Category: Politics

  • India, Bhutan hold Development Cooperation Talks in New Delhi

    Source: Government of India

    Source: Government of India (4)

    Development Cooperation Talks between India and Bhutan were held in New Delhi on Monday, the Ministry of External Affairs (MEA) said in a statement.

    The discussions focused on reviewing the entire spectrum of the India-Bhutan development partnership. Both sides reaffirmed their commitment to strengthening mutual cooperation across key sectors.

    The Indian delegation was led by Secretary (West) in the MEA, Tanmaya Lal, while the Bhutanese side was headed by Foreign Secretary Aum Pema Choden.

    The talks focused on reviewing the full spectrum of the India-Bhutan development partnership, with both sides reaffirming their commitment to advancing mutual cooperation across key sectors. India has pledged support of ₹10,000 crore for Bhutan’s 13th Five Year Plan (2024–2029), covering Project Tied Assistance (PTA), High Impact Community Development Projects (HICDP), the Economic Stimulus Programme (ESP), and budgetary support through Programme Grants.

    Both sides reviewed ongoing initiatives, including 61 PTA projects worth ₹4,958 crore and 283 HICDPs amounting to ₹417 crore, currently at various stages of implementation. Revisions to PTA allocations were discussed in response to Bhutan’s evolving development priorities. India has also disbursed ₹750 crore for the ESP and ₹100 crore as Programme Grant.

    Bhutan presented the second tranche of PTA proposals under the 13th FYP, with 10 new projects worth ₹1,113 crore receiving joint approval. These initiatives span sectors such as healthcare, connectivity, urban infrastructure, and livestock.

    India reiterated its commitment to working closely with the Bhutan government in line with the shared vision of the Bhutan King and Prime Minister of India.

    The next round of Development Cooperation Talks will be held in Thimphu at a mutually convenient date.

  • India, Bhutan hold Development Cooperation Talks in New Delhi

    Source: Government of India

    Source: Government of India (4)

    Development Cooperation Talks between India and Bhutan were held in New Delhi on Monday, the Ministry of External Affairs (MEA) said in a statement.

    The discussions focused on reviewing the entire spectrum of the India-Bhutan development partnership. Both sides reaffirmed their commitment to strengthening mutual cooperation across key sectors.

    The Indian delegation was led by Secretary (West) in the MEA, Tanmaya Lal, while the Bhutanese side was headed by Foreign Secretary Aum Pema Choden.

    The talks focused on reviewing the full spectrum of the India-Bhutan development partnership, with both sides reaffirming their commitment to advancing mutual cooperation across key sectors. India has pledged support of ₹10,000 crore for Bhutan’s 13th Five Year Plan (2024–2029), covering Project Tied Assistance (PTA), High Impact Community Development Projects (HICDP), the Economic Stimulus Programme (ESP), and budgetary support through Programme Grants.

    Both sides reviewed ongoing initiatives, including 61 PTA projects worth ₹4,958 crore and 283 HICDPs amounting to ₹417 crore, currently at various stages of implementation. Revisions to PTA allocations were discussed in response to Bhutan’s evolving development priorities. India has also disbursed ₹750 crore for the ESP and ₹100 crore as Programme Grant.

    Bhutan presented the second tranche of PTA proposals under the 13th FYP, with 10 new projects worth ₹1,113 crore receiving joint approval. These initiatives span sectors such as healthcare, connectivity, urban infrastructure, and livestock.

    India reiterated its commitment to working closely with the Bhutan government in line with the shared vision of the Bhutan King and Prime Minister of India.

    The next round of Development Cooperation Talks will be held in Thimphu at a mutually convenient date.

  • Union Minister HD Kumaraswamy Inaugurates NMDC and MECON International Offices in Dubai

    Source: Government of India

    Source: Government of India (4)

    Union Minister HD Kumaraswamy, Minister of Steel and Heavy Industries, led a high-level delegation to Dubai where he formally inaugurated the international offices of two major Indian public sector enterprises, NMDC Limited and MECON Limited, on June 30, 2025, marking a significant milestone in India’s expanding global industrial presence in the Middle East.

    The inauguration ceremony was attended by distinguished dignitaries including Ambassador of India to the UAE Sunjay Sudhir, Consul General of India Dubai Satish Kumar Sivan, Joint Secretary Ministry of Steel Vinod Kumar Tripathi, Chairman and Managing Director of NMDC Amitava Mukherjee, Chairman and Managing Director of SAIL Amarendu Prakash, Director Finance MECON, and other senior representatives from the Ministry of Steel, Embassy of India UAE, and the Indian Consulate in Dubai.

    NMDC’s new Dubai office represents a strategic expansion of India’s largest iron ore producer into international markets, designed to unlock new trade partnerships, enhance raw material security, and strengthen India’s self-reliance while boosting global competitiveness in the minerals sector. The Dubai office will serve as a strategic hub for NMDC, actively tracking developments in the mineral sectors across the MENA region, Africa, and Australia, including regulatory changes and government policies. It will focus on scouting mineral assets, conducting technical due diligence, and facilitating engagements with government bodies, business partners, and research institutions.

    Speaking on the occasion, Amitava Mukherjee, Chairman and Managing Director of NMDC, said, “Dubai represents a gateway to global opportunity. With this new office, NMDC is poised to redefine the mining landscape. With our expansion we are revolutionizing our approach to mineral development, securing India’s position as a leader in the mining industry, driving innovation in resource utilization.”

    The office will provide real-time market intelligence and timely decision support, enabling NMDC’s leadership to respond swiftly to global opportunities while building a reliable network for confidential insights on peer companies and exploring collaborations in Mining Equipment and Technology Services. As part of its global mineral diversification strategy, NMDC has been actively evaluating acquisition opportunities across 10 strategic mineral assets globally and exploring critical mineral block acquisitions in Africa, Australia and South America to strengthen its presence in the global critical mineral value chain.

    MECON Limited’s Dubai office inauguration follows the same strategic vision, with the engineering consultancy firm poised to expand India’s footprint in infrastructure and industrial consultancy across the Middle East and beyond. The establishment marks a significant step in showcasing India’s engineering expertise on the global stage, particularly in sectors including engineering, oil and gas, mining, and steel manufacturing. MECON is a frontline design, engineering, consultancy and contracting organisation under the Ministry of Steel, rendering the entire gamut of services from concept to commissioning for more than six decades for setting up projects in metals and mining, power, oil and gas, infrastructure and defense and strategic projects.

    The inauguration of MECON’s Dubai office represents a significant step forward in the company’s journey towards building global footprints for Indian engineering excellence with the unwavering support of the Ministry of Steel. MECON provides one-stop solutions for engineering projects with a workforce of over 800 engineers and experts from more than 30 different engineering disciplines. The company is positioned to explore mutual opportunities, deliver world-class services and contribute to the region’s growth.

    During his visit, the minister also engaged in productive discussions with leading CEOs and Managing Directors of major Indian-origin companies operating in the UAE. The interactions underscored the diplomatic significance of the industrial collaboration initiative, with discussions centered on strengthening industrial cooperation, advancing India-UAE economic ties, and creating new pathways for growth in steel, heavy industries, and strategic investments.

    NMDC Limited, formerly National Mineral Development Corporation, is India’s largest iron ore producer and exporter, founded in 1958 as a fully government-owned entity under the Ministry of Steel. The company produces more than 45 million tonnes annually and operates mines in Bailadila, Chhattisgarh, and Donimalai, Karnataka, while maintaining its position as one of India’s most profitable public sector enterprises involved in the exploration of iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, and coal.

    MECON Limited, formerly known as Metallurgical & Engineering Consultants India Limited, is a central public sector undertaking under the Ministry of Steel established in 1959. The company provides design, engineering, and consultancy services for heavy industry including ferrous and non-ferrous metals, oil and gas, power, and infrastructure sectors, offering comprehensive services ranging from project conceptualization to implementation, including consultancy, design and engineering, procurement of plant and equipment, inspection, construction, project management, and turnkey project execution for both greenfield and brownfield industrial projects.

  • Union Minister HD Kumaraswamy Inaugurates NMDC and MECON International Offices in Dubai

    Source: Government of India

    Source: Government of India (4)

    Union Minister HD Kumaraswamy, Minister of Steel and Heavy Industries, led a high-level delegation to Dubai where he formally inaugurated the international offices of two major Indian public sector enterprises, NMDC Limited and MECON Limited, on June 30, 2025, marking a significant milestone in India’s expanding global industrial presence in the Middle East.

    The inauguration ceremony was attended by distinguished dignitaries including Ambassador of India to the UAE Sunjay Sudhir, Consul General of India Dubai Satish Kumar Sivan, Joint Secretary Ministry of Steel Vinod Kumar Tripathi, Chairman and Managing Director of NMDC Amitava Mukherjee, Chairman and Managing Director of SAIL Amarendu Prakash, Director Finance MECON, and other senior representatives from the Ministry of Steel, Embassy of India UAE, and the Indian Consulate in Dubai.

    NMDC’s new Dubai office represents a strategic expansion of India’s largest iron ore producer into international markets, designed to unlock new trade partnerships, enhance raw material security, and strengthen India’s self-reliance while boosting global competitiveness in the minerals sector. The Dubai office will serve as a strategic hub for NMDC, actively tracking developments in the mineral sectors across the MENA region, Africa, and Australia, including regulatory changes and government policies. It will focus on scouting mineral assets, conducting technical due diligence, and facilitating engagements with government bodies, business partners, and research institutions.

    Speaking on the occasion, Amitava Mukherjee, Chairman and Managing Director of NMDC, said, “Dubai represents a gateway to global opportunity. With this new office, NMDC is poised to redefine the mining landscape. With our expansion we are revolutionizing our approach to mineral development, securing India’s position as a leader in the mining industry, driving innovation in resource utilization.”

    The office will provide real-time market intelligence and timely decision support, enabling NMDC’s leadership to respond swiftly to global opportunities while building a reliable network for confidential insights on peer companies and exploring collaborations in Mining Equipment and Technology Services. As part of its global mineral diversification strategy, NMDC has been actively evaluating acquisition opportunities across 10 strategic mineral assets globally and exploring critical mineral block acquisitions in Africa, Australia and South America to strengthen its presence in the global critical mineral value chain.

    MECON Limited’s Dubai office inauguration follows the same strategic vision, with the engineering consultancy firm poised to expand India’s footprint in infrastructure and industrial consultancy across the Middle East and beyond. The establishment marks a significant step in showcasing India’s engineering expertise on the global stage, particularly in sectors including engineering, oil and gas, mining, and steel manufacturing. MECON is a frontline design, engineering, consultancy and contracting organisation under the Ministry of Steel, rendering the entire gamut of services from concept to commissioning for more than six decades for setting up projects in metals and mining, power, oil and gas, infrastructure and defense and strategic projects.

    The inauguration of MECON’s Dubai office represents a significant step forward in the company’s journey towards building global footprints for Indian engineering excellence with the unwavering support of the Ministry of Steel. MECON provides one-stop solutions for engineering projects with a workforce of over 800 engineers and experts from more than 30 different engineering disciplines. The company is positioned to explore mutual opportunities, deliver world-class services and contribute to the region’s growth.

    During his visit, the minister also engaged in productive discussions with leading CEOs and Managing Directors of major Indian-origin companies operating in the UAE. The interactions underscored the diplomatic significance of the industrial collaboration initiative, with discussions centered on strengthening industrial cooperation, advancing India-UAE economic ties, and creating new pathways for growth in steel, heavy industries, and strategic investments.

    NMDC Limited, formerly National Mineral Development Corporation, is India’s largest iron ore producer and exporter, founded in 1958 as a fully government-owned entity under the Ministry of Steel. The company produces more than 45 million tonnes annually and operates mines in Bailadila, Chhattisgarh, and Donimalai, Karnataka, while maintaining its position as one of India’s most profitable public sector enterprises involved in the exploration of iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, and coal.

    MECON Limited, formerly known as Metallurgical & Engineering Consultants India Limited, is a central public sector undertaking under the Ministry of Steel established in 1959. The company provides design, engineering, and consultancy services for heavy industry including ferrous and non-ferrous metals, oil and gas, power, and infrastructure sectors, offering comprehensive services ranging from project conceptualization to implementation, including consultancy, design and engineering, procurement of plant and equipment, inspection, construction, project management, and turnkey project execution for both greenfield and brownfield industrial projects.

  • MIL-OSI: Zscaler Announces Pricing of $1.5 Billion Offering of 0.00% Convertible Senior Notes Due 2028

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., June 30, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (Nasdaq: ZS) today announced the pricing of $1.5 billion aggregate principal amount of 0.00% convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Zscaler also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $225 million aggregate principal amount of notes. The offering is expected to close on July 3, 2025, subject to customary closing conditions.

    The notes will be senior unsecured obligations of Zscaler. The notes will not bear regular interest and the principal amount of the notes will not accrete. The notes will mature on July 15, 2028, unless earlier converted or repurchased. The initial conversion rate will be 2.2752 shares of Zscaler’s common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $439.52 per share). The initial conversion price of the notes represents a conversion premium of approximately 40% over the closing price of Zscaler’s common stock on June 30, 2025. The notes will be convertible under certain circumstances into cash, shares of Zscaler’s common stock or a combination of cash and shares of Zscaler’s common stock, at Zscaler’s election.

    Zscaler estimates that the net proceeds from the offering will be approximately $1.48 billion (or approximately $1.70 billion if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers’ discount and estimated offering expenses payable by Zscaler. Zscaler intends to use $171.0 million of the net proceeds from the offering to pay the cost of the capped call transactions described below. Zscaler intends to use the remainder of the net proceeds for general corporate purposes, which may include working capital, capital expenditures, and potential acquisitions and strategic transactions.

