Category: Switzerland

  • MIL-OSI USA: Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs

    Source: US State of North Carolina

    Headline: Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs

    Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs
    lsaito

    Raleigh, NC

    Governor Josh Stein announced today that Genentech, one of the world’s premiere biotechnology companies, will invest $700 million to build a new manufacturing plant in Holly Springs, creating 400 jobs.

    “World-class companies like Genentech recognize that North Carolina is a leading state for biotechnology,” said Governor Josh Stein. “These companies know that our life science workforce is ready to help them deliver their cutting-edge medicines to the world. We are proud to welcome Genetech to North Carolina.”

    Genentech, with headquarters in South San Francisco, California, is a member of Switzerland’s Roche Group (SIX: RO, ROG; OTCQX: RHHBY) and is considered the original biotechnology pioneer. For more than 40 years the company has pursued groundbreaking science to discover and develop medicines for people with serious or life-threatening diseases. Genentech’s project in Holly Springs will establish a new 700,000 sq. ft. high-volume fill-finish operation to support its existing product portfolio as well as its future pipeline, allowing the company to meet growing demand for its medicines.

    “Genentech would like to thank Governor Stein and Commerce Secretary Lilley for their support and for welcoming us to North Carolina. We are thrilled to establish this relationship with the city of Holly Springs, where we will create new manufacturing and construction jobs while making a broader positive impact on the local economy and community for many years to come,” said Genentech CEO Ashley Magargee. “Our new facility will serve as an important new setting within our manufacturing network to help deliver on the promise of our company’s life-changing science and industry-leading pipeline.”

    “Genentech siting its first East Coast production facility in North Carolina is a gamechanger for our already strong biotechnology sector,” said North Carolina Commerce Secretary Lee Lilley. “Thanks to amazing state leadership from the North Carolina Biotechnology Center and continued investments in workforce and infrastructure, these kinds of successes breed great jobs and great therapies that make the world a healthier place.”

    Although wages will vary depending on the position, the average salary for the new positions will be $119,833, compared with an average wage in Wake County of $76,643. The new positions will bring an annual payroll impact to the community of more than $50 million per year.

    The company’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by more than $3 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and the capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $9,846,750, spread over 12 years and based on the creation of 420 jobs. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 230 per cent, meaning for every dollar of potential cost, the state receives $3.30 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company. 

    Because Genentech chose to expand in Wake County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $3,282,250 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Wake, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

    “Our momentum in biotech is off the charts as these new jobs and new investment come to Holly Springs,” said N.C. Senator Lisa Grafstein. “Genentech is a renowned brand in the industry, and we welcome the company to our growing family of life science partners.”

    “Economic development success takes teamwork, and I’m proud of the many local, regional, and state organizations that worked hard to bring Genentech to our community,” said N.C. Representative Ya Liu. “We look forward to seeing this innovative company put down roots and grow in Holly Springs, Wake County, and North Carolina.”

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of N.C. on this project were the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, the North Carolina Biotechnology Center, N.C. State University, Duke Energy, Enbridge Gas North Carolina, Capital Area Workforce Development, Wake Tech, the Town of Holly Springs, Wake County, and Wake County Economic Development, a program of the Greater Raleigh Chamber.  

    May 12, 2025

    MIL OSI USA News

  • MIL-OSI: STMicroelectronics combines activity tracking and high-impact sensing in miniature AI-enabled sensor for personal electronics and IoT

    Source: GlobeNewswire (MIL-OSI)

    STMicroelectronics combines activity tracking and high-impact sensing
    in miniature AI-enabled sensor for personal electronics and IoT

    Industry-first inertial measurement unit (IMU) with dual MEMS accelerometer
    and embedded AI measures accurately up to 320g full-scale range

    Geneva, Switzerland, May 13, 2025 — STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has revealed an inertial measurement unit that combines sensors tuned for activity tracking and high-g impact measurement in a single, space-saving package. Devices equipped with this module can allow applications to fully reconstruct any event with high accuracy and so provide more features and superior user experiences. Now that it’s here, markets can expect powerful new capabilities to emerge in mobiles, wearables, and consumer medical products, as well as equipment for smart homes, smart industry, and smart driving.

    The new LSM6DSV320X sensor is an industry first in a regular-sized module (3mm x 2.5mm) with embedded AI processing and continuous registration of movements and impacts. Leveraging ST’s sustained investment in micro-electromechanical systems (MEMS) design, the innovative dual-accelerometer device ensures high accuracy for activity tracking up to 16g and impact detection up to 320g.

    We continue to unleash more and more of the potential in our cutting-edge AI MEMS sensors to enhance the performance and energy efficiency of today’s leading smart applications,” said Simone Ferri, APMS Group VP, MEMS Sub-Group General Manager at STMicroelectronics. “Our new inertial module with unique dual-sensing capability enables smarter interactions and brings greater flexibility and precision to devices and applications such as smartphones, wearables, smart tags, asset monitors, event data recorders, and larger infrastructure.”

    The LSM6DSV320X extends the family of sensors that contain ST’s machine-learning core (MLC), the embedded AI processor that handles inference directly in the sensor to lower system power consumption and enhance application performance. It features two accelerometers, designed for coexistence and optimal performance using advanced techniques unique to ST. One of these accelerometers is optimized for best resolution in activity tracking, with maximum range of ±16g, while the other can measure up to ±320g to quantify severe shocks such as collisions or high-impact events.

    By covering an extremely wide sensing range with uncompromised accuracy throughout, all in one tiny device, ST’s new AI MEMS sensor will let consumer and IoT devices provide even more features while retaining a stylish or wearable form factor. An activity tracker can provide performance monitoring within normal ranges, as well as measuring high impacts for safety in contact sports, adding value for consumers and professional/semi-pro athletes. Other consumer-market opportunities include gaming controllers, enhancing the user’s experience by detecting rapid movements and impacts, as well as smart tags for attaching to items and recording movement, vibrations, and shocks to ensure their safety, security, and integrity.

    With its wide acceleration measurement range, ST’s sensor will also enable new generations of smart devices for sectors such as consumer healthcare and industrial safety. Potential applications include personal protection devices for workers in hazardous environments, assessing the severity of falls or impacts. Other uses include equipment for accurately assessing the health of structures such as buildings and bridges.

    The sensor’s high integration simplifies product design and manufacture, enabling advanced monitors to enter their target markets at competitive prices. Designers can create slim, lightweight form factors that are easy to wear or attach to equipment.

    Notes to editors
    The 2.5mm x 3mm LSM6DSV320X integrates three micro-electromechanical systems (MEMS) sensors, comprising the ±16g and ±320g accelerometers and a MEMS gyroscope with ±4000dps range. The sensors are fully synchronized, making the modules easy to use and helping to simplify application development.

    In addition to the MLC, which handles energy-efficient context awareness, the LSM6DSV320X integrates a finite state machine (FSM) that helps perform motion tracking in the module. The digital circuitry also includes ST’s Sensor Fusion Low-Power (SFLP) technology for spatial orientation.

    Like other smart MEMS sensors in ST’s portfolio, the LSM6DSV320X features adaptive self-configuration (ASC) to optimize power consumption. Sensors with ASC can automatically adjust their settings in real-time upon detecting a specific motion pattern or signal from the MLC, without intervention from the host processor.

    To facilitate tracking high-intensity impacts and at the same time maximize the accuracy on low-g events, ST has also created and patented the Motion XLF software library which fuses data from the low-g accelerometer and high-g accelerometer. Customers’ engineering teams can use the software freely in their designs using the X-CUBE-MEMS1 package. ST also provides, free of charge, graphical design tools that help evaluate, configure, and test the LSM6DSV320X sensor and embedded AI and connect the projects with STM32 applications. These include MEMS Studio, part of the ST Edge AI Suite, and ST AIoT Craft, the web-based environment with tools for developing and provisioning node-to-cloud AIoT (Artificial Intelligence of Things) projects. The LSM6DSV320X is supported in ST Edge AI Suite now and will be added to ST AIoT Craft by the end of 2025.

    For more information, please go to www.st.com/lsm6dsv320x

    About STMicroelectronics
    At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.

    Further information can be found at www.st.com.

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    Attachments

    The MIL Network

  • MIL-OSI United Kingdom: 2025 Eurovision ‘a record-breaking moment for linguistic diversity’, says researcher The endurance of the European Song Contest and its place in the hearts of so many countries provides the ‘ideal lens for analysing cultural identities, memory, and heritage’, says Dr BárbaraBarreiro León.

    Source: University of Aberdeen

    Dr Bárbara Barreiro LeónThe endurance of the European Song Contest and its place in the hearts of so many countries provides the ‘ideal lens for analysing cultural identities, memory, and heritage’, says Dr BárbaraBarreiro León.
    The lecturer in Lecturer in Film & Visual Culture at the University of Aberdeen is currently writing a book exploring how identities are represented through film, music and other contemporary arts, including Eurovision.
    She says each year of the content – which has been running since 1956 – offers ‘a truly inexhaustible source of research’ and she will attend the 2025 event as part of the press group and will present at an academic conference being held at the University of Basel.
    “Comparing different years, countries, performances, and styles of hosting significantly enriches my research focus on memory, cultural heritage, and identity within Eurovision,” Dr León added.
    “When I last attended in 2023, the UK hosted on behalf of Ukraine—a moment filled with symbolic weight. This year, Switzerland takes on the role, bringing the contest full circle as the country that hosted the very first Eurovision in 1956. Being behind the scenes in these contexts offers a unique form of fieldwork—one that is immersive, dynamic, and unlike any other.”
    She said that the 2025 Eurovision Song Contest stands out as ‘a record-breaking moment for linguistic diversity in the competition’.
    Dr León said: “Out of 37 entries, 24 feature lyrics in languages other than English. Some countries are embracing their native tongues for the first time in years—or even decades—like Germany.
    “Others are showcasing regional dialects, such as Sweden’s entry, which is performed in Vörå, a unique blend of Finnish and Swedish. In a surprising twist, some nations are even singing in the native languages of other countries, with Estonia, for example, presenting a song in Italian.”
    [embedded content]
    Dr León’s previous work has focused primarily on Ukraine but she has expanded this focus to encompass themes such as European belonging, diaspora and migration, and the visual politics of flag representation.
    “It is a competition which may not always be taken seriously here but which has very different meanings across the countries taking part,” she added.
    “It is still the biggest musical event in the world and was founded to bring Europe back together following the Second World War.
    “There is nothing comparable which has run for so many years and which has such an enormous fan base crossing a huge number of national borders.
    “From that perspective it is the ideal vehicle to look at more than seven decades of change in our societies and culture with each edition of the contest bringing fresh examples that continuously enrich and deepen the broader conversation.”
    Further details of the conference at the University of Basel can be found at https://www.eurovisions.eu/programme-2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: UN chief hails US-China trade dialogue as ‘very positive’ for global economy

    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

    UNITED NATIONS, May 13 (Xinhua) — UN Secretary-General Antonio Guterres welcomed the recent trade talks between the United States and China, calling the dialogue a “positive” sign for the global economy.

    “We have always said that we do not want an escalation of the trade war. We want dialogue,” Stephane Dujarric, the UN chief’s spokesman, said at a briefing on Monday.

    “So this is obviously a good start,” he added, referring to the resumption of contacts between the two largest economies.

    S. Dujarric also reiterated A. Guterres’ position that trade conflicts are not beneficial to anyone. “I think the Secretary-General has made it very clear that no one wins in a trade war,” he said.

    A high-level China-US economic and trade meeting was held in Geneva, Switzerland over the weekend, with both sides reaching consensus on several key issues. –0–

    MIL OSI Russia News

  • MIL-Evening Report: The US and China have reached a temporary truce in the trade wars, but more turbulence lies ahead

    Source: The Conversation (Au and NZ) – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Jean Monnet Chair of Trade and Environment, University of Adelaide

    Defying expectations, the United States and China have announced an important agreement to de-escalate bilateral trade tensions after talks in Geneva, Switzerland.

    The good, the bad and the ugly

    The good news is their recent tariff increases will be slashed. The US has cut tariffs on Chinese imports from 145% to 30%, while China has reduced levies on US imports from 125% to 10%. This greatly eases major bilateral trade tensions, and explains why financial markets rallied.

    The bad news is twofold. First, the remaining tariffs are still high by modern standards. The US average trade-weighted tariff rate was 2.2% on January 1 2025, while it is now estimated to be up to 17.8%. This makes it the highest tariff wall since the 1930s.

    Overall, it is very likely a new baseline has been set. Bilateral tariff-free trade belongs to a bygone era.

    Second, these tariff reductions will be in place for 90 days, while negotiations continue. Talks will likely include a long list of difficult-to-resolve issues. China’s currency management policy and industrial subsidies system dominated by state-owned enterprises will be on the table. So will the many non-tariff barriers Beijing can turn on and off like a tap.

