Category: Trade

  • MIL-OSI USA: Attorney General Bonta, Business Leaders Engage in Roundtable Discussion Addressing the Impact of Tariffs on California Industries

    Source: US State of California

    SAN FRANCISCO — California Attorney General Rob Bonta today hosted business leaders on the front lines of the tariff war for a roundtable conversation to discuss the impacts of tariffs on industries across California. The roundtable in San Francisco comes on the heels of California filing a lawsuit against the Trump Administration for its imposition of illegal and chaotic tariffs, and included leaders with a birds-eye view of industries spanning workforce development, global trade, transportation, housing development, and local economies and small businesses. President Trump’s erratic tariffs are wreaking havoc on the U.S. financial system and causing uniquely immense harm to California’s economy, which as the fourth largest economy in the world, remains a major driver of our national economy. 

    The tariffs challenged under California’s current lawsuit are projected to shrink the U.S. economy by $178 billion, cost California consumers $25 billion, and result in the loss of over 64,000 jobs throughout California.  

    “The Trump Administration’s chaotic tariffs have sent shockwaves through financial markets, businesses, and consumers in every corner of the globe — and especially here in California, home to the fourth largest economy in the world,” said Attorney General Rob Bonta. “Today, I heard from leaders on the front lines concerned about the disastrous impact of tariffs on their industries and businesses. These folks are the bellwethers for our state and have sounded the alarm — I thank them deeply for their time and candor. California will continue to fight on all fronts to end President Trump’s illegal tariffs and restore certainty and vibrancy to our economy.” 

    “Dramatic shifts in trade policy and increases in tariff costs can cause disruptions which threaten millions of jobs and billions of dollars in local, state and federal tax revenue,” said Jennifer Cohen, Vice President of Government Relations for the Pacific Merchant Shipping Association. “It is critical that we avoid volatility and uncertainty in the marketplace that impedes American access to essential goods, components used in US manufacturing, and export markets for agriculture. The importance of maintaining the integrity of the ports and maritime supply chains on the US West Coast that undergird our international commercial relationships are vital to all Americans, not just Californians.”

    “Uncertainty is never a good thing for businesses of any size, especially those with limited resources who cannot ride out wild fluctuations — particularly in the pricing and availability of goods and services. Small businesses are the heart of our local economies and communities, and operate on razor thin margins. When you combine higher operational costs with the fact that consumers are pulling back on purchases as prices rise, the result is devastating,” said Peter Katz, Co-Chair Silicon Valley Chamber Coalition. “Already, a significant number of family owned restaurants and merchants have seen increased expenses in essential supplies, from food costs to packaging to raw materials. These businesses do not have the luxury of waiting months — or years — for things to normalize.”  

    Attorney General Bonta is committed to challenging the illegal tariffs that threaten California jobs, businesses, and consumers. On April 16, Attorney General Bonta and Governor Newsom filed a lawsuit challenging President Trump’s unlawful use of power to impose tariffs and direct agencies within the administration to implement and enforce those tariffs without the consent of Congress. Last week, California filed a motion for a preliminary injunction with the U.S. District Court for the Northern District of California to stop the Trump Administration’s illegal tariffs while litigation in their case proceeds and filed an amicus brief in the Court of International Trade in Oregon v. Trump, another case also challenging President Trump’s illegal imposition of tariffs. 

    More information about the lawsuit can be found here. 

    MIL OSI USA News

  • MIL-OSI Russia: European stocks plummet after Trump threatens 50 percent tariffs on EU imports

    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

    BERLIN, May 23 (Xinhua) — European stocks fell sharply on Friday after U.S. President Donald Trump escalated trade tensions with the European Union by announcing sweeping new tariffs and threatening Apple, reigniting investor fears about the economic impact of a renewed transatlantic trade war.

    D. Trump wrote on a social network that he recommends introducing 50 percent tariffs on all goods imported from the EU starting June 1, explaining this decision by the fact that negotiations with Brussels have reached an impasse.

    “Trade talks are going nowhere,” the American leader said, adding that the EU “was created with the main purpose of benefiting from trade with the United States.”

    Markets reacted swiftly. Europe’s STOXX 600 fell 2.16 percent to 537.39 before paring some of its losses. National indices were also hit hard, with Italy’s FTSE MIB, Germany’s DAX, France’s CAC 40 and Spain’s IBEX 35 all down more than 2 percent. The DAX fell to a two-week low, briefly touching 23,325.5 during the session.

    “This latest threat is worse than the worst-case scenario,” said Fiona Cincotta, senior market analyst at City Index. –0–

    MIL OSI Russia News

  • India pushes for removal of export controls among BRICS nations

    Source: Government of India

    Source: Government of India (4)

    India has urged the removal of export controls among BRICS member nations during the BRICS Trade Ministers’ Meeting held on May 21 in Brasilia under Brazil’s presidency. The meeting, centered around the theme “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance,” served as a platform for India to advocate for enhanced intra-bloc trade cooperation and mutual support.

    Looking ahead to its upcoming BRICS presidency in 2026, India praised Brazil’s pragmatic and consensus-driven approach in navigating key trade challenges and promoting constructive dialogue among member countries.

    Representing India at the meeting, Economic Adviser in the Department of Commerce, Yashvir Singh emphasized the need to eliminate restrictive trade measures that disrupt critical supply chains.

    A significant outcome of the meeting was the endorsement of a Joint Declaration accompanied by three annexures: the BRICS Declaration on WTO Reform and Strengthening of the Multilateral Trading System, the BRICS Data Economy Governance Understanding, and the BRICS Trade and Sustainable Development Framework. These key documents reflect BRICS’ shared commitment to an equitable, inclusive, and rules-based global trade architecture. The declaration also warned against the misuse of climate-related trade measures, cautioning that such actions should not become tools of unjustified discrimination or disguised trade restrictions.

    Delivering a speech on behalf of Union Commerce and Industry Minister Shri Piyush Goyal, India extended appreciation to Brazil for steering the deliberations effectively and welcomed Indonesia’s upcoming induction into BRICS in 2025. India reiterated its call for a fair, transparent, and decentralised trade system that serves the developmental needs of the Global South.

    India used the opportunity to raise the long-pending issue of WTO reform. It stressed the urgent need for a permanent solution to the matter of public stockholding (PSH) for food security and promoted its “30 for 30” proposal — a blueprint for introducing 30 practical reforms ahead of the WTO’s 30th anniversary in 2025. India also reaffirmed that sustainable development must remain a foundational pillar of international trade governance, rooted deeply in the country’s cultural ethos.

    Singh also highlighted the importance of ensuring the concessional transfer of Environmentally Sound Technologies (ESTs) to developing countries, with adequate financial support. He spotlighted India’s global initiative, Mission LiFE, which advocates for mindful consumption, sustainable living, and circular economy practices as part of a fair climate responsibility model.

    The meeting also acknowledged the critical role of digital transformation in global economic development. India reaffirmed its leadership in inclusive digital governance through initiatives such as Digital India and IndiaAI. It also reiterated its commitment to international collaboration in areas such as Digital Public Infrastructure (DPI), artificial intelligence, and cybersecurity. India underscored the need to continue working through multilateral forums like the Global Partnership on AI (GPAI) and the G20. The BRICS Data Economy Governance Understanding officially recognised DPI as a fundamental driver of digital economic transformation.

  • MIL-OSI Canada: Retail Trade Growth Continues Upward Trend in Saskatchewan

    Source: Government of Canada regional news

    Released on May 23, 2025

    Province Ranks Second in Canada for Retail Trade Growth

    Saskatchewan’s retail sector continues to show strong performance, with a 8.2 per cent year-over-year increase in retail trade sales from March 2024 to March 2025 (seasonally adjusted). This places Saskatchewan second in the nation.

    “These statistics speak to the stability of Saskatchewan’s economy and the strength of our business community,” Trade and Export Development Minister Warren Kaeding said. “Every new purchase made here helps drive opportunity by supporting jobs, encouraging investment and reinforcing confidence in our province’s business friendly environment.”

    The total value of Saskatchewan’s retail trade reached 2.2 billion in March 2025.

    The Monthly Retail Trade Survey compiles data on sales, including e-commerce sales, and the amount of retail locations by province, territory and selected census metropolitan areas from a sample of retailers.

    Retail sales is a measure of total receipts at stores, or establishments, that sell goods and services to final consumers.

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

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

    Last year, the Government of Saskatchewan unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy, combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada. 

    For more information visit: InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI Canada: Joint CBSA and OPP investigation leads to arrest and charges for drug importation and trafficking

    Source: Government of Canada News

    May 23, 2025
    Ottawa, Ontario

    A 47-year-old was arrested and is facing drug related charges after a joint investigation involving the Ontario Provincial Police (OPP) and the Canada Border Services Agency (CBSA).

    On Thursday, May 8, 2025, the CBSA conducted a secondary inspection of a package from Italy arriving at the Ottawa International Airport. Testing determined the contents was heroin.

    The CBSA requested assistance from the OPP Community Street Crime Unit (CSCU).

    On Tuesday, May 20, 2025, the joint investigation resulted in the execution of a search warrant by CSCU members, as well as members of the OPP Organized Crime Enforcement Bureau and CBSA, at a residence on Red Castle Ride, in the Manotick area of Ottawa. One person was arrested the scene.

    Harvinder Singh Malhi of Ottawa has been charged under the Controlled Drug and Substance Act with:

    • Import Schedule 1 substance
    • Possession a of Schedule 1 substance for the purpose of trafficking

    The accused has been released from custody and is scheduled to appear before the Ontario Court of Justice in Ottawa on June 24, 2025.

    MIL OSI Canada News

  • MIL-OSI Europe: Text adopted – Deliberations of the Committee on Petitions in 2023 – P10_TA(2025)0114 – Thursday, 22 May 2025 – Brussels

    Source: European Parliament

    The European Parliament,

    –  having regard to its previous resolutions on the outcome of the Committee on Petitions’ deliberations,

    –  having regard to Articles 10 and 11 of the Treaty on European Union (TEU),

    –  having regard to Articles 20, 24 and 227 of the Treaty on the Functioning of the European Union (TFEU) on the right of EU citizens and residents to bring their concerns to the attention of Parliament,

    –  having regard to Article 228 TFEU on the role and functions of the European Ombudsman,

    –  having regard to Article 44 of the Charter of Fundamental Rights of the European Union concerning the right to petition the European Parliament,

    –  having regard to the provisions of the TFEU relating to the infringement procedure and, in particular, to Articles 258 and 260 thereof,

    –  having regard to the concluding observations of the UN Committee on the Rights of Persons with Disabilities of 21 March 2025 on the combined second and third periodic reports of the European Union,

    –  having regard to Rules 55 and 233(7) of its Rules of Procedure,

    –  having regard to the report of the Committee on Petitions (A10-0063/2025),

    A.  whereas the purpose of the annual report on the outcome of the Committee on Petitions’ deliberations is to present an analysis of the petitions received in 2023 and of relations with other institutions, as well as to present an accurate picture of the objectives achieved in 2023;

    B.  whereas in 2023, Parliament received 1 452 petitions, which represents an increase of 16,2 % compared to the 1 217 petitions submitted in 2022 and of 4,0 % compared to the 1 392 petitions registered in 2021; whereas the total amount of petitions received continues to be significantly lower than the peak reached in 2013 and 2014, when Parliament received 2 891 and 2 715 petitions, respectively;

    C.  whereas in 2023, the number of users supporting one or more petitions on Parliament’s Petitions Web Portal was 26 331, which represents a considerable increase compared to the 22 441 users recorded in 2022 (both numbers are considerably lower than the 209 272 supporters recorded in 2021); whereas the number of clicks in support of petitions also increased slightly in 2023, reaching a total of 29 287 (compared with 27 927 in 2022 and 217 876 in 2021);

    D.  whereas however, the overall number of petitions remains modest in relation to the total population of the EU, revealing that efforts still need to be stepped up to increase citizens’ awareness of their right to petition and the possible usefulness of petitions as a means of drawing the attention of the institutions and the Member States to matters that affect and concern citizens directly; whereas in exercising the right to petition, citizens expect the EU institutions to provide added value in finding a solution to their problems;

    E.  whereas the criteria for the admissibility of petitions are laid down in Article 227 TFEU and Rule 232(1) of Parliament’s Rules of Procedure, which require that petitions must be submitted by an EU citizen or by a natural or legal person who is resident or has a registered office in a Member State and is directly affected by matters falling within the EU’s fields of activity;

    F.  whereas of the 1 452 petitions submitted in 2023, 429 were declared inadmissible and 13 were withdrawn; whereas the high percentage (29,55 %) of inadmissible petitions in 2023 confirms that there is still a widespread lack of clarity about the scope of the EU’s areas of responsibility; whereas in order to reduce the number of inadmissible petitions, efforts still need to be made to clarify further the scope of the EU’s fields of activity;

    G.  whereas the Committee on Petitions (PETI) played a significant role in combating discrimination against Romanian and Bulgarian citizens during the period in which their countries had not yet joined the Schengen area; whereas PETI made a key contribution in advocating equal treatment and addressing the unjustified barriers faced by these citizens; whereas the starting point was Petition 0004/2023, submitted by Răzvan Eugen Nicolescu on behalf of the ‘Asociația pentru Energie Curată și Combaterea Schimbărilor Climatice’, as well as the subsequent plenary resolution on accession to the Schengen area, adopted under Rule 227(2) of the Rules of Procedure(1);

    H.  whereas the right to petition Parliament is a fundamental right of EU citizens, offering both citizens and residents an open, democratic and transparent mechanism to address their elected representatives directly; whereas this essential tool empowers citizens to actively and effectively participate in the life of the Union; whereas through petitions, EU citizens can complain about failures to implement EU law and help detect breaches of EU law;

    I.  whereas Parliament is the only EU institution directly elected by EU citizens; whereas the right to petition the European Parliament is one of the fundamental rights of EU citizens and residents and it allows them to address their elected representatives directly; whereas many persons with disabilities lack equal access to information and communication due to the limited availability of accessible formats and due to the fact that national sign languages are not recognised as part of the EU’s multilingualism; whereas Parliament has long been at the forefront of the development of the petitions process internationally and has the most open, democratic and transparent petitions process in Europe, allowing petitioners to participate actively and effectively in its activities, whereas in exercising the right to petitions, citizens expect the EU institutions provide added value, cooperating with the Commission and Member State authorities, in solving their problems;

    J.  whereas the information submitted by petitioners in their petitions and during committee meetings, along with the Commission’s assessments and the replies from the Member States and other bodies, also provide valuable input for the work of other parliamentary committees, given that admissible petitions are forwarded to the relevant committee for an opinion or for information; whereas, therefore, petitions can also play a role in the legislative process, providing concrete feedback on the impact of EU policies and enabling policies to address emerging needs;

    K.  whereas the activities of the Committee on Petitions are based on the input provided by petitioners, enabling Parliament to enhance its responsiveness to complaints and concerns relating to respect for fundamental EU rights and compliance with EU legislation in the Member States; whereas petitions are therefore a useful source of information on instances of misapplication or breaches of EU law, enabling an assessment of the application of EU law and its impact on the rights of EU citizens and residents; whereas in 2023 fundamental rights were one of the three most important concerns of all petitioners; whereas, in the context of the structured dialogue with the Commission, the Committee on Petitions called on the Commission to fight discrimination in the European Union, including through initiatives to guarantee equal rights and to strengthen measures against all forms of discrimination, including those based on sex, racial or ethnic origin, disability, age, religion or belief and sexual orientation;

    L.  whereas according to Article 17 TEU the Commission should ensure the correct application of the Treaties and of measures adopted pursuant to them; whereas the Commission’s strategic approach to addressing issues raised in petitions must be fully consistent with the Treaties in order to ensure the most effective follow-up of petitions, aiming at guaranteeing full and timely protection of citizens’ rights arising from EU law;