    Further, in connection with the pricing of the notes, Zscaler entered into privately negotiated capped call transactions with certain of the initial purchasers and/or their respective affiliates and other financial institutions (the “option counterparties”). The capped call transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Zscaler’s common stock that initially underlie the notes. The capped call transactions are expected generally to reduce the potential dilution to Zscaler’s common stock upon any conversion of notes and/or offset any cash payments Zscaler is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions is initially equal to $784.85 per share (which represents a premium of 150% over the closing price of Zscaler’s common stock on June 30, 2025). If the initial purchasers exercise their option to purchase additional notes, Zscaler expects to enter into additional capped call transactions with the option counterparties.

    Zscaler has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates may purchase shares of Zscaler’s common stock and/or enter into various derivative transactions with respect to Zscaler’s common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Zscaler’s common stock or the notes at that time.

    In addition, Zscaler has been advised that the option counterparties and/or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Zscaler’s common stock and/or purchasing or selling Zscaler’s common stock or other securities of Zscaler in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so during the observation period related to a conversion of the notes, in connection with any fundamental change repurchase of the notes, and to the extent Zscaler unwinds a corresponding portion of the capped call transactions, following any other repurchase of the notes). This activity could also cause or avoid an increase or a decrease in the market price of Zscaler’s common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the number of shares and value of the consideration that a noteholder will receive upon conversion of its notes.

    The notes are only being offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. Neither the notes, nor any shares of Zscaler’s common stock issuable upon conversion of the notes, have been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

    This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events. In some cases, you can identify forward-looking statements because they contain words such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” or “expect,” or the negative of these words, or other similar terms or expressions that concern Zscaler’s expectations, strategy, plans, or intentions. Forward-looking statements in this release include, but are not limited to, statements concerning the capped call transactions and repurchase or early conversion of the notes, exercise of the purchasers option to purchase additional notes, and the anticipated use of proceeds from the offering.

    Zscaler’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Zscaler’s filings with the Securities and Exchange Commission, including Zscaler’s Quarterly Report on Form 10-Q filed on May 29, 2025. The forward-looking statements in this release are based on information available to Zscaler as of the date hereof, and Zscaler disclaims any obligation to update any forward-looking statements, except as required by law.

    Investor Relations Contact:

    Ashwin Kesireddy
    Vice President, Investor Relations & Strategic Finance
    ir@zscaler.com

    Media Contact:

    Nick Gonzalez, Sr. Manager, Media Relations
    press@zscaler.com

    The MIL Network

  • MIL-OSI China: China’s bond market issuances reach 7.2 trillion yuan in May

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

    People walk on an overpass in Lujiazui, a finance zone in Shanghai, east China, Nov. 3, 2023. [Photo/Xinhua]

    Bond issuances in China neared 7.2 trillion yuan (about 1 trillion U.S. dollars) in May this year, data from the country’s central bank shows.

    Specifically, issuances of treasury bonds came in at 1.49 trillion yuan, while local government bond issuances amounted to 779.44 billion yuan, according to the People’s Bank of China.

    Financial bond issuances stood at 1.22 trillion yuan, and corporate credit bond issuances reached 902.27 billion yuan.

    Outstanding bonds held in custody came in at 187.2 trillion yuan at the end of May. 

    MIL OSI China News

  • MIL-OSI China: China firmly opposes forced closure of Hikvision’s business in Canada

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

    China is strongly dissatisfied with and firmly opposes Canada’s order to cease the operations of Chinese firm Hikvision in Canada, the Ministry of Commerce said Monday.

    China has noticed that the Canadian side has forcibly ceased Hikvision’s operations in Canada and banned Canadian government departments from purchasing or using Hikvision products under the pretext of “national security,” a spokesperson with the ministry said.

    The Canadian side’s so-called national security review lacks transparency and produces uncertain outcomes, the spokesperson said, calling it a typical act of overstretching the concept of national security.

    “Such a move undermines the legitimate rights and interests of Chinese enterprises, erodes the confidence for business cooperation between the both sides, and sabotages the normal economic and trade relations between the two countries,” the spokesperson added.

    China urges Canada to immediately rectify its erroneous actions, stop politicizing and overstretching the concept of national security in economic and trade issues, and provide an open, fair, just and non-discriminatory environment for businesses from all countries, including Chinese enterprises, to invest and operate in Canada, the spokesperson noted.

    China will take necessary measures to resolutely defend the legitimate rights and interests of Chinese enterprises, the spokesperson said.

    MIL OSI China News

  • Amit Shah chairs ‘Manthan Baithak’ to mark International Year of Cooperatives 2025

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister and Minister of Cooperation, Amit Shah, chaired a “Manthan Baithak” with Cooperation Ministers from all States and Union Territories in New Delhi on Monday. The meeting was organised to commemorate the International Year of Cooperatives (IYC) 2025 and was hosted by the Ministry of Cooperation.

    In his address, Shah said that Prime Minister Narendra Modi established the Ministry of Cooperation to revive India’s long-standing tradition of cooperation while addressing present-day needs.

    Highlighting the transformative work done over the past decade, Shah said, “When the Modi government came to power in 2014, nearly 60 to 70 crore people lacked basic facilities and had lived for generations in scarcity. In ten years, the government has provided housing, toilets, drinking water, food grains, healthcare, gas cylinders, and other essential facilities to crores of people.”

    He added that those who had benefited now aspired to become entrepreneurs but lacked sufficient capital. “For them, cooperation is the only way to do meaningful work with their limited resources,” he said, stressing that cooperation is vital for employment generation in a country of 140 crore people.

    Shah emphasised the need to revitalise cooperation for the welfare of small farmers and rural communities, noting that the sector holds vast potential. “With sensitivity, we must bring cooperation back to life,” he said.

    He also shared that the Government of India has launched 60 initiatives to ensure that every citizen secures employment and lives with dignity. One key step, he said, is the creation of the National Cooperative Database to identify gaps and ensure that every village has at least one cooperative institution. “Our goal is that within five years, there should not be a single village in the country without a cooperative,” Shah said.

    He pointed out three main reasons for the weakening of the cooperative movement in the past: outdated laws, lack of expansion, and nepotism in recruitments. “The Modi government has amended the laws and conceived the idea of the Tribhuvan Sahkari University to train cooperative personnel,” he said. He urged every state to establish at least one cooperative training institution affiliated with the Tribhuvan Sahkari University to strengthen the training system.

    Shah said that a new National Cooperative Policy will be introduced soon, covering the period from 2025 to 2045, leading up to the centenary of India’s independence. He said, “Under this policy, each state will prepare its own cooperative policy according to local needs and conditions. Every state should announce its cooperative policy before January 31, 2026.”

    He also called for discipline, innovation and transparency in the sector through the Model National Cooperative Policy Act. Stressing the importance of timely implementation, he said the target of setting up two lakh Primary Agricultural Credit Societies (PACS) for the financial year 2025–26 must be achieved by February next year.

    “Now that cooperative banks come under the Banking Act, and the Reserve Bank of India has shown flexibility, remaining issues can only be resolved if we run these banks transparently and recruit staff based on merit,” he said, underlining the need for transparency in Credit Cooperative Societies and Urban Cooperative Banks.

    Promoting natural farming was another key area of focus. Shah urged all State Cooperation Ministers to work with their Agriculture counterparts to encourage natural farming, which, he said, would benefit both public health and the environment.

    He further said that ‘Cooperation Amongst Cooperatives’ has been a proven and successful model in Gujarat and should be replicated nationwide. “This initiative is crucial for building national capacity and strengthening cooperatives across India,” he added.

    The meeting also discussed progress on setting up two lakh Multi-Purpose Primary Agricultural Credit Societies (M-PACS) and the promotion of dairy and fisheries cooperatives to boost rural service delivery. The implementation of the world’s largest grain storage scheme in the cooperative sector was reviewed in detail.

     

  • Indian stock market opens higher, Nifty above 25,500

    Source: Government of India

    Source: Government of India (4)

    The Indian benchmark indices opened higher on Tuesday amid positive global cues, with buying seen in the auto and IT sectors in early trade.

    At around 9:26 a.m., the Sensex was trading 188.66 points, or 0.23 per cent, higher at 83,795.12, while the Nifty rose 54.80 points, or 0.21 per cent, to 25,571.85.

    According to analysts, with US markets hitting new record highs, the mood in global equities remains upbeat, and West Asian geopolitical tensions are no longer perceived as a threat to the global economy.

    “Going forward, the market is likely to be influenced by developments on the tariff front. An India-US trade deal will be positive, but if it does not materialise, the market is likely to be impacted,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    The Nifty Bank index was up 51.95 points, or 0.09 per cent, at 57,364.70 in early trade. The Nifty Midcap 100 index was trading at 59,887.65 after adding 146.45 points, or 0.25 per cent. The Nifty Smallcap 100 index rose 52.50 points, or 0.28 per cent, to 19,127.60.

    Experts noted that the Nifty’s short-term trend remains positive, as it continues to hold above its nearest moving average support, the 5-day EMA.

    “The Nifty has partially filled the gap in the 25,640–25,740 range that was formed on October 3, 2024. Any move and close above 25,740 would negate this gap resistance and could potentially extend the Nifty’s upward rally towards the 26,000 mark. Immediate support for the Nifty comes in at 25,400,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

    In the Sensex pack, Asian Paints, BEL, Bharti Airtel, HDFC Bank, PowerGrid, ITC, HCL Tech, Tata Motors, and Hindustan Unilever Limited were among the top gainers. Axis Bank, Trent, Tata Steel, Sun Pharma, Tech Mahindra, Maruti Suzuki, and Eternal were the top laggards.

    Experts said that the strong fundamentals of the Indian economy could attract increased fund flows into Indian equities. Sustained weakness in the dollar (with the dollar index now at 96.81) means the likelihood of heavy selling by foreign institutional investors (FIIs) is low; they may even continue to buy despite high valuations.

    FIIs were net sellers on June 30, offloading equities worth Rs 831.50 crore, while domestic institutional investors (DIIs) remained net buyers, purchasing equities worth Rs 3,497.44 crore.

    In Asian markets, China, Bangkok, Seoul, and Jakarta were trading in the green, while Japan was the only market trading in the red.

    In the previous trading session, the Dow Jones in the US closed at 44,094.77, up 275.50 points, or 0.63 per cent. The S&P 500 ended with a gain of 31.87 points, or 0.52 per cent, at 6,204.94, while the Nasdaq closed at 20,369.73, up 96.27 points, or 0.47 per cent.

    —IANS

  • Trump lawyer says no immediate deportations under birthright citizenship order, as judges to decide on challenges

    Source: Government of India

    Source: Government of India (4)

    President Donald Trump’s administration will not deport children deemed ineligible for U.S. citizenship until his executive order curtailing birthright citizenship takes effect on July 27, a government lawyer said on Monday after being pressed by two federal judges.

    During separate hearings in lawsuits challenging Trump’s order, U.S. District Judges Deborah Boardman in Greenbelt, Maryland, and Joseph LaPlante in Concord, New Hampshire, set expedited schedules to decide whether the order can be blocked again on grounds that the U.S. Supreme Court’s ruling on Friday curbing the ability of judges to impede his policies nationwide does not preclude injunctions in class action lawsuits.

    Both judges asked U.S. Department of Justice lawyer Brad Rosenberg, who represented the government in both cases, for assurances that the Trump administration would not move to deport children who do not have at least one parent who is a U.S. citizen or legal permanent resident at least until the executive order takes effect.

    Rosenberg said it would not, which Boardman and LaPlante respectively asked him to confirm in writing by Tuesday and Wednesday.

    In the Maryland case, immigrant rights advocates revised their lawsuit just a few hours after the 6-3 conservative majority U.S. Supreme Court on Friday ruled in their case and two others challenging Trump’s executive order. The New Hampshire lawsuit, a proposed class action, was filed on Friday.

    The Supreme Court ruling did not address the merits or legality of Trump’s birthright citizenship order, but instead curbed the ability of judges to issue “universal” injunctions to block the Republican president’s policies nationwide.

    But while the Supreme Court restricted the ability of judges to issue injunctions that cover anyone other than the parties appearing before them, Justice Amy Coney Barrett’s opinion held out the possibility that opponents of a federal policy could still obtain the same type of relief if they instead pursued cases as class actions.

    William Powell, a lawyer for immigration rights groups and pregnant non-citizen mothers pursuing the case, told Boardman at a hearing on Monday that an immediate ruling was necessary to address the fears and concerns migrants now face as a result of the Supreme Court’s decision.

    “They want to see how fast we can get class relief because they are afraid about their children and their babies and what their status might be,” Powell said.

    Trump’s executive order, which he issued on his first day back in office on January 20, directs agencies to refuse to recognize the citizenship of U.S.-born children who do not have at least one parent who is an American citizen or lawful permanent resident, also known as a “green card” holder.

    In Friday’s ruling, the high court narrowed the scope of the three injunctions issued by federal judges in three states, including Boardman, that prevented enforcement of his directive nationwide while litigation challenging the policy played out.

    Those judges had blocked the policy after siding with Democratic-led states and immigrant rights advocates who argued it violated the citizenship clause of the U.S. Constitution’s 14th Amendment, which has long been understood to recognize that virtually anyone born in the United States is a citizen.

    Immigrant rights advocates in the hours after the Supreme Court ruled swiftly launched two separate bids in Maryland and New Hampshire to have judges grant class-wide relief on behalf of any children nationally who would be deemed ineligible for birthright citizenship under Trump’s order.

