NewzIntel.com

Category: Trade

  • MIL-OSI New Zealand: Cross-party delegation to visit Pacific

    Source: New Zealand Government

    A high-level delegation from across New Zealand’s Parliament will visit the Pacific over the coming week, led by Deputy Prime Minister Winston Peters.

    “New Zealand’s commitment to the Pacific is long-term and endures through successive governments and across the political spectrum,” Mr Peters says. “That’s why we are visiting the region with a senior delegation from across our Parliament to listen to our partners and learn more about the Pacific’s priorities.”     

    “The Pacific is grappling with a complex, challenging geostrategic and economic environment, and New Zealand is committed to doing its part to help,” Mr Peters says. 

    “New Zealand has deep connections in the Pacific, befitting our close historical, strategic, economic, and people-to-people links, and reflecting our place in the Pacific Islands Forum family. 

    “It is incumbent on us to regularly spend quality time in the Pacific to renew relationships and ensure that we are working with our partners towards mutually-beneficial cooperation. The upcoming Pacific tour is part of this ongoing process.”      

    Alongside Mr Peters, the delegation comprises: 

    • Pacific Peoples and Universities Minister, Dr Shane Reti;
    • Climate Change and Energy Minister, Simon Watts;
    • Courts Minister, Nicole McKee;
    • Deputy Leader of the Opposition and Vice Chair of the Commonwealth Parliamentary Association Executive Committee, Carmel Sepuloni;
    • Chair of the Foreign Affairs, Defence and Trade Committee, Tim van de Molen;
    • Assistant Speaker, Green Foreign Affairs Spokesperson, and Co-Chair of the NZ-Pacific Interparliamentary Friendship Group, Teanau Tuiono;
    • Co-Chair of the NZ-Pacific Interparliamentary Friendship Group, Jenny Salesa; and
    • Chair of the Transport and Infrastructure Committee, Andy Foster.   

    The delegation leaves New Zealand on Thursday (10 April), and includes time in Tonga, Hawai’i and Vanuatu. It returns to New Zealand on 17 April.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Release: David Parker to step down from Parliament

    Source: New Zealand Labour Party

    Long-serving Labour MP and former Minister David Parker has today announced his intention to leave Parliament.

    “It has been a privilege to be elected by the people of New Zealand to represent their interests in Parliament for the last 23 years,” David Parker said.

    “I have served to the best of my ability as Attorney General and Minister of Trade, Revenue, Economic Development, Associate Finance, Climate Change, Energy, Environment, State Services, Transport and Land Information.

    “In Opposition my roles have included Finance, Foreign Affairs, Treaty Settlements, Conservation and Deputy Leader.

    “I leave enthusiastic for New Zealand and for the New Zealand Labour Party. I want to thank my Parliamentary colleagues and wish them well for the hard work ahead.

    “I was a serial entrepreneur before coming to Parliament and have been an agent for change while here. I will return to the private sector and continue building a prosperous and egalitarian nation,” David Parker said. 

    David Parker will deliver a valedictory speech in early May. A date will be confirmed once agreed with the Business Committee.

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    MIL OSI New Zealand News –

  • MIL-OSI USA: Senators Hassan, Shaheen Speak Out Against Trump Administration’s Reckless Actions that Weaken Services for Veterans

    US Senate News:

    Source: United States Senator for New Hampshire Maggie Hassan
    MANCHESTER – U.S. Senators Maggie Hassan and Jeanne Shaheen spoke out this morning against the Trump Administration’s reckless actions to weaken services for America’s veterans. The Senators were joined by local veterans who get their care at the Manchester VA Medical Center, as well as representatives of employees at both the Manchester and White River Junction VA Medical Centers – the two VA facilities at which most New Hampshire veterans receive their care. 
    “Instead of supporting our veterans, the Trump Administration has issued orders that will hobble the VA’s ability to support those who have served by dismantling the Department’s workforce,” said Senator Hassan, a member of the Senate Veterans Affairs Committee. “It is deeply concerning that the Trump Administration would even consider trying to weaken the VA and drastically reduce the number of staff to serve veterans, let alone actually issue this chaotic and destructive order. America’s best deserve nothing less than our full commitment to their care.” 
    “America has a sacred bargain with our veterans: they served our nation, and we agreed to honor and care for them after their service,” said Senator Shaheen. “I was pleased to join folks today who are willing to speak out about the harm that will come if the Trump administration follows through with their plan to fire thousands of Veterans Affairs employees. Crippling the Department isn’t going to make services better, it’s going to make it harder for veterans to access the care they deserve.” 
    The Trump Administration plans to cut 80,000 staff from the VA – nearly one in five employees – who help veterans get care and benefits. The support staff that could be impacted include those who perform indispensable work such as answering phone lines to set appointments for veterans, ordering supplies that doctors and nurses use to provide care, and processing claims.  
    Senator Hassan helped develop and pass into law the PACT Act, which fundamentally reforms and improves the ways in which veterans exposed to toxic substances receive health care and benefits from the VA. To date, more than two million PACT Act-related claims have been filed and over 200,000 veterans have enrolled for VA health care under the PACT Act. In order to meet this intended increase in demand, the VA hired thousands of additional VA staff – staff that the Trump Administration now plans to fire. These planned cuts would undermine PACT Act-veterans’ ability to receive the timely care and benefits that they have earned and deserve. 
    Senator Shaheen has spearheaded efforts in the Senate to support veterans and military families. In the committee-passed (FY) 2025 National Defense Authorization Act (NDAA), Shaheen secured Granite State priorities, including expanding access to child care for military families, expanded efforts to research the health impacts of harmful forever chemicals and a 14.5% pay raise for junior enlisted (E1-E4) and a 4.5% pay raise for all other service members and civilians to ensure military families receive the pay and benefits they deserve. Each year, Shaheen leads a bipartisan Senate resolution to recognize an annual National Warrior Call Day, which encourages Americans to reach out and build meaningful relationships with both those currently serving and veterans. In 2023 and 2024, Shaheen pressed the VA and Federal Trade Commission to crack down on “claim sharks” who are unaccredited entities charging veterans exorbitant fees for filing disability claims. Shaheen has also worked to get the VA to address problems in the compensation and examination (C&P) process that are not serving our veterans. In 2022, Shaheen worked to include provisions and helped pass the historic PACT Act, which expanded health care for veterans who were exposed to burn pits and other toxic substances. 