    M.  whereas each petition must be considered and examined carefully, efficiently, impartially, fairly and transparently, in line with the standards set in Article 41 of the Charter of Fundamental Rights of the European Union on the Right to good administration; whereas all petitioners have the right to receive a reply informing them about the decision on admissibility and follow-up actions taken by the committee within a reasonable period of time, in their own language or in the language used in the petition; whereas timely and effective responses by the Commission and Member States to the issues raised in the petitions, along with solutions for redress, where appropriate, contribute to strengthening the trust citizens place in the Union and its policies;

    N.  whereas the Committee on Petitions attaches the utmost importance to the examination and public discussion of petitions at its meetings; whereas petitioners have the right to present their petitions and frequently take the floor in the discussion, thereby actively contributing to the work of the committee; whereas in 2023, the Committee on Petitions held 10 committee meetings, at which 191 petitions were discussed with 114 petitioners present and actively participating by taking the floor;

    O.  whereas the main subjects of concern raised in petitions submitted in 2023 related to the environment, fundamental rights, personal matters and justice;

    P.  whereas when adopting its meeting agenda, the Committee on Petitions pays attention to petitions and topics with a high degree of relevance for discussion at EU level and to the need to maintain a balanced geographical coverage of topics according to the petitions received;

    Q.  whereas 82,4 % of the petitions received in 2023 were submitted via Parliament’s Petitions Web Portal, which is a slight increase compared to 2022 (79,05 %), thus reconfirming it as by far the most used channel for citizens to submit petitions to Parliament;

    R.  whereas in February 2023, the Petitions Web Portal was revamped and relaunched to align it with current expectations and make it easier for residents of the Member States to exercise their right to submit petitions to Parliament; whereas the updated Petitions Portal 2.0 integrated seamlessly with Parliament’s web publishing tool, enabling faster and simpler content updates and new features (including seven ‘Quick Start Guides’ that provide clear, step-by-step instructions for submitting, tracking and supporting petitions); whereas a new search engine powered by elastic search technology enhanced the user experience by delivering more accurate results efficiently leading to the new portal’s prioritising a truly citizen-centred approach; whereas during 2023 all petitions were prepared and published in a timely manner, within a few days of their adoption, and all internal and external requests for support on the use and content of the Petitions Portal were replied to successfully, in a timely manner and in all languages;

    S.  Whereas in 2023, the Committee on Petitions (PETI) held four fact-finding visits, during which Members travelled to Romania to examine the management and the protection of the brown bear population and illegal logging, to Donegal (Ireland) to investigate the use of defective mica blocks in construction in Ireland and to Catalonia (Spain) to assess in situ the language immersion model in Catalonia; whereas PETI members were also part of a joint delegation from the Committee on Employment and Social Affairs, the Committee on Civil Liberties, Justice and Home Affairs and PETI that travelled to New York to attend the 16th session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities (CRPD COSP);

    T.  whereas under Parliament’s Rules of Procedure, the Committee on Petitions is also responsible for relations with the European Ombudsman, who investigates complaints about maladministration within the institutions and bodies of the EU; whereas the previous European Ombudsman, Emily O’Reilly, presented her annual report for 2022 to the Committee on Petitions at its meeting of 27 June 2023;

    U.  whereas the Committee on Petitions is a member of the European Network of Ombudsmen, which also includes the European Ombudsman, national and regional ombudsmen and similar bodies in the Member States, the candidate countries and other European Economic Area countries, and which aims to promote the exchange of information about EU law and policy, and to share best practice;

    1.  Emphasises Committee on Petition’s fundamental role in protecting and promoting the rights of EU citizens and residents by ensuring that petitioners’ concerns and complaints are examined in a timely, effective and appropriate manner and that petitioners are informed about the actions taken and progress made on their petitions; recalls that all petitions are treated through an open, democratic and transparent petition process;

    2.  Commends the essential work done by the Committee on Petitions on the petitions concerning the Akamas Peninsula, the most biodiverse area in Cyprus, which has for decades experienced repeated systemic violations of the Habitats Directive(2) and the Birds Directive(3), in an overall context of a lack of effective and legally binding measures to protect this area and in view of recent plans brought forward by the Cypriot competent authorities, with devastating effects on the area’s very fragile natural ecosystems, in violation of EU environmental legislation; underlines that, following the Committee on Petitions’ work on this matter, on 13 March 2024 the Commission decided to bring Cyprus before the Court of Justice of the European Union (CJEU) for the Cypriot authorities’ failure to comply with the Habitats Directive; regrets that in the time that has passed since that decision – over one year – the Commission has not submitted a file to the CJEU, and has thus failed to officially start legal proceedings;

    3.  Underlines the key work performed by the Committee on Petitions on the protection of workers’ rights against discrimination and the abuse of fixed-term contracts in the public sector in Italy; appreciates that the Commission took into due account the very sound legal documents provided by the petitioners, which were carefully assessed in various meetings of the Committee on Petitions, when it decided to bring Italy before the CJEU for failing to end the abusive use of fixed-term contracts and discriminatory employment conditions, in breach of Council Directive 1999/70/EC;

    4.  Commends the PETI Committee for considering Petition 1168/2023, submitted by Mihai Igna on behalf of the Association ‘Together We Bring Prosperity’, which calls for the restitution of Romania’s national treasure and historical archives currently held in Russia; emphasises the profound historical significance of this debate for all Member States that have been historically impacted by Russia’s acts of looting, particularly in the context of the ongoing war in Ukraine, as it highlights the broader challenges related to cultural preservation and safeguarding national heritage during times of geopolitical conflict; stresses that the PETI Committee’s engagement with this issue demonstrates its commitment to upholding the rights of EU citizens and Member States, and protecting Romania’s historical legacy and supporting its legitimate claims on the international stage; recalls the subsequent plenary resolution concerning the return of Romanian national treasure illegally appropriated by Russia(4);

    5.  Reiterates the importance of a continuous public debate on the EU’s fields of activity in order to ensure that citizens are properly informed about the scope of the Union’s competences and the different levels of decision-making; calls for an EU-wide enhanced structured information and communication campaign to be carried out without additional cost (i.e., by using the current resources of the European Parliament Liaison Offices) in all EU official languages in collaboration with national and regional ombudsmen, NGOs, and educational institutions to increase awareness of petition rights among citizens from all Member States, particularly addressing rural and disadvantaged communities and marginalised groups, as well as remote islands and regions; proposes an expansion of outreach efforts free from additional costs through social media and local community events; emphasises the need for broader public awareness and awareness-raising campaigns, through the active involvement of communications services, to help increase citizens’ knowledge about their right to petition, as well as the scope of the EU’s responsibilities and the competences of the Committee on Petitions, with a view to reducing the number of inadmissible petitions and enhancing citizen engagement in the decision-making process; recommends improving the digital accessibility of the Petitions Portal, including through adaptations for people with disabilities and higher quality translations into all official EU languages; recommends exploring the potential of the existing IT tools in order to increase citizens’ support on the portal, including through redirecting options to relevant complaint mechanisms;

    6.  Recalls the European dimension of the Committee on Petitions, which can be addressed by citizens from all 27 Member States on issues that fall within the scope of the EU Treaties and EU law; believes that the Committee has a special responsibility to uphold this European dimension and to demonstrate the added value of European unity and integration to citizens; underlines that the European dimension must be based on solidarity, the promotion of social and economic rights, the protection of minority languages and cultures, and the active fight against climate change;

    7.  Points out that petitions constitute a unique opportunity for Parliament and the other EU institutions to directly connect with EU citizens and maintain a regular dialogue with them, particularly in cases where they are affected by the misapplication or breach of EU law; stresses the need for enhanced cooperation between the EU institutions and national, regional and local authorities on inquiries regarding the implementation of, and compliance with, EU law; believes that such cooperation is crucial to address and resolve citizens’ concerns over the application of EU law and that it contributes to strengthening the democratic legitimacy and accountability of the Union; calls, therefore, for the participation of Member States’ representatives in committee meetings and for timely and detailed responses to requests for clarification or information sent by the Committee on Petitions to national authorities; notes the increase in the number of petitions received in 2023 addressing structural disparities, including in remuneration and retirement income among population groups; calls for these concerns to be systematically analysed and addressed through coordinated action with the relevant committees and the Commission; further calls for enhanced protection and support for individuals exposed to abuse or exclusion who face obstacles in accessing appropriate support mechanisms and justice;

    8.  Recalls that petitions contribute considerably to the exercise of the Commission’s role as the guardian of the Treaties by providing citizens with an additional tool to report alleged breaches of EU law; stresses that constructive cooperation between the Committee on Petitions and the Commission through timely and detailed answers from the Commission, which are based on thorough examinations of the issues raised in petitions, is essential to ensure the successful treatment of petitions;

    9.  Reiterates its call on the Commission to provide legal clarifications on the key criteria underpinning its strategic approach to enforcing EU law and to regularly update the Committee on Petitions on developments in infringement proceedings and to ensure that the Committee on Petitions gets access to the all relevant documents on EU Pilot and infringement procedures and legislative initiatives that were launched based on petitions received; is of the opinion that increased transparency and regular feedback on the handling of ongoing infringement procedures by the Commission would be beneficial for the Committee’s follow-up of open petitions; welcomes the recent Commission initiative to include petitions in the search system of the infringement register of the Commission; stresses that it is important for the Commission to conduct timely investigations into petitions, highlighting violations of rights affecting a large number of citizens and residents within the EU and to consult, where appropriate, the relevant national ombudsman; expresses its concerns about the way the Commission is handling some infringement procedures launched against Member States, including those related to issues raised in many petitions; encourages the Commission to put in place all necessary measures to improve transparency and effectiveness of its management of infringement procedures, which can be perceived as opaque by citizens;

    10.  Calls on the Commission to assess whether the national authorities are taking the necessary measures to respond to citizens’ concerns, as expressed in their petitions, where cases of failure to comply with EU law occur, and to launch infringement procedures where necessary; emphasises that timely and proactive action by the Commission in cases of breaches of EU law is crucial to prevent such breaches, which could undermine citizens’ trust in European institutions, becoming systemic in nature;

    11.  Recalls that freedom of expression is a fundamental pillar of European democracy; condemns any attempt to censor, marginalise or intimidate citizens or their elected representatives on the basis of their political opinions; stresses also that respect for the results of elections, at national and European level, is essential for maintaining citizens’ trust in the democratic process;

    12.  Emphasises the need for enhanced and more active cooperation between Member States and the Committee on petitions in order to unblock those petitions requiring prompt responses and reactions from the national authorities; recalls that the delayed responses of the Member States could have an impact on the timely resolution of issues raised by citizens and negative consequences for the solution of breaches of Union law; notes that the Member States should guarantee responses to petitions within the three-month deadline requested; stresses that improved coordination and dialogue would facilitate a more efficient handling of citizens’ concerns, prevent unnecessary delays and strengthen the effectiveness of the petition process;

    13.  Notes with concern that the recommendations issued by the Committee on Petitions in its report of 19 March 2024, following its mission to Catalonia, have not yet been fully implemented by the relevant educational authorities, particularly those concerning the protection of linguistic rights for all students and their families; expresses deep regret over the tensions encountered by members of the Committee during their visit to Barcelona from 18 to 20 December 2023, and calls for respectful dialogue and cooperation among all stakeholders to ensure that democratic institutions can carry out their mandates in a climate of mutual respect and understanding;

    14.   Strongly condemns the harassment and intimidation to which the official members of the Delegation of the Committee on Petitions were subjected during their fact-finding visit to Barcelona from 18 to 20 December 2023, with the aim of assessing in situ the language immersion model in Catalonia, its effects on families moving to and residing in the Autonomous Community, as well as on multilingualism and non-discrimination and the principle of the rule of law;

    15.  Regrets that the competent education authorities in the region have not implemented the recommendations issued by the Committee on Petitions in its report of 19 March 2024 following the mission, aimed at protecting the linguistic rights of students and their families;

    16.  Recalls that the e-Petition database is an essential internal tool that allows the members of the Committee on Petitions to access all necessary information in order to follow up on the state of play of each petition and to be able to make informed decisions on the treatment of the petitions; notes that the e-Petition database also plays an important role in communication with petitioners;

    17.  Recalls the Commission’s commitment to create an interinstitutional IT tool, together with Parliament, with which to share information and documents on all follow-up actions taken on petitions, such as infringement procedures, legislative proposals or replies by national authorities, thus enhancing the transparency and efficiency of the treatment of petitions, which, in a wider context, would contribute to increasing citizens’ trust in the EU institutions and the European project;

    18.  Recalls that cooperation with other committees in Parliament is essential for the comprehensive treatment of petitions, paying particular attention to petitions on gender equality, family diversity, environmental justice and the linguistic rights of minorities; notes that in 2023, 34 requests for opinion (corresponding to 31 petitions) and 223 requests for information were sent to other committees; notes that of the 34 opinions requested, only 25 answers were received by the end of 2023 (in 14 cases an opinion was provided, while in 10 cases the committee decided not to draft an opinion and on four occasions no official decision has been communicated); recalls that petitioners are informed of decisions to request opinions from other committees for the treatment of their petitions; underlines that parliamentary committees should step up their efforts to actively contribute to the examination of petitions by providing their expertise so as to enable Parliament to respond more swiftly and comprehensively to citizens’ concerns;

    19.  Believes that the petitions network is a useful tool for facilitating the follow-up of petitions in parliamentary and legislative work; trusts that regular meetings of the petitions network are crucial in order to ensure more visibility for the Committee on Petition’s activities and a better understanding of its work and mission, as well as to strengthen cooperation with the other parliamentary committees;

    20.  Underlines that the Committee on Petitions expressed its position on important issues raised in petitions by adopting its report on the outcome of the Committee on Petitions’ deliberations during 2022(5);

    21.  Highlights a slight decrease in the number of petitions submitted on external relations issues compared to 2022; notes that this could be explained by the new geopolitical context in 2023 and in particular a decrease in the number of petitions on the war in Ukraine and a significant increase in petitions dealing with the new conflicts in the Middle East; notes that the Committee on Petitions took account of citizens’ concerns about sanctions, security, conflict resolution, visa policy, progress of EU candidate countries, among other issues, putting on its agenda a number of petitions dealing in particular with questions related to the situation of refugees, in particular of children and on the situation of Venezuelan refugees in the EU; acknowledges the efforts of the committees already actively addressing these issues and emphasises that the Committee on Foreign Affairs and the Committee on Civil Liberties, Justice, and Home Affairs should take note of these petitions in their deliberations;

    22.  Takes note that health, which was one of the main areas of concern for petitioners in 2022, appeared to continue to play an important role in 2023; notes, in particular, that the Committee on Petitions examined and discussed petitions on the ban on chemicals and heavy metals in children’s toys, on support for healthy and environmentally friendly food systems and lifestyles and on the implementation of EU regulations on added sugars in foods intended for infants and young children;

    23.  Draws attention to the significant number of petitions submitted and discussed in relation to citizens’ concerns over the reintroduction of border checks between some Member States raising the problematic aspect of limitation of the free movement of persons within the EU and other aspects such as the strengths and the weaknesses of the extension of the Schengen area; recalls that Member States may reintroduce internal border controls(6) in the event of a serious threat to public policy or internal security, or under exceptional circumstances threatening the overall functioning of the Schengen area; appreciates the significant role played by the Committee on Petitions, in particular the host of activities carried out, the adoption in committee of a short motion for a resolution on the accession to the Schengen area on 27 June 2023 and the related Parliament resolution, to strongly support the enlargement of the Schengen area to include Romania and Bulgaria the organisation of the public hearing on Schengen Borders on 18 July 2023 in association with the Committee on Civil Liberties, Justice and Home Affairs; welcomes the unanimous decision by the Council for the full membership of both countries of the Schengen area as of 1 January 2025 allowing the full exercise of the fundamental freedoms of the EU Single Market; emphasises that preventing Member States from joining the Schengen area despite fulfilling all necessary requirements was a discriminatory decision that lacked legal justification and severely affected many EU citizens;

