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Category: Switzerland

  • MIL-OSI United Nations: Led by IAEA, International Team Samples Treated Water under Additional Measures at Fukushima Daiichi Nuclear Power Station

    Source: International Atomic Energy Agency (IAEA)

    The International Atomic Energy Agency (IAEA) led a team of international experts to collect samples today of ALPS treated water stored at Japan’s Fukushima Daiichi Nuclear Power Station (FDNPS) prior to the water’s dilution with seawater and its discharge to the sea.

    The sampling mission is the fourth under the additional measures, which focus on expanding international participation and transparency. These measures permit third parties to independently verify that water discharge which Tokyo Electric Power Company Holdings (TEPCO) – operator of the FDNPS – began in August 2023 continues to be consistent with international safety standards.

    International experts from Belgium, the People’s Republic of China, the Republic of Korea, the Russian Federation and Switzerland, along with IAEA staff, conducted hands-on sampling of the water stored in tanks designated for the 14th batch of ALPS-treated water to be discharged.

    The IAEA initiated the first practical steps of the additional measures in October last year. This fourth mission follows the mission in April which sampled diluted water just prior to its discharge into the sea, and a mission in February when IAEA Director General Grossi presided over the additional measures to  collect seawater samples in the vicinity of FDNPS.

    The samples collected in today’s mission will be analysed by the participating laboratories – the Belgian Nuclear Research Centre, the China Institute of Atomic Energy, the Korean Institute for Nuclear Safety, the Institute for Problems of Environmental Monitoring of the Research and Production Association “Typhoon” in Russia and the Spiez Laboratory in Switzerland – as well as by the IAEA’s laboratory and TEPCO in Japan. All laboratories are members of the IAEA’s Analytical Laboratories for the Measurement of Environmental Radioactivity (ALMERA) network, which are selected for their high level of expertise and analytical proficiency.

    MIL OSI United Nations News –

    June 22, 2025
  • MIL-OSI United Nations: IAEA Director General’s Introductory Statement to the Board of Governors

    Source: International Atomic Energy Agency (IAEA)

    (As prepared for delivery)

    As the armed conflict in Ukraine enters its fourth year, the nuclear safety and security situation throughout the country continues to be highly precarious. The presence of the IAEA at all Ukrainian nuclear facilities has been and continues to be an invaluable asset to the international community and must be preserved.

    The IAEA remains present at Ukraine’s nuclear power plant facilities. Difficult conditions have in the past month complicated and delayed one rotation of experts, which was safely completed in recent days. Back in December, a drone hit and severely damaged an IAEA official vehicle during a rotation. As I reported to you in the special Board meeting shortly afterward, staff survived this unacceptable attack unharmed, but the rear of the vehicle was destroyed. Other episodes followed, confirming the dangerous situation.

    Around Ukraine, the Khmelnitsky NPP, the Rivne NPP and the South Ukraine NPP, continue to operate amid serious challenges, including on the electricity infrastructure, a major risk to the reliable and stable supply of power crucial for the safe operation of NPPs. The electrical grid’s ability to provide a reliable off-site power supply to Ukrainian NPPs was further reduced by damage sustained following military attacks in November and December 2024, a mission of IAEA experts that visited and assessed seven critical electrical substations concluded late last year. Considering the seriousness of the situation, I visited the Kyivska electrical substation last month to observe the damage sustained first hand. On what was my 11th visit to Ukraine since the start of the war, I also met with President Volodymyr Zelenskyy, reiterating the IAEA’s commitment to supporting nuclear safety and security in Ukraine and our readiness to support the country’s plans to expand nuclear power at Khmelnytskyy NPP. Consultations with Moscow have also taken place and will continue, in the interest of nuclear safety and security at Zaporizhzhya Nuclear Power Plant.

    At Ukraine’s Zaporizhzhya Nuclear Power Plant (ZNPP), where the 6 reactor units are in cold shutdown, the status of the off-site power supply remains extremely vulnerable. For about one week ZNPP had to rely on a single off-site power line following the loss of its only remaining back-up line, confirming the extremely fragile situation. 

    Last month at the Chornobyl site a drone caused significant damage to the structure built to prevent any radioactive release from the reactor damaged in the 1986 accident and to protect it from external hazards. Although this attack did not result in any radioactive release, it nevertheless underlines the persistent risk to nuclear safety during this military conflict.

    Since the Board gathered for its last regular meeting in November 2024, the Agency has arranged 31 deliveries of nuclear safety, security and medical equipment and supplies to Ukraine, bringing the total so far to 108 deliveries valued at more than EUR 15.6 million. The Agency also has initiated the first phase of its support on safety and security of radioactive sources in Ukraine.

    We are grateful to all 30 donor states and the European Union for their extrabudgetary contributions, and I encourage those who can, to support the delivery of the comprehensive assistance programme, for which EUR 22 million are necessary.

    As reflected in my latest report to the Board on Nuclear Safety, Security and Safeguards in Ukraine, I would like to reiterate that all the IAEA’s activities in Ukraine are being conducted in line with relevant resolutions of the UN General Assembly and of the IAEA policy-making organs.

    Madame Chairperson,

    In February, I travelled to Fukushima to participate in collecting water samples off the coast of the Fukushima Daiichi Nuclear Power Station. I did this together with scientists from China, Korea and Switzerland as part of additional measures to promote transparency and build trust in the region during the ongoing release of ALPS-treated water from the plant. Additional measures focus on expanding international participation and transparency, allowing hands-on independent measurements of the concentration level of the water. This work is conducted within agreed parameters set by the IAEA in its role as an independent, impartial and technical organization.  IAEA officials and experts from laboratories from China, France, the Republic of Korea, and Switzerland also sampled ALPS -treated water – prior to dilution – from measurement/confirmation tanks on the premises at the site. The IAEA has maintained its independent monitoring and analysis efforts, confirming that tritium concentrations in the discharged batches remain far below operational limits.

    In December 2024, an IAEA Task Force concluded that the approach TEPCO, and the Government of Japan are taking continues to align with international safety standards.

    While in Japan, I also visited facilities where soil removed after the Fukushima Daiichi Nuclear Power Station accident is safely stored, managed, and recycled, an effort the IAEA has been supporting by working to ensure it meets international safety standards.

    You have before you the Nuclear Safety Review 2025 and the Nuclear Security Review 2025. Both documents present, in their respective areas, an analytical overview, the global trends, and the Agency’s main activities in 2024. They also identify the top priorities for the years ahead.

    This month the inaugural meeting of the Nuclear Security Working Group established under the Nuclear Harmonization and Standardization Initiative’s Regulatory Track will identify nuclear security topics of common interest amongst participating States and share regulatory approaches, good practices and lessons learned in ensuring the security of SMRs.

    Our preparatory work in advance of the launch of Atomic Technology Licensed for Applications at Sea (ATLAS) later this year is progressing. ATLAS will provide a framework to enable the peaceful maritime uses of nuclear technology, a prospect that is generating significant interest.

    Contracting Parties to the Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management (Joint Convention) later this month will participate in the 8th Review Meeting to study National Reports with the aim of improving safety in radioactive waste and spent fuel management.

    December saw the start of a new project supporting the establishment of sustainable regulatory infrastructure for radiation safety and the security of radioactive material in Central East Asia and the Pacific Islands.

    In June, Romania will host ConvEx-3, the IAEA’s highest level and most complex emergency exercise. In the event of an incident with transboundary implications, Member States will be called upon to implement a harmonized response and therefore this exercise will have a particular focus on regional collaboration.

    The International Conference on Nuclear and Radiological Emergency Preparedness and Response will be held in December in Riyadh in the Kingdom of Saudi Arabia.

    Madame Chairperson,

    Today, 417 nuclear power reactors operating in 31 countries make up almost 377 gigawatts of installed capacity, providing just under 10 per cent of the world’s total electricity and a quarter of its low-carbon supply.

    It is clear that countries are turning more and more to nuclear energy. In the IAEA’s high case scenario, global nuclear electricity generating capacity is seen increasing two and a half times by 2050.  Delivering on that promise will require public support. That is why the first IAEA International Conference on Stakeholder Engagement for Nuclear Power Programmes will gather governments, industry and practitioners from around the world in the final week of May. Mayors of municipalities with nuclear power facilities from around the world will share their experiences. No one is better placed to assess the impact and contribution to the community of nuclear facilities than those living there.

    Following our first Nuclear Stakeholder Engagement School, hosted by the Abdus Salam International Centre for Theoretical Physics in Trieste, Italy last November, we are now planning two more later this year. In addition, we have also established a new Stakeholder Engagement Advisory Service, which will help countries assess and strengthen their stakeholder engagement programmes.

    The use of Artificial Intelligence (AI) is rapidly evolving and growing in all spheres of life, including in nuclear science and technology. AI data centres require a lot of energy and nuclear reactors provide clean, reliable, and adaptable options, including in the form of SMRs and micro reactors.  Meanwhile, the integration of AI into the nuclear sector offers the chance to streamline operations across the nuclear power project life cycle. In this context the IAEA will host the International Symposium on Artificial Intelligence and Nuclear Energy this December. We look forward to welcoming as many of you as possible to this important and first-of-a-kind event here at the Agency’s headquarters.

    Within the Secretariat we are also intent on making the most of AI while mitigating its risks, therefore we have established official guidelines, a portal and a community of practice.

    Our work on fusion continues apace with the publication of Experiences for Consideration in Fusion Plant Design Safety and Safety Assessment.

    Madame Chairperson,

    The Nuclear Technology Review before you highlights key advancements in nuclear applications that support Member States in addressing critical priorities. This year’s review places particular emphasis on innovations in food safety and authenticity, energy security, early disease detection and cancer treatment, environmental sustainability, and advanced manufacturing.

    In November, the IAEA hosted the Ministerial Conference on Nuclear Science, Technology and Applications and the Technical Cooperation Programme. The Ministerial Declaration recognized both the critical role of nuclear science, technology, and applications in tackling global challenges, and the important role of the Technical Cooperation programme as a key mechanism in transferring, expanding and further accelerating Member State access to nuclear technology, materials, equipment and expertise for peaceful purposes.

    I am pleased to report the IAEA’s technical cooperation programme achieved an implementation rate of 86% in 2024. We provided our emergency assistance to Türkiye and Syria, assessing damage to civil structures following the earthquakes and building the capacities of Turkish and Syrian experts in non-destructive testing. We initiated procurement to reinstate X-ray and laboratory services in Grenada and Honduras in the aftermath of Hurricane Beryl and Tropical Storm Sara, and we aided oil-spill clean-up efforts in Trinidad and Tobago.

    In 2024, the Rate of Attainment for contributions to the TC Fund was 95%, underscoring Member States’ commitment to our work. To ensure resources for the TC programme are sufficient, assured and predicable, I urge Member States to contribute on time, and in full, to the TC Fund.

    Our flagship initiatives are making progress across the globe. Under Atoms4Food, about 27 countries from all regions have officially requested support. Member States have pledged almost EUR 9 million, two thirds of which was contributed by Japan to support livestock production in Côte d’Ivoire, food safety in Mauritania, and molecular laboratories in Vietnam, among other projects.

    Our network of international partnerships has grown with Memoranda of Understanding having been signed with Anglo American, CGIAR, and the Inter-American Institute of Cooperation in Agriculture (IICA). The partnership with Anglo American focuses on combating soil salinization through climate-smart agricultural practices.

    While I was in Japan last month, I signed a partnership with Sumitomo Corporation, one of the world’s largest integrated trading companies, to cooperate particularly in the area of sustainable uses of nuclear related technologies for multiple areas, including healthcare, shipping, fusion and capacity building efforts.  

    Under Rays of Hope, the Anchor Centre in Argentina held its first capacity-building event to strengthen paediatric radiotherapy services in Latin America and the Caribbean, creating a regional network for knowledge exchange and support.

    In January 2025, the IAEA conducted its first national-level quality assurance audit in diagnostic radiology, reviewing 16 hospitals in Qatar.

    The International Conference on Advances in Radiation Oncology (ICARO-4) will take place in the first week of June, focusing on emerging radiotherapy techniques to address global health challenges.

    Under the Zoonotic Disease Integrated Action (ZODIAC), a novel surveillance technology for high-risk pathogens was transferred to the IAEA’s Animal Production and Health Laboratory in November and will soon be passed on to Member States. New funding pledges from the Republic of Korea, Portugal, and Japan are supporting ZODIAC’s coordinated research projects in Asia and Africa, as well as the development of AI-driven platforms for zoonotic disease monitoring.

    Under NUTEC Plastics 104 Member States are engaged in microplastic monitoring, with 42 developing recycling technologies. Four countries in Asia-Pacific and Latin America have validated radiation-based upcycling technology at lab scale, with private sector collaboration helping to build up operations. China is developing a pilot-scale facility, bringing the total number of countries promoting the technology to nine.

    In November this year, the International High-Level Forum on NUclear TEChnology for Controlling Plastic Pollution (NUTEC-Plastics): Scaling Solutions and Partnerships for Global Impact will take place in the Philippines. I thank the Philippines Government for hosting this important milestone.

    The Global Water Analysis Laboratory Network (GloWAL) baseline survey has received 85 responses from 65 countries, informing future activities. Its first coordination meeting for the Spanish-speaking Latin America and the Caribbean is underway.

    Under ReNuAL 2, the construction of new greenhouses in Seibersdorf is nearing completion and the modernized laboratories will be ready to welcome staff soon.  

    Madame Chairperson,

    Regarding the issue of Iran’s nuclear programme, you have before you my latest report on verification and monitoring in the Islamic Republic of Iran in light of United Nations Security Council Resolution 2231 (2015).

    Following my last report, Iran’s stockpile of uranium enriched up to 60% U‑235 has increased to 275 kg, up from 182 kg in the past quarter. Iran is the only non-nuclear weapon State enriching to this level, causing me serious concern.

    It has been four years since Iran stopped implementing its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA), including provisionally applying its Additional Protocol and therefore it is also four years since the Agency was able to conduct complementary access in Iran.

    You also have before you my report on the NPT Safeguards Agreement with the Islamic Republic of Iran. Iran says it has declared all nuclear material, activities and locations required under its NPT Safeguards Agreement. However, this statement is inconsistent with the Agency’s findings of uranium particles of anthropogenic origin at undeclared locations in Iran. The Agency needs to know the current location(s) of the nuclear material and/or of contaminated equipment involved.

    There is also a discrepancy in the material balance of uranium involved in uranium metal production experiments conducted at Jaber Ibn Hayan Mutlipurpose Laboratory, for which Iran has not accounted.

    Having stated it had suspended such implementation, Iran still is not implementing modified Code 3.1, which is a legal obligation for Iran.

    I am seriously concerned that the outstanding safeguards issues remain unresolved. They stem from Iran’s obligations under its Comprehensive Safeguards Agreement and need to be resolved for the Agency to be in a position to provide assurance that Iran’s nuclear programme is exclusively peaceful.

    I deeply regret that Iran, despite having indicated a willingness to consider accepting the designation of four additional experienced Agency inspectors, did not accept their designation.

    There has been no significant progress towards implementing the Joint Statement of 4 March 2023. I call upon Iran urgently to implement the Joint Statement through serious engagement.

    In response to the Board’s request in its resolution of November 2024, I will produce a comprehensive and updated assessment on the presence and use of undeclared nuclear material in connection with past and present outstanding issues regarding Iran’s nuclear programme.

    High-level engagement is indispensable to making real progress. My visit to Tehran last November, and meetings with President Masoud Pezeshkian and Foreign Minister Abbas Araghchi indicate that there may be room for constructive compromises. I hope to see them again soon and pursue effective dialogue and tangible results.

    The Board has before it for approval a draft Additional Protocol for Saint Vincent and the Grenadines.

    I have made it a priority to strengthen the legal framework for safeguards. Since the last Board meeting in November, Oman, Mongolia, Cyprus, Saint Vincent and the Grenadines and Zambia have amended their original Small Quantities Protocols and Saudi Arabia has rescinded its original SQP. The number of States with safeguards agreements in force remains 191, and 143 of these States have additional protocols in force. I call upon the remaining three States Parties to the Treaty on the Non-Proliferation of Nuclear Weapons without comprehensive safeguards agreements to bring such agreements into force without delay. I also encourage States that have not yet concluded additional protocols to do so as soon as possible, and I reiterate my repeated calls for the remaining 14 States with SQPs based on the original standard text to amend or rescind them as soon as possible. Let me assure you that I will continue to use my good offices to strengthen the indispensable legal framework on which the continued peaceful uses of nuclear science and technology rest.

    The IAEA continues to monitor the Democratic People’s Republic of Korea’s nuclear programme.

    The Agency has observed that the 5MW(e) reactor at Yongbyon resumed operation in mid-October 2024, following a shutdown period of approximately 60 days. This shutdown is assessed to be of sufficient length to refuel the reactor and start its seventh operational cycle. Strong indicators of preparations for a new reprocessing campaign, including the operation of the steam plant serving the Radiochemical Laboratory, have been observed.

    In late-January 2025, the DPRK released photographs of General Secretary Kim Jong Un visiting “the nuclear material production base and the Nuclear Weapons Institute”. The depicted centrifuge cascades and infrastructure are consistent with the layout of a centrifuge enrichment facility and with the structure of the Yongbyon Uranium Enrichment Plant. This development follows the DPRK’s publication in September 2024 of photographs of an undeclared enrichment facility at the Kangson Complex. The undeclared enrichment facilities at both Kangson and Yongbyon, combined with General Secretary Kim’s call for “overfulfilling the plan for producing weapons-grade nuclear materials,” are of serious concern. There are indications that the uranium enrichment plants at Kangson and Yongbyon continue to operate, and there are indications that the light water reactor (LWR) at Yongbyon continues to operate. Additions to the support infrastructure have been observed adjacent to the LWR.

    There were no indications of significant changes at the Nuclear Test Site at Punggye-ri, which remains prepared to support a nuclear test.

    The continuation and further development of the DPRK’s nuclear programme are clear violations of relevant UN Security Council resolutions and are deeply regrettable. I call upon the DPRK to comply fully with its obligations under relevant UN Security Council resolutions, to cooperate promptly with the Agency in the full and effective implementation of its NPT Safeguards Agreement and to resolve all outstanding issues, especially those that have arisen during the absence of Agency inspectors from the country. The Agency continues to maintain its enhanced readiness to play its essential role in verifying the DPRK’s nuclear programme.

    Concerning the safety of the LWR, we lack the necessary information to make an assessment. Safety should always be a paramount consideration when operating a reactor. Nuclear safety is a sovereign responsibility of the State and the IAEA supports the States in this area.

    Following the change of Government in the Syrian Arab Republic towards the end of 2024, I have written to the new Minister of Foreign Affairs and Expatriates. I requested cooperation with the Agency to enable us to fulfill our obligation to verify nuclear material and facilities under Syria’s safeguards agreement. I conveyed the importance of continuing and reinforcing cooperation between Syria and the Agency to address unresolved issues. Clarifying these issues remains essential to Syria demonstrating its commitment to nuclear non-proliferation and international peace and security.

    I hope to be able to engage with the new government soon. Bringing total clarity to the situation regarding past activities in this field in Syria is indispensable to the realization of current efforts to modernize the country and put it on a firm path to peace and development.

    In April and May, the IAEA will participate in the Third Preparatory Meeting for the 2026 Review Conference of the Nuclear Non-Proliferation Treaty (NPT) in New York.

    Madame Chairperson,

    The IAEA’s Marie Sklodowska‑Curie Fellowship Programme has been expanding the talent base for the nuclear field since 2020 with 760 female students and graduates from 121 Member States so far having been supported in studying in 72 countries. In the current, fifth cycle, we selected 200 candidates from 109 countries. I would like to thank Member States that have contributed so far. For this programme to continue accepting new fellowship candidates it urgently needs further support. I ask those who can, to support this endeavor. 

    This year, we have planned three Lise Meitner Programme cohorts, in Argentina, Canada and Japan. They are focused on nuclear power, advanced nuclear technologies and research reactors.

    I am happy to report that we have reached parity, women now make up half the staff in the professional and higher categories. This is up from about 30% when I took office in 2019.

    I thank Member States who have paid their regular budget contributions, including some who paid in advance. It is important that all Member States pay their contributions in a timely manner. This will ensure liquidity of the regular budget throughout the year, allowing the Agency to carry out its activities effectively.

    You recently received for your consideration my proposed programme and budget for the 2026-2027 biennium.

    It has been prepared with due consideration of the constraints of the prevailing financial environment. Despite increasing demands and higher operational costs, I have decided for the third time in a row to propose a zero real growth budget. The proposal maintains balance among the different programmes and emphasises my commitment to ensuring our resources are managed with discipline, efficiency and restraint so that we maximize the impact of the Agency’s work.

    This being our first Board meeting of 2025, I want to conclude by saying that I look forward to making 2025 a successful year in which the IAEA benefits all Member States as we advance our common goals of peace and development.

    MIL OSI United Nations News –

    June 22, 2025
  • MIL-OSI Russia: Foreign Ministers of Iran, Britain, France and Germany Conclude Meeting in Geneva

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    GENEVA, June 20 (Xinhua) — Foreign ministers of Iran, Britain, France and Germany concluded a meeting in Geneva, Switzerland at 7 p.m. local time on Friday, after a meeting that lasted about three hours.

    The meeting marked the first direct consultations between Iran and senior Western officials since the outbreak of the military conflict between Israel and Iran. –0–

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI USA: Warren Demands Answers on Trump’s Potential Contract with Shadowy Humanitarian Group, Urges More Aid to Gaza Through Responsible Partners

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    June 20, 2025

    Letter follows reports that Secretary of State Marco Rubio is considering giving GHF $500 million despite concerns about its funding sources, neutrality, basic competence in providing aid, and more

    “It is critical that the United States stop the humanitarian disaster in Gaza. But that must be done through funding professional humanitarian organizations.”

    Text of Letter (PDF)

    Washington, D.C. — In a new letter to the Secretary of State and the United States Agency for International Aid (USAID), U.S. Senator Elizabeth Warren (D-Mass.) raised her concerns about the Department of State’s reported plan to give $500 million to the Gaza Humanitarian Foundation (GHF). 

    “Reports of deadly violence against starving Palestinians connected with the GHF’s aid network are deeply troubling, as are reports of the organization’s ties to the Israeli government, and the lack of financial transparency regarding its donors, and its new connections – via its executive director – to the Trump administration and campaign,” said Senator Warren. 

    In May 2025, the World Health Organization and its partners determined that “Nineteen months into the conflict, the Gaza Strip is still confronted with a critical risk of Famine,” with over 2 million people facing high levels of acute food insecurity. This includes 71,000 cases of acute malnutrition among children and 17,000 pregnant women who will “need treatment for acute malnutrition.”

    Before the blockade in March 2025, food aid was distributed in Gaza at 400 locations through experienced humanitarian organizations, many of whom worked in the region for decades. After the blockade was partially lifted in May, the Israeli government only allowed aid to resume under a distribution network managed by the newly-created GHF. 

