Category: Trade

  • MIL-OSI USA: Governor Newsom announces new tax credits that will generate $2.1 billion investment in world’s 4th largest economy

    Source: US State of California 2

    May 2, 2025

    What you need to know: As part of the California Jobs First initiative, the state is awarding $30.5 million in tax credits to seven companies committed to creating new jobs and investing over $2.1 billion across key industries like clean energy, advanced manufacturing, logistics, and consumer goods.

    SACRAMENTO — Governor Gavin Newsom today announced the  Governor’s Office of Business and Economic Development (GO-Biz) awarded $30.5 million in California Competes Tax Credit (CalCompetes) awards to seven companies, supporting the creation of new jobs and spurring more than $2.1 billion in new private investment across the state.

    “California is where innovation meets opportunity — and these investments prove it. From clean energy to advanced manufacturing, these companies are creating good-paying jobs and driving billions in private investment. We’re building a stronger, bottom-up economy that works for all Californians.”

    Governor Gavin Newsom

    The awardees represent a diverse range of sectors critical to California’s future:

    • Element Resources is investing $1.85 billion in a hydrogen fuel manufacturing facility in Lancaster.
    • Fuse Energy Technologies is bringing fusion energy R&D to San Leandro and the East Bay, with a $152 million in investment.
    • Legendary Foods will expand food manufacturing across Bell and Santa Monica, with over $70 million in investment.
    • Ariat International is expanding its San Leandro headquarters and design operations, investing $19 million.
    • Marine Terminals Corporation will invest $8 million to expand port operations in Port Hueneme, supporting logistics and supply chain infrastructure.
    • Cloacina will manufacture wastewater treatment equipment in Arroyo Grande, with a $3.9 million investment.
    • Rural Power Systems will scale water pump manufacturing in Davis, investing $9.15 million.

    “These awards reflect the incredible diversity and strength of California’s economy,” said Dee Dee Myers, Senior Advisor to Governor Newsom and Director of GO-Biz. “Whether it’s rural communities or urban innovation hubs, companies across the state are choosing to grow here because of our unmatched talent, infrastructure and vision for the future.”

    Since 2013, California Competes has awarded tax credits to more than 1,200 businesses, creating nearly 160,000 jobs, and resulting in more than $50 billion of private investment across the state.

    Over the past five years, CalCompetes has invested in companies such as Pacific Steel to construct the first steel mill in California in more than 50 years in Kern County; Relativity Space to expand their ability to manufacture 3D-printed rockets to carry satellites into space; AES to expand solar energy and battery storage operations across the state; and many more.

    See Full Award Details Here

    California Jobs First: A bold plan, realized locally

    In February, Governor Newsom released the California Jobs First Economic Blueprint – a new economic vision for California’s future. The Blueprint, which is being implemented by the nine state agencies on the California Jobs First Council, outlines key initiatives to support regional growth, invest in 21st century job training, create an attractive environment for job creators and strengthen California’s innovation economy – all to help increase access to good-paying jobs for Californians.

    California’s economic leadership

    With a nation-leading GDP and more Fortune 500 companies than any other state, California’s economy remains a global powerhouse driven by diversity, creativity and opportunity.

    • 4th Largest Economy in the World: California’s $4.1 trillion GDP recently surpassed Japan.
    • #1 in the Nation: Leads the U.S. in Fortune 500 companies, new business starts, venture capital access, manufacturing output, high-tech industries and agriculture.
    • Major Trade Powerhouse: Over $675 billion in two-way trade, making California the largest importer among U.S. states and a key driver of job creation.
    •  Manufacturing Hub: Home to 36,000+ manufacturing firms, employing over 1.1 million workers, with strengths in aerospace, electronics, and zero-emission vehicles.
    • AI & Innovation Leader: California hosts 32 of the world’s top 50 AI companies and produces 25% of global AI patents and conference papers.

    Recent news

    News LOS ANGELES — California First Partner Jennifer Siebel Newsom today joined students, mental health professionals, and athletes at two schools in Pasadena and the Boys & Girls Clubs of the Peninsula’s East Palo Alto Clubhouse to celebrate Move Your Body, Calm…

    News What you need to know: For the second year in a row, California’s Department of Finance released data showing the Golden State’s population grew. In 2024, the state added more than 100,000 residents. SACRAMENTO — Today, Governor Gavin Newsom announced that…

    News What you need to know: House Republicans used an illegal tactic to attempt to overrule California’s clean cars and trucks program that has decreased smog and protected Californians’ health. SACRAMENTO — Governor Gavin Newsom issued the following statement today…

    MIL OSI USA News

  • MIL-OSI Economics: Fossil Fuel Subsidy Reform Initiative focuses on key areas of 2025 workplan

    Source: World Trade Organization

    Ambassador Clare Kelly of New Zealand, coordinator of the FFSR Initiative, briefed participants on the outcomes of an informal planning meeting of co-sponsors in March, which had taken stock of progress made in 2024 and developed a plan to guide work across the three pillars in 2025.

    Under the third pillar — “identifying and addressing harmful fossil fuel subsidies” — dedicated sessions have been planned to deepen understanding of specific subsidy categories and to facilitate experience-sharing among members on practical reform pathways. In that context, one of the dedicated sessions, which followed on from an initial discussion in 2024, aimed to further examine the different types of production subsidies in order to explore their environmental and trade impacts.

    As part of this dedicated session, the Asian Development Bank presented its Energy Transition Mechanism and outlined efforts to support the accelerated retirement of coal-fired power plants in the Asia-Pacific region. Carbon Tracker, an independent financial think tank, provided an analysis of the impact of climate change on capital markets and fossil fuel investments and highlighted the risks and opportunities, as well as the potential pathways toward a low-carbon future. The non-governmental organization Beyond Fossil Fuels shared insights on Europe’s coal exit strategies.

    Under the first pillar — “enhanced transparency” — the WTO Secretariat provided an update on efforts to use the Trade Policy Review Mechanism to increase transparency with regard to fossil fuel subsidies and their reform, having documented an increase in questions about fossil fuel subsidies and their reform during 2024, with more than 46 questions asked during 15 trade policy reviews (TPRs). This clearly led to an increase in the extent of information being provided on this topic in TPRs. Additional WTO avenues for further stakeholder engagement are also being explored.

    Co-sponsors expressed support for the systematic inclusion of fossil fuel subsidy–related questions in the TPR process. They emphasized the value of transparency and of collecting a fuller and more comparable information base across a broader group of WTO members.

    Under the second pillar — “crisis support measures” — co-sponsors continued to share experiences concerning the design, adjustment and phase-out of temporary fossil fuel subsidies introduced in response to recent energy crises. Co-sponsors also continued to develop draft guidelines aimed at ensuring that such measures remain targeted, transparent and temporary.

    In addition to this work, the International Institute for Sustainable Development (IISD) presented a recent publication titled “Options for International Agreements on Fossil Fuel Subsidies”.

    In concluding, Ambassador Kelly noted that the next FFSR meeting, scheduled for 11 July 2025, will continue to facilitate experience-sharing and to deepen discussions on other categories of fossil fuel subsidies, in line with WTO members’ interests. She thanked participants for their engagement and encouraged continued collaboration in the lead-up to the 14th Ministerial Conference (MC14), to be held in Yaoundé, Cameroon, in March 2026.

    The FFSR initiative seeks to achieve the rationalization, phasing-out or elimination of harmful fossil fuel subsidies through the use of existing mechanisms or the development of new pathways to reform, and encourages WTO members to share information and experiences to advance discussions at the WTO. More information about the FFSR initiative is available here.

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    MIL OSI Economics

  • MIL-OSI USA: HSI Tampa, CBP partnership combats threats at Florida’s ports, strengthens international trade

    Source: US Immigration and Customs Enforcement

    WASHINGTON – U.S. Immigration and Customs Enforcement’s Homeland Security Investigations has entered into a formal agreement with U.S. Customs and Border Protection’s Office of Trade Regulatory Audit to establish a full-time presence with HSI Tampa investigators to identify, interdict, and investigate the ever-evolving trade threats that pose a risk to the economy and citizens of the United States.

    The in-residence partnership between HSI Tampa and TRA better positions trade enforcement resources and also enables more effective enforcement of the President’s Executive Orders and focus on international trade, Customs revenue, and economic security. This partnership initiative, which began development in October 2023, demonstrates both agencies’ renewed dedication to ensuring lawful international trade and pursuing violators who seek to harm America’s economy. This initiative was formalized through a memorandum of understanding that established permanent TRA representation within the HSI Tampa field office, enabling frontline personnel to combat illegal trade practices more effectively.

    “This collaborative partnership and a shared commitment to safeguarding our nation’s economic integrity, HSI Tampa and TRA are standing united against trade threats that jeopardize the livelihoods of American workers and the stability of our economy,” said HSI Tampa Special Agent in Charge John Condon. “Through this force multiplying collaboration, we will leverage our combined strengths to protect our borders and uphold the rule of law in the ever-evolving landscape of international trade.”

    The HSI and TRA partnership initiative was an enhancement to the longstanding Trade Enforcement Coordination Center framework to co-locate HSI and CBP subject matter experts and resources in aligned trade enforcement units. The TECC framework was designed to enhance the enforcement of trade laws and the protection of American businesses against unfair trade practices. Established to coordinate efforts among various federal agencies, TECC aims to streamline the enforcement of trade regulations, combat illegal trade practices, and support U.S. workers and industry. Its focus includes addressing criminals who circumvent the U.S. revenue collocation process in violation of U.S. law. The TECC seeks to fortify the U.S. economy against unfair competition and ensure compliance with international trade rules. It is part of broader efforts to promote fair trade and protect American businesses and jobs.

    “Because of this strong relationship between Tampa HSI and TRA that allows us to work closely together—sharing information, aligning knowledge, and building mutual trust—we can deliver the disruption needed to counteract sophisticated financial and trade crimes,” said Executive Director Anibal Marrero, Trade Regulatory Audit, CBP Office of Trade.

    This unique partnership will seek to leverage the unique authorities and capabilities of HSI Tampa and TRA to form a dynamic, multi-disciplinary team to identify, interdict, and investigate ever evolving trade threats that pose a risk to the economy and citizens of the United States. This partnership will enable HSI and TRA to conduct complex investigations into violations of antidumping, countervailing duty evasion, in-bond diversion, textile fraud, public health and safety concerns, and other schemes designed to exploit and circumvent the customs laws of the United States through the illicit movement of goods into, or out of, the United States.

    The three locations identified to be the first candidates for the initiative were HSI field offices located in Tampa, Florida, San Diego, California, and Tucson, Arizona. Special Agent in Charge John Condon and his team spearheaded this initiative and hit the ground running with this force multiplying plan.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Government sets up inter-departmental dedicated team to follow up on suspected closure of private healthcare facilities

    Source: Hong Kong Government special administrative region

    Government sets up inter-departmental dedicated team to follow up on suspected closure of private healthcare facilities 
         Customs is actively looking into this incident and is conducting investigations into offences under the Trade Descriptions Ordinance (TDO) regarding the unfair trade practices. If there is any violation of the TDO, Customs will take appropriate enforcement actions. As at 4pm today (May 2), Customs and the police received 312 related reports and the Council received 157 related complaints. The Council urges the responsible persons of the relevant private healthcare facilities to explain as soon as possible whether it has closed down and the subsequent arrangements to address consumers’ concerns. Consumers are advised to call the Council’s hotline at 2929 2222 if they are in doubt.
     
         Customs appeals to members of the public who have purchased prepaid services (including vaccinations) from the private healthcare facilities concerned to contact the department as soon as possible. Members of the public may report any suspected violation of the TDO to Customs by calling its 24-hour hotline 182 8080 or sending an email to its dedicated crime-reporting email account (crimereport@customs.gov.hk 
         Customs reminds traders to comply with the requirements of the TDO. Consumers are also reminded to procure services at reputable shops and consider prudently before making decisions to make prepaid purchases. After making prepaid purchases, consumers should keep the relevant records, such as transaction receipts and contracts, which can become basic information in case a complaint is lodged in the future.
    ???
    Under the TDO, any trader commits an offence if at the time of acceptance of payment, the trader intends not to supply the product or intends to supply a materially different product, or there is no reasonable ground for believing that the trader will be able to supply the product within a specified or reasonable period. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.
     
    As regards the concerns of affected parents about their children’s remaining vaccinations, all 29 Maternal and Child Health Centres (MCHCs) under the DH provide vaccination service for infants and young children from birth to five years of age under the Hong Kong Childhood Immunisation Programme. For children affected by the incident and have been registered with one of the MCHCs, their parents may make an appointment by calling the registered MCHCs to consult the healthcare staff at the MCHCs on the vaccinations that their children need to receive in the future. For a small number of children who have not been registered with the MCHCs, parents may call this hotline (2125 1188), which will operate from tomorrow (May 3) from 9am to 5pm daily until further notice. Parents can also send emails to
    dhhelpdesk_2501@dh.gov.hkIssued at HKT 23:12

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Five incoming passengers convicted and jailed for possessing duty-not-paid cigarettes and importing alternative smoking products (with photo)

    Source: Hong Kong Government special administrative region

    Four men and a woman were each sentenced to four to eight months’ imprisonment and fined between $500 to $1,000 at the West Kowloon Magistrates’ Courts on April 30 and today (May 2) for possession of duty-not-paid cigarettes and failing to declare to Customs Officers, as well as for importing alternative smoking products, in contravention of the Dutiable Commodities Ordinance (DCO) and the Import and Export Ordinance (IEO).

    Customs officers intercepted four incoming male passengers, aged between 27 and 43, and a 44-year-old female passenger at Hong Kong International Airport on March 4 and 5. About 128 400 duty-not-paid cigarettes and about 205 200 alternative smoking products, with an estimated market value of about $1.18 million and a duty potential of about $420,000 in total, were seized from their personal baggage. They were subsequently arrested.

    Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences. 

    Under the DCO, tobacco products are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for two years.

    Under the IEO, any person who imports an alternative smoking product into Hong Kong commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven years.

    Members of the public may report any suspected illicit cigarette activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).
     

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Man arrested for illegal import of critically endangered Vallarta mud turtles (with photos)

    Source: Hong Kong Government special administrative region

    The Agriculture, Fisheries and Conservation Department (AFCD), in collaboration with the Customs and Excise Department, detected an endangered species case at Hong Kong International Airport on April 30 and seized six critically endangered Vallarta mud turtles with an estimated market value of over $1.2 million. A male passenger was arrested. The man was charged with the illegal import of endangered species, and the case was mentioned in court today (May 2).

    The arrested person is a 38 year-old Chinese male passenger, who arrived in Hong Kong from Mexico via the Netherlands on April 30. Customs officers intercepted the man for customs clearance, during which six live turtles were found in his check-in baggage. Officers of the AFCD arrived at the scene to inspect the turtles. The turtles were suspected to be Vallarta mud turtles (Kinosternon vogti), a species listed in Appendix I of the Convention on International Trade in Endangered Species of Wild Fauna and Flora and regulated under the Protection of Endangered Species of Animals and Plants Ordinance (Cap. 586) in Hong Kong. The AFCD officers immediately arrested the man, seized the turtles, and charged him with the illegal import of endangered species.

    An AFCD spokesman said, “The Vallarta mud turtle is a critically endangered species endemic to Mexico. It was first discovered in 2018, with only hundreds remaining in the wild. International trade in wild Vallarta mud turtles is prohibited. Illegal poaching and trade pose the greatest threat to their survival.”

         Any person importing, exporting or possessing specimens of endangered species not in accordance with the Ordinance commits an offence and will be liable to a maximum fine of $10 million and imprisonment for 10 years upon conviction, with the turtles forfeited.

    The public may call 1823 to report any suspected irregularities to the AFCD and visit the AFCD website (www.cites.hk) regarding the control of endangered species in Hong Kong.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: “Digital Radio is the medium of the future; analog medium should also co-exist” – From the Discussion at WAVES 2025

    Source: Government of India

    “Digital Radio is the medium of the future; analog medium should also co-exist” – From the Discussion at WAVES 2025

    “Good content, collaborations, cross platform promotions augur well for Radio”

    ‘Radio Reimagined: Thriving in the Digital Age’ – Enriching panel discussion at WAVES 2025

    Posted On: 02 MAY 2025 3:09PM by PIB Mumbai

    Mumbai, 2 May 2025

     

    A panel discussion on the subject ‘Radio Reimagined: Thriving in the Digital Age’ brought together global experts to engage in an insightful discourse at WAVES 2025 today.

    The esteemed panellists included the pioneer of commercial radio Jacqueline Bierhorst, Digital Radio Mondiale (DRM) Chairman Ruxandra Obreja, Vice Group Leader of DRM Alexander Zink, ex-CEO of Prasar Bharati and Co-Founder of Deep Tech for Bharat Shashi Shekhar Vempati and noted broadcast technology expert Ted Laverty. Nisha Narayanan, Director & COO of Red FM moderated the conversations with expertise and led to throwing lights on the factors influencing the radio broadcasting industry. 

    ‘Digital Radio is the medium of the future, but analog should also co-exist’

    Jacqueline Bierhorst feels that digital radio is likely to be the primary format in the future, as it offers advantages like better sound quality, more reliable transmission, and the ability to integrate multimedia elements. “While analog radio remains relevant in some contexts, particularly for simpler communication and in areas with limited digital infrastructure, the shift to digital broadcasting is ongoing and expected to continue”, she opined. Cost saving happens by switching from analog to digital, they informed.

    However, Jacqueline Bierhorst  and Alexander Zink noted that broadcast is an important backing point needed during exigencies like terrorist attacks, floods etc., when digital networks may not always work. DRM Chairman Ruxandra Obreja noted on this point that it is important to preserve analog radio in India which reaches out to 600,000 villages. In case of exigencies, undoubtedly broadcast radios are more likely to reach out to a larger population, remarked the experts. “The challenge is to introduce new technologies, without disrupting the old ones”, noted Ruxandra Obreja.

