Category: Trade

  • MIL-OSI United Kingdom: Scottish Crime and Justice Survey 2023/24

    Source: Scottish Government

    An Accredited Official Statistics Publication for Scotland.

    Scotland’s Chief Statistician today released the main findings of the 2023/24 Scottish Crime and Justice Survey (SCJS).

    The Scottish Crime and Justice Survey shows that most adults in Scotland (80.1%) were not victims of any SCJS crime in 2023/24, including fraud and computer misuse for the first time.

    One-in-five (19.9%) were estimated to have experienced at least one crime, this included property crime (10.3% of adults), violent crime (2.9%) and fraud and computer misuse (9.5%).

    The latest findings shows that the overall level of property and violent crime combined and the likelihood of being a victim of these crimes has increased since 2021/22. However, no change is detected with the pre-pandemic year of 2019/20, and both measures are down since 2008/09.

    The latest findings also show that people feel safer in their local communities though there has been a fall in confidence in the police across a range of measures.

    The extent and prevalence of crime in Scotland in 2023/24

    The proportion of adults who experienced at least one property or violent crime increased from 10.0% in 2021/22 to 12.1% in 2023/24. The latest figure remains lower than 2008/09 (20.4%) and is not statistically different from the pre-Covid position in 2019/20 (11.9%).

    There were an estimated 1,185,000 crimes in 2023/24, of which 524,000 (44%) were fraud and computer misuse crimes, 429,000 (36%) were property crime and 231,000 (20%) were violent crimes.

    The estimated volume of violent and property crimes individually have both fallen over the longer term, down 27% and 41% respectively since 2008/09. Estimated violent crime increased by 73% since 2021/22 but remains at a similar level to the pre-pandemic position in 2019/20, while property crime has remained at a similar level to both 2019/20 and 2021/22.

    Consistent with previous years, the majority of violent incidents were cases of minor assault resulting in no or negligible injury (61%), with instances of serious assault (8%) and robbery (5%) remaining relatively uncommon.

    Victims of two or more incidents (5.8% of adults) accounted for over half (55%) of all crime in 2023/24.

    This report includes the first findings on the nature of and extent of fraud and computer misuse experienced in Scotland. These results show that, in 2023/24, around one-in-ten adults (9.5%) were the victim of a fraud or computer misuse crime, with around half of these crimes being bank and credit card fraud (47%). The survey also shows that most people who lost money through fraud were ultimately reimbursed.

    Crime continues to be experienced disproportionately among some groups in the population. The likelihood of experiencing any SCJS crime, including fraud and computer misuse, in 2023/24 was higher among those aged 16 to 24, for adults who are disabled and those living in urban areas of Scotland. Many population groups have seen the likelihood of experiencing any property or violent crime decrease since 2008/09.

    In 2023/24, the latest comparable survey period, overall crime victimisation rates in Scotland (including fraud and computer misuse) were higher to those in England and Wales (19.9% and 16.1%). When looking at property and violent crimes alone, the rate in Scotland was also higher than in England and Wales (12.1% compared to 10.1%). This is a change to the position in 2021/22, when both areas had a similar victimisation rate and 2019/20, when Scotland had a lower rate (11.9% compared to 13.3%).

    Public perceptions of the police, the justice system and crime in Scotland

    Fewer than half of adults (45%) said the police in their local area do an excellent or good job. This is a decrease from 61% in 2012/13 and from 49% in 2021/22. Males and those living in urban areas were less likely to feel positively about the police than comparator groups.

    The survey also looks at attitudes towards more specific elements of policing (including policing effectiveness, community engagement and fairness). Most adults expressed confidence in the local police force’s capability across various aspects of police ‘effectiveness,’ including their ability to deal with incidents as they occur and solve crimes. An exception was in preventing crime where 42% of adults were confident in the police. These measures of confidence in police effectiveness have decreased from a high in 2014/15, with some returning to 2008/09 levels.

    Over two thirds (71%) of respondents thought that the local crime rate had stayed the same or reduced in the two years prior to interview, down from 76% in 2021/22 and at a similar level to 2008/09. In 2023/24, the majority of adults in Scotland said they felt very or fairly safe walking alone in their local area after dark (75%) and when in their home alone at night (95%).

    Generally the public were fairly confident about the operation of the justice system in Scotland. For example, around three-quarters of adults (73%) were confident that the justice system allows all those accused of crimes to get a fair trial regardless of who they are. However, adults were less confident on other related measures, for example, 35% were confident that it deals with cases promptly and efficiently, with 52% saying they were not confident.

     Background

    The figures released today were produced in accordance with professional standards set out in the Code of Practice for Official Statistics.

    The full statistical publication is available on the Scottish Government website.

    This report covers 4,970 face to face interviews were conducted between July 2023 and April 2024. Participants were adults (aged 16 and over) living in private households in Scotland. There was a 46.0% response rate which is comparable to that of 2021/22 (47.3%) which itself saw a large fall following the COVID-19 pandemic

    The Scottish Crime and Justice Survey is one of the Scottish Government’s flagship national surveys. The survey allows the people of Scotland to independently report their experiences and perceptions of crime, and thus influence the continued development and improvement of the Scottish justice system. The SCJS also provides a range of additional information, including details on the characteristics of victims and offenders of crime. It also captures adults’ perceptions of policing and the justice system.

    The publication presents statistics on the extent of crime in Scotland, importantly including crime that is not reported to the police. However, it is limited to crimes against adults resident in households, and also does not cover all crime types. Experiences of sexual offences are not included in the main estimates and are instead collected in the self-completion section. Police recorded crime is a measure of those crimes reported to the police and recorded by them as a crime or offence.

    More information about the survey, including the online data tables for 2023/24 results are available on the Scottish Government website.

    Further breakdowns for some smaller population groups are also being published on perception of crime in the local area from the Scottish Survey Core Questions, which combines data from the three large Scottish Government household surveys. These breakdowns are available on the Scottish Survey Core Questions webpage.

    As with all surveys, SCJS results are estimates, not precise figures. Results are only described as ‘increases’ or ‘decreases’ where statistical tests identify statistically significant differences. Where they do not detect significant change, results are reported as showing ‘no change’ – even if the estimate from one year appears greater or smaller than the comparator year. Importantly, this does not mean there has definitely been no change, but that the sample is not large enough to confidently detect any change that has or has not occurred. These issues are common to all population surveys, particularly on issues that affect only a minority of people. Often, where changes and trends emerge, they can be more easily detected over longer time periods, as cumulative changes build year-on-year.

    Official statistics are produced by professionally independent statistical staff. Further information on Crime and Justice statistics within Scotland or the standards of official statistics in Scotland can be found on the Scottish Government website.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Football betting firm boss banned after company went into administration owing investors more than £10 million

    Source: United Kingdom – Executive Government & Departments

    Press release

    Football betting firm boss banned after company went into administration owing investors more than £10 million

    The company was making substantial losses when it accepted additional investment from bondholders it was never going to be able to repay

    • Former sports presenter Alan Bentley has received an 11-year directorship ban after his football betting firm collapsed owing investors over £10 million, having continued to collect £1.5 million in investments despite no evidence of trading activity 

    • His company, Bentley Global (UK) Limited, promised investors returns of up to 20% by using a football betting algorithm, but financial records showed trading losses of millions of pounds with no recorded turnover 

    • Insolvency Service investigations found that the company had “no reasonable prospect” of repaying investors despite continuing to accept their money 

    The founder of a football betting investment firm has been banned as a director after his company went into administration owing investors more than £10 million. 

    Former television presenter Alan Bentley allowed his Bentley Global (UK) Limited company to obtain more than £1.5 million from investors during late 2019 and the first half of 2020, promising returns of up to 20%. 

    Investors’ funds were to be used to place bets on the outcomes of football matches using an artificial intelligence algorithm called Algol88.  

    However, no evidence was produced that Bentley Global (UK) Limited was actually betting on football matches in that period. 

    Bentley Global (UK) Limited also had no known source of trading income in that time, having suffered losses of more than £5 million by August 2019 and over £4 million by August 2018. 

    The 63-year-old, of Ongar Road, Kelvedon Hatch, Essex, has been banned as a company director for 11 years. 

    Bentley’s brother, Brian Bentley, was also disqualified as a company director in 2024 for misconduct while he was a director at Bentley Global (UK) Limited. 

    Brian Bentley, 62, of Anchorage Lane, Doncaster, was banned as a director for six years, with his disqualification running until April 2030. 

    Kevin Read, Chief Investigator at the Insolvency Service, said: 

    Alan Bentley’s company secured more than £1.5 million from hundreds of investors under a bond investment scheme during a nine-month period in 2019 and 2020 when there was no evidence of any trading. 

    Bentley knew the company had made huge losses and was unable to pay its debts. His company had no reasonable prospect of being able to repay the investments and interest payments under the bond scheme because of its dire financial position. 

    Directors have a responsibility to be honest and transparent with investors, especially when handling their money. This case sends a clear message that those who abuse their position and mislead investors will not be able to continue to act as company directors.

    Bentley Global (UK) Limited began receiving funds from investors in 2018 under a bond investment scheme. 

    The scheme offered annual interest payments between 12% to 20% and repayment of the investment funds at the end of three years. 

    Bentley Global (UK) Limited’s accounts for the periods ending 31 August 2018 and 31 August 2019 recorded no turnover for the company. 

    Trading losses of £4.137 million and £5.321 million were recorded for the same periods. 

    Despite this, Bentley Global (UK) Limited continued to acquire money from investors. 

    A total of £1.597 million was secured from investors across the world between 4 September 2019 and 16 June 2020. 

    Bentley has not disputed that there is no evidence of the company carrying out its stated trading activity of betting on football matches in that period. The company also had no known source of trading income during that time. 

    Bentley Global (UK) Limited owed £10.065 million to investors when it went into administration in May 2022. 

    The Official Receiver has since been appointed as liquidator and is overseeing the winding-up of the company and identification of any potential assets. 

    The Secretary of State for Business and Trade accepted a disqualification undertaking from Alan Bentley, and his ban started on Wednesday 4 June. 

    It prevents him from being involved in the promotion, formation or management of a company, without the permission of the court. 

    Further information 

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Driving innovation – 38,000 jobs on the horizon as pilots of self-driving vehicles fast-tracked

    Source: United Kingdom – Executive Government & Departments 2

    Press release

    Driving innovation – 38,000 jobs on the horizon as pilots of self-driving vehicles fast-tracked

    From 2026, self-driving cars without a safety driver could be available for people to book via an app for the first time.

    • pilots of self-driving taxi- and bus-like services will be brought forward by a year to spring 2026, attracting investment and making the UK one of the world leaders in this technology
    • cutting-edge innovation, regulation and road safety will be the key priorities of the pilots – with the UK’s new automated vehicle legislation one of the most robust in the world
    • industry could create 38,000 jobs and add £42 billion to the UK economy by 2035, helping deliver the Plan for Change by putting money in people’s pockets

    Nearly 40,000 jobs could be created, roads could be safer, and billions could be added to the economy as self-driving vehicle pilots are set to start in England from spring 2026.

    Today (10 June 2025), Transport Secretary Heidi Alexander has confirmed that the government will fast-track pilots to spring 2026, introducing self-driving commercial pilots on England’s roads.

    Firms will be able to pilot small scale ‘taxi- and bus-like’ services without a safety driver for the first time – which could be available to members of the public to book via an app – before a potential wider rollout when the full Automated Vehicles Act becomes law from the second half of 2027.

    Innovation, world-leading regulation and road safety will be at the forefront of the pilots, with self-driving vehicles aiming to reduce human error – which contributes to 88% of all road collisions.

    Bringing forward the pilots of self-driving vehicles will help the government deliver the Plan for Change, by creating 38,000 jobs to put money in the pockets of hardworking people, driving investment to back British engineering excellence and creating an industry worth £42 billion by 2035.

    Transport Secretary Heidi Alexander said:

    The future of transport is arriving. Self-driving cars could bring jobs, investment, and the opportunity for the UK to be among the world-leaders in new technology.

    With road safety at the heart of our pilots and legislation, we continue to take bold steps to create jobs, back British industry, and drive innovation to deliver our Plan for Change.

    The Automated Vehicles Act will require self-driving vehicles to achieve a level of safety at least as high as competent and careful human drivers, and they will undergo rigorous safety tests before being allowed on our roads.

    By having faster reaction times than humans, and by being trained on large numbers of driving scenarios, including learning from real-world incidents, self-driving vehicles can help reduce deaths and injuries. Unlike human drivers, AVs can never get distracted or tired and they won’t drink-drive or speed.

    Self-driving vehicles can also improve transport for millions of people – providing greater choice and flexibility to get around more easily. They could add new public transport options in rural areas to boost connectivity for local communities, and improve mobility, accessibility and independence for those unable to drive.

    Technology Secretary Peter Kyle said:

    We can’t afford to take a back seat on AI, unless it’s on a self-driving bus. It’s great to see the UK storming ahead as a global leader in using this technology – making our roads safer, travel easier and driving growth by spurring innovation across the country.

    That’s why we’re bringing timelines forward today, placing the UK firmly in the fast lane and creating opportunity along the way so people across the country benefit.

    Self-driving trials have already been taking place in the UK since January 2015, with British companies Wayve and Oxa spearheading significant breakthroughs in the technology. From spring 2026, self-driving cars without a safety driver could be available for people to book via an app for the first time.

    The UK is already host to a thriving self-driving sector. Wayve secured a record-breaking investment of over $1 billion and announced recent partnerships with Nissan and Uber, while Oxa has already supported ‘bus-like’ services in the US and started rolling out self-driving vehicles at Heathrow Airport to improve baggage handling.

    Alex Kendall, co-founder and CEO, Wayve says:

    The UK has been Wayve’s home since 2017 – building this technology here has been an incredible journey, from testing our first prototype in Cambridge to deploying the world’s first end-to-end AI driver on public roads, starting in London and expanding nationwide. 

    Accelerating commercial self-driving pilots to 2026 positions the UK as a leading destination for the deployment of L4 self-driving technology. These early pilots will help build public trust and unlock new jobs, services, and markets. For Wayve, this means we can prioritise the UK for early deployment and help deliver safer, cleaner mobility to the UK. We’re excited to bring the benefits of L4 autonomous mobility to cities around the UK.

    Mike Hawes, SMMT Chief Executive, said:

    Britain’s self-driving vehicle revolution moves one step closer, with today’s announcements putting the country on track to reap the road safety and socio-economic benefits this technology can deliver.

    Pilot rollout of commercial self-driving services from next year will widen public access to mobility, while the consultation will ensure the technology is deployed in a safe and responsible way. These latest measures will help Britain remain a world leader in the development and introduction of self-driving vehicles, a manifest application of AI at its finest.

    Launched during London Tech Week, the commitments are a cornerstone of the department’s new Transport AI action plan – a groundbreaking vision which sets out how the government is using AI to drive economic growth, reduce traffic congestion, and improve transport for everyone in the UK.

    Gavin Jackson, Oxa’s CEO, said:

    Oxa welcomes the Department for Transport’s (DfT) decision to enable driverless services on British roads by 2026.

    Since 2024, Oxa has advocated for an expedited regulatory regime. Clear rules will open up the market and encourage transport companies to introduce the benefits of autonomous vehicles across the country. Today’s announcement shows that Britain is ready for this technology.

    Sarfraz Maredia, Head of Autonomous Mobility and Delivery at Uber, said:

    We welcome the UK government’s continued leadership on AV regulation and today’s announcement marks a significant step toward bringing autonomous services to the UK.

    Uber already enables tens of thousands of driverless trips each month worldwide through partnerships with leading AV developers. Having recently appointed a dedicated leader for our UK autonomous efforts, we look forward to working with regulators and partners to deploy this technology safely in Britain.

    Michelle Peacock, Head of Global Public Policy at Waymo said:

    The United Kingdom has long been home to our first European engineering team dedicated to the development of our AI-powered Waymo Driver. We’re delighted to see the government lay the groundwork for new investment possibilities in the years ahead.

    Today, our fully autonomous driving technology provides more than a quarter of a million paid trips each week across major American cities. We hope to continue growing our footprint globally, and one day bring Waymo’s safety, accessibility and sustainability benefits to the people of the United Kingdom.

