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Category: Trade

  • MIL-OSI New Zealand: Soil conservation strengthens future for hill country farms

    Source: Environment Canterbury Regional Council

    After the Kaikōura earthquakes in November 2016, we applied for Ministry for Primary Industries (MPI) funding to help set up the SCAR project.

    In 2019, $4.1 million was granted for the initial four years, following the immediate clean-up work from the Post Quake-Farming project, which was led by Beef and Lamb New Zealand and MPI.

    Now, with another $2 million of funding granted, the SCAR team continues to work with MPI to build meaningful relationships with farmers and ultimately improve the health of our environment.

    North Canterbury SCAR programme successes

    The SCAR project has meant farmers like Ian can look after their soil by preventing erosion and avoiding sediment entering our waterways.

    For the last five years, Ian has received nearly 150 poplars each year from the SCAR fund to plant in and around at-risk areas, creating a stable landscape.

    If the spacing and area of the poles planted met the criteria for MPI’s Emissions Trading Scheme (ETS), then landowners could claim carbon credits for the poles as they grew over time. This helps to offset the cost and maintenance of planting the poles.

    Ian said the best part about working with the SCAR team had been the advice and connections.

    “It’s invaluable to have a technical team rubbing shoulders with farmers, getting their hands dirty and being a port of call if we have concerns or don’t understand something.

    “We’re not always going to see eye to eye, but having the SCAR team there providing advice is a great stepping stone for creating long-term trust and collaboration with Environment Canterbury,” Ian said.

    North Canterbury sheep and beef farmer Ian Knowles and his son Victor checking a poplar plant

    Building trust in North Canterbury

    Senior land management and biodiversity advisor, Sam Thompson, said that initially, there was a lot of distrust and a lack of confidence in us from the North Canterbury community.

    “Gates were being shut, and a strong movement around banning access.”

    But the SCAR programme had been a leading engagement tool to start conversations in the community with the support to follow.

    “The project has dramatically improved the community’s confidence in us to help find solutions rather than setting regulations and telling them what not to do,” Sam said.

    As well as building positive relationships, we’ve provided landowners with access to environmental experts like ecologists, biodiversity advisors and consent advisors.

    “Gates have been opened both ways,” Sam said.

    Landowners appreciate the simplicity of the process to apply for funding from SCAR.

    Strong endorsements

    Andrew Arps, North Canterbury water and land team leader:

    Andrew said the SCAR programme had been a game changer for building trust and achieving results despite wider challenges.

    “The combination of a clear approach, the right team, and consistent follow-through has opened farm gates and opened minds, leading to new opportunities and genuine partnerships with landowners.”

    Louise Askin, MPI senior adviser for the Hill Country Erosion Programme:

    Louise said they were pleased with how we had grown the SCAR project over the past six years.

    “The Council’s strong advisory support and financial assistance are helping North Canterbury farmers address the unique challenges in protecting their farms’ most vulnerable land.” 

    MIL OSI New Zealand News –

    June 12, 2025

  • MIL-OSI Russia: Number of ships leased in Tianjin Dongjiang FTZ reaches 1,000 units

    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

    TIANJIN, June 12 (Xinhua) — A signing ceremony for the leasing of the 1,000th ship was held at the Dongjiang Free Trade Zone (FTZ) in north China’s Tianjin City on Wednesday.

    As the largest ship financing and leasing center in mainland China, Dongjiang FTZ has officially joined the world’s leasing centers with 1,000 ships under management.

    The milestone leased vessel is a floating liquefied natural gas (LNG) facility built in Singapore. The total investment in the project was nearly US$1.8 billion, including about US$1.2 billion in lease financing.

    According to Shi Jinfeng, an official with the Dongjiang FTZ administration, the deal marks another milestone in the development of offshore ship leasing in Dongjiang and is the largest cross-border syndicated leasing project in mainland China in terms of both funding volume and number of participants.

    Specializing in the leasing industry, Dongjiang FTZ serves over 90 percent of the cross-border leasing transactions of ships and marine engineering equipment in mainland China.

    MIL OSI Russia News –

    June 12, 2025

  • MIL-OSI USA: At Spotlight Forum, Cortez Masto Highlights Struggles Small Businesses Face Due to Trump Tariffs

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

     ***VIDEO AVAILABLE***

    FTPs for TV stations is available here.

    Washington, D.C. – Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and Ben Ray Luján (D-N.M.) hosted a Spotlight Forum titled “Costs, Chaos, Corruption: The Household Impact of Trump’s Tariffs” to examine how President Trump’s tariff policies fuel economic instability, raise costs on working families, and harm the travel and tourism sector. During the forum, Cortez Masto asked small business owners to describe the impacts of the tariffs on their individual businesses.

    Senator Cortez Masto highlighted the concerns she has heard while traveling across Nevada – the effects on tourism, the rising costs for families, and the squeeze that small businesses across the state are feeling. 

    “Let me ask you, because I think…some of this is also getting lost, not only the additional costs that you are incurring because of these tariffs [but] the additional opportunities,” she said to Preston Martin, CEO of Bicycle Technologies International who was planning to open a 29,000 square foot warehouse in Reno and had to cancel the contract because of additional costs brought on by tariffs. “What we also are missing out on here are the jobs that are created, the opportunity to put people to work. Mr. Martin, if you were able to open that warehouse in Reno, how many people would you have employed in Nevada?” she asked.

    Martin confirmed in his response that he would have been able to increase his workforce in Nevada by 50 percent.

    “Our policies should be congressionally-driven in the sense that we want to grow this economy and create jobs,” the Senator continued. “And the policies are just the opposite…People want a good life. They want less stress. They want to be able to work. They want a good economy. They want everybody to thrive. And that’s where our policies should be, but this [trade] policy is not there.”

    Senator Cortez Masto has continued to push the Trump Administration to address the impacts of Trump’s tariffs on working families and Nevada small businesses. Last week, Cortez Masto led the Nevada delegation in a letter to President Donald Trump urging him to reverse his blanket tariffs that have had harmful impacts on Nevada. During a Senate Finance Committee hearing, Cortez Masto pressed U.S. Trade Representative Greer about the impacts of President Trump’s blanket tariffs on Nevadans, particularly those employed in the tourism and hospitality industry. The Senator introduced the Tariff Transparency Act to require the U.S. International Trade Commission to publicly investigate how Donald Trump’s recent tariffs on imports from Mexico and Canada will impact the American people.

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI China: Chinese mainland’s largest ship leasing center hits 1,000-vessel mark

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

    TIANJIN, June 11 — A signing ceremony was held Wednesday for the 1,000th vessel leased through the Dongjiang Free Trade Port Zone (DFTP) in the northern Chinese municipality of Tianjin.

    As the Chinese mainland’s largest center for ship financing and leasing, the DFTP has now officially joined the world’s 1,000-vessel leasing club.

    The landmark vessel is a floating liquefied natural gas facility built in Singapore, with a total investment of nearly 1.8 billion U.S. dollars, including approximately 1.2 billion U.S. dollars in leasing-based financing.

    According to DFTP official Shi Jinfeng, the deal is another milestone in Dongjiang’s offshore ship leasing and the largest cross-border syndicated leasing project on the Chinese mainland to date, in terms of both financing scale and number of participants.

    Specializing in the leasing industry, the DFTP handles over 90 percent of the mainland’s cross-border leasing of ships and offshore engineering equipment.

    MIL OSI China News –

    June 12, 2025

  • MIL-OSI USA: Kennedy to HHS: Fight foreign shrimp imports that hurt Louisiana and threaten Americans’ health

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)
    WASHINGTON – Sen. John Kennedy (R-La.) today sent a letter to Secretary of Health and Human Services (HHS) Robert F. Kennedy Jr. urging his department to work with its partners to prevent unsafe foreign shrimp from reaching American consumers.
    While U.S. shrimp manufacturers comply with bans on antibiotic use and numerous environmental regulations, not all shrimp producers in countries like India, Ecuador, Indonesia and Vietnam abide by the same standards. A recent decline in transparency among members of the foreign shrimp industry has raised further concerns.
    “I write to express my concern regarding the ongoing public health risk posed by the importation of farmed shrimp into the United States. In 2021, the United States imported approximately 1.9 billion pounds of shrimp, accounting for over 90% of the nation’s consumption,” Kennedy began the letter.
    “A growing body of academic research and investigative reporting indicate that imported shrimp frequently contain illicit antibiotics and harbor antimicrobial-resistant bacteria. One of the most prevalent risks associated with warm-water shrimp aquaculture is antibiotic use, which poses significant health threats related to potential parasitic infection along with disease outbreaks,” the senator explained.
    “Fortunately, President Trump is taking action. On April 17, 2025, President Trump issued an Executive Order titled Restoring American Seafood Competitiveness, which strengthens the domestic seafood industry and addresses the need to eliminate unsafe imports, promote ethical seafood sourcing, and level the playing field for domestic seafood producers,” Kennedy added. 
    “In light of the President’s executive order and the ongoing health risks posed by imported seafood, I urge the Department of Health and Human Services to collaborate with the U.S. Trade Representative, U.S. Customs and Border Protection, and other relevant agencies to strengthen inspection capabilities and stop this harmful seafood from being sold domestically,” he wrote.
    Background: 
    In Dec. 2023, Kennedy introduced a bill to bolster the Seafood Import Monitoring Program’s ability to audit foreign seafood imports that its producers misrepresent. Senate Democrats blocked Kennedy’s bill.
    In May 2024, Kennedy questioned then-Secretary of Commerce Gina Raimondo on safety risks associated with imported shrimp and crawfish, drawing attention to foreign countries that subsidize their seafood industries and engage in false advertising.
    The full letter is available here.

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI USA: CFTC, SEC Further Extend Form PF Amendments Compliance Date

    Source: US Commodity Futures Trading Commission

    CFTC, SEC Further Extend Form PF Amendments Compliance Date | CFTC

    /PressRoom/PressReleases/9085-25
    Skip to main content

    June 11, 2025

    WASHINGTON, D.C. — The Commodity Futures Trading Commission, together with the Securities and Exchange Commission, extended the compliance date for the amendments to Form PF that were adopted February 8, 2024. The compliance date for these amendments, which was June 12, 2025, has been extended to October 1, 2025. The release provides that Form PF filers should continue to file the current version of Form PF until the date the release is published in the Federal Register.
    Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as commodity pool operators or commodity trading advisers. This extension will provide more time for filers to program and test for compliance with these amendments.