    The new 5Cs of radio communication

    Jacqueline Bierhorst mentioned the classical 5Cs namely, Conciseness, Clarity, Confidence, Control and Capability, and juxtaposed them with the new 5 Cs essential in the era of a thriving digital radio infrastructure. These are: Coverage, Content, Consumer Devices, Car, Communication. She advised to make sure that the radio network is covering the right areas where listeners are based.

    Measurement of listenership is an important step to take concerted efforts for enabling the sector to prosper. Ted Lavety spoke about radio playing Apps in Europe, like Radioplayer and Radio FM, that offer features that can be used to measure listenership, without infringement of privacy. Such programmes and apps, sample surveys and listening diaries can be used to analyse hotspots of radio listenerships in India as well, he advised.

    Good content, collaborations, cross platform promotions work well

    ‘Content is King’ – the experts agreed on this success mantra for the sector. Nisha Narayanan flagged the issue faced by private FMs of high license fee for varied contents. As as a result, they end up mostly catering popular music which has a lower licence fee than other categories of content. The Red FM COO agreed on the need for bringing variety in content for private FMs.

    Speaking about the value of good, useful content, Jacqueline Bierhorst highlighted the success story of British digital radio station Absolute Radio which grew and earned revenue throughout the 70s, 80s and 90s while engaging in various educational and promotional activities that benefit their audience.

    Digital radio has to offer more than the audio content – it has visuals and text applications that is advantageous for growing audience base, Alexander Zing reminded of this yet another aspect of Digital Radio.

    Ted Laverty urged that an ecosystem needed to support the spread of radio listenership. Making low-cost devices, having favourable platforms like android are some of the measures he stated. In addition to existence of external hardware components, diversity of content is also important as it helps to address different sub-groups of listeners.

    Climate Change and Digital Radio

    Digital radio can achieve significant energy savings by using more efficient modulation techniques and enabling single-frequency networks. However, switching off FM stations is not possible. Though some European countries have tried complete switch off of FM stations and complete digitization, it is not the holy grail, said Ruxandra Obreja. She suggested that it is important to inventorize the needs of commercial radio stations while speaking with the Government for policy interventions.

    Radio Industry in India – scope for strengthening the ecosystem

    Ruxandra Obreja mentioned that public policies in Europe have leveraged the reach of digital radio. Having radio in cars, mobile phones, easy availability of radio sets in the market are important steps in that direction. A digital radio consortium should be built up in India, opined the experts.

    Ruxandra Obreja stated that India is a driving force in digital radio. Digital to Terrestrial Radio is important and so is digital to mobile. “Prasar Bharti has a reach to nearly 90 crore population. India is a golden goose in this field, plus points being billions of mobile phone users in India. Important to build on these plus points”, she added.

    Shashi Shekhar Vempatti stated that India is the biggest market for radio, and referred to the medium as the original public good. He highlighted the need for coordinated public action for the sector. “Radio is not going anywhere. Radio consumers in India come from a broad cross section of society”, he stated while charting out the advantages of the sector in the country. Policy interventions may include sequence of stipulations like certain categories of devices must have radio. AI powered devices as well as passive devices like traditional radio should exist side by side.

    With climate change being an important determinant of public policies, it is important to preserve traditional devices. Ted Laverty urged for scaling up of the ecosystem for radio in India, using schemes like ‘Make in India’ for incentivizing radio device manufacturers.

    The experts agreed that digital radio is the way forward in India and elsewhere and urged that commercial stations with Common Transmission Infrastructure ion big cities to form a platform for collaboration.

     

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    MIL OSI Asia Pacific News

  • MIL-OSI: Credit Repair Automate Launches to Simplify Credit Disputes Across Major Bureaus

    Source: GlobeNewswire (MIL-OSI)

    San Diego, CA, May 02, 2025 (GLOBE NEWSWIRE) — Credit Repair Automate has just launched online to streamline the credit dispute process with a free, do-it-yourself solution powered by automation technology. Designed to help consumers challenge inaccurate or outdated items in their credit report, this new platform aims to deliver an accessible, user-driven alternative to traditional credit repair services.

    Credit Repair Automate Platform

    Credit Repair Automate was built by a team of experienced software engineers and developers after more than a decade of research and development. It addresses long-standing barriers in the credit repair industry by delivering a solution that puts users firmly in charge of their own financial health. The platform enables users to generate, track, and manage dispute letters through an intuitive, step-by-step system, without the high fees often associated with third-party credit repair companies.

    “The credit dispute process can be confusing and time-consuming, especially for those unfamiliar with the legal and procedural steps involved,” said Eddie Lemma, a representative of Credit Repair Automate. “Our goal was to create a tool that not only simplifies the process but makes it free and accessible to everyone.”

    Offering a Solution to Credit Inaccuracies

    Credit inaccuracies are a significant financial issue, affecting millions of Americans. According to the Federal Trade Commission, as many as 42 million Americans, approximately 13% of the population, have errors in their credit reports. One in five consumers has at least one documented error. For about one in ten, that error is significant enough to negatively affect their credit score.

    Despite this, correcting credit report errors remains a challenging task. Credit Repair Automate helps consumers address these challenges more easily with a technology-driven solution designed for independent credit management. The system has been developed to comply with established guidelines under the Fair Credit Reporting (FCRA), which grants all US consumers the right to dispute errors in their credit files.

    “Most people assume their credit report is accurate until they face a financial hurdle,” added Lemma. “But we now know these mistakes are far more common than expected, and correcting them shouldn’t require hiring an expensive service or navigating a complex system alone.”

    Key features of the platform include:

    • Unlimited Disputes: Users can file as many disputes as needed across Equifax, Experian, and TransUnion with no limits and no fees.
    • AI-Powered Dispute Letter Generation: The system automatically crafts personalized dispute letters based on user input and credit report data.
    • Secure Credit Report Access: Integration with a third-party provider ensures safe, encrypted access to users’ credit reports without storing sensitive information.
    • Step-by-Step Guided Process: The platform walks users through each stage of identifying inaccuracies and generating appropriate responses.
    • Full DIY Control: Users maintain complete oversight of their information and actions, empowering them to manage disputes privately and independently.
    • No Cost, No Hidden Fees: Credit Repair Automate is offered at no cost, making reliable credit management tools accessible to everyone.

    Helping Dispute a Wide Range of Credit Issues

    Credit Repair Automate helps users dispute a variety of negative items in their credit reports, including collections, charge-offs, late payments, medical bills, bankruptcies, and foreclosures. Using AI-driven logic, the platform analyzes credit reports, identifies potential dispute opportunities, and generates customized letters tailored to each issue. This comprehensive support allows users to tackle multiple types of errors systematically, helping them repair and improve their credit profiles.

    Improving Accessibility to Credit Repair

    As automation and AI continue to transform industries, Credit Repair Automate applies these technologies to a space often left behind in digital innovation. Just as AI-powered budgeting apps and robo-advisors have made investment management more accessible, Credit Repair Automate is bringing the same level of transparency and empowerment to credit health management.

    The platform contributes to a broader mission: making financial tools more accessible and equitable.

    “Financial empowerment starts with having access to the right tools,” said Lemma. “Credit Repair Automate was created to give consumers a real alternative to expensive credit repair agencies and to make financial self-advocacy achievable for anyone, regardless of background or income.”

    The platform is now available online. For more information or to begin the credit dispute process, please visit https://www.creditrepairautomate.com/.

    About Credit Repair Automate

    Credit Repair Automate is an AI-powered platform created to simplify the credit dispute process and give consumers direct control over managing inaccuracies on their credit reports. Built by a team of technology and financial experts, the platform provides secure access to credit reports, automated dispute letter generation, and unlimited disputes across all three major credit bureaus.

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    The MIL Network

  • MIL-OSI Global: How Trump’s tariffs could hit developing economies – even those not involved in the trade war

    Source: The Conversation – UK – By Selim Raihan, Professor of Economics, University of Dhaka

    The world has witnessed a resurgence of protectionism since Donald Trump returned to the White House. So-called “reciprocal” tariffs, imposed on all US trading partners at varying degrees based on the tax they charge on American goods, have been one of the hallmark features of Trump’s economic policy. They aim to correct what he perceives as “unfair” trade practices.

    In early April, Trump said many countries had “ripped us off left and right” and declared “now it’s our turn to do the ripping”. His administration swiftly imposed sweeping tariff increases, with some of the highest rates falling on poorer countries like Laos and Lesotho.

    A 90-day suspension was eventually made for most of these tariffs, and Trump has now softened duties on imported cars and car parts. But the danger remains high. No one can be certain that the initial reciprocal tariffs will not be reinstated.

    Developing countries, many of which rely heavily on the export of manufactured goods to the US, will be keeping a keen eye on what happens next.

    We employed the Global Trade Analysis Project model to analyse the possible effects of US tariffs on trade and economic growth. The model captures interactions and feedback among economic agents (households, firms and governments), markets, sectors and regions in the world economy.

    It can be used to forecast the effect of trade reforms on various indicators such as production, welfare, income, prices and trade flows. Based on certain assumptions, the changes are likely to be seen in between two and three years.

    We used simulations to compute the effects of Trump’s tariff regime under two alternative scenarios. In the first, which reflects the global trade situation at the time of writing, baseline tariffs are levied on all countries at 10%. The duties are 25% on goods from Canada and Mexico, and 145% on China. Retaliatory duties by China on US goods are set at 125%.

    In the second, across-the-board reciprocal tariffs are imposed on countries at the levels Trump declared in his initial plan on April 2. This is in addition to the 145% tariff on Chinese goods, 25% on those from Canada and Mexico and a 125% duty by China on imports from the US.

    Winners and losers

    As shown by the graph below, our simulations suggest the US tariff regime will distort export patterns worldwide. The most painful effects will fall on China and the US itself.

    Chinese exports would shrink by 10.8% in the first scenario and 10.9% in the second. The US would suffer an even larger loss of 11.7% and 14.9%, respectively.

    The model suggests that other major US trading partners such as Canada and Mexico would also experience deep export declines of over 5% in both scenarios. Roughly 75% of Canada’s exports head south towards the US.

    Among the developing Asian economies, Nepal, Pakistan and the Philippines would experience substantial export declines. This is particularly the case in the second scenario, with losses ranging from 2% to 4.4%. These countries are particularly vulnerable to reciprocal tariffs because they rely heavily on exports and are deeply tied to global supply and production chains.

    Bangladesh, Cambodia, Indonesia, Sri Lanka and Vietnam may benefit in the first scenario due to a possible diversion of trade. These countries, which are known for having some of the lowest labour costs in the world, offer cheap alternatives for goods that US importers would previously have sourced from China.

    But they are expected to lose the majority of these benefits in the second scenario under a full reciprocal tariff regime. The exceptions are Cambodia and Indonesia, which our simulations suggest will retain positive export growth – albeit reduced to 1.6% from 4% for Cambodia and unchanged at 0.7% for Indonesia.

    This may be because Cambodia and Indonesia have slightly more diversified export baskets than countries like Bangladesh and Sri Lanka, and trade with more partners. However, these gains are likely to be short lived if global uncertainties continue.

    Major advanced economies such as Japan, the UK and EU will lose exports by a moderate amount. And the Middle East, north Africa, sub-Saharan Africa and Latin America (excluding Brazil) will see similar declines.

    The second graph presents a concerning picture of how trade disruption could affect GDP, which economists use to measure the size of a country’s economy. The US and China are again set to suffer the steepest GDP losses, of 0.3% in the US and 1.9% in China under the second scenario. This confirms the well-established economic consensus that trade wars are mutually destructive.

    Under the second scenario, most emerging and developing economies would suffer modest GDP declines between 0.3% and 1%. Thailand (1%), Malaysia (0.9%), Brazil (0.9%) and Vietnam (0.9%) are the worst hit countries in this category.

    Like most of the developing countries in Asia, which are not directly involved in the trade war, many countries in Latin America, the Middle East, north Africa and sub-Saharan Africa would still face hits to their GDP. This underscores the global interconnectedness of trade and investment flows.

    The simulations confirm what economists have been asserting for years: trade wars do not have winners. While some countries do benefit in the short term by way of trade diversion, the total losses are high and developing countries are not immune from the damage.

    However, there are strategies developing countries can employ to improve their resilience to global trade disruptions. This includes diversifying their export markets by, for example, establishing stronger trade ties in regional blocs.

    One example is the Regional Comprehensive Economic Partnership, a free trade agreement between the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand and Vietnam. Such ties can be strengthened further.

    Developing countries should also use this turbulent period to streamline customs, upgrade port infrastructure and improve logistics. This can reduce costs, enhance competitiveness and help developing economies engage more deeply in international trade.

    No country is exempt from disruptions to global trade. But those with diversified economies, strong regional linkages and resilient trade infrastructure will weather the turbulence more successfully.

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

    ref. How Trump’s tariffs could hit developing economies – even those not involved in the trade war – https://theconversation.com/how-trumps-tariffs-could-hit-developing-economies-even-those-not-involved-in-the-trade-war-255435

    MIL OSI – Global Reports

  • MIL-OSI Europe: AMENDMENTS 257-261 – REPORT on the proposal for a regulation of the European Parliament and of the Council on the screening of foreign investments in the Union and repealing Regulation (EU) 2019/452 of the European Parliament and of the Council – A10-0061/2025(257-261)

    Source: European Parliament 2

    AMENDMENTS 257-261
    REPORT
    on the proposal for a regulation of the European Parliament and of the Council on the screening of foreign investments in the Union and repealing Regulation (EU) 2019/452 of the European Parliament and of the Council
    (COM(2024)0023 – C9-0011/2024 – 2024/0017(COD))
    Committee on International Trade
    Rapporteur: Raphaël Glucksmann

    Source : © European Union, 2025 – EP

    MIL OSI Europe News

  • MIL-OSI: WEEX Shines at TOKEN2049, Launches Dubai Studio to Accelerate Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 02, 2025 (GLOBE NEWSWIRE) — On May 1, 2025, WEEX, the world’s leading cryptocurrency trading platform, made an impressive appearance at TOKEN2049 in Dubai. As a platinum sponsor of the event, WEEX not only showcased its global strategy and product portfolio at the main venue but also hosted a grand Open Day event at its Dubai studio before the conference. The event attracted over 300 guests on-site, with more than 3,000 registrations.

    TOKEN2049, one of the most influential industry events in the global crypto ecosystem, attracted thousands of blockchain professionals, investors, tech experts, and industry leaders from around the world. At the conference, WEEX shared forward-looking insights on topics such as technological innovation, user security, and industry trends, releasing key platform strategies and attracting numerous attendees for discussions. Particularly in the “Demo Trading Competition”, participants experienced the advantages of up to 400x leverage and a wide range of trading pairs. The event exceeded expectations in terms of participation, further validating the platform’s trading execution efficiency and depth.

    WEEX Vice President Andrew Weiner was also invited to speak on the main stage of TOKEN2049, delivering a speech titled From 500 Million to 5 Billion: What Sets WEEX Apart. He stated: “Our appearance at TOKEN2049 is not just to showcase the platform’s strengths, but also marks the accelerated implementation of WEEX’s global strategy. We will continue to expand globally and build a more resilient and localized platform through innovative services and regulatory advancements.”

    On the eve of the event, WEEX hosted an Open Day at its Dubai studio, inviting global KOLs, key partners, and community representatives to celebrate together. The Open Day, initially planned for 100 attendees, saw over 300 participants. WEEX’s Head of Business, Thomas, delivered a speech, highlighting the platform’s rapid growth milestones, innovation, and strategic collaborations with partners. He mentioned, “Since our founding, we have built a platform based on trust and efficient trading from the ground up. Our user base has exceeded 6 million, daily trading volume surpasses $5 billion, and we currently offer over 1,700 trading pairs. We will continue to expand our ecosystem and attract more users to join us.”

    During the Open Day, WEEX also prepared trophies for KOLs and partners who have supported the platform since its inception, in recognition of their outstanding contributions to the platform’s development, further strengthening the collaboration. Some KOLs at the event shared their experiences and insights on working with WEEX, reflecting on key moments of mutual growth.

    Currently, WEEX is committed to driving local operations and international collaboration. To better serve global users, the platform will continue to deepen its market presence, enhance service capabilities, and expand its reach to ensure sustainable growth and development worldwide. Since its inception, WEEX has expanded its operations in over 170 countries and regions globally.

    Looking ahead, WEEX will continue to focus on key global markets, leveraging technological innovation, asset protection, and localized services to build dual defense of user trust and platform strength. Together with global partners, WEEX will lead the development of the next generation of crypto trading platforms and contribute to the sustainable growth of the global cryptocurrency industry.

    Disclaimer: WEEX does not currently conduct any virtual asset activities in the UAE and has not been licensed by the Virtual Assets Regulatory Authority (VARA). WEEX will only engage in virtual asset activities in Dubai upon obtaining the necessary VARA license.
    For more information about WEEX, please visit:
    Website | X (Twitter) | Telegram | Discord | LinkedIn | Facebook | Instagram | Tiktok | Youtube
    For media inquiries, please contact: support@weex.com

    Contact:
    Regina O’Keefe
    market@weexglobal.com

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b2e50e9d-58bc-499c-8b58-7d2b85ff051a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fc0aa90d-daec-440a-97aa-df914f9ffe7c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d7e8720b-b153-46e7-b645-6ae5cf6263fb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3f7db2b2-3bd2-45e3-95f0-5030cacf7d51

    The MIL Network

  • MIL-OSI Asia-Pac: Healthcare facility incident probed

    Source: Hong Kong Information Services

    The Government has set up an inter-departmental team to ensure cases concerning the recent suspected closure of a private healthcare facility are handled as soon as possible and people affected by it are provided with assistance.

