Category: Politics

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Austria

    Source: IMF – News in Russian

    July 3, 2025

    • Austria has experienced two successive years of recession under weak domestic and external demand, triggered by the energy price shock and subsequent euro area monetary tightening. Despite weak demand and some easing in labor market conditions, inflation at around 3 percent year-on-year still exceeds inflation in the euro area by about 1 percentage point, with sticky services inflation and the lapsing of energy price relief policies causing headline inflation to rise. The fiscal deficit widened to 4.7 percent of GDP in 2024 due to the weak economy, lagged effects of inflation, and one-off expenditures, among other factors, resulting in an increase in public debt to 81 percent of GDP.
    • The growth outlook continues to remain weak for 2025, reflecting planned fiscal consolidation and heightened global trade barriers and trade policy uncertainty. A return to growth is expected from 2026 onwards, though the medium-term growth and fiscal outlook faces significant headwinds from demographic aging and sluggish productivity growth.
    • The outlook is subject to risks in both directions. Downside risks to growth predominate, including from increased global trade policy uncertainty and protracted weak sentiment. Upside risks include a faster-than-expected rebound in private demand or easing of global trade tensions.

    Washington, DC – [July 3, 2025]: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation26F[1] with Austria. The authorities have consented to the publication of the Staff Report prepared for this consultation.27F[2]

    Executive Board Assessment28F[3]

    Austria faces a challenging economic situation. Following two successive years of recession triggered by the energy-price shock and subsequent euro-area monetary tightening, the growth outlook remains weak for 2025, reflecting sizable planned fiscal consolidation and heightened global trade barriers and uncertainty. GDP is expected to recover more strongly from 2026 onwards under the baseline scenario. Nevertheless, the near-term outlook faces significant risks, including from global trade policy uncertainty and related uncertain financial conditions, which could affect economic sentiment and demand. Inflation in 2025Q1 still well exceeds the euro-area average and is only expected to close the gap gradually by end-2026. While Austria’s external position in 2024 is assessed as broadly in line with the level implied by medium-term fundamentals and desired policy settings, Austria’s competitiveness could be undermined over time if inflation convergence does not occur, which could happen if productivity-adjusted wage growth persistently exceeds the euro-area average. Moreover, headwinds from population aging and sluggish productivity growth will continue to constrain medium-term growth prospects, absent significant reforms. Major new fiscal adjustment measures are also needed over the medium term to put the debt ratio back on a downward path while offsetting rising spending pressures from aging, defense, the green transition, and interest payments.

    The government’s near-term fiscal consolidation measures will help reduce inflationary pressures and slow the rise in debt. The government’s announced fiscal measures for 2025 are expected to lower the deficit and are sufficient for 2025 given the weak economy. If near-term downside risks materialize, the authorities should let automatic stabilizers operate freely to avoid an excessive drag on growth, with measures deployed to protect the most vulnerable in the event of a severe downturn.

    A bold and well-designed package of consolidation measures can yield significant savings over the medium term. The authorities should aim to cut the deficit to below 2 percent of GDP to put the debt ratio on a declining path. To achieving this while offsetting rising spending pressures, the authorities could consider some combination of gradually reducing pension replacement rates, which are among the highest in the EU; limiting public-sector wage increases; increasing health-care spending efficiency; and eliminating environmentally harmful subsidies, along with greater reliance on property, inheritance, gift, and excise taxes—taxes that are all somewhat low in Austria compared to the European average. Gradually increasing the national carbon price could generate additional fiscal resources, help prepare for anticipated higher carbon prices under EU ETS2, and encourage efficient carbon mitigation in service of Austria’s ambitious decarbonization goals.

    Reforms to increase labor supply and reduce regulatory barriers could significantly boost medium and long-term growth. Boosting labor supply by narrowing the gap in full-time work by females and in labor force participation among elderly workers relative to the EU average could offset more than 20 years of demographic aging in terms of the effect on GDP. In this regard, ongoing efforts to provide more childcare are welcome and should be deepened by further expanding childcare and eldercare facilities, undertaking pension reforms that incentivize longer working lives, and continuing efforts to better integrate immigrants into the work force. The growth outlook could be further improved by stepping up efforts to cut red tape in services sectors where regulatory barriers remain high, speed the approval of renewable energy projects, and reduce regulatory bottlenecks in housing supply, including by easing land-use regulations. Measures to promote capital market finance for firms, especially equity financing for young firms at different stages of growth, could foster more innovation and entrepreneurship, as could ongoing efforts to strengthen ecosystems of collaboration between academia and industry.

    Deepening the EU Single Market is also critical for improving Austria’s productivity and economic growth. Intra-EU trade barriers remain significant. Reducing these barriers and deepening the EU Single Market, including through reforms such as Savings and Investment Union and the establishment of harmonized rules for businesses operating in different jurisdictions (i.e., creating and implementing a well-designed common 28th corporate regime) could allow firms to better leverage economies of scale and catalyze financing for innovative ideas. Further energy market integration within the EU would help reduce the level and variability of energy costs. Supporting such reforms is one of the most important steps that Austria could take to boost productivity and growth across both Austria and Europe.

    The financial sector remains healthy and macroprudential policies are broadly appropriate, but continued vigilance on potential credit risks is warranted. Banks face potential credit risks, including from nonfinancial corporates affected by the rise in global trade barriers and trade policy uncertainty. To mitigate these risks and prepare for an expected normalization of bank profits from recent highs, the authorities should continue to encourage banks to value collateral conservatively, ensure adequate risk provisions, and remain prudent in profit distributions, including to build resilience to shocks and invest in infrastructure to safeguard against cyberthreats. Regarding the borrower-based measures for residential real estate lending, which are set to lapse in July 2025, the new government should consider legislation to adopt these measures as permanent instruments, as they are consistent with international standards for prudent underwriting. Meanwhile, supervisors should remain vigilant that banks adhere closely to the proposed lending guidelines that will replace the borrower-based measures. Regarding CRE risks, the introduction of the SSyRB set at 1 percent of CRE assets is welcome, and the authorities should continue their efforts to close macroprudential CRE data gaps. The current setting of the CCyB at zero remains appropriate given weak credit growth. Implementing key outstanding recommendations from IMF staff’s 2020 Financial System Stability Assessment would further strengthen the framework for financial sector oversight and safety mechanisms.

     

    Table 1. Austria: Selected Economic Indicators, 2022–26

    Population (million, 2024):

    9.1

     Per capita GDP: 

    $56,216

    Quota (SDR million, current):

    3932.0

     Literacy rate 1/:

    100%

    Main products and exports:

    Diversified

     Poverty rate 2/:

    14.9%

    Key exports markets:

    Germany, CESEE

         

    2022

    2023

    2024

    2025

    2026

         

    Proj.

                                                                  

             

     

             

    Output

             

         Real GDP growth (%)

    5.4

    -0.9

    -1.3

    -0.1

    0.8

    w

    Employment

             

         Unemployment (Harmonized) (%)

    4.7

    5.1

    5.4

    5.6

    5.5

    W

    Ww

         

    Prices

             

         Inflation (%, average)

    8.6

    7.7

    2.9

    3.2

    1.7

             

    General government finances

             

         Revenue (% of GDP)

    49.7

    50.1

    51.6

    52.0

    52.1

         Expenditure (% of GDP)

    53.1

    52.7

    56.3

    56.3

    56.3

         Fiscal balance (% of GDP)

    -3.4

    -2.6

    -4.7

    -4.3

    -4.1

         Public debt (% of GDP)

    78.4

    78.5

    81.2

    82.8

    84.0

             

    Money and credit 

             

         Broad money (% change)

    5.2

    -0.1

    4.3

    3.0

    3.2

         Credit to the private sector (% change) 3/

    6.2

    0.2

    0.5

    1.1

    2.0

             

    Balance of payments

             

         Current account (% of GDP)

    -0.9

    1.3

    2.4

    2.6

    2.9

         FDI (% of GDP, net)

    0.0

    1.1

    0.3

    0.3

    0.3

         Reserves (months of imports) 

    1.3

    1.2

    1.6

    1.6

    1.6

         External debt (% of GDP)

    150.8

    152.3

    157.8

    161.0

    163.6

             

    Exchange rates

             

         REER (% change)

    0.2

    1.8

    0.5

    Sources: Authorities, and staff estimates and projections.

    1/ Percent of population aged 15-74 with education attainment between pre-primary and tertiary education.

    2/ 2022, at risk of poverty rate after social transfers.

    3/ Households and non-financial corporations. Exchange rate adjusted.

                       

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/Austria page.  

    [3] At the conclusion of the discussion, the Managing Director, as Chair of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

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

    https://www.imf.org/en/News/Articles/2025/07/02/pr-25237-austria-imf-concludes-2025-art-iv-consult

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI: NANO Nuclear Announces Platinum Sponsorship and Participation in Panel Discussion at the Defense Strategies Institute’s 7th Annual DoD Energy & Power Summit.

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., July 03, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it is the Platinum Sponsor of the upcoming Defense Strategies Institute’s 7th Annual DoD Energy & Power Summit to be held on July 9-10, 2025, at the National Housing Center in Washington, DC.

    NANO Nuclear Energy Chief Executive Officer James Walker will participate in a panel discussion titled, “Exploring Cutting Edge Nuclear Energy Solutions for Defense Applications” at 11:10am on July 9th. This panel will delve into the rapidly evolving landscape of nuclear energy technologies and their potential to revolutionize defense capabilities. It will also discuss the cutting-edge advancements in nuclear reactor designs, including small modular reactors (SMRs) and microreactors, and their suitability for powering remote military installations, advanced weapon systems, and future propulsion technologies.

    The panel will additionally feature leaders of key United States nuclear research and oversight organizations, including the Deputy Assistant Secretary for Nuclear Reactors, Department of Energy Dr. Rian Bahran, SES; Associate Laboratory Director, Nuclear Science & Technology Directorate, Idaho National Laboratory Jess Gehin, Ph. D., and the Director of Nuclear Engineering Program, Virginia Tech Research Center Alireza Haghighat Ph.D.

    “The momentum behind our work to deliver mobile, resilient nuclear power solutions continues to grow, and I look forward to discussing their potential defense applications during the panel,” said James Walker, Chief Executive Officer of NANO Nuclear. “This summit offers a valuable forum to engage directly with energy leaders from the government and the Department of Defense, and I expect productive, and important conversations.”

    Figure 1 – NANO Nuclear Announced as the Platinum Sponsor of the DoD Energy & Power Summit, held on July 9-10, 2025, at the National Housing Center in Washington, DC.

    The Department of Defense is the single largest energy consumer in the United States and consumes approximately 76% of federal energy consumption. This year’s DoD Energy and Power Summit will provide a forum for members of the DoD, Military Services, Federal Government, Industry, and Academia, and other leading stakeholders to enhance energy efficiency, resiliency, affordability, and security across the Department of Defense and federal government. This “town-hall” style summit will allow attendees to hear first-hand from decision makers and engage in meaningful conversations and discussions on US energy and power initiatives.

    “We’re proud to sponsor the DoD Energy & Power Summit and meet with leading policymakers and military officials in Washington,” said Jay Yu, Founder and Chairman of NANO Nuclear. “We’ve engaged numerous seasoned, former military and government experts onto our team to better position NANO Nuclear to support the DoD and DOE in their energy transition efforts. Our advanced reactor designs prioritize efficiency, safety, and reliability, qualities essential for powering critical installations and supporting the women and men who protect the nation.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMREnergy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
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    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

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  • MIL-OSI: eToro Appoints Former SEC Commissioner Laura Unger and Wix CFO Lior Shemesh as Board Members

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 03, 2025 (GLOBE NEWSWIRE) — eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, today announced the appointment of Laura Unger and Lior Shemesh as Board Members. Both Ms. Unger and Mr. Shemesh will also join eToro’s Audit & Risk Committee.

    Commenting on the appointments, Yoni Assia, Co-founder and CEO, said: “As eToro enters this new chapter as a Nasdaq listed company, we are delighted that Laura Unger and Lior Shemesh will join eToro’s Board. As leaders in their respective fields, they bring extensive knowledge and expertise to the Board. We look forward to benefiting from Laura’s experience across regulatory governance and risk management, as well as Lior’s financial and operational leadership as we continue to grow eToro’s presence around the world, including our goal to expand our operations in the U.S.”

    Ms. Unger is a financial services regulatory, legislative, policy and strategy expert. She has held a variety of public and private sector roles and served on multiple corporate boards over the last twenty years, including Borland Software, MBNA, Merrill Lynch IQ Funds, Ambac Financial, CA Technologies, CIT Group and Navient Corporation. She is a former SEC Commissioner and Acting Chair, and former Counsel to the U.S. Senate Banking Committee.

    Ms. Unger currently serves as an independent director and Risk Committee Chair for the global investment bank Nomura Holdings Inc. (NYSE “NMR”) (Tokyo), as Audit Chair and director of its largest subsidiary, Nomura Holdings America, and director of its trading platform, Instinet.

    Ms. Unger began her government career as an SEC Enforcement Attorney in NYC and Washington, DC, followed by her service as Securities Counsel to the US Committee on Banking, Housing and Urban Affairs. She received a B.A. in Rhetoric from the University of California at Berkeley in 1983, and a J.D. from New York Law School in 1987.

    “I’m pleased to join eToro’s Board at such an exciting moment for the company and for the investing landscape more generally. I look forward to sharing my two decades of experience by providing capital markets, regulatory and governance insights. Beyond this, eToro and I share a passion for understanding technology’s impact on capital markets. At a time when the pace of technological innovation is accelerating, I’m thrilled to be joining a company which prides itself on being at the forefront of compliant innovation,” said Ms. Unger.

    ​Lior Shemesh is an experienced CFO with a strong track record of shaping and leading the financial strategy and operations for technology companies. He has served as CFO of Nasdaq listed software company Wix since April 2013. Before joining Wix, Lior served as VP Finance and then CFO at Alverion Ltd., a provider of optimized wireless broadband solutions. Previously, he held senior finance roles at Veraz Networks Inc., a softswitch, media gateway and digital compression solutions provider, and ECI Telecom Ltd., a network infrastructure provider.

    ​From July 2012 to June 2021, Mr. Shemesh served on the board of directors of Aspen Group Ltd., where he was also on the compensation committee, financial statements committee, as well as Chair of the audit committee.

    ​Mr. Shemesh began his career as an accountant at Israel Aerospace Industries. He has a B.A. in Accounting & Economics and an M.B.A. from Bar-Ilan University.

    “I’m honored to be joining the Board of eToro at such a pivotal time in its growth journey. I’ve spent years in the technology space and am deeply impressed by eToro’s commitment to harnessing technology to empower individual investors around the world. I look forward to working with the Board and eToro’s leadership team to support the company’s mission and help drive its continued growth and success,” said Mr. Shemesh.

    About eToro
    eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.

    Cautionary Language Concerning Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding eToro’s financial outlook and market positioning. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “outlook,” “guidance,” “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond eToro’s control. eToro’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to market volatility and erratic market movements; failure to retain existing users or adding new users; extreme competition; changes in regulatory and legal framework under which eToro operates; regulatory inquiries and investigations; eToro’s estimates of its financial performance; interest rate fluctuations; the evolving cryptoasset market, including the regulations thereof; conditions related to eToro’s operations in Israel, including the ongoing war; risks related to data security and privacy and use of OSS; risks related to AI; changes in general economic or political conditions; changes to accounting principles and guidelines; the ability to maintain the listing of eToro’s securities on Nasdaq; unexpected costs or expenses; and other factors described in “Risk Factors” in eToro’s Registration Statement on Form F-1, filed with the Securities and Exchange Commission (the “SEC”) on March 24, 2025, as amended, and declared effective by the SEC on May 13, 2025. Further information on potential risks that could affect actual results will be included in the subsequent filings that eToro makes with the SEC from time to time.

    Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent eToro’s views as of the date of this press release. eToro anticipates that subsequent events and developments will cause its views to change. eToro undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing eToro’s views as of any date subsequent to the date of this press release.

    Contact
    Media Relations – pr@etoro.com
    Investor Relations – investors@etoro.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e5e9931e-ef09-48e3-b5c9-448e9ecfb052

    https://www.globenewswire.com/NewsRoom/AttachmentNg/89bdaab3-6db5-4493-ad09-8535b5e87f45

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  • MIL-OSI Africa: North West Provincial Govt disputes that R383m will be returned to Treasury

    Source: Government of South Africa

    The North West Provincial Government has disputed claims regarding its budget expenditure for the 2024/25 financial year, after reports indicated that it would return R383 million to the National Treasury.

    This is after an opposition party noted that while most provincial departments spent between 98% and 99% of their allocated budgets, which aligns with acceptable spending norms, the province’s underspending still amounts to a significant R383 million. 

    According to the party, this underspending includes considerable shortfalls in key departments.

    The party has called on the North West Provincial Government to account for the R383 million in underspending for the 2024/25 financial year. 

    However, the provincial government confirmed that, according to the preliminary audit outcomes for 2024/25, 99.29% of its R54.2 billion budget was spent, which translates to a total expenditure of R53.9 billion.

    “This is a much-improved performance compared to the previous financial year, with only two departments spending below a threshold of 95%.

    “The under-expenditure of R383 million, which is made up of R176 million of the equitable share, will be retained by the province.” 

    The provincial government stated that the remaining amount, approximately R207 million, will roll over into the 2025/26 financial year.

    “Already, National Treasury has approved R172 million, which will be re-appropriated through the November adjustment budget. These funds will be used for various infrastructure projects to address service delivery challenges and create various socio-economic opportunities for locals. 

    “Therefore, there is no R383 million which is going to be returned to National Treasury, as alleged by some in the mainstream and social media platforms.” – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: G20 members urged to turn commitments into action to advance gender equality

    Source: Government of South Africa

    As the Third Technical Meeting of the G20 Empowerment of Women Working Group (EWWG) draws to a close, Deputy Minister in the Presidency for Women, Youth and Persons with Disabilities Steve Letsike has called for G20 members to transform commitments into lasting action. 

    Delivering closing remarks on Thursday, the Deputy Minister applauded the depth of deliberations held over the past days and called for greater accountability to drive tangible progress in the global pursuit of gender equality. 

    “This meeting has been a powerful space of shared purpose. We have engaged in thoughtful and sometimes difficult conversations, recognising that the path toward gender equality requires not only commitment, but concrete action and accountability. 

    “Through collective commitment and action, G20 members can make significant strides in promoting gender equality and achieving sustainable development,” Letsike said.

    Framed around three interlinked priority areas – care economy, financial inclusion, and gender-based violence – the EWWG discussions drew attention to the complex and deeply rooted inequalities that continue to hinder the advancement of women and girls globally.

    The Deputy Minister emphasised the economic and social significance of care work, both paid and unpaid, which is often overlooked, despite being “the backbone of our societies and economies”. 

    She highlighted the importance of elevating care work and ensuring decent wages and equitable conditions, underscoring that these are “not just gender issues but they are economic imperatives”.

    On the issue of financial inclusion, Letsike welcomed the early outcomes under South Africa’s G20 Presidency, including a newly proposed action plan aimed at increasing access to financial tools and opportunities for women and girls.

    “I am happy that we are beginning to see the tangibles that will emerge from the South African G20 Presidency. One of these is the action plan on financial inclusion, which starts to define the key strategic focus or pillars, action areas and initiatives that we could adopt as G20 members to drive financial inclusion. 

    “This action plan or framework will assist to ensure systemic reform, institutional accountability, and policy innovation grounded in lived realities and rigorous evidence,” the Deputy Minister said. 

    The meeting also took a firm stand on the global scourge of gender-based violence and femicide, calling for decisive action through prevention, protection and prosecution.

    “No society can claim to be just or equal while women continue to live in fear, or worse, lose their lives simply because they are women. 

    “We reaffirmed the urgent need for prevention, protection and prosecution anchored in survivor-centred policies and a culture of zero tolerance,” Letsike stressed. 

    Policy briefs on the care economy and gender-based violence, along with global frameworks, such as the 5R [Recognise, Reduce, Redistribute, Represent and Reward unpaid and paid care work] and SIGI [Social Institutions and Gender Index], are expected to guide G20 members toward national policy development and implementation.

    The Deputy Minister reaffirmed South Africa’s commitment to a G20 approach built on consensus and inclusive growth, adding that the knowledge products generated during this technical meeting would contribute to the legacy of the country’s Presidency.

    “The South African G20 Presidency is committed to the principles of G20 based on consensus, which is a cornerstone of our collective efforts. Through open dialogue and collaboration, we have reaffirmed our shared vision of a more inclusive and accessible world,” she said. 

    Looking ahead, the Ministerial Declaration resulting from these engagements will be presented to the Ministers for adoption in October 2025. 

    The gathering brought together senior government officials, G20 partners, civil society, academics, and international organisations strengthening global momentum toward a more just and equitable world for women and girls.

    The closed sessions that took place on Wednesday and continues today focused on the global context of gender-based violence, emphasising the need for private sector engagement and legislation to protect women. 

    Key points included the criminalisation of certain behaviours, the creation of codes for daily access, and the importance of community-driven sustainability in health provisions. 

    The speakers also stressed the importance of international support, governance, and the need for a comprehensive approach to address gender-based violence effectively. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Video: The Global Alliance for Trade Facilitation: Targeted Solutions, Global Impact

    Source: World Economic Forum (video statements)

    Trade is vital for development, but many countries face costly delays and inefficiencies. The Global Alliance for Trade Facilitation is partnering with governments, businesses, and international organizations to streamline customs, digitalize processes, and unlock global markets for SMEs.

    The Alliance drives practical reforms that boost exports, cut costs, and make trade faster, safer, and more inclusive. Hear from global leaders on how public-private collaboration is reshaping trade for good.

    To learn more about the Global Alliance for Trade Facilitation please visit: https://www.tradefacilitation.org/

    #TradeFacilitation #DigitalTrade #SMEs #InclusiveTrade #CustomsReform

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=MQdqbbrULJ0

    MIL OSI Video

  • MIL-OSI Africa: Speech by HE the Prime Minister and Minister of Foreign Affairs upon acceptance Tipperary International Peace Award

    Source: Government of Qatar

    Ladies and Gentlemen,

    Esteemed Members of the Tipperary Peace Convention,

    Distinguished Guests,

    It is with deep humility and immense gratitude that I accept the Tipperary International Peace Award, not as a personal honor, but on behalf of the State of Qatar—its people, its principles, and its leadership. It is a recognition of what Qatar represents in the world today: a steady voice for peace, a defender of dialogue, and a nation that does not waver in the face of hardship.

     To stand here in Ireland—a country whose peace was earned through reconciliation and moral courage—is profoundly meaningful. Your journey affirms what we in Qatar have always believed: peace is not given, it is built.

    I am reminded of the late John Hume, who said: “The basis of peace and stability, in any society, has to be the fullest respect for the human rights of all its people.”

    However, today, I speak to you not about my story, but the story of the proud people of Qatar.

    I am often asked, What guides Qatar’s efforts, from Gaza to Afghanistan, from Lebanon to Ukraine, Some have claimed that Qatar does this for its own gain. This cannot be further from the truth.

    Our work is not transactional; it is transformational. It is not a tactic; it is a national identity shaped by culture, driven by faith, enshrined in the constitution, and inspired by leadership.

    His Highness the Amir is a model of leadership rare in today’s world. He does not simply govern—he feels, putting his heart and soul in every duty, from the needs of his citizens, to regional and international peace. He sees the people of the region, and innocent people around the world, as his own, grieves for every life lost, and envisions peace as his legacy.

    Words cannot express my pride in His Highness. I had the honor to serve my country under his leadership for over ten years, and will be honored to do so for as long as I am able to. It is his wisdom, passion, and determination that I personally draw from the inspiration to propel me forward.

    This award comes at a moment of great significance.

    Just a week ago, our country came under direct missile attack, a direct result of recklessness concerning the peace and stability of our region. But even as our air defences were falling, our diplomats were doing theirs, securing a ceasefire by dawn. Most importantly, dawn broke with no lives lost and no human cost. That realization led to the choice of restraint rather than retaliation. At that difficult moment, while we were discussing with the Emir options of what our next move will be, he decided that as long as thankfully no lives were lost in the attack, none shall be lost. The choice was restraint.
    And I must be clear: Qatar chose restraint from a position of strength, not weakness, because we prioritized regional stability and the well-being of all in our region, over rhetoric and pity show of force.

    And frankly speaking, we do not want to be among the countries who are in the club preaching something and doing something else. So we are trying to at least practice what we preach.

    We have long warned of the dangers of regional spillover and of how the reckless behavior of Israel risked widening the conflict beyond repair. The price of ignoring those warnings is being paid not only in Gaza but across the region.

    The ever-expanding conflicts in our world today have put to the test the ideals and principles that are supposed to secure international peace, the blatant violations of international law, and especially international humanitarian law that are ongoing, with very little accountability and complete impunity perpetrated by members of the United Nations are increasing every day. The erosion of trust in the international order and norms. Nowhere is it safe.

    Nowhere is that tragedy more visible than in Gaza. The images from there are unbearable. The loss is unspeakable. Yet in the face of devastation, His Highness the Amir has remained unwavering in his commitment to the people of Gaza, whether it be through continuous aid, actively working towards peace, or defending their dignity in the international arena.

    In the international arena, not only the people of Gaza, but we remain committed to freeing the remaining Israeli hostages despite the Israeli government’s apathy towards a peaceful outcome. A human life to us is sacred, regardless of political or any other identity.

    Their suffering weighs heavily on our conscience and strengthens our resolve.

    Even when provoked, even when attacked, we remain committed to peace—not as a slogan, but as a duty. Our armed forces protect our sovereignty with courage. Our diplomats build bridges in silence. And through it all, our people stand united.

    As our beloved Prophet Muhammad (peace be upon him) said:

    “Shall I not tell you what is better than the rank of prayer, fasting, and charity? It is reconciling people.”

    To the next generation—those watching from afar: do not believe that peace is naïve. It is harder than war. But it is worth every effort. It is stronger than cynicism and louder than violence.

    On behalf of the people of Qatar, I thank the Tipperary Peace Convention for this recognition. And on their behalf, I accept it with humility and with renewed commitment—that Qatar will remain a voice of calm, a partner in peace, and a friend to all who believe that dialogue must triumph over destruction.

    May we remain faithful to that cause.

    Thank you.

    MIL OSI Africa

  • MIL-OSI United Kingdom: Report by the Head of OSCE Mission to Montenegro: UK statement to the OSCE, July 2025

    Source: United Kingdom – Executive Government & Departments

    Speech

    Report by the Head of OSCE Mission to Montenegro: UK statement to the OSCE, July 2025

    UK Chargé d’Affaires, Deputy Ambassador James Ford, underlines the UK’s full support for Montenegro’s Euro-Atlantic integration and welcomes the Mission’s work in support of the government’s national strategic objectives.

    Thank you, Madam Chair.

    Firstly, I would like to welcome Ambassador Haukaas to the Permanent Council for the first time as Head of Mission. Thank you, Ambassador, for the work of your team over the last year, and for this report.

    Madam Chair, the United Kingdom continues to fully support Montenegro’s Euro-Atlantic integration. We recognise the progress on legislative reforms approved by Montenegro’s parliament during the reporting period, and the positive interim benchmark assessment from the European Commission. The UK continues to strongly support Montenegro’s reform agenda. This was something UK Special Envoy to the Western Balkans Dame Karen Pierce underlined during her recent visit to Podgorica, which included signing a Strategic Partnership with Foreign Minister Ibrahimovic, enhancing UK-Montenegro cooperation on priority issues.

    The UK positively notes the Mission’s work in support of the government’s national strategic objectives, in line with the Mission’s mandate and OSCE commitments and principles. The Mission’s focus also combines well with the UK’s own engagement in support of reforms in Montenegro.

    In particular, we commend the Mission’s continued cooperation with Montenegro’s parliament on strengthening institutional capacity and the skills of parliamentary staff. We support your continued focus on electoral reform, including on voter education ahead of elections in April. And we welcome the Mission’s ongoing engagement in combatting serious and organised crime and corruption, including through training to law enforcement agencies on specialised investigative methods and forensics.

    Ambassador Haukaas, we also particularly commend the Mission’s continued focus on gender, including your support to the Gender Equality Committee in drafting a new gender action plan for Montenegro’s Parliament.

    Madam Chair, OSCE field operations continue to deliver excellent work despite increasingly constrained funding. It is vital for the work of all OSCE structures that participating States agree a Unified Budget for 2025 and beyond. The continued non-agreement of budgets makes it hugely challenging for field missions to deliver their mandates. We urge all participating States to engage constructively with budget proposals and ensure all OSCE structures are adequately funded.

    Thank you again, Ambassador Haukaas, for your leadership of the OSCE Mission to Montenegro, and I wish you continued success in the role.

    Updates to this page

    Published 3 July 2025

    MIL OSI United Kingdom

  • MIL-OSI: Brookfield Business Partners Announces Sale of Assets to Seed New Evergreen Private Equity Strategy

    Source: GlobeNewswire (MIL-OSI)

    • Transaction enables Brookfield Business Partners to monetize a partial interest in three businesses at a value accretive to the trading price of its units and shares

    • Provides new evergreen private equity strategy with an immediate, diversified portfolio

    • The Transaction was subject to a rigorous, independent review process which included a fairness opinion provided by an independent third-party financial advisor

    BROOKFIELD, NEWS, July 03, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC), today announced that it has reached an agreement to sell a portion of its interest in three businesses (the “Transaction”) to a new evergreen private equity strategy (the “New Fund”) targeting high-net-worth investors, managed by Brookfield Asset Management.

    Under the terms of the Transaction, Brookfield Business Partners will sell an approximate 12% interest in its engineered components manufacturing operation (“DexKo”), an approximate 7% interest in its dealer software and technology services operation (“CDK Global”) and an approximate 5% interest in its work access services operation (“BrandSafway”) to the New Fund.

    Brookfield Business Partners will receive units of the New Fund (the “Units”) with an initial redemption value of approximately $690 million, representing an aggregate 8.6% discount to the net asset value (“NAV”) of the interests sold. In the 18-month period following the initial closing of the New Fund, expected later this year, the Units are expected to be redeemed for cash at an 8.6% discount to NAV at the time of redemption. Any remaining Units still outstanding after this 18-month period will be redeemable at NAV.

    A joint independent committee comprising independent directors of Brookfield Business Partners retained an independent financial advisor and external legal counsel to assist with their review of the Transaction. The joint independent committee received a fairness opinion from their independent financial advisor, and following consultation with their advisors determined that the Transaction is fair and in the best interests of Brookfield Business Partners.