    24.   Takes note of the sudden increase in petitions of Spanish origin in the second half of 2023 concerning the risks to the rule of law in Spain as a result of the Spanish Government’s intention to adopt an Amnesty Law contrary to constitutional and European law; deplores the attacks on the rule of law and the separation of powers carried out by the Spanish Government;

    25.  Underlines the work of the Committee on Petitions in connection with petitions relating to common rules on a single standard for hand luggage dimensions, highlighting citizens’ concerns about the inconvenience and discomfort caused by inconsistent rules on airline carry-on luggage and the resulting hidden costs; emphasises its call for compliance with a relevant European Court of Justice ruling in the context of the revision of EU air services legislation; points, in this regard, to the short motion for a resolution on standardised dimensions for carry-on luggage adopted by the Committee on Petitions on 20 September 2023 followed by the adoption of a resolution by single vote of the European Parliament on 4 October 2023; welcomes the fact that in November 2023 the Commission put forward a review of the passenger rights framework and a series of proposals designed to improve the experience of passengers and travellers, including the requirement of a limited number of common sizes and weights to reduce the confusion; notes with regret that passengers with disabilities are still facing too many barriers while travelling, especially in case of multimodal journeys; regrets that the public transport systems of many Member States do not comply with the requirements of United Nations Convention on the Rights for Persons with Disabilities (UNCRPD);

    26.  Notes that environmental issues remained an area of serious concern for petitioners in 2023 with more than 21 % of petitions dedicated to environmental issues; regrets that some of these petitions allege incorrect implementation of EU legislation by the Member States, with some Member States already facing infringement procedures for the breach of EU environmental laws; notes that numerous petitions describe complaints about air quality, noise pollution, waste management/treatment, the deterioration of natural ecosystems and violation of the Habitats Directive in different Member States; highlights the public hearing on the state of implementation of the Habitats Directive organised on 24 May 2023; notes the work the Committee on Petitions continued to carry out in 2023 on the impact of climate change in different fields, not only in the environmental area, but also in the use of land, putting a number of petitions received on these topics on the agenda; points to the workshop on the impact of climate change on social security and the most vulnerable groups organised on 22 March 2023 and also to the presentation of the study on compensation for victims of climate change disasters on 18 July 2023;

    27.  Draws attention to the workshop organised by the Committee on Petitions on 25 January 2023 on transparency of pricing and reimbursement of medicinal products, which discussed transparency from the perspectives of patients and consumers, producers of medicinal products, and academic research; notes that the discussions focused on research and development costs of companies and information available on the prices paid for medicines, underlining the importance of transparency on these issues;

    28.  Stresses the importance of delivering on EU citizens’ expectations regarding the protection of the environment and urges the Commission, together with the Member States, to ensure the correct implementation of EU legislation in the environmental field, in particular in the field of illegal logging; points to the petitions on environmental issues, which reflect a growing public concern about the implications of climate change, requiring consistent enforcement of the existing EU environmental legislation by both the Commission and the Member States; stresses that addressing EU citizens’ expectations regarding the protection of the environment should be considered as important as taking into account the economic realities of each Member State; underlines that excessive regulations have a negative impact on emerging economies; highlights, therefore, that each Member State should be allowed to make decisions about its transition process and that environmental legislation should not hinder economic competitiveness;

    29.   Acknowledges the positive effects of the fact-finding visit to Romania from 15 to 18 May 2023 on the management and protection of the brown bear population; notes with regret, however, that there are still too many fatal accidents caused by brown bears in connection with humans and livestock, making further monitoring and cooperation with the national authorities necessary; underlines that the protection of human lives and security should always be the priority;

    30.   Following the fact-finding visit to Romania, stresses the need for a balance between wildlife protection and the citizens’ safety; underlines that each Member State should be allowed to take measures, including population control of the species, in order to prevent threats to the lives and property of its citizens;

    31.  Stresses the commitment of the Committee on Petitions to protect the rights of persons with disabilities; recalls the annual workshop of held by the Committee on Petitions on 29 November 2023 on the rights of persons with disabilities; recalls that its first part focused on how persons with disabilities dealt with the recent crises (energy costs, war, high inflation, etc.) and how EU measures helped to overcome these obstacles while the second part addressed the issue of how the European institutions have built inclusive communication with citizens with disabilities; also highlights, in this context, the adoption by the Committee of an opinion in the form of a letter on establishing the European Disability Card and the European Parking Card for persons with disabilities on 29 November 2023; stresses that access to social security benefits for persons with disabilities falls under national responsibility and social coordination schemes, and that disputes should also be addressed through and respected by the judicial mechanisms in place and their competencies via the obligation of the exhausting of legal remedies, rather than through direct intervention by the Commission, in respect of the principle of subsidiarity; underlines as well in this context the imperative need for a full and consistent transposition of the European Accessibility Act and calls on the Member States to avoid further delays that hinder the rights of persons with disabilities; recalls that the Accessibility Act aims at improving the life of at least 87 million persons with disabilities, facilitating their access to, inter alia, public transport, banking services, computers, TVs, e-books and online shops;

    32.  Stresses the important contribution made by the Committee on Petitions to the protection of the rights of persons with disabilities, as revealed by its treatment of a number of petitions on this sensitive topic; acknowledges, in this context, the efforts of Parliament’s services and notes that not just the best technical but the most accessible solution for deaf citizens must be found in order to communicate with them in their own mother tongue, in national sign languages; requests the modification of the Rules of Procedures in close cooperation with the Committee on Constitutional Affairs (AFCO) in order to eliminate the mandatory exclusively written communication with citizens who are sign language users, deaf or hard of hearing so that, upon their request, they can use their sign language during the procedure; also highlights, in this context, the adoption by the Committee of an opinion in the form of a letter on establishing the European Disability Card and the European Parking Card for persons with disabilities on 29 November 2023;

    33.  Underlines, furthermore, the specific protection role played by the Committee on Petitions within the EU in the framework of the UN Convention on the Rights of Persons with Disabilities through its capacity to hear petitions and highlights the committee’s important ongoing work on petitions concerning disability-related issues; while noting a slight decrease in the number of petitions on disability in 2023 compared to 2022, stresses that the number nearly doubled compared to 2021; further points out that discrimination and access to public transport and employment, continue to be major challenges faced by persons with disabilities and emphasises the Committee’s special attention to the request for the European Disability Statute to recognise the rights of people with autism; welcomes the adoption of a short motion for a resolution on harmonising the rights of autistic people, emphasising the need to improve access to diagnosis, healthcare, education, employment, accessibility and provision of reasonable accommodation, legal capacity and lifelong community support including as regards culture and sport; draws attention, furthermore, to the particular role of the Committee on Petitions in safeguarding the rights of children and their parents, acknowledging numerous petitions received on children’s rights, which require special attention and action; recalls, in this context the provisions of the EU Charter of Fundamental Rights, in particular the Article 24 thereof on the rights of the child, to allow every child to maintain a personal relationship and direct contact with both of his/her parents, unless that is contrary to the child’s interests; reiterates as well the risk that families with autistic children are being targeted by offers of unproven, potentially harmful and illegal therapies and interventions which may amount to serious physical abuse of children;

    34.  Recalls the fact that relations with the European Ombudsman represent one of the responsibilities conferred on the Committee on Petitions by Parliament’s Rules of Procedure; welcomes Parliament’s constructive cooperation with the European Ombudsman, with whom the Committee on Petitions shares the objectives of ensuring the transparency, professionalism and integrity of the EU institutions vis-à-vis European citizens, as well as its involvement in the European Network of Ombudsmen; stresses the need to step up cooperation with the European Ombudsman in order to ensure a swift, impartial and transparent response to citizens’ complaints about any administrative malfunctioning within the EU institutions;

    35.   Underlines the key work performed by the Committee on Petitions on the protection of workers’ rights; underlines that several petitions received in this area were followed up by further actions such as the debate on the use of fixed-term contracts, as well as that on the European citizens’ initiative-turned petition ‘Good Clothes, Fair Pay’ focusing on the harmful situation of workers in the global garment and footwear industry, or the Parliamentary Question for Oral Answer on the Working conditions of teachers in the European Union, also having as its basis a petition received on this subject; reiterates the importance of ensuring fair working conditions and greater protection of workers in the EU, calling on the Member States and the Commission to effectively address concerns raised in petitions related to labour rights and trade unions; 

    36.   Recalls the European Parliament study on Homelessness in the EU which was commissioned by the Committee on Petitions and presented at its meeting in November 2023; notes that this study made an important contribution on this pressing social and economic challenge, which represents one of the most severe forms of societal exclusion, highlighting the need for a public policy change towards preventing homelessness in the first place, inter alia by providing secure and affordable housing; recalls that illegal squatting cannot be considered a solution to homelessness, as the right to property is enshrined in Article 17 of the EU Charter of Fundamental Rights; underlines that Member States should seek real solutions rather than promoting illegal squatting, as housing policy falls under the exclusive competence of the Member States;

    37.  Acknowledges the European Ombudsman’s regular contributions to the work of the Committee on Petitions throughout the year; firmly believes that the Union’s institutions, bodies and agencies must ensure consistent and effective follow-up to the recommendations of the Ombudsman;

    38.  Stresses that European citizens’ initiatives (ECIs) represent an important instrument for active citizenship and public participation; welcomes the discussion in some meetings of unsuccessful ECIs, which were sometimes subsequently reformulated as petitions, giving citizens the opportunity to present their ideas and hold a constructive debate, while contributing to their participation in the EU’s democratic processes; takes note of the significant number of new ECIs registered by the Commission in 2023, which shows that citizens are seizing the opportunity to use participatory instruments to have a say in policy and lawmaking processes; calls on the Commission to better engage with citizens and give adequate follow-up to successful ECIs; welcomes the important effort put in place to organise, in association with other committees, four public hearings on successful ECIs, which allowed the organisers to present the initiative’s objectives and engage with Members of the European Parliament and representatives of the European Commission; underlines that the Commission’s commitment to responding to valid ECIs is essential to maintaining citizens’ trust in the ECI as the most significant instrument of participatory democracy;

    39.   Urges the Commission to give due consideration to the parliamentary resolutions adopted on European Citizens’ Initiatives (ECIs) and to enhance its engagement with citizens, particularly by ensuring appropriate and effective follow-up to successful ECIs, thereby reinforcing the democratic process and ensuring that citizens’ voices are adequately reflected in EU policymaking;

    40.  Underlines that the Petitions Web Portal is an essential tool for ensuring a smooth, efficient and transparent petitions process; welcomes, in this regard, the improvements to data protection and security features that have made the portal more user-friendly and secure for citizens; stresses that efforts to make the portal more accessible must be continued, including making it more accessible for sign-language users and persons with disabilities; notes that the Petitions Web Portal has been one of the European Parliament’s most visited websites, thus serving as a first point of contact with Parliament for many EU citizens;

    41.   Recalls the European dimension of the Committee on Petitions, which can be addressed by citizens from all 27 Member States on issues that fall within the scope of the Union’s activities; believes that the Committee has a special responsibility to uphold this European dimension and to demonstrate the added value of European unity and integration to citizens and continue addressing issues related to violations of EU law, as well as loopholes and shortcomings in the provisions of existing EU law; believes that timely avoidance of petitions with clear national competences along with comprehensive explanations and instructions about alternative courses of action, where appropriate, could contribute to a constructive approach and an enhanced citizens engagement considers, in this context, that the European Parliament should increase its efforts to promote the role and work of its Committee on Petitions and raise awareness among all EU citizens of the possibility to address a petition to the European Parliament; recalls that due to the limited time allotted to committee meetings, most petitions are treated through written procedure; recalls, in this context, that all petitions received, including those in the area of international affairs, should be handled with the necessary transparency and impartiality; is of the opinion that the selection of petitions for discussion in committee should reflect a geographical and political balance of submissions received; believes, moreover, that geographical balance should also be sought when organising the committee’s fact-finding visits, yearly and over the course of each legislative term;

    42.  Welcomes the adoption of the short motion for a resolution on the creation of a European Capital of Local Trade(7) at the plenary session of January 2023; underlines that this achievement is an excellent result for the Committee on Petitions, noting that this project has been successfully included as a preparatory action in the 2024 budget, with a total budget of EUR 3 million; recalls that the project to create a European Capital of Small Retail (ECSR) was officially presented by the Commission in Barcelona in December 2023;

    43.  Instructs its President to forward this resolution and the report of the Committee on Petitions to the Council, the Commission, the European Ombudsman, and the governments and parliaments of the Member States, their petitions committees and their national ombudsmen or similar competent bodies.

    (1) OJ C, C/2024/3999, 17.7.2024, ELI: http://data.europa.eu/eli/C/2024/3999/oj.
    (2) Council Directive 92/43/EEC of 21 May 1992 on the conservation of natural habitats and of wild fauna and flora (OJ L 206, 22.7.1992, p. 7, ELI: http://data.europa.eu/eli/dir/1992/43/oj).
    (3) Directive 2009/147/EC of the European Parliament and of the Council of 30 November 2009 on the conservation of wild birds (OJ L 20, 26.1.2010, p. 7, ELI: http://data.europa.eu/eli/dir/2009/147/oj).
    (4) OJ C, C/2024/6559, 12.11.2024, ELI: http://data.europa.eu/eli/C/2024/6559/oj.
    (5) Adopted by Parliament as its resolution of 23 November 2023 on the outcome of the Committee on Petitions’ deliberations during 2022 (OJ C, C/2024/4220, 24.7.2024, ELI: http://data.europa.eu/eli/C/2024/4220/oj).
    (6) Articles 25 to 30 of Regulation (EU) 2016/399 of the European Parliament and of the Council of 9 March 2016 on a Union Code on the rules governing the movement of persons across borders (Schengen Borders Code) (OJ L 77, 23.3.2016, p. 1, ELI: http://data.europa.eu/eli/reg/2016/399/oj).
    (7) OJ C 214, 16.6.2023, p. 2.

    MIL OSI Europe News

  • MIL-OSI: XRP News: Join XenDex Presale Before Listing $XDX On Top Exchanges As Ripple Moves To Acquire Circle

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 23, 2025 (GLOBE NEWSWIRE) — Ripple is reportedly moving to acquire Circle, the issuer behind stablecoin USDC and the excitement around the XRP ecosystem is reaching new heights. And as XRP’s strategic momentum builds, XenDex is quickly becoming the most anticipated DeFi launch on the XRP Ledger. With just 5 days left in its presale, the window to purchase $XDX tokens at early-bird pricing is rapidly closing.

    Early adopters are rushing in to secure tokens before listings go live on major exchanges like Binance, Gate.io, BitMart, MagneticX, MEXC, and FirstLedger.

    Purchase $XDX At A low Price & Earn Rewards

    What is XenDex on XRP Blockchain?

    XenDex is the first all-in-one decentralized exchange (DEX) built entirely on the XRP Ledger, delivering high-speed, low-cost trading while integrating next-gen DeFi functionalities previously missing from XRPL. It’s built to empower both everyday traders and seasoned crypto investors.

    Features and Problems XenDex Aims to Solve on XRP Ledger

    Despite XRP’s speed and scalability, it lacks essential DeFi utilities. XenDex addresses these gaps with:

    • AI Copy Trading – Mirror expert trades in real-time
    • Lending & Borrowing – lend or borrow your crypto assets
    • Cross-Chain Trading – Swap tokens between XRP and Solana, BNB, and Ethereum
    • DAO Governance – Let $XDX holders vote on major platform decisions

    Buy $XDX At Discount Price

    Advantages of $XDX

    The $XDX token powers XenDex and rewards its holders with:

    • Voting rights for platform governance
    • Staking and liquidity farming rewards
    • Trading fee discounts
    • Exclusive airdrops and early feature access

    Where Can I Trade $XDX?

    After the presale, $XDX will launch on top exchanges, including Binance, Gate.io, MEXC, BitMart, MagneticX, and FirstLedger, increasing visibility and global access.

    Is XenDex a Legit Project on XRP?

    Yes — XenDex is backed by a dedicated crypto-native team with experience on SUI and Cardano. The project is undergoing audits, also it integrates with trusted XRPL partners like Xaman and XRP Toolkit, and operates transparently with a long-term vision.