    The dedicated team comprises representatives from the Security Bureau, the Commerce & Economic Development Bureau, the Customs & Excise Department, Police, the Department of Health and the Consumer Council.

    The Department of Health said that the parents of children affected by the incident that have been registered with Maternal & Child Health Centres (MCHCs) may make an appointment by calling the registered MCHCs for advice on the vaccinations the children need to receive.

    For a small number of children who have not been registered with MCHCs, parents may call 2125 1188, which will operate from tomorrow from 9am to 5pm daily until further notice. Parents can also send emails or messages to 6170 8006 for enquiries.

    Meanwhile, the Customs & Excise Department is conducting investigations into offences under the Trade Descriptions Ordinance regarding unfair trade practices. If there is any violation of the ordinance, Customs will take enforcement action.

    As at 4pm today, Customs and Police received 312 reports and the Consumer Council received 157 complaints on the incident. The Consumer Council urges those responsible for the private healthcare facilities to provide an explanation as soon as possible to address consumers’ concerns. Consumers can call the council’s hotline at 2929 2222 if in doubt.

    Members of the public may report any suspected violation of the ordinance to Customs on the 24-hour hotline 182 8080, email its crime-reporting account or fill out an online form.

    MIL OSI Asia Pacific News

  • MIL-OSI: Coface SA: Disclosure of total number of voting rights and number of shares in the capital as at April 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of total number of voting rights and number of shares in the capital as at April 30, 2025

    Paris, May 2nd, 2025 – 17.45

    Total Number of
    Shares Capital
    Theoretical Number of Voting Rights1 Number of Real
    Voting Rights2
    150,179,792 150,179,792 149,368,649

    (1)   including own shares
    (2)   excluding own shares

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust. You can check the authenticity on the website www.wiztrust.com.

    About Coface

    COFACE SA is a société anonyme (joint-stock corporation), with a Board of Directors (Conseil d’Administration) incorporated under the laws of France, and is governed by the provisions of the French Commercial Code. The Company is registered with the Nanterre Trade and Companies Register (Registre du Commerce et des Sociétés) under the number 432 413 599. The Company’s registered office is at 1 Place Costes et Bellonte, 92270 Bois Colombes, France.

    At the date of 31 December 2024, the Company’s share capital amounts to €300,359,584, divided into 150,179,792 shares, all of the same class, and all of which are fully paid up and subscribed.

    All regulated information is available on the company’s website (http://www.coface.com/Investors).

    Coface SA. is listed on Euronext Paris – Compartment A
    ISIN: FR0010667147 / Ticker: COFA

    Attachment

    The MIL Network

  • MIL-OSI Canada: The CBSA reminds private boaters of reporting requirements

    Source: Government of Canada News

    May 2, 2025
    Ottawa, Ontario

    With boating season fast approaching, the Canada Border Services Agency (CBSA) reminds all private boaters of their entry and reporting obligations when navigating Canadian waters or entering Canada by boat. Understanding the reporting requirements will help keep our borders secured and ensure an enjoyable season on the water.

    Tips for boaters entering Canada:

    • Know before you go. Before lifting anchor, be sure to review the CBSA’s Reporting requirements for private boaters. All travellers entering Canada by boat must report to the CBSA without delay. Requirements vary depending on your itinerary, your nationality and number of passengers onboard.
    • Making stops along the way? If you enter Canadian waters for a day and make no stops before leaving Canadian waters, you are not required to present yourself to CBSA. However you must report to the CBSA, if you:
      • land on Canadian soil
      • anchor, moor or come alongside another boat while in Canadian waters
      • disembark or embark people or goods in Canada
    • If you are a foreign national, you must be admissible under the Immigration and Refugee Protection Act.
    • All passengers onboard, regardless of their nationality, should have acceptable identification, such as a passport, CANPASS authorization or NEXUS card.
    • Canadian boaters returning to Canada: If you leave and re-enter Canadian waters, you are not required to present yourself and report your goods to the CBSA if you:
      • did not land outside Canada and did not anchor, moor or make contact with another conveyance while outside of Canadian waters
      • did not embark or disembark any people or goods while outside Canada
    • Surtaxes on certain US goods. If you’ve purchased goods in the U.S. and are bringing them into Canada, you may have to pay a 25% surtax in addition to regular duties and taxes. The lists of these products are on the Department of Finance website: products surtaxed as of March 4 and as of March 13. For residents of Canada, this surtax applies only to goods exceeding your personal exemptions limit. Visit the CBSA website for more details on how these surtaxes apply at the border.
    • Where do I declare? Most private boaters have two ways to report to the CBSA:
    • Exceptionally, private vessels carrying 30 or more passengers must seek clearance at a designated marine reporting site, and in writing, to advise the local CBSA office of the intention to clear at least 72 hours before arrival.
    • Failure to report to the CBSA, even if it is to refuel, may result in detention, seizure or forfeiture of the boat and/or monetary penalties. The minimum fine for failing to report to the CBSA upon entry to Canada is $1,000.
    • Know what’s onboard. Restricted and prohibited goods include, but are not limited to, firearms and ammunition and weapons; food, plants, animals and related products; explosives and fireworks. You must report these goods to the CBSA and obtain the necessary permits, even if the goods meet the conditions for a reporting exception.
    • Planning to fish in Canadian waters? You can bring your tackle box, but some fishing bait is not permitted to be brought into Canada for personal use and may be seized at the border.
    • If you’re bringing your own boat into Canada, make sure to clean, drain, and dry it before you arrive, otherwise, it may not be permitted entry into Canada until it is fully decontaminated. Learn more on decontamination : Import Prohibitions and Requirements for Commercial Importers of Aquatic Species and for Travellers Under the Aquatic Invasive Species Regulations.
    • Cannabis: Don’t bring it in. Don’t take it out. Bringing cannabis across the border in any form, including oils containing tetrahydrocannabinol (THC) or cannabidiol (CBD), without a permit or exemption authorized by Health Canada is a serious criminal offence, despite the legalization of cannabis in Canada. A medical prescription from a doctor does not count as Health Canada authorization.
    • NEXUS members can call the NEXUS Telephone Reporting Centre at 1-866-99-NEXUS. For more information on NEXUS reporting procedures, visit How to use NEXUS to enter Canada.

    MIL OSI Canada News

  • MIL-OSI USA: Senator Baldwin Introduces Bipartisan Bill to Boost American Shipbuilding, Support American Workers and Boost National Security

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – U.S. Senator Tammy Baldwin (D-WI) and a bipartisan group of her colleagues introduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act, comprehensive legislation to revitalize the United States shipbuilding and commercial maritime industries. 
    “When it comes to shipbuilding, China has been eating our lunch. While Wisconsin workers and shipbuilding companies produce world-class vessels, we have failed to invest in this industry and set these workers up for success,” said Senator Baldwin. “I am proud to work with my Democratic and Republican colleagues to revitalize our shipbuilding industry because this will not only keep our country safe, but it will create good paying jobs and support American workers and businesses.”
    There are currently 80 U.S.-flagged vessels in international commerce while China has 5,500. The SHIPS for America Act aims to close this gap and boost the U.S. Merchant Marine by establishing national oversight and consistent funding for U.S. maritime policy, making U.S.-flagged vessels commercially competitive in international commerce by cutting red tape, rebuilding the U.S. shipyard industrial base, and expanding and strengthening mariner and shipyard worker recruitment, training, and retention. 
    Specifically, the SHIPS for America Act would:   
    Coordinate U.S. maritime policy by establishing the position of Maritime Security Advisor within the White House, who would lead an interagency Maritime Security Board tasked with making whole-of-government strategic decisions for how to implement a National Maritime Strategy. The bill also establishes a Maritime Security Trust Fund that would reinvest duties and fees paid by the maritime industry into maritime security programs and infrastructure supporting maritime commerce.   
    Establish a national goal of expanding the U.S.-flag international fleet by 250 ships in 10 years by creating the Strategic Commercial Fleet Program, which would facilitate the development of a fleet of commercially operated, U.S.-flagged, American crewed, and domestically built merchant vessels that can operate competitively in international commerce. 
    Enhance the competitiveness of U.S.-flagged vessels in international commerce by establishing a Rulemaking Committee on Commercial Maritime Regulations and Standards to cut through the U.S. Coast Guard’s bureaucracy and red tape that limits the international competitiveness of U.S.-flagged vessels, modify duties to make cargo on U.S.-flagged vessels more competitive, requiring that government-funded cargo move aboard U.S.-flagged vessels, and requiring a portion of commercial goods imported from China to move aboard U.S.-flagged vessels starting in 2030.   
    Expand the U.S. shipyard industrial base, for both military and commercial oceangoing vessels, by establishing a 25 percent investment tax credit for shipyard investments, transforming the Title XI Federal Ship Financing Program into a revolving fund, and establishing a Shipbuilding Financial Incentives program to support innovative approaches to domestic ship building and ship repair.   
    Accelerate U.S. leadership in next-generation ship design, manufacturing processes, and ship energy systems by establishing the U.S. Center for Maritime Innovation, and supporting regional hubs for maritime innovation across the country by establishing a Maritime Prosperity Zone program.   
    Make historic investments in maritime workforce by supporting a Maritime Workforce Promotion and Recruitment Campaign, allowing mariners to retain their credentials through a newly established Merchant Marine Career Retention Program, investing in long-overdue infrastructure needs for the U.S. Merchant Marine Academy, and supporting State Maritime Academies and Centers for Excellence for Domestic Maritime Workforce Training and Education. The bill also makes long-overdue changes to streamline and modernize the U.S. Coast Guard’s Merchant Mariner Credentialing system.   
    Senator Baldwin has been a leading voice in revitalizing the shipbuilding industry and leveling the playing field for American workers. Last March, Senator Baldwin joined United Steelworkers and other labor leaders in support of the American shipbuilding industry and to call on the United States Trade Representative (USTR) to conduct a full investigation. In April 2024, the USTR announced they were heeding that call and launching an investigation into China, concluding in a report that China’s targeted dominance in these sectors was unreasonable and burdens or restricts U.S. commerce, and is therefore “actionable” under Section 301. This report laid the groundwork for the Trump Administration to impose appropriate penalties on China to support American workers. In January, Senator Baldwin applauded this USTR report outlining China’s unfair trade practices to undercut American shipbuilding and called on the President to act. In February, Baldwin led a group of her colleagues in calling on the Trump Administration to act on the results of the investigation and take immediate action to level the playing field for American workers, businesses, and national security.
    The bill is led by Senators Mark Kelly (D-AZ) and Todd Young (R-IN) and co-sponsored by Senators Lisa Murkowski (R-AK) and John Fetterman (D-PA).
    Full text of this legislation is available here.
    A section by section of this legislation is available here.

    MIL OSI USA News

  • MIL-OSI Russia: Financial news: On the placement of additional issue No. 1 of exchange bonds of series BO-001P-08-USD of PJSC MMC Norilsk Nickel from May 5, 2025.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    For bidders

    We inform you that in accordance with Part I. General Part of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of PJSC Moscow Exchange MICEX-RTS, approved by the decision of the Supervisory Board of PJSC Moscow Exchange on February 7, 2025 (Minutes No. 16) and Part II. Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of PJSC Moscow Exchange MICEX-RTS, approved by the decision of the Supervisory Board of PJSC Moscow Exchange on February 7, 2025 (Minutes No. 16), the following form, time, term and procedure for the placement of exchange-traded bonds of series BO-001P-08-USD of PJSC MMC Norilsk Nickel (additional issue No. 1) are established:

    Name of the Issuer Public Joint Stock Company “Mining and Metallurgical Company “Norilsk Nickel”
    Name of security exchange-traded interest-bearing non-convertible non-documentary bonds series BO-001P-08-USD (additional issue 1)
    Identification/Registration Number of the Issue 4B02-08-40155-F-001P dated 04/25/2025
    Start date of placement May 05, 2025
    Trading start date May 05, 2025
    Information about the placement (trading mode, placement form) Trading mode “Placement: Addressed orders” by concluding transactions based on addressed orders at a fixed price (yield). (Settlements: Ruble)
    Trade code RU000A10B4K3
    ISIN code RU000A10B4K3
    End date of placement the earlier of the following dates: a) the date of placement of the last Exchange Bond, or b) the 3rd (Third) business day from the Placement Commencement Date (not including this date)
    Placement price 101.10% of the nominal value of the Exchange Bond of Additional Issue No. 1
    Calculation code Z0
    Underwriter Limited Liability Company “Newton Investments” (Bidder Identifier – MC0436800000; Short Name of Bidder – NEWTONINVEST)
    Trading time on the placement start date Trading hours: bid collection period: 10:00 – 13:30; bid execution period: 13:45 – 14:45.

    After the satisfaction period ends:

    period for collecting and processing applications: 15:00 – 18:30.

    At the same time, the submission of applications for concluding transactions is not allowed from 17:29 until information is received from the NCO NCC (JSC) about the completion of processing the report on the consolidated order of the DEPO.

    Trading time for placement during a period other than the placement start date Time for collecting applications and concluding transactions: 10:00 – 18:30.

    At the same time, the submission of applications for concluding transactions is not allowed from 17:29 until information is received from the NCO NCC (JSC) about the completion of processing the report on the consolidated order of the DEPO.

    On the basis of the issue documents, when placing securities, it is not allowed to submit applications and execute transactions at the expense of Trading Participants, as well as at the expense of Clients of Trading Participants, if such persons are associated with a foreign state included in the List of foreign states and territories committing unfriendly acts against the Russian Federation, Russian legal entities and individuals, approved by Order of the Government of the Russian Federation dated 05.03.2022 No. 430-r (as amended on the date of filing the application), or are under the control of the said persons, with the exception of controlled foreign companies in accordance with Decree of the President of the Russian Federation dated 05.03.2022 No. 95 “On the temporary procedure for fulfilling obligations to certain foreign creditors”.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MOEX.K.M.M.

    MIL OSI Russia News

  • MIL-OSI: Best Guaranteed Installment Loans For Bad Credit – Online Approval No Credit Check Direct Lenders Only – By Green Trust Cash

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 02, 2025 (GLOBE NEWSWIRE) — Do you want to apply for a loan that gives you an easy repayment option? Then you must apply for installment bad credit loans with guaranteed approval. Fortunately, direct lenders have made it possible for you to get cash easily and instantly as they have removed all the hectic formalities.

    Today’s Top Direct Lender For Installment Loans With Guaranteed Approval

    Here are the leading direct lender that provide guaranteed installment loans for people with bad credit:

    #1 Green Trust Cash – is known for offering no credit check installment loans . Green Trust Cash provides emergency funding of up to $5000, with a straightforward application process that can lead to quick approvals. Also specializes in bad credit installment loans with guaranteed approval. Their application process is designed to be simple and quick, requiring only a few minutes to complete. Importantly, they do not conduct hard credit checks, making them a viable option for many borrowers.

    Click Here To APPLY For Guaranteed Installment Loan >>

    Guaranteed Installment Loans For Bad Credit

    Installment loans with guaranteed approval are becoming more and more popular among borrowers with bad credit histories. Because basically this is an unsecured loan i.e. you don’t need to pledge collateral for the borrowed money. All the risk is taken by installment loan lenders. That’s why these loans are available to you with high interest rates.

    The reimbursement term for this loan type is quite convenient. You can make a settlement in easy monthly installments. Unsecured format allows you to have cash even in the absence of collateral. Under this format you can get cash in the range of $100-$5000 without any hassle. So if you are a citizen of the USA, your age is above 18 years and you have a valid bank account then you can easily get guaranteed approval for installment bad credit loans.

    Key Features of Guaranteed Bad Credit Installment Loans

    1. Accessibility: One of the primary advantages of no credit check installment loans is their accessibility. These loans do not require a formal review of the borrower’s credit history or score, making them an attractive option for those with poor or no credit.
    2. Quick Approval Process: The absence of a credit check often leads to a faster approval process. Borrowers can receive funds quickly, which is particularly beneficial in emergencies or when immediate financial assistance is needed.
    3. Predictable Payments: With fixed monthly payments, borrowers can budget more effectively. This predictability helps in planning finances and avoiding the pitfalls of fluctuating payments associated with other types of loans.
    4. Larger Loan Amounts: Many lenders offer substantial loan amounts through installment loans, allowing borrowers to cover significant expenses, such as medical bills, home repairs, or unexpected emergencies.
    5. Potential for Credit Improvement: While these loans do not require a credit check, timely repayments can positively impact a borrower’s credit score over time. This can open doors to better financing options in the future.

    Click Here To APPLY For Guaranteed Installment Loan >>

    Installment Loans With No Credit Check

    No credit check installment loans are actually meant for those persons who are facing some monetary problems and want them to be resolved within a short period of time. These installment loans help them in solving their difficulties in a single day and the best part is that their past credit profile will not interfere with recent credit worthiness.

    Getting a loan is not a problem these days. The problem is with repayment of the loan. Most of the short term loans are to be repaid within a month or so. They are usually to be repaid in one go only. This is where the problem starts. Borrowers generally find it very difficult to repay the debt taken with interest in a single part. To overcome this today lenders have introduced installment loans with no credit check. This type of personal loan is very simple to obtain and then the loan may be repaid in easy weekly or bi-weekly or monthly installments.

    Considerations When Choosing No Credit Check Installment Loans

    While the benefits are appealing, borrowers should also be aware of certain considerations:

    • Interest Rates: Installment loans no credit check may come with higher interest rates compared to traditional loans. It is essential for borrowers to understand the total cost of borrowing before committing.
    • Loan Terms: The terms of these loans can vary significantly between direct lenders. Borrowers should carefully review the repayment terms, including the duration and any associated fees.
    • Lender Reputation: It is crucial to choose a reputable direct installment loan lender. Researching reviews and ratings can help ensure that borrowers are working with trustworthy institutions.