    From the beginning, GHF limited distribution of aid to four hubs in southern Gaza, under the watch of private security contractors. Additionally, it agreed to let the Israel Defense Forces (IDF) to take position up to 1000 feet of GHF distribution sites, where it attacks Gazans who step out of the zone designated for waiting for aid collection. In its first three weeks of operation, more than 200 people seeking aid were killed and thousands wounded near GHF distribution sites. 

    Senator Warren also raised concerns about the GHF’s funding and ownership. Humanitarian groups typically report clear expenditure reports and disclosure requirements surrounding all aid distribution. GHF has, to date, refused to disclose its funding sources or its total budget. Israeli media recently reported that around $200 million was quietly reapportioned from the Israeli government’s budget towards the aid effort in Gaza and another $100 million came from an anonymous “Western European nation”.

    “This raises questions around the lack of impartiality, and neutrality, of GHF’s operations in Gaza,” said Senator Warren. 

    GHF’s leadership has also been marked by turmoil. The founder and first executive director of the GHF, Jake Wood, quit hours before the organization was supposed to start distributing aid on May 26th, claiming “it is not possible to implement this plan while also strictly adhering to the humanitarian principles of humanity, neutrality, impartiality, and independence.” He was replaced by Reverend Johnnie Moore, who served as co-chair for President Trump’s presidential campaign’s evangelical advisory board. 

    Just three months after the launch of the organization, the GHF’s Swiss affiliate was shut down by Switzerland’s government for “not fulfilling various legal obligations.” 

    “It is critical that the United States stop the humanitarian disaster in Gaza. But that must be done through funding professional humanitarian organizations,” wrote Senator Warren. 

    “The questions surrounding GHF – its funding sources and connection to the Trump Administration, its use of private contractors, its ability to serve and be seen as a neutral entity, its abandonment by its founders, and its basic competence in providing aid – must be answered before the State Department commits any funding to the organization,” concluded Senator Warren. 

    Senator Warren asked the State Department and USAID to provide clarity on its potential plans to use GHF, how the agencies plan to measure success for the distribution of aid, and their plans to ensure contractors follow U.S. law when distributing aid by July 2, 2025. 

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI USA: NASA History News and Notes – Summer 2025

    Source: NASA

    In the summer 2025 issue of the NASA History Office’s News & Notes newsletter, examples of leadership and critical decision-making in NASA’s history form the unifying theme. Among the topics discussed are NASA’s Shuttle-Centaur program, assessing donations to the NASA Archives, how the discovery of the first exoplanet orbiting a sun-like star catalyzed NASA’s exoplanet program, and Chief of the Medical Operations Office Charles A. Berry’s decisions surrounding crew health when planning the Project Gemini missions.

    Volume 42, Number 2Summer 2025

    From the Chief Historian
    By Brian Odom
    NASA’s is a history marked by critical decisions. From George Mueller’s 1963 decision for “all up” testing of the Saturn V rocket to Michael Griffin’s 2006 decision to launch a final servicing mission to the Hubble Space Telescope, the agency has continually met key inflection points with bold decisions. These choices, such as the decision to send a crewed Apollo 8 mission around the Moon in December 1968, stand at the center of the agency’s national legacy and promote confidence in times of crisis.  Continue Reading
    Shuttle-Centaur: Loss of Launch Vehicle Redundancy Leads to Discord
    By Robert Arrighi
    “Although the Shuttle/Centaur decision was very difficult to make, it is the proper thing to do, and this is the time to do it.” With those words on June 19, 1986, NASA Administrator James Fletcher canceled the intensive effort to integrate the Centaur upper stage with the Space Shuttle to launch the Galileo and Ulysses spacecraft. The decision, which was tied to increased safety measures following the loss of Challenger several months earlier, brought to the forefront the 1970s decision to launch all U.S. payloads with the Space Shuttle. Continue Reading

    A View into NASA’s Response to the Apollo 1 Tragedy
    By Kate Mankowski
    On January 27, 1967, Mission AS-204 (later known as Apollo 1) was conducting a simulated countdown when a fire suddenly broke out in the spacecraft, claiming the lives of astronauts Virgil I. “Gus” Grissom, Edward H. White, and Roger B. Chaffee. The disaster highlighted the risks that come with spaceflight and the work that still needed to be accomplished to meet President Kennedy’s challenge of going to the Moon before the end of the decade. With the complexity of the Apollo spacecraft, discerning the cause of the fire proved to be incredibly difficult. Continue Reading
    The Fight to Fund AgRISTARS
    By Brad Massey
    Robert MacDonald, the manager of NASA’s Large Area Crop Inventory Experiment (LACIE), was not pleased in January 1978 after he read a draft copy of the U.S. General Accounting Office’s (GAO’s) “Crop Forecasting by Satellite: Progress and Problems” report. The draft’s authors argued that LACIE had not achieved its goals of accurately predicting harvest yields in the mid-1970s. Therefore, congressional leaders should “be aware of the disappointing performance of LACIE to date when considering the future direction of NASA’s Landsat program and the plans of the Department of Agriculture.” Continue Reading
    The Hubble Space Telescope: The Right Project at the Right Time
    By Jillian Rael
    This year, NASA commemorates 35 years of the Hubble Space Telescope’s study of the cosmos. From observations of never-before-seen phenomena within our solar system, to the discovery of distant galaxies, the confirmation of the existence of supermassive black holes, and precision measurements of the universe’s expansion, Hubble has made incredible contributions to science, technology, and even art. Yet, for all its contemporary popularity, the Hubble program initially struggled for congressional approval and consequential funding. For its part, NASA found new ways to compromise and cut costs, while Congress evaluated national priorities and NASA’s other space exploration endeavors against the long-range value of Hubble. Continue Reading

    Appraisal: The Science and Art of Assessing Donations to the NASA Archives
    By Alan Arellano
    The major functions of an archivist center include appraising, arranging, describing, preserving, and providing access to historical records and documents. While together these are pillars of archival science, they are more of an art than a science in their application, fundamentally necessitating skilled decision making. Throughout the NASA archives, staff members make these decisions day in and day out. Continue Reading
    Orbit Shift: How 50 Pegasi b Helped Pull NASA Toward the Stars in the 1990s
    By Lois Rosson
    On October 20, 1995, the New York Times reported the detection of a distant planet orbiting a Sun-like star. The star, catalogued as 51 Pegasi by John Flamsteed in the 18th century, was visible to the naked eye as part of the constellation Pegasus—and had wobbled on its axis just enough that two Swiss astronomers were able to deduce the presence of another object exerting its gravitational pull on the star’s rotation. The discovery was soon confirmed by other astronomers, and 51 Pegasi b was heralded as the first confirmed exoplanet orbiting a star similar to our own Sun. Continue Reading

    Four, Eight, Fourteen Days: Charles A. Berry, Gemini, and the Critical Steps to Living and Working in Space
    By Jennifer Ross-Nazzal
    In 1963, critical decisions had to be made about NASA’s upcoming Gemini missions if the nation were to achieve President John F. Kennedy’s lunar goals. Known as the bridge to Apollo, Project Gemini was critical to landing a man on the Moon by the end of the decade and returning him safely to Earth. The project would demonstrate that astronauts could rendezvous and dock their spacecraft to another space vehicle and give flight crews the opportunity to test the planned extravehicular capabilities in preparation for walking on the lunar surface on future Apollo flights. Perhaps most importantly, Gemini had to show that humans could live and work in space for long periods of time, a fiercely debated topic within and outside of the agency.  Continue Reading

    Imagining Space: The Life and Art of Robert McCall
    By Sandra Johnson
    As we walked into Bob McCall’s Arizona home, it quickly became obvious that two talented and creative people lived there. Tasked with interviewing one of the first artists to be invited to join the NASA Art Program, our oral history team quickly realized the session with McCall would include a unique perspective on NASA’s history. We traveled to Arizona in the spring of 2000 to capture interviews with some of the pioneers of spaceflight and had already talked to an eclectic group of subjects in their homes, including a flight controller for both Gemini and Apollo, an astronaut who had flown on both Skylab and Space Shuttle missions, a former NASA center director, and two former Women’s Airforce Service Pilots (WASPs) who ferried airplanes during WWII. However, unlike most interviews, the setting itself provided a rare glimpse into the man and his inspiration.  Continue Reading
    Inside the Archives: Biomedical Branch Files
    By Alejandra Lopez
    The Biomedical Branch Files (1966–2008) in the Johnson Space Center archives showcase the inner workings of a NASA office established to perform testing to provide a better understanding of the impacts of spaceflight on the human body. Ranging from memos and notes to documents and reports, this collection is an invaluable resource on the biomedical research done with NASA’s Apollo, Skylab, Space Shuttle, and Space Station projects. Files in the collection cover work done by groups within the branch such as the Toxicology, Microbiology, Clinical, and Biochemistry Laboratories. It also reveals the branch’s evolution and changes in its decision-making process over the years. Continue Reading

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI United Nations: Note to Correspondents: Switzerland

    Source: United Nations secretary general

    Earlier this morning, the Swiss Government announced a generous financial package of support to the United Nations presence in Geneva.

    The Secretary-General is very much appreciative of the Swiss Federal Council for this decision.  The United Nations is determined to continue working in partnership with Switzerland to advance the cause of multilateralism.  Our presence in Geneva remains an integral part of the UN system.  The Swiss support is crucial for this continued endeavour.
     

    MIL OSI United Nations News –

    June 21, 2025
  • MIL-OSI Europe: Come on in, the water’s safe!

    Source: European Union 2

    Press releasePublished 20 Jun 2025

    Imagephoty by Karli Cumber on Unsplash

    From Europe’s coastal waters to its inland bathing sites, a large majority of Europe’s waters are safe to swim in, according to the latest European bathing water assessment for the 2024 bathing season, published today. It found that over 85% of monitored locations met the European Union’s most stringent ‘excellent’ bathing water quality standards last year, while 96% of all officially identified bathing waters in the EU met the minimum quality standards.

    The assessment and the interactive map, put together by the European Environment Agency (EEA) in cooperation with the European Commission, highlight where swimmers can find well managed bathing sites in Europe. The assessment inspects water suitability for bathing, focusing on monitoring bacteria which can cause potentially serious illnesses.

    Overall, over 22,000 bathing water sites across all 27 EU Member States, plus Albania and Switzerland were assessed. In five countries — Cyprus, Bulgaria, Greece, Austria and Croatia — 95% or more of bathing waters were of excellent quality. Only 1.5% of the EU’s bathing waters were found to be of poor quality.

    The quality of coastal bathing waters is generally better than that of rivers and lakes. In 2024, around 89% of coastal bathing waters in the EU were classified as excellent, compared with 78% of inland bathing waters.

    Enjoying time at the beach or swimming in lakes and rivers is for many a symbol of holidays and relaxation, as we look forward to the approaching summer. The results published today show that Europeans can confidently bathe in the vast majority of the EU’s bathing sites that meet the EU’s bathing quality standards. I am committed to continuing to work to ensure high quality water for people and the environment, as part of our EU Water Resilience Strategy.

    Jessika Roswall,
    Commissioner for Environment,
    Water Resilience and a Competitive Circular Economy

    We can all be glad that a vast majority of our bathing waters are clean enough to swim in. This is thanks to systematic work under EU rules which has steadily improved the health of our waters. It shows that monitoring and coordination at the European level benefits every one of us. Of course, there is more to do to improve the cleanliness of our waters and their resilience to withstand new challenges posed by climate change and over-use.

    Leena Ylä-Mononen,
    EEA Executive Director

    Steady improvements over recent decades

    Bathing water quality in Europe has improved markedly over recent decades largely thanks to EU legislation. The combined effect of systematic bacteriological monitoring pursuant to the EU’s Bathing Water Directive and large investments in urban wastewater treatment plants led to a drastic reduction in pathogens that were previously being released. Thanks to these continued efforts, bathing is now also possible in many urban areas.

    While most of Europe’s bathing waters are in excellent condition from a bacteriological perspective, chemical pollution of surface and groundwaters remains significant and may be exacerbated by the changing climate. Improving water resilience for people and for the environment is therefore crucial.

    Other challenges to water quality like toxic cyanobacterial blooms, which are not part of monitoring prescribed by EU bathing water rules, frequently result in bathing warnings and restrictions.  

    Background

    Overall water quality is monitored and assessed under the EU’s Water Framework Directive and covers a broad spectrum of chemical pollutants in surface and groundwater. Chemical pollutants are not covered by bathing water monitoring even when they exceed legal thresholds that are in place to prevent environmental damage.  

    The assessment for today’s briefing is based on the monitoring of bathing sites across Europe that were reported to the EEA for the 2024 season. This includes sites in all EU Member States, Albania and Switzerland.

    Alongside this year’s Bathing Water Briefing, the EEA has also released an updated interactive map showing the performance of each bathing site. Updated country fact sheets are also available, as well as more information on the implementation of the Directive in assessed countries.

    For more information

    Our latest press releases

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    MIL OSI Europe News –

    June 21, 2025
  • MIL-OSI Europe: Come on in, the water’s safe!

    Source: European Union 2

    Press releasePublished 20 Jun 2025

    Imagephoty by Karli Cumber on Unsplash

    From Europe’s coastal waters to its inland bathing sites, a large majority of Europe’s waters are safe to swim in, according to the latest European bathing water assessment for the 2024 bathing season, published today. It found that over 85% of monitored locations met the European Union’s most stringent ‘excellent’ bathing water quality standards last year, while 96% of all officially identified bathing waters in the EU met the minimum quality standards.

    The assessment and the interactive map, put together by the European Environment Agency (EEA) in cooperation with the European Commission, highlight where swimmers can find well managed bathing sites in Europe. The assessment inspects water suitability for bathing, focusing on monitoring bacteria which can cause potentially serious illnesses.

    Overall, over 22,000 bathing water sites across all 27 EU Member States, plus Albania and Switzerland were assessed. In five countries — Cyprus, Bulgaria, Greece, Austria and Croatia — 95% or more of bathing waters were of excellent quality. Only 1.5% of the EU’s bathing waters were found to be of poor quality.

    The quality of coastal bathing waters is generally better than that of rivers and lakes. In 2024, around 89% of coastal bathing waters in the EU were classified as excellent, compared with 78% of inland bathing waters.

    Enjoying time at the beach or swimming in lakes and rivers is for many a symbol of holidays and relaxation, as we look forward to the approaching summer. The results published today show that Europeans can confidently bathe in the vast majority of the EU’s bathing sites that meet the EU’s bathing quality standards. I am committed to continuing to work to ensure high quality water for people and the environment, as part of our EU Water Resilience Strategy.

    Jessika Roswall,
    Commissioner for Environment,
    Water Resilience and a Competitive Circular Economy

    We can all be glad that a vast majority of our bathing waters are clean enough to swim in. This is thanks to systematic work under EU rules which has steadily improved the health of our waters. It shows that monitoring and coordination at the European level benefits every one of us. Of course, there is more to do to improve the cleanliness of our waters and their resilience to withstand new challenges posed by climate change and over-use.

    Leena Ylä-Mononen,
    EEA Executive Director

    Steady improvements over recent decades

    Bathing water quality in Europe has improved markedly over recent decades largely thanks to EU legislation. The combined effect of systematic bacteriological monitoring pursuant to the EU’s Bathing Water Directive and large investments in urban wastewater treatment plants led to a drastic reduction in pathogens that were previously being released. Thanks to these continued efforts, bathing is now also possible in many urban areas.

    While most of Europe’s bathing waters are in excellent condition from a bacteriological perspective, chemical pollution of surface and groundwaters remains significant and may be exacerbated by the changing climate. Improving water resilience for people and for the environment is therefore crucial.

    Other challenges to water quality like toxic cyanobacterial blooms, which are not part of monitoring prescribed by EU bathing water rules, frequently result in bathing warnings and restrictions.  

    Background

    Overall water quality is monitored and assessed under the EU’s Water Framework Directive and covers a broad spectrum of chemical pollutants in surface and groundwater. Chemical pollutants are not covered by bathing water monitoring even when they exceed legal thresholds that are in place to prevent environmental damage.  

    The assessment for today’s briefing is based on the monitoring of bathing sites across Europe that were reported to the EEA for the 2024 season. This includes sites in all EU Member States, Albania and Switzerland.

    Alongside this year’s Bathing Water Briefing, the EEA has also released an updated interactive map showing the performance of each bathing site. Updated country fact sheets are also available, as well as more information on the implementation of the Directive in assessed countries.

    For more information

    Our latest press releases

    Loading

    MIL OSI Europe News –

    June 21, 2025
  • Iran says no nuclear talks under Israeli fire, Trump considers options

    Source: Government of India

    Source: Government of India (4)

    Iran said on Friday it would not discuss the future of its nuclear programme while under attack by Israel, as Europe tried to coax Tehran back into negotiations and the United States considers whether to get involved in the conflict.

    A week after it began attacking Iran, Israel’s military said it had carried out new strikes on dozens of military targets overnight, including missile production sites and a research organisation involved in nuclear weapons development in Tehran.

    Iran launched at least one new barrage of missiles early on Friday, striking near residential apartments, office buildings and industrial facilities in the southern city of Beersheba.

    The White House said on Thursday that President Donald Trump would decide on “whether or not to go” with U.S. involvement in the conflict in the next two weeks, citing the possibility of negotiations involving Iran in the near future.

    Iranian Foreign Minister Abbas Araqchi said on Friday there was no room for negotiations with Israel’s superpower ally the United States “until Israeli aggression stops”.

    But he was due to meet European foreign ministers in Geneva later on Friday for talks at which Europe hopes to establish a path back to diplomacy over Iran’s nuclear programme.

    Two diplomats said before the meeting involving France, Britain, Germany and the European Union’s foreign policy chief that Araqchi would be told the U.S. is still open to direct talks. Expectations for a breakthrough are low, diplomats say.

    Israel began attacking Iran last Friday, saying its longtime enemy was on the verge of developing nuclear weapons. Iran, which says its nuclear programme is only for peaceful purposes, retaliated with missile and drone strikes on Israel.

    Israel is widely assumed to possess nuclear weapons. It neither confirms nor denies this.

    Israeli air attacks have killed 639 people in Iran, according to the Human Rights Activists News Agency, a U.S.-based human rights organisation that tracks Iran. The dead include the military’s top echelon and nuclear scientists.

    Israel has said at least two dozen Israeli civilians have been killed in Iranian missile attacks.

    Reuters could not independently verify the death toll from either side. Details of casualties in the latest strikes were not immediately known.

    CIVILIANS KILLED

    Both sides say they are attacking military and defence-related targets, but civilians have also been caught in the crossfire and each has accused the other of hitting hospitals.

    An Iranian news website said a drone had struck an apartment in a residential building in central Tehran on Friday, but did not give details.

    Israel’s strikes on Iran’s nuclear installations so far pose only limited risks of contamination, experts say. But they warn that any attack on the nuclear power station at Bushehr could cause a nuclear disaster.

    Israel says it is determined to destroy Iran’s nuclear capabilities but that it wants to avoid any nuclear disaster in a region that is inhabited by tens of millions of people and produces much of the world’s oil.

    The meeting in Geneva was due to start on Friday afternoon. The Swiss city is where an initial accord was struck in 2013 to curb Iran’s nuclear programme in return for sanctions being lifted. A comprehensive deal followed in 2015.

    Trump pulled the U.S. out of the agreement in 2018. A new series of talks between Iran and the U.S. collapsed when Israel launched what it called Operation Rising Lion against Iran’s nuclear facilities and ballistic capabilities on June 12.

    Trump has alternated between threatening Tehran and urging it to resume nuclear talks. His special envoy to the region, Steve Witkoff, has spoken to Araqchi several times since last week, sources say.

    The Middle East has been on edge since the Palestinian militant group Hamas attacked it in October of 2023, triggering the Gaza war, and Israel has been fighting on several fronts against Iran’s regional allies.

    Israeli Foreign Minister Israel Katz warned on Friday of further action against Iranian ally Hezbollah, a day after the Lebanese militant group suggested it would come to Iran’s aid.

    Western and regional officials say Israel is trying to shatter the government of Supreme Leader Ayatollah Ali Khamenei.

    Prime Minister Benjamin Netanyahu said on Thursday “the downfall of the regime … may be a result, but it’s up to the Iranian people to rise for their freedom.”

    Iranian opposition groups think their time may be near, but activists involved in previous protests say they are unwilling to unleash mass unrest with their nation under attack, and Iranian authorities have cracked down hard on dissent.

    “How are people supposed to pour into the streets? In such horrifying circumstances, people are solely focused on saving themselves, their families, their compatriots, and even their pets,” said Atena Daemi, a prominent activist who spent six years in prison before leaving Iran.

    (Reuters)

    June 20, 2025
  • MIL-OSI NGOs: 8 out of 10 Indian support taxing oil and gas corporations to pay for climate damages, global survey finds 

    Source: Greenpeace Statement –

    New Delhi, 19 June 2025 – A global survey shows a strong support for holding fossil fuel companies accountable for environmental damage. 80% Indian respondents believe the fossil fuel corporations should be taxed for environmental damage they cause.  The data from the survey reflects a growing public consensus that the industries driving the climate crisis should be held financially accountable for the destruction they caused. 

    A remarkable 86% of people support government spending on climate disaster relief–provided it is funded by tax on coal, oil, and gas polluters. Notably, 89% of BJP supporters and 82% of Congress (INC) supporters agree on the need to increase taxes on oil and gas corporations to support those hit hardest by extreme weather events, highlighting rare cross-party unity on climate accountability.   

    The study, jointly commissioned by Greenpeace International and Oxfam International, was launched today at the UN Climate Meetings in Bonn (SB62), where government representatives are discussing climate policies, including ways to mobilise at least US$ 1.3 trillion annually in climate finance for Global South countries by 2035. The survey was conducted across 13 countries, including most G7 countries. 

    Selomi Garnaik, Climate and Energy Campaigner at Greenpeace India said: “Communities in developing countries are paying the price for a crisis they did not cause, while fossil fuel companies continue to profit. The science is clear—over a century of burning coal, oil, and gas has fueled the climate damage we face today. This new survey reveals strong public support for making polluters pay. As we head into COP30, governments have a clear public mandate to act- stand with the people, not the polluters, and make fossil fuel companies pay for the harm they have caused.”

    The study, run by Dynata, was unveiled alongside the Polluters Pay Pact, a global alliance of communities on the frontlines of climate disasters. The Pact demands that governments make oil, gas and coal corporations – not the people – pay their fair share for the damages they cause, through the introduction of new taxes and fines.

    The Pact is backed by firefighters and other first responders, trade unions and worker groups, and mayors from countries including Australia, Brazil, Bangladesh, India, the Philippines, Sri Lanka, Nigeria, and South Africa, the US, and plaintiffs in landmark climate cases from Pacific island states to Switzerland.

    The Pact is also supported by over 60 NGOs, including Oxfam International, 350.org, Avaaz, Islamic Relief UK, Asociación Interamericana para la Defensa del Ambiente (AIDA), Indian Hawkers Alliance, Pacific Islands Students Fighting Climate Change, Jubilee Australia and the Greenpeace network.

    The survey’s findings published today reveal broad public support for the core demands of the Polluters Pay Pact, as climate impacts worsen worldwide and global inequality grows.