    Anuj Ranjan, CEO of Brookfield Business Partners said, “The Transaction provides a strong outcome for Brookfield Business Partners’ unitholders and shareholders and provides the new evergreen private equity strategy with an immediate diversified seed portfolio prior to its launch. The realization of these partial interests, at a value that is accretive to the trading price of our units and shares, enables Brookfield Business Partners to continue to accelerate the return of capital under current and future buyback programs, reinvest in the growth of its business and reduce corporate leverage.”

    The sale is expected to be completed on July 4, 2025.

    Independent Review Process

    The Transaction was reviewed by independent committees (the “Independent Committees”) formed by the boards of directors of the general partner of Brookfield Business Partners L.P. and of Brookfield Business Corporation (collectively, the “Boards”), which are comprised of independent directors. The Independent Committees retained Stikeman Elliott LLP as their external counsel and Origin Merchant Partners as their independent financial advisor to assist in their review of the Transaction.

    The Independent Committees received an opinion from Origin Merchant Partners that, subject to various assumptions, qualifications and limitations to be set forth in its opinion letter, the consideration to be received by Brookfield Business Partners L.P. and Brookfield Business Corporation pursuant to the Transaction is fair, from a financial point of view, to Brookfield Business Partners L.P. and Brookfield Business Corporation.

    After consultation with their independent financial and legal advisors, the Independent Committees unanimously determined that the Transaction is fair to and in the best interests of Brookfield Business Partners L.P. and Brookfield Business Corporation, and unanimously recommended to the Boards that Brookfield Business Partners L.P. and Brookfield Business Corporation approve the Transaction. The Boards have unanimously (excluding conflicted directors, who did not participate in deliberations) determined that the Transaction is in the best interests of Brookfield Business Partners L.P. and Brookfield Business Corporation and approved the Transaction.

    As the value of the Transaction is less than 25% of the consolidated market capitalization of Brookfield Business Partners L.P., the Transaction is exempt from the formal valuation and minority shareholder approval requirements under applicable securities laws.

    Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

    Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

    For more information, please contact:

    Cautionary Statement Regarding Forward-looking Statements and Information

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements with respect to the CDK Global, BrandSafway and DexKo businesses, their growth and leadership prospects and the Transaction described in this news release, including the expected redemption value of the Units, the timeline for redemption and the use of the proceeds therefrom, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

    Although we believe that such forward-looking statements are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners, CDK Global, BrandSafway and/or DexKo to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to, the following: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation, commodity prices and volatility in the financial markets; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; business competition, including competition for acquisition opportunities; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; changes to U.S. laws or policies, including changes in U.S. domestic and economic policies as well as foreign trade policies and tariffs; technological change; litigation; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; operational, or business risks that are specific to any of our business services operations, infrastructure services operations or industrials operations; changes in government policy and legislation; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; changes in tax law and practice; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in our annual report for the year ended December 31, 2024 filed on Form 20-F.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI: MAAS Announces A Private Placement of Class A Ordinary Shares and Warrants

    Source: GlobeNewswire (MIL-OSI)

    CHENGDU, China, July 03, 2025 (GLOBE NEWSWIRE) — Maase Inc. (NASDAQ: MAAS) (“MAAS” or the “Company”) today announced the execution of a definitive share purchase agreement (the “Agreement”) with certain investors, pursuant to which the investors have agreed to subscribe for, and the Company has agreed to issue and sell to the investors, (i) an aggregate of 10,000,000 Class A ordinary shares, par value US$0.09 per share, of the Company, at a purchase price of $2.08 per share (the “Per Share Purchase Price”) (the “Share Issuance”), and (ii) warrants to purchase up to 20,000,000 additional Class A ordinary shares of the Company. The transaction is expected to generate approximately $21 million in gross proceeds from the Share Issuance.

    The exercise price of the warrants is structured in two tranches: 50% of the warrants are exercisable at 200% of the Per Share Purchase Price, with the remaining 50% exercisable at 250%. Upon the closing of the Share Issuance, the Company will have a total of 25,917,241 ordinary shares outstanding, consisting of 19,250,573 Class A ordinary shares and 6,666,668 Class B ordinary shares. Upon closing of the Share Issuance, the largest investor in this transaction is expected to hold approximately 19.29% of the Company’s total outstanding ordinary shares, representing 0.73% of the total voting power due to the Company’s dual-class share structure, assuming no exercise of the warrants.

    The transaction is expected to close by the end of July 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds to support the execution of its business plans as determined by its board of directors, to augment general working capital, and for other general corporate purposes.

    The Class A ordinary shares are being issued and sold in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), which have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

    About Maase Inc.

    Founded in 2010 and formerly known as Highest Performances Holdings Inc., we have evolved with a vision to become a leading provider of intelligent technology-driven family and enterprise services. Our mission is to enhance the quality of life for families worldwide by leveraging two primary driving forces: technological intelligence and capital investments. We are dedicated to investing in high-quality enterprises with global potential, focusing on areas such as asset allocation, education and study tours, healthcare and elderly care, and family governance.

    We currently hold controlling interests in two leading financial service providers in China. The first is AIFU Inc., a technology-driven independent financial service platform traded on the Nasdaq. The second is Puyi Fund Distribution Co., Ltd., an independent wealth management service provider.

    Forward-looking Statements
    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When MAAS uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from MAAS’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: MAAS’s ability to obtain proceeds from the Agreement; MAAS’s goals and strategies; MAAS’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the third-party wealth management industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets MAAS serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by MAAS with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in MAAS’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. MAAS undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    Maase Inc.

    The MIL Network

  • MIL-OSI Economics: CBB Government Development Bond Issue No. 41 Oversubscribed

    Source: Central Bank of Bahrain

    CBB Government Development Bond Issue No. 41 Oversubscribed

    Published on 3 July 2025

    Manama, Bahrain –3rd July 2025 – The Central Bank of Bahrain (CBB) announces that the issue of the 4-year Government Development Bond has been oversubscribed by 267%.

    Subscriptions worth BD 667.621 million were received for the BD 250 million issue, which carries a maturity of 4 years.

    The fixed annual coupon rate on the issue, which begins on 9th July 2025 and matures on 9th July 2029, is 6.25%.

    The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

    This is Government Development Bond issue No.41 (ISIN BH000551W253).

    Share this

    MIL OSI Economics

  • MIL-OSI Economics: CBB Government Development Bond Issue No. 41 Oversubscribed

    Source: Central Bank of Bahrain

    CBB Government Development Bond Issue No. 41 Oversubscribed

    Published on 3 July 2025

    Manama, Bahrain –3rd July 2025 – The Central Bank of Bahrain (CBB) announces that the issue of the 4-year Government Development Bond has been oversubscribed by 267%.

    Subscriptions worth BD 667.621 million were received for the BD 250 million issue, which carries a maturity of 4 years.

    The fixed annual coupon rate on the issue, which begins on 9th July 2025 and matures on 9th July 2029, is 6.25%.

    The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

    This is Government Development Bond issue No.41 (ISIN BH000551W253).

    Share this

    MIL OSI Economics

  • MIL-OSI: AI Chip Market Set to Soar to US$ 229.08 Billion by 2032, Fueled by Robust 20.49% CAGR: AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 03, 2025 (GLOBE NEWSWIRE) — The Global AI Chip Market is undergoing a seismic transformation as artificial intelligence continues to redefine how businesses operate, devices interact, and societies function. With a projected market value of USD 229,083.24 million by 2032 and a robust compound annual growth rate (CAGR) of 20.49%, this sector stands at the intersection of deep tech and digital transformation.

    At the heart of this momentum is a growing demand for purpose-built processing units capable of handling the high complexity of AI workloads. Traditional CPUs, once the backbone of computing, are being outpaced by AI chips such as GPUs, ASICs, FPGAs, and NPUs—designed to deliver faster computation, lower latency, and greater energy efficiency. These chips are now indispensable across sectors—from autonomous driving and industrial automation to smart consumer devices and medical diagnostics. The market’s evolution is not just driven by technological necessity but also by strategic shifts. Governments and enterprises alike are pouring resources into building resilient AI infrastructure, with the AI chip serving as the core enabler of scalable, real-time intelligence. As AI moves from concept to implementation across industries, the demand for high-performance computing is accelerating, and so is the AI chip ecosystem.

    Get a Sample Report of AI chip market @ https://www.analystviewmarketinsights.com/request_sample/AV4081

    Technology at the Core: What Makes AI Chips Different?

    AI chips are not just faster processors—they are purpose-engineered to manage billions of computations per second across neural networks. These tasks include matrix multiplications, data vectorization, and parallel execution, which are essential for AI functions like deep learning, natural language processing (NLP), and computer vision.

    Unlike general-purpose CPUs, AI chips can execute these complex operations with higher efficiency, enabling near-instant responses in applications such as voice assistants, facial recognition, and real-time translation. For cloud computing platforms and edge devices, these chips provide the processing muscle required for AI algorithms to function seamlessly at scale.

     Key Drivers Behind Market Growth

    1. Industrial AI Integration
      Businesses across manufacturing, logistics, retail, and energy are rapidly incorporating AI for predictive analytics, process automation, and intelligent decision-making. AI chips empower these systems to function in real time, transforming operational agility and accuracy. Over 70% of businesses in manufacturing and logistics are adopting AI to enhance efficiency and decision-making.
    2. Surge in Edge AI Devices
      The demand for localized, low-latency AI processing is pushing AI chip deployment to the edge—embedded in mobile phones, drones, surveillance cameras, and autonomous vehicles. This shift to edge computing is minimizing reliance on cloud infrastructure and enabling real-time decision-making.
    3. Governmental Support and Funding
      Global investments in AI R&D and chip manufacturing are expanding at a record pace. For instance, the U.S. CHIPS Act and China’s “AI 2030” initiative are fueling domestic innovation. Europe, too, is actively funding AI research with an eye on digital sovereignty.
    4. AI-Powered Consumer Products
      From smart speakers to fitness trackers and home automation, AI chips are embedded in everyday consumer electronics. Their capability to support machine learning in real-time makes them vital for user personalization and seamless functionality.
    5. Data Center Expansion and Cloud AI
      Cloud service providers like AWS, Microsoft Azure, and Google Cloud are equipping their data centers with AI accelerators to meet surging demand for model training and inference workloads. AI chips are pivotal in reducing power consumption while improving performance in such environments.

    MARKET KEY PLAYERS:

    • Advanced Micro Devices
    • Amazon
    • General Vision
    • Google
    • Gyrfalcon Technology
    • Huawei Technologies
    • IBM
    • Infineon Technologies
    • Intel
    • Kneron
    • Microsoft
    • MYTHIC
    • Nvidia
    • NXP Semiconductors
    • Qualcomm Incorporated
    • Samsung Electronics
    • Toshiba
    • Wave Computing
    • Apple INC.
    • Others

    Market Challenges: Risks Alongside Opportunities

    Despite its bullish outlook, the AI chip market faces several critical challenges:

    • Security and Privacy Concerns: As AI becomes deeply integrated into critical systems, safeguarding data integrity and user privacy is more important than ever. Misuse or vulnerability in AI processing hardware can have serious implications.
    • Supply Chain Disruptions: Global chip shortages and reliance on a few key semiconductor foundries have exposed vulnerabilities in the supply chain. Geopolitical tensions further compound this risk.
    • High R&D and Manufacturing Costs: Developing next-gen AI chips demands significant capital and technical expertise. Startups may face high entry barriers due to the dominance of large corporations with established IP and fabrication capabilities.

    TABLE OF CONTENT

    1. AI Chip Market Overview
    1.1. Study Scope
    1.2. Market Estimation Years
    2. Executive Summary
    2.1. Market Snippet
    2.1.1. AI Chip Market Snippet by Product Type
    2.1.2. AI Chip Market Snippet by Technology
    2.1.3. AI Chip Market Snippet by Application
    2.1.4. AI Chip Market Snippet by Function
    2.1.5. AI Chip Market Snippet by End User
    2.1.6. AI Chip Market Snippet by Country
    2.1.7. AI Chip Market Snippet by Region
    2.2. Competitive Insights
    3. AI Chip Key Market Trends
    3.1. AI Chip Market Drivers
    3.1.1. Impact Analysis of Market Drivers
    3.2. AI Chip Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. AI Chip Market Opportunities
    3.4. AI Chip Market Future Trends
    4. AI Chip Industry Study
    4.1. PEST Analysis
    4.2. Porter’s Five Forces Analysis
    4.3. Growth Prospect Mapping
    4.4. Regulatory Framework Analysis ….

    Regional Outlook: Asia-Pacific Leads the Way

    The Asia-Pacific region dominates the global AI chip market and is projected to maintain its lead throughout the forecast period. Countries like China, South Korea, Taiwan, and Japan are investing heavily in AI education, R&D, and semiconductor infrastructure. The region also benefits from a strong electronics manufacturing ecosystem and rising demand for AI-enabled consumer and industrial products.

    North America, home to major AI and semiconductor companies, remains a critical hub for innovation. The region sees significant investment in cloud data centers, autonomous driving, and AI-driven healthcare systems.

    Europe is focusing on building ethically aligned and sustainable AI ecosystems. With a strong emphasis on regulations and cross-border collaboration, the region is shaping a trustworthy AI framework—favorable for long-term growth.

    Competitive Landscape: Innovation Fuels Competition

    The AI chip market is fiercely competitive, marked by rapid innovation, M&A activity, and strategic partnerships. Key players include:

    • Nvidia: Leading the GPU segment, with powerful AI platforms like the A100 and H100 chips.
    • Intel: Diversifying through acquisitions and offering a mix of CPUs, FPGAs, and specialized AI processors.
    • AMD: Gaining momentum with powerful multi-core GPU architectures for AI workloads.
    • Google: Driving cloud AI performance through its custom Tensor Processing Units (TPUs).
    • Apple: Integrating neural engines directly into its mobile chips for on-device intelligence.
    • Startups: Firms like Kneron, MYTHIC, and Graphcore are disrupting the market with domain-specific AI accelerators.

    Companies are steadily shifting to hybrid infrastructures that blend cloud and edge computing, emphasizing energy-efficient, scalable architectures seamlessly integrated with AI software ecosystems.

    The industry presents a high-growth opportunity driven by surging demand for hybrid AI infrastructure. Investors should focus on companies innovating in energy-efficient AI chipsets optimized for edge-cloud synergy. Priority targets include firms with robust AI software stack partnerships and IP portfolios in low-power, high-performance chips—especially in sectors like automotive, industrial automation, and next-gen robotics.

    Browse More Reports from AnalystView Market Insights: 

    Textile Recycling Market

    Medical Nonwoven Disposables Market

    High-End Synthetic Suede Market

    Bispecific Antibodies Market

    Activated Carbon Fiber Market

    The MIL Network

  • MIL-OSI United Kingdom: Martyn Oliver’s speech at the Festival of Education

    Source: United Kingdom – Executive Government & Departments

    Speech

    Martyn Oliver’s speech at the Festival of Education

    Sir Martyn Oliver, Ofsted’s Chief Inspector, spoke at the 2025 Festival of Education.

    Optimism, inclusion and Ian Dury

    Good morning, everybody. I’m delighted to be here at the festival of education; to be here in the beautiful grounds of Wellington school; here in the sunshine.