    Julian David OBE, CEO, techUK, said:

    Today’s announcement is great news for the UK’s AV and tech sectors. Safety must be front and centre of any new regulatory regime. The call for evidence on the statement of safety principles enables a healthy discourse on what outcomes the public should expect from self-driving vehicles. The public must also be able to understand when their vehicle really is capable of driving autonomously to prevent accidental misuse. This is why the techUK members also strongly supports the draft statutory instrument on protecting marketing terms.

    The UK must also make sure it doesn’t fall behind other countries despite the promising progress made in 2024 to create new, bespoke legislation for AVs. The ability to deploy truly driverless passenger services from 2026 is a major milestone towards bringing the benefits of autonomy to communities across the country. That is why we warmly welcome plans to accelerate delivery of the necessary regulatory changes to make this a reality.

    Roads media enquiries

    Media enquiries 0300 7777 878

    Switchboard 0300 330 3000

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 23

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 28 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    10 June 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 23

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 23:

      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 6,477,261 227.4022 1,472,943,092
    02 June 2025 50,000 256.9927 12,849,635
    03 June 2025 50,000 256.8456 12,842,280
    04 June 2025 50,000 256.5587 12,827,935
    05 June 2025      
    06 June 2025 49,641 259.2964 12,871,733
    Total accumulated over week 23 199,641 257.4200 51,391,583
    Total accumulated during the share buyback programme 6,676,902 228.2997 1,524,334,675

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.794% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    Attachment

    The MIL Network

  • MIL-OSI Africa: Statement by African Export-Import Bank (Afreximbank) on recent Fitch Ratings Report

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

    Source: Afreximbank |

    Statement by African Export-Import Bank (Afreximbank) on recent Fitch Ratings Report

    Fitch also acknowledges the Bank’s strong capitalization including its “strong equity to assets and guarantees ratio” and “excellent internal capital generation”

    The bank operates with a high level of collateral and credit risk mitigants and has already taken relatively large provisions on some sovereign exposures

    CAIRO, Egypt, June 10, 2025/APO Group/ —

    • Afreximbank (www.Afreximbank.com) operates under very high standards of financial transparency. The Bank’s financial reporting strictly adheres to International Financial Reporting Standards (IFRS), including IFRS 9. This standard governs the classification and staging of loan performance, including the treatment of non-performing loans, amongst other matters. The Bank’s application of IFRS 9 is comprehensively detailed in its 2024 Financial Statements and further clarified in the external auditors’ report. As cited in the ratings report, dated 4 June 2025, “Fitch’s definition of NPLs differs from the Bank’s approach, which makes use of forward-looking information”.
    • It is important to note that Fitch acknowledges Afreximbank’s financial resilience, highlighting that “the bank operates with a high level of collateral and credit risk mitigants and has already taken relatively large provisions on some sovereign exposures, which would reduce any potential further negative financial impact for the bank”.
    • Fitch also acknowledges the Bank’s strong capitalization including its “strong equity to assets and guarantees ratio” and “excellent internal capital generation”.  Concentration risk is also reported as “low” and its liquidity assessment of “a” reflects the Bank’s “strong quality of treasury assets”. The Bank believes that these factors reinforce the overall soundness of the Bank’s risk management framework.
    • Fitch’s ‘negative outlook’ decision, which it says reflects “the risk that the debt owed to Afreximbank by some of its sovereign borrowers may be restructured”, is hinged on the erroneous view, in some quarters, that the treaty establishing Afreximbank, executed by its 53 participating African states, can be violated by the Bank without consequences. For clarity, the Bank establishment agreement is a treaty entered into by, and among, all participating states and between the participating states and the Bank. Accordingly, Afreximbank would like to reaffirm that it is not participating in debt restructuring negotiations related to any of its member countries. To do so would be inconsistent with the Bank establishment treaty. The treatment of its loans and other activities is governed by the treaty and not by classifications created outside its framework.
    • Afreximbank’s financial resilience, robust governance and unwavering commitment to excellence, and to Africa, are critical to the delivery of its mandate. The Bank remains committed to supporting its member countries in navigating their economic challenges while promoting trade-led growth, economic development and general macroeconomic stability.

    Distributed by APO Group on behalf of Afreximbank.

    Statement by African Export-Import Bank (Afreximbank) on recent Fitch Ratings Report Fitch also acknowledges the Bank’s strong capitalization including its “strong equity to assets and guarantees ratio” and “excellent internal capital generation” CAIRO, Egypt, June 10, 2025/APO Group/ —

    • Afreximbank (www.Afreximbank.com) operates under very high standards of financial transparency. The Bank’s financial reporting strictly adheres to International Financial Reporting Standards (IFRS), including IFRS 9. This standard governs the classification and staging of loan performance, including the treatment of non-performing loans, amongst other matters. The Bank’s application of IFRS 9 is comprehensively detailed in its 2024 Financial Statements and further clarified in the external auditors’ report. As cited in the ratings report, dated 4 June 2025, “Fitch’s definition of NPLs differs from the Bank’s approach, which makes use of forward-looking information”.
    • It is important to note that Fitch acknowledges Afreximbank’s financial resilience, highlighting that “the bank operates with a high level of collateral and credit risk mitigants and has already taken relatively large provisions on some sovereign exposures, which would reduce any potential further negative financial impact for the bank”.
    • Fitch also acknowledges the Bank’s strong capitalization including its “strong equity to assets and guarantees ratio” and “excellent internal capital generation”.  Concentration risk is also reported as “low” and its liquidity assessment of “a” reflects the Bank’s “strong quality of treasury assets”. The Bank believes that these factors reinforce the overall soundness of the Bank’s risk management framework.
    • Fitch’s ‘negative outlook’ decision, which it says reflects “the risk that the debt owed to Afreximbank by some of its sovereign borrowers may be restructured”, is hinged on the erroneous view, in some quarters, that the treaty establishing Afreximbank, executed by its 53 participating African states, can be violated by the Bank without consequences. For clarity, the Bank establishment agreement is a treaty entered into by, and among, all participating states and between the participating states and the Bank. Accordingly, Afreximbank would like to reaffirm that it is not participating in debt restructuring negotiations related to any of its member countries. To do so would be inconsistent with the Bank establishment treaty. The treatment of its loans and other activities is governed by the treaty and not by classifications created outside its framework.
    • Afreximbank’s financial resilience, robust governance and unwavering commitment to excellence, and to Africa, are critical to the delivery of its mandate. The Bank remains committed to supporting its member countries in navigating their economic challenges while promoting trade-led growth, economic development and general macroeconomic stability.

    Distributed by APO Group on behalf of Afreximbank. Media Contact: Vincent Musumba Communications and Events Manager (Media Relations) Email: press@afreximbank.com Website: www.Afreximbank.com

    Text copied to clipboard.

    MIL OSI Africa

  • MIL-OSI: Municipality Finance issues a GBP 100 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    10 June 2025 at 10:00 am (EEST)

    Municipality Finance issues a GBP 100 million tap under its MTN programme

    On 11 June 2025 Municipality Finance Plc issues a new tranche in an amount of GBP 100 million to an existing benchmark issued on 7 March 2024. With the new tranche, the aggregate nominal amount of the benchmark is GBP 650 million. The maturity date of the benchmark is 2 October 2028. The benchmark bears interest at a fixed rate of 4.375 % per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 11 June 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    Deutsche Bank Aktiengesellschaft acts as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet is over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI: Revolutionizing Trade Intelligence: Market Inside Unveils Advanced Analytics Dashboard

    Source: GlobeNewswire (MIL-OSI)

    YORK, United Kingdom and LONDON, June 10, 2025 (GLOBE NEWSWIRE) — Market Inside, a global leader in trade intelligence solutions, has launched three brand-new features under its Advanced Analytics Dashboard, designed to take the stress out of working with trade data. With three new features – “Universal Search”, “All Overview”, and “Custom Sorting” – the dashboard gives users a powerful way to understand global markets.

    Explore The New Features Built For Real Trade Challenges

    These tools don’t just add data – they reduce your effort and increase your confidence.

    Universal Search

    All Markets, All Insights – At a Glance

    With Universal Search, all the country data in your plan comes together in one place – no back-and-forth.

    Let’s say you’re tracking machinery exports from China and want to compare them with India and Vietnam. Instead of opening three separate reports, you get a single, clear view that shows it all side by side.

    All Overview

    Spot Untapped Potential Beyond Your Plan

    Not sure which countries might be relevant for your product?

    All Overview gives you a quick, clear snapshot of product activity across all countries, so you can easily spot where the action is and decide which new markets are truly worth exploring.

    It’s like your personal trade preview tool – offering just the right amount of insight to help you make smart, confident, and data-driven decisions.

    Custom Sorting

    Custom Views for Faster, Sharper Insights

    Digging through messy data when you need fast answers is frustrating. That’s why we built Custom Sorting – so you can organize your trade data exactly the way you work.

    Imagine you’re researching electronics shipments. With one click, sort records by HS code to group similar products, then reorder by country to see which markets lead in exports. Next, sort by date to spot rising trends over the last quarter – all without scrolling through hundreds of lines.

    Time to Experience the Next-Gen Dashboard!

    Explore these features today at Market Inside.

    About Market Inside:

    Market Inside is a trusted global trade data platform helping businesses unlock valuable insights from import-export information. Covering more than 195 countries, we serve global companies, small businesses, and trade professionals who rely on data that drives real growth and smart decisions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5a3cf892-d23f-4867-9502-eb983815ee2c

    The MIL Network

  • MIL-Evening Report: Australia should stand up for our feta and prosecco in trade talks with the EU

    Source: The Conversation (Au and NZ) – By Hazel Moir, Honarary Associate Professor; economics of patents, geographical indications and other “IP”; trade treaties, Australian National University

    TY Lim/Shutterstock

    Trade Minister Don Farrell has confirmed Australia and the European Union will restart negotiations for a free trade agreement immediately. Two years ago, Australia walked away over a disappointing market access offer for our beef, sheep, dairy and sugar exporters.

    But with US President Donald Trump’s unilateral tariff increases, the world has changed. The chances of successfully completing the negotiations with the EU on increasing access for some agricultural products and cutting red tape now seem good.

    Australia wants improved access for its beef and lamb exports to Europe, but European farmers have significant political influence. The 2023 offer from the EU would have accounted for just 0.3% of its agricultural imports. It was also less than that offered to other trading partners.

    Another major stumbling block was the EU’s demand that Australia give up naming rights for hundreds of food and drink products.

    The EU wants Australia to adopt its system of regulating names for regional food and spirit specialties. If accepted, this could negatively impact on consumers, Australian dairies and boutique spirit makers.

    What is the EU asking for?

    The EU wants Australia to adopt its so-called “geographical indications” approach to protect the names of European products. It has listed 170 food names and 236 spirit names for Australia to give up.

    The EU argues Australia should allow only Greek feta to be sold here; currently Australian, Greek, Danish and Bulgarian feta are all sold in our shops. It also wants the names prosecco and parmesan reserved for European producers.

    Australia approaches food product labels differently, mainly through consumer protection laws. Further, there is little culture of fraud here, while the European system was originally introduced for wines because of widespread fraud, before it spread to food products.

    Problems arise with the specific food and spirit names the EU wants reserved for their producers. Australia argues these are common names for the food items and we shouldn’t lose access to them.

    Intellectual property privileges limit what other producers can do. So there is always a process to allow other parties to object. Our trade agreements also provide for objections processes.

    In 2019, the Australian government called for producers to raise any objections, but provided no follow-up and no process for the resolution of objections. Producers have received no feedback. This denies those affected by the European naming demands access to due process of law.

    The problem with parmesan

    The worst problems are with the common names that, in Australia, are recognised as generic product names.

    Prosecco grapes growing in the Veneto region of Italy. The EU wants to restrict use of the name prosecco.
    StevanZZ/Shutterstock

    The EU does recognise many food names as common names, such as gouda, brie, edam and camembert cheese. But they want Australia to declare that feta, parmesan and prosecco are not common names in Australia. Australian producers, retailers and consumers would disagree.

    The Europeans argue parmesan is a translation of its geographical indication, Parmigiano Reggiano. It refuses to accept that in Australia consumers recognise parmesan as the common name for a hard cheese while Parmigiano Reggiano is an Italian cheese.

    In 2024, the Singapore Court of Appeal ruled parmesan is not a translation of Parmigiano Reggiano in Singapore and is available for use in Singapore as a common name. It is also clearly recognised as a common name in the EU-Korea trade agreement.

    Carve-outs for feta producers

    Feta is not a place name (it means slice). Canada solved the feta problem in its trade deal with Europe by accepting feta as a geographical indication, but grandfathered the right of all existing Canadian producers to continue to produce and sell feta. Vietnam achieved similar safeguards.

    Australia could ask for the same deal as provided to Canada, and this would ensure no negative impacts on producers or Australian consumers. To protect Australian consumers, who are currently also able to buy Danish and Bulgarian feta, Australia should ensure this exception includes companies exporting into Australia.

    Who can make prosecco?

    Prosecco is specified as a grape variety in the 1994 Australia-Europe bilateral wine treaty, and in Italy until 2009.

    Since then the Italian government took action to privatise the name prosecco and the EU endorsed prosecco as a proprietary name.

    However, all treaties with geographical indications provisions recognise that animal breed and plant variety names should remain free for common use. Our prosecco producers make wine with the prosecco grape, and should be allowed to label it as such. Just like pinot noir is labelled as pinot noir, the grape variety, and not Burgundy, the region.

    If the EU does not provide better access to its agricultural markets, and demands naming provisions which hurt Australian dairies and consumers, and our boutique spirits industry, we would be better to walk away from the proposed treaty.

    Hazel Moir is affiliated with the Centre for European Studies in the Research School of Social Sciences at the Australian National University. From 2017-2019 she was lead researcher in a co-funded ANU and EU’s Erasmus+ Programme study which involved a meta-analysis of the available empirical evidence on the impact of GIs on farmers and regional development. The project funding was purely for research costs and involved no personal remuneration.

    John Power worked for the Department of Agriculture, Fisheries and Forestry from 2003 to 2019. He contributed to negotiations of the 2010 Australia-EU Trade in Wine Agreement and Australia’s FTAs. John led the amendments of the Wine Australia Act 2013 that introduced an objections process for wine GIs. In 2020 he joined the Department of Foreign Affairs and Trade as a GI specialist negotiator.

    ref. Australia should stand up for our feta and prosecco in trade talks with the EU – https://theconversation.com/australia-should-stand-up-for-our-feta-and-prosecco-in-trade-talks-with-the-eu-258392

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: Lightning: Xi Jinping Calls on China, South Korea to Jointly Safeguard Multilateralism, Free Trade, and Ensure Stability and Smooth Operation of Global Industrial and Supply Chains

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 06. 2025

    Key words: China,Republic of Korea

    Source: Xinhua

    Flash: Xi Jinping Calls on China, South Korea to Jointly Safeguard Multilateralism, Free Trade, and Ensure Stability and Smoothness of Global Industrial and Supply Chains Flash: Xi Jinping Calls on China, South Korea to Jointly Safeguard Multilateralism, Free Trade, and Ensure Stability and Smoothness of Global Industrial and Supply Chains

    MIL OSI Russia News

  • MIL-OSI New Zealand: Be vigilant: Fake Police scam doing the rounds again

    Source: New Zealand Police

    Real Police officers are warning Kiwis to be vigilant of cold callers posing as Police officers, as a pesky scam rears its head.

    In the past year, Police have worked quickly to warn the public as these scam calls emerged.

    Waitematā CIB’s acting Detective Senior Sergeant Ben Bergin says, “unsuspecting victims are essentially being called out of the blue under a ruse”.

    “The story changes slightly, but it will usually involve some sort of investigation and this ‘officer’ will report having located a valuable item of yours, such as a passport.

    “He will need your help or ask for your personal information. 

    “The caller speaks with an English accent and provides a bogus ID number to the victim.”

    If you receive a phone call such as this, Police advise the public to be extremely cautious.

    Acting Detective Senior Sergeant Bergin says previous iterations of this scam has involved scammers asking people to withdraw cash as part of ‘an investigation’ or handing over bank details.