    Key findings of the survey include:

    • 81% of people surveyed globally would support taxes on the oil, gas, and coal industry to pay for damages caused by fossil-fuel driven climate disasters like storms, floods, droughts and wildfires. 
    • 87% of people surveyed in India support channeling revenues from higher taxes on oil and gas corporations towards communities most impacted by the climate crisis. Climate change is disproportionately hitting people in Global South countries, who are historically least responsible for greenhouse gas emissions. 
    • 68% of people surveyed globally felt that the fossil fuel industry and the super-rich had a negative influence on politics in their country. 77% say they would be more willing to support a political candidate who prioritises taxing the super-rich and the fossil fuel industry. 

    Amitabh Behar, Executive Director of Oxfam International, said: “Fossil fuel companies have known for decades about the damage their polluting products wreak on humanity. Corporations continue to cash in on climate devastation, and their profiteering destroys the lives and livelihoods of millions of women, men and children, predominantly those in the Global South who have done the least to cause the climate crisis. Governments must listen to their people and hold polluters responsible for their damages. A new tax on polluting industries could provide immediate and significant support to climate-vulnerable countries, and finally incentivise investment in renewables and a just transition.” 

    The Polluters Pay Pact demonstrates popular support for the campaign to make polluters pay. The campaign is being waged throughout 2025 in countries worldwide and in critical international forums, including the 4th International Conference on Financing for Development (FFD4), the UN Climate Change Conference (COP30), and negotiations for a UN tax convention that could include new rules to make multinational oil and gas companies pay their fair share for their pollution.

    ENDS

    Notes:

    [1] The research was conducted by first-party data company Dynata in May-June, 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US, with approximately 1200 respondents in each country and a theoretical margin of error of approximately 2.83%. Together, these countries represent close to half the world’s population. Statistics available here. 

    Additional background information available here.

    [2] Learn more about the Polluters Pay Pact: polluterspaypact.org

    [3] Additional quotes here from people around the world who are backing the Polluters Pay Pact, including first responders, local administration, youth, union representatives and people bringing climate cases to courts. 

    Contacts: 

    For Greenpeace India:
    Nibedita Saha, Media Officer, [email protected]

     For Greenpeace International: 

    Tal Harris, Greenpeace International, Global Media Lead – Stop Drilling Start Paying campaign, [email protected], +41-782530550

    MIL OSI NGO –

    June 20, 2025
  • MIL-Evening Report: View from The Hill: Albanese decides against pursuing Donald Trump to NATO

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

    Anthony Albanese, just back from the G7 and his cancelled meeting with Donald Trump, has abandoned the idea of going to next week’s NATO meeting in pursuit of face time with the elusive president.

    The word was that the prime minister would only go if he could be confident of a bilateral.

    The NATO thought bubble was always a long shot. Even if a meeting could have been arranged, there would have been risk of another no-show by Trump. Given the dramatic escalation and unpredictability of the Middle East crisis, Trump would be even more unreliable, quite apart from having his attention elsewhere.

    Albanese’s mistake was letting the NATO option be publicly known. It led to denigratory jokes about his “stalking” Trump. It also
    sounded as if the prime minister was insulting NATO, only willing to attend if he could secure the Trump one-on-one.

    So Albanese is back where he started, with all diplomatic efforts bent towards trying to secure a meeting, if possible reasonably soon. That might mean facing the scrum in the Oval Office, which Albanese has been anxious to avoid.

    Australia closes embassy in Tehran

    Meanwhile, the government has announced it has closed the Australian embassy in Tehran. The embassy’s 13 staff have left Iran.

    Foreign Minister Penny Wong said on Friday, “This is not a decision taken lightly. It is a decision based on the deteriorating security environment in Iran”.

    “At this stage, our ability to provide consular services is extremely limited due to the situation on the ground. The airspace remains closed.”

    Asked how much more difficult it would be for Australians to leave Iran now there was no consular assistance in the country, Wong said: “We are really conscious it is extremely difficult. I wish it were not so. I wish that we had more capacity to assist but the difficult reality is the situation on the ground is extremely unstable.”

    Wong said Australia’s ambassador to Iran, Ian McConville, would “remain in the region to support the Australian government’s response to the crisis”. The Department of Foreign Affairs is sending consular staff to Azerbaijan, including its border crossing, to help Australians who are leaving Iran.

    Australian Defence Force personnel and aircraft are being sent to the Middle East as part of planning for when airspace is re-opened. Wong stressed “they are not there for combat”.

    Other countries to close their embassies include New Zealand and Switzerland. The United States does not have an embassy there.

    Wong urged Australians able to leave “to do so now, if it is safe. Those who are unable to, or do not wish to leave, are advised to shelter in place”.

    About 2000 Australian citizens, permanent residents and family members are registered as wanting to depart. There are about 1200 registered in Israel seeking to depart.

    Australians in Iran seeking consular assistance should call the Australian government’s 24-hour Consular Emergency Centre on +61 2 6261 3305 outside Australia and 1300 555 135 (in Australia).

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

    – ref. View from The Hill: Albanese decides against pursuing Donald Trump to NATO – https://theconversation.com/view-from-the-hill-albanese-decides-against-pursuing-donald-trump-to-nato-258972

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-Evening Report: View from The Hill: Albanese decides against pursuing Donald Trump to NATO

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

    Anthony Albanese, just back from the G7 and his cancelled meeting with Donald Trump, has abandoned the idea of going to next week’s NATO meeting in pursuit of face time with the elusive president.

    The word was that the prime minister would only go if he could be confident of a bilateral.

    The NATO thought bubble was always a long shot. Even if a meeting could have been arranged, there would have been risk of another no-show by Trump. Given the dramatic escalation and unpredictability of the Middle East crisis, Trump would be even more unreliable, quite apart from having his attention elsewhere.

    Albanese’s mistake was letting the NATO option be publicly known. It led to denigratory jokes about his “stalking” Trump. It also
    sounded as if the prime minister was insulting NATO, only willing to attend if he could secure the Trump one-on-one.

    So Albanese is back where he started, with all diplomatic efforts bent towards trying to secure a meeting, if possible reasonably soon. That might mean facing the scrum in the Oval Office, which Albanese has been anxious to avoid.

    Australia closes embassy in Tehran

    Meanwhile, the government has announced it has closed the Australian embassy in Tehran. The embassy’s 13 staff have left Iran.

    Foreign Minister Penny Wong said on Friday, “This is not a decision taken lightly. It is a decision based on the deteriorating security environment in Iran”.

    “At this stage, our ability to provide consular services is extremely limited due to the situation on the ground. The airspace remains closed.”

    Asked how much more difficult it would be for Australians to leave Iran now there was no consular assistance in the country, Wong said: “We are really conscious it is extremely difficult. I wish it were not so. I wish that we had more capacity to assist but the difficult reality is the situation on the ground is extremely unstable.”

    Wong said Australia’s ambassador to Iran, Ian McConville, would “remain in the region to support the Australian government’s response to the crisis”. The Department of Foreign Affairs is sending consular staff to Azerbaijan, including its border crossing, to help Australians who are leaving Iran.

    Australian Defence Force personnel and aircraft are being sent to the Middle East as part of planning for when airspace is re-opened. Wong stressed “they are not there for combat”.

    Other countries to close their embassies include New Zealand and Switzerland. The United States does not have an embassy there.

    Wong urged Australians able to leave “to do so now, if it is safe. Those who are unable to, or do not wish to leave, are advised to shelter in place”.

    About 2000 Australian citizens, permanent residents and family members are registered as wanting to depart. There are about 1200 registered in Israel seeking to depart.

    Australians in Iran seeking consular assistance should call the Australian government’s 24-hour Consular Emergency Centre on +61 2 6261 3305 outside Australia and 1300 555 135 (in Australia).

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

    – ref. View from The Hill: Albanese decides against pursuing Donald Trump to NATO – https://theconversation.com/view-from-the-hill-albanese-decides-against-pursuing-donald-trump-to-nato-258972

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-OSI Russia: China’s Foreign Ministry: Hong Kong’s attractiveness as an international financial center is constantly increasing

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, June 20 (Xinhua) — Hong Kong is becoming increasingly attractive as an international financial center, with a growing magnetic attraction for foreign enterprises and individuals to invest and do business, Chinese Foreign Ministry spokesman Guo Jiakun said at a regular press briefing on Thursday, commenting at the request of the media on Hong Kong’s rise in the World Competitiveness Index 2025 released by the International Institute for Management Development (IMD) in Lausanne, Switzerland.

    Hong Kong rose to third place in the annual ranking, returning to the top three for the first time since 2019.

    The IMD yearbook was a “recognition of Hong Kong’s unique position and advantages, as well as the prospects of the ‘one country, two systems’ concept,” Guo Jiakun said.

    Hong Kong continues to be one of the freest economies and one of the most competitive regions in the world, he noted, citing data according to which the financial holding Hong Kong Exchanges and Clearing Limited (HKEX) ranked first in the world in terms of funds raised in the first half of 2025 – US$14 billion. Hong Kong’s overseas tourist flow increased by 18 percent in the first 5 months of 2025 compared to the same period last year; several large international companies redomiciled to Hong Kong.

    All this is “a vote of confidence in Hong Kong from the international community,” said a spokesman for the Chinese Foreign Ministry.

    Pointing to the upcoming 5th anniversary of the National Security Law in Hong Kong, Guo Jiakun expressed confidence that with the institutional guarantee of “one country, two systems”, the unique advantage of supporting the motherland and having extensive connections with the world, as well as a more secure environment that supports high-quality development, Hong Kong will definitely have a brighter future.

    MIL OSI Russia News –

    June 20, 2025
  • MIL-OSI Banking: Samsung Electronics Partners With Electronic Arts and Xbox To Bring EA SPORTS FC™ 25 to Samsung Gaming Hub

    Source: Samsung

     
    Samsung Electronics today announced a partnership with Electronic Arts (EA) and Xbox to bring the action of EA SPORTS FCTM 25 to Samsung Gaming Hub. Samsung TV and monitor owners can now play EA SPORTS FC 25 through the Xbox app with Xbox Cloud Gaming (Beta)1 on supported devices.2 All players need to get started is a compatible controller and Xbox Game Pass Ultimate, which includes EA Play.
     
    As a special promotion, new Xbox Game Pass subscribers can receive a two-month Ultimate Game Pass subscription.3 The offer is available to both existing Samsung TV owners and those who buy a new, qualifying TV. To redeem, users can simply download the Samsung Promotions app on their Samsung TV, click the Xbox promotion banner or scan the QR code with their mobile device, and then follow the steps on the screen to activate their offer.
     
    “We are delighted to bring EA SPORTS FC 25 to Samsung TVs and monitors through cloud gaming on Samsung Gaming Hub,” said Hun Lee, Executive Vice President of the Visual Display Business at Samsung Electronics. “As the world’s leading TV manufacturer, one of our goals is to immerse soccer fans around the world in the exciting game of soccer, whether they are playing the game or watching a match live on a Samsung TV.”
     
    EA SPORTS FC 25 gives players more ways to win for the club, by teaming up with friends across their favorite modes with 5v5 Rush and managing their clubs to victory as FC IQ delivers more tactical control than ever before. Fans will also continue to experience unparalleled authenticity with the most true-to-life experience of football’s biggest competitions, clubs and stars. FC 25 features over 19,000 athletes across more than 700 teams, 120 stadiums and 30 leagues from around the world.
     
    Samsung Gaming Hub, first introduced in 2022, has redefined home entertainment by giving players access to thousands of games directly on Samsung TVs and monitors. This includes the 2025 TV series, spanning Samsung Neo QLED 8K, Neo QLED 4K, OLED, QLED, The Frame and The Frame Pro, which are powered by Samsung Vision AI for AI enhanced picture and sound, along with new personalized features that bring people closer to the shows, movies and games they love.
     
    In a first for the TV industry, Samsung has partnered with Microsoft to integrate Xbox Cloud Gaming (Beta) into its smart TVs and monitors, and now supports a wide range of streamed games from partners including NVIDIA GeForce NOW and Amazon Luna.
     
    For more information on Samsung Gaming Hub, please visit www.samsung.com.
     
     
    1 In 27 countries (Argentina, Brazil, Canada, Mexico, United States, Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, United Kingdom, Australia, New Zealand, Korea), the game is available via Samsung Gaming Hub.
    Supported features and games may vary by country and model. An internet connection, additional gaming service subscription and compatible controller are required. Samsung Account required for network-based smart services, including streaming apps and other smart features.
    2 Available on select 2022 or later Samsung Smart TVs and Monitors.
    3 Claim Game Pass Ultimate trial by August 12,2025. Redeem at https://www.xbox.com/redeem by August 19, 2025. Valid for new Xbox Game Pass members only. Available in all regions with Xbox Cloud Gaming (Beta) supporting the Xbox app on Samsung, excluding Korea and Argentina.

    MIL OSI Global Banks –

    June 20, 2025
  • MIL-OSI China: Hong Kong becoming more attractive as int’l financial center: spokesperson

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

    BEIJING, June 19 — Hong Kong is becoming more attractive as an international financial center, and it is drawing more foreign companies and individuals to make investments and start new businesses, a Chinese foreign ministry spokesperson said on Thursday.

    Spokesperson Guo Jiakun made the remarks at a regular news briefing when asked to comment on Hong Kong’s rise in the rankings in the 2025 IMD World Competitiveness Yearbook, released recently by the International Institute for Management Development (IMD) in Lausanne, Switzerland.

    The yearbook said Hong Kong advances to the third position in the global competitiveness rankings. This is the first time Hong Kong has returned to top three in the rankings since 2019. The yearbook also puts Hong Kong at the first in the Tax Policy and Business Legislation rankings.

    “The yearbook is a recognition of Hong Kong’s unique position and strength, and the prospect of ‘one country, two systems.’ Hong Kong has entered a stage where it is set to thrive,” Guo said, adding that Hong Kong remains one of the world’s freest economies and most competitive regions.

    According to statistics, the Hong Kong Exchanges and Clearing Limited (HKEX) gained No.1 spot in global fundraising in the first half of this year, with a total amount of 14 billion U.S. dollars. The number of overseas visitors received by Hong Kong in the first five months of this year rose by 18 percent year on year, and a number of large international companies have redomiciled to Hong Kong, Guo said.

    “Those are votes of confidence for Hong Kong from the international community,” he said.

    Noting the Hong Kong national security law will soon enter its fifth year of implementation, Guo said China believes that with the institutional safeguards of “one country, two systems,” and given Hong Kong’s unique advantage of having the backing of the motherland and being connected to the world as well as a secure environment for high-quality development, Hong Kong is headed to an even brighter future.

    MIL OSI China News –

    June 20, 2025
  • MIL-OSI NGOs: 8 in 10 people support taxing oil and gas corporations to pay for climate damages, global survey finds

    Source: Greenpeace Statement –

    Bonn, Germany, 19 June 2025 – A vast majority of people believe governments must tax oil, gas and coal corporations for climate-related loss and damage, and that their government is not doing enough to counter the political influence of super rich individuals and polluting industries. These are the key findings of a global survey – including responses from South Africa and Kenya – which reflect a broad consensus across political affiliations, income levels and age groups.[1]  

    The study, jointly commissioned by Greenpeace International and Oxfam International, was launched today at the UN Climate Meetings in Bonn (SB62), where government representatives are discussing climate policies, including ways to raise at least US$ 1.3 trillion annually in climate finance for Global South countries by 2035. The survey was conducted across 13 countries, including most G7 countries. 

    Sherelee Odayar, Oil and Gas Campaigner for Greenpeace Africa said:

    “In Africa, people are feeling the heat—literally—and they’re done footing the bill for disasters driven by record fossil-fuel profits. This survey sends an unmistakable message: our governments have a popular mandate to make oil, gas and coal corporations pay their fair share for the floods, droughts and hunger they’ve helped unleash. A polluter-pays tax would turn dirty profits into clean investments for frontline communities, and that’s the climate justice Africa has been calling for.”

    Ali Mohamed, Special Envoy for Climate Change, Kenya, said:


    “African Leaders adopted the Nairobi Declaration during the inaugural Africa Climate Summit in Nairobi, which among others, calls for a global carbon taxation regime, including levies on fossil fuel trade. Kenya co-chairs the Global Solidarity Levies Taskforce, which brings together a coalition of willing countries to design and implement progressive levies that reflect the true cost of pollution. The principle is simple, sectors profiting from the increasing greenhouse gas emissions that cause the destructive climate change, must be taxed to support climate impacted vulnerable communities in Africa and other developing world, adapt and recover from the devastating losses and damages being suffered so frequently.”

    Mads Christensen, Executive Director of Greenpeace International said:

    “These survey results send a clear message: people are no longer buying the lies. They see the fingerprints of fossil fuel giants all over the storms, floods, droughts, and wildfires devastating their lives, and they want accountability. By taxing the obscene profits of dirty energy companies, governments can unlock billions to protect communities and invest in real climate solutions. It’s only fair that those who caused the crisis should pay for the damage, not those suffering from it.”

    The study, run by Dynata, was unveiled alongside the Polluters Pay Pact, a global alliance of communities on the frontlines of climate disasters. The Pact demands that – instead of piling the costs on ordinary people – governments make oil, gas and coal corporations pay their fair share for the damages they cause, through the introduction of new taxes and fines.

    The Pact is backed by firefighters and other first responders, trade unions and worker groups, and mayors from countries including Australia, Brazil, Bangladesh, India, the Philippines, Sri Lanka, Nigeria, and South Africa, the US, and plaintiffs in landmark climate cases from Pacific island states to Switzerland.

    The Pact is also supported by over 60 NGOs, including Oxfam International, 350.org, Avaaz, Islamic Relief UK, Asociación Interamericana para la Defensa del Ambiente (AIDA), Indian Hawkers Alliance, Pacific Islands Students Fighting Climate Change, Jubilee Australia and the Greenpeace network.

    The survey’s findings published today reveal broad public support for the core demands of the Polluters Pay Pact, as climate impacts worsen worldwide and global inequality grows.

    Key findings of the survey include:

    • 81% of people surveyed would support taxes on the oil, gas, and coal industry to pay for damages caused by fossil-fuel driven climate disasters like storms, floods, droughts and wildfires.
    • 86% of people in surveyed countries support channeling revenues from higher taxes on oil and gas corporations towards communities most impacted by the climate crisis. Climate change is disproportionately hitting people in Global South countries, who are historically least responsible for greenhouse gas emissions. 
    • When asked who should be taxed to pay for helping survivors of fossil-fuel driven climate disasters, 66% of people across countries surveyed think it should be oil and gas companies, while just 5% support taxes on working people, 9% on goods people buy, and 20% favour business taxes.
    • 68% felt that the fossil fuel industry and the super-rich had a negative influence on politics in their country. 77% say they would be more willing to support a political candidate who prioritises taxing the super-rich and the fossil fuel industry. 

    Amitabh Behar, Executive Director of Oxfam International, said: 

    “Fossil fuel companies have known for decades about the damage their polluting products wreak on humanity. Corporations continue to cash in on climate devastation, and their profiteering destroys the lives and livelihoods of millions of women, men and children, predominantly those in the Global South who have done the least to cause the climate crisis. Governments must listen to their people and hold polluters responsible for their damages. A new tax on polluting industries could provide immediate and significant support to climate-vulnerable countries, and finally incentivise investment in renewables and a just transition.” 

    The Polluters Pay Pact demonstrates popular support for the campaign to make polluters pay. The campaign is being waged throughout 2025 in countries worldwide and in critical international forums, including the 4th International Conference on Financing for Development (FFD4), the UN Climate Change Conference (COP30), and negotiations for a UN tax convention that could include new rules to make multinational oil and gas companies pay their fair share for their pollution.

    ENDS

    Notes:

    [1] The research was conducted by first-party data company Dynata in May-June, 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US, with approximately 1200 respondents in each country and a theoretical margin of error of approximately 2.83%. Together, these countries represent close to half the world’s population. Statistics available here. 

    Additional background information available here.

    [2] Learn more about the Polluters Pay Pact: polluterspaypact.org

    [3] Additional quotes here from people around the world who are backing the Polluters Pay Pact, including first responders, local administration, youth, union representatives and people bringing climate cases to courts. 

    Contacts: 

    For Greenpeace Africa:

    Ferdinand Omondi, Communication and Story Manager, Email: [email protected], Cell: +254 722 505 233

    Greenpeace Africa Press Desk: [email protected]. 

    For Greenpeace International: 

    Tal Harris, Greenpeace International, Global Media Lead – Stop Drilling Start Paying campaign, [email protected], +41-782530550Greenpeace International Press Desk: [email protected], +31 (0) 20 718 2470 (available 24 hours). Follow on X and Bluesky for our latest international press releases.

    MIL OSI NGO –

    June 20, 2025
  • MIL-OSI Global: Stone tools from a cave on South Africa’s coast speak of life at the end of the Ice Age

    Source: The Conversation – Africa – By Sara Watson, Assistant Professor, Indiana State University

    The Earth of the last Ice Age (about 26,000 to 19,000 years ago) was very different from today’s world.

    In the northern hemisphere, ice sheets up to 8 kilometres tall covered much of Europe, Asia and North America, while much of the southern hemisphere became drier as water was drawn into the northern glaciers.

    As more and more water was transformed into ice, global sea levels dropped as much as 125 metres from where they are now, exposing land that had been under the ocean.

    In southernmost Africa, receding coastlines exposed an area of the continental shelf known as the Palaeo-Agulhas Plain. At its maximum extent, it covered an area of about 36,000km² along the south coast of what’s now South Africa.

    This now – extinct ecosystem was a highly productive landscape with abundant grasslands, wetlands, permanent water drainage systems, and seasonal flood plains. The Palaeo-Agulhas Plain was likely most similar to the present day Serengeti in east Africa. It would likely have been able to support large herds of migratory animals and the people who hunted them.

    We now know more about how these people lived thanks to data from a new archaeological site called Knysna Eastern Heads Cave 1.

    The site sits 23 metres above sea level on the southern coast of South Africa overlooking the Indian Ocean. You can watch whales from the site today, but during the Ice Age the ocean was nowhere to be seen. Instead, the site looked out over the vast grasslands; the coast was 75 kilometres away.

    Archaeological investigation of the cave began in 2014, led by Naomi Cleghorn of the University of Texas. This work shows that humans have been using the site for much of the last 48,000 years or more. Occupations bridge the Middle to Later Stone Age transition, which occurred sometime between about 40,000 and 25,000 years ago in southern Africa.

    That transition is a time period where we see dramatic changes in the technologies people were using, including changes in raw materials selected for making tools and a shift towards smaller tools. These changes are poorly understood due to a lack of sites with occupations dating to this time. Knysna Eastern Heads Cave 1 is the first site on the southern coast that provides a continuous occupational record near the end of the Pleistocene (Ice Age) and documents how life changed for people living on the edge of the Palaeo-Agulhas Plain.

    Before the Ice Age, people there collected marine resources like shellfish when the coastline was close to the site. As the climate began to cool and sea levels dropped, they shifted their focus to land-based resources and game animals.