    China is offering to purchase unspecified quantities of US goods – in a repeat of a US-China “Phase 1 deal” from Trump’s first presidency that was not implemented. On his first day in office in January, amid a blizzard of executive orders, Trump ordered a review of that deal’s implementation. The review found China didn’t follow through on the agriculture, finance and intellectual property protection commitments it had made.

    Unless the US has now decided to capitulate to Beijing’s retaliatory actions, it is difficult to see the US being duped again.

    Failure to agree on these points would reveal the ugly truth that both countries continue to impose bilateral export controls on goods deemed sensitive, such as semiconductors (from the US to China) and processed critical minerals (from China to the US).

    Moreover, in its so-called “reciprocal” negotiations with other countries, the US is pressing trading partners to cut certain sensitive China-sourced goods from their exports destined for US markets. China is deeply unhappy about these US demands and has threatened to retaliate against trading partners that adopt them.

    A temporary truce

    Overall, the announcement is best viewed as a truce that does not shift the underlying structural reality that the US and China are locked into a long-term cycle of escalating strategic competition.




    Read more:
    Why Trump fails to understand China’s trade war tactics, and what his negotiators should be reading


    That cycle will have its ups (the latest announcement) and downs (the tariff wars that preceded it). For now, both sides have agreed to announce victory and focus on other matters.

    For the US, this means ensuring there will be consumer goods on the shelves in time for Halloween and Christmas, albeit at inflated prices. For China, it means restoring some export market access to take pressure off its increasingly ailing economy.

    As neither side can vanquish the other, the likely long-term result is a frozen conflict. This will be punctuated by attempts to achieve “escalation dominance”, as that will determine who emerges with better terms. Observers’ opinions on where the balance currently lies are divided.

    Along the way, and to use a quote widely attributed to Winston Churchill, to “jaw-jaw is better than to war-war”. Fasten your seat belts, there is more turbulence to come.

    Where does this leave the rest of us?

    Significantly, the US has not (so far) changed its basic goals for all its bilateral trade deals.

    Its overarching aim is to cut the goods trade deficit by reducing goods imports and eliminating non-tariff barriers it says are “unfairly” prohibiting US exports. The US also wants to remove barriers to digital trade and investments by tech giants and “derisk” certain imports that it deems sensitive for national security reasons.

    The agreement between the US and UK last week clearly reflects these goals in operation. While the UK received some concessions, the remaining tariffs are higher, at 10% overall, than on April 2 and subject to US-imposed import quotas. Furthermore, the UK must open its market for certain goods while removing China-originating content from steel and pharmaceutical products destined for the US.

    For Washington’s Pacific defence treaty allies, including Australia, nothing has changed. Potentially difficult negotiations with the Trump administration lie ahead, particularly if the US decides to use our security dependencies as leverage to wring concessions in trade. Japan has already disavowed linking security and trade, and their progress should be closely watched.

    The US has previously paused high tariffs on manufacturing nations in South-East Asia, particularly those used by other nations as export platforms to avoid China tariffs. Vietnam, Cambodia and others will face sustained uncertainty and increasingly difficult balancing acts. The economic stakes are higher for them.

    They, like the Japanese, are long-practised in the subtle arts of balancing the two giants. Still, juggling ties with both Washington and Beijing will become the act of an increasingly high-wire trapeze artist.

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

    ref. The US and China have reached a temporary truce in the trade wars, but more turbulence lies ahead – https://theconversation.com/the-us-and-china-have-reached-a-temporary-truce-in-the-trade-wars-but-more-turbulence-lies-ahead-256448

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Jeito Capital leads EUR 132 million oversubscribed Series B financing in Azafaros to advance Phase 3 clinical programs of innovative therapies in rare inherited neuro-metabolic disorders

    Source: GlobeNewswire (MIL-OSI)

    Jeito Capital leads EUR 132 million oversubscribed Series B financing in Azafaros to advance Phase 3 clinical programs of innovative therapies
    in rare inherited neuro-metabolic disorders

    • Proceeds will support two Phase 3 pivotal programs with nizubaglustat, lead asset in Niemann-Pick disease Type C disease and GM1/GM2 gangliosidoses, three forms of rare lysosomal storage disorders, as well as expanding Azafaros pipeline to other indications
    • The patient benefit drives Jeito’s mission. This investment in life threatening rare genetic disorders, affecting children and young adults illustrates Jeito’s commitment to accelerate the development of high-impact treatments for patients with high unmet needs

    Paris, France, May 13, 2025 – Jeito Capital (“Jeito”), a global leading independent Private Equity fund dedicated to biopharma, announces today it is leading an oversubscribed
    EUR 132 million Series B financing round in Azafaros, a clinical-stage company focused on developing disease-modifying therapeutics to offer new treatment options to patients with rare lysosomal storage disorders.

    The financing is led by Jeito Capital, and co-led by Forbion Growth, with participation from Seroba, Pictet Group and existing investors Forbion Ventures, Schroders Capital and BioGeneration Ventures.

    Rachel Mears, Partner, and Julien Elric, Senior Principal at Jeito Capital will join Azafaros’s Board of Directors as Board members.

    Founded in 2018 and built on scientific discoveries from Leiden University and Amsterdam University Medical Center (UMC), Azafaros is led by a seasoned team of experts in rare disease drug development and commercialization. The company is developing a first-in-class dual-acting drug candidate to offer new treatment options to patients with lysosomal storage disorders, a group of severe rare genetic diseases that often cause progressive neurodegeneration and, in many cases, fatal outcomes. Its lead asset, nizubaglustat, has been awarded Orphan Drug Designation in both the US and Europe as well as Fast track status in the US.

    The financing will advance two Phase 3 programs with nizubaglustat, lead asset in Niemann-Pick disease Type C (NPC) disease and GM1/GM2 gangliosidoses as well as expanding Azafaros pipeline to other indications. The company expects to initiate both Phase 3 studies later this year.

    Dr. Rafaèle Tordjman, MD, PhD, Founder and CEO of Jeito Capital, said:
    This investment reflects Jeito’s commitment to accelerating the development of impactful therapies for patients with high unmet needs. Azafaros has the potential to develop new efficient, safe and tolerable therapeutic options for young patients suffering from progressive debilitating and even fatal rare metabolic disorders that generates very high expectations. We look forward to supporting the talented Azafaros team with our collective expertise to accelerate its pivotal clinical developments to go faster to patients.”

    Rachel Mears, Partner at Jeito Capital, added:
    “Azafaros has been impressive in its execution with nizubaglustat poised to begin Phase 3 clinical development and the potential to significantly improve the lives of NPC and GM1/GM2 patients. We are excited to support and accelerate the Azafaros team in this important next step in the Company’s clinical development journey. Leading this round further demonstrates Jeito’s commitment to making a meaningful difference in patients’ lives by pursuing much needed benefits for those suffering from rare diseases.”

    Stefano Portolano, Chief Executive Officer at Azafaros, concluded:
    “This successful Series B round marks a significant milestone for Azafaros, allowing us to accelerate the development of nizubaglustat and leverage our scientific understanding and competencies to bring additional candidates into development. The fact that we have been able to attract leading life sciences investors to join our existing strong group of specialist investors is a testament to the impressive accomplishments of the team and the large unmet medical need that currently exists for patients with these hugely debilitating neurological diseases. We look forward to bringing nizubaglustat to patients.”

    About Jeito Capital
    Jeito Capital is a global leading Private Equity fund with a patient benefit driven approach that finances and accelerates the development and growth of ground-breaking medical innovation. Jeito empowers and supports managers through its expert, integrated, multi-talented team and through the investment of significant capital to ensure the growth of companies, building market leaders in their respective therapeutic areas with accelerated patients’ access globally, especially in Europe and the United States. Jeito has built a diversified portfolio of clinical biopharmas with cutting-edge innovations addressing high unmet needs. Jeito Capital is based in Paris with a presence in Europe and the United States.
    For more information, please visit www.jeito.life or follow us on LinkedIn.

    About Azafaros

    Azafaros is a clinical-stage company founded in 2018 with a deep understanding of rare genetic disease mechanisms using compound discoveries made by scientists at Leiden University and Amsterdam UMC and is led by a team of highly experienced industry experts. Azafaros aims to build a pipeline of disease-modifying therapeutics to offer new treatment options to patients and their families. By applying its knowledge, network and courage, the Azafaros team challenges traditional development pathways to rapidly bring new drugs to the rare disease patients who need them. Azafaros is supported by Leading Healthcare investors including Jeito Capital, Forbion Growth, Seroba, Pictet Group and a syndicate of leading Dutch and Swiss existing investors including Forbion Ventures, BioGeneration Ventures (BGV), BioMedPartners, Asahi Kasei Pharma Ventures, and Schroders Capital.

    Contacts:

    Jeito Capital                                        
    Rafaèle Tordjman, Founder & CEO
    Jessica Fadel, EA
    Tel: +33 6 33 44 25 47

    Maior                                                ICR Healthcare
    Stéphanie Elbaz                                Mary-Jane Elliott / Davide Salvi / Kris Lam
    Tel: +33 6 46 05 08 07                        Jeito@icrhealthcare.com
    Tel: +44 (0) 20 3709 5700

                                                    Sean Leous
                                                    ICR Healthcare
                                                    sean.leous@icrhealthcare.com
    Tel: +1 (646) 866 4012

    The MIL Network

  • MIL-Evening Report: Physicists at the Large Hadron Collider turned lead into gold – by accident

    Source: The Conversation (Au and NZ) – By Ulrik Egede, Professor of Physics, Monash University

    Sunny Young / Unsplash

    Medieval alchemists dreamed of transmuting lead into gold. Today, we know that lead and gold are different elements, and no amount of chemistry can turn one into the other.

    But our modern knowledge tells us the basic difference between an atom of lead and an atom of gold: the lead atom contains exactly three more protons. So can we create a gold atom by simply pulling three protons out of a lead atom?

    As it turns out, we can. But it’s not easy.

    While smashing lead atoms into each other at extremely high speeds in an effort to mimic the state of the universe just after the Big Bang, physicists working on the ALICE experiment at the Large Hadron Collider in Switzerland incidentally produced small amounts of gold. Extremely small amounts, in fact: a total of some 29 trillionths of a gram.

    How to steal a proton

    Protons are found in the nucleus of an atom. How can they be pulled out?

    Well, protons have an electric charge, which means an electric field can pull or push them around. Placing an atomic nucleus in an electric field could do it.

    However, nuclei are held together by a very strong force with a very short range, imaginatively known as the strong nuclear force. This means an extremely powerful electric field is required to pull out protons – about a million times stronger than the electric fields that create lightning bolts in the atmosphere.

    The way the scientists created this field was to fire beams of lead nuclei at each other at incredibly high speeds – almost the speed of light.

    The magic of a near-miss

    When the lead nuclei have a head-on collision, the strong nuclear force comes into play and they end up getting completely destroyed. But more commonly the nuclei have a near miss, and only affect each other via the electromagnetic force.

    The strength of an electric field drops off very quickly as you move away from an object with an electric charge (such as a proton). But at very short distances, even a tiny charge can create a very strong field.

    So when one lead nucleus just grazes past another, the electric field between them is huge. The rapidly changing field between the nuclei makes them vibrate and occasionally spit out some protons. If one of them spits out exactly three protons, the lead nucleus has turned into gold.

    Counting protons

    So if you have turned a lead atom into gold, how do you know? In the ALICE experiment, they use special detectors called zero-degree calorimeters to count the protons stripped out of the lead nuclei.

    They can’t observe the gold nuclei themselves, so they only know about them indirectly.

    The ALICE scientists calculate that, while they are colliding beams of lead nuclei, they produce about 89,000 gold nuclei per second. They also observed the production of other elements: thallium, which is what you get when you take one proton from lead, as well as mercury (two protons).

    An alchemical nuisance

    Once a lead nucleus has transformed by losing protons, it is no longer on the perfect orbit that keeps it circulating inside the vacuum beam pipe of the Large Hadron Collider. In a matter of microseconds it will collide with the walls.

    This effect makes the beam less intense over time. So for scientists, the production of gold at the collider is in fact more of a nuisance than a blessing.

    However, understanding this accidental alchemy is essential for making sense of experiments – and for designing the even bigger experiments of the future.

    Ulrik Egede 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. Physicists at the Large Hadron Collider turned lead into gold – by accident – https://theconversation.com/physicists-at-the-large-hadron-collider-turned-lead-into-gold-by-accident-256478

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: Physicists at the Large Hadron Collider turned lead into gold – by accident

    Source: The Conversation – Global Perspectives – By Ulrik Egede, Professor of Physics, Monash University

    Sunny Young / Unsplash

    Medieval alchemists dreamed of transmuting lead into gold. Today, we know that lead and gold are different elements, and no amount of chemistry can turn one into the other.