    And that’s apt because I’m hoping in the time we have together this morning we can let a little sunshine in. We can talk a bit about optimism. I want us to think about why we do what we do as educators, as people who work in this field: in many cases, as people who have dedicated their working lives to improving the life chances and prospects of a younger generation.

    I thought I’d open my speech this morning with a cliché. And I thought I’d try and find out who coined that cliché and how far back it goes. But there is no clarity about who first said, ‘school days are the best days of your life’. So, as we all do, I asked AI for the answer – and I know a lot of the discussions over the next couple of days are going to be dominated by the march of AI.

    The AI summary told me that ‘the phrase doesn’t have a clear single origin or a specific person who first said it’. It went on: “one early reference comes from a 1910 song titled School Days by Will D. Cobb and Gus Edwards which includes the line school days, school days, dear old golden rule days. While not an exact match it captures the nostalgic view of school days as a cherished time.”

    So, no answer then.

    Like all cliches, this one has survived because it works – because it’s true, at least for many of us (though not all, and I’ll return to this later). It alludes to the idea of a more carefree time, of friendships built in the playground, of growing confidence, moments of satisfaction, of joy – reasons to be cheerful to quote Ian Dury. That’s why we say it.

    I’m starting with that cliché because I want to strike an optimistic note this morning – which is not always a natural position for people in our profession to adopt. Things are always tough in education; there are always challenges to overcome. There are new expectations put on all of us – and it’s not lost on me that you’re waiting to read about Ofsted’s revised inspection model in September. There’s never enough money to go around. Doing ‘more with less’ is another cliché – as old as it is tiresome – but still a reality that we need to accommodate.

    But even so, I still believe there are plenty of reasons to be cheerful and reasons to be optimistic. And those reasons are rooted in schools. These transformative institutions that have shaped lives for centuries and will, I hope, shape them for centuries to come.

    However hard bitten and cynical we may have become over the years, most of us can look back to our school days and agree that they were, at least some of the happiest days of our lives.

    Schooling shapes lives

    I want to talk a little bit about what school meant for me.

    I’ll do my best to do this without the aid of rose-tinted spectacles. I shan’t be skipping through the daisies of my mind as it were. There’s a lot that wasn’t great about my school days. The quality of teaching and the quality of the curriculum I was taught was not good enough – and I think that was something that an awful lot of schools in the 1970s and 80s had in common. Standards were not high, and aspiration was not always encouraged.

    But, as with many of us, I had stand-out, individual teachers – people who I really connected with and who helped shape my life. People like my art teacher, Mrs Scarsbrick – she had a wonderful skill for painting and drawing landscapes. I remember that watercolour paintings of trees was her particular talent, whilst I was already increasingly focusing on portraiture, which I later went on to study.

    Then Mr Senior, the English teacher who inspired me from the first lesson at the beginning of secondary school. That very first lesson in September started with a brand new, hardback book: Steinbeck’s Of Mice and Men. We spent the first 10 minutes being instructed on how to loosen the binding and prevent cracking the spine. I also remember being devastated when he took a secondment to the USA when I was in Year 4/5 (Year 10/11 now): I took GCSEs in their first year of use and can recall even now that some teachers were totally lost in the new specification – so losing my trusted English tutor at this crucial time was especially difficult.

    And there was Mr Ashton, the PE teacher who arranged for me to go training 3 lunchtimes a week – running the well-known, and often well-hated, cross-country course with his staff, as I was a budding cross-country runner. 

    Each of these experiences recall relationships. Relationships with teachers – teachers who went above and beyond, teachers who I placed trust in and who I knew had my best interests at heart. They didn’t just inspire in art, English and PE, they inspired my interest in education, in teaching itself.

    And school had another function for me. It was the place I built friendships.

    I was extremely ill from the age of 2 to 12 (the crucial years to get the best start in life) and whilst my school attendance was good, the powerful drug I was on had clear side effects for me which affected my concentration. The drug relied on sedation – ideal in helping me be well, but not at all good for educational purposes! 

    I undoubtedly would have had an EHCP had such things existed then. Instead, I had a few stand-out teachers who cared for me as an individual and I had an army of excellent friends. The benefit of living on a new housing estate meant that many families moved onto the estate at the same time and I had dozens of peers who lived on the same street, let alone the same estate, who I could rely upon to help me.

    Generational shifts

    A lot has changed over the years in our schools. The quality of education has most definitely changed for the better. There are lots of reasons for that – including better training and development for teachers – the greater professionalisation of the sector in general. And you would expect me to make an argument that the introduction of Ofsted 30-odd years ago had a real impact in improving consistency in education and driving improvements.

    But alongside rising standards, schools have also changed to fit the needs and expectations of each generation. They’ve evolved alongside society. They have adapted to new qualifications, crafted new curriculums, embraced new subjects. Perhaps more than anything else, schools have responded to the advance of new technology.

    In my school days technology in the classroom was generally limited to that moment when the teacher would wheel out the big telly to play us a video – hugely exciting at the time of course. (The debate then was Betamax or VHS, what’s the equivalent debate now? Is it perhaps, generative or predictive AI?)

    But as computers made their way into schools, there was a more profound change. And that became seismic when the computers were no longer confined to the corners of classrooms and moved into our pockets. Their influence is everywhere and drives the debates and disagreements over the place of technology in learning.

    Artificial intelligence

    Right now, that debate is focused on artificial intelligence. It dominates the discourse in the media, and at events like this one. It’s a big topic of conversation at Ofsted and within government more widely.

    We’ve recently published a piece of research commissioned by the DfE which looks at early AI adopters in education. The research found that AI is beginning to have real benefits in terms of staff workload – particularly in areas like lesson planning; and that leaders are clear that they are prioritising safe, ethical and responsible uses of AI. So no robot teachers yet!

    It seems that there is always a commentator keen to tell us how AI will either transform learning or destroy it; how it presents an existential challenge to the traditional approach to education that we’ve all grown up with.

    But I would mount a defence of the traditional approach. Right now, many children live much of their lives online. Socially, they are never ‘off’ and always in touch with their friends. And they increasingly receive life lessons from influencers or AI– generated summaries. I would argue that the place of learning, real learning, classroom learning – with human interactions – has never been more important.

    Young people are growing up in an increasingly curated world in which their favoured influencers or corporate algorithms can have a disproportionate impression on their views and opinions. It’s more important than ever that young people are able to lift their eyes from the screen and connect with their teachers, in person.

    They need broad, balanced, considered and above all challenging information to help them learn and to help them grow. Being an art teacher, it was never lost on me that drawing makes you look harder at the world around you, it greatly increases your attention. It seems to me that many technologies now do the exact opposite and actively seek to give short-term, instant gratification.

    Not far short of 4 hundred years ago, John Milton wrote that he couldn’t ‘praise a cloistered and fugitive virtue, unexercised and unbreathed, that never sallies out and sees her adversary.’ He was arguing in favour of freedom of speech – ironically one of the great supposed touchstones for today’s keyboard warriors. Except, of course, they generally mean freedom of speech only for those that agree with them. In fact, in Areopagitica, Milton highlights the idea that true virtue is developed through experience and engagement with challenges, not through avoidance or seclusion.

    In a way there’s something cloistered about living one’s life in a curated online environment. You may be able to find ‘the best that has been thought or said’ if you go looking for it. But who’s guiding you through it? Where’s the human connection? And of course, where’s the protection?

    Community, relationships and learning

    Schools have never just been places of learning. They were, and are places of safety, even refuge. Places of community and connection. Places of friendship and humanity. They are citadels of childhood: communities within communities looking after their own and helping children develop into well-rounded adults – capable of looking after others in turn.

    Human relationships lie at the heart of every school’s success. And I’ve said ‘schools’ today, as they are the great universal service. But of course, those relationships begin for many in nurseries and continue on into further or higher education. Human connection is what makes education tick. And that is particularly true for more vulnerable children – those who need a little more attention paid to their wellbeing, alongside their education.

    Of course, schools have statutory roles to play. Safeguarding is an absolutely fundamental part of what we look at on inspection. Its principles are described over nearly 200 pages of guidance in Keeping Children Safe in Education. Safeguarding is something that all of us involved in education prioritise perhaps above everything else – and it’s a human process, not paperwork. People working together to safeguard children. Nothing infuriates me more than glib commentary about schools falling short on inspection because of duff paperwork – or schools pulling the wool over inspectors’ eyes because their paperwork is on point.

    Any of us here who have worked in schools understand that safeguarding starts with relationships. Good teachers, good head teachers know their pupils. They know which children are having a tough time in their life. They know which children are experiencing vulnerability for one reason or another. Perhaps it’s part of their life story – they are a child in care, or a child with special educational needs, or a child growing up in poverty. But really great teachers understand too that children will experience short-term difficulties – because childhood is full of challenges. Well-being issues, mental health issues, family issues, financial issues. It’s the ebb and flow of growing up for so many children and the really great schools get that.

    When I was head teacher of a secondary school with 2,200 pupils, those personal relationships were clearly difficult, but I always made it my priority to support those who needed us most, no matter how busy I might be – and that always involved working with parents and carers, as well as the pupil. I also understood, from my own personal experience, that children form relationships with those they trust – their art, English or PE teacher, in my case.

    Schools provide a safe, protective environment. To continue with my ‘citadels of childhood’ metaphor: they have walls, and they have watchers on those walls. But it’s within the walls where lives are changed. Where sparks of interest are fanned into flames and children can discover talents, they weren’t aware of, and passions that take them by surprise. They are taught the knowledge and skills that they need for life – but also the subjects that bring them joy.

    Cynics sometimes decry the norms of education. Exams are ‘gradgrindian’ in their eyes, the 3 R’s are no longer preparing children for the ‘jobs of tomorrow’. And Ofsted are accused of being enforcers for this ‘out-of-date’, ‘joyless’ system – forcing schools to jump through these hoops.

    Well let me tell you how it looks from where I’m standing. For Ofsted, teaching a full, rich range of subjects isn’t just a nice to have, it’s fundamental to a great education. Music and art and sports aren’t add-ons to the core curriculum, they are some of the most important subjects to study, in terms of developing a child’s awareness of the world around them. And in a more macro sense, feeding into the cultural evolution of our country and pushing civilization on.

    It often surprises people when I say that I started out as an art teacher, in 1995. Art was my passion then and it’s still my passion now. When I have the time I love to paint. I find that it forces me to slow down and deeply observe the world around me. But I too feel that temptation to pick up my smartphone and check my emails far too often, breaking the observational trance-like state. I can only imagine how difficult and tempting this is for children.

    Opening doors

    Of course, learning about art means learning about perspective.

    That’s a good thing in the context of mental health and well-being – such hot topics, sadly, at the moment. But if you think about the influence of art on human history – its central role in the Renaissance, or the influence of perspective on the Age of Discovery – art has been a driver of exploration, of invention and pushing back the frontiers of human knowledge.

    It is also no surprise to an art historian that there is expression in breaking the established rules – that’s the essence of original creativity. So 500 years after the rules of perspective were established, the Cubists proved this point. Life evolves as we move with the times. Another favourite quote of mine is from Lampedusa’s, Il Gattopardo, “if we want things to stay as they are, things will have to change”. It’s quite a common refrain that children should be taught ‘creativity’ – but creativity relies upon a deep understanding of knowledge and facts; it comes from pushing at the limits of knowledge, and first you need to be taught where those limits are.

    Every subject we teach our children opens doors for them. So, the rounded classroom experience: a broad and rich curriculum, structured carefully by expert teachers and taught within a safe and welcoming environment, is fundamental to the intellectual growth of individuals and the development of society. Matthew Arnold’s quote still holds. ‘The best that has been thought and said’ still matters. And while an AI-enabled search engine can find the raw material, I wouldn’t want to entrust the teaching to the same machine – at least not without the art and skill of the teacher as a guide and storyteller.

    The classroom experience is based on human relationships and a sense of belonging. I spoke about the first priority for schools being the safety of children. Well, children feel safe when they know somebody cares. When they know that their teachers will show up and keep showing up day after day to make sure they’ve learned what they were taught yesterday and are ready to learn something new today. We can’t outsource human contact. Teachers are, and must always remain, the heart of education.

    And education is an exercise of the heart as much as it is of the head. It’s about support and care, as well as instruction. They go hand in hand. Which brings me on to inclusion.

    Inclusion

    As you’ll all be aware Ofsted will publish the full details of our revised education inspection framework in early September. We’re taking time to analyse and consider all of the feedback we were given in the public consultation this spring. There will be some changes from the proposals we published back in February. But I don’t think I’m jumping the gun to say that inclusion will remain a central tenet – perhaps the central tenet in our new approach.

    And I hope the reason for that is obvious. It’s my north star. Inclusion is both my guiding principle and the fire in my belly. That was true as a teacher, as a head of sixth form, as a head teacher, as a multi-academy trust leader. It’s true now for me as His Majesty’s Chief Inspector.

    Those of you who have spent far more time than is healthy listening to or reading about the things that I’ve said since taking on the job, will have heard me talk about vulnerable and disadvantaged children. Asserting repeatedly that if schools get it right for the most vulnerable and disadvantaged among their pupils, they will get it right for all of their pupils.

    I use that phrase time and time again because I happen to believe that it’s true. And I have been challenged on my assertion now and then. But I have never seen or heard of a school that looks after the interests of disadvantaged and vulnerable children perfectly well but lets down those pupils who aren’t grappling with some of life’s more obvious challenges.

    That’s because those schools get it. They know their children and they understand that the secret of success lies in the relationships that bind the school community together.

    A school that truly understands the needs of its pupils will do right by its most vulnerable children, by its most gifted students and by all those children in-between.

    As always when we at Ofsted talk about a concept – like inclusion – it sparks debate and it energises the commentators and consultants to try and unpick what we mean.

    It’s really about relationships. It’s about belonging and thriving. It doesn’t mean being soft on behaviour or attendance. It doesn’t mean taking a dim view of head teachers who find the need to suspend or exclude a child, either in the pupil’s best interests or the interests of their classmates.

    When we talk about schools as places where children can feel safe, to grow, develop and express themselves we mustn’t forget how stabilising it is to understand the rules and to know they will be applied consistently and fairly. In the words of that 1910 song again: “School days – dear old golden rule days.”

    No – inclusion is about making sure that all pupils feel that they belong – no matter their personal talents or aptitudes, or the barriers and obstacles they need to overcome to feel that sense of belonging.

    And it is about putting disadvantaged and vulnerable children at the heart of what you do – as they will be at the heart of what we do as an inspectorate.

    And just as the term ‘inclusion’ can be a little hard to pin down, it’s also not easy to define what we mean by vulnerable. I think we all instinctively have a better understanding of disadvantage. There are clearer definitions. I’m sure everybody here who works in a school will be aware of how many of their children attract pupil premium for example. I’m sure many of you could reel off names.

    The concept of vulnerability is a little looser. Statutory responsibilities point us to formal designations: children with SEND, children who are looked after by the state. It’s absolutely right that we all maintain a laser-like focus on those children. But what about others who are experiencing vulnerability?

    I recently met with groups of young carers. Listening to their experiences and perspectives was both interesting and humbling. They feel a bit forgotten. All too often they are not included in our headline definitions of vulnerable children. And yet they are vulnerable. They don’t have the care structures that so many of us took for granted during our own childhoods. Instead, they themselves are the care structures for the adults in their lives. That has a huge impact on the way they view themselves, the way they view their potential and the way they think about their future.