    Police made several arrests last year over the scam.

    “We strongly advise that you hang up,” he says.

    “From time-to-time, Police officers may contact you as part of their genuine duties.

    “It can be a bit surprising to receive a call unexpectantly, so stop and think if you get a far-fetched story shared down the telephone line.”

    In the past week, Police have received reports from Kiwis on both islands, including: Warkworth, Riverhead, Royal Oak, Ngaruawahia and in the Clutha and Queenstown-Lakes districts.

    “Fortunately, at this stage we are not aware of any victims losing money,” acting Detective Senior Sergeant Bergin says.

    “Those recipients have done the right thing and ended the call and reported it to the real Police.”

    If you have received a similar call, please report this to Police online now or call 105.

    Important advice from New Zealand Police:

    – Police will never ask for your bank details, pin numbers or banking log in.
    – Police do not offer prize money
    – Police will never ask you to go to a bank and withdraw your own cash
    – Stop and think: If the call seems off, hang up and call 105 to verify the officer’s identity, or request a callback.

    ENDS. 

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News

  • MIL-OSI: Virtu Financial Announces Strategic TradeOPS Collaboration, Welcoming First Joint Client

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM and NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT), a global leader in trading and execution services, and Limina, a leading provider of cloud-native Investment Management Solutions, are proud to announce a strategic collaboration around Virtu’s TradeOPS platform.

    Virtu’s TradeOPS is a streamlined, consolidated platform that covers clients’ matching, settlements and payment requirements. Designed and built specifically to automate post-trade workflows, including allocation matching and settlements, exception-based processing in TradeOPS is designed to significantly reduce settlement delays, financial penalties, and workload for buyside firms. Combined with Limina’s cloud-native Order and Portfolio Management System (O/PMS), this collaboration enables buyside firms to access a fully-integrated, front-to-back workflow—seamlessly and efficiently.

    The collaboration has welcomed its first joint client, Cliens, who is now benefiting from Virtu’s TradeOPS capabilities using DTCC-CTM via Limina’s platform.

    “We’re excited to work with Limina to deliver an integrated and modern workflow for our TradeOPS clients,” said Pegah Esmaeili, Head of Nordic Region at Virtu. “This integration supports our mission to deliver scalable, outsourced trading solutions by collaborating with innovative local firms like Limina—allowing us to efficiently extend our market-leading products to clients across the region.”

    Prem Balasubramanian, Head of Virtu’s TradeOPS platform highlighted that recent changes in post-trade settlement, such as the shift to T+1 and the migration from SWIFT MT to MX, have introduced new operational challenges for buyside firms. “By providing streamlined and effective solutions tailored to clients’ needs, we can significantly reduce the operational burden and allow firms to refocus on what truly matters: managing investments and driving performance.” Prem also added, “Working with Limina is a pleasure. The turnaround has been impressively fast, and we’re looking forward to continued collaboration ahead.”

    “This partnership was an obvious choice to further strengthen the integration capabilities of Limina’s Order Management System, not only to DTCC CTM but to all venues that tie into Virtu TradeOPS including SWIFT and more,” says Kristoffer Fürst, CEO of Limina. 

    “The integrated solution that Virtu and Limina offer Cliens helps us extend our straight-through process, giving time to more productive tasks which adds value to our customer,” says Martin Öqvist, CEO of Cliens.

    About Virtu Financial, Inc.
    Virtu is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    About Limina
    Limina’s modern Investment Management Platform helps investment managers increase productivity, decrease cost and manage operational risks through a unified platform spanning the entire investment lifecycle. Founded in 2014, and headquartered in Sweden, Limina serves a growing global client base of institutional asset managers, asset owners and hedge funds with our award-winning cloud-native SaaS offering.

    About Cliens
    Cliens is a Swedish active fund manager focusing on delivering long-term high returns. Our funds and discretionary mandates vary from equity to fixed income and investments are made in Swedish all caps as well as Nordic and Global small caps.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    media@virtu.com
    investor_relations@virtu.com

    The MIL Network

  • MIL-Evening Report: There are clear laws on enforcing blockades – Israel’s interception of the Madleen raises serious questions

    Source: The Conversation (Au and NZ) – By Shannon Bosch, Associate Professor (Law), Edith Cowan University

    On June 9, the Madleen, a UK-flagged civilian ship carrying humanitarian aid to Gaza, was stopped by Israeli forces in international waters, about 200 kilometres off the coast.

    The Freedom Flotilla Coalition had organised the voyage, setting sail from Sicily on June 1. The vessel’s 12 passengers included climate activist Greta Thunberg, European Parliament member Rima Hassan, two French journalists and several other activists from around the world.

    The Israeli military boarded the ship and diverted it to the Israeli port of Ashdod. The aid it carried — baby formula, food, medical supplies, water desalination kits — was confiscated. All passengers were detained and now face deportation.

    This interception has sparked international condemnation. Importantly, it also raises questions about whether Israel’s actions comply with international law.

    Legal conditions for naval blockades

    Naval blockades are not automatically illegal. Under the San Remo Manual on International Law Applicable to Armed Conflicts at Sea (1994), a blockade may be used in wartime, but only if five legal conditions are met:

    • it must be formally declared and publicly notified
    • it must be effectively enforced in practice
    • it must be applied impartially to all ships
    • it must not block access to neutral ports or coastlines
    • it must not stop the delivery of humanitarian aid to civilians.

    If even one of these conditions is not met, the blockade may be considered illegal under customary international humanitarian law.

    The fifth condition is especially important here. According to a comprehensive study of international humanitarian law conducted by the International Committee of the Red Cross, the parties to a conflict must allow the rapid and unimpeded delivery of humanitarian relief to civilians in need.

    A blockade that prevents this could be in breach of international law.

    Israel and Egypt have imposed a blockade of varying degrees on Gaza since 2007 when Hamas came to power. Israeli Defence Minister Israel Katz claims the purpose of the blockade is to “prevent the transfer of weapons to Hamas”. Critics say it amounts to collective punishment.

    The Madleen was operating in compliance with three binding International Court of Justice orders (from January 2024, March 2024 and May 2024) requiring unimpeded humanitarian access to Gaza.

    Freedom of navigation

    International law also strongly protects the freedom of navigation, particularly in international waters beyond any state’s territorial limits.

    There are only a few exceptions when a country can lawfully stop a foreign ship in international waters – if it is involved in piracy, slave trading, unauthorised broadcasting, or the vessel itself is stateless. A country can also stop a ship if it is enforcing a lawful blockade or acting in self-defence under Article 51 of the UN Charter.

    So, if Israel’s actions do not fully meet the international legal requirements for enforcing a blockade during wartime, it would not have the right to intercept the Madleen in international waters.

    Protections for humanitarian workers

    More broadly speaking, international humanitarian law, including the Fourth Geneva Convention, protects civilians during conflict. This protection extends to people delivering humanitarian aid, so long as they do not directly take part in hostilities.

    To be considered directly participating in hostilities, a person must:

    • intend to cause military harm
    • have a direct causal link to that harm, and
    • be acting in connection with one side of the conflict.

    Bringing aid to civilians, even if politically controversial, does not meet this legal threshold. As a result, the Madleen’s passengers remain protected civilians and should not be treated as combatants or detained arbitrarily.

    International law also sets out how civilians detained in conflict situations must be treated. Under the Fourth Geneva Convention, detainees must be given access to medical care, lawyers and consular representatives. They must also not be punished without fair legal processes.

    Reports that Madleen passengers have been detained and are facing deportation raise concerns about whether these standards are being upheld.

    In response to the ship’s interception, the Hind Rajab Foundation, a nonprofit advocacy group, has filed a complaint with the UK Metropolitan Police War Crimes Unit. The complaint alleges a number of breaches of international humanitarian law, including forcible detention, obstruction of humanitarian relief, and degrading treatment.

    Previous flotilla intercepted

    This is not the first time Israel has stopped an aid ship and faced accusations of violating the law of the sea and humanitarian law.

    In 2010, the Israeli military raided a flotilla of six ships organised by international activists aiming to deliver humanitarian aid to Gaza and challenge the blockade.

    Violence broke out on the largest vessel, the Mavi Marmara, resulting in the deaths of nine Turkish nationals and injuries to dozens of others. The incident drew international condemnation. Israel agreed to ease its blockade after the incident.

    A fact-finding mission established by the UN Human Rights Council found that Israel violated a number of international laws and that its blockade was “inflicting disproportionate damage upon the civilian population”.

    This is not just a political or moral issue – it’s a legal one. International law lays out clear rules for when and how a country can enforce blockades, intercept vessels and treat civilians.

    Based on these rules, serious legal questions remain about Israel’s handling of the Madleen and its passengers.

    Shannon Bosch 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. There are clear laws on enforcing blockades – Israel’s interception of the Madleen raises serious questions – https://theconversation.com/there-are-clear-laws-on-enforcing-blockades-israels-interception-of-the-madleen-raises-serious-questions-258562

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Rural News – Restrictions on carbon forestry long overdue – Federated Farmers

    Source: Federated Farmers

    Federated Farmers’ ‘Save our Sheep’ campaign has taken a major step forward this morning with the Government introducing legislation to stop carbon forestry on productive farmland.
    “This legislation is a really positive step forward – but from a farmer’s perspective, it’s long overdue,” says Federated Farmers meat & wool chair Toby Williams.
    “The Prime Minister and Minister for Agriculture stood up on a stage in Gore at a Federated Farmers event on December 4 last year and announced these changes would be coming.
    “Since that announcement was made, farmers have been incredibly frustrated as we’ve watched tens of thousands of hectares of productive land continue to be planted in pines.
    “The Government have been very clear on their intention but a lack of action has caused huge uncertainty and heartache for farmers and rural communities.”
    The ‘Save our Sheep’ platform has been getting plenty of traction in recent weeks with a viral social media campaign and a strategically placed billboard directly opposite the Beehive.
    “The Emissions Trading Scheme (ETS) has been screwing the scrum in favour of forestry over farming by subsidising pine trees to offset fossil fuel emissions,” Williams says.
    “These new restrictions will put the squeeze on wholesale pine planting driven by carbon returns but won’t hinder genuine production forestry or smaller farm woodlots.
    “Federated Farmers aren’t anti-forestry. Exotic trees have a place and a role to play when it comes to sensible land use and income diversification – but carbon forestry is out of control.”
    Williams says farmers will be raising serious questions about 15,000 hectares of LUC 6 farmland being allocated by a ballot process each year.
    “That is a huge amount of land still going into pine trees and that’s what farmers will currently be using as breeding country – we can’t afford to lose 150,000 hectares in the next decade.
    “You can’t plant that land in pine trees while maintaining a sustainable sheep industry. We would lose more than 750,000 breeding ewes if that were to happen.”
    Federated Farmers were more positive about the clause ensuring 25 per cent of LUC 1-6 land will be registered against the property’s title to restrict further planting as a result of subdivision.”
    Williams says Federated Farmers still has serious concerns about exploitation of loopholes and the impact of badly broken ETS rules on rural communities.
    “The statement from the Government today says the time-limited transitional exemptions under ‘intention to plant’ rules are for ‘rare cases’ only.
    “I’m not convinced these criteria are anywhere near tight enough, particularly when it comes to things like the purchase of seedlings when the forester didn’t already own the land to plant.
    “If you didn’t own the land with a clear intention to plant it for carbon forestry before the announcement on December 4 last year, you should told ‘sorry, but you’re out of luck’.”
    As the legislation is currently written, simply having purchased seedlings is enough to show intent even if they didn’t own land to plant them on.
    Federated Farmers says that is simply nonsense and needs to be changed.
    Alongside restriction on whole farm conversions to pine trees for carbon farming, Federated Farmers are also calling for sweeping reforms of the forestry sector.
    “Pine forests are breeding grounds for pests like pigs and deer that are causing huge issues for farmers and costing us a fortune,” Williams says.
    “To put it bluntly, foresters simply aren’t doing enough pest management to get the issue under control – and it’s time for the Government to step in.”
    Federated Farmers says urgent changes need to be made to the Overseas Investment Act.
    “Applications to purchase farmland to convert to forestry should be assessed under the farmland test rather than the general benefit to New Zealand test,” Williams says.
    “This would mean that applications from oversees investors to purchase land for forestry would be on an even playing field with other land purchases.
    “Some of the applications we’re seeing approved at the moment are absolutely appalling and will have little or no benefit for New Zealand or our rural communities.”
    Williams also wants to see changes to the ETS to end the ability of carbon dioxide emitters to offset 100 percent of their emissions with emissions units from carbon farming.
    New Zealand is the only country in the world that allows 100% carbon offsetting through forestry, with other countries recognising the risk and putting restrictions in place.
    Federated Farmers is now calling on the Government to urgently review the ETS and fix the rules to either limit or stop the offsetting of fossil fuel emissions with forestry.
    You can sign the petition pushing for change at www.saveoursheep.nz

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Climate legal action necessary response to Govt inaction – CTU

    Source: New Zealand Council of Trade Unions Te Kauae Kaimahi

    The New Zealand Council of Trade Unions Te Kauae Kaimahi welcomes the legal action taken against the Minister of Climate Change by a coalition of legal experts as an important step in ensuring that Aotearoa meets its climate action obligations.

    “We strongly support legal action to ensure that the Government is held to account for its legal obligations under the Climate Change Response Act,” said NZCTU President Richard Wagstaff.

    “The union movement is deeply concerned by the Emissions Reduction Plan 2026-2030, which contains no significant policies to reduce emissions and will fail to get New Zealand meaningfully closer to our 2050 net-zero commitment.

    “The actions – or lack of them – by this Government on climate change are the actions of climate deniers, not responsible leaders.

    “Workers and communities need real political leadership that combats global emissions and invests in creating a just transition for industries and workers. We need leadership that develops and upholds long term consensus, not more U-turns.

    “Instead, we have a government that cancelled 35 climate policies without consulting the public first, as required by law. Robust public engagement is essential.

    “Climate policy is yet another area where this Government is prioritising corporate interests over democratic accountability and the interests of working people.

    “Evidence is clear that a near-total focus on tree planting through vast pine forests is not a sufficient response – we must reduce emissions at source.

    “Alongside the weak emissions budget, in Budget 2025 we saw a total abdication of responsibility on climate change and ensuring a Just Transition for working people in an increasingly volatile world.

    “The NZCTU supports bold climate action to reduce emissions, adapt to the changing climate, and transition to a zero emissions economy that provides full employment for workers,” said Wagstaff.

    MIL OSI New Zealand News

  • MIL-OSI Australia: Increase in COVID, flu and RSV in Victoria

    Source: FairTrading New South Wales

    Key messages

    • There is an increased risk of respiratory illnesses heading into the winter months.
    • Immunisations are available for many respiratory illnesses such as influenza (flu), COVID-19 and respiratory syncytial virus (RSV). It is never too late to get vaccinated.
    • Early antiviral treatments for influenza and COVID-19 can help to reduce severe disease for high-risk individuals.
    • Simple hygiene and preventive measures like covering coughs and sneezes, regular hand washing and staying home when unwell can help reduce the spread of respiratory illnesses.

    What is the issue?

    There is an increased risk of respiratory illnesses heading into the winter months. In Victoria, the increase in COVID-19 cases between April and May this year was 2.5 times higher than the same time last year, and hospitalisations have been increasing. Flu and RSV cases are also increasing.

    Young children and older adults are particularly vulnerable to respiratory illnesses and may experience more severe illness requiring hospitalisation.

    Who is at risk?

    People most at risk of severe illness with respiratory conditions include Aboriginal and Torres Strait Islander people, children under the age of 5 years old, elderly people, pregnant women, those who are immunocompromised, and those with certain medical conditions including diabetes, cardiac disease and chronic respiratory conditions.

    While some people may be at a higher risk of severe illness, it is possible for anyone to be infected and become unwell.

    Symptoms and transmission

    Symptoms of respiratory illnesses such as flu, COVID-19 and RSV can be quite similar and include fever, coughing, sneezing, sore throat, runny nose, body aches and fatigue.

    These illnesses are very infectious and spread via droplets produced through coughing and sneezing, or by coming in close contact with infected people.

    Recommendations

    For the public

    There are some simple steps you can do to help protect yourself and others from severe illness.