    But our modern knowledge tells us the basic difference between an atom of lead and an atom of gold: the lead atom contains exactly three more protons. So can we create a gold atom by simply pulling three protons out of a lead atom?

    As it turns out, we can. But it’s not easy.

    While smashing lead atoms into each other at extremely high speeds in an effort to mimic the state of the universe just after the Big Bang, physicists working on the ALICE experiment at the Large Hadron Collider in Switzerland incidentally produced small amounts of gold. Extremely small amounts, in fact: a total of some 29 trillionths of a gram.

    How to steal a proton

    Protons are found in the nucleus of an atom. How can they be pulled out?

    Well, protons have an electric charge, which means an electric field can pull or push them around. Placing an atomic nucleus in an electric field could do it.

    However, nuclei are held together by a very strong force with a very short range, imaginatively known as the strong nuclear force. This means an extremely powerful electric field is required to pull out protons – about a million times stronger than the electric fields that create lightning bolts in the atmosphere.

    The way the scientists created this field was to fire beams of lead nuclei at each other at incredibly high speeds – almost the speed of light.

    The magic of a near-miss

    When the lead nuclei have a head-on collision, the strong nuclear force comes into play and they end up getting completely destroyed. But more commonly the nuclei have a near miss, and only affect each other via the electromagnetic force.

    The strength of an electric field drops off very quickly as you move away from an object with an electric charge (such as a proton). But at very short distances, even a tiny charge can create a very strong field.

    So when one lead nucleus just grazes past another, the electric field between them is huge. The rapidly changing field between the nuclei makes them vibrate and occasionally spit out some protons. If one of them spits out exactly three protons, the lead nucleus has turned into gold.

    Counting protons

    So if you have turned a lead atom into gold, how do you know? In the ALICE experiment, they use special detectors called zero-degree calorimeters to count the protons stripped out of the lead nuclei.

    They can’t observe the gold nuclei themselves, so they only know about them indirectly.

    The ALICE scientists calculate that, while they are colliding beams of lead nuclei, they produce about 89,000 gold nuclei per second. They also observed the production of other elements: thallium, which is what you get when you take one proton from lead, as well as mercury (two protons).

    An alchemical nuisance

    Once a lead nucleus has transformed by losing protons, it is no longer on the perfect orbit that keeps it circulating inside the vacuum beam pipe of the Large Hadron Collider. In a matter of microseconds it will collide with the walls.

    This effect makes the beam less intense over time. So for scientists, the production of gold at the collider is in fact more of a nuisance than a blessing.

    However, understanding this accidental alchemy is essential for making sense of experiments – and for designing the even bigger experiments of the future.

    Ulrik Egede 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. Physicists at the Large Hadron Collider turned lead into gold – by accident – https://theconversation.com/physicists-at-the-large-hadron-collider-turned-lead-into-gold-by-accident-256478

    MIL OSI – Global Reports

  • MIL-OSI China: China-US trade talks offer relief, reassurance to global economy

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

    A press briefing is held by the Chinese side following the China-U.S. high-level meeting on economic and trade affairs in Geneva, Switzerland, on May 11, 2025. [Photo/Xinhua]

    In the just concluded China-U.S. high-level meeting on economic and trade affairs in Switzerland, China and the United States engaged in candid, in-depth and constructive communication across multiple areas, reaching a series of important consensuses and making substantive progress.

    This marked a crucial step toward resolving differences through equal dialogue and consultation, laying the foundation and creating the conditions for further bridging gaps and deepening cooperation.

    With a combined economic output accounting for over one-third of the global total and a bilateral trade volume representing about one-fifth of global trade, China-U.S. trade ties play a pivotal role in the world economy. Amid a sluggish global recovery and heightened geopolitical tensions, the importance of keeping communication channels open between the two sides is clear. The substantive progress achieved reflect joint efforts to manage differences and find common ground in a complex global environment.

    China has always taken a consistent and constructive approach to its economic relationship with the United States, seeking to bring bilateral ties back to a stable and healthy trajectory through dialogue and consultation. Encouragingly, the United States has shown a willingness to engage in that process.

    But there is no ignoring the damage already done. Over the past month, unilateral tariffs imposed by the United States have taken a significant toll, not only on the Chinese and U.S. economies but also on the global economy. Domestically, U.S. businesses and consumers are paying more, while U.S. inflationary pressure continues to rise.

    The global impact is even more concerning. These tariffs have disrupted the stability of global industrial and supply chains and undermined the rules-based multilateral trading system. International institutions such as the IMF and the World Bank have repeatedly warned that protectionism poses a major threat to the global economic recovery. In this context, the recent round of China-U.S. talks has provided a much-needed signal of stability and certainty.

    The positive outcomes of the latest talks reaffirm that for major countries, equal and constructive dialogue — not confrontation — is the only effective way to address differences. Given the distinct national contexts and priorities, disagreements are to be expected. What matters most is that such differences are managed with mutual respect for each other’s core interests and through sustained dialogue.

    No country will surrender its legitimate development rights to unreasonable demands. It is through equal dialogue and consultation can both sides clearly state their concerns, clarify misunderstandings, and explore the root causes of friction.

    It is in the United States’ own interest to maintain a stable, sustainable and mutually beneficial economic relationship with China. Decades of mutually beneficial cooperation in trade, services and two-way investment have brought concrete gains to businesses and people on both sides. Despite recent tensions, this foundation of shared interests remains strong.

    China has consistently maintained that economic and trade disputes should be addressed through rational and respectful dialogue rather than through pressure or threats. Unilateral coercion does not resolve problems; it only heightens tensions, increases risks and undermines the long-term interests of both sides.

    The convening of the China-U.S. high-level meeting on economic and trade affairs marked a positive step forward in China-U.S. economic and trade relations, helping to lay a foundation for continued dialogue and future negotiations.

    While we are glad to see the resumption of dialogue, we are also fully prepared for the long-term, complex and arduous nature of resolving differences between the two counries.

    The two sides need to maintain the current momentum of dialogue, control differences, accumulate consensus and strengthen trust through equal consultation.

    What is more important, both sides should approach this most consequential bilateral relationship in the world with a longer-term perspective and broader vision, keeping in mind the fundamental well-being of their peoples and the bigger picture of global peace and prosperity.

    Strengthening cooperation on the basis of mutual benefit and managing differences with mutual respect is not only the responsibility of China and the United States, but also the shared expectation of the international community. 

    MIL OSI China News

  • MIL-OSI China: China remains among top investors in Germany last year: official report

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

    China continued to be one of the leading sources of foreign direct investment (FDI) in Germany last year, according to a report released on Monday by Germany Trade & Invest (GTAI), the federal agency responsible for promoting foreign investment.

    Chinese companies initiated 199 FDI projects in Germany last year, nearly matching the 200 projects recorded in 2023. The 2023 figure marked a 42-percent year-on-year increase and the highest level since 2017. Among all source countries, China ranked third, following the United States and Switzerland.

    The report noted that Germany attracted a total of 1,724 FDI projects in 2024, excluding mergers and acquisitions. This represents a slight decline from 1,759 projects in 2023 and 1,783 in 2022, highlighting the growing share of Chinese participation in Germany’s FDI landscape in recent years.

    In 2024, seven projects involved investment volumes exceeding 500 million euros (555 million U.S. dollars), including some backed by Chinese investors.

    Thomas Bozoyan, the report’s author and a GTAI expert, noted that China continues to play a pivotal role in Germany’s foreign investment profile. He emphasized that Germany has emerged as a key beneficiary of China’s expanding commercial footprint across Europe.

    Bozoyan pointed out that Chinese investment is increasingly focused on high-tech industrial sectors such as renewable energy, battery supply chains, automotive, medical technology, and robotics, with a particular emphasis on software-driven solutions within these fields.

    According to the report, Chinese companies launched 31 projects in the renewable energy sector in 2024. Roughly one-quarter of all Chinese FDI projects in Germany involved either production facilities or research and development operations.

    Bozoyan also noted that beyond Germany, China’s outbound investment has shown strong global growth, particularly accelerating after the end of the COVID-19 pandemic. (1 euro = 1.11 U.S. dollar) 

    MIL OSI China News

  • MIL-OSI United Nations: Committee on the Rights of the Child Opens Ninety-Ninth Session, Adopts New Bureau with Sopio Kiladze as Chairperson

    Source: United Nations – Geneva

    The Committee on the Rights of the Child this morning opened its ninety-ninth session, which is being held in Geneva from 12 to 30 May, during which the Committee will review reports on the efforts to adhere to the Convention on the Rights of the Child of Brazil, Indonesia, Iraq, Norway, Qatar and Romania, as well as on Brazil’s efforts to implement the Optional Protocol to the Convention on the sale of children, child prostitution and child pornography.

    In an opening statement, Andrea Ori, Chief, Groups in Focus Section, Human Rights Council and Treaty Mechanisms Division, Office of the High Commissioner for Human Rights, and Representative of the Secretary-General, said the Committee’s work was more crucial than ever.  Significant progress in children’s rights, which seemed secure until recently, was now severely disrupted.  Children worldwide were increasingly affected by a convergence of crises, including economic downturns, climate change, public health emergencies, and armed conflicts.

    Mr. Ori warned that the recent global funding crisis exacerbated the situation of children, with a daunting forecast ahead.  The United Nations Children’s Fund had projected that in 2025, at least 14 million children would experience interruptions in vital nutrition support and services due to current and anticipated funding cuts, putting them at increased risk of severe malnutrition and death.  The capacity to vaccinate over 15 million vulnerable children against measles in fragile and conflict-affected countries would also be drastically reduced.

    Considering the troubling outlook for children, Mr. Ori said, there was an urgent need for coordinated global efforts to safeguard children’s rights and ensure their well-being.  Now, more than ever, it was crucial for governments to fulfil their commitments under the Convention on the Rights of the Child.

    Mr. Ori concluded by wishing the Committee all the best for a productive session.

    During the meeting, the Committee elected a new Chair and Bureau.  Sopio Kiladze (Georgia) was elected as Chair, and Cephas Lumina (Zambia), Thuwayba Al Barwani (Oman), Philip D. Jaffe (Switzerland), and Mary Beloff (Argentina) were elected as Vice-Chairs. 

    The Committee also welcomed four new members – Timothy. P.T. Ekesa (Kenya), Mariana Ianachevici (Republic of Moldova), Juliana Scerri Ferrante (Malta), and Zeinebou Taleb Moussa (Mauritania) – and welcomed back Mr. Lumina, who previously served as a member from 2017 to 2021.   They made their solemn declaration. 

    Ms. Kiladze said it was a pleasure and honour to be elected as Chair of the Committee.  She said her election came at a difficult time in which many children around the world were affected by violations of their rights. She said it was vital that the Committee continued to work for the protection of the rights of children everywhere.

    Before adopting the session’s agenda, the Committee also heard statements from representatives of the Office of the United Nations High Commissioner for Human Rights, United Nations Children’s Fund, Child Rights Connect, and the Secretary of the Committee.

    Summaries of the public meetings of the Committee can be found here, and webcasts of the public meetings can be found here.  The programme of work of the Committee’s ninety-ninth session and other documents related to the session can be found here.

    The Committee will next meet in public at 3 p.m. this afternoon to consider the seventh periodic report of Norway (CRC/C/NOR/7).

    Statements

    ANDREA ORI, Chief, Groups in Focus Section, Human Rights Council and Treaty Mechanisms Division, Office of the High Commissioner for Human Rights, and Representative of the Secretary-General, welcomed the four new members of the Committee: Timothy Ekesa (Kenya), Mariana Ianachevici (Republic of Moldova), Juliana Scerri Ferrante (Malta), and Zeinebou Taleb Moussa (Mauritania), and the returning member Cephas Lumina (Zambia).  Each member brought valuable and diverse experiences that would greatly enhance the Committee’s work.  Additionally, he congratulated the members who had been re-elected for another term: Rinchen Chophel (Bhutan); Sopio Kiladze (Georgia); Benyam Dawit Mezmur (Ethiopia); and Benoit Van Keirsbilck (Belgium).

    The Committee’s work was more crucial than ever.  Significant progress in children’s rights, particularly in health and education, which seemed secure until recently, was now severely disrupted.  Children worldwide were increasingly affected by a convergence of crises, including economic downturns, climate change, public health emergencies, and armed conflicts.  The recent global funding crisis exacerbated their situation, with a daunting forecast ahead. 

    The United Nations Children’s Fund had projected that in 2025, at least 14 million children would experience interruptions in vital nutrition support and services due to current and anticipated funding cuts, putting them at increased risk of severe malnutrition and death.  The capacity to vaccinate over 15 million vulnerable children against measles in fragile and conflict-affected countries would be drastically reduced.  Immunisation services, disease surveillance, and outbreak responses in nearly 50 countries were already facing disruptions.