    The Supreme Court specified the core part of Trump’s executive order cannot take effect until 30 days after Friday’s ruling. Boardman on Monday pressed Rosenberg on what it could do before then.

    “Just to get to the heart of it, I want to know if the government thinks that it can start removing children from the United States who are subject to the terms of the executive order,” Boardman said at the end of the hearing.

    Boardman scheduled further briefing in the case to continue through July 9, with a ruling to follow. LaPlante scheduled a hearing for July 10.

    Rosenberg said the Trump administration objected to the plaintiffs’ attempt to obtain the same relief through a class action. He stood by the administration’s view of the constitutionality of Trump’s order.

    “It is the position of the United States government that birthright citizenship is not guaranteed by the Constitution,” he said.

    (Reuters)

  • Trump lawyer says no immediate deportations under birthright citizenship order, as judges to decide on challenges

    Source: Government of India

    Source: Government of India (4)

    President Donald Trump’s administration will not deport children deemed ineligible for U.S. citizenship until his executive order curtailing birthright citizenship takes effect on July 27, a government lawyer said on Monday after being pressed by two federal judges.

    During separate hearings in lawsuits challenging Trump’s order, U.S. District Judges Deborah Boardman in Greenbelt, Maryland, and Joseph LaPlante in Concord, New Hampshire, set expedited schedules to decide whether the order can be blocked again on grounds that the U.S. Supreme Court’s ruling on Friday curbing the ability of judges to impede his policies nationwide does not preclude injunctions in class action lawsuits.

    Both judges asked U.S. Department of Justice lawyer Brad Rosenberg, who represented the government in both cases, for assurances that the Trump administration would not move to deport children who do not have at least one parent who is a U.S. citizen or legal permanent resident at least until the executive order takes effect.

    Rosenberg said it would not, which Boardman and LaPlante respectively asked him to confirm in writing by Tuesday and Wednesday.

    In the Maryland case, immigrant rights advocates revised their lawsuit just a few hours after the 6-3 conservative majority U.S. Supreme Court on Friday ruled in their case and two others challenging Trump’s executive order. The New Hampshire lawsuit, a proposed class action, was filed on Friday.

    The Supreme Court ruling did not address the merits or legality of Trump’s birthright citizenship order, but instead curbed the ability of judges to issue “universal” injunctions to block the Republican president’s policies nationwide.

    But while the Supreme Court restricted the ability of judges to issue injunctions that cover anyone other than the parties appearing before them, Justice Amy Coney Barrett’s opinion held out the possibility that opponents of a federal policy could still obtain the same type of relief if they instead pursued cases as class actions.

    William Powell, a lawyer for immigration rights groups and pregnant non-citizen mothers pursuing the case, told Boardman at a hearing on Monday that an immediate ruling was necessary to address the fears and concerns migrants now face as a result of the Supreme Court’s decision.

    “They want to see how fast we can get class relief because they are afraid about their children and their babies and what their status might be,” Powell said.

    Trump’s executive order, which he issued on his first day back in office on January 20, directs agencies to refuse to recognize the citizenship of U.S.-born children who do not have at least one parent who is an American citizen or lawful permanent resident, also known as a “green card” holder.

    In Friday’s ruling, the high court narrowed the scope of the three injunctions issued by federal judges in three states, including Boardman, that prevented enforcement of his directive nationwide while litigation challenging the policy played out.

    Those judges had blocked the policy after siding with Democratic-led states and immigrant rights advocates who argued it violated the citizenship clause of the U.S. Constitution’s 14th Amendment, which has long been understood to recognize that virtually anyone born in the United States is a citizen.

    Immigrant rights advocates in the hours after the Supreme Court ruled swiftly launched two separate bids in Maryland and New Hampshire to have judges grant class-wide relief on behalf of any children nationally who would be deemed ineligible for birthright citizenship under Trump’s order.

    The Supreme Court specified the core part of Trump’s executive order cannot take effect until 30 days after Friday’s ruling. Boardman on Monday pressed Rosenberg on what it could do before then.

    “Just to get to the heart of it, I want to know if the government thinks that it can start removing children from the United States who are subject to the terms of the executive order,” Boardman said at the end of the hearing.

    Boardman scheduled further briefing in the case to continue through July 9, with a ruling to follow. LaPlante scheduled a hearing for July 10.

    Rosenberg said the Trump administration objected to the plaintiffs’ attempt to obtain the same relief through a class action. He stood by the administration’s view of the constitutionality of Trump’s order.

    “It is the position of the United States government that birthright citizenship is not guaranteed by the Constitution,” he said.

    (Reuters)

  • Trump lawyer says no immediate deportations under birthright citizenship order, as judges to decide on challenges

    Source: Government of India

    Source: Government of India (4)

    President Donald Trump’s administration will not deport children deemed ineligible for U.S. citizenship until his executive order curtailing birthright citizenship takes effect on July 27, a government lawyer said on Monday after being pressed by two federal judges.

    During separate hearings in lawsuits challenging Trump’s order, U.S. District Judges Deborah Boardman in Greenbelt, Maryland, and Joseph LaPlante in Concord, New Hampshire, set expedited schedules to decide whether the order can be blocked again on grounds that the U.S. Supreme Court’s ruling on Friday curbing the ability of judges to impede his policies nationwide does not preclude injunctions in class action lawsuits.

    Both judges asked U.S. Department of Justice lawyer Brad Rosenberg, who represented the government in both cases, for assurances that the Trump administration would not move to deport children who do not have at least one parent who is a U.S. citizen or legal permanent resident at least until the executive order takes effect.

    Rosenberg said it would not, which Boardman and LaPlante respectively asked him to confirm in writing by Tuesday and Wednesday.

    In the Maryland case, immigrant rights advocates revised their lawsuit just a few hours after the 6-3 conservative majority U.S. Supreme Court on Friday ruled in their case and two others challenging Trump’s executive order. The New Hampshire lawsuit, a proposed class action, was filed on Friday.

    The Supreme Court ruling did not address the merits or legality of Trump’s birthright citizenship order, but instead curbed the ability of judges to issue “universal” injunctions to block the Republican president’s policies nationwide.

    But while the Supreme Court restricted the ability of judges to issue injunctions that cover anyone other than the parties appearing before them, Justice Amy Coney Barrett’s opinion held out the possibility that opponents of a federal policy could still obtain the same type of relief if they instead pursued cases as class actions.

    William Powell, a lawyer for immigration rights groups and pregnant non-citizen mothers pursuing the case, told Boardman at a hearing on Monday that an immediate ruling was necessary to address the fears and concerns migrants now face as a result of the Supreme Court’s decision.

    “They want to see how fast we can get class relief because they are afraid about their children and their babies and what their status might be,” Powell said.

    Trump’s executive order, which he issued on his first day back in office on January 20, directs agencies to refuse to recognize the citizenship of U.S.-born children who do not have at least one parent who is an American citizen or lawful permanent resident, also known as a “green card” holder.

    In Friday’s ruling, the high court narrowed the scope of the three injunctions issued by federal judges in three states, including Boardman, that prevented enforcement of his directive nationwide while litigation challenging the policy played out.

    Those judges had blocked the policy after siding with Democratic-led states and immigrant rights advocates who argued it violated the citizenship clause of the U.S. Constitution’s 14th Amendment, which has long been understood to recognize that virtually anyone born in the United States is a citizen.

    Immigrant rights advocates in the hours after the Supreme Court ruled swiftly launched two separate bids in Maryland and New Hampshire to have judges grant class-wide relief on behalf of any children nationally who would be deemed ineligible for birthright citizenship under Trump’s order.

    The Supreme Court specified the core part of Trump’s executive order cannot take effect until 30 days after Friday’s ruling. Boardman on Monday pressed Rosenberg on what it could do before then.

    “Just to get to the heart of it, I want to know if the government thinks that it can start removing children from the United States who are subject to the terms of the executive order,” Boardman said at the end of the hearing.

    Boardman scheduled further briefing in the case to continue through July 9, with a ruling to follow. LaPlante scheduled a hearing for July 10.

    Rosenberg said the Trump administration objected to the plaintiffs’ attempt to obtain the same relief through a class action. He stood by the administration’s view of the constitutionality of Trump’s order.

    “It is the position of the United States government that birthright citizenship is not guaranteed by the Constitution,” he said.

    (Reuters)

  • MIL-OSI Russia: China’s bond market issuance in May totaled nearly 7.2 trillion yuan

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — A total of 7.195 trillion yuan (about 1 trillion U.S. dollars) in debt was issued in China’s bond market in May 2025, according to the latest data from the People’s Bank of China (PBOC, the central bank).

    In particular, the volume of government bond issuance amounted to 1.49 trillion yuan, and local government bonds amounted to 779.44 billion yuan.

    In addition, financial bonds worth 1.22 trillion yuan and unsecured corporate bonds worth 902.27 billion yuan were also issued during the reporting period.

    The balance of funds under trust management in the bond market at the end of May was 187.2 trillion yuan. -0-

    MIL OSI Russia News

  • MIL-OSI Australia: Press Conference – Bankstown

    Source: Murray Darling Basin Authority

    PROFESSOR GEORGE WILLIAMS, VICE-CHANCELLOR AND PRESIDENT OF WESTERN SYDNEY UNIVERSITY: I’d like to begin by acknowledging the people of the Dharug Nation and pay my respects to elders past and present, and particularly welcome Minister Jason Clare, the Education Minister, Mary O’ Kane, we’ve also got Andrew Giles here as well; Emeritus Professor Barney Glover and we’ve got Professor Geoff Lee as well from WSU.

    I’m delighted that this is the first day of ATEC here on our Bankstown campus. It’s a particularly important place to recognise the start of ATEC. We’re going to have TAFE moving into this building shortly and I’m looking forward to our students whizzing up and down the lifts. I’m delighted to see a lot of our students here today as well, studying education. From our point of view, we’re really committed as a university to delivering on the Accord. We see ourselves as the university of the Accord that will make sure we reach our targets of 1.8 million people by 2050 studying at university. That gets us from 45 to 55 per cent of students studying a bachelor’s degree. And we know here what is needed to get those students into study, particularly equity students, and to give them the opportunities that they deserve.

    I’d also say, though, what we’re seeing at Western as the Accord recognised, is that there are problems with the system that are getting in the way of us being able to deliver on that ambitious goal. We’ve seen 10 to 15 per cent decreases in the number of students from low SES and also equity backgrounds, such as first in family coming to university. And so, for us today, this is a really important announcement because it marks the opportunity to start fixing a broken system so that every student, irrespective of their postcode, irrespective of their background, has the opportunity to world world-class university education.

    From our point of view, we look forward to working with the Minister in ATEC, particularly to fix the Job-ready Graduates programme, which is means a $50,000 arts cost of a degree for many of our students and that’s actively dissuading our students from studying at university. We also know that it needs to go beyond the really good package that reduces student debt to actually dealing with the fees in the first place to make sure that students can afford to come to university. We also look forward to working with ATEC, particularly on international students. They are critical contributors to the Western Sydney economy, particularly nurses and other areas where we’re dealing with critical shortages. And in our case, 24 cents in every dollar paid by an international student supports an Australian student in their study. They support food, equity programmes and the like. And again, we look forward to contributing there. So, from our point of view, we’re really delighted here at Bankstown on this historic day. I’d also like particularly to acknowledge Barney, whose vision led to this building some years ago. And we’re pleased to be here, pleased to support ATEC and look forward to supporting its work.

    JASON CLARE, MINISTER FOR EDUCATION: Thanks very much, George. And this is really the perfect place to launch the Australian Tertiary Education Commission. As George mentioned, this is the vision of Barney in many senses. This building emerged out of the ground over the course of COVID and now stands as the tallest building in Bankstown, with that big sign at the top saying Western Sydney University. And I said when this building was officially opened a couple of years ago that this is more than just a building, it’s a beacon. When those lights shine brightly over Bankstown every night, people see it. I know the students here would see it. And I hope that young people right across our community see it and think, well, maybe university is for me as well.

    When I was a kid growing up in Western Sydney, university was somewhere else. And for a lot of kids that I went to school with, university felt like it was for someone else, that it was not for kids in the western suburbs of Sydney. There was lots of Macca’s logos, lots of KFC logos, lots of Westfield logos, not a lot of university logos. That’s now changing, and that’s important if we’re going to break down that invisible barrier that stops a lot of young people from giving university a crack in the first place. And that’s a big part of what the Universities Accord was about. It’s also a big part of what ATEC is about. And as you just mentioned a moment ago, George, something else exciting is about to happen here at this fantastic building, and that is, from January next year, Bankstown TAFE is moving in. The top eight floors of this building will be occupied by students from Bankstown TAFE that are just across the road at the moment. And so, from next year, in one building, you’re going to have TAFE and university all under one roof. That sends a really important message as well, about making sure that our tertiary education system is more joined up, that we’re working together, that we’re making it easier for students to move between TAFE and university. And again, that’s a really big part of what the Universities Accord report was all about, about trying to break down that artificial barrier that stops a lot of people from moving from one part of the system to another.

    The Universities Accord report was released just over a year ago and it’s a really important piece of work. And I want to thank Professor Mary O’ Kane in particular, and the team that she led for producing that report for the nation. It’s a blueprint for how we reform higher education for the next decade and beyond. And we’ve now started the process of implementing its recommendations. That includes things like university study hubs in our regions and in our suburbs. It includes fee-free university courses, those bridging courses that help young people – that might have finished school, but they’re not ready for uni yet – to do a free course to get ready to start a university degree. It includes the changes we’re making to HECS. We’ve made changes to indexation last year. In a couple of weeks, I’ll introduce legislation into the Parliament that will cut the student debt of 3 million Australians by 20 per cent, including the students that are here with us today.

