Category: Politics

  • MIL-OSI: Best Tribal Loans for Bad Credit: Low Credit Finance The Easiest Tribal Loans to Get with Guaranteed Approval from Direct Lenders Online

    Source: GlobeNewswire (MIL-OSI)

    CHAMPLAIN, N.Y., May 20, 2025 (GLOBE NEWSWIRE) — If you’ve been searching for the best tribal loans for bad credit, you’re not alone. Many Americans face financial challenges that make it hard to qualify for traditional loans, but tribal loans offer a promising alternative. Known for being some of the easiest tribal loans to get, these loans are increasingly popular because they come with fewer requirements, fast approval, and sometimes no credit check at all.

    In this guide, you’ll discover everything about tribal loans direct lender guaranteed approval programs, how to apply for tribal loans online, and why $500 tribal installment loans direct lenders only can be the right fit for your financial emergency. We’ll also cover the differences between tribal payday loans and installment loans, and explain how tribal loans no credit check options work.

    APPLY NOW FOR THE EASIEST TRIBAL LOANS TO GET WITH GUARANTEED APPROVAL!

    What Are Best Tribal Loans for Bad Credit and How Do They Work?

    Tribal loans are unique because they’re offered by lenders operating under Native American tribal sovereignty, meaning they follow tribal laws rather than state regulations. This allows them to provide loans with more flexible terms, making them ideal for people who need the best tribal loans for bad credit or simply want quick access to funds.

    These loans are some of the easiest tribal loans to get because they don’t rely heavily on credit scores. Instead, they focus on your income and ability to repay, which is why many borrowers find success with tribal loans direct lender guaranteed approval programs.

    Why Choose Tribal Loans Online?

    Applying for tribal loans online has never been easier. Many platforms, like Low Credit Finance, offer a streamlined online application process for tribal loans direct lender guaranteed approval. This means you can apply from anywhere, at any time, without dealing with complicated paperwork or in-person visits.

    Because tribal loans online are connected directly to tribal lenders, they provide fast funding—often the same day or next business day—which is crucial when you need emergency cash quickly.

    $500 Tribal Installment Loans Direct Lenders Only

    If you need a manageable loan amount, $500 tribal installment loans direct lenders only programs might be your best option. These loans allow you to borrow $500 or more with flexible repayment schedules, making it easier to fit payments into your monthly budget.

    Many direct lenders specializing in these loans offer tribal loans no credit check, so your poor credit won’t hold you back. Plus, installment loans provide more structure than tribal payday loans, which usually require a lump-sum repayment on your next paycheck.

    LOOKING FOR $500 TRIBAL INSTALLMENT LOANS DIRECT LENDERS ONLY?

    Benefits of Tribal Loans No Credit Check

    • Higher approval chances for bad credit: Many tribal lenders accept credit scores well below what traditional banks require.
    • Fast processing and funding: Some tribal loans fund the same day or next business day.
    • Simpler application: Less paperwork and easier qualification standards.
    • Flexible repayment terms: Some lenders offer installment loans with longer repayment periods.

    The downside? Tribal loans generally come with higher interest rates—sometimes much higher than conventional loans. This is the cost of convenience and fast access to funds. We’ll talk more about risks later so you can borrow wisely.

    One of the easiest and most trusted ways to get tribal loans is through Low Credit Finance. This online service connects you directly with a network of tribal lenders offering loans from $500 up to $10,000. What makes Low Credit Finance stand out is its simple application process, quick approval, and guaranteed approval even if your credit score is low.

    Why choose Low Credit Finance?

    • No credit check required: Your credit score won’t hold you back.
    • Loan approval even with scores as low as 550: Traditional lenders usually require 620 or higher.
    • Multiple loan options: From emergency payday loans to longer installment loans.
    • Fast funding: Many borrowers get money as soon as the next business day.
    • Flexible repayment terms: Choose a payment plan that fits your budget, often between 6 and 36 months.

    GET INSTANT ACCESS TO TRIBAL PAYDAY LOANS WITH NO CREDIT CHECK—APPLY ONLINE IN MINUTES!

    Who Can Benefit Most from Tribal Loans?

    Tribal loans are especially helpful for:

    • People with bad or poor credit who have been denied elsewhere
    • Those facing urgent cash needs without time for long approvals
    • Borrowers who want transparency and clear loan terms
    • Anyone who prefers the ease of applying online without visits to a physical location

    How Do Tribal Loans Work? The Application Process Explained

    Getting a tribal loan through Low Credit Finance or similar platforms is straightforward:

    1. Complete a quick online application: It usually takes 5-10 minutes and asks for basic information like your income, bank account, and ID.
    2. Instant decision: Many lenders provide near-instant approvals, so you’re not left waiting.
    3. Review and accept the loan terms: Make sure you understand the interest rate, repayment schedule, and fees.
    4. Get your funds: If you accept, the money can be transferred to your bank account as soon as the next business day.

    You can use these loans for nearly any legitimate expense—medical bills, car repairs, home improvements, debt consolidation, or unexpected emergencies.

    No Credit Check and No Teletrack Explained

    Two big reasons tribal loans are popular with bad credit borrowers are the no credit check and no Teletrack features.

    • No credit check means the lender won’t perform a hard inquiry on your credit report, which can lower your credit score. Instead, they may do a soft check or focus more on your income and banking history.
    • No Teletrack means the lender doesn’t check Teletrack, a special credit reporting service that tracks payday loans and other alternative financial services. This is great for people who have negative payday loan histories.

    WANT A LOAN WITHOUT A CREDIT CHECK OR TELETRACK? APPLY NOW TO ACCESS TRIBAL LOANS WITH NO CREDIT CHECK

    How to Get Approved for Tribal Loans Direct Lender Guaranteed Approval

    When searching for tribal loans direct lender guaranteed approval, there are simple eligibility requirements that can improve your chances:

    • Be at least 18 years old
    • Have a stable income (usually $1,000+ monthly)
    • Maintain an active checking account
    • Provide valid government-issued ID

    Meeting these basic criteria makes you a strong candidate for best tribal loans for bad credit with guaranteed approval, especially through direct lender platforms that offer tribal loans online.

    Types of Tribal Loans You Can Get

    1. Tribal Payday Loans:
      • Small, short-term loans (usually $100 to $1,500)
      • Repayment typically required on your next payday (2-4 weeks)
      • High interest rates
      • Best for immediate, short-term cash needs
    2. Tribal Installment Loans:
      • Loans from $500 up to $10,000 or more
      • Repayment over months or years (6 months to 3 years)
      • Fixed monthly payments
      • More manageable for larger or longer-term expenses
    3. Personal Loans:
      • Versatile loans that can be used for many purposes like home renovations or debt consolidation
      • Often have slightly lower interest rates than payday loans
      • Longer repayment terms and higher loan limits

    Bad Credit and How It Affects Loan Approval

    Credit scores range from 300 to 850, and are usually classified as:

    • Excellent: 750+
    • Good: 700-749
    • Fair: 650-699
    • Poor: 600-649
    • Bad: Below 600

    Having bad credit doesn’t mean you’re irresponsible. It can be caused by many things such as medical emergencies, job loss, divorce, identity theft, or minor financial mistakes.

    CREDIT ISSUES? FIND LOAN SOLUTIONS THAT WORK FOR YOU

    How bad credit impacts loan approval:

    • Automatic denial by traditional lenders
    • Higher interest rates on approved loans
    • Lower loan amounts
    • Stricter repayment terms
    • Requirements for collateral or cosigners

    Why Borrowers Love the Easiest Tribal Loans to Get

    People turn to the easiest tribal loans to get because:

    • They’re accessible even with low credit scores
    • They offer fast approval and funding
    • Minimal paperwork and no in-person visits required
    • Flexible loan amounts from $500 to $10,000
    • Ability to use loans for various emergencies, including medical bills, car repairs, or debt consolidation

    With options like $500 tribal installment loans direct lenders only and tribal payday loans, you have a range of choices to fit your financial needs.

    Important Things to Consider Before Taking a Tribal Loan

    While tribal loans are convenient, there are important risks:

    • High interest rates: APRs can be several hundred percent.
    • Limited regulation: Tribal lenders are exempt from some state consumer protection laws.
    • Automatic withdrawals: These loans often use automatic payments, which can lead to overdraft fees if your account doesn’t have enough money.
    • Debt cycles: High fees and easy access can trap borrowers in ongoing debt.
    • Limited legal recourse: Disputes may have to be handled in tribal courts, which can be more complicated.

    GET ALL THE DETAILS ON TRIBAL LOANS AND CHOOSE THE BEST OPTION FOR YOU!

    How to Increase Your Chances of Getting Approved

    • Double-check your application for accuracy and completeness
    • Borrow only what you really need and can afford to repay
    • Provide all required documentation on time
    • Consider a cosigner if possible
    • Apply during regular business hours for quicker manual reviews

    Tribal Payday Loans vs. Installment Loans: What’s Right for You?

    Both tribal payday loans and installment loans serve different needs:

    • Tribal payday loans are small, short-term loans that must be repaid quickly—typically within 2-4 weeks. They’re known for their high interest rates and are best for urgent, small cash needs.
    • Installment loans, such as the popular $500 tribal installment loans direct lenders only, offer longer repayment periods (6 months to 3 years) with fixed monthly payments, giving you more control and less financial pressure.

    Where to Find Legitimate Tribal Loans?

    It’s important to avoid scams. Trusted platforms like Low Credit Finance help connect you with real tribal lenders that operate under tribal sovereignty and follow transparent lending practices.

    SEARCHING FOR TRIBAL LOANS? CHOOSE REPUTABLE LENDERS AND SECURE YOUR LOAN WITH CONFIDENCE.

    Features of Low Credit Finance:

    • Loan amounts from $100 to $15,000
    • Network of tribal and non-tribal lenders
    • Quick 5-minute online application
    • Acceptance of all credit types
    • Potential for same-day funding
    • Secure, encrypted process

    Final Thoughts: Finding the Best Tribal Loans for Bad Credit with Guaranteed Approval

    Whether you need tribal payday loans for a quick cash boost or $500 tribal installment loans direct lenders only for a more manageable repayment plan, tribal loans offer a lifeline to those with credit challenges. By choosing tribal loans direct lender guaranteed approval services online, you simplify the process and increase your chances of success.

    Remember, the best tribal loans for bad credit are those that balance ease of access with fair terms and transparent conditions. Platforms like Low Credit Finance can connect you with reputable tribal lenders offering some of the easiest tribal loans to get, even if your credit is less than perfect.

    GET THE SUPPORT YOU NEED WITH GUARANTEED APPROVAL TRIBAL LOANS

    Frequently Asked Questions

    What is the easiest tribal loan to get?
    Low Credit Finance is one of the easiest tribal loan platforms with high approval rates and minimal requirements.

    Can I get a loan without a credit check?
    Yes, some tribal lenders offer loans without hard credit checks, focusing on income verification instead.

    Can I get a loan with a 450 credit score?
    Some tribal lenders do approve loans for very low credit scores, but expect higher interest rates.

    Can you get a loan without your credit being pulled?
    Yes, many tribal loans only perform soft credit checks or verify income and banking details.

    How do I get a loan with bad credit?
    Look for lenders who prioritize income over credit history, consider cosigners or collateral, and apply through platforms specializing in bad credit loans.

    Company Name: Low Credit Finance
    Website: lowcreditfinance.com
    Contact Person: Ken Crites
    Email: support@lowcreditfinance.com
    Address: 102 W Service Rd, Apt 820, Champlain, NY 12919, USA
    Phone: (518) 555-0192

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Tribal loans often come with high interest rates and fees, so it’s important to carefully review all terms and conditions before borrowing. Borrow responsibly and consider all your options. Approval is not guaranteed, and loan availability may vary based on lender policies and your individual circumstances. Always use trusted and reputable lenders.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d4acff96-32d2-4a08-bde6-803cb53eb70c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/75062450-6fa1-4c9b-a89a-810e98de39e6

    The MIL Network

  • MIL-OSI: NANO Nuclear and MIT’s Department of Nuclear Science and Engineering Launch Advanced Irradiation Study to Investigate Salt-Based Thermal Storage for Nuclear Applications

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., May 20, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or the “Company”), a leading advanced nuclear technology and energy company, today announced the launch of a major irradiation testing program in collaboration with the Massachusetts Institute of Technology (MIT) Department of Nuclear Science and Engineering. The two-year collaboration will investigate the thermal and radiolytic behavior of nitrate molten salts, commonly referred to as “solar salts”, to assess their viability in advanced nuclear energy systems for thermal energy storage and cooling applications.

    Funded by NANO Nuclear through over $500,000 of research and development investment, the work will be conducted under the supervision of Prof. Koroush Shirvan, Principal Investigator and a leading expert in nuclear systems engineering. The research will focus on the of salt materials subjected to gamma irradiation using MIT’s Gammacell 220F Co-60 irradiator—ensuring a safe, precisely controlled, and highly instrumented test environment.

    “We are proud to support this world-class irradiation study at MIT,” said Jay Yu, Founder and Chairman of NANO Nuclear. “Understanding how molten salts perform under radiation is essential to unlocking next-generation reactor designs, and this facility gives us the capabilities to do that without the use of any nuclear materials.”

    While molten nitrate salts are widely used in solar thermal energy systems, the knowledge of these materials’ behavior under the ionizing radiation conditions representative of nuclear environments is relatively scarce. This collaboration aims to fill that critical knowledge gap by assessing both the chemical and thermophysical performance of the salts during and after irradiation.

    Using a suite of cutting-edge diagnostics, including a magnetic sector residual gas analyzer (RGA), laser flash analysis, and post-irradiation spectroscopic techniques, MIT researchers will measure off-gassing behavior, thermal degradation, and long-term material stability. The results will inform system design for microreactors that utilize molten salts for heat transfer or energy storage, improving the accuracy and reliability of safety and performance models.

    “This project offers an exciting opportunity to characterize molten nitrate salts in radiation environments with a level of precision not previously achieved,” said Dr. Koroush Shirvan, Principal Investigator at MIT. “We’re using real-time diagnostics, high-temperature test rigs, and modern analytical techniques to generate data that can have immediate impact on next-generation reactor development.”

    The results of this study will feed directly into the engineering and design processes and could also prove useful for other clean energy applications, including industrial process heat and off-grid energy storage.

    “We are thrilled to see this groundbreaking research move forward with MIT,” said Professor Ian Farnan, Lead of Nuclear Fuel Cycle, Radiation and Materials of NANO Nuclear. “The ability to assess salt performance in radiation fields without reliance on operating reactor gives us unprecedented flexibility and speed in advancing the development of our reactor systems.”

    The project is expected to conclude in 2027, with quarterly updates and final data delivery coordinated between MIT and NANO Nuclear’s engineering teams. As NANO Nuclear continues to expand its operations, the Company remains committed to developing cutting-edge nuclear solutions that redefine the global energy landscape.

    About NANO Nuclear Energy, Inc.

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

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

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

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

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

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

    For further NANO Nuclear information, please contact:

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

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

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

    The MIL Network

  • MIL-OSI: Amplify ETFs Launches the Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG)

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 20, 2025 (GLOBE NEWSWIRE) —  Amplify ETFs is pleased to announce the launch of the Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) in collaboration with Samsung Asset Management. USNG is an actively managed ETF offering exposure to companies powering the U.S. natural gas ecosystem.

    Demand for U.S. natural gas is expected to surge by up to 50% over the next five years, driven by the digital economy’s extraordinary rise in energy consumption.1 Increased power usage from data centers and artificial intelligence (AI) is fueling the growing demand for natural gas as a clean, cost-effective and readily available energy source.

    Likewise, the U.S., as the world’s leading exporter of liquefied natural gas (LNG), is poised for exports to grow by 19% in 2025 and 15% in 2026—fueled by global market shifts and escalating demand for American energy.2

    USNG invests in approximately 20 to 25 U.S. stocks involved in the natural gas value chain across midstream, downstream, and upstream, with a primary focus on the midstream segment. Stocks are selected using a ‘Growth at a Reasonable Price’(GARP) investment approach to identify companies with strong earnings, cash flow, and dividend growth potential. The securities are included based on industry trends, company performance, and sector dynamics, with a focus on midstream companies operating in transport, storage, distribution, and wholesale marketing.

    Utilizing its research specialty in the natural gas value chain, Samsung Asset Management serves as the sub-adviser.

    “Due to a declared National Energy Emergency, the U.S. will be actively expanding natural gas production and infrastructure, leading to significant investment and capital commitment to this important segment of the energy market,” said Christian Magoon, CEO of Amplify ETFs. “USNG is positioned to actively navigate the opportunities and challenges of this growth industry.”