    Mr. Ori said, quoting the High Commissioner for Human Rights, “human rights are like air: we need them to live— but we only notice them when we are suffocating.”  Today, countless children worldwide were suffocating as their rights were denied and overlooked.  Considering the troubling outlook for children, there was an urgent need for coordinated global efforts to safeguard their rights and ensure their well-being. Now, more than ever, it was crucial for governments to fulfil their commitments under the Convention on the Rights of the Child.

    The global funding crisis was also affecting the Committee’s work directly.  Its pre-sessional working group, scheduled to be held after this session, was cancelled as funding was not available.  Altogether, 15 sessions across 10 treaty bodies were at stake, and it was highly likely that, for those treaty bodies with three sessions, the Office of the High Commissioner would not be able to secure the funding to hold the third session.  The lack of predictability and the piecemeal approach with last-minute confirmation created huge uncertainty, led to wasted time and effort, and higher costs.

    The Office of the High Commissioner had received only 73 per cent of its approved regular budget in 2025, and 87 per cent of its approved regular budget in 2024.  As a result, the United Nations Secretariat was implementing a hiring freeze until August 2025.  This would impact on regular budget posts approved to support the treaty body system, which currently could not be filled.  The Secretariat was in a similar situation last year, and this had led to increased backlogs in reviewing State party reports and backlogs in registering and analysing individual communications.

    The United Nations Office at Geneva’s conference services had also adopted cash conservation measures, which would impact on the conference support provided to the United Nations human rights treaty bodies, particularly in terms of documentation, meeting time, and interpretation, with an overall reduction of 10 per cent.  This meant treaty bodies’ mandated activities would be even more affected in 2025 than in 2024, impacting their ability to have dialogues with States parties and to make decisions on individual communications, resulting in further delays and backlogs.  The Office was also forced to significantly reduce treaty body capacity building activities, which provided support for States to report to, and interact with, treaty bodies.

    All this caused real damage to predictability, which was so important for States, civil society organizations and rights-holders to engage with treaty bodies.  Given the overall reduction in funds and availability of support services, “business as usual” would no longer be possible and the treaty bodies needed to plan on doing less with less.

    On a more positive note, the annual meeting of Chairpersons of human rights treaty bodies would be held in Geneva from 2 to 6 June.  The Chairs would dedicate the meeting to the liquidity crisis, which was affecting the very existence of treaty bodies if they could no longer fulfil their mandates, and to discuss what could be done to increase predictability within the current financial and human constraints, including reviewing the decisions and recommendations from their last meeting and their working methods.

    The 2025 full-day meeting on the rights of the child at the Human Rights Council on 13 March, which focused on early childhood development, featured speeches by children and an informal dialogue on the topic between a group of young people, Member States and the High Commissioner.

    The first session of the Open Ended Inter-Governmental Working Group on an Optional Protocol to the Convention on education would be held from 1 to 5 September in Geneva.  The Office was working closely with the sponsors of the resolution to establish the modalities for the process leading up to the first session of the Inter-Governmental Working Group and its programme of work. A call for submissions was issued in March for the attention of States, civil society, United Nations agencies and children, for whom a toolkit for consultations had been prepared.

    In conclusion, Mr. Ori wished the Committee all the best for a productive session, saying that he looked forward to working with the new Chair and Bureau of the Committee for the next two years.

    SOPIO KILADZE, newly elected Committee Chair, said it was a pleasure and honour to be elected as Chair of the Committee.  She said her election came at a difficult time in which many children around the world were affected by violations of their rights.  It was vital that the Committee continued to work for the protection of the rights of children everywhere.

    Regarding the session’s agenda, Ms. Kiladze said that the Committee would hold dialogues to consider the reports of six States parties: Brazil, Indonesia, Iraq, Norway, Qatar and Romania.  The scheduled review of Pakistan was postponed to a later session at the request of the State party.

    During the session, the Committee would continue its discussions on how its cooperation with various relevant bodies could be further strengthened to enhance the promotion and protection of the rights of the child.  It would also discuss the organisation of its future work and consideration of States parties’ reports, focusing on issues related to its methods of work and follow-up to the treaty body strengthening process.

    In addition, the Committee would consider any communication and information it had received through its communication procedure and would continue to consider how to integrate days of general discussion into the process of developing general comments.  The Committee would also continue its work on its new general comment on children’s right to access to justice and to an effective remedy.

    ALLEGRA FRANCHETTI, Secretary of the Committee, said that no reports had been received under the Convention since the last session, with the total number of reports pending consideration remaining at 62.  The total number of ratifications of the Convention remained at 196, while 64 periodic reports were overdue, of which 10 for more than five years and five for more than 10 years.

    There had been one new accession to an Optional Protocol to the Convention since the last session, with Estonia acceding to the Optional Protocol on a communications procedure.  The total number of ratifications of the Optional Protocol to the Convention on the involvement of children in armed conflict remained at 173, while ratifications of the Optional Protocol to the Convention on the sale of children, child prostitution and child pornography remained at 178, and ratifications of the Optional Protocol to the Convention on a communications procedure was now at 53. 

    No new reports had been received under any of the Optional Protocols.  There were 37 initial reports overdue under the Optional Protocol on the involvement of children in armed conflict; and 47 overdue under the Optional Protocol on the sale of children, child prostitution and child pornography.

    Statements by United Nations Bodies and Civil Society Representatives

    Office of the United Nations High Commissioner for Human Rights said the current global political and financial environment was difficult and complex.

    The Office introduced reports to be presented at the upcoming June session of the Human Rights Council related to children’s rights, including the second report of the High Commissioner on child rights mainstreaming, a report on the use of digital technologies to achieve universal birth registration, and a report on ensuring quality education for children.

    The Office was also preparing a report on the rights of the child and violations of the human rights of children in armed conflicts, which would be presented at the September session of the Human Rights Council, and a report on the safety of the child in the digital environment, which would be presented at the Council in 2026. 

    In addition, the Office had held a capacity-building roundtable with Member States on 5 June on strengthening child participation at the Human Rights Council, and it continued to contribute to the civil society and academia-led process to develop global guidelines on child participation in global events, helping to convene two participatory surveys that had reached over 200 children worldwide.

    The Office encouraged Committee members and other parties to participate in the Fifth World Conference on Justice for Children, to be held in Spain for 2 to 4 June.  The Office would work with the Committee to protect children’s rights in this difficult time.

    United Nations Children’s Fund commended the work of the Committee’s outgoing bureau and expressed its desire to work with the new Bureau and all Committee Experts.  Perhaps more than ever, the Committee was meeting at a time of great constraint for the international human rights system.  It was regrettable that the pre-sessional working group was cancelled. The Fund was discussing with the Committee regarding alternative means of engaging with children and civil society from the countries concerned in preparation for the next session.

    Armed conflicts, climate change, poverty, violence and inequalities, among other trends, continued to deprive millions of children of their rights, and the mere recognition that children had rights continued to be challenged in all parts of the world.  There was a normative pushback against children’s rights at the last Human Rights Council.  Most statements focused exclusively on children’s vulnerability and their right to protection, and did not highlight children’s agency, empowerment and participation.  In negotiations on a resolution on child rights defenders, there was much resistance to attempts to recognise their contributions.

    The Fund had held consultations with more than 7,000 children related to the Committee’s general comment 27 on children’s right to access to justice and to an effective remedy and had worked to develop a child-friendly version of the draft general comment. 

    The Fund had also worked on a child rights training course for its staff and had updated its handbook on the jurisprudence of the Committee.  Later in the year, the Fund would start to develop guidance on general measures of implementation, following the online guidance on children’s rights legislative reform launched last year.

    Child Rights Connect expressed its renewed commitment to supporting the Committee.  It welcomed the holding of the session, despite uncertainty due to the United Nations’ liquidity crisis, and requested the Committee to discuss the organisation of its future work, including how and when it would engage with children and civil society.

    Child Rights Connect raised deep concern about the impact on children of the funding crisis affecting the child rights sector.  Despite these circumstances, it continued to collaborate with stakeholders and carry out its mandate.  It welcomed the development of general comment 27, and had mobilised children and civil society around it, producing a methodology for consulting with children along with supporting child-friendly materials.  It had also recently launched a global survey on the digital protection of child human rights defenders, which collected the opinions and experiences of children who had stood up to protect human rights in the digital space.

    At a time when manifold crises affected children of the world, all persons holding mandates for children needed to strengthen joint efforts and find new ways of working with creativity to better serve children.

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CRC25.009E

    MIL OSI United Nations News

  • MIL-OSI: OilXCoin Begins Capital Raise on Republic.com 

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, May 12, 2025 (GLOBE NEWSWIRE) — OilXCoin, the evolutionary digital asset grounded in real-world value, is proud to announce it will launch a Reg D capital raise through Republic, one of the industry’s leading platforms for compliant investment offerings. This milestone reaffirms the company’s commitment to transparency, investor protection, and broad market accessibility.

    Having secured regulatory approval for OilXCoin’s prospectus from the Financial Market Authority (FMA) in Liechtenstein, along with passporting rights across the European Economic Area (EEA), OilXCoin continues to raise the bar in real-world asset (RWA) tokenization

    By partnering with Republic, OilXCoin expands its reach across both traditional and crypto-native capital markets through a platform widely recognized for its credibility with global investor communities.

    “Partnering with Republic aligns well with our goal of delivering an asset-backed token to qualified investors as we position OilXCoin for its market entry.” said Dave Rademacher, Co-Founder of OilXCoin. “The platform is trusted by investors and has a track record of facilitating compliant, high-quality investment opportunities.” 

    OilXCoin offers investors exposure to natural gas and oil reserves and their upstream value chains. With a capped token supply and a dual revenue model that includes both natural gas & oil revenues and transaction activity within the blockchain ecosystem, OilXCoin is designed to be a resilient and scalable investment opportunity.

    This public raise builds on early momentum, with more than USD $1.7 million already secured through private placements and restricted securities sales, now providing an opportunity for accredited investors in the United States under Reg D to participate.

    “We believe OilXCoin offers something fundamentally different,” said Glenn McColpin, Head of Oil & Gas at OilXCoin. “By combining real asset backing with blockchain infrastructure – and now launching on platforms like Republic – we’re creating a new way for oil and gas reserves to be financed by investors.”

    With the tokenized asset market projected to grow exponentially, OilXCoin is well-positioned to lead in a space where demand for compliant, real-world asset exposure continues to rise.

    Follow along at x.com/oilxcoin and linkedin.com/oilxcoin to stay updated and be part of this new wave in digital, asset-backed investment.

    -ENDS-

    About OilXCoin:

    OilXCoin is a digital asset that combines the resilience of tangible real-world assets, specifically oil & gas (O&G) and their upstream value chains, with the innovation of blockchain technology, providing investors with a unique opportunity to access both the traditional O&G sector and the dynamic cryptocurrency markets.

    The token is a perpetual debt instrument that gives investors exposure to O&G assets of DeXentra GmbH. Upon a termination of the OilXCoin, holders will have a claim to a share of the (actual or estimated) net proceeds from the disposal of DeXentra GmbH’s O&G assets. The OilXCoin provides no fixed yield. The OilXCoin is issued in the form of ledger-based securities under Swiss law.

    Disclosure: Here

    Investor Notice:

    OilXCoin tokens are available solely to residents of select EEA jurisdictions* and Switzerland. U.S. persons may acquire tokens under Regulation D 506(c). Visit oilxcoin.io for further details and to view or request a copy of the prospectus for the OilXCoin.

    The information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment or other advice of any kind, and shall not constitute or imply any offer to purchase, sell, or hold any security or to enter into or engage in any type of transaction. Any such offers will only be made pursuant to formal offering materials containing full details regarding risks, minimum investment, fees, and expenses of such transaction. 

    The tokens offered hereby may be deemed to be securities under U.S. securities laws, and will be sold in the United States only to persons that qualify as “accredited investors” under an exemption provided by Rule 506(c) of Regulation D. The tokens will be subject to transfer restrictions and any U.S. investor should not assume that the tokens can be resold immediately. Neither the Securities and Exchange Commission nor any other regulatory agency has passed upon the merits of or has given its approval to the tokens, the terms of the offering, or the accuracy or completeness of any offering materials.

    *Austria, Belgium, Cyprus, Czech Republic, Denmark, France, Germany, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Spain and Sweden.

    Contact:

    Aroma Kumar
    Account Manager
    aroma@lunapr.io
    www.lunapr.io

    Media Notice:

    The information contained in this press release is intended solely for dissemination by media outlets to their affiliates located in the following jurisdictions: Austria, Belgium, Cyprus, Czech Republic, Denmark, France, Germany, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland, and the United States of America.

    Distribution or sharing of the contents herein outside of these specified jurisdictions is strictly prohibited. Media outlets receiving this communication are responsible for ensuring compliance with this restriction and must exercise due diligence in disseminating information accordingly.