    And it also includes paid prac for the first time ever. From today, the Australian Government will be investing in providing financial support for teaching students, for nursing students, for midwifery students, and for social work students while they do the practical part of their training. It’s worth almost half a billion dollars and it’s real practical support while you do your practical training. These are young people who are going to teach our children, who are going to look after us when we’re sick, who are going to help women during childbirth, help women fleeing domestic violence, some of the most important jobs in this country. And this is real practical help to help with the practical part of their degree.

    And today something else happens, something else from the Accord comes to life. And that’s the establishment of the Australian Tertiary Education Commission. And its real purpose is to drive long term reform. Implementing the Accord is the job of more than just one minister or two ministers or, or one government or two governments. It’s long-term reform, and that requires a steward that’s going to drive and implement reform over the next decade and beyond. And that’s why Mary and the team recommended it. That’s why the government is implementing it. From today, an interim Australian Tertiary Education Commission comes to life while we introduce legislation to make it permanent. And the people who recommended it are the people who are going to help to bring it to life. I’m bringing the band back together.

    Professor Mary O’ Kane, thank you for agreeing to be the interim chair of, well, the chair of the interim ATEC. Barney, you’re sort of wearing a semi hat here as the head of JSA, but helping us as one of the commissioners as well. And Larissa Behrendt, distinguished Professor Larissa Behrendt, who’s not with us today, but has also agreed to be one of the commissioners of the interim ATEC. It’s about getting the people who recommended this to help bring it to life, to lift words off the page and make this real. As George pointed out, the role of the ATEC is critical. It’s about making the system more joined up. It’s about compacts with universities about what they do. It’s about striking funding agreements with universities to implement the important work that universities do in different parts of the country. Not every university needs to be the same or do the same thing and the ATEC will be critical in that and providing advice to us on the cost of courses and the funding of courses and the costs that students pay. So, this is really important and it’s not just about universities. We called this the Australian Tertiary Education Commission for a reason, because we want to look at the whole system, make sure that it’s more joined up and working together. And so, this body reports to both of us, Minister for Education and the Minister for Skills. And I’d ask Andrew to say a few words.

    ANDREW GILES, MINISTER FOR SKILLS AND TRAINING: Yeah, thanks very much, Jason. This is a really important day. Jason, you’ve just been talking about long term reform. Well, I’m conscious that people have been talking about harmonisation in tertiary education for a very, very long time. But today it becomes concrete, with the interim Australian Tertiary Education Committee taking its first steps. And I really do look forward to hearing from Mary and from Barney in a few minutes about the journey to date and the journey going forward.

    Because this is long term reform that has been a long time in the making but is absolutely fundamental for the reasons that Jason set out. But also as we think about the needs of the Australian economy today and into the future, I’m very conscious that Jobs and Skills Australia are telling us that nine in 10 jobs require some form of post compulsory qualification and that amongst those there’s roughly a 50/50 split between those that require a university degree and those that require vocational education and training. So, when I think about that split, I think about how important it is that we’re standing right here in Bankstown, in your electorate Jase, in a building that will very shortly bring that vision to physical life with the proximity of TAFE and university students. And that’s a symbol also of a big part of the ongoing work of the ATEC about building clearer pathways between vocational and university education, breaking down some of those barriers, because there’s really two barriers that we’re talking about here. The ones that are preventing too many Australians from accessing university or vocational pathways, and those that are stopping people from being the adaptive learners that they want to be and which our economy demands. So, there’s really important work in two respects for the ATEC to get underway.

    I feel really excited, though, to be at the ground floor of this great long-term enterprise as we seek to do two things. We seek to support a labour market that works for Australia to grow the Australian economy, to make sure that there’s a better fit between the jobs that are out there and the pathways that we are offering and making accessible to young and indeed not so young Australians. And on the other hand, to make sure that every Australian can access the skills they want for a fulfilling, rewarding and secure job into the future. So, today we take a really big step forward. It’s a step that’s really all about partnership. I’m thrilled to work so closely with Jason in his capacity as Minister for Education. I’m thrilled to work with people across the sector, whether it’s in vocational education, whether it’s in university, whether it’s employers, whether it’s unions, whether it’s experts, to make sure that we have an education system that is fit for purpose. And when I say fit for purpose, that’s fit for the needs of our economy and fit to meet the needs and the aspirations of every Australian in every corner of this great country. With that, I’m really pleased to hand over to Mary O’ Kane, who really in, in many senses is the architect of this vision and then will take on board stewardship of seeing it realised. So, thank you, Mary.

    MARY O’KANE, CHIEF COMMISSIONER OF THE INTERIM AUTRALIAN TERTIARY EDUCATION COMMISSION: Thank you, Minister. Well, this is a very exciting day and it’s particularly thrilling to have a group of teaching students here. You’re the symbol of why we worked hard on the Accord and why we’re so thrilled that the Tertiary Education Commission is starting. It’s actually starting again. A little bit of a history lesson. It actually was the Labor Government at the end of the war established it. It was then picked up by the Menzies Government, the Liberal Government after that, and added to, and went for a long time to 1988. And there hasn’t been one for a while. But in the Accord work, we determined that you really need something that interprets the higher education system to the community, to government, and that can listen to the higher education system and interpret that back. So, if you like, it’s a whisperer, it’s the higher education whisperer for the nation.

    And like the commission of post the Second World War, this one has some really big things to advise government on. We just heard Minister Giles talk about the importance of the national economy. And unless we have the right skills, we won’t have the economy or the society we want. And this is really about growing that skills base enormously, growing the types of skills, modernising them, but also making sure that we have the right pathways, we have the right and above all, the numbers going in. And we’re not going to get the numbers into higher education unless we have different mechanisms to the ones we have now. It’s not just about people going to school and going on to higher ed; it’s about people being able to come back in to do university later in life. It’s about going through different pathways. And this is why there’s a lot about access in the Accord and that we’ll be trying to enliven in the Tertiary Education Commission. So, how can people have done really good courses at TAFE, go to university and the other way around?

    When I was in South Australia, we had, one of the favourite things people would do, would do a degree in history at one of the universities and then go to Regency TAFE and do a hospitality qualification. And that combination was a really good one for the tourism industry and so on. So, it’s very exciting to be part of this sort of new, looking at new ways to realise a much larger higher education system, even stronger knowledge system than we have in Australia. A new, the economy being stronger and our place in the sort of international system, you know, being even more marked than it is at present. And so, I hope that for you, you’ll be measuring us. I hope you’ll be looking at the Tertiary Education Commission and saying, yes, it’s doing what I want or it’s not, and if not, I hope you’ll come and talk to us, because it’s very much an open for business, talking to the students, talking to the universities and passing it all on to government. So, thank you for being here today while we celebrate. And I’ll do a shout out to Larissa. Hopefully she’s watching on some sort of thing. She’s up in Yucala with a range of Indigenous students who are there with her and filming for various things. So, thank you very much. I should have said we’d talk to Barney.

    BARNEY GLOVER, JOBS AND SKILLS AUSTRALIA COMMISSIONER: You probably, you could not stop me. Thank you, Mary, for those words. I want to particularly thank the two ministers that are here today. My minister, Andrew Giles, Minister for Skills and Training in Australia. The real energy behind what Andrew wants to achieve, to transform the Australian vocational education and training system to support the labour market we need now and into the future and the work that Jason Clare has done as Minister for Education to bring the ATEC today into fruition to support the Accord and to see today not just the ATEC established and for Mary to lead this implementation phase with the support of Larissa and myself, but so many other aspects of the Accord recommendations that the government’s already picked up and are in place. And placement payments today for those students you mentioned across nursing, midwifery, social work and teaching, to receive the benefit they need to avoid poverty in placements is a wonderful achievement of the accord and congratulations to the government.

    There are a number of reasons why I think this is a really important day. It’s not just that two ministers are here that’s significant in itself. I want to congratulate George for the work that Western Sydney has done to take this building, to make it what I believe will be one of the most important dual sector enterprises in higher education and vocational education training in Australia. When those TAFE students are here next year, this will be as big as most dual-sector universities in Australia. So, it will be in itself a great opportunity to press what joined up means for tertiary education Australia to have a harmonised tertiary education system in this country and to do it in ways we haven’t been able to do before. So, there’s a challenge here for TAFE NSW and for George and for Michelle Simons, who does a wonderful job here as the Dean of the School of Education. A wonderful challenge to say, what can we do differently? What can we do better? How can we ensure that we produce graduates from higher ed and those who complete vet qualifications with the skills and knowledge they need for the economy of the future, as Mary said, because there are wonderful opportunities in the future for all Australians, but we’ve got to match up our skills and our jobs.

    It’s one thing that Jobs and Skills Australia has been saying for some time, we need a joined up tertiary education system. We need to better match our skills from our education and training into our job market. We need to recognise that increasingly we need post-secondary qualifications for the future. And as Minister Giles said, we’ve got to get the balance right between higher education and vet. And that’s not about different ways of cutting the same cake. It’s growing this cake. And that really means. And this is another reason why it’s exciting to be here in Bankstown, because as Mary said, we’ve got to uplift more Australians to participate in post-secondary education more than we’ve ever done before. And that means reaching into equity, in first in family, as George said, students from a low socio-economic background, First Nations Australians. I pay tribute to the work that Larissa has done to make First Nations Australians at the centre of the Accord and at the centre of the ATEC. And she does a wonderful job in supporting that. And people with disability and other equity groups, we need to make sure they’re fully represented.

    So, this is a great place to do this. It was a great place to build this building. Not just that it was 50 metres from the Minister for Education’s electoral office. That was just an additional benefit, but to put it here in the South-West of Sydney and to reach out to these communities and say it’s not just higher education, tertiary education is in reach and it will be transformational and it will ensure that this region has the economic uplift and the social and cultural benefits that tertiary education can bring. Exciting day. Well done to everyone. Thank you.

    CLARE: Can I just make some comments on reports this morning of alleged sexual assault of children in childcare centres in Victoria. This morning I’ve spoken to Lizzie Blandthorn, the Minister for Children. I’ve also spoken to Tim Watts, member for Gellibrand, in the area where some of these child care centres are located in Victoria. This is extremely serious. There is nothing more serious than this. The alleged perpetrator is in custody right now, but this is one of the reasons why this was top of the agenda when education ministers met in Adelaide on Friday. It’s one of the reasons why we’ve banned the use of personal mobile phones in childcare centres. It’s one of the reasons why we’ve made mandatory reporting of physical and sexual assaults in childcare centres a requirement within 24 hours rather than seven days. It’s one of the reasons why I will bring legislation to the Federal Parliament in the next few months to cut off funding to childcare centres that aren’t up to scratch. And as I said, it’s one of the reasons why this was top of the agenda when education ministers met on Friday to look at what are the next steps that we need to take to make sure that our children are safe in child care centres. There are more than 1 million parents who rely on our early education and care system to care for our children, to educate our children and to keep our children safe. This is personal for me because I’m one of those parents and there is nothing more important to me than making sure that we take every step we need to take to keep our kids safe. Thanks very much.

    MIL OSI News

  • USAID cuts may cause over 14 million additional deaths by 2030, study says

    Source: Government of India

    Source: Government of India (4)

    Deep funding cuts to the U.S. Agency for International Development and its potential dismantling could result in more than 14 million additional deaths by 2030, according to research published in The Lancet medical journal on Monday.

    WHY IT’S IMPORTANT

    President Donald Trump’s administration, since taking office in January, has made funding cuts to USAID and its aid programs worldwide in what the U.S. government says is part of its broader plan to remove wasteful spending.

    Human rights experts and advocates have warned against the cuts. USAID funding has had a crucial role in improving global health, primarily directed toward low and middle-income countries, particularly African nations, according to the study.

    BY THE NUMBERS

    The study estimated that over the past two decades, USAID-funded programs have prevented more than 91 million deaths globally, including 30 million deaths among children.

    Projections suggest that ongoing deep funding cuts – combined with the potential dismantling of the agency – could result in more than 14 million additional deaths by 2030, including 4.5 million deaths among children younger than 5 years, the study in The Lancet said.

    Washington is the world’s largest humanitarian aid donor, amounting to at least 38% of all contributions recorded by the United Nations. It disbursed $61 billion in foreign assistance last year, just over half of it via USAID, according to government data.

    KEY QUOTE

    “Our estimates show that, unless the abrupt funding cuts announced and implemented in the first half of 2025 are reversed, a staggering number of avoidable deaths could occur by 2030,” the study said.

    CONTEXT

    U.S. Secretary of State Marco Rubio said in March the Trump administration canceled over 80% of all programs at USAID following a six-week review.

    The remaining approximately 1,000 programs, he said, would now be administered “more effectively” under the U.S. State Department and in consultation with Congress.

    (Reuters)

  • Iran-linked hackers threaten to release Trump aides’ emails

    Source: Government of India

    Source: Government of India (4)

    Iran-linked hackers have threatened to disclose more emails stolen from U.S. President Donald Trump’s circle, after distributing a prior batch to the media ahead of the 2024 U.S. election.

    In online chats with Reuters on Sunday and Monday, the hackers, who go by the pseudonym Robert, said they had roughly 100 gigabytes of emails from the accounts of White House Chief of Staff Susie Wiles, Trump lawyer Lindsey Halligan, Trump adviser Roger Stone and porn star-turned-Trump antagonist Stormy Daniels.