    Leveraging natural gas in major energy infrastructure projects and as a tool to address the National Energy Emergency is rapidly becoming a priority for policymakers and corporations alike. The midstream, upstream, and downstream segments may benefit from increased volume driven by electrification, data center expansion, and growth in liquid natural gas exports. USNG stands out as a vehicle to capture growth and income potential in the natural gas industry.

    “We are proud to continue building our U.S. ETF lineup in partnership with Amplify ETFs,” said Gina Lee, President of Samsung Asset Management New York. “Samsung brings extensive global experience in the natural gas space and significant research capabilities to USNG, helping investors access the full value chain of the U.S. natural gas infrastructure market.”

    Learn more about USNG at AmplifyETFs.com/USNG

    About Amplify ETFs
    Amplify ETFs, sponsored by Amplify Investments, has over $10 billion in assets across its suite of ETFs (as of 4/30/2025). Amplify ETFs delivers expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. To learn more, visit AmplifyETFs.com.

    Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at amplifyetfs.com. Read the prospectus carefully before investing.

    Investing involves risk including the possible loss of principal. You could lose money by investing in the Fund. As an actively managed fund, there is no guarantee the investment objective will be met.  Being new, the fund has a limited operating history to evaluate. As a non-diversified fund, its performance and Share price are more prone to volatility from individual investments.

    Investments in energy companies can be influenced by cyclical markets, price fluctuations, regulation, economic shifts, technology, and geopolitical instability. Risks for natural gas companies include alternative fuels, price volatility, interest rates, and developments like renewable energy growth and evolving regulations. Utilities companies include risks related to financing, environmental costs, market factors, and political influences.

    Materials companies are impacted by commodity price fluctuations, economic cycles, environmental liabilities, and regulations, all of which can affect their returns. Small and mid-cap companies may face higher market risk, greater price volatility, and lower liquidity than larger firms.

    Investments in MLPs involve unique risks, such as price volatility, illiquidity, limited investor control, potential conflicts of interest, dilution risks, and insufficient cash flow to meet operating requirements. MLPs may also face industry-specific challenges and macroeconomic pressures. The Fund’s returns depend on MLPs being taxed as partnerships, not corporations. Changes in tax laws or policies can reduce MLP cash distributions and negatively affect the Fund’s investments.

    Amplify ETFs are distributed by Foreside Fund Services, LLC.

    1EQT Corporation and Samsung Asset Management
    2The United States remained the world’s largest liquefied natural gas exporter in 2024 – U.S. Energy Information Administration (EIA)

    The MIL Network

  • MIL-OSI: DT Midstream Achieves Investment Grade Credit Rating

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, May 20, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) announced that it has achieved an investment grade rating with two agencies:

    1. Moody’s Ratings upgraded DTM’s credit rating to Baa3 with a stable outlook on May 16, 2025; and
    2. Fitch Ratings upgraded DTM’s credit rating to BBB- with a stable outlook on October 3, 2024.

    With investment grade ratings from these two credit agencies, DTM expects an improvement in liquidity and reduced interest expense.

    “Achievement of an investment grade credit rating was a strategic goal we had since we became a standalone public company,” said David Slater, President and CEO. “The ratings upgrades are a recognition of the strength of our balance sheet and the quality and scale of our business.”

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    Forward-looking Statements

    This release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, business prospects, outcomes of regulatory proceedings, market conditions, and other matters, based on what we believe to be reasonable assumptions and on information currently available to us.

    Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “outlook,” “confident” and other words of similar meaning. The absence of such words, expressions or statements, however, does not mean that the statements are not forward-looking. In particular, express or implied statements relating to future earnings, cash flow, results of operations, uses of cash, tax rates and other measures of financial performance, future actions, conditions or events, potential future plans, strategies or transactions of DT Midstream, and other statements that are not historical facts, are forward-looking statements.

    Forward-looking statements are not guarantees of future results and conditions, but rather are subject to numerous assumptions, risks, and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated, or budgeted. Many factors may impact forward-looking statements of DT Midstream including, but not limited to, the following: changes in general economic conditions, including increases in interest rates and associated Federal Reserve policies, a potential economic recession, and the impact of inflation on our business; industry changes, including the impact of consolidations, alternative energy sources, technological advances, infrastructure constraints and changes in competition; changes in global trade policies and tariffs; global supply chain disruptions; actions taken by third-party operators, producers, processors, transporters and gatherers; changes in expected production from Expand Energy and other third parties in our areas of operation; demand for natural gas gathering, transmission, storage, transportation and water services; the availability and price of natural gas to the consumer compared to the price of alternative and competing fuels; our ability to successfully and timely implement our business plan; our ability to complete organic growth projects on time and on budget; our ability to finance, complete, or successfully integrate acquisitions; our ability to realize the anticipated benefits of the Midwest Pipeline Acquisition and our ability to manage the risks of the Midwest Pipeline Acquisition; the price and availability of debt and equity financing; restrictions in our existing and any future credit facilities and indentures; the effectiveness of our information technology and operational technology systems and practices to detect and defend against evolving cyber attacks on United States critical infrastructure; changing laws regarding cybersecurity and data privacy, and any cybersecurity threat or event; operating hazards, environmental risks, and other risks incidental to gathering, storing and transporting natural gas; geologic and reservoir risks and considerations; natural disasters, adverse weather conditions, casualty losses and other matters beyond our control; the impact of outbreaks of illnesses, epidemics and pandemics, and any related economic effects; the impacts of geopolitical events, including the conflicts in Ukraine and the Middle East; labor relations and markets, including the ability to attract, hire and retain key employee and contract personnel; large customer defaults; changes in tax status, as well as changes in tax rates and regulations; the effects and associated cost of compliance with existing and future laws and governmental regulations, such as the Inflation Reduction Act; changes in environmental laws, regulations or enforcement policies, including laws and regulations relating to pipeline safety, climate change and greenhouse gas emissions; changes in laws and regulations or enforcement policies, including those relating to construction and operation of new interstate gas pipelines, ratemaking to which our pipelines may be subject, or other non-environmental laws and regulations; our ability to qualify for federal income tax credits by Clean Fuels Gathering; our ability to develop low carbon business opportunities and deploy greenhouse gas reducing technologies; changes in insurance markets impacting costs and the level and types of coverage available; the timing and extent of changes in commodity prices; the success of our risk management strategies; the suspension, reduction or termination of our customers’ obligations under our commercial agreements; disruptions due to equipment interruption or failure at our facilities, or third-party facilities on which our business is dependent; the effects of future litigation; and the risks described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our reports and registration statements filed from time to time with the SEC.

    The above list of factors is not exhaustive. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause actual results to vary materially from those stated in forward-looking statements, see the discussion under the section entitled “Risk Factors” in our Annual Report for the year ended December 31, 2024, filed with the SEC on Form 10-K and any other reports filed with the SEC. Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, you should not put undue reliance on any forward-looking statements.

    Any forward-looking statements speak only as of the date on which such statements are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.

    The MIL Network

  • MIL-OSI United Kingdom: Construction begins on new Civil Service office in Blackpool 

    Source: United Kingdom – Executive Government & Departments

    News story

    Construction begins on new Civil Service office in Blackpool 

    Construction has begun on a new office building for Ministry of Defence (MOD) civil servants as part of Blackpool’s Talbot Gateway redevelopment. 

    L-R Alan McBride, Muse; Will Town, Defence Infrastructure Organisation; Jennifer Chard, Defence Business Services; Cllr Lynn Williams, Blackpool Council; Garry Bowker, Vinci Building. (Copyright Blackpool Council)

    A groundbreaking ceremony has taken place for a new MOD office within the Talbot Gateway redevelopment in Blackpool.

    The regeneration programme sees Blackpool Council working with development partner Muse Places and construction company VINCI Building on the new 53,000 sq. ft MOD building which will hold up to 1,100 staff from Defence Business Services (DBS). 

    As MOD’s shared services organisation, DBS provides corporate services across the information and technology, finance, procurement and people function to the whole of defence, including serving military, veterans and civilian staff, as well as other government departments. The move from a leased site within the local area concludes the consolidation of DBS’ northwest estate into a single, purpose-built office owned by the MOD, securing future jobs and saving the taxpayer money long term. 

    Representatives from DBS signed the contract for the new building on 31 March 2025 with them coming together last week at a groundbreaking ceremony to mark the start of construction.  

    The DBS project is being delivered under the MOD’s Defence Estate Optimisation portfolio, which is investing £5.1 billion in a more modern and sustainable defence estate. This includes new and refurbished military accommodation and housing for over 40,000 service personnel and their families, as well as technical, training and office space for over 64,000 personnel, including civilian staff. Construction will be managed on behalf of the MOD by the Defence Infrastructure Organisation, working closely with Blackpool Council, development partner Muse Places, main contractor VINCI Building and DBS.  

    The building is scheduled for completion in 2027. 

    Ross Porter, Defence Infrastructure Organisation Programme Manager, said: 

    After several years of pre-construction work and a huge collaborative effort from all parties involved, progressing this project to the construction stage is a great milestone to reach. We’re very much looking forward to delivering a first-class office facility for MOD staff in the area, as part of the Defence Estates Optimisation Portfolio. 

    Cllr Lynn Williams, Leader of Blackpool Council, said:  

    This is another major step forward in our plans to make Blackpool better. We’re very grateful to government for recognising Blackpool’s economic potential and continuing to invest and help us create quality jobs for local people.  

    Officers from both the council and government have worked exceptionally hard to make this deal possible. With over 8,000 workers and students coming to the town centre in the next few years, this provides a phenomenal opportunity and confidence for local businesses to continue to invest and hire more local people.

    Alan McBride, Technical Director at Muse, said:  

    It’s great to see work commencing on phase five of Talbot Gateway’s regeneration. This future-proofed, sustainable workspace for the Civil Service will bring increased footfall into the town centre, spur further economic growth in the heart of Blackpool, and build on the momentum we’ve generated alongside our long-standing partners, Blackpool Council, for more than 15 years. 

    Gary Hughes VINCI Building’s Regional Director said: 

    We’re delighted to have been appointed on this key project at Talbot Gateway to continue our working partnership with Blackpool Council and Muse. We will ensure we continue to provide local opportunities through the development of our local supply chain, whilst generating significant education and training opportunities with local schools, colleges and education groups as we progress on site.

    Updates to this page

    Published 20 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: expert reaction to World Health Assembly adopting WHO Pandemic Agreement

    Source: United Kingdom – Science Media Centre

    Scientists comment on the World Health Assembly adopting the World Health Organisation’s (WHO) Pandemic Agreement.

    Prof Sir Andrew Pollard, Director of the Oxford Vaccine Group; and Ashall Professor of Infection and Immunity at the Pandemic Sciences Institute, University of Oxford, said:

    The pandemic agreement is an important endorsement of a globally collegiate approach to tackling the existential threat we face from a future pandemic.  It recognises the particular challenges highlighted by the COVID19 pandemic around equity in access to life saving vaccines and drugs, the geographical boundaries caused by limited global manufacturing capability and nationalism.  The agreement also highlights the importance of international research coordination so that we are better prepared for the next one.  It shows a level of cooperation and coordination that could make the world a safer place, but the real test of such a document is in its execution.  It is heavily dependent on the actions of the world’s major powers today to lay the groundwork in surveillance, strengthening of health systems distributed manufacturing and research, all of which are severely hampered by the current political and economic headwinds.  We will also critically need such cooperation to remain strong in the face of the next life-threatening microbial invasion of national borders, which will challenge even the most resolute political minds.”

     

    Prof Mishal Khan, Professor of Global Public Health, London School of Hygiene & Tropical Medicine, said:

    “It’s been a huge challenge to get to this point so the fact that this has now been formally agreed at the World Health Assembly, is very welcome.

    “But in reality we won’t know how useful this agreement is until the next pandemic hits.

    “A key question is around whether countries will voluntarily comply with the terms and, if not, how enforceable is it.  Past experience, for example with the International Health Regulations, suggests that powers to enforce will be limited.

    “The success of this treaty will also depend on each country’s capacity to contribute to potentially valuable elements such as the Pathogen Access and Benefit-Sharing System through collecting and sharing high-quality data.

    “It’s concerning that the US will not be bound to the treaty and has not been part of the final discussions, leaving us unsure what its approach to resource and data sharing will be in future disease outbreaks.

    “We must continue to strengthen and support capacity globally to ensure the agreement is equitable and has the best chance of being effective in protecting the world from pandemics.”

     

    Prof Alice Norton, Associate Professor, Pandemic Sciences Institute, University of Oxford, said:

    “The adoption of the Pandemic Agreement by the 78th World Health Assembly today is welcome news for global health security.

    “Article 9 on research and development was one of the first to be unanimously agreed by member state negotiators.  This recognises the ability for science to get us out of a pandemic, as was the case for COVID-19, showing that unlike many other natural disasters we can mitigate the risks and impacts of pandemics through science.

    “Respect for human rights, equity, solidarity and science-based evidence are all key principles rightly enshrined in the Agreement.

    “What will be needed now is the political will and sustainable financing so that all countries can make the Agreement a reality.

    “It is a mistake to believe that our recent experience of a pandemic means we are safe for a while.  The threat of epidemic and pandemic diseases that could devastate lives, livelihoods and economies still loom large.

    “Recent global health funding cuts only serve to worsen our preparedness and response capabilities.  After today’s announcement, governments must now step-up and put the Agreement’s principles into practice.”

    Prof Martin Antonio, Professor of Molecular Microbiology and Global Health based at the MRC Unit The Gambia at LSHTM, and Co-Director of the LSHTM Centre for Epidemic Preparedness and Response, said:

    “Having all WHO member states (except the US) endorsing the treaty is a big leap forward in the fight against future pandemics.  Crucially it will accelerate appropriate action, for example the commitment we need to enable vaccines to be developed quickly and made globally accessible within the 100 days mission target set by CEPI.

    “This is a global agreement and will only work with global support.  But to make these measures effective, we must also push for investment in regional measures such as the development of ‘pandemic’ manufacturing facilities in Africa in support of diagnostics, vaccines, and other interventions.”

     

    Dr Richard Hatchett, CEO of CEPI, said:

    “Rebecca Solnit once wrote that ‘Perfection is a stick with which to beat the possible.’  Is the Pandemic Agreement perfect?  No.  But no such international agreement can be.

    “Does it represent a huge step forward, in terms of recognising the threat that pandemics pose and as a binding expression of solidarity against this common threat?  Absolutely.  It is now a defining feature of the landscape, under the canopy of which all our efforts going forward will be conducted.

    “Is there a great deal of practical work still to be done to make the world safe from pandemics?  Of course.

    “But this is a moment to celebrate!  And also a moment to rededicate ourselves to the hard work of pandemic prevention, preparedness, and response.”

     

    CEPI statement on the adoption of the Pandemic Agreement: 

    CEPI commends the commitment of countries and negotiators to advancing this once-in-a-generation opportunity to make the world a safer place.  By their nature, pandemics can only be effectively tackled through international cooperation and the adoption of the Pandemic Agreement represents an historic step forward in this regard.  It seeks to drive systemic change that will address the inequity that characterized the response to COVID-19 and brings us closer to realizing the 100 Days Mission goal to respond to future pandemic threats with a new vaccine in just three months.  

    CEPI stands ready to support the implementation of the Pandemic Agreement, including: 

    • Requirements for publicly-funded R&D to include equitable access obligations – such as affordable pricing terms, technology transfer, information sharing;
    • Commitments to support sustainable and geographically distributed production facilities with the capability to scale up for rapid response in a health emergency;
    • The establishment of a multilateral pathogen benefits sharing system that supports rapid and efficient sharing of samples and data on pathogens with pandemic potential to expedite R&D for medical countermeasures.  This, together with a global supply chain and logistics network, will help to strengthen research and innovation and support global access to medical countermeasures based on public health need rather than ability to pay.

    While we celebrate today’s achievement, we must also recognise that the Agreement on its own will not deliver the level of pandemic preparedness the world urgently needs.

    It will take sustained investment, enduring political commitment and unprecedented scientific collaboration to create the systemic change needed to protect not just our own generation, but generations to come.  

     

    Dr Daniela Manno, Clinical Assistant Professor, London School of Hygiene & Tropical Medicine, said:

    “We know pandemics do not respect borders.  COVID-19 demonstrated how quickly infectious diseases can spread and underscored the importance of international cooperation for early detection and response.

    “Adopting this first global agreement on pandemic preparedness and response is a major milestone.  It signals a global commitment to avoiding the fragmented and unequal responses of past crises, and to promoting greater solidarity and equity in future health emergencies.

    “It shows that countries are willing to work together more effectively and more fairly, through timely data sharing, coordinated rapid responses, and fair access to vaccines, diagnostics and treatments.