    -CFTC-

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI USA: Statement of Commissioner Kristin N. Johnson on the Extension of Compliance Date for Form PF

    Source: US Commodity Futures Trading Commission

    Today, the Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission voted to extend the effective compliance date for relevant registrants to comply with the revised Form PF. The Joint Final Rule by the Commissions was adopted over a year ago on February 8, 2024. As Securities Exchange Commissioner Caroline Crenshaw noted in her statement during the SEC’s public meeting today, registrants have had a significant window of time to prepare for tomorrow’s compliance deadline. The issues raised indicate potential technology-based concerns as well as challenges with validation, testing, and ensuring effective capabilities for timely and accurate reporting of requested information. These issues should have been fully addressed prior to today. In the least, the issues should have been presented to the Commissions before the eleventh hour to enable proper investigation and resolution.
    Notwithstanding grave concerns, I have moved the request for an extension. In part, my decision is intended to demonstrate the strength and value of bi-partisan Commissions as well as our ability to reach the best outcomes for our markets, our economy and our nation. I am hopeful that the Commissions leadership’ commitments to democratic processes continue to prevail and our regulation continues to protect investors, encourage market integrity and stability, and foster and promote the deepest, most liquid markets in the world.

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI USA: Wyden, Colleagues Reintroduce Bill to Protect Reproductive and Sexual Health Data

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    June 11, 2025

    Washington D.C.— U.S. Senator Ron Wyden, D-Ore., said today he has joined colleagues to reintroduce the landmark My Body, My Data Act, which would create a new national standard to protect reproductive and sexual health data. 

    “Anti-abortion Republicans are restricting abortion state-by-state, and they’re not going to stop until they get a national abortion ban,” Wyden said. “The way MAGA prosecutors and politicians enforce their cruel assault on women’s rights is by going after their privacy and abusing their personal data to track down and punish women for their personal reproductive health choices. Congress has to draw a line. I’m proud to partner with Rep. Jacobs and Sen. Hirono on the My Body, My Data Act to set the toughest protections ever for reproductive health data.”

    The weaponization of private reproductive and sexual health data has increased in recent years, especially since the U.S. Supreme Court overturned Roe v. Wade. In 2017, police used web searches and text messages to charge Latice Fisher with second-degree murder after a stillbirth at home. Facebook messages were also a key piece of evidence in an abortion-related investigation of a Nebraska mother and daughter in 2022. A data broker shared cell phone and geo-location data with an anti-abortion political group that then dispensed disinformation about reproductive health to people who visited 600 abortion clinics in 48 states. Earlier this year, police investigated a Pennsylvania mother and daughter after receiving text messages about her pregnancy.

    Specifically, the My Body, My Data Act would:

    • Limit the personal reproductive and sexual health data that can be collected, retained, used, or disclosed to only what is needed to deliver a product or service.
    • Protect personal data collected by entities not currently covered under HIPAA, including data collected by apps, cell phones, and search engines.
    • Require regulated entities to develop and share a privacy policy outlining how they collect, retain, use, and disclose personal reproductive health information.
    • Direct the Federal Trade Commission (FTC) to enforce the law and to develop rules to implement the statute.
    • Create a private right of action to allow individuals to hold regulated entities accountable for violations. 
    • Provide additional consumer protections, including the right of an individual to access, delete, or correct their personal data if they choose to.

    In addition to Wyden, the legislation was led by U.S. Senator Mazie Hirono, D-Hawaii., and U.S. Representative Sara Jacobs, D-Calif. 

    The legislation is supported by Center for Democracy and Technology, Electronic Privacy Information Center, Electronic Frontier Foundation, National Partnership for Women & Families, Planned Parenthood Federation of America, Reproductive Freedom for All, Physicians for Reproductive Health, National Women’s Law Center, National Abortion Federation, Catholics for Choice, National Council for Jewish Women, Power to Decide, United for Reproductive & Gender Equity, Indivisible, Guttmacher, and National Network of Abortion Funds, All* Above All.

    “Everyone deserves the freedom to make personal decisions about their bodies, lives, and health without the fear of surveillance or criminalization. The ‘My Body, My Data Act’ is a critical step toward protecting our most private health information—including abortion and pregnancy care—from being weaponized against us. We’re grateful to Representative Jacobs and Senator Hirono for their leadership in introducing this bold federal action. We are committed to working with them to fight back as Trump and Republicans continue to attack our fundamental freedoms,” said Mini Timmaraju, CEO and President of Reproductive Freedom for All.

    “In a chaotic and dangerous post-Roe landscape, no one seeking an abortion should have to fear that their health information will be used to criminalize them,” said Jocelyn Frye, President of National Partnership for Women & Families. “Many women, including many women of color and those with low incomes, already face over-surveillance and heightened barriers to accessing abortion care. This bill is an important step in protecting data privacy surrounding abortion care, and we thank Rep. Jacobs and Senators Hirono and Wyden for their leadership on this issue.”

    “Americans’ health data is constantly used in ways that they do not expect. The My Body, My Data Act protects the privacy and safety of people seeking reproductive care but putting strict limits on when reproductive and sexual health information can be collected and how it can be used. Health care and privacy go hand in hand, and EPIC commends Rep. Jacobs for introducing this important bill,” said Caitriona Fitzgerald, Deputy Director, Electronic Privacy Information Center (EPIC).

    “It’s been nearly three years since the Supreme Court decision in Dobbs v. Jackson Women’s Health Organization, and we continue to see states hostile to reproductive rights seeking access to health data. The My Body My Data Act contains critical privacy protections that limit the data companies collect and retain about their customers while providing people clear ways to access and delete their health data when they want. When companies don’t collect and keep people’s health data, they won’t have anything to turn over if folks come asking for it,” said Andrew Crawford, Senior Counsel, Center for Democracy & Technology.

    “As a physician, I know how critical it is for the personal information of the patients I care for to be protected. Too often, data related to reproductive health care is used to target and criminalize people seeking essential care. I am thankful to Senators Wyden and Hirono and Representative Jacobs for introducing the My Body, My Data Act of 2025. Ensuring the health and well-being of patients includes protecting the privacy of personal reproductive health information,” said Dr. Ghazaleh Moayedi, Physicians for Reproductive Health Board Chair and OB/GYN in Texas. 

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI United Kingdom: expert reaction to study looking at the association between prolonged use of progestogen contraceptive pill (desogestrel) and risk of brain tumour

    Source: United Kingdom – Executive Government & Departments

    June 11, 2025

    A study published in The BMJ looks at the use of the progesterone contraceptive pill and brain tumour risk. 

    Dr Karen Noble, Director of Research, Policy and Innovation at Brain Tumour Research, said:

    “This study adds to the growing body of evidence around hormone-related risk factors for brain tumours. While it identifies a small increased risk of intracranial meningioma associated with long-term use of desogestrel oral contraceptives, it’s vital to stress that this is a correlation, not proof of causation. Most women taking desogestrel will not develop a brain tumour, and the overall risk remains low. However, the findings do reinforce the critical importance of sustained investment in research into brain tumours, which historically has received just 1% of the national spend on cancer research since records began in 2002.”

    Dr Mangesh Thorat, Honorary Reader in Wolfson Institute of Population Health, Queen Mary University of London and Consultant Breast Surgeon, Homerton University Hospital, said:

    “This large study using French national database is second in the series of studies by the same group, addressing some of the limitations of their previous study published last year. It shows association between taking a certain progestogen (desogestrel) continuously for more than five years and meningioma risk, however, the magnitude of increase in the risk is small, and short-term use is not associated with increased risk and that the excess risk ceases to exist once the use is stopped for more than a year. These results however do not give any reasons for women using progestogens to panic.”

    What are progestogens?

    “Progestogens are medicinal analogues of naturally produced female hormone progesterone. These are a common component of contraceptive agents, hormone replacement therapy and other hormonal treatments. Two important things to know about these are: first, effects of different formulations vary sometimes substantially and second, the effect of individual drug varies on different organs within our body. Therefore, it is important to consider which specific drug is being used by an individual.”

    What is meningioma?

    “Meningioma is a tumour of coverings of our brain and more than 90% of these are not cancerous. This is a rare tumour, for example, breast cancer is 10-times more common and it is even rarer in young individuals. A proportion of these need to be treated surgically as they increase pressure on the brain and / or nerves. The most common symptoms are persistent headache, and feeling sick all the time often with drowsiness.”

    How much of the risk is attributable to these drugs?

    “Recent studies and a similar study by the same group last year showed that 6 out of more than a dozen progestogen formulations to be associated with significant increase in the risk of developing meningioma. However, these 6 drugs put together account for just over 10% of all meningiomas in women. This study shows that 1 additional drug to be associated with meningioma risk, but the magnitude of increase in the risk is much smaller. In other words, a vast majority of meningioma would occur without use of such drugs.

    “Importantly, this study also shows that many progestogens, for example commonly used tablets like Microgynon or the morning after pill to be completely safe, without any increase in the risk of meningioma.”

    What should individuals using progestogens do?

    “Talk to your healthcare provider regarding the drug you are using. If it is associated with an increased risk of meningioma, this can be changed to a safer alternative. There is no reason to panic as the risk is very small and even in those who developed meningioma, stopping the specific drug has shown to cause regression in the size of meningioma.”

    More research is needed:

    “Although this is a large study, all studies have limitations. This study could not investigate the over-the-counter use of contraceptives. Furthermore, the study cannot provide information on the formulations not commonly used in France but used in other countries. This therefore underscores the need for further research using similar databases in other nations.”

    ‘Oral contraceptives with progestogens desogestrel or levonorgestrel and risk of intracranial meningioma: national case-control study’ by Noémie Roland et al. was published in The BMJ at 23:30 hours UK time Wednesday 11 June 2025.

    DOI: 10.1136/bmj-2024-083981

    Declared interests

    Dr Mangesh Thorat: No conflicts.

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

    MIL OSI United Kingdom –

    June 12, 2025

  • MIL-OSI USA: Further Extension of Form PF Amendments Compliance Date

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission, together with the U.S. Commodity Futures Trading Commission, today voted to extend the compliance date until Oct. 1, 2025, for the amendments to Form PF that were adopted on Feb. 8, 2024. The compliance date for these amendments was originally March 12, 2025, but was previously extended to June 12, 2025.

    Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as commodity pool operators or commodity trading advisers. This extension will provide more time for filers to program and test for compliance with these amendments.

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI: Stifel Announces Victor Nesi to Retire as Co-President and Head of Institutional Group; Joins Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, June 11, 2025 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today announced that Victor Nesi, Co-President and Head of the Institutional Group, will retire from his day-to-day operating responsibilities effective July 1, 2025, after 16 years of distinguished service. Mr. Nesi will, however, continue to serve the firm, simultaneously joining its Board of Directors.

    “Victor has been instrumental in building the platform we have today,” said Ronald J. Kruszewski, Chairman and CEO of Stifel. “The transformation of our Institutional Group under his guidance is one of the great success stories in our firm’s history. His strategic vision, leadership, and relentless focus on client service elevated Stifel into a major player in the investment banking world. On a personal level, I am grateful for Victor’s partnership and steady counsel, and I am thrilled he will continue to contribute as a valued member of our Board.”

    Mr. Nesi joined Stifel in 2009, at a formative moment for the firm’s Institutional Group. Under his stewardship, the Institutional Group’s overall revenue grew from $391 million in 2008 to a peak of $2.2 billion in 2021, while extending its reach across geographies, products, and capabilities. Investment banking revenue alone climbed 20x during this time from $84 million to a record $1.6 billion.