    Click Here To APPLY For No Credit Check Installment Loan >>

    Online Installment Loans Direct Lenders Only

    The direct lender installment loans with no credit check, is the fastest way to get instant cash. It is the best financial support for people in tough times. You can repay this money in small and easy cash installments.

    What Are Direct Lenders?

    Direct lenders are financial institutions or companies that provide loans directly to consumers without involving intermediaries. This means that borrowers can apply for installment loans, receive approval, and manage their repayments all through the same entity. Working with direct lenders can simplify the borrowing process and often leads to more favorable terms.

    Today you can easily find numerous installment loan providers on the internet. You just need to discover the one who can offer you credit with easy terms and circumstances and a low rate of interest. Some of the top direct lenders available today are listed in this guide. You can select one of them to meet your financial needs and apply for an installment loan online.

    Pros of Choosing Direct Lenders for Installment Loans

    When considering installment loans, opting for direct lenders only can offer several advantages:

    1. Streamlined Process: Borrowers can complete the entire loan process—from application to funding—without dealing with third parties, which can reduce delays and confusion.
    2. Transparent Terms: Direct lenders typically provide clear information regarding interest rates, fees, and repayment schedules, allowing borrowers to make informed decisions.
    3. Potentially Lower Costs: By eliminating intermediaries, direct lenders may offer more competitive rates and lower fees compared to loans obtained through brokers.
    4. Flexible Options: Many direct lenders provide a range of loan amounts and repayment terms, catering to the diverse needs of borrowers.

    Benefits Of Guaranteed Bad Credit Installment Loans Online

    Guaranteed bad credit installment loans offer a range of benefits that can significantly aid individuals struggling with poor credit. From the opportunity to rebuild credit scores to predictable repayment terms and quick access to funds, these loans can serve as a crucial financial tool

    1. Credit Building Opportunities
      • One of the most significant advantages of guaranteed bad credit installment loans is the potential for credit improvement. By making regular, on-time payments, borrowers can gradually enhance their credit scores. This improvement can open doors to better financial opportunities in the future, such as lower interest rates and more favorable loan terms.
    2. Predictable Monthly Payments
      • Installment loans typically come with fixed interest rates and set repayment schedules. This predictability allows borrowers to budget effectively, as they know exactly how much they need to pay each month. This can alleviate the stress often associated with variable-rate loans.
    3. Access to Larger Loan Amounts
      • Unlike some short-term loans, installment loans often provide access to larger sums of money. This can be particularly beneficial for individuals facing significant expenses, such as medical bills, home repairs, or other urgent financial needs. The ability to cover larger expenses can help borrowers avoid falling into deeper financial distress.
    4. Quick Funding Process
      • Many lenders offering guaranteed bad credit installment loans have streamlined their application processes, allowing for quick funding. This means that borrowers can receive the funds they need in a timely manner, which is crucial in emergency situations.
    5. No Collateral Required
      • Most guaranteed bad credit installment loans are unsecured, meaning borrowers do not need to provide collateral to secure the loan. This feature makes them accessible to a broader range of individuals, including those who may not have valuable assets to pledge.

    A little research is recommended to be done before applying for such loans. This may be done on the internet too. Here you may compare the rates and other charges of different lenders like Green Trust Cash available in the market and can select the best one for the loan.

    Requirements For No Credit Check Installment Loans For Bad Credit

    While these loans do not require a credit check, there are still several essential requirements that applicants must meet:

    1. Proof of Income: Direct lenders typically require documentation of a stable income source, such as pay stubs or bank statements, to ensure the borrower can repay the loan.
    2. Age and Residency: Applicants must be at least 18 years old and a resident of the state where they are applying for the loan.
    3. Bank Account: A valid checking account is often necessary for the disbursement of funds and for automatic repayment of the loan.
    4. Identification: Borrowers must provide valid identification, such as a driver’s license or state ID, to verify their identity.

    One of the best parts of guaranteed installment loans is there is no matter if you contain a bad credit record. Lenders offer the loan without any credit check procedure. People with a poor credit history are eligible for this credit facility, but they have to pay a slightly higher interest rate in comparison to normal borrowers.

    So the conditions that are laid down by the direct lenders for being eligible to avail such loans are simple and can be easily qualified upon. It includes conditions such as:

    • The borrower should be citizen of U.S
    • The borrower should be of 18 years of age or above
    • The borrower should be having a bank account in his own name

    Even if you are not able to fulfill all the conditions, still you can approach the lender and can ask for an exception by showing your repayment capability to the lender. It can be easily done by showing your current income which is the basis of granting such loans.

    How To Apply For Easiest Installment Loans From Direct Lenders Only

    A market research and comparison of the rates and charges of different lenders would help you in getting the best lender at least rate.

    These loans are widely available over the web. You just need to fill up an online application form that provides mandatory information about the borrower like name, age, gender, bank account number, contact information, income proof, employment status, etc. and submit it online. The online direct lender will verify the details and if satisfied, he will transfer the requested loan amount into your bank account within 24 hours.

    Click Here To APPLY For Easiest Installment Loan For Bad Credit >>

    Frequently Asked Questions

    1. What are guaranteed installment loans for bad credit?

    Guaranteed installment loans are loans that claim to approve applicants regardless of their credit history. These loans provide fixed repayment terms, meaning borrowers repay in scheduled installments instead of a lump sum.

    2. Are guaranteed installment loans truly guaranteed?

    No legitimate lender can 100% guarantee approval without reviewing an applicant’s income, financial situation, and ability to repay. Some lenders may have high approval rates, but responsible lenders still assess risk.

    3. How do installment loans differ from Green Trust Cash loans?

    Installment loans have longer repayment periods, often ranging from 3 months to several years, allowing borrowers to make regular payments. Green Trust Cash loans typically require full repayment within 14–30 days, making them riskier.

    4. Do guaranteed installment loans require a credit check?

    It depends on the lender. Some may perform a soft credit check, which doesn’t affect credit scores, while others may skip credit checks altogether but evaluate income and employment stability.

    5. What are the typical interest rates for these loans?

    Interest rates can be high, often ranging from 30% to 300% APR, depending on the lender, loan type, and borrower’s credit profile. Borrowers should compare rates and read the terms carefully.

    6. Can I get an installment loan with no job?

    Most lenders require proof of steady income, but some may accept alternative income sources like government benefits, pensions, or self-employment earnings.

    Media Details:
    Project Name: Green Trust Cash
    Website: https://www.greentrustcashs.com/
    Contact Person: Latonya M Bowman
    Email Id: L_Bowman@greentrustcashs.com
    Address: 9620 Las Vegas Blvd S Las Vegas, NV 89123

    Disclaimer: This announcement contains general information about Green Trust Cash services and should not be considered financial advice. Green Trust Cash services does not guarantee loan approval, and loan terms may vary by applicant and lender requirements.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed547b54-0f92-4913-9859-9d5cdcf58b0c

    The MIL Network

  • MIL-OSI United Nations: 2 May 2025 Feature story OpenTeleRehab: a success story of inclusive telerehabilitation

    Source: World Health Organisation

    In 2022, the World Health Organization (WHO) and the International Telecommunication Union (ITU) introduced the Global standard for accessibility of telehealth services.

    Following the release, Humanity & Inclusion, an international non-governmental organization committed to inclusion and a non-state actor in official relations with WHO, upgraded its telerehabilitation platform OpenTeleRehab to align with these standards, making it one of the first known applications.

    Importance of accessibility in rehabilitation services

    Rehabilitation is an essential part of universal health coverage. An estimated 2.6 billion people currently live with a health condition that may benefit from rehabilitation services, but this need is largely unmet.

    With the COVID-19 pandemic precipitating the development of telehealth services, it provided a critical opportunity for rehabilitation service providers to think of ways they can optimize their reach and design services that meaningfully include and benefit everyone, such as persons with disabilities. 

    Key improvements in OpenTeleRehab

    Since its launch in 2021, OpenTeleRehab has reached over 1000 users worldwide. In its original design, the telerehabilitation platform included accessibility features, but significant refinements were needed to meet the WHO-ITU Global standard for accessibility of telehealth services.

    In February 2025, a software developer identified and tested several areas for improvements before release, such as:

    • Enhancing compatibility with assistive devices

    Telehealth platforms are often not compatible with assistive devices that persons with disabilities may use, such as screen readers and Braille keyboards. Compatibility with other devices is greatly improved by making sure that every part of the OpenTeleRehab interface is properly labeled and navigable. With this upgrade, mobile screen readers now function seamlessly and dynamic text scaling allows users to adjust font size without disrupting usability.

    • Improving visual accessibility

    The visual features of telehealth platforms can significantly improve accessibility for many persons with disabilities, especially those with a vision impairment. In the OpenTeleRehab upgrade, the platform’s color contrast was optimized and a high-contrast mode was introduced. Furthermore, the screen magnification was enhanced, allowing users to scale the interface without distortion.

    • Augmenting communication accessibility

    Features such as text-to-speech and captioning improve the communication accessibility of telehealth platforms for many persons with a sensory, learning or language difficulty. In OpenTeleRehab’s first release, the text-to-speech functionality was limited to exercise instructions. The upgrade provided an opportunity to extend this functionality to the entire patient mobile app. Automated multilingual captions were also added to improve accessibility for users who are deaf or hard of hearing.

    • Simplifying navigation and access to help

    Clear interfaces that are easy to navigate can enhance accessibility for all users. But more than an enjoyable aspect, it is an essential component of the digital experience for persons with disabilities, especially those with a learning difficulty, anxiety disorder, or mobility impairment.

    The OpenTeleRehab navigation was streamlined by restructuring content to reduce unnecessary scrolling and introducing “Next” and “Previous” buttons. These features benefit users with motor impairments. Additionally, a new Help/Contact section displaying therapist and clinic phone numbers was also added to improve user support.

    Illustration 1: Implementation of auto captions for online calls

    Illustration 2: Harmonized display when the font size is set to a maximum

    Illustration 3: Creation of an easily accessible “Help/Contact” button

    Key challenges in implementing accessibility standards

    Bringing OpenTeleRehab in line with the WHO-ITU accessibility standards was a process that was not without its challenges. The main challenges that had to be overcome during the platform upgrade included:

    • Snowball effect when fixing a dynamic digital environment

    Redesigning the user interface to meet accessibility requirements led to unexpected complications that had to be addressed. For example, increasing text size initially caused overlaps with other interface elements, which required extensive work to fix. Manual corrections also had to be performed to scale elements properly following changes. Content that is dynamically generated proved particularly difficult to trace, requiring additional customisation and meticulous adjustments.

    • Limited access to a range of test tools and assistive devices

    One significant drawback was the limited range of accessibility test tools available to the software developer, which frequently prioritized the requirements of users with a vision impairment over those with motor or cognitive impairments. Moreover, possibilities to conduct compatibility tests were hampered by the lack of access to some assistive technologies, such as Braille keyboards.

    • Identifying quality captioning services

    Selecting an accurate, multilingual, and open-source real-time captioning service proved to be another challenge. Many options that were trialled were either too slow, lacked language support, or were incompatible with specific web browsers.

    • Repeated testing

    The most resource-intensive aspect of the platform upgrade was undeniably the act of performing accessibility tests. Each change required evaluation with multiple assistive devices to ensure compatibility. Resolving issues that automated tools could not detect made the process time-consuming and labor-intensive.

    Key lessons learned

    Accessibility should be a core design principle, not an afterthought. Retrofitting accessibility provided far more challenging than designing it from the start.

    Martin Jacobs / Rehabilitation and innovation policy development officer, Humanity & Inclusion

    One of the key lessons learned was that accessibility should be a core design principle, not an afterthought. Retrofitting accessibility, even if limited to specific features, into an existing user interface proved to be far more challenging than designing it from the start. By integrating the WHO-ITU accessibility standards from the beginning, development teams can significantly reduce work while enhancing usability.

    Another crucial lesson was the importance of involving persons with disabilities in initial design, testing and feedback. Developers and testers, despite their best efforts, may not fully understand the real-world needs of users with disabilities. Engaging individuals with disabilities from the beginning of the development process can help identify critical accessibility issues, ensuring a more inclusive and user-friendly experience – for patients and health practitioners alike.

    By improving its accessibility, OpenTeleRehab has evolved into a more inclusive telerehabilitation solution. Humanity & Inclusion remains committed to further accessibility enhancements and sharing insights with the global community.

    “,”datePublished”:”2025-05-02T12:00:00.0000000+00:00″,”image”:”https://cdn.who.int/media/images/default-source/2021-dha-images/opentelerehab.png?sfvrsn=698d08ad_1″,”publisher”:{“@type”:”Organization”,”name”:”World Health Organization: WHO”,”logo”:{“@type”:”ImageObject”,”url”:”https://www.who.int/Images/SchemaOrg/schemaOrgLogo.jpg”,”width”:250,”height”:60}},”dateModified”:”2025-05-02T12:00:00.0000000+00:00″,”mainEntityOfPage”:”https://www.who.int/news/item/02-05-2025-opentelerehab-a-success-story-of-inclusive-telerehabilitation”,”@context”:”http://schema.org”,”@type”:”NewsArticle”};
    ]]>

    MIL OSI United Nations News

  • MIL-OSI Europe: The Atlantic Council hosted French Minister for Europe and Foreign Affairs Jean-Noël Barrot on Europe and the new world order.

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Frederick Kempe: Good afternoon to those joining us in our headquarters, our relatively new global headquarters here in Washington today. Good evening to those watching online from Europe and the globe, to everyone joining us from throughout the world. My name is Frederick Kempe. I’m President and CEO of the Atlantic Council, and I’m delighted to welcome you to Atlantic Council Front Days. This is our premier platform for global leaders. And it’s an honor to host today the Minister for Europe and Foreign Affairs of the French Republic, Jean-Noël Barrot. Today’s discussion turns our attention to one of the most enduring and consequential bilateral relationships in U.S. history.

    In the nearly two and a half centuries since France became the first country to formalize diplomatic relations with the newly born United States. Next year, Mr. Minister, is the anniversary of the revolution here. France became the first country to formalize diplomatic relations with the newly born United States. Since that time, this pillar of the transatlantic relationship has seen moments of triumph and moments of trial. From Lafayette and Washington to the beaches of Normandy, the United States, and France have forged partnership unlike any other based on common values in history. However, this relationship goes beyond just sentiment. At each major inflection point in recent history, our countries have stood together, not just because of friendship, but because of shared interests. And now, facing a war on European soil, basing an unfolding trade war, potentially rapidly evolving technological disruptions, and more, the United States and France must consider how to recalibrate and perhaps how to reinvent its partnership and the broader Atlantic alliance with it in order to achieve our common goals of security, prosperity, and freedom.

    As we think through how best to address these challenges, we are delighted to welcome Minister Barrot for today’s event and on the occasion of his first visit to the United States in his current role. The Minister has held numerous positions in the French government, including most recently Minister Delegate for Europe and then Minister Delegate for Digital Affairs, making him well-placed to share the French perspective on the political dynamics at the EU level as well as critical issues of digital and tech policy, and it may help in these times also to be a policy. Minister, welcome to the Atlantic Council. Before we begin let me just say to our audience that we will be taking questions. First, the Minister will make some opening comments Then I will join him on the stage and ask a few questions and then turn to the audience for questions. For those in person, we’ll have a microphone to pass around. For those online, please go to askac.org, askac.org to send your question in virtually. Minister Barrot, it’s always a pleasure to have someone speak at the end of meetings in Washington instead of the beginning of the meetings in Washington. So we look very much forward to your attention.

    Jean-Noël Barrot : Thank you very much, Mr. President. Hello, everyone. One week from now, on May 8th, we mark an important anniversary, the 80th anniversary of the end of World War II in Europe. This was the starting point of an extraordinary endeavor, a formidable building, a building of rule-based international order, a building of multilateralism. Who was the architect of this formidable building? Well, the architect of this building were the United States of America. They did not do this out of charity. They did this as out of enlightened self-interest. They collected substantial dividends from multilateralism throughout the eight decades that have just passed by. The dividends of multilateralism. Think about security. Thanks to the nonproliferation treaty, we collectively have avoided a raise to the nuclear bomb that would have caused so much instability and raised the cost of defense for all our countries.

    NATO has allowed the US, alongside its European partners, to ensure security in the North Atlantic, but also to offer major investment opportunities for its defense industry. Think about trade. WTO has allowed the US economy to grow, has allowed US services to thrive, digital services, financial services around the world. Think about currency. The Bretton Woods framework has made the dollar a global reserve currency. What does it mean to be a global reserve currency? It means that everyone wants to hold it. So that the yields on your treasury bonds are the lowest on earth. And even more than that, when there is a crisis, even when there is a crisis in the US, people rush to buy your treasury bonds, and the cost of borrowing goes down. This exorbitant privilege, as a French president coined it, is part of the dividends of multilateralism that the US brought to the world and that they also benefited from.

    This formidable building, the building of multilateralism, was designed 80 years ago for a unipolar world, where a benevolent hegemon, the United States of America, was the guarantor of rule-based international order. A world in which US leadership was unchallenged, untested. But eight years later, indeed, the world has changed. It has become multipolar, US leadership is challenged, And sometimes multilateralism seems powerless or unfit for power. And therefore, and gradually, a temptation arises for the US to perhaps let go of multilateralism, quit multilateralism, to pull back, to restrain it. This is our choice that belongs to the American people. But this would be a major shift, a major shift for the US, who would not be able to collect the dividends of multilateralism any longer, a major shift for the world, because the multilateralism will survive whether or not the US quits multilateralism. And so someone will fill the void starting with China, which was already getting ready to step up and to become the new hegemon of this new era of multilateralism, in the case where the US would decide to let them play this role.