    MIL OSI USA News –

  • MIL-OSI China: US slapping of ‘reciprocal tariffs’ deprives countries, especially Global South, of right to development: spokesperson

    Source: China State Council Information Office

    The unilateral imposition of “reciprocal tariffs” by the United States effectively deprives countries, particularly those in the Global South, of their right to development, and is certain to face widespread opposition from the international community, a Chinese foreign ministry spokesperson said on Monday.

    Recently, the United States has imposed tariffs on all its trading partners, affecting over 180 countries and regions worldwide, including some economies classified as the least developed countries by the United Nations. Analysts suggest that these high tariffs will deliver an unprecedented and severe impact on poor nations with simple economic structures and high dependency on exports.

    In response to a related query, spokesperson Lin Jian said at a daily news briefing that the United States, under the guise of “reciprocity,” acted in a manner that prioritizes its own interests at the expense of other nations’ legitimate benefits. This approach places “America First” above international rules, exemplifying unilateralism, protectionism, and economic bullying.

    Lin added that the Chinese government has issued its position on opposing U.S. abuse of tariffs, making clear its solemn attitude.

    Data analysis from the World Trade Organization indicates that, amid economic disparities and unequal power dynamics, U.S. tariff policies will exacerbate the wealth gap among nations, with less developed countries facing particularly severe repercussions. This trend poses a significant threat to the efforts intended to achieve the United Nations 2030 Agenda for Sustainable Development, Lin said.

    The United States’ imposition of differentiated tax rates violates the World Trade Organization’s principle of non-discrimination, severely undermining the normal international economic and trade order, as well as the security and stability of global industrial and supply chains, Lin said, adding that this action significantly damages the multilateral trading system, poses a severe threat to the global economic recovery process, and is bound to meet widespread opposition from the international community.

    Openness and cooperation are a historical trend, and mutual benefit and win-win outcomes are the aspirations of people. Development is a universal right of all countries, not the privilege of a few, said Lin.

    He emphasized that all countries should uphold the principle of extensive consultation, joint contribution and shared benefits, adhere to true multilateralism, jointly oppose all forms of unilateralism and protectionism, and uphold the international system with the United Nations at its core and the multilateral trading system with the World Trade Organization at its core. 

    MIL OSI China News –

  • MIL-OSI New Zealand: Brooke van Velden ramps up her war on working people

    Source: Council of Trade Unions – CTU

    The NZCTU Te Kauae Kaimahi is dismayed that Minister for Workplace Relations and Safety Brooke van Velden has launched another attack on workers’ rights by removing employment protections for workers when they start in a new role.

    These protections include being provided information about the role and function of unions and that, for the first 30 days, new employees must be employed on the same (or better) terms with any onsite collective agreement while they decide whether to join a union.

    “In yet another announcement from Brooke van Velden, workers’ rights are being eroded and unions undermined,” said NZCTU President Richard Wagstaff.

    “Currently workers in a new role have protection for 30 days, to weigh their options and settle in without being disadvantaged. The Minister clearly wants to disrupt this period and encourage employers to create division among workers – between those who have a union agreement and those who don’t.

    “Make no mistake, this is a deliberate attempt to undermine the role of unions in workplaces and prevent working people from securing good pay and conditions when they take on a job in a new workplace.

    “When workers start a new job, they are in a vulnerable position and can’t be expected to assert their rights in terms of trade union coverage.

    “The Minister has no experience of unions or collective bargaining, and she refuses to engage with unions to understand the issues. In less than two years in the role, she already has the worst record in the portfolio in decades.

    “Workers are sick and tired of this Government and their continued disdain for ordinary people who work hard every day to keep this country running.

    “Across the country workers are organising to stand together and fight back against this Government, which is actively hostile to their interests,” said Wagstaff. 

    MIL OSI New Zealand News –

  • MIL-OSI Economics: Southeast Asia Poised to Become a Global Hub for Sustainable Aviation Fuel

    Source: ASEAN

    JAKARTA, 8 April 2025 — Southeast Asia’s abundant agricultural feedstocks offer potential for the region to become a global hub for SAF, according to a joint Canadian-ASEAN research project.