    This week we published a piece of work that we commissioned from the National Children’s Bureau. We asked the NCB to consider how we might better define vulnerability in the context of our work.

    Their report is entitled ‘from trait to state’ and the definition of vulnerability that it puts forward leans into the idea that children move into and out of various degrees of vulnerability throughout their childhood.

    This describes vulnerability less as an immutable trait and more of a fluid state. It’s an interesting, and a logical concept, speaking to the importance of relationships that I’ve addressed in my comments today. Of course, it doesn’t detract from the responsibility that we all have to the children with SEND, those in care and children supported through pupil premium funding.

    But I think this definition gives us more latitude to think about how life impacts on the well-being of children in different ways, at different times. And how we best address vulnerability within the safe and nurturing communities that we create.

    I remember a particularly vulnerable cohort of SEND students who my SENDCO was desperately worried about leaving school at 16. So, she worked with their families and offered a uniquely bespoke post-16 course which gave this group the time and support that they needed to prepare for the transition to further education and employment. My wonderful SENDCO knew the children and worked to influence the entire school’s post-16 provision to meet their needs…it wasn’t a case of insisting that those children meet the needs of the school!

    Aspiration and optimism

    Education should be aspirational. And it should be aspirational for every child. Not everyone can ace their exams and get into Oxbridge. Not everyone will want to. Not everyone will turn a passion for music into a career as a concert pianist. But everyone can aim to learn a little more, develop a new skill and improve themselves one step at a time.

    That is as true for children with SEND as it is for those without; it’s as true for the poorest children as it is for the wealthiest. That’s not to deny the existence of barriers, but rather to flag a determination to overcome them.

    And if we are aspirational for all children, it stands to reason that we should be aspirational for all schools. I nodded earlier to the influence of Ofsted over the last 3 decades. I do believe that inspection helps schools look at where and how they can improve. It doesn’t make the improvement happen – that’s down to brilliant teachers and brilliant leaders working within their school community. But done right inspection can provide some pointers in the right direction.

    I’ve repeatedly said that I want inspection to feel done with not done to. That’s not just a nice touchy-feely sentiment. I want inspection to mirror what goes on in the places we inspect. Education at its best is done with, not done to. The best schools – the citadels of childhood – are places of belonging, rooted in human relationships and a sense of shared endeavour. They are optimistic places.

    Optimism isn’t easy. Particularly at our age…and especially if we read the papers!

    But children are optimistic. It’s a natural state of mind when you’re young, with your life stretching ahead of you, enjoying the best years of your life.

    It’s so much easier to be pessimistic and cynical as you get older. Because they are learned behaviours. But they should never be taught ones.

    That’s on all of us.

    Thank you for all you do for children and learners – and thank you for listening.

    Updates to this page

    Published 3 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: expert reaction to Government’s 10 Year Health Plan

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on the Government’s 10 Year Health Plan. 

    Prof Siddharthan Chandran, Director the UK Dementia Research Institute, said:

    “This bold and visionary 10-year plan that embraces the digital-data revolution will position the UK to lead again in health innovation.

    “We particularly welcome the move toward a neighbourhood health service. We know from our research and our community of people with lived experience of dementia that this is what they wish to see. At the UK Dementia Research Institute, our researchers are working with the NHS to integrate ‘at home’ pioneering digital and AI tools and technology to allow people with dementia to live safely, well and in their own homes for longer with reduced need for hospitalisation.

    “As the UK’s national research institute for dementia and related neurodegenerative conditions, we are leading transformative research that will lay the ground for individualised prediction, prevention and brain protection to ensure healthy brain ageing for all.”

     

    Professor Steve Turner, RCPCH President, said:

    “The 10-Year Health Plan makes a bold and welcome commitment to transforming the NHS into a more accessible, community-focused service, and offers a vital opportunity to reimagine how we deliver care to children and families. I’m really pleased to see the Plan emphasise prevention, early intervention, and integrated care. Embedding paediatric expertise within neighbourhood health teams, alongside mental health professionals, health visitors, and community workers, could be transformative for children – especially those with complex or long-term conditions.

    “Fundamentally, the success of this plan will also depend on sustained investment in the paediatric workforce. Children’s needs are unique, and these new models of care must be underpinned by adequate staffing, training, and support for professionals working in community settings, alongside equitable funding between children’s and adult’s services.

    “We must jointly seize the opportunity to transform child health, and as such RCPCH now look forward to working closely with government and NHS leaders to deliver a robust implementation plan for child health and realise the government’s ambition to raise the healthiest generation of children ever.”

     

     

    *DHSC Press Release: https://www.gov.uk/government/news/pm-launches-new-era-for-nhs-with-easier-care-in-neighbourhoods

     

    Declared interests

    The nature of this story means everyone quoted above could be perceived to have a stake in it. As such, our policy is not to ask for interests to be declared – instead, they are implicit in each person’s affiliation.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Independent Review of Disclosure and Fraud Offences Part 2: updates

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Independent Review of Disclosure and Fraud Offences Part 2: updates

    Updates on the work and progress of part 2 of the Independent Review of Disclosure and Fraud Offences.

    Documents

    Details

    Updates from Jonathan Fisher KC, Chair of the Independent Review of Disclosure and Fraud Offences.

    Updates to this page

    Published 3 July 2025

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  • MIL-OSI United Kingdom: Views sought on proposals for protecting Scotland’s environment

    Source: Scottish Government

    Draft plan to tackle nature loss, climate change and pollution

    Members of the public are being asked to have their say on proposals aimed at boosting the health, prosperity and wellbeing of communities by improving Scotland’s environment.

    The draft Environment Strategy sets out the opportunities for strengthening Scotland’s economy and improving people’s lives as a result of restoring and regenerating biodiversity, cutting levels of pollution and waste, supporting national net zero targets and improving Scotland’s environmental impact on countries across the world.

    It includes key government actions which aim to support green jobs and industries, tackle poverty and promote social justice including:

    • the transition to a circular economy through the reuse and repurposing of materials
    • increasing renewable energy generation in Scotland and supporting industrial decarbonisation with independent scenarios from Ernst and Young (EY), showing that with the right support, Scotland’s low carbon and renewable energy sector could support nearly 80,000 jobs by 2050
    • projects to restore nature – including those supported through the Nature Restoration Fund – which are also improving people’s physical and mental wellbeing by providing greater access to nature

    Cabinet Secretary for Climate Action and Energy Gillian Martin said: “This draft Environment Strategy sets out ways in which Government action will help tackle the nature crisis, as well as reduce pollution and support our net zero targets.

    “These issues are interlinked, and by tackling them together we can protect our planet in ways that improve people’s health and wellbeing, reduce inequalities, and create new opportunities for business and investment.

    “We have already made significant progress in improving Scotland’s environment. We have cut pollution levels by banning a number of the most problematic single-use plastic products and introduced Low Emission Zones.

    “Scotland’s energy grid is also greener, thanks to the increase in the amount of renewable energy we now generate, we are more than halfway to reaching net zero by 2045, and our forthcoming Natural Environment Bill will introduce new statutory targets for restoring nature. 

    “However there is still much more we can do – and it is vital we tackle these global crises in ways that create wider benefits for Scotland – supporting green jobs and industries, improving people’s health, tackling poverty and promoting social justice.

    “I urge everyone with an interest to have their say on the proposals.” 

    Deputy First Minister and Cabinet Secretary for Economy and Gaelic Kate Forbes said: “This draft Strategy shows how we can achieve both our environmental and our economic ambitions for Scotland, highlighting the business and investment opportunities that will flow as we move to a net zero, nature positive future.”

    Background

    The draft Environment Strategy will be open for public consultation until 25 September 2025

    Consultation on the draft Environment Strategy

    The draft Strategy fulfils Ministers’ obligation under section 47 of the UK Withdrawal from the EU (Continuity) (Scotland) Act 2021 to prepare, consult on and publish an environmental policy strategy. Section 47 of the Continuity Act also requires Scottish Ministers to have due regard to the strategy when making policies, including proposals for legislation.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Managing healthcare easy as online banking with revamped NHS App

    Source: United Kingdom – Government Statements

    Press release

    Managing healthcare easy as online banking with revamped NHS App

    NHS App to become complete digital front door to NHS, where patients book appointments, manage medicines, and view data

    • PM sets out how 10 Year Health Plan will bring NHS into 21st century to meet the needs of patients around the country
    • Patients to make self-referrals via App, connect with a clinician, link-up wearable tech, and gain free access to health apps
    • Plan for Change will rebuild NHS and see ground-breaking Single Patient Record finally in one place – viewable on App from 2028

    Patients will be able to access a range of healthcare services and advice at the touch of a button, Prime Minister Keir Starmer has set out today, as the Government’s Plan for Change drives forward fundamental reform to the NHS to make it easier and fairer for everyone to access the care they need.

    Launching the 10 Year Health Plan today – the government’s roadmap to rebuilding the health service to make it fit for the future – the PM set out how the App will act as a digital front door to the health service, overhauling how people get advice, manage appointments and interact with services to make their healthcare more convenient and more personalised.

    For the first time, patients will be able to book, move and cancel all their appointments on the App – ending the 8am scramble for a GP – and the App will use artificial intelligence to provide instant advice for patients who need non-urgent care, available 24/7.

    Through the plan, which has been published in Parliament today, patients will have quicker, better access to the right care. They will be able to self-refer on the App to mental health talking therapies, musculoskeletal services, podiatry, and audiology – freeing up GPs and new Neighbourhood Health Services to focus on providing direct care while dramatically slashing waiting lists for these services – delivering on the government’s Plan for Change promise to cut waiting lists.

    Accessing healthcare will be quicker than ever thanks to expanded features on the app. People will be able to manage their medicines and book vaccines from their phone, connect with a clinician for a remote consultation, and even leave a question for a specialist to answer without making an appointment. Patients simply being able to book an appointment digitally rather than today’s convoluted process will save the NHS £200 million over 3 years.

    For parents, the new App will deliver a 21st century alternative to the ‘red book’, ensuring that their children’s medical records are available to them in their pocket, so they do not have to carry their red books to every appointment. It will also provide advice and support throughout childhood, offering guidance on weaning and healthy habits. Over time, it will record feeding times, monitor sleep, and use AI analytics to understand the best way to care for children when they are unwell.

    The changes will build on the progress Government has already made to increase the number of hospitals allowing patients to view appointment information on the app. Almost 12 million fewer paper letters have been sent by hospitals since July 2024. Forecasts for this year show the use of in-app notifications for planned care will prevent the need for 15.7 million SMS messages.

    Prime Minister Keir Starmer said:

    For far too long, the NHS has been stuck in the past, reliant on letters, lengthy phone queues and even fax machines.

    But that doesn’t match the reality of our daily lives, where everything from shopping and banking to entertainment and travel can be sorted with the touch of a button from our phones.

    To rebuild our NHS, we have to make sure it reflects the society it serves. That’s why our 10 Year Health Plan will bring it into the digital age by opening up fairer and more convenient access to healthcare. Through our new App – a digital front door for your care – parents will be able to keep track of their children’s health through an online ‘red book’ fit for the 21st century, and we will put a stop to patients having to endlessly repeat their medical history thanks to a single patient record.

    Our Plan for Change promised to make our NHS fit for the future and that’s what we are getting on with delivering – fixing the foundations of our health service and making sure it will be there to look after us for decades to come.

    This is one major arm of the technological innovation at the heart of the 10 Year Health Plan launched today, which also includes introducing the single patient record, rolling out AI scribes to take notes for clinicians, using Generative AI to create the first draft of care plans, and introducing single sign-on for NHS software.

    The government’s 10 Year Health Plan sets out the fundamental reforms we will deliver to address the challenges facing the health service in the face of inherited underinvestment and neglect and the evolving needs of a modern society.

    Speaking at the launch of the plan today, the PM set out how the plan will deliver three key shifts to make the NHS fit for the future: hospital to community; analogue to digital; and sickness to prevention. Through fundamental reforms to rewire the NHS around these shifts, the plan will deliver the government’s pledge to cut waiting lists, improve healthcare for everyone wherever they live, and ensure the NHS is equipped to look after us for decades to come.

    This historic transformation will fundamentally change the future of healthcare, and it will be underpinned by a new Single Patient Record. This will finally bring together all of a patient’s medical records into one place, so patients do not have to repeat their medical history to each clinician they see. The Single Patient Record will make sure patients get seamless care no matter who they are being treated by in the NHS.

    Two-thirds of outpatient appointments – which currently cost in total £14 billion a year – will be replaced by automated information, digital advice, direct input from specialists and patient-initiated follow ups via the NHS App.

    Health and Social Care Secretary Wes Streeting said:

    The NHS App will become a doctor in your pocket, bringing our health service into the 21st century.

    Patients who can afford to pay for private healthcare can get instant advice, remote consultations with a doctor, and choose where and when their appointments will be. Our reforms will bring those services to every patient, regardless of their ability to pay.

    The 10 Year Health Plan will keep every patient fully informed of their healthcare and make using the NHS as easy and convenient as doing your banking or shopping online. It will deliver a fundamental shift in the way people access their care – from analogue to digital.

    A new Single Patient Record will bring an end to the frustration of repeating your medical history to different doctors. Instead, health and care professionals will have your record in one, handy place, so they can give you the best possible care.

    Through our Plan for Change, this Government is shifting care to digital and delivering an NHS which is truly fit for the future.

    The Government will make the Single Patient Record possible through new legislation that places a duty on every health and care provider to make the information they record about a patient, available in the Single Patient Record. 

    We will also legislate to give patients access to their record by default. From 2028, patients will be able to view it, securely, on the NHS App. Over time, that data will include not only medical records, but a personalised account of health risk, drawing from lifestyle, demographic and genomic data – helping catch problems early before they develop, and prevent people from poor health.

    The Single Patient Record is designed as National Critical Infrastructure. This means it will be built and maintained to meet the highest levels of security, equivalent to those used for the UK’s most vital systems, such as energy and transport networks. Health and care professionals treating and caring for a patient will have secure access to their record; patients can control who else they share it with and will have a robust audit trail of who has accessed their record.

    Sir Jim Mackey, Chief Executive at NHS England, said:

    The NHS App will be at the heart of the tech transformation we’re planning for the NHS to give people much more ownership of their healthcare – all from wherever they are at the tap of a screen. 

    Millions of us already have the app downloaded on our phones and the improvements we’re introducing as part of the 10 Year Health Plan, from booking appointments and speaking to clinicians online to seeing all your medical records in one place, will make the NHS App the digital front door to the NHS.

    A My Health tool will include real-time data from wearables, biometric sensors, or smart devices and will connect to relevant NHS data too – whether that is the results of recent tests at home or in a neighbourhood health centre. Wearables will be able to feed vital data into the App such as step count, heart rate and sleep quality, to provide tailored, personal health advice. The single patient record will have robust security controls.

    And a new My NHS GP tool will harness AI to direct people to the most appropriate and timely care they need. In some cases, it will advise on self-care – and help direct patients to well-evidenced consumer healthcare products. In others, it might direct to a community pharmacy, a neighbourhood health centre or to emergency care.