    In 2024, the Institutional Group reported $1.6 billion in revenue, which represents a more than fourfold increase since Mr. Nesi’s arrival.

    “Importantly, Victor has also ensured that the Institutional Group is well-positioned for continued success,” added Mr. Kruszewski. “He has put in place a seasoned leadership team and a strong organizational structure designed to carry forward the culture that he helped establish.”

    “It has been an honor and privilege to help grow Stifel into a premier full-service investment bank,” said Mr. Nesi. “Our success is a direct reflection of the extraordinary people of Stifel – their talent, relentless drive, and unwavering commitment have made everything possible. Together, we have built something enduring with the momentum to achieve even greater things. Consequently, I believe this is the appropriate time for me to step back and allow the next generation of leaders to continue driving our firm forward. I am still energized and eager for new challenges and I look forward to supporting Stifel’s continued success in my new role on the Board.”

    Mr. Nesi’s career in investment banking spans four decades. Before coming to Stifel, he held several leadership positions at Merrill Lynch, including Head of Americas Investment Banking. He has also worked as an investment banker at Salomon Brothers and Goldman Sachs and practiced corporate and securities law at Shea & Gould.

    Stifel Company Information
    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

    Media Contact
    Neil Shapiro, +1 (212) 271-3447
    shapiron@stifel.com

    Investor Relations Contact
    Joel Jeffrey, +1 (212) 271-3610
    investorrelations@stifel.com

    The MIL Network –

    June 12, 2025

  • MIL-OSI Analysis: The leading risk factor for cancer isn’t what you think

    Source: The Conversation – Canada – By Kristen Haase, Associate Professor, Nursing, University of British Columbia

    International guidelines say that all older adults should have a geriatric assessment prior to making a decision about their cancer treatment. (Shutterstock)

    If you were to ask most people what causes cancer, the answer would probably be smoking, alcohol, the sun, hair dye or some other avoidable element. But the most important risk factor for cancer is something else: aging. That’s right, the factor most associated with cancer is unavoidable — and a condition that we will all experience.

    Why is this important? Older adults are the fastest growing population in Canada and globally. By 2068, approximately 29 per cent of Canadians will be over age 65. With cancer being one of the most common diseases in older adults and one of the most common diseases in Canada, it means we need to think about how to provide the best cancer care for older adults.

    Demographic shift

    So how are we doing so far? The answer is: not great. This may be surprising, but we also have a great opportunity to innovate and prepare for this demographic shift in cancer care.

    International guidelines — including those from the American Society of Clinical Oncology — say that all older adults should have a geriatric assessment prior to making a decision about their cancer treatment. The most widely used models of geriatric assessment involve a geriatrician.

    With cancer being one of the most common diseases in older adults and one of the most common diseases in Canada, it means we need to think about how to provide the best cancer care for older adults.
    (Shutterstock)

    Consultation with a geriatrician for an older adult allows the oncologist and older adult to engage in a conversation about cancer treatment armed with information. Things like how treatment might affect their cognition, their function, their existing illnesses (which most older adults have when they are diagnosed with cancer), and the years of remaining life.

    Importantly, geriatricians centre their assessment on what matters most to patients. This approach anchors any decision about cancer around the wishes of older adults and their support system. When diagnosed with cancer, older adults undergo many tests and measures of function, but the evidence supports that these are not as accurate as geriatric assessment for identifying problems that may be below the surface.

    Care in Canada

    In Canada, there are currently only a handful of specialized geriatric oncology clinics. The oldest clinic is in Montréal at the Jewish General Hospital, followed closely by the Older Adult with Cancer Clinic at Princess Margaret Cancer Centre in Toronto, led by Shabbir Alibhai, one of the authors of this story. As researchers, we are in touch with clinics in Ontario and Alberta that have told us they have geriatric oncology services under development, so we hope to see new programs soon.

    These clinics aren’t just good for patients. In fact, a study led by Shabbir Alibhai demonstrated a cost savings of approximately $7,000 per older adult seen in these clinics. If we map this onto the number of older adults diagnosed with cancer in Canada every year, this represents a huge cost savings for our public health system. Despite this overwhelming evidence, this is still not routine care.

    In Canada, there are currently only a handful of specialized geriatric oncology clinics.
    (Shutterstock)

    In British Columbia, there are currently no specialized services for older adults with cancer. Over the last five years, Kristen Haase — also an author of this story — has been working with colleagues to understand whether these services are needed and how they could help older adults with cancer in B.C.

    This work involved conversations with more than 100 members of the cancer community. The research team spoke with older adults undergoing cancer treatment, who sometimes had to relocate for cancer treatment. Other participants included caregivers who cared for elderly family members during their cancer treatment and described numerous challenges they faced, and volunteers who ran a free transportation service — a service also mostly staffed by older adult volunteers.

    The research team also heard from health-care professionals: oncologists, nurses, physiotherapists and social workers. The latter group coalesced around the need for additional supports within the cancer care system so they could do their job well, and best support older adults.

    The results indicate that both those working in the system and those using the system want and need better support.

    Barriers to care

    So where are we now and why don’t we have these services across Canada?

    Cost is obviously a barrier to any health-care service. But with evidence that any costs will be offset by demonstrated cost savings, this is a non-starter.

    Health human resources are one huge restriction. Geriatricians are in high demand and there is low supply. However, nurse-led models have also been shown to be successful. With the expanding role of nurse practitioners across Canada, this option has huge potential to innovate care, and at a lower cost.

    There is an opportunity to innovate models of care that are targeted to those who need services the most: those who are most frail, are most likely to benefit from tailored care, and will reap the most benefit in terms of quality of life.
    (Shutterstock)

    Another reason is good old inertia. Our clinical care model in oncology has remained mostly intact for over three decades. It is primarily a single physician-driven model. Although modern therapies for cancer have emerged at a breathtaking pace and have been introduced into clinical practice, it is much harder to change the model of care, particularly for strategies such as geriatric assessment that are harder to implement than a new drug or surgical/radiation technique.

    The last, and perhaps the most difficult to pin down of all potential reasons for the absence of specialized cancer services for older adults, is agism. Agism is discrimination based on age. It is one of the most common forms of discrimination and it is deeply embedded in many of our systems. Imagine a scenario where children diagnosed with cancer couldn’t access a pediatrician. We would collectively be outraged. Yet somehow, we accept this for older adults.

    Due to the overwhelming number of older adults who are and will be diagnosed with cancer in the coming years, it will never be possible for all of them to receive specialized geriatric services. But there is an opportunity to innovate models of care that are targeted to those who need services the most: those who are most frail, are most likely to benefit from tailored care, and will reap the most benefit in terms of quality of life.

    Stratifying these programs around those who need them the most will also have the greatest financial impact. And if personal stories of improving quality of life for older adults with cancer or international guidelines don’t move decision-makers, hopefully cost savings will.

    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 leading risk factor for cancer isn’t what you think – https://theconversation.com/the-leading-risk-factor-for-cancer-isnt-what-you-think-253834

    MIL OSI Analysis –

    June 12, 2025

  • MIL-OSI NGOs: World Cup 2026: Growing threats to human rights set to undermine FIFA’s responsibilities one year out from kick off

    Source: Amnesty International –

    One year to go until the largest-ever sporting event across the USA, Canada and Mexico

    Urgent human rights risks in 2026 host countries – particularly in the USA – are impacting immigrants, the right to protest, and LGBTI+ rights

    Growing threats to civil liberties and human rights risk undermining FIFA’s commitments and responsibilities

    ‘FIFA and the US authorities must ensure that the World Cup does not become a pretext for stifling dissent or expanding mass surveillance’ – Daniel Noroña, Amnesty USA

    FIFA must take urgent and concrete action to uphold human rights for everyone involved in the 2026 FIFA Men’s World Cup, the Sport & Rights Alliance said today.

    With just one year remaining before the tournament begins across the United States, Canada, and Mexico – and only days before the Club World Cup kicks off on June 14 – growing threats to civil liberties and human rights risk undermining FIFA’s own commitments and responsibilities in this area.

    In its statutes, Human Rights Policy, and 2026 Bidding Process Guide, FIFA accepts its responsibility to respect human rights in line with the United Nations Guiding Principles on Business and Human Rights. The Bidding Process Guide specifically requires would-be hosts to document their commitment to “ensur[ing] that the hosting and staging of the Competition do[es] not involve adverse impacts on internationally recognised human rights.” The guide gives particular attention to “labour rights, the rights of children, gender equality, freedom of expression and peaceful assembly, and protecting all individuals from all forms of discrimination.”

    The Sport & Rights Alliance has identified several critical areas where government policies in the 2026 host countries, particularly the United States under President Donald Trump, pose significant and immediate risks to the human rights of immigrants; freedom of the press and free expression; LGBTI+ rights; safety for children; and the right to be free from discrimination, requiring urgent and transparent intervention.

    Andrea Florence, Executive Director of the Sport & Rights Alliance, said:

    “In 2018, the US, Mexico, and Canada provided clear human rights commitments in their bid documents to host the 2026 FIFA Men’s World Cup.

    “Despite FIFA’s mantra that ‘football unites the world,’ a World Cup held under discriminatory and exclusionary policies risks deepening social divides rather than bridging them. FIFA should exert its leverage and demand concrete, legally binding guarantees that human rights won’t be further sacrificed for the sake of the game.”

    Right to protest; freedom of expression

    With the 2026 Men’s World Cup potentially serving as a spotlight for public criticism and controversy, the escalating crackdowns on freedom of expression and peaceful assembly, particularly for people engaged in speech and protest related to Palestinian rights, is deeply troubling, the Alliance said. Students and activists have been detained and their visas revoked for speaking out about their views. The Trump administration has also deployed National Guard troops to Los Angeles following protests against immigration arrests, claiming they constitute an act of “rebellion” against the government.

    FIFA’s stated commitments to free expression have also previously been contradicted when it has imposed rules prohibiting players and fans from making political or religious statements. At the 2022 Men’s World Cup in Qatar, for example, Iranian fans displaying “Woman, Life, Freedom” banners were removed from stadiums, while rainbow flags were confiscated at a number of matches.

    Daniel Noroña, Americas Advocacy Director at Amnesty International USA, said:

    “The ability to peacefully protest without fear of retribution is a cornerstone of a free society, yet it is increasingly under threat in the United States.

    “There is a long history of peaceful protest in global football. FIFA and the US authorities must ensure that the World Cup does not become a pretext for stifling dissent or expanding mass surveillance, and every player, fan, journalist, and resident can participate and protest without fear of sanction, arbitrary detention or discriminatory treatment.”

    Discriminatory immigration policies

    FIFA anticipates that as many as 6.5 million people could attend the 2026 tournament across the host countries. The current US administration’s abusive immigration policies, including enforced disappearances under the Alien Enemies Act, travel bans, increased detention, and visa restrictions, threaten the inclusivity and global nature of the World Cup.