    The “Promoting the Production of Sustainable Aviation Fuels (SAF) from Agricultural Waste in the ASEAN Region” project marks a significant step towards a more sustainable aviation future in Southeast Asia. It was carried out by the ASEAN Secretariat, GHD, Boeing, Canadian Trade and Investment Facility for Development (CTIF), funded by Global Affairs Canada (GAC), and implemented by Cowater International, the Institute of Public Administrators of Canada (IPAC).

    SAF is a renewable or waste-derived aviation fuel that meets sustainability criteria, reduces greenhouse gas emissions, and is compatible with existing aircraft and infrastructure, as a “drop-in” fuel.  Aviation engines can currently run on a mix of 50% SAF and 50% conventional aviation fuel, but the industry is working towards a 100% SAF mix. SAF lowers carbon emissions over the fuel’s life cycle by up to 80%, depending on the feedstock, with the potential to reduce even more in the future. SAF can be made from a wide variety of sources: cover crops and other nonedible plants, agricultural and forestry waste, non-recyclable municipal waste, industrial plant off-gassing and other feedstocks.

    As part of the project, a techno-economic assessment was conducted in Cambodia, Indonesia, Lao PDR, Malaysia, Philippines, Thailand, and Vietnam, focusing on feedstock availability, technology pathways, carbon intensity, logistics, environmental and social aspects, institutional frameworks, and financial assessment.

    With improvements in economic feasibility, SAF production in ASEAN could surpass regional demand, enabling exports both within and beyond ASEAN.

    The expansion of SAF feedstock supply is expected to stem from enhanced farming practices and large-scale biomass utilisation rather than land expansion. The report emphasised that mechanisation, improved irrigation, and R&D in crop optimisation could boost feedstock availability without increasing deforestation or land conversion.

    Beyond environmental benefits, the project highlighted SAF’s role in fostering gender equality and economic development. The SAF sector offers opportunities for job creation, upskilling, and workforce diversification, with a strong emphasis on inclusive participation of women and marginalised communities.

    Deputy Secretary-General for the ASEAN Economic Community, Satvinder Singh, commended the initiative, stating: “This initiative marks a significant step in advancing ASEAN’s commitment to sustainable aviation. By leveraging regional resources and innovation, we are not only addressing environmental challenges but also driving economic growth and enhancing energy security. The successful completion of this project underscores ASEAN’s capacity for effective collaboration in tackling climate challenges while creating new opportunities for our communities.”

    CTIF Project Manager Hendry Predy also commented on the initiative stating “CTIF technical assistance supported Southeast Asia countries with a project to improve the ability of the energy sector to assess the reliability of the upstream feedstock supply and the potential for sustained use and production within the region. The recommendations from the proposed project informed on the future development and operation of the pilot areas in selected member countries (Cambodia, Lao PDR, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam) to convert agricultural waste and residues to SAF. The project and recommendations supported the ASEAN Secretariat in ascertaining the reliability of feedstock supply for renewable fuels.”

    Sharmine Tan, Boeing’s regional sustainability lead for Southeast Asia said “SAF is the biggest opportunity to cut aviation emissions over the next 30 years. This research highlights Southeast Asia’s rich SAF feedstock potential, positioning the region as a key player in meeting global SAF demand. To unlock this potential, governments and industry must act decisively, harmonise sustainability policies, invest in infrastructure, and scale local production to build a robust regional SAF ecosystem. Southeast Asia has a unique opportunity to lead sustainable aviation while driving economic growth and environmental stewardship.”

    Sachin Narang, GHD’s Executive Advisor – Energy and Infrastructure, said, “The successful completion of this project represents a major milestone in ASEAN’s journey toward sustainable aviation. The insights gained will serve as a foundation for future SAF initiatives, investments, and policy development across the region.”

    The ASEAN Secretariat, together with its partners, invites continued collaboration with governments, industry leaders, research institutions, and investors to support the regional transition to SAF. Building on the findings of this project, the next phase will focus on areas such as enabling policy development, strengthening technical capacity, and mobilising investment to support SAF deployment, among other collaborative efforts. Together, ASEAN governments, businesses and communities can help shape a sustainable aviation future that contributes meaningfully to regional and global sustainability goals.

    The full Techno-Economic Assessment Report for the project can be referred to here: https://asean.org/wp-content/uploads/2025/04/12634962-RPT-6-Techno-Economic-Assessment-Final-Report_April-2025.pdf

    Media contacts:

    ASEAN Secretariat

    Mustika L. Hapsoro Media Officer, mustika.hapsoro@asean.org

    Image Credit: ASEAN Secretariat
    The post Southeast Asia Poised to Become a Global Hub for Sustainable Aviation Fuel appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Australia: Urgent amendment aimed at ensuring future of Brindabella Christian College

    Source: Australian National Party

    As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.

    Released 08/04/2025

    The ACT Government is taking urgent legislative action to facilitate continuity of education for students of Brindabella Christian College.

    This morning the ACT Government intends to introduce the Education Amendment Bill 2025 (the Bill), as an urgent Bill, which would amend the Education Act 2004 to address an identified issue relating to when a non-government school seeks a change to their registration.

    While this amendment would be important for all non-government schools, the urgency of this Bill is to ensure Brindabella Christian College can continue to operate.

    “As Minister, it is always my preference to keep schools open and operating for students,” Minister for Education and Early Childhood Yvette Berry said.