    I am one of the archaeologists who have been working here. In a new study, my colleagues and I analysed stone tools from the cave that date to about 19,000 to 18,000 years ago, and discussed how the techniques used to make them hint at the ways that prehistoric people travelled, interacted, and shared their craft.

    Based on this analysis, we think the cave may have been used as a temporary camp rather than a primary residence. And the similarity of the tools with those from other sites suggests people were connected over a huge region and shared ideas with each other, much like people do today.

    Robberg technology of southern Africa

    In human history, tools were invented in a succession of styles (“technologies” or “industries”), which can indicate the time and place where they were made and what they were used for.

    The Robberg is one of southern Africa’s most distinctive and widespread stone tool technologies. Robberg tools – which we found at the Knysna site – are thought to be replaceable components in composite tools, perhaps as barbs set into arrow shafts, used to hunt the migratory herds on the Palaeo-Agulhas Plain.

    We see the first appearance of Robberg technology in southern Africa near the peak of the last Ice Age around 26,000 years ago, and people continued producing these tools until around 12,000 years ago, when climate conditions were warmer.




    Read more:
    What stone tools found in southern tip of Africa tell us about the human story


    The particular methods and order of operations that people used to make their tools is something that is taught and learned. If we see specific methods of stone tool production at multiple sites, it indicates that people were sharing ideas with one another.

    Robberg occupations at Knysna date to between 21,000 and 15,000 years ago, when sea levels were at their lowest and the coastline far away.

    The Robberg tools we recovered were primarily made from rocks that were available close to the site. Most of the tools were made from quartz, which creates very sharp edges but can break unpredictably. Production focused on bladelets, or small elongated tools, which may have been replaceable components in hunting weapons.

    Some of the tools were made from a raw material called silcrete. People in South Africa were heat treating this material to improve its quality for tool production as early as 164,000 years ago. The silcrete tools at Knysna were heat treated before being brought to the site. This is only the second documented instance of the use of heat treatment in Robberg technology.

    Silcrete is not available near Knysna. Most of the accessible deposits in the area are in the Outeniqua mountains, at least 50 kilometres inland. We’re not sure yet whether people using the Knysna site were travelling to these raw material sources themselves or trading with other groups.

    Archaeological sites containing Robberg tools are found in South Africa, Lesotho and Eswatini, indicating a widespread adoption by people across southern Africa. The tools from the Knysna site share many characteristics with those from other sites, which suggests people were sharing information through social networks that may have spanned the entire width of the continent.




    Read more:
    65,000-year-old ‘stone Swiss Army knives’ show early humans had long-distance social networks


    Yet there are other aspects that are unique to the Knysna site. Fewer tools are found in the more recent layers than in deeper layers, suggesting that people were using the site less frequently than they had previously. This may suggest that during the Ice Age the cave was used as a temporary camp rather than as a primary residential site.

    Left with questions

    Stone tools can only tell us so much. Was Knysna Eastern Heads Cave 1 a temporary camp? If so, what were they coming to the cave for? We need to combine what we learned from the stone tools with other data from the site to answer these questions.




    Read more:
    Ancient human DNA from a South African rock shelter sheds light on 10,000 years of history


    Something we can say with confidence is that we have a very long and rich history as a species, and our innovative and social natures go back a lot further in time than most people realise. Humans living during the last Ice Age had complex technologies to solve their problems, made art and music, connected with people in other communities, and in some places even had pet dogs.

    Despite the dramatic differences in the world around us, these Ice Age people were not very different from people living today.

    Sara Watson works for the FIeld Museum of Natural History and Indiana State University

    – ref. Stone tools from a cave on South Africa’s coast speak of life at the end of the Ice Age – https://theconversation.com/stone-tools-from-a-cave-on-south-africas-coast-speak-of-life-at-the-end-of-the-ice-age-258317

    MIL OSI – Global Reports –

    June 20, 2025
  • MIL-OSI Africa: Stone tools from a cave on South Africa’s coast speak of life at the end of the Ice Age

    Source: The Conversation – Africa – By Sara Watson, Assistant Professor, Indiana State University

    The Earth of the last Ice Age (about 26,000 to 19,000 years ago) was very different from today’s world.

    In the northern hemisphere, ice sheets up to 8 kilometres tall covered much of Europe, Asia and North America, while much of the southern hemisphere became drier as water was drawn into the northern glaciers.

    As more and more water was transformed into ice, global sea levels dropped as much as 125 metres from where they are now, exposing land that had been under the ocean.

    In southernmost Africa, receding coastlines exposed an area of the continental shelf known as the Palaeo-Agulhas Plain. At its maximum extent, it covered an area of about 36,000km² along the south coast of what’s now South Africa.

    This now – extinct ecosystem was a highly productive landscape with abundant grasslands, wetlands, permanent water drainage systems, and seasonal flood plains. The Palaeo-Agulhas Plain was likely most similar to the present day Serengeti in east Africa. It would likely have been able to support large herds of migratory animals and the people who hunted them.

    We now know more about how these people lived thanks to data from a new archaeological site called Knysna Eastern Heads Cave 1.

    Archaeologists at Knysna Eastern Heads Cave 1. Sara Watson, Author provided (no reuse)

    The site sits 23 metres above sea level on the southern coast of South Africa overlooking the Indian Ocean. You can watch whales from the site today, but during the Ice Age the ocean was nowhere to be seen. Instead, the site looked out over the vast grasslands; the coast was 75 kilometres away.

    Archaeological investigation of the cave began in 2014, led by Naomi Cleghorn of the University of Texas. This work shows that humans have been using the site for much of the last 48,000 years or more. Occupations bridge the Middle to Later Stone Age transition, which occurred sometime between about 40,000 and 25,000 years ago in southern Africa.

    That transition is a time period where we see dramatic changes in the technologies people were using, including changes in raw materials selected for making tools and a shift towards smaller tools. These changes are poorly understood due to a lack of sites with occupations dating to this time. Knysna Eastern Heads Cave 1 is the first site on the southern coast that provides a continuous occupational record near the end of the Pleistocene (Ice Age) and documents how life changed for people living on the edge of the Palaeo-Agulhas Plain.

    Before the Ice Age, people there collected marine resources like shellfish when the coastline was close to the site. As the climate began to cool and sea levels dropped, they shifted their focus to land-based resources and game animals.

    Archaeologists working at Knysna Eastern Heads site. Sara Watson, Author provided (no reuse)

    I am one of the archaeologists who have been working here. In a new study, my colleagues and I analysed stone tools from the cave that date to about 19,000 to 18,000 years ago, and discussed how the techniques used to make them hint at the ways that prehistoric people travelled, interacted, and shared their craft.

    Based on this analysis, we think the cave may have been used as a temporary camp rather than a primary residence. And the similarity of the tools with those from other sites suggests people were connected over a huge region and shared ideas with each other, much like people do today.

    Robberg technology of southern Africa

    In human history, tools were invented in a succession of styles (“technologies” or “industries”), which can indicate the time and place where they were made and what they were used for.

    The Robberg is one of southern Africa’s most distinctive and widespread stone tool technologies. Robberg tools – which we found at the Knysna site – are thought to be replaceable components in composite tools, perhaps as barbs set into arrow shafts, used to hunt the migratory herds on the Palaeo-Agulhas Plain.

    Stone tools, Robberg technology. Sara Watson, Author provided (no reuse)

    We see the first appearance of Robberg technology in southern Africa near the peak of the last Ice Age around 26,000 years ago, and people continued producing these tools until around 12,000 years ago, when climate conditions were warmer.


    Read more: What stone tools found in southern tip of Africa tell us about the human story


    The particular methods and order of operations that people used to make their tools is something that is taught and learned. If we see specific methods of stone tool production at multiple sites, it indicates that people were sharing ideas with one another.

    Sites in southern Africa where Robberg technology has been found. Sara Watson, Author provided (no reuse)

    Robberg occupations at Knysna date to between 21,000 and 15,000 years ago, when sea levels were at their lowest and the coastline far away.

    The Robberg tools we recovered were primarily made from rocks that were available close to the site. Most of the tools were made from quartz, which creates very sharp edges but can break unpredictably. Production focused on bladelets, or small elongated tools, which may have been replaceable components in hunting weapons.

    Some of the tools were made from a raw material called silcrete. People in South Africa were heat treating this material to improve its quality for tool production as early as 164,000 years ago. The silcrete tools at Knysna were heat treated before being brought to the site. This is only the second documented instance of the use of heat treatment in Robberg technology.

    Silcrete is not available near Knysna. Most of the accessible deposits in the area are in the Outeniqua mountains, at least 50 kilometres inland. We’re not sure yet whether people using the Knysna site were travelling to these raw material sources themselves or trading with other groups.

    Archaeological sites containing Robberg tools are found in South Africa, Lesotho and Eswatini, indicating a widespread adoption by people across southern Africa. The tools from the Knysna site share many characteristics with those from other sites, which suggests people were sharing information through social networks that may have spanned the entire width of the continent.


    Read more: 65,000-year-old ‘stone Swiss Army knives’ show early humans had long-distance social networks


    Yet there are other aspects that are unique to the Knysna site. Fewer tools are found in the more recent layers than in deeper layers, suggesting that people were using the site less frequently than they had previously. This may suggest that during the Ice Age the cave was used as a temporary camp rather than as a primary residential site.

    Left with questions

    Stone tools can only tell us so much. Was Knysna Eastern Heads Cave 1 a temporary camp? If so, what were they coming to the cave for? We need to combine what we learned from the stone tools with other data from the site to answer these questions.


    Read more: Ancient human DNA from a South African rock shelter sheds light on 10,000 years of history


    Something we can say with confidence is that we have a very long and rich history as a species, and our innovative and social natures go back a lot further in time than most people realise. Humans living during the last Ice Age had complex technologies to solve their problems, made art and music, connected with people in other communities, and in some places even had pet dogs.

    Despite the dramatic differences in the world around us, these Ice Age people were not very different from people living today.

    – Stone tools from a cave on South Africa’s coast speak of life at the end of the Ice Age
    – https://theconversation.com/stone-tools-from-a-cave-on-south-africas-coast-speak-of-life-at-the-end-of-the-ice-age-258317

    MIL OSI Africa –

    June 20, 2025
  • MIL-OSI United Kingdom: International Day for the Elimination of Sexual Violence in Conflict: Joint Statement to the OSCE

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    International Day for the Elimination of Sexual Violence in Conflict: Joint Statement to the OSCE

    Acting Ambassador Deirdre Brown delivers a joint statement marking the 2025 International Day for the Elimination of Sexual Violence in Conflict.

    Thank you, Madam Chair.

    I am delivering this statement on behalf of Canada, Iceland, Liechtenstein, Norway, Switzerland, Ukraine and my own country the United Kingdom.

    Today, on 19 June, we mark the International Day for the Elimination of Sexual Violence in Conflict. We pay tribute to victims, survivors and those around the world who dedicate their lives to ending conflict-related sexual violence.

    Madam Chair, the global scale and trajectory of conflict-related sexual violence (CRSV) cases in recent years is deeply concerning. In the OSCE region, we have continued to see evidence of conflict-related sexual violence committed by Russian forces against Ukrainian civilians and prisoners of war, indicating its potential use as a tactic of war. This has been documented by successive Moscow Mechanism reports, ODIHR Interim Reports and other independent monitoring.

    It is vital that we, the international community, take effective action to end impunity for conflict-related sexual violence. Sexual violence in all forms must stop, all perpetrators must be held accountable, and survivors must be supported.

    The UN Security Council’s resolutions on prevention and response to CRSV are important mechanisms in this regard. Multilateral cooperation and international initiatives such as the International Alliance on Preventing Sexual Violence in Conflict and the OSCE’s mandated work on prevention and accountability for Sexual and Gender-Based Violence in Armed Conflict highlight the importance of working together towards internationally agreed standards on accountability and support to survivors.

    We strongly support the priorities of Ukraine’s 2025 chairpersonship of the International Alliance, and its specific focus on raising awareness of sexual violence in conflict settings, strengthening international support for survivors, and mobilising global efforts towards justice.

    It is important that conflict-related sexual violence is tackled as part of wider global action to end all forms of gender-based violence, achieve gender equality and the empowerment of women and girls in all their diversity, implement global Women, Peace and Security commitments, empower women’s rights organisations, and promote and defend comprehensive sexual and reproductive health and rights for all.

    Madam Chair, participating States must continue to work together to promote international action to address and prevent conflict-related sexual violence. We must work to ensure that survivor-centred approaches are at the heart of our collective international response, and that survivors including children born of conflict-related sexual violence receive the support and protection they need.

    Updates to this page

    Published 19 June 2025

    MIL OSI United Kingdom –

    June 20, 2025
  • MIL-OSI Economics: Christine Lagarde: Strengthening economies in a stormy and fragmenting world

    Source: European Central Bank

    Speech by Christine Lagarde, President of the ECB, at the ninth Annual Research Conference “Economic and financial integration in a stormy and fragmenting world” organised by the National Bank of Ukraine and Narodowy Bank Polski in Kyiv, Ukraine

    Kyiv, 19 June 2025

    It is an honour to be here in Kyiv – a city that has come to symbolise resilience, dignity and the enduring spirit of freedom. Kyiv stands not only as the heart of Ukraine, but as a beacon of what it means to hold fast to democratic values in the face of immense challenge.

    As the great Ukrainian poet Taras Shevchenko once wrote, “In your own house – your own truth. Your own strength and freedom.” Ukraine’s fight today reminds all of Europe of this powerful truth: our security and prosperity rely on unity, on integration with our neighbours.

    In the face of Russia’s unjustified war of aggression, Ukrainians have demonstrated extraordinary courage and resilience in defence of their country.

    In my remarks today, and in keeping with the theme of this conference, I would like to reflect on the historical lessons we have learned about strengthening and integrating economies in an increasingly stormy and fragmented world.

    Experience shows that closer ties with the European neighbourhood can provide a strong foundation for Ukraine to rebuild and emerge stronger. And as geopolitical tensions rise and global supply chains fragment, the case for deeper regional cooperation has never been clearer.

    Europe’s own long history of integration offers valuable insights that can help guide Ukraine’s path forwards. Two key lessons stand out.

    First, while deeper integration increases the potential rewards, it also raises the risks if not managed wisely. Sound domestic policy frameworks are essential to maximise growth and safeguard stability.

    Second, the benefits of integration are neither automatic nor permanent. Maintaining them depends on continuous reform – but reforms must also deliver tangible improvements for people’s lives, and do so relatively quickly.

    The benefits of integration in a fragmenting world

    During the Cold War, the Iron Curtain fractured the European economy. Trade between East and West fell by half. This division was like imposing a 48% tariff – leading to immense welfare losses and isolating the Eastern bloc from global markets.[1]

    But the transformation since Europe’s eastern enlargement has been nothing short of remarkable. On average, countries that joined the EU in 2004 have nearly doubled their GDP per capita over the past two decades.

    Critically, this was not just about catching up from a low base. Between 2004 and 2019, the EU’s new Member States saw their GDP per capita grow 32% more than comparable non-EU countries.[2] The difference was deeper economic integration – and those that were already highly embedded in the regional economy gained the most.

    While all new members experienced gains, countries with stronger integration into regional value chains recorded nearly 10 percentage points higher GDP per capita growth compared with less integrated peers – regardless of geographic proximity.[3]

    This difference was driven mainly by technology and productivity spillovers. ECB research shows that a 10% increase in productivity among western EU firms translated into a 5% productivity gain for central and eastern European firms linked to their supply chains.[4]

    The case for regional integration is therefore clear – and in today’s increasingly fragmented geopolitical landscape, it has become even more compelling.

    First, regional integration underpins growth.

    European economies are highly open, which means a world splintering into rival trading blocs poses clear risks to prosperity. Yet Europe’s most important trading partner is Europe itself: around 65% of euro area exports go to other European countries, including the United Kingdom, Switzerland and Norway. For Ukraine too, Europe is the principal trading partner, accounting for over 50% of its goods trade in 2024.

    By deepening economic ties – more closely linking neighbouring economies – we can reduce our exposure to external shocks. Rising trade within our region can help offset losses in global markets.

    Second, regional integration strengthens resilience.

    One consequence of geopolitical fragmentation is the realignment of supply chains toward trusted partners. Nearly half of firms involved in external trade have already revised their strategies – or intend to do so – including relocating parts of their operations closer to home.[5] While this trend reduces strategic dependencies, it can also raise costs.

    Yet large integrated regions can mitigate these costs by replicating many of the benefits of globalisation at the regional level. Supply chains can be reorganised regionally, allowing each country to specialise based on its comparative advantage within regional value chains.

    Ukraine stands to benefit significantly from expanding these networks across the region – and the EU stands to benefit, too, from having Ukraine as a partner.[6]

    In the automotive sector, for example, Ukrainian firms already produce around 7% of all wire harnesses used in EU vehicles.[7] As the industry shifts towards electric vehicles, which require more complex wiring systems, Ukraine’s manufacturing base is well positioned to scale up and play a larger role in the EU value chain.

    Equally transformative is Ukraine’s drone industry, which has become one of the most advanced in the region. Drones are not only a critical component of modern warfare, but also a technology with substantial spillover effects and far-reaching dual-use applications.

    Indeed, the country’s ambitious goal of producing 4.5 million drones by 2025 has accelerated innovation in materials science, battery technology and 3D printing. These advances are already finding civilian applications in sectors such as logistics, agriculture and emergency response.

    In short, for both existing EU members and neighbouring countries like Ukraine, regional integration is both a path to prosperity and a strategic anchor in an increasingly fragmented world.

    Managing the risks of integration

    But examining the experience of countries that have used regional integration as a platform for growth and reform reveals two important lessons.

    The first is that if integration is not accompanied by appropriate reforms, it can create new vulnerabilities – especially in the financial sphere.

    Financial integration often brings volatile capital inflows, which can make it difficult to distinguish sustainable growth from unsustainable excesses in real time.

    One way this can happen is when productivity gains in tradable sectors, such as manufacturing, drive up wages in those sectors, which then spill over into higher wages in non-tradable sectors and push up overall inflation.[8]

    While this effect is a normal feature of catching-up, it can make it easy to mistake genuine convergence for economic overheating. If foreign capital is in fact driving financial imbalances – such as unsustainable real estate booms – countries may exhibit the same patterns of rising wages and inflation, masking underlying vulnerabilities.

    Another potential distortion is that capital inflows can significantly affect government fiscal positions by boosting tax revenues and creating the illusion of permanently greater fiscal space. This often leads to procyclical fiscal policies, with governments increasing spending or cutting taxes during boom periods – only to face fiscal stress when inflows reverse or growth slows.

    Both dynamics have been visible during Europe’s recent experience with regional integration.

    After the eastern enlargement, financial integration accelerated rapidly. Between 2003 and 2008, the new Member States experienced an extraordinary surge in capital inflows, averaging over 12% of GDP annually – twice the typical level for emerging markets globally.[9]

    Initially, this rapid financial integration brought clear benefits: it expanded access to credit, fuelled growth and enabled much-needed development. However, in many countries, foreign capital was disproportionately channelled into consumption and construction booms, while tax revenues rose sharply on the back of property transactions and buoyant domestic demand.[10] This led to widespread misallocation of private capital and inefficient public spending.

    Capital flows then reversed sharply when the global financial crisis struck, exposing these imbalances. Between December 2008 and May 2013, external bank liabilities in non-euro area central and eastern European countries declined by an average of 27% – with some countries experiencing drops of more than 50%.[11]

    Yet the risks associated with financial integration can be avoided. Not all countries in the region were affected equally. Those that performed better typically shared two key features.

    First, they had clear policies to channel foreign investment into productive sectors. Strong industrial strategies, a skilled workforce and integration into global supply chains helped direct capital towards manufacturing and tradable services – sectors that drive export growth and are less prone to unsustainable booms and asset bubbles.[12]

    Second, they maintained robust financial policy frameworks. Tighter capital requirements, active macroprudential measures and countercyclical buffers strengthened domestic banking sectors and curbed excessive mortgage lending. These tools enabled those countries to absorb large capital inflows without creating destabilising imbalances.[13]

    The lesson is clear: as countries integrate into the region, strong domestic policy frameworks are critical to ensuring that capital inflows support long-term growth rather than generating financial instability or inefficient allocation.

    This insight is especially relevant for Ukraine today as it charts its path towards recovery. If reconstruction proceeds as planned, the country could attract significant capital inflows over the next decade. But without the right safeguards, that capital risks being misallocated – undermining long-term productivity instead of strengthening it.

    There are encouraging signs. The EU–Ukraine Association Agreement and Deep and Comprehensive Free Trade Area have already driven significant reforms in the financial sector. Ukraine’s banking regulation now aligns with more than 75% of EU standards, covering critical areas such as capital adequacy, governance and auditing.[14]

    The National Bank of Ukraine has adopted a risk-based supervisory model inspired by the Single Supervisory Mechanism – the system of banking supervision in Europe – markedly improving oversight. Despite extremely challenging circumstances, Ukraine is also modernising its capital markets – consolidating exchanges, upgrading settlement systems and strengthening regulatory enforcement to attract long-term investors.

    These reforms are already delivering results: in 2023, Ukraine’s banking sector remained profitable and well capitalised despite the ongoing war – an outcome that would have been unthinkable a decade ago.

    Still, further progress is essential, especially in fiscal governance. Strengthening public investment management will be critical to ensure that reconstruction funds are allocated transparently and efficiently.

    This is not just about meeting external standards. It is about ensuring that every euro, and every hryvnia, delivers real returns for the Ukrainian people.[15]

    Making integration sustainable

    However, reforms cannot be treated as a one-time effort.

    So, the second key lesson is that the benefits of regional integration are neither automatic nor permanent. Sustaining them requires continuous reform – and, just as importantly, it requires citizens to see visible, tangible improvements in their daily lives.

    In this context, there are two risks to watch out for.

    The first is that institutional reform momentum can fade if economic benefits do not follow quickly.

    Deeper regional integration typically begins with aligning framework conditions, such as legal systems, regulation and public administration. These areas often improve rapidly. But for the economic gains to materialise, domestic entrepreneurs and foreign investors must respond to the new incentives created – and this takes time.

    In the long run, evidence shows that countries with initially weaker institutions benefit the most from adopting higher standards.[16] But in the short run, if people only see the effort and not the payoff, public support for further reforms can weaken, putting long-term convergence at risk.

    The second risk is that structural shifts in the economy may weaken the link between integration and economic convergence over time.

    The integration of goods markets has traditionally driven convergence almost automatically, as foreign direct investment flows to countries with lower land and labour costs, supply chains relocate and lower-income countries benefit from technology transfers.

    As I mentioned earlier, this will remain an important mechanism even in an era of supply chain reshoring. But countries cannot rely on it as heavily as in the past. Future growth in intra-EU trade is expected to depend increasingly on services – particularly digital services.

    However, research shows that services sector activity tends to concentrate in larger, more affluent urban areas that exhibit the hallmarks of a knowledge economy: high tertiary education rates, strong technology and science sectors and robust digital infrastructure.[17]

    This means that deeper integration alone will not guarantee broad-based convergence across all regions. Over time, countries will need to invest more in education, skills and digitalisation to ensure they can build high levels of human capital.