    Despite President Trump’s executive order stating that teams qualifying for the 2026 Men’s World Cup will be exempt from travel bans, as of now fans and extended family members from banned countries will not be allowed to enter the United States. Delays, denials, and the real prospect of detention for fans, media, and other participants from specific countries could severely disrupt the tournament.

    Minky Worden, Director of Global Initiatives at Human Rights Watch, said:

    “FIFA should publicly acknowledge the threat US immigration and other anti-human rights policies pose to the tournament’s integrity and use its leverage with the US government to ensure that the rights of all qualified teams, support staff, media, and fans are respected as they seek to enter the United States regardless of nationality, gender identity, religion, or opinion.

    “FIFA should establish clear benchmarks and timelines for the US policy changes needed to ensure respect for immigrants’ rights during the 2026 World Cup and beyond.”

    Human Rights Watch wrote to FIFA on May 5 to say that it should use its leverage to push the Trump administration to roll back discriminatory immigration policies in the United States. FIFA responded on June 3, stating that it “expects … host countries take measures to ensure that any eligible persons who are involved in the Competition are able to enter the respective countries,” and “is actively working on this matter with relevant authorities.” FIFA also said it would engage with relevant authorities if it became aware of human rights concerns.

    Ronan Evain, Executive Director of Football Supporters Europe, said:

    “Fans travel to the World Cup to celebrate and express their passion, and any attempt to curtail our fundamental rights, including the right to free speech, is a betrayal of the spirit of football.

    “We’re particularly concerned about the potential for selective enforcement and discrimination against fans based on our perceived political views or national origin. FIFA must obtain the necessary guarantees to ensure fans from all over the world are able to safely travel and attend the games.”

    Discrimination and violence against LGBTI+ people

    The increasing legislative and rhetorical attacks on the rights of LGBTI+ people, particularly transgender people in the United States, underscore the current administration’s intention to erase transgender people from public life and dismantle crucial human rights protections. Discriminatory laws and the hostile political climate around LGBTI+ rights in the United States could directly threaten the security, bodily autonomy, dignity, and inclusion of LGBTI+ fans, players, and workers at the 2026 Men’s World Cup.

    In Mexico, LGBTI+ people, and especially trans and gender-diverse people, face violence across the country, which affects their daily lives and participation in public events. Federal and state authorities should take urgent steps to prevent and punish violence against LGBTI+ people, with particular attention to the specific risks faced by trans and gender-diverse communities.

    Gurchaten Sandhu, Director of Programs at ILGA World, said:

    “The alarming discrimination and violence against LGBTI+ individuals in the United States and Mexico cast a chilling shadow over the promise of an inclusive World Cup.

    “As organiser of the event, FIFA should demand that all host cities and states uphold universal human rights, ensuring no fan, worker, or athlete faces discrimination based on their sexual orientation, gender expression, gender identity, or sex characteristics, and that any discriminatory laws are actively challenged and nullified.”

    Press freedom

    Journalists covering the 2026 Men’s World Cup face distinct and alarming risks in both Mexico and the United States. Mexico consistently ranks among one of world’s most dangerous and deadly countries for media professionals, who face threats, harassment, and violence from both organised crime and public officials. The pervasive impunity for these crimes creates a chilling effect and zones of silence in which critical information is suppressed. In the United States, journalists could face intrusive screening, social media monitoring, and be denied entry based on perceived political views, undermining their ability to report independently.

    Antoine Bernard, Advocacy and Assistance Director at Reporters Without Borders (RSF), said:

    “Journalists covering the World Cup must be granted unimpeded access, free from arbitrary restrictions, detention, or violence.

    “FIFA and the local authorities must implement exceptional measures to protect all media workers – not only ensuring smooth entry for foreign press but actively safeguarding all journalists who will be covering large crowds, excited spectators, and potential protests, and addressing the systemic impunity that allows violence against them to persist.

    “Local law enforcement’s policies need to be strengthened to ensure the distinction of journalists from demonstrators, bystanders, and fans, and they must clearly communicate the policies they intend to follow in ensuring this distinction, in full respect of journalists’ freedom and independence.”

    Labour rights

    The immense scale of the 2026 Men’s World Cup will necessitate a massive workforce in host cities to staff stadiums, hospitality, transport, and more. The Trump administration’s dismantling of federal programs and anti-union sentiment increase the risk of exploitation and child labour, wage theft, and unsafe working conditions for these critical workers.

    Luc Triangle, General Secretary of the International Trade Union Confederation (ITUC), said:

    “The extensive network of contracts for stadium construction, hospitality, and event services in the host cities must be built on a foundation of respect for workers’ rights.

    “We are gravely concerned that without strong, enforceable labour protections, this tournament will inadvertently fuel precarious work and child labour, suppress wages, and deny workers their fundamental rights to organise and bargain collectively. FIFA must demand robust social dialogue and binding agreements to protect every worker contributing to this World Cup.”

    Transparency and anti-corruption

    The Sport & Rights Alliance also harbours significant concerns related to low governmental transparency and weak anti-corruption regulations in and around the 2026 Men’s World Cup, particularly given recent policy shifts in the United States and Mexico. As the tournament approaches, robust oversight and unwavering commitment to ethical principles are needed to prevent the exploitation of this global event for private gain at the expense of human rights and public trust.

    Tor Dølvik, Special Advisor at Transparency International, said:

    “The 2026 FIFA World Cup will take place in a global context where anti-corruption efforts are increasingly under strain.

    “All host countries and FIFA must uphold their anti-corruption responsibilities by establishing comprehensive risk management mechanisms that close potential loopholes for corruption, and reliable systems for detecting and reporting irregularities. Full transparency regarding all expenditures related to the World Cup – before, during, and after the events – will be vital in building trust and ensuring integrity throughout the process.”

    FIFA’s responsibility

    FIFA, as the chief actor responsible for an event that will leave a tremendous footprint, needs to conduct an updated human rights due diligence assessment, and unequivocally leverage its influence to ensure that the 2026 Men’s World Cup is a rights-respecting and rights-advancing event.

    A new human rights due diligence assessment should consider the need for tangible commitments to reverse discriminatory policies, strengthen protections for historically marginalised groups, ensure substantial accountability for human rights abuses, and establish truly effective, transparent, and independent grievance mechanisms for people to seek support and a remedy. Failure to act decisively risks irrevocably tarnishing the legacy of the 2026 FIFA Men’s World Cup and setting a dangerous precedent for future mega-sporting events.

    About the Sport & Rights Alliance

    The Sport & Rights Alliance’s mission is to promote the rights and well-being of those most affected by human rights risks associated with the delivery of sport. Its partners include Amnesty International, The Army of Survivors, Football Supporters Europe, Human Rights Watch, ILGA World (The International Lesbian, Gay, Bisexual, Trans and Intersex Association), the International Trade Union Confederation, Reporters Without Borders, Transparency International, and World Players Association, UNI Global Union.

    As a global coalition of leading nongovernmental organisations and trade unions, the Sport & Rights Alliance works together to ensure sports bodies, governments, and other relevant stakeholders give rise to a world of sport that protects, respects, and fulfills international standards for human rights, labour rights, child wellbeing and safeguarding, and anti-corruption.

    MIL OSI NGO –

    June 12, 2025

  • MIL-OSI USA: Rep. Jacobs, Sens. Hirono and Wyden Reintroduce Bill to Protect Reproductive and Sexual Health Data

    Source: United States House of Representatives – Congresswoman Sara Jacobs (D-CA-53)

    June 11, 2025

    Rep. Sara Jacobs (CA-51) and Senators Mazie Hirono (D-HI) and Ron Wyden (D-OR) reintroduced the landmark My Body, My Data Act, which would create a new national standard to protect reproductive and sexual health data. 

    The weaponization of private reproductive and sexual health data has increased in recent years, especially since the Supreme Court overturned Roe v. Wade. In 2017, police used web searches and text messages to charge Latice Fisher with second-degree murder after a stillbirth at home. Facebook messages were also a key piece of evidence in an abortion-related investigation of a Nebraska mother and daughter in 2022. A data broker shared cell phone and geo-location data with an anti-abortion political group that then dispensed disinformation about reproductive health to people who visited 600 abortion clinics in 48 states. Earlier this year, police investigated a Pennsylvania mother and daughter after receiving text messages about her pregnancy. 

    Rep. Sara Jacobs said: “Like millions of young people, I use a period tracking app – and the information in these apps, search history, location data, and so much more, has been collected, shared, and sold without our consent and even used to investigate and prosecute abortion cases. These threats are even scarier and more real in the second Trump Administration. That’s why I’m proud to reintroduce the My Body, My Data Act to ensure that bodily autonomy extends to our online lives and our private data. Our bicameral legislation provides the highest level of protection for our most sensitive data – reproductive and sexual health data – and I will keep fighting to pass it.”

    “As apps and devices that collect reproductive and sexual health information—like period and fertility trackers—become increasingly popular, everyone should be able to trust that their personal health data is safe and secure,” said Senator Hirono. “I am proud to reintroduce this legislation to protect people’s reproductive and sexual health data and prevent this information from being used against them. As Republicans continue their assault on our bodily autonomy and reproductive rights, I will continue doing everything in my power to ensure people have the freedom to make decisions about their own bodies and futures.”

    Sen. Ron Wyden said: “Anti-abortion Republicans are restricting abortion state-by-state, and they’re not going to stop until they get a national abortion ban,” Wyden said. “The way MAGA prosecutors and politicians enforce their cruel assault on women’s rights is by going after their privacy and abusing their personal data to track down and punish women for their personal reproductive health choices. Congress has to draw a line. I’m proud to partner with Rep. Jacobs and Sen. Hirono on the My Body, My Data Act to set the toughest protections ever for reproductive health data.”

    CEO and President of Reproductive Freedom for All, Mini Timmaraju, said: “Everyone deserves the freedom to make personal decisions about their bodies, lives, and health without the fear of surveillance or criminalization. The ‘My Body, My Data Act’ is a critical step toward protecting our most private health information—including abortion and pregnancy care—from being weaponized against us. We’re grateful to Representative Jacobs and Senator Hirono for their leadership in introducing this bold federal action. We are committed to working with them to fight back as Trump and Republicans continue to attack our fundamental freedoms.”

    “In a chaotic and dangerous post-Roe landscape, no one seeking an abortion should have to fear that their health information will be used to criminalize them,” said Jocelyn Frye, President of National Partnership for Women & Families. “Many women, including many women of color and those with low incomes, already face over-surveillance and heightened barriers to accessing abortion care. This bill is an important step in protecting data privacy surrounding abortion care, and we thank Rep. Jacobs and Senators Hirono and Wyden for their leadership on this issue.”

    “Americans’ health data is constantly used in ways that they do not expect. The My Body, My Data Act protects the privacy and safety of people seeking reproductive care but putting strict limits on when reproductive and sexual health information can be collected and how it can be used. Health care and privacy go hand in hand, and EPIC commends Rep. Jacobs for introducing this important bill,” said Caitriona Fitzgerald, Deputy Director, Electronic Privacy Information Center (EPIC).