    “Brindabella Christian Education Limited, the proprietor of Brindabella Christian College, is currently under voluntary administration. Deloitte, the Administrators, have advised the school community that the only option to keep the school open is to transfer the school to a new proprietor.

    “The financial position of the school is such that an urgent transfer is required and the Administrators are progressing the sale of the school as an urgent priority in order to ensure continuity of education for more than 1,000 students.

    “Under the current legislation, the transferring of a school’s registration from one proprietor to another would trigger a 60-day public consultation period.

    “However, the current situation with Brindabella Christian College is such that observing this full 60 day period would likely mean that the school’s finances are exhausted, resulting in closure of the school and a significant negative impact on the students, staff and families of this school community.

    “I have said many times throughout this process that I don’t want to see this school close – that’s why we are taking this action.

    “If passed this amendment would enable me, as Minister, to reduce the 60 day public consultation period when a non-government school requests a change in their registration, when it is reasonably necessary to do so. In the case of Brindabella, this amendment would enable the prompt transfer of the school to a new proprietor with the least impact on school operations.

    “Importantly, the public consultation period could not be waived entirely, and the 60 days remains as the default period of consultation. In extreme circumstances such as this though, the amendment would enable a shortened period, for example when time is critical to prevent the closure of a school. To be very clear, the reduction in consultation could only be considered in circumstances where the non-government school has requested a change to their registration.

    “Without this urgent legislative intervention the future of Brindabella Christian College would be at significant risk. We must take this action now in order to give the best chance of continuity for students, staff, families and the community.”

    – Statement ends –

    Yvette Berry, MLA | Media Releases

    «ACT Government Media Releases | «Minister Media Releases

    MIL OSI News –

  • MIL-OSI USA: National Retail Federation – World’s Largest Retail Trade Association – Endorses Cantwell’s Bipartisan Trade Review Act

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.07.25

    National Retail Federation – World’s Largest Retail Trade Association – Endorses Cantwell’s Bipartisan Trade Review Act

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), senior member of the Senate Finance Committee and ranking member of the Senate Committee on Commerce, Science, and Transportation, announced that the National Retail Federation (NRF) sent a letter endorsing her bipartisan Trade Review Act.

    The NRF is the world’s largest retail trade association. In the letter, David French, the NRF’s Executive Vice President, Government Relations, writes:

    “The Trade Review Act of 2025 will provide Congress with the opportunity to review and vote on whether to keep announced tariff actions in place. Requiring an explanation as well as an assessment of the tariff actions from the administration is critical. We have seen that the recently announced ‘reciprocal’ tariffs will have a significant negative impact on businesses, especially small retailers. One estimate indicates these tariffs could lead to a $2,100 tax increase per household. The increased tariffs are not sustainable for small businesses that have to pay the tax. Many are concerned about their ability to stay in business as a result.”

    “We applaud you for introducing such important legislation to reassert Congress’s role in setting trade and tariff policy. We strongly urge the Senate to quickly support and pass the bill.”

    Sen. Cantwell introduced the bipartisan bill on Thursday to reaffirm Congress’ key role in setting and approving U.S. trade policy, and reestablish limits on the president’s ability to impose unilateral tariffs.

    The bill has since picked up 12 additional cosponsors – an equal mix of Republicans and Democrats – and been endorsed by multiple major U.S. business organizations, including the Retail Industry Leaders Association and the Main Street Alliance.

    MIL OSI USA News –

  • MIL-OSI United Nations: Remarks by Dr. Natalia Kanem, UNFPA Executive Director at the CPD58 High-Level Side Event: Improving Health and Well-being for Women and Newborns

    Source: United Nations Population Fund

    Excellencies,
    Esteemed delegates, 
    Dearest colleagues,
    Dear community leaders and young people,

    Greetings of peace, the noble pursuit of the United Nations and the fervent desire of every woman and girl that UNFPA serves in over 150 locations.

    We meet at a time when our shared mission of peace, human rights and development is more vital than ever; and where we count on people of goodwill like you for solidarity in forging a brighter future.

    As we face a world of unprecedented challenges, among the most profound is the continued injustice of women dying in pregnancy and childbirth, often from entirely preventable causes.

    How can it be, that in this day and age, each and every two minutes, a woman dies from complications in pregnancy or childbirth? And in places affected by conflict, maternal mortality more than doubles. 

    These are not just numbers; they are real lives.

    Let me tell you what I heard from Aicha, a young woman displaced from a traditional village in Cameroon after repeated flooding and then violence by armed groups. She confided: “I am so scared for the baby in my womb and for myself”.

    Pull back the curtain and behind every maternal death you will find a clinic that didn’t have essential medicines, a community without skilled midwives, and a crisis putting basic human care out of reach.

    With never-ending conflicts, growing economic uncertainty, and more frequent climate disasters, women’s health needs are surging – and that’s happening as resources and political will seem to be far less reliable.

    Yet we know that major progress is possible. Change happens when we mobilize the full weight of local communities joined by the international community. 

    Changed happened over the past 25 years, during which the world saw a remarkable 40 percent drop in global maternal mortality. 

    And while progress slowed more recently, there has been a 10 percent decline in maternal deaths since 2015. Let me emphasize that the most gains were made in the least developed countries. Progress is possible!

    Even with setbacks from Covid-19, we are beginning to get back on track in most countries.