    Maintaining the path of convergence is therefore not easy. But slowing down reform efforts is not the answer – especially in the shock-prone world we face today.

    There is a clear link between strong institutions and economic resilience. ECB research indicates that, during the pandemic, regions with lower institutional quality experienced – all else equal – an additional decline of around 4 percentage points in GDP per capita compared with the ten regions with the highest quality of government.[18]

    As our economies are increasingly buffeted by global turbulence, institutional backsliding therefore risks creating a vicious circle: repeated shocks can undermine economic convergence and further erode public confidence in the reform process.

    The best way for countries to sustain reform momentum is to recognise the importance of maintaining public support and, as far as possible, pair governance improvements with a focus on sectors where they have a clear competitive edge – and where deeper integration with the region can unlock significant and rapid growth opportunities.

    This way, the benefits of reforms will be felt more quickly and more widely.

    Ukraine is well positioned to put this into practice. Its IT sector is already relatively strong: IT services exports reached nearly USD 7 billion in 2023, making it one of the country’s leading export sectors despite the war.[19]

    Ukraine also produces around 130,000 STEM graduates each year – exceeding Germany and France[20] – and it ranks among the top five countries globally for certified IT professionals.[21] Successful IT clusters are active in several cities, and major foreign firms – including Apple, Microsoft, Boeing and Siemens – have established R&D operations in the country.

    A dynamic defence tech ecosystem is also taking shape[22], with Ukrainian start-ups attracting almost half a billion US dollars in funding in 2024 – surpassing many of their peers across central and eastern Europe.[23] Experience from countries like Israel suggests that such a foundation can enable the country to emerge as a broader technology hub in the years ahead.

    If Ukraine stays the course on institutional reform and continues to adapt its economy to new opportunities, despite the stormy environment, it can emerge as a vital engine of growth and a key contributor to the region’s future.

    Conclusion

    Let me conclude.

    Ukraine stands at a pivotal moment – facing the hardships of war, the challenge of reconstruction and the opportunity of deeper regional integration.

    In a world marked by shifting geopolitical realities, such integration offers a clear path to recovery and lasting prosperity.

    The recent history of regional integration shows not only its immense benefits, but also the importance of managing transitional risks through robust policy frameworks. It also underlines the need to sustain reform over time by ensuring that people feel its benefits.

    I am confident that Ukraine will be able to fully realise its economic potential, turning the upheaval of today into the foundation for a dynamic future.

    As Ivan Franko, one of Ukraine’s greatest poets, once wrote: “even though life is but a moment and made up of moments, we carry eternity in our souls.”

    This enduring spirit captures the resilience and potential of Ukraine’s people and its economy – a spirit that will continue to drive advancement and renewal in the years ahead.

    MIL OSI Economics –

    June 19, 2025
  • MIL-OSI Europe: Christine Lagarde: Strengthening economies in a stormy and fragmenting world

    Source: European Central Bank

    Speech by Christine Lagarde, President of the ECB, at the ninth Annual Research Conference “Economic and financial integration in a stormy and fragmenting world” organised by the National Bank of Ukraine and Narodowy Bank Polski in Kyiv, Ukraine

    Kyiv, 19 June 2025

    It is an honour to be here in Kyiv – a city that has come to symbolise resilience, dignity and the enduring spirit of freedom. Kyiv stands not only as the heart of Ukraine, but as a beacon of what it means to hold fast to democratic values in the face of immense challenge.

    As the great Ukrainian poet Taras Shevchenko once wrote, “In your own house – your own truth. Your own strength and freedom.” Ukraine’s fight today reminds all of Europe of this powerful truth: our security and prosperity rely on unity, on integration with our neighbours.

    In the face of Russia’s unjustified war of aggression, Ukrainians have demonstrated extraordinary courage and resilience in defence of their country.

    In my remarks today, and in keeping with the theme of this conference, I would like to reflect on the historical lessons we have learned about strengthening and integrating economies in an increasingly stormy and fragmented world.

    Experience shows that closer ties with the European neighbourhood can provide a strong foundation for Ukraine to rebuild and emerge stronger. And as geopolitical tensions rise and global supply chains fragment, the case for deeper regional cooperation has never been clearer.

    Europe’s own long history of integration offers valuable insights that can help guide Ukraine’s path forwards. Two key lessons stand out.

    First, while deeper integration increases the potential rewards, it also raises the risks if not managed wisely. Sound domestic policy frameworks are essential to maximise growth and safeguard stability.

    Second, the benefits of integration are neither automatic nor permanent. Maintaining them depends on continuous reform – but reforms must also deliver tangible improvements for people’s lives, and do so relatively quickly.

    The benefits of integration in a fragmenting world

    During the Cold War, the Iron Curtain fractured the European economy. Trade between East and West fell by half. This division was like imposing a 48% tariff – leading to immense welfare losses and isolating the Eastern bloc from global markets.[1]

    But the transformation since Europe’s eastern enlargement has been nothing short of remarkable. On average, countries that joined the EU in 2004 have nearly doubled their GDP per capita over the past two decades.

    Critically, this was not just about catching up from a low base. Between 2004 and 2019, the EU’s new Member States saw their GDP per capita grow 32% more than comparable non-EU countries.[2] The difference was deeper economic integration – and those that were already highly embedded in the regional economy gained the most.

    While all new members experienced gains, countries with stronger integration into regional value chains recorded nearly 10 percentage points higher GDP per capita growth compared with less integrated peers – regardless of geographic proximity.[3]

    This difference was driven mainly by technology and productivity spillovers. ECB research shows that a 10% increase in productivity among western EU firms translated into a 5% productivity gain for central and eastern European firms linked to their supply chains.[4]

    The case for regional integration is therefore clear – and in today’s increasingly fragmented geopolitical landscape, it has become even more compelling.

    First, regional integration underpins growth.

    European economies are highly open, which means a world splintering into rival trading blocs poses clear risks to prosperity. Yet Europe’s most important trading partner is Europe itself: around 65% of euro area exports go to other European countries, including the United Kingdom, Switzerland and Norway. For Ukraine too, Europe is the principal trading partner, accounting for over 50% of its goods trade in 2024.

    By deepening economic ties – more closely linking neighbouring economies – we can reduce our exposure to external shocks. Rising trade within our region can help offset losses in global markets.

    Second, regional integration strengthens resilience.

    One consequence of geopolitical fragmentation is the realignment of supply chains toward trusted partners. Nearly half of firms involved in external trade have already revised their strategies – or intend to do so – including relocating parts of their operations closer to home.[5] While this trend reduces strategic dependencies, it can also raise costs.

    Yet large integrated regions can mitigate these costs by replicating many of the benefits of globalisation at the regional level. Supply chains can be reorganised regionally, allowing each country to specialise based on its comparative advantage within regional value chains.

    Ukraine stands to benefit significantly from expanding these networks across the region – and the EU stands to benefit, too, from having Ukraine as a partner.[6]

    In the automotive sector, for example, Ukrainian firms already produce around 7% of all wire harnesses used in EU vehicles.[7] As the industry shifts towards electric vehicles, which require more complex wiring systems, Ukraine’s manufacturing base is well positioned to scale up and play a larger role in the EU value chain.

    Equally transformative is Ukraine’s drone industry, which has become one of the most advanced in the region. Drones are not only a critical component of modern warfare, but also a technology with substantial spillover effects and far-reaching dual-use applications.

    Indeed, the country’s ambitious goal of producing 4.5 million drones by 2025 has accelerated innovation in materials science, battery technology and 3D printing. These advances are already finding civilian applications in sectors such as logistics, agriculture and emergency response.

    In short, for both existing EU members and neighbouring countries like Ukraine, regional integration is both a path to prosperity and a strategic anchor in an increasingly fragmented world.

    Managing the risks of integration

    But examining the experience of countries that have used regional integration as a platform for growth and reform reveals two important lessons.

    The first is that if integration is not accompanied by appropriate reforms, it can create new vulnerabilities – especially in the financial sphere.

    Financial integration often brings volatile capital inflows, which can make it difficult to distinguish sustainable growth from unsustainable excesses in real time.

    One way this can happen is when productivity gains in tradable sectors, such as manufacturing, drive up wages in those sectors, which then spill over into higher wages in non-tradable sectors and push up overall inflation.[8]

    While this effect is a normal feature of catching-up, it can make it easy to mistake genuine convergence for economic overheating. If foreign capital is in fact driving financial imbalances – such as unsustainable real estate booms – countries may exhibit the same patterns of rising wages and inflation, masking underlying vulnerabilities.

    Another potential distortion is that capital inflows can significantly affect government fiscal positions by boosting tax revenues and creating the illusion of permanently greater fiscal space. This often leads to procyclical fiscal policies, with governments increasing spending or cutting taxes during boom periods – only to face fiscal stress when inflows reverse or growth slows.

    Both dynamics have been visible during Europe’s recent experience with regional integration.

    After the eastern enlargement, financial integration accelerated rapidly. Between 2003 and 2008, the new Member States experienced an extraordinary surge in capital inflows, averaging over 12% of GDP annually – twice the typical level for emerging markets globally.[9]

    Initially, this rapid financial integration brought clear benefits: it expanded access to credit, fuelled growth and enabled much-needed development. However, in many countries, foreign capital was disproportionately channelled into consumption and construction booms, while tax revenues rose sharply on the back of property transactions and buoyant domestic demand.[10] This led to widespread misallocation of private capital and inefficient public spending.

    Capital flows then reversed sharply when the global financial crisis struck, exposing these imbalances. Between December 2008 and May 2013, external bank liabilities in non-euro area central and eastern European countries declined by an average of 27% – with some countries experiencing drops of more than 50%.[11]

    Yet the risks associated with financial integration can be avoided. Not all countries in the region were affected equally. Those that performed better typically shared two key features.

    First, they had clear policies to channel foreign investment into productive sectors. Strong industrial strategies, a skilled workforce and integration into global supply chains helped direct capital towards manufacturing and tradable services – sectors that drive export growth and are less prone to unsustainable booms and asset bubbles.[12]

    Second, they maintained robust financial policy frameworks. Tighter capital requirements, active macroprudential measures and countercyclical buffers strengthened domestic banking sectors and curbed excessive mortgage lending. These tools enabled those countries to absorb large capital inflows without creating destabilising imbalances.[13]

    The lesson is clear: as countries integrate into the region, strong domestic policy frameworks are critical to ensuring that capital inflows support long-term growth rather than generating financial instability or inefficient allocation.

    This insight is especially relevant for Ukraine today as it charts its path towards recovery. If reconstruction proceeds as planned, the country could attract significant capital inflows over the next decade. But without the right safeguards, that capital risks being misallocated – undermining long-term productivity instead of strengthening it.

    There are encouraging signs. The EU–Ukraine Association Agreement and Deep and Comprehensive Free Trade Area have already driven significant reforms in the financial sector. Ukraine’s banking regulation now aligns with more than 75% of EU standards, covering critical areas such as capital adequacy, governance and auditing.[14]

    The National Bank of Ukraine has adopted a risk-based supervisory model inspired by the Single Supervisory Mechanism – the system of banking supervision in Europe – markedly improving oversight. Despite extremely challenging circumstances, Ukraine is also modernising its capital markets – consolidating exchanges, upgrading settlement systems and strengthening regulatory enforcement to attract long-term investors.

    These reforms are already delivering results: in 2023, Ukraine’s banking sector remained profitable and well capitalised despite the ongoing war – an outcome that would have been unthinkable a decade ago.

    Still, further progress is essential, especially in fiscal governance. Strengthening public investment management will be critical to ensure that reconstruction funds are allocated transparently and efficiently.

    This is not just about meeting external standards. It is about ensuring that every euro, and every hryvnia, delivers real returns for the Ukrainian people.[15]

    Making integration sustainable

    However, reforms cannot be treated as a one-time effort.

    So, the second key lesson is that the benefits of regional integration are neither automatic nor permanent. Sustaining them requires continuous reform – and, just as importantly, it requires citizens to see visible, tangible improvements in their daily lives.

    In this context, there are two risks to watch out for.

    The first is that institutional reform momentum can fade if economic benefits do not follow quickly.

    Deeper regional integration typically begins with aligning framework conditions, such as legal systems, regulation and public administration. These areas often improve rapidly. But for the economic gains to materialise, domestic entrepreneurs and foreign investors must respond to the new incentives created – and this takes time.

    In the long run, evidence shows that countries with initially weaker institutions benefit the most from adopting higher standards.[16] But in the short run, if people only see the effort and not the payoff, public support for further reforms can weaken, putting long-term convergence at risk.

    The second risk is that structural shifts in the economy may weaken the link between integration and economic convergence over time.

    The integration of goods markets has traditionally driven convergence almost automatically, as foreign direct investment flows to countries with lower land and labour costs, supply chains relocate and lower-income countries benefit from technology transfers.

    As I mentioned earlier, this will remain an important mechanism even in an era of supply chain reshoring. But countries cannot rely on it as heavily as in the past. Future growth in intra-EU trade is expected to depend increasingly on services – particularly digital services.

    However, research shows that services sector activity tends to concentrate in larger, more affluent urban areas that exhibit the hallmarks of a knowledge economy: high tertiary education rates, strong technology and science sectors and robust digital infrastructure.[17]

    This means that deeper integration alone will not guarantee broad-based convergence across all regions. Over time, countries will need to invest more in education, skills and digitalisation to ensure they can build high levels of human capital.

    Maintaining the path of convergence is therefore not easy. But slowing down reform efforts is not the answer – especially in the shock-prone world we face today.

    There is a clear link between strong institutions and economic resilience. ECB research indicates that, during the pandemic, regions with lower institutional quality experienced – all else equal – an additional decline of around 4 percentage points in GDP per capita compared with the ten regions with the highest quality of government.[18]

    As our economies are increasingly buffeted by global turbulence, institutional backsliding therefore risks creating a vicious circle: repeated shocks can undermine economic convergence and further erode public confidence in the reform process.

    The best way for countries to sustain reform momentum is to recognise the importance of maintaining public support and, as far as possible, pair governance improvements with a focus on sectors where they have a clear competitive edge – and where deeper integration with the region can unlock significant and rapid growth opportunities.

    This way, the benefits of reforms will be felt more quickly and more widely.

    Ukraine is well positioned to put this into practice. Its IT sector is already relatively strong: IT services exports reached nearly USD 7 billion in 2023, making it one of the country’s leading export sectors despite the war.[19]

    Ukraine also produces around 130,000 STEM graduates each year – exceeding Germany and France[20] – and it ranks among the top five countries globally for certified IT professionals.[21] Successful IT clusters are active in several cities, and major foreign firms – including Apple, Microsoft, Boeing and Siemens – have established R&D operations in the country.

    A dynamic defence tech ecosystem is also taking shape[22], with Ukrainian start-ups attracting almost half a billion US dollars in funding in 2024 – surpassing many of their peers across central and eastern Europe.[23] Experience from countries like Israel suggests that such a foundation can enable the country to emerge as a broader technology hub in the years ahead.

    If Ukraine stays the course on institutional reform and continues to adapt its economy to new opportunities, despite the stormy environment, it can emerge as a vital engine of growth and a key contributor to the region’s future.

    Conclusion

    Let me conclude.

    Ukraine stands at a pivotal moment – facing the hardships of war, the challenge of reconstruction and the opportunity of deeper regional integration.

    In a world marked by shifting geopolitical realities, such integration offers a clear path to recovery and lasting prosperity.

    The recent history of regional integration shows not only its immense benefits, but also the importance of managing transitional risks through robust policy frameworks. It also underlines the need to sustain reform over time by ensuring that people feel its benefits.

    I am confident that Ukraine will be able to fully realise its economic potential, turning the upheaval of today into the foundation for a dynamic future.

    As Ivan Franko, one of Ukraine’s greatest poets, once wrote: “even though life is but a moment and made up of moments, we carry eternity in our souls.”

    This enduring spirit captures the resilience and potential of Ukraine’s people and its economy – a spirit that will continue to drive advancement and renewal in the years ahead.

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Europe: Christine Lagarde: Strengthening economies in a stormy and fragmenting world

    Source: European Central Bank

    Speech by Christine Lagarde, President of the ECB, at the ninth Annual Research Conference “Economic and financial integration in a stormy and fragmenting world” organised by the National Bank of Ukraine and Narodowy Bank Polski in Kyiv, Ukraine

    Kyiv, 19 June 2025

    It is an honour to be here in Kyiv – a city that has come to symbolise resilience, dignity and the enduring spirit of freedom. Kyiv stands not only as the heart of Ukraine, but as a beacon of what it means to hold fast to democratic values in the face of immense challenge.

    As the great Ukrainian poet Taras Shevchenko once wrote, “In your own house – your own truth. Your own strength and freedom.” Ukraine’s fight today reminds all of Europe of this powerful truth: our security and prosperity rely on unity, on integration with our neighbours.

    In the face of Russia’s unjustified war of aggression, Ukrainians have demonstrated extraordinary courage and resilience in defence of their country.

    In my remarks today, and in keeping with the theme of this conference, I would like to reflect on the historical lessons we have learned about strengthening and integrating economies in an increasingly stormy and fragmented world.

    Experience shows that closer ties with the European neighbourhood can provide a strong foundation for Ukraine to rebuild and emerge stronger. And as geopolitical tensions rise and global supply chains fragment, the case for deeper regional cooperation has never been clearer.

    Europe’s own long history of integration offers valuable insights that can help guide Ukraine’s path forwards. Two key lessons stand out.

    First, while deeper integration increases the potential rewards, it also raises the risks if not managed wisely. Sound domestic policy frameworks are essential to maximise growth and safeguard stability.

    Second, the benefits of integration are neither automatic nor permanent. Maintaining them depends on continuous reform – but reforms must also deliver tangible improvements for people’s lives, and do so relatively quickly.

    The benefits of integration in a fragmenting world

    During the Cold War, the Iron Curtain fractured the European economy. Trade between East and West fell by half. This division was like imposing a 48% tariff – leading to immense welfare losses and isolating the Eastern bloc from global markets.[1]

    But the transformation since Europe’s eastern enlargement has been nothing short of remarkable. On average, countries that joined the EU in 2004 have nearly doubled their GDP per capita over the past two decades.

    Critically, this was not just about catching up from a low base. Between 2004 and 2019, the EU’s new Member States saw their GDP per capita grow 32% more than comparable non-EU countries.[2] The difference was deeper economic integration – and those that were already highly embedded in the regional economy gained the most.

    While all new members experienced gains, countries with stronger integration into regional value chains recorded nearly 10 percentage points higher GDP per capita growth compared with less integrated peers – regardless of geographic proximity.[3]

    This difference was driven mainly by technology and productivity spillovers. ECB research shows that a 10% increase in productivity among western EU firms translated into a 5% productivity gain for central and eastern European firms linked to their supply chains.[4]

    The case for regional integration is therefore clear – and in today’s increasingly fragmented geopolitical landscape, it has become even more compelling.

    First, regional integration underpins growth.

    European economies are highly open, which means a world splintering into rival trading blocs poses clear risks to prosperity. Yet Europe’s most important trading partner is Europe itself: around 65% of euro area exports go to other European countries, including the United Kingdom, Switzerland and Norway. For Ukraine too, Europe is the principal trading partner, accounting for over 50% of its goods trade in 2024.

    By deepening economic ties – more closely linking neighbouring economies – we can reduce our exposure to external shocks. Rising trade within our region can help offset losses in global markets.

    Second, regional integration strengthens resilience.

    One consequence of geopolitical fragmentation is the realignment of supply chains toward trusted partners. Nearly half of firms involved in external trade have already revised their strategies – or intend to do so – including relocating parts of their operations closer to home.[5] While this trend reduces strategic dependencies, it can also raise costs.

    Yet large integrated regions can mitigate these costs by replicating many of the benefits of globalisation at the regional level. Supply chains can be reorganised regionally, allowing each country to specialise based on its comparative advantage within regional value chains.

    Ukraine stands to benefit significantly from expanding these networks across the region – and the EU stands to benefit, too, from having Ukraine as a partner.[6]

    In the automotive sector, for example, Ukrainian firms already produce around 7% of all wire harnesses used in EU vehicles.[7] As the industry shifts towards electric vehicles, which require more complex wiring systems, Ukraine’s manufacturing base is well positioned to scale up and play a larger role in the EU value chain.

    Equally transformative is Ukraine’s drone industry, which has become one of the most advanced in the region. Drones are not only a critical component of modern warfare, but also a technology with substantial spillover effects and far-reaching dual-use applications.

    Indeed, the country’s ambitious goal of producing 4.5 million drones by 2025 has accelerated innovation in materials science, battery technology and 3D printing. These advances are already finding civilian applications in sectors such as logistics, agriculture and emergency response.

    In short, for both existing EU members and neighbouring countries like Ukraine, regional integration is both a path to prosperity and a strategic anchor in an increasingly fragmented world.

    Managing the risks of integration

    But examining the experience of countries that have used regional integration as a platform for growth and reform reveals two important lessons.

    The first is that if integration is not accompanied by appropriate reforms, it can create new vulnerabilities – especially in the financial sphere.

    Financial integration often brings volatile capital inflows, which can make it difficult to distinguish sustainable growth from unsustainable excesses in real time.

    One way this can happen is when productivity gains in tradable sectors, such as manufacturing, drive up wages in those sectors, which then spill over into higher wages in non-tradable sectors and push up overall inflation.[8]

    While this effect is a normal feature of catching-up, it can make it easy to mistake genuine convergence for economic overheating. If foreign capital is in fact driving financial imbalances – such as unsustainable real estate booms – countries may exhibit the same patterns of rising wages and inflation, masking underlying vulnerabilities.

    Another potential distortion is that capital inflows can significantly affect government fiscal positions by boosting tax revenues and creating the illusion of permanently greater fiscal space. This often leads to procyclical fiscal policies, with governments increasing spending or cutting taxes during boom periods – only to face fiscal stress when inflows reverse or growth slows.

    Both dynamics have been visible during Europe’s recent experience with regional integration.

    After the eastern enlargement, financial integration accelerated rapidly. Between 2003 and 2008, the new Member States experienced an extraordinary surge in capital inflows, averaging over 12% of GDP annually – twice the typical level for emerging markets globally.[9]

    Initially, this rapid financial integration brought clear benefits: it expanded access to credit, fuelled growth and enabled much-needed development. However, in many countries, foreign capital was disproportionately channelled into consumption and construction booms, while tax revenues rose sharply on the back of property transactions and buoyant domestic demand.[10] This led to widespread misallocation of private capital and inefficient public spending.

    Capital flows then reversed sharply when the global financial crisis struck, exposing these imbalances. Between December 2008 and May 2013, external bank liabilities in non-euro area central and eastern European countries declined by an average of 27% – with some countries experiencing drops of more than 50%.[11]

    Yet the risks associated with financial integration can be avoided. Not all countries in the region were affected equally. Those that performed better typically shared two key features.