    Andrew Crawford, Senior Counsel, Center for Democracy & Technology, said: “It’s been nearly three years since the Supreme Court decision in Dobbs v. Jackson Women’s Health Organization, and we continue to see states hostile to reproductive rights seeking access to health data. The My Body My Data Act contains critical privacy protections that limit the data companies collect and retain about their customers while providing people clear ways to access and delete their health data when they want. When companies don’t collect and keep people’s health data, they won’t have anything to turn over if folks come asking for it.”

    “As a physician, I know how critical it is for the personal information of the patients I care for to be protected. Too often, data related to reproductive health care is used to target and criminalize people seeking essential care. I am thankful to Senators Wyden and Hirono and Representative Jacobs for introducing the My Body, My Data Act of 2025. Ensuring the health and well-being of patients includes protecting the privacy of personal reproductive health information,” said Dr. Ghazaleh Moayedi, Physicians for Reproductive Health Board Chair and OB/GYN in Texas. 

    The My Body, My Data Act would:

    • Limit the personal reproductive and sexual health data that can be collected, retained, used, or disclosed to only what is needed to deliver a product or service.
    • Protect personal data collected by entities not currently covered under HIPAA, including data collected by apps, cell phones, and search engines.
    • Require regulated entities to develop and share a privacy policy outlining how they collect, retain, use, and disclose personal reproductive health information.
    • Direct the Federal Trade Commission (FTC) to enforce the law and to develop rules to implement the statute.
    • Create a private right of action to allow individuals to hold regulated entities accountable for violations. 
    • Provide additional consumer protections, including the right of an individual to access, delete, or correct their personal data if they choose to.

    The legislation is supported by Center for Democracy and Technology, Electronic Privacy Information Center, Electronic Frontier Foundation, National Partnership for Women & Families, Planned Parenthood Federation of America, Reproductive Freedom for All, Physicians for Reproductive Health, National Women’s Law Center, National Abortion Federation, Catholics for Choice, National Council for Jewish Women, Power to Decide, United for Reproductive & Gender Equity, Indivisible, Guttmacher, and National Network of Abortion Funds, All* Above All.

    ###

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI Europe: Answer to a written question – Regulation EU 631/2019 – E-001345/2025(ASW)

    Source: European Parliament

    Delivering on the EU’s climate targets[1] requires a swift decrease in greenhouse gas emissions from all sectors, including transport.

    The CO2 emission standards Regulation[2] sets targets to reduce emissions for new cars and vans, which creates long-term predictability for manufacturers and investors, while giving industry the necessary lead-time to adapt.

    This supports competitiveness, as EU manufacturers are strongly investing in zero-emission technologies and a strong home market is a crucial enabler for them to regain leadership in this area.

    From 2025, the limit value curve used for calculating car manufacturers’ specific targets has changed, taking into account recent developments in the relationship between the mass and CO2 emissions of new cars, including due to the increased uptake of battery electric vehicles.

    The CO2 targets apply to vehicles’ tailpipe emissions. This ensures that manufacturers implement innovative technologies, which reduce emissions of the vehicles when driven on the road.

    Emissions from other lifecycle stages of vehicles are regulated under separate pieces of EU legislation[3]. By end 2025, the Commission is required to adopt a methodology for assessing and reporting life-cycle CO2 emissions of vehicles.

    From June 2026, manufacturers may submit to the Commission life-cycle CO2 emissions data for their vehicles, calculated according to that methodology.

    • [1] Enshrined in the European Climate Law — http://data.europa.eu/eli/reg/2021/1119/oj.
    • [2] https://eur-lex.europa.eu/eli/reg/2023/851/oj/eng.
    • [3] Such as the EU Emission Trading System Directive — http://data.europa.eu/eli/dir/2003/87/2024-03-01 and the Renewable Energy Directive — http://data.europa.eu/eli/dir/2018/2001/2024-07-16.
    Last updated: 11 June 2025

    MIL OSI Europe News –

    June 12, 2025

  • MIL-OSI Canada: Prime Minister Carney announces a change in the leadership of the public service

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, announced his intention to name Michael Sabia as Clerk of the Privy Council and Secretary to the Cabinet, effective July 7, 2025.

    Mr. Sabia brings over three decades of expertise across the public and private sectors, including as President and CEO of Hydro-Québec, President and CEO of the Caisse de dépôt et placement du Québec (CDPQ), Canada’s Deputy Minister of Finance, and Director of the Munk School of Global Affairs & Public Policy. He has also held senior roles at Bell Canada Enterprises, as President and CEO, at Canadian National Railway, and in the Privy Council Office. In recognition of his leadership across business, finance, and public service, Mr. Sabia was named an Officer of the Order of Canada.

    As Canada’s new government builds the strongest economy in the G7, Mr. Sabia’s leadership will be key to this mission. Canada’s exemplary public service – with Mr. Sabia at the helm – will advance nation-building projects, catalyze enormous private investment to drive growth, and deliver the change Canadians want and deserve. 

    The Prime Minister thanked John Hannaford for his service as Clerk of the Privy Council and congratulated him on his upcoming retirement. Mr. Hannaford joined the federal public service in 1995 and has served in a number of senior roles, including as Deputy Minister of Natural Resources, Deputy Minister of International Trade, and Foreign and Defence Policy Advisor to the Prime Minister. From 2009 to 2012, he was Ambassador of Canada to Norway.

    Mr. Hannaford’s leadership has helped guide Canada’s response to a wide array of new trade and security challenges, and supported Canada’s new government in passing a middle-class tax cut, introducing stronger border security measures, and tabling legislation to build one Canadian economy. His expertise during the new government’s transition period has been invaluable. As Head of the Public Service, he also led a renewed dialogue on values and ethics to guide public servants as they deliver results for Canadians during these extraordinary times. To recognize his contributions to public service, Mr. Hannaford will be appointed as a member of the King’s Privy Council for Canada prior to his retirement.

    The Prime Minister also thanked the public service for their unwavering dedication at this important moment for Canada’s future.

    Quote

    “As Canada’s new government moves with focus and determination to build the strongest economy in the G7, bring down costs for Canadians, and keep communities safe, Mr. Sabia will help us deliver on this mandate and our government’s disciplined focus on core priorities. I congratulate Mr. Hannaford on his retirement as the Clerk of the Privy Council and for his steadfast dedication and service to Canada.”

    Quick Fact

    • The role of the Clerk of the Privy Council is to advise the Prime Minister and elected government officials in managing the country, from an objective, non-partisan, public policy perspective. The Clerk also ensures Canada’s federal public service is managed effectively and follows a code of value and ethics in its work to design and deliver high-quality services and programs for Canadians.

    Biographical Note

    MIL OSI Canada News –

    June 12, 2025

  • MIL-OSI USA: Problem Form: Statement on Further Extension of Compliance Date for Form PF

    Source: Securities and Exchange Commission

    Thank you, Mr. Chairman and Natasha [Greiner] and Oliver [Richard]. I support extending the compliance date for the February 8, 2024 amendments to Form PF[1] to October 1, 2025.[2] Extending the compliance date until then will give filers and their third-party service providers additional time to develop and test their reporting systems. As the request letter noted, “private fund advisers subject to the rule [need] additional time to build and test the new reporting systems and work through any outstanding reporting and interpretive questions with the goal of providing uniform data to the Commissions.”[3] The new form is not ready for prime time. The extension reflects a commitment to good governance and common-sense implementation.

    Although I support an extension, my concerns about Form PF and its recent expansions persist. We should reassess whether the information the form collects aligns with the intended purpose of the form. As I noted in my dissent to the adoption of the amendments we are extending, “unbridled curiosity rather than . . . a legitimate regulatory objective”[4] shapes the demands of Form PF. Overly extensive reporting requirements not only are unduly costly and invasive, but erroneously suggest that the government’s role with respect to private funds is akin to its role supervising banks, which have a government backstop. I support the Chairman’s directive to review Form PF to determine whether it serves its intended systemic risk mitigation purpose.

    I want to thank the Commodity Futures Trading Commission and SEC staff in the Divisions of Investment Management and Economic and Risk Analysis and Office of General Counsel for their quick work in drafting the extension release. Let me close with a word of thanks to Natasha Greiner, who has served the Commission so well for almost a quarter of a century, culminating with her role as Director of the Division of Investment Management.[5] Thank you, Natasha, and we wish you the best as you leave the agency. Your willingness to pitch in and help wherever you could will continue to serve as a model for the rest of us. You will be missed.

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI: IDEX Biometrics ASA: Mandatory notification of trade – 11 June 2025

    Source: GlobeNewswire (MIL-OSI)

    Kristian Flaten, CFO in IDEX Biometrics ASA, has bought 1,608,809 shares in IDEX Biometrics ASA, at a price of NOK 0.01 per share through the subsequent offering.

    After this transaction, Flaten owns 2,608,809 shares in IDEX Biometrics ASA.

    Please refer to the attached notification for further details.

    For further information contact:

    Kristian Flaten, CFO, Tel: +47 95092322

    E-mail: ir@idexbiometrics.com

    This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.

    Attachment

    • 2025-06-11 Notice Kristian Flaten

    The MIL Network –

    June 12, 2025

  • MIL-OSI: Canadian Online Casinos That Are Making Waves in the 2025 Gambling Scene – Findings Released by All iGaming

    Source: GlobeNewswire (MIL-OSI)

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    This guide shows how All iGaming evaluates top platforms, ensuring you make informed decisions for a safe and exciting gaming experience.

    >>Check Out the List of Top Canadian Online Casinos, Ranked by All iGaming!<<

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    All iGaming is dedicated to delivering transparency and player-focused insights. Every platform undergoes a thorough review to meet high standards of safety, fairness, and quality. Unlike generic review sites, All iGaming provides in-depth, unbiased assessments of the best online casinos in Canada, spotlighting strengths and areas for growth.

    Whether you’re seeking the best Canadian online casino, a site with minimal identity checks, or a real money online casino in Canada, All iGaming equips you with the knowledge to choose wisely and enjoy peace of mind.

    How All iGaming Ranks the Most Trusted Online Casinos in Canada

    All iGaming uses a detailed, player-first approach to identify top-tier options among the top online casinos in Canada. Each platform is evaluated based on key factors that shape your gaming journey. Here’s how we break it down:

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    With so many options, selecting a reputable platform from the best online casinos in Canada is vital to avoid scams, unfair games, or slow payouts. All iGaming’s careful reviews guide Canadian players to licensed, secure platforms that prioritize safety and fairness. By choosing verified Canadian casinos online, you can focus on the thrill of gaming without worrying about hidden risks.

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    Attachment

    • All iGaming

    The MIL Network –

    June 12, 2025

  • MIL-OSI USA: Federal Court Orders Michigan Man, California Man, and Two Nevada Companies to Pay Over $25 Million for Digital Asset Fraud

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the District of Massachusetts entered a final default judgement against Mark Gillespie of Michigan, John Roche of California, My Big Coin Pay, Inc., and My Big Coin, Inc., both of Nevada. 
     