    “However, while the treaty marks important progress, concerns remain about its strength and enforceability.  For example, the proposal to create a Coordinating Financial Mechanism is a positive step, but it lacks firm commitments to new, long-term funding streams, specifically for low- and middle-income countries.  Without clear financial provisions, LMICs may face increased debt or be forced to divert funding from other essential health services to meet treaty obligations.

    “While the treaty references inclusiveness and community engagement, there needs to be a greater emphasis on integrating local knowledge and enabling community-led decision-making.  This is crucial to avoid top-down approaches that may not reflect the needs and realities of diverse communities, particularly in LMICs.”

     

    Dr Michael Head, Senior Research Fellow in Global Health, University of Southampton, said:

    The WHO Pandemic Agreement is quite a triumph for diplomacy, and will rely hugely on cooperations from the member states.  The draft agreement is full of words such as equity, respect and solidarity.  This is where the WHO is very strong, in providing expert guidance from an ethical and practical standpoint that applies across the world.  However, the Organization does not have much of a role in any legal enforcement.

    “The Agreement makes reference to the International Health Regulations (IHR) 2005.  Member states have a legal obligation to adhere to the IHR, although it’s not fully clear what would happen if a country chooses not to.

    “For example, the USA are technically still a member of WHO, with a one year notice period for withdrawal put forward by the Trump government.  Given their recent commentary on national and global health, one can imagine they may not comply with regulations both currently in place and proposed here under the Agreement.”

    https://apps.who.int/gb/ebwha/pdf_files/WHA78/A78_10-en.pdf

    https://www.who.int/news/item/19-05-2025-member-states-approve-who-pandemic-agreement-in-world-health-assembly-committee–paving-way-for-its-formal-adoption

    https://www.who.int/news/item/20-05-2025-world-health-assembly-adopts-historic-pandemic-agreement-to-make-the-world-more-equitable-and-safer-from-future-pandemics

     

     

    Declared interests

    Prof Sir Andrew Pollard:“Professor Pollard is chair of JCVI which provides independent scientific advice on vaccines to DHSC.  The comment above is given in a personal capacity.”

    Prof Mishal Khan: “No conflicts.”

    Prof Alice Norton: “Professor Alice Norton receives a research grant from the World Health Organization – this does not relate to the Pandemic Agreement.”

    Dr Richard Hatchett: “No conflicts of interest to declare.”

    Dr Michael Head: “No COI from me (and not involved in the Pandemic Treaty in any way).”

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom

  • MIL-OSI Russia: The results of the defenses of leading engineering schools have been summed up

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University – Last week, 30 advanced engineering schools of the first wave, selected in 2022, presented the results of their work and development plans to the Council for the Review and Coordination of Activities of Advanced Engineering Schools.

    In the published Minutes of the meeting of the Council for the consideration of issues and coordination of the activities of advanced engineering schools, the Council assessed various aspects of the schools’ activities: the ambition and elaboration of the development program, interaction with partners, and reporting indicators. This year, NSU’s PIS received the highest scores for the criteria of recognition and the university’s potential (8th place) and the volume of attracted funding (7th place). The Council’s assessments provide an incentive for further improvement of PIS’s activities.

    PISh “Cognitive Engineering” NSU ahead of 13 leading engineering schools in the overall ranking. In order to attract students with good fundamental training to the master’s programs of the NSU PIS, a system of career guidance and motivation of future applicants has been built, starting in school. At each stage of preparation, interaction with partners has been established: science and industry in order to ensure a high level of project work based on real problems from industry. Over three years of active work, a number of new educational spaces and laboratories equipped with modern equipment have been created at the NSU PIS. The leading engineering school of NSU successfully presented the results of its work and was recommended for participation in the next competitive selection.

    — Along with the universities of the Ministry of Education and Science, the first wave of the project included universities of the Ministry of Health, the Ministry of Agriculture, and the Ministry of Digital Development, which already at the start of the project allowed for more comprehensive coverage of key sectors of the economy. The focus of the leading engineering schools and their technology partners was on strategically important areas, including automation and artificial intelligence, digital twins and new materials, optimization of technological processes, and unmanned aircraft systems. It is important that business was very interested in working with leading engineering schools, so if the volume of state funding for the first wave of schools over three years amounted to 25.1 billion rubles, then extra-budgetary investments amounted to 33.3 billion rubles, — said the head of the Ministry of Education and Science of Russia, Valery Falkov.

    This year, the first wave of PISs are moving to a new stage of financing — now they will continue to develop by fulfilling external orders from industrial partners and funds raised under other competitive programs of the Ministry of Education and Science of Russia. In total, there are currently 50 PISs in 23 regions. By 2030, on the instructions of the President, the number of PISs should double. The Advanced Engineering Schools project is being implemented within the framework of the national project Youth and Children.

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

    MIL OSI Russia News

  • CERT-In SAMVAAD 2025: National cybersecurity conference opens in Tamil Nadu

    Source: Government of India

    Source: Government of India (4)

    The three-day national annual cybersecurity conference, CERT-In SAMVAAD 2025, was inaugurated on May 19 at Radisson Blu Resort Temple Bay in Mahabalipuram, Tamil Nadu. Organized by the Indian Computer Emergency Response Team (CERT-In) in collaboration with SkillsDA, the event brings together over 300 delegates, including government officials, regulators, industry leaders, and information security auditing organizations.

    The conference aims to strengthen India’s cybersecurity audit ecosystem and enhance the capabilities of empanelled auditing bodies through discussion, collaboration, and knowledge sharing.

    Leaders stress innovation, resilience in cybersecurity

    Delivering the keynote address, S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY), highlighted the urgent need for innovation in cybersecurity auditing, enhanced risk assessments, capacity building, and greater attention to emerging technologies.

    He emphasized that the evolving nature of cyber threats calls for a collaborative and strategic approach, adding that initiatives like SAMVAAD 2025 offer valuable opportunities for audit organizations to modernize practices and contribute to a cyber-resilient India.

    Director General of CERT-In, Dr. Sanjay Bahl, in his welcome address, noted that this is the first global conference dedicated solely to the auditing community. He detailed CERT-In’s efforts in developing a robust framework for cybersecurity resilience, including the empanelment of organizations to conduct audits, vulnerability assessments, and penetration testing.

    Expert insights on threats and technology

    Dr. Kamakoti Veezhinathan, Director of IIT Madras, underlined the growing need for cyber resilience, especially as India’s critical infrastructure becomes increasingly targeted. He stressed that effective frameworks, models, and architectures are essential for ensuring continuity of essential services during cyber incidents.

    Highlighting risks posed by technologies like AI, 5G/6G, and quantum computing, Dr. N. Subramanian, Executive Director of SETS, expressed optimism that the conference would aid in developing comprehensive security strategies to address these new challenges.

    Principal Secretary of the Government of Tamil Nadu, Brajendra Navnit, shared insights into the state’s cybersecurity initiatives and commended CERT-In for organizing a timely and nationally significant platform. He called for audits that go beyond checklists and address deeper systemic risks to digital systems and sensitive data.

    Industry-regulator dialogue and technical deep dives

    The conference also featured a high-level panel discussion on ‘Cybersecurity Audits & Regulatory Expectations: Bridging the Gap’, moderated by S.S. Sarma, Director Operations, CERT-In. The session included representatives from regulatory bodies who shared practical insights for audit organizations on aligning with compliance frameworks and expectations.

    Over the next two days, the event will feature more than 70 presentations across parallel technical and management tracks. The management stream will cover governance, human factors in cybersecurity, stakeholder communication, and C-suite risk management. Meanwhile, the technical track will explore audit automation tools, next-gen tech security (IoT, AI/ML, blockchain, and quantum), and Software Bill of Materials (SBOM) implementation.

    Sessions will also address strategies for continuous auditing in complex environments like cloud systems, APIs, and operational technology.

    Driving future-focused audit transformation

    SAMVAAD 2025 aims to help auditing professionals stay ahead of the curve by equipping them with knowledge on the latest tools, automation techniques, and adaptive methodologies. These insights are expected to enhance audit quality and help organizations better navigate India’s dynamic cybersecurity landscape.

    The conference, which will run until May 21, is being attended by senior dignitaries from both central and state governments, along with industry experts and representatives from over 300 CERT-In empanelled information security auditing organizations.

  • MIL-OSI: MEXC Announces SOON ($SOON) Listing with 75,000 SOON & 50,000 USDT Prize Pool and Up to 200% APR Savings

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 20, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, will list SOON ($SOON) at 11:00 on May 23, 2025 (UTC). To celebrate this addition to the exchange, MEXC will launch three exclusive events open to all users, including a 75,000 $SOON and a 50,000 USDT prize pool, and a high-yield savings program with up to 200% APR.

    SOON is a high-performance Solana Virtual Machine (SVM) Rollup that enables mass blockchain adoption through its innovative Super Adoption Stack (SAS). The project standardizes the SVM across major Layer 1 ecosystems while enabling seamless interoperability. The SOON ecosystem features three core products: SOON Mainnet, SOON Stack, and InterSOON. As blockchain technology continues to mature, solutions like SOON that prioritize performance, scalability, and cross-chain communication are becoming increasingly crucial.

    $SOON is the native utility token of the SOON ecosystem, serving several essential functions. It acts as a governance token that grants holders voting rights on protocol upgrades and ecosystem development. The token also functions as the primary asset for all activities within the ecosystem. Additionally, it provides incentives for builders and contributors through grants and performance-based rewards.

    In celebration of SOON ($SOON)’s listing on MEXC, a series of exclusive events will launch to reward both new and existing users. Key details of the events are as follows:

    Event 1: Exclusive $SOON Earn with up to 200% APR

    Event Period: May 23, 11:00 – June 21, 11:00, 2025 (UTC)
    MEXC users can subscribe to $SOON fixed savings via MEXC Earn and enjoy up to 200% APR. Simply deposit or buy at least 350 $SOON on the Spot market to participate.

    Event 2: Airdrop+

    Event Period: May 20, 10:00 – May 30, 10:00, 2025 (UTC)
    New users who deposit $SOON can share 64,000 $SOON, while all users can join a Futures trading challenge for a share of 50,000 USDT and invite new users to earn from an 11,000 $SOON pool.

    Special Event: Deposit $SOON and Share in a 25,000 $SOON Prize Pool

    Event Period: May 19, 08:00 – May 23, 08:00, 2025 (UTC)
    Users who deposit $SOON into their MEXC account and submit their UID through the official form will have the chance to win rewards from a 25,000 $SOON prize pool.

    MEXC has established itself as an industry leader by consistently providing users with early access to promising crypto projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape.

    For full event details and participation rules, please visit here.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a53eccb-272d-4c99-8bac-4d2b4e6473d0

    The MIL Network

  • MIL-Evening Report: The band is breaking up: has the Coalition stopped making sense?

    Source: The Conversation (Au and NZ) – By Joshua Black, Visitor, School of History, Australian National University

    I remember seeing footage, several years ago, of a jubilant Malcolm Turnbull, then prime minister and Liberal leader, speaking in Tamworth to loyal members of the National Party. These were the rank and file who had spent weeks stumping for their man in New England, Nationals leader and deputy prime minister Barnaby Joyce, who had resubmitted himself to voters after discovering he was a dual citizen of Australia and New Zealand.

    A lot was riding on the outcome. Turnbull’s government had the slimmest possible majority in the lower house, and the loss of the Nationals leader would have been bad for the government as well as morale. Consequently, Turnbull was overjoyed when he thanked voters in New England “for getting the band back together”. Joyce’s handsome victory was, he explained, a “great demonstration” of the “strength of our Coalition”.

    While it may seem unfair to bands everywhere to lean too heavily on that metaphor, there is something to it. Like The Beatles, the Liberal and National parties have allowed their creative tension to become little more than just tension. Like Simon and Garfunkel, deep-seated resentments have been allowed to fester without resolution for too long. And now, like Fleetwood Mac, the two parties have chosen to go their own way, at least for a time.

    An agreement and an idea

    The Coalition is first and foremost an agreement – or rather, a series of agreements. It is predicated on the pragmatic reality that neither the Liberal Party (and beforehand, its predecessor parties) nor the agrarian National (formerly Country) Party was able to govern alone, or at least not for very long.

    The first of these agreements was struck in February 1923, following an election the previous year that left the Nationalist Party, led by wartime prime minister Billy Hughes, well short of a lower house majority. The new Country Party won 14 seats in the lower house (roughly 18%) on its own, making it a force to be reckoned with.

    Country MPs were willing to form a power-sharing agreement with the Nationalists, but not without cost. The larger party had to jettison its leader in favour of a new prime minister, Stanley Melbourne Bruce. The rural party won a hefty share of the ministries (five out of 11) and Earle Page, Country Party leader, became treasurer and de facto deputy prime minister.

    Though they were not aware of it, Bruce and Page were creating something that has since become a tradition, an idea that can all too easily seem like an immutable part of Australia’s political life.

    For more than 100 years now, some form of that “Coalition” has stood against Labor, and in doing so has helped to constitute a two-party system whose predominance is well and truly waning.

    Discordant notes

    The termination of the Coalition in 2025 is neither shocking nor unprecedented. Indeed, if the band analogy has any meaning here, it is because there have been so many discordant notes over those 102 years.

    When the United Australia Party (UAP) came on to the federal scene in response to the Great Depression, the party of farmers chose to go it alone. The UAP won a majority and governed in its own right from 1931 to 1934, only joining the Country Party in coalition when the 1934 elections robbed it of outright majority.

    The death of UAP founder and prime minister Joe Lyons in April 1939 tore that marriage apart. His successor, Robert Menzies, declared his desire to choose all ministers (even those from the Country Party) himself, thereby alienating that party. Apart from a few dissidents, the Country Party quit the coalition, until the outbreak of war and declining electoral fortunes made a remarriage necessary.

    The Liberals and Country Party/Nationals managed their affairs well enough during their long stints in office from 1949 to 1972, and again under Malcolm Fraser (1975–83) and John Howard (1996–2007). But even in good times, these were not always the happiest of bandmates.

    Country Party leader John McEwen dominated the government in the late 1960s, to the point of brazenly vetoing the leadership candidacy of Harold Holt’s deputy (the unpopular Billy McMahon) when the former went swimming and failed to return.

    Fraser was often criticised by Liberal colleagues for his instinctive closeness to the National Party. Paul Davey explains that in Howard’s day, the Nationals felt “overshadowed” and “undersold”. In fact, the very word “Coalition” bordered on synonymous with “Liberal”.

    Different states of mind

    To be fair, Howard had learned a lot about managing the Coalition relationship by the time he arrived at The Lodge. The agreement had been brutally severed during his first stint as leader, thanks to Queensland premier Joh Bjelke-Petersen’s quest to become prime minister.

    A figure head of New Right populism, Bjelke-Petersen felt that neither the federal Liberal Party (then led by Howard) nor his National Party colleagues were made of tough enough stuff to beat modern Labor.

    The Nationals’ federal leader, Ian Sinclair, later said the vision of Howard, Sinclair and Bjelke-Petersen presenting separate election programs was an “absolute farce”.

    It mattered that the death of the Coalition was spearheaded by a state premier. Such agreements had always been less popular and more controversial within the state branches of both parties.

    South of the Murray, it was quite unspectacular for Country Party MPs in the mid-20th century to change their allegiances and even stand alone in office with the tentative support of the Labor Party.

    In Queensland, the Liberal and National Parties governed together, often with the latter as the senior partner. But Bjelke-Petersen scrapped the Coalition in that state in 1983 and consolidated its parliamentary majority at an election in 1986. By the time of his departure in 1987, both parties had badly fractured.

    In time, the two parties merged in that state to prevent such outbreaks in future. Federal members of the Queensland LNP face some awkward conversations now.

    Principled stances and survival

    In announcing the latest split, Nationals leader David Littleproud said his party was taking a “principled stance”, though what exact principles were involved we have not learned. His deputy, Kevin Hogan, said he hoped the parties would “get back together” later on.

    We know the sticking points were these: a guaranteed $20 billion Regional Australia Fund, divestiture powers to break up businesses with unhealthy market power, obligations for better regional mobile coverage, and an ongoing commitment to the nuclear energy project.

    The latter commitment flies in the face of electoral reason, but the other three policies are clearly informed by the history of telecommunications deregulation and privatisation (which caused many sleepless nights in the National Party during the Howard years) and the ever-present threat of other, more populist parties chasing Nationals MPs’ heels in regional Australia.

    The National Party made a big effort to resist that pressure in the 1990s, when One Nation looked like it might decimate its grip on the regions. A few days ago, Pauline Hanson said the Nationals and One Nation could in fact form their own coalition, so close were their policy offerings. That this was even uttered is a testament to how much the Nationals have changed over the past 30 years in their quest for survival.

