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Category: Trade

  • MIL-OSI USA: Tuberville Calls for Clearer Crypto Regulations Following Discussion with the Honorable Brian Quintenz

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) spoke with President Trump’s nominee to be Chairman of the Commodity Futures Trading Commission (CFTC), Brian Quintenz. They discussed how both the U.S. Securities and Exchange Commission (SEC) and the CFTC share enforcement responsibilities but lack clear jurisdictional boundaries, which has created confusion for innovators and entrepreneurs. While the SEC determines which products fall under its purview, the CFTC has mainly focused on fraud cases involving crypto. Senator Tuberville and Mr. Quintenz agreed that Congress must provide clearer regulatory guidance to foster compliant innovation and protect investors in the digital asset space.

    Read Sen. Tuberville’s remarks below or watch on YouTube or Rumble.

    TUBERVILLE: “Mr. Quintez, thank you for being here today.”

    QUINTENZ: “Thank you, Senator.”

    TUBERVILLE: “It’s good to see you and your family. Thank you for your willingness to serve. You know, for the last four years, the Biden administration led an attack on cryptocurrencies and digital assets. It was obvious to all of us—I think you know that better than anybody. One of the ways they did this was by attacking leaders in the digital asset industry, like yourself. I’m glad to see that today we live in a new world with the most pro-crypto President and administration that we have seen. I’m eager to see you lead the CFTC as we enter the Golden Age of American innovation and prosperity, and I look forward to supporting your nomination.

    When you came by my office prior to this hearing, we discussed how you were debanked because of your leadership and stance on digital assets. For years, my Democrat colleagues said that this was not happening. Obviously, it was. You were even sent a letter informing you that you were being debanked. 

    Mr. Chairman, I would like to ask for unanimous consent that the letter dated July 7, 2023, from UBS to Mr. Quintenz be entered into the record. Thank you. Mr. Quintenz, would you like to discuss this letter and the broader Biden administration attack on crypto?”

    QUINTENZ: “Thank you very much, Senator. I was very disappointed to receive that. First of all, I’d like to say that the relationship manager and financial advisor mentioned in that letter is a trusted family friend, and I don’t hold this against him at all. I think the only reason why this would happen is because of pressure from the regulators to debank a disfavored industry. You know, these were accounts that were set up for my children to receive $100 worth of stock from their grandparents for Christmas, so I don’t want to also overemphasize the pain that this caused me. But I think it is endemic of what happened during the last administration that I do not think represented American values. And I know from personal experience that there were investments that our firm was trying to make into small teams. And our firm couldn’t even send them a check because they couldn’t open a bank account because they were in the crypto industry. I believe legal businesses deserve access to legal services, and I’m glad that is starting to change.”

    TUBERVILLE: “Thank you. That was a pretty tough time, and I understand what you were going through. We’re all curious about the growth of prediction markets. Can you talk about the benefits of the markets and how various businesses and industries can use them for risk management when they otherwise may not have access to appropriate hedging tools?”

    QUINTENZ: “Thank you, Senator. When I was at the Commission, I read the law, and the law was clear: the Commodity Exchange Act recognizes that an event posing financial, commercial, or economic consequences is a commodity. I think the reason The Commodity Futures Modernization Act of 2000—which was passed into law by President Clinton—did that was because it recognized that events posed risks to individuals, small businesses, and large firms in the same way that exposure to physical commodity prices does. These risks have been hedged in various capacities for a long time, but traditionally it’s been through large Wall Street firms using very complicated products where there isn’t much transparency about how they operate or a clear market trading mechanism to create clarity around that. With the way this innovation is evolving, there are going to be many new methods for individuals to hedge risks they otherwise couldn’t. The innovation can be targeted to a specific event, so they don’t have to rely on some other generic form of hedging that may not correlate to that risk.”

    TUBERVILLE: “Thank you. Can you discuss the regulatory and enforcement clarity between the SEC and the CFTC as it relates to crypto, and what further congressional actions need to be taken?”

    QUINTENZ: “Thank you, Senator. From my experience at the CFTC and afterward, the agencies either share jurisdiction over the crypto spot markets or enforce markets through enforcement actions. However, it has really been the SEC’s decision to determine which products or securities they carve out and take into their own jurisdiction. Unfortunately, I believe there has been a lack of clarity offered to the marketplace, innovators, and entrepreneurs about how they could build something that complies with the law or how to build something within the SEC’s jurisdiction that follows the rules. Both agencies have experience in crypto enforcement, but for the CFTC, it has mostly confined itself to fraud cases—standard Ponzi schemes, which aren’t necessarily about people using cryptocurrency but rather about using cryptocurrency as a tool for investments and then stealing people’s money. So, to the extent that new clarity can be added to enable innovators and entrepreneurs to build compliantly, I think that is a critical issue for Congress to consider.”

    TUBERVILLE: “Thank you.”

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI Europe: Written question – Conditions for CITES certification of brown bear meat in Slovakia – P-002233/2025

    Source: European Parliament

    Priority question for written answer  P-002233/2025
    to the Commission
    Rule 144
    Michal Wiezik (Renew)

    Slovakia authorised the culling of 350 bears following an amendment of the emergency law allowing the culling of brown bears in 55 of the country’s 79 districts.

    Last week[1] a decision about the sale of bear meat was taken. As the Slovak populations of brown bear are listed in Appendix II to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), the meat will need to be certified in order to be sold.

    • 1.What action, if any, is the Commission considering taking in relation to the Slovak emergency law vis-à-vis the provisions of the Habitats Directive[2]?
    • 2.If the Commission launches an infringement action, would it have any impact on the legality of proceeds and products (meat) from the culled brown bears and CITES certification?
    • 3.If infringement proceedings are launched, even if they would not affect the legality of bear meat sales, could the Commission nevertheless impose interim measures putting on hold any CITES certification and barring the sale of the meat from brown bears culled in Slovakia?

    Submitted: 4.6.2025

    • [1] Mäso z problémových medveďov bude dodávané do reštaurácií. Musí však spĺňať podmienky, avizuje F. Kuffa, TASR, 27 May 2025. Available at: https://tvnoviny.sk/domace/clanok/969937-maeso-z-problemovych-medvedov-bude-dodavane-do-restauracii-musi-vsak-splnat-podmienky-avizuje-f-kuffa?utm_medium=Social&utm_source=Facebook&fbclid=IwQ0xDSwKieHVleHRuA2FlbQIxMQABHtyX0ev2JZ_0-dvREf5rRo5OdES1MLUSM4Gt-H7feLwiZsWN_WUJwqWLCpLc_aem_BB6rpar2R0RjCK6aQ7RIsg&campaignsrc=tn_clipboard#Echobox=1748341100. Also reported by the BBC at https://www.bbc.com/news/articles/c4gkpy3x3ndo.
    • [2] Council Directive 92/43/EEC of 21 May 1992 on the conservation of natural habitats and of wild fauna and flora, OJ L 206, 22.7.1992, p. 7, ELI: http://data.europa.eu/eli/dir/1992/43/oj.
    Last updated: 10 June 2025

    MIL OSI Europe News –

    June 11, 2025
  • MIL-Evening Report: Family law changes will better protect domestic violence victims – and their pets

    Source: The Conversation (Au and NZ) – By Meri Oakwood, Lecturer in Law, Southern Cross University

    Zivia Kerkez/Shutterstock

    Welcome changes to family law come into effect this week to better support victims of domestic violence in property settlements.

    Importantly, the Family Law Amendment Bill 2024 will provide a new framework for determining ownership of the family pet in divorce and separation proceedings. Pets will no longer be recognised merely as property, but as “companion animals”.

    Family law courts must now consider animal abuse, including threats to harm pets, when deciding which partner is awarded ownership.

    Research suggests up to 15% of all animal cruelty cases involve domestic violence offending. Therefore, the new laws will provide some relief to partners whose beloved pets have suffered abuse.

    Part of the family

    Australia has high pet ownership, with 69% of households owning an animal companion. Some 48% have dogs and 33% have cats.

    For victims of violence, the bond with their pet is very important for emotional support. Because of this attachment, abusers often target animals as one of the ways to control their victims.

    The new laws recognise the strong emotional bond between owners and pets.
    Ksenia Raykova/Shutterstock

    Disturbing research has found animals living in violent households may be kicked, punched, held by their ears, thrown and poisoned. Injuries are common. Pets can be killed.

    When a person experiences family violence in their home, they are often asked “Why don’t you just leave?” The reasons are complicated. Perpetrators of coercive control can make their victims fearful for their own safety and their children’s – and for the safety and wellbeing of their pets.

    If victims do leave an abusive relationship, family pets are often left behind because it is too hard to find suitable accommodation. Also, the pet may be registered in the name of the abuser.

    Court’s past view of pets

    Previously, if a victim asked for ownership of their pet, courts could not consider the animal’s safety or wellbeing.

    In Australian family law, pets were viewed as personal property, similar to other possessions such as cars, furniture and electronic equipment.

    In any dispute about pets, courts would consider the following:

    • who paid for it?
    • was it a gift?
    • whose name is on the ownership documents?
    • who has possession?
    • who paid the expenses?

    In deciding custody, courts were not thinking about where the pet would be out of harm’s way. Instead the focus was on who had the superior right to title, a common question in personal property law.

    The safety and survival of a dog or cat was irrelevant in decision-making.

    Hope on the horizon

    Many Australians do not view pets as just another item of personal property. They see them as treasured family members who should be protected.

    The amended Family Law Act redefines pets as companion animals, rather than as mere property. The shift recognises the deep emotional attachments between pets and their owners.

    Any species of animal owned by a couple as a companion will be covered under the new sections of the Act. However, disputes in family law are more commonly about dogs.

    When a marriage or de facto relationship breaks down, the court will consider any past cruelty towards a pet when deciding future ownership.

    Matters for consideration will include:

    • was there family violence?
    • was there animal abuse, actual or threatened?
    • who has ownership or possession of the animal?
    • is there any attachment by an adult or child to the animal?
    • how much did each person in the household care for the animal?

    Courts will only be able to assign ownership to one party. There will be no joint custody to prevent ongoing disputes over the ownership of the pet.

    Under the new laws, custody of a pet will not be awarded to an abuser.
    Nejec Vesel/Shutterstock

    If an abused partner is confident they would be allowed to keep their companion animal if they leave a violent relationship, there is a greater chance they will seek safety.

    If a victim has fled to accommodation where they cannot keep their pet, the new laws will allow for a court order to transfer the animal to another person. A safe person.

    The sentience of animals – their ability to feel pain and fear – is still not recognised in Australian family law.

    Nevertheless, this week’s changes should lead to large numbers of companion animals gaining protection from future abuse.

    Financial abuse may constitute family violence

    Other changes to family law also come in to force this week.

    Family law courts must consider the economic effects of family violence on the victim when making decisions about property and finances after separation.

    Critically, the definition of family violence is being broadened. It will now include economic or financial abuse-related conduct, such as sabotaging the victim’s employment, forcibly controlling their money or forcing them to go into debt.

    Not paying child support for a long time might also count. Intentionally damaging a property to reduce its value will also be in the equation.

    There will also be greater protections to prevent the misuse of sensitive information that arise from confidential conversations with healthcare professionals, or with specialist support services.

    The property changes will apply to all new and existing proceedings, except where a final hearing has already commenced.

    These reforms to better protect victim-survivors of family violence and the animals they love, are long overdue.

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

    – ref. Family law changes will better protect domestic violence victims – and their pets – https://theconversation.com/family-law-changes-will-better-protect-domestic-violence-victims-and-their-pets-258189

    MIL OSI Analysis – EveningReport.nz –

    June 11, 2025
  • MIL-OSI Economics: Deadline for submitting proposals for 2025 Public Forum extended to 22 June

    Source: WTO

    Headline: Deadline for submitting proposals for 2025 Public Forum extended to 22 June

    All sessions at the Public Forum are organized by civil society, academia, business, governments, parliamentarians and intergovernmental organizations. Participants interested in organizing sessions will find further details in this information note. The online application form can be accessed from the information note. It should be completed no later than 22 June 2025 (23:59 CEST).
    Click here for more information.
    Background
    The Public Forum is the WTO’s largest outreach event, providing a unique platform for interested stakeholders from around the world to discuss the latest developments in global trade and to propose ways of enhancing the multilateral trading system. The event attracts over 2,000 representatives each year from civil society, academia, business, government, international organizations and the media. See more information on previous Public Fora.
    Should you have any questions, please contact the Public Forum Team at: [email protected].

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    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI Economics: UN Ocean Conference 2025

    Source: WTO

    Headline: UN Ocean Conference 2025

    Your Excellencies H.E. Minister Marina Silva (Brazil) and H.E. Minister Stavros Papastavrou (Greece), the two Co-Chairs of this session, Excellencies, ladies and gentlemen,
    First allow me to thank President Macron and UNSG Guterres and Costa Rica for co-hosting this important conference. (Brazil will host COP30, and Greece hosted “Our Oceans” in 2024)
    I am delighted to be here today.
    We are here because there is no other option but to protect marine and coastal ecosystems from the threats of the triple crisis of climate change, biodiversity loss, and pollution. We know that business as usual, especially in the current global context, is not an option. And trade is part of the solutions we need.
    A little-known fact is that one of the WTO’s fundamental goals, as enshrined in the preamble to our founding agreement, is the optimal use of the world’s resources in accordance with the objective of sustainable development and the protection and preservation of the environment.
    The WTO has been doing its bit – and I am convinced that if we work together, we can do much more.
    I want to make three points.
    Key Point 1: First, our landmark Agreement on Fisheries Subsidies (AFS), which I had the honour to announce to the ocean community at UNOC2 in Lisbon, delivered on SDG 14.6. With 101 WTO Members having ratified the Agreement, we now need only ten more ratifications for it to enter into force. 

    USD 22 billion in harmful fisheries subsidies are provided every year. These contribute to the overexploitation of marine resources and can ultimately lead to the collapse of fish stocks and associated economic activities. Beyond fisheries, there are over USD 2 trillion of harmful subsidies on fossil fuels, agriculture and other purposes that could be redirected.
    The Agreement establishes new multilateral rules that prohibit the most harmful forms of fisheries subsidies, freeing up resources that could be repurposed to support practices that promote healthy fisheries, livelihoods, food security and value added.
    In addition to the BBNJ we need the AFS to enter into force.  Once two-thirds of the WTO’s 166 members formally accept the agreement, its subsidy curbs will enter into force – and so will its provisions to provide developing and least-developed countries with technical and financial support to build the capacity needed to upgrade fisheries management, integrate sustainability considerations into their fisheries policies,  and otherwise implement the new rules.
    Our donor-supported Fish Fund last week launched its first call for proposals from members seeking such support – but disbursements cannot start until we get the ten more ratifications needed for entry into force. So let me once again request WTO Members that have not yet done so to help make history by ratifying the Agreement on Fisheries Subsidies as soon as possible!
    As many of you are aware, WTO Members are working to build on the Agreement on Fisheries Subsidies by agreeing on additional disciplines that will disincentivize overcapacity and overfishing, and support the sustainable management of fishing resources. Here too, I urge WTO members represented here to work with each other to help us get to yes.

    Key Point 2: Second, trade policy alone is not enough. The solutions we need require a coherent multisectoral approach that complements trade policy action with finance and investment to unlock inclusive, sustainable growth from the ocean economy, particularly for coastal developing countries and small island developing States.
    The blue economy is estimated to have an annual value of over US$ 2.6 trillion .  More than 3 billion people either directly or indirectly rely on the oceans for their livelihoods. Over 130 million are directly employed in ocean-based roles.
    Several SIDS, coastal economies and LDCs are seeking to harness the economic potential of the ocean in a sustainable manner by complementing traditional sectors such as tourism, fisheries, and seaport activities with emerging industries like marine biotechnology, energy and mineral exploration.
    They have opportunities to use trade to leverage green and blue comparative advantages – springing from their abundant renewable energy potential, sustainable agriculture, and biodiversity-based ocean products – to tap into emerging sustainable value chains.
    If they can harness these opportunities, it would be ‘re-globalization’ in practice: contributing to sustainable growth, diversification and job creation while making the wider global economy more inclusive and resilient.
    But realizing this vision requires international cooperation to maintain an open and predictable trading environment as well as to de-risk investment. At the WTO, we have another important plurilateral Agreement the Investment Facilitation for Development Agreement (IFDA) with 131 Members that does just this.
    Key Point 3: Third, we can do more to  unlock “win-win” outcomes that leverage trade policy to support economic development while protecting ocean sustainability.
    Let’s look at  a few examples. 

    One is maritime transport. Over 80 % of international trade by volume is shipped by sea.  However, shipping also estimated to account for nearly 3% of global greenhouse gas emissions.  There are other environmental impacts: oil spills and underwater noise pollution in sensitive maritime ecosystems; the spread of invasive alien species in ballast water and so forth.
    Trade policies can help finding solutions to these sustainability challenges. 
    For instance, as public and private stakeholders step up work to decarbonize the shipping industry, with important recent outcomes at the IMO in this regard, governments can amplify their efforts by reducing trade barriers and facilitating the cross-border diffusion of environmentally friendly goods and services for green shipping. WTO work on standards and regulations (TBT), including energy efficiency requirements and promoting international standards for low emission fuels or hydrogen, could similarly lower costs and increase scale economies.. The WTO is a forum for members to share best practices and exchange views on their approaches to reduce shipping emissions. The initiative on fossil-fuel subsidy reforms led by a group of WTO members shows an additional path to help correct incentives for emissions reduction.
    On a related subject, ocean based renewable energy has enormous potential. The global offshore wind energy market was valued at nearly USD 40 billion last year, and pilot projects are underway to harness tidal energy.
    Trade is a necessary means to diffuse renewable energy technologies and related services, particularly to small countries that may have limited domestic production capacity.