    The order requires Gillespie, My Big Coin Pay, Inc., My Big Coin, Inc., and Roche to pay, jointly and severally a $19,326,324 civil monetary penalty and $6,442,108 in restitution to defrauded victims in connection with their role in a digital asset fraud scheme. The order also imposes a permanent injunction against the defendants and bans them from trading in any CFTC-regulated markets; entering into any transactions involving commodity interests or digital asset commodities; and registering with the CFTC. 
     
    Case Background
     
    The default order finds from at least January 2014 through June 2017, Gillespie, My Big Coin Pay, Inc., My Big Coin, Inc., and Roche, together with co-defendant Randall Crater, one of the other co-defendants named in the CFTC’s amended complaint, operated a digital asset scheme in which they fraudulently offered the sale of a fully-functioning virtual currency, My Big Coin (MBC), a commodity in interstate commerce. The CFTC dismissed its enforcement action against named co-defendant Michael Kruger because of his death.
     
    The defendants obtained more than $6 million from at least 28 customers through fraudulent solicitations, including false and misleading claims and omissions about MBC’s value, usage, and trade status, and that MBC was backed by gold. Crater misappropriated virtually all the money solicited from customers, using those misappropriated funds wrongfully.
     
    The order resolves the claims against Gillespie, Roche, My Big Coin Pay, Inc., and My Big Coin, Inc., in the CFTC’s enforcement action. [See CFTC Press Release 7678-18] The court had previously entered a consent order resolving the CFTC’s claims against Crater, who is currently imprisoned for his role in the scheme. [See CFTC Press Release 9051-25]
     
    The CFTC cautions that orders requiring repayment of funds to victims may not result in the recovery of any money lost because the wrongdoers may not have sufficient funds or assets. The CFTC will continue to fight vigorously for the protection of customers and to ensure the wrongdoers are held accountable.
     
    Parallel Criminal Action
     
    On January 18, 2022, a grand jury returned an eight-count superseding indictment charging Crater with wire fraud, unlawful monetary transactions, and operating an unlicensed money transmitting business based on the same conduct alleged in the CFTC’s amended complaint. [United States v. Randall Crater, No. 1:19-cr-10063-DJC (D. Mass. Jan. 18, 2022)).] Crater was found guilty of those charges on July 21, 2022, and was sentenced to 100 months in prison and ordered to pay $7,668,317.50 in restitution to defrauded customers and to forfeit $7,668,317.50, which represented the proceeds he received from his violations.
     
    The CFTC appreciates the assistance of the U.S. Attorney’s Office for the District of Massachusetts, the Fraud Section of the U.S. Department of Justice, and the FBI.
     
    Division of Enforcement staff responsible for this case are Traci Rodriguez, Daniel Ullman II, Chrystal Gonnella, Dmitriy Vilenskiy, Paul G. Hayeck, and former Division staff members Jonah E. McCarthy, Jason Mahoney, John Einstman, Hillary Van Tassel, Patricia Gomersall, and Kyong J. Koh.

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI China: Foreign Minister Lin meets with Eswatini delegation led by Foreign Minister Shakantu

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    June 4, 2025  
    No. 194  

    On the afternoon of June 4, Minister of Foreign Affairs Lin Chia-lung met with a delegation from the Kingdom of Eswatini led by Minister of Foreign Affairs and International Cooperation Pholile Shakantu. During their meeting, they had an extensive exchange of views on such topics as bilateral cooperation, trade, and investment. 
     

    In his remarks, Minister Lin stated that he had visited Eswatini in late April as presidential special envoy to join the birthday celebrations for King Mswati III. He added that this meeting with Minister Shakantu and other ministerial-level officials from Eswatini just over one month later demonstrated the close and frequent interactions between the two countries and symbolized the strength of their diplomatic alliance. 

     

    Minister Lin took the opportunity to express appreciation once again to King Mswati III and the Eswatini government for their long-standing and staunch support for Taiwan in the international arena, such as at the recently concluded World Health Assembly, the United Nations, and other multilateral forums. He stressed that Eswatini’s consistent advocacy for Taiwan had touched the hearts of the people of Taiwan. 

     

    Minister Lin said that during his trip to Eswatini in April, he and King Mswati III had discussed such topics as strengthening bilateral economic, trade, investment, and tourism exchanges, as well as Taiwan’s assistance in building 5G smart cities and developing energy resources in Eswatini. He expressed confidence that the close collaboration between the two countries would spur Eswatini’s national development and better ensure the welfare of both peoples, stating that this would realize Taiwan’s vision of advancing allies’ prosperity and demonstrate that Taiwan could help and that Eswatini could serve as a leader on the African continent. 

     

    Minister Shakantu thanked Minister Lin for rapidly formulating a series of concrete plans following his trip to Eswatini in April that would advance bilateral cooperation and Eswatini’s development, underscoring Taiwan’s high regard for and steadfast commitment to its allies. She also expressed the hope to see greater investment and more tourists from Taiwan in Eswatini through the Diplomatic Allies Prosperity Project, thereby fueling bilateral exchanges.  

     

    Earlier on June 4, Deputy Minister of Foreign Affairs François Chihchung Wu hosted a luncheon for the delegation. Attendees at the luncheon included International Trade Administration Secretary General Amelia W. J. Day, Export-Import Bank of the ROC President Hsieh Fu-hua, Hua Nan Bank Vice Chairman T. Lin, MOFA Department of International Cooperation and Economic Affairs Director General Lien Yu-ping, and MOFA Department of West Asian and African Affairs Deputy Director General Chen Yung-po. They exchanged views with the members of the Eswatini delegation on a variety of issues. 

     

    Eswatini is an important diplomatic ally of Taiwan in Africa. MOFA will continue to maintain close interactions with the Eswatini government and actively seek to enhance mutually beneficial collaboration in all fields so as to realize the vision of advancing allies’ prosperity and thereby deepen and consolidate diplomatic relations between the two countries. (E)

    MIL OSI China News –

    June 12, 2025

  • MIL-OSI USA: Justice Department and FTC to Host Listening Sessions on Lowering Americans’ Drug Prices Through Competition

    Source: US State of California

    Sessions to Discuss Generic and Biosimilar Availability, Prescription Drug Formularies and Benefits, and Regulatory Barriers

    As part of implementing President Trump’s Executive Order No. 14273, Lowering Drug Prices by Once Again Putting Americans First, the Justice Department’s Antitrust Division and the Federal Trade Commission, along with the Department of Commerce and the Department of Health and Human Services, will jointly host listening sessions to discuss ways to make prescription drugs more affordable for Americans by promoting competition. The three listening sessions will occur under the direction of Assistant Attorney General Gail Slater and FTC Chairman Andrew N. Ferguson.

    The listening sessions will focus on improving the affordability of pharmaceuticals by increasing generic and biosimilar availability and promoting competition through drug formularies and benefits. The sessions, which will feature remarks by practitioners and scholars, will cover anticompetitive practices as well as eliminating regulatory barriers and rent seeking. The listening sessions will inform the FTC and DOJ’s joint report on combatting anticompetitive practices in pharmaceutical markets, as mandated by President Trump’s Executive Order.

    The dates for the sessions are as follows:

    • Monday, June 30 at 2 p.m. ET – Anticompetitive Conduct by Pharmaceutical Companies Impeding Generic or Biosimilar Competition

    • Thursday, July 24 at 2 p.m. ET – Formulary and Benefit Practices and Regulatory Abuse Impacting Drug Competition

    • Monday, August 4 at 2 p.m. ET – Turning Insights into Action to Reduce Drug Prices

    The listening sessions will be streamed on the FTC and DOJ websites, with videos and transcripts posted after the events. Additional information will be posted to the event page to each session. 

    MIL OSI USA News –

    June 12, 2025

  • MIL-OSI Security: Justice Department and FTC to Host Listening Sessions on Lowering Americans’ Drug Prices Through Competition

    Source: United States Attorneys General

    Sessions to Discuss Generic and Biosimilar Availability, Prescription Drug Formularies and Benefits, and Regulatory Barriers

    As part of implementing President Trump’s Executive Order No. 14273, Lowering Drug Prices by Once Again Putting Americans First, the Justice Department’s Antitrust Division and the Federal Trade Commission, along with the Department of Commerce and the Department of Health and Human Services, will jointly host listening sessions to discuss ways to make prescription drugs more affordable for Americans by promoting competition. The three listening sessions will occur under the direction of Assistant Attorney General Gail Slater and FTC Chairman Andrew N. Ferguson.

    The listening sessions will focus on improving the affordability of pharmaceuticals by increasing generic and biosimilar availability and promoting competition through drug formularies and benefits. The sessions, which will feature remarks by practitioners and scholars, will cover anticompetitive practices as well as eliminating regulatory barriers and rent seeking. The listening sessions will inform the FTC and DOJ’s joint report on combatting anticompetitive practices in pharmaceutical markets, as mandated by President Trump’s Executive Order.

    The dates for the sessions are as follows:

    • Monday, June 30 at 2 p.m. ET – Anticompetitive Conduct by Pharmaceutical Companies Impeding Generic or Biosimilar Competition

    • Thursday, July 24 at 2 p.m. ET – Formulary and Benefit Practices and Regulatory Abuse Impacting Drug Competition

    • Monday, August 4 at 2 p.m. ET – Turning Insights into Action to Reduce Drug Prices

    The listening sessions will be streamed on the FTC and DOJ websites, with videos and transcripts posted after the events. Additional information will be posted to the event page to each session. 

    MIL Security OSI –

    June 12, 2025

  • MIL-OSI Africa: Orange Middle East and Africa and risingSUD join forces to facilitate the establishment and development of startups in the South of France

    At the Viva Technology trade show in Paris, Orange Middle East and Africa (OMEA) (www.Orange.com), represented by its CEO Jérôme Hénique, and risingSUD, represented by its President Bernard Kleynhoff, signed a strategic partnership to support the establishment and growth of African startups in the Orange Digital Center network in the Provence-Alpes-Côte d’Azur region, in the South of France.

    This three-year partnership aims to bring together innovation ecosystems in Africa, the Middle East, and the South of France. Specifically, startups from the Orange Digital Center network will benefit from tailored support from the teams at risingSUD, the Provence-Alpes-Côte d’Azur region’s economic attractiveness and development agency, to establish themselves in the South of France. They will thus join a dynamic region that is already home to 500,000 companies, including global leaders and startups that are inventing the world of tomorrow.

    With this partnership, OMEA strengthens its support for the internationalization of startups from Africa and the Middle East and reaffirms its commitment to developing the continent’s entrepreneurial ecosystems. Deployed in 17 countries in Africa and the Middle East and eight countries in Europe, the Orange Digital Center network is a free and accessible ecosystem for all. It brings together, in one place, digital skills training for young people, support for project leaders, incubation, acceleration, and startup financing.