    Immunisations are available for many respiratory illnesses including flu, COVID-19 and RSV. These can be accessed through GPs, pharmacies, local councils and Aboriginal Controlled Community Health Organisations.

    Some Victorians may be eligible for free immunisations. For further information, talk to your doctor or visit:

    Other things you can do to keep yourself and others healthy include:

    • Wash or sanitise your hands thoroughly and regularly, particularly before and after touching your face
    • Cough or sneeze into your elbow
    • Stay home if you are unwell
    • Wear a face mask if you have symptoms or visiting sensitive settings, such as aged care facilities
    • Talk with your doctor now if you are at higher risk for complications from COVID-19 or the flu. Discuss what to do if you get sick, including testing options and whether you are eligible for antiviral treatment
    • If you experience serious symptoms, seek medical attention.

    For clinicians

    • Offer annual influenza vaccination to everyone aged 6 months and older.
    • Ensure those most at risk of severe illness are up to date with their flu and COVID-19 vaccinations.
    • Offer Abrysvo® RSV vaccine to eligible pregnant women (28 to 36 weeks pregnancy) and nirsevimab (Beyfortus™) RSV monoclonal antibody to eligible infantsExternal Link. RSV vaccines are not approved for use in infants and children.
    • Discuss RSV vaccinationExternal Link options with older adults.
    • Encourage catch up vaccination for patients who are not up to date with routine immunisations.
    • Discuss early use of anti-viral treatment for flu and COVID-19 for high-risk individuals.

    MIL OSI News

  • Global stocks rise, dollar tentative ahead of US-China talks outcome

    Source: Government of India

    Source: Government of India (4)

    Stocks were buoyant and the dollar remained on guard on Tuesday as trade talks between the United States and China were set to extend to a second day, with tentative signs tensions between the world’s two largest economies could be easing.
     
    U.S. President Donald Trump put a positive spin on the talks at Lancaster House in London, which wrapped up for the night on Monday and were set to resume at 0900 GMT on Tuesday.
     
    “The fact that we’re still up here near record highs, does suggest that we are seeing the market accept what has been said by Trump and when you look at some of the other comments from Lutnick and Bessent, to me it seems to suggest that they are relatively happy with the progress,” said Tony Sycamore, a market analyst at IG.
     
    “But the market always likes to see some concrete announcements.”
     
    As Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer were set to meet for the second day with their Chinese counterparts, much of investors’ focus has been on the progress of the talks.
     
    Any progress in the negotiations is likely to provide relief to markets given Trump’s chaotic tariffs and swings in Sino-U.S. trade ties have undermined the world’s two biggest economies and hobbled global growth.
     
    Stocks advanced in Asia, extending their rise from the start of the week.
     
    MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.5%, while Nasdaq futures gained 0.62%. S&P 500 futures edged 0.43% higher.
     
    EUROSTOXX 50 futures and FTSE futures both added roughly 0.1% each.
     
    In Tokyo, attention was also on the Japanese government bond (JGB) market, following news that Japan is considering buying back some super-long government bonds issued in the past at low interest rates.
     
    The yield on the 10-year JGB fell one basis point to 1.46% in early trade, while the 30-year yield slid 5 bps to 2.86%.
     
    Yields on super-long JGBs rose to record levels last month due to dwindling demand from traditional buyers such as life insurers, and jitters over steadily rising debt levels globally.
     
    “The volatility at the super-long segment of the curve stems from a supply-demand imbalance that has been brewing since the BOJ embarked on balance sheet normalisation,” said Justin Heng, APAC rates strategist at HSBC Global Investment Research.
     
    Japanese Finance Minister Katsunobu Kato said on Tuesday the government will conduct appropriate debt management policies while communicating closely with market participants.
     
    In currencies, the dollar attempted to regain its footing after falling on Monday.
     
    Against the yen, the dollar was up 0.45% to 145.25. The euro fell 0.28% to $1.1387 while sterling slipped 0.2% to $1.3523.
     
    Trump’s erratic trade policies and worries over Washington’s growing debt pile have dented investor confidence in U.S. assets, in turn undermining the dollar, which has already fallen more than 8% for the year.
     
    The next test for the greenback will be on Wednesday, when U.S. inflation data comes due. Expectations are for core consumer prices to have picked up slightly in May, which could push back against bets of imminent Federal Reserve rate cuts.
     
    The producer price index (PPI) report will be released a day later.
     
    “May’s U.S. CPI and PPI data will be scrutinised for signs of lingering inflationary pressures,” said Convera’s FX and macro strategist Kevin Ford.
     
    “If core CPI remains elevated, expectations for rate cuts could be pushed beyond the June 18 FOMC meeting.”
     
    Traders see the Fed keeping rates on hold at its policy meeting next week, but have priced in roughly 44 bps worth of easing by December.
     
    In the oil market, prices edged up, with Brent crude futures gaining 0.24% to $67.20 a barrel. 
     
    U.S. West Texas Intermediate crude was last up 0.25% at $65.45 per barrel after hitting a more than two-month high earlier in the session.
     
    Spot gold fell 0.5% to $3,310.40 an ounce.
     
    (Reuters)
  • MIL-OSI Africa: Secretary-General’s remarks at the opening of the UN Ocean Conference [bilingual, as delivered; scroll down for all-French]

    Source: United Nations – English

    onsieur le Président de la République française, Cher Emmanuel Macron
    Señor Presidente de la República de Costa Rica, Estimado Rodrigo Chaves Robles
     
    Excellences, chers amis,
    Dear President of the French Republic, Dear Emmanuel Macron
    Mr. President of the Republic of Costa Rica, Dear Rodrigo Chaves Robles
    Excellencies, dear friends,
     
    Permettez-moi tout d’abord de remercier nos hôtes, les gouvernements de la France et du Costa Rica, d’avoir organisé cette conférence.
    Let me begin by thanking our hosts, the Governments of France and Costa Rica, for convening this conference.
     
    Et merci à tous d’être là, à Nissa la bella – ville à la mer d’azur et au ciel pur.
    And thank you all for being here, in “Nissa la bella” – city of azure seas and clear skies.
     
    Nous voici réunis sur les rives de la Méditerranée, carrefour de continents, de cultures et de commerce.
    We gather beside the Mediterranean –  a crossroads of continents, cultures, and commerce.
     
    Une mer qui, depuis des millénaires, est source de vie – et qui nous rappelle notre profonde dépendance à l’égard de l’océan.
    A sea that has sustained life for millennia –reminding us of our deep dependence on the ocean.
     
    L’océan produit la moitié de l’oxygène que nous respirons.
    The ocean generates half of the oxygen we breathe.  
     
    Il nourrit 3 milliards de personnes et fait vivre 600 millions d’autres.
    It feeds 3 billion people and sustains 600 million livelihoods.
     
    L’économie des océans a plus que doublé en 30 ans – et elle continue de croître.
    The ocean economy has more than doubled in 30 years – and keeps growing.
     
    Le transport maritime assure, à lui seul, plus de 80 % du commerce mondial.
    Maritime transport alone moves over 80 per cent of global trade.
     
    L’océan est notre bien commun par excellence.
    The ocean is the ultimate shared resource.
     
    Pourtant, nous sommes en train de le piller.
    But we are failing it.
     
    Les stocks de poissons s’effondrent.
    Fish stocks are collapsing.
     
    La surconsommation et la pêche illégale poussent des espèces au bord de l’extinction.
    Over-consumption and illegal fishing are pushing marine life to the brink.
     
    Chaque année, 23 millions de tonnes de plastique sont déversées dans les eaux et asphyxient les écosystèmes.
    Plastic pollution is choking ecosystems – with 23 million tonnes of waste entering waters every year.
     
    Les émissions de carbone provoquent l’acidification et le réchauffement des océans – détruisant les récifs de corail et accélérant la montée des eaux.
    Carbon emissions are driving ocean acidification and heating – destroying coral reefs and accelerating sea level rise.
     
    Si on ne change pas de cap, cette acceleration va submerger les deltas, detruire les récoltes et engloutir les littoraux, menaçant la survie même de nombreuses îles.
    If we do not change course, this rise will submerge deltas, destroy crops, and swallow coastlines – threatening many islands’ survival.
     
    L’océan absorbe désormais 90 % de l’excédent de chaleur piégé par les gaz à effet de serre.
    The ocean now stores 90 per cent of the excess heat trapped by greenhouse gases.
     
    Autant de symptômes d’un système en crise… et qui s’auto-alimente.
    These are symptoms of a system in crisis – and they are feeding off each other.
     
    Brisant les chaînes alimentaires… Anéantissant les moyens de subsistance… Augmentant l’insécurité.
    Unravelling food chains. Destroying livelihoods. Deepening insecurity.
     
    Cette insécurité est exacerbée par la criminalité : piraterie, trafic d’êtres humains, réseaux organisés et pillage des ressources volent des vies, freinent le développement et privent les communautés côtières de leurs droits.
    And insecurity is rising not only from natural forces – but from criminal ones.  Piracy, organized crime, human trafficking, and the looting of natural resources are threatening lives, undermining development, and robbing coastal communities of their rights.
     
    Ladies and gentlemen,
     
    Since the last UN Ocean Conference in Lisbon, we have seen progress.
     
    We have also seen a growing awareness of the deep interconnection between preserving biodiversity and marine ecosystems, combatting climate change, and stopping pollution.
     
    The Kunming-Montreal Global Biodiversity Framework set a bold pledge:
     
    To conserve and manage at least 30 per cent of marine and coastal areas by 2030.
     
    Member States also adopted the Agreement on Marine Biological Diversity of Areas beyond National Jurisdiction – a historic breakthrough.
     
    I urge all delegations to ratify it – and welcome good news delivered by President Macron and the momentum this Conference is generating toward its swift entry into force.
                    
    I also call on all countries to agree on an ambitious and legally binding treaty on plastic pollution – this year.
     
    It is essential to successfully conclude the agreement on fisheries currently discussed at World Trade Organization.
     
    The International Maritime Organization committed to reach net-zero emissions from shipping by 2050.
     
    And last year’s General Assembly Meeting on Sea Level Rise underscored that statehood and sovereignty cannot be undermined by rising seas.
     
    This proves multilateralism works – but only if we match words with action.
     
    By developing concrete national plans aligned with global targets;
     
    By harnessing science, driving innovation, and ensuring fair access to technology;
     
    By empowering fishers, Indigenous peoples, and youth;
     
    And above all, by investing.
     
    SDG 14 on life below water remains one of the least funded Sustainable Development Goals.
     
    This must change – through increased public finance, greater support from development banks, and bold models to unlock private capital. 
     
    I urge all countries to come forward with bold pledges.
     
    Small Island Developing States need support to build resilience and thrive in the blue economy.
     
    Many struggle to access healthy, affordable food –  underscoring the urgent need to restore local fisheries and strengthen ocean-based food systems.
     
    We must also strengthen maritime security as a pillar of sustainable development.
     
    And we must embed ocean priorities across climate, food systems and sustainable finance.
     
    Because without a healthy ocean, there can be no healthy planet.
     
    Finally, nations are also navigating new waters on seabed mining:
     
    I support the ongoing work of the International Seabed Authority on this important issue.
     
    The deep sea cannot become the Wild West.
     
    Ladies and gentlemen,
     
    We live in an age of turmoil, but the resolve I see here gives me hope.
     
    Hope that we can turn the tide.
     
    That we can move from plunder to protection.
     
    From exclusion to equity.
     
    From short-term exploitation to long-term stewardship.
     
    We know it’s possible.
     
    When we reached a global moratorium on commercial whaling, whale populations recovered.
     
    When we protect marine areas, life returns.
     
    Today, we have the opportunity to restore marine abundance.
     
    What was lost in a generation can return in a generation.
     
    The ocean of our ancestors – teeming with life and diversity – can be more than legend.
     
    It can be our legacy.
     
    I wish you a successful conference.
     
    Thank you.

    **** 

    [All-French]
     

    Monsieur le Président de la République française, Cher Emmanuel Macron
    Monsieur le Président de la République du Costa Rica, Cher Rodrigo Chaves Robles
     
    Excellences, chers amis,
     
    Permettez-moi tout d’abord de remercier nos hôtes, les gouvernements de la France et du Costa Rica, d’avoir organisé cette conférence.
     
    Et merci à tous d’être là, à Nissa la bella – ville à la mer d’azur et au ciel pur.
     
    Nous voici réunis sur les rives de la Méditerranée, carrefour de continents, de cultures et de commerce.
     
    Une mer qui, depuis des millénaires, est source de vie – et qui nous rappelle notre profonde dépendance à l’égard de l’océan.
     
    L’océan produit la moitié de l’oxygène que nous respirons.
     
    Il nourrit 3 milliards de personnes et fait vivre 600 millions d’autres.
     
    L’économie des océans a plus que doublé en 30 ans – et elle continue de croître.
     
    Le transport maritime assure, à lui seul, plus de 80 % du commerce mondial.
     
    L’océan est notre bien commun par excellence.
     
    Pourtant, nous sommes en train de le piller.
     
    Les stocks de poissons s’effondrent.
     
    La surconsommation et la pêche illégale poussent des espèces au bord de l’extinction.
     
    Chaque année, 23 millions de tonnes de plastique sont déversées dans les eaux et asphyxient les écosystèmes.
     
    Les émissions de carbone provoquent l’acidification et le réchauffement des océans – détruisant les récifs de corail et accélérant la montée des eaux.
     
    Si on ne change pas de cap, cette accélération va submerger les deltas, détruire les récoltes et engloutir les littoraux – menaçant la survie même de nombreuses îles.
     
    L’océan absorbe désormais 90 % de l’excédent de chaleur piégé par les gaz à effet de serre.
     
    Autant de symptômes d’un système en crise… et qui s’auto-alimente.
     
    La montée des eaux submerge les deltas, détruit les récoltes et engloutit les littoraux, menaçant la survie même de nombreuses îles.
     
    L’océan est pris au piège d’un cercle vicieux – victime et accélérateur du changement climatique.
     
    Brisant les chaînes alimentaires… Anéantissant les moyens de subsistance… Augmentant l’insécurité.
     
    Cette insécurité est exacerbée par la criminalité : piraterie, trafic d’êtres humains, réseaux organisés et pillage des ressources volent des vies, freinent le développement et privent les communautés côtières de leurs droits.
     
    Mesdames et Messieurs,
     
    Depuis la dernière Conférence des Nations Unies sur l’océan, qui s’est tenue à Lisbonne, des progrès ont été accomplis.
     
    Nous avons également vu une prise de conscience croissante des liens profonds entre la préservation de la biodiversité et des écosystèmes marins, la lutte contre le changement climatique et l’arrêt de la pollution.
     
    Le Cadre mondial de la biodiversité de Kunming-Montréal contient un engagement audacieux :
     
    Conserver et gérer au moins 30 % des zones marines et côtières d’ici à 2030.
     
    Les États Membres ont également adopté l’Accord portant sur la diversité biologique marine des zones ne relevant pas de la juridiction nationale, qui marque une avancée historique.
     
    J’exhorte toutes les délégations à ratifier cet accord et je me félicite des bonnes nouvelles partagées par le President Macron et de l’impulsion donnée par la Conférence pour en favoriser l’entrée en vigueur rapide.
     
    Par ailleurs, j’appelle tous les pays à s’entendre cette année sur un traité ambitieux et juridiquement contraignant sur la pollution plastique.
     
    Il est également essentiel de conclure avec succès l’accord sur la pêche actuellement discuté à l’Organisation mondiale du commerce.
     
    L’Organisation maritime internationale est résolue à faire en sorte que, d’ici à 2025, le transport maritime ne produise plus aucune émission nette.
     
    L’année dernière, durant la réunion de l’Assemblée générale sur l’élévation du niveau de la mer, il a été dit avec force que la montée des eaux ne saurait porter atteinte à la souveraineté et à l’intégrité des États.
     
    Toutes ces initiatives montrent que le multilatéralisme fonctionne, mais seulement si nous traduisons nos paroles en actes.
     
    En développant des plans nationaux concrets alignés sur les objectifs mondiaux.
     
    En exploitant la science, en stimulant l’innovation, et en garantissant un accès équitable à la technologie.
     