    Robert raised the possibility of selling the material but otherwise did not provide details of their plans. The hackers did not describe the content of the emails.

    U.S. Attorney General Pam Bondi described the intrusion as “an unconscionable cyber-attack.”

    The White House and the FBI responded with a statement from FBI Director Kash Patel, who said: “Anyone associated with any kind of breach of national security will be fully investigated and prosecuted to the fullest extent of the law.”

    “This so-called cyber ‘attack’ is nothing more than digital propaganda, and the targets are no coincidence. This is a calculated smear campaign meant to damage President Trump and discredit honorable public servants who serve our country with distinction,” cyberdefense agency CISA said in a post on X.

    Halligan, Stone and a representative for Daniels did not respond to requests for comment. Iran’s mission to the United Nations did not return a message seeking comment. Tehran has in the past denied committing cyberespionage.

    Robert materialized in the final months of the 2024 presidential campaign, when they claimed to have breached the email accounts of several Trump allies, including Wiles.

    The hackers then distributed emails to journalists.

    Reuters previously authenticated some of the leaked material, including an email that appeared to document a financial arrangement between Trump and lawyers representing former presidential candidate Robert F. Kennedy Jr. – now Trump’s health secretary.

    Other material included Trump campaign communication about Republican office-seekers and discussion of settlement negotiations with Daniels.

    Although the leaked documents did garner some coverage last year, they did not fundamentally alter the presidential race, which Trump won.

    The U.S. Justice Department in a September 2024 indictment alleged that Iran’s Revolutionary Guards ran the Robert hacking operation. In conversations with Reuters, the hackers declined to address the allegation.

    After Trump’s election, Robert told Reuters that no more leaks were planned. As recently as May, the hackers told Reuters, “I am retired, man.” But the group resumed communication after this month’s 12-day air war between Israel and Iran, which was capped by U.S. bombing of Iran’s nuclear sites.

    In messages this week, Robert said they were organizing a sale of stolen emails and wanted Reuters to “broadcast this matter.”

    American Enterprise Institute scholar Frederick Kagan, who has written about Iranian cyberespionage, said Tehran suffered serious damage in the conflict and its spies were likely trying to retaliate in ways that did not draw more U.S. or Israeli action.

    “A default explanation is that everyone’s been ordered to use all the asymmetric stuff that they can that’s not likely to trigger a resumption of major Israeli/U.S. military activity,” he said. “Leaking a bunch more emails is not likely to do that.”

    Despite worries that Tehran could unleash digital havoc, Iran’s hackers took a low profile during the conflict. U.S. cyber officials warned on Monday that American companies and critical infrastructure operators might still be in Tehran’s crosshairs.

    (Reuters)

  • Delhi bans fuel for old vehicles from today

    Source: Government of India

    Source: Government of India (4)

    In a major step towards combating vehicular pollution, the Delhi government has begun enforcing strict new rules on End-of-Life (EOL) vehicles from Tuesday.

    According to directives issued by the Commission for Air Quality Management (CAQM), all petrol pumps across the National Capital Territory (NCT) will deny fuel to old vehicles identified through AI-powered Automatic Number Plate Recognition (ANPR) cameras.

    From Tuesday onwards, EOL vehicles—those that have exceeded the legal age limit of 10 years for diesel and 15 years for petrol—will not be allowed to refuel at petrol or diesel stations. These vehicles will also be liable for heavy fines if found in public places.

    Four-wheeler owners violating the rule will be fined Rs 10,000, while two-wheeler owners will face a penalty of Rs 5,000.

    AI-enabled cameras installed at petrol stations will automatically identify outdated vehicles using number plate data. Once recognised, these vehicles will be flagged in the system to prevent fuel issuance.

    Petrol pump operators have expressed cautious optimism about the implementation. Sanjay Dedha, manager of a petrol pump in Vivek Vihar, said, “The Delhi government has installed the system. Let’s see from today if vehicles in that category turn up. We are waiting to see if the system works properly. If there are any server-related issues, we will physically identify old vehicles and refuse fuel to them.”

    Ram Lagan Shukla, supervisor at Bharat Petroleum, Lal Kuan, said, “It has come into effect from today, the first of the month, that petrol vehicles over 15 years old will not be given fuel here. We will also check the vehicle’s condition and documents.”

    The new enforcement policy is part of a broader plan to reduce emissions and improve air quality in the capital, which frequently ranks among the world’s most polluted cities.

    Authorities have also announced that EOL vehicles found parked in public places or near fuel stations will be seized starting Tuesday.

    Vehicle owners in Delhi are advised to verify the registration status of their vehicles and avoid using outdated vehicles to prevent penalties and seizure.

    — IANS

  • MIL-OSI New Zealand: Awards – Five farmer advocates recognised for outstanding service

    Source: Federated Farmers

    Five grassroots champions for Kiwi farmers have been recognised for their massive contributions to agriculture, winning awards at the Federated Farmers national AGM last week.
    Each year, the organisation’s national awards celebrate farmers who have gone above and beyond for their fellow farmers, rural communities, and the wider agricultural sector.
    Outgoing Federated Farmers board member Richard McIntyre was presented with the award for Outstanding Contribution – a fitting conclusion to his three-year term as national dairy chair.
    “Richard has been an absolute titan of farmer advocacy and rural New Zealand is in a better place because of his work,” Federated Farmers president Wayne Langford says.
    “He’s relentlessly stood up for our members when it counted, pushing hard for a banking inquiry, better immigration settings, and KiwiSaver changes for young farmers.
    “I don’t think there would have been a single week where we didn’t see him in the media, fighting hard to change the political landscape for farming families.
    “There’s no fight he hasn’t been willing to take on, his work rate has been phenomenal, and most importantly for our members, he’s delivered tangible results.”
    The Advocate of the Year award went to Southland Federated Farmers president Jason Herrick, who has been a standout communicator on behalf of farmers.
    “When it comes to emerging farming leaders, Jason Herrick is without a doubt one to watch. He’s got a huge contribution to make and a big future ahead of him,” Langford says.
    “Whether it’s calling out Fish & Game’s antics or pushing back on unworkable, costly new farming rules, Jason’s exemplified what Federated Farmers is all about – fighting for farmers.
    “I’ve been so impressed with not just his workload and ability to prosecute issues in the media, but also with his personal growth and development as a leader in his community.
    “He’s been tenacious and articulate, and he’s shown a thick skin. You can’t stick your neck out for farmers without copping some heat back, but he’s taken it all in his stride.”
    James (Jimmy) Emmett, who is contract milking on two farms just outside Geraldine, has been named Dairy Advocate of the Year.
    “Jimmy has been an incredibly valuable member of our dairy council – he brings strong ideas and opinions, but always contributes in a collaborative, respectful way,” Langford says.
    “He’s thoughtful and constructive in discussions about the challenges facing the dairy sector, offering practical solutions while genuinely listening to the perspectives of others.
    “At a local level, as South Canterbury Federated Farmers dairy chair, Jimmy has been such a great advocate for farmers at the grassroots.
    “He consistently goes out of his way to seek support and advice for those doing it tough and he puts in the work to make a real difference in their lives.”
    This year’s Meat & Wool Advocate of the Year is Matt Simpson, a third-generation sheep and beef farmer on a 4100ha high country station in South Canterbury.
    Langford says Matt, who is South Canterbury Federated Farmers meat & wool co-chair, is a passionate and effective leader in his community.
    “Matt’s been instrumental in the pest management space, especially on wallaby eradication, and has been a driving force in getting better coordination between farmers, landowners, recreational hunters and government.
    “He’s also had a massive amount to do in South Canterbury on the court case around Outstanding National Landscapes (ONLs) being placed over farms.
    “He and his wife Tory have put in a huge amount of time and effort on mediation, and the positive outcome of that will lay the groundwork for other provinces.
    “In all of it, Matt’s just an absolute champion in his community, where he’s deeply respected for being such a pillar among farming families.”
    The Arable Advocate of the Year award went to Southland Federated Farmers arable chair Sonia Dillon, who operates a mixed cropping and seed production business.
    Langford says Sonia has been extremely strong on local advocacy.
    “There are some issues in Southland that are quite specific for that area and she’s great at getting them airtime and discussion.
    “That’s particularly true when it comes to transportation and logistics, with Southland being at the bottom of the country.
    “She’s pointed out that if it costs $60 to get something from Christchurch to Southland, how come grain that comes from Canterbury can be cheaper than it’s priced in Southland? It’s a fair point. The price should be what it costs to buy, plus freight – that’s how it should work.”
    Sonia is also a great asset for the Federated Farmers Arable Council, Langford says.
    “She’s always happy to bring challenging issues to the forefront, so the council can look for solutions.” 

    MIL OSI New Zealand News

  • Union Home Minister Shah to attend key event in Delhi marking one year of New Criminal Laws

    Source: Government of India

    Source: Government of India (4)

    Union Home and Cooperation Minister Amit Shah is scheduled to attend a significant event titled “Golden Year of Faith in Justice System”, commemorating the successful completion of one year since the implementation of India’s new criminal laws on Tuesday. 

    The event will be held at the Bharat Mandapam in New Delhi and will begin at 3:30 p.m. HM Shah, who is the Chief Guest, will address a gathering of legal experts, policymakers, law enforcement officials, and dignitaries from across the country. The event celebrates the transformative shift brought by the new criminal laws enacted in 2024.

    Earlier on Monday, the Union Home Minister chaired a ‘Manthan Baithak’ with cooperative ministers from all States and Union Territories. The meeting was part of the government’s initiatives to commemorate the International Year of Cooperatives 2025.

    Speaking at the Manthan Baithak, Shah underlined the importance of cooperation in India’s socio-economic framework. He said that while cooperatives can serve as an economic system for the entire world, for India, cooperation is a traditional philosophy of life. He added that cooperation, living, thinking, and working together, represent the essence of Indian society.

    He also acknowledged the nearly 125-year-old cooperative movement, describing it as a lifeline for the country’s poor, farmers, rural communities and especially women, who have benefited through various phases of development and reform.

    The Minister said that with sensitivity, cooperation must be revitalised for the welfare of millions of small farmers and rural people in the country because there are immense opportunities in the cooperative sector. (IANS)

  • Musk vows to punish lawmakers who back Trump’s spending bill

    Source: Government of India

    Source: Government of India (4)

    Billionaire Elon Musk on Monday renewed his criticism of U.S. President Donald Trump’s sweeping tax-cut and spending bill, vowing to unseat lawmakers who backed it after campaigning on limiting government spending.

    After weeks of relative silence following a feud with Trump over the legislation, Musk rejoined the debate on Saturday as the Senate took up the package, calling it “utterly insane and destructive” in a post on social media platform X.

    On Monday, he ramped up his criticism, saying lawmakers who had campaigned on cutting spending but backed the bill “should hang their heads in shame!”

    “And they will lose their primary next year if it is the last thing I do on this Earth,” Musk said.

    The Tesla and SpaceX CEO called again for a new political party, saying the bill’s massive spending indicated “that we live in a one-party country – the PORKY PIG PARTY!!”

    “Time for a new political party that actually cares about the people,” he wrote.

    Musk’s criticism of the bill has caused a rift in his relationship with Trump, marking a dramatic shift after the tech billionaire spent nearly $300 million on Trump’s re-election campaign and led the administration’s controversial Department of Government Efficiency (DOGE), a federal cost-cutting initiative.

    Musk, the world’s richest man, has argued that the legislation would greatly increase the national debt and erase the savings he says he has achieved through DOGE.

    It remains unclear how much sway Musk has over Congress or what effect his opinions might have on the bill’s passage. But Republicans have expressed concern that his on-again, off-again feud with Trump could hurt their chances to protect their majority in the 2026 midterm congressional elections.

    The rift has also led to volatility for Tesla, with shares of the company seeing wild price swings that erased approximately $150 billion of its market value, though it has since recovered.

    (Reuters)

  • MIL-OSI China: China imposes sanctions on former Philippine senator Francis Tolentino

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

    China decided to impose sanctions on former Philippine senator Francis Tolentino for his egregious conduct on China-related issues and prohibit him from entering the Chinese mainland, Hong Kong and Macao, a foreign ministry spokesperson said on Tuesday.

    For quite some time, driven by selfish interests, a handful of anti-China politicians in the Philippines have made malicious remarks and moves on issues related to China that are detrimental to China’s interests and China-Philippines relations, the spokesperson said.

    The Chinese government is firmly resolved to defend national sovereignty, security, and development interests, the spokesperson noted.

    MIL OSI China News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for July 1, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on July 1, 2025.