    Time apart could provide the parties with the political space they need for self-reflection and strategic reorientation. But they will not have one another to blame for their performance in coming months and years. Breaking up the band is easy to do. Touring alone is hard.

    Joshua Black is a Postdoctoral Research Fellow at The Australia Institute.

    ref. The band is breaking up: has the Coalition stopped making sense? – https://theconversation.com/the-band-is-breaking-up-has-the-coalition-stopped-making-sense-257118

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Africa: Mining in Motion to Highlight Innovative Funding Solutions for Ghana’s Artisanal and Small-Scale Mining (ASM) Operations

    Source: Africa Press Organisation – English (2) – Report:

    ACCRA, Ghana, May 20, 2025/APO Group/ —

    The upcoming Mining in Motion Conference – Ghana’s premier gathering for gold mining stakeholders, scheduled for June 2 – 4 in Accra – will feature a dedicated panel exploring the financial challenges, opportunities, and best practices for the artisanal and small-scale mining (ASM) sector.

    The session, titled Funding Models for ASM, will convene representatives from Ghana’s Minerals Income Investment Fund (MIIF), BloombergNEF, the African Development Bank, AlphaStream and StoneX. The speakers will delve into available financing options and strategies aimed at empowering ASM operators to scale their activities and contribute more significantly to Ghana’s mining-driven economic growth.

    The ASM sector plays a vital role in Ghana’s economy, generating over $5 billion in gold export revenue annually, employing more than one million people, and contributing over 40% of the country’s total gold production. Recognizing this impact, the Ghanaian government has initiated several mechanisms to improve financial accessibility for ASM operators. One such initiative is the establishment of the Gold Board, an agency designed to serve as the sole exporter for ASM gold in Ghana. This integration ensures legal trade, supply chain inclusion, and access to accreditation and financing opportunities.

    Government-led programs, such as the Ghana National Association of Small-Scale Miners and the Minerals Commission’s Community Mining Scheme provide a mix of loans and grants. MIIF is rolling out its Small-Scale Mining Incubation Program, offering between $200,000 and $5 million per mine to accelerate exploration and production efforts.

    The financial sector has also shown strong commitment to supporting Ghana’s mining industry. Stanbic Bank has pledged $1.1 billion in funding for the mining, metals, and energy sectors over five years, including $100 million in loans for local contractors, a $90 million expansion loan for a gold mining firm, and an $80 million environmental bond covering six gold mines.

    Firms like AlphaStream and StoneX are also stepping in with financial solutions that span the mining value chain, positioning themselves as key enablers of Ghana’s mining expansion ambitions. Their involvement in the Mining in Motion Conference as sponsors further signals growing interest in Ghana’s mining finance landscape.

    Mining in Motion will serve as a showcase for both traditional and innovative funding models -ranging from public-private partnerships and community-based financing to ESG-linked instruments – highlighting how these tools are being leveraged to strengthen the ASM sector and drive inclusive growth in Ghana’s mining industry.

    Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom – in collaboration with Ghana’s Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana’s Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MiningInMotionSummit.com. For sponsorship opportunities or delegate participation, contact sales@ashantigreeninitiative.org.

    MIL OSI Africa

  • MIL-OSI Video: UK Commons and Overseas Territories Conference 2025

    Source: United Kingdom UK Parliament (video statements)

    Last week, the Speaker of the House of Commons welcomed Speakers and representatives from the British Overseas Territories to the 2025 Commons and Overseas Territories Speakers’ Conference – hosted at the UK House of Commons.

    This year’s conference focused on best practise for developing parliamentary procedure, facilitating democracy and, the challenges and opportunities that Artificial Intelligence (AI) brings to legislatures.

    The conference provided an opportunity for the territories to collaborate closely with colleagues and experts from across the House, offering insight and knowledge.

    https://www.youtube.com/watch?v=CjxlhbV-enc

    MIL OSI Video

  • MIL-OSI: Bilibili Inc. Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, May 20, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Highlights:

    • Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% year over year.
      • Advertising revenues were RMB2.00 billion (US$275.3 million), representing an increase of 20% year over year.
      • Mobile games revenues were RMB1.73 billion (US$238.6 million), representing an increase of 76% year over year.
    • Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% year over year. Gross profit margin reached 36.3%, improving from 28.3% in the same period of 2024.
    • Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.
    • Adjusted net profit1 was RMB361.5 million (US$49.8 million), compared with an adjusted net loss of RMB455.9 million in the same period of 2024.
    • Operating cash flow was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.
    • Average daily active users (DAUs) were 106.7 million, compared with 102.4 million in the same period of 2024.

    “We kicked off 2025 with strong financial results and healthy community metrics in the first quarter,” said Mr. Rui Chen, Chairman and Chief Executive Officer of Bilibili. “Our DAUs reached 107 million, while MAUs hit a new high of 368 million. As our user base matured—with the average age rising to 26 in 2025—users remained highly engaged and demonstrated growing spending power. Average daily time spent per user hit a record of 108 minutes, and our monthly paying users reached an all-time high of 32 million. With the increasing value of our users and improved monetization efficiency, our total net revenues for the first quarter grew 24% year over year to RMB7.0 billion. Building on this strong momentum, we will continue to unlock the potential of our community by offering more efficient and enhanced commercial solutions. As the go-to video platform for premium content and a vibrant creative culture, Bilibili is uniquely positioned to capture emerging opportunities and sustain long-term growth.”

    Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “In the first quarter, we accelerated revenue growth and expanded our margins. This was driven by outstanding performances from our high-margin advertising and games businesses, which grew by 20% and 76% year over year, respectively. Gross profit increased by 58% year over year, with our gross profit margin rising to 36.3%, up from 28.3% in the same period last year. Supported by our robust topline and margin gains, we sustained an adjusted net profit of RMB361.5 million. Our virtuous operating cycle continues to drive robust operating cash flow, generating RMB1.30 billion in the quarter. Moving forward, we will continue to focus on profitable growth by scaling our business and community through efficient, sustainable operations, and delivering long-term value to our shareholders.”

    First Quarter 2025 Financial Results

    Total net revenues. Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% from the same period of 2024.

    Value-added services (VAS). Revenues from VAS were RMB2.81 billion (US$386.9 million), representing an increase of 11% from the same period of 2024, mainly attributable to increased revenues from live broadcasting and other value-added services.

    Advertising. Revenues from advertising were RMB2.00 billion (US$275.3 million), representing an increase of 20% from the same period of 2024, mainly attributable to strong revenue growth in performance-based advertising.

    Mobile games. Revenues from mobile games were RMB1.73 billion (US$238.6 million), representing an increase of 76% from the same period of 2024, mainly attributable to the strong performance of the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    IP derivatives and others. Revenues from IP derivatives and others were RMB467.1 million (US$64.4 million), representing a decrease of 4% from the same period of 2024.

    Cost of revenues. Cost of revenues was RMB4.46 billion (US$615.2 million), representing an increase of 10% from the same period of 2024. The increase was mainly due to higher revenue-sharing costs and was partially offset by lower content costs. Revenue-sharing costs, a key component of cost of revenues, were RMB2.67 billion (US$368.1 million), representing an increase of 19% from the same period of 2024, mainly due to an increase in mobile games-related revenue-sharing costs.

    Gross profit. Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% from the same period of 2024, mainly attributable to the growth in total net revenues and relatively stable costs related to platform operations as the Company enhanced its monetization efficiency.

    Total operating expenses. Total operating expenses were RMB2.52 billion (US$347.8 million), representing an increase of 4% from the same period of 2024.

    Sales and marketing expenses. Sales and marketing expenses were RMB1.17 billion (US$160.8 million), representing a 26% increase from the same period of 2024. The increase was primarily attributable to one-off marketing expenses related to the Company’s partnership with CCTV for the 2025 Spring Festival Gala as the exclusive bullet chat live broadcasting and content platform, as well as higher year-over-year promotion expenses for the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    General and administrative expenses. General and administrative expenses were RMB515.6 million (US$71.1 million), representing a decrease of 3% compared with the same period of 2024.

    Research and development expenses. Research and development expenses were RMB841.5 million (US$116.0 million), representing a 13% decrease from the same period of 2024. The decrease was mainly attributable to improved research and development efficiency.

    Profit/(loss) from operations. Profit from operations was RMB15.0 million (US$2.1 million), compared with a loss of RMB818.6 million from the same period of 2024.

    Adjusted profit/(loss) from operations1. Adjusted profit from operations was RMB342.5 million (US$47.2 million), compared with an adjusted loss from operations of RMB512.2 million from the same period of 2024.

    Total other (expenses)/income, net. Total other expenses were RMB14.1 million (US$1.9 million), compared with total other income of RMB55.5 million in the same period of 2024.

    Income tax expense. Income tax expense was RMB11.6 million (US$1.6 million), compared with RMB1.6 million in the same period of 2024.

    Net loss. Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.

    Adjusted net profit/(loss)1. Adjusted net profit was RMB361.5 million (US$49.8 million), compared with an adjusted loss of RMB455.9 million in the same period of 2024.

    Basic and diluted EPS and adjusted basic and diluted EPS1. Basic and diluted net loss per share were RMB0.02 (US$0.00) each, compared with basic and diluted net loss per share of RMB1.80 each in the same period of 2024. Adjusted basic and diluted net profit per share were RMB0.86 (US$0.12) and RMB0.85 (US$0.12), respectively, compared with an adjusted basic and diluted net loss per share of RMB1.06 each in the same period of 2024.

    Net cash provided by operating activities. Net cash provided by operating activities was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.

    Cash and cash equivalents, time deposits and short-term investments. As of March 31, 2025, the Company had cash and cash equivalents, time deposits and short-term investments of RMB17.40 billion (US$2.40 billion).

    Convertible Senior Notes. As of March 31, 2025, the aggregate outstanding principal amount of April 2026 Notes, 2027 Notes and December 2026 Notes was US$13.4 million (RMB96.2 million).

    Changes in Board Committees

    The Company’s board of directors (the “Board”) approved the separation of the Nominating and Corporate Governance Committee into two distinct committees. Effective from May 20, 2025, the Nomination Committee and the Corporate Governance Committee will each operate under separate charters with defined functions and responsibilities. The Nomination Committee will comprise Mr. JP Gan, Mr. Eric He, Mr. Feng Li and Ms. Ni Li, with Mr. JP Gan serving as chairperson. The Corporate Governance Committee will comprise Mr. JP Gan, Mr. Eric He and Mr. Feng Li, with Mr. JP Gan serving as chairperson. Charters of each communitee will be published on the Company’s investor relations website at http://ir.bilibili.com and The Stock Exchange of Hong Kong Limited website at www.hkexnews.hk.

    1 Adjusted profit/(loss) from operations, adjusted net profit/(loss), and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Conference Call

    The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 20, 2025 (8:00 PM Beijing/Hong Kong Time on May 20, 2025). Details for the conference call are as follows:

    All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a personal PIN, which will be used to join the conference call.

    Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at http://ir.bilibili.com, and a replay of the webcast will be available following the session.

    About Bilibili Inc.

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

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

    Use of Non-GAAP Financial Measures

    The Company uses non-GAAP measures, such as adjusted profit/(loss) from operations, adjusted net profit/(loss), adjusted net profit/(loss) per share and per ADS, basic and diluted and adjusted net profit/(loss) attributable to the Bilibili Inc.’s shareholders in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions, gain/loss on fair value change in investments in publicly traded companies, and gain/loss on repurchase of convertible senior notes. The Company believes that the non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

    The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP and therefore, may not be comparable to similar measures presented by other companies. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company’s operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP.

    The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

    For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Exchange Rate Information

    This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2567 to US$1.00, the exchange rate on March 31, 2025 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred to could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, outlook and quotations from management in this announcement, as well as Bilibili’s strategic and operational plans, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    For investor and media inquiries, please contact:

    In China:

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

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

    In the United States:

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

    BILIBILI INC.
    Unaudited Condensed Consolidated Statements of Operations
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
               
    Net revenues:          
    Value-added services (VAS) 2,528,909     3,083,071     2,807,340  
    Advertising 1,668,584     2,388,673     1,997,635  
    Mobile games 982,810     1,797,537     1,731,155  
    IP derivatives and others 484,297     464,880     467,118  
    Total net revenues 5,664,600     7,734,161     7,003,248  
    Cost of revenues (4,059,240 )   (4,945,945 )   (4,464,150 )
    Gross profit 1,605,360     2,788,216     2,539,098  
               
    Operating expenses:          
    Sales and marketing expenses (927,059 )   (1,236,593 )   (1,166,975 )
    General and administrative expenses (531,777 )   (505,861 )   (515,638 )
    Research and development expenses (965,120 )   (919,321 )   (841,477 )
    Total operating expenses (2,423,956 )   (2,661,775 )   (2,524,090 )
    (Loss)/profit from operations (818,596 )   126,441     15,008  
               
    Other income/(expenses):          
    Investment loss, net (including impairments) (21,249 )   (283,191 )   (62,203 )
    Interest income 133,207     110,150     94,173  
    Interest expense (31,574 )   (19,986 )   (32,571 )
    Exchange (losses)/gains (58,060 )   10,529     (11,659 )
    Debt extinguishment loss (20,980 )   (17,649 )    
    Others, net 54,183     139,107     (1,837 )
    Total other income/(expenses), net 55,527     (61,040 )   (14,097 )
    (Loss)/profit before income tax expenses (763,069 )   65,401     911  
    Income tax (expense)/benefit (1,562 )   23,533     (11,588 )
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Net (loss)/profit attributable to the Bilibili Inc.’s shareholders (748,545 )   89,960     (9,102 )
    Net (loss)/profit per share, basic (1.80 )         0.22     (0.02 )
    Net (loss)/profit per ADS, basic (1.80 )   0.22     (0.02 )
    Net (loss)/profit per share, diluted (1.80 )   0.21     (0.02 )
    Net (loss)/profit per ADS, diluted (1.80 )   0.21     (0.02 )
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     420,086,397  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     420,086,397  
               

    The accompanying notes are an integral part of press release.

    BILIBILI INC.
    NOTES TO UNAUDITED FINANCIAL INFORMATION
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024   2024   2025
      RMB   RMB   RMB
               
    Share-based compensation expenses included in:          
    Cost of revenues 13,677   25,350   23,996
    Sales and marketing expenses 12,560   18,524   16,417
    General and administrative expenses 157,824   137,513   144,497
    Research and development expenses 80,525   113,649   105,855
    Total 264,586   295,036   290,765
     
    BILIBILI INC.
    Unaudited Condensed Consolidated Balance Sheets
    (All amounts in thousands, except for share and per share data)
     
      December
    31,
      March
    31,
      2024    2025 
      RMB   RMB
           
    Assets      
    Current assets:      
    Cash and cash equivalents 10,249,382     9,601,900  
    Time deposits 3,588,475     3,937,921  
    Restricted cash 50,000     50,950  
    Accounts receivable, net 1,226,875     1,007,515  
    Prepayments and other current assets 1,934,788     2,124,271  
    Short-term investments 2,706,535     3,856,835  
    Total current assets 19,756,055     20,579,392  
    Non-current assets:      
    Property and equipment, net 589,227     522,109  
    Production cost, net 1,851,207     1,753,344  
    Intangible assets, net 3,201,012     3,199,545  
    Goodwill 2,725,130     2,725,130  
    Long-term investments, net 3,911,592     3,919,494  
    Other long-term assets 664,277     581,476  
    Total non-current assets 12,942,445     12,701,098  
    Total assets 32,698,500     33,280,490  
    Liabilities      
    Current liabilities:      
    Accounts payable 4,801,416     4,983,062  
    Salary and welfare payables 1,599,482     1,200,571  
    Taxes payable 428,932     376,961  
    Short-term loan and current portion of long-term debt 1,571,836     1,818,124  
    Deferred revenue 3,802,307     3,848,682  
    Accrued liabilities and other payables 2,558,830     2,877,377  
    Total current liabilities 14,762,803     15,104,777  
    Non-current liabilities:      
    Long-term debt 3,264,153     3,264,089  
    Other long-term liabilities 567,631     531,276  
         Total non-current liabilities 3,831,784     3,795,365  
    Total liabilities 18,594,587     18,900,142  
           
    Total Bilibili Inc.’s shareholders’ equity 14,108,397     14,386,407  
    Noncontrolling interests (4,484 )   (6,059 )
    Total shareholders’ equity 14,103,913     14,380,348  
           
    Total liabilities and shareholders’ equity 32,698,500     33,280,490  
           
    BILIBILI INC.  
    Unaudited Selected Condensed Consolidated Cash Flows Data  
    (All amounts in thousands, except for share and per share data)  
       
      For the Three Months Ended  
      March
    31,
      December
    31,
      March
    31,
     
      2024   2024   2025  
      RMB   RMB   RMB  
                 
    Net cash provided by operating activities 637,697   1,400,988   1,302,095  
     
    BILIBILI INC.
    Unaudited Reconciliations of GAAP and Non-GAAP Results
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
    (Loss)/profit from operations (818,596 )   126,441     15,008  
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Adjusted (loss)/profit from operations (512,234 )   463,058     342,465  
               
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Income tax related to intangible assets acquired through business acquisitions (5,407 )   (5,358 )   (4,136 )
    (Gain)/loss on fair value change in investments in publicly traded companies (13,186 )   14,177     48,869  
    Loss on repurchase of convertible senior notes 20,980     17,649      
    Adjusted net (loss)/profit (455,882 )   452,019     361,513  
               
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Adjusted net (loss)/profit attributable to the Bilibili Inc.’s shareholders (439,796 )   453,045     363,088  
    Adjusted net (loss)/profit per share, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per ADS, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per share, diluted (1.06 )   1.07     0.85  
    Adjusted net (loss)/profit per ADS, diluted (1.06 )   1.07     0.85  
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     425,602,954  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     425,602,954  

    The MIL Network

  • MIL-OSI: Radware and MAIRE Team Up to Deliver Managed Security Services

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J. and MILAN, May 20, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, and MAIRE, a leading technology and engineering group focused on advancing the Energy Transition, have further expanded their relationship. MAIRE is adding Radware’s AI-powered Cloud Application Protection Services to its managed services portfolio and leveraging Radware’s content delivery network to enhance its security offering for customers.