    Buy $XDX Before Listing On Top Exchanges

    How Do I Buy $XDX?

    Visit: https://xendex.net/presale
    Minimum Buy: 150 XRP
    Rate: 1.25 XRP = 10 XDX
    Setup Wallet: Use Xaman for trustline setup
    How To Buy Link: https://xdxdocs.gitbook.io/xendex/buy-usdxdx-token-presale

    XenDex Presale Details

    • Soft Cap: Filled
    • Hard Cap: Nearly Filled
    • Presale Rate: 150 XRP = 1200 $XDX
    • Time Left: 5 Days Remaining

    Join XenDex Community

    Website: xendex.net
    Presale: xendex.net/presale
    Telegram: t.me/xendexcommunity
    Twitter: x.com/xendex_xrp
    Docs: xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0de391f-b56b-4399-a65e-2a665e40eb62.

    The MIL Network

  • MIL-OSI: Lake Shore Bancorp, Inc. Announces Commencement of Stock Offering

    Source: GlobeNewswire (MIL-OSI)

    DUNKIRK, N.Y., May 23, 2025 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that Lake Shore Bancorp, Inc. (“Lake Shore Bancorp”), a newly formed Maryland corporation and the proposed successor holding company of the Bank, is commencing its offering of common stock in connection with the proposed conversion of Lake Shore, MHC from a mutual holding company to a stock holding company. As part of the conversion, the Bank will convert its charter to a New York commercial bank and will be renamed Lake Shore Bank.

    Lake Shore Bancorp is offering for sale up to 5,750,000 shares of its common stock (subject to increase to up to 6,612,500 shares) at a purchase price of $10.00 per share. The shares will be offered for sale to eligible depositors of the Bank and to its employee stock ownership plan. Any shares of common stock not subscribed for in the subscription offering may be offered for sale in a community offering, with a first preference given to natural persons (including trusts of natural persons) residing in the New York counties of Chautauqua, Erie and Cattaraugus and a second preference given to public stockholders of Lake Shore Federal Bancorp as of the close of business on May 5, 2025 and then to the general public.

    All questions concerning the conversion and stock offering or requests for stock offering materials should be directed to the Stock Information Center at (800) 552-2535 (toll-free). The Stock Information Center will be open Monday through Friday between 10:00 a.m. and 4:00 p.m., Eastern Time, beginning on May 27, 2025 and through June 24, 2025, the scheduled expiration date of the subscription offering. The Stock Information Center will be closed on bank holidays.

    Lake Shore Bancorp must sell at least 4,250,000 shares of its common stock in the stock offering in order to complete the conversion and stock offering. Completion of the conversion and stock offering is also subject to the receipt of final regulatory approvals, the approvals of the stockholders of Lake Shore Federal Bancorp and the members of Lake Shore, MHC, and other customary closing conditions.

    Raymond James & Associates, Inc., is acting as marketing agent to Lake Shore Bancorp in connection with the stock offering.

    About Lake Shore
      
    Lake Shore Federal Bancorp is the mid-tier holding company of Lake Shore Savings Bank, a federally chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. Lake Shore Federal Bancorp’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about Lake Shore Federal Bancorp is available at www.lakeshoresavings.com.

    Safe-Harbor

    This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about Lake Shore Federal Bancorp’s, Lake Shore Bancorp’s (collectively, the “Company”) and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, that the proposed transaction may not be timely completed, if at all, that required final regulatory, stockholder and member approvals are not timely received, if at all, or that other customary closing conditions are not satisfied in a timely manner, if at all, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, tariffs, unanticipated changes in our liquidity position, climate change, geopolitical conflicts, public health issues, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, dividend policy changes and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized.

    Important Additional Information and Where to Find It

    Lake Shore Bancorp has filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-1 that includes a proxy statement of Lake Shore Federal Bancorp and a prospectus of Lake Shore Bancorp, as well as other relevant documents concerning the proposed transaction. STOCKHOLDERS OF LAKE SHORE FEDERAL BANCORP ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT, AND THE PROSPECTUS CAREFULLY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. When filed, these documents and other documents relating to the proposed transaction can be obtained free of charge from the SEC’s website at www.sec.gov. Alternatively, these documents, when available, can be obtained free-of-charge from the Company upon written request to Lake Shore Bancorp, Inc., 31 East Fourth Street, Dunkirk, New York 14048, Attention: Taylor M. Gilden, or by calling (716) 366-4070 ext. 1065.

    Participants in the Solicitation

    The Company and its directors and its executive officers may be deemed to be participants in the solicitation of proxies with respect to the proposed transaction. Information regarding the Company’s directors and executive officers is available in Lake Shore Federal Bancorp’s definitive proxy statement for its 2025 Annual Meeting of Stockholders, filed with the SEC on April 11, 2025. Other information regarding the participants in the proxy solicitation will be contained in the proxy statement, the prospectus, and other relevant materials filed with the SEC, as described above.

    This press release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer is made only by the prospectus when accompanied by a stock order form. The shares of common stock to be offered for sale by Lake Shore Bancorp are not savings accounts or savings deposits and are not insured by the Federal Deposit Insurance Corporation or by any other government agency.

    Source: Lake Shore Bancorp, Inc.
    Category: Financial

    Investor Relations/Media Contact
    Kim C. Liddell
    President, CEO, and Director
    Lake Shore Bancorp, Inc.
    31 East Fourth Street
    Dunkirk, New York 14048
    (716) 366-4070 ext. 1012

    The MIL Network

  • MIL-OSI: Silvercrest Asset Management Group Inc. Announces $25 Million Common Stock Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) — Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the “Company” or “Silvercrest”) today announced that the Company’s Board of Directors authorized a common stock repurchase program. Under the program, the Company may purchase up to $25.0 million of its Class A common stock, as market conditions warrant. The shares may be repurchased through open market purchases, privately-negotiated transactions, block purchases, one or more 10b5-1 share trading plans, or otherwise in accordance with all applicable federal and state securities laws and regulations, at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company’s sole discretion. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of Class A common stock, and the program may be suspended or discontinued at any time.

    Forward-Looking Statements and Other Disclosures

    This release contains, and from time to time our management may make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements in this release include, but are not limited to, statements that relate to Silvercrest’s ability to execute the share repurchase program, in whole or in part, and expected timing and amount of repurchases. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and assumptions. These statements are only predictions based on our current expectations and projections about future events. Important factors that could cause actual results, level of activity, performance or achievements to differ materially from those indicated by such forward-looking statements include, but are not limited to: incurrence of net losses; fluctuations in quarterly and annual results; adverse economic or market conditions; our expectations with respect to future levels of assets under management, inflows and outflows; our ability to retain clients; our ability to maintain our fee structure; our particular choices with regard to investment strategies employed; our ability to hire and retain qualified investment professionals; the cost of complying with current and future regulation coupled with the cost of defending ourselves from related investigations or litigation; failure of our operational safeguards against breaches in data security, privacy, conflicts of interest or employee misconduct; our expected tax rate; our expectations with respect to deferred tax assets, adverse economic or market conditions; incurrence of net losses; adverse effects of management focusing on implementation of a growth strategy; failure to develop and maintain the Silvercrest brand; and other factors disclosed under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2024, which is accessible on the U.S. Securities and Exchange Commission’s website at www.sec.gov. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

    About Silvercrest

    Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, New Jersey, California and Wisconsin, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of March 31, 2025, the firm reported assets under management of $35.3 billion.

    Contact: Richard Hough
    212-649-0601
    rhough@silvercrestgroup.com

    The MIL Network

  • MIL-OSI Russia: US President Threatens 50 Percent Tariffs on EU and 25 Percent Tariffs on Apple

    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

    NEW YORK, May 23 (Xinhua) — U.S. President Donald Trump on Friday threatened to impose a 50 percent tariff on all imports from the European Union and a 25 percent tariff on Apple products if iPhones are not made in the United States.

    “The threats, made via social media, show how Trump can destabilize the global economy with a few typed messages, even as his tariffs have failed to deliver the trade deals he hoped for or the return of manufacturing to the U.S. he promised voters,” the Associated Press noted.

    The US President has announced his intention to impose tougher tariff conditions on the EU than on China. D. Trump expressed dissatisfaction with the protracted negotiations with the European Union, which proposes a complete abolition of duties, while the US President continues to defend the need to maintain a 10% basic duty on most imported goods.

    “Trade negotiations are going nowhere,” the American leader said on the Truth Social social network. “In this regard, I recommend imposing a direct 50 percent tariff on goods from the EU from June 1, 2025. It will not be levied on goods produced or manufactured in the United States,” D. Trump said.

    Earlier, the US president threatened to impose import tariffs on Apple over the company’s plans to continue manufacturing iPhones in Asia. Apple, Amazon, Walmart and other major US companies have come under fire from the White House as they try to respond to the uncertainty and inflationary pressures caused by Trump’s tariffs. –0–

    MIL OSI Russia News

  • MIL-OSI Africa: Foundations and Evolutions of Structured Trade Finance, Second Edition By Professor Benedict O. Oramah

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

    CAIRO, Egypt, May 23, 2025/APO Group/ —

    Structured Trade Finance (STF) is a highly specialised area of trade finance that has evolved directly from practice. As it grows and becomes more complex in an increasingly risk-based regulatory environment, there is a need for more detailed guidance on this subject. Now in its second edition, Foundations and Evolutions of Structured Trade Finance will provide you with exactly this.

    Written by Dr Benedict O. Oramah, president of Afreximbank and a key figure in the evolution of STF, this book delves into the philosophical foundations and risks associated with trade finance.

    It offers step-by-step guidance on structuring deals, explores the scope of coverage beyond commodities, and examines real-life case studies to draw valuable lessons.

    The new edition has been revised and updated, featuring brand new sections on reserve-based lending, supply chain finance, and new technologies for implementing structured trade finance.

    Publication information

    Author: Dr Benedict O. Oramah

    Publication date: May 2025

    Format: Softback

    Pages: 421

    Price: £195

    ISBN: 9781837230822

    For more information about this title, visit:

    https://apo-opa.co/3ZreaPe

    MIL OSI Africa

  • MIL-OSI Economics: Members consider China’s request for panel to examine Canadian surtax measures

    Source: World Trade Organization

    The DSB Chair, Ambassador Clare Kelly (New Zealand), announced at the start of the meeting that Canada’s request for a panel in DS636, “China — Additional Import Duties on Certain Agricultural and Fishery Products from Canada”, had been removed from the agenda at the request of Canada.

    DS627: Canada — Measures on Certain Products of Chinese Origin

    China submitted its first request for the establishment of a dispute panel with respect to the surtax measures imposed by Canada on certain products of Chinese origin, including electric vehicles and steel and aluminium products. The request also cites Canada’s alleged decision to impose measures on certain solar products, critical minerals, semiconductors, permanent magnets and natural graphite imported from China. China also cited in its panel request any other Canadian surtax measures on products or materials that originate in China.

    China and Canada held consultations in April 2025 but failed to resolve the dispute, China said, prompting its request for the panel. China said the measures are in direct breach of Canada’s WTO obligations. China said it remains open to working with Canada to resolve the dispute amicably in accordance with WTO rules.

    Canada said it engaged with China in a constructive manner during the consultations. It is unfortunate that China has included in its panel request claims related to certain solar products, critical minerals, semiconductors, permanent magnets and natural graphite imported from China, Canada said, noting that there are no Canadian surtax measures on these products.

    Canada said its surtax measures on electric vehicles, steel and aluminium products are justified under the General Agreement on Tariffs and Trade and that it was fully prepared to defend these measures. In light of this, Canada said it is not ready to accept the establishment of a panel. Canada remains committed to maintaining constructive dialogue with China and to the rules-based multilateral trading system, it added.

    The DSB took note of the statements and agreed to revert to the matter if requested by a member.

    Appellate Body appointments

    Colombia, speaking on behalf of 130 members, introduced for the 87th time the group’s proposal to start the selection processes for filling vacancies on the Appellate Body. The extensive number of members submitting the proposal reflects a common interest in the functioning of the Appellate Body and, more generally, in the functioning of the WTO’s dispute settlement system, Colombia said.

    The United States said it does not support the proposal and noted its longstanding concerns with WTO dispute settlement that have persisted across US administrations. The US cited as an example its concern over rulings containing interpretations deviating from the text of WTO agreements and creating precedents. It emphasized that the dispute settlement system was intended to resolve specific disputes rather than create new rules for members. The US reiterated that fundamental reform of WTO dispute settlement is needed and that it will reflect on the extent to which it is possible to achieve such a reformed WTO dispute settlement system.

    More than 20 members took the floor to comment, one speaking on behalf of a group of members. Several members urged others to consider joining the Multi-party interim appeal arrangement (MPIA), a contingent measure to safeguard the right to appeal in the absence of a functioning Appellate Body. A number welcomed the decision of Malaysia and Paraguay to join the MPIA.

    Colombia, on behalf of the 130 members, said it regretted that for the 87th occasion members have not been able to launch the selection processes. Ongoing conversations about reform of the dispute settlement system should not prevent the Appellate Body from continuing to operate fully, and members shall comply with their obligation under the Dispute Settlement Understanding to fill the vacancies as they arise, Colombia said for the group.

    Dispute settlement reform

    The DSB Chair said that, as members would recall from the last General Council (GC) meeting on 20-21 May, the GC Chair Ambassador Saqer Abdullah Almoqbel (Kingdom of Saudi Arabia) had informed members about his intention to consult with interested delegations on advancing work in three key areas, including dispute settlement reform. The consultations are now ongoing, the DSB Chair said.

    Surveillance of implementation

    The United States presented status reports with regard to DS184, “US — Anti-Dumping Measures on Certain Hot-Rolled Steel Products from Japan”,  DS160, “United States — Section 110(5) of US Copyright Act”, DS464, “United States — Anti-Dumping and Countervailing Measures on Large Residential Washers from Korea”, and DS471, “United States — Certain Methodologies and their Application to Anti-Dumping Proceedings Involving China.”

    The European Union presented a status report with regard to DS291, “EC — Measures Affecting the Approval and Marketing of Biotech Products.”

    Indonesia presented its status reports in DS477 and DS478, “Indonesia — Importation of Horticultural Products, Animals and Animal Products.” 

    Next meeting

    The next regular DSB meeting will take place on 23 June 2025.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Members advance discussions on special and differential treatment proposals

    Source: WTO

    Headline: Members advance discussions on special and differential treatment proposals

    Members heard updates from three facilitators of the discussions. Barbados, speaking on behalf of the G-90, presented a roadmap for future work leading up to the 14th Ministerial Conference (MC14) in March 2026, with a view to achieving possible outcomes at MC14 regarding the three proposals. The Group reiterated its commitment to advancing the proposals in a constructive, evidence-based and inclusive manner.
    The Chair, Ambassador Kadra Ahmed Hassan of Djibouti, briefed members on recent bilateral consultations with delegations and group coordinators regarding the Committee’s work going forward. She recognised willingness from members to engage in S&DT negotiations with flexibility and pragmatism.
    On the SPS and TBT proposals, the facilitator Daniel Lim of Singapore updated members on his consultations, encouraging collaboration with the SPS and TBT committees. He said he has been working with members and these committees to convene a thematic session in July, which would explore possible avenues to address the challenges and needs faced by developing economies and least developed countries (LDCs).
    The chairs of the SPS and TBT committees, Cecilia Risolo of Argentina and Daniela García of Ecuador, respectively, also provided detailed updates on their committees’ work, including efforts to enhance the implementation of S&DT for developing members and LDCs. Members were also encouraged to participate in the upcoming thematic session on TBT, scheduled for 24 June 2025.
    Regarding the issue of technology transfer to LDCs under TRIPS Article 66.2, the facilitator Joel Richards of Saint Vincent and the Grenadines informed members that an informal thematic information session is planned for 12 June 2025. This session will provide an opportunity for LDCs, donor members, external experts, private sector representatives and relevant international organizations to share insights into LDCs’ needs and how these can be effectively addressed. Several members also emphasized the importance of ensuring synergies with relevant technical committees.
    The facilitator Eduardo Terada Kosmiskas of Brazil submitted an update on his consultations regarding the proposal on trade-related investment measures. He called on members to continue to be flexible in exploring ways to advance discussions on the G-90 proposal.
    The Chair urged members to make full use of the facilitators and to continue engaging constructively. Members underlined the need for collaboration with relevant WTO bodies, with a view to fostering shared understandings and developing collective solutions to the specific challenges faced by developing economies, particularly LDCs. The Chair noted:  “With less than a year until MC14, it is clear that we need to work with a sense of urgency and stronger focus on results.”
    The negotiations taking place in the special session are mandated by Paragraph 44 of the 2001 Doha Ministerial Declaration.
    More information on special and differential treatment is available here.