    Now there is another route, there is an alternative route. Rather than quitting multilateralism, reshaping it, adjusting it, making it fit for the 21st century. The first step, and this is a difficult step, is accepting to share the power. in order not to lose it altogether. This means reforming the UN and its Security Council, reforming the financial infrastructure to make space for big emerging countries and share the burden with them, but also hold them responsible because they have part of the burden to share in handling the global issues and challenges. The second step when building multilateral for a multipolar world is to be ready to build coalitions of the willing to overcome obstruction in multilateral forum like the UN Security Council when they arise. It’s not because something won’t happen at the UN, at the IMF, or the World Bank, that you cannot design a coalition of the willing with willing and able countries in order to overcome this obstruction. This is the new era of multilateralism. This is the route that Europe is willing to take and that Europe is hoping to take alongside the United States of America.

    One week from now, we’ll celebrate another anniversary, not on May 8th, but on May 9th, the 75th anniversary of the birth of Europe. On May 9th of 1950, my distant predecessor, Robert Schuman, woke up in a country, France, that was five years past World War II, where tensions were rising with the neighbor and rival, Germany. Germany was recovering from the war faster than France was. And so what was the tendency in Paris on that day, in that year? Well, the tendency was protectionism, was raising tariffs, raising barriers to prevent Germans from thriving and fully recovered. And so Robert Schuman, as he was heading to the Council of Ministers, he had this crazy idea in mind to put in common steel and coal across France and Germany, swimming against the tide to favor cooperation over confrontation. At the Council of Ministers, he barely mentioned his initiative for his prime minister not to prevent him from announcing it. And at 6 p.m., in a one-minute and 30-second speech, he made this unilateral offer to create the European steel and coal community and make the foundation of a multilateral, cooperative European Union. So you see, when times are hard, and when the tendency is to restrain, pull back, raise barriers, Those visionary men that brought us prosperity and that brought us peace in the European continent, they swung against the tide and offered innovative models for cooperation. So let us find inspiration in the great work of these visionary people. Thank you very much.

    Frederick Kempe : I feel that was a very important statement and I’m gonna start with that. You see by the audience and standing room only that there was a lot of interest in this conversation and what you had to say : 75th anniversary of the birth of Europe, the 80th anniversary of the E.A., all next weekend, we’re calling attention to that. And it seemed really to be a call to your American allies and to the current administration to stay the course on multilateralism and transatlantic engagement, et cetera. So, A, do you intend to do that? And it’s no accident that no one in this audience who’s following the news, everyone knows that there are doubts right now in the transatlantic stream. Not all of them do I share, but I just wonder if you could give us a little bit more of the context of your statement.

    Jean-Noël Barrot : Well, we deeply care about the world-based international model of multilateralism. So I spent two days in New York at the Security Council as we were wrapping up our presence. You know, 15 members of the Security Council, they get one month’s presidency every 15 months. And so we try and make the most of your months-long presence. And to give you a sense of what our commitment is, I am, we are very committed to the three fundamental missions of the United Nations, peace and security, human rights, sustainable development. That’s why we had three bottom security meetings, Ukraine, Middle East, but also non-proliferation, in a closed-door Security Council meeting that was on proliferation. that was first convened in 15 years, or last convened in 15 years, 15 years ago. On human rights, we brought together, mentioning coalitions of the wing, international humanitarian law is under attack, let’s say. And we brought together countries from all around the world, east, south, west, and north, in a coalition of the willing to support politically and better implement in practice the rules of international humanitarian law. And then third, on sustainable development, we took this opportunity to bring together the countries that are the most committed, like we are, to the preservation of oceans, 40 days ahead of the third United Nations Conference on Oceans that will take place in Nice, south of France, and that is aimed to be the equivalent for ocean as what the Paris Accord has been for carbon emissions. So we’re very ambitious with this event as many countries as possible to rally some of the key deliverables of these countries. And so I decided I would spend some time at the UN talking about that.

    So we think this is the right way to go, adjusting multilateralism to make it more efficient in the multi-border world that we’re living in. And I hear that the new leadership in the US is considering what its course of action is going to be. And I think amongst friends that are actually oldest friends, we owe each other an honest discussion on what we see our common interest to be. And I think that was the sense of my introductory remarks. Thank you so much.

    Frederick Kempe : And I think you’ve seen a signal of commitment today, I think, toward the United Nations with the nomination of National Security Advisor Mike Walz to be the UN ambassador, so also an interesting piece of news. Speaking of news, you have had meetings here. We do have media, French, US, other here, and I wonder whether you could tell us your perspective on what do you take away from the conversations, Secretary Rubio, others, anything specific that we can take away from that? And then in that context, as you’re looking at what your greatest challenges are, what were the priorities in your conversations with U.S. leadership?

    Jean-Noël Barrot : Well, I mentioned the 9th of May and 75th anniversary of this declaration by Robert Truman. This year will be Ukraine, because I think a very important, significant chunk of our future, and I’m not talking about the future of Europeans only, depends on how this war of aggression is going to end. So we’ll be with my fellow European ministers of foreign affairs there to express our support to Ukraine and our willingness for this war to end in accordance with the UN Charter international rule. So that was clearly an important topic that I discussed with the US leadership at the State Department as well as Capitol Hill. But we also discussed Middle East, where France and the US have been leading the efforts to put an end to the war that was basically destroying Lebanon eight months ago. We managed to broker a ceasefire five months ago to monitor the ceasefire through a joint mechanism. We managed to bring the conditions for the end of the political crisis with the election of President Joseph Aoun. that then appointed the government, that is now at work trying to implement reforms that are long due in Lebanon. And we want to do the same thing, same food for cooperation in Syria, where this, after overturning the dictatorship of Bashar al-Assad, there is an opportunity to build a strong sovereign country that will be a source of stability rather than instability for the region. I cannot let aside Gaza and the Israel-Palestinian conflict, where again, we converge on the necessity to bring back stability and peace to the region. We have praised the Arab accord logic, and we’re working in the same direction, bringing peace to the region. Muslim and Arabic countries in the region and Israel towards security architecture that would ensure the security of all peace and stability. We also discussed Africa, where the U.S. made a breakthrough in handling or in sort of moving towards a cessation of hostilities in the Great Lakes regions in the east of the Democratic Republic of Congo, where the second worst humanitarian crisis is happening right now. This is good. And after they were received or they were hosted by the Department of State, a few days ago, the DRC and Rwanda gathered in Qatar with France and with the United States. So as you can see, some of the major, major issues, major crises. France and the U.S. are working together in order to find the right solution. Sometimes it isn’t we. Sometimes we don’t start from the same point, but look at Lebanon. It’s because of our complementarity, because of different history in the region, because of the different nature of our partnership, relationship, friendship with the stakeholders of that crisis that we were able.

    Frederick Kempe : Thank you for that answer. Let’s start with Ukraine. News yesterday about critical minerals deal with Ukraine almost more interested in the political side of this than the economic side of this. Talking to Ukrainian officials over the last few months, they’ve been concerned that the U.S. gone more from being an actual partner of Ukraine in trying to counter Russian threat and the Russian attack, and more of an arbitrator, more of a moderator. This critical mineral deal, if you read the language of it, suggests a little bit of a change of direction. And I just wonder, and that is an area where France and the U.S. have not always been entirely singing from the same song sheet. What did you hear during your trip there? How do you assess this new agreement and its political meaning?

    Jean-Noël Barrot : Well, I think it’s a very good agreement. I think it’s a very good agreement for Ukraine and also for the U.S. But I also think that it tells us something very important about what’s happening right now. Let’s go back to the Oval Office when President Zelensky was there. What was the expectation by President Trump with respect to Ukraine? Well, actually, there were two expectations. Ceasefire and sign of a new deal. Since then, on March 9, in Jeddah, Saudi Arabia, Ukraine accepted a comprehensive ceasefire. And yesterday night, they agreed to a mineral deal with the United States of America. They’ve done their part of the job. They’ve walked their part of the talk. But in the meantime, we haven’t seen Vladimir Putin send any signal, any sign of his willingness to comply with the requests of President Trump, to the very contrary. So let’s face it, right now, the main obstacle to peace is Vladimir Putin. So what I found very interesting in my meetings here in Washington is the efforts, the commendable efforts by Senator Lindsey Graham, who put together a massive package of sanctions that he collected bipartisan support for, with almost 70 senators now signing the bill which is aimed at threatening Russia into accepting a ceasefire, or else those sanctions will apply. And here again, we agree that we will try to coordinate because we, Europeans, are in the process of putting together the 17th sanction package that we are going to try, on substance and timing, to coordinate with Senator Graham’s own package. That was, perhaps, a bit of a long answer. But in summary, it’s good news that this deal was struck. It’s good news that the US, and I heard Secretary Besant express what he had in mind, the US was considering deep economic cooperation with Ukraine. It goes in the right direction. It’s the right course that they should, that should be taken.

    Frederick Kempe : And Secretary Bessent also said this is meant to be a signal to Putin. You see this as well.

    Jean-Noël Barrot : Yeah, put together this deal. The package by Lindsey Graham, who last time I checked is not a political adversary of President Trump, as well as the pressure that Europe is building up on Russia. And you get, the sense of the variant, it’s now basically Putin’s fault if we don’t yet have a ceasefire in the world.

    Frederick Kempe : So in recent discussions with US envoy Steve Witkoff, what divergences existed between France and the United States? And how do you hope to close those divergences? I guess part of this has to do with European troops, American backstop, but it also gets to the conditions behind a peace deal.

    Jean-Noël Barrot : If Ukraine was to capitulate, this would have long-lasting, wide-ranging consequences for the entire world. because it would basically replace rule-based international order by the law of the strongest. It would create massive incentives for countries around the world that that have border issues with their neighbors to consider that they can invade, that they can use military threats or force to obtain territorial concessions. This would be major, and this would be very costly for all of us, at least for responsible powers like the US and France that tend to get involved when there are issues around the world. When we would see issues exploding all around, it would be a major threat. In addition to that, should Ukraine capitulate after Ukraine has agreed to let go of its nuclear weapons in exchange for security guarantees. This will send the signal that the only ultimate security guarantee is the possession of nuclear weapons. And there we have a nuclear proliferation crisis, which again raises global instability at levels that we haven’t seen for the past 80 years, and will increase the cost massively of security in the US, security in Europe. And I think this view is shared between the U.S. and France. But of course, there is one difference between the perspective of the U.S. and the European perspective of this crisis, which is that our own security is at stake because we are neighbors of Russia or because we don’t want to be neighbors of this Russia that is now spending 40% of its budget on its military spending, 10% of its GDP, that just conscribed 160,000 additional soldiers, the largest conscription in 14 years. I’ve heard many, many times Russia say that they don’t want NATO at their borders. Well, we don’t want this Russia at our borders either. And that’s why we are so serious about what’s happening and about how the war will end. And that’s why we’ve been insisting so much about the security guarantees. And I think our message went through. And I think the US are counting on us to build the security arrangements such that when the peace deal is struck, that we can provide those security arrangements in order for the peace to be lasting and durable. But I think it’s well understood, and I’ve heard President Trump, but also officials from the US, clearly saying that of course they want this peace to be lasting, and of course this means that there is security guarantee.

    Frederick Kempe : And can it work without an American backstop where you’re getting closer to a conversation about that? Or, alternatively, is this critical minerals deal a security guarantee in a different form?

    Jean-Noël Barrot : So you should put things in two perspectives. We have been supporters of the Euro-Atlantic integration of Ukraine. Namely, we said that we were open to extend an invitation, a NATO invitation to Ukraine. We understand that NATO members, not all NATO members, agree with our view, so we have to find an alternative path. The sense of this coalition of the able of the willing that France and the UK has been putting together in order to design those security arrangements. This is ongoing work. This starts with making the Ukrainian army strong enough to be able to deter any further aggression by Russia, but it also very likely means some form of military capacity as a second layer of sanction or guarantee. When those detailed discussions will have been wrapped up, they’re currently ongoing, it will appear whether or not and how much any contribution or backstop by the US is needed. It’s possible that it is needed. Why? Well, because as far as Europeans are concerned, we’ve been working. We’ve been working and planning for our defense. It’s a little bit different for France, the UK, and Poland. But for the rest of European armies, we’ve been working within NATO. So if you’re going to work on a security arrangement outside of NATO framework, then at some point, you might need some kind of NATO-like enablers or make items that are going to make sure that the security arrangements are robust. But that being said, in the same way, do we understand that the US have decided that they will likely reduce their commitment to. We also understand that they are counting on us to bear the burden of providing the security arrangements. But we also need to be honest with them once we’ve done our homework. If there are pieces of these security arrangements that cannot be found outside of US contribution, we’ll just be honest.

    Frederick Kempe : Thank you so much. The one thing you didn’t mention in your opening comments is you didn’t talk about tariffs. You knew I was going to say that. And I wondered if it came up at all in your discussions. And also, I wonder if you could talk a little bit about what this 90-day pause gives a potential for an agreement. What sort of agreement can you imagine, or what is the direction of agreement with the European Union and the United States? How concerned are you about the tariffs driving a more lasting wedge across the Atlantic?

    Jean-Noël Barrot : Well, the good thing when you’re a foreign minister or an FF minister from France is that you’re not in France working tariffs. That being said, you’re allowed to have your own view on things. And indeed, as an economist, I have to say, otherwise I would be a traitor to my profession, that tariffs are not a good idea. President Trump wants to bring jobs back to America, and this is a perfectly legitimate ambition. In fact, we have the same in Europe. We want to bring jobs back to Europe. But tariffs are probably not the best way to achieve this objective. Tariffs are a tax on our economy. It’s a tax on the middle class. And it will make us Europeans, as well as Americans, poor. We do have research on what happened during the last trade war, the 2018 trade war. What happened? Well, the effect on the economy on this side of the Atlantic was limited. It’s basically a $7 billion loss, $7 billion loss on the economy. That’s not big. But it led to a massive transfer from the US consumer, middle class, of $50 billion. So the loss for the US consumer of $50 billion transferred to producers, $9 billion, to the government, $35 billion. And the rest is what’s lost for the US economy. So it’s a mild loss. But it’s a massive transfer from the US consumers to the US government. That’s what happened last time around. And those numbers are small because the trade war at the time was very big. Multiply this by 10. And you’ll get the kind of effects that you’re going to see on European economies, U.S. economies, and so on. So our hope is to reach the same type of outcome that we got the last time around. The U.S. retaliated, we retaliated, and then at some point we suspended those who lifted those tariffs. It was not the same administration that did it, but still, those tariffs were lifted. And I really hope that we get to this objective because, again, we’re very closely intertwined economies, so we have a lot to lose, but we have major rivals, adversaries, competitors that are going to benefit massively from this framework if we sort of choose confrontation over cooperation.

    Frederick Kempe : So let me ask one more follow-up there, and then I’ll go to the audience. On the tariffs, didn’t you raise this issue when you were here, when you are the foreign minister, but it is a political as well as an economic issue. And did you get any indications of what direction ?

    Jean-Noël Barrot : Well, the good thing about being Marco Rubio is that you’re not in charge of terrorists either. But when we met in NATO, I told him that if there was only one positive aspect of those tariffs, is that by lowering GDPs, it would allow us to reach our NATO targets.

    First question from an author and journalist : We see re-entering a phase, a new intensive phase of big power rivalry with the United States retreating from security commitments in Europe, Russian military militarizing its society and having designs on other neighbors besides Ukraine and China seeking economic domination of the world. President Macron has spoken often about the need for Europe to achieve greater strategic autonomy. Do you think Europe should seek to constitute a fourth bloc, even at the risk of putting greater space with its principal ally, the United States? And a quick follow-up, you spoke about the need to share power in a multilateral context. In terms of UN Security Council reform, is France prepared to fold its seat into the European Union presence, or would you also agree to the idea of expanding the Security Council to have 10 to 12 nations? Thank you.

    Jean-Noël Barrot : So you mentioned Russia. You mentioned the four months. That was your first question. I wouldn’t go Russia a block. Russia has a GDP that is 20 times smaller than the EU. I wouldn’t call that a block. Russia is a big country geographically. It is one of the winning nations of the Second World War. So, there are a number of consequences coming with that, including the permanent seat of the Security Council. But I wouldn’t call Russia a block. And we don’t see ourselves, when we speak about strategic autonomy, we don’t see ourselves as entering into a logic of blocks or spheres of influence and stuff like that. We remain committed to multilateralism, rule-based international world order, balance. The only thing is that in a more brutal world, if you want to be heard and be respected, when you’re upholding the values that Europe and the EU upholding, freedom, democracy, free speech and so on, you’re going to need to be much stronger, much less dependent on other regions. And so we see our strategic autonomy as a way to defend the model, which is an open model, which is a balanced model, which is a multilateral model of governance for the world. And we see a lot of appetite for this approach, because since those trade wars started, we cannot count the number of countries that are knocking at EU’s door to strike a trade deal or even to become a candidate. And it’s not only Iceland and Norway that seem to be interested. I heard that on this side of the Atlantic, there are people considering. And you know that there is one geographical criteria. But I just want to mention that even though it’s a very, very, very, very tiny island in the middle of the Atlantic Ocean, no one lives there. I think it’s like 20 meters long. But this island is split between Canada and Denmark, which gives Canada an actual border with the European Union. And the second question is about… I went quickly because I was told that we should not be long in the introduction of those conversations, but I really think that if we want to adjust those institutions, Security Council and so on, To the new era, we need to accept that others have grown over the past 18 years and they need to be represented, but they also need to take their responsibility. Some of them are no longer developing countries. They are actual major economies, major powers. So they should have a seat at the table, but they should also behave as major powers. So what’s our position? Our position is a permanent seat of the Security Council for India, Germany, Japan, Brazil, and two African countries with all associated priorities. This is what we want for the reform of the Security Council. But we also want the same kind of thing to happen with international financial institutions. And this is the spirit of what President Macron has called the Paris Act, or the Act for the People and the Planet, where the ideal is reform. No country in the south should have to choose between fighting against poverty and fighting against climate change. So it should be more balanced, more equal, equitable funding for southern countries. But those emerging countries from the South that are now developed economies should also bear their responsibilities with respect to the least developed countries, the poorest countries. Because right now, some of them are sort of bunching with the least advanced countries sort of take their responsibility with respect to the poor countries. So that’s the spirit in which we’re pushing. And in fact, I had a meeting dedicated to security council reform on Monday in New York with some of the African countries that were working on it.