    MAIRE also uses Radware’s Cloud Application Protection Service to safeguard its global infrastructure from cyber threats. Milan-based MAIRE is present in 50 countries and employs over 9,800 people supported by approximately 50,000 professionals involved in its project worldwide.

    “Our expanded relationship with Radware is grounded in our shared focus on innovation,” said Andrea Sgarlata, identity manager at MAIRE group. “We were looking for a technology partner that could enhance our security offering with state-of-the-art protection, added flexibility and worldwide coverage, enabling our customers to combat even the most sophisticated cyber attacks. Radware is unique in its ability to establish accurate security baselines by continuously studying application traffic and then automatically fine-tuning security policies to block malicious behavior without disrupting legitimate traffic.”

    As part of Radware’s Cloud Application Protection Service, MAIRE is leveraging Radware’s web application firewall (WAF), bot detection and management, and application-layer DDoS protection. Combining end-to-end automation, AI-powered algorithms, behavioral-based detection, and 24/7 managed services, the solution defends against 150+ known attack vectors. This includes the OWASP’s Top 10 Web Application Security Risks, Top 10 API Security Vulnerabilities, and Top 21 Automated Threats to Web Applications.

    Radware’s application security stack is integrated with a high-capacity content delivery network (CDN) solution. The CDN has a global footprint that spans over 600 points of presence in more than 100 cities and 50 countries.

    “With the surge in cyberattacks, shortage of skilled security staff, and need for around-the-clock protection, more companies are opting for managed security services as part of their security strategy,” said Rob Hartley, vice president for Radware in EMEA and CALA. “We look forward to partnering with MAIRE to fill this need and offer customers future-ready application protection solutions designed to reduce their exposure to attacks and improve their security posture.”

    Radware’s DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions have received numerous industry recognitions. Industry analysts such as Aite-Novarica Group, Forrester, Gartner, GigaOm, IDC, KuppingerCole and QKS Group continue to recognize Radware as a market leader in cyber security.

    About MAIRE
    MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition. We provide integrated E&C Solutions for the downstream market and Sustainable Technology Solutions through three business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. With operations across 50 countries, MAIRE employs nearly 10,000 people, supported by around 50,000 professionals involved in its project worldwide. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”).

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that with the surge in cyberattacks, shortage of skilled security staff, and need for around-the-clock protection, more companies are opting for managed security services as part of their security strategy, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    Media Contact:
    Gerri Dyrek
    Radware
    Gerri.Dyrek@radware.com

    The MIL Network

  • MIL-OSI New Zealand: Gaza – NZ signature on Gaza statement ‘wholly inadequate’ – PSNA

    Source: Palestine Solidarity Network Aotearoa

     

    PSNA says an end to government silence on Israeli genocide in Gaza is overdue, but says New Zealand’s signature on an international declaration is wholly inadequate and too little too late.

     

    Palestine Solidarity Network Aotearoa Co-Chair John Minto says a just released joint statement by 22 foreign ministers, including New Zealand’s, breaks New Zealand’s month’s long silence on Israel’s genocide in Gaza, but falls well short of any means of making Israel comply with international law.

     

    “We don’t need to be told all over again that the resumption of full-scale aid deliveries is vital to avoid wide scale starvation, or that the UN must drive the aid distribution and there is a vital need for a ceasefire.”

     

    “This is just New Zealand dusting off the rhetoric which it issued a year ago – which was completely ignored by Israel.”

     

    Minto says the only promising moves with potential teeth are in a joint statement just issued by the UK, France and Canada.

     

    “At last, some major countries are talking about sanctions,” Minto says.

     

    The triparted statement threatens sanctions against Israel.

     

    “If Israel does not cease the renewed military offensive and lift its restrictions on humanitarian aid, we will take further concrete actions in response.”

    They (the three countries) also warned they would be prepared to impose targeted sanctions over attempts to expand settlements in the occupied West Bank.

     

    Minto says over the past few days Israel has been ramping up its assault on Gaza to even higher levels of ferocity.

     

    “It’s time for governments’ words to end, and sanctions to be implemented.  A year ago, Canada and New Zealand were issuing joint statements on Gaza, along with Australia.”

     

    “Canada has raised the stakes.  New Zealand should move past Canada and implement sanctions immediately.”

     

    https://www.bignewsnetwork.com/news/278229391/joint-donor-statement-on-humanitarian-aid-to-gaza

    UK, France and Canada condemn ‘egregious actions’ by Netanyahu’s Israel

     

    John Minto

    Co-Chair

    Palestine Solidarity Network Aotearoa

    MIL OSI New Zealand News

  • Trump’s mass layoff threat drives U.S. government workers to resign

    Source: Government of India

    Source: Government of India (4)

    Tens of thousands of U.S. government workers have chosen to resign rather than endure what many view as a torturous wait for the Trump administration to carry out its threats to fire them, say unions, governance experts and the employees themselves.

    President Donald Trump signed an executive order on taking office to dramatically slash the size and cost of government. Four months later, mass layoffs at the largest agencies have yet to materialize and courts have slowed the process.

    Instead, most of the roughly 260,000 civil servants who have left or will leave by the end of September have taken buyouts or other incentives to quit. Some told Reuters they could no longer live with the daily stress of waiting to be fired after multiple warnings from Trump administration officials that they could lose their jobs in the next wave of layoffs.

    As a result, Trump and tech billionaire Elon Musk’sDepartment of Government Efficiency have managed to cut nearly 12% of the 2.3 million-strong federal civilian workforce largely through threats of firings, buyouts and early retirement offers, a Reuters review of agency departures found.

    The White House did not respond to a request for comment for this story. Trump and Musk say the federal bureaucracy is bloated, inefficient and beset with waste and fraud.

    The White House has yet to provide an official tally of the number of people leaving the federal workforce. It said 75,000 took the first of two buyout offers but has not said how many took a second buyout offer last month. Under the scheme, civil servants will receive full pay and benefits through September 30, with most not having to work during that period.

    Deep cuts are earmarked for several agencies, including over 80,000 jobs at the Department of Veterans Affairs, and 10,000 at the Department of Health and Human Services.

    Since January, many government workers have spoken of living in fear of being fired. Many agencies have sent regular emails to staff that couple incentives to quit with warnings that those who stay face the possibility of being laid off.

    They have also endured cramped offices after Trump ordered all remote workers to return to work and dysfunction inside their agencies caused by a brain drain of experienced workers.

    Don Moynihan, a professor at the Ford School of Public Policy at the University of Michigan, said a series of moves by DOGE and Trump have worn down the early defiance of many civil servants and led them to leave the workforce, a strategy that avoids the legal pitfalls of firing them.

    They include the first buyout offer, which told workers they needed to leave their “lower productivity” jobs; a demand by Musk for workers to summarize five things they had achieved at work in the previous week, and workers being asked to do jobs they were not trained for.

    “It’s inappropriate to think of these as voluntary resignations. Many of these employees feel that they were forced out,” Moynihan said.

    Charlotte Reynolds, 58, took an early retirement offer and left her job as a senior tax analyst at the tax-collecting Internal Revenue Service on April 30.

    Reynolds chose not to take the first buyout offer in January, deciding to tough things out. By April she had had enough.

  • Delhi CM Rekha Gupta inaugurates Delhi Games 2025 at Talkatora Stadium

    Source: Government of India

    Source: Government of India (4)

    Delhi Chief Minister Rekha Gupta inaugurated the Delhi Games 2025 at Talkatora Stadium in New Delhi on Tuesday. Delhi Minister for Urban Development, Education & Training, Ashish Sood, was also present at the inauguration ceremony.

    The Chief Minister emphasized that athletes from Delhi should receive all necessary facilities, contrasting this with the shortcomings of previous governments.

    She stated that the Delhi government, through the Delhi Sports Council, would ensure that athletes have access to the resources they need to train and compete in the capital, enabling them to bring honor to the city.

    “Athletes from Delhi should get all the facilities they need. In previous governments, we saw that due to a lack of facilities in Delhi, athletes had to go to other states and register there. The Delhi government, through the Delhi Sports Council, will provide all necessary facilities so that they stay in Delhi and earn laurels for the national capital,” Rekha Gupta told reporters.

    More than 22,000 athletes are expected to compete across 20 sports disciplines during the Delhi Games.

    Earlier, on May 17, CM Rekha Gupta also inaugurated a new water pipeline in Singalpur village, located in the Shalimar Bagh area of the national capital.

    Addressing the public at that event, the Chief Minister said, “Until now, we have been paying off the liabilities of previous governments. Our government is committed to the welfare of the people. Work must be done in the public interest—no work should be left unfinished.”

    She further emphasized her administration’s focus on transparency and integrity, stating, “It is the government’s responsibility to carry out every task with complete transparency and honesty, and we will fulfill it.”

    Gupta also criticized the former Aam Aadmi Party (AAP) government for neglecting the capital’s infrastructure, particularly its firefighting systems, which she described as being in a “dilapidated state.”

    “The firefighting systems under the previous government were in a dilapidated state. Because of this, we were unable to provide timely solutions during several tragedies,” she said.

    Later, the Chief Minister, along with Bharatiya Janata Party (BJP) MP Ramvir Bidhuri and Minister Ashish Sood, inspected the modern firefighting vehicles of the Delhi Fire Service at the Secretariat.

  • MIL-OSI United Kingdom: Bus stop camera enforcement due to begin on Evington Road

    Source: City of Leicester

    A new CCTV camera is due to begin operating on a busy Leicester road to tackle motorists who illegally park in a bus stop.

    The bus stop clearway, on Evington Road near its junction with Kedlestone Road, is frequently used by motorists illegally parking which causes congestion and slows bus journey times on the busy route.

    Camera enforcement, along with new lines and signs, will be introduced from Tuesday 27 May. For the first two weeks, drivers caught using the bus stop clearway will receive warning notices.

    Enforcement will begin for real on Tuesday 10 June from which time penalty charge notices for £70 will be issued. This will be reduced to £35 if paid within 21 days.

    In all, the work is costing around £50,000, which includes signs and lines, and will be funded through the council’s transport improvement capital budget

    Cllr Geoff Whittle, assistant city mayor for environment and transport, said: “People need to know the buses will run on time and can be relied upon. Keeping the bus clearways and bus stops free of other traffic is key to achieving that.

    “Drivers parking illegally at this busy and well-used bus stop aren’t just causing delays and congestion. They are also potentially putting passengers at risk as they get on and off their buses.

    “We know from where we’ve introduced camera enforcement at other hotspots in the city, it can be a very effective way of tackling problems like this.

    “For the first two weeks, we’ll be warning drivers to ensure they know about the new regulations, before we start issuing penalty charge notices.”

    Once introduced, the new camera enforcement will operate 24 hours a day, 7 days a week.

    A bus stop clearway is part of the carriageway where motorists are not permitted to stop at any time. Camera enforcement of the regulations is permitted under the Traffic Management Act 2004.

    MIL OSI United Kingdom

  • MIL-OSI Russia: Sobyanin: The number of military-patriotic clubs in schools and colleges has doubled

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The number of military-patriotic clubs in Moscow schools and colleges has doubled. Sergei Sobyanin reported this in his telegram channel.

    “Today, there are already over 400 such associations, where more than 20 thousand children are involved. Under the guidance of experienced mentors, they participate in expeditions, study the history of the country and prepare for military-sports competitions. All this helps them better understand what is behind the history of our Motherland, appreciate their people even more and be proud that we are part of this great country,” the Mayor of Moscow wrote.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    Special attention is paid to search activities. Every year, young Muscovites restore the memory of the heroes of the Great Patriotic War: they find and rebury the remains of soldiers, establish their identities and search for relatives.

    Another important area is air search. The guys go to the crash sites of Soviet planes, looking for fragments of equipment and personal belongings of pilots.

    In addition, schoolchildren and students take care of monuments and memorials.

    Some military-patriotic associations are named after heroes of the Great Patriotic War and the special military operation (SVO). For example, the recently opened club of school No. 1591 is named after Hero of Russia Yevgeny Fadin, a SVO participant who commanded a group of unmanned aircraft. Here, children will find many interesting activities – from studying history in museums to training in basic military training based on games: laser tag and paintball.

    Over time, military-patriotic clubs will appear in all educational institutions of the capital.

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

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

    https: //vv.mos.ru/mayor/tkhemes/12777050/

    MIL OSI Russia News

  • MIL-OSI Russia: Denis Manturov: The world checks its watches against the standards of Russian metrologists

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Previous news Next news

    Denis Manturov took part in the International Metrology Forum and Exhibition “Metrology Without Borders”

    First Deputy Prime Minister Denis Manturov took part in the International Metrology Forum and Exhibition “Metrology Without Borders”.

    Welcoming the participants of the plenary session of the forum, Denis Manturov noted that Russia has come a long way in the development of metrology and confidently maintains its leading positions. Over the past five years, complete independence in the field of primary standards has been ensured. In particular, Denis Manturov called the domestic standard of this most important continuous value a significant contribution to the formation of the international scale of units of time.

    “In essence, the entire world is now checking its watches against the standards of Russian metrologists. It is important not only to maintain the current level of their competence, but also to further improve it. Today, it is obvious that having our own modern, effective metrological infrastructure is one of the elements of technological sovereignty. New challenges require continued modernization of the reference base and development of new generation reference standards,” the First Deputy Prime Minister emphasized.

    Denis Manturov, together with the Minister of Industry and Trade Anton Alikhanov, got acquainted with the key achievements of metrology scientists and the capabilities of domestic manufacturers of measuring instruments. At the Rosstandart stand, specialists from the subordinate All-Russian Research Institute of Physical, Technical and Radiotechnical Measurements demonstrated a high-precision relative gravimeter “Peshekhod”, which measures the values of the gravitational field with an accuracy of up to μGal units, as well as an express method for detecting counterfeit products of the oil and fat industry. In addition, a portable spectrum analyzer SK4M-14 was shown, which allows you to completely abandon foreign measuring instruments, and a set of tools for checking charging stations.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Marat Khusnullin: The government has decided to relaunch the all-Russian competition “Best Municipal Practice”

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Prime Minister Mikhail Mishustin signed a resolution amending the regulations on the all-Russian competition “Best Municipal Practice”.

    “The All-Russian competition is one of the effective tools to support the best municipal practices aimed at improving the quality of life of citizens. The government is working to improve the competition. A resolution has been adopted, which transforms two current nominations into new ones – “Improving the efficiency of territorial management” and “Improving the recognition of municipalities (territory brand)”. The new nominations will stimulate the use of new tools for the socio-economic development of municipalities. In addition, they will contribute to the creation of new points of attraction and an attractive image of the territories,” said Deputy Prime Minister Marat Khusnullin.

    The Deputy Prime Minister noted that the competition is intended to replicate successful experiences in municipalities, which will help create comfortable living conditions for people throughout the country.

    The All-Russian competition “Best Municipal Practice” has been held by the Government since 2017.

    The competitive selection in 2025 will be held in 5 nominations: “Urban development policy, improvement and housing and communal services”, “Smart city”, “Strengthening interethnic peace and harmony at the municipal level”, “Increasing the efficiency of territorial management”, “Increasing the recognition of municipalities (territory brand)”.