    The MIL Network

  • MIL-OSI Asia-Pac: Swiss delegation begins China visit in Hong Kong to deepen digital innovation ties (with photos)

    Source: Hong Kong Government special administrative region

    Swiss delegation begins China visit in Hong Kong to deepen digital innovation ties  
         The delegation’s first stop in Hong Kong featured a thematic seminar titled “Hong Kong – Gateway to China and Asia” organised by Alliance Digital Security Switzerland ADSS, focusing on digital transformation in the age of AI, cybersecurity, and cross-border investment. The event was officiated by representatives from both Swiss and Hong Kong governments and business communities, including the Consul-General of Switzerland in Hong Kong, the Alliance Digital Security Switzerland ADSS, and the Swiss Chamber of Commerce in Hong Kong.
     
         In his opening address, the Acting Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Mr Arnold Lau, highlighted Hong Kong’s strategic advantages as a launchpad for global tech companies.
     
         “Switzerland is one of Hong Kong’s most promising partners in Europe. Its strengths in life sciences, deep tech, fintech, education, and creative industries align closely with Hong Kong’s innovation priorities,” he remarked. “Hong Kong is embracing new opportunities for international business, driven by robust digital and regulatory advancements. The recent passage of a new cybersecurity law strengthens the protection of critical infrastructure, giving companies greater confidence to operate in a secure environment. Additionally, the launch of the GBA Standard Contract for cross-boundary data flow enables businesses to transfer personal data safely and efficiently within the Greater Bay Area, promoting seamless collaboration and digital service delivery across borders. These developments position Hong Kong as a trusted, future-ready hub for digital innovation, offering tremendous opportunities for Swiss and global companies.”
     
         The President of the Alliance Digital Security Switzerland ADSS and member of the Foreign Affairs Committee of the Swiss Parliament, Mr Franz Grüter, said, “We are in Hong Kong not only to showcase Switzerland’s excellence in digital innovation, cybersecurity, and education, but more importantly, to establish robust and sustainable partnerships. As a bridge between international markets and Mainland China, Hong Kong holds immense strategic value for Swiss businesses. Our collaboration will drive shared growth in the digital economy.”
     
         The Deputy Commissioner (Digital Infrastructure) at the Digital Policy Office (DPO), Mr Daniel Cheung, shared Hong Kong’s digital policies and strategies on digital infrastructure and AI ecosystem development during his keynote address. He said, “In the digital age, governance models must evolve in tandem. As a global digital hub, Hong Kong is making advances not only in technology but also in policy innovation. We are actively promoting data interoperability, process re-engineering, and the adoption of AI and other cutting-edge technologies to deliver more efficient and user-friendly digital services.”
     
         The seminar also featured a panel discussion moderated by the Head of Information and Communications Technology at InvestHK, Miss Wendy Chow. Experts from Thales, Swire Coca-Cola, and the Hong Kong-Shenzhen Innovation and Technology Park explored cybersecurity challenges in the era of artificial intelligence.
         ???
         InvestHK will continue to collaborate closely with the Consulate General of Switzerland in Hong Kong, the Swiss Chamber of Commerce in Hong Kong, and Swiss enterprises to support their business establishment and expansion in the region. It will also strengthen partnerships with the DPO, the Hong Kong-Shenzhen Innovation and Technology Park, and other departments to drive the development of the local innovation and technology ecosystem. Through cross-sector and interdepartmental co-operation and continuously strengthening international exchange and collaboration, InvestHK is committed to enhancing enterprise support, promoting technology adoption, and reinforcing the city’s status as a leading international innovation hub and smart city.
    Issued at HKT 19:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States

    Source: The White House

    SECURING ANOTHER HISTORIC DEAL: Today, on the heels of the brand-new deal with the United Kingdom, President Donald J. Trump reached an agreement with China to reduce China’s tariffs and eliminate retaliation, retain a U.S. baseline tariff on China, and set a path for future discussions to open market access for American exports.

    • Today, the United States issued the first joint statement on trade in many years with China after successful negotiations over the weekend in Geneva, Switzerland.
    • Both parties affirmed the importance of the critical bilateral economic and trade relationship between both countries and the global economy.
    • For too long, unfair trade practices and America’s massive trade deficit with China have fueled the offshoring of American jobs and the decline of our manufacturing sector.
    • In reaching an agreement, the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff. Other U.S. measures will remain in place.
    • Both sides will take these actions by May 14, 2025.
    • This trade deal is a win for the United States, demonstrating President Trump’s unparalleled expertise in securing deals that benefit the American people.

    CHINESE ACTIONS: China will remove the retaliatory tariffs it announced since April 4, 2025, and will also suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.

    • China will also suspend its initial 34% tariff on the United States it announced on April 4, 2025 for 90 days, but will retain a 10% tariff during the period of the pause.

    AMERICAN ACTIONS: The United States will remove the additional tariffs it imposed on China on April 8 and April 9, 2025, but will retain all duties imposed on China prior to April 2, 2025, including Section 301 tariffs, Section 232 tariffs, tariffs imposed in response to the fentanyl national emergency invoked pursuant to the International Emergency Economic Powers Act, and Most Favored Nation tariffs. 

    • The United States will suspend its 34% reciprocal tariff imposed on April 2, 2025 for 90 days, but retain a 10% tariff during the period of the pause.
    • The 10% tariff continues to set a fair baseline that encourages domestic production, strengthens our supply chains and ensures that American trade policy supports American workers first, instead of undercutting them.
    • By imposing reciprocal tariffs, President Trump is ensuring our trade policy works for the American economy, addresses our national emergency brought on by our growing and persistent trade deficit, and levels the playing field for American workers and producers.
    • Unlike previous administrations, President Trump took a tough, uncompromising stance on China to protect American interests and stop unfair trade practices.

    WORKING TOWARDS A REBALANCING: When these changes come into effect, both nations agreed to establish a mechanism to continue important discussions about trade and economics.

    • The U.S. goods trade deficit with China was $295.4 billion in 2024—the largest with any trading partner.
    • Today’s agreement works toward addressing these imbalances to deliver real, lasting benefits to American workers, famers, and businesses.
    • As our nations continue these discussions, China will be represented by He Lifeng, Vice Premier of the State Council.
    • The United States will be represented by Scott Bessent, Secretary of the Treasury, and Jamieson Greer, United States Trade Representative.

    ADDRESSING THE FENTANYL CRISIS: The United States and China will take aggressive actions to stem the flow of fentanyl and other precursors from China to illicit drug producers in North America.

    MIL OSI USA News

  • MIL-OSI: 21Shares Spotlights Solana’s Breakout Year in New “State of Crypto” Report

    Source: GlobeNewswire (MIL-OSI)

    New report explores Solana’s rise as the infrastructure layer of next-gen finance

    Zurich, 12 May 2025 – 21Shares, one of the world’s largest issuers of cryptocurrency exchange-traded products (ETPs), today announced the release of the 14th edition of its flagship research series, State of Crypto, featuring an in-depth spotlight on Solana.

    With ultra-high speed, near-zero fees, and a rapidly expanding ecosystem, Solana has emerged as a leading blockchain powering everything from cross-border payments to AI and decentralised physical infrastructure. The new report explores Solana’s evolution into a real-world financial layer, and why it is fast becoming the blockchain of choice for both developers and institutions.

    “Solana is redefining what’s possible with blockchain technology,” said Adrian Fritz, Head of Research at 21Shares. “It combines performance, usability, and scale in a way few networks can match. In this report, we unpack the numbers, the tech, and the trends behind Solana’s rise, and what that means for investors.”

    The report includes:

    • A detailed comparison between Solana and leading competitors such as Ethereum, Sui, and TON.
    • In-depth sector analyses of Solana’s growing ecosystem, including DePIN, AI agents, DeFi innovation, and the memecoin phenomenon.
    • A comprehensive valuation framework to evaluate whether Solana is currently undervalued relative to its peers.
    • Insights into Solana’s role within a diversified crypto portfolio and how it can enhance broader asset allocation strategies.

    Solana now processes over 3,000 transactions per second with transaction fees consistently below $0.01. During peak activity in January, it surpassed $364 billion in on-chain volume, matching the throughput of Nasdaq over the same period. With major integrations from Visa, Shopify, and PayPal, along with emerging innovations like Solana Blinks and the Saga smartphone, Solana is rapidly positioning itself as the foundational infrastructure layer for the next generation of the internet.

    21Shares offers the 21Shares Solana Core Staking ETP (ticker: CSOL), an exchange-traded product that allows investors to gain exposure to Solana without directly holding the asset. CSOL has a management fee of 0.35%, is 100% physically backed, and also benefits from staking rewards, which are seamlessly generated by adding the yield to the investor’s coin entitlement. 

    For more details about the 21Shares Solana Core Staking ETP, including the factsheet, please click here

    The report is available for download here.

    About 21Shares

    21Shares is one of the world’s leading cryptocurrency exchange traded product providers and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialised research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.

    21Shares is a member of 21.co, a global leader in decentralised finance. For more information, please visit www.21Shares.com

    Contact: matteo.valli@21shares.com

    DISCLAIMER

    This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.

    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.

    This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.

    Within the United Kingdom, this document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iii) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Exclusively for potential investors in any EEA Member State that has implemented the Prospectus Regulation (EU) 2017/1129 the Issuer’s Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com.

    The approval of the Issuer’s Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the Issuer’s Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.

    This document constitutes advertisement within the meaning of the Prospectus Regulation (EU) 2017/1129 and the Swiss Financial Services Act (the “FinSA”) and not a prospectus. The 2024 Base Prospectus of 21Shares AG has been deposited pursuant to article 54(2) FinSA with BX Swiss AG in its function as Swiss prospectus review body within the meaning of article 52 FinSA. The 2024 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectus or https://21shares.com/ir/kids).

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    The MIL Network

  • MIL-OSI USA: Congressman Kustoff Introduces Holocaust Insurance Accountability Act

    Source: United States House of Representatives – Representative David Kustoff (TN-08)

    WASHINGTON, D.C. — Today, Reps. David Kustoff (R-TN) and Debbie Wasserman Schultz (D-FL) introduced the Holocaust Insurance Accountability Act in the House of Representatives. This bipartisan legislation would allow beneficiaries of Holocaust-era insurance policies to bring civil action in U.S. district courts against the insurer for the covered policy to recover proceeds due or otherwise enforce any rights under the policy. 

    “On Holocaust Remembrance Day, we remember the 6 million Jews and millions of others who lost their lives at the hands of the evil Nazi regime,” said Congressman Kustoff. “As we reflect on that dark time in our history, we must do all we can to ensure the surviving victims and their families have the support they need. I am proud to introduce the Holocaust Insurance Accountability Act to help beneficiaries of Holocaust-era insurance policies work to recover these unpaid claims. May we never forget the atrocities that occurred during the Holocaust and work to give victims the care they rightfully deserve.” 

    Background:
    The Holocaust Insurance Accountability Act allows a beneficiary (or an heir of a beneficiary) of certain insurance policies in effect during the Holocaust to sue in U.S. district court to enforce rights under such policies. 

    • An insurance policy covered under this bill must have been (1) in effect at any time between January 31, 1933, and December 31, 1945, and (2) issued to a policyholder domiciled in Nazi-controlled territory or Switzerland.
    • A court shall award to a prevailing beneficiary (1) the amount due under a policy, (2) prejudgment interest of 6% a year, (3) attorney’s fees and costs, and (4) treble damages if the insurer acted in bad faith.
    • An action under this bill or state law related to a covered insurance policy shall be considered timely if filed within 10 years of this bill’s enactment.
    • Judgments and agreements entered before this bill’s enactment shall not preclude a claim brought under the bill, with certain exceptions. Neither executive agreements between the United States and a foreign government nor U.S. executive foreign policies shall (1) affect or preclude claims brought under this bill, or (2) supersede or preempt any state laws relating to insurance policies covered by this bill.

    Click here for the full text of the bill. 
     

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    MIL OSI USA News

  • Bulls Take Charge: Sensex, Nifty Rally Sharply After Successful ‘Operation Sindoor’

    Source: Government of India (4)

    The domestic indices surged on Monday with Sensex jumping over 1,900 points in the morning trade, as India-Pakistan tensions eased with ‘Operation Sindoor’ marking a significant demonstration of India’s military and strategic prowess.

    Buying was seen in the PSU bank, IT and auto sectors in the early trade.

    At around 9.34 am, Sensex was trading 1,943 points or 2.45 per cent up at 81,398.42 while the Nifty climbed 598.8 point or 2.49 per cent at 24,606.85.

    Nifty Bank was up 1,395.95 points or 2.60 per cent at 54,991.20. The Nifty Midcap 100 index was trading at 54,679.55 after rising 1,456.20 points or 2.74 per cent. Nifty Smallcap 100 index was at 16,584.60 after climbing 498.95 points or 3.10 per cent.