    Over the course of the plan, the features set to be developed through the NHS App will include the ability to:

    • My NHS GP – book a remote or face-to-face appointment, and receive personalised health advice using new AI tool
    • My Specialist – self-refer when clinically appropriate and leave a question for a specialist to answer
    • My Consult – connect with a clinician for a remote consultation
    • My Medicines – manage repeat prescriptions for delivery/collection and receive reminders
    • My Care – book and manage appointments, enrol in a clinical trial and access Single Patient Record
    • My Companion – get information about a health condition or procedure, and ask AI or a clinician a question
    • My Choices – find nearest pharmacy, the best providers, and leave feedback on services
    • My Vaccines – see when vaccines are up-to-date and book appointments to get them organised, and find travel vaccine info
    • My Health – bring data like blood pressure, heart rate, glucose levels together, and include real-time date from wearables or smart devices
    • My Children – a digitised red book, where parents can get advice and support for parents throughout childhood
    • My Carer – securely prove you are a carer, book appointments and talk to your loved one’s care team

    Caroline Abrahams, Charity Director at Age UK said: 

    It’s clear that technology is set to transform many aspects of our lives for the better over the next decade, including the delivery of healthcare and how we interact with the NHS.  

    The potential of the NHS App for example, is truly exciting, but we must also ensure that no one is left behind, including the many millions of older people who are not online and who often want and need to use more traditional means of communication, such as telephone and face to face.  

    The Government’s commitment to a digitally inclusive approach is really important in building public trust. It is also essential for the NHS’s promise of being equally accessible to continue to hold true in our increasingly digital world. The voluntary sector can certainly help by supporting people who are not digital natives and at Age UK we look forward to playing our part in this way.

    Julian David, CEO, techUK said: 

    We welcome today’s announcement as a landmark moment in the digital transformation of the NHS. The enhanced NHS App marks a bold step forward in putting citizens at the centre of their care, empowering patients with the same ease, accessibility, and control we expect from modern digital services. 

    Ongoing and meaningful engagement with the tech sector will be essential to delivering this transformation at scale. techUK will continue to work with government, NHS bodies, and our members to ensure this transformation is inclusive, secure, and future-ready.

    Boosting the App will not only benefit those managing their healthcare digitally but will also free up capacity in traditional healthcare routes and provide more access to care and appointments – freeing up phone lines so calls are answered on time and freeing up GPs’ capacity to offer face-to-face appointments.

    The government will aim to empower and upskill everyone to feel confident using the NHS App so that they can benefit from the additional access to services and the greater convenience the App will bring.

    The government will continue a partnership with libraries and other community organisations to set people up on the App, with show-and-tells to teach them how to use it and reap the benefits – this will be alongside ongoing work across government to improve access to technology and boost confidence among groups that have previously struggled.

    Children’s Commissioner Dame Rachel de Souza said: 

    The foundations for a healthy life are laid in childhood, so an ambition of creating the healthiest generation of children yet is an important step towards tackling the deep inequalities in their healthcare. 

    I have long called for a child’s ‘red book’ to be digitised, so this is a really welcome move. Taken with plans currently going through Parliament to develop a unique childhood identifier, will vastly improve how we protect and care for the most vulnerable children, with fewer in danger of falling through gaps in services. 

    Children tell me that when they need additional support, they want it in one place, so creating neighbourhood services that bring different professionals under one roof will make a practical difference in their lives, as will increasing access to GPs and dentists.

    Andrew Davies, Executive Director of Digital Health, Association of British HealthTech Industries (ABHI), said:  

    This transformation of the NHS App is an important milestone for healthcare delivery. A single, secure platform to access a range of services, digital tools and therapeutics, and connect devices will enable patients to more effectively engage with their care.  

    This plan showcases how HealthTech can drive a more efficient, personalised and accessible NHS, which in turn will free up time for clinicians to focus on care where it is needed most. Our members look forward to working with the NHS and Government to ensure these digital tools are implemented successfully and deliver meaningful benefits for patients across the country.

    Rachel Power, Chief Executive, the Patients Association said: 

    We welcome the government’s ambition to expand the NHS App as a central part of the 10 Year Health Plan. It could deliver the fundamental change patients have asked for in their interactions with the NHS, including the ability to manage their appointments, self-refer to vital services, and, in three years’ time, be able to view their health records through the Single Patient Record.  

    Our work with patients shows that those using the app often feel more in control and more satisfied with their care. But with nearly one in four still facing barriers to digital access, we must ensure that innovation doesn’t come at the cost of inclusion. If the NHS App is to become the digital front door, there must always be a real-world, accessible front door as well, with face-to-face or telephone options in place for those who need or want them. True progress means making the system work for everyone.

    Professor Habib Naqvi, chief executive of the NHS Race and Health Observatory, said: 

    We need a more focused and systematic approach to tackling health inequalities and addressing unacceptable variation in healthcare amongst our communities. A key enabler for this endeavour is digital tools. The transformation of the NHS App has the potential to lead to a more efficient, agile, and technologically enabled NHS – an NHS that will deliver care quicker and closer to where people live. The App will empower people and transform the way the public receives healthcare and engages with NHS services. The Observatory will help ensure this shift, in the way healthcare is provided, benefits all communities equitable.

    Jacob Lant, Chief Executive of National Voices said: 

    Technology is moving at a blistering pace, and quite simply the NHS has failed to keep up. So, the increased emphasis on the App and other digital services is welcome, especially where it can help the NHS meet expectations that have become common place in other sectors.  

    Critically the Plan recognises there will always be patients with more complex needs and commits to using the resource freed up by digital innovations to continue offering more traditional forms of access to those who need it.” 

    Richard Stubbs, Chair of the Health Innovation Network said:  

    It is right that the 10 Year Health Plan will establish the digital and data foundations of the NHS to realise the potential of health innovation in empowering patients, better supporting the NHS workforce and driving economic growth in every community.  

    The Health Innovation welcomes the focus on AI, expansion of the NHS App and the commitment to a single patient record, all of which will involve innovation partnerships to deliver change to local services, that will have a national impact. 

    The 15 health innovation networks across England, look ahead to operationalising these plans and working with our partners to find, test and implement at scale innovations that improve patient outcomes, increased NHS productivity and reduce waiting lists, while delivering economic growth. If we get this right we will not only greatly increase outcomes and satisfaction for our patients, but we will also boost our essential life sciences sector and, as our Defining the Size of the Health Innovation Prize report found, add up to £278bn a year to the UK economy.

    Updates to this page

    Published 3 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Council praised for helping to build strong communities in Stoke-on-Trent

    Source: City of Stoke-on-Trent

    Published: Thursday, 3rd July 2025

    Council and community leaders have outlined the key challenges and opportunities facing neighbourhoods in Stoke-on-Trent – just weeks after the city was awarded up to £20m ‘trailblazer’ funding.

    On Friday 27 June, Baroness Hilary Armstrong – who chairs the Independent Commission on Neighbourhoods (ICON) which is reviewing the current state of neighbourhoods across England – visited the city to find out more about the issues facing neighbourhoods in Stoke-on-Trent and learn about future regeneration opportunities.

    Baroness Armstrong’s visit comes just weeks after Bentilee and Ubberley was chosen as one of only 25 trailblazer neighbourhoods across the UK. Announced as part of the government’s Comprehensive Spending Review, the area will receive up to £20 million to transform the area through community-led regeneration projects.

    During her visit to the city, Baroness Armstrong stopped off at St John’s Church in Abbey Hulton where she observed a Stay and Play session hosted by Thrive at Five.

    She also visited St John’s Day Service, run by the council’s Adult Social Care and All Age Commissioning service, which supports adults with learning disabilities with activities including cookery, gardening, health, education and digital skills.

    The Baroness was later joined by stakeholders and community leaders for a roundtable discussion at Bentilee Neighbourhood Centre where she met members of community groups which are actively working to improve the lives and opportunities for residents in Stoke-on-Trent.

    She finished off the day at The Portland Inn Project, in Hanley, learning about their plans to transform a former pub into a new community hub.

    Baroness Armstrong said: “It was a real pleasure to visit Stoke-on-Trent last week, meeting local community organisations, public service leaders and elected representatives. 

    “I saw first-hand how the council and grassroots organisations are building strong communities and enriching neighbourhoods. 

    The path to national renewal lies in neighbourhood renewal. I hope Ministers will closely examine the lessons from community-led regeneration, in Stoke-on-Trent and across the country.” 

    Councillor Jane Ashworth, leader of Stoke-on-Trent City Council, said: “It was a privilege to welcome Baroness Armstrong to Stoke-on-Trent and to be able to sit down with her and discuss the challenges and opportunities facing our local communities.

    “We were pleased to be able to showcase community in action at our Stay and Play session and be able to introduce her to community organisations which are leading the way when it comes to improving opportunities for local residents and families, particularly those in left behind neighbourhoods.

    “We are committed to continuing those efforts with the government funding we have received. We want to empower residents to improve and enhance the places where they live and work.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Ministers allocate £1.5 million from dormant bank accounts to charitable organisations03 July 2025 The Chief Minister and Minister for External Relations have made the first of three annual allocations of £1. 5 million from the Jersey Reclaim Fund which will be distributed to local charitable and… Read more

    Source: Channel Islands – Jersey

    03 July 2025

    The Chief Minister and Minister for External Relations have made the first of three annual allocations of £1.5 million from the Jersey Reclaim Fund which will be distributed to local charitable and voluntary organisations. 

    In October last year the Ministers announced their intention to provide a three-year funding package of at least £4.5m for 2025 – 2027 to provide sustained support to charities and voluntary organisations. 

    Established in 2017, the Jersey Reclaim Fund is administered by the government and consists of balances in dormant bank accounts in Jersey where contact has been lost with the customer for more than 15 years. 

    The funds will be allocated by the Jersey Community Foundation. In addition to supporting the community, charities can apply to use part of their grants to sustain or strengthen the resilience and sustainability of their organisation. 

    The Minister for External Relations, Deputy Ian Gorst, who has responsibility for financial services, said: “This allocation from the Jersey Reclaim Fund marks the beginning of a new phase of long-term support for our charitable and voluntary sector. By providing funding over the next three years, we are giving organisations the certainty they need to plan ahead, and also to invest in their own resilience in order to serve our Island community. I’d like to thank Jersey’s financial institutions for continuing to work with the Fund, and the Jersey Community Foundation for their crucial role in making sure these grants reach the organisations and recipients that need them most.”

    The 2025 funding will be allocated over two grant rounds, and decisions on the first round of funding have been approved, with successful applicants to be notified this week. A second round of funding will take place in the autumn. The wide range of applications received from diverse organisations highlights both the vital work of Jersey’s charitable sector and the clear need for this funding at this time. 

    Anna Terry, CEO of the Jersey Community Foundation, said: “We’re delighted that the Government of Jersey has not only allocated £1.5 million from dormant bank accounts to the Jersey Community Foundation this year, but also committed to a three-year partnership. This long-term support enables us to offer multi-year grants, giving charitable organisations the stability they need to plan and deliver lasting impact. We’re incredibly grateful for the government’s trust in us to manage and distribute these funds, and we look forward to continuing to support the vital work being done across the Island.” 

    For information on how to apply for a grant, visit: Jersey Community Foundation​.​

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Draft Island Transport Plan set to be discussed 3 July 2025 Draft Island Transport Plan set to be discussed

    Source: Aisle of Wight

    A new long-term transport strategy for the Isle of Wight is set to be discussed by councillors at County Hall next week.

    The draft Island Transport Plan (ITP), which outlines the Island’s transport priorities from 2025 to 2040, will be considered by the Isle of Wight Council’s Economy, Regeneration, Transport, and Infrastructure Committee.

    The plan is part of a national requirement for Local Transport Authorities to have a Local Transport Plan in place.

    The ITP sets out a vision for a transport network that supports economic growth, reduces environmental impact, and improves access and safety for residents and visitors.

    It includes objectives such as supporting local economic growth, improving air quality and travel efficiency, and making transport more inclusive and affordable.

    The plan also highlights the importance of adapting to climate change and supporting healthier communities through safer and more sustainable travel options.

    Among the proposals are improvements to rural bus shelters, simplified ticketing across different modes of transport, and the rollout of real-time information across the network.

    The plan also supports enhancements at ferry terminals and the expansion of electric vehicle charging infrastructure.

    The council has already secured £13.6 million in Levelling Up funding for walking, cycling, and public transport improvements, and £2.1 million from the Department for Transport’s Safer Roads Fund for the A3056 between Newport and Lake.

    Public consultation on the draft plan is expected to begin in September, with events planned across the Island to gather feedback.

    The final version of the plan is due to be published in early 2026, following consideration of public responses, and will be submitted to the Department for Transport for approval.

    The committee will meet at 5pm on Thursday, July 10. Members of the public are welcome to attend in person or follow the meeting live online.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Re-apply for your Postal Vote before 31 January 2026

    Source: City of Norwich

    Published on Thursday, 3rd July 2025

    Norwich City Council is urging all 23,500 affected postal voters to re-apply for their postal vote before the deadline of 31 January 2026, following changes introduced by the Elections Act 2022.

    What’s changing?

    If you were granted a postal vote before 31 October 2023, your current arrangement will expire on 31 January 2026. To continue voting by post in future elections, you must re-apply.

    Why do I need to re-apply?

    The Elections Act 2022 introduced new rules requiring postal voters to re-apply every three years. This change is designed to keep the electoral register up to date and secure.

    How to re-apply

    Re-applying is quick, easy, and secure:

    Apply online at gov.uk/apply-postal-vote
    Deadline: 31 January 2026

    If you don’t re-apply, your postal vote will expire, and you’ll need to vote in person or apply again later.

    If you do not wish to re-apply online, or if we do not hold an email address for you, we will contact you by post in August and supply a paper application form for you to return.

    Spread the word

    If you work with or support someone who may be affected, please help them check their status and re-apply in time.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Annual Diwali event to change due to crowd safety concerns

    Source: City of Leicester

    LEICESTER’S Golden Mile will continue to be the focus for Diwali Day celebrations, but with major changes to the annual event due to crowd safety fears.

    Serious concerns about public safety at the popular event have been raised by the Diwali safety advisory group due to the massive crowd numbers the event has attracted in recent years.

    The group – which includes event and safety experts from the city council, representatives from Leicestershire Police, NHS Leicester, Leicestershire and Rutland ICB, East Midlands Ambulance Service, Leicestershire Fire and Rescue and crowd security providers – has warned that the current location is no longer fit for purpose, and urgent action needs to be taken.

    Several meetings have since been held by the safety advisory group to consider a range of options, including relocating the popular event to Abbey Park or the city centre, extending it onto Belgrave Circle or moving it onto Melton Road.

    Following council engagement with Belgrave businesses and local community representatives, the decision has now been taken to enable Diwali Day celebrations on Belgrave Road, where it has been held for more than 40 years.

    However, major changes to the popular event will be required to ensure it can be held safely.

    Belgrave Road will be closed to all traffic for the evening of Diwali Day to allow families and friends to celebrate safely together and enjoy the atmosphere, shops and restaurants of the Golden Mile.

    Festive illuminations featuring more than 6,000 lights will continue to be installed along Belgrave Road during Diwali. The popular Wheel of Light will also return.

    There will be no stage entertainment or firework display at this year’s event. And Cossington Street Recreation Ground will no longer feature as part of the festivities.

    These measures need to be taken to avoid potentially dangerous crowd massing that has been observed at the event in the last two years.

    The city council has committed to continue to work with the safety advisory group and local community representatives to see whether any further enhancements can be made that will not compromise public safety.