    Another area where trade policy can help is plastics and marine pollution.  You all know about the “Great Pacific Garbage Patch” – an area roughly the size of Mongolia. You might not know that 83 WTO members are running a Dialogue on Plastic Pollution (DPP) and environmentally sustainable plastic trade, looking at issues such as plastics value chains, customs and regulatory issues, and how trade policy could help scale up plastic substitutes. Thanks to this work, we are beginning to better understand how trade policies could play a role in helping to tackle the problem – and we have been bringing these insights to our support for the ongoing UN International Plastics Treaty Negotiations (which I’m sure Inger from UN Environment will update you on).
    Excellencies, ladies and gentlemen: let me conclude here, with three requests: 1) Remember that trade is part of the toolkit for the sustainability of marine and coastal ecosystems. 2) Please make sure that what your trade officials say in Geneva aligns with the positions you take in forums like this one. And 3) Please ratify the Fisheries Subsidies Agreement!
    Thank you. I am looking forward to the discussion.

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    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI Economics: Trade critical to ocean sustainability — DG Okonjo-Iweala at UN Ocean Conference

    Source: WTO

    Headline: Trade critical to ocean sustainability — DG Okonjo-Iweala at UN Ocean Conference

    DG Okonjo-Iweala highlighted that trade and the WTO can play a key role in harnessing the opportunities from the blue economy and in protecting the oceans’ resources. Underscoring the blue economy’s estimated annual value of over USD 2.6 trillion, she stressed: “The ocean is vital for our food, livelihoods and the health of our planet. More than 3 billion people either directly or indirectly rely on the oceans for their livelihoods.” She also emphasized the importance of the oceans in helping many WTO members meet their development objectives, including coastal and small island developing states (SIDS).
    Noting that marine and coastal ecosystems are threatened by climate change, biodiversity loss and marine pollution, including plastics pollution, she said that conserving and sustainably managing ocean resources is absolutely critical. “Business as usual is not an option” she said, stressing that a coherent approach that connects trade, finance and investment can help unlock inclusive, sustainable growth from the ocean economy.
    DG Okonjo-Iweala said the WTO can support decarbonization efforts by reducing trade barriers and facilitating the cross-border diffusion of environmentally friendly goods, services and technology for maritime shipping and for harnessing renewable energy from the oceans. The WTO also provides a forum for members to share experiences on the trade impact of environmental measures, she noted.
    Highlighting the important role the UN Ocean Conference (UNOC) plays in reinforcing international co-operation for the good of the world’s oceans and those who depend on its resources, DG Okonjo-Iweala stressed the importance of eliminating harmful fisheries subsidies to preserve ocean resources. WTO members have taken a first important step by adopting the Agreement on Fisheries Subsidies in June 2022, she said, noting that only 10 more ratifications are needed for its entry into force – so far 101 members have already ratified.
    DG Okonjo-Iweala was speaking at the opening high-level panel dedicated to conserving, sustainably managing and restoring marine and coastal ecosystems, including deep-sea ecosystems. Her address can be viewed here.
    DG Okonjo-Iweala also joined a high-level occasion hosted by France’s President Emmanuel Macron for heads of state and other dignitaries to celebrate World Ocean Day on 8 June.
    On 13 June, the WTO Secretariat will organize a side-event titled “Sustainable fisheries: The role of trade from oceans to plate”, co-organized with the United Nations Food and Agriculture Organization (FAO), United Nations on Trade and Development (UNCTAD) and UNOC co-hosts France and Costa Rica. The event will be opened by WTO Deputy Director-General Angela Ellard, Costa Rica’s Minister of Foreign Affairs Arnold André Tinoco, and France’s Minister of Maritime Affairs and Fisheries Agnès Pannier-Runacher. The discussion will feature experts from international organizations, the private sector, civil society and academia.
    DDG Angela Ellard will deliver a keynote address on 13 June at a session entitled “The WTO Agreement on Fisheries Subsidies and its Benefits: Perspectives from Science, Economics and Small-Scale Fishers” hosted by the Stop Funding Overfishing Coalition.
    The WTO Secretariat will also participate at panels and side-events during the UN Ocean Conference, and at special events such as the Blue Economy and Finance Forum.
    The WTO Fish Fund opened a Call for Proposals on 6 June, inviting developing and least-developed country (LDC) members that have ratified the Agreement on Fisheries Subsidies to submit requests for project grants aimed at helping them implement the Agreement. More information can be found here.
    Information on UNOC is available here.

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    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI NGOs: Resisting Dependency: U.S. Hegemony, China’s Rise, and the Geopolitical Stakes in the Caribbean

    Source: Council on Hemispheric Affairs –

    By Tamanisha J. John

    Toronto, Canada

    Introduction

    The Caribbean region is an important geostrategic location for the United States, not only due to regional proximity, but also due to the continued importance of securing sea routes for trade and military purposes. It is the geostrategic location of the Caribbean that has historically made the region a target for domineering empires and states. As both geopolitical site and geostrategic location, U.S. foreign policy articulations of Caribbean people and the region have been effectively contradictory, but the contradiction has allowed the U.S. to maintain its hegemonic position: Caribbean peoples in U.S. foreign policy are rendered backwards, unstable, and dangerous or targets of xenophobic harassment; while the physical region is rendered as a place where U.S. foreign policy must maintain one-sided power relations, lest these sites come under the influence of other states that the U.S. views as impinging upon its sphere of influence. One can most readily look to Haiti to see these contradictory dynamics at play. Haiti has not had democratic elections for two decades and instead has been under United Nations (UN) sanctioned “tutelage” or occupation via the CORE group, of which the U.S. is a part.[i] Over the past two decades, Haiti has been subject to a massive influx of U.S. manufactured weapons that fuel gun violence and murder in the country.[ii] Meanwhile those Haitians fleeing this violence to the U.S. have been met with whips at the U.S.-Mexico border, deportation flights from the U.S., and dehumanizing mythological hysteria accusing Hatians of  “eating pets.”[iii]

    Given the domineering impact of the U.S. and its allies in Canada and Europe in the Caribbean region, states in the region remain deeply dependent on foreign investment and tourism from these powers. ‘Foreignization’ of Caribbean economies makes it hard for the peoples of the region to make a living. Many Caribbean governments, neoliberal in orientation, willingly support this dependent development scheme by promoting migration for remittances, service industries for tourism, and temporary foreign worker schemes abroad due to lack of worthwhile opportunities at home. A large part of what maintains this dependent relationship—that many would find to be demeaning in most circumstances—is the securitization of the Caribbean region by the U.S. and its allies, as well as the invocation of “shared cultures,” rooted in colonial histories which continue to impose multiple hierarchies of domination on Caribbean peoples.

    Washington’s aim of permanent hegemony in the region is being challenged by an increasingly multipolar world, and this accounts for the US attempt to limit China’s influence in the Caribbean. For example, U.S. tariff assaults on the People’s Republic of China (PRC) stems from U.S. insecurities about China’s economic growth alongside its manufacturing and technological developments.[iv] China’s extension of infrastructural, technological, and other tangible material developments to states lower down on the global value chain, and at smaller costs to them is referred to by the U.S. and other western policy makers as “China’s growing influence.” This includes states in the Caribbean, which have not only become consumers of products from China but have also increased their exports to China since the 2010s. Unsurprisingly, the U.S. fears that China is gaining too much influence in the Caribbean given its developmental hand there. Although the U.S. is not directly competing with China on development initiatives, Washington’s reluctance to support meaningful progress in the Caribbean—where U.S. corporations continue to profit from structural underdevelopment—has led it to pursue strong-arm diplomacy as a symbolic stand against China instead.

    China’s alternative to dependent development challenges Western Hegemony in the Caribbean

    Western capitalist modernity, as an ideological, political, and socioeconomic project, is threatened by improvements to the global value chain. The issue at hand is that the U.S. and the Western-led capitalist system have long relegated states of the ‘Global South’ to lower positions on the global value chain. This has rendered development elusive for many states, to the sole benefit of Western corporations and their allies. Lack of development in places like the Caribbean, Africa, Asia, and Latin America actually benefits capitalist enterprises headquartered in the ‘Global North’ which extract surplus value by exploiting cheap natural resources, labor, and land in these regions. China’s accelerated advancement within the global value chain—alongside the rise of other partner states positioned lower on that chain—has not depended on economic or political subordination to the west. This trajectory is actively interpreted as eroding Western hegemonic dominance—even as the improved developments of states like China within the global value chain, have expanded global capitalism. Since 2018, the U.S. tariff assault on China, which has intensified under the second Trump administration, is a direct response to China’s economic growth propelled by China’s added value to the global value chain. In essence, the fear is China’s rise, while not reliant on the west, has made the West more reliant on importing cheap products and manufactured goods from China.

    After the global 2007/8 financial crisis, China’s expressed strategy was to diversify its exports and import markets through helping other states improve their own conditions in the global trade value system. This of course, was due to the negative impacts felt by China in its export markets from the 2008 global financial crisis. Since then, China has increased the internal demand within China for Chinese goods, which also saw the purchasing power of Chinese citizens rise. This helped the growth of a middle class in China, and also allowed the Communist Party of China (CPC) to think more broadly about its continued growth strategy. By the early 2010s China sought to develop a wider external market that was not dependent on the U.S. and the other Western states. As China began formulating a broader development strategy, the growing purchasing power of Chinese citizens made the U.S. and other Western countries increase demands on China to have unfettered access to China’s internal market. The 2010s thus became rife with false accusations by Western commentators of China manipulating its currency to amass reserve wealth, and maintain competitive exports[v] – which helped to spark Trump’s trade assault on China in 2018, and again during the second Trump administration in 2025.

    While conversations in the West hinged on conspiracy, the CPC acknowledged that neither internal consumption nor reliance on the U.S. and Western markets would promote long-term sustainable development and growth of China’s economy. Greater emphasis was placed on increasing and improving relations with other developing states. In essence, helping the development of states lower down on the global value chain would be necessary—in order to make them consumers (thus importers)—of products from China. This became part of China’s long-term strategy to diversify its import and export markets. Thus, after the 2008 global financial crisis and especially after 2010, China’s investment in places like the Caribbean had a marked and noticeable increase. A decade later, this strategy has proven beneficial to China’s growth and development – as well as to growth and development of other developing countries in Africa, Asia, Latin America and the Caribbean with more states engaging in, and pursuing trade and other relations with, China.

    The impact of U.S. tariffs and fees on the Caribbean

    Despite growing U.S. security concerns over China’s engagement in the Caribbean, the region remains largely dependent on the United States, and Caribbean states consistently run trade deficits in favor of the U.S. These trade deficits usually come at the expense of local Caribbean growers, producers, and artisans. According to Sir Ronald Sanders, Antigua and Barbuda’s Ambassador to the United States: “In 2024, the United States ran a $5.8 billion trade surplus with CARICOM as a whole. For a tangible illustration, Antigua and Barbuda’s imports from the U.S. exceeded $570 million, while its exports in return were a mere fraction of that total.”[vi] Given Caribbean regional economic dependence on the U.S., Canada and Europe, many Caribbean people seeking employment and/or asylum opportunities typically see the U.S. as a destination of choice, contributing to the large Caribbean diasporic communities in North America and Europe. These Caribbean diasporic communities not only send remittances and goods back to their home countries to support family, friends, and communities – but also facilitate Caribbean state’s exports into the U.S. It is important to underscore these dynamics, as the longstanding U.S.-Caribbean relationship—rooted in dependency—remains firmly entrenched, despite growing investments in the region from China.

    The U.S. tariff assault on China extended into a wider tariff assault by the U.S. against multiple countries, including states in the Caribbean. By April 3, 2025 the U.S. had imposed tariffs on 24 Caribbean countries: a 10% tariff on 23 of them,[vii] and a 38% tariff on Guyana[viii]—a Caribbean nation with extensive relations with China[ix]—excluding its exports of oil (dominated by U.S. and other foreign corporations), gold, and bauxite. The U.S. tariffs on Caribbean states—levied amid fragile post-pandemic recovery and lingering hurricane damage—underscores a troubling, though not surprising indifference to the region’s economic vulnerability and ongoing efforts toward stabilization and renewal.[x] During this time, the U.S. introduced a series of tariff increases on China, peaking at a 145% tariff after April 10, 2025, before settling on a 10% rate through an agreement reached on May 13, 2025.[xi] In addition to the tariffs that Washington placed on China, the U.S. also announced that it would issue port fees on Chinese built ships entering U.S. ports. In all, these tariffs and fees being imposed by the U.S. meant that there would likely be negative impacts borne by Caribbean states that import U.S. goods, and Caribbean states that export goods to China. The overall impact of the tariffs and fees would be two-fold: First, U.S. consumers of goods imported from the Caribbean would have to pay more to access those goods. Second, increased costs accrued to Caribbean state’s importing U.S. goods due to port fees, would make it more cost effective for those Caribbean states to import more goods directly from China. However, in the immediate term, Sino-Caribbean trade, lacking established relationships on a wide range of import products, has the potential to lead to import shortages – particularly of food and other essential imports from the U.S.—in the Caribbean. Given global backlash from the shipping industry, the U.S. revised and changed its decision regarding port fees a week later,[xii] and three weeks later, on April 28, it reduced the tariff on Guyana to 10%.

    Political commentators recognize, contrary to the denials by the Guyanese government, that the initially high tariffs placed on Guyana were motivated by U.S. tensions with China. According to former Guyanese diplomat, Dr. Shamir Ally,[xiii] and Guyanese political commentator, Francis Bailey, Guyana “is caught in a geopolitical battle between the US and China. Or more specifically – Washington objects to Beijing’s “very strong foothold” in Guyana.”[xiv] This was made clear, when prior to the Trump administration’s announcement of the tariff’s on Guyana, Guyanese President, Irfaan Ali, pledged that the U.S. would “have some different and preferential treatment” from Guyana[xv]— given a shared stance between the two countries in relation to Venezuela.[xvi] This pledge by Guyana’s president took place within the context of the U.S. Secretary of State Marco Rubio’s visit to the Caribbean, during which Rubio chastised the construction of infrastructure in Guyana that he deemed subpar, and alleged must have been built by China, even though it was not.[xvii] These kinds of geopolitical posturing by Washington stoke antagonisms, ignoring the negative impacts of Caribbean dependency, including that of Guyana. Caribbean economic dependency on the U.S. (Europe and Canada) will not be completely ameliorated by China, and neither will China be able to fill the role of the West for Caribbean exporters who, given histories of enslavement, indentureship, and colonialism, rely on diasporic taste and preferences for ‘niche’ exports (e.g., artisan goods, arts, entertainment). Given the high degree of U.S., Canadian, and European ownership in the Caribbean’s industrial and manufacturing sectors, the region’s capacity to produce “finished products” on an exportable scale remains limited. Despite the continued dependency relation of Caribbean states on U.S. markets, however, China can positively impact Caribbean economies by helping to diversify their trading partners, and by increasing local opportunities for people within Caribbean states, based on the kinds of new (or improved) infrastructure typically developed in partnerships with China.