    Frederick Kempe : Thank you for that good answer. While we’re open, we’ve got a lot of questions now. I saw this gentleman first. and then we’ll go, I’ll figure it out, we’ll figure it out. Anyone here that wants to, there we go, that’s what I’m gonna do next. There we go, please.

    Second question : In context with President Macron’s call to Prime Minister Modi of India in solidarity after the terror attack in Palgakush, India, do you see a justifiable response by India against this attack as another roadblock to ensuring the India-Middle East Corridor gets off the ground. Of course, it was set back after the Israel-Hamas war. And did that conversation come up in your discussion with Secretary Rubio today? And if not, then what do we need to do collectively as the international community to make sure this gets off the ground?

    Jean-Noël Barrot : Thank you, so President Macron has been in touch with Prime Minister Modi, I have been in touch two times with my fellow foreign minister from India. We expressed solidarity. We hope tensions not to escalate and I heard Secretary Rubio call Pakistan to formally recognize the terrorist nature of this attack and to condemn it in the strongest possible way. And I would happily join this call to Pakistan to recognize the terrorist nature of what happened. And we’ll keep in touch with Marco Rubio, but also with my fellow minister David Lamb from Great Britain, UK, and my Indian colleague, in order to ensure or to try and avoid procrastination in the region.

    Third question : Good afternoon, journalist from the French newspaper Le Monde. I have two questions, the first one regarding security guarantees for Ukraine. For months, France supported the idea of the deployment of some international monitoring force in Ukraine, but with a very strong American security guarantees. The Trump administration doesn’t seem to see eye to eye on this. They’re not inclined to offer any sort of serious security guarantees, so what’s the plan B? Have you given up on this two-fold idea or not? And the second question regarding Iran, there are currently very important discussions between the Trump administration directly and indirect with the Iranian representatives. For a very long time, France was in favor of putting on the table as well with Iran the ballistic issue. It doesn’t seem the case at all right now. The Trump administration is basically considering a sort of GCPOA revisited or maybe an interim agreement. So what’s your view exactly on the current discussions? Thank you.

    Jean-Noël Barrot : So on the first question, let me just clarify, because I think it’s important that everyone gets this right. There are two things. First, there is a ceasefire, and a ceasefire needs to be monitored. And the coalition of the able and willing put together by France and the UK have been working on proposals so that at the minute the ceasefire is broken, that the US have in their hands, because there will be that sort of origins of the ceasefire, solutions for this ceasefire to be monitored. And this might involve some European capacity just to check what’s happening in the line of contact and to be able to attribute violations. So that’s one thing. But the ceasefire is only one step towards what’s our end goal, which is a full-fledged peace treaty or peace agreement. This peace agreement that the Ukrainians and Russians will be discussing, but that was President Trump’s intuition, this discussion cannot happen while the war is happening in Ukraine. That’s why he did a ceasefire for the discussion. It will end up with discussions on territories and a discussion on security. And with the same question of the coalition of willing, we’re working on this second piece, which is security guarantee. But security guarantee has nothing to do with monitoring the ceasefire. Security guarantee is deterrence against any further aggression. How do you do that? As I was saying earlier, the first layer is to porcupine the Ukrainian army for it to be deterrent enough for anyone to try and invade. But then you probably have other layers, so military capacity deployed in Ukraine or around Ukraine, and that’s what we’re working on, and when the moment is right, we get to the Americans and ask them or tell them what is it we need for this security guarantee. And we’re working on this, and we’re confident, and again, as I was saying, I’ve heard President Trump in several occasions speak in a way that shows that he understands the importance of the security terms. And then on Iran, a very important topic that I should have mentioned in response to your first question, Mr. President, because this is a topic in which we’ve been coordinating with Marco Rubio from day one. We are supporting, encouraging the discussion that the U.S. opened with Iran. Why? Because Iran is posing a major threat to our security interests. Because we France, Marseille are within reach. And because our partners, close partners, in the region are also within reach. So we are very serious about this question. But we believe that there is no other route, no other path, and a diplomatic path to solve this issue. That there is no military solution to this issue and that any form of military attempt to solve this issue will have very large costs that we would not like to bear. So, in order for this discussion to be as successful as possible, we’ve been coordinating with the US on a substance and timing. substance because our teams have been working for the last few months ahead from the expiration of the GCP area, the nuclear agreement that was struck 10 years ago and that is expiring in the fall. So we were getting ready for this expiration a clear idea of indeed what might be a robust and protected field for us, and this would include indeed some of the ballistic components, but also the regional activities components. And the substance is sort of at the disposal of U.S. negotiators because it’s for free and there is no copyright. But we’re also coordinated on timing because we will not hesitate to reapply all the sanctions that we lifted in 10 years ago when GCPOA was struck. In the case where the IAEA confirms that Iran has violated its obligations under GCPOA, and if it happens that by the summer we will have a protected frontier that is sufficiently protected of our security interests.

    Frederick Kempe : So this has got to be the last question. I really apologize to others, but I saw that gentleman’s hand approach right through the middle. So, no, no. Yes, thank you. Yes. Thank you.

    Last question from a student from Sciences Po : I’d like to know what’s your opinion what’s your take on how france will balance its relationship with the U.S. and at the same time with China in light of the fact that France needs new partners and also in light of the fact that President Trump openly asked European leaders to direct ties with the PRC. Thank you.

    Frederick Kempe : And since this is the last question, let me add to it on the terror front because You know, in your conversations here, and you’ve spoken before about the relationship between the European Union and China on the trade front, does this terror policy drive Europe more into the hands of trade and economic relationships with China? And if you believe that, have you said that to your interlocutors here watching during your visit?

    Jean-Noël Barrot : I mean, it’s obvious, no? Whether you want it or not, look at one and read economic research. The numbers I quoted earlier are from a paper in the Portal Reform of Economics called the Returns to Protection. It’s the last paper on the 2018 trade war, last economic paper, research paper. But anyway, I will tell you that what happened last time is that during the 2018 trade war, it’s not like suddenly factories moved from one country to another. It was a reshuffling of international trade. So you’re going to see a lot of reshuffling. You mentioned, or you recall what I said, on China and filling the void. Listen to Chinese officials’ speeches now. And again, we take all of this with lots of grains of salt, but my colleague, Wang Li, now in all his speeches, he’s saying how much he cares about multilateralism. And I’m sure… No, seriously. And he will, I mean, I’m pretty sure that they will consider filling the void at the World Health Organization. I’m pretty sure that they will, anytime they will see some pullback, they will try to step in. Because they have two, there are two possible strategies. Either the U.S. are there, filling the void, then they will try to build sort of formats outside of the established formats that we’ve seen them do or they will see U.S. pull back and they will try fill the void. Now, what’s our relationship with China? As far as Europe is concerned. Again, we’re lucid. We’re not blind. And so we think there can be a trade agenda with China. So that’s some of the issues that we’ve are sold, which is not quite the case now. We’ve also had our trade war with China these past few years, with us sanctioning Chinese EVs and then sanctioning European cognac and armagnac. So this is dear to our hearts. And of course, it’s going to be difficult to engage into a natural trade agenda until those sort of contentious issues are solved. Then we can. But of course, our discussion cannot only touch upon trade. And when China is supporting Russia’s war on Russia, when China is on the side of DPRK, on the side of Iran, proliferating countries that are threatening this non-proliferation treaty and sort of the global stability, it’s difficult to build trust. If China was to establish a sort of trusted relationship with European countries, it will have to show also that it takes our security interests into account. Otherwise, it might be challenging.

    Frederick Kempe : Thank you. Do you have your answer? Yes, Fred, thank you. So, look, this, Minister Barrot, on behalf of the audience, on behalf of the Atlantic Council, thank you for three things. First of all, for your visit to the United States, a very timely visit, a very crucial moment. Second of all, for taking so much time with us at the Atlantic Council and talking so frankly and clearly in your opening statement and in this fascinating engagement, and then most of all for our enduring alliance. Thank you so much.

    MIL OSI Europe News

  • MIL-OSI USA: James and Bilirakis Spearhead Bill to Empower Parents to Better Protect Children

    Source: United States House of Representatives – Representative Gus Bilirakis (FL-12)

    WASHINGTON, D.C. – This week, Representative John James (MI-10) introduced the App Store Accountability Act, a landmark bill designed to increase safeguards within app stores to empower parents and protect children. Congressman Gus Bilirakis, who is Chairman of the Commerce, Manufacturing and Trade Subcommittee, which has jurisdiction over this important content area has joined James as an original co-sponsor of this legislation. The bill ensures that children are not accessing age restricted material through online app stores and provides parents with more control over what their children can access. A national poll commissioned by Digital Childhood Alliance found that 88% of parents want app stores to require parental approval before minors can download a new app.  Just as how brick-and-mortar stores are held responsible for selling age-restricted materials like tobacco or alcohol to minors, the App Store Accountability Act will hold digital app stores accountable for providing adult or age restricted material to minors. 

    “Requiring parental consent before kids can download apps is a commonsense measure that ensures parents have the ability to stay informed and engaged in their children’s digital lives, helping to prevent exposure to harmful apps and privacy risks,” said Congressman Gus Bilirakis.  “By equipping parents with effective, easy-to-use tools and resources, we empower them to better protect their children while fostering open communication and digital literacy within families.”

    Rep. James issued the following statement regarding his legislation:“Kids cannot consent — and any company that exposes them to addictive or adult material should be held accountable. The App Store Accountability Act holds Big Tech companies to the same standard as local corner stores. It safeguards the next generation by empowering parents and ensures that when it comes to protecting children, no one is above the law.” 

    Specifically, the App Store Accountability Act would:

    • Require age verification for access to App Store ID.
    • Require parental consent for users under 18 using App stores.
    • Link devices of minors on app stores to parents/guardians.
    • Establish enforcement mechanisms for violations of this act.

    Senator Mike Lee (R-UT) is leading an identical companion bill in the Senate.  “For too long, Big Tech has profited from app stores through which children in America and across the world access violent and sexual material while risking contact from online predators,” said Senator Lee. “Our legislation brings age verification and accountability to the source of the problem.”  

    “App stores are the digital gatekeepers of our children’s lives. They control what gets through, but until now, they’ve had zero accountability. This bill fixes that.”– Casey Stefanski, Executive Director, Digital Childhood Alliance

    “The App Store Accountability Act is a commonsense solution to an acute problem created by tech companies. The fact is that contracts signed by minors are unenforceable, but the app stores, including Apple’s and Google’s, make all users – including children – sign a user agreement entitling the companies to collect data and limiting their liability. We wouldn’t accept this from a bank. We wouldn’t accept this from a car dealership. Why are we accepting this on an iPhone?” – Joel Thayer, President of the Digital Progress Institute

    “App stores open the door to exploit vulnerabilities in kids. Protecting our children online begins with age verification and parental consent. This bill can end exploitation before it starts!” –Russ Tuttle, Founder & President The Stop Trafficking Project

    “App stores treat children like virtual adults—promoting adult-oriented platforms and allowing minors to accept terms and download any app without parental oversight. Parents, not tech companies, should have the final say over their child’s app usage. This bill restores parents’ digital sovereignty, empowers them to make informed choices, and reestablishes appropriate digital boundaries for children.”—Annie Chestnut Tutor, The Heritage Foundation

    “Protecting our children from predatory online business practices should be automatic. And those who don’t honor this common-sense principle must be held accountable. Requiring age verification, parental consent, and enhanced transparency in today’s powerful App Stores is a lifeline parents have been waiting for.”—Chris McKenna, Founder & CEO Protect Young Eyes

    MIL OSI USA News

  • MIL-OSI: Sprott Physical Gold and Silver Trust Updates Its “At-the-Market” Equity Program

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold and Silver Trust (NYSE: CEF) (TSX: CEF / CEF.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold and silver bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$250 million of units of the Trust (“Units”) in the United States and Canada.

    Distributions under the at-the-market equity programs in the United States and Canada (together, the “ATM Program”) will be completed in accordance with the terms of an amended and restated sales agreement (the “Sales Agreement”) dated December 6, 2024, as amended on May 2, 2025, between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. (“Cantor”), Cantor Fitzgerald Canada Corporation (“Cantor Canada”), Virtu Americas LLC (“Virtu”), Virtu Canada Corp. (“Virtu Canada”), BMO Capital Markets Corp. (“BMO”), BMO Nesbitt Burns Inc. (“BMO Canada”), Canaccord Genuity LLC (“Canaccord” and, together with Cantor, Virtu and BMO, the “U.S. Agents”) and Canaccord Genuity Corp. (“Canaccord Canada” and, together with Cantor Canada, Virtu Canada and BMO Canada, the “Canadian Agents” and, together with the U.S. Agents, the “Agents”). The Sales Agreement is available on EDGAR at the United States Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov and the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.

    Sales of Units through the Agents, acting as agent, will be made through “at the market” issuances on the NYSE Arca (“NYSE”) and the Toronto Stock Exchange (“TSX”) or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. None of the U.S. Agents are registered as dealers in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agents may only sell Units on marketplaces in Canada.

    The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust’s sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical gold and silver bullion in accordance with the Trust’s objective and subject to the Trust’s investment and operating restrictions.

    The offering under the ATM Program is being made pursuant to a prospectus supplement dated May 2, 2025 (the “U.S. Prospectus Supplement”) to the Trust’s U.S. base prospectus (the “U.S. Base Prospectus”) included in its registration statement on Form F-10 (the “Registration Statement”) (File No. 333-286907) filed with the SEC on May 2, 2025, and pursuant to a prospectus supplement dated May 2, 2025 (the “Prospectus Supplement”) to the Trust’s Canadian short form base shelf prospectus dated May 1, 2025 (the “Base Shelf Prospectus” and together with the Prospectus Supplement, the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the “Offering Documents”). The U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC’s website at www.sec.gov, and the Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.

    Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the Sales Agreement and the ATM Program.

    Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX has been approved by the NYSE and the TSX, as applicable, subject to all applicable listing requirements.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

    About Sprott and Sprott Asset Management
    Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, we are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the NYSE and the TSX under the symbol “SII”.

    About the Trust
    Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust’s annual information form for the year ended December 31, 2024 (the “AIF”). Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.

    Caution Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements in this press release include, without limitation, investor demands for Units, statements regarding the ATM Program, including the intended use of proceeds from the sale of Units, any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with a sale of Units. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, the gold and silver markets. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, as updated by the Trust’s continuous disclosure filings, which are available at www.sec.gov and www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

    For more information:

    Glen Williams
    Managing Director
    Investor and Institutional Client Relations
    Direct: 416-943-4394
    gwilliams@sprott.com

    The MIL Network

  • MIL-OSI: Sprott Physical Silver Trust Updates Its “At-the-Market” Equity Program

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical silver bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$1 billion of units of the Trust (“Units”) in the United States and Canada.

    Distributions under the at-the-market equity programs in the United States and Canada (together, the “ATM Program”) will be completed in accordance with the terms of an amended and restated sales agreement (the “Sales Agreement”) dated December 6, 2024, as amended on May 2, 2025, between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. (“Cantor”), Cantor Fitzgerald Canada Corporation (“Cantor Canada”), Virtu Americas LLC (“Virtu”), Virtu Canada Corp. (“Virtu Canada”), BMO Capital Markets Corp. (“BMO”), BMO Nesbitt Burns Inc. (“BMO Canada”), Canaccord Genuity LLC (“Canaccord” and, together with Cantor, Virtu and BMO, the “U.S. Agents”) and Canaccord Genuity Corp. (“Canaccord Canada” and, together with Cantor Canada, Virtu Canada and BMO Canada, the “Canadian Agents” and, together with the U.S. Agents, the “Agents”). The Sales Agreement is available on EDGAR at the United States Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov and the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.

    Sales of Units through the Agents, acting as agent, will be made through “at the market” issuances on the NYSE Arca (“NYSE”) and the Toronto Stock Exchange (“TSX”) or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. None of the U.S. Agents are registered as dealers in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agents may only sell Units on marketplaces in Canada.

    The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust’s sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical silver bullion in accordance with the Trust’s objective and subject to the Trust’s investment and operating restrictions.

    The offering under the ATM Program is being made pursuant to a prospectus supplement dated May 2, 2025 (the “U.S. Prospectus Supplement”) to the Trust’s U.S. base prospectus (the “U.S. Base Prospectus”) included in its registration statement on Form F-10 (the “Registration Statement”) (File No. 333-286897) filed with the SEC on May 2, 2025, and pursuant to a prospectus supplement dated May 2, 2025 (the “Prospectus Supplement”) to the Trust’s Canadian short form base shelf prospectus dated May 1, 2025 (the “Base Shelf Prospectus” and together with the Prospectus Supplement, the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the “Offering Documents”). The U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC’s website at www.sec.gov, and the Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.

    Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the Sales Agreement and the ATM Program.

    Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX has been approved by the NYSE and the TSX, as applicable, subject to all applicable listing requirements.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

    About Sprott and Sprott Asset Management
    Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, we are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the NYSE and the TSX under the symbol “SII”.

    About the Trust
    Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust’s annual information form for the year ended December 31, 2024 (the “AIF”). Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.