    According to analysts, India’s markets and economy have demonstrated remarkable resilience, consistently transcending external perturbations and geo-political tensions. This strength comes from a steady, domestically-oriented economy, which helps protect against global troubles, showing that every crisis eventually ends.

    “India’s efforts to negotiate trade deals will strengthen global business links and help it sell more worldwide, bringing in steady foreign money and making it more competitive. Along with balanced global relationships and strong partnerships, this creates a relatively stable investment place,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

    Major indexes finished the last week narrowly mixed. The trade deal announcement between US and UK and reports that U.S. and Chinese officials meeting in Switzerland on the weekend for trade discussions, paved the way for broader negotiations and tariff de-escalation, supported investor sentiment, said experts.

    Meanwhile, in the Sensex pack, Adani Ports, Bajaj Finance, Axis Bank, Eternal, Power Grid, NTPC, Bajaj Finserv, Tata Steel, L&T, SBI were the top gainers. Whereas, only Sun Pharma was the top loser.

    In the Asian markets, China, Hong Kong and Seoul were trading in green, whereas, Japan was trading in red.

    In the last trading session on Friday, Dow Jones in the US declined 0.29 per cent to close at 41,249.38. The S&P 500 declined 0.07 per cent to 5,659.91and the Nasdaq closed at 17,928.92 .

    On the institutional front, foreign institutional investors (FIIs), after being net buyers for 16 consecutive sessions, turned net sellers on May 9, offloading equities worth Rs 3,798.71 crore. In contrast, domestic Institutional Investors (DIIs) remained net buyers, investing Rs 7,277.74 crore on the same day.

    (IANS)

  • MIL-OSI: 27/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 27 / 2025
    Schindellegi, Switzerland – 12 May 2025


    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

    Date      Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 74,679 85.74 6,403,060
    5 May 2025 1,500 90.12 135,180
    6 May 2025 1,297 92.45 119,908
    7 May 2025 1,700 91.34 155,278
    8 May 2025 1,600 92.65 148,240
    9 May 2025 1,398 92.27 128,993
    Accumulated 82,174 86.29 7,090,659

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 82,174 at a total amount of DKK 7,090,659. On 25 March and on 25 April 2025, 2,929 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 315,631 treasury shares, corresponding to 1.6%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,429,268.

    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering and global technology partner, empowering enterprise and public sector customers with innovative digital solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Trifork Group AG is publicly listed on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network

  • MIL-OSI USA: ICYMI—Hagerty Joins Sunday Morning Futures on Fox News to Discuss Trade Negotiations, Debt Ceiling, Spending Cuts

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    NASHVILLE, TN—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, joined Sunday Morning Futures on Fox News to discuss President Donald Trump’s ongoing trade negotiations, what to do about the debt ceiling, and the efforts to cut spending in the federal government via budget reconciliation.

    *Click the photo above or here to watch*
    Partial Transcript
    Hagerty on the trade negotiations with China: “I worked on trade deals extensively. Not only the two trade deals we did with the U.S. and Japan, but also with the team that negotiated the phase one China trade deal, which China did not abide by. David’s right. I’m so glad he’s going to his post now. He’s going to be a great ambassador representing the America’s interest with China. What’s happening in Switzerland right now, I’m very excited about. I think there’s great potential there. It has to get resolved. And with ambassadors or leaders like David in the field, I think we’re going to have every opportunity then to hold China to account, because that’s going to be a critical aspect of this. They have not followed through on their prior agreements with us. We need to make certain that what we strike with them today, what we strike over the weekend and in the days to come, is something that we can ascertain, we can hold them accountable to, and that we can verify.”
    Hagerty on the debt ceiling: “I have a lot [of] faith in President Trump’s ability to get long-term effect achieved here. You’ve seen the DOGE effort. There’s a massive deregulation thrust underway. Every conversation is about efficiency, cutting costs, getting more for less. It’s going to take President Trump a little bit of time, though. You know how much stimulus was unleased into this economy. We’ve got to give President Trump the headroom to sort this out. And so, President Trump has asked for an extension of the debt ceiling. I’m more than inclined to grant him what he needs to give him the time and the runway to actually get our economy to a far better place, a much more efficient and effective place. At the same time, shoring up some of the problems that have been left to us by this Biden administration. That’s been outgoing.”
    Hagerty on the need to cut wasteful, fraudulent, and abusive spending in the federal government: “From my standpoint, and certainly having been a senator who served on the executive branch in the State Department and have seen the actual dispensation of this foreign aid, there’s a tremendous amount of opportunity to clean this up. And I think if I talk to my constituents here in Tennessee, they’ve been very clear to me. We need to be fixated on and focused on America right now, shoring up what’s wrong here, rather than sending our aid dollars overseas. And when you looked at some of the specifics of where our aid dollars were going, it was absolutely disgraceful. This organization has run amok. I applaud Secretary of State [Marco] Rubio for getting his arms around this, for taking control of it. And we certainly do need to start cutting back. We need to cut back there. We need many other places where President Trump is fixated. Again, he needs a little bit of headroom to get that done. I’m willing to support that. But this is exactly the type of thing that the American public expects to see from us […] I think as more information comes out and more of my colleagues see the abject waste that has gone on in places like USAID, I think it’s going to become easier and easier for them to realize and get their arms around cutting some of these programs. Now granted, these programs have constituencies that are very vocal in Washington. They’ve been lobbying very hard. But again, transparency will make a big difference for my colleagues. I certainly hope to see even more of it. I think that’ll make it a lot easier to get to where we need to be. That takes time.”
    Hagerty on Japan’s opportunity for a trade deal: “Japan certainly has the opportunity to be next. They’re the third largest economy in the world. They have every incentive to step up and take part in what I think will be a transformative situation across the globe. Japan could be a real leader here if you think about their opportunity to join us from an economic standpoint, from a national security standpoint, again, our largest presence in Indo-Pacific region is our partnership with Japan. We have more U.S. Military station there than anywhere else in the region. Again, I can’t put myself in their shoes.”
    Hagerty on the India-Pakistan conflict: “That’s a top shelf issue. When you see two nuclear powers like Pakistan and India going at it, it’s top concern. That’s why President Trump was immediately on it. JD Vance stepped up in a remarkably admirable way to leverage his personal relationship with [Prime Minister] Modi. I’ve seen President Trump and Modi together. They have a great personal relationship, but it’s these relationships and also the gravity of the situation that, I think, has helped bring this to a quick resolve. I only wish [former President] Joe Biden had used his political capital to do the same thing with Ukraine and Russia.”
    Hagerty on the need for major spending cuts in the reconciliation package: “The Senate is actually talking more like two trillion in cuts. We’re very focused on it. The reason the threshold is lower in the Senate is because there’s certain rules there that you can’t exceed or you can’t fall below. Again, we’re leaving ourselves leeway to get it done, but every one of my colleagues that I’ve spoken with wants to see an even greater number of cuts in this package.”

    MIL OSI USA News

  • MIL-OSI China: Chinese vice premier says meeting with US in-depth, candid and constructive

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

    A press briefing is held by the Chinese side following the China-U.S. high-level meeting on economic and trade affairs in Geneva, Switzerland, on May 11, 2025. Chinese Vice Premier He Lifeng, the Chinese lead person for China-U.S. economic and trade affairs, said here on Sunday that the meeting was in-depth, candid and constructive. The senior Chinese official said the two sides have reached a series of major consensuses, adding that China and the United States have also agreed to establish an economic and trade consultation mechanism. [Photo/Xinhua]

    Chinese Vice Premier He Lifeng said in Geneva on Sunday that the China-U.S. high-level meeting on economic and trade affairs were in-depth, candid and constructive.

    He, the Chinese lead person for China-U.S. economic and trade affairs, made the remarks when briefing the press following the high-level meeting with the U.S. side.

    The senior Chinese official said the two sides have reached a series of major consensuses, adding that China and the United States have also agreed to establish an economic and trade consultation mechanism.

    China and the United States, He said, will finalize relevant details as soon as possible and release on Monday a joint statement reached during the talks.

    He noted that under the current circumstances, the meeting was closely watched by the international community.

    Through joint efforts of both sides, the talks were fruitful, said He, adding that it is an important step towards resolving differences through equal dialogue and consultation, and has laid the foundation and created conditions for further bridging differences and deepening cooperation.

    Economic and trade relations between China and the United States are not only of great significance to the two countries but also have an important impact on the stability and development of the global economy, said He.

    China is ready to work with the United States to actively implement the consensus reached by the two heads of state during their phone call on Jan. 17, He added.

    He also called on the two sides to follow a practical attitude for solving problems, carry out candid dialogues and equal consultations, manage differences, explore cooperation potential, extend the list of cooperation list, and make the pie of cooperation bigger, so as to push for new development in China-U.S. economic and trade relations, and inject more certainty and stability into the world economy. 

    MIL OSI China News

  • MIL-OSI USA: Schakowsky Introduces Legislation to Ensure Access to Affordable Prescription Drugs

    Source: United States House of Representatives – Congresswoman Jan Schakowsky (9th District of Illinois)

    Full Text of Bill (PDF)

    WASHINGTON – Today, U.S. Representative Jan Schakowsky (IL-09) introduced the Affordable and Safe Prescription Drug Importation Act to help put an end to Big Pharma’s greed and ensure that American patients can access prescription drugs at fair prices.

    Right now, some brand-name drug prices are over four times higher in the U.S. than in other countries. As a result, the U.S. makes up for more of Big Pharma’s profits than the rest of the world combined. This legislation will amend the Federal Food, Drug, and Cosmetic Act to allow American wholesalers, pharmacies, and individuals to import affordable and safe drugs from Canada, the United Kingdom, the European Union, and Switzerland.

    “Thanks to the passage of the Inflation Reduction Act, millions of Medicare beneficiaries are seeing prescription drug costs lowered. While this is a historic achievement, more must be done to ensure that all Americans have access to affordable medications,” said Congresswoman Jan Schakowsky. “That is why I am proud to introduce the Affordable and Safe Prescription Drug Importation Act, which would allow for the importation of affordable and safe drugs to the U.S. from Canada, the United Kingdom, the European Union, and Switzerland, to ensure that every day Americans can get the prescriptions they need at a reasonable cost. There is no reason that Americans should be paying double, sometimes even triple the cost for the same drugs. It is time for Big Pharma’s price gouging to come to an end and for U.S. patients to have access to the same fair drug pricing as the rest of the developed world.”

    “The right to buy lower-cost prescription drugs from licensed pharmacies in other countries, in particular from Canada, is critical for millions of Americans on fixed incomes. It’s a proven money-saving pathway that has been used safely for more than 20 years,” said Ken Hunter, Executive Director of the Campaign for Personal Prescription Importation (CPPI). “In fact, CPPI’s most recent national survey shows Americans have an average annual savings of $4,920 per year by importing prescription medications from Canada, compared to U.S. costs, Rep. Schakowsky’s “Affordable and Safe Prescription Drug Importation Act” will preserve these rights. Prescription importation from licensed Canadian pharmacies works, is safe, and is a proven pathway for Americans to obtain their necessary, lower-cost, prescription medicines.”

    “Social Security Works thanks Rep. Schakowsky, one of the foremost champions for seniors and people with disabilities in Congress, for introducing this essential legislation. With millions of Americans struggling to fill their prescriptions, we need to make it easier for them to purchase affordable medications from abroad — not harder and more expensive, as President Trump is threatening to do. 

    Congress should swiftly pass the  Affordable and Safe Prescription Drug Importation Act into law so that Americans can get the medications they need.” said Alex Lawson, Executive Director of Social Security Works.

    Original cosponsors of the Affordable and Safe Prescription Drug Importation Act include Reps. Steve Cohen (TN-09), Lloyd Doggett (TX-37), Ilhan Omar (MN-05), Chellie Pingree (ME-01), and Mark Pocan (WI-02).

    Endorsing organizations include: Campaign for Personal Prescription Importation, Social Security Works, Alliance for Retired Americans, Economic Policy Institute, Prescription Justice, Consumer Action, Just Care USA, Citizen Action/Illinois, Physicians for a National Health Program, NETWORK Lobby for Catholic Social Justice, Voices of Health Care Action, Beta Cell Action, ACA Consumer Advocacy, Committee to Protect Health Care, Rise Up WV, NY StateWide Senior Action Council.

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    MIL OSI USA News

  • MIL-OSI USA News: U.S. Announces China Trade Deal in Geneva

    Source: The White House

    Secretary of the Treasury Scott Bessent:“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive. We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”

    U.S. Trade Representative Ambassador Jamieson Greer:“This was, as the Secretary pointed out, a very constructive two days. It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought. That being said, there was a lot of groundwork that went into these two days. Just remember why we’re here in the first place — the United States has a massive $1.2 trillion trade deficit, so the President declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”

    MIL OSI USA News

  • MIL-OSI Russia: Comment: China remains firm in upholding international economic and trade order

    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, May 11 (Xinhua) — At the request of the U.S. side, a high-level China-U.S. economic and trade meeting began in Geneva, Switzerland on Saturday. China decided to start talks with the U.S. side after taking into full consideration global expectations, national interests and requests from U.S. enterprises and consumers.