    Though on the rise, the trade relationship between China and states in the Caribbean is still quite limited. Caribbean states that are a part of the Caribbean Community (CARICOM) saw a notable increase in their exports to China, from less than 1% of their total exports in the 1990s and 2000s, to between 1% and 6 % of exports going to China after the 2010s.[xviii] The majority of exports from the Caribbean to China from the 2010s forward have been agricultural and mineral in nature. Alongside the growing export potential of CARICOM states to China since the 2010s, there has also been an increase in Caribbean states importing Chinese goods. States such as Antigua and Barbuda, Dominica, Guyana, Jamaica, and Suriname import about 10% of their goods from China. On the other hand, states like the Bahamas, Barbados, Grenada, Trinidad and Tobago import less than 10% of their goods from China. The overall trend, then, is that CARICOM states have added some diversification to their trading partners since the 2010s but continue to remain firmly within the Western trading bloc. Given the structured dependency of Caribbean economies, they tend to import more from their trading partners than they export to them. However, as political analyst Daniel Morales Ruvalcaba points out, as a trading partner, China’s commitment to South-South partnerships has meant that trading disparities between itself and CARICOM states are “offset by investments flowing from China to the Caribbean […] broadly categorized into three key sectors: port infrastructure development, resource extraction, and the tourism industry.”[xix] This way of tending to the trade disparity has had beneficial impacts—that can also be seen very visibly by those who live and visit states in the Caribbean. Additionally, China’s investments have not been limited to CARICOM states, or to states that recognize China and not Taiwan. For instance, China invests in Belize, Haiti, St. Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines—these are Caribbean states that recognize Taiwan.[xx]

    While China does not play a dominant import-export role in the Caribbean, given the system of dependency into which the Caribbean is already integrated, it also does not pose a security threat to the Caribbean region, despite Washington’s portrayal of China as a “bad actor.” The PRCs commitment to non-interference makes it extremely unlikely that China would use the Caribbean as a springboard for a security confrontation with Washington and its NATO allies. China does, however, have a strategic partnership with Venezuela, largely limited to a defensive posture given its relations with other states in the region, including the Caribbean. Further, with the large security presence of the U.S. and its allies in the Caribbean, China would have nothing to gain from an offensive military posture in the region. Though self-evident, this explains why the U.S has chosen to frame China’s presence in the Caribbean not in economic terms, but as a technological and geopolitical “threat”—going so far, on multiple occasions, as to allege that China is constructing covert surveillance facilities in Cuba to conduct espionage on the U.S.[xxi]

    The China-Caribbean “threat” from the U.S. Perspective

    In 2018, Washington signaled its intent to limit Chinese investments in infrastructure, energy, and technology abroad; by 2023, U.S. Southern Command identified the Caribbean as a key region where China’s growing economic footprint should be restrained. In its effort to push China out of the Caribbean tech sector, the U.S. has allowed U.S. and other Western companies to develop 5G networks in Jamaica at virtually no cost in the short term—effectively subsidizing the infrastructure to block Chinese involvement and investments in the sector. This campaign has gone so far as to include veiled threats of sanctions toward Jamaica and other regional nations should they pursue connectivity projects with China.[xxii] Since the 1940s, the U.S. has viewed government-controlled economies as threats to the Western capitalist order—a label that readily applies to China. In 2025, the trade offensive against China is markedly more severe, driven by Washington’s explicit goal of curbing the spread and stalling the advancement of China’s high-tech industries—an effort aimed at preserving U.S. dominance in the sector, which is increasingly seen as under threat. The trade war, which began openly during Trump’s first term, has only intensified in his second—driven in part by the growing influence of high-tech capitalists closely aligned with his administration. China’s advances in artificial intelligence, seen with the public release of DeepSeek AI, has only accelerated the U.S. assault.

    According to  U.S. and other pro-Western security analysts who view China as a “threat” in the Caribbean, this threat manifests in three primary ways. First, they point to China’s development of internet-based infrastructure in Caribbean nations which they claim enables Chinese espionage operations that target the U.S. from within the region. Second, they highlight the fact that most Caribbean states recognize the People’s Republic of China, rather than Taiwan, under the One-China policy—a position they attribute to questionable dealings with Beijing, rather than to the exercise of Caribbean political agency in matters of state recognition. And lastly, the Belt and Road Initiative (BRI) is portrayed as a nefarious development scheme that allows China to assert its influence globally. Notably, these accusations that form the “threat” narrative amongst U.S. and other pro-Western security advocates don’t hold up against the slightest scrutiny.

    First, there is no evidence that there are “Chinese spy bases” in Cuba or in any other country in the Caribbean—despite these accusations being levied by both Trump White Houses, and various U.S. Republican politicians in Florida.[xxiii] Second, the PRC does invest in, and maintain diplomatic relations with, Caribbean states that recognize Taiwan.[xxiv]  This suggests that the PRC does not force a One-China policy on states in the Caribbean with which it has cooperative relations. Commenting on Sino-Caribbean relations, Caribbean leaders themselves often note that the recognition of China and not Taiwan is due to support for China safeguarding its sovereignty and territorial integrity, of which they include national reunification.[xxv] Ultimately, the alleged “nefarious” nature of the Belt and Road Initiative stems from its core premise: that developing countries receive meaningful support from China to pursue their own development goals. Such efforts inevitably draw scrutiny from the U.S. and the Westbroadly, as genuine development in the ‘Global South’ is often perceived as a challenge to Western capital and hegemony. The BRI also encourages signatory states to build greater regional relationships with their Caribbean neighbors. It reflects a highly agentic approach, in stark contrast to the traditional way U.S. and other Western initiatives are typically implemented.

    Ultimately, the BRI is seen as a threat by Western policymakers because they would prefer China not pursue its own global initiatives. Given that the BRI also supports states in developing technological infrastructure and other advancements—with backing from China—these efforts are viewed by the U.S. as a strategic threat, ensuring the initiative will remain a target of sustained opposition. In the Caribbean, the U.S. push to end their tech relations with China comes off as brash, given that U.S. technology investments in the region have declined since the mid-1990s, while China technology investments have increased.[xxvi] In fact, the U.S. (and its Western allies) seem to only understand China’s investments, including the BRI, as lost market share. In essence, Washington and its Western allies seek to control economic development in the region. Two years ago for COHA, John (2023) argued that the U.S. and its allies were increasing their “diplomatic” presence in the Caribbean to maintain geostrategic influence, given China’s growing economic investments there.[xxvii] John maintained that the dismal track record of capitalism—led first by the Western European powers and later by the United States—has entrenched Caribbean states in a position of structural dependency within the global capitalist system. Key features of this dependency include persistently high levels of unemployment, underemployment, poverty, and a heavy reliance on labor exportation. This dependence made the region very receptive to Chinese investment.

    John (2023) concluded that influence is gained only where it aligns with local interests—and that investments from the PRC stood in stark contrast to Western strategies, which for decades have indebted Caribbean states, privatized their economies in ways that deepened foreign control, and consistently disregarded regional calls for reparations. This track record, it was argued, would only lead to increased militarization in the Caribbean by the U.S. and its Western allies, who have no tangible goal of helping Caribbean states to develop—but want confrontation with China. Two years later and the concluding remarks still stand.

    Concluding Remarks: Dependent Development is the price of Western Capitalism in the Caribbean

    In the Caribbean, the U.S. and its Western allies have long profited from—and perpetuated—the notion that foreignization is the norm. This extends beyond economic structures to encompass both domestic and foreign policies that effectively surrender the state, and its people, to massive  exploitation by foreigners. Some governments and local elites have been brought on as “shareholders” to maintain this backwards dependent status. That is because imperialism, especially in the Caribbean, has always been intent on establishing what Cheddi Jagan called “a reactionary axis in the Caribbean.”[xxviii] U.S. ‘influence in the Caribbean region has historically centered around controlling the “backwardness” and “unstableness” of its people, in order to keep U.S. geostrategic and geopolitical interests intact. This is done in conjunction with Caribbean political elites, who subject their own Caribbean populations in perpetual servitude to Western capital. Caribbean neoliberal states have a disregard for the rights of their citizens (and diaspora), favoring almost exclusively (and predominantly) Western foreign corporations and wealthy individuals. Cuba, however, stands out as an exception to this trend, and this is why it has been under relentless attack by Washington for more than 62 years.  It is important to point this out, given that some in the Caribbean political elite classes also share the same regressive rhetoric from the Westabout the “threat of China” to produce reactionary mindsets and views amongst large swaths of Caribbean people— so that their hand in maintaining Caribbean dependency is not critiqued.

    Caribbean people struggling to improve their societies for the better are continuously warned by the U.S. and its Western and Caribbean allies that they must maintain themselves in a dependent position. The truth is: So long as the majority of individual Caribbean states are importing finished products and agricultural goods from the U.S., Canada, and Europe—and to a smaller extent now China—the Caribbean will never have trade surpluses with these states. Lack of local businesses and the foreignization of Caribbean economies compound this contradiction that is perpetuated by the entrenched Western-led economic system. Political elites in the Caribbean frequently disregard local protests and locally developed alternatives that could threaten Western foreign corporations and investment. There is a real need for enhanced regional integration for Caribbean people, not only states, to improve their lot within the prevailing system. People will continuously be let down by formations like CARICOM, so long as these associations are dominated by Western development frameworks and have individual member states who care more about aligning their security interests with the West instead of their own region. While neoliberalism in the Caribbean is often attributed to structural constraints and the limited capacity of states to regulate foreign capital, such explanations fail to account for the extent to which Caribbean governments have themselves normalized and actively advanced neoliberal policy frameworks. The promotion of neoliberal policies both prolongs, and makes systemic, foreign dependence and domination.

    U.S. fear mongering about China in the Caribbean is propaganda. It only serves to prevent people from questioning why Caribbean states are dependent and why there is rampant foreignization of Caribbean economies. Who owns these corporate entities that make life hard in the Caribbean? The “threats” from the U.S. perspective boil down to the fact that China, in the Caribbean, is taking advantage of Western policies that make the Caribbean exploitable. It is often noted—and indeed observable—that China imports its own labor for development projects in the Caribbean. However, this practice is neither new nor unique; countries such as the United States, Canada, and various European powers have long employed similar strategies. Understandably, this reliance on imported labor has generated frustration among Caribbean populations, particularly given the region’s high levels of unemployment and underemployment. Many local workers are both willing and able to acquire the necessary skills and trades to work on infrastructure and development projects that come to the region. Local Caribbean firms and entrepreneurs would also seize the opportunity to participate in these projects—including local sourcing of materials. But this beneficial type of development is not presently feasible given how Western capitalists have integrated Caribbean states into the global capitalist system.

    The efforts of the Trump administration to cast China as a security threat in the Caribbean and to portray doing business with China as a security risk, have largely been unsuccessful. In the Caribbean, China simply takes advantage of Western policies that have made the region highly favorable and open to foreign investment, foreign entrepreneurs, and government dealings—in the form of Memorandums of Understanding (MOU) and Letters of Agreement (LOA)—with other states and corporations. The acceptance of these MOUs and LOAs receive minimal, to no input from Caribbean citizens. Debt traps have been normalized in the Caribbean by the Western capitalist system, making the Caribbean one of the most highly indebted regions in the world. Today, propagandists tend to invoke the myth of the  “Chinese debt-trap” to attribute to China this false label of being engaged in “debt trap diplomacy”—a term popularized in 2018 during the first trade assault against China.[xxix] In response to this myth, progressive commentators tend to highlight that China forgives a lot of debt, and has even helped Caribbean states to restructure debts owed to various financial institutions.[xxx] However, the biggest elephant in the room is that even if China ceased to exist in the Caribbean region, the region would still be one of the most indebted within the Western capitalist system. The debt-trap narrative not only deflects attention from the significant role Western powers have played in producing Caribbean indebtedness, but also unjustly shifts the burden onto China to forgive obligations for which Western capital is responsible.[xxxi] Lack of transparency in investment agreements and investor tax benefits, including profit repatriation, in the Caribbean has been normalized by laws first written by various European empires and later by Western capitalists that crafted structural adjustment policies. Yet, such arrangements, historically established by U.S. and Canadian capital interests, are often rebranded as evidence of corruption within the China–Caribbean relationship. Those concerned with the persistence of Caribbean dependency should critically engage with its structural causes and actively challenge Western propaganda regardless of the source from which it emanates.

    Endnotes

    [i] Pierre, Jemima. 2020. “Haiti: An Archive of Occupation, 2004-.” Transforming Anthropology 28(1): 3–23. doi: https://doi.org/10.1111/traa.12174.

    [ii] Kestler-D’Amours, Jillian. “‘A Criminal Economy’: How US Arms Fuel Deadly Gang Violence in Haiti.” Al Jazeera, March 25, 2024. web: https://www.aljazeera.com/news/longform/2024/3/25/a-criminal-economy-how-us-arms-fuel-deadly-gang-violence-in-haiti.

    [iii] Mack, Willie. Haitians at the Border: The Nativist State and Anti-Blackness. Carr-Ryan Commentary. Harvard Kennedy School, 2025. web: https://www.hks.harvard.edu/centers/carr-ryan/our-work/carr-ryan-commentary/haitians-border-nativist-state-and-anti-blackness.

    [iv] Ziye, Chen, and Bin Li. “Escaping Dependency and Trade War: China and the US.” China Economist 18, no. 1 (2023): 36–44.

    [v] Wiseman, Paul. “Fact Check: Does China Manipulate Its Currency?” PBS News, December 29, 2016. https://www.pbs.org/newshour/world/fact-check-china-manipulate-currency.

    [vi] Loop News. “More Caribbean Countries Respond to New US Tariffs,” April 4, 2025, sec. World News. https://www.loopnews.com/content/more-caribbean-countries-respond-to-new-us-tariffs/.

    [vii] TEMPO Networks. “Here Are All The Caribbean Countries Hit By Trump’s New Tariffs.” Tempo Networks, April 3, 2025, sec. News. https://www.temponetworks.com/2025/04/03/here-are-all-the-caribbean-countries-hit-by-trumps-new-tariffs/.

    [viii] Grannum, Milton. “Oil, Bauxite, Gold Exempt from US Tariff.” Stabroek News, April 4, 2025, sec. Guyana News. https://www.stabroeknews.com/2025/04/04/news/guyana/oil-bauxite-gold-exempt-from-us-tariff/.

    [ix] Handy, Gemma. “Was China the Reason Guyana Faced Higher Trump Tariff?” BBC, April 28, 2025. https://www.bbc.com/news/articles/cjeww5zq88no.

    [x] John, Tamanisha J. 2024. “Hurricane Unpreparedness in the Caribbean, Disaster by Imperial Design.” Council on Hemispheric Affairs (COHA). The Caribbean. https://coha.org/hurricane-unpreparedness-in-the-caribbean-disaster-by-imperial-design/.

    [xi] Grantham-Philips, Wyatte. “A Timeline of Trump’s Tariff Actions so Far.” PBS News, April 10, 2025, sec. Economy. https://www.pbs.org/newshour/economy/a-timeline-of-trumps-tariff-actions-so-far.

    [xii] Saul, Jonathan, Lisa Baertlein, David Lawder, and Andrea Shalal. “United States Eases Port Fees on China-Built Ships after Industry Backlash.” Reuters, April 17, 2025, sec. Markets. https://www.reuters.com/markets/global-shippers-await-word-us-plan-hit-china-linked-vessels-with-port-fees-2025-04-17/.

    [xiii] Credible Sources interview on February 26, 2025. Guyana in U.S.-China Crossfire? Ex-Diplomat Weighs In, 2025. https://www.youtube.com/watch?v=UtCNBiKdj-0

    [xiv] Handy, Gemma. “Was China the reason Guyana faced higher Trump tariff?” BBC, April 28, 2025. https://www.bbc.com/news/articles/cjeww5zq88no.

    [xv] Chabrol, Denis. “Guyana Pledges ‘Preferential’ Treatment to US.” Demerara Waves, March 27, 2025, sec. Business, Defence, Diplomacy. https://demerarawaves.com/2025/03/27/guyana-pledges-preferential-treatment-to-us/.

    [xvi] John, Tamanisha J. “Guyana, Beware the Western Proxy-State Trap.” Stabroek News, December 25, 2023, sec. In The Diaspora. https://www.stabroeknews.com/2023/12/25/features/in-the-diaspora/guyana-beware-the-Western-proxy-state-trap/.

    [xvii] Foreign Ministry Spokesperson Guo Jiakun’s Regular Press Conference on April 3, 2025. Beijing Says That Road in Guyana Criticised by Rubio Is Not Built by China, 2025. https://youtu.be/6gljwDyW1qk?si=2QXhDUythljBsIcJ.

    [xviii] Morales Ruvalcaba, Daniel. 2025. “National Power in Sino-Caribbean Relations: CARICOM in the Geopolitics of the Belt and Road Initiative.” Chinese Political Science Review 10: 28–48. doi: https://link.springer.com/article/10.1007/s41111-024-00252-4.

    [xix] Ibid.

    [xx] Ibid. 

    [xxi] Qi, Wang. “Hyping Chinese ‘spy Bases’ in Cuba Slander; Shows US’ Hysteria: Expert.” Global Times, July 3, 2024. https://www.globaltimes.cn/page/202407/1315376.shtml.

    [xxii] Pate, Durrant. “US Warns Jamaica against Chinese 5g.” Jamaica Observer, October 25, 2020. https://www.jamaicaobserver.com/2020/10/25/us-warns-jamaica-against-chinese-5g/.

    [xxiii] Belly of the Beast. Investigative Report. May 30, 2025. Big Headlines, No Proof: Inside the Hype Over “Chinese Spy Bases”  https://www.youtube.com/watch?v=CF87JJp8WIo

    [xxiv] Bayona Velásquez, Etna. “Chinese Economic Presence in the Greater Caribbean, 2000-2020.” In Chinese Presence in the Greater Caribbean: Yesterday and Today, 599–661. Santo Domingo, Dominican Republic: Centro de Estudios Caribeños (PUCMM), 2022.

    [xxv] Loop news. “T&T, Caribbean countries pledge support for One China policy.” May 6, 2022. https://www.loopnews.com/content/tt-caribbean-countries-pledge-support-for-one-china-policy/

    [xxvi] Ricart Jorge, Raquel. “China’s Digital Silk Road in Latin America and the Caribbean.” Real Instituto Elcano, April 21, 2021, sec. Latin America. https://www.realinstitutoelcano.org/en/commentaries/chinas-digital-silk-road-in-latin-america-and-the-caribbean/.

    [xxvii] John, Tamanisha J. 2023. “US Moves to Curtail China’s Economic Investment in the Caribbean.” Council on Hemispheric Affairs (COHA). https://coha.org/us-moves-to-curtail-chinas-economic-investment-in-the-caribbean/.