    1 billion rubles will be allocated to reward the 50 municipalities that won the competition. The results will be announced in the fall of 2025.

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: President Lai interviewed by Nippon Television and Yomiuri TV

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai delivers address on first anniversary of taking office  
    On the morning of May 20, President Lai Ching-te delivered an address on the first anniversary of his taking office. In his address, the president stated that the Taiwan of today is a Taiwan of the world, and whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. He said that, looking forward, we will not cower in the face of challenges; rather, we will bravely march forward into the future. We will maintain solidarity, he emphasized, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly.  President Lai stated that moving forward, the government will set up a fund to boost Taiwan’s economic momentum. He also stated that he will be instructing the national security team to initiate a major national security briefing for the chairs of opposition parties, in the hope that leaders of all parties can prioritize our nation’s interests and uphold our nation’s security so that we can tackle our nation’s challenges side by side. A translation of President Lai’s address follows: Yesterday, outside of Beida Elementary School in New Taipei City’s Sanxia District, there was a major traffic accident that, sadly, claimed several lives and resulted in multiple injuries. The Executive Yuan immediately formed a task force, and last night I personally visited the victims in hospital. Central government agencies and the local government will cooperate to provide assistance to the victims’ families. They will work as quickly as possible to determine the cause of the accident and assess areas for improvement, so as to prevent reoccurrence of accidents like this. Today, let me express my deepest condolences to the bereaved families for the unfortunate loss of life and my hope for the quick and full recovery of those injured. The purpose of government is to serve the people. I want to thank the people of Taiwan for entrusting me, one year ago today, with the responsibility of leading the nation bravely forward. I want to thank all my fellow citizens for working hand in hand with the government over this past year. Together, we have overcome numerous challenges to ensure that our nation will keep moving forward.  As we face three major challenges that receive international attention and create the largest impact on our citizens: climate change, the promotion of health, and social resilience, I decided to establish three committees at the Presidential Office. In each committee, we have thus far seen incremental progress. We are working to align ourselves with international standards. The voluntary bottom-up plans of different government agencies plus the top-down approach of the Executive Yuan National Council for Sustainable Development’s Net Zero Emissions Transition Taskforce have produced 20 flagship carbon reduction projects for six major sectors. The government is expected to continue to inject over NT$1 trillion in the budget for the net-zero transition by 2030; and we expect to spur at least NT$5 trillion in private green investment and financing as we work toward the new 2035 NDC target for emissions reductions of 38±2 percent. Taiwan’s air quality has been steadily improving. From 2015 to today, the annual average PM2.5 concentration has dropped from 21.82 to 12.8 μg/m3. Taiwan officially began collecting fees for its carbon fee system this year. With firm resolve, a steady pace, and flexible strategies, we will work to realize the vision of net-zero transition by 2050; and together with the world we will pursue sustainable growth and prosperous development. To address the challenges in the post-pandemic world, we are establishing a national center for disease prevention and control, strengthening our central pandemic response. To promote health for all, we are promoting cancer screening, establishing a fund for new cancer drugs, and launching the five-year, NT$48.9 billion Healthy Taiwan Cultivation Plan. This year, we significantly increased the total National Health Insurance budget by NT$71.2 billion to achieve sustainable NHI development. We aim to create a Healthy Taiwan, keeping people healthy and making the nation stronger so that the world embraces Taiwan. We are also hard at work to enhance our whole-of-society defense resilience. In addition to continuing to assess various aspects of preparedness at the national level and conduct field verification, we have concerted the efforts of various ministries to propose 17 major strategies to respond to national security and united front threats, uniting our people to resist division and protecting our cherished free and democratic way of life. Recently, the Executive Yuan made special budget allocations of NT$410 billion, of which NT$150 billion is aimed to enhance national resilience. On this, we look forward to mutual support from the ruling and opposition parties. As our nation continues on the path forward, challenges and obstacles will continue to emerge. Early last month, the United States announced its new tariff policy, and in response I proposed five major strategies. I also launched industry listening tours, with the aim of working alongside industries to overcome challenges and open up new opportunities. The Executive Yuan is also soliciting opinions from all sectors as quickly as possible to put forward a special act to enhance the resilience of Taiwan’s national security. The annual surplus will be utilized in the special budget allocations totaling NT$410 billion to not only support industries and stabilize employment, but also strengthen the economy, protect people’s livelihoods, enhance resilience in homeland security, and ensure that Taiwan’s industries continue to steadily advance amidst changing circumstances. Notably, in our discussions across different industries, all sectors advocated against raising electricity prices and were in support of government subsidies for Taiwan Power Company. These would offset Taipower’s losses from subsidies to support people’s livelihoods and for industrial electricity usage since the COVID-19 pandemic and Russo-Ukrainian War, both strengthening its finances and stabilizing electricity prices. We look forward to cooperation among the ruling and opposition parties to pass the Executive Yuan’s special budget. All sectors hope to maintain a stable power supply. As energy security is national security, ensuring a stable power supply while developing more forms of green energy is, whether now or in the future, one of the government’s most important tasks. Aside from the issue of electricity prices, the Taiwanese people have also been closely following the recent Taiwan-US tariff negotiations. The first round of in-person talks have concluded, and tariff negotiations are currently still going smoothly. The government will uphold the principles of ensuring national interests and safeguarding industry development, under no circumstances sacrificing any one sector. We will stand firm on Taiwan’s position and, from the basis of deepening Taiwan-US economic and trade relations, strive for optimal negotiation results in a well-paced, balanced manner. Taiwan shares democratic values with our democratic partners around the world. When combined with our adherence to free market principles to foster mutual prosperity, those values are our greatest assets. They form a protective umbrella that allows Taiwanese businesses to unleash their vitality and energy. They are also the most significant mark of distinction between us and authoritarian regimes. For many years now, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation, spurring mutual growth. Among friends, there is always some friction; but that friction is always resolvable. Just as it says in the Bible, “As iron sharpens iron, so one person sharpens another.” Through mutual exchange, friends can smooth out their shortcomings and further hone their strengths. Even when differences arise, so long as there is a foundation built on trust and honest dialogue, friends can better understand one another and further deepen their bonds. Now, Taiwan’s market is global; its stage is international. Going forward, we will hold firm to our democratic values and expand into diverse markets. First, Taiwan’s economic path is clearly established. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. In recent years, Taiwan has updated investment protection agreements with such countries as the Philippines, India, Vietnam, and Thailand, and signed a foreign investment promotion and protection arrangement with Canada. Moving forward, we will endeavor to sign investment protection agreements and double taxation avoidance agreements with our friends and allies. Second, Taiwan’s trade strategy is clearly defined. We will extend our market connections with the US and other free, democratic nations, expanding our presence worldwide. To that end, we have completed the signing of the first agreement under the Taiwan-US Initiative on 21st-Century Trade and signed an enhanced trade partnership arrangement with the United Kingdom. We are in active negotiations on trade agreements with other countries, and we continue to seek admission to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and other mechanisms for regional economic integration. Third, we must ensure that Taiwan’s economy is export-led while expanding domestic demand, concurrently prioritizing strong technological R&D and upgraded traditional industries, and boosting software development, production, and manufacturing. We must also continue tapping into Taiwan’s strengths to attract international firms here to invest and collaborate. In just the past few years, Entegris opened a new manufacturing facility in Kaohsiung, Micron launched a new facility in Taichung, and Google further solidified Taiwan as its biggest R&D hub outside of the US by opening a new office here. AMD, Nvidia, and major cloud computing companies from the US have also been expanding their presence here. And yesterday, Nvidia even announced that it will establish an overseas headquarters in Taiwan. Through such collaboration across borders, we are introducing advanced technology from overseas and engaging in international R&D. We will build Taiwan into an even more resilient economy. Moving forward, the government will set up a fund to boost Taiwan’s economic momentum. With our sights set on the whole globe, we will invest in international markets, while the government will also set up a sovereign wealth fund and build a national-level investment platform. We will make full use of Taiwan’s industrial advantages and, with the government taking the lead and synergizing private-sector enterprises, expand our global presence and link with major target markets of the AI era. Domestically, we will bolster local supply chains and strengthen industries’ ability to adapt to changing circumstances. The government will enhance the functions of the National Development Fund to achieve industrial restructuring and assist domestic industries and small- and medium-sized enterprises with upgrading and transformation, raising international competitiveness and consolidating domestic industry foundations. My fellow citizens, our market and our values are defined by democracy. Democracy is also a display of our national strength. Taiwan was once the country with the world’s longest martial law period, but now, we are a beacon for democracy in Asia. Our past generations, through valiant sacrifice and devotion, bravely resisted authoritarianism and pursued democracy. Today’s younger generations are able to proactively engage in politics, protect the nation, further entrench democracy, and strive for a diverse Taiwan through all manner of constitutional and legal means, without fear of difficulty. This is the democratic Taiwan we take pride in. I am confident that no one Taiwanese would give up their free and democratic way of life. And no president can abandon the values of freedom and democracy. On the path of democracy, Taiwan never relied on the mobilization of hate; rather, it relied on the participation and coming together of citizens. We do not fear differences in opinion because the core of democracy is about finding, within difference, unity. I have always believed that democratic disputes are resolved through greater exercise of democracy. Over the past year, despite the domestic political situation, ruling and opposition parties formed a delegation to attend the inaugural ceremonies of the president and vice president of the US, demonstrating that democratic Taiwan stands united for deepening Taiwan-US ties. I also, in accordance with the powers granted me by the Constitution, convened a national policy meeting with the heads of the five branches of government, with the hope of achieving reconciliation and encouraging cooperation. I have always been willing, with open arms, to work hard for cross-party dialogue and strengthened cooperation among our political parties. That is why I will be instructing our national security team to initiate a major national security briefing for the chairs of opposition parties. It is hoped that leaders of all parties, regardless of political stance, can prioritize our nation’s interests and uphold our nation’s security; and grounded in shared facts, we can openly and honestly exchange views and discuss matters of national importance, so that we can tackle our nation’s challenges side by side. Later today is the opening ceremony of COMPUTEX TAIPEI, an event that will be closely followed in the international community. Taiwan, as the world’s silicon island, is a central pillar in the global economy and the field of AI, and this event will therefore attract important tech industry figures from around the world. Once a small-scale expo initially held near Taipei’s Songshan Airport, COMPUTEX has continued to grow in scale over the past 40-plus years, and now marks an important milestone in the development of global technological innovation. COMPUTEX is a microcosm of the Taiwan story, an achievement that the people of Taiwan share. The Taiwan of today is a Taiwan of the world. Whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. My fellow citizens, we do not cower in the face of challenges; rather, we bravely march forward into the future. As the saying goes, success is 30 percent destiny and 70 percent hard work. We will maintain solidarity, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly. That is the spirit of us Taiwanese. We will keep working together in solidarity and meet challenges with firm strides, making Taiwan a global beacon, a pilot for world peace, and a force for global prosperity. Thank you.  

    Details
    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

    Details
    2025-05-09
    President Lai extends congratulations on election of His Holiness Pope Leo XIV  
    Following the successful election of the 267th pope of the Roman Catholic Church, His Holiness Pope Leo XIV, on May 8, President Lai Ching-te extended sincere congratulations on behalf of the people and government of Taiwan, including its Catholic community. The president stated that he looks forward to working with Pope Leo XIV to continue deepening cooperation in the area of humanitarian aid and jointly defend the universal value of religious freedom, expanding and strengthening the alliance between Taiwan and the Vatican. Upon learning of the election results, President Lai directed the Republic of China (Taiwan) Embassy to the Holy See to convey a message of congratulations. In the message, President Lai extended sincere congratulations to Pope Leo XIV on behalf of the people and government of Taiwan, including its Catholic community, expressing confidence that His Holiness will lead the Catholic Church and its 1.4 billion followers worldwide with profound wisdom. President Lai also emphasized that Taiwan looks forward to continuing to work alongside the Holy See in the shared pursuit of peace, justice, religious freedom, solidarity, friendship, and human dignity. This year marks the 83rd anniversary of the establishment of diplomatic ties between Taiwan and the Vatican. Enjoying a strong alliance, Taiwan and the Vatican share such universal values as freedom of religion, respect for human rights, peace, and benevolence, and conduct close exchanges. Taiwan will continue to engage in exchanges and cooperation with the Holy See, further strengthen bilateral relations, and work alongside the Holy See to contribute even more to the world.  

    Details
    2025-05-05
    President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi
    On the afternoon of May 5, President Lai Ching-te met with a delegation from Japan led by House of Representatives Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi. President Lai thanked the government of Japan for continuously speaking up for Taiwan at international venues and reiterating the importance of peace and stability in the Taiwan Strait. The president stated that to address China’s gray-zone aggression against neighboring countries, Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. He said he looks forward to bilateral industrial cooperation in fields including semiconductors, hydrogen energy, AI, and drones, jointly strengthening the resilience of non-red supply chains, and promoting mutual prosperity and development.    A translation of President Lai’s remarks follows: I would like to welcome all the members of the Japanese Diet who are using their valuable Golden Week vacation to visit Taiwan, especially House of Representatives Member Nishimura Yasutoshi, whom former Prime Minister Shinzo Abe deeply trusted and relied on, and who for many years held important cabinet positions. This is his first visit after a hiatus of 17 years, so I am sure he will sense Taiwan’s progress and development. House of Representatives Member Tanaka Kazunori has long promoted local exchanges between Taiwan and Japan, and I hope that our visitors will all gain a deeper understanding of Taiwan through this visit.  Yesterday, several of our distinguished guests made a special trip to Kaohsiung to pay their respects at the statue of former Prime Minister Abe, a visionary politician with a broad, international perspective. The former prime minister pioneered the vision of a free and open Indo-Pacific, and once said that “if Taiwan has a problem, then Japan has a problem,” demonstrating strong support for Taiwan and making a deep and lasting impression on the hearts of Taiwanese. Over the past few years, China has continuously conducted military exercises in the Taiwan Strait, East and South China Seas, and carried out acts of gray-zone aggression against neighboring countries, severely undermining regional peace and stability. Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. Especially since Taiwan and Japan are democratic partners who share values such as freedom, democracy, and respect for human rights, if we can strengthen cooperation in areas such as maritime security, social resilience, and addressing gray-zone aggression, I am confident we can demonstrate the strength of deterrence, ensure peace and stability in the Indo-Pacific region, and safeguard our cherished democratic institutions. I would like to take this opportunity to thank the Japanese government for continuously speaking up for Taiwan at international venues, including this year’s US-Japan leaders’ summit, the G7 foreign ministers’ joint statement, and the Japan-NATO bilateral meeting, reiterating the importance of peace and stability in the Taiwan Strait and expressing opposition to unilaterally changing the status quo by force or coercion. In the face of global economic and trade changes, economic security is becoming increasingly important, and Taiwan looks forward to further deepening economic cooperation with Japan. In addition to actively seeking to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Taiwan hopes to sign an economic partnership agreement (EPA) with Japan as soon as possible. This will expand our cooperation in industries such as semiconductors, hydrogen energy, AI, and drones, establish a closer economic partnership, jointly strengthen the resilience of non-red supply chains, and promote mutual prosperity and development. Once again, I welcome all of our guests. I am deeply grateful for your taking concrete action to deepen Taiwan-Japan relations and show support for Taiwan. I wish you a successful and rewarding visit.  Representative Nishimura then delivered remarks, first thanking President Lai for taking time out of his busy schedule to meet with the visiting delegation. He also expressed admiration for the performance of President Lai’s government, which has allowed Taiwan to develop smoothly amidst the current complex international situation. Representative Nishimura mentioned that when former Prime Minister Abe unfortunately passed away in 2020, President Lai, who was vice president at the time, personally visited the former prime minister’s residence to offer his condolences. The representative said that including that meeting, today is the second time he and President Lai have met. This delegation’s visit to Taiwan, he said, carries on the legacy of former Prime Minister Abe. He said that Taiwan and Japan are countries that share universal values and have close ties in terms of economic cooperation and mutual visits. Notably, he highlighted, in 2024, business travelers from Taiwan made over six million visits to Japan, and based on population, Taiwan has the highest percentage of visitors to Japan. He also expressed hope that more Japanese people will visit Taiwan for tourism.   Representative Nishimura stated that the delegation visited Kaohsiung yesterday to pay their respects at the statue of former Prime Minister Abe. Then, he said, they traveled to Tainan to sample a wide variety of fruits and local delicacies, during which time they also discussed the Wushantou Reservoir, built by Japanese engineer Hatta Yoichi. Since May 8 is the anniversary of Mr. Hatta’s birth, Representative Nishimura said he hopes to use this opportunity to continue Mr. Hatta’s concern and love for Taiwan, and further deepen the friendship between Taiwan and Japan. Representative Nishimura said that when he served as Japan’s Minister of Economy, Trade, and Industry, he welcomed Taiwan’s application to join the CPTPP on behalf of the Japanese government. He also said that his government has also provided substantial assistance for the establishment of Taiwan Semiconductor Manufacturing Company’s (TSMC) fab in Kumamoto, Japan. He said he believes that mutual cooperation between Taiwan and Japan in the semiconductor sector can further promote semiconductor industry development, and build a more resilient supply chain system. Representative Nishimura pointed out that former Prime Minister Abe once said, “If Taiwan has a problem, then Japan has a problem.” Currently, many European countries are also very concerned about peace and stability in the Asia-Pacific region, because it is crucial to peace and stability in the entire international community. It can therefore be said that “if Taiwan has a problem, the world has a problem.” He said he believes that in order to maintain peace and stability in the Taiwan Strait, like-minded countries and allied nations must all cooperate closely and definitively proclaim that message. He then said he looks forward to exchanging views with President Lai on issues such as strengthening Taiwan-Japan relations and changes in the international situation. The delegation also included Chairman of Kanagawa Prefecture Japan-Taiwan Friendship Association Matsumoto Jun, Japanese House of Representatives members Nishime Kosaburo, Sasaki Hajime, Yana Kazuo, and Katou Ryusho, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki. 