    China has strong resilience and broad policy instruments to protect its legitimate rights and interests. It is willing to cooperate with the international community to jointly oppose all forms of unilateralism, protectionism and economic coercion.

    Whether the path ahead involves negotiations or confrontation, one thing is clear: China’s determination to protect its development interests is unwavering, and its position on upholding the global economic and trade order remains unchanged.

    The reckless abuse of tariffs by the United States grossly violates World Trade Organization rules and destabilizes the global economic order. These punitive tariffs, which serve no legitimate purpose, represent a deliberate attempt to destroy the multilateral trading system, harming the legitimate interests of countries around the world.

    For the United States itself, its tariff offensive amounts to economic self-harm. Failing to address underlying structural problems, it has fueled financial market volatility, fueled domestic inflation, undermined industrial capacity, and raised the risk of recession.

    As the world’s two largest economies, China and the United States have a deep interest in ensuring the strength and stability of their trade ties. American business and academic circles have consistently emphasized that international trade is not a zero-sum game but should promote mutual benefit and common success. American policymakers should listen to these rational and objective opinions and take concrete steps to restore the China-US trade relationship to a path of healthy and stable growth.

    Given the growing demands for economic stability, the decision to sit down at the negotiating table is a positive and necessary step to resolve differences and prevent further escalation. However, as China has consistently emphasized, meaningful dialogue can only be conducted on the basis of mutual respect, equal consultation, and mutual benefit.

    If Washington is truly committed to resolving trade disputes through dialogue, it must first acknowledge that its tariff policies are harming not only the global trading system, but also its own economy and citizens.

    The United States must abide by the established rules of international trade and uphold the principles of fairness. Negotiations must never become a pretext for further coercion or extortion, and China will firmly reject any proposal that threatens fundamental principles or undermines the broader cause of global equality.

    Faced with US protectionism and economic bullying, China has taken decisive countermeasures and secured multilateral support from the UN and other international organizations to strengthen its call for justice. China’s actions not only protect its own legitimate rights to development, but also the common interests of the entire international community, especially small and developing countries.

    China has taken note that some countries are also negotiating with the United States. It must be emphasized that appeasement cannot bring peace, nor can compromise earn respect. Upholding principled positions and defending justice remain the right ways to protect one’s legitimate interests.

    At its core, this is not just a trade dispute – it is a clash of two fundamentally different visions in the era of economic globalization. One is based on openness, cooperation and shared growth, while the other is guided by confrontation, isolation and a zero-sum mentality.

    The negotiations in Switzerland are a crucial step towards solving the problem. However, its final solution requires sufficient strategic patience and persistence, as well as firm support for justice from the international community.

    China entered the Geneva talks confident in its economic fundamentals. Its economy grew 5.4 percent year-on-year in the first quarter of 2025. Total merchandise imports and exports exceeded 43 trillion yuan (about $5.94 trillion) in 2024, with a more diversified set of trading partners and an improved export structure.

    Meanwhile, innovation policy and market viability are working together. New fiscal and monetary policies – from interest rate cuts to targeted support for innovation and social security – have further strengthened growth prospects and increased China’s ability to withstand external shocks.

    At a time when globalization is under threat and protectionism is on the rise, China has decided not to turn inward. Instead, it has redoubled its efforts to open up, with renewed determination to push forward trade and investment liberalization and create opportunities for shared development around the world.

    China’s position is clear: No matter how the global landscape changes, it will remain committed to openness and use the security of its own development to help offset the uncertainty facing the rest of the world.

    There are no winners in trade and tariff wars. A stable and constructive relationship between China and the United States is in the interests of both countries and the world. It is through continuous dialogue, responsible management of differences, and deepening win-win cooperation between the world’s two largest economies that the global economy can gain the confidence and momentum it sorely needs. –0–

    MIL OSI Russia News

  • MIL-OSI United Nations: Public-Private partnerships: strategic investment for comprehensive resilience

    Source: UNISDR Disaster Risk Reduction

    Disasters continue to generate significant impacts across Latin America and the Caribbean. Many occur suddenly, such as storms or hurricanes; others unfold gradually, like droughts. Yet their consequences are consistent: loss of life, disruption of livelihoods, infrastructure damage, and severe economic impacts. Between 2000 and 2024, more than 2,350 disasters were recorded in the region, affecting over 320 million people.

    International cooperation and public budgets are limited and remain largely reactive. In this context, private sector engagement has become essential to enhancing investments in prevention and, in so doing, to help protect employees, communities, and business operations. Resilience is not only a matter of public policy but a collective effort that requires the involvement of industry, business networks, and productive territories.

    Sustainable business development is closely tied to the resilience of the communities in which they operate. Private sector actors are increasingly cognizant that risk is not an external factor but a direct threat to their workforce, infrastructure, and operational continuity. In response, more and more companies are stepping up and taking on active roles in disaster risk reduction such as by co-investing in early warning systems, contributing to territorial planning, and providing data, expertise, logistics, or technological solutions to strengthen collective resilience.

    These partnerships do not form automatically. They require clear regulatory frameworks, long-term vision, sustained political will, and strong leadership. They also require a shared understanding that resilience is not built overnight, nor in isolation. Disaster risk reduction and resilience-building are progressive, collective processes that face challenges and demand ongoing commitment, cross-sectoral coordination, and a strategic focus on prevention.

    From the perspective of the United Nations Office for Disaster Risk Reduction (UNDRR), the way forward is clear: investing in prevention and mitigation not only saves lives—it also protects economic value. For every dollar invested in resilience, four to seven dollars are saved in response and recovery. However, according to case studies featured in the 2024 Regional Assessment Report on Disaster Risk in Latin America and the Caribbean (RAR24), only about 6% of public spending in the region is allocated to disaster prevention. Eighty percent is still directed toward compensatory measures.

    “Disaster risk reduction is not solely an institutional responsibility. It is a shared task that requires vision, political leadership, and coordinated action among governments, the private sector, and communities. Only through concrete partnerships can we anticipate threats and protect what matters most: people, livelihoods, and the stability of our territories,” said Nahuel Arenas, Chief of the UNDRR Regional Office for the Americas and the Caribbean.

    According to the latest report from the Swiss Re Institute, only approximately 17% of total economic losses from disasters in Latin America in 2024 were insured. This gap highlights the structural limitations of the insurance system in the face of increasing threats and sends a clear warning: without substantial risk reduction, the risk of uninsurability will grow—particularly in highly exposed areas where some insurers have already begun to withdraw their operations.

    The good news is that solutions already exist. UNDRR promotes a diversified strategy that includes prospective, corrective, and compensatory risk management—a model that not only helps companies avoid losses, but also improves the return on their investments. Integrating resilience into investment decisions, applying seismic building codes, replacing flammable materials, upgrading drainage systems, supporting multi-hazard early warning systems, allocating risk-informed dedicated budgets, establishing emergency funds, and preparing and updating contingency plans are some of the measures that can make the difference between business continuity and operational disruption.

    Resilience-focused business networks are already active in the region. ARISE, the global private sector initiative led by UNDRR, brings together more than 250 companies in Latin America and the Caribbean, with the potential to influence over 100,000 businesses. Through this platform, the private sector works in coordination to build capacities, share knowledge, and advance a safer, more sustainable, and risk-informed economy.

    This regional commitment will be further reflected next week in San Pedro Sula, Honduras, during the Sustainability Week and IV ARISE Forum 2025 for the Americas and the Caribbean. From 13 to 16 May, under the theme “Shaping a Sustainable and Resilient Future,” the event will bring together private sector leaders, governments, international organizations, ARISE networks, civil society, and financial system actors to address key topics such as resilient supply chains, climate action finance, early warning systems, risk transfer mechanisms, resilience education, and will highlight the vital role of women in business continuity and resilience. It provides a valuable opportunity to consolidate partnerships, exchange concrete solutions, and reinforce the role of the private sector as a key player in building a safer and more sustainable future.

    Resilience doesn’t happen by chance. It requires intent, strategy, collaboration, and sustained effort. Recognizing risks is not enough—we must anticipate them and act accordingly. Resilience is a key component of any business strategy that requires investment, coordination and planning.  And above all, it is built in partnership. In a time of increasing risks and mounting uncertainty, the private sector faces two paths: take action or bear the consequences. Failing to invest in resilience is, in effect, financing the disasters of the future. 

    MIL OSI United Nations News

  • MIL-OSI China: China, Switzerland vow closer ties, push for upgraded free trade deal

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

    Karin Keller-Sutter, president of the Swiss Confederation, and Guy Parmelin, vice president of the Swiss Federal Council, meet with Chinese Vice Premier He Lifeng in Geneva, Switzerland, May 9, 2025. [Photo/Xinhua]

    GENEVA, May 10 — Senior leaders from China and Switzerland pledged on Friday to strengthen communication, uphold free trade, and accelerate talks to upgrade the two countries’ free trade agreement amid global challenges.

    Karin Keller-Sutter, president of the Swiss Confederation, and Guy Parmelin, vice president of the Swiss Federal Council, met with Chinese Vice Premier He Lifeng on Friday in Geneva, Switzerland.

    The vice premier conveyed greetings from Chinese leaders and delivered a signed letter from Chinese Premier Li Qiang. He noted that over the 75 years since the establishment of diplomatic relations between China and Switzerland, bilateral ties have grown increasingly mature and stable under the strategic guidance of both countries’ leaders.

    The two sides have achieved growing economic complementarity and fruitful outcomes in trade and investment, He added.

    The vice premier said that amid the current complex and severe international situation, China and Switzerland should enhance communication, build consensus, and work together to address challenges.

    Chinese Vice Premier He Lifeng delivers a signed letter from Chinese Premier Li Qiang to Karin Keller-Sutter, president of the Swiss Confederation, in Geneva, Switzerland, May 9, 2025. Karin Keller-Sutter, president of the Swiss Confederation, and Guy Parmelin, vice president of the Swiss Federal Council, met with Chinese Vice Premier He Lifeng on Friday in Geneva, Switzerland. [Photo/Xinhua]

    Both sides should uphold free trade and open markets, accelerate negotiations on upgrading the bilateral free trade agreement for substantive progress, and contribute to global peace, stability, and economic prosperity, He said.

    Keller-Sutter said that Switzerland and China have maintained close high-level exchanges in recent years. She said Switzerland is ready to take the 75th anniversary of diplomatic ties as an opportunity to jointly make the Switzerland-China Year of Culture and Tourism a success.

    She added that the Swiss side will promote exchanges with China at all levels, deepen practical cooperation across various fields, and elevate bilateral relations to new heights.

    Parmelin said Switzerland supports multilateralism and free trade, and is willing to work with China to expedite negotiations on upgrading the free trade agreement to reach a more comprehensive and ambitious agreement at an early date, delivering greater benefits to businesses and the people of both countries.

    He said the country will also deepen economic and trade cooperation with China in all areas and safeguard the stability of global industrial and supply chains.

    MIL OSI China News

  • MIL-OSI Russia: China and Switzerland vow to forge closer ties and seek updated free trade agreement

    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, May 10 (Xinhua) — Senior leaders of China and Switzerland on Friday vowed to strengthen ties, safeguard free trade and accelerate talks to update the free trade agreement between the two countries amid global challenges.

    This was announced during a meeting between the President of the Swiss Confederation Karin Keller-Sutter and the Vice President of the Swiss Federal Council Guy Parmelin with the Vice Premier of the State Council of the People’s Republic of China He Lifeng on Friday in Geneva, Switzerland.

    He Lifeng conveyed greetings from Chinese leaders and a personal letter from Chinese Premier Li Qiang to Keller-Sutter. The Vice Prime Minister of China noted that under the strategic leadership of the leaders of the two countries, over the 75 years since the establishment of diplomatic relations between China and Switzerland, interstate relations have become more mature and stable day by day.

    As He Lifeng stated, the two sides have achieved continuously growing complementarity of their economies and fruitful results in trade and investment.

    The Vice Premier of the State Council of the People’s Republic of China noted that in the current complex and tense international situation, China and Switzerland should strengthen ties and consensus, and work together to overcome challenges.

    The two sides should work together to safeguard free trade and open markets, promote early and substantial progress in the bilateral free trade agreement update negotiations, and contribute to global peace, stability and economic prosperity, he said.

    K. Keller-Sutter, for her part, said that Switzerland and China have maintained close, high-level exchanges in recent years. She expressed Switzerland’s readiness to use the 75th anniversary of the establishment of diplomatic relations as an opportunity to successfully hold the Swiss-Chinese Year of Culture and Tourism together with China.