    Share

    MIL OSI Economics

  • MIL-OSI Security: U.S. Attorney’s Office Filed 134 Border-Related Cases This Week

    Source: Office of United States Attorneys

    SAN DIEGO – Federal prosecutors in the Southern District of California filed 134 border-related cases this week, including charges of bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances.

    The U.S. Attorney’s Office for the Southern District of California is the fourth-busiest federal district, largely due to a high volume of border-related crimes. This district, encompassing San Diego and Imperial counties, shares a 140-mile border with Mexico. It includes the San Ysidro Port of Entry, the world’s busiest land border crossing, connecting San Diego (America’s eighth largest city) and Tijuana (Mexico’s second largest city).

    In addition to reactive border-related crimes, the Southern District of California also prosecutes a significant number of proactive cases related to terrorism, organized crime, drugs, white-collar fraud, violent crime, cybercrime, human trafficking and national security. Recent developments in those and other significant areas of prosecution can be found here.

    A sample of border-related arrests this week:

    • On May 16, Elizabeth Janeth Ramirez-Martinez, a U.S. citizen, was arrested and charged with Bringing in Aliens for Financial Gain. According to a complaint, Ramirez-Martinez was stopped at the Otay Mesa Port of Entry by Customs and Border Protection officers, who found a Vietnamese national crammed into a compartment in the dash of her vehicle. The undocumented immigrant told officers that before they made their way to the border, the defendant had placed him in the compartment and secured it using screws.
    • On May 19, Fernanda Barrios Monzon, a legal permanent resident of the U.S., was arrested and charged with Bringing in Unlawful Aliens without Presentation and Importation of a Controlled Substance. According to a complaint, the defendant drove her vehicle through the San Ysidro Port of Entry but was stopped when a Customs and Border Protection officer noticed a man lying on the floor of the vehicle, under the feet of the defendant’s children. The officer further discovered 271 pounds of methamphetamine hidden throughout the vehicle.
    • On May 20, Gustavo Hernandez Oliveros, was arrested and charged with Deported Alien Found in the U.S. According to a complaint, Border Patrol agents located Hernandez Oliveros hiding in brush about two miles north of the border and two miles east of the Otay Mesa Port of Entry. He was previously deported in November 2018.

    Also recently, a number of defendants with criminal records were convicted by a jury or sentenced for border-related crimes such as illegally re-entering the U.S. after previous deportation. Here are a few of those cases:

    • On May 23, Jair Valdez-Hernandez, a Mexican national who was previously convicted of felony attempted carjacking in 2017, was sentenced in federal court to 10 months in custody for illegally entering the U.S. After illegally reentering the U.S., in July 2024, Valdez-Hernandez was convicted of corporal injury to a spouse/cohabitant and within the two months following that conviction was arrested twice for violating domestic violence protective orders.
    • On May 23, Rogelio Herrera-Rodriguez, a Mexican national who was previously convicted of voluntary manslaughter and corporal injury to a spouse causing great bodily injury and removed from the United States, was sentenced in federal court to 24 months for again reentering the U.S. illegally.
    • On May 23, Sacramento Sagrero-Pahua, a Mexican national, was sentenced in federal court to 36 months in custody for bringing aliens to the United States for financial gain. On August 26, 2023, Sagrero-Pahua guided a group of eight illegal aliens into the United States near Otay Mountain before being caught by Border Patrol agents. Among the group Sagrero-Pahua guided was an armed guard, who brought a gun with him to protect the group as it traveled toward the U.S.-Mexico border.
    • On May 19, 2025, Oscar Eduardo Audelo-Rodriguez, a Mexican national, who admitted to fleeing border patrol agents by boat in Mission Bay, was sentenced in federal court to 8 months in custody for alien smuggling.

    Pursuant to the Department’s Operation Take Back America priorities, federal law enforcement has focused immigration prosecutions on undocumented aliens who are engaged in criminal activity in the U.S., including those who commit drug and firearms crimes, who have serious criminal records, or who have active warrants for their arrest. Federal authorities have also been prioritizing investigations and prosecutions against drug, firearm, and human smugglers and those who endanger and threaten the safety of our communities and the law enforcement officers who protect the community.

    The immigration cases were referred or supported by federal law enforcement partners, including Homeland Security Investigations (HSI), Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), Customs and Border Protection, U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), with the support and assistance of state and local law enforcement partners.

    Indictments and criminal complaints are merely allegations and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI USA: ICE investigation leads to indictment of 8 individuals with ties to China in transnational elder fraud scheme

    Source: US Immigration and Customs Enforcement

    PROVIDENCE, R.I. — A federal indictment returned in U.S. District Court in Providence charges eight individuals for their roles in orchestrating and executing an elaborate transnational fraud and money laundering scheme targeting elderly citizens in the United States and Canada.

    The U.S. Immigration and Customs Enforcement-led investigation identified approximately 300 individuals in at least 37 states who have been defrauded. At this time, victims are estimated to have suffered known losses exceeding $5 million. However, investigators have identified a bank account through which approximately $16 million in additional suspected fraud funds appear to have been laundered.

    According to the charging documents, members of the conspiracy sent pop-up messages to seniors’ computers, often styled to appear as if they were originating from a well-known technology company. The messages contained various false claims, including that that the victims’ financial accounts had been compromised, that their computers had been hacked, or that the victims had been identified as the target of a criminal investigation.

    The pop-up message contained information that directed victims to call a “live agent,” who informed the victims that their financial assets were at risk or could be garnished, but the agent could assist in protecting their assets. During a series of calls, victims were connected with others who falsely claimed to be “representatives” of the victim’s financial institutions or government agencies, including the Federal Trade Commission and Federal Reserve Bank. Those “representatives” were, in fact, members of the conspiracy.

    During these calls, some victims were instructed that, in order to protect their assets, they should initiate a transfer of their funds from their accounts via wire transfers and cryptocurrency transfers to accounts controlled by agencies the scammers purportedly represented. Other victims were told to withdraw their funds in cash, purchase gold bars and turn them over to a purported government courier who would come to their home for transfer to a secure government location. Still others were told to simply turn the cash over to a courier for safe keeping by the government.

    The indictment charges:

    • Nanjun Song 27, of Brooklyn, New York, a Chinese national who has allegedly overstayed a B2 visa, with conspiracy to commit wire fraud and conspiracy to commit money laundering. ICE Homeland Security Investigations Las Vegas arrested the defendant. He is detained in federal custody in Rhode Island.
    • Jirui Liu, 23, of Scarborough, Ontario, Canada, a citizen of China and Canada, whose U.S. visa has expired, with conspiracy to commit wire fraud and conspiracy to commit money laundering. HSI Providence arrested the defendant with assistance from the Connecticut State Police and Narragansett Police Department. He is detained in federal custody in Rhode Island.
    • Xiang Li, 37, of Flushing, New York, a Chinese national and with conspiracy to commit wire fraud and conspiracy to commit money laundering. HSI Providence with HSI New York and the New York City Police Department arrested the defendant. He was detained in New York and is being transferred to Rhode Island.
    • Xuehai Sun, 37, of Flushing New York, a Chinese national, with conspiracy to commit wire fraud. HSI Providence with HSI New York and the NYPD arrested the defendant and he appeared that day in U.S. District Court for the Eastern District of New York.
    • Fangzheng Wang, 24, of Westborough, Massachusetts, a Chinese national, with conspiracy to commit wire fraud. HSI Providence with HSI New England arrested the defendant and he is detained in federal custody in Rhode Island.
    • Cynthia Jia Sun, 25, of Houston, Texas, with conspiracy to commit wire fraud. HSI Houston with the Texas Department of Public Safety and is in federal custody in Houston arrested the defendant. She is awaiting transfer to Rhode Island.
    • Zhenyang Xin, 25, of Hamilton, Ontario, Canada, a Chinese national, with conspiracy to commit wire fraud. An arrest warrant has been issued for the defendant.
    • Wing Kit Ho, 22, of Markham, Ontario, Canada, a Canadian citizen born in Hong Kong, with conspiracy to commit wire fraud. An arrest warrant has been issued for the defendant.

    A federal indictment is merely an accusation. A defendant is presumed innocent unless and until proven guilty.

    HSI Providence and the Internal Revenue Service – Criminal Investigation led the investigation with assistance from and HSI New England, HSI New York, HSI Houston, and HSI Los Angeles, the Narragansett Police Department, East Providence Police Department, Texas Department of Public Safety, New York Police Department, Connecticut State Police. The United States Attorney’s Offices in the Eastern District of New York and Southern District of Texas provided valuable assistance.

    This investigation is an initiative of the Rhode Island Homeland Security Task Force, a multiagency task force focused on intelligence-driven, multi-jurisdictional operations to disrupt and dismantle the most significant drug traffickers, money launderers, gangs and transnational criminal organizations.

    MIL OSI USA News

  • MIL-OSI: Magnetic North Acquisition Corp. Provides Bi-Weekly Update on Status of Management Cease Trade Order

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta and TORONTO, May 23, 2025 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) (“Magnetic North” or the “Company”) is providing this bi-weekly update on the status of the management cease trade order granted on May 9, 2025 (the “MCTO”) by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”), following the Company’s announcement on May 8, 2025 (the “Default Announcement”) that it was unable to file its audited annual financial statements, ‎management’s discussion and analysis and related certifications for the year ended December ‎‎31, 2024 (the “Documents”) ‎on or before April 30, 2025, as required under applicable securities laws. The Company still expects to file the Documents by June 30, 2025.

    There are no material changes to the information contained in the Default Announcement. In addition: (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Documents is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Documents; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

    About Magnetic North Acquisition Corp.

    Magnetic North invests and manages businesses on behalf of its shareholders and believes that capital alone does not always lead to success. With offices in Calgary and Toronto, our experienced management team applies its considerable management, operations and capital markets expertise to ensure its investee companies are as successful as possible for shareholders. Magnetic North common shares and preferred shares trade on the TSX Venture Exchange under the stock symbol MNC and MNC.PR.A, respectively. The TSX Venture recently announced that Magnetic North is a “2021 TSX Venture 50” recipient. For more information about Magnetic North, visit its website at www.magneticnac.com. Magnetic North’s securities filings can also be accessed at www.sedar.com.

    For further information, please contact:


    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
    release.

    CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

    Certain statements in this news release are “forward-looking statements”, which reflect current ‎expectations of the ‎management of Magnetic North regarding future events or Magnetic North’s ‎future performance. All statements other than ‎statements of historical fact contained in this news ‎release may be forward-looking statements. Such forward-looking ‎‎statements involve known and unknown risks, uncertainties and other factors that may cause ‎actual results or ‎events to differ materially from those anticipated in the forward-looking ‎statements. Magnetic North believes that the ‎expectations reflected in such forward-looking ‎statements are reasonable, but no assurance can be given that these ‎expectations will prove to ‎be correct and such forward-looking statements should not be unduly relied upon. The ‎forward-‎looking statements are expressly qualified in their entirety by this cautionary statement. The ‎forward-‎looking statements are made as of the date of this news release and Magnetic North ‎assumes no obligation to update or ‎revise them to reflect new events or circumstances, except ‎as expressly required by applicable securities law. ‎Further information regarding risks and ‎uncertainties relating to Magnetic North and its securities can be found in the ‎disclosure ‎documents filed by Magnetic North with the securities regulatory authorities, available at ‎www.sedar.com.‎

    The MIL Network

  • MIL-OSI USA News: Reinvigorating the Nuclear Industrial Base

    Source: The White House

    By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

    Section 1.  Purpose.  The United States originally pioneered nuclear energy technology during a time of great peril.  We now face a new set of challenges, including a global race to dominate in artificial intelligence, a growing need for energy independence, and access to uninterruptible power supplies for national security. 
    It took nearly 40 years for the United States to add the same amount of nuclear capacity as another developed nation added in 10 years.Further, as American deployment of advanced reactor designs has waned, 87 percent of nuclear reactors installed worldwide since 2017 are based on designs from two foreign countries.At the same time, the Nation’s nuclear fuel cycle infrastructure has severely atrophied, leaving the United States heavily dependent on foreign sources of uranium as well as uranium enrichment and conversion services.These trends cannot continue.
    Swift and decisive action is required to jumpstart America’s nuclear energy industrial base and ensure our national and economic security by increasing fuel availability and production, securing civil nuclear supply chains, improving the efficiency with which advanced nuclear reactors are licensed, and preparing our workforce to establish America’s energy dominance and accelerate our path towards a more secure and independent energy future.

    Sec2.  Policy.  It is the policy of the United States to expedite and promote to the fullest possible extent the production and operation of nuclear energy to provide affordable, reliable, safe, and secure energy to the American people, to power advanced nuclear reactor technologies, as defined in 42 U.S.C. 16271(b)(1)(A), and to build associated supply chains that secure our global industrial and digital dominance, achieve our energy independence, protect our national security, and maximize the efficiency and effectiveness of nuclear fuel through recycling, reprocessing, and reinvigorating the commercial sector.

    Sec3.  Strengthening the Domestic Nuclear Fuel Cycle.  (a)  Within 240 days of the date of this order, the Secretary of Energy, in coordination with the Secretary of Defense, the Secretary of Transportation, and the Director of the Office of Management and Budget (OMB), shall prepare and submit to the President, through the Chair of the National Energy Dominance Council and the Director of the Office of Science and Technology Policy, a report that includes:

    (i.) a recommended national policy to support the management of spent nuclear fuel and high-level waste and the development and deployment of advanced fuel cycle capabilities to establish a safe, secure, and sustainable long-term fuel cycle;

    (ii.) a review of relevant statutory authorities to identify any legislative changes necessary or desirable to achieve the national policy recommended under subsection (a)(i) of this section; 

    (iii.) an evaluation of the reprocessing and recycling of spent nuclear fuel from the operation of Department of Defense and Department of Energy reactors and other spent nuclear fuel managed by the Department of Energy, along with a discussion of steps the Department of Defense and the Department of Energy are taking or must take to improve such reprocessing and recycling processes;

    (iv.) an analysis of legal, budgetary, and policy considerations relevant to efficiently transferring spent nuclear fuel from reactors to a government-owned, privately operated reprocessing and recycling facility;

    (v.) recommendations for the efficient use of the uranium, plutonium, and other products recovered through recycling and reprocessing;

    (vi.) recommendations for the efficient disposal of the wastes generated by recycling or reprocessing through a permanent disposal pathway;

    (vii.) a recommended process for evaluating, prior to disposal, nuclear waste materials for isotopes of value to national security, or medical, industrial, and scientific sectors;

    (viii.) a reevaluation of historic and current nuclear reprocessing, separation, and storage facilities slated for decommissioning and that are identified as having valuable materials, isotopes, equipment, licenses, operations, or experienced workers, and that may have potential fuel cycle or national security benefits if operations are continued or increased; and

    (ix.) a program to develop methods and technologies to transport, domestically and overseas, used and unused advanced nuclear fuels and advanced nuclear reactors containing such fuels in a safe, secure, and environmentally sound manner, including any legislation required to support this initiative     (b) Within 120 days of the date of this order, the Secretary of Energy, in consultation with the Chair of the Nuclear Regulatory Commission and the Director of OMB, shall develop a plan to expand domestic uranium conversion capacity and expand enrichment capabilities sufficient to meet projected civilian and defense reactor needs for low enriched uranium (LEU), high enriched uranium (HEU) and high assay, low enriched uranium (HALEU), subject to retention of such stockpiles as are necessary for tritium production, naval propulsion, and nuclear weapons. The plan shall be implemented based on the timeframes set forth in the plan.