    Caution Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements in this press release include, without limitation, investor demands for Units, statements regarding the ATM Program, including the intended use of proceeds from the sale of Units, any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with a sale of Units. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, the silver market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, as updated by the Trust’s continuous disclosure filings, which are available at www.sec.gov and www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

    For more information:

    Glen Williams
    Managing Director
    Investor and Institutional Client Relations
    Direct: 416-943-4394
    gwilliams@sprott.com

    The MIL Network

  • MIL-OSI: Konik Capital Partners, LLC, a division of T.R. Winston & Co., Announces Official Launch

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — Konik Capital Partners, LLC, a division of T.R. Winston & Co., a full-service boutique investment banking firm, is proud to announce its official launch. The firm, founded by Capital Markets veteran Ryan Konik, will take its relationship-first approach to financial advisory services, prioritizing clients’ needs and goals, while providing transparent, personalized guidance throughout the entire process. This commitment to putting clients first, always, forms the foundation of every client relationship and transaction.

    “Konik Capital Partners was founded to address a structural inefficiency in today’s capital markets: the persistent undercapitalization of early-stage science and technology companies. Despite their potential to reshape entire industries, these innovators are often overlooked. Our mission is to correct this imbalance by providing the capital and partnership needed to help them reach critical inflection points. In doing so, we create value for our clients as well as contribute to the growth of the broader innovation ecosystem,” said Alden Carrere, Co-Founder & Partner, Konik Capital Partners.

    With over 75 years of combined experience in Equity Capital Markets and institutional sales, Konik Capital Partners is exceptionally equipped to deliver comprehensive strategic financial advisory services to emerging growth businesses and their investors globally. The firm leverages its deep-rooted relationships with institutional investors and intimate understanding of capital markets to provide highly tailored solutions across underwriting, advisory, and trading.

    “We are uniquely positioned to provide value-added, long-term capital markets partnerships to life sciences, technology, and other emerging growth companies, addressing a need in today’s market,” said Ryan Konik, Founder of Konik Capital Partners.

    About Konik Capital Partners
    Konik Capital Partners is a boutique investment bank delivering strategic and financial advisory services to emerging growth businesses and their investors. With over 75 years of combined industry experience, we leverage our deep market knowledge with personalized attention to provide comprehensive solutions for our clients’ needs. Globally, we deliver end-to-end strategic, financial advisory, and capital markets services. Our distinctive approach and commitment to excellence drive client success in today’s dynamic market environment.

    About T.R. Winston & Co.
    T.R. Winston & Company is a merchant, corporate and investment banking firm. We commit to long-term relationship banking based on value creation, integrity and measurable performance. We work with operating companies, institutional investors, family offices, and ultra-high net worth individuals. We seek to partner with management teams who are pursuing sound business models with the potential for growth. In addition to our merchant, corporate and investment banking activities, we maintain prime services and institutional trading capabilities.

    Contact
    7 World Trade Center,
    46th Floor, New York, NY
    646-993-2208 | info@konikcapitalpartners.com | https://www.konikcapitalpartners.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86547eab-3282-4d75-b782-d316757bcc46

    The MIL Network

  • MIL-OSI New Zealand: Awards – Wellington Tradesperson Wins Prestigious James Douglas Medallion at the 2025 New Zealand Plumbing Awards

    Source: Master Plumbers Gasfitters and Drainlayers

    Wellington Plumber, Gasfitter and Drainlayer Andrew Smith has been awarded the prestigious James Douglas Medallion at the 2025 New Zealand Plumbing Awards in Brisbane, recognising his exceptional commitment, technical excellence, and leadership within the industry.
    Employed by E.G. Glennie & Co, Andrew has demonstrated an outstanding combination of practical skill, technical aptitude, and professionalism since joining the company. According to his nominators, company owners Mike Gooch and Gordon Diggle, Andrew’s natural talent for the trades has been matched by his drive to continually broaden his knowledge and leadership abilities.
    “Andrew has become a true all-rounder at E.G. Glennie & Co,” said Mike Gooch. “From tackling technical problem-solving and calculations to working on the tools, he approaches every task with diligence and enthusiasm. His leadership, work ethic, and thirst for improvement set him apart.”
    Andrew’s progression within the company has seen him rise to lead projects, price jobs, liaise with clients, and mentor fellow team members. His systematic approach to his work and tenacious attitude have resulted in him passing both his Tradesman and Certifying exams with flying colours.
    “Andrew’s willingness to tackle any job – whether it’s designing an installation or unblocking a drain – shows his commitment to both the craft and our clients,” added Gordon Diggle. “He is an integral part of our succession plan and a key leader within our 10-person team.”
    Praised for his polite, professional manner and technical expertise, Andrew has a passion for new ideas and technology, particularly in areas such as gas servicing, solar water heating, and problem-solving for complex installations. His initiative in seeking out knowledge and going the extra mile for clients and colleagues alike has earned him widespread respect within the company.
    The James Douglas Medallion is one of the highest honours in New Zealand’s plumbing industry, awarded annually since 1948 to recognise outstanding recently qualified tradespersons. As the 2025 recipient, Andrew receives a $500 cash prize and a Career Development Scholarship valued at $2,500 from Skills Group, aimed at further supporting his professional growth. 
    Master Plumbers, Gasfitters and Drainlayers NZ Inc (Master Plumbers) is the national membership organisation for plumbing, gasfitting and drainlaying businesses, with 18 regional Associations and Branches across New Zealand. Companies go through a Quality Assurance programme in order to become a member. We provide members with a wide range of resources and training opportunities to support them in staying up with the latest technologies, products and compliance requirements. We advocate on behalf of our members and our industry.
    About Masterlink:
    Masterlink, a group training scheme owned by Master Plumbers, provides managed mentored apprenticeships across New Zealand, with Regional Managers supporting the apprentices and the businesses who host them during their training.
    About NZ Plumber:
    NZ Plumber is the award-winning, bi-monthly magazine for New Zealand’s plumbers, gasfitters and drainlayers. It is owned by Master Plumbers.

    MIL OSI New Zealand News

  • MIL-OSI: Maris-Tech Expands European Reach with New Distribution Agreement in Poland

    Source: GlobeNewswire (MIL-OSI)

    Collaboration with Armit Addresses Growing Demand for Defense Video & AI Solutions

    Rehovot, Israel, May 02, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)- based edge computing technology, today announced that it has entered into a new distribution agreement with Armit Sp. z o.o. (“Armit”), a leading Polish defense solutions provider. The collaboration represents a key step in Maris-Tech’s European growth strategy, which is to expand access to its advanced video streaming, AI, and situational awareness platforms in one of Europe’s most strategically important defense markets.

    Founded in 2015 and headquartered in Warsaw, Poland, Armit specializes in defense system integration, communications infrastructure, and electronic components and serves as a trusted partner to Poland’s armed forces and security agencies. Pursuant to the agreement, Armit will distribute Maris-Tech’s suite of ruggedized video processing and intelligence platforms, including products designed for armored vehicles, drones, naval systems, and mobile tactical units.

    This announcement follows Maris-Tech’s broader strategy to expand its global distribution network, bringing real-time video intelligence and AI-driven situational awareness to more defense customers across Europe and beyond.

    “We’re excited to collaborate with Armit as part of our European expansion,” said Israel Bar, Chief Executive Officer of Maris-Tech. “Armit is an ideal collaborator to help us grow our footprint in this market, enabling a larger customer base to benefit from our innovative AI and video solutions.”

    “At Armit, we pride ourselves on offering the best technology to our customers. We are proud to collaborate with Maris-Tech and look forward to introducing their innovative video and AI edge computing solutions to the Polish market,” said Mr. Dariusz Sobczak, President of Armit.

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing the Company’s European growth strategy, the Company’s broader strategy to expand its global distribution network, that Armit is an ideal collaborator to help the Company grow its footprint in the market, enabling a larger customer base to benefit from its innovative AI and video solutions and introduction of the Company’s innovative video and AI edge computing solutions to the Polish market . The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network

  • MIL-OSI United Kingdom: Business review on US tariffs has concluded

    Source: United Kingdom – Executive Government & Departments

    News story

    Business review on US tariffs has concluded

    Government statement on conclusion of US tariff review

    The process seeking views from businesses and interested stakeholders to shape any future UK action on tariffs has now concluded. 

    The four-week Request for Input launched on Wednesday 3 April in response to the US imposing tariffs on a range of products and has received over 200 responses. Work to analyse those responses begins while keeping all options on the table. 

    The Government will now rapidly analyse the comments and data which scope out the impacts of possible UK tariffs, as well as views on a range of products that could be included in any UK’s response. 

    Negotiations on an economic prosperity deal with the US to remove existing and future tariffs continue at pace and remain our focus. 

    Business and Trade Secretary Jonathan Reynolds said: 

    We are now in a new era for trade and the economy, and that means going further and faster to strengthen the UK’s economy. 

    All options remain on the table and any future UK action will be made in the national interest – and that is exactly why this engagement was so important.  

    Our approach so far has been guided by the interests of British business and their voice will continue to be at the heart of our decisions. 

    While we analyse responses, this Government’s priority will be to build on the strength of our relationship with the US and continue talks to find a resolution for UK businesses.

    Updates to this page

    Published 2 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: No Mow May | Westminster City Council

    Source: City of Westminster

    We’re once again taking part in PlantLife’s campaign ‘No Mow May’ to support biodiversity in Westminster. 

    Throughout spring, some of our parks, greenspaces and our housing estates will not be mowed throughout April, May and June providing a space for nature to thrive.

    A healthy lawn with some long grass and wildflowers benefits wildlife. The wildflowers provide a vital food source for bees and butterflies. With their numbers in decline, they need all the help they can get.

    Join us by locking up your lawnmowers and let the wildflowers in your lawn bloom.

    Why are we doing this

    Since the 1930s the UK has lost more than 97 per cent of its wildflower meadows which are vital for food pollinators like butterflies and bees.

    By not mowing grass on our housing estates and a selection of parks during May, the council will allow plant life to grow during this crucial period to feed pollinators throughout the summer months.

    Westminster Green spaces

    Despite Westminster’s location at the heart of London, the city boasts diverse wildlife and a wealth of open spaces. Around 25 per cent of Westminster is made up of parks and green spaces and the city has 33 Sites of Importance for Nature Conservation (SINCs). There are over 600 different kinds of flora and fauna recorded in Westminster.

    St John’s Wood Church Gardens even has a formal designation as a Local Nature Reserve under the National Parks and Access to the Countryside Act of 1949.

    A balance between recreation and nature

    We recognise that our parks serve as gardens, football pitches and picnic spots, for the people who visit and live near them. We are being careful to leave space for people to enjoy our parks, by creating a balance between park users needs and doing what we can to create more space for wildlife, biodiversity and nature to bloom.

    The parks and greenspaces taking part in ‘No Mow May’ this year include:

    No Mow May South Sites

    • Ministry of Defence: all the sections along the wall
    • St Georges Square: bottom area next to the dog section
    • Berkeley Square: sections of the square
    • Victoria Tower Gardens: south section opposite Security Services (MI5)
    • Upper Grosvenor Gardens: lawn area around statue in the middle
    • Cavendish Square: one panel opposite Q Park
    • Hyde Park Corner: the bank at the end of Piccadilly

    No Mow May North Sites

    • Westbourne Green Open Space: the lawn along the section of Harrow Road
    • Paddington Green: two main lawns
    • St Johns Wood Gardens: picnic lawn, edges under all trees and around the main lawn 
    • Sussex Gardens: lawn opposite the wildflower meadows and lawn on the East side
    • Queens Park: sections of the Mound, Rose garden, area by the gym equipment and by the round bed at the end
    • Edbrooke Gardens: roadside strips of long grass and by the shrub beds and hedges
    • Tamplin News: bank by the playground, strip on the south side, by the Thames Water hut and a hedge by the North side

    Please note we will stop cutting the grass in these areas two weeks before the end of April.

    Notices will also be put up explaining No Mow May.

    Paddington Recreation Ground will also be participating in No Mow May but only for the month of May

    All our housing estates are participating this year.

    If you have a garden or community greenspace and would like to also participate in No Mow May, visit the Plantlife website.

    MIL OSI United Kingdom

  • MIL-OSI Economics: Richard Doornbosch: Sustainable tourism development in Curaçao – a balanced approach

    Source: Bank for International Settlements

    Presentation accompanying the speech 

    Introduction

    Good morning, ladies and gentlemen. It is a pleasure to speak to you at today’s CHATA Membership Meeting on a topic that is crucial to the future of our beautiful island: tourism development in Curaçao. This future encompasses not only the economic prospects of our country, but also our social well-being and environmental sustainability.

    In recent years, particularly following the COVID-19 pandemic, Curaçao has witnessed remarkable growth in its tourism sector. The island has successfully strengthened its appeal in both stay-over and cruise tourism. Today, tourist arrivals are at record highs, and the sector has firmly established itself as the leading driver of economic growth in Curaçao. According to estimates by the CBCS, tourism now contributes more than 23% to Curaçao’s GDP, representing approximately Cg. 1.4 billion. This figure includes also positive spillover effects to other sectors of the economy, such as transportation, real estate, and construction. This growth is particularly striking given that, until the mid-2000s, tourism accounted for only around 8% of GDP.

    Additionally, foreign exchange earnings from travel now represent approximately 50% of Curaçao’s total foreign exchange earnings from the export of goods and services. This excludes foreign exchange revenues from tourism-related sectors such as the transportation and rental services. Moreover, the tourism sector provides a significant number of both direct and indirect jobs for the people of Curaçao.


    With several ongoing and planned private investments, particularly in accommodation, the island’s capacity to host more visitors is expected to increase substantially in the coming years. However, the key question is how we can manage this growth while minimizing potential social and environmental costs. Today, I would like to outline an approach to achieving sustainable tourism development. Without such an approach, we risk locking ourselves into a mass tourism model with high long-term costs – costs that could take decades to reverse.

    Growth seen from a different perspective


    Before delving into this approach, allow me to provide a comparison of stay-over and cruise tourism development in Curaçao relative to Aruba and Sint Maarten. Since the 1980s, Aruba and Sint Maarten have experienced more rapid tourism growth than Curaçao. As a result, Curaçao lags behind both destinations in terms of tourism maturity. Aruba, with its well-established brand, consistently attracts high volumes of American tourists. Meanwhile, Sint Maarten continues to demonstrate resilience and adaptability despite facing natural setbacks. However, over the past 15 years, Curaçao has been narrowing the performance gap with its regional peers. Since 2016, it has even surpassed Sint Maarten in terms of stay-over visitor numbers. Aruba, however, still receives higher volumes of stay-over tourists than Curaçao.

    As for cruise tourism, up until the pandemic in 2020, Sint Maarten consistently outperformed both Curaçao and Aruba. In contrast, cruise tourism trends in the latter two countries have generally moved in tandem and on a comparable scale.


    Now, let us assess tourism development in the three countries from a different perspective by focusing on the visitor-to-resident ratio. This ratio is defined as the number of visitors, both stay-over and cruise together, divided by the total population. It may serve as an indicator of the pressure exerted on the environmental and social resources of a destination and its population.

    Although a cross-country comparison of the visitor-to-resident ratio should be interpreted with caution due to country-specific idiosyncrasies such as variations in tourism infrastructure and environmental considerations, this graph shows that the visitor-to-resident ratio in Sint Maarten has consistently remained higher than those of Aruba and Curaçao’s. In 2023, for example, Sint Maarten welcomed approximately 41 visitors for every resident. This ratio was 19 for Aruba and 8 for Curaçao. This disparity is related to Sint Maarten’s significantly larger cruise tourism sector. In fact, Curaçaos visitor-to-resident ratio consistently ranks the lowest among the three countries, indicating a younger stage of tourism maturity.


    Given the rapid growth in tourism that Curaçao has experienced over the past years, let us perform a back-of-the envelope calculation to project the potential development of our visitor-to-resident ratio. Assuming the total number of visitors increases by 8% annually over the next five years, while our population grows by an average of 0.1% per year, which aligns with the average population growth observed over the past decade, all other factors remaining equal, the visitor-to-resident ratio would reach 16 by 2030. The assumed 8% annual increase in the total number of visitors is based on the forecast for 2025 and 2026 outlined in Curaçao’s Strategic Tourism Destination Development Plan. As illustrated in the graph, the calculation suggests that the potential pressure on environmental and social resources could double compared to what we are experiencing at this moment.

    The Double-Edged Nature of Tourism Growth


    While tourism expansion undoubtedly presents significant opportunities in terms of value added, employment, and foreign exchange earnings, it also carries hidden costs and risks, that, if ignored, could threaten Curaçao’s long-term economic stability and quality of life.

    Rapid and uncontrolled tourism growth can impose substantial social costs. Uncontrolled expansion often leads to overcrowding, especially in peak seasons. For instance, the inner-city areas of Punda and Otrobanda become particularly congested on days when the harbor is filled with cruise ships. Beaches also become overcrowded with visitors, which not only affects residents’ quality of life but also diminishes visitors’ experience.

    In addition, a significant rise in tourist arrivals can lead to an increased cost of living. Currently, various construction projects of new hotels and residential buildings intended for Airbnb or tourist rentals are underway. As a result, housing prices have risen significantly over the last few years, making it difficult for locals to find affordable housing and thereby reducing their quality of life.

    Moreover, intensified tourism activity can escalate environmental degradation through increased pollution and loss of biodiversity, potentially diminishing the overall visitor experience in the long run. Curaçao’s unique ecosystems, coral reefs, and pristine beaches -its main attractions- are vulnerable assets that require vigilant stewardship to ensure they are not adversely affected by large scale tourism.

    Strong tourism growth can also put severe pressure on Curaçao’s public infrastructure. Already, increased road congestion is observable, particularly on the Caracasbaaiweg, a situation that will likely worsen with more stay-over arrivals. In addition, more visitors pose challenges for the provision of public goods such as sanitation and waste management, as well as utilities such as electricity production. Furthermore, capacity constraints at Curaçao International Airport could emerge as a bottleneck, limiting potential growth and reducing the overall attractiveness of Curaçao as a travel destination.