    En donnant des moyens d’action aux pêcheurs, aux populations autochtones, aux scientifiques et aux jeunes.
     
    Et, par-dessus tout, en investissant.
     
    L’objectif de développement durable no 14 relatif à la vie aquatique demeure l’un des objectifs de développement durable les moins bien financés.
     
    Les choses doivent changer. Pour cela, il faut augmenter les financements publics, accroître l’appui apporté par les banques de développement et favoriser l’afflux de capitaux privés grâce à des modèles de financement audacieux.
     
    J’exhorte tous les pays à prendre des engagements ambitieux [et je remercie ceux qui l’ont déjà fait].
     
    Les petits États insulaires en développement ont besoin d’aide pour renforcer leur résilience et prospérer dans l’économie bleue.
     
    Nombreux sont ceux qui peinent à se procurer une alimentation saine à un coût abordable, ce qui montre combien il est urgent de restaurer les pêches locales et de renforcer les systèmes alimentaires basés sur l’océan.
     
    Nous devons également renforcer la sécurité maritime qui est l’un des piliers du développement durable.
     
    Nous devons intégrer les priorités liées à l’océan dans toutes nos activités touchant le climat, les systèmes alimentaires et la finance durable.
     
    Car sans un océan en bonne santé, il ne peut y avoir de planète en bonne santé.
     
    Enfin, l’exploitation minière des fonds marins pose aux pays de nouveaux défis.
     
    Je soutiens les travaux en cours de l’Autorité internationale des fonds marins sur cet enjeu important.
     
    Les grands fonds ne peuvent pas devenir un Far West.
     
    Mesdames et Messieurs,
     
    Nous vivons une époque de troubles, mais la détermination que je constate ici me donne de l’espoir.
     
    J’espère que nous pourrons redresser la situation.
     
    Que nous pourrons remplacer le pillage par la protection.
     
    L’exclusion par l’équité.
     
    La surexploitation à court terme par la bonne gestion à long terme.
     
    Nous savons que c’est possible.
     
    Lorsque nous sommes parvenus à un moratoire mondial sur la chasse commerciale à la baleine, les populations de baleines se sont reconstituées.
     
    Lorsque nous protégeons des aires marines, la vie revient.
     
    Aujourd’hui, nous avons la possibilité de redonner à l’océan son abondance.
     
    Ce qui a été perdu en l’espace d’une génération peut renaître en l’espace d’une autre.
     
    L’océan qu’ont connu nos ancêtres, qui regorgeait de vie et de diversité, peut être davantage qu’une légende.
     
    Il peut être notre héritage.
     
    Que votre conférence soit couronnée de succès.
     
    Je vous remercie.

    MIL OSI Africa

  • MIL-OSI New Zealand: Climate legal action necessary response to Government inaction

    Source: NZCTU

    The New Zealand Council of Trade Unions Te Kauae Kaimahi welcomes the legal action taken against the Minister of Climate Change by a coalition of legal experts as an important step in ensuring that Aotearoa meets its climate action obligations.

    “We strongly support legal action to ensure that the Government is held to account for its legal obligations under the Climate Change Response Act,” said NZCTU President Richard Wagstaff.

    “The union movement is deeply concerned by the Emissions Reduction Plan 2026-2030, which contains no significant policies to reduce emissions and will fail to get New Zealand meaningfully closer to our 2050 net-zero commitment.

    “The actions – or lack of them – by this Government on climate change are the actions of climate deniers, not responsible leaders.

    “Workers and communities need real political leadership that combats global emissions and invests in creating a just transition for industries and workers. We need leadership that develops and upholds long term consensus, not more U-turns.

    “Instead, we have a government that cancelled 35 climate policies without consulting the public first, as required by law. Robust public engagement is essential.

    “Climate policy is yet another area where this Government is prioritising corporate interests over democratic accountability and the interests of working people.

    “Evidence is clear that a near-total focus on tree planting through vast pine forests is not a sufficient response – we must reduce emissions at source.

    “Alongside the weak emissions budget, in Budget 2025 we saw a total abdication of responsibility on climate change and ensuring a Just Transition for working people in an increasingly volatile world.

    “The NZCTU supports bold climate action to reduce emissions, adapt to the changing climate, and transition to a zero emissions economy that provides full employment for workers,” said Wagstaff.

    MIL OSI New Zealand News

  • MIL-OSI: EBC Financial Group and Brokeree Solutions Forge Strategic Knowledge Partnership to Empower Global Trading Community

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 09, 2025 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), a global leader in financial brokerage and asset management, is proud to announce a strategic knowledge partnership with Brokeree Solutions, a cutting-edge technology provider serving multi-asset brokers worldwide. This collaboration marks a significant milestone in EBC’s mission to build a transparent, education-driven investment community, bringing together two industry leaders to share expertise, innovative technologies, and actionable insights for the benefit of traders and investors around the globe.

    At the heart of this partnership is a joint commitment to knowledge sharing, with a strong focus on copy trading, a fast-evolving space that empowers both novice and seasoned traders. EBC and Brokeree will co-develop educational content and practical insights tailored to traders, brokers, and signal providers, helping them apply effective risk management tools, adopt best practices, and enhance their overall trading performance.

    “At EBC Financial Group, our mission is to build a transparent, inclusive investment community where traders are empowered through access to the right tools, insights, and education,” said David Barrett, CEO of EBC Financial Group (UK) Ltd. “This knowledge partnership with Brokeree Solutions goes beyond technology — it’s about leveraging shared expertise to create a more confident, results-driven trading environment. Together, we’re building a platform where both new and experienced traders can learn, grow, and thrive.”

    A Technology-Backed Knowledge Partnership

    Brokeree Solutions contributes its turnkey Social Trading investment system, enabling users to register as either professional traders or followers directly through a broker’s platform. The system features advanced stop-loss/take-profit controls, proportional trade copying, and symbol-specific signal filtering, all designed to support safe, flexible trading.

    EBC complements this with its global market expertise, investor-centric approach, and commitment to transparency, helping traders understand and apply copy trading as an educational tool, especially valuable in today’s complex financial landscape. By making professional-level tools accessible to a wider audience, the partnership transforms copy trading into a gateway for skill development and market participation.

    Content and Webinar Series to Strengthen Trading Knowledge

    As part of this knowledge-driven collaboration, EBC and Brokeree are introducing a monthly article series starting this May, covering a wide range of trading and investment topics. These insights will be designed to address real-world challenges faced by traders and provide actionable strategies to improve performance, risk control, and decision-making. Each article will tap into the shared expertise of both companies and will be published across digital channels to benefit the wider trading community.

    Additionally, the partnership will feature a quarterly webinar series, bringing traders, brokers, and signal providers together for deep-dive discussions on high-impact topics. The first webinar, launching soon, will explore Risk Management, a critical area for both individual and institutional traders. The session will examine practical techniques, platform-level risk tools, and best practices to help participants strengthen their trading discipline and capital protection.

    These initiatives aim not only to educate but also to foster engagement and dialogue within the trading community, ensuring that knowledge flows both ways, from experts to users, and from the front lines of trading back to those shaping the technology and strategy.

    “We value our clients’ trust in our technology and expertise. The partnership will provide traders and signal providers worldwide to examine advanced copy trading features that will help adjust copy trading strategy and increase the efficiency of risk management tools applied,” said Tatiana Pilipenko, Regional Head of Business Development (APAC, UK, Americas) at Brokeree Solutions. “This platform empowers brokers to cultivate a more inclusive and risk-informed trading environment, ultimately driving growth and strengthening relationships with trading communities.”
    This knowledge partnership underscores the shared vision of EBC and Brokeree: a future where technology, education, and transparency converge to empower traders worldwide. As financial markets grow increasingly complex, the collaboration aims to equip every trader – from beginners to experts – with the tools, confidence, and understanding they need to make smarter, more informed decisions.

    Through these collaborations, EBC and Brokeree are not just advancing the future of copy trading, they are laying the foundation for a more informed, connected, and resilient investment community.

    For more information on EBC and Brokeree, please visit https://www.ebc.com. and brokeree.com.

    Disclaimer:

    Trading Contracts for Difference (CFDs) entails a substantial risk of swift financial loss due to leverage, rendering it inappropriate for all investors; thus, a thorough evaluation of your investment objectives, expertise, and risk appetite is imperative prior to engagement.

    About EBC Financial Group  
    Founded in London’s esteemed financial district, EBC Financial Group (EBC) is renowned for its expertise in financial brokerage and asset management. With offices in key financial hubs—including London, Sydney, Hong Kong, Singapore, the Cayman Islands, Bangkok, Limassol, and emerging markets in Latin America, Asia, and Africa—EBC enables retail, professional, and institutional investors to access a wide range of global markets and trading opportunities, including currencies, commodities, shares, and indices.   

    Recognised with multiple awards, EBC is committed to upholding ethical standards and these subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC);  EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).  

    At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.   

    As the Official Foreign Exchange Partner of FC Barcelona, EBC provides specialised services across Asia, LATAM, the Middle East, Africa, and Oceania. Through its partnership with the UN Foundation and United to Beat Malaria, the company contributes to global health initiatives. EBC also supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, helping to demystify economics and its application to major societal challenges, fostering greater public understanding and dialogue.  

    https://www.ebc.com/ 

    About Brokeree Solutions

    Founded in 2013, Brokeree Solutions has consistently enhanced the technologies for multi-asset brokers worldwide. Leveraging extensive experience, the company contributed to the fintech area of the online trading industry by developing innovative solutions, streamlining operational procedures, and setting up advanced risk management systems.

    Brokeree’s flagship offerings include cross-platform Social Trading, Prop Pulse, Liquidity Bridge, and cross-server PAMM. Additionally, Brokeree provides over 50 solutions and tools designed to help brokers enhance their operations in areas such as account management, risk management, and liquidity management, accessible to brokers using MT4, MT5, cTrader, and DXtrade CFD trading platforms.

    brokeree.com

    Media Contact:
    Savitha Ravindran
    Global Public Relations Manager
    savitha.ravindran@ebc.com

    Michelle Siow
    Brand & Communications Director
    michelle.siow@ebc.com  

    The MIL Network

  • MIL-OSI Africa: Kenya pledges to accelerate efforts to boost intra-African trade

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

    NAIROBI, Kenya, June 9, 2025/APO Group/ —

    Kenya is working towards fast-tracking implementation of the African Continental Free Trade Area (AfCFTA) to unlock opportunities for businesses in the country across the continent.

    Speaking during the Kenya IATF2025 Business Roadshow event, Kenya’s Cabinet Secretary, Ministry of Investments, Trade and Industry, Hon. Lee Kinyanjui said the government is positioning and consolidating Kenya as a Trade, industrial and innovation hub to strategically tap into trade and investment opportunities presented by AfCFTA.

    “The solutions to Africa’s problems lie with Africans. It is essential for countries within the continent to strengthen intra-African trade.

    The IATF 2025 offers a vital platform to advance the AfCFTA agenda. With a well-educated population, abundant resources, and banks ready to finance investment, Africa has what it takes to elevate itself to the next level.,” the Cabinet Secretary said.

    The Kenya IATF2025 Business Roadshow attracted over 200 members of Kenya’s business community, including buyers, creatives, automotive sector players, policymakers and investors together with executives and officials of African Export-Import Bank (Afreximbank) and African Union Commission (AUC). It focused on exploring ways of promoting intra-African trade. The theme was Harnessing Regional and Continental Value Chains: Accelerating Africa’s Industrialisation and Global Competitiveness under the AfCFTA.

    Harnessing regional and continental value chains under the AfCFTA is crucial for Africa’s industrial growth and global competitiveness. By creating a large, integrated market, the AfCFTA encourages countries to tap into the continental market by scaling up productive capacity and add value to products, create an enabling environment, attracting investment and creating jobs. This boosts economic diversification, expand productive base, and supports Africa’s vision for sustainable and inclusive development.

    The roadshow is one of the five in the series of planned for Nairobi, Accra, Johannesburg, Lagos and Algiers ahead of the fourth edition of the biennial Intra-African Trade Fair (IATF2025) that will be held in Algiers, Algeria from 4 – 10 September 2025 under the theme Gateway to New Opportunities. IATF is Africa’s premier trade and investment event that serves as a crucial platform for fostering economic growth, collaboration, and innovation across the continent. Over the years, the IATF has established a track record as the premier African trade and investment platform and has achieved significant milestones since it was established in 2018 as an instrument to implement the AfCFTA Agreement. Hosted by the Government of Algeria and promoted by Afreximbank, in collaboration with the African Union Commission and the AfCFTA Secretariat, the IATF2025 event will provide businesses from Africa and beyond with a platform to showcase their goods and services and exchange trade and investment information.

    Addressing the forum, Afreximbank’s Executive Vice President, Global Trade Bank, Mr. Haytham Elmaayergi said: “One of the key objectives of the IATF is to address access to trade and market information for intra-African trade to take place. For instance, as a result of a lack of information on African production and supply, countries like Tunisia, Morocco and South Africa import in excess of around US$400 million worth of leather products, mainly from Europe and South America, while countries like Ethiopia, Kenya, and Sudan—which have the supply capacity to meet a substantial part of this demand—continue to export their leather products to markets in Europe and Asia.”

    “Kenya has rapidly emerged as a major force in digitalisation and innovation, both within the region and across Africa. The IATF presents a great opportunity for Kenyan Fintech companies, mobile money innovators and other technology companies to come together and showcase their ingenuity to diverse sectors on the continent. It could potentially help them scale beyond the Kenyan borders as well as attract investment to their respective businesses.” added Mr. Elmaayergi. 

    Mr Elmaayergi made a clarion call for businesses, public and private sector in Kenya to participate and showcase their goods and services in IATF2025, where more than 2,000 exhibitors, including businesses from the African continent and globally, will exchange trade, market and investment information and showcase their goods and services to over 35,000 visitors and buyers from more than 140 countries. This is projected to translate into over US$44 billion in trade and investment deals.

    IATF is a platform for boosting trade and investment in Africa. In the last three editions of IATF, over $100 billion in trade and investment deals have been closed cumulatively with over 70,000 visitors and more than 4,500 exhibitors participating.

    Some of the activities lined up for the week-long IATF2025 include a trade exhibition by countries and businesses; the Creative Africa Nexus (CANEX) programme with a dedicated exhibition and summit on fashion, music, film, arts and craft, sports, literature, gastronomy and culinary arts; a four-day Trade and Investment Forum featuring leading African and international speakers; and the Africa Automotive Show for auto manufacturers, assemblers, original equipment manufacturers and component suppliers.

    Special Days will also be held, dedicated for countries as well as public and private entities to showcase trade and investment opportunities, and tourism and cultural attractions, as well as Global Africa Day to highlight commercial and cultural ties between Africa and its diaspora, featuring a Diaspora Summit, market and exhibition, cultural and gastronomic showcase.

    Also planned is a business-to-business (B2B) and business-to-government (B2G) platform for matchmaking and business exchanges; the AU Youth Start-Up programme showcasing innovative ideas and prototypes; the Africa Research and Innovation Hub @ IATF targeting university students, academia and national researchers to exhibit their innovations and research projects; and the African Sub-Sovereign Governments Network (AfSNET) to promote trade, investment, educational and cultural exchanges at the local level. The IATF Virtual platform is already live, connecting exhibitors and visitors throughout the year.

    To participate in IATF2025 please visit www.IntraAfricanTradeFair.com.

    MIL OSI Africa

  • MIL-OSI China: China’s foreign trade maintains resilience despite headwinds

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

    China’s foreign trade demonstrated resilience in the first five months of 2025, with total trade value rising 2.5 percent year on year, driven by the country’s efforts to optimize its trade structure and stabilize growth.

    The growth rate marked an increase of 0.1 percentage points compared to that registered in the first four months of 2025. The total value of goods imports and exports in yuan-denominated terms stood at 17.94 trillion yuan (about 2.5 trillion U.S. dollars) in the January-May period, according to the General Administration of Customs (GAC) data released Monday.

    During the first five months of 2025, China’s exports rose 7.2 percent year on year to 10.67 trillion yuan while imports fell 3.8 percent to 7.27 trillion yuan, the data showed.