      (b) Within 120 days of the date of this order, the Secretary of Energy, in consultation with the Chair of the Nuclear Regulatory Commission and the Director of OMB, shall develop a plan to expand domestic uranium conversion capacity and expand enrichment capabilities sufficient to meet projected civilian and defense reactor needs for low enriched uranium (LEU), high enriched uranium (HEU) and high assay, low enriched uranium (HALEU), subject to retention of such stockpiles as are necessary for tritium production, naval propulsion, and nuclear weapons. The plan shall be implemented based on the timeframes set forth in the plan.
      (c) The Secretary of Energy shall halt the surplus plutonium dilute and dispose program except with respect to the Department of Energy’s legal obligations to the State of South Carolina. In place of this program, the Secretary of Energy shall establish a program to dispose of surplus plutonium by processing and making it available to industry in a form that can be utilized for the fabrication of fuel for advanced nuclear technologies.
      (d) Within 90 days of the date of this order, the Secretary of Energy, in consultation with the Secretary of Defense as appropriate, shall update the Department of Energy’s excess uranium management policy to align with the policy objectives of this order and the Nuclear Fuel Security Act, factoring in the national security need to modernize the United States nuclear weapon stockpile. The Secretary of Energy shall prioritize contracting for the development of fuel fabrication facilities that demonstrate the technical and financial feasibility to supply fuel to qualified test reactors or pilot program reactors within 3 years from the date of such applications.
      (e) Within 30 days of the date of this order, the Secretary of Energy, in coordination with the Attorney General and the Chairman of the Federal Trade Commission, shall utilize the authority provided to the President in section 708(c)(1) of the Defense Production Act of 1950 (DPA) (50 U.S.C. 4558(c)(1)), which has been delegated to the Secretary of Energy pursuant to Executive Order 13603 of March 16, 2012 (National Defense Resources Preparedness), to seek voluntary agreements pursuant to section 708 of the DPA with domestic nuclear energy companies.The Secretary of Energy should prioritize agreements with those companies that have achieved objective milestones (e.g., Department of Energy-approved conceptual safety design reports, the ability to privately finance their fuel, or the demonstrated technology capability) for the cooperative procurement of LEU and HALEU, including as needed by the Federal Government for tritium production, naval propulsion, and nuclear weapons.
      (f)  The Secretary of Energy, the Attorney General, and the Chairman of the Federal Trade Commission shall take all necessary and appropriate steps under sections 708(c), (d), (e), and (f)(1)(A) of the DPA (50 U.S.C. 4558(c), (d), (e), (f)(1)(A)), for the Secretary of Energy to form agreements pursuant to subsection (e) of this section. 
      (g)  The Attorney General shall, after consultation with the Chairman of the Federal Trade Commission, consider whether to make the finding described in section 708(f)(1)(B) of the DPA (50 U.S.C. 4558(f)(1)(B)), with respect to any agreement and, no later than 30 days after any voluntary agreement is reached, shall publish such finding as appropriate. 
      (h)  Such voluntary agreements shall further allow consultation with domestic nuclear energy companies to discuss and implement methods to enhance the capability to manage spent nuclear fuel, including the recycling and reprocessing of spent nuclear fuel, to ensure the continued reliable operation of the Nation’s nuclear reactors.  Such voluntary agreements shall also allow industry consultation to establish consortia and plans of action to ensure that the nuclear fuel supply chain capacity, including milling, conversion, enrichment, deconversion, fabrication, recycling, or reprocessing, is available to enable the continued reliable operation of the Nation’s existing, and future, nuclear reactors.  The Secretary of Energy, consistent with applicable law, is authorized to provide procurement support, forward contracts, or guarantees to such consortia as a means to ensure offtake for newly established domestic fuel supply, including conversion, enrichment, reprocessing, or fabrication capacity.

      Sec4.  Funding for Restart, Completion, Uprate, or Construction of Nuclear Plants.  (a)  To maximize the speed and scale of new nuclear capacity, the Department of Energy shall prioritize work with the nuclear energy industry to facilitate 5 gigawatt of power uprates to existing nuclear reactors and have 10 new large reactors with complete designs under construction by 2030.  To help achieve these objectives, the Secretary of Energy, through the Department of Energy Loan Programs Office, shall, subject to the requirements of the Federal Credit Reform Act and other applicable law and OMB Circular A-11, prioritize activities that support nuclear energy, including actions to make available resources for restarting closed nuclear power plants, increasing power output of operating nuclear power plants, completing construction of nuclear reactors that was prematurely suspended, constructing new advanced nuclear reactors, and improving all associated aspects of the nuclear fuel supply chain.  
      (b) The Secretary of Energy shall also coordinate with the Secretary of Defense to assess the feasibility of restarting or repurposing closed nuclear power plants as energy hubs for military microgrid support, consistent with applicable law, focusing initially on installations with insufficient power resilience or grid fragility.
      (c) Within 180 days of the date of this order, the Secretary of Energy, in coordination with the Administrator of the Small Business Administration, shall, subject to the availability of appropriations, prioritize funding for qualified advanced nuclear technologies through grants, loans, investment capital, funding opportunities, and other Federal support. Priority shall be given to those companies demonstrating the largest degrees of design and technological maturity, financial backing, and potential for near-term deployment of their technologies.

      Sec5.  Expanding the Nuclear Energy Workforce. (a Nuclear engineering and other careers and education pathways that support the nuclear energy industry shall be considered areas of focus and priority pursuant to Executive Order 14278 of April 23, 2025 (Preparing Americans for High-Paying Skilled Trade Jobs of the Future).    
      (b)  Within 120 days of the date of this order, the Secretary of Labor and the Secretary of Education shall seek to increase participation in nuclear energy-related Registered Apprenticeships and Career and Technical Education programs by:
      (i)    using apprenticeship intermediary contracts and allocating existing discretionary funds, as appropriate and consistent with applicable law, to engage industry organizations and employers to perform a gap analysis of apprenticeship programs, and facilitate the development of Registered Apprenticeship programs, in nuclear energy-related occupations that are underrepresented;
      (ii)   encouraging States and grantees to use funding provided under the Workforce Innovation and Opportunity Act (Public Law 113-128), as amended, to develop nuclear engineering and other nuclear energy-related skills and to support work-based learning opportunities, including issuing related guidance to State and local workforce development boards and others regarding use of such funds for such purposes; and
      (iii)  consistent with applicable law, establishing nuclear engineering and other nuclear energy-related skills training and work-based learning as a grant priority in Employment and Training Administration and Office of Career, Technical, and Adult Education discretionary grant programs.
      (c)  Within 120 days of the date of this order, all executive departments and agencies that provide educational grants shall, as appropriate and consistent with applicable law, consider nuclear engineering and other nuclear energy-related careers as a priority area for investment.
      (d)  Within 120 days of the date of this order, the Secretary of Energy shall take steps to increase access to research and development infrastructure, workforce, and expertise at Department of Energy National Laboratories for college and university students studying nuclear engineering and other nuclear energy-related fields, and Department of Defense personnel affiliated with nuclear energy programs.

      Sec6.  Other Provisions.  Nothing in this order shall be construed to impair or otherwise affect OMB functions related to procurement actions and related policy.  This order shall be carried out subject to the budgetary, legislative, and procurement processes and requirements established by the Director of OMB, and coordinated with OMB, as appropriate, prior to the initiation of any new program, obligation, or commitment of Federal funds, or submission of any legislative or procurement proposal arising from this order.  This order shall be carried out in a manner which adheres to applicable legal requirements, conforms with nonproliferation obligations, and meets the highest safeguards, safety, and security standards.

      Sec7.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
      (i)   the authority granted by law to an executive department or agency, or the head thereof; or
      (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
      (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
      (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
      (d)  The Department of Energy shall provide funding for publication of this order in the Federal Register.

                                     DONALD J. TRUMP

      THE WHITE HOUSE,
          May 23, 2025.

    MIL OSI USA News

  • MIL-OSI USA: Risch Applauds President Trump’s Executive Orders on Nuclear Energy

    US Senate News:

    Source: United States Senator for Idaho James E Risch

    WASHINGTON – U.S. Senator Jim Risch released a statement today on President Donald Trump’s executive actions to expand American nuclear energy production and streamline the deployment of advanced civil nuclear technologies.  

    “Nuclear energy is America’s creation and will be essential to powering our nation’s future,” said Risch.“President Trump’s actions present a significant opportunity for the U.S. civil nuclear industry to support America’s growing energy demands, bolster national security, and reinforce America’s leadership in energy innovation.”

    On Friday, May 23, President Trump signed four executive orders to strengthen the American nuclear industrial base, expedite deployment of advanced nuclear technologies for national security, streamline testing on Department of Energy sites, and modernize the Nuclear Regulatory Commission.

    As a senior member of the Senate Energy and Natural Resources Committee and chairman of the Senate Foreign Relations Committee, Senator Risch is a leading voice on energy policy in the U.S. Senate. President Trump’s executive orders build on several priorities Risch has spearhead, including:

    • Promoting American Nuclear Exports: Risch led his colleagues in introducing the International Nuclear Energy Act to prioritize American dominance in nuclear energy and offset China and Russia’s growing influence on international nuclear energy development.

    • Fostering Nuclear Innovation: Risch co-founded the Senate Advanced Nuclear Caucus to amplify and support emerging nuclear technologies like those being developed at the Idaho National Laboratory. In a recent Washington Times editorial, Risch underscored the critical role of nuclear energy in powering America’s current and future energy needs.

    • Accelerating New Nuclear: Risch is a strong proponent of domestic nuclear energy production and the commercialization of advanced nuclear technologies, and has introduced legislation to accelerate new nuclear investment.

    • Reinvigorating the Nuclear Fuel Cycle: Risch was a leader in passing legislation to develop a domestic nuclear fuel supply chain and end U.S. reliance on Russian uranium.

    MIL OSI USA News

  • MIL-OSI USA: News 05/23/2025 Blackburn, Welch, Gooden, Ross Introduce Bill to Speed Up Patent Process for Critical and Emerging Technologies

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    NASHVILLE, Tenn. – U.S. Senators Marsha Blackburn (R-Tenn.) and Peter Welch (D-Vt.) and U.S. Representatives Lance Gooden (R-Texas) and Deborah Ross (D-N.C.) introduced the bipartisan, bicameral Leadership in Critical and Emergency Technology (CET) Act, which would encourage innovation in critical and emergency technologies by ensuring those patent applications receive prompt consideration by the U.S. Patent and Trademark Office (USPTO):

    “The United States cannot afford to fall behind to the Chinese Communist Party in the research and development of critical and emerging technology,” said Senator Blackburn. “My bipartisan Leadership in CET Act would expedite the patent review process to ensure we regain our competitive edge.”

    “China has made significant strides in emerging technologies like artificial intelligence and is working rapidly to surpass the United States as a world leader in the field. Accelerating our research and development in critical technologies is a vital step to maintaining our leadership on the world stage,” said Senator Welch. “Our bipartisan bill will boost our competitiveness and ensure we’re at the forefront of setting global standards for emerging technologies.”

    “The Leadership in CET Act will secure American global dominance in transformative technologies like AI and semiconductors, said Congressman Gooden. “Through streamlining patent approvals, we will foster innovation and drive progress in these critical fields.”

    “America has always been a forerunner in technology and innovation, and we cannot fall back now,” said Congresswoman Ross. “The Leadership in Critical and Emerging Technologies Act will fast-track American innovation in key fields, empower inventors in the Research Triangle and beyond, and help us outperform our global competitors. North Carolina’s innovators are ready to lead, and this bipartisan legislation will give them the tools to do so. We have taken significant strides toward revitalizing American innovation and strengthening our competitiveness, and we must continue to build on that progress.”

    BACKGROUND

    • Communist China has significantly strengthened its research and development efforts and now leads the world in 57 of 64 critical technologies.
      • This is an increase from 52 technologies in 2021 and a drastic leap from the mid-2000s, when China was leading in just three. 
    • The U.S. historically has been the world’s dominant research power, leading in research for 60 out of 64 technologies from 2003-2007. That number has since dropped to seven, with notable holdouts in advanced information and communication technologies, semiconductor design, and certain quantum capabilities.
    • Chinese President Xi Jinping, through a series of government proclamations, has accelerated fundamental scientific research so it can become self-reliant in critical technologies.
    • In 2022, Chinese institutions applied for 29,853 AI-related patents—almost 80% more than U.S. filings.
      • In 2024, China was listed as a high risk to monopolize 24 critical and emerging technology areas.

    LEADERSHIP IN CET ACT

    • The Leadership in CET Act would:
      • Require the Under Secretary of Commerce for Intellectual Property and Director of the USPTO to establish and carry out a pilot program to expedite the examination of 15,000 patent applications pertaining to certain capabilities in artificial intelligence, semiconductor design, and quantum information science;
      • Prevent foreign entities of concern from participating in the program;
      • Provide the USPTO a one-time reauthorization authority if deemed necessary; and
      • Require the USPTO Director to submit a report to Congress assessing the impact and effectiveness of the pilot program based on all available data following the program’s termination.

    ENDORSEMENTS

    This legislation is endorsed by the High Tech Inventors Alliance, the Innovation Alliance, and theComputer & Communications Industry Association.

    RELATED

    Click here for bill text.

    MIL OSI USA News

  • MIL-OSI Security: Trader Arrested for Stealing Trade Secrets From Global Quantitative Trading Firm

    Source: US FBI

    Edward Y. Kim, the Acting United States Attorney for the Southern District of New York, and James E. Dennehy, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of an Indictment charging CHEUK FUNG RICHARD HO with theft and attempted theft of trade secrets.  The charges in the Indictment arise from HO’s alleged scheme to steal trade secrets from his former employer (“Firm-1”), a global quantitative trading firm.  HO was arrested this morning in Los Angeles, California, and will be presented this afternoon before U.S. District Court for the Middle District of California, Magistrate Judge the Honorable Joel Richlin.

    Acting U.S. Attorney Edward Kim said: “As alleged, Cheuk Fung Richard Ho abused the trust his former employer placed in him and stole trade secrets to use at his own quantitative trading firm.  Ho allegedly tried to cover his tracks by lying to his former employer repeatedly and asking his employees to delete evidence.  Thanks to the FBI, Ho is now in custody.”

    FBI Assistant Director in Charge James E. Dennehy said: “Cheuk Fung Richard Ho allegedly stole and unlawfully shared private proprietary information to clandestinely develop his own firm in collaboration with his employer’s competitors.  The defendant allegedly abused his trusted position by breaching company confidentiality agreements to the detriment of his former firm.  The FBI will continue to apprehend any individual who attempts to garner success through manipulative and dishonest business strategies.”

    As alleged in the Indictment:[1]

    From approximately July 2019 to approximately August 2021, HO was a research developer and quantitative trader at Firm-1, a global, quantitative trading firm, which trades in equities and other securities on exchanges located in the U.S. and abroad.  Firm-1’s proprietary source code (“Firm-1’s Source Code”), the development of which took years and cost Firm-1 more than one billion dollars, has been the linchpin of Firm-1’s success in these markets.  During the period of HO’s employment at Firm-1, Firm-1 took substantial measures to protect the confidentiality of its Source Code.  Among other things, Firm-1 limited access to Firm-1’s Source Code to only those individuals, like HO, who needed access to it in connection with the duties of their employment.  Employees with access to Firm-1’s Source Code were required to enter into agreements with Firm-1 in which they acknowledged the importance of keeping Firm-1’s Source Code secret and promised to protect the confidentiality of that Source Code throughout their employment—and after their employment concluded.  Firm-1 also implemented numerous physical and network security protocols to prohibit unauthorized access to Firm-1’s Source Code.