    Trauma is carried in your DNA. But science reveals a more complicated story
    Source: The Conversation (Au and NZ) – By Tara-Lyn Camilleri, Postdoctoral researcher of transgenerational effects, Monash University Radu Bercan/Shutterstock As war continues to rage in Gaza and Ukraine, there is concern about how the related trauma might be transmitted to future generations of people in those regions. More generally, interest in the idea of transgenerational

    Aamir Khan’s big screen comeback, Sitaare Zameen Par, features an all-star neurodivergent cast – a Bollywood first
    Source: The Conversation (Au and NZ) – By Yanyan Hong, PhD Candidate in Communication, Media and Film Studies, University of Adelaide Bharti Dubey/X Bollywood star Aamir Khan’s return to the big screen after a three-year hiatus has been far from ordinary. Sitaare Zameen Par (2025) which translates to “stars on Earth”, is the first major

    The rising rate of type 2 diabetes in young New Zealanders is becoming a health crisis
    Source: The Conversation (Au and NZ) – By Lynne Chepulis, Associate Professor, Health Sciences, University of Waikato vadimguzhva/Getty Images No longer just a condition of middle age, type 2 diabetes is increasingly affecting children, teenagers and young adults in New Zealand. And our health system is nowhere near ready to manage this surge. Type 2

    Understanding the ‘Slopocene’: how the failures of AI can reveal its inner workings
    Source: The Conversation (Au and NZ) – By Daniel Binns, Senior Lecturer, Media & Communication, RMIT University AI-generated with Leonardo Phoenix 1.0. Author supplied Some say it’s em dashes, dodgy apostrophes, or too many emoji. Others suggest that maybe the word “delve” is a chatbot’s calling card. It’s no longer the sight of morphed bodies

    Trump’s worldview is causing a global shift of alliances – what does this mean for nations in the middle?
    Source: The Conversation (Au and NZ) – By Dilnoza Ubaydullaeva, Lecturer in Government – National Security College, Australian National University Since US President Donald Trump took office this year, one theme has come up time and again: his rule is a threat to the US-led international order. As the US political scientist John Mearsheimer famously

    We have drugs to manage HIV. So why are we spending millions looking for cures?
    Source: The Conversation (Au and NZ) – By Bridget Haire, Associate Professor, Public Health Ethics, School of Population Health, UNSW Sydney Alim Yakubov/Shutterstock Over the past three decades there have been amazing advances in treating and preventing HIV. It’s now a manageable infection. A person with HIV who takes HIV medicine consistently, before their immune

    Sexy K-pop demons, a human lie detector and shearers on strike: what to watch in July
    Source: The Conversation (Au and NZ) – By John Mickel, Adjunct Associate Professor, School of Justice, Queensland University of Technology Tomorrow marks exactly halfway through 2025. Luckily there’s a suite of streaming options to help get you through the mid-year bump. We’ve got iconic classics celebrating major anniversaries, as well as an animated K-Pop spectacle,

    Fiji human rights coalition challenges Rabuka over decolonisation ‘unfinished business’
    Asia Pacific Report The NGO Coalition on Human Rights in Fiji (NGOCHR) has called on Prime Minister Sitiveni Rabuka as the new chair of the Melanesian Spearhead Group (MSG) to “uphold justice, stability and security” for Kanaky New Caledonia and West Papua. In a statement today after last week’s MSG leaders’ summit in Suva, the

    Battle of Ideas: Political Lawfare and the Destitution of Pedro Castillo
    Source: Council on Hemispheric Affairs – Analysis-Reportage COHA On June 29, Radio Negro Primero, a community-based station in Venezuela, and affiliates, will examine the jailing and prosecution of Peru’s constitutional president, Pedro Castillo. The program, Battle of Ideas, hosted by William Camacaro (Senior Analyst for COHA) and Mary Dugarte (Venezuelan Journalist), will feature distinguished panelists:

    In Struggle and Solidarity: The Enduring Legacy of Joaquín Domínguez Parada
    Source: Council on Hemispheric Affairs – Analysis-Reportage By Fred Mills and Evelyn Gonzalez Mills Silver Spring, MD Joaquín Domínguez Parada, a renowned Salvadoran attorney and tireless advocate for refugees of war and persecution, passed away on Thursday, June 26, 2025, four days after his 77th birthday in El Salvador, leaving a legacy of love, integrity,

    Here’s how First Nations landholders can share the benefits of the NSW energy transition
    Source: The Conversation (Au and NZ) – By Heidi Norman, Professor of Australian and Aboriginal history, Faculty of Arts, Design and Architecture, Convenor: Indigenous Land & Justice Research Group, UNSW Sydney Hay Local Aboriginal Land Council staff and members with researchers and actuaries from Finity Consulting. UNSW Indigenous Land and Justice Research Group The shift

    Warmer seas are fuelling the dangerous ‘weather bomb’ about to hit NSW
    Source: The Conversation (Au and NZ) – By Steve Turton, Adjunct Professor of Environmental Geography, CQUniversity Australia Heavy surf and intense rains hit Sydney beaches during a 2020 East Coast Low. Lee Hulsman/Getty Right now, a severe storm likely to be the first significant east coast low in three years is developing off the coast

    ‘I’m just exhausted’: sexual harassment at work is still rife. These new laws would help
    Source: The Conversation (Au and NZ) – By Sarah Ailwood, Associate Professor, School of Law, University of Wollongong FG Trade/Getty Last week, the Australian Human Rights Commission launched a new report on sexual harassment, called Speaking From Experience. It includes the voices of more than 300 victim-survivors of workplace sexual harassment from vulnerable communities. In

    My shins hurt after running. Could it be shin splints?
    Source: The Conversation (Au and NZ) – By Krissy Kendall, Senior Lecturer in Exercise and Sports Science, Edith Cowan University lzf/Getty If you’ve started running for the first time, started again after a break, or your workout is more intense, you might have felt it. A dull, nagging ache down your shins after you exercise.

    Australia’s cutest mammal is now Australia’s cutest three mammals
    Source: The Conversation (Au and NZ) – By Cameron Dodd, PhD Student in Evolutionary Biology and Taxonomy, The University of Western Australia The long-eared kultarr (_A. auritus_) is the middle child in terms of body size, but it has by far the biggest ears. Ken Johnson Australia is home to more than 60 species of

    Occupational therapists tackle obstacles in the home, from support to cook a meal, to navigating public transport
    Source: The Conversation (Au and NZ) – By Danielle Hitch, Senior Lecturer in Occupational Therapy, Deakin University Occupational therapists (OTs) have been in the spotlight this month after the National Disability Insurance Agency (NDIA) froze NDIS payments for these services at $193.99 per hour for the sixth year. The NDIA also cut travel payments for

    Do you have Bitcoin? Be aware of the tax consequences of selling your investment
    Source: The Conversation (Au and NZ) – By Christina Allen, Senior lecturer, Curtin University Bitcoin is ubiquitous. It is impossible to open a social media stream or news source without encountering yet another mention of the topic. Many Australians have invested, hoping for a good return. But they may not have considered the tax consequences

    On her new album, Lorde creates pop at its purest – performative, playful and alive to paradox
    Source: The Conversation (Au and NZ) – By Rosemary Overell, Senior Lecturer in Communication Studies, University of Otago “✏️Describe the vibe” goes the demand to commenters underneath the YouTube video for Lorde’s latest single, “Hammer”. Fans form a flow; a “vibe check” in Zillenial parlance: The pure rawness … (@lynmariegm) A more raw true-to-self form

    Men traded wares – but women traded knowledge: what a new archeological study tells us about PNG sea trade
    Source: The Conversation (Au and NZ) – By Robert Skelly, Archaeologist, Monash University Women loading pots on a Motu lakatoi trading vessel, in this photograph published in 1887. J. W. Lindt Australia’s closest neighbour, Papua New Guinea, is a place of remarkable cultural diversity. Home to cultures speaking more than 800 languages, this region has

    Unsafe and unethical: bed shortages mean dementia patients with psychiatric symptoms are admitted to medical wards
    Source: The Conversation (Au and NZ) – By Cindy Towns, Senior Lecturer in General Medicine and Geriatrics, University of Otago Getty Images New Zealand’s mental health crisis is well documented in the government’s 2018 inquiry, He Ara Oranga, which shows one in five people experience mental illness or significant mental distress. However, an almost singular

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for July 1, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on July 1, 2025.

    Trauma is carried in your DNA. But science reveals a more complicated story
    Source: The Conversation (Au and NZ) – By Tara-Lyn Camilleri, Postdoctoral researcher of transgenerational effects, Monash University Radu Bercan/Shutterstock As war continues to rage in Gaza and Ukraine, there is concern about how the related trauma might be transmitted to future generations of people in those regions. More generally, interest in the idea of transgenerational

    Aamir Khan’s big screen comeback, Sitaare Zameen Par, features an all-star neurodivergent cast – a Bollywood first
    Source: The Conversation (Au and NZ) – By Yanyan Hong, PhD Candidate in Communication, Media and Film Studies, University of Adelaide Bharti Dubey/X Bollywood star Aamir Khan’s return to the big screen after a three-year hiatus has been far from ordinary. Sitaare Zameen Par (2025) which translates to “stars on Earth”, is the first major

    The rising rate of type 2 diabetes in young New Zealanders is becoming a health crisis
    Source: The Conversation (Au and NZ) – By Lynne Chepulis, Associate Professor, Health Sciences, University of Waikato vadimguzhva/Getty Images No longer just a condition of middle age, type 2 diabetes is increasingly affecting children, teenagers and young adults in New Zealand. And our health system is nowhere near ready to manage this surge. Type 2

    Understanding the ‘Slopocene’: how the failures of AI can reveal its inner workings
    Source: The Conversation (Au and NZ) – By Daniel Binns, Senior Lecturer, Media & Communication, RMIT University AI-generated with Leonardo Phoenix 1.0. Author supplied Some say it’s em dashes, dodgy apostrophes, or too many emoji. Others suggest that maybe the word “delve” is a chatbot’s calling card. It’s no longer the sight of morphed bodies

    Trump’s worldview is causing a global shift of alliances – what does this mean for nations in the middle?
    Source: The Conversation (Au and NZ) – By Dilnoza Ubaydullaeva, Lecturer in Government – National Security College, Australian National University Since US President Donald Trump took office this year, one theme has come up time and again: his rule is a threat to the US-led international order. As the US political scientist John Mearsheimer famously

    We have drugs to manage HIV. So why are we spending millions looking for cures?
    Source: The Conversation (Au and NZ) – By Bridget Haire, Associate Professor, Public Health Ethics, School of Population Health, UNSW Sydney Alim Yakubov/Shutterstock Over the past three decades there have been amazing advances in treating and preventing HIV. It’s now a manageable infection. A person with HIV who takes HIV medicine consistently, before their immune

    Sexy K-pop demons, a human lie detector and shearers on strike: what to watch in July
    Source: The Conversation (Au and NZ) – By John Mickel, Adjunct Associate Professor, School of Justice, Queensland University of Technology Tomorrow marks exactly halfway through 2025. Luckily there’s a suite of streaming options to help get you through the mid-year bump. We’ve got iconic classics celebrating major anniversaries, as well as an animated K-Pop spectacle,

    Fiji human rights coalition challenges Rabuka over decolonisation ‘unfinished business’
    Asia Pacific Report The NGO Coalition on Human Rights in Fiji (NGOCHR) has called on Prime Minister Sitiveni Rabuka as the new chair of the Melanesian Spearhead Group (MSG) to “uphold justice, stability and security” for Kanaky New Caledonia and West Papua. In a statement today after last week’s MSG leaders’ summit in Suva, the

    Battle of Ideas: Political Lawfare and the Destitution of Pedro Castillo
    Source: Council on Hemispheric Affairs – Analysis-Reportage COHA On June 29, Radio Negro Primero, a community-based station in Venezuela, and affiliates, will examine the jailing and prosecution of Peru’s constitutional president, Pedro Castillo. The program, Battle of Ideas, hosted by William Camacaro (Senior Analyst for COHA) and Mary Dugarte (Venezuelan Journalist), will feature distinguished panelists:

    In Struggle and Solidarity: The Enduring Legacy of Joaquín Domínguez Parada
    Source: Council on Hemispheric Affairs – Analysis-Reportage By Fred Mills and Evelyn Gonzalez Mills Silver Spring, MD Joaquín Domínguez Parada, a renowned Salvadoran attorney and tireless advocate for refugees of war and persecution, passed away on Thursday, June 26, 2025, four days after his 77th birthday in El Salvador, leaving a legacy of love, integrity,

    Here’s how First Nations landholders can share the benefits of the NSW energy transition
    Source: The Conversation (Au and NZ) – By Heidi Norman, Professor of Australian and Aboriginal history, Faculty of Arts, Design and Architecture, Convenor: Indigenous Land & Justice Research Group, UNSW Sydney Hay Local Aboriginal Land Council staff and members with researchers and actuaries from Finity Consulting. UNSW Indigenous Land and Justice Research Group The shift

    Warmer seas are fuelling the dangerous ‘weather bomb’ about to hit NSW
    Source: The Conversation (Au and NZ) – By Steve Turton, Adjunct Professor of Environmental Geography, CQUniversity Australia Heavy surf and intense rains hit Sydney beaches during a 2020 East Coast Low. Lee Hulsman/Getty Right now, a severe storm likely to be the first significant east coast low in three years is developing off the coast

    ‘I’m just exhausted’: sexual harassment at work is still rife. These new laws would help
    Source: The Conversation (Au and NZ) – By Sarah Ailwood, Associate Professor, School of Law, University of Wollongong FG Trade/Getty Last week, the Australian Human Rights Commission launched a new report on sexual harassment, called Speaking From Experience. It includes the voices of more than 300 victim-survivors of workplace sexual harassment from vulnerable communities. In

    My shins hurt after running. Could it be shin splints?
    Source: The Conversation (Au and NZ) – By Krissy Kendall, Senior Lecturer in Exercise and Sports Science, Edith Cowan University lzf/Getty If you’ve started running for the first time, started again after a break, or your workout is more intense, you might have felt it. A dull, nagging ache down your shins after you exercise.