    Details
    2025-05-02
    President Lai meets Atlantic Council delegation
    On the afternoon of May 2, President Lai Ching-te met with a delegation from the Atlantic Council, a think tank based in Washington, DC. In remarks, President Lai said that we have already proposed a roadmap for deepening Taiwan-US trade ties to achieve a common objective of reducing all bilateral tariffs. At the same time, the president said, we will expand investments across the United States and create win-win outcomes for both sides through the trade and economic strategy of “Taiwan plus the US.” The president also emphasized that Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. He expressed hope that, given shared economic and security interests, Taiwan and the US will generate even greater synergy and prove to be each other’s strongest support. A translation of President Lai’s remarks follows: I welcome you all to Taiwan. In particular, Vice President Matthew Kroenig visited Taiwan last June and now is making another trip less than a year later. He also contributed an important article supporting Taiwan to a major international publication, highlighting the concern that our international friends have for Taiwan. We are truly moved and thankful. On behalf of the people of Taiwan, I sincerely thank all sectors of the US for their longstanding and steadfast support for Taiwan. Especially, as we face the challenges arising from the regional situation, we hope to continue deepening the Taiwan-US partnership. Holding a key position on the first island chain, Taiwan faces military threats and gray-zone aggression from China. We will continue to show our unwavering determination to defend ourselves. I want to emphasize that Taiwan is accelerating efforts to enhance its overall defense capabilities. The government will also prioritize special budget allocations to increase Taiwan’s defense spending from 2.5 percent of GDP to more than 3 percent. This reflects the efforts we are putting into safeguarding our nation and demonstrates our determination to safeguard regional peace and stability. During President Donald Trump’s first term, Taiwan purchased 66 new F-16V fighter jets. The first of these rolled off the assembly line in South Carolina at the end of this March. This is crucial for Taiwan’s strategy of achieving peace through strength. In the future, we will continue to procure defense equipment from the US that helps ensure peace and stability across the Taiwan Strait. We also look forward to bilateral security collaboration evolving beyond arms sales to a partnership that encompasses joint research and development and joint manufacturing, further strengthening our cooperation and exchanges. Taiwan firmly believes in fair, free, and mutually beneficial trade ties. Indeed, we have already proposed a roadmap for deepening Taiwan-US trade ties. This includes our common objective of reducing all bilateral tariffs as well as narrowing the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. At the same time, we will expand investments across the US. We will promote our “Taiwan plus one” policy, that is, the new trade and economic strategy of “Taiwan plus the US,” to build non-red supply chains and create win-win outcomes for both sides. As the US is moving to reindustrialize its manufacturing industry and may hope to become a global manufacturing center for AI, Taiwan is willing to join in the efforts. Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. We have every confidence that, given shared Taiwan-US economic and security interests, we can generate even greater synergy and prove to be each other’s strongest support. In closing, I thank Vice President Kroenig once again for leading this delegation, demonstrating support for Taiwan. I look forward to exchanging opinions with you all in just a few moments. I wish you a smooth and successful trip. Vice President Kroenig then delivered remarks, first thanking President Lai for hosting them. He said that it is an honor to be here and to lead a delegation from the Atlanta Council, which consists of a mix of former senior US government officials with responsibility for Taiwan and also rising stars visiting Taiwan for the first time. Vice President Kroenig said that they are here at a critical moment, as there is an ongoing war in Europe, multiple conflicts in the Middle East, and increased Chinese aggression in the Indo-Pacific. Moreover, he pointed out, the regimes of China, Russia, Iran, and North Korea are increasingly working together in a new axis of aggressors. Vice President Kroenig indicated that the challenge facing the US and its allies and partners, including Taiwan, is how to deter these autocracies and maintain global peace, prosperity, and freedom, especially in Taiwan, whose security and stability matter, not only for Taiwan, but also for the US and the world. Vice President Kroenig assured President Lai and the people of Taiwan that the US is a reliable partner for Taiwan. The vice president stated that the administration under President Trump is prioritizing the deterrence of China, and that President Trump has announced an intention to have the largest US defense budget in history, more than US$1 trillion, to resource this priority. Pointing out that an America-first president will not help a country that is not helping itself, Vice President Kroenig said that their delegation has been impressed with the steps President Lai and the administration are taking to strengthen Taiwan’s security, including increasing defense spending, developing a societal resilience strategy, and using cutting edge technologies like unmanned systems to promote indigenous defense production. Vice President Kroenig said that more than money and equipment are necessary to secure a democracy against a powerful and ruthless neighbor, adding that history shows that the human factor is the most important. In the end, he said, it will be the will of the people of Taiwan to resist coercion and to defend their home which will be the most important factor determining the future fate of Taiwan and for the ability of the people of Taiwan to chart their own destiny. Vice President Kroenig emphasized that Americans are willing to support Taiwan in this endeavor, but it will be the people of Taiwan and strong and capable leaders like President Lai at the forefront of this struggle, with the firm support of America. Vice President Kroenig said that as the US and Taiwan work together on these challenges, the Atlantic Council looks forward to offering support behind the scenes. Founded in 1961 to support the Transatlantic Alliance, he said, the Atlantic Council is a global think tank, and part of its DNA is working closely with friends and allies in the Indo-Pacific, including Taiwan. He said they look forward to continuing their close and longstanding cooperation with Taiwan through visiting delegations, research and reports, and public and private events. In closing, Vice President Kroenig thanked President Lai again for hosting them and for the work he is doing to secure the free world. The delegation also included former Deputy Assistant Secretary of Defense for East Asia Heino Klinck and former Director for Taiwan Affairs at the White House National Security Council Marvin Park.

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

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Winnie Ho begins Paris visit

    Source: Hong Kong Information Services

    Secretary for Housing Winnie Ho yesterday began her trip to Paris, France, by visiting a social housing project, a zero carbon district and a construction innovation centre.

    At the social housing project which is undergoing renovation and will be upgraded into an energy saving and environmentally friendly building, Ms Ho learnt about how Paris minimises the impact of the works on the residents while they remain in place during the renovation.

    During the visit, she shared the Housing Authority’s (HA) experience in redeveloping aged public housing estates, including conducting detailed studies and listening carefully to stakeholders’ views through diversified means to forge a consensus and formulate the most suitable and cost-effective redevelopment plans.

    Furthermore, to enhance the sense of well-being of the residents, the Housing Bureau (HB) and the HA launched a resident-oriented “Well-being design” guide last year.

    The guide serves as a reference for the future design of new public housing estates and the improvement works of existing estates to create a more comfortable and inclusive estate environment.

    In the afternoon, Ms Ho visited Îlot Fertile, a zero carbon district in Paris which is a composite development project with abundant green space, integrating social housing, offices, commercial, retail, hostels and more.

    Renewable energy systems and innovative construction technologies are adopted during the construction to implement low-carbon building initiatives and enhance energy efficiency in buildings.

    The housing chief pointed out that air ventilation assessments and microclimate studies are carried out for the HA’s new public housing developments to enhance environmental performance in aspects such as wind environment, natural ventilation and natural light exposure in buildings.

    The HB and the HA have also been actively promoting the application of innovative construction technologies such as Modular Integrated Construction, Multi-trade Integrated Mechanical, Electrical & Plumbing and construction robotics.

    These help to enhance construction quality and efficiency, shorten construction time and greatly reduce material waste, making the construction more environment friendly.

    She said Hong Kong and Paris share the same vision in promoting energy saving and green buildings, and hoped to strengthen relevant co-operation between the two cities.

    Ms Ho then visited the Construction Innovation Centre at the Bouygues Construction headquarters and met Bouygues Construction Group Chairman and Chief Executive Officer (CEO) Pascal Minault and Deputy CEO Pierre-Éric Saint-André to exchange ideas on the latest smart building technologies, green building and sustainable urban development.

    She noted that Bouygues Construction and Dragages Hong Kong, headed by the group, have established a presence in Hong Kong for many years and contributed in various infrastructure, government buildings and public housing projects, and that she looked forward to continued collaboration in driving the industry to usher in a new era of smart construction.

    MIL OSI Asia Pacific News

  • PM Modi to visit Rajasthan on May 22, unveil development projects worth over ₹26,000 crore

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi is scheduled to visit Rajasthan on May 22, where he will inaugurate and lay the foundation stone for a series of development projects worth over ₹26,000 crore. The visit will include a public address in Palana, Bikaner, and a darshan at the Karni Mata Temple in Deshnoke around 11:00 AM.

    Focus on Rail Infrastructure

    As part of the day’s events, PM Modi will inaugurate the redeveloped Deshnoke Railway Station under the Amrit Bharat Station Scheme and flag off the Bikaner-Mumbai express train. He will also launch 103 redeveloped Amrit Stations across 86 districts in 18 states and union territories, developed at a cost of over ₹1,100 crore. These stations integrate modern passenger amenities with regionally inspired architecture and improved accessibility, including facilities for Divyangjan.

    Reflecting India’s diverse cultural fabric, stations like Deshnoke, Thawe, and Begumpet are being redesigned to showcase traditional architectural styles and local art forms as part of a nationwide revamp covering over 1,300 railway stations.

    The Prime Minister will also dedicate six electrified rail lines across Rajasthan and lay the foundation stone for the Churu–Sadulpur rail line. These electrification projects, covering nearly 1,000 km, support Indian Railways’ goal of 100% electrification for enhanced operational efficiency and reduced carbon emissions.

    Expansion of Road Network

    Significant investments in road infrastructure are also on the agenda, with PM Modi laying the foundation stone for three vehicle underpasses and several national highway upgrades. He will also dedicate seven major roadway projects in Rajasthan, collectively worth over ₹4,850 crore. These projects aim to improve connectivity to the Indo-Pak border, boosting both civilian mobility and national security.

    Push for Renewable Energy and Power Transmission

    The Prime Minister will further inaugurate and lay the foundation stones for several power and renewable energy projects, including large-scale solar energy developments in Bikaner and Didwana Kuchaman. Projects under PowerGrid Mewar and Sirohi Transmission Ltd will bolster energy evacuation systems. The expansion of solar and transmission capacity is expected to provide clean energy and support India’s climate goals.

    State Projects: Roads, Health, and Water Supply

    A total of 25 state government projects will also be inaugurated or launched during the visit. These include improvements to over 750 km of state highways, with an additional 900 km planned under future phases, at a cost exceeding ₹3,240 crore. In the health sector, PM Modi will inaugurate nursing colleges in Rajsamand, Pratapgarh, Bhilwara, and Dholpur to enhance medical education and local healthcare capacity.

    Water infrastructure projects will also feature prominently. These include the Rural Water Supply and Fluorosis Mitigation Project in Jhunjhunu and the restructuring of urban water supply schemes in seven towns of Pali district under the AMRUT 2.0 scheme.

    This visit comes as part of the government’s broader push to enhance infrastructure, connectivity, and clean energy development across India’s heartland, with Rajasthan at the centre of several strategic initiatives.

  • MIL-OSI United Kingdom: UK announces major sanctions in support of Ukraine

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK announces major sanctions in support of Ukraine

    As President Putin ruthlessly intensifies his strikes against innocent Ukrainians, the UK is ramping up pressure with raft of 100 new sanctions.

    • UK announces wide-ranging sanctions on Russia as Putin launches his biggest ever drone attack against Ukraine.  

    • 100 sanctions targets across Russian military, energy, financial sectors and those conducting Putin’s information war against Ukraine.  

    • UK and partners are also working to tighten the Oil Price Cap, further restricting critical oil revenues for Putin’s war machine.

    As President Putin ruthlessly intensifies his strikes against innocent Ukrainians, the UK is ramping up pressure with raft of 100 new sanctions. 

    The latest sanctions targets include entities supporting Russia’s military machine, energy exports and information war, as well as financial institutions helping to fund Putin’s invasion of Ukraine.    

    On Saturday, Russia fired 273 drones at Ukrainian cities, the biggest drone onslaught of the war.  A strike on a bus in Sumy killed nine civilians.  

    Putin has so far not put in place the full, unconditional ceasefire that President Trump has called for, and which President Zelenskyy endorsed over two months ago.  

    The UK’s latest sanctions action comes as the EU prepares to announce its 17th package of sanctions against Russia, in a co-ordinated effort to secure a just and lasting peace in Ukraine.    

    Today’s measures sanction the supply chains of deadly Russian weapons systems, including Iskander missiles.  This will protect Ukrainian lives, and our collective security by disrupting Russia’s military machine.     

    Putin has repeatedly fired Iskander missiles into crowded civilian areas with a callous disregard for life.  He used these weapons during the strike against Sumy on 13 April that killed 34 civilians including children, some of them heading for Palm Sunday services.     

    UK and other Western sanctions are having a severe effect on Russia’s economy.  Russian GDP shrank in the first quarter of the year and the non-defence economy has been in recession for some time.  Security and defence spending is now over 40% of the federal budget, and Putin has had to raise taxes and slash social spending in order to continue the war.    

    Every rouble by which we cut Kremlin revenues diminishes Putin’s ability to sow chaos, division and disorder across the world and protects the British people, increasing security and prosperity at home.

    As the Prime Minister set out at the European Political Community summit on Friday, people in Ukraine and across the world have paid the price for Putin’s aggression and now he must pay the price for avoiding peace.

    Foreign Secretary, David Lammy said:

    Putin’s latest strikes once again show his true colours as a warmonger.  

    We urge him to agree a full, unconditional ceasefire right away so there can be talks on a just and lasting peace.   

    We have been clear that delaying peace efforts will only redouble our resolve to help Ukraine to defend itself and use our sanctions to restrict Putin’s war machine.

    Today’s sanctions also target 14 more members of the Social Design Agency (SDA), which carries out Kremlin-funded information operations that are designed to undermine sovereignty, democracy, and the rule of law in Ukraine and across the world.    

    The UK previously sanctioned the SDA and several of its leaders in 2024.  We are now targeting all levels of the organisation.    

    In addition, today’s measures will strike at the heart of Putin’s efforts to get around our sanctions and help block his failing attempts to reconnect to the international economy.   

    Today’s action targets 46 financial institutions that help Russian attempts to evade sanctions, as well as the St Petersburg Currency Exchange, and the Russian Deposit Insurance Agency which insures Russian banks.  These new sanctions will further isolate the Russian economy and disrupt Russia’s revenue streams.     

    Finally, the UK will also sanction 18 more ships in the ‘shadow fleet’ carrying Russians oil, along with the fleet’s enablers.  The Prime Minister announced 110 shadow fleet related sanctions ahead of his visit to Kyiv earlier this month.   

    Today’s targets include John Michael Ormerod, a British national who procured ships for Russia’s shadow fleet, and two Russian captains of shadow fleet tankers.  This action imposes a personal cost on those who are supporting Russia’s trade in oil and is another step in the Foreign Secretary’s personal mission to constrain the Kremlin and a crucial part of the Plan for Change to ensure a secure Britain.     

    The UK is also working with partners to tighten the Oil Price Cap that limits the price that Russia can charge for its oil if transported using G7 services like insurance and shipping.  We are reviewing the $60 crude price level, with a view to lowering the cap closer to the cost of production and hitting Putin where it hurts by striking at his oil revenues.

    Background

    The Full list of today’s targets can be found here

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 20 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Biden’s diagnosis underlines need for timely screening

    Source: Anglia Ruskin University

    Former US President Joe Biden – photograph by Gage Skidmore/Flickr

    By Justin Stebbing, Anglia Ruskin University

    Former US President Joe Biden, aged 82, has been diagnosed with an aggressive form of prostate cancer that has spread to his bones, marking a serious escalation in the disease.