    K. Keller-Sutter added that the Swiss side will actively develop exchanges with China at all levels, deepen practical cooperation in various fields, in order to take bilateral relations to a new level.

    Mr. Parmelin, in turn, pointed out that Switzerland supports multilateralism and free trade and hopes to accelerate negotiations with China on upgrading the free trade area with the aim of quickly achieving a more comprehensive and ambitious agreement that will provide greater benefits for businesses and people in both countries.

    He assured that the country will also deepen trade and economic cooperation with China in all areas and maintain the stability of global production and supply chains. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China-US high-level trade and economic meeting kicks off 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

    Xinhua | 10. 05. 2025

    Keywords: Politburo of the Central Committee of the CPC, PRC, economic issues, American meeting, Chinese, level, trade, began, Geneva, member of the Politburo of the Central Committee, Premier of the State Council of the PRC, economic relations, Scott Bessent, held talks, American side, USA

    GENEVA, May 10 (Xinhua) — A high-level China-US economic and trade meeting kicked off in Geneva, Switzerland on Saturday.

    Member of the Politburo of the CPC Central Committee, Vice Premier of the State Council of the People’s Republic of China He Lifeng, being the coordinator for trade and economic relations between China and the United States on the Chinese side, held talks with the coordinator on the American side, US Secretary of the Treasury Scott Bessent. –0–

    Source: Xinhua

    China-US high-level trade and economic meeting kicks off in Geneva China-US high-level trade and economic meeting kicks off in Geneva

    MIL OSI Russia News

  • MIL-OSI China: China, U.S. high-level economic, trade meeting starts in Geneva

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

    China, U.S. high-level economic, trade meeting starts in Geneva

    GENEVA, May 10 — China and the United States kicked off on Saturday a high-level meeting on economic and trade affairs in Geneva, Switzerland.

    As the Chinese lead person for China-U.S. economic and trade affairs, He Lifeng, who is also a member of the Political Bureau of the Communist Party of China Central Committee and vice premier, attended the meeting with the U.S. lead person Treasury Secretary Scott Bessent.

    MIL OSI China News

  • MIL-OSI NGOs: Solidarity and dedication in response to devastating Myanmar earthquake

    Source: Médecins Sans Frontières –

    On 28 March, a 7.7 magnitude earthquake struck central Myanmar. From the epicentre in the city of Sagaing, the tremors were felt across Thailand, Bangladesh, China and Laos. Our teams already in the country immediately mobilised to travel to the affected areas in Sagaing, Mandalay, Naypyitaw and Southern Shan states to assess initial needs, while our emergency teams prepared to arrive in Myanmar as earlier as possible.

     

    Jessa Pontevedra, emergency coordinator based in southeast Asia was one of them. She shares her experiences from the first week of our emergency response in Myanmar.

    Jessa Pontevedra, medical coordinator in Myanmar What I witnessed in Naypyidaw deeply affected me as a public health professional, but the devastation in Mandalay touched me to my core as humanitarian.

    Jessa Pontevedra, Switzerland, 2024.
    © Pierre-Yves Bernard/MSF

    We landed in Yangon in the middle of the night on 1 April and headed directly to the Médecins Sans Frontières (MSF) office for briefings. After a few hours of rest, we set out the next morning on the 6.5-hour long drive to Naypyitaw, mainly along the highway to join the team who had already gone there on 30 March.

    But about 100 kilometres from the city we started seeing the impact of the earthquake – cracks marred the road, a stark reminder of the disaster’s reach. We entered this well-designed city, Myanmar’s capital, and checked into a hotel, where some displaced families who could afford it had taken refuge.

    In the evening, we met the rest of the emergency team to set the objectives for the coming days. As a medical coordinator, my role is to assess the health situation: evaluating both the condition of medical facilities and the urgent needs of affected people.

    A maternity ward in a jewellery museum

    Before the earthquake, Naypyidaw boasted major medical institutions: a 1,000-bed hospital, a 500-bed paediatric hospital, 500-bed orthopaedic hospital, 500-bed maternity, and more. Yet, all of these large, specialised hospitals couldn’t operate to their full capacity due to structural damage to the facilities.

    One of the more striking examples of adaptation was the repurposing of a 500 beds-obstetric-children’s hospital. The patients, staff and some of the equipment relocated to an unoccupied private jewellery museum that was untouched by the earthquake. The owner, eager to help, welcomed the maternity in his building and compound. The museum, originally intended to be a high-end tourist attraction, had become an emergency healthcare space. Inside the grand rooms, there were rows and rows of beds set up for pregnant women about to give birth.

    A metal detector at the entrance now served as the triage point, with desks further inside used for antenatal and postnatal consultations. Other rooms were transformed into emergency wards, and an operating theatre was already performing caesarean sections. Staff, who were themselves displaced, had set up tents to sleep in the compound, as well as the families of patients. A brick building in the back of the compound which looked like a train station, was used as the administration offices and kitchen for the staff. 

    The express road connecting Mandalay to Sagaing was cracked by the earthquake on 28 March and parts of it are still unusable. Myanmar, April 2025.
    Lena Pflueger/MSF

    I saw a lot of solidarity and dedication

    There, I met the superintendent of the hospital, who took the time to speak with us despite the challenging situation. Amid the hectic environment, she was still smiling. Staff and patient’s families were sharing the place, sharing meals, offering donations to the ones in need, supporting each other… acting as a big community. Everyone was coping as best they could… collectively.

    A paediatric hospital, originally another 500-bed facility, had been relocated across the city and was now operating as a 32-bed township hospital – without any operating theatre. Looking at the community’s needs – pregnant women give birth, and kids get sick even amidst a natural disaster –, a 500-bed hospital becoming a 32-bed hospital, the math was not adding up.

    The encounter with the superintendent at this facility, deeply touched me. The healthcare professionals were so dedicated, trying their best. The community spirit everywhere and coming together really resonated with me as I am southeast Asian, and this is a big part of our culture. Coming together in times of needs… They were also appreciative that MSF is with them in this emergency.

    Many people experiencing homelessness in an urban space

    Five days later, I left Naypyidaw, taking the old highway instead of the express road. As we approached Mandalay city, we saw makeshift shelters of plastic sheeting on one side of the road, housing perhaps 1,000 people. On the other side, buildings lay in ruins. The following days, as we moved around the city to assess the hospitals, we saw similar damages – collapsed homes and communities in disarray. Many affected people were quite vulnerable, without access to water and sanitation, lacking the basic requirement to preserve their dignity. 

    A patient receives medication at an MSF mobile clinic set up inside a monastery, which is currently sheltering about 80 families from the neighbourhood whose homes have been destroyed or severely damaged and are no longer safe to live in. Myanmar, April 2025.
    Lena Pflueger/MSF

    In Mandalay, families who chose to stay close to their damaged or collapsed houses were staying at the gates or front yard, or along the street – some even re-entering their damaged houses, risking further injury just to access basic facilities like bathrooms. The hospitals were partially functional and able to attend to the injured – although oftentimes outside barely shielded from the elements by simple tarps.

    Throughout these assessments, our teams have already been providing basic health consultations, psychological first aid to the affected communities and distributed essential items such as hygiene kits in cooperation with local civil society organisations. The logistics teams have been working tirelessly to restore water and sanitation facilities, setting up latrines in monasteries where many displaced families sought refuge.

    More challenges may come

    With the rainy season approaching, the challenges are mounting. The situation might become increasingly precarious. If thousands of people are experiencing homeless in urban areas, and with the risk of disease outbreaks, responding to their needs will be incredibly challenging.

    What I witnessed in Naypyidaw touched me to my core as a public health professional, but what I saw in Mandalay touched to my core as humanitarian.

    For now, the communities are finding ways to support one another. I remember one couple staying at the same hotel in Naypyidaw, that I met when I was out for my usual run. They were also doing their morning exercise. It was the man’s birthday that day. But given the situation, the celebration would not be a party. “We have lost our home too,” he said, “But we are bit more blessed, so we want to give back.” And they did so by doing food, water and essential item distributions in one of the most affected neighbourhoods of Naypyidaw.

    I also keep in mind this doctor I met. He was from a less affected town who had rallied a group of healthcare colleagues to set up a free clinic. They quickly began receiving donations from people abroad – food, essential items, and more. This spirit of community in Myanmar is powerful, but I can’t help but wonder: how long can it last?

    Our emergency teams continue to work almost around the clock, further assessing and anticipating the needs, supporting the relief efforts wherever possible along with the communities that are so engaged. The recovery from this massive earthquake will be long for the affected people, no matter where they live, they need to have access to life-saving humanitarian assistance. 

    MIL OSI NGO

  • MIL-OSI: HTX DeepThink: Liquidity Window Confirmed — Bitcoin Hits $100K Again, What’s Next?

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 09, 2025 (GLOBE NEWSWIRE) — HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers “Find Order in Chaos.”

    Last week, Chloe (@ChloeTalk1) from HTX Research accurately predicted that a liquidity window could emerge in early May, driving capital back into crypto markets. On May 8, Bitcoin surged past $100,000 for the first time in three months—confirming her forecast. How long can this momentum last, and what are the implications of the latest U.S.-UK tariff deal? In this bonus update, Chloe provides fresh analysis of the evolving landscape.

    UK–U.S. Tariff Agreement Signals Reduced Risk and Policy Support

    On May 8, the United Kingdom and the United States reached a breakthrough trade agreement. The UK agreed to open its agricultural market for U.S. products in exchange for a reduction in U.S. tariffs on British automobile exports. Tariffs on British steel and aluminum exports to the U.S. were reduced to zero, while a 10% “reciprocal tariff” remains in place on U.S. imports.

    Although the UK already runs a trade deficit with the U.S. and the economic impact of the deal may be modest, it signals a willingness by the U.S. government to re-engage diplomatically and release policy tailwinds.

    U.S. Commerce Secretary Lutnick further indicated that the next major trade agreement could involve a large Asian economy, suggesting that the U.S. administration is preparing to offer structural trade incentives on a broader geopolitical scale.

    Bitcoin’s Market Structure Shifts From Speculative Trading to Institutional Capital Allocation

    Concurrently with these easing policy conditions, Bitcoin’s capital flow dynamics have undergone a fundamental shift. Over the past three weeks, U.S. spot Bitcoin ETFs have recorded substantial net inflows totaling $5.3 billion——the highest quarterly inflow since their launch.

    Notably, this increase has been driven by institutional participants, including the Abu Dhabi sovereign wealth fund, the Swiss National Bank (via MicroStrategy equity purchases), and increased allocations by BlackRock’s Bitcoin ETF. This signals a structural transition in Bitcoin’s pricing logic—moving from short-term, volatility-driven speculation towards long-term capital allocation. BTC is evolving beyond a high-risk asset; it is gradually forming an independent capital ecosystem, increasingly viewed by institutional investors as a “supra-sovereign asset”—somewhere between gold and U.S. Treasuries.

    Bitcoin Volatility Remains Contained; Market Awaits Macroeconomic Catalysts

    Despite BTC’s recent rally to $100,000, the market has not yet exhibited signs of speculative exuberance. Implied volatility (IV) in Bitcoin options remains stable in the 50%–55% range, far below the extreme levels of 80%+ typically seen at the peak of past bull markets. CME Bitcoin futures open interest currently stands at $14.8 billion, well below the $20 billion peak observed during the 2020 U.S. presidential election period, indicating that leverage is still manageable. Meanwhile, the 10-year U.S. Treasury yield has repeatedly failed to break above 4.60%, now hovering around 4.40%, which remains a neutral-to-supportive zone for risk assets.

    Overall, as long as yields do not climb back above 4.8% and ETF inflows remain steady, Bitcoin is likely to consolidate in the $105,000–$115,000 range while awaiting the next breakout trigger.

    Hidden Risk: Breakdown in China–U.S. and EU–U.S. Trade Talks Could Reignite Tariff Battles

    Nevertheless, investors should remain vigilant about geopolitical risk. While U.S. negotiations with China and the EU are ongoing, significant unresolved tensions persist—particularly over tariffs, export controls, and industrial subsidies.

    President Trump has explicitly stated he has no intention of lowering the current 145% tariff on Chinese goods as a prerequisite for restarting trade negotiations. Meanwhile, EU Trade Commissioner Maroš Šefčovič warned that if discussions with the U.S. fail, the EU is prepared to launch retaliatory tariffs, potentially targeting up to €100 billion worth of American goods.

    A breakdown in these negotiations could lead to the re-imposition of aggressive tariffs, reigniting global trade friction. This would likely dampen investor sentiment and place renewed pressure on risk assets, including Bitcoin. As such, the hidden risk of renewed tariff wars remains a key macro variable that should be incorporated into all forward-looking risk assessments.

    *The above content is not investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.

    About HTX Research

    HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.

    Connect with HTX Research Team: research@htx-inc.com

    Contact:
    Ruder Finn Asia
    glo-media@htx-inc.com

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    The MIL Network