    The new approach was agreed at a meeting last night between the City Mayor Peter Soulsby, Cllr Vi Dempster, asst city mayor for culture, representatives from the Leicester Hindu Festival Council and Belgrave Business Association, and members of the local Jain and Sikh communities. Local ward councillors, council officers and safety advisory group members also attended.

    Graham Callister, the city council’s head of festivals, events and cultural policy said: “Diwali has been a real highlight of the city’s festival calendar and attracts thousands of people who come from far and wide to join in the celebrations on the Golden Mile.

    “However, we are now being advised by our emergency service partners and event security providers that we have reached the point where the growing crowds and sheer volume of people attending is causing significant concern about public safety.

    “Scaling back on event infrastructure and activity means there will be the additional space needed – and more importantly less congestion – to safely welcome the crowds that want to celebrate on Belgrave Road.”

    Cllr Vi Dempster said: “Unfortunately, Leicester’s annual Diwali festival has become a victim of its own success. We’re being strongly advised by our emergency service partners and crowd control experts that it cannot continue safely in its current format due to the unrestricted and growing crowd numbers that it attracts, and that’s a warning we must take extremely seriously.

    “We are absolutely determined that Diwali continues to be part of the city’s festive calendar. We also understand the depth of feeling to see it continue on the Golden Mile where it began over 40 years ago. To do that, we must ensure that it can take place safely. That must be paramount.”

    Over the last two years, record crowds have turned out for the city’s Diwali celebrations on Belgrave Road and Cossington Street recreation ground. Last year’s event saw estimated crowds of up to 50,000 people attending.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Annual Report celebrates Significant Progress in key priorities

    Source: City of Derby

    Derby City Council’s latest Annual Report will be presented to Cabinet on Wednesday 9 July, showcasing a year of achievements across the city’s five priority themes: Green, Growth, Resilient, Vibrant, and Working Smarter.

    The report, covering performance and delivery from April 2024 to March 2025, highlights key successes that are making Derby a more sustainable, prosperous, and vibrant place for our residents.

    We’ve made big strides in our commitment to become a better-connected, greener city. Our Transforming Cities programme has championed efficient and active travel, delivering new and renewed cycle pathways, traffic signals and carriageways. We’ve also upgraded 5,560 streetlights to energy-efficient LEDs, saving an estimated 329 tonnes of carbon emissions annually.

    Our green spaces continue to be high quality places for our residents to enjoy, with six city parks retaining the prestigious Green Flag status. Working with Derbyshire Wildlife Trust, we’ve also reintroduced cattle to three of our locations in the winter months to improve biodiversity and keep them in the best condition.

    The Growth theme has seen significant support for local businesses and the creation of future job opportunities. Aided by the UK Shared Prosperity Fund we have worked with partners to support 761 Derby businesses, while Council interventions have generated an impressive £30.7m of investment in the city.

    Investing in Derby’s future workforce is a priority, as demonstrated by the Derby Promise initiative. We’ve seen over 3,100 individuals enrolled in community and skills programme delivered by the Derby Adult Learning Service, continuing our focus on lifelong learning and raising aspirations and opportunities for our people of all ages in Derby.

    Looking ahead, we’re also actively collaborating with the Great British Railways Transition Team and the East Midland’s Mayor to develop a shared vision for a Derby Rail Campus, boosting the city’s vital rail sector.

    Over the past year, culture has been placed firmly at the heart of our increasingly vibrant city. Spring 2025 saw the opening of two major leisure and culture destinations: Vaillant Live and Derby Market Hall. The city also hosted a diverse mix of events, including St George’s Day and Festive Derby, and the record-breaking Darley Park Weekender, which generated over £1m for the local economy.

    Under the Resilient theme, the Council has focused on supporting residents to get on in life and ensuring the right care is available, at the right time. In 2024/25, some of our most vulnerable people were supported to remain in a place they call home. This includes 86.6% of adults with a Learning Disability, 91.6% of adults in contact with secondary mental health services, and 79.5% of older people within 91 days of being discharged from hospital following rehabilitation.

    Thanks to collaborative efforts with our partners, 45,000 visits were made to our Family Hubs, where a range of services are provided. This contributed to a reduction in the number of families assessed as ‘child in need’ and a decrease in the number of children in care.

    Councillor Nadine Peatfield, Leader of Derby City Council, said:

    2024/25 was a very busy period for our city, and we saw big strides made in our journey to make Derby a city we can all be proud of. While the hard work continues, this report shows that we are heading in the right direction.

    This is also a great opportunity to recognise the commitment and achievement of our colleagues in 2024/25. They continually go above and beyond to deliver the best outcomes for the people of Derby, despite the ongoing challenges facing local government. I want to place on record my thanks to them for all they have done and will continue to do as we press on into 2025/26.

    MIL OSI United Kingdom

  • Centre to convene all-party meeting on July 19 ahead of Monsoon Session

    Source: Government of India

    Source: Government of India (4)

    The Central government will convene an all-party meeting on July 19, ahead of the Monsoon Session 2025, said Union Parliamentary Affairs Minister Kiren Rijiju on Thursday.

    Rijiju said, “The central government called an all-party meeting on July 19 regarding the monsoon session of Parliament. The monsoon session of Parliament is starting from July 21 and will run till August 21.”

    The Monsoon Session of Parliament will be held from July 21 to August 21. There will be no Parliament sittings on August 13 and 14 due to Independence Day celebrations.

    Earlier in a post on X, Union Minister Kiren Rijiju wrote, “The Hon’ble President of India has approved the proposal of the Government to convene the Monsoon Session of Parliament from 21st July to 21st August, 2025. In view of the Independence Day celebrations, there will be no sittings on the 13th and 14th of August.”

    This comes amid the demand by Opposition leaders to convene a special session of Parliament upon the arrival of all-party delegations to discuss various issues, especially the developments that followed the ghastly Pahalgam terrorist attack.

    The upcoming Monsoon session will be the first Parliament session following Operation Sindoor, which was launched by India on May 7 in response to a terror attack in Jammu and Kashmir’s Pahalgam, which claimed 26 lives.

    The Budget session of Parliament began on January 31 this year. The Budget Session saw the passage of significant legislation, including Waqf Amendment Bill.

    Rijiju held a press conference after the end of the Budget Session, informing that the first part of the Budget Session yielded a total of 9 sittings of Lok Sabha and Rajya Sabha. In the second part of the Session, there were 17 sittings of both Houses. During the entire Budget Session, in total, there were 26 sittings.

    During the second part of the Session, Demands for Grants of individual Ministries of Railways, Jal Shakti and Agriculture & Farmers Welfare were discussed and voted in Lok Sabha. In the end the Demands for Grants of the remaining Ministries/ Departments were put to the Vote of the House on Friday, the 21st of March, 2025. The related Appropriation Bill was also introduced, considered and passed by Lok Sabha on 21.03.2025 itself.

    Appropriation Bills relating to Second and Final Batch of Supplementary Demands for Grants for the year 2024-25; Excess Demands for Grants for the year 2021-22 and Supplementary Demands for Grants of Manipur for the year 2024-25 and Demands for Grant on Account for the year 2025-26 in respect of the State of Manipur were also passed on 11.03.2025 in Lok Sabha.

    The Finance Bill, 2025 was passed by Lok Sabha on March 25.

    In the Rajya Sabha the working of the Ministries of Education, Railways, Health & Family Welfare and Home Affairs were discussed.

    (ANI)

  • MIL-OSI Russia: IMF Executive Board Completes the Fourth Review Under the Extended Fund Facility with Sri Lanka

    Source: IMF – News in Russian

    July 3, 2025

    • The IMF Executive Board completed the Fourth Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US$350 million) to support Sri Lanka’s economic policies and reforms.
    • Performance under the program has been generally strong with some implementation risks being addressed. Prior actions on restoring cost-recovery electricity pricing for the rest of 2025 and operationalizing automatic electricity tariff adjustment were met. All quantitative targets for end-March 2025, except the stock of expenditure arrears, were met. All structural benchmarks due by end-May 2025 were either met or implemented with delay. 2025Q2 inflation fell below the lower outer band of the Monetary Policy Consultation Clause largely due to energy prices. Debt restructuring is nearly complete.
    • The economic outlook remains positive. However, global trade policy uncertainties pose significant risks to Sri Lanka’s macroeconomic and social stability. If these shocks materialize, the authorities will work closely with staff to assess the impact and formulate policy responses within the contours of the program.

    Washington, DC: On July 1, 2025, the Executive Board of the International Monetary Fund (IMF) completed the Fourth review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR254 million (about US$350 million). This brings the total IMF financial support disbursed so far to SDR1.27 billion (about US$1.74 billion).[1]

    The EFF arrangement for Sri Lanka was approved by the Executive Board on March 20, 2023 (see Press Release No. 23/79) in an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion). The program supports Sri Lanka’s efforts to durably restore macroeconomic stability by (i) restoring fiscal and debt sustainability while protecting the vulnerable, (ii) safeguarding price and financial sector stability, (iii) rebuilding external buffers, (iv) strengthening governance and reducing corruption vulnerabilities, and (v) enhancing growth-oriented structural reforms.

    The Executive Board reviewed a report from the Managing Director on the inadvertent provision of inaccurate data by Sri Lanka on the ceiling of the central government’s stock of expenditure arrears. The under-reporting of the arrears stock identified through a detailed analysis of budget line appropriations gave rise to noncomplying purchases and a breach of Sri Lanka’s obligations under Article VIII, Section 5. The authorities have worked openly and closely with IMF staff to provide corrected data and have undertaken several corrective measures related to the clearing and reporting of arrears. They are also committed to improving reporting and data verification practices going forward in line with IMF technical assistance. Based on these actions, the Executive Board approved the authorities’ request for waivers of non-observance.

    The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    Following the Executive Board’s discussion, Mr. Kenji Okamura, Deputy Managing Director and Acting Chair, issued the following statement:

    “Sri Lanka’s performance under the Fund-supported arrangement is generally strong with some implementation risks being addressed. Reforms are bearing fruit, with economic growth strengthening, inflation remaining low, reserves accumulating, and fiscal revenues improving. The debt restructuring process is nearing completion. The economic outlook is positive, but downside risks have increased. In case shocks materialize, the authorities should work closely with the Fund to assess the impact and formulate policy responses within the contours of the program. Steadfast program implementation will be crucial.

    “Sustained revenue mobilization is critical to restoring fiscal sustainability and creating fiscal space. Strengthening tax exemption frameworks, boosting tax compliance, and enhancing public financial management to ensure effective arrears management are important. Further improving the coverage and targeting of social support to the vulnerable is also necessary. A smoother execution of capital spending within the fiscal envelope would help foster medium-term growth. The restoration of cost-recovery electricity pricing and the operationalization of automatic electricity tariffs adjustment are commendable and should be maintained to contain fiscal risks.

    “The progress to advance the restructuring of Sri Lanka’s debt is noteworthy. Timely finalization of bilateral agreements with remaining official and commercial creditors is a priority.

    “Monetary policy should continue to prioritize price stability, supported by sustained commitment to eliminate monetary financing and safeguard central bank independence. Greater exchange rate flexibility and gradually phasing out administrative balance of payments measures remain critical to rebuild external buffers and economic resilience.

    “Resolving non-performing loans, strengthening governance and oversight of state-owned banks, and improving the insolvency and resolution frameworks are important to revive credit growth and support private sector development.

    “Structural reforms are crucial to unlock Sri Lanka’s potential. The government should continue to implement governance reforms and advance trade-facilitation reforms to boost export growth and diversification.”

    Following the Executive Board’s discussion, Mr. Kenji Okamura, Deputy Managing Director and Acting Chair, issued the following statement:

    “The Executive Board of the International Monetary Fund (IMF) reviewed noncomplying purchases made by Sri Lanka under the 2023 Extended Arrangement under the Extended Fund Facility (“EFF”), as well as a breach of obligations under Article VIII, Section 5. The noncomplying purchases arose as a result of the provision of inaccurate information by the authorities on the stock of expenditure arrears at the first, second, and third reviews under the EFF.

    “The inaccuracies in information provided to the IMF were inadvertent and arose because of weaknesses in the timely reporting of arrears by line ministries to the Ministry of Finance, as well as a misunderstanding by the authorities of the definition of “arrears” under the Technical Memorandum of Understanding. 

    “The Executive Board positively considered the authorities’ corrective actions, the fact that arrears repayments will be accommodated within the existing fiscal envelope, and the authorities’ commitment to improving public financial management procedures in line with the new PFM law, to reduce the risk of accruing arrears or inaccurate reporting of information going forward. In view of the above, the Executive Board agreed to grant waivers for the nonobservances of the quantitative performance criterion that gave rise to the noncomplying purchases and decided not to require further action in connection with the breach of obligations under Article VIII, Section 5.”

    Sri Lanka: Selected Economic Indicators 2024-2030

                                                                  

     

    2024

     

    2025

    2026

    2027

    Est.

    Projections

               

    GDP and inflation (in percent)

               

    Real GDP

    5.0

    3.5

    3.1

    3.1

    Inflation (average) 1/

    1.2

    3.3

    5.2

    5.0

    Inflation (end-of-period) 1/

    -1.5

    8.9

    5.2

    5.0

    GDP Deflator growth

    3.8

    3.6

    5.3

    5.1

    Nominal GDP growth

    9.0

    7.1

    8.5

    8.4

     

    Savings and investment (in percent of GDP)

               

    National savings

    25.2

    21.8

    22.2

    22.9

      Government

    -3.2

    -2.0

    -0.8

    -0.1

      Private

    28.4

    23.8

    23.0

    23.0

    National investment

    27.0

    21.8

    22.1

    22.5

      Government

    5.0

    4.3

    4.5

    4.6

      Private

    21.9

    17.4

    17.6

    17.9

    Savings-Investment balance

    -1.8

    0.0

    0.1

    0.4

      Government

    -8.2

    -6.3

    -5.3

    -4.6

      Private

    6.4

    6.4

    5.4

    5.1

     

    Public finance (in percent of GDP)

               

    Revenue and grants

    13.7

    15.0

    15.2

    15.3

    Expenditure

    19.3

    20.5

    19.7

    19.2

    Primary balance

    2.2

    2.3

    2.3

    2.3

    Central government balance

    -5.6

    -5.4

    -4.5

    -3.9

    Central government gross financing needs

    21.9

    22.6

    19.6

    14.9

    Central government debt

    100.5

    105.1

    103.4

    100.2

    Public debt 2/

    105.2

    109.6

    107.4

    103.6

     

    Money and credit (percent change, end of period)

    Reserve money

    15.8

    6.5

    8.5

    8.4

    Broad money

    8.6

    6.5

    8.5

    8.4

    Domestic credit

    4.0

    4.5

    3.0

    3.8

    Credit to private sector

    10.7

    9.4

    9.2

    9.3

    Credit to private sector (adjusted for inflation)

    9.5

    6.1

    4.1

    4.3

    Credit to central government and public corporations

    -1.4

    0.0

    -3.3

    -2.5

     

    Balance of Payments (in millions of U.S. dollars)

    Exports

    12,772

    12,880

    13,490

    14,194

    Imports

    -18,828

    -21,363

    -22,447

    -23,578

    Current account balance

    1,746

    -48

    -77

    -439

    Current account balance (in percent of GDP)

    1.8

    0.0

    -0.1

    -0.4

    Current account balance net of interest (in percent of GDP)

    3.7

    2.1

    2.0

    1.7

    Export value growth (percent)

    7.2

    0.8

    4.7

    5.2

    Import value growth (percent)

    12.0

    13.5

    5.1

    5.0

               

    Gross official reserves (end of period)

               

    In millions of U.S. dollars

    6,122

    7,255

    9,273

    12,974

    In months of prospective imports of goods & services

    3.0

    3.3

    4.0

    5.4

    In percent of ARA composite metric

    50.5

    60.3

    75.5

    100.0

    Usable Gross official reserves (end of period) 3/

               

    In millions of U.S. dollars

    4,686

    7,255

    9,273

    12,974

    In months of prospective imports of goods & services

    2.3

    3.3

    4.0

    5.4

    In percent of ARA composite metric

    38.6

    60.3

    75.5

    100.0

    External debt (public and private)

    In billions of U.S. dollars

    53.9

    54.6

    56.3

    59.9

    As a percent of GDP

    54.4

    55.1

    58.6

    59.4

     

    Memorandum items:

    Nominal GDP (in billions of rupees)

    29,899

    32,036

    34,754

    37,664

    Exchange Rate (period average)

    302.0

    Exchange Rate (end of period)

    293.0

    Sources: Data provided by the Sri Lankan authorities; and IMF staff estimates.