    An aerial drone photo shows vehicles to be exported at Yantai Port in east China’s Shandong Province, Jan. 2, 2025. [Photo/Xinhua]

    Strong resilience

    Lyu Daliang, director of the GAC’s Department of Statistics and Analysis, said China’s goods trade has maintained “relatively strong resilience” despite external pressures, as the country’s economy has continued its recovery trend since the beginning of the year.

    “In May, China’s foreign trade continued its growth trend, with the pace of expansion accelerating notably following the high-level China-U.S. economic and trade talks (held in Geneva last month),” the official said.

    In May alone, China’s total goods imports and exports in yuan-denominated terms rose 2.7 percent year on year. Goods exports rose 6.3 percent year on year, while imports went down 2.1 percent, according to the data.

    “In the face of a more complex and challenging international situation, China’s foreign trade has overcome difficulties and withstood pressure, maintaining stable growth and demonstrating strong resilience,” said Wang Xuekun, head of the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.

    This resilience has been underpinned by dedicated efforts to boost trade at the local level. In east China’s Jiangsu Province, the provincial government has pledged increased funding to support exporters’ participation in overseas exhibitions. Since the beginning of the year, it has helped more than 1,400 companies take part in over 120 exhibitions overseas.

    In southwest China’s Chongqing Municipality, cross-border freight vehicles carrying Chinese products, such as motorbike components and agricultural machinery, can reach Vietnam in as little as two days after clearing customs in Chongqing.

    Thanks to the timeliness and flexibility of the road transport corridor, Chongqing’s cross-border freight trucks transported goods worth 5.7 billion yuan in the first five months of 2025, marking a 4.3-fold increase year on year.

    An aerial drone photo taken on May 22, 2025 shows China-Europe freight train X8489 loaded with autos, machine parts and home appliances before its departure for Duisburg, Germany, in Xi’an, northwest China’s Shaanxi Province. [Photo/Xinhua]

    Structural improvements 

    Monday’s GAC data also showed continued structural improvements in China’s foreign trade. High-tech product exports performed strongly in the first five months of 2025, rising 6.1 percent year on year in U.S.-dollar term, while exports of mechanical and electrical products grew by 8.1 percent over the same period.

    In terms of trading partners, ASEAN remained China’s largest trading partner in the January-May period. During this period, trade between China and ASEAN totaled 3.02 trillion yuan, a year-on-year increase of 9.1 percent.

    During the same period, China’s trade with the European Union went up 2.9 percent year on year to nearly 2.3 trillion yuan, while its trade with the United States decreased by 8.1 percent year on year to 1.72 trillion yuan, according to the data.

    Trade with Belt and Road partner countries rose 4.2 percent to 9.24 trillion yuan, and trade with African countries hit a record high, with the China-Africa trade volume increasing 12.4 percent to 963.21 billion yuan during the period.

    Wang said that against the headwinds of rising unilateralism and protectionism, China would rise to the challenges and take multiple measures to properly handle trade frictions and stabilize foreign trade.

    According to him, these measures include seizing trade opportunities by diversifying trading partners and supporting Chinese exporters in exploring the domestic market through promotional campaigns and channels such as supermarkets and e-commerce platforms to sell high-quality foreign trade products.

    Wang also emphasized the need for greater support for foreign trade enterprises, calling for enhanced government efforts to help companies secure deals through matchmaking services at major trade exhibitions, as well as increased financing support. 

    MIL OSI China News

  • MIL-Evening Report: Starlink is transforming Pacific internet access – but in some countries it’s still illegal

    Source: The Conversation (Au and NZ) – By Amanda H.A. Watson, Fellow, Department of Pacific Affairs, Australian National University

    Solomon aligning the Starlink dish on the roof of his friend’s home in Vanuatu. Paul Basant

    In the past few years, Starlink’s satellite internet service has become available across much of the Pacific. This has created new challenges for regulators in Pacific Island countries: some have promoted Starlink while others have banned it.

    What is Starlink?

    Elon Musk founded the space technology company SpaceX in 2002, and owns about 44% of it.

    Among other projects, SpaceX has launched thousands of satellites into low-Earth orbit, where they circle the globe and enable internet connectivity at ground level. This service is offered through Starlink, a subsidiary of SpaceX.

    The first satellites were launched in 2019. Later the same year, Musk demonstrated the use of Starlink internet.

    It took a few years for access to be available in the Pacific region. The first known use was in Tonga in 2022, after a volcanic eruption and tsunami.

    Satellite internet in the Pacific

    Starlink is not the only company offering internet access via satellite technology. However, it is well known and has generated much interest in the Pacific.

    Other companies use satellites in low-Earth orbit, such as OneWeb. Another consumer offering comes from Kacific, which provides internet access via a geostationary satellite high above the Pacific. This type of satellite moves at the same speed as Earth spins, so it appears to stay in the same place from ground level.

    Starlink access is available in many of the 18 member countries of the Pacific Islands Forum, such as Fiji, Tonga and Vanuatu. In several of those, there are both resellers and retailers.

    Authorised resellers can sell Starlink products and services, meaning customers can buy Starlink kits and pay their monthly Starlink charges through these companies. Authorised retailers can only sell Starlink equipment.

    Gateways and barriers

    Nauru and Kosrae (a state in the Federated States of Micronesia) have recently launched more powerful Starlink connections called community gateways to improve internet access for their communities.

    Nauru’s gateway, reportedly the first in the Pacific, went live in December 2024. Kosrae’s followed in February 2025.

    In Niue, the government has banned the use of Starlink, warning users of fines or imprisonment for unauthorised use. Satellite provider Kacific continues to operate legally on the island.

    In Papua New Guinea, Starlink licensing is before the courts.

    Education and disasters

    Remote schools across Fiji and Solomon Islands are using Starlink services to improve connectivity in the hope it will enable access to online learning and digital resources. In Fiji, six rural schools now have internet access.

    In Malaita, in the Solomon Islands, Starlink is being used in classrooms, funded and supported by an initiative to make education more accessible. Kacific’s satellite internet service has also been used to connect schools in the Pacific.

    Starlink has been used for disaster communications. It is proving to be a crucial backup for undersea cables, which are vulnerable to natural disasters and service disruptions.

    Immediately after a 7.3 magnitude earthquake struck Vanuatu on December 17 2024, causing an outage of the country’s sole submarine cable, Starlink was used to maintain communication. As traditional internet services failed, more than 300 Starlink units were quickly deployed, restoring connectivity for residents, businesses and emergency services.

    Fast-moving change

    Governance responses to Starlink have differed across the Pacific, impacting access for consumers.

    Where Starlink has been approved, people can buy equipment and pay monthly usage fees in local currency.

    In some countries, Starlink has been approved but no local resellers or retailers have been established yet. In these cases, people can access the service by ordering a kit directly from the official Starlink website, which offers international shipping to approved locations.

    Internet access options across the Pacific are changing rapidly. In several countries, Starlink has not yet officially launched.

    Further change is likely. For now, governance of Starlink among Pacific countries remains a mixed bag.

    Amanda H.A. Watson receives research funding from the Australian government’s Department of Foreign Affairs and Trade through the Pacific Research Program.

    Atishnal Elvin Chand 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. Starlink is transforming Pacific internet access – but in some countries it’s still illegal – https://theconversation.com/starlink-is-transforming-pacific-internet-access-but-in-some-countries-its-still-illegal-257905

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Tuberville Introduces Legislation to Protect Women’s Sports at Military Service Academies 

    US Senate News:

    Source: United States Senator Tommy Tuberville (Alabama)

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) introduced legislation to prohibit men from participating in women’s athletic programs or activities at U.S. military service academies. This is the next step in Senator Tuberville’s years-long fight to protect women’s sports and preserve Title IX, which came under attack during the Biden administration. Earlier this year, Senator Tuberville’s Protection of Women and Girls in Sports Act came to the Senate floor for a vote and every single Democrat voted against it. 

    As Alabama’s representative on the Senate Armed Services Committee (SASC) and the Chairman of the SASC Personnel Subcommittee, Senator Tuberville has been a fierce advocate for getting woke politics out of the military. 

    “Our service academies should be focused on preparing the next generation of leaders, not woke indoctrination,” said Senator Tuberville. “Unfortunately, under Joe Biden and radical Democrats, the woke mind virus made its way into our great military. Thankfully, President Trump and Secretary Hegseth have refocused the Pentagon on lethality. Allowing men to compete against women in sports at any level is wrong—and it’s especially wrong to use taxpayer dollars to pay for it at our service academies. As a proud grandfather to Rosie Grace, this is personal for me. I won’t stop fighting until the rights of females in this country to enjoy safe, fair competition are protected.” 

    Read the bill text here.

    BACKGROUND:
    As a former educator, mentor, and coach for more than 40 years, Senator Tuberville is concerned about the future of girls’ and women’s sports. Senator Tuberville has been leading the fight to protect Title IX in the Senate since he was first sworn in, over four years ago. Earlier this year, President Trump signed an Executive Order protecting women’s sports. But unfortunately, Executive Orders can be reversed in future administrations. 

    In January 2025, Senator Tuberville re-introduced the Protection of Women and Girls in Sports Act, to preserve Title IX protections for female athletes. It was brought to the Senate floor for a vote, but every single Democrat voted against it. 

    In February 2025, Senator Tuberville re-introduced the Protection of Women in Olympic and Amateur Sports Act to prohibit any governing body recognized by the U.S. Olympic Committee from allowing men to participate in any athletic event intended for females. This bill comes ahead of the U.S. hosting the Olympics in Los Angeles in 2028. 

    MORE:

    ICYMI: Tuberville in OutKick: Defending and Protecting Women and Girls’ Sports

    Tuberville Thanks President Trump for Signing Executive Order Protecting Women’s Sports, Urges Senate to Bring Protection of Women and Girls in Sports Act to the Floor for a Vote

    Tuberville Discusses Importance of Protecting Women’s Sports, Boosting School Choice

    Tuberville, Risch Send Letter Urging Governors to Comply with President Trump’s Executive Order Protecting Women’s Sports

    Tuberville Sends Letter to California Governor Gavin Newsom Urging Him to Protect Women’s Sports in California Ahead of 2028 Summer Olympics in Los Angeles

    Tuberville: “Every Republican Voted to Protect Women, Every Democrat Voted Against It”

    Tuberville Continues Fight to Protect Women’s Sports and Female Athletics, Applauds House Passage of his Hallmark Title IX Legislation

    Tuberville Introduces Hallmark Legislation to Preserve Title IX, Protect Women’s Sports

    Tuberville Sponsors Resolution to Overturn Biden’s Attack on Title IX, Save Women’s Sports

    Tuberville Demands Answers on Biden Administration’s Radical Rewrite of Title IX

    Tuberville Demands Answers From NCAA, Dept of Ed on Title IX

    Tuberville Leads Roundtable on Protecting Title IX and Saving Women’s Sports

    ICYMI: Tuberville Recognizes 51st Anniversary of Title IX with Op-Ed in 1819 News

    Tuberville Op-ed in 1819 News: Title IX must be Protected to Keep Female Athletes on the Winning Side

    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

  • MIL-OSI United Nations: Secretary-General’s remarks at the opening of the UN Ocean Conference [bilingual, as delivered; scroll down for all-French]

    Source: United Nations

    Monsieur le Président de la République française, Cher Emmanuel Macron
    Señor Presidente de la República de Costa Rica, Estimado Rodrigo Chaves Robles
     
    Excellences, chers amis,
    Dear President of the French Republic, Dear Emmanuel Macron
    Mr. President of the Republic of Costa Rica, Dear Rodrigo Chaves Robles
    Excellencies, dear friends,
     
    Permettez-moi tout d’abord de remercier nos hôtes, les gouvernements de la France et du Costa Rica, d’avoir organisé cette conférence.
    Let me begin by thanking our hosts, the Governments of France and Costa Rica, for convening this conference.
     
    Et merci à tous d’être là, à Nissa la bella – ville à la mer d’azur et au ciel pur.
    And thank you all for being here, in “Nissa la bella” – city of azure seas and clear skies.
     
    Nous voici réunis sur les rives de la Méditerranée, carrefour de continents, de cultures et de commerce.
    We gather beside the Mediterranean –  a crossroads of continents, cultures, and commerce.
     
    Une mer qui, depuis des millénaires, est source de vie – et qui nous rappelle notre profonde dépendance à l’égard de l’océan.
    A sea that has sustained life for millennia –reminding us of our deep dependence on the ocean.
     
    L’océan produit la moitié de l’oxygène que nous respirons.
    The ocean generates half of the oxygen we breathe.  
     
    Il nourrit 3 milliards de personnes et fait vivre 600 millions d’autres.
    It feeds 3 billion people and sustains 600 million livelihoods.
     
    L’économie des océans a plus que doublé en 30 ans – et elle continue de croître.
    The ocean economy has more than doubled in 30 years – and keeps growing.
     
    Le transport maritime assure, à lui seul, plus de 80 % du commerce mondial.
    Maritime transport alone moves over 80 per cent of global trade.
     
    L’océan est notre bien commun par excellence.
    The ocean is the ultimate shared resource.
     
    Pourtant, nous sommes en train de le piller.
    But we are failing it.
     
    Les stocks de poissons s’effondrent.
    Fish stocks are collapsing.
     
    La surconsommation et la pêche illégale poussent des espèces au bord de l’extinction.
    Over-consumption and illegal fishing are pushing marine life to the brink.
     
    Chaque année, 23 millions de tonnes de plastique sont déversées dans les eaux et asphyxient les écosystèmes.
    Plastic pollution is choking ecosystems – with 23 million tonnes of waste entering waters every year.
     
    Les émissions de carbone provoquent l’acidification et le réchauffement des océans – détruisant les récifs de corail et accélérant la montée des eaux.
    Carbon emissions are driving ocean acidification and heating – destroying coral reefs and accelerating sea level rise.
     
    Si on ne change pas de cap, cette acceleration va submerger les deltas, detruire les récoltes et engloutir les littoraux, menaçant la survie même de nombreuses îles.
    If we do not change course, this rise will submerge deltas, destroy crops, and swallow coastlines – threatening many islands’ survival.
     
    L’océan absorbe désormais 90 % de l’excédent de chaleur piégé par les gaz à effet de serre.
    The ocean now stores 90 per cent of the excess heat trapped by greenhouse gases.
     
    Autant de symptômes d’un système en crise… et qui s’auto-alimente.
    These are symptoms of a system in crisis – and they are feeding off each other.
     
    Brisant les chaînes alimentaires… Anéantissant les moyens de subsistance… Augmentant l’insécurité.
    Unravelling food chains. Destroying livelihoods. Deepening insecurity.
     
    Cette insécurité est exacerbée par la criminalité : piraterie, trafic d’êtres humains, réseaux organisés et pillage des ressources volent des vies, freinent le développement et privent les communautés côtières de leurs droits.
    And insecurity is rising not only from natural forces – but from criminal ones.  Piracy, organized crime, human trafficking, and the looting of natural resources are threatening lives, undermining development, and robbing coastal communities of their rights.
     
    Ladies and gentlemen,
     
    Since the last UN Ocean Conference in Lisbon, we have seen progress.
     
    We have also seen a growing awareness of the deep interconnection between preserving biodiversity and marine ecosystems, combatting climate change, and stopping pollution.
     
    The Kunming-Montreal Global Biodiversity Framework set a bold pledge:
     
    To conserve and manage at least 30 per cent of marine and coastal areas by 2030.
     
    Member States also adopted the Agreement on Marine Biological Diversity of Areas beyond National Jurisdiction – a historic breakthrough.
     
    I urge all delegations to ratify it – and welcome good news delivered by President Macron and the momentum this Conference is generating toward its swift entry into force.
                    
    I also call on all countries to agree on an ambitious and legally binding treaty on plastic pollution – this year.
     
    It is essential to successfully conclude the agreement on fisheries currently discussed at World Trade Organization.
     
    The International Maritime Organization committed to reach net-zero emissions from shipping by 2050.
     
    And last year’s General Assembly Meeting on Sea Level Rise underscored that statehood and sovereignty cannot be undermined by rising seas.
     
    This proves multilateralism works – but only if we match words with action.
     