    People, profit and planet as principles for sustainable tourism development

    Recognizing both the opportunities and potential costs of tourism development, Curaçao stands at a pivotal crossroads. Instead of focusing on a mass tourism model, we must embrace a balanced approach to ensure that tourism contributes sustainably to our economic prosperity, environmental stewardship, and social well-being.

    Central to this strategy must be the clear identification of the type of tourists Curaçao seeks to attract. Sustainable tourism development should aim to welcome travelers who provide higher economic returns while imposing fewer social and environmental burdens. Attracting high-yield, low-impact visitors – those interested in immersive cultural experiences, culinary excellence, sustainable adventure tourism, or niche markets such as eco-tourism – will ensure more robust economic benefits for Curaçao. The focus should not be on volume but on value.


    The following graph compares the Average Daily Rate (ADR) of Curaçao with those of other Caribbean countries in 2023. ADR is a key performance indicator that reflects the average revenue earned per occupied room over a specific period. The fact that Curaçao ranks at the lower end of the selected Caribbean countries, with an ADR of USD224.67, implies that there is potential to increase the value that we derive from our tourism product.


    A robust and holistic framework for sustainable tourism development should be encapsulated by the “People, Profit, Planet” principle, emphasizing the balanced and interconnected approach needed for sustainable development.


    Let us first start with the first principle, ‘People’. Tourism must benefit the local population of Curaçao, enhancing their quality of life and providing ample opportunities for participation and growth. Equitable benefit-sharing through employment opportunities, training programs, and empowerment initiatives, including entrepreneurial skills, ensures that the community remains central to tourism development. In addition, actively engaging residents in decision-making processes helps ensure that tourism development aligns with local values and cultural heritage.

    The second principle is ‘Profit’, which focuses on economic sustainability. Curaçao’s tourism industry must continuously strive for economic viability, ensuring profitability for businesses, employment opportunities for locals, and tax revenues for the government. Emphasizing quality tourism experiences over quantity will encourage higher spending, extended visitor stays, and repeated visits, thus increasing overall economic sustainability.

    The final principle, ‘Planet’, emphasizes the critical importance of protecting Curaçao’s natural environment. Sustainable tourism development must prioritize minimizing ecological footprints through responsible practices, such as reduced waste generation, energy and water conservation, and biodiversity protection. Sustainable management of our natural resources should safeguard the unique beauty and biodiversity of Curaçao for future generations and maintain the island’s long-term attractiveness as a tourism destination.

    By harmonizing these three principles – People, Profit, and Planet – Curaçao can ensure a resilient and sustainable tourism sector that benefits all stakeholders equitably while safeguarding the island’s natural and cultural heritage.

    Understanding Tourism Carrying Capacity: Four Key Dimensions


    Assessing and respecting the tourism carrying capacity should also be an integral component of the sustainable tourism development framework. The United Nations World Tourism Organization (UNWTO) defines tourism carrying capacity as “the maximum number of people that may visit a tourist destination at the same time, without causing destruction of the physical, economic and sociocultural environment and an unacceptable decrease in the quality of visitors’ satisfaction”. Carrying capacity is a multi-dimensional concept and must be understood across four dimensions.

    The first dimension, economic carrying capacity, considers the ability of the economy to absorb and benefit from tourism without generating inflation, wage disparities, or unsustainable price increases in housing and basic goods. It evaluates whether tourism revenues are widely distributed or concentrated among a few sectors, and whether the benefits outweigh the potential displacement of local industries.

    The second dimension is the environmental carrying capacity. This dimension addresses the physical limits of Curaçao’s ecosystems to accommodate tourism. It focuses on the impact of tourism on coral reefs, beaches, water resources, waste generation, and biodiversity. Monitoring visitor volumes in environmentally sensitive areas and applying zoning, restoration, and eco-certification measures are key to staying within safe environmental limits.

    Meanwhile, the social carrying capacity reflects the ability of local communities to absorb tourism development without experiencing a decline in social cohesion, cultural integrity, or quality of life. It includes public attitudes toward tourism, perceived fairness in benefit-sharing, and tolerance for changes to local customs, space, and lifestyles.

    And finally, the fourth dimension, governance, plays a critical role in managing tourism sustainably. It includes the capacity of public institutions to plan, regulate, and monitor tourism development effectively. It also involves legal frameworks, inter-agency coordination, stakeholder engagement, data collection systems, and transparency mechanisms that ensure tourism growth aligns with public policy goals.

    By assessing and managing tourism within these four dimensions, Curaçao can avoid the risks of over-tourism and ensure that the island remains a vibrant, welcoming, and sustainable destination. In this regard, it is a positive development that Curaçao is proactively conducting a Destination Carrying Capacity Study to evaluate the economic, environmental and social impacts of strong tourism development.

    The next step in this approach would be to identify a long-term vision focused on quality, authenticity and environmental responsibility. This vision should be commonly shared by all key tourism stakeholders. Next, growth scenarios should be defined that set clear targets for, among other things, tourist arrivals, employment and reductions in ecological footprints – aligned with the island’s carrying capacity. In addition, the necessary investments in areas such as infrastructure, human capital and green innovation should be identified, along with relevant policy reforms, to strengthen the island’s carrying capacity and achieve the outlined long-term vision. Ultimately, all initiatives must align with the principles of People, Profit, and Planet to ensure economic viability, social inclusivity, and ecological integrity.

    Social cost-benefit analysis to effectively manage sustainable tourism development

    To effectively manage sustainable tourism development and prioritize tourism projects, the framework should include rigorous social cost-benefit analyses, particularly in the case of major tourism investment projects and public tourism-related infrastructure projects. These analyses extend beyond traditional economic evaluation and incorporate broader social and environmental dimensions that are critical for informed decision-making.

    Social cost-benefit analyses for tourism projects not only assess the direct economic contribution in terms of employment and tax revenues, but also the social impact of such projects, including their effect on community well-being, housing affordability, public infrastructure pressures and local quality of life in general. Also, these analyses assess the environmental impact of tourism projects such as ecological footprints, resource depletion and pollution levels.

    One benefit of conducting social cost-benefit analyses is that they enable policymakers and stakeholders to explicitly evaluate both the positive and negative impacts of tourism development projects with a focus on society as a whole rather than only short-term financial gains. In addition, these analyses allow for the prioritization of tourism projects that provide genuine, sustainable benefits while minimizing negative externalities.

    Conducing social cost-benefit analyses is a complex, multi-dimensional exercise that demands technical expertise across several areas and extensive data. It is important that Curacao develops its own expertise in this area and focuses on having up to date economic, tourism, social and environmental data. This also requires cooperation and collaboration between public and private stakeholders.

    Conclusion


    Ladies and gentlemen, Curaçao has been experiencing robust growth in its tourism industry, becoming the main pillar of our economy. While this growth brings immediate economic benefits, it is crucial that we also focus on long-term development strategies that encompass economic progress, social well-being and environmental sustainability. By acknowledging and addressing the potential costs associated with tourism development we can implement measures to mitigate these challenges effectively.

    Today, I have outlined a balanced approach for sustainable tourism development centered around the principles of people, profit, and planet. In this regard, it is crucial that Curaçao continues advancing the initiatives outlined in its Strategic Tourism Development Destination Plan while also developing a comprehensive long-term strategy for sustainable tourism development that incorporates the concept of carrying capacity. Through a participatory process we must define acceptable levels of the economic, social and environmental impact of tourism on Curacao. Curacao is a unique tourist destination with potential to contribute even more significantly to Curacao’s economy. However, it is crucial that we also prioritize sustainability by steering away from mass tourism and focusing more on value rather than on volume. Sustainable tourism development can serve as a catalyst for economic prosperity, and social wellbeing while ensuring environmental preservation. By embracing this balanced approach, we can secure a thriving future for Curaçao that honors our heritage while safeguarding our natural resources for the generations to come.


    Thank you for your time and attention.

    MIL OSI Economics

  • MIL-OSI China: Xi’s diplomacy injects certainty, stability into turbulent world

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

    BEIJING, May 2 — Chinese President Xi Jinping has engaged in extensive diplomatic efforts both at home and abroad this spring, cementing a closer bond with neighboring countries, advocating unity and cooperation, and injecting certainty and stability into a turbulent world.

    CLOSER BOND WITH NEIGHBORING COUNTRIES

    In a world grappling with growing uncertainty and instability fueled by protectionism and unilateralism, China has reaffirmed the continuity and stability of its neighborhood diplomacy and its vision for lasting peace and shared development in Asia.

    The first major international event that China hosted in 2025 is the 9th Asian Winter Games from Feb. 7 to 14 in the city of Harbin, capital of northeast China’s Heilongjiang Province. It brought together leaders from many of China’s neighboring countries, including Brunei, Kyrgyzstan, Pakistan, Thailand and the Republic of Korea.

    At a banquet hosted by Xi and his wife, Peng Liyuan, ahead of the opening ceremony of the games, the Chinese leader called on Asia to uphold the common dream of peace and harmony, jointly respond to all sorts of security challenges, and contribute to building an equal and orderly multipolar world.

    Xi’s Southeast Asia visit, his first overseas trip this year, highlighted China’s dedication to deepening traditional ties, expanding practical cooperation, and advancing its vision of building a community with a shared future with its neighbors.

    From April 14 to 18, Xi paid state visits to Vietnam, Malaysia and Cambodia. China signed a record 108 cooperation documents with the three countries in total, which span a wide range of fields, from infrastructure to digital and green economy. A focal point of the tour was high-quality Belt and Road cooperation with the aim of enhancing regional connectivity and creating development opportunities.

    The trip came after a central conference on work related to neighboring countries held in Beijing from April 8 to 9. At the conference, Xi called for building a community with a shared future with neighboring countries and striving to open new ground for the country’s neighborhood work.

    The conference noted China’s relations with its neighboring countries are currently at their best in modern times, and are also entering a critical phase where regional dynamics and global transformations are deeply intertwined.

    A flurry of diplomatic activities show how China, a major country, gets along with its neighbors, international observers said.

    In his talks with Sri Lankan President Anura Kumara Dissanayake on Jan. 15, Xi said China will continue to support Sri Lanka in maintaining its national independence, sovereignty and territorial integrity.

    Extending condolences to Myanmar leader over the massive earthquake in late March, Xi said China is ready to provide assistance, and support efforts to overcome the disaster and rebuild homes at an early date.

    INJECTING CERTAINTY INTO WORLD

    Amid the international trade chaos caused by the so-called “reciprocal tariffs” of the United States, China has taken swift and firm countermeasures not only to safeguard its own legitimate rights and interests, but also to protect the common interests of the international community and defend international fairness and justice.

    On April 11, Xi had a three-hour-long meeting with Spanish Prime Minister Pedro Sanchez, who made his third trip to China in three years. Xi called on China and the EU to fulfill their international responsibilities, work together to safeguard economic globalization and the international trade environment, and jointly reject unilateral and bullying actions.

    Noting that China is an important partner of the EU, Sanchez said Spain always supports the stable development of EU-China relations. Facing the complex and challenging international situation, Spain and the EU are willing to strengthen communication and coordination with China to maintain the international trade order, he said.

    Malaysia is ASEAN chair and the Country Coordinator for ASEAN-China Dialogue Relations for 2025. On April 16, during a meeting with the visiting Chinese president, Malaysian Prime Minister Anwar Ibrahim said facing the rise of unilateralism, Malaysia is willing to strengthen cooperation with China to jointly address risks and challenges, noting that ASEAN will not endorse any unilaterally imposed tariffs, and will promote collective advancement through cooperation to maintain economic growth.

    On April 24, Xi held talks with Kenyan President William Ruto in Beijing, saying the fundamental purpose of China-Africa cooperation for win-win results and common development will not change, which is a welcome policy statement from a major country in a world full of uncertainty.

    Trade wars undermine the existing international rules and order, and Kenya appreciates China’s role as a stabilizer in the current volatile situation, Ruto said.

    After the talks, the two heads of state witnessed the signing of 20 cooperation documents in areas such as the Belt and Road Initiative, new and high technology, people-to-people and cultural exchanges, economy and trade, and media.

    As certainty and stability increasingly become scarce globally, not only political leaders but also business community turn to China for certainty and stability.

    On March 28, Xi met with more than 40 global chairmen and chief executive officers of foreign businesses as well as representatives of business councils, including leaders from FedEx Corporation, Mercedes-Benz Group AG, Sanofi SA, HSBC Holdings Plc, Hitachi Ltd., SK Hynix Inc and Saudi Aramco.

    A key message Xi sent is that China has been and will remain an ideal, secure, and promising destination for foreign investors, and that investing in China is investing in the future. He pointed out that China offers a vast stage for business development, vast market prospects, stable policy outlook, and a secure environment, making it a favored choice for foreign investment and business operations.

    Having the world’s second-largest consumer market and largest middle-income group, China offers great potential for investment and consumption. China is now a major trading partner with more than 150 countries and regions. China continues to build up industrial strength and foster institutional opening-up, drawing influential foreign investors such as tech giants and automakers into the world’s second-largest economy.

    Aramco is currently investing in projects in China that have a collective and total value of over 240 billion yuan, covering petrochemical projects and equity acquisition deals. Amin H. Nasser, president and CEO of the company, said: “China is becoming an oasis of certainty in an increasingly unpredictable global environment.”

    CALLING FOR SOLIDARITY

    This year marks the 80th anniversary of the victory of the World Anti-Fascist War and the founding of the United Nations. In response to the provocative actions of certain nations inciting great power strategic competition, China emphasizes the roles of major countries, the Global South and the UN in global peace and development.

    Xi talked with Russian President Vladimir Putin via video meeting on Jan. 21 and held a phone conversation with him on Feb. 24, conducting in-depth strategic communication on major international and regional issues and steering China-Russia relations at a critical moment.

    Despite changes in the international situation, China-Russia relations will proceed with ease, which will help each other’s development and revitalization, and inject stability and positive energy into international relations, Xi said.

    To develop relations with China is a strategic choice made by Russia with a long-term perspective, rather than an expedient measure, Putin told Xi, adding that the strategy is not subject to any temporary trend or external interference.

    In his phone conversation with European Council President Antonio Costa on Jan. 14, Xi said there exists no clash of fundamental interests or geopolitical conflicts between China and the EU, making them partners that can contribute to each other’s success.

    Both the EU and China respect the principles of the UN Charter, uphold multilateralism, safeguard free trade, and oppose bloc confrontation, and they should cooperate rather than compete, Costa said, adding that in this era full of challenges, the world needs closer EU-China cooperation to tackle global challenges such as climate change, and to contribute to world peace, stability and development.

    Global South is also a priority in Xi’s diplomatic agenda.

    On April 29, Xi visited the New Development Bank in Shanghai and met with Dilma Rousseff, president of the institution, calling the bank “a pioneering initiative for the unity and self-improvement of the Global South” and noting that the Global South countries have risen collectively into an important force in maintaining world peace, promoting common development and improving global governance.

    His other interactions on the Global South include sending congratulations respectively to the 38th African Union Summit and the 9th summit of the Community of Latin American and Caribbean States (CELAC), having in-depth exchanges on regional cooperation with leader of Malaysia, and hosting leaders of Grenada, Sri Lanka, Bangladesh, Azerbaijan and Kenya.

    As the rotating chair of the Shanghai Cooperation Organization (SCO), China will host an SCO summit this autumn in the northern city of Tianjin. China will also host the fourth ministerial meeting of the China-CELAC Forum in Beijing.

    Xi delivered a speech via video link at the Leaders Meeting on Climate and the Just Transition on April 23. Calling for adherence to multilateralism, Xi said that all countries should firmly safeguard the UN-centered international system and the international order underpinned by international law, and firmly safeguard international fairness and justice.

    “However the world may change, China will not slow down its climate actions, will not reduce its support for international cooperation, and will not cease its efforts to build a community with a shared future for mankind,” Xi said.

    “In these trying times, the world yearns for steadiness, reliability and purpose. We see this in China’s conduct,” said Malaysian Prime Minister Anwar Ibrahim. “Amid this turbulence, China has been a rational, strong and reliable partner. Malaysia values this consistency,” he said.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Economy grows 3.1% in Q1

    Source: Hong Kong Information Services

    Hong Kong’s economy in the first quarter increased 3.1% year-on-year, picking up from the 2.5% growth in the preceding quarter.

    The Census & Statistics Department announced the figures today as it released its advance estimates on gross domestic product (GDP) for the first quarter.

    According to the estimates, private consumption expenditure decreased 1.2% in real terms in the first quarter.

    Government consumption expenditure grew 1.2% year-on-year.

    Gross domestic fixed capital formation rose 2.8% year-on-year.

    Over the same period, total goods exports grew 8.7%, much faster than the increase of 1.3% in the fourth quarter of 2024. Imports of goods grew by 7.4%, higher than the increase of 0.4% in the preceding quarter.

    Compared with a year earlier, exports of services rose 6.6% in the first quarter, while imports of services went up 6.2%.

    Commenting on the figures, the Government said the Hong Kong economy expanded solidly in the first quarter.

    During the year, total exports of goods posted accelerated growth amid sustained external demand. Exports of services continued to expand, supported by the increase in visitor arrivals and other cross-boundary economic activities. Overall investment expenditure grew in tandem with the economic expansion.

    However, it noted that private consumption expenditure registered a small decline, reflecting the lingering impact of changes in residents’ consumption patterns.

    Looking ahead, as global trade tensions escalated abruptly in early April due to the significant increases in import tariffs imposed by the US, the downside risks surrounding the global economy have heightened visibly.

    The extremely high levels of trade policy uncertainty will dampen international trade flows and investment sentiment, which in turn overshadow the near-term outlook for the Hong Kong economy.

    Nonetheless, the sustained steady growth of the Mainland economy, together with the Government’s various measures to promote economic growth and expand into more diversified markets, will lend support to various economic activities in Hong Kong, it added.

    MIL OSI Asia Pacific News