    Three powerful examples stand out – Tanzania, Sierra Leone, and Nepal.

    Through impressive government leadership and strategic investments, Tanzania cut maternal mortality by 79 percent, Sierra Leone by 52 percent, and Nepal by one third.

    Seeing is believing. Tangible progress follows when countries prioritize women’s health. This means thousands of lives saved, mothers and their babies poised for a healthier future.

    Importantly, we have the tools to replicate this success. We have cost-effective, evidence-based strategies. We know what works.

    This is all good news. Yet let’s not rest on our laurels while steep funding cuts right now are forcing countries to roll back vital services for maternal, newborn and child health – putting fragile gains at risk.

    We need to go further and we certainly need to go faster.

    Native American wisdom tell us: We will be known forever for the tracks we leave.

    Now is the time to expand all of the proven interventions that we have at hand. Now is the time to ensure equitable access to quality care, especially for any woman who is poor, because she is the one too often left behind.

    Here is where the transformative power of midwives shines bright. 

    Midwives save lives!

    With proper investment in the midwifery profession, did you know that midwives could deliver up to 90 percent of essential sexual and reproductive health services? That includes vital antenatal, delivery, and postnatal care. 

    What’s more, every dollar poured into midwifery yields a 16-fold return in economic and social benefits. That’s an outstanding return on investment and a financially sustainable solution all around.

    • Midwifery care significantly reduces mother and newborn complications.
    • Midwives are leaders. They are embedded in communities, and therefore better able to reach remote and marginalized groups. That’s the path to bridging the inequalities that fuel maternal deaths.
    • Midwives provide holistic care that respects women’s preferences and minimizes medical interventions. They improve the overall experience of childbirth and are a trusted, stabilizing force within their communities.

    I tell you all of this so that you understand that we must act to end the global shortage of nearly one million midwives. 

    The largely female midwifery workforce, unfortunately, remains persistently under-recognized, under-utilized, and under-funded – despite all the overwhelming and longstanding evidence in support of the midwifery model of care.

    That is why UNFPA, with the International Confederation of Midwives (ICM), WHO, UNICEF and other terrific partners, are so proud to launch the Midwifery Accelerator. Thank goodness we now have a global blueprint and a fearless coalition to close the midwifery gap and hasten progress towards ending maternal and newborn deaths by 2030.

    Our unwavering promise is to educate, deploy, retain and empower midwives. Because every woman, everywhere deserves safe, respectful, quality care when she brings life into this world. And a strong, well-resourced midwifery workforce defines the pathway to success.

    You know, safe birth is no longer a technical challenge; rather it is a political choice. Governments hold the power to enact policies, allocate critical resources, and build robust health systems that protect and safeguard lives. 

    I urge Member States to prioritize and set measurable reproductive, maternal, and newborn health targets aligned with the Sustainable Development Goals (SDGs). UNFPA stands shoulder-to-shoulder with you in this critical endeavour.

    The survival and well-being of every woman and every newborn is no less than the foundation of strong families, resilient communities and prosperous societies.

    Again, we will be known forever for the tracks we leave.

    So let us galvanize our collective will and stand united in our complete, interconnected humanity.

    The status quo is done; it is over. Let us seize this moment for resolute action. Let us create a world where everyone has the opportunity to not just survive, but to thrive and flourish in their full potential.

    MIL OSI United Nations News –

  • MIL-OSI Submissions: Global Economy – China braces for tariff shock with strategic policy measures, says GlobalData

    Source: GlobalData

    Following President Donald Trump’s announcement of sweeping unprecedented tariffs on Chinese imports;

    Arnab Nath, Associate Project Manager, Business Fundamentals at GlobalData, a leading data and analytics company, offers his view:

    “In a move set to redefine global trade dynamics, the US President Donald Trump has announced a sweeping 34% hike in tariffs on Chinese imports—bringing the total tariff burden to 54%. These measures, scheduled to take effect from 09 April 2025, follow the rollout of a broader 10% universal tariff on all US imports, effective 05 April. GlobalData forecasts China’s GDP growth to slow to 4.2% in 2025 and 4.1% in 2026, down from 4.8% in 2024, amid these tariffs and ongoing domestic challenges such as a property market downturn and weak consumer demand.

    “In response, China announced to impose a 34% retaliatory tariff on all US imports starting 10 April, alongside immediate restrictions on exports of seven rare earth minerals vital to global supply chains. The moves mark a significant escalation in US-China trade tensions, reviving fears of a full-blown trade war like the 2018-19 standoff. With Chinese goods exports to the US totalling $524.9 billion in 2024 (ITC Trade Map data), key sectors—electronics, machinery, and consumer goods—face significant headwinds in the coming 12 months.

    “To offset the economic impact, Beijing is preparing macroeconomic support. Policymakers may reduce the reserve requirement ratio (RRR), cut interest rates, and boost fiscal spending through special treasury bonds and deficit financing. These efforts aim to stimulate domestic demand and safeguard market confidence.

    “Despite the near-term strain, China is accelerating trade diversification, enhancing links with ASEAN, Latin America, and the Middle East. While exporters—especially SMEs—may face immediate pressure, China’s fiscal and monetary readiness positions it to weather this shock and recalibrate global trade relationships.”