    The diagnosis was made after he sought medical help for worsening urinary symptoms – a decision that likely saved his life. A small nodule on his prostate led to further investigation, revealing a high-grade cancer with a Gleason score of nine out of 10. This score indicates one of the most aggressive and fast-growing types of prostate cancer.

    Prostate cancer is the second most common cancer in men worldwide, especially affecting those over the age of 50. The prostate is a walnut-sized gland located just below the bladder, responsible for producing seminal fluid.

    While many prostate cancers grow slowly and may never cause serious harm, some – like Biden’s – are far more dangerous, capable of spreading quickly, often before symptoms are even noticed.

    The Gleason score is a critical tool used to grade prostate cancer based on how abnormal the cancer cells appear under a microscope. It ranges from six to 10, with higher scores indicating more aggressive disease.

    A score of nine suggests that the cancer cells are highly abnormal and likely to spread rapidly, requiring immediate and intensive treatment.

    In Biden’s case, the cancer has already metastasized – or spread – beyond the prostate, to the bones. This places him in stage four, the most advanced stage of prostate cancer. While not curable at this point, it is still treatable and can be managed with a combination of therapies aimed at slowing the disease’s progression and alleviating symptoms.

    A significant detail in Biden’s diagnosis is that the cancer is hormone-sensitive. Prostate cancer cells typically rely on male hormones such as testosterone to grow. Hormone-sensitive cancers can respond well to treatments that block or lower hormone levels – a common first step in managing the disease. This therapy may be combined with chemotherapy, targeted medications, and drugs that help reduce the risk of complications from bone metastases, such as fractures or severe pain.

    Early prostate cancer often has no symptoms, which is why regular screening is crucial, especially for older men or those with a family history of the disease.

    When symptoms do appear, they might include frequent urination (especially at night), difficulty starting or maintaining urine flow, or a feeling that the bladder hasn’t fully emptied. More advanced cancer may manifest as pain in the hips, back, or pelvis, as well as fatigue or unexplained weight loss – all of which contributed to Biden’s decision to seek medical attention.

    While the news of Biden’s diagnosis has been met with concern, it has also sparked a wave of bipartisan support. Messages have poured in from political allies and opponents alike, including President Donald Trump. Beyond the personal response, Biden’s condition has reignited public discussions about prostate cancer – particularly around access to screening, the importance of early detection, and disparities in treatment outcomes.

    The reality is stark: one in eight men will be diagnosed with prostate cancer in their lifetime. For many, it may never become life-threatening. But for others, it can be aggressive and fast-moving, underscoring the importance of vigilance and regular check-ups.

    Biden’s case is a sobering reminder that cancer doesn’t discriminate based on fame or status. It also serves as a testament to the power of listening to your body and seeking help when something feels wrong. Thanks to advancements in medical research, treatment options today are more effective than ever, offering patients a better quality of life – even in the face of a serious diagnosis.

    As Biden begins treatment, his journey may inspire more men to talk to their doctors, get tested and take their health seriously. With the right care and support, life with prostate cancer – even at stage four – is still worth living, and still full of moments that matter.

    Justin Stebbing, Professor of Biomedical Sciences, Anglia Ruskin University

    This article is republished from The Conversation under a Creative Commons license. Read the original article.

    The opinions expressed in VIEWPOINT articles are those of the author(s) and do not necessarily reflect the views of ARU.

    If you wish to republish this article, please follow these guidelines: https://theconversation.com/uk/republishing-guidelines

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Building a faster, more effective clinical trials system

    Source: United Kingdom – Government Statements

    News story

    Building a faster, more effective clinical trials system

    By MHRA Chief Executive Lawrence Tallon

    As I celebrate my first International Clinical Trials Day at the MHRA, I’ve been reflecting on the incredible work underway here to make it faster and easier to run clinical trials in the UK – for the benefit of patients, the NHS, and the wider research community.

    Clinical trials don’t just help us determine whether a medicine is safe and effective, they lead to better care outcomes for participants overall – something I have witnessed in my own family first hand. They also bring with them significant investment in the economy.

    The UK is already a research powerhouse driven by innovation. Last year, we assessed over 5000 trial applications. And, in our first ever analysis of the UK clinical trials landscape with the University of Liverpool, we found that one in eight UK trials were testing treatments in humans for the first time.

    But we want to go further in cementing the UK as one of the best places in the world to conduct trials, for both patients and researchers.

    Last month, we began implementing the most significant update to UK clinical trials regulation in over two decades. These reforms will address the research sector’s need for a more efficient, streamlined and adaptable regulatory framework for clinical trials. And, of course, they will help get cutting-edge new treatments to patients and the NHS as quickly as possible. 

    The changes, which come fully into force from April 2026, are part of a wider drive to support innovation and growth in the life sciences sector. And we’re already seeing the benefits. Following a period of backlog in processing clinical trial applications, the MHRA has been reviewing all applications within statutory timeframes since 2023.

    Our Combined Review service with the Health Research Authority – bringing together ethics and regulatory assessments – now delivers clinical trials decisions in an average of 40 days. That’s 20 days faster than the 60-day timeframe, helping research get underway more quickly.

    We’ve also seen some exciting developments in the use of Artificial Intelligence, which could sped up vital parts of our clinical trial application review from 3 hours to just 35 seconds.  The time this saves allows our clinical trials team to support new initiatives, such as life sciences innovation and upstream advice.  
    Of course, it’s not just about getting trials set up quickly. It’s important that trials in the UK are innovative and inclusive too.

    To support this, we’ve recently launched a pilot Inclusion and Diversity Plan with the Health Research Authority (HRA). Shaped by input from over 300 researchers, it offers practical guidance to help sponsors design more representative studies, so that we can be sure that trials represent the populations they are designed to treat.

    Just today, we’ve launched a consultation on new guidance for using real-world data in trials, specifically through external control arms. This type of anonymised data, collected during routine care, can help address some of the challenges faced in rare disease or cancer research – where large, randomised studies aren’t always possible

    The next year will be an exciting one for UK trials. As the Government pushes forward its Life Sciences vision and 10 Year Health Plan, our reforms could not come at a more important time.
    To all the patients, researchers and healthcare professionals involved in clinical research – thank you. Your contributions continue to shape the future of medicine. At the MHRA, we remain committed to supporting this progress through a regulatory system that is timely, proportionate, and focused on delivering public benefit.

    Clinical trials will always be essential to advancing care. Our role is to make sure they are safe, trusted, and fit for the future.

    Updates to this page

    Published 20 May 2025

    MIL OSI United Kingdom

  • MIL-Evening Report: Health chief ‘conductor of an orchestra who’s never played an instrument’

    ANALYSIS: By Ian Powell

    In February 2025, Dr Diana Sarfati resigned, not unexpectedly, as Director-General of Health after only two years into her five-year term.

    As a medical specialist, and in her role as developing the successful cancer control agency, she had extensive experience in New Zealand’s health system.

    However, she did not conform to the privately expressed view of Prime Minister Christopher Luxon: That the problem with the health system is that it is led by health.

    Responsibility for the appointment of public service chief executives rests with the Public Service Commissioner.

    In carrying out this function, Brian Roche had two choices for the process of selecting Sarfati’s replacement — run a contestable hiring process (the usual method) or appoint someone without this process.

    With the required approval of Attorney-General Judith Collins and Health Minister Simeon Brown, Roche opted for the exception rather than the rule.

    This suggests a degree of pre-determination to appoint someone without the “hindrance” of health system experience, consistent with Luxon’s view.

    An appointment from outside health
    Consequently, on April 1, Audrey Sonerson was appointed the new Director-General of Health for a five-year term.

    She had been the Ministry of Transport chief executive (including when Brown was transport minister). She also had senior positions in the Ministry of Foreign Affairs and Trade and in the Police and Treasury.

    Though she had been part of the Treasury’s health team and has a master’s in health economics, her only health system experience was in the brief hiatus between Sarfati’s resignation when acting director-general and becoming the confirmed replacement.

    ‘For a minister with no experience of the complexity of health care delivery to choose a director-general who herself has no health experience is extremely concerning.’

    — Dr David Galler, former intensive care specialist

    This is unprecedented for the director-general position. Sonerson is the 18th person to hold this position. The first 10 had been medical doctors. In 1992, the first non-doctor holder was appointed (a Canadian with some health management experience).

    The subsequent six appointees all had extensive health system experience. Three were medical doctors (two in population health), two had been district health board chief executives, and one had been the director-general in Scotland and a medical geographer.

    Dr David Galler is well-placed to comment on the significance of this extraordinary change of direction. He is a retired intensive care specialist and former President of the Association of Salaried Medical Specialists.

    He held the unique position of principal medical adviser to the health minister, the ‘eyes and ears’ of the health system for three health ministers in the mid to late 2000s. He also worked closely with two director-generals.

    Drawing on this experience, Galler observes that: “Director-generals of health must be respected, influential, knowledgeable, connected and trusted, to ensure that good policy goes into practice and good practice informs policy . . .  For a minister with no experience of the complexity of health care delivery to choose a director-general who herself has no health experience is extremely concerning.”

    Breadth of the health system
    As the director-general heads up the Health Ministry, she is responsible for being the “steward” of our health system. In this context she is the lead adviser to the government on health. In the context of seeking to improve and protect the health and wellbeing of New Zealanders, the organisation Sonerson now leads is responsible for:

    • the stewardship and leadership of the health system; and
    • advising her minister and government on health and disability matters.

    These responsibilities have to be considered in the context of how extensive the health system is beginning with its complexity, highly specialised range of health professional occupational groups, and its breadth.

    This breadth ranges from community healthcare (predominantly general practices), local 24/7 acute hospitals, tertiary hospitals (lower volume, high complexity) and quaternary care services (national services for very uncommon or highly complex even lower volume procedures and treatments, including experimental medicine, uncommon surgical procedures, and advanced trauma care).

    Another way of looking at this breadth is that it ranges in treatment from medical to surgical to mental health to diagnostic. And then there is population health such as epidemiology.

    Population health and the Health Act
    However, responsibility extends further to specific obligations under the Health Act 1956, many of which are operational. Although it is nearly 60 years old, this act has been updated by legislative amendments many times and as recently as 2022 with the passing of the Pae Ora Act that disestablished district health boards and established Health New Zealand.

    The Health Act gives Sonerson’s health ministry the function of improving, promoting and protecting public health (as distinct from personal diagnostic and treatment health). Public health is legislatively defined as meaning either the health of all New Zealanders or a population group, community, or section of people within New Zealand.

    A critical part of this role is the responsibility for ensuring that local government authorities improve, promote, and protect public health within their districts in appointing key positions (such as medical officers of health, environmental health officers and health protection officers); food and water safety; regular inspections for any nuisances, or any conditions likely to be injurious to health or offensive and, where necessary, secure their abatement or removal; make bylaws for the protection of public health; and provide reports on diseases and sanitary conditions within each district.

    The population function under the Health Act of improving, promoting, and protecting public health means that how well the health ministry under Sonerson’s leadership performs directly affects the health and wellbeing of all New Zealanders.

    This is an immense responsibility that cannot be minimised.

    Understanding universal health systems
    Universal health systems such as ours are characterised by being highly complex, adaptive and labour intensive and innovative (innovation primarily comes from its workforce). They provide a public good (rather than commodities) and their breadth is considerable.

    But, despite appearances to the contrary, the different parts of this breadth don’t function separately from each other. They are not just interconnected; they are interdependent.

    As a result, each part makes up a highly integrated system. Consequently, relationships are critical. The more relational the culture, the better the system will perform; the more contractual the culture, the poorer it will perform.

    Galler’s experience-based above-mentioned observation needs to be seen in the context of the challenging nature of universal health systems.

    In a wider discussion on health system leadership, Auckland surgeon Dr Erica Whineray Kelly got to the core of the issue very well: “You’d never have a conductor of an orchestra who’d never played an instrument.”

    Audrey Sonerson comes into the director-general position with a deficit. It will help her performance if she first recognises that there are many unknowns for her and then proceeds to listen to those within the system who possess the experience of knowing well these unknowns.

    It might go some way to alleviating the legitimate concerns of Galler and Whineray Kelly and many others.

    Ian Powell is a progressive health, labour market and political “no-frills” forensic commentator in New Zealand. A former senior doctors union leader for more than 30 years, he blogs at Second Opinion and Political Bytes. This article was first published by Newsroom and is republished with permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Banking: WTO Chairs Programme activities launched at Dominican Republic university

    Source: WTO

    Headline: WTO Chairs Programme activities launched at Dominican Republic university

    The WTO Chairs Programme (WCP) aims to support and promote trade-related academic activities by universities and research institutions in developing and least-developed WTO member economies. Projects are funded for a period of four years and continue through support from their institutions, members, and other stakeholders that draw on them. The goal of the programme is to build capacity in international trade through research, curriculum development and outreach.
    WTO Deputy Director-General Xiangchen Zhang said the key activities of the Universidad Iberoamericana (UNIBE) for the current year will centre on trade and environment sustainability, and in particular finding solutions that reduce plastics pollution.
    “This focus is certainly timely and relevant, particularly for an island economy like the Dominican Republic, which must grapple with the effects of climate change,” DDG Zhang said. “As you continue to seek growth while facing the challenges confronting your island economy, the Chair at UNIBE will be a valuable resource in providing tailored research and constructive engagement on key trade issues.”
    The WCP is funded by France, Austria and the Republic of Korea. With the addition of this institution, the WCP network has expanded within the Central American region, which was previously under-represented.
    Ambassador Emmanuelle Ivanov-Durand, Permanent Representative of France to the WTO, said: “Your work can help us to meet the challenges of our time, particularly in the field of sustainable development, and thereby make the system even more efficient. The courses you will be setting up on trade and environmental sustainability will undoubtedly contribute to our reflection.”
    Also present at the event was Ambassador José R. Sánchez-Fung, Permanent Representative of the Dominican Republic to the WTO, who recognized this as an important milestone. “The Dominican Republic welcomes the WCP Chair at UNIBE. The Programme will be instrumental in developing our country’s ability to participate in the global trading system and contribute productively to the rest of the WTO’s membership.”
    UNIBE is now part of a global network that facilitates cooperation between governments, universities and multilateral organizations. Vilma Arbaje, Deputy Minister of Foreign Trade at the Dominican Republic’s Ministry of Industry, Commerce and MSMEs, congratulated Odile Camilo, Rector of UNIBE: “The establishment of the WCP Chair at UNIBE consolidates this institution as a regional reference centre in training and research applied to trade and opens up new possibilities for integrating knowledge into the processes of designing and implementing more effective and sustainable public policies for the Ministry of Industry, Trade and MSMEs.
    “This collaboration represents a valuable opportunity to expand our institutional capacities, strengthen ties with the academic world and reinforce the country’s projection in spaces for global dialogue on trade,” she added.
    During the event, a panel comprising representatives of the government and the Association of Industries of the Dominican Republic discussed the importance of the circular economy in the Dominican Republic, offering insights into its future direction. Changing regulations offer a chance for transformation and concrete opportunities for sustainable and competitive development, participants said.
    The industrial sector has already taken steps toward transforming production. Manuel Diaz Franjul, Director of Trade Negotiations for Economic Affairs and International Cooperation, Ministry of Foreign Affairs, said: “As we saw today, trade and the environment and associated policies are a key issue at the international level, and the best way to overcome any differences that arise is through direct engagement.”

    Share

    MIL OSI Global Banks

  • MIL-OSI Banking: NOIA Statement on Lifting of Empire Wind Stop Work Order

    Source: National Ocean Industries Association – NOIA

    Headline: NOIA Statement on Lifting of Empire Wind Stop Work Order

    For Immediate Release: Monday, May 19, 2025NOIA .org
    NOIA Statement on Lifting of Empire Wind Stop Work Order
    Washington, D.C. – National Ocean Industries Association (NOIA) President Erik Milito issued the following statement following the decision to lift the stop work order for the Empire Wind project:
    “We appreciate the Trump administration’s swift review of the Empire Wind project and engagement with state and local governments and other stakeholders. Lifting the stop work order underscores the project’s critical role in safely advancing American energy, shipbuilding, workforce development, and economic growth.
    “The administration is clearing the way for major investments to move forward—activating American shipyards, creating high-quality jobs, and accelerating the buildout of infrastructure needed to deliver reliable, domestic energy to the East Coast. With power demand surging due to AI, data centers, and advanced manufacturing, offshore wind is an important part of an all-of-the-above solution. Companies throughout the supply chain – from Louisiana to Texas to New York – will be able to see the return on their investments.”
    ##
    About NOIAThe National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.

    MIL OSI Global Banks