    In 2024 alone, risingSUD supported the establishment of 14 African companies in the South of France, including the startup from the Orange Digital Center in Tunisia, Guépard, which opened an office in Marseille. This partnership will allow more startups from Africa and the Middle East to benefit from risingSUD’s expertise, ranging from project development to access to financing and networking with international partners. It will also facilitate access for talent and startups from the South region to the Orange Digital Centers network.

    ​​​Jérôme Hénique, CEO of Orange Middle East and Africa, commented: “This partnership with risingSUD marks a key step in our ambition to promote African innovation internationally. It is a continuation of the support we offer startups through our Orange Digital Centers. By facilitating their establishment and acceleration in France, particularly in the South region, we are giving young African companies the means to accelerate their growth.”

    Bernard Kleynhoff, President of risingSUD and President of the Economic and Digital Development, Industry, Export, Attractiveness and Cybersecurity Commissions of the Sud Region, added: “Thanks to its strategic position, its historical trade flows and its commitment to innovation, the South of France is a natural bridge between Europe, Africa and the Middle East. It is now the leading French region for hosting African investment projects. This partnership opens up new economic opportunities and constitutes a real springboard for the development of businesses on both sides of the Mediterranean.”

    Distributed by APO Group on behalf of Orange Middle East and Africa.

    MIL OSI Africa –

    June 12, 2025

  • MIL-OSI Europe: New group to drive down business costs

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    11th June 2025

    • The Cost of Business Advisory Forum met today for the first time
    • Group chaired by Former Labour Court Judge Kevin Foley, and Vice Chaired by Mr. Ronan Byrne, Manager of Bloomfield Hotel

    The Inaugural meeting of a new Department of Enterprise-led group to examine the costs involved in running a business held its first meeting today. 

    The Minister for Enterprise, Tourism and Employment Peter Burke has established the new group with the aim of reducing the cost of running a business, and addressing delays which can impact the operation of businesses in Ireland. For the first time, regulators will be directly in the room to hear from business owners and representatives themselves.

    The Forum brings together business owners, retailers, tourism operators, accounting professionals and representative groups—alongside regulators and state agencies—to look at the structural issues that are driving up costs and the steps that could be taken to mitigate them.  

    “I’ve been looking forward to the first meeting of the Cost of Business Advisory Forum, and hearing directly from the people who run businesses, employ our citizens and keep our economy strong. I believe it is important for our regulators, our Government Departments and our decision-makers to hear directly from this key cohort, the people that are at the coal face when we implement policy and regulations.

    “I want to thank Mr. Kevin Foley, former Chair of the Labour Court, and Mr. Ronan Byrne, General Manager of Bloomfield Hotel for agreeing to be our Chairperson and Vice-Chairperson, respectively. This Forum is about balance and reflecting all sectors of business, and ensuring all voices are heard in this important discussion.

    “After our initial meeting, each subsequent session will focus on a specific theme, like licensing, infrastructure, or regulatory fees, with the relevant regulators invited to attend and respond. The goal is to create a space where businesses can speak directly to decision-makers about the real-world impact of rules and charges—and identify areas to make practical changes.”

    ENDS

    Notes to Editors

    Group includes representatives from:

    • American Chamber of Commerce (AmCham)
    • Chambers Ireland
    • Chartered Accountants Ireland
    • Irish Business Employers Confederation (IBEC)
    • Irish Exporters Association
    • Irish Farmers Association (IFA)
    • Irish Small and Medium Enterprises (ISME)
    • Irish Tax Institute
    • Irish Tourism Industry Confederation (ITIC)
    • Retail Excellence Ireland
    • Small Firms Associations (SFA)
    • Central Bank 
    • Coimisiún na Mean
    • Commission for Communications Regulation (ComReg)
    • Commission for Regulation of Utilities (CRU)
    • Companies Registration Office
    • Competition and Consumer Protection Commission
    • Eirgrid
    • Enterprise Ireland 
    • Environmental Protection Agency (EPA)
    • ESB Networks
    • Fáilte Ireland
    • Gas Networks Ireland
    • Health & Safety Authority
    • IDA Ireland
    • Transport Infrastructure Ireland (TII)
    • Office of the Revenue Commissioners
    • Immigration Service Delivery

    Back to Department News

    Back to Top

    MIL OSI Europe News –

    June 12, 2025

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 11.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  11.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 11.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           11.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 000 Shares
    Average price/ share    6,3000 EUR
    Total cost            6 300,00 EUR
         
         
    Siili Solutions Plc now holds a total of 9 198 shares
    including the shares repurchased on 11.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    

    Attachment

    • SIILI 11.6.2025 Trades

    The MIL Network –

    June 12, 2025

  • MIL-OSI Analysis: Resilient, sustainable food systems are Canada’s best defence against American tariffs

    Source: The Conversation – Canada – By Érick Duchesne, Professeur, Département de science politique, Université Laval

    Earlier this year, Donald Trump’s administration in the United States reimposed tariffs on Canadian items, including agricultural products, citing supposed national security concerns. Agricultural products have little to do with defence, and the move sent shockwaves through Canada’s farming community.

    We are members of the Common Ground Network, a national initiative of about 100 scholars promoting collaboration for sustainable agriculture and food systems in Canada.

    The Common Ground Network is closely monitoring the impact of tariffs and trade tensions on Canadian communities and the transition to a net-zero economy across all regions of Canada.

    The consequences for Canadian and American agriculture run deep — and could prove long-lasting. According to RealAgristudies’s survey of 660 Canadian farmers, 59 per cent expected a negative impact on their business, rising to 88 per cent in the livestock sector.

    Structural risk ahead if tariffs remain

    Trump’s tariffs have sharply reduced Canada’s agricultural exports to the U.S., with beef, pork and canola hit hardest. U.S. Department of Agriculture data shows an eight to five per cent drop in beef and pork exports in early 2025 compared to 2024.

    Fed cattle prices plummeted 22.6 per cent, with estimated revenue losses of C$4.02 billion. Canola exports are also expected to decline significantly.

    If current tariffs persist, Canada is at risk not just of short-term disruption but long-term structural damage to its agri-food sector. Rising input costs, shrinking revenues and market volatility are squeezing farmers and weakening overall competitiveness. Some Canadian producers are already struggling with oversupply due to market disruption.

    The tariffs could also threaten the economic sovereignty and food access of Indigenous farmers who rely on cross-border trade, and remote communities that depend on imported goods for food supply. If prolonged, these trade shocks could cut Canada’s GDP by three per cent, spark a recession and fuel lasting price volatility.

    American farmers also feeling the pain

    Ironically, Trump’s protectionism is also hurting American farmers. Canada, which supplies 20 per cent of agri-food imports to the U.S., has imposed retaliatory tariffs on goods like cheese and apples, prompting Canadian buyers to shift to other suppliers. That could result in long-term market share loss for U.S. producers.

    Integrated supply chains are strained, with American processors now facing higher costs for Canadian products like canola oil, beef and pork. Combined with domestic issues like water restrictions and labour shortages, U.S. agriculture is under mounting pressure on various fronts.

    Canada and the U.S. have built one of the world’s most integrated agri-food systems. In 2023, bilateral trade in the sector reached US$72.6 billion.

    This interdependence matters: a hamburger might include Canadian beef raised in the U.S., processed in Ontario and served on a Canadian wheat bun. But tariffs and mistrust now threaten this co-operation. Once lost, these market positions may be hard to recover, even after tariffs are lifted, as rebuilding supply chains and cross-border trust will be slow.

    Trade tensions are affecting food security and grocery baskets in multiple ways. Higher costs are passed on to consumers, creating lasting price increases — especially for goods with few substitutes, like coffee.

    The Consumer Price Index shows that prices of food purchased from stores increased 3.9 per cent between January 2025 and April 2025, fuelled by tariffs. Infant formula increased by six per cent, coffee by about 10 per cent and some beef cuts by about 13 per cent.



    Read more:
    Trump tariffs have sparked a ‘Buy Canadian’ surge, but keeping the trend alive faces hurdles

    Shortages from rising costs and reduced U.S. demand limit choices and drive prices up — especially hurting low-income households. These tariffs fuel food inflation and reduce access to essentials.

    Tariffs are also shifting behaviour: Food Processing Skills Canada found that 67 per cent of Canadians are buying more local products, 76 per cent are avoiding U.S. goods and 43 per cent have changed their grocery habits significantly. These trends were echoed in Angus Reid’s February 2025 study.

    The net-zero transition

    The tariffs will probably disrupt Canada’s ability to meet its net-zero emissions targets by 2050. Food processors and farmers in Canada relying on U.S. machinery and clean-tech components now face higher costs, slowing the adoption of low-emission technologies and sustainable agricultural practices.

    The tariffs are likely to undermine efforts to build a resilient, adaptive food system in Canada capable of withstanding climate-related disruptions. Dealing with the tariffs along with the need to reconfigure supply chains will likely increase Canada’s carbon footprint, whether that’s due to the increased transport emissions of distant markets or delayed or cancelled investments in carbon-reducing technologies.

    These trade disruptions also risk diverting political attention away from long-term sustainability goals. The current political focus may prioritize short-term economic stabilization, potentially stalling the momentum needed for a transformative food system change in Canada.



    Read more:
    Canadian Food Policy Advisory Council: A collaborative approach to strengthening food systems

    Canada needs to respond boldly

    Canada can diversify exports through its 15 trade deals, including the Canada-European Union Comprehensive Economic and Trade Agreement, known as CETA, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Canada’s 15 trade agreements provide access to 51 countries, representing 66 per cent of global GDP, which is the total value of all goods and services produced in the world during a specific time period.

    Furthermore, Canada can pursue new trade agreements and partnerships in emerging markets and invest more to further help the agri-food sector expand globally.

    Canada can challenge unfair trade practices through the Canada-United States-Mexico Agreement’s state-to-state dispute panels and the binational panel review mechanism to challenge U.S. tariffs on Canadian goods.

    Canada can also leverage trade alliances like the Ottawa Group — a 14-member coalition that works on addressing multilateral trade challenges — to voice its concerns on the global stage.

    Investing in agricultural innovation can also boost productivity, reduce emissions, enhance global competitiveness and build resilience against tariff shocks.

    Improvements to transportation networks, storage and processing facilities, and broadband connectivity are also critical for reducing supply chain bottlenecks and enabling rural producers to access broader markets.

    Trump has repeatedly threatened Canada’s supply management system, which controls the dairy, egg and poultry industries. Supply management has been a reliable system for Canadian farmers and consumers. Easing interprovincial trade and supporting local food systems to reduce the unnecessary exports of dairy products and cold-climate fruits, beef and seafood could result in greater national self-reliance.

    Dairy cows at a Québec farm.
    THE CANADIAN PRESS/Ryan Remiorz

    Strategy over retaliation

    In response to American tariffs, there has been a shift in consumer sentiment. This presents an opportunity to encourage consumers to support local producers, reduce dependence on imports and build national economic resilience.

    Canada must rethink its trade and agricultural frameworks for the decades ahead.