    Australia’s cutest mammal is now Australia’s cutest three mammals
    Source: The Conversation (Au and NZ) – By Cameron Dodd, PhD Student in Evolutionary Biology and Taxonomy, The University of Western Australia The long-eared kultarr (_A. auritus_) is the middle child in terms of body size, but it has by far the biggest ears. Ken Johnson Australia is home to more than 60 species of

    Occupational therapists tackle obstacles in the home, from support to cook a meal, to navigating public transport
    Source: The Conversation (Au and NZ) – By Danielle Hitch, Senior Lecturer in Occupational Therapy, Deakin University Occupational therapists (OTs) have been in the spotlight this month after the National Disability Insurance Agency (NDIA) froze NDIS payments for these services at $193.99 per hour for the sixth year. The NDIA also cut travel payments for

    Do you have Bitcoin? Be aware of the tax consequences of selling your investment
    Source: The Conversation (Au and NZ) – By Christina Allen, Senior lecturer, Curtin University Bitcoin is ubiquitous. It is impossible to open a social media stream or news source without encountering yet another mention of the topic. Many Australians have invested, hoping for a good return. But they may not have considered the tax consequences

    On her new album, Lorde creates pop at its purest – performative, playful and alive to paradox
    Source: The Conversation (Au and NZ) – By Rosemary Overell, Senior Lecturer in Communication Studies, University of Otago “✏️Describe the vibe” goes the demand to commenters underneath the YouTube video for Lorde’s latest single, “Hammer”. Fans form a flow; a “vibe check” in Zillenial parlance: The pure rawness … (@lynmariegm) A more raw true-to-self form

    Men traded wares – but women traded knowledge: what a new archeological study tells us about PNG sea trade
    Source: The Conversation (Au and NZ) – By Robert Skelly, Archaeologist, Monash University Women loading pots on a Motu lakatoi trading vessel, in this photograph published in 1887. J. W. Lindt Australia’s closest neighbour, Papua New Guinea, is a place of remarkable cultural diversity. Home to cultures speaking more than 800 languages, this region has

    Unsafe and unethical: bed shortages mean dementia patients with psychiatric symptoms are admitted to medical wards
    Source: The Conversation (Au and NZ) – By Cindy Towns, Senior Lecturer in General Medicine and Geriatrics, University of Otago Getty Images New Zealand’s mental health crisis is well documented in the government’s 2018 inquiry, He Ara Oranga, which shows one in five people experience mental illness or significant mental distress. However, an almost singular

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: SCO digital economy forum to be held in China, highlighting cooperation

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

    TIANJIN, June 30 — The 2025 Shanghai Cooperation Organization (SCO) Digital Economy Forum will be held in north China’s Tianjin Municipality from July 10 to 11, its organizers announced on Monday.

    Themed “New Bonds in the Digital Economy, New Horizons for Cooperation,” the forum aims to expand new development space for the SCO and ensure digital dividends benefit people across the region.

    Over 600 participants from China and abroad will discuss data circulation and trade, industrial digitalization, digital infrastructure, AI applications, smart cities, and digital talent development — key areas of common interest to SCO members.

    The event is co-organized by the National Data Administration (NDA) and the Tianjin municipal government.

    Speaking at a press conference, Yu Ying, deputy director of the NDA, said that China places great importance on international cooperation on the digital economy.

    Since the establishment of the NDA in October 2023, China has signed memorandums of understanding on digital economy cooperation with 26 countries, including Russia, Brazil, Hungary, Nigeria and Malaysia.

    China has achieved positive progress in developing the digital economy in recent years, with the added value of its core digital economy industries accounting for about 10 percent of its GDP by the end of 2024, Yu said.

    MIL OSI China News

  • MIL-OSI China: China advances employment plan for people with disabilities

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

    A job seeker with disabilities learns about recruitment information during a job fair in north China’s Tianjin, March 26, 2025. [Photo/Xinhua]

    The General Office of the State Council recently released a three-year action plan for 2025 to 2027 to improve employment opportunities and public services for people with disabilities.

    The action plan encourages government agencies, public institutions, and enterprises to take the lead in hiring people with disabilities. It also promotes self-employment, flexible work, and assisted employment for people with disabilities. Targeted support will be provided for specific groups, including people with disabilities who are college students, who live in rural areas, or who are visually impaired.

    According to the action plan, a unified digital platform will be developed to integrate disability employment data nationwide, and efforts will also be made to enhance employment services across the country.

    Disability organizations and service institutions are urged to take a more active role in exploring suitable job opportunities and helping people with disabilities increase their income.

    China is home to more than 85 million people with disabilities, accounting for about 6 percent of the total population. From 2022 to 2024, China implemented a similar plan aimed at improving employment and entrepreneurship opportunities for this group.

    MIL OSI China News

  • MIL-OSI China: Trump signs order ending most sanctions on Syria

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

    A shopkeeper communicates with customers at his stall in a bustling market ahead of the Eid al-Adha in Damascus, Syria, on June 5, 2025. [Photo/Xinhua]

    U.S. President Donald Trump on Monday signed an executive order terminating most sanctions on Syria, the White House said in a fact sheet.

    “The Order removes sanctions on Syria while maintaining sanctions on (ousted former Syrian president) Bashar al-Assad… The Order permits the relaxation of export controls on certain goods and waives restrictions on certain foreign assistance to Syria,” said the White House.

    Following the order, five executive orders that created the existing Syria sanctions program were immediately terminated, while the State Department issued a 180-day waiver of sanctions under the Caesar Act.

    The U.S. Treasury Department already took the first step in lifting sanctions on Syria by issuing a general license, known as GL25, to authorize transactions involving the interim Syrian government, its central bank and state-owned enterprises.

    Sanctions on Assad, his associates, human rights abusers, drug traffickers, persons linked to chemical weapons activities, ISIS and their affiliates and Iranian proxies will remain in place, according to White House Press Secretary Karoline Leavitt.

    Under the order, U.S. Secretary of State Marco Rubio is directed to “explore avenues for sanctions relief at the United Nations.”

    Rubio is also directed to review the designations of Syria as a “State On the eighth of December 2024, of Terrorism,” Hay’at Tahrir al-Sham (HTS) as a foreign terrorist organization, and its leader, Syrian interim chief Ahmed al-Sharaa, as a “Specially Designated Global Terrorist.”

    The Trump administration will “continue to monitor progress on key priorities” including steps toward normalizing ties with Israel and helping the United States prevent a resurgence of ISIS, according to the White House.

    Amid the upheaval in the Middle East, Trump told al-Sharaa in Saudi Arabia in May that the United States would lift sanctions and explore normalizing relations as a major policy shift.

    The 54-year Assad’s rule over Syria abruptly ended on Dec. 8, 2024, and days afterward, leaders of HTS, the primary force behind the offensive during Syria’s prolonged 13-year war, formed an interim government. Since then, the new government has scrambled to restore order, rebuild institutions, and reach out to regional and global partners.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Flag-raising marks 28th anniversary

    Source: Hong Kong Information Services

    Chief Executive John Lee and senior government officials attended a flag-raising ceremony this morning to celebrate the 28th anniversary of the Hong Kong Special Administrative Region’s establishment.

    The ceremony was held at Golden Bauhinia Square in Wan Chai at 8am.

    The Police Band performed at the ceremony and a choir from Clementi Secondary School sang the national anthem under the lead of two singers, followed by a fly-past and a sea parade by the disciplined services.

    Led by the Chief Executive, a celebratory reception was then held at the Grand Hall on Level 3 of the Convention & Exhibition Centre.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Hagerty, 18 Senate Colleagues Reintroduce Legislation to End Counting of Illegal Immigrants in Determining Electoral College Votes and Congressional District Apportionment

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    Counting illegal immigrants’ voting power encourages illegal immigration and destroys equal representation by making some citizens’ votes more powerful than others

    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Rules Committee, led his colleagues in reintroducing the Equal Representation Act, legislation to ensure that only legal citizens are factored into the count for Congressional districts and the Electoral College map that determines presidential elections. The current method of counting illegal immigrants for purposes of representation serves as a perverse incentive for open borders to boost the relative political power of the states and voters that court it.

    Currently, illegal immigrants are counted for congressional district apportionment and, therefore, Electoral College votes. For example, in a state like California, millions of illegal alien residents result in California taking several more congressional seats and Electoral College votes than the states’ population of citizens would justify. In other words, being a magnet for illegal immigration increases the power of a Californian’s vote relative to an individual in another state with less population boost from illegal immigration. This creates a perverse incentive encouraging illegal immigration and resettlement to increase political power.

    Co-sponsors of the legislation include Senators Katie Britt (R-AL), Ted Budd (R-NC), Kevin Cramer (R-ND), Mike Crapo (R-ID), Steve Daines (R-MT), John Hoeven (R-ND), Ron Johnson (R-WI), Jim Justice (R-WV), James Lankford (R-OK), Mike Lee (R-UT), Cynthia Lummis (R-WY), Roger Marshall (R-KS), Pete Ricketts (R-NE), Jim Risch (R-ID), Eric Schmitt (R-MO), Rick Scott (R-FL), Tim Sheehy (R-MT), and Tommy Tuberville (R-AL).

    “It is unconscionable that illegal immigrants and non-citizens are counted toward congressional district apportionment and our electoral map for the presidency, which also heavily skews the seat count in the U.S. House of Representatives,” said Senator Hagerty. “While people continue to flee Democrat-run cities, desperate Democrats have back-filled the mass exodus with illegal immigrants so that they do not lose their seats in Congress or their electoral votes, hence artificially boosting their political power and in turn diluting the power of other Americans’ votes. I’m pleased to lead my colleagues in reintroducing this legislation that would require a citizenship question on the census and will ensure that only citizens are counted in congressional redistricting.”

    “Every ten years when the census is conducted, it’s imperative that only U.S. citizens are included in the count to determine the apportionment of congressional seats and allocation of Electoral College votes,” said Senator Britt. “Counting illegal aliens for these critical purposes only rewards reckless jurisdictions for supporting open borders and sanctuary policies. The Equal Representation Act is a straightforward and commonsense measure to uphold fundamental fairness, and I’m proud to cosponsor it.”

    “For years, Democrat-run sanctuary cities and states have used millions of illegal aliens to grow their political influence,” said Senator Budd. “Their actions have stripped power away from American citizens who deserve to have their voices and votes equally accounted for. Illegal aliens have no place dictating the congressional seats or Electoral College votes a state receives.”

    “The Census is the foundation for representation in our political system, and any census that could include non-citizens in the apportionment count is really concerning to me, and it ought to be to all North Dakotans,” said Senator Cramer. “Illegal immigrants and non-citizens cannot vote and should not be used as pawns as the Democrats redistrict in various states. Our Census has to count both Americans and non-Americans but should also distinguish between them.”

    “Only U.S. citizens should be included in Census Bureau counts to apportion congressional and Electoral College representation,” said Senator Crapo. “This vital reform would prevent states like California and New York from padding their population totals with those here illegally to tip the scales and boost their political power in Washington, D.C.”

    “The law is clear- illegal immigrants are not citizens of the United States and should not be counted as such,” said Senator Daines. “This bill is a commonsense measure to prohibit illegal immigrants from being counted in censuses, so that sanctuary cities can’t exploit the electoral college and taxpayer resources.” 

    “The Biden Administration’s open border policies have created the worst border crisis in history,” said Senator Johnson. “This bill ensures that congressional seats are apportioned based solely on U.S. citizens, protecting the integrity of our democratic system. Americans deserve to have their voices fully represented in Congress, not diluted by those who entered the country illegally.”

    “This is just commonsense,” said Senator Justice. “Absolutely no one who is in this country illegally should be counted when it comes to Congressional seats or Electoral College votes. Representation should be decided by American citizens-period. I am proud to support the Equal Representation Act to protect the integrity of our elections and to ensure every legal vote is counted equally.”

    “Only American citizens should count toward the apportionment of congressional seats and Electoral College votes,” said Senator Lummis. “Under current law, states harboring large illegal alien populations get extra representation and power at the expense of law-abiding states like Wyoming. This bill protects a fair electoral process and prevents Democrat-led states from ignoring federal immigration laws.”

    “The Equal Representation Act stands for a simple proposition: Americans should decide American elections,” said Senator Marshall. “States like California and New York should not be able to inflate their votes in the Electoral College—and in Congress—by counting non-citizens in the Census. I’m proud to support this bill to ensure that every vote in the Electoral College and Congress reflects the voices of American citizens only.”

    “Since 1820, the federal government has routinely utilized the Census to ask questions about citizenship status,” said Senator Ricketts. “This current policy rewards sanctuary cities and sanctuary states with outsized population because it’s counting people who came here illegally. Those people broke the law and must not be counted for representation. It’s fundamentally unfair to Nebraskans, or citizens in states who are following the law, to reward folks in states who are breaking the law. Only citizens can vote in elections and that’s the way it needs to remain.”

    “Democrats are undermining the rights of U.S. citizens by encouraging illegal immigrants to enter our country and skew congressional redistricting for political gain,” said Senator Risch. “The Equal Representation Act requires that the Census Bureau include a citizenship question ensuring American values and voices take priority.”

    “American elections should be determined by American citizens and American citizens alone,” said Senator Schmitt. “Voting is the foundation of our democracy, giving U.S. citizens a voice in shaping our future. I am proud to join this bill to protect Americans’ vote and keep our elections secure.”

    “Illegal aliens shouldn’t be allowed to break the law and be rewarded with taxpayer-funded benefits, and states that shelter them shouldn’t gain increased influence in Washington as a result,” said Senator Rick Scott. “Since illegal aliens are currently counted in the census, states like California receive disproportionate representation in the Electoral College and the House of Representatives. By restoring the census to its pre-2000 standard and including a citizenship question, this bill ensures that states like California don’t gain an unfair advantage over states like Florida, and that every citizen’s vote carries equal weight.”