    In or about the spring of 2021, HO secretly started his own quantitative trading firm (“Firm-2”), which partnered with one of Firm-1’s competitors (“Firm-3”). While still employed at Firm-1, and while taking advantage of the nearly complete access to Firm-1’s Source Code afforded to him as a result of that employment, HO stole valuable trade secrets from Firm-1 (the “Stolen Trade Secrets”) for use in developing the source code for Firm-2 (“Firm-2’s Source Code”). The Stolen Trade Secrets included, among other things, some of the very building blocks of Firm-1’s Source Code, known as “Atoms,” as well as some of its predictive formulas, known as “Alphas.” By stealing these trade secrets, HO was able to quickly launch Firm-2 and begin trading successfully.

    Aware that he had misappropriated Firm-1’s trade secrets—and knowing that this theft would injure Firm-1—HO repeatedly lied to Firm-1 about his plans after his employment with Firm-1 concluded.  For example, when Firm-1 asked HO about his post-Firm-1 employment plans, HO omitted any mention of the fact that he had started Firm-2 and he misrepresented his affiliation with Firm-3.  And once Firm-1 learned that HO had started Firm-2, HO sought to destroy evidence.  He directed his employees to delete their internal communications and further directed them to delete the source code history for Firm-2’s Source Code, a direction that HO’s employees did not follow.

    *               *                *

    HO, 36, of Los Aneles, California, is charged with one count of theft and attempted theft of trade secrets, which carries a maximum sentence of 10 years in prison.

    The statutory maximum sentence in this case is prescribed by Congress and is provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge.

    Mr. Kim praised the investigative work of the FBI.

    This case is being handled by the Office’s Complex Frauds and Cybercrime Unit.  Assistant U.S. Attorneys Rushmi Bhaskaran and Ni Qian are in charge of the prosecution.

    The allegations in the Indictment are merely accusations, and the defendants are presumed innocent unless and until proven guilty.


    [1] As the introductory phrase signifies, the entirety of the text of the Indictment, and the description of the Indictment set forth herein, constitute only allegations, and every fact described should be treated as an allegation.

    MIL Security OSI

  • MIL-OSI United Kingdom: Cambridgeshire and Peterborough to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    Cambridgeshire and Peterborough to benefit from recent trade deals

    Manufacturing in Cambridgeshire and Peterborough are set to benefit from the UK’s new trade deals with India, the US and the EU that slashes tariffs and boosts access to the world’s fastest growing economy.

    • Prime Minister to meet with the Mayor of Cambridgeshire and Peterborough Mayor Paul Bristow
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change
    • Delivers major jobs boost for local manufacturing that employs 16% of all people

    Manufacturing in Cambridgeshire and Peterborough are set to benefit from the UK’s new trade deals with India, the US and the EU that slashes tariffs and boosts access to the world’s fastest growing economy.  

    The deals negotiated by the Prime Minister delivers long-term certainty for local manufacturing that employs over 51,000 people – 16% of all jobs in the region.    

    Reducing tariffs on machinery and medical equipment will support employers with a significant presence in the region like Paragraf, Hutchinson and Bradshaw Electric Vehicles to grow and create more jobs – delivering on our Plan for Change.  

    Prime Minister Keir Starmer said:   

    The trade deals that we have closed provides certainty for 51,000 people in the region who are employed in manufacturing, delivers security for their families and puts more in people’s pockets.   

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.    

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across the Cambridgeshire and Peterborough Combined Authority.

    36,116 people employed in agriculture will also benefit from our deal with the EU. It reduces checks and red tape, meaning that produce grown and farmed in East Anglia now has easy access to the UK’s biggest trading market. 

    The agreement also protects British steel exports from new EU rules and restrictive, providing further security for 1,375 people working in the steel industry across the East of England. 

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.    

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.    

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in Cambridgeshire and Peterborough, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Our deal with India is set to benefit every corner of the UK, including manufacturing in Cambridgeshire and Peterborough, that according to the latest available data contributed £4.4 billion to the UK economy.  

    Under the Free Trade Deal that was concluded, the barriers to trading have been dropped, with India agreeing to reduce tariffs on products including advanced machinery and medical devices that are made in the Cambridgeshire and Peterborough.   

    Dr Uday Phadke, Executive Chairman of Accelerator India, and Chief Executive of the Triple Chasm Company, Cartezia Ltd and Director of the Research & Development Society, said:

    The recent UK trade deals are a significant step forward in strengthening the global position of UK science and technology. 

    At Triple Chasm Company, we see these agreements as a powerful enabler of cross-border innovation, expanding our commercialisation services across key markets in the US, Europe, and India. 

    These deals not only boost our growth in global innovation clusters but also reinforce our confidence to invest further in the UK. We commend the UK Government for its credibility and strategic vision in securing agreements that directly support ambitious, innovation-led businesses like ours.

    Cambridge is uniquely placed to benefit from the deals that we have secured, whether that’s the reduced tariffs from our India Free Trade Deal on medical devices that will unleash more opportunities in life sciences. 

    In another win for the region’s world class research and development sector, our agreement with the US opens the way to future technology partnership where our two science-rich nations will collaborate in biotech, life sciences, quantum computing, nuclear fusion, aerospace and space.  

    Just this week, the Prime Minister acted in the national interest by confirming a new agreement with the European Union that will deliver on his core mission to grow the economy, creating more jobs in the Cambridgeshire and Peterborough, raising standards and putting more money in people’s pockets.    

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: West Midlands to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    News story

    West Midlands to benefit from recent trade deals

    The automotive sector in the West Midlands is set to benefit from new trade deals with India and the US that slashes tariffs and boosts access to the world’s fastest growing economy.

    • Prime Minister to meet with the Mayor of the West Midlands Richard Parker to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • US and India trade deals deliver a major boost for the West Midlands’ automotive industry, that employs 50,000 people.

    The automotive sector in the West Midlands is set to benefit from new trade deals with India and the US that slashes tariffs and boosts access to the world’s fastest growing economy. 

    This means long-term stability for 50,000 people employed in the sector and security for their families.  

    It will also deliver opportunities for major job creators in the region like Jaguar Land Rover to grow – the first priority of our Plan for Change.  

    Prime Minister Keir Starmer said:  

    These trade deals that we have closed delivers stability for 50,000 workers employed in automotive manufacturing in the West Midlands.   

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.   

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across the West Midlands.

    40,000 people employed in agriculture across the region will also benefit from our deal with the EU. It means less checks and red tape, meaning that produce grown in the West Midlands has easy access to the UK’s biggest trading partner. 

    British steel exports are also protected from new EU rules and restrictive tariffs, through a bespoke arrangement for the UK. With this new agreement with the EU and our recent UK-US trade deal, we are helping to protect the 5,000 people working in the steel industry across the West Midlands.

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.       

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.      

    Anthony Bamford, JCB Chairman said:

    I’m very pleased that the UK Government have got both the US and India trade deals over the line. India is the world’s most populous country with over 1.4 billion people living in the world’s largest democracy. I know from JCB’s experience of making and selling machines in India that British businesses looking to trade with India will be welcomed with open arms. The opportunity is huge, and the Free Trade Agreement will open the door to much improved trade between our countries – in both directions.

    The USA is the world’s largest market for construction equipment. JCB has been manufacturing there for 50 years, so it’s vital we have a strong presence in the US market. We will carry on with our recently announced plans to double the size of our new factory in San Antonio, Texas but the USA will still remain an important export market for certain UK-made machines. Ultimately, we need the removal of that 10% baseline tariff to support the export side of our business.

    Business and Trade Secretary Jonathan Reynolds said:

    “The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in the West Midlands, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Foreign Secretary David Lammy said: 

    The Economic Prosperity Deal is the first such agreement made by this US administration and a testament to the deep and enduring relationship that the UK and US share.

    We are going further and faster to deliver economic growth, working with our allies around the world to drive prosperity and give certainty to businesses and customers alike.

    The trade deals with India and the US will unlock new opportunities for the West Midlands, where 32% of the automotive workforce is based.  

    Under the Free Trade Deal that was concluded, tariffs on cars sold to India will come down from over 100% to 10% under a quota, while other tariff reduction will support the region’s advanced manufacturing sector. 

    Our deal with the US negotiated in the same week, is set to benefit every corner of the UK, including the West Midlands that exported £8.5 billion to the US in 2024, more than any other region in the UK.  

    The benefits of the deal for local businesses and workers are relevant for Oliver Christian, a graduate of Keele University and the UK’s new Trade Commissioner to North America.   

    His Majesty’s Trade Commissioner for North America and His Majesty’s Consul General to New York, Oliver Christian, said:   

    As a Keele University graduate, I’m proud to be championing the UK and the West Midlands in North America, especially at such a crucial time.    

    The US is one of the West Midlands’ biggest export destinations. Over half of those exports come from the automotive industry, with some of the UK’s most well-known car manufacturers based in the area including Jaguar Land Rover and Aston Martin.   

    The deal we have negotiated will cut tariffs on cars from 27.5% to 10% for 100,000 vehicles every year, saving millions for carmakers in the region and protecting thousands of jobs.

    Just this week the Prime Minister acted in the national interest by confirming a new agreement with the European Union that will deliver on his core mission to grow the economy, creating more jobs in the West Midlands, raising living standards and putting more money in people’s pockets.     

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: London to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    News story

    London to benefit from recent trade deals

    London’s top job creators including Diageo are set to benefit from the UK’s trade deals with India, the US and EU that slashes tariffs and boosts international trade.

    • Prime Minister to meet with the Mayor of London Sadiq Khan to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • Delivers mayor boost to job creators like Diageo that supports 100,000 jobs.

    London’s top job creators including Diageo are set to benefit from the UK’s trade deals with India, the US and EU that slashes tariffs and boosts international trade.  

    The deals negotiated by the Prime Minister deliver long-term certainty for London-based firms like Diageo that supports 100,000 jobs throughout its value chain.  

    The agreement also opens the way for London’s AI sector, that is currently worth £8.4 billion and employs 38,000 people in the city to grow – the first priority of our Plan for Change. 

    Prime Minister Keir Starmer said:  

    The trade deals that we have closed delivers stability, security and opportunities for firms across London.  

    It also will create opportunities for seamless trade with our key international partners, attracting investment into the capital, that will grow the economy and make a difference to Londoners. 

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across London.

    45,592 people employed in agriculture in the Greater London and the South East of England region will also benefit from our deal with the EU. It means less checks and red tape,  meaning that food and drink exported from the capital has easy access to the UK’s biggest trading partner. 

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.   

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.   

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in the capital, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.  

    Rohan Malik, EMEIA and UKI Government & Public Sector Managing Partner, EY said:    

    This agreement is poised to accelerate an economic partnership that is already thriving, with the value of total trade between the UK and India having more than doubled from £16.6 billion to £40 billion over the last decade.   

    British business stands to benefit substantially from enhanced access to one of the world’s largest export markets and a skills pool that can fuel strategically important UK sectors, including professional services and emerging industries based around data and AI.   

    Our increased trade with India will unlock opportunities for every part of the UK – including Greater London.  

    It delivers a major boost to London based firms like Diageo, that supports 100,000 jobs by opening up iconic UK spirits to the world’s fastest growing economy.  

    Both deals deliver significant benefits for London’s financial services hub, with the capital home to firms like EY who provide services to more than 150 countries and territories. 

    We will also support the cutting-edge AI sector in the capital – that has 52% of all firms nationwide, contributes £8.4 billion and supports 38,000 jobs by removing red tape for firms trying to export to the US and putting rocket boosters on the sector that already contributes so much to the UK economy.  

    Just this week the Prime Minister acted in the national interest by confirming a new agreement with the EU that will deliver on our core mission to grow the economy, creating more jobs in Greater London and putting more money in people’s pockets.   

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: East Midlands to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    East Midlands to benefit from recent trade deals

    Top job creators in the East Midland’s thriving aerospace industry are set to benefit from new trade deals with the US and India.

    • Prime Minister to meet with the Mayor of the East Midlands Claire Ward to discuss the benefits of his recent trade deals.  
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • Boost for job creators including region’s aerospace industry that employs more than 23,000 people.

    Top job creators in the East Midland’s thriving aerospace industry are set to benefit from new trade deals with the US and India. 

    Reducing India’s tariffs on machinery, reducing the US tariff on cars and removing American tariffs on UK aerospace will support employers with a significant presence in the region like Rolls Royce.  

    This also means long-term stability for 23,000 employed in the sector and security for their families, which is a cornerstone of our Plan for Change. 

    Prime Minister Keir Starmer said: 

    The trade deals that we have closed delivers stability for the aerospace sector in the East Midlands that employs 23,000 people.

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.    

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across the East Midlands.

    More than 30,000 people employed in agriculture across the East Midlands are set to benefit from our deal with the EU. It means less checks and red tape, meaning farmers and producers who grow food across the region now have easy access to the EU – the UK’s biggest trading partner.  

    The agreement also protects British steel exports from EU rules and restrictive tariffs, further supporting 2,010 people working in the steel industry across the East Midlands. 

    Last year, 740 businesses in the East Midlands exported £308 million in good to India. The Free Trade Deal agreed on 6 May opens up new opportunities for fashion brands in the East Midlands to grow their business in India with zero duties on imports.   

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.      

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.     

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in the East Midlands, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Under the Free Trade Deal that was concluded, the barriers to trading have been dropped, with India agreeing to reduce tariffs on products including advanced machinery and aerospace and medical devices that are made in the East Midlands.  

    Based on 2022 trade alone, this amounts to India cutting tariffs worth over £400 million when the deal comes into force, which will more than double to around £900 million after 10 years.    

    Just this week the Prime Minister acted in the national interest by confirming a new agreement with the EU that will deliver on our core mission to grow the economy, creating more jobs in Hull and East Yorkshire and putting more money in people’s pockets.  

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Merseyside to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    Merseyside to benefit from recent trade deals

    The three trade deals that we have struck in three weeks will boost Liverpool’s automotive sector that employs 5,000 people, with tariffs on car exports slashed alongside a range of other measures.

    • Prime Minister to meet with the Mayor of the Liverpool City Region Steve Rotheram to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • Boost for job creators including the region’s automobile industry that employs 5,000 people.

    The three trade deals that we have struck in three weeks will boost Liverpool’s automotive sector that employs 5,000 people, with tariffs on car exports slashed alongside a range of other measures. 

    Reducing India’s tariffs on machinery, slashing tariffs on car exports in both deals and our agreement with the US to remove the 25% tariff on steel provides stability for the biggest employers in the region like Ford and Jaguar Land Rover. 

    This means greater job security for workers, stronger economic growth to supporting more jobs and higher living standards across Merseyside – priorities that we are delivering through our Plan for Change.

    The Prime Minister Keir Starmer said:

    The trade deals that we have closed delivers stability for the automobile industry in Liverpool that employs 5,000 people. 

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.   

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across Merseyside.

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.     

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.    

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need.

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For Merseyside businesses, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Our increased trade with India will unlock opportunities for every region in the UK to access the world’s fastest growing economy, including Merseyside. The area is renowned for its music industry, which will benefit from copyright protections enshrined in the deal and a commitment that works will continue to be protected for at least 60 years. 

    Under the Free Trade Deal that was concluded, tariffs on cars sold to India will come down from over 100% to 10% under a quota.

    In another win for the region, tariff reduction agreed with India on advanced manufacturing will benefit Liverpool’s port that is close to more than 50% of UK manufacturers and has the capability to service 95% of the world’s largest container ships. 

    UK Music Chief Executive Tom Kiehl said:

    The Government’s recent trade deals are welcome progress towards boosting further growth of the UK music industry which already contributes £7.6 billion annually to the economy. 

    Commitments made in the UK-EU agreement to support cultural exchange for touring artists are an important first step.

    In the same week, we negotiated a first of its kind agreement with the US that will reduce tariffs on car exports to 10% for the first 100,000 vehicles per year, almost the total number of UK vehicles exported to the country last year.  