    1/ Colombo CPI.

    2/ Comprising central government debt, publicly guaranteed debt, and CBSL external liabilities (i.e., Fund credit outstanding and international currency swap arrangements). The debt statistics currently assume the external debt restructuring to have been completed at end 2023.

    3/ Excluding PBOC swap ($1.4bn in 2022) which becomes usable once GIR rise above 3 months of previous year’s import cover.

                                     

    [1] SDR figures are converted at the market rate of U.S. dollar per SDR on the day of the Board approval.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/srilanka page.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

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

    https://www.imf.org/en/News/Articles/2025/07/02/pr24235-sri-lanka-imf-executive-board-completes-the-fourth-review-under-the-eff

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI United Nations: WFP and Samoa Lay Groundwork for Food System Improvements at the First Cost and Affordability of Diet Workshop

    Source: World Food Programme

    APIA, SAMOA – The Samoa Ministry of Agriculture and Fisheries (MAF), in partnership with the United Nations World Food Programme (WFP), co-hosted a national validation workshop to present and discuss findings from Samoa’s first Cost and Affordability Analysis of Diets.

    The workshop brought together representatives from government ministries, UN agencies, international and national non-governmental organisations, civil society, and the private sector to review and validate the findings of the diet cost analysis, and to discuss how the results can inform policies and programmes aimed at improving diet quality and affordability in response to the country’s high burden of non-communicable diseases. 

    “This workshop is a pivotal step in our collective journey to address one of the most pressing development challenges of our time – ensuring access to affordable, nutritious and healthy diets for all Samoans, especially our most vulnerable,” said Seumalo Afele Faiilagi, Acting Chief Executive Officer of MAF Samoa, “We are confronting the real-life consequences of poor diets – malnutrition, obesity, non-communicable diseases and intergenerational cycles of poor health – that are now too common across our communities.”

    The Cost and Affordability Analysis of Diets is a flagship initiative of the joint UN Sustainable Development Goals Fund programme, Catalysing the Samoa National Food Systems Transformation Agenda Through Collective Action, by the Rome-Based Agencies (WFP, Food and Agriculture Organization, and International Fund for Agricultural Development). It supports national priorities outlined in the Samoa Food Systems Pathway 2030, the National Food and Nutrition Policy & Plan of Action 2021–2026, the Health Sector Plan 2019/20–2029/30, and the Agriculture and Fisheries Sector Plan 2022/23–2026/27.

    Drawing on data from the Samoa Bureau of Statistics, the Ministry of Health and other partners, and informed by extensive national stakeholder consultations, the recommendations of the Cost and Affordability Analysis of Diets will inform decision-making across key sectors including agriculture, health, education at both national and community level. 

    “This is a pivotal moment in Samoa’s journey to transform its food systems and place nutrition at the centre of national development,” said Alpha Bah, WFP Representative for the Pacific. “WFP is proud to support the Government of Samoa and partners in turning evidence into action.”

    During the workshop, sectoral working groups contributed insights to validate the findings and proposed tailored actions to help ensure the results lead to meaningful change. Civil society organisations were present to ensure the analysis is grounded in local realities and support community-led solutions.

    “I wish to emphasise again the UN system’s commitment to supporting the Government of Samoa in creating a future where every Samoan has access to the nutritious food needed to lead healthy and productive lives,” said Karla Hershey, United Nations Resident Coordinator in Samoa.

    This initiative reaffirms the strong commitment of the Government of Samoa and WFP to enhance food and nutrition security for Samoans, particularly for the most vulnerable populations.

    #                 #                   #

    The Samoa Ministry of Agriculture and Fisheries is committed to promoting sustainable agricultural and fisheries practices to ensure food security and improve the livelihoods of Samoan communities.

    The United Nations World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.

    Follow us on X, formerly Twitter, via @wfp_media and @wfp_Pacific_

    MIL OSI United Nations News

  • MIL-OSI United Nations: WFP and Samoa Lay Groundwork for Food System Improvements at the First Cost and Affordability of Diet Workshop

    Source: World Food Programme

    APIA, SAMOA – The Samoa Ministry of Agriculture and Fisheries (MAF), in partnership with the United Nations World Food Programme (WFP), co-hosted a national validation workshop to present and discuss findings from Samoa’s first Cost and Affordability Analysis of Diets.

    The workshop brought together representatives from government ministries, UN agencies, international and national non-governmental organisations, civil society, and the private sector to review and validate the findings of the diet cost analysis, and to discuss how the results can inform policies and programmes aimed at improving diet quality and affordability in response to the country’s high burden of non-communicable diseases. 

    “This workshop is a pivotal step in our collective journey to address one of the most pressing development challenges of our time – ensuring access to affordable, nutritious and healthy diets for all Samoans, especially our most vulnerable,” said Seumalo Afele Faiilagi, Acting Chief Executive Officer of MAF Samoa, “We are confronting the real-life consequences of poor diets – malnutrition, obesity, non-communicable diseases and intergenerational cycles of poor health – that are now too common across our communities.”

    The Cost and Affordability Analysis of Diets is a flagship initiative of the joint UN Sustainable Development Goals Fund programme, Catalysing the Samoa National Food Systems Transformation Agenda Through Collective Action, by the Rome-Based Agencies (WFP, Food and Agriculture Organization, and International Fund for Agricultural Development). It supports national priorities outlined in the Samoa Food Systems Pathway 2030, the National Food and Nutrition Policy & Plan of Action 2021–2026, the Health Sector Plan 2019/20–2029/30, and the Agriculture and Fisheries Sector Plan 2022/23–2026/27.

    Drawing on data from the Samoa Bureau of Statistics, the Ministry of Health and other partners, and informed by extensive national stakeholder consultations, the recommendations of the Cost and Affordability Analysis of Diets will inform decision-making across key sectors including agriculture, health, education at both national and community level. 

    “This is a pivotal moment in Samoa’s journey to transform its food systems and place nutrition at the centre of national development,” said Alpha Bah, WFP Representative for the Pacific. “WFP is proud to support the Government of Samoa and partners in turning evidence into action.”

    During the workshop, sectoral working groups contributed insights to validate the findings and proposed tailored actions to help ensure the results lead to meaningful change. Civil society organisations were present to ensure the analysis is grounded in local realities and support community-led solutions.

    “I wish to emphasise again the UN system’s commitment to supporting the Government of Samoa in creating a future where every Samoan has access to the nutritious food needed to lead healthy and productive lives,” said Karla Hershey, United Nations Resident Coordinator in Samoa.

    This initiative reaffirms the strong commitment of the Government of Samoa and WFP to enhance food and nutrition security for Samoans, particularly for the most vulnerable populations.

    #                 #                   #

    The Samoa Ministry of Agriculture and Fisheries is committed to promoting sustainable agricultural and fisheries practices to ensure food security and improve the livelihoods of Samoan communities.

    The United Nations World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.

    Follow us on X, formerly Twitter, via @wfp_media and @wfp_Pacific_

    MIL OSI United Nations News

  • MIL-OSI United Nations: WFP and Samoa Lay Groundwork for Food System Improvements at the First Cost and Affordability of Diet Workshop

    Source: World Food Programme

    APIA, SAMOA – The Samoa Ministry of Agriculture and Fisheries (MAF), in partnership with the United Nations World Food Programme (WFP), co-hosted a national validation workshop to present and discuss findings from Samoa’s first Cost and Affordability Analysis of Diets.

    The workshop brought together representatives from government ministries, UN agencies, international and national non-governmental organisations, civil society, and the private sector to review and validate the findings of the diet cost analysis, and to discuss how the results can inform policies and programmes aimed at improving diet quality and affordability in response to the country’s high burden of non-communicable diseases. 

    “This workshop is a pivotal step in our collective journey to address one of the most pressing development challenges of our time – ensuring access to affordable, nutritious and healthy diets for all Samoans, especially our most vulnerable,” said Seumalo Afele Faiilagi, Acting Chief Executive Officer of MAF Samoa, “We are confronting the real-life consequences of poor diets – malnutrition, obesity, non-communicable diseases and intergenerational cycles of poor health – that are now too common across our communities.”

    The Cost and Affordability Analysis of Diets is a flagship initiative of the joint UN Sustainable Development Goals Fund programme, Catalysing the Samoa National Food Systems Transformation Agenda Through Collective Action, by the Rome-Based Agencies (WFP, Food and Agriculture Organization, and International Fund for Agricultural Development). It supports national priorities outlined in the Samoa Food Systems Pathway 2030, the National Food and Nutrition Policy & Plan of Action 2021–2026, the Health Sector Plan 2019/20–2029/30, and the Agriculture and Fisheries Sector Plan 2022/23–2026/27.

    Drawing on data from the Samoa Bureau of Statistics, the Ministry of Health and other partners, and informed by extensive national stakeholder consultations, the recommendations of the Cost and Affordability Analysis of Diets will inform decision-making across key sectors including agriculture, health, education at both national and community level. 

    “This is a pivotal moment in Samoa’s journey to transform its food systems and place nutrition at the centre of national development,” said Alpha Bah, WFP Representative for the Pacific. “WFP is proud to support the Government of Samoa and partners in turning evidence into action.”

    During the workshop, sectoral working groups contributed insights to validate the findings and proposed tailored actions to help ensure the results lead to meaningful change. Civil society organisations were present to ensure the analysis is grounded in local realities and support community-led solutions.

    “I wish to emphasise again the UN system’s commitment to supporting the Government of Samoa in creating a future where every Samoan has access to the nutritious food needed to lead healthy and productive lives,” said Karla Hershey, United Nations Resident Coordinator in Samoa.

    This initiative reaffirms the strong commitment of the Government of Samoa and WFP to enhance food and nutrition security for Samoans, particularly for the most vulnerable populations.

    #                 #                   #

    The Samoa Ministry of Agriculture and Fisheries is committed to promoting sustainable agricultural and fisheries practices to ensure food security and improve the livelihoods of Samoan communities.

    The United Nations World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.

    Follow us on X, formerly Twitter, via @wfp_media and @wfp_Pacific_

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Suspected people smuggling gang taken down in nationwide strikes

    Source: United Kingdom – Government Statements

    Press release

    Suspected people smuggling gang taken down in nationwide strikes

    Seven members of a suspected organised crime group believed to have made millions have been arrested in West Yorkshire and Essex.

    A suspected people-smuggling gang has been arrested for allegedly using false identity documents to smuggle hundreds of people into the UK illegally, luring them into a life of exploitation and misery.  

    On Tuesday 1 July, Immigration Enforcement officers executed warrants in Greater London, and Batley, West Yorkshire and arrested 7 suspects. The targets are believed to have used forged passports and visas of people with legitimate status in the UK to facilitate their illegal arrival, and subsequent employment in black market businesses.   

    The gang is believed to have facilitated the illegal entry of over 500 people with no right to be in the UK.

    Their alleged money-grabbing scheme is believed to have developed into a wide-scale, dangerous criminal network operating across the country, with the 5 men and 3 women believed to have sent fake documents to beneficiaries to evade detection from law enforcement. The gang, who largely targeted Gambian nationals, are also suspected of re-using the fraudulent documents for different imposters hoping to make it to the UK illegally, with an ongoing investigation revealing a substantial quantity of images of passports found on the main suspect’s mobile phone.  

    From booking flights to housing the migrants on arrival and providing them with illegal work, the gang provided a full service and charged around £5,000 per person. 

    This particular gang, like many others, is believed to be charging substantial fees for arranging illegal entry to the UK, with the main suspect believed to have a turnover of over £1.3m in his bank account despite claiming to only earn £35,000 a year working for a furniture manufacturing company.

    Another suspect is believed to have a turnover of over £1m across two bank accounts whilst simultaneously receiving Universal Credit. A further investigation will be launched in order to recover the profits made by this suspected organised criminal gang.

    At the various addresses visited, officers seized several counterfeit identity documents which are believed to have been used in this criminal scheme.

    These arrests form part of this government’s Plan for Change to strengthen the UK’s border security, which is already delivering results, with almost 30,000 people with no right to be here returned since the election and a turbocharge in immigration enforcement activity across the country which has led to a 51% increase in the number of illegal working arrests. 

    Organised criminal gangs who are driven by profit often go to extreme lengths to make their cash, disregarding the safety of humans. The suspects in this case are believed to have been exploiting those they promised to help by forcing them to work in private homes under their control, leaving the survivors trapped in unsafe situations and exhausted for little or no pay.  

    Minister for Border Security and Asylum, Dame Angela Eagle said: 

    This operation is a clear display that we will not stand by and let evil criminal gangs abuse our immigration system. 

    This suspected gang promised their beneficiaries a better life here in the UK. Instead, they face heinous levels of exploitation which is exactly why we are working with law enforcement to ensure survivors of modern slavery are supported and the criminal gangs face justice. 

    Our Border Security Command has £280m of additional funding over the next 4 years to deliver the step-change required to break their business models and deliver our Plan for Change to restore order to the immigration system.

    Ben Ryan, Chief Operating Officer at Medaille Trust, said:

    Medaille Trust is delighted to have collaborated on this operation and to have played a part in ensuring that victims were identified and supported to begin their recovery as survivors.

    We believe that collaborative efforts like this between the Home Office and civil society provide a model for confronting the evils of modern slavery; with a focus on both pursuing abusers and recognising and supporting survivors.

    The Home Office’s Criminal Financial Investigations team works closely with charities like Medaille Trust to support the victims of organised crime by keeping them at the heart of any investigation, providing invaluable expertise and support to the most vulnerable. Through closer collaboration we are able to identify victims and offer them a safe haven to come forward about the abuse they have faced. Medaille Trust provide refuge and freedom from modern slavery and are one of the largest providers of supported safe house beds for victims of modern slavery in the UK.   

    Cracking down on abuse of the immigration system is central to securing the UK’s borders. As set out in the Immigration White Paper in May, the government will introduce tighter controls, restrictions, and scrutiny of those who attempt to abuse and misuse the immigration system. This includes strengthening border security by rolling out digital identity for all overseas citizens through the implementation of eVisas and new systems for checking visa compliance.

    Updates to this page

    Published 3 July 2025

    MIL OSI United Kingdom