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Africa – ATIDI Helps Strengthen Benin’s Fiscal Resilience with Second-Loss Guarantee for Deutsche Bank’s EUR507.5 Million Loan

    Source: Media Fast for ATIDI

    ·       The Republic of Benin, acting through its Ministry of Economy and Finance, has successfully secured a EUR507.5 million, 15-year facility to support its sustainable development agenda.

    ·       This transaction benefits from a Partial Risk Guarantee (PRG) of EUR200 million provided by the International Development Association (IDA) and a second-loss insurance cover of up to EUR614 million (principal plus interest) from ATIDI for the tenor of the loan.

    ·       The facility will enable the Government of Benin to undertake a critical debt reprofiling exercise to buy back part of the country’s Eurobonds. The resulting debt savings will be strategically allocated to finance or refinance eligible expenditures under the country’s SDG Framework.

    Nairobi, 7 April 2025 — The African Trade & Investment Development Insurance (ATIDI) supported the Republic of Benin’s latest financing transaction, providing a second-loss guarantee for Deutsche Bank’s EUR 507.5 million loan to the country. This milestone transaction reinforces ATIDI’s commitment to unlocking access to innovative financial solutions that enhance economic stability and sustainable development across Africa.

    The senior unsecured amortizing term loan, arranged solely by Deutsche Bank, is backed by a first-loss guarantee of up to EUR200 million from the International Development Association (IDA), part of the World Bank Group. ATIDI’s second-loss guarantee complements this structure, covering the remaining principal and interest, thereby strengthening investor confidence and reducing financing costs for Benin.

    “This landmark financing demonstrates the power of strategic partnerships in unlocking sustainable investment for African economies. Our collaboration with Deutsche Bank in supporting the Republic of Benin highlights ATIDI’s essential role in facilitating innovative financial solutions that enhance fiscal resilience. By providing a second-loss guarantee, we help ensure that Benin secures long-term, cost-effective financing, reinforcing its economic stability while channelling resources toward its sustainable development goals,” ATIDI CEO Manuel Moses said.

    ATIDI’s involvement underscores its unique role in providing risk mitigation solutions that enable African sovereigns to access long-term, cost-effective financing on favorable terms. This transaction is the first IDA-backed guarantee under the World Bank’s new guarantee platform launched in July 2024.

    Key Highlights of the Transaction:

     ·  Debt Reprofiling – The facility will provide fiscal space for Benin to reprofile its debt, ensuring long-term financial sustainability.

     ·  SDG Alignment – Savings from the transaction will be channeled toward priority projects under Benin’s SDG Framework.

     · Risk Mitigation – The IDA’s Partial Risk Guarantee and ATIDI’s second-loss insurance cover provide robust risk mitigation, enhancing investor confidence and ensuring the successful execution of the facility.

    Commenting on the facility, Deutsche Bank Managing Director Maryam Khosrowshahi said the transaction consolidates the Bank’s position as a leading arranger of complex transactions on the African continent, notably after being named Best Foreign Investment Bank in Benin for the 2nd year in a row by EMEA Finance African Banking Awards 2024.

    “We are proud to have acted as sole mandated lead arranger and sole lender to the Republic of Benin on this novel transaction with IDA and ATIDI. We leveraged our successful financing track-record with the Republic of Benin as well as our excellent relationship with the Republic’s advisor Rothschild & Co, and extensive transaction experience with the World Bank Group and ATIDI to deliver this critical financing in an effective and timely manner. Timing was indeed of the essence as the Facility was signed on 8 January 2025 concurrently to the announcement of a tender offer targeting up to EUR 250 million of Benin’s EUR2032s notes and of a new USD 500 million bond issue to complement the country’s 2025 budgetary needs.”

    The facility was concluded in parallel with Benin’s return to international capital markets through a USD500 million bond issuance. A portion of the loan proceeds was allocated to a debt reprofiling exercise, including the buyback of Benin’s EUR 2032 bond. By extending the average maturity of its public debt portfolio and achieving substantial debt service savings, Benin can redirect funds toward strategic initiatives under its SDG financing framework, driving long-term social and economic impact.

    ATIDI remains at the forefront of de-risking African economies and facilitating transformative financial solutions. Through partnerships with global financial institutions like Deutsche Bank and development partners such as the World Bank Group, ATIDI continues to provide innovative credit and investment insurance products that foster sustainable growth across Africa.

    Notes

    About ATIDI

    ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. Since inception, ATIDI has supported USD85 billion worth of investments and cross border trade into Africa. For over a decade, ATIDI has maintained an ‘A/Stable’ rating for Financial Strength and Counterparty Credit by Standard & Poor’s, and in 2019, ATIDI obtained an A3/Stable rating from Moody’s, which has now been upgraded to A2/Positive.

    www.atidi.africa

    MIL OSI – Submitted News –

  • MIL-OSI USA: NADLER, GILLIBRAND, SCHUMER, JEFFRIES, GARBARINO, GOLDMAN LEAD BIPARTISAN PUSH CALLING ON PRESIDENT TRUMP TO REVERSE CUTS TO WORLD TRADE CENTER HEALTH PROGRAM

    Source: United States House of Representatives – Congressman Jerrold Nadler (10th District of New York)

    WASHINGTON, D.C. – Today, Representative Jerrold Nadler (D-NY),  U.S. Senator Kirsten Gillibrand (D-NY), Representative Andrew Garbarino (R-NY), Senate Minority Leader Chuck Schumer (D-NY), House Democratic Leader Jeffries (D-NY), and Representative Dan Goldman (D-NY) are leading a bipartisan letter calling on President Trump and HHS Secretary Robert F. Kennedy Jr. to reverse cuts to National Institute for Occupational Safety and Health (NIOSH) staff that provide critical support for the World Trade Center Health Program (WTCHP).