    [xxviii] Jagan, Cheddi. “Alternative Models of Caribbean Economic Development and Industrialisation.” In Caribbean Economic Development and Industrialisation, 3 (1):1–23. Hungary: Development and Peace, 1980. https://jagan.org/CJ%20Articles/In%20Opposition/Images/3014.pdf.

    [xxix] Chandran, Rama. “The Chinese “Debt Trap” Is a Myth.” China Focus, August 26, 2022,  http://www.cnfocus.com/the-chinese-debt-trap-is-a-myth/

    [xxx] Hancock, Tom. “China renegotiated $50bn in loans to developing countries: Study challenges ‘debt-trap’ narrative surrounding Beijin’s lending.” Financial Times, April 29, 2019, https://www.ft.com/content/0b207552-6977-11e9-80c7-60ee53e6681d

    [xxxi] Kaiwei, Zhang and Xian Jiangnan. “So-called “debt trap” a Western rhetorical trap.” China International Communications Group (CN) , September 14, 2024, https://en.people.cn/n3/2024/0914/c90000-20219659.html

    Featured image: Chinese Foreign Minister Wang Yi (centre) poses for a group photograph with representatives from the Caribbean countries that share diplomatic relations with China, May 12, 2025, at the Diaoyutai State Guesthouse, Beijing
    (Source: Chinese State Media)

    Tamanisha J. John is an assistant professor in the Department of Politics at York University and a member of the US/NATO out of Our Americas Network zoneofpeace.org/ 

    MIL OSI NGO –

    June 11, 2025
  • MIL-OSI USA: Kaptur Urges Northwest Ohio Small Businesses and Nonprofits to Apply for SBA Drought Relief Loans Deadline

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Washington, DC – Today, Congresswoman Marcy Kaptur (OH-09) is urging small businesses and private nonprofit organizations across Northwest Ohio to act swiftly as the July 7 deadline approaches to apply for US Small Business Administration (SBA) Economic Injury Disaster Loans (EIDLs) related to last fall’s drought conditions across Northwest Ohio, and the Buckeye State.

    Businesses in Erie, Hancock, Henry, Lucas, Ottawa, Putnam, Sandusky, Seneca, and Wood counties have until July 7, 2025, to apply for low-interest federal disaster loans to help offset economic losses caused by the prolonged drought conditions that began on September 10, 2024.

    “These loans have proven a lifeline for small businesses and nonprofits in our region feeling the financial aftershocks of last year’s protracted drought,” said Congresswoman Marcy Kaptur (OH-09). “Northwest Ohio’s resilience depends on making sure local enterprises and community institutions have the resources they need to weather economic hardship. I strongly encourage all eligible organizations to apply for this federal farm assistance before the deadline passes.”

    The SBA’s EIDL program provides working capital to help businesses meet financial obligations and operating expenses that could have been met had the disaster not occurred. Loan funds can be used to pay fixed debts, payroll, accounts payable, and other bills. Importantly, businesses do not need to have sustained physical damage to be eligible for this support.
    While agricultural producers, farmers, and ranchers are generally not eligible, small aquaculture businesses may qualify for assistance. Visit the SBA website for full details and application materials.

    # # #

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI USA: Welch Joins 32 Colleagues in Amicus Brief Challenging Trump Administration Abuse of Emergency Powers to Impose Tariffs

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, recently joined Senators Jeanne Shaheen (D-N.H.), Ron Wyden (D-Ore.), Democratic Leader Chuck Schumer (D-N.Y.), and 29 of his colleagues in filing an amicus brief in a key case, Oregon v. Department of Homeland Security, challenging the Trump Administration’s abuse of emergency powers to impose tariffs. The brief opposes the Administration’s request for a stay of a recent court decision that struck down these tariffs.  Vermont was a part of the twelve-state coalition that filed this legal challenge.  
    In May, the U.S. Court of International Trade held that the Trump Administration lacked authority to issue the challenged tariffs under the International Emergency Economic Powers Act (IEEPA)—a statute that no president prior to President Trump has ever tried to use to impose tariffs. The Senators’ amicus brief argues that a stay should be rejected.   
    “Granting a stay will cause irreparable harm to constituents of Amici, particularly thousands of small and medium-sized businesses that will continue to be harmed if the President persists in collecting the unlawful IEEPA tariffs,” wrote the Senators. “Small businesses do not have cash-on-hand or capital reserves to pay the increased tariffs, nor can they quickly adapt to them by modifying supply chains. If they cannot pass on the tariff costs to consumers—which would create additional harms for Amici’s constituents—many face letting employees go or filing for bankruptcy. Even a few weeks of additional tariffs means small businesses will suffer irreparable harm.”  
    “The powers to impose tariffs and regulate international trade were given to Congress for a reason,” continued the Senators. “Absent authorization from Congress to impose tariffs and approval to enter binding, durable trade agreements, it is contrary to the public interest for the President to arrogate Congress’s power to himself.”  
    “Further, the broad-based tariffs, which include extensive levies on treaty allies Japan, Canada, and members of the NATO alliance, undermine U.S. national security by weakening U.S. alliances,” concluded the Senators. “Amici regularly interact with U.S.-allied leaders who want to work with the U.S. on security and economic matters; IEEPA tariffs have been raised as one of the foremost irritants and obstacles to maintaining strong partnerships with the U.S. Multiple allied governments, including Canada, Mexico, and the European Union, have threatened retaliation targeting American exports and American companies—further compounding the economic harm to Amici’s constituents. Denying a stay will ensure the Administration cannot continue to usurp powers granted to Congress, and it will promote U.S. national security and economic interests.” 
    In addition to Senators Welch, Shaheen, Wyden, and Schumer, the letter was cosigned by Senators Tim Kaine (D-Va.), Michael Bennet (D-Colo.), Jacky Rosen (D-Nev.), Ben Ray Luján (D-N.M.), Maria Cantwell (D-Wash.), Andy Kim (D-N.J.), Catherine Cortez Masto (D-Nev.), Chris Van Hollen (D-Md.), Adam Schiff (D-Calif.), Maggie Hassan (D-N.H.), Tammy Duckworth (D-Ill.), Angus King (I-Maine), Richard Blumenthal (D-Conn.), John Hickenlooper (D-Colo.), Alex Padilla (D-Calif.), Chris Coons (D-Del.), Dick Durbin (D-Ill.), Mark Warner (D-Va.), Martin Heinrich (D-N.M.), Jeff Merkley (D-Ore.), Bernie Sanders (I-Vt.), Amy Klobuchar (D-Minn.), Raphael Warnock (D-Ga.), Lisa Blunt Rochester (D-Del.), Mazie Hirono (D-Hawaii), Brian Schatz (D-Hawaii), Edward Markey (D-Mass.), Angela Alsobrooks (D-Md.) and Gary Peters (D-Mich.). 
    Read and download the full amicus brief. 

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI USA: Congressman Nick Langworthy Announces Over $5.8 Million FTA Grant for Seneca Nation of Indians

    Source: US Congressman Nick Langworthy (NY-23)

    WASHINGTON, D.C. – Today, Congressman Nick Langworthy (NY-23) announced that the Seneca Nation Department of Transportation has been awarded $5,883,200 by the Federal Transit Administration (FTA) for the Allegany Territory Bus Facility.

     

    This grant was previously announced under the Biden administration but had not received funding yet. This announcement means the project will now receive funds under the Trump administration and Secretary Duffy. 

     

    “This critical investment will improve transit infrastructure and expand access to reliable transportation,” said Congressman Langworthy. “I am pleased that under President Trump and Secretary Duffy, this funding is finally being delivered. This is a win for the Seneca Nation, a win for local workers, and a win for rural connectivity across our region.” 

     

    “These grants are part of the 3,200 awarded but unobligated backlog left behind from the prior administration. Under Secretary Duffy’s leadership and commitment to get America building again, DOT has reviewed these agreements to ensure compliance with the President’s Executive Orders and will be working with the project sponsors to get these agreements signed. As DOT works through the backlog, I’ll share additional information as I get it,” said Secretary Duffy’s Office.

     

    ###

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI USA: IAM Union Applauds House Freshmen for Supporting Fair Trade Policies

    Source: US GOIAM Union

    IAM Union International President Brian Bryant recently expressed his appreciation to a coalition of House Freshmen for signing a letter supporting fair trade practices, including a renegotiation of the United States-Mexico-Canada Agreement (USMCA) and the reauthorization of the U.S. Department of Labor’s Trade Adjustment Assistance (TAA) program.

    “On behalf of the 600,000 active and retired members of this very diverse union, I want to thank these House Freshmen who understand the importance of fair trade policy,” said IAM Union International President Brian Bryant. “U.S. trade policy has led many news headlines in recent months, and this letter underscores the importance of renegotiating the USMCA to protect domestic manufacturing in areas like aerospace, reauthorizing the U.S. Labor Department’s TAA program, and enacting strategic tariffs that punish bad actors and protect U.S. jobs.”

    Rep. Josh Riley (NY-19) and Rep. Lateefah Simon (CA-12) led 18 of their colleagues in a letter to President Trump and U.S. Trade Representative Jamieson Greer calling for a trade policy that strengthens America’s middle class, rebuilds the U.S. industrial base, and safeguards family farms and small businesses.

    “For too long, bad trade deals have been written in Wall Street boardrooms and rubber-stamped in political backrooms—while towns from Endicott to Ellenville got sold out,” said Rep. Josh Riley. “I came to Congress to give blue-collar towns a real voice in trade talks. I’ll work with anyone from any party who wants to rethink trade in a way that supports American farmers, builds American factories for American workers, and strengthens national security.”

    “I’m proud to represent the Port of Oakland, the largest refrigerated cargo export port in the United States,” said Rep. Lateefah Simon. “Tariffs are not inherently bad, but President Trump’s chaotic, self-imposed tariff war has been a disaster for the U.S. economy. That’s why I am leading my freshman colleagues to call on the president to fix U.S. trade policy to support workers, small businesses, and the environment.”

    The members outlined four key areas of proposed collaboration:

    1. Improving the U.S.-Mexico-Canada Agreement (USMCA):

    • Include stronger labor and environmental standards.
    • Close China’s USMCA backdoor into U.S. markets.
    • Fix digital trade provisions.

    2. Investing in American Manufacturing:

    3. Reauthorizing Trade Adjustment Assistance (TAA):

    • Support and improve TAA for communities impacted by past trade policies.

    4. Pairing Strategic Tariffs with Pro-Worker Laws:

    • Implement tariffs with anti-price gouging and pro-labor reforms.

    Read the full text of the letter here. 

    The IAM continues advocating for trade agreements prioritizing U.S. labor standards, environmental protections, and domestic production.

    The post IAM Union Applauds House Freshmen for Supporting Fair Trade Policies appeared first on IAM Union.

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI Russia: Russia’s positive foreign trade balance in January-April fell by 18.3 percent.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    Moscow, June 10 /Xinhua/ — Russia’s positive foreign trade balance in January-April 2025 decreased by 18.3 percent year-on-year to $42.4 billion, the Interfax news agency reported on Tuesday, citing data from the Russian Federal Customs Service.

    Exports of goods from Russia in January-April 2025 decreased by 5.9 percent year-on-year and amounted to $128.2 billion. Imports increased by 1.8 percent to $84.2 billion.

    The foreign trade turnover of the Russian Federation for the specified period amounted to 213.9 billion dollars, which is 2.9 percent less than for the same period a year earlier.

    In 2024, Russia’s foreign trade surplus amounted to $150.9 billion, which is 7.8 percent more than the 2023 figure. –0–

    MIL OSI Russia News –

    June 11, 2025
  • MIL-OSI United Kingdom: Separation Agreement Joint Committee between the UK and EEA EFTA states: joint statement from the sixth meeting

    Source: United Kingdom – Executive Government & Departments

    News story

    Separation Agreement Joint Committee between the UK and EEA EFTA states: joint statement from the sixth meeting

    This page shows the statement following the meeting of the Separation Agreement Joint Committee on 10 June 2025.

    The sixth meeting of the Separation Agreement Joint Committee was held in Brussels on 10 June 2025, chaired by officials from Iceland, with representatives from the Principality of Liechtenstein, the Kingdom of Norway and the United Kingdom participating. The Committee was established by the Separation Agreement to monitor its implementation and application. The Separation Agreement ensures that nationals of Iceland, Liechtenstein or Norway (‘the EEA EFTA States’) already living in the UK, or UK nationals living in the EEA EFTA States at the end of the transition period, have largely the same rights as before the UK left the EU. In addition to the right of residence, these include entitlements to social security and the recognition of professional qualifications.

    During the meeting, representatives from the EEA EFTA States and the UK updated each other on their implementation and application of the Separation Agreement, focusing on the provisions relating to citizens’ rights. Representatives of the EFTA Surveillance Authority and the Independent Monitoring Authority also presented information on the monitoring of the implementation and application of the Separation Agreement.

    The EEA EFTA States and the UK adopted a Decision amending Part I of Annex I to the Separation Agreement, in order to include a recent relevant Decision of the Administrative Commission for the Coordination of Social Security Systems.

    The EEA EFTA States and the UK continue to work together to ensure the correct implementation and application of the Separation Agreement, to provide certainty to citizens.

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    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom –

    June 11, 2025
  • MIL-OSI United Kingdom: ARU expert shapes proposals for economic growth

    Source: Anglia Ruskin University

    Professor Aled Jones, Director of ARU’s Global Sustainability Institute

    Professor Aled Jones of Anglia Ruskin University (ARU) has played a key role in a publication that sets out bold recommendations to help boost the UK economy.

    The British Academy’s Economic Strategy Programme aims to unlock long-term economic growth and prosperity in the UK and the newly-published policy insights released by the Programme are the result of collaboration between British Academy Fellows, leading academics and economic policymakers.

    The project, which began in 2023, has focused on four critical policy areas: International Trade and Geopolitics; Research & Development (R&D) and Innovation; Skills; and Sustainability and Social Value.

    Professor Jones, Director of ARU’s Global Sustainability Institute, was invited to join the Sustainability and Social Value Working Group, which has concentrated on improving social outcomes through investment in the UK economy.

    An overarching theme across the four policy areas is that a sustainable economic strategy should be underpinned by investment in the institutional, human and physical capital that in turn makes a place ‘investible’ for the private sector.

    Among the recommendations of the Sustainability and Social Value Working Group are the need to consider aspects of people’s lives beyond paid work – as these are fundamental to citizens’ wellbeing and a prosperous, well-functioning society – and the importance of incorporating social investment into a whole-systems approach to the economy, highlighting the interconnected nature of the challenges faced.

    The policy insight sets out how investment in health, education, wellbeing and social cohesion can provide a foundation to improve economic performance, while also strengthening societal resilience and capacity for change. The experts believe these investments can deliver economic gains through improved productivity in the long run.

    “It is great to see the final report being published, highlighting the importance of social investment in health, education, social security and social cohesion to underpin economic resilience.

    “Without recognising that good work and social infrastructure is interwoven with solutions to climate change and environmental degradation, the government will not be able to unlock a transformation of the UK economy that delivers prosperity for all.

    “A true systems approach, that measures and values what people care about, and care for, can deliver tangible outcomes for communities right across the UK.”

    Professor Aled Jones, Director of ARU’s Global Sustainability Institute

    The importance of social investment for UK economic strategy is available at https://www.thebritishacademy.ac.uk/documents/5761/The_importance_of_social_investment_for_UK_economic_strategy.pdf

    MIL OSI United Kingdom –

    June 11, 2025
  • MIL-OSI Global: Chatbots can help clinicians become better communicators, and this could boost vaccine uptake

    Source: The Conversation – Canada – By Jaigris Hodson, Associate Professor of Interdisciplinary Studies, Royal Roads University

    Strengthening doctors’ communications skills is a public health benefit. (Shutterstock)

    Measles is back. In recent months, outbreaks have re-emerged across North America including 2,968 cases in Canada as of May 31, 2025. At the heart of many of these surges lies missed childhood vaccinations — not just because of access barriers, but also due to conversations that didn’t happen.

    Many clinicians want to support their patients in making protective health decisions, but these are not simple conversations. Trust is essential, and clinicians need to accept that these may be complex discussions and learn how to build trust when medical misinformation and misunderstandings are in play.

    These conversations are important, but clinicians’ and patients’ time together is often limited, and it’s hard to demonstrate trustworthiness and build trust. That’s where we believe — and evidence suggests — artificial intelligence (AI) can help.

    A surprising use for AI

    AI is already being used to support diagnostic decisions and streamline administrative tasks in health care. But it also offers promise as a training tool for the human side of care.

    We’re part of a team researching how chatbots can be developed to help clinicians practise difficult conversations about vaccines. These tools have the potential to provide low-cost, emotionally engaging and psychologically safe simulations for health professionals like doctors, nurse practitioners and pharmacists.

    These kinds of tools are especially valuable in rural and remote areas, where access to in-person workshops or continuing education may be limited. Even for busy clinicians in well-resourced areas, chatbots can offer a flexible way to hone communication skills and to learn about circulating concerns.