    The future of Canada’s farming sector — and by extension its food security, rural communities and economic sovereignty — will depend on its ability to turn today’s crisis into tomorrow’s opportunity.

    Érick Duchesne is a member of the Common Ground Network, which is funded by the Social Sciences and Humanities Research Council of Canada (SSHRC).

    Gregory Cameron is a member of the Common Ground Network, which is funded by the Social Sciences and Humanities Research Council of Canada (SSHRC).

    Gumataw Abebe is a member of the Common Ground Network, which is funded by the Social Sciences and Humanities Research Council of Canada (SSHRC).

    Monika Korzun is a member of the Common Ground Network. She receives research funding from the Social Sciences and Humanities Research Council of Canada (SSHRC) as well as Natural Sciences and Engineering Research Council (NSERC). Monika Korzun is a board member of the Atlantic Food Action Coalition (AFAC).

    – ref. Resilient, sustainable food systems are Canada’s best defence against American tariffs – https://theconversation.com/resilient-sustainable-food-systems-are-canadas-best-defence-against-american-tariffs-257946

    MIL OSI Analysis –

    June 12, 2025

  • MIL-OSI Canada: Saskatchewan Building Permit Growth Up 31.5 Per Cent, Leading the Nation

    Source: Government of Canada regional news

    Released on June 11, 2025

    Province’s Strong Year-Over-Year Growth Ranks First Among the Provinces

    Statistics Canada’s latest figures indicate a 31.5 per cent increase from April 2024 to April 2025 (seasonally adjusted) in the value of building permits issued in Saskatchewan. The value reached $290 million (seasonally adjusted) in April 2025.

    “The continued rise in building permits demonstrates how our strong economy is delivering for Saskatchewan people,” Trade and Export Development Minister Warren Kaeding said. “Our stable business environment and competitive incentives are bringing jobs, investments and opportunities to everyone who calls this province home.” 

    Month-over-month figures also saw growth, with the value increasing 2.9 per cent from March 2025. Non-residential building permits increased by 57.1 per cent.

    The total value of building permits represents the dollar value of construction permits for residential and non-residential buildings.

    Statistics Canada’s latest GDP numbers indicate that Saskatchewan’s 2024 real GDP reached an all-time high of $80.5 billion, increasing by $2.6 billion, or 3.4 per cent. This ranks Saskatchewan second in the nation for real GDP growth and above the national average of 1.6 per cent. 

    Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces for growth. Private capital investment is projected to reach $16.2 billion in 2025, an increase of 10.1 per cent over 2024. This is the second highest anticipated percentage increase among the provinces.  

    Last year, the province released Securing the Next Decade of Growth: Saskatchewan’s Investment Attraction Strategy, in conjunction with the launch of the investSK.ca website. These initiatives are positioned to amplify growth in Saskatchewan, serving as pivotal instruments in driving further development. 

    For more information, visit: InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

    June 12, 2025

  • MIL-OSI Asia-Pac: Foreign Minister Lin meets with Eswatini delegation led by Foreign Minister Shakantu

    Source: Republic of China Taiwan

    June 4, 2025  No. 194  On the afternoon of June 4, Minister of Foreign Affairs Lin Chia-lung met with a delegation from the Kingdom of Eswatini led by Minister of Foreign Affairs and International Cooperation Pholile Shakantu. During their meeting, they had an extensive exchange of views on such topics as bilateral cooperation, trade, and investment.  
    In his remarks, Minister Lin stated that he had visited Eswatini in late April as presidential special envoy to join the birthday celebrations for King Mswati III. He added that this meeting with Minister Shakantu and other ministerial-level officials from Eswatini just over one month later demonstrated the close and frequent interactions between the two countries and symbolized the strength of their diplomatic alliance. 
     
    Minister Lin took the opportunity to express appreciation once again to King Mswati III and the Eswatini government for their long-standing and staunch support for Taiwan in the international arena, such as at the recently concluded World Health Assembly, the United Nations, and other multilateral forums. He stressed that Eswatini’s consistent advocacy for Taiwan had touched the hearts of the people of Taiwan. 
     
    Minister Lin said that during his trip to Eswatini in April, he and King Mswati III had discussed such topics as strengthening bilateral economic, trade, investment, and tourism exchanges, as well as Taiwan’s assistance in building 5G smart cities and developing energy resources in Eswatini. He expressed confidence that the close collaboration between the two countries would spur Eswatini’s national development and better ensure the welfare of both peoples, stating that this would realize Taiwan’s vision of advancing allies’ prosperity and demonstrate that Taiwan could help and that Eswatini could serve as a leader on the African continent. 
     
    Minister Shakantu thanked Minister Lin for rapidly formulating a series of concrete plans following his trip to Eswatini in April that would advance bilateral cooperation and Eswatini’s development, underscoring Taiwan’s high regard for and steadfast commitment to its allies. She also expressed the hope to see greater investment and more tourists from Taiwan in Eswatini through the Diplomatic Allies Prosperity Project, thereby fueling bilateral exchanges.  
     
    Earlier on June 4, Deputy Minister of Foreign Affairs François Chihchung Wu hosted a luncheon for the delegation. Attendees at the luncheon included International Trade Administration Secretary General Amelia W. J. Day, Export-Import Bank of the ROC President Hsieh Fu-hua, Hua Nan Bank Vice Chairman T. Lin, MOFA Department of International Cooperation and Economic Affairs Director General Lien Yu-ping, and MOFA Department of West Asian and African Affairs Deputy Director General Chen Yung-po. They exchanged views with the members of the Eswatini delegation on a variety of issues. 
     
    Eswatini is an important diplomatic ally of Taiwan in Africa. MOFA will continue to maintain close interactions with the Eswatini government and actively seek to enhance mutually beneficial collaboration in all fields so as to realize the vision of advancing allies’ prosperity and thereby deepen and consolidate diplomatic relations between the two countries. (E)

    MIL OSI Asia Pacific News –

    June 12, 2025

  • MIL-OSI United Kingdom: Agreement protects sovereignty and economic security of Gibraltar

    Source: United Kingdom – Executive Government & Departments

    Press release

    Agreement protects sovereignty and economic security of Gibraltar

    Political agreement reached that will protect British sovereignty, UK military autonomy and secure Gibraltar’s economic future.

    • UK, alongside the Government of Gibraltar, reaches a political agreement with the EU which will protect British sovereignty, UK military autonomy and secure Gibraltar’s economic future. 

    • Agreement resolves the last major unresolved issue from Brexit, avoiding the need for checks on people and goods crossing the Gibraltar-Spain border to support prosperity in the region. 

    • Chief Minister of Gibraltar, Fabian Picardo, central to the agreement as Foreign Secretary visits Gibraltar this morning. 

    The UK Government has today [11 June] reached a political agreement with the EU which will secure Gibraltar’s economy, provide certainty for people and businesses in Gibraltar and protect British sovereignty. 

    This government inherited a situation which left Gibraltar’s economy and way of life under threat. Gibraltar was not included in the UK-EU Trade and Cooperation Agreement negotiated by the previous UK government following Brexit. Instead, the previous government began negotiations in 2021 to reach a deal which has remained unresolved until today. 

    Approximately 15,000 people – over half of Gibraltar’s workforce – cross the land border between Spain and Gibraltar every day. Without a new agreement, the EU’s incoming system of entry and exit controls would have introduced a ‘hard border’ under which every individual passport was checked.    

    Today’s agreement provides a practical solution to avoid the need for onerous checks and long delays at the border which would have proved ruinous for Gibraltar’s economy – costing hundreds of millions a year and placing pressure on the UK taxpayer for fiscal support, underlining the government’s commitment to economic stability under the Plan for Change.  

    The Chief Minister of Gibraltar, Fabian Picardo, has been central to the negotiations from the start and today’s agreement has his full backing.  

    Foreign Secretary David Lammy said: 

    This government inherited a situation from the last government which put Gibraltar’s economy and way of life under threat. Today’s breakthrough delivers a practical solution after years of uncertainty.  

    Alongside the Government of Gibraltar, we have a reached an agreement which protects British sovereignty, supports Gibraltar’s economy and allows businesses to plan for the long-term once again. 

    I thank the Chief Minister and his Government for their tireless dedication throughout the negotiations. The UK’s commitment to Gibraltar remains as solid as the Rock itself.” 

    Chief Minister of Gibraltar Fabian Picardo said: 

    I’m delighted we have finalised a conclusive political agreement which will bring legal certainty to the people of Gibraltar, its businesses and to those across the region who rely on stability at the frontier. 

    I have worked hand in glove with the UK government throughout this negotiation to deliver the deal Gibraltar wants and needs – one that will protect future generations of British Gibraltarians and does not in any way affect our British sovereignty. 

    Now is the time to look beyond the arguments of the past and towards a time of renewed cooperation and understanding. Now the deal is done, it’s time to finalise the Treaty.

    As the only UK overseas territory which shares a border with the EU, today’s political agreement provides a practical solution for the unique situation faced by the people of Gibraltar whose livelihoods depend on a fluid border.  

    Under the agreement, there will be:  

    • A clause agreed by all sides which makes explicitly clear that the final Treaty does not impact sovereignty.    

    • A fluid border between Gibraltar and Spain, without checks on people crossing.  

    • Dual border control checks for arrivals by air at Gibraltar airport, carried out by Gibraltar and Spanish officials. Immigration and law and order in Gibraltar will remain the exclusive responsibility of Gibraltar’s authorities. Spanish officials will be responsible for ensuring the integrity of the Schengen Area, in a model similar to French police operating in London’s St Pancras station.   

    • A bespoke goods and customs model for products entering Gibraltar across its land border, avoiding the need for onerous checks.  

    • Full operational autonomy of the UK’s military facilities in Gibraltar, which play a vital role in protecting regional security and important trade routes.  

    • The opportunity for flights to operate from Gibraltar airport to EU destinations, increasing Gibraltar’s connectivity to the continent and improving its prosperity.  

    The agreement clears the way for finalisation of a UK-EU Treaty Text on Gibraltar, which all parties have committed to complete as quickly as possible.   

    Background

    • Gibraltar is a UK overseas territory located on the southern tip of the Iberian Peninsula that was formally ceded to the United Kingdom from Spain in 1713 under the Treaty of Utrecht.   

    • The people of Gibraltar expressed their overwhelming desire to remain British in referenda in 1967 (99%) and 2002 (98%).  

    • Negotiations for a UK-EU Treaty on Gibraltar began in October 2021 under the previous UK government.  

    • The final Treaty will be subject to ratification by the UK and Gibraltar parliaments.  

    • The UK Strategic Defence Review set out the importance of maintaining the UK military presence in Gibraltar, including for maritime force protection operations, upholding the sovereignty of British Gibraltar Territorial Waters, as well as providing a base at a strategic location at the western entrance to the Mediterranean to provide critical support to UK—and allied— military objectives.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

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

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    Updates to this page

    Published 11 June 2025

    MIL OSI United Kingdom –

    June 12, 2025
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