    The WTCHP offers medical monitoring and treatment for first responders and survivors diagnosed with 9/11-related health conditions, including many types of cancers, respiratory illnesses, and more. The cuts include the dismissal of Dr. John Howard, the administrator of the WTCHP, who makes critical decisions regarding covered conditions and ensures the WTCHP complies with statutes enacted by Congress. The WTCHP also currently uses NIOSH staff to determine the awards of research grants in the amount of nearly $20 million a year, an annual requirement of the program to fund research on 9/11 conditions and care.They were joined on the letter by Representatives Mike Lawler (R-NY), Nick LaLota (R-NY), Nicole Malliotakis (R-NY), Paul Tonko (D-NY), Laura Gillen (D-NY), Pat Ryan (D-NY), Grace Meng (D-NY), Nydia Velázquez (D-NY), Gregory Meeks (D-NY), Ritchie Torres (D-NY), George Latimer (D-NY), Alexandria Ocasio-Cortez (D-NY), Tom Suozzi (D-NY), Adriano Espaillat (D-NY), Tim Kennedy (D-NY), Yvette Clarke (D-NY), Josh Riley (D-NY), Joseph Morelle (D-NY), Josh Gottheimer (D-NJ), John Larson (D-CT), Jahana Hayes (D-CT), Mikie Sherrill (D-NJ), and Nellie Pou (D-NJ), as well as Senator Richard Blumenthal (D-CT).

    “We were appalled at the recent announcement that the Department of Health and Human Services cut two-thirds of the staff at the National Institute for Occupational Safety and Health (NIOSH), under which the WTCHP operates,” wrote the lawmakers. “We understand that your plan is to ultimately eliminate all NIOSH staff in the next few days. The WTCHP relies on NIOSH staff to fulfill many of its obligations under the law, and eliminating staff that implement it, especially as more and more responders and survivors fall ill with 9/11-related conditions, will directly interfere with program operations and undermine access to the treatment these heroes have earned and deserve. Congress has continually reaffirmed its bipartisan commitment to the responders and survivors of September 11th. We stand ready to work with you to reverse these cuts to ensure that current and future participants receive the coverage and care that Congress has continuously provided.” 

    “I am glad that the members of the NY Congressional Delegation are working together in a bipartisan manner to demand answers as to what Secretary Kennedy is doing. Why fire Dr. Howard, a Trump appointee, why fire the NIOSH staff the Doctors and epidemiologists that support the WTC Health Program, who is going to approve cancer treatments for 9/11 responders and survivors this week when they are seeking help, why fire the CDC staff that handle the programs contracts and grants, who is going to handle the contracts and grants that are the heart of this program? The Secretary needs to either answer all these questions or restore Dr .Howard and the NIOSH,  CDC staff that were doing this work who were terminated. This wasn’t a scalpel or even a chainsaw this was bulldozer that is leveling the program,” said Benjamin Chevat, Executive Director of the Citizens for Extension of the James Zadroga Act, Inc.

    In February 2025, the Trump administration drastically reduced the workforce of the World Trade Center Health Program. In response, Senator Gillibrand, Congressman Garbarino, and a number of their bipartisan colleagues in the House called on the administration to reverse the cuts, and the program’s staffing levels were ultimately restored.

    After years of efforts and calls on the federal government, Congress established the WTCHP on a bipartisan basis in 2011 with a five-year authorization to provide medical treatment and monitoring for 9/11 responders and survivors suffering from the effects of the toxins at Ground Zero. The program covers the lifespans of all exposed, including responders and survivors of the attack on the World Trade Center, the Pentagon, the Shanksville crash site, children who were in schools in downtown Manhattan on 9/11 and during clean-up, and those who have since experienced, or are expected to experience, adverse health effects that are linked to the attacks in the coming years. The program was reauthorized in 2015 and extended through 2090 with bipartisan support. In 2022, lawmakers delivered $1 billion for the WTCHP in the end-of-year spending bill, and in 2023, they secured an additional $676 million for the program.


     The full text of the members’ letter to President Trump and Secretary Kennedy is available here or below:

    Dear President Trump and Secretary Kennedy,  

    The World Trade Center Health Program (WTCHP) provides critical medical treatment, research, and monitoring to over 137,000 responders and survivors of the September 11th terrorist attacks, living in every state and nearly every Congressional district. The WTCHP serves first responders and survivors from the World Trade Center and lower Manhattan, the Pentagon, and the crash site in Shanksville, Pennsylvania. This vital program provides life-saving care to the heroes who answered the call to serve in one of our nation’s darkest hours and the survivors who are forced to live with the health consequences from the attacks every single day.  

    We were appalled at the recent announcement that the Department of Health and Human Services cut two-thirds of the staff at the National Institute for Occupational Safety and Health (NIOSH), under which the WTCHP operates. We understand that your plan is to ultimately eliminate all NIOSH staff in the next few days.  