    Improving communication

    Research consistently shows that clinicians can increase vaccine uptake by using better communication strategies. Even brief interventions — such as training in motivational interviewing — have measurable impacts on patient trust and behaviour.

    Chatbots provide an opportunity to deliver this kind of training at scale. In recent work, computational social scientist David Rand and colleagues have demonstrated how AI-based agents can be trained to engage in social conversations and generate responses that effectively persuade.

    These principles can be applied to the clinician–patient setting, allowing professionals to test and refine different ways of engaging with vaccine hesitancy before stepping into real-world conversations.

    In research conducted in Hungary, clinicians reported feeling more confident and prepared after interacting with simulated patients. The opportunity to rehearse responses, receive feedback and explore multiple conversational pathways helped clinicians understand what to say — and how and when to say it.

    Simulating conversations between clinicians and patients can help clinicians prepare for actual encounters.
    (Shutterstock)

    Practising communication

    We believe chatbots can be used to train clinicians in a type of presumptive language known as the AIMS method (announce, inquire, mirror and secure trust). Similar approaches, drawing on motivational interviewing, have been tested in Québec, where it has demonstrated success in helping clinicians increase vaccine confidence and uptake among new parents.

    This kind of intervention will simulate conversations with patients with vaccine questions, allowing physicians to practice AIMS techniques in a low-stakes environment. For example, the chatbot could play the role of a parent, and the physician would begin by announcing that it is time for the parents to vaccinate their children.

    Then, if the “parent” (the chatbot) expresses vaccine hesitancy, the physician would inquire about what is driving the hesitancy. Importantly, when the “parent” responds to the questions, the AIMS approach teaches the physician not to respond directly to the concerns, but instead first mirror the response to show the parent that they are being heard and understood.

    Finally, and sometimes after multiple rounds of inquiry and mirroring, the physician can move on to securing the parent’s trust.

    Becoming adept at methods of conversational approaches like AIMS takes practice. That’s what a chatbot can offer: repeated, flexible, low-risk rehearsal. Think of it like a flight simulator for conversations.

    Staying ahead of misinformation

    The landscape of misinformation is constantly shifting. New conspiracy theories, viral videos and misleading anecdotes can gain traction in days. Clinicians shouldn’t have to confront these narratives for the first time during a brief patient visit.

    By having the AI model underlying the chatbot constantly trawling the web for the latest misleading claims and updating chatbot scenarios regularly, we can help clinicians recognize and respond to the kinds of misinformation circulating now. This is especially important when trust in institutions is wavering and personalized, empathetic responses are most needed.

    Conversations build trust

    While we propose chatbots can be used to teach doctors how to address vaccine skepticism, motivational interviewing has already been employed via AI-based chatbots to address smoking cessation, with some promising results.

    A similar approach has also been used to encourage the uptake of stress-reduction behaviours. Though the use of chatbots in education is a growing area of inquiry, the specific use of chatbots to train physicians in motivational interviewing approaches is a new field of study.

    Using this approach as part of (continuing) clinical education could help better prepare the frontlines to serve as a successful bulwark against vaccine concerns not rooted in science.

    In the face of falling vaccination rates and rising distrust, clinicians are on the front lines of public health. We owe them better tools to prepare and build trust.

    Trust isn’t built in a moment. It’s built in conversation. And those can be practised.

    Jaigris Hodson is on the advisory board of the Clarity Foundation. She receives funding from the Social Sciences and Humanities Research Council of Canada.

    Heather Lanthorn is a senior advisor to the Clairity Foundation.

    David Rand has received funding from Google, Meta, and the Gates Foundation.

    Heather Lanthorn is the Senior Advisor to the Clarity Foundation.

    – ref. Chatbots can help clinicians become better communicators, and this could boost vaccine uptake – https://theconversation.com/chatbots-can-help-clinicians-become-better-communicators-and-this-could-boost-vaccine-uptake-255045

    MIL OSI – Global Reports –

    June 11, 2025
  • Don’t think it as conflict between India and Pakistan, it is India vs ‘Terroristan’: EAM Jaishankar

    Source: Government of India

    Source: Government of India (4)

    Reiterating that India will not give in to any kind of nuclear blackmail, External Affairs Minister (EAM) S. Jaishankar on Tuesday reaffirmed that the country strongly believes in zero tolerance for terrorism in all its forms and manifestations.

    “This is not a conflict between two states per se. This is actually a response to the threat and to the practice of terrorism. So, I would urge you to don’t think of it as India-Pakistan, think of it as India and ‘Terroristan’, you would then appreciate,” Jaishankar said while addressing a joint press conference with European Union High Representative and Vice-President of the European Commission Kaja Kallas in Brussels.

    Asserting that terrorism is a shared and interconnected challenge for the global community, the EAM mentioned that it is imperative that there must be strong international cooperation and understanding on the matter.

    EAM Jaishankar and Kallas were addressing the media after holding the first strategic dialogue between India and the European Union where both sides held an open and productive meeting with discussions focused on defence and security – including maritime, cyber and space.

    “Nuclear threats cannot pay off. This is a mutual concern. We see different actors in the world using it. In this global changing world, we need more partners, and therefore we are working to intensify our cooperation regarding security and defence,” Kallas stated.

    EAM Jaishankar highlighted that both sides exchanged views on global order, including the situation in Europe, the Ukraine conflict, the Middle East, the Indian subcontinent and Indo-Pacific.

    “My visit to Brussels is taking place three months after that of the EU College of Commissioners to India. Even in that time, it was apparent that the world order was in the midst of a profound change. These trends have intensified in many ways. We have entered an era of multipolarity and strategic autonomy, which are two important forces for India and the EU to forge deeper ties. Working towards that goal requires intensified cooperation in many domains,” he stated

    “There will be situations when our perspectives will not be entirely identical and which is understandable. But what is important is that we expand common ground and understanding and enhance levels of trust,” he added.

    Jaishankar also mentioned that India aims to conclude the ambitious India-EU Free Trade Agreement (FTA) by the end of the year.

    “Stabilising and de-risking the international economy today is a strategic priority for us. This has many dimensions, including more resilient and reliable supply chains as well as increasing trust and transparency in digital interactions. Creating stronger economic and technology partnerships between major players acquires greater value. It is with that perspective that we support the goal of concluding an ambitious and balanced India-EU FTA by the end of this year,” the EAM remarked.

    (IANS)

    June 11, 2025
  • MIL-OSI USA: Wyden, Merkley, Shaheen, Schumer Lead Amicus Brief Supporting Oregon Attorney General Rayfield Challenging Trump Administration Abuse of Emergency Powers to Impose Tariffs

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    June 10, 2025
    Washington, D.C. – U.S. Senators Ron Wyden (D-OR) and Jeff Merkley (D-OR) today led their colleagues in filing an amicus brief in Oregon v. Department of Homeland Security, a key case led by Oregon Attorney General Dan Rayfield challenging the Trump Administration’s abuse of emergency powers to impose tariffs.
    The brief—which Wyden spearheaded with Senator Jeanne Shaheen (D-NH) and Senate Democratic Leader Chuck Schumer (D-NY)—opposes the Administration’s request for a stay of a recent court decision that struck down these tariffs.  
    “Donald Trump has been abusing the law on trade since Day One, and the result has been trade chaos that is raising prices and costing American jobs,” said Wyden, Ranking Member of the Senate Finance Committee. “I stand with AG Rayfield and Oregonians to tell the court that Congress never intended the International Emergency Economic Powers Act to be a blank check to tax everything Americans buy. The faster these tariffs are struck down and Congress restores its authority over trade and tariffs, the better it will be for American families.”
    “Trump’s illegal and chaotic tariffs are harming American consumers and businesses, leaving them to foot the bill for Trumpflation’s rising prices,” Merkley said. “While Trump is doing all he can to make life more expensive for families across the country, we’re fighting back against the Trump tariff wrecking ball with every tool at our disposal.”
    “Trump’s tariffs make everything more expensive for all of us – from the food you buy at the grocery store to your monthly utility bill, most Oregonians cannot afford $3800 a year for these tariffs,” Rayfield said. “Senator Wyden and Senator Merkley’s support in this case further illustrates how the president is misusing his emergency powers.”
     In May, the U.S. Court of International Trade held that the Trump Administration lacked authority to issue the challenged tariffs under the International Emergency Economic Powers Act (IEEPA)—a statute that no president prior to President Trump has ever tried to use to impose tariffs. The Senators’ amicus brief argues a stay should be rejected.  
    “Granting a stay will cause irreparable harm to constituents of?Amici,?particularly thousands of small and medium-sized businesses that will continue to be harmed if the President persists in collecting the unlawful IEEPA tariffs,” the senators wrote. “Small businesses do not have cash-on-hand or capital reserves to pay the increased tariffs, nor can they quickly?adapt to them by modifying supply chains.??If they cannot pass on the tariff costs to consumers—which would create additional harms for?Amici’s constituents—many face letting employees go or filing for bankruptcy. ?Even a few weeks of additional tariffs means small businesses will suffer irreparable harm.” 
    “The powers to impose tariffs and regulate international trade were given to Congress for a reason,” the senators continued. “Absent authorization from Congress to impose tariffs and approval to enter binding, durable trade agreements, it is contrary to the public interest for the President to arrogate Congress’s power to himself.” 
    “Further, the broad-based tariffs, which include extensive levies on treaty allies Japan, Canada, and members of the NATO alliance, undermine U.S. national security by weakening U.S. alliances,” the senators concluded. “Amici? regularly?interact?with U.S.-allied leaders who want to work with the U.S. on security and economic matters; IEEPA tariffs have been raised as one of the foremost irritants and obstacles to maintaining strong partnerships with the U.S. ?Multiple allied governments, including Canada, Mexico, and the European Union, have threatened retaliation targeting American exports and American companies—further compounding the economic harm to?Amici’s?constituents. ?Denying a?stay will?ensure the Administration cannot continue to usurp powers granted to Congress, and it will promote?U.S. national security and economic interests.” 
    The full amicus brief is here.
    The amicus brief was signed by Senators Tim Kaine (D-VA), Peter Welch (D-VT), Michael Bennet (D-CO), Jacky Rosen (D-NV), Ben Ray Luján (D-NM), Maria Cantwell (D-WA), Andy Kim (D-NJ), Catherine Cortez Masto (D-NV), Chris Van Hollen (D-MD), Adam Schiff (D-CA), Maggie Hassan (D-NH), Tammy Duckworth (D-IL), Angus King (I-ME), Richard Blumenthal (D-CT), John Hickenlooper (D-CO), Alex Padilla (D-CA), Chris Coons (D-DE), Dick Durbin (D-IL), Mark Warner (D-VA), Martin Heinrich (D-NM), Bernie Sanders (I-VT), Amy Klobuchar (D-MN), Raphael Warnock (D-GA), Lisa Blunt Rochester (D-DE), Mazie Hirono (D-HI), Brian Schatz (D-HI) and Edward Markey (D-MA). 

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI: No Limit Casinos That Are Making Waves in the 2025 Gambling Scene- By All iGaming Experts!

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 10, 2025 (GLOBE NEWSWIRE) — The online gambling industry is evolving with the rise of no limit casinos, offering high rollers and players flexibility to deposit, withdraw, and bet without restrictions. These platforms, also known as no limit casinos or no limit casino online platforms, provide unparalleled control over your gaming experience. However, with great freedom comes the need for caution—choosing the right platform is crucial to avoid risks like unfair practices. 

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    Final Verdict On Best No Limit Casinos

    No limit casinos are reshaping online gambling by offering players the freedom to play without restrictions. With unlimited deposits, withdrawals, and high-stakes betting opportunities, these platforms cater to those seeking a highroller – online casino experience. However, this freedom comes with the need for caution, as unregulated platforms and unfair practices pose risks. Choosing a reputable no limit casino is essential for a safe and enjoyable gaming experience.

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    ➡️About All iGaming

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    FAQs

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    Email:support@alligaming.com

    Attachment

    • AlliGaminges

    The MIL Network –

    June 11, 2025
  • MIL-OSI: Siili Solutions Plc: Share Repurchase 10.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  10.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 10.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           10.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 000 Shares
    Average price/ share    6,3338 EUR
    Total cost            6 333,80 EUR
         
         
    Siili Solutions Plc now holds a total of 8 198 shares
    including the shares repurchased on 10.6.2025  
         
    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 10.6.2025 Trades

    The MIL Network –

    June 11, 2025
  • MIL-OSI Security: Weston Man Pleads Guilty to Insider Trading Offense

    Source: US FBI

    David X. Sullivan, United States Attorney for the District of Connecticut, and P.J. O’Brien, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that RYAN SQUILLANTE, 40, of Weston, waived his right to be indicted and pleaded guilty before U.S. District Judge Vernon D. Oliver in Hartford to an insider trading offense.

    According to court documents and statements made in court, working from his home, Squillante was employed as the Head of Equity Trading at Irving Investors, an investment company headquartered in Denver, Colorado.  As a result of his position at Irving Investors, Squillante received material non-public information (“MNPI”) about various publicly traded companies.  On 15 different occasions between August 2022 and May 2023, Squillante used MNPI for his own benefit by executing transactions in securities of these companies, making a total profit of $220,912.

    As an example, in February 2023, Squillante received MNPI about Praxis Precision Medicines, Inc. (“Praxis”), a clinical-stage biopharmaceutical company whose common stock traded on the NASDAQ.  Between February 27 and March 2, 2023, Squillante “sold short” 38,086 shares of Praxis at an average price per share of approximately $3.04.  On March 3, 2023, before the market opened, Praxis announced poor results from its drug trial, stating that the drug’s effects did not achieve its primary endpoint with statistical significance.  Following the announcement, Squillante “covered” his short sale by purchasing 38,086 Praxis shares at an average price per share of approximately $1.82, making a profit of approximately $46,421.

    Squillante pleaded guilty to securities fraud, an offense that carries a maximum term of imprisonment of 20 years.  Judge Oliver scheduled sentencing for August 29.

    This matter is being investigated by the Federal Bureau of Investigation with the assistance of the Securities and Exchange Commission.  The case is being prosecuted by Assistant U.S. Attorney Heather L. Cherry.

    MIL Security OSI –

    June 11, 2025
  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission to Turkmenistan

    Source: IMF – News in Russian

    June 10, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Growth slowed in 2024 due to weak hydrocarbon exports. The main economic challenge is to translate hydrocarbon wealth into more diversified, sustainable, and inclusive growth.
    • A more market-based strategy, reforms to the monetary and exchange rate frameworks, increased public spending efficiency, and enhanced governance and transparency would support the transition to a more diversified and robust economy.
    • Further improvements in the availability, quality, and reliability of economic statistics would help inform policy makers and increase transparency and credibility.

    Washington, DC: An International Monetary Fund (IMF) mission led by Ms. Anna Bordon visited Ashgabat during May 21-June 3, 2025. The purpose of the visit was to review the country’s economic landscape, including its financial developments, economic outlook, risks, and policies aimed at promoting diverse, inclusive, and sustainable growth. The mission met with senior government officials, representatives of the private and financial sectors, and the diplomatic community. At the end of the visit, Ms. Bordon issued the following statement: 

    “Economic activity moderated in 2024, and inflation softened in recent months. IMF staff estimate that growth slowed to 3.0 percent in 2024 from 4.5 percent in 2023, owing to weak hydrocarbon exports. Inflation decelerated from 3.8 percent at end 2024 to 1.1 percent in March 2025 owing to a sharp slowdown in food inflation combined with deflation in non-food items and low inflation in services. Credit growth and monetary conditions have been tighter since the second half of 2023, while the parallel market exchange rate has remained broadly stable. The current account surplus narrowed from 5.9 percent of GDP in 2023 to 4.4 percent in 2024.

    “Looking ahead the economy is expected to expand at around 2.3 percent in 2025 and over the medium term. Hydrocarbon exports growth is expected to be negative in 2025, but to gradually pick up to around 2 percent over the medium term while non-hydrocarbon growth is expected to remain subdued, given the challenging business environment, investment inefficiencies, significant real exchange rate overvaluation, and protectionism. Inflation is projected to pick up gradually over the medium term due to looser monetary conditions, returning to its recent historical average of 8 percent, which is primarily fueled by the long-standing policy of increasing public sector wages and pensions by 10 percent annually. The external position is projected to gradually deteriorate, shifting from a surplus to a deficit, driven by lower hydrocarbon prices, declining oil exports, and an overvalued currency. Rising wages are also expected to fuel import demand, further weakening the trade balance. Risks to the outlook remain tilted to the downside.

    “The nonhydrocarbon primary balance improved in 2024, with higher revenues more than offsetting an increase in capital spending. Looking ahead, the deficit is anticipated to narrow further over the medium term, with capital spending expected to moderate. To leverage this positive trajectory, it is crucial for Turkmenistan to focus its spending on enhancing physical and human capital. This will require improving spending efficiency and public investment management, transitioning towards performance-based public wage increases, and reforming state-owned enterprises (SOEs).

    “Strengthening fiscal reporting and public financial management (PFM) should be a top priority. Turkmenistan should expedite the implementation of medium-term budgeting, establishment of a single treasury account, and the expansion of fiscal reporting coverage. Reforming SOEs is also pivotal in managing fiscal risks, enhancing fiscal transparency, and fostering private sector development by reducing the state footprint.