    By developing concrete national plans aligned with global targets;
     
    By harnessing science, driving innovation, and ensuring fair access to technology;
     
    By empowering fishers, Indigenous peoples, and youth;
     
    And above all, by investing.
     
    SDG 14 on life below water remains one of the least funded Sustainable Development Goals.
     
    This must change – through increased public finance, greater support from development banks, and bold models to unlock private capital. 
     
    I urge all countries to come forward with bold pledges.
     
    Small Island Developing States need support to build resilience and thrive in the blue economy.
     
    Many struggle to access healthy, affordable food –  underscoring the urgent need to restore local fisheries and strengthen ocean-based food systems.
     
    We must also strengthen maritime security as a pillar of sustainable development.
     
    And we must embed ocean priorities across climate, food systems and sustainable finance.
     
    Because without a healthy ocean, there can be no healthy planet.
     
    Finally, nations are also navigating new waters on seabed mining:
     
    I support the ongoing work of the International Seabed Authority on this important issue.
     
    The deep sea cannot become the Wild West.
     
    Ladies and gentlemen,
     
    We live in an age of turmoil, but the resolve I see here gives me hope.
     
    Hope that we can turn the tide.
     
    That we can move from plunder to protection.
     
    From exclusion to equity.
     
    From short-term exploitation to long-term stewardship.
     
    We know it’s possible.
     
    When we reached a global moratorium on commercial whaling, whale populations recovered.
     
    When we protect marine areas, life returns.
     
    Today, we have the opportunity to restore marine abundance.
     
    What was lost in a generation can return in a generation.
     
    The ocean of our ancestors – teeming with life and diversity – can be more than legend.
     
    It can be our legacy.
     
    I wish you a successful conference.
     
    Thank you.

    **** 

    [All-French]
     

    Monsieur le Président de la République française, Cher Emmanuel Macron
    Monsieur le Président de la République du Costa Rica, Cher Rodrigo Chaves Robles
     
    Excellences, chers amis,
     
    Permettez-moi tout d’abord de remercier nos hôtes, les gouvernements de la France et du Costa Rica, d’avoir organisé cette conférence.
     
    Et merci à tous d’être là, à Nissa la bella – ville à la mer d’azur et au ciel pur.
     
    Nous voici réunis sur les rives de la Méditerranée, carrefour de continents, de cultures et de commerce.
     
    Une mer qui, depuis des millénaires, est source de vie – et qui nous rappelle notre profonde dépendance à l’égard de l’océan.
     
    L’océan produit la moitié de l’oxygène que nous respirons.
     
    Il nourrit 3 milliards de personnes et fait vivre 600 millions d’autres.
     
    L’économie des océans a plus que doublé en 30 ans – et elle continue de croître.
     
    Le transport maritime assure, à lui seul, plus de 80 % du commerce mondial.
     
    L’océan est notre bien commun par excellence.
     
    Pourtant, nous sommes en train de le piller.
     
    Les stocks de poissons s’effondrent.
     
    La surconsommation et la pêche illégale poussent des espèces au bord de l’extinction.
     
    Chaque année, 23 millions de tonnes de plastique sont déversées dans les eaux et asphyxient les écosystèmes.
     
    Les émissions de carbone provoquent l’acidification et le réchauffement des océans – détruisant les récifs de corail et accélérant la montée des eaux.
     
    Si on ne change pas de cap, cette accélération va submerger les deltas, détruire les récoltes et engloutir les littoraux – menaçant la survie même de nombreuses îles.
     
    L’océan absorbe désormais 90 % de l’excédent de chaleur piégé par les gaz à effet de serre.
     
    Autant de symptômes d’un système en crise… et qui s’auto-alimente.
     
    La montée des eaux submerge les deltas, détruit les récoltes et engloutit les littoraux, menaçant la survie même de nombreuses îles.
     
    L’océan est pris au piège d’un cercle vicieux – victime et accélérateur du changement climatique.
     
    Brisant les chaînes alimentaires… Anéantissant les moyens de subsistance… Augmentant l’insécurité.
     
    Cette insécurité est exacerbée par la criminalité : piraterie, trafic d’êtres humains, réseaux organisés et pillage des ressources volent des vies, freinent le développement et privent les communautés côtières de leurs droits.
     
    Mesdames et Messieurs,
     
    Depuis la dernière Conférence des Nations Unies sur l’océan, qui s’est tenue à Lisbonne, des progrès ont été accomplis.
     
    Nous avons également vu une prise de conscience croissante des liens profonds entre la préservation de la biodiversité et des écosystèmes marins, la lutte contre le changement climatique et l’arrêt de la pollution.
     
    Le Cadre mondial de la biodiversité de Kunming-Montréal contient un engagement audacieux :
     
    Conserver et gérer au moins 30 % des zones marines et côtières d’ici à 2030.
     
    Les États Membres ont également adopté l’Accord portant sur la diversité biologique marine des zones ne relevant pas de la juridiction nationale, qui marque une avancée historique.
     
    J’exhorte toutes les délégations à ratifier cet accord et je me félicite des bonnes nouvelles partagées par le President Macron et de l’impulsion donnée par la Conférence pour en favoriser l’entrée en vigueur rapide.
     
    Par ailleurs, j’appelle tous les pays à s’entendre cette année sur un traité ambitieux et juridiquement contraignant sur la pollution plastique.
     
    Il est également essentiel de conclure avec succès l’accord sur la pêche actuellement discuté à l’Organisation mondiale du commerce.
     
    L’Organisation maritime internationale est résolue à faire en sorte que, d’ici à 2025, le transport maritime ne produise plus aucune émission nette.
     
    L’année dernière, durant la réunion de l’Assemblée générale sur l’élévation du niveau de la mer, il a été dit avec force que la montée des eaux ne saurait porter atteinte à la souveraineté et à l’intégrité des États.
     
    Toutes ces initiatives montrent que le multilatéralisme fonctionne, mais seulement si nous traduisons nos paroles en actes.
     
    En développant des plans nationaux concrets alignés sur les objectifs mondiaux.
     
    En exploitant la science, en stimulant l’innovation, et en garantissant un accès équitable à la technologie.
     
    En donnant des moyens d’action aux pêcheurs, aux populations autochtones, aux scientifiques et aux jeunes.
     
    Et, par-dessus tout, en investissant.
     
    L’objectif de développement durable no 14 relatif à la vie aquatique demeure l’un des objectifs de développement durable les moins bien financés.
     
    Les choses doivent changer. Pour cela, il faut augmenter les financements publics, accroître l’appui apporté par les banques de développement et favoriser l’afflux de capitaux privés grâce à des modèles de financement audacieux.
     
    J’exhorte tous les pays à prendre des engagements ambitieux [et je remercie ceux qui l’ont déjà fait].
     
    Les petits États insulaires en développement ont besoin d’aide pour renforcer leur résilience et prospérer dans l’économie bleue.
     
    Nombreux sont ceux qui peinent à se procurer une alimentation saine à un coût abordable, ce qui montre combien il est urgent de restaurer les pêches locales et de renforcer les systèmes alimentaires basés sur l’océan.
     
    Nous devons également renforcer la sécurité maritime qui est l’un des piliers du développement durable.
     
    Nous devons intégrer les priorités liées à l’océan dans toutes nos activités touchant le climat, les systèmes alimentaires et la finance durable.
     
    Car sans un océan en bonne santé, il ne peut y avoir de planète en bonne santé.
     
    Enfin, l’exploitation minière des fonds marins pose aux pays de nouveaux défis.
     
    Je soutiens les travaux en cours de l’Autorité internationale des fonds marins sur cet enjeu important.
     
    Les grands fonds ne peuvent pas devenir un Far West.
     
    Mesdames et Messieurs,
     
    Nous vivons une époque de troubles, mais la détermination que je constate ici me donne de l’espoir.
     
    J’espère que nous pourrons redresser la situation.
     
    Que nous pourrons remplacer le pillage par la protection.
     
    L’exclusion par l’équité.
     
    La surexploitation à court terme par la bonne gestion à long terme.
     
    Nous savons que c’est possible.
     
    Lorsque nous sommes parvenus à un moratoire mondial sur la chasse commerciale à la baleine, les populations de baleines se sont reconstituées.
     
    Lorsque nous protégeons des aires marines, la vie revient.
     
    Aujourd’hui, nous avons la possibilité de redonner à l’océan son abondance.
     
    Ce qui a été perdu en l’espace d’une génération peut renaître en l’espace d’une autre.
     
    L’océan qu’ont connu nos ancêtres, qui regorgeait de vie et de diversité, peut être davantage qu’une légende.
     
    Il peut être notre héritage.
     
    Que votre conférence soit couronnée de succès.
     
    Je vous remercie.

    MIL OSI United Nations News

  • MIL-OSI New Zealand: Legislation introduced to restrict farm-to-forest conversions

    Source: New Zealand Government

    Today Agriculture and Forestry Minister Todd McClay introduced long awaited legislation that will put a stop to large-scale farm-to-forestry conversions – delivering on a key election promise to protect the future of New Zealand food production.
    “For too long, productive sheep and beef farms have been replaced by pine trees in the race for carbon credits. That ends under this Government,” Mr McClay says.
    “The Climate Change Response (Emissions Trading Scheme – Forestry Conversions) Amendment Bill will restrict wholesale conversions of farmland to exotic forestry by stopping LUC 1-5 land from entering the ETS and capping new ETS registrations on LUC 6 land.
    “It will also protect farmers’ ability to diversify – allowing up to 25 per cent of a farm to go into trees, while stopping the kind of blanket ETS planting that’s been gutting rural communities in places like the East Coast, Wairarapa, the King Country, and Southland.”
    As previously announced the new restrictions will take effect from 4 December 2024. The law will:

    Restrict farm conversions to exotic ETS forests on high-to-medium versatility farmland (LUC classes 1-6)
    A limit of 15,000 hectares per year for exotic conversions on medium versality farmland (LUC class 6)
    The annual limit of 15,000 hectares for LUC 6 farmland will be allocated by a ballot process, including a reserved quota for small block holders, with the first ballot proposed to be held in mid-2026.
    Allow for up to 25 per cent of a farm’s LUC 1-6 land to still be planted in exotic forestry for the ETS, ensuring farmers retain flexibility and choice.
    Protect specific categories of Māori-owned land, in line with Treaty obligations
    The Bill proposes time-limited transitional exemptions in rare cases for people who were in the process of afforestation prior to these changes originally being announced on 4 December 2024.
    To be eligible for a transitional exemption, applicants need to show sufficient evidence that they made a qualifying forestry investment between 1 January 2021 and 4 December 2024.
    Transactions that commenced after this date will not be eligible to register in the ETS.  
    The applicant will need to demonstrate that the investment relates to the specific Land Use Capability (LUC) class 1–6 land they are applying to register in the ETS.
    Registry of 25 per cent of LUC 1-5 land will be registered against the properties title to restrict further planting as a result of subdivision. 

    “Labour’s careless ETS settings turbocharged the sell-off of our farming base. They let speculators put short-term profits ahead of long-term food production. That was careless – and it ends now,” Mr McClay says.
    “This Government is backing farmers, restoring balance, and making sure the ETS doesn’t come at the cost of New Zealand’s rural economy.
    “This policy is pro-farming, pro-food production, pro-commercial forestry and pro-rural New Zealand.”
    The legislation is now before Parliament and is to come into force October 2025.
    For more information: Forestry ETS Changes

    MIL OSI New Zealand News

  • MIL-OSI: Five Star Bank expands Bay Area presence with new office in Walnut Creek

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CORDOVA, Calif., June 09, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, today announced the planned opening of its newest office in Walnut Creek, marking a significant expansion of its Bay Area footprint.

    “Fueled by post-pandemic migration and a vibrant small business sector, Walnut Creek has experienced steady commercial growth and rising demand for high-tech and high-touch financial services,” said Executive Vice President / San Francisco Bay Area President, DJ Kurtze. “With existing client relationships in Walnut Creek — including local favorites like in-coming Original Joe’s and Calicraft Brewing Co., — Five Star Bank is seizing the opportunity to provide responsive banking solutions to more East Bay clients.”

    Five Star Bank’s Walnut Creek expansion builds on its broader growth strategy, following the opening of its San Francisco office in September 2024, and demonstrates its commitment to strategic investment in Northern California. The approximately 4,128 square foot, full-service branch will be located at The Plaza at Walnut Creek at 1333 North California Boulevard, Suite 510, in Walnut Creek. The new Walnut Creek office, which is expected to open in the third quarter of 2025, allows Five Star Bank to better serve its growing portfolio of clients in the region, ranging from family-owned businesses to professional service firms shaping the local economy. The space will also accommodate the bank’s growing team, with approximately one-third of its Bay Area employees already based in the East Bay.

    “We are very pleased to open a new office in Walnut Creek which serves as a natural extension of Five Star Bank’s commitment to the dynamic communities of the East Bay,” said Five Star Bank President and Chief Executive Officer, James Beckwith. “Walnut Creek’s thriving business landscape, highly skilled workforce and strong community values make it an ideal location for us to expand our presence. This office enhances our ability to deliver personalized, relationship-based banking while supporting continued growth for our clients and our team. We’re proud to invest in a city that reflects the future of the Bay Area.”

    About Five Star Bancorp
    Five Star Bancorp is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The bank has eight branches in Northern California. For more information, visit https://www.fivestarbank.com.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phrases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company’s forward-looking information and statements proves incorrect, then the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company’s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 under the section entitled “Risk Factors,” and other documents filed by the Company with the Securities and Exchange Commission from time to time.

    The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

    Investor contact
    Heather C. Luck, Chief Financial Officer
    Five Star Bancorp
    (916) 626-5008
    hluck@fivestarbank.com

    Media contact
    Shelley R. Wetton, Chief Marketing Officer
    Five Star Bancorp
    (916) 284-7827
    swetton@fivestarbank.com

    The MIL Network

  • MIL-OSI Australia: Grassroots solutions key to boosting health support for Aussie bush kids

    Source:

    10 June 2025

    Children in rural Australia are missing out on critical early health supports, with limited access to allied health services putting them at greater risk of lifelong developmental challenges.

    Now, new research from the University of South Australia shows that local communities hold the key to improving health outcomes for Aussie bush kids.

    In the first study to bring together global literature, researchers assessed what helps or hinders health care in rural areas, finding that place-based strategies – those designed around the unique needs and strengths of each community – are better positioned to support rural children and their families.

    Place-based health strategies are developed in partnership with community stakeholders and delivered outside traditional clinical settings – often in schools or homes – with teachers and parents playing an active role.

    In Australia, about 7 million people – or  28% of the Australian population – live in rural and remote areas.

    UniSA researcher and PhD candidate, Georgia Gosse, says governments must work with rural communities, including children, to ensure that country kids get the heath care they need.

    “All children have the right to quality healthcare. But those who live outside of metropolitan centres are distinctly and unfairly disadvantaged,” Gosse says.

    Children in rural or remote areas are four times more likely to be developmentally vulnerable than metropolitan children and less likely to access the health services they need.

    “Without access to timely and appropriate allied health services – like physio, occupational therapy or speech therapy – children with developmental delays can struggle to meet full potential.

    “Allied health services are vital to putting children on the road to healthy development; but accessing one of these professionals in the bush is like herding cats. Our research is trying to change this.”

    Gosse says that new rural health services are often driven by a lack of access to existing services – whether due to long waiting lists, geographical isolation, or a shortage of allied health professionals in rural areas.

    “Our study found that strategies co-designed and delivered with local communities are especially effective for rural families. They take place in familiar settings – such as homes or schools – and work closely with communities to respect local needs and cultural sensitivities,” Gosse says.

    “But these strategies also face challenges: parents or carers may not have the time or knowledge to support therapy at home, and teachers are often stretched with limited resources at school.

    “It’s a complex issue, and while there’s no quick fix, the evidence strongly supports working alongside local communities – including children as the end users – to shape and deliver effective solutions.”

    Amid renewed calls for a National Rural Health Strategy, the findings provide valuable insights to guide much needed dollars into community-led, rural health initiatives.

    Senior researcher, UniSA’s Professor Saravana Kumar says, children’s needs must be at the heart of any new initiatives.