    Just this week, the Prime Minister acted in the national interest by confirming a new agreement with the European Union that will deliver on his core mission to grow the economy, creating more jobs in Merseyside, raising living standards and putting more money in people’s pockets.   

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Heads of G7 Export Credit Agencies – Meeting Communiqué – 2025

    Source: United Kingdom – Government Statements

    News story

    Heads of G7 Export Credit Agencies – Meeting Communiqué – 2025

    The meeting of the heads of G7 Export Credit Agencies met in London, United Kingdom to discuss international trade.

    The leaders of official export credit agencies (ECAs) of the G7 nations (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America) met in London on 19-20 May, hosted by UK Export Finance, to discuss recent business trends and challenges.

    Serving national customers was at the heart of the meeting. Discussions took place on strengthening supply chains with a focus on critical and raw materials, enhancing domestic support programmes, and adapting to evolving economic and policy landscapes.

    The group also talked about the evolving ECA landscape, the challenges arising from increasing overlap of trade and development, the increasing need to focus on support in emerging markets and mobilise private finance.

    There was a constructive discussion on G7 ECA business under the Arrangement on Officially Supported Export Credits and the Group recognised the need to maintain the level playing field; transparency, relevancy and energy were key issues explored.

    We discussed how best to leverage digital innovation to improve efficiency and better meet customers’ needs. There was agreement that there is a need for investment in AI and digitalisation in order to keep pace with business.

    Acknowledging that we are operating in shifting political times, we agreed that our strength lies in our collaboration. By working together, sharing risks, and trying to resolve challenges together, we can enhance our resilience as ECAs and expand our global outreach, and in doing so we will help support economic growth and stability at home.

    A parallel Growing Professionals programme, now in its fourth year, explored practical innovations in export finance. The initiative brought together seven Growing Professionals from each organisation and aims to foster the next generation of international trade professionals.

    The next meeting is scheduled to be held in Spring 2026 and hosted by US EXIM in Washington.

    Agreed by the Heads of the G7 ECAs/Guardian Authorities.

    Atsuo Kuroda (NEXI, Japan), Bastian Kern (Export Credit Guarantees Germany), Tim Reid (UKEF), Alison Nankivell (EDC, Canada), Armel Castets (Export Finance and Trade Promotion Division, France), James C. Cruse (US EXIM), Paola Valerio (SACE, Italy).

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Northern Ireland to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Northern Ireland to benefit from recent trade deals

    Trade deals with India, US and the EU to help drive growth in Northern Ireland as tariffs on key industries slashed.

    • Prime Minister to meet with the First Minister and Deputy First Minister of Northern Ireland to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • Delivers job security for workers in Northern Ireland and will create more highly skilled jobs in communities.

    Trade deals with India, US and the EU to help drive growth in Northern Ireland as tariffs on key industries slashed.

    These deals will deliver benefits that communities across Northern Ireland will feel – supporting job creation, reducing costs and expanding export opportunities.

    This means stronger economic growth across Northern Ireland – delivering our Plan for Change.

    Prime Minister Keir Starmer said:

    These trade deals deliver long term security for people in Northern Ireland. They will create opportunities for more seamless trade and attract inward investment to grow the economy, making a difference to people’s lives.   

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across Northern Ireland.

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.  

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.  

    Tina McKenzie, Policy Chair of the Federation of Small Businesses (FSB): 

    An SPS deal is a win and signals the beginning of making sure that businesses in Northern Ireland face less bureaucracy.

    Three deals in two weeks is a very positive start to trade negotiations. There’s more work to be done, but let’s keep it going. An agreement with the US, greater opportunities for trade with India and the UK-EU deal mark a major reset in relationships, moving us away from the stalemate of the past. This represents progress which can help drive growth and opportunity for businesses in Northern Ireland.

    We must continue to build better relationships and work more closely with our closest trading partners. If we can harness the potential which deals with the EU, India and the US provide, we can turn ambition into success.

    Last year, 143 business exported £65 million in goods to India last year. Our deal means the total number of exports from Northern Ireland is likely to grow as it is set to halve the tariffs on Irish Whiskey from 150% to 75% before they reduce to 40% over ten years.

    In addition, advanced manufacturing that accounts for 11% of employment in Northern Ireland will benefit from India reducing or eliminating tariffs across a wide range of industrial products, including aerospace, medical technologies, or electronics.

    India’s commitment to increasing trade with Northern Ireland is further demonstrated in the opening of a Consulate in Belfast in March this year.

    For the first time ever, the landmark US-UK deal will open up exclusive access for UK beef to the US market. This is a major opportunity for Northern Ireland farmers to sell their high-quality beef to a market of over 300 million people, helping farmers grow their business.

    The deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors. The Government is continuing talks on a wider UK-US Economic Deal which will look at increasing digital trade, access for our world-leading services industries and improving supply chains. 

    The Secretary of State for Northern Ireland, Hilary Benn, said:

    These deals open the door to new export opportunities for Northern Ireland, giving businesses greater access to some of the world’s largest markets.

    With smoother trade into the EU, growing export opportunities with the US and India, as well as smoother movement of goods within the UK, Northern Ireland is uniquely positioned for investment and growth, and these deals will boost key sectors like agri-food, biotech, and whiskey—strengthening Northern Ireland’s economy and supporting jobs.

    This strategic partnership with the EU will also support jobs and growth in Northern Ireland whilst protecting Northern Ireland’s unique access to the EU single market provided by the Windsor Framework. The agri-food agreement with the EU will remove Sanitary/Phytosanitary (SPS) frictions, reducing costs and protecting the UK’s internal market. The security and defence deal will strengthen our security and support Northern Ireland defence businesses, and cooperation on law enforcement will help prevent crime and bring perpetrators to justice, and linking our Emissions Trading System schemes will help avoid hikes in bills and prices.

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need.

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in Northern Ireland, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Not a competition, but a confession: who became Mister and Miss Polytech 2025?

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The long-awaited final of the creative project “Mr. and Miss Polytech” took place – an event that became a real celebration of self-expression, beauty and inner light.

    This year the competition was held under the slogan “In the reflection of yourself”, deeply symbolic and philosophical. Each of us is a mosaic of feelings, experiences, states. We change day after day, living joys and trials, discovering new sides of ourselves. Mirror reflection is not just an image looking at us from the other side. It demonstrates not only external changes, but also internal growth, overcoming obstacles, searching for your individuality. It is a look inside. It is a meeting with your true self, with who we have become and what we strive for.

    The Mister and Miss Polytech project is more than a beauty and talent contest. It is a space for reflecting the soul, for finding and showing the world your true self. The participants did not play roles – they searched for themselves, explored their essence and shared their innermost.

    The selection stage was intense: over three days, the organizers held 43 interviews and selected 18 participants, 9 of whom reached the final. For three months, the finalists went through a real path of self-knowledge and personal growth. With the help of experienced mentors, they learned to accept themselves, demonstrate their strengths and overcome internal barriers.

    The participants were assessed by a competent jury: Head of the Public Relations Department Marianna Dyakova, Chairman of the Trade Union of Students of SPbPU Maxim Susorov, Chief Organizer of the Mister and Miss Polytech 2022-2024 contests and former responsible for the PROF.event service Olga Goreva, as well as Mister and Miss Polytech 2024 — Svyatoslav Stolbov and Arina Kolbasova. They considered not only artistry, but also sincerity, depth of personality, and creative approach.

    “Mr. and Miss Polytech” is the flagship project of PROF, helping to realize, accept and develop one’s own personality through the prism of creativity. Mr. and Miss Polytech 2025 were 2nd-year student of IMMiT Alim Isaev and 2nd-year master’s student of IBSiB Maria Shevaldina. They reminded the audience how important it is to listen to your inner child and believe in yourself. During the performance, the guys not only presented creative numbers, but opened the doors to the world of their thoughts and feelings, allowing each person in the White Hall to see their stories.

    Vice-Mr. was a 2nd-year student of IPMEiT Andrey Krasnyakov. Vice-Miss was a 1st-year student of IPMEiT Sofia Kryukova. They showed that love for music, energy and charisma can become a huge motivation to achieve your dream. The Audience Award was won by 4th-year student of IPMEiT Sergey Radchenko with a magnificent dance. Watching Sergey’s performance, the audience felt that sincere love for your hobby can overcome any obstacles and win the hearts of the public.

    A distinctive feature of this year was the participants’ individual video business cards and visual accompaniment, immersing the audience in the atmosphere of each number. The final was attended by more than 200 people, and the stage itself was filled with not just finalists, but individuals who had gone through a path of internal transformation and self-knowledge.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Europe: Latest news – 26 May – 28 May: External parliamentary activities

    Source: European Parliament

    The week of 26 May is dedicated to external parliamentary activities. That includes work back home, in Members’ constituencies, as well as missions outside Parliament’s places of work. During this week, a delegation of the Committee on Development Members will go on a mission to Mauritania, delegates of the Committee on International Trade will travel to Washington, D.C., while the Committee on Budgets will send a delegation on mission to Montenegro. Follow the links below to discover this week’s highlights.

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – Granting equivalence to Moldova and Ukraine for field inspections and seed production – P10_TA(2025)0110 – Thursday, 22 May 2025 – Brussels

    Source: European Parliament

    (Text with EEA relevance)

    THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

    Having regard to the Treaty on the Functioning of the European Union, and in particular Article 43(2) thereof,

    Having regard to the proposal from the European Commission,

    After transmission of the draft legislative act to the national parliaments,

    Having regard to the opinion of the European Economic and Social Committee(1),

    Acting in accordance with the ordinary legislative procedure(2),

    Whereas:

    (1)  Council Decision 2003/17/EC(3) provides that, under certain conditions, field inspections carried out on certain seed-producing crops in the third countries listed in Annex I to that Decision are to be considered equivalent to field inspections carried out in accordance with Union law and that, under certain conditions, seed of certain species produced in those third countries is to be considered equivalent to seed complying with Union law.

    (2)  In 2022, the Republic of Moldova submitted a request to the Commission for the granting of equivalence to its system of field inspections of seed-producing fodder plant crops and to fodder plant seed produced and certified in the Republic of Moldova.

    (3)  The Commission examined the relevant legislation of the Republic of Moldova. It also carried out, in 2016, an audit of the system of official controls and of certification of cereal, vegetable and oil and fibre plant seed in the Republic of Moldova and published its findings in a report. Following the receipt of additional documentation from the Republic of Moldova, the Commission considered that all recommendations made in the audit report had been addressed in a satisfactory manner. On the basis of the audit and the additional documentation, the Commission has concluded that the national authorities responsible for the implementation of seed certification in the Republic of Moldova are competent, have adequate facilities in place and operate appropriately. Those authorities are also responsible for field inspections of seed-producing fodder plant crops and for the certification of fodder plant seed.

    (4)  On the basis of the examination of the legislation of the Republic of Moldova and of the audit, the Commission has concluded that the field inspections of seed-producing fodder plant crops and the sampling, testing and official post-control of fodder plant seed in the Republic of Moldova are carried out appropriately and satisfy the requirements set out in Annex II to Decision 2003/17/EC and in Council Directive 66/401/EEC(4).

    (5)  In 2022, Ukraine submitted a request to the Commission for the granting of equivalence to its system of field inspections of seed-producing beet (Beta vulgaris), sunflower (Helianthus annuus) and swede rape (Brassica napus) crops and to the beet, sunflower and swede rape seed produced and certified in Ukraine.

    (6)  In 2023, Ukraine submitted a request to the Commission for the granting of equivalence to its system of field inspections of seed-producing soya bean (Glycine max) crops, and to the soya bean seed produced and certified in Ukraine.

    (7)  The Commission examined the relevant legislation of Ukraine. It also carried out, in 2015, an audit of the system of official controls and of certification of cereal seed in Ukraine and published its findings in a report. Following the receipt of additional documentation from Ukraine, the Commission considered that all recommendations made in the audit report had been addressed in a satisfactory manner. On the basis of the audit and the additional documentation, the Commission has concluded that the national authorities responsible for the implementation of seed certification in Ukraine are competent, have adequate facilities in place and operate appropriately. Those authorities are also responsible for the field inspections of seed-producing beet, sunflower, swede rape and soya bean crops, and for the certification of beet, sunflower, swede rape and soya bean seed.

    (8)  On the basis of the examination of the legislation of Ukraine and of the audit, the Commission has concluded that the field inspections of seed-producing beet, sunflower, swede rape and soya bean crops and the sampling, testing and official post-control of beet, sunflower, swede rape and soya bean seed in Ukraine are carried out appropriately and satisfy the requirements set out in Annex II to Decision 2003/17/EC and in Council Directives 2002/54/EC(5) and 2002/57/EC(6).

    (9)  The Republic of Moldova has been admitted, as regards fodder plants, to the Organisation for Economic Co-operation and Development Schemes for the Varietal Certification or the Control of Seed Moving in International Trade (´OECD Seed Schemes´).

    (10)  Ukraine has been admitted, as regards beet, sunflower, swede rape and soya bean, to the OECD Seed Schemes.

    (11)  The Republic of Moldova and Ukraine have seed laboratories accredited by the International Seed Testing Association. That fact provides additional assurance as to the quality of the inspections and of the seed produced in those countries and their compliance with Union law.

    (12)  It is therefore appropriate to grant equivalence as regards field inspections carried out in respect of seed-producing fodder plant crops in the Republic of Moldova, and as regards the fodder plant seed produced in the Republic of Moldova and officially certified by its authorities.

    (13)  It is also appropriate to grant equivalence as regards field inspections carried out in respect of seed-producing beet, sunflower, swede rape and soya bean crops in Ukraine, and as regards the seed of beet, sunflower, swede rape and soya bean produced in Ukraine and officially certified by its authorities.

    (14)  Decision 2003/17/EC should be therefore amended accordingly,

    HAVE ADOPTED THIS DECISION:

    Article 1

    Amendments to Decision 2003/17/EC

    Annex I to Decision 2003/17/EC is amended in accordance with the Annex to this Decision.

    Article 2

    Entry into force

    This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

    Article 3

    Addressees

    This Decision is addressed to the Member States.

    Done at …,

    For the European Parliament For the Council

    The President The President

    ANNEX

    In Annex I to Decision 2003/17/EC, the table is amended as follows:

    (1)  the entry ‘MD’ is replaced by the following:

    ‘MD

    National Agency for Food Safety (ANSA)

    str. Mihail Kogălniceanu 63,

    MD-2009, CHIŞINĂU

    66/401/EEC

    66/402/EEC

    2002/55/EC

    2002/57/EC

    ;

    (2)  the entry ‘UA’ is replaced by the following:

    ‘UA

    Ministry of Agrarian Policy and Food of Ukraine

    Khreshchatyk str. 24, 01001 KYIV

    66/402/EEC

    2002/54/EC

    2002/57/EC – only in respect of Brassica napus, Glycine max and Helianthus annuus’

    (1) OJ C, C/2024/3386, 31.5.2024, ELI: http://data.europa.eu/eli/C/2024/3386/oj.
    (2) Position of the European Parliament of 22 May 2025.
    (3) Council Decision 2003/17/EC of 16 December 2002 on the equivalence of field inspections carried out in third countries on seed-producing crops and on the equivalence of seed produced in third countries (OJ L 8, 14.1.2003, p. 10, ELI: http://data.europa.eu/eli/dec/2003/17(1)/oj).
    (4) Council Directive 66/401/EEC of 14 June 1966 on the marketing of fodder plant seed (OJ 125, 11.7.1966, p. 2298/66, ELI: http://data.europa.eu/eli/dir/1966/401/oj).
    (5) Council Directive 2002/54/EC of 13 June 2002 on the marketing of beet seed (OJ L 193, 20.7.2002, p. 12, ELI: http://data.europa.eu/eli/dir/2002/54/oj).
    (6) Council Directive 2002/57/EC of 13 June 2002 on the marketing of seed of oil and fibre plants (OJ L 193, 20.7.2002, p. 74, ELI: http://data.europa.eu/eli/dir/2002/57/oj).

    MIL OSI Europe News