    “The Central Bank of Turkmenistan (CBT) should focus on price and financial stability. Until recently, the CBT had typically kept monetary policy loose to support the government’s long-term development objectives. Since the second half of 2023, however, CBT net lending to banks has slowed considerably, owing to SOE repayments. Going forward, commercial bank lending for development purposes, if needed, should be supported by the state budget, and not by the CBT. The CBT should also modernize its central bank operations and accelerate its efforts to strengthen financial regulation, supervision, and crisis management.

    “Unifying the exchange rates would support Turkmenistan’s diversification objectives and reduce economic distortions and governance vulnerabilities. Turkmenistan should consider a significant upfront adjustment of the official exchange rate combined with sufficiently tight macroeconomic policies, a clear communication strategy, and enhanced social benefits to protect the most vulnerable. Post-adjustment, the devalued official exchange rate can remain the monetary anchor, with the CBT ready to provide FX to meet demand. Exchange restrictions on current international transactions should also be eliminated, to create a level-playing field, improve efficiency, and alleviate FX shortages. The adjustment measures and supporting reforms need to be sequenced carefully, while recognizing inherent uncertainties.

    “Turkmenistan is adequately prioritizing economic diversification. A pre-requisite for diversification is macroeconomic stability, including as a core element the unification of the exchange rates and elimination of exchange restrictions. Moving away from a centrally planned economy will require continued efforts to liberalize prices and reduce the state footprint to allocate resources more efficiently. A more market-oriented economy will also require improving governance, skills, infrastructure, digitalization, and logistics while accelerating the efforts toward WTO accession.

    “Further improvements in the availability, quality, and reliability of economic statistics would help inform policy makers and increase transparency and credibility.   

    “The IMF team is grateful to the authorities and other stakeholders for their warm hospitality and insightful and candid discussions.”

    Turkmenistan: Selected Economic and Financial Indicators, 2022–26

     
       

     

     

     

     

     

     

       
     

    Est.

    Est.

    Est.

    Proj.

    Proj.

       

     

    2022

    2023

    2024

    2025

    2026

       
       

     

    Output and prices

    (Annual percentage change)

       

    Real GDP 1/

    3.0

    4.5

    3.0

    2.3

    2.3

       

    Real hydrocarbon GDP

    -6.4

    -0.6

    -10.6

    -2.6

    1.8

       

    Real nonhydrocarbon GDP

    5.2

    5.6

    5.7

    3.0

    2.3

       

    Consumer prices (end of period)

    3.0

    1.4

    3.8

    4.0

    6.0

       

    Consumer prices (period average)

    11.2

    -1.6

    4.6

    3.9

    5.0

       
     

    Investment and savings

    (In percent of GDP)

       

    Gross investment

    18.2

    17.0

    16.0

    13.0

    12.9

       

             Of which: State budget

    0.5

    0.9

    1.6

    0.7

    0.7

       

    Gross savings

    27.9

    22.9

    20.4

    15.1

    13.3

       
     

    Fiscal sector

    (In percent of GDP)

       

    Overall fiscal balance 2/

    3.4

    0.1

    -0.1

    0.3

    -0.3

       

          Revenue

    16.4

    13.8

    14.4

    14.1

    13.7

       

          Expenditure

    13.0

    13.7

    14.5

    13.8

    14.1

       

    Total public debt 3/

    7.9

    5.8

    3.6

    3.3

    3.1

       
     

    Monetary sector

    (12-month percent change, unless otherwise indicated)

       

    Credit to the economy 4/

    8.2

    0.3

    2.2

    5.4

    5.9

       

    Credit to GDP ratio

    58.6

    53.1

    49.6

    49.9

    49.6

       

        Broad money, incl. foreign currency deposits at CBT

    -2.6

    -2.5

    10.1

    5.3

    6.7

       
     

    External sector

    (In percent of GDP, unless otherwise indicated)

       

    Exports of goods (In millions of US$)

    14,727

    12,963

    12,168

    11,218

    11,068

       

    Imports of goods (In millions of US$)

    7,188

    7,401

    7,665

    8,407

    9,085

       

    Current account balance

    9.7

    5.9

    4.4

    2.1

    0.4

       

    Foreign direct investment

    2.0

    0.9

    0.4

    0.0

    0.0

       

    Total public sector external debt

    7.9

    5.8

    3.6

    3.3

    3.1

       
             

    Memorandum items:

             

    Nominal GDP (in millions of manat)

    198,371

    219,848

    240,363

    251,884

    268,110

       

    Nominal GDP (in millions of US$)

    56,677

    62,814

    68,675

    71,967

    76,603

       
       
       

    Sources: Turkmen authorities; and Fund staff estimates and projections.

           

    1/ Staff uses its own GDP estimates given that the narrative underlying the official GDP growth estimates is hard to reconcile with other available data. In particular, official GDP growth is extremely stable, despite shocks, including the pandemic.

                       

    2/ Excluding receipts from government bond issuance and privatization proceeds.

                     

    3/ Includes domestic state government debt and external public and publicly guaranteed debt.

                   

    4/ Including credit to SOEs.

     

     

     

                         
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/10/pr-25190-turkmenistan-imf-completes-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

    June 11, 2025
  • MIL-OSI Economics: EIA expects low crude oil prices and declining rig count to affect U.S. crude oil production trends through 2026

    Source: US Energy Information Administration – EIA

    Headline: EIA expects low crude oil prices and declining rig count to affect U.S. crude oil production trends through 2026

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    June 10, 2025

    The U.S. Energy Information Administration (EIA) expects the Brent crude oil price to fall to near $60 per barrel by the end of the year and to average about $59 per barrel in 2026. EIA expects the low price of crude oil to affect both U.S. crude oil production and retail gasoline prices in the short term.

    In its June Short-Term Energy Outlook (STEO), EIA forecasts U.S. crude oil production to average about 13.4 million barrels per day this year, just below the record highs earlier this year. For 2026, the forecast is slightly lower than 2025 levels. EIA expects U.S. retail gasoline prices to average below $3.10 per gallon through the end of 2026, which is about 6% lower than the 2024 average price.

    U.S. energy market indicators 2024 2025 2026
    Brent crude oil spot price (dollars per barrel) $81 $66 $59
    Retail gasoline price (dollars per gallon) $3.30 $3.10 $3.10
    U.S. crude oil production (million barrels per day) 13.2 13.4 13.4
    Natural gas price at Henry Hub (dollars per million British thermal units) $2.20 $4.00 $4.90
    U.S. liquefied natural gas gross exports (billion cubic feet per day) 12 15 16
    Shares of U.S. electricity generation       
    Natural gas 42% 40% 40%
    Coal 16% 16% 15%
    Renewables 23% 25% 27%
    Nuclear 19% 19% 18%
    U.S. GDP (percentage change) 2.8% 1.4% 1.7%
    U.S. CO2 emissions (billion metric tons) 4.8 4.8 4.8
    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025

    Some key highlights from the June STEO include:

    • Global oil supply, demand, and prices: EIA revised its 2025 global oil production forecast slightly upward and its global petroleum products consumption forecast slightly downward for both 2025 and 2026, leading to an expectation of growing global oil inventories. EIA expects oil inventories to grow by about 800,000 barrels per day in 2025 and 600,000 barrels per day in 2026. EIA’s expectations for inventory growth are the primary reason it expects oil prices to decline through this year and next year.
    • U.S. crude oil production: Domestic crude oil production reached an all-time high of 13.5 million barrels per day in the second quarter of 2025. EIA expects U.S. crude oil production to decline from that high through the end of 2026 as oil producers respond to lower prices. Data from Baker Hughes shows the number of active drilling rigs declined last month by much more than EIA had expected. Fewer active rigs affect EIA’s forecast for how many wells U.S. operators will drill and complete throughout 2026. EIA expects U.S. crude oil production to average about 13.4 million barrels per day this year and just below that amount in 2026.
    • U.S. gasoline prices: Another effect of lower oil prices is that EIA expects lower average U.S. gasoline prices through 2026. Regular-grade retail gasoline prices average $3.10 per gallon in the third quarter of 2025 in EIA’s forecast, down 7% from the same period last year. EIA expects retail gasoline prices in the eastern part of the country to be below $3.00 per gallon for most of the next year and a half. On the West Coast, EIA expects refinery capacity reductions to cause a 4% annual price increase next year.
    • Natural gas prices: EIA expects the Henry Hub natural gas spot price to average about $4.00 per million British thermal units (MMBtu) in 2025 and $4.90/MMBtu in 2026, compared with $2.20/MMBtu in 2024.
    • Electricity demand: EIA revised its forecast for electricity demand growth in 2025 upward by about 1% to reflect greater expected demand growth in the commercial and industrial sectors, particularly from data centers and manufacturing operations. This growth in power demand is especially notable in regions managed by the Electricity Reliability Council of Texas and PJM independent system operators. EIA expects that U.S. commercial sector electricity consumption will grow by 3% in 2025 and by 5% in 2026.
    • Electricity generation: EIA expects total U.S. electricity generation this summer will be about 1% greater than last summer. EIA expects higher natural gas prices this summer to result in less generation from natural gas-fired power plants compared with last summer, which is expected to be offset by more generation from coal, solar, and hydro.
    • Trade policy assumptions: The U.S. macroeconomic outlook we use in the STEO is based on S&P Global’s macroeconomic model. S&P Global’s most recent model reflects the tariffs announced in April and includes the 90-day temporary suspension of tariffs granted to certain countries. However, the model was finalized before the ruling by the Court of International Trade on May 28th that temporarily halted all reciprocal tariffs. As a result, our macroeconomic forecast assumes lower tariffs on China’s products compared with last month’s STEO and 10% tariffs on countries subject to the 90-day temporary suspension. These differences in tariff rates likely have offsetting effects on the macroeconomic forecast.

    The full June 2025 Short-Term Energy Outlook is available on the EIA website.

    The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and this press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

    EIA Program Contact: Tim Hess, STEO@eia.gov
    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI USA: EIA expects low crude oil prices and declining rig count to affect U.S. crude oil production trends through 2026

    Source: US Energy Information Administration

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    June 10, 2025

    The U.S. Energy Information Administration (EIA) expects the Brent crude oil price to fall to near $60 per barrel by the end of the year and to average about $59 per barrel in 2026. EIA expects the low price of crude oil to affect both U.S. crude oil production and retail gasoline prices in the short term.

    In its June Short-Term Energy Outlook (STEO), EIA forecasts U.S. crude oil production to average about 13.4 million barrels per day this year, just below the record highs earlier this year. For 2026, the forecast is slightly lower than 2025 levels. EIA expects U.S. retail gasoline prices to average below $3.10 per gallon through the end of 2026, which is about 6% lower than the 2024 average price.

    U.S. energy market indicators 2024 2025 2026
    Brent crude oil spot price (dollars per barrel) $81 $66 $59
    Retail gasoline price (dollars per gallon) $3.30 $3.10 $3.10
    U.S. crude oil production (million barrels per day) 13.2 13.4 13.4
    Natural gas price at Henry Hub (dollars per million British thermal units) $2.20 $4.00 $4.90
    U.S. liquefied natural gas gross exports (billion cubic feet per day) 12 15 16
    Shares of U.S. electricity generation       
    Natural gas 42% 40% 40%
    Coal 16% 16% 15%
    Renewables 23% 25% 27%
    Nuclear 19% 19% 18%
    U.S. GDP (percentage change) 2.8% 1.4% 1.7%
    U.S. CO2 emissions (billion metric tons) 4.8 4.8 4.8
    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025

    Some key highlights from the June STEO include:

    • Global oil supply, demand, and prices: EIA revised its 2025 global oil production forecast slightly upward and its global petroleum products consumption forecast slightly downward for both 2025 and 2026, leading to an expectation of growing global oil inventories. EIA expects oil inventories to grow by about 800,000 barrels per day in 2025 and 600,000 barrels per day in 2026. EIA’s expectations for inventory growth are the primary reason it expects oil prices to decline through this year and next year.
    • U.S. crude oil production: Domestic crude oil production reached an all-time high of 13.5 million barrels per day in the second quarter of 2025. EIA expects U.S. crude oil production to decline from that high through the end of 2026 as oil producers respond to lower prices. Data from Baker Hughes shows the number of active drilling rigs declined last month by much more than EIA had expected. Fewer active rigs affect EIA’s forecast for how many wells U.S. operators will drill and complete throughout 2026. EIA expects U.S. crude oil production to average about 13.4 million barrels per day this year and just below that amount in 2026.
    • U.S. gasoline prices: Another effect of lower oil prices is that EIA expects lower average U.S. gasoline prices through 2026. Regular-grade retail gasoline prices average $3.10 per gallon in the third quarter of 2025 in EIA’s forecast, down 7% from the same period last year. EIA expects retail gasoline prices in the eastern part of the country to be below $3.00 per gallon for most of the next year and a half. On the West Coast, EIA expects refinery capacity reductions to cause a 4% annual price increase next year.
    • Natural gas prices: EIA expects the Henry Hub natural gas spot price to average about $4.00 per million British thermal units (MMBtu) in 2025 and $4.90/MMBtu in 2026, compared with $2.20/MMBtu in 2024.
    • Electricity demand: EIA revised its forecast for electricity demand growth in 2025 upward by about 1% to reflect greater expected demand growth in the commercial and industrial sectors, particularly from data centers and manufacturing operations. This growth in power demand is especially notable in regions managed by the Electricity Reliability Council of Texas and PJM independent system operators. EIA expects that U.S. commercial sector electricity consumption will grow by 3% in 2025 and by 5% in 2026.
    • Electricity generation: EIA expects total U.S. electricity generation this summer will be about 1% greater than last summer. EIA expects higher natural gas prices this summer to result in less generation from natural gas-fired power plants compared with last summer, which is expected to be offset by more generation from coal, solar, and hydro.
    • Trade policy assumptions: The U.S. macroeconomic outlook we use in the STEO is based on S&P Global’s macroeconomic model. S&P Global’s most recent model reflects the tariffs announced in April and includes the 90-day temporary suspension of tariffs granted to certain countries. However, the model was finalized before the ruling by the Court of International Trade on May 28th that temporarily halted all reciprocal tariffs. As a result, our macroeconomic forecast assumes lower tariffs on China’s products compared with last month’s STEO and 10% tariffs on countries subject to the 90-day temporary suspension. These differences in tariff rates likely have offsetting effects on the macroeconomic forecast.

    The full June 2025 Short-Term Energy Outlook is available on the EIA website.

    The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and this press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

    EIA Program Contact: Tim Hess, STEO@eia.gov
    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI Africa: President reaffirms commitment to global diplomacy 

    Source: South Africa News Agency

    President Cyril Ramaphosa has reaffirmed South Africa’s commitment to global diplomacy, describing the upcoming G7 Leaders’ Summit as a critical opportunity to strengthen international partnerships and promote the country’s leadership within the G20.

    Speaking to members of the media during a visit to Sefako Makgatho Primary School in Saulsville, Pretoria, the President confirmed that South Africa had been officially invited to attend the G7 by Canada, this year’s chair of the summit.

    “Yes, we are going to the G7. We’ve been invited by Canada, who are the conveners, who are the head of the G7 this time around. I’m hoping that when we meet the various leaders of the G7, we’ll be able to interact meaningfully with them,” President Ramaphosa said.

    The President outlined a number of key bilateral engagements scheduled on the sidelines of the summit, including meetings with the Chancellor of Germany, the Prime Minister of Canada, and the President of the United States, Donald Trump.

    “The G7 gives us an opportunity to go and propagate our message, the message about the presidency of South Africa’s G20 and how we want to see great outcomes of the G20. We’re going to use it as a platform to begin to consolidate what we want to have in November when the leaders’ summit takes place here,” the President said on Tuesday.

    President Ramaphosa is set to jet off to Canada, Kananaskis from 14-17 June to attend and participate in the G7 Leaders’ Summit. 

    READ | President Ramaphosa to attend G7 Leaders’ Summit in Canada

    Reflecting on the US working visit

    Reflecting on his recent visit to the White House in Washington DC, President Ramaphosa dismissed criticism of the trip, saying it was a strategic move to reset relations with one of South Africa’s key trading partners.

    “We do confirm that our visit to the White House in the United States was a moment where South Africa set out to reset the relationship with the United States, and I do believe that we have achieved that. 

    “Many people were very critical of our going there…and some were even suggesting that we were summoned. We were not summoned. In my telephone conversation with President Trump two weeks earlier, I said, I want to come and see you. And immediately conceded to that, and later they gave us a date. So that is not summoning, it is us taking the initiative that we want to go and see him,” the President said. 

    He said there was engagement that was taking place between the Department of Trade and Industry and Competition and the Department of International Relations. “So, we’ve opened the way for us to engage seriously with the United States. And on the other hand, we were also going to talk about trade matters, and that is now underway,” the President said. 

    He added that the White House meeting was also used to underscore the importance of President Trump attending the upcoming G20 Summit, which South Africa will host in November. 

    The President added that President Trump had “immediately conceded” that the G20 is not fully effective without the participation of the United States. 

    “For us, it’s important as a nation to reposition ourselves in the very turbulent geopolitical architecture or situation that we have, and that is why it was important to go to the United States, as we will go to many other countries, both on our own continent, in the Middle East and in Asia and in Europe as well. 