    “To improve health outcomes for rural communities, we must deliver child-centred, place-based care that’s co-designed with local communities,” Prof Kumar says.

    “We need to leverage the strengths of the local community, respect lived realities, and ensure that health services are built for the people who use them.

    “Importantly, children’s voices must underpin the design and implementation of any models of care.

    “This is about designing care that works with communities, not just for them. Because when we get it right for our bush kids, we’re getting it right for the future.”

    The research has also been synthesised into an interactive evidence-informed decision-making tool to help clinicians quickly identify and understand the key drivers, enablers, and barriers to different models of care in rural areas.

    To access this free tool, click here: https://unplex.com.au/evidence-informed-decision-making-tool/

    …………………………………………………………………………………………………………………………

    Contact for interview:  George Gosse E: Georgia.Gosse@unisa.edu.au
    Media contact: Annabel Mansfield M: +61 479 182 489 E: Annabel.Mansfield@unisa.edu.au

    Other articles you may be interested in

    MIL OSI News

  • MIL-OSI: CEA Industries Enters Canadian Vape Market with Completion of Fat Panda Acquisition

    Source: GlobeNewswire (MIL-OSI)

    Closes Acquisition of Leading Vape Operator with 33 Locations and Over 50% Market Share in Central Canada

    Adds High-Margin, CAD $38.5 Million Revenue Platform to Accelerate Growth and Drive Shareholder Value

    Conference Call Scheduled for June 11, 2025 at 4:30pm ET to Review the Supporting Investor Presentation on the CEA Industries Website

    Louisville, Colorado, June 09, 2025 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), today announced the completion of its acquisition of Fat Panda Ltd. (“Fat Panda”), Central Canada’s largest independent vape retailer and vertically integrated manufacturer. The acquisition accelerates CEA’s strategic diversification while establishing a scalable platform in one of the fastest-growing sectors of the regulated nicotine market.

    Founded in 2013, Fat Panda operates 33 high-traffic retail locations across Manitoba, Ontario, and Saskatchewan, supported by a national e-commerce platform. The company’s vertically integrated model includes ISO-certified manufacturing facilities for its e-liquid production and direct supplier relationships, enabling product consistency, streamlined sourcing, and improved cost structure. With over 50% regional market share and a loyal customer base, Fat Panda generated approximately CAD $38.5 million (USD $28.5 million) in revenue with 39% gross margins and CAD $8.0 million (USD $5.9 million) (before ownership distributions) in adjusted EBITDA in the fiscal year ended April 30, 2024, based on preliminary unaudited results.

    “This acquisition marks a significant milestone for CEA as we expand into a dynamic, high-growth regulated vertical benefiting from strong consumer demand,” said Tony McDonald, Chairman and CEO of CEA Industries. “Fat Panda brings an established brand, experienced leadership, and a highly profitable operating model that can be rapidly scaled with our capital and strategic support. Importantly, this acquisition exemplifies our commitment to identifying accretive opportunities that can unlock meaningful long-term value for our shareholders.”

    “Joining CEA Industries provides the financial strength and operational support to accelerate our vision,” said Jordan Vedoya, Co-Founder and President of Fat Panda. “We are excited to deepen our footprint, elevate our e-commerce presence, and continue delivering value through Fat Panda’s customer-centric approach across Canada’s regulated vape industry.”

    Fat Panda will operate under its existing brand led by the current management team to ensure a seamless transition with uninterrupted operations. Mr. Vedoya will also lead integration efforts and spearhead expansion across both retail and digital channels.

    Strategic Benefits of the Transaction

    • Leads Central Canada’s Regulated Vape Market – Fat Panda operates 33 corporate-owned stores across three provinces with over 50% regional market share, establishing immediate category leadership.
    • Expands Scalable Omnichannel Platform – Combines a national e-commerce footprint with high-traffic retail locations, driving over CAD $2 million in annual online sales.
    • Drives Margin Accretion Through Vertical Integration – In-house manufacturing and direct supplier relationships support 39% gross margins and CAD $8.0 million in adjusted EBITDA in fiscal year 2024.
    • Establishes Durable Competitive Moat – Proprietary product formulations, a robust trademark portfolio, and regulatory alignment under the Tobacco and Vaping Products Act (TVPA) differentiate Fat Panda in the dynamic regulatory landscape.
    • Enables Platform Growth Through Expansion and M&A – With CEA Industries capital and strategic support, Fat Panda is positioned to open new locations, acquire complementary retailers, and scale profitably across Canada.

    Transaction Terms

    The CAD $18.0 million (USD $12.6 million) purchase price comprises approximately CAD $12.1 million in cash, 39,000 shares of CEAD common stock with an agreed value of CAD $700,000, and seller notes totaling CAD $2.56 million. A portion of the purchase price was funded by a short-term loan from a United States based lender in the amount of USD $4.0 million, which is due in six months. In addition, CAD $2.6 million has been placed in escrow to support post-closing adjustments, indemnity obligations, and employee-related matters.

    Conference Call and Investor Presentation

    CEA Industries will host a conference call to discuss the acquisition and strategic implications for the Company on Wednesday, June 11, 2025 at 4:30pm ET. A live webcast and accompanying investor presentation will be available on the Investor Relations section of the Company’s website at www.ceaindustries.com.

    To access the call, please use the following information:

    A replay of the webcast will be available shortly after the event and archived online.

    About CEA Industries Inc.

    CEA Industries Inc. (NASDAQ: CEAD) is a growth-oriented company focused on building category-leading businesses in regulated consumer markets. With a focus on the high-growth, Canadian nicotine vape industry, one of the fastest-expanding segments of the global nicotine market, CEA Industries targets scalable operators with strong regulatory alignment, defensible market share, and high-margin business models. The Company provides capital, operational expertise, and strategic resources to accelerate retail expansion, strengthen e-commerce infrastructure, and drive long-term value creation in performance-driven sectors. For more information, visit www.ceaindustries.com.

    Forward Looking Statements

    This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in “Risk Factors” set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (“SEC”), and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to CEA’s website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

    Non-GAAP Financial Measures

    To supplement our financial results on U.S. generally accepted accounting principles (“GAAP”) basis, we use non-GAAP measures including net bookings and backlog, as well as other significant non-cash expenses such as stock-based compensation and depreciation expenses. We believe these non-GAAP measures are helpful in understanding our past performance and are intended to aid in evaluating our potential future results. The presentation of these non-GAAP measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for financial information prepared or presented in accordance with GAAP. We believe these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business.

    Investor Contact:

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    info@ceaindustries.com
    (720) 330-2829

    The MIL Network

  • MIL-OSI USA: Reps. David Scott, Scanlon, Frost, and Adams Introduce Legislation to Expand Student Access to Music and Arts Education

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    WASHINGTON D.C. — Today, Congressman David Scott (GA-13), alongside Congresswoman Mary Gay Scanlon (PA-05), Congressman Maxwell Frost (FL-10), and Congresswoman Alma Adams (NC-12), announced the introduction of the Reimagining Inclusive Arts Education Act. The bill expands access to music and arts education for students across the nation, particularly in historically underserved and underfunded communities.

    The Reimagining Inclusive Arts Education Act will provide Department of Education grants to support the professional development of arts educators. The bill allows program funding that expands inclusive curricula, innovative adaptation of lesson plans, and unique arts lesson accommodations for a wider variety of students. Importantly, the bill prioritizes funding for Title I schools to ensure educators with fewer resources have access to professional development opportunities.

    “Decades of research show that students who are involved in arts education perform better academically, have improved emotional well-being, and are better prepared for careers in a 21st-century economy,” said Congressman David Scott. “Regardless of their abilities, students deserve equal access to visual Arts, theatre, dance, and music, all of which are all integral components to a well-balanced curriculum. The Reimagining Inclusive Arts Education Act will provide arts educators with the tools needed to make their lessons accessible to all students. The bill has the capacity to push young minds to think critically and socialize—skills that are crucial for students with disabilities who may be left out of other avenues of expression.”

    “Art programs in schools can provide important benefits for intellectual development – especially for young people with disabilities,” said Congresswoman Mary Gay Scanlon. “Unfortunately, many schools lack basic resources and funding to maintain these programs. I’m proud to partner with Reps. Scott, Frost, and Adams on this legislation to help our schools fill the funding gaps, ensure equitable accessibility for students with disabilities, and set up our children for success in the future.”

    “The arts provide a platform for creativity and solidarity, and as someone who attended an arts school growing up, I know how important it is for students to have the space and opportunity to express themselves. By making intentional investments in our arts educators and therapists, we ensure that every student, especially those with disabilities, can harness their creativity and thrive,” said Congressman Maxwell Frost. “I’m proud to cosponsor this Reimagining Inclusive Arts Education Act so we can build a more inclusive, accessible arts education system where every student can experience the power and joy of the arts.”

    “As a former art professor of 40 years, I’ve seen firsthand the profound impact arts have when they’re accessible to everyone,” said Congresswoman Alma Adams. “Every student, no matter ability, should have the opportunity to have arts in their life. I’m proud to support the Inclusive Arts Education Act so we can create inclusive, art-filled classrooms in schools across the country.”

    “The National Association for Music Education (NAfME) stands in strong support of the Reimagining Inclusive Arts Education Act, reintroduced by Congressman David Scott (GA-13)” said NAfME President Deb Confredo. “This bill speaks to the fundamental right of all children to effective arts education. Grants stemming from this bill would fund professional development for arts educators and creative arts therapists in their mission to provide innovative, inclusive, high quality, and accessible arts education experiences for all and, in particular, those children with disabilities. Research demonstrates that the outcomes of systematic and purposeful arts education are highly positive and far-reaching, often fostering growth in social skills, problem solving, creativity, team building, and cooperation, while physical, mental, and emotional health are often fortified. Funds designated through this bill would substantiate that the arts benefit all children, and especially those with disabilities. NAfME urges the 119th Congress to adopt this legislation as an investment in humanity and a demonstration of the belief in unity made more attainable through the arts.”

    “The American Music Therapy Association is very pleased to support the Reimagining Inclusive Arts Education Act,” stated Judy Simpson, Director of Government Relations. “This important legislation will support innovative and inclusive creative arts therapies provided by credentialled music therapists, art therapists, dance/movement therapists, and drama therapists for children with disabilities.  Expanding opportunities for these unique learning interventions will improve students’ ability to successfully access education and achieve academic goals.”

    “The Reimagining Inclusive Arts Education Act opens doors for students with disabilities to engage fully in high-quality arts education,” said Erin Harkey, CEO of Americans for the Arts. “This legislation strengthens mental health, boosts academic success, and nurtures the development of well-rounded individuals. We’re proud to support Congressman Scott’s leadership in advancing professional development for arts educators and creative arts therapists—building more inclusive classrooms where all students can succeed.”

    Endorsing Organizations: American Music Therapy Association, Americans for the Arts, Arkansas Music Education Association, Arts Alliance Illinois, Arts Ed NJ, Arts Education in Maryland Schools, Arts North Carolina, California Music Education Association, Council of Administrators of Special Education, Cure SMA, DC Music Education Association, Delaware Music Educators Association, Education Theatre Association, El Sistema USA, The Feierabend Association for Music Education, Florida Music Education Association, Georgia Music Educators Association, Guitars and Ukes in the Classroom, Hip-Hop Education Center, Ingenuity Inc., JazzSLAM, J.W. Pepper, Kansas Music Educators Association, Kentucky Music Educators Association, Kindermusik International, The Lang Lang International Music Foundation, League of American Orchestras, Maryland Music Educators Association, Massachusetts Music Educators Association, Mental Health Association of Central Florida, Michigan Music Educators Association, Montana Music Educators Association, Music Teachers National Association, Music Travel Consultants, Music Will, National Arts Education Association, National Association for Media Arts Education, National Association for Music Educators, National Center for Learning Disabilities, National Dance Education Organization, National Down Syndrome Congress, National Guild for Community Arts Education, National Music Council of the United States, Nevada Music Educators Association, New Hampshire Music Educators Association, New Jersey Music Educators Association, New York State School Music Association, North Carolina Music Education Association, Ohio Music Educators Association, OPERA America, Oregon Music Educators Association, Pennsylvania Music Educators Association, Percussive Arts Society, Rhode Island Music Educators Association, Save the Music, South Dakota Music Educators Association, Springfield Symphony Orchestra, TASH, Utah Music Educators Association, Vermont Music Educators Association, Vermont Music Educators Association, The Viscardi Center and Henry Viscardi School, Young Audiences Arts for Learning

    Full text of the bill can be found HERE.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Chinese National Pleads Guilty to Acting at the Direction of North Korea to Export Firearms, Ammo, and Technology to North Korea

    Source: US State of California

    An illegal alien from China pleaded guilty today to federal criminal charges for illegally exporting firearms, ammunition and other military items to North Korea by concealing them inside shipping containers that departed from the Port of Long Beach, California, and for committing this crime at the direction of North Korean government officials, who wired him approximately $2 million for his efforts.

    Shenghua Wen, 42, of Ontario, California, pleaded guilty to one count of conspiracy to violate the International Emergency Economic Powers Act (IEEPA) and one count of acting as an illegal agent of a foreign government. Wen has been in federal custody since his arrest in December 2024.

    According to his plea agreement, Wen is a citizen of the People’s Republic of China who entered the United States in 2012 on a student visa and remained in the U.S. illegally after his student visa expired in December 2013.

    Prior to entering the United States, Wen met with officials from North Korea’s government at a North Korean embassy in China. These government officials directed Wen to procure goods on behalf of North Korea.

    In 2022, two North Korean government officials contacted Wen through an online messaging platform and instructed him to buy and smuggle firearms and other goods – including sensitive technology – from the United States to North Korea via China.

    In 2023, at the direction of North Korean government officials, Wen shipped at least three containers of firearms out of the Port of Long Beach to China en route to their ultimate destination in North Korea. Wen took steps to conceal that he was illegally shipping firearms to North Korea by, among other things, filing false export information regarding the contents of the containers.

    In May 2023, Wen purchased a firearms business in Houston, paid for with money sent through intermediaries by one of Wen’s North Korean contacts. Wen purchased many of the firearms he sent to North Korea in Texas and drove the firearms from Texas to California, where he arranged for them to be shipped.

    In December 2023, one of Wen’s weapons shipments – which falsely reported to U.S. officials that it contained a refrigerator – left the Port of Long Beach and arrived in Hong Kong in January 2024. This weapons shipment was later transported from Hong Kong to Nampo, North Korea.

    In September 2024, Wen – once again acting at the direction of North Korean officials – bought approximately 60,000 rounds of 9mm ammunition that he intended to ship to North Korea.

    In furtherance of the conspiracy and at the direction of North Korean officials, Wen also obtained sensitive technology that he intended to send to North Korea. This technology included a chemical threat identification device and a handheld broadband receiver that detects known, unknown, illegal, disruptive or interfering transmissions.

    Wen also acquired or offered to acquire a civilian airplane engine and a thermal imaging system that could be mounted on a drone, helicopter, or other aircraft, and could be used for reconnaissance and target identification.

    During the scheme, North Korean officials wired approximately $2 million to Wen to procure firearms and other goods for their government.

    Wen admitted that at all relevant times he knew that it was illegal to ship firearms, ammunition, and sensitive technology to North Korea. He also admitted to never having the required licenses to export ammunition, firearms, and the above-described devices to North Korea. He further admitted to acting at the direction of North Korean government officials and that he had not provided notification to the Attorney General of the United States that he was acting in the United States at the direction and control of North Korea as required by law.

    Wen faces a maximum penalty of 20 years in prison on the count of violating the IEEPA and a maximum penalty of 10 years in prison on the count of acting as an illegal agent of a foreign government. Sentencing is scheduled for Aug. 18. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Assistant Attorney General for National Security John Eisenberg, U.S. Attorney Bilal A. Essayli for the Central District of California, and Assistant Director Roman Rozhavsky of the FBI Counterintelligence Division made the announcement.

    The FBI, Homeland Security Investigations, Defense Criminal Investigative Service (DCIS), the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Department of Commerce Bureau of Industry and Security (BIS) are investigating the case.

    Assistant U.S. Attorney Sarah E. Gerdes for the Central District of California and Trial Attorney Ahmed Almudallal of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case.

    MIL OSI USA News