    First, they had clear policies to channel foreign investment into productive sectors. Strong industrial strategies, a skilled workforce and integration into global supply chains helped direct capital towards manufacturing and tradable services – sectors that drive export growth and are less prone to unsustainable booms and asset bubbles.[12]

    Second, they maintained robust financial policy frameworks. Tighter capital requirements, active macroprudential measures and countercyclical buffers strengthened domestic banking sectors and curbed excessive mortgage lending. These tools enabled those countries to absorb large capital inflows without creating destabilising imbalances.[13]

    The lesson is clear: as countries integrate into the region, strong domestic policy frameworks are critical to ensuring that capital inflows support long-term growth rather than generating financial instability or inefficient allocation.

    This insight is especially relevant for Ukraine today as it charts its path towards recovery. If reconstruction proceeds as planned, the country could attract significant capital inflows over the next decade. But without the right safeguards, that capital risks being misallocated – undermining long-term productivity instead of strengthening it.

    There are encouraging signs. The EU–Ukraine Association Agreement and Deep and Comprehensive Free Trade Area have already driven significant reforms in the financial sector. Ukraine’s banking regulation now aligns with more than 75% of EU standards, covering critical areas such as capital adequacy, governance and auditing.[14]

    The National Bank of Ukraine has adopted a risk-based supervisory model inspired by the Single Supervisory Mechanism – the system of banking supervision in Europe – markedly improving oversight. Despite extremely challenging circumstances, Ukraine is also modernising its capital markets – consolidating exchanges, upgrading settlement systems and strengthening regulatory enforcement to attract long-term investors.

    These reforms are already delivering results: in 2023, Ukraine’s banking sector remained profitable and well capitalised despite the ongoing war – an outcome that would have been unthinkable a decade ago.

    Still, further progress is essential, especially in fiscal governance. Strengthening public investment management will be critical to ensure that reconstruction funds are allocated transparently and efficiently.

    This is not just about meeting external standards. It is about ensuring that every euro, and every hryvnia, delivers real returns for the Ukrainian people.[15]

    Making integration sustainable

    However, reforms cannot be treated as a one-time effort.

    So, the second key lesson is that the benefits of regional integration are neither automatic nor permanent. Sustaining them requires continuous reform – and, just as importantly, it requires citizens to see visible, tangible improvements in their daily lives.

    In this context, there are two risks to watch out for.

    The first is that institutional reform momentum can fade if economic benefits do not follow quickly.

    Deeper regional integration typically begins with aligning framework conditions, such as legal systems, regulation and public administration. These areas often improve rapidly. But for the economic gains to materialise, domestic entrepreneurs and foreign investors must respond to the new incentives created – and this takes time.

    In the long run, evidence shows that countries with initially weaker institutions benefit the most from adopting higher standards.[16] But in the short run, if people only see the effort and not the payoff, public support for further reforms can weaken, putting long-term convergence at risk.

    The second risk is that structural shifts in the economy may weaken the link between integration and economic convergence over time.

    The integration of goods markets has traditionally driven convergence almost automatically, as foreign direct investment flows to countries with lower land and labour costs, supply chains relocate and lower-income countries benefit from technology transfers.

    As I mentioned earlier, this will remain an important mechanism even in an era of supply chain reshoring. But countries cannot rely on it as heavily as in the past. Future growth in intra-EU trade is expected to depend increasingly on services – particularly digital services.

    However, research shows that services sector activity tends to concentrate in larger, more affluent urban areas that exhibit the hallmarks of a knowledge economy: high tertiary education rates, strong technology and science sectors and robust digital infrastructure.[17]

    This means that deeper integration alone will not guarantee broad-based convergence across all regions. Over time, countries will need to invest more in education, skills and digitalisation to ensure they can build high levels of human capital.

    Maintaining the path of convergence is therefore not easy. But slowing down reform efforts is not the answer – especially in the shock-prone world we face today.

    There is a clear link between strong institutions and economic resilience. ECB research indicates that, during the pandemic, regions with lower institutional quality experienced – all else equal – an additional decline of around 4 percentage points in GDP per capita compared with the ten regions with the highest quality of government.[18]

    As our economies are increasingly buffeted by global turbulence, institutional backsliding therefore risks creating a vicious circle: repeated shocks can undermine economic convergence and further erode public confidence in the reform process.

    The best way for countries to sustain reform momentum is to recognise the importance of maintaining public support and, as far as possible, pair governance improvements with a focus on sectors where they have a clear competitive edge – and where deeper integration with the region can unlock significant and rapid growth opportunities.

    This way, the benefits of reforms will be felt more quickly and more widely.

    Ukraine is well positioned to put this into practice. Its IT sector is already relatively strong: IT services exports reached nearly USD 7 billion in 2023, making it one of the country’s leading export sectors despite the war.[19]

    Ukraine also produces around 130,000 STEM graduates each year – exceeding Germany and France[20] – and it ranks among the top five countries globally for certified IT professionals.[21] Successful IT clusters are active in several cities, and major foreign firms – including Apple, Microsoft, Boeing and Siemens – have established R&D operations in the country.

    A dynamic defence tech ecosystem is also taking shape[22], with Ukrainian start-ups attracting almost half a billion US dollars in funding in 2024 – surpassing many of their peers across central and eastern Europe.[23] Experience from countries like Israel suggests that such a foundation can enable the country to emerge as a broader technology hub in the years ahead.

    If Ukraine stays the course on institutional reform and continues to adapt its economy to new opportunities, despite the stormy environment, it can emerge as a vital engine of growth and a key contributor to the region’s future.

    Conclusion

    Let me conclude.

    Ukraine stands at a pivotal moment – facing the hardships of war, the challenge of reconstruction and the opportunity of deeper regional integration.

    In a world marked by shifting geopolitical realities, such integration offers a clear path to recovery and lasting prosperity.

    The recent history of regional integration shows not only its immense benefits, but also the importance of managing transitional risks through robust policy frameworks. It also underlines the need to sustain reform over time by ensuring that people feel its benefits.

    I am confident that Ukraine will be able to fully realise its economic potential, turning the upheaval of today into the foundation for a dynamic future.

    As Ivan Franko, one of Ukraine’s greatest poets, once wrote: “even though life is but a moment and made up of moments, we carry eternity in our souls.”

    This enduring spirit captures the resilience and potential of Ukraine’s people and its economy – a spirit that will continue to drive advancement and renewal in the years ahead.

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Africa: United Nations Institute for Training and Research (UNITAR) and Foreign Service Institute (FSI) Sign Landmark Memorandum of Understanding (MOU)


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    The Gabriel L. Dennis Foreign Service Institute (FSI) of the Ministry of Foreign Affairs of Liberia, in partnership with the United Nations Institute for Training and Research (UNITAR), have formally entered into a Memorandum of Understanding (MOU) to advance diplomatic training and institutional collaboration. The signing ceremony was held at UNITAR Headquarters in Geneva, Switzerland, May 13, 2025. The agreement was signed by Amb. Reginald B. Goodridge, Sr. Director General of the Foreign Service Institute, and Ms. Michelle Gyles-McDonnough, United Nations Assistant Secretary General and Executive Director of UNITAR.

    In his remarks, Director General Goodridge highlighted the mission of the FSI and outlined several flagship programs of the Institute, including: The foundational academic curriculum for prospective diplomats; A 6-week refresher program for foreign service officers and newly appointed ambassadors designated by the President of Liberia; The 10-month All-Female Diplomatic Training Program, the first of its kind in Africa, aimed at promoting women’s leadership in diplomacy. Director General Goodridge further noted that the dialogue leading to this partnership between the FSI and UNITAR was initiated by Mr. Charles Allen, whose efforts were instrumental in establishing this collaboration. He also shared that he is reviewing a number of agreements signed by his predecessors—including those with Qatar, Saudi Arabia, Cameroon, Morocco, Guinea and Egypt—with a view to developing a distinctly African framework for diplomacy rooted in inter-African cooperation.

    Speaking on behalf of UNITAR, Ms. Michelle Gyles-McDonnough, Assistant UN Secretary General and Executive Director of UNITAR, welcomed the partnership and reaffirmed UNITAR’s commitment to a robust and impactful collaboration with the FSI, particularly in co-developing relevant and responsive foreign service training programs tailored to Liberia’s needs. Mr. Philippe Aubert, Senior Program Specialist in the Division for Multilateral Diplomacy, presented an overview of UNITAR’s offerings, including: An 18-month Master’s Program delivered in hybrid and online formats for diplomats; Targeted training linked to the national priorities of host countries; and Various fellowship opportunities, some open to all applicants and others coordinated with academic institutions. He also highlighted UNITAR’s long-standing relationships with countries such as Qatar and Saudi Arabia, and mentioned Qatar’s recent proposal to establish a UNITAR Academy. Also forming part of the Liberian delegation were Permanent Representative (Amb.) Paul Wolokollie Tate and Counselor Abraham Kamara, representatives of the Permanent Mission of Liberia to the United Nations Office and other International Organizations in Geneva. This landmark MOU represents a critical step forward in enhancing the professional development of Liberian diplomats and reaffirms Liberia’s commitment to global standards in foreign service training and diplomacy.

    Distributed by APO Group on behalf of Ministry of Foreign Affairs of Liberia.

    MIL OSI Africa –

    June 19, 2025
  • MIL-OSI: Unaudited Interim Results

    Source: GlobeNewswire (MIL-OSI)

    19 June 2025

    HARGREAVE HALE AIM VCT PLC
    (the “Company”)

    Unaudited Interim Results

    The Company announces its half-year results for the six months ended 31 March 2025.

    These half-year results will be available on the Company’s website at  https://www.hargreaveaimvcts.co.uk/document-library/.

    In accordance with UK Listing Rule 6.4.1, a copy of this document will also be submitted to the UK Listing Authority via the National Storage Mechanism and will be available for viewing shortly at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Additionally, the interim report can also be found here:  HHV 2025 Interim Report

    Financial highlights

    Net asset value (NAV) per share   NAV total return   Tax free dividends paid in the period   Share price total return   Ongoing charges ratio
    34.48p   -8.19%   2.75   -6.28%   2.45%
    • £3.6m invested in Qualifying Companies in the period.
    • 92.29% invested by VCT tax value in Qualifying Investments at 31 March 2025.
    • Offer for subscription launched on 9 October 2024 to raise up to £20m. At the date of this report 14m Shares have been issued raising gross proceeds of £5.4m.
    • Final dividend of 1.25 pence and special dividend of 1.50 pence per Share paid 14 February 2025.
    • Interim dividend of 0.75 pence and special dividend of 0.50 pence per Share approved by the Board.
    Summary financial data Six months

    ending

    31-Mar-25

    Six months

    Ending

    31-Mar-24

    Year

    ending
    30 Sept-24

    NAV (£m) 126.75 155.74 148.01
    NAV per Share (p) 34.48 43.64 40.55
    NAV total return (%) -8.19 -2.59 -3.86
    Market capitalisation (£m) 124.25 150.60 142.34
    Share price (p) 33.80 42.20 39.00
    Share price discount to NAV per Share (%) 1.97 3.30 3.82
    Share price 5 year average discount to NAV per Share (%) -5.52 -5.83 -5.79
    Share price total return (%) -6.28 1.63 0.00
    Loss per Share for the period (p) -3.39 -1.22 -1.86
    Dividends paid per Share (p) 2.75 1.50 4.00
    Ongoing charges ratio (%) 2.45 2.45 2.43

    Investment Manager’s report

    Overview

    What would Harold Wilson, who famously quipped that a week was a long time in politics, have made of the extraordinary times we are living through? If JD Vance’s Munich speech signalled that the new administration was unconstrained by red lines, established protocols or strategic alliances, few truly anticipated the confusion and chaos that would follow on ‘Liberation Day’.

    The tumultuous reaction to Trump’s Rose Garden speech reflected the upending of the principles that had underpinned global trade for decades. Uncertainty swept through markets as analysts assessed the implications for the global economy, a task that was made considerably more difficult by the rapidly evolving nature of the proposed tariff regime and, more broadly, US trade policy. With future outcomes very difficult to predict and price in, significant volatility emerged in a huge range of financial assets. In the medium term, there are potentially profound implications for the value of invested capital as companies review their business models and supply chains.

    Spectacular as this has been, the impact on AIM has been relatively muted. Whilst risk assets in the US were overdue a correction, the same was not true of companies listed on AIM. The early part of the financial year was difficult with the 2024 UK Autumn Budget preceded by some unhelpfully stark messaging from the government. GDP, employment reports and PMI surveys all highlighted a notable softening in the UK economy through the second half of the 2024 calendar year. Measures of UK consumer and business confidence dipped, suggesting that households and companies were becoming increasingly cautious. Both the Office for Budget Responsibility and Bank of England reduced their GDP forecasts for 2025.

    Although UK fiscal policy is seen as being negative to growth and positive for inflation, a very significant increase in public spending is expected to support a pick up in UK economic activity in 2025 with the market consensus for GDP growth in 2025 currently +1.0%. While the Bank of England is currently forecasting 3.5% inflation in 2025, significantly above the 2.0% target, the downside risks to the global economy that have subsequently emerged, along with falling energy prices, are expected to reduce CPI to comfortably below 3.0% by early 2026. As a result, the outlook for interest rate cuts has significantly improved with the market now pricing in up to four interest cuts in 2025. For context, the market was expecting just one cut as we entered into 2025.

    You might reasonably expect all of this to heap more selling pressure onto UK equities. Whilst that was the case within the period under review, it is not so more recently. Although the constantly evolving narrative threatens to undermine the current dynamic, as it stands UK equity markets are going through a mini renaissance. As we have previously observed, UK markets are cheap, both in relative and absolute terms. As the US economy falters and the US exceptionalism narrative comes under pressure, investors are starting to look elsewhere. With a high weighting to more defensive companies, an expectation that the UK economy should emerge relatively unscathed from the new tariff regime, stable politics and low valuations, there is clear interest in UK equities from investors rotating away from US equities. This is yet to result in fund inflows to the IA UK Small Cap sector; however, the flow picture has improved. For now, at least, the market’s focus has shifted away from UK fiscal policy to international trade and the impact of tariffs.

    Returning to events within the six months to 31 March 2025, we regrettably report that AIM was again notably weak, with the Deutsche Numis Alternative Market (ex IC) returning -7.51% over the period on a total return basis. This was not specific to AIM, the domestically focused FTSE 250 Index also endured a difficult period as business and financial markets returned a withering assessment of the 2024 Autumn Budget. Ultimately, pressure on UK government borrowing costs forced the Chancellor to announce spending cuts in her 2025 Spring Statement. More will need to be done and we expect the government to come forward with new initiatives to promote growth, contain spending and/or increase taxes. It will be a difficult balancing act.

    Performance 

    In the six months to 31 March 2025 the unaudited NAV per Share decreased from 40.55 pence to 34.48 pence. A final dividend for FY24 of 1.25 pence and a special dividend of 1.50 pence were paid on 14 February 2025, giving a NAV total return to Shareholders of -3.32 pence per Share, which translates to a loss of -8.19%.

    The Qualifying Investments made a net contribution of -2.70 pence per Share whilst the Non-Qualifying Investments returned -0.25 pence per Share. The contribution to net asset performance is split out in further detail below.

    Qualifying Investments 

    Positive Contributors 

    In November 2024, Aquis Exchange (+95.8%, +£1.71m) received a takeover offer from its larger Swiss peer SIX Exchange at 727p, equivalent to an enterprise value of £194m. The offer price, which was at a 120% premium to the previous closing price and slightly above the 2021 share price high, resulted in an exit multiple of 4.7x book cost. The deal was approved by Aquis shareholders on 18 December 2024 and is expected to complete in July 2025.

    Shares in Cohort (+26.1%, +£1.12m) continued to perform strongly as European nations announced plans to significantly boost defence spending. The UK government announced plans to increase spending to 2.5% of GDP by 2027, an additional spend of £13.4bn p.a. from current levels. The company announced its subsidiary MASS Consultants received a two-year extension to its Joint Command and Staff Training contract for UK Strategic Command worth over £17.5m. Cohort also completed the acquisition of Australian-based satellite communications company EM Solutions.

    Oberon Investment Group (+43.3%, +£0.49m) raised a further £2.5m in February 2025, providing additional investment to accelerate growth across corporate broking, wealth management and fund management. We used the opportunity to increase our investment in the company. H1 2025 results showed revenue growth of 78% to £4.8m, coupled with a reduction in EBITDA losses. Current trading remains positive with like for like revenue growth of over 30% expected for FY25 (March YE).

    Ilika (+56.5%, +£0.48m) continued to make technical progress with Goliath, its solid state battery technology for electric vehicles (EV). In partnership with the UK Battery Industrialisation Centre, the company built a prototype battery using industrial equipment and processes, demonstrating the scalability of key steps in the manufacturing process. Goliath has achieved energy density parity with current lithium-ion cells, successfully reached its D6 milestone of testing 10Ah cells, and expects to achieve minimum viable product for EV applications within 2026. The company also successfully completed the transfer of its Stereax micro-battery production to US-based partner Cirtec Medical and expects this partnership to generate revenues in H2 2025.

    Intelligent Ultrasound (+30.0%, +£0.41m) received a takeover offer from Swedish medical simulation company Surgical Science at 13p in December 2024. The transaction valued Intelligent Ultrasound at an enterprise value of £4.7m. Adjusting for the sale of the Clinical-AI business to GE Healthcare in October 2024 for £40.5m, the offer placed a relatively low value on the simulation division. Whilst we voted against the scheme due to the low valuation, the transaction was approved by shareholders on 6 February 2025 and completed on 18 February 2025.

    Negative Contributors 

    Despite reductions to its overheads, a difficult retail environment undermined Kidly (-100.00%, -£1.26m) in its attempts to establish a fundable pathway to profitability. Kidly was placed into administration on 4 March 2025 following a formal sales process. Although the company was subsequently sold from administration, the proceeds did not result in any recoverable value to the Company.

    Zoo Digital (-74.3%, -£1.14m) issued a disappointing year-end trading update with FY25 revenues growing 24% to $50.5m (consensus: $55m) and EBITDA of at least $1m. Cash was also below expectations at $1m. Whilst the film and TV industry has begun to recover from the 2023 strikes, the company has been impacted by project delays and cancellations as streaming platforms continue to evaluate their commercial models.

    On 31 March 2025, Equipmake (-40.0%, -£0.93m) announced a £5m strategic investment from Caterpillar Ventures and a development agreement with Caterpillar. We view this outcome as a significant achievement for a company that was operating with limited working capital . The company also announced a development agreement with JCB, and post period-end, a £650,000 development agreement with CorPower Ocean. A new CFO was appointed.

    Team Internet (-54.8%, -£0.86m) shares fell sharply in Q4 2024 as the company announced that revenues at a recently acquired online marketing business, Shinez would fall short of expectations. This was followed by the negative news in Q1 2025 when the company announced that 2025 would be impacted by changes being made by Google, with a major impact on revenues in the company’s online marketing business. The company also confirmed that it was no longer in talks regarding a potential takeover offer. The year end trading update confirmed 2024 net revenues of $188m (-2% vs prior year) and an operating profit of $8.2m following a $36m impairment to the value of Shinez.

    Eagle Eye (-21.3%, -£0.85m) issued a profit warning in January 2025, cautioning that FY25 revenues would be below market expectations due to lengthening sales cycles. The warning was exacerbated by the company’s decision to make a strategic shift away from professional services work. More promising was the announcement of a major new partnership with a large software vendor where Eagle Eye will be directly integrated into the vendor’s product. Whilst this opportunity will take time to generate revenues, the partnership could become a very material profit generator in time. H1 2025 results reported revenues of £24.2m (unchanged year on year), and adjusted EBITDA of £5.9m.

    Recurring revenue represented 82% of the total with annual recurring revenue increasing by 16% to £41m. The company continues to benefit from a strong balance sheet with net cash of £11.7m.

    Non-qualifying Investments

    Within the non-qualifying portfolio, the IFSL Marlborough UK Micro-Cap Growth Fund and IFSL Marlborough Special Situations Fund declined by £1.27m over the period. We reduced our investments in both to release liquidity ahead of scheduled dividend payments.

    Within the non-qualifying direct equities portfolio, the weaker outlook for the UK economy following the 2024 Autumn Budget impacted WH Smith and Hollywood Bowl. Bodycote struggled with weak end markets, notably automotive and aerospace, and we sold the position. BAE Systems performed well as the outlook for defence spending in the UK and Europe strengthened and TP ICAP rose as the company announced plans to spin-out its data business Parameta Solutions alongside good results. We exited BAE Systems and took profits in Chemring following strong share price performance and initiated a new position in Trustpilot. The direct equity holdings returned -£0.14m (-1.3%). The losses were offset by gains in the non-qualifying fixed income portfolio, which returned +£0.35m.

    We released £0.99m of liquidity through the sale of the Next 3.0% 2026 bond, again to support scheduled dividend payments. The average maturity of the current portfolio of six investment grade corporate bonds is just over two years with an average yield to maturity of 4.9%. This part of the Company’s portfolio is expected to generate annual income of approximately £0.85m.

    Portfolio structure 

    The VCT is comfortably through the HMRC defined investment test and ended the period at 92.29% invested as measured by the HMRC investment test.

    The market for new Qualifying Investment remained very subdued with just two VCT qualifying IPOs within the 12 months to 31 March 2025. Within the period under review, AIM VCTs invested £27.2m across 17 companies. We were measured in our deployment of capital, investing £3.6m into five companies. The new Qualifying Investments included follow on investments into Rosslyn Data Technologies and Oberon Investments Group. We invested in one IPO, RC Fornax, in addition to two new equity investments into existing AIM companies, Feedback and IXICO.

    Feedback. The company provides software solutions for the NHS which deliver secure, compliant clinical workforce tools and data management. The company’s flagship product, Bleepa, is a secure, cloud-based platform that enables healthcare professionals to share and view medical images, as well as notes and other records between primary and secondary care settings. The company has secured partnerships with both a primary care record provider and an IT consultancy to implement the solution. The VCT invested as part of a £6.1m fundraise in November 2024.

    IXICO. The company is a contract research organisation which provides tech-enabled imaging analysis services to pharma companies conducting clinical trials in neurological diseases, with a focus on Huntingdon’s disease, Alzheimer’s disease and Parkinson’s disease. The company has a network of more than 1,000 qualified sites and currently works with 18 pharma clients across 26 studies. The VCT invested as part of a £4m fundraise in October 2024.

    RC Fornax. The company is an engineering consultancy founded by former RAF engineers which serves the defence industry. The VCT invested as part of the AIM IPO in February 2025 which raised £3.7m.

    Within the qualifying portfolio, we exited through takeover Equals Group, Intelligent Ultrasound and Learning Technologies Group. The Equals Group exit valuation of £277m resulted in a gain of 141% over book cost. The Learning Technologies Group exit valued the company at £858m, a gain of 376% over book cost. We also sold our investments in Gfinity and Surface Transforms following poor performance and reduced our holding in Cohort following a period of strong share price performance.