    “We are a country that is exposed and has relations with many countries around the world, and where the challenges and problems, we should immediately take action to correct those,” the President said. – SAnews.gov.za

    MIL OSI Africa –

    June 11, 2025
  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Peru

    Source: IMF – News in Russian

    June 10, 2025

    • After a strong recovery in 2024, growth is expected to moderate in 2025, amid global and election-related uncertainty, and thereafter to remain close to potential. Inflation is expected to remain close to the midpoint of the target band. The financial system is sound. Risks are tilted to the downside given elevated external uncertainty, but Peru has ample buffers to cope with shocks.
    • Meeting the 2025 fiscal deficit target would require additional efforts in a pre-election year. In the medium term, further fiscal consolidation measures should be identified to comply with the fiscal rule deficit targets and debt ceiling. Introducing both spending and revenue measures would make the consolidation more balanced and credible.
    • Structural reforms are urgently required to lift potential growth, including updating the fiscal decentralization framework to help boost investments in the critical mineral sector. Enhanced efforts are needed to curb the low but rising level of insecurity, reform labor and tax regulations that impose excessive costs for formalizing or growing a business, enhance the independence and integrity of judicial bodies and tools to combat corruption impunity, build resilience to natural disasters, and embrace the opportunities of digital technologies and artificial intelligence.

    Washington, DC: On June 5, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the 2025 Article IV consultation[1] with Peru and endorsed the staff appraisal without a meeting on a lapse-of-time basis.[2]

    The economy has recovered from consecutive natural disaster shocks and social turmoil. Inflation is firmly within the target band, owing to the central bank’s early and decisive monetary tightening followed by cautious easing. The financial sector remained sound and profitable. The current account surplus further improved, underpinned by strong terms of trade. However, the fiscal position weakened. A relative political stability persists but pre-election tensions are rising. Lingering political uncertainty weighs on economic prospects and dents the appetite for structural reforms to boost potential growth.

    Growth is expected to moderate to 2.8 percent in 2025. A favorable momentum in private consumption and elevated public investment would support continued growth, but pre-election tensions would weigh on the private investment recovery while the impact of the first-round effects of the tariffs and global growth slowdown would be negative, although relatively moderate. Inflation is expected to remain within the target band of 1-3 percent. The current account balance is envisaged to remain in a surplus of 1.7 percent of GDP in 2025, with low external financing and debt rollover risks.

    Evolving risks are dominated by the potential for larger adverse impacts on global growth and commodity prices, due to prolonged trade policy uncertainty and financial market volatility, but Peru has ample buffers to cope with shocks. In the short term, key domestic risks include an intensification of political uncertainty, social unrest over security concerns, and weather-related shocks. Key external risks include trade policy uncertainty, tighter financial conditions, and commodity price volatility. Recent government initiatives to accelerate private sector involvement in public investment projects and streamline burdensome regulations could help revive private investment. Peru’s macroeconomic resilience is reinforced by very strong buffers including low public debt, abundant international reserves, and access to international capital markets on favorable terms.

    Executive Board Assessment

    After a strong recovery, growth is expected to moderate, amid global policy uncertainty and pre-election tensions, and thereafter to remain close to potential. With a closed output gap and firmly anchored inflation expectations, headline inflation would remain within the target band. The current account balance is envisaged to remain in a surplus, only gradually returning to a deficit in the medium term—stabilizing at its norm, of about 1.5 percent of GDP—as private investment recovers and terms of trade normalize. The external position in 2024 was stronger than the level implied by medium-term fundamentals and desirable policies, due to strong terms of trade and a recovery in traditional exports. Risks are tilted to the downside given elevated external uncertainty, but Peru has ample buffers to cope with shocks. Very strong macroeconomic policies and institutional policy frameworks remain in place.

    A broadly neutral monetary policy stance is appropriate. Inflation expectations are approaching 2 percent, and the output gap is closed. However, given heightened external uncertainty, monetary policy should remain data dependent. Continued exchange rate flexibility should be allowed to help cushion the impact of external shocks.

    Meeting the 2025 fiscal deficit target will require additional efforts in a pre-election year. The 2025 budget envisages a deficit of 2.2 percent of GDP, consistent with the revised fiscal rule target. A tax revenue rebound from the economic recovery and one-off factors will help reduce the deficit in 2025, but additional efforts of about 0.4 percent of GDP will be needed to secure fiscal rule compliance. Additional spending control measures would make this year’s consolidation plans more credible and balanced. In May 2025, the authorities announced initiatives to improve spending efficiency, but further efforts will be needed to comply with this year’s target.

    A combination of spending restraint and revenue-raising measures would be needed to comply with the medium-term fiscal targets. To comply with the fiscal rule deficit target of 1 percent of GDP by 2028 and the debt ceiling of 30 percent of GDP by 2035, the authorities’ medium-term consolidation plan envisages a reduction of current spending by about 0.4 percent of GDP per year between 2026 and 2028. Identifying both revenue and spending measures—including efforts to streamline tax expenditures; strengthen tax administration; and control wages, discretionary transfers, and inefficient public investment—would secure a balanced and gradual consolidation. In the absence of measures, public debt would gradually rise over the medium term, while remaining relatively low compared to peers. Legislative initiatives bearing fiscal costs, proposals that erode the tax base, and excessive reliance on private participation schemes would complicate the attainment of fiscal targets. Reforms to significantly reduce Petroperú’s costs and enhance its transparency and governance are also needed to safeguard fiscal credibility.

    Systemic risks are limited, but authorities should continue to proactively contain financial vulnerabilities. Banks are profitable, with ample liquidity and capital buffers. While elevated for small- and medium-sized firms, NPLs are expected to continue improving and would support the growth of credit. The authorities should continue to be vigilant of pockets of vulnerability, particularly in corporate loans.

    Focused macroprudential policies could reduce financial vulnerabilities from remaining dollarized credit. While the aggregate value of unhedged dollar credit is low, unhedged dollar credit tends to be riskier and concentrated in large- and medium-sized companies in the construction, commerce, and manufacturing sectors. The authorities’ regulation to introduce higher risk weighting in 2026 will help alleviate vulnerabilities from unhedged dollar credit. To ensure the stability of dollar funding for financial institutions, the authorities could consider introducing currency-specific NSFR requirements to complement the existing currency-specific LCR limits.

    Policy efforts are needed to revive the domestic capital market. It is critical to maintain the prohibition of future pension withdrawals, as approved in the recent pension reform, to protect the functioning of the domestic capital market, decrease financing costs, and lower the risks of old-age poverty. Measures to broaden the investor base through retail investment products could play a significant role in attracting funds back into the securities market.

    Financial resilience would be strengthened by addressing remaining regulatory gaps. The revised Basel III risk-weight framework and improving the activation criteria for the countercyclical capital buffer (CCyB) will help enhance the effectiveness of the entire regulatory framework. Completing the evaluation of recovery plans for domestic systemically important banks and expanding to the financial group level and their resolution planning will eliminate uncertainty under potential systemic events by facilitating orderly crisis management.

    Updating the fiscal decentralization framework, along other needed structural reforms, could help boost investments in the critical mineral sector and increase potential growth. A US$64 billion pipeline of mining investment projects has been mostly stalled for many years due to bureaucratic complexity and social conflicts. Unlocking these projects and channeling the additional fiscal revenues could permanently boost potential growth. Updating the fiscal decentralization framework, including redesigning natural resource revenue-sharing formulas, to improve public spending efficiency and generate high-impact public investments could help ensure that mining dividends translate into greater development. Enhanced efforts are also needed to curb the low but rising level of insecurity, reform labor and tax regulations that impose excessive costs for formalizing or growing a business, enhance the independence and integrity of judicial bodies and tools to combat corruption impunity, build resilience to natural disasters, and embrace the opportunities of digital technologies and artificial intelligence. The OECD accession process provides a clear roadmap for other critical reforms to boost the business climate, reduce informality, and reform the civil service.

     

    Peru: Selected Economic Indicators

    2020

    2021

    2022

    2023

    2024

    Proj.

    2025

    2026

    2027

    2028

    2029

    2030

    Social Indicators

    Poverty rate (total) 1/

    30.1

    25.9

    27.5

    29

    27.6

    …

    …

    …

    …

    …

    …

    Unemployment rate for Metropolitan Lima (average)

    13

    10.7

    7.8

    6.8

    6.4

    …

    …

    …

    …

    …

    …

    (Annual percentage change; unless otherwise indicated)

    Production and Prices

    Real GDP

    -10.9

    13.4

    2.8

    -0.4

    3.3

    2.8

    2.6

    2.5

    2.5

    2.5

    2.5

    Output gap (percent of potential GDP)

    -5.5

    0.8

    0.7

    -1.3

    -0.4

    0

    0

    0

    0

    0

    0

    Consumer prices (end of period)

    2

    6.4

    8.5

    3.2

    2

    2

    2

    2

    2

    2

    2

    Consumer prices (period average)

    1.8

    4

    7.9

    6.3

    2.4

    1.7

    1.9

    2

    2

    2

    2

    Money and Credit 2/ 3/

    Broad money

    29.2

    2.7

    -0.7

    2.2

    11.6

    1.7

    5.6

    5.6

    5.6

    5.6

    5.6

    Net credit to the private sector

    14

    6.5

    3.3

    0.7

    0.9

    4.7

    5.7

    6

    6

    6

    6

    Credit-to-private-sector/GDP ratio (%)

    52.4

    45.9

    44.4

    41.8

    38.9

    38.9

    39.3

    39.8

    40.4

    40.9

    41.5

    External Sector

                       

    Exports

    -10.7

    47.4

    4.8

    2

    12.4

    5.8

    3.1

    1.9

    3.2

    3.2

    2.7

    Imports

    -15.5

    38.2

    16.7

    -11

    4.5

    4.1

    3.1

    4.1

    4.4

    4.6

    4.6

    External current account balance (percent of GDP)

    0.9

    -2.1

    -4.1

    0.7

    2.2

    1.7

    1.3

    0.4

    -0.1

    -0.8

    -1.5

    Gross reserves In billions of U.S. dollars

    74.9

    78.5

    72.2

    71.3

    79.2

    84.2

    88.7

    92.7

    96.4

    100.4

    104.9

      Percent of short-term external debt 4/

    491

    578

    509

    404

    435

    477

    505

    517

    606

    641

    635

      Percent of foreign currency deposits at    banks

    222

    229

    209

    204

    213

    220

    219

    217

    213

    210

    208

    (In percent of GDP; unless otherwise indicated)

    Public Sector

                         

    NFPS revenue

    21.8

    25.5

    27

    23.9

    22.7

    23.6

    23.1

    23.1

    23.2

    23.3

    23.4

    NFPS primary expenditure

    29.1

    26.5

    27.1

    25.1

    24.5

    24.4

    23.9

    23.5

    23.3

    23.2

    23.2

    NFPS primary balance

    -7.3

    -1

    -0.1

    -1.2

    -1.8

    -0.7

    -0.8

    -0.4

    -0.1

    0.1

    0.2

    NFPS overall balance

    -8.9

    -2.5

    -1.7

    -2.8

    -3.5

    -2.6

    -2.5

    -2.2

    -2

    -1.8

    -1.7

    NFPS structural balance 5/

    -7

    -3.9

    -2.2

    -2.6

    -3.7

    -2.9

    -2.9

    -2.5

    -2.2

    -1.9

    -1.8

    NFPS structural primary balance 5/

    -5.4

    -2.4

    -0.6

    -0.9

    -1.9

    -1.1

    -1.1

    -0.6

    -0.3

    0

    0.1

    Debt

                       

    Total external debt 6/

    43.7

    46.3

    42.7

    40.3

    38.5

    35.7

    33.8

    31.6

    30.1

    28.8

    27.4

    Gross non-financial public sector debt 7/

    34.9

    36.1

    34

    33

    32.8

    33.7

    34.7

    35.5

    35.9

    35.9

    36

    External

    14.8

    19.4

    17.6

    15.8

    15.5

    15.1

    14.8

    13.7

    13

    12.3

    11.3

    Domestic

    20

    16.7

    16.4

    17.1

    17.3

    18.5

    19.9

    21.8

    23

    23.6

    24.6

    Savings and Investment

                       

    Gross domestic investment

    18.3

    20.8

    21

    17.7

    18.1

    17.9

    18.1

    18.7

    19.1

    19.5

    19.8

    Public sector (incl. repayment certificates)

    4.3

    4.7

    5

    5

    5.3

    5.2

    4.9

    4.9

    4.9

    4.9

    4.9

    Private sector

    16.7

    20.4

    20.2

    17.9

    17.2

    17.1

    16.9

    16.7

    16.6

    16.5

    16.4

    National savings

    19.2

    18.8

    16.9

    18.4

    20.3

    19.6

    19.4

    19.1

    19

    18.7

    18.3

    Public sector

    -3.9

    2.8

    4.3

    3

    2.4

    3.6

    3.2

    3.5

    3.7

    3.9

    4

    Private sector

    23.2

    15.9

    12.6

    15.4

    17.9

    16

    16.2

    15.6

    15.3

    14.8

    14.3

    Memorandum Items

                       

    Nominal GDP (S/. billion)

    722

    878

    937

    1,001

    1,085

    1,136

    1,188

    1,242

    1,299

    1,360

    1,423

    GDP per capita (in US$)

    6,328

    6,849

    7,319

    7,930

    8,485

    8,814

    9,182

    9,505

    9,825

    10,168

    10,529

    Sources: National authorities; UNDP Human Development Indicators; and IMF staff estimates/projections.  

    1/ Defined as the percentage of households with total spending below the cost of a basic consumption basket. 

    2/ Corresponds to depository corporations. 

    3/ Foreign currency stocks are valued at end-of-period exchange rates. 

    4/ Short-term debt is defined on a residual maturity basis and includes amortization of medium and long-term debt. 

    5/ Adjusted by the economic cycle and commodity prices, and for non-structural commodity revenue. The latter uses as equilibrium commodity prices, a moving average estimate that takes 5 years of historical prices and 3 years of forward prices according to the IMF’s World Economic Outlook.  

    6/ Includes local currency debt held by non-residents and excludes global bonds held by residents. 

    7/ Includes repayment certificates and government guaranteed debt. 

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis of discussion by the Executive Board.

    [2] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Jose De Haro

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/09/pr-25186-peru-imf-concludes-2025-art-iv-consultation

    MIL OSI

    MIL OSI Russia News –

    June 11, 2025
  • MIL-OSI USA: Governor Polis to Lead Colorado Delegation to the 2025 Biennial of the Americas Summit in Vancouver & Lead National Governors Association Education Convening

    Source: US State of Colorado

    Delegation will Represent Colorado at the Americas Summit Agriculture, Workforce, and Clean Tech Innovation, Convene Governors and Education Leaders

    DENVER – To encourage and spur more international cooperation, boost our state’s thriving economy, and discuss best practices in agriculture, workforce, and clean tech innovation, Governor Polis and the Colorado Office of Economic Development and International Trade (OEDIT) are attending the Americas Summit in Vancouver, Canada. As Chair of the National Governors Association (NGA), Governor Polis will also convene governors and education leaders for the latest in a series of bipartisan events in support of the NGA Chair’s Initiative, Let’s Get Ready: Educating All Americans for Success. 

    “Colorado is a global economic leader, and our strong international relationships with partners like Canada create good-paying jobs for Coloradans, strengthen international markets for made and grown in Colorado products, and boost investment in our state. While Washington pushes our allies away, Colorado will continue to bolster international trade and cooperation that benefits Coloradans, businesses, and our whole economy. The Biennial of the Americas Summit plays an invaluable role in building and strengthening Colorado’s ties with countries throughout the Western Hemisphere, and this Summit is an opportunity for us to show our allies that Colorado is stepping up as a steady partner,” said Colorado Governor Jared Polis. 

    The Americas Summit brings together influential leaders from across the Americas to explore critical topics such as sustainability, technological advancement, economic growth and cultural exchange. 

    “Canada is a top partner for Colorado in both trade and tourism, accounting for 16% of our state’s exports and bringing more than 176,000 visitors. Now more than ever, we must strengthen this important international relationship to help both of our regions thrive and support the Colorado businesses that depend on these international connections,” said OEDIT’s Executive Director, Eve Lieberman. 

    In addition to attending the Americas Summit, Gov. Polis and OEDIT’s Global Business Development division are hosting additional events to showcase Colorado’s leadership in the advanced industries, the state’s commitment to strong international partnerships, and highlight Colorado’s business strengths: 

    • A roundtable hosted in partnership with the Colorado-headquartered National Science Foundation (NSF) ASCEND Engine to convene stakeholders in the clean energy/climate tech sector and adjacent technology areas that support decarbonization efforts and community resiliency.
    • A convening of Canadian business leaders and Colorado stakeholders to highlight the state’s business advantages, including a nation-leading workforce, central location for global market access and a stable and collaborative ecosystem.
    • A roundtable with leaders of British Columbia to explore the impacts of recent trade policy changes between the U.S. and Canada, and explore opportunities for cross-border collaboration at the state and provincial levels. 