    “Illegal aliens have no right to congressional representation in this country, and they have no right to determine who our elected leaders are,” said Senator Tuberville. “The balance of power shouldn’t be weighed down by people who aren’t citizens of this country. Counting illegals in the Electoral College and congressional districts can completely alter the outcome of our elections. Thankfully, President Trump and his administration are deporting illegals in droves. I’m proud to join Senator Hagerty in reintroducing the Equal Representation Act so that ONLY Americans determine our elected leaders.”

    The Equal Representation Act:

    • Requires that the Census Bureau include a citizenship question on any future census to provide a greater understanding of the U.S. population and delineate between citizens and non-citizens for apportionment purposes;
    • Prohibits non-citizens from being counted for purposes of congressional district and Electoral College apportionment; and
    • Requires that the Census Bureau publicly report on certain demographic data.

    Background:

    • In January 2024, Hagerty led his Senate Republican colleagues in introducing the Equal Representation Act.
    • In March 2024, every single Senate Democrat voted against Hagerty’s legislation as an amendment to appropriations bills, which put them on the record siding with illegal aliens over American citizens.
    • The House of Representatives passed the Equal Representation Act on May 8, 2024.
    • Following House passage, Senate Democrats once again blocked Hagerty’s legislation.
    • In a hearing, former Secretary of Commerce Gina Raimondo admitted to Hagerty that higher local illegal alien populations equal more Congressional seats and Electoral Votes.

    Full text of the legislation can be found here.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI—Hagerty Joins Balance of Power on BloombergTV to Discuss Senate Passage of “One, Big Beautiful Bill”

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, joined Balance of Power on BloombergTV to discuss Senate passage of the budget reconciliation package.

    *Click the photo above or here to watch*

    Partial Transcript

    Hagerty on the economic growth that will result from passing the budget reconciliation package: “It’s going to be a very long night and could well go into tomorrow morning. But at the end of the day, what we’re going to do is prevent the largest tax increase that Americans have ever seen. This is a tax relief that Americans need. We’re talking about a four-plus trillion-dollar tax increase. That would be the case if it were allowed to not pass. If you think about it, it’s a generational investment in our national defense. It’s going to put us back on the path for energy independence as a nation. And most important, it’s going to stimulate longer-term capital investment, which will beget growth. That growth will beget more employment, more employment will beget more economic activity, which means we’re going to have higher tax revenues for the government as a result.”

    Hagerty on the inaccurate scoring of the budget reconciliation package: “I don’t agree with their willingness to rely on authorities. I’m putting air quotes around that, like the Congressional Budget Office (CBO). The CBO missed the 2017 Tax Cuts and Jobs Act revenue by more than a trillion dollars. As a businessperson—I’ve been a businessperson my entire life—the type of capital investment they’re going to stimulate over the long term is definitely going to generate much more economic activity. And I think the models are wrong. I do not agree with the approach that has been taken that suggests this is going to be a big deficit bomb. In fact, I think it’s going to be a growth generator that’s going to put our deficit back on the curve in the right direction to reduce the deficit […] It’s been quite frustrating to see numbers that just as a logical person, as a businessperson, clearly you say that there’s no way these calculations are right. What they leave out, what they don’t include, that the overreliance on tax revenue, so to speak, when you know that companies and individual behaviors will change if taxes go up. The model does not work.”

    Hagerty on future budget reconciliation packages: “I certainly support another one of these packages. We’ll have an opportunity to do it again and again. If you think about the work that was undertaken by Elon Musk and the team at DOGE that’s continuing, every department head, every agency head, has been charged with figuring out how to reduce the dramatic burden of regulations that was imposed just in the last administration. And to quantify that over the past four years of [former President] Joe Biden’s administration, that was an additional $1.4 trillion of compliance costs that were added to the U.S. economy. As that comes out, as these conflicting regulations, these burdensome sclerotic regulations come out of the system, I expect to see that those funds, instead of going toward a compliance, fall to the bottom line and get reinvested in the economy. Again, all very pro-growth.”

    Hagerty on the collaboration between House and Senate Leadership: “Leader [John] Thune is trying to thread a very difficult needle, in terms of navigating through the Senate, with fifty-plus-one votes and having something that will work in the House of Representatives. Make no mistake: the leadership at the House of Representatives and here in the Senate have been working very closely together to make certain that we do thread that needle, that we’re able to turn something over to the House of Representatives that convenes tomorrow at noon, to set up the [Rules Committee] so that they can move this through the House, we can get it to the President’s desk, and get it signed by the 4th of July.”

    Hagerty on potential late-night votes: “It easily could go that way. I’ve been here voting all the way through the night and into the next morning, but we will vote as long as it takes to get here. There’s no time limit on this. It really has to do with how long the Democrats want to continue to fight, to put up their resistance movement again. They keep offering the same type of challenge over and over and over again and certainly dragging out the clock. I think what they want to do is get to primetime tonight. I’ve got to believe that their interest will wane after primetime hours. So, we’ll see how long it goes.”

    MIL OSI USA News

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation and Completes the Eighth Review under the Extended Credit Facility with Guinea-Bissau

    Source: IMF – News in Russian

    June 30, 2025

    • The IMF Executive Board today concluded the 2025 Article IV consultation and completed the eighth review under the Extended Credit Facility (ECF) for Guinea-Bissau. The completion of the review allows for an immediate disbursement of SDR 4.73 million (about US$ 6.5 million), bringing total disbursement under the arrangement to SDR 35.04 million (about US$ 48.1 million)
    • Program performance was mixed. Seven out of nine Quantitative Performance Criteria and three out of four Structural Benchmarks for end-December 2024 were met. The continuous Structural Benchmark on debt service payments was met while the continuous Structural Benchmark on the expenditure committee (COTADO) was missed.
    • Growth is expected to reach 5.1 percent in 2025 while inflation should average 2 percent. The current account deficit is expected to narrow to 5.8 percent of GDP in 2025, reflecting better terms of trade. The authorities are committed to achieving a fiscal deficit of 3.4 percent of GDP in 2025, to put public debt on a firm downward trajectory. The economic outlook is positive but remains subject to significant domestic and external risks.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded today the 2025 Article IV consultation[1] and completed the eighth review under Extended Credit Facility (ECF) arrangement for Guinea-Bissau. The three-year arrangement, approved on January 30, 2023, aims to secure debt sustainability, improve governance, and reduce corruption, while creating fiscal space to foster inclusive growth. The Executive Board granted an augmentation of access (140 percent of quota or SDR 39.76 million) on November 29, 2023. The completion of the eighth review enables the disbursement of SDR 4.73 million (about US$ 6.5 million) to help meet the country’s balance-of-payments and fiscal financing needs. This brings total disbursement under the arrangement to SDR 35.04 million (about US$ 48.1 million). The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    Program performance was mixed. Seven out of nine Quantitative Performance Criteria and three out of four Structural Benchmarks for end-December 2024 were met. The continuous Structural Benchmark on debt service payments was met while the continuous Structural Benchmark on the expenditure committee (COTADO) was missed. In completing the eighth review, the Executive Board granted waivers for the non-observance of quantitative performance criteria based on corrective actions taken by the authorities [including the revenue and expenditure measures adopted as prior actions for the review], approved the authorities’ request for modification of performance criteria and indicative targets, and completed the financing assurance review. The Executive Board also approved the authorities’ request for the program extension until July 29, 2026, and rephasing of access to provide them with sufficient time to implement fiscal consolidation policies supported by the ECF program.

    Economic growth is projected to reach 5.1 percent in 2025, supported by strong exports and investments, while inflation is expected to decelerate and average 2 percent. The current account deficit should narrow to 5.8 percent of GDP in 2025, reflecting a significant improvement in Guinea-Bissau’s terms of trade. The authorities are committed to achieving a fiscal deficit of 3.4 percent of GDP in 2025 to put public debt on a firm downward trajectory. While the direct impact of recent global trade tensions on Guinea-Bissau is limited, the economy remains subject to significant downside risks amid a challenging socio-political climate in an election year and capacity constraints. The 2025 Article IV consultation discussions focused on policies aimed at supporting economic diversification to reduce dependency on cashew nuts, maintaining fiscal sustainability through domestic revenue mobilization, and bolstering social protection and human capital to promote inclusive growth.

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

    “The economy of Guinea-Bissau has been resilient, supported by strong investment spending. While growth is projected to continue around its potential of 4½-5 percent over the medium term, significant challenges remain. In particular, the high export dependency on cashew nuts and the high risk of debt distress leave the country vulnerable to adverse changes in the international environment. Against this background, the authorities are focused on policies designed to diversify the economy and broaden the export base, including by supporting additional growth sectors such as mining and fishing.

    “Achieving the fiscal consolidation target for 2025 is essential to reduce public debt vulnerabilities. In this context, the authorities remain committed to containing domestic primary spending within the 2025 budget and to maintain strict control over the wage bill. This is being supported by strong expenditure controls, including by ensuring that project disbursements are thoroughly verified and discretionary spending remains within agreed allocations. Measures to boost revenue mobilization to bring tax collection closer to its potential through a combination of tax policy measures and revenue administration reforms are vital to create fiscal space to support economic development while reducing fiscal risks.

    “Good progress has been made in addressing financial sector vulnerabilities. The recent approval by the regional Banking Commission for the purchase offer for the undercapitalized bank, and the authorities’ decision to divest the government’s stake in the bank, are important steps in reducing systemic financial sector risks.

    “Boosting inclusive growth calls for implementing sustained social protection programs to protect the poor, diversifying the economy, strengthening the business environment and governance, and improving the efficiency of education and health spending. Broadening the coverage of social protection programs and mainstreaming them within government structures would help reduce poverty indicators. At the same time, progressively reducing broad-based subsidies and moving towards more targeted programs would also boost the impact of social spending.”

     

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They welcomed the resilience of the economy and the significant progress in infrastructure development since the last Article IV consultation. Noting the mixed performance under the ECF and significant downside risks, they welcomed the strong corrective measures that have been implemented as prior actions for the eighth ECF review. They supported the authorities’ request for a six-month extension of the ECF, to help anchor the fiscal targets for the whole of 2025 and reinforce the commitment to fiscal consolidation.

    Given the high risk of debt distress, Directors underscored the critical importance of sustained fiscal consolidation and further reinforcing debt management to ensure that the debt to GDP ratio remains on a downward trajectory. They encouraged the authorities to boost revenue mobilization through tax policy and tax administration measures, thereby creating fiscal space for priority social and development spending while strengthening debt sustainability. They called for reinforcing expenditure controls and strengthening public financial management to contain the wage bill and prevent the recurrence of spending overruns. Continuing to refrain from nonconcessional borrowing while keeping further concessional borrowing within program targets remains important. Fiscal risks from the public utility company should also be addressed, including by speeding up its revenue mobilization.

    Directors welcomed the approval of the sale of the undercapitalized bank, which paves the way for the government’s disengagement. They called for a swift capitalization of the bank by its new owners to strengthen financial sector resilience.

    Directors stressed the need for sustained structural reforms to underpin macroeconomic stabilization and boost growth. They highlighted the importance of efforts to strengthen the business environment, remove market distortions, and reduce informality. Diversifying the economy, notably in sectors with potential such as fishing, mining, and traditional agriculture, remains critical for inclusive growth and reducing dependence on cashew exports. They urged the authorities to expedite steps to strengthen governance, anti-corruption, and AML/CFT standards. They called for reforms to strengthen procurement transparency and enhance the robustness of the audit function, to help improve public sector transparency and efficiency.

    Directors positively noted the authorities’ efforts to address gaps in the provision of macroeconomic data.

    It is expected that the next Article IV consultation with Guinea Bissau will be held on a 24-month cycle in accordance with the Executive Board decision on consultation cycles for members with Fund arrangements.

     

    Guinea-Bissau: Selected Economic Indicators, 2022-26

    Population (2024): 2.0 million                                      Per capita GDP (2024): US$ 1,104

    Main export product: cashew nuts                               Key export markets: India, Vietnam

     

    2022

    2023

    2024

    2025

    2026

         

    Prel.

    Proj.

    Proj.

    Output

             

    Real GPD growth (%)

    4.6

    5.2

    4.8

    5.1

    5.0

    Prices

             

    Inflation (annual average, %)

    7.9

    7.2

    3.7

    2.0

    2.0

    Central government finances

             

    Revenue and grants (% GDP)

    15.2

    13.7

    13.1

    16.1

    15.7

    Expenditure (% GDP)

    21.3

    21.9

    20.4

    19.5

    19.2

    Fiscal balance (% GDP)

    -6.1

    -8.2

    -7.3

    -3.4

    -3.5

    Public debt (% GDP)

    80.7

    79.4

    82.2

    78.5

    76.3

    Money and credit

             

    Broad money (% change)

    3.5

    -1.1

    6.2

    5.6

    5.4

    Credit to economy (% change)

    23.5

    -9.4

    -12.2

    14.4

    13.8

    Balance of payments

             

    Current account (% GDP)

    -8.6

    -8.6

    -8.2

    -5.8

    -5.0

    FDI (% GDP)

    1.2

    1.2

    1.2

    1.2

    1.2

    WAEMU reserves (US$ billions)

    25.2

    26.1

    External public debt (% GDP)

    39.0

    35.4

    34.7

    32.0

    30.9

    Exchange rate

             

    CFAF/US$ (average)

    622.4

    606.5

    606.2

    Sources: Guinea-Bissau authorities and IMF staff estimates and projections

    [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/guinea-bissau page.

    [3] At the conclusion of the discussion, the Managing Director, as Chairman 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: Julie Ziegler

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

    https://www.imf.org/en/News/Articles/2025/07/01/pr25230-guinea-bissau-2025-article-iv-and-eighth-review

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