    By market value, the VCT had an increased 58.4% (Sep 24: 56.0%) weighting to Qualifying Investments, an increased 14.2% (Sep 24: 12.9%) weighting to non-qualifying fixed income, a reduced combined 11.9% (Sep 24: 13.4%) weighting to the IFSL Marlborough UK Micro-Cap Growth Fund and IFSL Marlborough Special Situations Fund following disposals, and a reduced 7.3% (Sep 24: 8.1%) weighting to non-qualifying direct equities. New investment into Qualifying Companies and the return of capital through dividend distributions resulted in a reduced weighting to cash of 7.6%(1) (Sep 24: 9.3%(1)) of net assets despite inflows from the offer for subscription and the sale of Qualifying and Non-Qualifying Investments.

    The HMRC investment tests are set out in Chapter 3 of Part 6, ITA , which should be read in conjunction with this Investment Manager’s report. Funds raised by VCTs are first included in the investment tests from the start of the accounting period containing the third anniversary of the date on which the funds were raised. Therefore, the allocation of Qualifying Investments as defined by the VCT Rules can be different to the portfolio weighting as measured by market value relative to the net assets of the VCT.

    Outlook

    Although tail risks remain, broadly speaking the US appears to be inching towards a more moderate and workable position on trade policy. Whilst equity markets have quickly moved to price in a benign outcome, other measures such as borrowing costs and exchange rates continue to signal concern about the medium and long term impact on the US. Historically, this would be perceived as a major risk for the global economy; however, in a multi-polar world, there is potential for a moderate decoupling.

    Back at home, the government has completed two reviews that have shown increased support for defence, healthcare and housebuilding. We have good exposure to the first two. There continues to be much discussion about the outlook for the UK as a leading financial hub and the manner in which we support our growth companies. This debate will continue for some time; however, we draw comfort from the level of engagement by a variety of stakeholders. Greater and more coordinated support for the broader growth ecosystem, even if in areas that are adjacent to where we operate, will provide welcome second order benefits.

    This has fed through to AIM, which has been strongly positive since the post ‘Liberation Day’ correction with the index moving higher as investors react to the growth and value opportunity. It remains too early to comment on the durability of the rally but the foundations are being laid. Whilst government spending, as recently outlined, will support the UK growth story for several years to come; we will need to wait until the 2025 Autumn Budget to see whether this is offset by further changes to tax policy.

    We continue to see signs that deal flow is improving, albeit slowly. UK fund flows remain negative; that is the missing piece that must fall into place before investors can finally feel that a corner may have been turned.

    END

    For further information, please contact:

    Canaccord Genuity Asset Management
    Oliver Bedford
     +44 20 7523 4837
    JTC (UK) Limited
    Uloma Adighibe
    Alexandria Tivey
    HHV.CoSec@jtcgroup.com
    +44 203 832 3877
    +44 203 832 3891

    LEI: 213800LRYA19A69SIT31        

    The MIL Network –

    June 19, 2025
  • MIL-OSI: Unaudited Interim Results

    Source: GlobeNewswire (MIL-OSI)

    19 June 2025

    HARGREAVE HALE AIM VCT PLC
    (the “Company”)

    Unaudited Interim Results

    The Company announces its half-year results for the six months ended 31 March 2025.

    These half-year results will be available on the Company’s website at  https://www.hargreaveaimvcts.co.uk/document-library/.

    In accordance with UK Listing Rule 6.4.1, a copy of this document will also be submitted to the UK Listing Authority via the National Storage Mechanism and will be available for viewing shortly at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Additionally, the interim report can also be found here:  HHV 2025 Interim Report

    Financial highlights

    Net asset value (NAV) per share   NAV total return   Tax free dividends paid in the period   Share price total return   Ongoing charges ratio
    34.48p   -8.19%   2.75   -6.28%   2.45%
    • £3.6m invested in Qualifying Companies in the period.
    • 92.29% invested by VCT tax value in Qualifying Investments at 31 March 2025.
    • Offer for subscription launched on 9 October 2024 to raise up to £20m. At the date of this report 14m Shares have been issued raising gross proceeds of £5.4m.
    • Final dividend of 1.25 pence and special dividend of 1.50 pence per Share paid 14 February 2025.
    • Interim dividend of 0.75 pence and special dividend of 0.50 pence per Share approved by the Board.
    Summary financial data Six months

    ending

    31-Mar-25

    Six months

    Ending

    31-Mar-24

    Year

    ending
    30 Sept-24

    NAV (£m) 126.75 155.74 148.01
    NAV per Share (p) 34.48 43.64 40.55
    NAV total return (%) -8.19 -2.59 -3.86
    Market capitalisation (£m) 124.25 150.60 142.34
    Share price (p) 33.80 42.20 39.00
    Share price discount to NAV per Share (%) 1.97 3.30 3.82
    Share price 5 year average discount to NAV per Share (%) -5.52 -5.83 -5.79
    Share price total return (%) -6.28 1.63 0.00
    Loss per Share for the period (p) -3.39 -1.22 -1.86
    Dividends paid per Share (p) 2.75 1.50 4.00
    Ongoing charges ratio (%) 2.45 2.45 2.43

    Investment Manager’s report

    Overview

    What would Harold Wilson, who famously quipped that a week was a long time in politics, have made of the extraordinary times we are living through? If JD Vance’s Munich speech signalled that the new administration was unconstrained by red lines, established protocols or strategic alliances, few truly anticipated the confusion and chaos that would follow on ‘Liberation Day’.

    The tumultuous reaction to Trump’s Rose Garden speech reflected the upending of the principles that had underpinned global trade for decades. Uncertainty swept through markets as analysts assessed the implications for the global economy, a task that was made considerably more difficult by the rapidly evolving nature of the proposed tariff regime and, more broadly, US trade policy. With future outcomes very difficult to predict and price in, significant volatility emerged in a huge range of financial assets. In the medium term, there are potentially profound implications for the value of invested capital as companies review their business models and supply chains.

    Spectacular as this has been, the impact on AIM has been relatively muted. Whilst risk assets in the US were overdue a correction, the same was not true of companies listed on AIM. The early part of the financial year was difficult with the 2024 UK Autumn Budget preceded by some unhelpfully stark messaging from the government. GDP, employment reports and PMI surveys all highlighted a notable softening in the UK economy through the second half of the 2024 calendar year. Measures of UK consumer and business confidence dipped, suggesting that households and companies were becoming increasingly cautious. Both the Office for Budget Responsibility and Bank of England reduced their GDP forecasts for 2025.

    Although UK fiscal policy is seen as being negative to growth and positive for inflation, a very significant increase in public spending is expected to support a pick up in UK economic activity in 2025 with the market consensus for GDP growth in 2025 currently +1.0%. While the Bank of England is currently forecasting 3.5% inflation in 2025, significantly above the 2.0% target, the downside risks to the global economy that have subsequently emerged, along with falling energy prices, are expected to reduce CPI to comfortably below 3.0% by early 2026. As a result, the outlook for interest rate cuts has significantly improved with the market now pricing in up to four interest cuts in 2025. For context, the market was expecting just one cut as we entered into 2025.

    You might reasonably expect all of this to heap more selling pressure onto UK equities. Whilst that was the case within the period under review, it is not so more recently. Although the constantly evolving narrative threatens to undermine the current dynamic, as it stands UK equity markets are going through a mini renaissance. As we have previously observed, UK markets are cheap, both in relative and absolute terms. As the US economy falters and the US exceptionalism narrative comes under pressure, investors are starting to look elsewhere. With a high weighting to more defensive companies, an expectation that the UK economy should emerge relatively unscathed from the new tariff regime, stable politics and low valuations, there is clear interest in UK equities from investors rotating away from US equities. This is yet to result in fund inflows to the IA UK Small Cap sector; however, the flow picture has improved. For now, at least, the market’s focus has shifted away from UK fiscal policy to international trade and the impact of tariffs.

    Returning to events within the six months to 31 March 2025, we regrettably report that AIM was again notably weak, with the Deutsche Numis Alternative Market (ex IC) returning -7.51% over the period on a total return basis. This was not specific to AIM, the domestically focused FTSE 250 Index also endured a difficult period as business and financial markets returned a withering assessment of the 2024 Autumn Budget. Ultimately, pressure on UK government borrowing costs forced the Chancellor to announce spending cuts in her 2025 Spring Statement. More will need to be done and we expect the government to come forward with new initiatives to promote growth, contain spending and/or increase taxes. It will be a difficult balancing act.

    Performance 

    In the six months to 31 March 2025 the unaudited NAV per Share decreased from 40.55 pence to 34.48 pence. A final dividend for FY24 of 1.25 pence and a special dividend of 1.50 pence were paid on 14 February 2025, giving a NAV total return to Shareholders of -3.32 pence per Share, which translates to a loss of -8.19%.

    The Qualifying Investments made a net contribution of -2.70 pence per Share whilst the Non-Qualifying Investments returned -0.25 pence per Share. The contribution to net asset performance is split out in further detail below.

    Qualifying Investments 

    Positive Contributors 

    In November 2024, Aquis Exchange (+95.8%, +£1.71m) received a takeover offer from its larger Swiss peer SIX Exchange at 727p, equivalent to an enterprise value of £194m. The offer price, which was at a 120% premium to the previous closing price and slightly above the 2021 share price high, resulted in an exit multiple of 4.7x book cost. The deal was approved by Aquis shareholders on 18 December 2024 and is expected to complete in July 2025.

    Shares in Cohort (+26.1%, +£1.12m) continued to perform strongly as European nations announced plans to significantly boost defence spending. The UK government announced plans to increase spending to 2.5% of GDP by 2027, an additional spend of £13.4bn p.a. from current levels. The company announced its subsidiary MASS Consultants received a two-year extension to its Joint Command and Staff Training contract for UK Strategic Command worth over £17.5m. Cohort also completed the acquisition of Australian-based satellite communications company EM Solutions.

    Oberon Investment Group (+43.3%, +£0.49m) raised a further £2.5m in February 2025, providing additional investment to accelerate growth across corporate broking, wealth management and fund management. We used the opportunity to increase our investment in the company. H1 2025 results showed revenue growth of 78% to £4.8m, coupled with a reduction in EBITDA losses. Current trading remains positive with like for like revenue growth of over 30% expected for FY25 (March YE).

    Ilika (+56.5%, +£0.48m) continued to make technical progress with Goliath, its solid state battery technology for electric vehicles (EV). In partnership with the UK Battery Industrialisation Centre, the company built a prototype battery using industrial equipment and processes, demonstrating the scalability of key steps in the manufacturing process. Goliath has achieved energy density parity with current lithium-ion cells, successfully reached its D6 milestone of testing 10Ah cells, and expects to achieve minimum viable product for EV applications within 2026. The company also successfully completed the transfer of its Stereax micro-battery production to US-based partner Cirtec Medical and expects this partnership to generate revenues in H2 2025.

    Intelligent Ultrasound (+30.0%, +£0.41m) received a takeover offer from Swedish medical simulation company Surgical Science at 13p in December 2024. The transaction valued Intelligent Ultrasound at an enterprise value of £4.7m. Adjusting for the sale of the Clinical-AI business to GE Healthcare in October 2024 for £40.5m, the offer placed a relatively low value on the simulation division. Whilst we voted against the scheme due to the low valuation, the transaction was approved by shareholders on 6 February 2025 and completed on 18 February 2025.

    Negative Contributors 

    Despite reductions to its overheads, a difficult retail environment undermined Kidly (-100.00%, -£1.26m) in its attempts to establish a fundable pathway to profitability. Kidly was placed into administration on 4 March 2025 following a formal sales process. Although the company was subsequently sold from administration, the proceeds did not result in any recoverable value to the Company.

    Zoo Digital (-74.3%, -£1.14m) issued a disappointing year-end trading update with FY25 revenues growing 24% to $50.5m (consensus: $55m) and EBITDA of at least $1m. Cash was also below expectations at $1m. Whilst the film and TV industry has begun to recover from the 2023 strikes, the company has been impacted by project delays and cancellations as streaming platforms continue to evaluate their commercial models.

    On 31 March 2025, Equipmake (-40.0%, -£0.93m) announced a £5m strategic investment from Caterpillar Ventures and a development agreement with Caterpillar. We view this outcome as a significant achievement for a company that was operating with limited working capital . The company also announced a development agreement with JCB, and post period-end, a £650,000 development agreement with CorPower Ocean. A new CFO was appointed.

    Team Internet (-54.8%, -£0.86m) shares fell sharply in Q4 2024 as the company announced that revenues at a recently acquired online marketing business, Shinez would fall short of expectations. This was followed by the negative news in Q1 2025 when the company announced that 2025 would be impacted by changes being made by Google, with a major impact on revenues in the company’s online marketing business. The company also confirmed that it was no longer in talks regarding a potential takeover offer. The year end trading update confirmed 2024 net revenues of $188m (-2% vs prior year) and an operating profit of $8.2m following a $36m impairment to the value of Shinez.

    Eagle Eye (-21.3%, -£0.85m) issued a profit warning in January 2025, cautioning that FY25 revenues would be below market expectations due to lengthening sales cycles. The warning was exacerbated by the company’s decision to make a strategic shift away from professional services work. More promising was the announcement of a major new partnership with a large software vendor where Eagle Eye will be directly integrated into the vendor’s product. Whilst this opportunity will take time to generate revenues, the partnership could become a very material profit generator in time. H1 2025 results reported revenues of £24.2m (unchanged year on year), and adjusted EBITDA of £5.9m.

    Recurring revenue represented 82% of the total with annual recurring revenue increasing by 16% to £41m. The company continues to benefit from a strong balance sheet with net cash of £11.7m.

    Non-qualifying Investments

    Within the non-qualifying portfolio, the IFSL Marlborough UK Micro-Cap Growth Fund and IFSL Marlborough Special Situations Fund declined by £1.27m over the period. We reduced our investments in both to release liquidity ahead of scheduled dividend payments.

    Within the non-qualifying direct equities portfolio, the weaker outlook for the UK economy following the 2024 Autumn Budget impacted WH Smith and Hollywood Bowl. Bodycote struggled with weak end markets, notably automotive and aerospace, and we sold the position. BAE Systems performed well as the outlook for defence spending in the UK and Europe strengthened and TP ICAP rose as the company announced plans to spin-out its data business Parameta Solutions alongside good results. We exited BAE Systems and took profits in Chemring following strong share price performance and initiated a new position in Trustpilot. The direct equity holdings returned -£0.14m (-1.3%). The losses were offset by gains in the non-qualifying fixed income portfolio, which returned +£0.35m.

    We released £0.99m of liquidity through the sale of the Next 3.0% 2026 bond, again to support scheduled dividend payments. The average maturity of the current portfolio of six investment grade corporate bonds is just over two years with an average yield to maturity of 4.9%. This part of the Company’s portfolio is expected to generate annual income of approximately £0.85m.

    Portfolio structure 

    The VCT is comfortably through the HMRC defined investment test and ended the period at 92.29% invested as measured by the HMRC investment test.

    The market for new Qualifying Investment remained very subdued with just two VCT qualifying IPOs within the 12 months to 31 March 2025. Within the period under review, AIM VCTs invested £27.2m across 17 companies. We were measured in our deployment of capital, investing £3.6m into five companies. The new Qualifying Investments included follow on investments into Rosslyn Data Technologies and Oberon Investments Group. We invested in one IPO, RC Fornax, in addition to two new equity investments into existing AIM companies, Feedback and IXICO.

    Feedback. The company provides software solutions for the NHS which deliver secure, compliant clinical workforce tools and data management. The company’s flagship product, Bleepa, is a secure, cloud-based platform that enables healthcare professionals to share and view medical images, as well as notes and other records between primary and secondary care settings. The company has secured partnerships with both a primary care record provider and an IT consultancy to implement the solution. The VCT invested as part of a £6.1m fundraise in November 2024.

    IXICO. The company is a contract research organisation which provides tech-enabled imaging analysis services to pharma companies conducting clinical trials in neurological diseases, with a focus on Huntingdon’s disease, Alzheimer’s disease and Parkinson’s disease. The company has a network of more than 1,000 qualified sites and currently works with 18 pharma clients across 26 studies. The VCT invested as part of a £4m fundraise in October 2024.

    RC Fornax. The company is an engineering consultancy founded by former RAF engineers which serves the defence industry. The VCT invested as part of the AIM IPO in February 2025 which raised £3.7m.

    Within the qualifying portfolio, we exited through takeover Equals Group, Intelligent Ultrasound and Learning Technologies Group. The Equals Group exit valuation of £277m resulted in a gain of 141% over book cost. The Learning Technologies Group exit valued the company at £858m, a gain of 376% over book cost. We also sold our investments in Gfinity and Surface Transforms following poor performance and reduced our holding in Cohort following a period of strong share price performance.

    By market value, the VCT had an increased 58.4% (Sep 24: 56.0%) weighting to Qualifying Investments, an increased 14.2% (Sep 24: 12.9%) weighting to non-qualifying fixed income, a reduced combined 11.9% (Sep 24: 13.4%) weighting to the IFSL Marlborough UK Micro-Cap Growth Fund and IFSL Marlborough Special Situations Fund following disposals, and a reduced 7.3% (Sep 24: 8.1%) weighting to non-qualifying direct equities. New investment into Qualifying Companies and the return of capital through dividend distributions resulted in a reduced weighting to cash of 7.6%(1) (Sep 24: 9.3%(1)) of net assets despite inflows from the offer for subscription and the sale of Qualifying and Non-Qualifying Investments.

    The HMRC investment tests are set out in Chapter 3 of Part 6, ITA , which should be read in conjunction with this Investment Manager’s report. Funds raised by VCTs are first included in the investment tests from the start of the accounting period containing the third anniversary of the date on which the funds were raised. Therefore, the allocation of Qualifying Investments as defined by the VCT Rules can be different to the portfolio weighting as measured by market value relative to the net assets of the VCT.

    Outlook

    Although tail risks remain, broadly speaking the US appears to be inching towards a more moderate and workable position on trade policy. Whilst equity markets have quickly moved to price in a benign outcome, other measures such as borrowing costs and exchange rates continue to signal concern about the medium and long term impact on the US. Historically, this would be perceived as a major risk for the global economy; however, in a multi-polar world, there is potential for a moderate decoupling.

    Back at home, the government has completed two reviews that have shown increased support for defence, healthcare and housebuilding. We have good exposure to the first two. There continues to be much discussion about the outlook for the UK as a leading financial hub and the manner in which we support our growth companies. This debate will continue for some time; however, we draw comfort from the level of engagement by a variety of stakeholders. Greater and more coordinated support for the broader growth ecosystem, even if in areas that are adjacent to where we operate, will provide welcome second order benefits.

    This has fed through to AIM, which has been strongly positive since the post ‘Liberation Day’ correction with the index moving higher as investors react to the growth and value opportunity. It remains too early to comment on the durability of the rally but the foundations are being laid. Whilst government spending, as recently outlined, will support the UK growth story for several years to come; we will need to wait until the 2025 Autumn Budget to see whether this is offset by further changes to tax policy.

    We continue to see signs that deal flow is improving, albeit slowly. UK fund flows remain negative; that is the missing piece that must fall into place before investors can finally feel that a corner may have been turned.

    END

    For further information, please contact:

    Canaccord Genuity Asset Management
    Oliver Bedford
     +44 20 7523 4837
    JTC (UK) Limited
    Uloma Adighibe
    Alexandria Tivey
    HHV.CoSec@jtcgroup.com
    +44 203 832 3877
    +44 203 832 3891

    LEI: 213800LRYA19A69SIT31        

    The MIL Network –

    June 19, 2025
  • MIL-OSI Banking: The European Space Agency, Thales Alenia Space and Blue Origin to explore collaboration opportunities

    Source: Thales Group

    Headline: The European Space Agency, Thales Alenia Space and Blue Origin to explore collaboration opportunities

    The cooperation will cover human spaceflight, science, technology and commercial capabilities

    Paris Air Show, June 18th 2025 – The European Space Agency (ESA) has signed a Memorandum of Understanding (MoU) with Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), and Blue Origin to foster and facilitate commercial and industrial advancements in the area of space exploration in Low Earth Orbit.

    Signature Ceremony – from left to right: Giampiero Di Paolo,Deputy CEO and Senior Vice President of Observation, Exploration, and Navigation at Thales Alenia Space, Daniel Neuenschwander, Director of Human and Robotic Exploration at ESA and Pat Remias, Vice President, Advanced Concepts and Enterprise Engineering, Blue Origin © ESA

    The signatories will explore opportunities for European payloads and/or crew members to utilize on a non-exclusive basis the low-Earth orbit (LEO) space station Orbital Reef which will offer end-to-end services, including transportation of crew and cargo, astronaut accommodations, and payload utilization services.

    Through this MoU, the European Space Agency intends to develop a closer relationship with Blue Origin and Thales Alenia Space for the development of Orbital Reef, that could provide services meeting Europe’s long-term research and commercial needs in alignment with ESA’s recently announced requirements. 

    The MoU will also support European industry in preparing to supply modules, systems, subsystems, and equipment for Orbital Reef, and conducting risk-mitigation activities. Furthermore, Thales Alenia Space and Blue Origin are considering using future qualified European LEO cargo and/or crew transportation services under commercially viable terms and conditions as a means to transport astronauts and supplies to and from the station.

    “I am thrilled to witness an opening of a new economic dimension on Low Earth Orbit, to which this MoU is contributing,” said Daniel Neuenschwander, Director of Human and Robotic Exploration at ESA. “Our core mission at ESA is to support our Member States’ ambitions, and to do so, we are always keen to investigate potential collaborations in a renewed ecosystem with a growing commercial segment.” 

    “We’re truly honored that ESA has placed its trust in our company to explore opportunities in the LEO ecosystem together with Blue Origin to meet Europe’s commercial needs,” said Giampiero Di Paolo, Deputy CEO and Senior Vice President of Observation, Exploration, and Navigation at Thales Alenia Space.“Thales Alenia Space has played a key role in achieving humanity’s ambitions in LEO in recent years. By leveraging our expertise in space exploration infrastructures and vehicles, we’re committed to competing and investing in the development of technological solutions to empower Europe’s plans for the commercialization of low-Earth orbit. We’re excited about our collaboration with Blue Origin and are ready to implement whatever’s required to prepare for human presence and life in space, laying the groundwork for the post-ISS era while addressing new economic needs for research and science.”

    “This alliance is a unique opportunity to not only enable a new era of research and progress in orbit, but to welcome the broadest spectrum of partners in constructing humanity’s future beyond Earth,” said Pat Remias, Vice President, Advanced Concepts and Enterprise Engineering, Blue Origin. “Together, we are building foundations for industries and missions yet to be imagined.” 

    About the European Space Agency

    The European Space Agency (ESA) provides Europe’s gateway to space.
    ESA is an intergovernmental organisation, created in 1975, with the mission to shape the development of Europe’s space capability and ensure that investment in space delivers benefits to the citizens of Europe and the world. 
    ESA has 23 Member States: Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Switzerland and the United Kingdom. Latvia, Lithuania and Slovakia are Associate Members. 
    ESA has established formal cooperation with other four Member States of the EU. Canada takes part in some ESA programmes under a Cooperation Agreement. 