    “International missions ensure that Colorado remains at the forefront with our global partners. The relationships made and strengthened at the Americas Summit enhance our state’s reputation as a global leader in innovation and the advanced industries while identifying new opportunities for cross-border collaboration at the state and provincial levels,” said Michelle Hadwiger, Director of Global Business Development for OEDIT. 

    OEDIT staff includes representation from the Colorado Tourism Office, the Colorado Creative Industries Office, and the Outdoor Recreation Industry Office. Leadership from the Colorado Department of Agriculture and the Department of Labor and Employment will also be in attendance at the summit. 

    While in Vancouver, Governor Polis will also lead a convening of the National Governors Association to discuss how states can ensure students are prepared with the skills needed to succeed and highlight his chairman’s initiative, “Let’s Get Ready! Educating All Americans For Success”. 

    “Funding education that gives students the skills and knowledge needed to succeed in the classroom and grow in the workforce is the largest and most important investment Colorado makes each year. This convening provides the opportunity for state and education leaders to share innovative solutions to strengthen student success and achievement,” said Colorado Governor Jared Polis. 

    The NGA convening includes a visit to Language Nest, for kids ages 0 to three, and Capilano Little Ones Elementary School, where students learn primarily in Squamish, immersing young students in the language and culture at a young age. During the convening, Governor Polis will also moderate panels with Dr. Oon Seng Tan, the Director of the Singapore Center for Character and Citizenship Education, Dr. Timothy Knowels, the President of the Carnegie Foundation for the Advancement of Teaching, and Dr. Vicki Phillips the CEO of the National Center on Education and the Economy. 

    About OEDIT’s Global Business Development Division 

    Global Business Development (GBD) is a division of the Colorado Office of Economic Development and International Trade. GBD supports Colorado businesses and communities by using a data-driven approach to recruit, support, and retain businesses that contribute to a robust and diversified economy. We align our portfolio of programs, services, and incentives with industries that benefit Colorado companies and elevate the state’s national and international competitiveness. GBD also hosts foreign delegations and participates in trade and investment missions around the world to strengthen global awareness of Colorado. With a highly educated and motivated workforce, a thriving innovation economy, and nation-leading entrepreneurial spirit, Colorado is a top market for business development. 

    About Colorado Office of Economic Development and International Trade 

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT. 

    ###

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI Security: U.S. Attorneys for Southwestern Border Districts Charge More than 1150 Illegal Aliens with Immigration-Related Crimes During the Second Week in June as part of Operation Take Back America

    Source: United States Attorneys General

    Since the inauguration of President Trump, the Department of Justice is playing a critical role in Operation Take back America, a nationwide initiative to repel the invasion of illegal immigration, achieve total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhoods (PSN).

    Last week, the U.S. Attorneys for Arizona, Southern California, New Mexico, Southern Texas, and Western Texas charged more than 1150 defendants with Criminal violations of U.S. immigration laws.

    The Southern District of Texas filed a total of 202 cases in immigration and border security-related matters. The filed cases include seven involving human smuggling. A total of 129 people are charged with illegally entering the country, while another 63 face charges of felony reentry after prior removal. Most of those individuals have prior felonies such as narcotics, violent crime, immigration crimes and more. Other relevant cases charged this week relate to other immigration crimes. One such person charged this week is Luis Humberto Gonzalez-Sanchez who was arrested for allegedly harboring 16 illegal aliens in his home in Mercedes. The criminal complaint alleges he harbored over 100 aliens in the last six months for whom he was paid $150 each. If convicted, he faces up to 10 years in prison.

    The Western District of Texas filed 410 new immigration and immigration-related criminal cases. Among the new cases, Mexican national Albert Sanchez-Jaimes was charged with one count of illegal re-entry in Austin. Sanchez-Jaimes was encountered at the Burnet County Jail, where he was booked for alleged charges of boating while intoxicated and marijuana possession. Sanchez-Jaimes has lengthy immigration and criminal records that include four prior removals, a deadly conduct conviction in 2020, multiple convictions for assault on a family member, and two prior convictions for illegal re-entry. In Waco, the Immigration and Customs Enforcement Fugitive Operations Team arrested Mexican national Daniel Edgar Perez-Cortez on June 5 as the result of an investigation stemming from a Waco Crime Stoppers referral. Perez-Cortez has a prior conviction for illegal re-entry in 2024, as well as convictions for Driving While Intoxicated and possession of prohibited weapons, and a conviction for deadly conduct discharging a firearm. He’s now federally charged with illegal re-entry and, if convicted, faces up to 20 years in prison.

    The District of Arizona brought immigration-related criminal charges against 199 individuals. Specifically, the United States filed 74 cases in which aliens illegally re-entered the United States, and the United States also charged 104 aliens for illegally entering the United States. In its ongoing effort to deter unlawful immigration, the United States filed 18 cases against 20 individuals responsible for smuggling illegal aliens into and within the District of Arizona. Protecting law enforcement officers is a key part of border vigilance, and federal prosecutors also charged one individual for assaulting a Border Patrol Agent.

    The Southern District of California filed 131 border-related cases this week, including charges of assault on a federal officer, bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances. A sample of border-related arrests this week: On May 31, 2025, Brenda Esmeralda Sanchez and Marlen Yamille Salmoran, United States citizens, were arrested and charged with False Personation of Immigration Matters and Aggravated Identity Theft. According to a complaint, Sanchez and her adult daughter, Salmoran, attempted to cross the border at the San Ysidro Port of Entry with an unaccompanied undocumented child from Mexico by presenting Customs and Border Protection officers with a genuine U.S. birth certificate belonging to Sanchez’s son. Sanchez has two prior arrests for alien smuggling. On May 31, Ricardo Cuevas Diaz and Luis Armando Bojorquez Cazarez, Mexican citizens with border-crossing cards, were arrested and charged with Importation of a Controlled Substance. According to a complaint, when the two men attempted to cross the border at the Otay Mesa Port of Entry, Customs and Border Protection Officers found 128 packages containing 133 pounds of methamphetamine concealed in the air filter, firewall, roof, quarter panels and rear bed of the vehicle.

    The District of New Mexico filed 211 criminal charges related to immigration and border security-related matters. the following criminal charges: 67 individuals were charged this week with Illegal Reentry After Deportation (8 U.S.C. 1326), 5 individuals were charged this week with Alien Smuggling (8 U.S.C. 1324). 50 individuals were charged this week with Illegal Entry (8 U.S.C. 1325), and 88 individuals were charged this week with Illegal Entry (8 U.S.C. 1325), violation of a military security regulation (50 U.S.C. 797) and Entering Military, Naval, or Coast Guard Property (18 U.S.C. 1382), arising from the newly established National Defense Area in New Mexico.

    We are grateful for the hard work of our border prosecutors in bringing these cases and helping to make our border safe again.

    MIL Security OSI –

    June 11, 2025
  • MIL-OSI: Bitcoin Bull Market is Back — BexBack Offers Double Deposit Bonus, 100x Leverage, and No KYC for Crypto Futures Trading

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — As Bitcoin surges past the $100,000 mark, analysts and investors are forecasting a new bull market filled with high volatility. In this market environment, savvy traders are turning to high-leverage futures trading to maximize profits with smaller capital. Recognizing this shift, BexBack has stepped up its efforts to help traders capitalize on the bull market with powerful promotional offers. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency futures trading, offering unparalleled opportunities for both new and seasoned investors.

    What is 100x Leverage and How Can You Maximize Profit?

    100x leverage allows you to control a larger position with a smaller amount of capital. For example, if you have 1 BTC and use 100x leverage, you can control 100 BTC. A small price movement in Bitcoin can lead to significant profits, which is why many experienced traders are turning to high-leverage futures trading on BexBack to amplify their returns in this volatile market.

    100% Deposit Bonus: How to Claim and Use It

    BexBack is offering a 100% deposit bonus for all users who make a deposit into their trading accounts. This bonus can be used to increase your trading capital. For instance, if you deposit 1 BTC, you will receive an additional 1 BTC as a bonus, effectively doubling your trading funds. However,please note that this bonus can only be used as a margin and cannot be withdrawn directly. If you make a profit by trading with the bonus, these profits can be withdrawn in full.

    Why Choose BexBack for Crypto Futures Trading?

    • 100x Leverage: Maximize your trading potential with high leverage on BTC, ETH, ADA, XRP, and 50+ other crypto futures contracts.
    • No KYC Required: Enjoy the freedom of trading without the hassle of identity verification, preserving your privacy.
    • Generous Deposit Bonus: Receive a 100% deposit bonus to amplify your trading capital and increase potential profits.
    • No deposits Fees: Enjoy fee-free deposits, allowing you to maximize your profits without extra costs.
    • Global Access: BexBack supports users from multiple countries, including the United States, Canada, and Europe, providing 24/7 customer support.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform headquartered in Singapore with operational offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and over 50 other cryptocurrency futures contracts. The platform is licensed under the US MSB (Money Services Business) regulations and has built a trusted reputation with more than 500,000 traders worldwide. With zero deposit fees and comprehensive customer support, BexBack is a reliable choice for crypto traders looking for a seamless and secure trading experience.

    Join BexBack and Experience Rapid Wealth Accumulation

    Don’t miss out on this incredible opportunity! The crypto bull market is heating up, and with 100x leverage, a 100% deposit bonus, and no KYC, BexBack gives you the tools you need to succeed. Take advantage of the promotions and start trading on BexBack today to maximize your potential profits in this volatile market.

    Sign up now on BexBack and claim your exclusive bonus. Experience the fast accumulation of wealth with BexBack!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com 

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/02cd6ab1-852a-411f-9b73-6d2bf3af440a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/91fde895-de9e-4bbf-a287-941e7e6e81de

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c154ab6e-22c3-4f3c-905b-0cefad2b1be1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7a9722af-274e-4909-9e49-98dd3f7bec67

    https://www.globenewswire.com/NewsRoom/AttachmentNg/97f324a6-d76a-45ad-85d8-d9d0f9723270

    The MIL Network –

    June 11, 2025
  • MIL-OSI: Onfolio Holdings Inc. Launches Referral Partner Program to Accelerate Adoption of AI Visibility Services

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., June 10, 2025 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTCQB: ONFOP) (“Onfolio” or the “Company”) today announced the official launch of its Referral Partner Program to support the rapid growth of its Generative Engine Optimization (GEO) business. The program offers recurring income and long-term upside to professionals who refer clients to Pace Generative LLC, Onfolio’s GEO subsidiary, which helps businesses gain visibility in AI-generated answers from tools like ChatGPT, Gemini, Claude, Grok, and Perplexity. For Onfolio, the program should help to capture the demand and scale revenues significantly faster.

    Generative Engine Optimization (GEO) is a fast-emerging discipline that positions businesses inside AI-generated responses, rather than simply helping them rank in traditional search engines. When prospective clients ask tools like ChatGPT, “Who’s the best cosmetic surgeon in Miami?” or “Which estate planning firm in NYC is most reputable?”, GEO helps to determine whether a business is mentioned in that real-time answer.

    “With the way people now search for trusted services, the brands that show up in AI answers will win the next decade,” said Dominic Wells, CEO of Onfolio. “Our mission is to ensure that great companies don’t get left behind – and our referral partners will be essential to helping us scale that impact.”

    “AI is now the first stop for answers,” Wells continued. “If a company isn’t cited, it’s not just ranked lower, it’s invisible. GEO addresses that. And our referral program allows trusted professionals to help their clients while building a new revenue stream for themselves.”

    For more information about Pace Generative LLC, visit www.pacegenerative.com. For more information about our referral program, visit www.pacegenerative.com/partner or contact Michael Carwile at partners@pacegenerative.com

    About Onfolio Holdings Inc.

    Onfolio acquires, operates, and scales a diversified portfolio of digital companies. The Company focuses on businesses with strong cash flows, long-term growth potential, and experienced leadership—or those that can be effectively managed by Onfolio’s in-house team. By targeting under-optimized businesses with untapped potential, Onfolio adds value through operational expertise, strategic guidance, and advanced technologies. For more information, visit www.onfolio.com.

    Safe Harbor Statement

    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth and earnings, and strategy for growth and financial results. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1.A “Risk Factors” in our most recent Form 10-K and Form 10-Q, other risks to which our Company is subject, and various other factors beyond the Company’s control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Company Contact:
    Investor Communications
    Onfolio Holdings Inc.
    Investors@Onfolio.com

    The MIL Network –

    June 11, 2025
  • MIL-OSI: American National Insurance Company Introduces Smart Start Accumulator Series

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 10, 2025 (GLOBE NEWSWIRE) — American National Insurance Company announces the launch of its innovative Smart Start Accumulator Series, a series of single premium fixed indexed annuities designed to provide clients with the opportunity for significant growth by maximizing accumulation potential from day one.

    The series, which includes Smart Start Accumulator and Smart Start Accumulator Plus, leverages Nobel Prize-winning research to offer easy-to-understand portfolio allocation options based on their individual risk tolerance and retirement goals1. A conservative, moderate, and aggressive portfolio option is available along with a custom allocation option. This helps policyholders confidently navigate their financial future with a strategy that meets their individual needs.

    One of the key features of the Smart Start Accumulator Series is the Best Entry Window, which sets all the selected index starting values at their lowest point in the initial 90-day period, which can help clients maximize their first-year growth potential. Additionally, the Smart Start Accumulator Plus offers premium enhancement options that can provide an immediate boost to the annuity’s value. Clients choose the enhancement level that best suits their savings goals and financial strategy.

    “We are proud to bring practical financial solutions that help our clients build a secure future with confidence,” said Chad Ferrell, Senior Vice President and Chief of Annuity Distribution at American National. “By integrating strategic indexing options and enhancement features, this series empowers individuals to make smart investment choices that align with their long-term financial goals while minimizing exposure to unnecessary risks.”

    The series also includes various strategies for interest crediting based on market index performance, including the S&P 500® Value Cap2, S&P 500® Dynamic Intraday TCA Index2, S&P MARC 5% Excess Return Index2, Invesco QQQ Portfolio Plus Index3, and Morningstar® Global Wide Moat VC 7 Index4.

    For more information, please visit AmericanNational.com.

    ABOUT AMERICAN NATIONAL

    Founded in 1905 and based in Galveston, Texas, American National Insurance Company (American National) is dedicated to being a source of certainty for millions of Americans through a comprehensive range of wealth protection, retirement, and insurance products and services. American National combines our expertise and resources to cater to the diverse needs of our clients, guiding them towards financial security and peace of mind. For more information, visit our website at AmericanNational.com.

    Annuities, life insurance and other products and services are written through multiple companies. Property and casualty insurance is written through American National Property And Casualty Company, Springfield, Missouri, and affiliates. In New York, business is written through Farm Family Casualty Insurance Company, United Farm Family Insurance Company, and American National Life Insurance Company of New York, Glenmont, New York. Not all products and services are available in all states. Not all companies are licensed in all states. Each company has financial responsibility only for the products and services it issues.

    ______________________________

    1 Markowitz, H.M. (1959). Portfolio Selection: Efficient Diversification of Investments. New York: John Wiley & Sons. (reprinted by Yale University Press, 1970, ISBN 978-0-300-01372-6; 2nd ed. Basil Blackwell, 1991, ISBN 978-1-55786-108-5). “Nobel Prize”. Encyclopedia Britannica. 2007. Archived from the original on 29 April 2015.

    2 The S&P MARC 5% Index, S&P 500®Index, and S&P 500®  Dynamic Intraday TCA Index are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by American National Insurance Company. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by American National Insurance Company. American National Insurance Company’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P MARC 5% Index, S&P 500®Index, and S&P 500®  Dynamic Intraday TCA Index.

    3 Invesco Indexing LLC (“Licensor”) has licensed the Index to American National Insurance Company to be used as a component of certain fixed index annuity products (the “Products”). The Index may be calculated by a third party or contain third-party data, each third-party provider and Licensor are collectively “Licensor Parties”. The Products are not sponsored, operated, endorsed, sold, or promoted by Licensor Parties. The Index, the proprietary data therein, and related trademarks, are intellectual property licensed from Licensor, and may not be copied, used, or distributed without Licensor’s prior written approval. The Products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by Licensor Parties. Licensor Parties make no express or implied warranties, and hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall Licensor Parties have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

    4 The Morningstar Indexes are the exclusive property of Morningstar, Inc. Morningstar, Inc., its affiliates and subsidiaries, its direct and indirect information providers and any other third party involved in, or related to, compiling, computing or creating any Morningstar Index (collectively, “Morningstar Parties”) do not guarantee the accuracy, completeness and/or timeliness of the Morningstar Indexes or any data included therein and shall have no liability for any errors, omissions, or interruptions therein. None of the Morningstar Parties make any representation or warranty, express or implied, as to the results to be obtained from the use of the Morningstar Indexes or any data included therein.

    Form Series: FIA25; ICC25 (Forms may vary by state). When a person buys this annuity, the person is not buying an ownership interest in any stock or index. Not FDIC/NCUA insured / Not a deposit / Not insured by any federal government agency / No bank/CU guarantee / May lose value.

    Contact: Scott Campbell
    SVP, Corporate Communications
    Scott.Campbell@AmericanNational.com

    The MIL Network –

    June 11, 2025
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