    By coordinating the financial and intellectual resources of its members, ESA can undertake programmes and activities far beyond the scope of any single European country. It is working in particular with the EU on advancing the Galileo and Copernicus programmes as well as with Eumetsat for the development of meteorological missions. 

    About Thales Alenia Space

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental monitoring, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources, and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the Space Alliance, which offers a complete range of solutions including services. Thales Alenia Space posted consolidated revenues of €2.23 billion in 2024 and has more than 8,100 employees in 7 countries with 15 sites in Europe.

    About Blue Origin

    We are building a road to space for the benefit of Earth, humanity’s blue origin. Our team is focused on radically reducing the cost of access to space and harnessing its vast resources while mobilizing future generations to realize this mission. Blue Origin builds and operates reusable rocket engines, launch vehicles, in-space systems, and lunar landers. 
     

    MIL OSI Global Banks –

    June 19, 2025
  • MIL-OSI: Launch of the No Limits App: The Platform Designed to Structure and Grow Today’s Entrepreneurs In Switzerland, France, USA

    Source: GlobeNewswire (MIL-OSI)

    Collombey-Muraz, Valais, Switzerland, June 18, 2025 (GLOBE NEWSWIRE) — After several years of sustained growth, No Limits officially announces the public launch of its all-in-one application across 110 countries. Developed in Switzerland, this platform introduces a new way of doing business, making it easier to access the right tools, trusted service providers, and effective strategies — even from scratch.

    Launch of the No Limits App

    A Solution Built From the Ground, Designed for Action

    Designed for freelancers, solopreneurs, startup founders, and even large companies and their teams, the No Limits app delivers a complete entrepreneurial experience:

    • Access to strategic training programs
    • Verified service providers, available on demand
    • Ready-to-use templates (emails, sales funnels, offers…)
    • Built-in business tools
    • A structured international community focused on support and growth
    • Personalized coaching journeys
    • In-person events around the world
    • A concierge service (Coming in 2026)

    Its promise: empower any entrepreneur or company to structure their operations, grow their revenue, and automate low-value tasks — so they can focus on their true expertise.

    Client Results & Notable Collaborations

    Among the success stories:

    • Yomi Denzel, a renowned entrepreneur, generated over €8M with his NFT project Crypto Champion, supported by No Limits for strategy and rollout.
    • Mathias Montavon (Be Lost) increased his conversion rate by over 30% in just a few weeks through positioning optimization.
    • Alec Henry, online trainer, raised €400,000 for an NFT project and reinvested the funds into webinars for his companies.
    • Edouard Clerc, founder of Inved, is now #1 in the Vaud real estate market after being coached by the platform in his early days.

    Business success stories include:

    • Apili, a humor-based learning method founded by a speech therapist, scaled internationally with full digital growth support. Result: tens of thousands of children helped in 40+ French-speaking countries.
    • Mentorshow connected with key partners to film and distribute courses that have already sold thousands of copies.
    • Citroën increased local sales by over 40% in select agencies through a comprehensive social selling activation strategy.
    • Swiss Serenity reached €160M in assets under management in one year through a coordinated action plan with No Limits teams.
    • Tamedia saved hundreds of thousands of euros using an AI-powered ad fraud detection system developed with No Limits.

    An App that Attracts the Right Partners

    No Limits works closely with groups such as Swissquote, Rolex, Dassault Systèmes, Airbus, and Amazon, and also supports public innovation and entrepreneurial inclusion programs.

    A Clear Vision

    “Our goal is simple: to help every entrepreneur structure, grow, and shine — without being overwhelmed by tools or technical complexity, by bringing everything together in one place.”

    Already available in both English and French, the app continues its international expansion with upcoming community features and AI-powered integrations.

    About No Limits

    No Limits is an all-in-one platform built to help entrepreneurs structure, grow, and automate their business — whether they’re starting from scratch or scaling to the next level. It brings together expert-led training, vetted service providers, actionable tools, a global community, and in-person events to help turn ideas into real, measurable results. Already trusted by over 130,000 members and credited with generating more than €190 million for its users, No Limits supports value creators at every stage of their journey, unlocking their full entrepreneurial potential.

    Press inquiries

    No Limits
    https://nolimits-inc.com/
    No Limits Team
    press@nolimits-inc.com
    No Limits On-Line SARL
    Z.I. Proprèses 7, 1868 Collombey, Switzerland
    For direct contact via only WhatsApp: +33 7 80 94 94 32
    Email: press@nolimits-inc.com

    The MIL Network –

    June 19, 2025
  • MIL-OSI Economics: Strengthen business resilience with Windows 365 and Azure Virtual Desktop

    Source: Microsoft

    Headline: Strengthen business resilience with Windows 365 and Azure Virtual Desktop

    Build a future-ready IT strategy with secure, scalable cloud solutions

    In the face of today’s complex and interconnected work ecosystems, resilience isn’t just a safeguard; it’s a strategic imperative for IT leaders driving sustainable transformation. True resilience means building an environment that proactively minimizes disruptions through robust systems, secured architectures and operational foresight. Resilience means an organization can anticipate, respond and recover swiftly, maintaining continuity without compromise. Security plays a foundational role in this approach.

    That’s why cloud-powered solutions such as Windows 365 and Azure Virtual Desktop are essential; they empower organizations to build resilience from the ground up. By enabling secure and scalable Windows experiences, these services help minimize disruptions, support flexible work and protect business continuity. Whether it’s seamless access to apps and data or built-in security and compliance, customers rely on these solutions to stay productive and protected, no matter where or how they work.

    Building on that foundation, we’re introducing new experiences across Windows 365 and Azure Virtual Desktop, each designed to strengthen organizational resilience through simplified, secured and flexible Windows solutions.

    And to make it easier for organizations to take the first step, new customers can take advantage of a limited-time 20% discount on all Windows 365 plans. Visit Windows 365 today to take advantage of the 20% promotional offer.

    Introducing Windows 365 Reserve: uninterrupted access, secured and ready when users need it

    Unexpected disruptions such as a lost, stolen, delayed or malfunctioning device can bring productivity to a halt and lead to considerable financial and operational losses. A recent study, which surveyed 1,000 ITDMs across a range of industries, highlighted the impact on business operations caused by device thefts and resulting data breaches. Seventy-six percent of those surveyed reported having been impacted by incidents of device theft in the last two years, with 33% reporting they were subjected to legal or regulatory consequences due to compromised data and 32% citing disruption to employee productivity. 1

    With Windows 365 Reserve, a new offering from Microsoft, employees can have instant access to a temporary, pre-configured Cloud PC when their primary device is unavailable. Windows 365 Reserve provides a secure, cloud-hosted Windows desktop that looks and feels like a physical PC, and is accessible from any device, anywhere, so employees can continue being productive.

    Device disruptions are more than an inconvenience — they’re a business risk that can lead to lost revenue, delayed service and reduced employee productivity.

    Windows 365 Reserve helps mitigate these risks by enabling:

    • Business continuity during device loss, theft, delivery delays or outages
    • Temporary access for onboarding, remote work delays or testing new OS/app configurations
    • Faster recovery from disruptions, reducing downtime and IT burden

    Windows 365 Reserve isn’t your traditional virtual desktop infrastructure (VDI) solution — it’s a modern, secured and scalable offering designed for any type of worker across the entire organization to stay uninterrupted and productive, without the hassle or cost of managing cumbersome loaner PCs, temporary backup PC solutions or legacy VDI access. Each Reserve Cloud PC is preloaded with Microsoft 365 apps,2 corporate settings and security policies — ensuring data protection and compliance. IT teams can manage both physical and Cloud PCs — including these new Reserve Cloud PCs — through Microsoft Intune, streamlining endpoint oversight and reducing complexity. And because users can connect to their Reserve Cloud PC within minutes from any device using the Windows App or a browser to access the Windows 11 experience, there is minimal disruption to their workflow and business continuity.

    Windows 365 Reserve will soon be available for preview. Complete this form or contact your Microsoft account team to express interest in participating in the preview.

    Windows 365 Cloud Apps: app streaming without the full desktop

    Now in private preview, Windows 365 Cloud Apps let organizations deliver secure access to individual apps hosted on Cloud PCs, without requiring a dedicated Cloud PC for every user. Windows 365 Cloud Apps are a great fit for enterprise customers whether they’re experienced with VDI or just starting their cloud journey. They also give IT teams more flexibility to support a range of user needs and scenarios, while maintaining centralized control. Organizations can use Windows 365 Cloud Apps to:

    • Streamline app delivery for frontline, seasonal or remote workers
    • Provide information workers with the line of business apps they require
    • Simplify management with Windows 365 and Microsoft Intune integration
    • Accelerate migration from on-premises VDI to the cloud

    Windows 365 Cloud Apps will soon be available for preview. Complete this form or contact your Microsoft account team to express interest in participating in the preview.

    Windows 365 Link: purpose-built Cloud PC device gets even better

    Windows 365 Link — the first Cloud PC device purpose-built by Microsoft for Windows 365 — became generally available in select markets in April 2025 and is expanding to more markets later this year. To make the experience of using Windows 365 Link even better, we are excited to introduce the following updates:

    Connection Center: access multiple Cloud PCs with ease

    The Connection Center makes accessing multiple Cloud PCs from a Windows 365 Link simple and intuitive. For users with more than one Cloud PC and no default set, the Connection Center prompts them to choose the Cloud PC they want to use right at sign-in. This means less confusion and more control.

    The Connection Center also empowers users with self-service tools to reboot, restore and manage their Cloud PCs without needing IT support. If something goes wrong, people can quickly access troubleshooting options — minimizing downtime and boosting productivity.

    This experience is now generally available, and starting mid-July, the Connection Center can also be launched from the Ctrl+Alt+Delete screen, making it even more accessible.

    Connection Center showing multiple Cloud PCs after sign-in

    Enhanced multi-monitor support for a more flexible Windows 365 Link experience

    For users who rely on multiple monitors to stay productive, Windows 365 Link now offers expanded display settings — available in preview. Users can easily configure duplicate or extend monitors, giving them the flexibility to mirror their screen or expand their workspace across displays.

    We have also added intuitive controls to adjust resolution, scale and orientation — all fully integrated into the Cloud PC settings. That means they can personalize their display setup directly from the familiar Display Settings menu, just like on a local PC.

    With these latest updates, Windows 365 Link makes it even easier to work more efficiently, multitask seamlessly and tailor your Cloud PC experience to meet your unique workflows.

    Accessing display settings for Windows 365 Link

    Making sign-in even easier with NFC reader support

    We have heard from customers that using near-field communication (NFC) readers helps streamline the Windows sign-in experience — especially in environments where speed and security are critical. That is why, based on your feedback, we introduced preview support for NFC readers for FIDO2 security keys with the launch of Windows 365 Link in April 2025. Today, we’re excited to announce that NFC reader support is now generally available. Users can simply tap their FIDO2 security key on a USB NFC reader and enter their PIN to sign in. This enhancement helps organizations improve both security posture and user productivity, especially in shared device or frontline scenarios. To learn more, check out the documentation.

    To purchase Windows 365 Link for desk-based and frontline users in your organization, contact your Microsoft account team or select resellers in Australia, Canada, Germany, Japan, New Zealand, the United Kingdom and the United States. We continue to expand availability to new markets, including Denmark, France, India, Netherlands and Sweden, with Switzerland anticipated later this year.

    Cross-region Disaster Recovery is available for Windows 365 Frontline

    Disaster recovery is a critical consideration for any IT desktop strategy. When it comes to virtualization, most organizations consider disaster recovery a primary objective. Since its introduction, Windows 365 has provided robust business continuity and disaster recovery options. Whether for compliance requirements, natural disasters, technical failure or human error, putting greater distance between your primary and backup environments can add an extra sense of security and peace of mind to any IT desktop strategy.

    On July 1, 2024, we introduced Cross-region Disaster Recovery, an add-on feature for Windows 365 Enterprise that creates “snapshots” of Cloud PCs. These snapshots are placed in customer-defined, geographically distant locations, and they can be recovered to Cloud PCs running in the selected location during a disaster recovery event.

    Today, we are excited to announce Cross-region Disaster Recovery is available in public preview as an add-on for Windows 365 Frontline. Now, in addition to Windows 365 Enterprise users, any user assigned to a dedicated Windows 365 Frontline Cloud PC will also be shielded against regional outages. If you’re interested in signing up for the public preview, please use this form. To learn more, read Cross-region Disaster Recovery in Windows 365 | Microsoft Learn.

    Secure by default: New security settings for Windows 365 Cloud PCs

    New default security settings are available for new and newly reprovisioned Cloud PCs. These updates mean Cloud PCs are more secure by default and include:

    • Disabling select redirections, such as USB and clipboard, making it easier for organizations to protect their data
    • Enabling additional security controls, including virtualization-based security, to better protect against credential theft and kernel-level exploits

    These updates are part of Microsoft’s commitment to making our products more secure by default, one of the core principles of our Secure Future Initiative.

    Powering high-performance scenarios: GPU support now available in HP Anyware for Windows 365

    We’re expanding our collaboration with HP Anyware to support GPU-enabled Windows 365 Enterprise Cloud PCs, now in preview. This integration brings the power of PC-over-IP (PCoIP) — a protocol known for delivering high-definition, low-latency performance — to Windows 365, making it ideal for graphics-intensive workloads such as 3D modeling, video editing and data visualization.

    With HP Anyware for Windows 365, users can securely access their Cloud PCs through a familiar digital workspace, while IT admins benefit from simplified deployment and management with Intune — no additional gateways or network reconfiguration required.

    To learn more or join the public preview of HP Anyware for Windows 365 GPU-enabled Enterprise Cloud PCs, contact your Microsoft account team or sign up to be notified.

    Bridge legacy and modern app delivery: App-V support now available for App attach in Azure Virtual Desktop

    Microsoft Application Virtualization (App-V) for Windows is now supported by App attach in Azure Virtual Desktop and is generally available, marking a major step forward in application delivery for virtual environments.

    Organizations can incorporate existing App-V packages into the App attach framework without repackaging. This capability streamlines the transition to Azure Virtual Desktop by preserving investments in legacy applications while enabling more modern and scalable delivery.

    The time for this update is critical, as App-V enters a phase of extended support. By bridging the gap between legacy application virtualization and modern desktop infrastructure, App attach combines continuity with innovation to help teams maintain stability while evolving their cloud strategy. To learn more about App-V support in App attach and to find information about partner solution integration with App attach visit our Azure Virtual Desktop documentation pages.

    Windows App updates: better Microsoft Teams, printing and remote access

    The Windows App is your gateway to securely connect to Windows on any device across Windows 365, Azure Virtual Desktop, Remote PC, Remote Desktop Services, Microsoft Dev Box and more.  Available on Windows, macOS, iOS, iPadOS,3 web browsers and now Android,4 it brings a unified, modern experience across platforms, making it easier than ever to access your Cloud PCs, virtual machines (VMs) and remote resources anywhere on any device. With the latest updates, we are excited to announce several new capabilities that will enhance your experience and productivity.

    Better Microsoft Teams performance on mobile: in public preview for Windows App on Android and iOS/iPadOS

    Building on last year’s Teams optimizations for Windows App on Windows, new exclusive optimizations for the Windows App on Android and iOS/iPadOS will soon be available in the newest versions of Windows App. These enhancements improve audio and sound quality in Teams, reducing issues and enhancing the overall user experience. Learn more.

    New Remote App launcher in Windows App on web

    People connecting to Windows App via the web can access the Remote App launcher directly from the toolbar inside the web client. The Remote App launcher can be used to launch additional apps from the same workspace without switching between tabs, making app discovery and launching apps more seamless.

    New printing capabilities in Windows App on web

    Windows App on web now supports new printing capabilities for locally attached printers on Windows 365 and Azure Virtual Desktop. Users can easily print documents directly to their locally attached printers, streamlining the printing process and eliminating extra steps between viewing and printing documents.

    Native access to remote sessions in Windows App on web

    You can now utilize the Windows App on web to access Windows 365 and Azure Virtual Desktop remote sessions natively. By simply selecting the “Connect in desktop app” option from the dropdown menu, you can open the desktop version of the Windows App.

    Users can also access their desktops and apps using direct launch URLs in Windows App on web. Learn more.

    Resilience starts with the right tools so organizations can stay agile, secured and ready

    Organizational resilience isn’t just convenient; it’s an essential approach to remain functional, flexible, prepared and competitive. With the latest enhancements to Windows 365 and Azure Virtual Desktop, Microsoft is enabling organizations to safeguard business continuity, navigate disruptions with confidence and maintain control. Now is the time to explore how these innovations can help strengthen your resilience strategy.

    Get 20% off Windows 365 today

    Microsoft is currently offering a 20% discount on all Windows 365 plans for the first 12 months for new customers, making it an even more compelling option for those looking to transition smoothly. Visit Windows 365 today to take advantage of the 20% promotional offer.*

    * Notice: Microsoft reserves the right to discontinue this promotion, and to modify these policies and the promotion’s terms and conditions at any time.

    This offer runs from May 1 to Oct. 31, 2025, and is for customers not currently subscribing to Windows 365. Transactions must be processed through Microsoft’s operations center before 11:00 p.m. Pacific Time on Oct. 31, 2025. This offer is non-transferable and cannot be combined with any other offer or discount on Windows 365. This offer is available only once per customer. The discount price will be in effect for the duration of the purchase commitment. Purchases made prior to the effective date of the offer are not eligible. Taxes, if any, are the sole responsibility of the recipient.

    1. Source: Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe. April 22, 2025;  Methodology: study conducted by market research firm, Vanson Bourne on behalf of Kensington Computer Products Group; Survey size: 1,000 IT decision-makers.
    2. Microsoft 365 subscription is required.
    3. macOS and iPadOS are trademarks of Apple Inc., registered in the U.S. and other countries and regions. IOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.
    4. Android is a trademark of Google LLC.

    MIL OSI Economics –

    June 19, 2025
  • MIL-OSI: BACXN Launches Global Partnership Expansion Plan, Accelerating Construction of Multilateral Digital Asset Infrastructure Network

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 18, 2025 (GLOBE NEWSWIRE) — BACXN has officially launched its “Global Partnership Expansion Plan,” with the first batch of strategic agreements already signed with several technology and infrastructure partners from Singapore, Switzerland, and the United Arab Emirates. This move marks the BACXN entry into a new stage of platform globalization and demonstrates its dual-track strategy of “deep cultivation + synergy” within the global Web3 ecosystem.

    In the rapidly converging world of digital finance and blockchain, no platform can build an ecosystem in isolation. Truly vital projects are always deeply rooted in the global open network. BACXN has always upheld the philosophy of “connecting the world, building the future together,” actively forging close partnerships with leading enterprises, academic institutions, and technology innovation teams across multiple countries to drive both technological innovation and practical applications forward in unison.

    Since its inception, the platform has established deep collaborations with organizations such as Polygon, the Ethereum Foundation, MIT Blockchain Lab, and the National University of Singapore. Through joint research and development, hackathons, and academic cooperation, BACXN continuously absorbs cutting-edge achievements, transforming exploratory thinking into momentum for product evolution. The platform-led “Digital Inclusion Program” and “Blockchain Education Initiative” are both carried out with multilateral support, combining technological exploration with social value.

    To further accelerate the integration of technology and business, BACXN has established Labs and a Ventures Fund, focusing on key areas such as privacy computing, cross-chain communication, RWA (Real World Assets), and decentralized identity. Labs provides engineering support and resource collaboration, while Ventures assists partner projects with funding and market networks to enable rapid validation and real-world deployment. Several innovative projects have already moved from concept to commercialization through this system, with deployments in ecosystems like Sui, TON, and Ethereum.

    On the global operations front, BACXN has achieved localized user access by collaborating with local industry leaders, payment channel providers, and Web3 infrastructure companies. In Southeast Asia, the Middle East, and Europe, the platform is advancing the standardization and popularization of user experience through a “joint expansion” strategy, accelerating the transition from Web3 awareness to practical usage.

    BACXN firmly believes that the next stage of digital finance does not belong to any single player, but to a global network woven by cooperation, connection, and trust. Looking forward, we will continue to work openly and pragmatically with visionary partners to jointly build a trustworthy, accessible, and mutually beneficial digital asset world.

    Media Contact: support@bacxn.org

    Disclaimer: This press release is provided by BACXN. 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. 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. 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.Speculate only with funds that you can afford to lose.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.

    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 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/4f6061b9-a0a4-4314-a8d6-145cce7c33e3

    The MIL Network –

    June 19, 2025
  • MIL-OSI: BACXN Launches Global Partnership Expansion Plan, Accelerating Construction of Multilateral Digital Asset Infrastructure Network

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 18, 2025 (GLOBE NEWSWIRE) — BACXN has officially launched its “Global Partnership Expansion Plan,” with the first batch of strategic agreements already signed with several technology and infrastructure partners from Singapore, Switzerland, and the United Arab Emirates. This move marks the BACXN entry into a new stage of platform globalization and demonstrates its dual-track strategy of “deep cultivation + synergy” within the global Web3 ecosystem.

    In the rapidly converging world of digital finance and blockchain, no platform can build an ecosystem in isolation. Truly vital projects are always deeply rooted in the global open network. BACXN has always upheld the philosophy of “connecting the world, building the future together,” actively forging close partnerships with leading enterprises, academic institutions, and technology innovation teams across multiple countries to drive both technological innovation and practical applications forward in unison.

    Since its inception, the platform has established deep collaborations with organizations such as Polygon, the Ethereum Foundation, MIT Blockchain Lab, and the National University of Singapore. Through joint research and development, hackathons, and academic cooperation, BACXN continuously absorbs cutting-edge achievements, transforming exploratory thinking into momentum for product evolution. The platform-led “Digital Inclusion Program” and “Blockchain Education Initiative” are both carried out with multilateral support, combining technological exploration with social value.

    To further accelerate the integration of technology and business, BACXN has established Labs and a Ventures Fund, focusing on key areas such as privacy computing, cross-chain communication, RWA (Real World Assets), and decentralized identity. Labs provides engineering support and resource collaboration, while Ventures assists partner projects with funding and market networks to enable rapid validation and real-world deployment. Several innovative projects have already moved from concept to commercialization through this system, with deployments in ecosystems like Sui, TON, and Ethereum.

    On the global operations front, BACXN has achieved localized user access by collaborating with local industry leaders, payment channel providers, and Web3 infrastructure companies. In Southeast Asia, the Middle East, and Europe, the platform is advancing the standardization and popularization of user experience through a “joint expansion” strategy, accelerating the transition from Web3 awareness to practical usage.

    BACXN firmly believes that the next stage of digital finance does not belong to any single player, but to a global network woven by cooperation, connection, and trust. Looking forward, we will continue to work openly and pragmatically with visionary partners to jointly build a trustworthy, accessible, and mutually beneficial digital asset world.

    Media Contact: support@bacxn.org

    Disclaimer: This press release is provided by BACXN. 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. 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. 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.Speculate only with funds that you can afford to lose.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.

    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 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/4f6061b9-a0a4-4314-a8d6-145cce7c33e3

    The MIL Network –

    June 19, 2025
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