    Since the establishment of the WTCHP in 2011, the number of program enrollees has more than doubled from 61,000 to 137,000. The WTCHP relies on NIOSH staff to fulfill many of its obligations under the law, and eliminating staff that implement it, especially as more and more responders and survivors fall ill with 9/11-related conditions, will directly interfere with program operations and undermine access to the treatment these heroes have earned and deserve.  

    For example, the WTCHP does not employ any staff physicians or individuals with medical degrees. Under the statute medical doctors need to approve certifications of members coming forward with new conditions that meet the requirements of the law for them to receive treatment.  The WTCHP has always used NIOSH doctors to perform this work. 

    Additionally, the WTCHP does not have a staff epidemiologist and has always used NIOSH epidemiologists to review pending petitions for considering whether to add new conditions to the list of covered conditions. The WTCHP also currently uses NIOSH staff to determine the awards of research grants in the amount of nearly $20 million dollars a year, an annual requirement of the program to fund research on 9/11 conditions and care. 

    We are extremely concerned regarding the dismissal of Dr. John Howard, the Program Administrator of WTCHP. Since the program’s inception, Dr. Howard has faithfully served as the Administrator, playing a critical role as the final decision-maker on determining which petitioned conditions should be covered and ensuring the WTCHP is adhering to the explicit statutes enacted by Congress. His institutional knowledge is unmatched and allows the program to operate effectively and efficiently. It is estimated that over 400,000 individuals were exposed to toxins or other hazards on 9/11, and we are gravely concerned that his termination will undermine the essential work the WTCHP does.

    Finally, we are concerned about the termination of the staff at the Office of Acquisition Services at NIOSH. The Office of Acquisition Services oversees all contracts for the WTCHP’s Nationwide Provider Network (NPN), which is a vast network of contracted health providers throughout the country that provide the medical monitoring and treatment for program enrollees who live outside the New York metropolitan area. This office ensures these contracts and providers meet the needs of enrollees and provides oversight and quality assurance for the NPN. Without this coordinating mechanism, current contracts could receive little oversight and that future contracts could lapse, undermining access to enrollee care. 

    We are asking that the Administration provide answers on how the WTCHP will be impacted by these massive layoffs. Please respond to the below list of questions by April 9th, 2025.  

    1. Is the Administration planning to terminate all NIOSH staff? 
    2. What was the justification for the termination of Dr. Howard?  
    3. Since there are no doctors on the staff of the WTCHP, and the statue requires doctors to sign off on certifications that allow for treatment of members, what is the administration’s plan to rectify this as all of the NIOSH medical staff that performed this function have been terminated? 
    4. Since the WTCHP used the staff of NIOSH, especially epidemiologists to review pending petitions under the law to consider covering new conditions, what provisions has HHS made to supply the necessary staff to fulfill that role for the WTCHP? 
    5. What is the status of pending petitions to add autoimmune disease and cardiac conditions to the program? The program announced in December 2024 that eligible individuals can expect an answer by March 2025. 
    6. WTCHP utilized NIOSH staff to determine the approximately $20 million of annual research awards required under the statute that are normally announced in March. What staff will be assisting WTCHP in making these decisions and when will the awards for 2025 be announced?  
    7. Has the administration consulted with advocates or career staff on the impacts these cuts may have on WTCHP service delivery?  
      1. If you have not, please explain why.  
    8. What office will oversee the contracts and contracting process if there is no staff at the Office of Acquisition Services?  

    Congress has continually reaffirmed its bipartisan commitment to the responders and survivors of the September 11th attacks. We stand ready to work with you to reverse these cuts to ensure that current and future participants receive the coverage and care that Congress has continuously provided. 

    ###

    MIL OSI USA News –

  • MIL-OSI: FRO – Filing of Annual Report

    Source: GlobeNewswire (MIL-OSI)

     Frontline plc (the “Company”) announces the filing of its annual report for the year ended December 31, 2024.

    The annual report can be downloaded from the Company’s website www.frontlineplc.cy or from the link below. Additionally, shareholders can request a hard copy of our complete audited financial statements free of charge by writing to us at:
    John Kennedy  
    8 Iris Building, 7th floor, Flat/Office 740B,
    3106, Limassol, Cyprus.

    or sending an e-mail to ir@frontmgt.no

    April 7, 2025
    Frontline plc
    Limassol, Cyprus.

    Questions should be directed to:

    Lars H. Barstad: Chief Executive Officer, Frontline Management AS
    +47 23 11 40 00 
    Inger M. Klemp: Chief Financial Officer, Frontline Management AS
    +47 23 11 40 00

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

    Attachments

    The MIL Network –

  • MIL-Evening Report: Trump has Australia’s generic medicines in his sights. And no-one’s talking about it

    Source: The Conversation (Au and NZ) – By Deborah Gleeson, Associate Professor in Public Health, La Trobe University

    PeopleImages.com – Yuri A/Shutterstock

    While Australia was busy defending the Pharmaceutical Benefits Scheme against threats from the United States in recent weeks, another issue related to the supply and trade of medicines was flying under the radar.

    Buried on page 19 of the Trump’s administration’s allegations of barriers to trade was a single paragraph related to Australia’s access to generic medicines. These are cheaper alternatives to branded medicines that are no longer under patent.

    The US is concerned about how much notice their drug companies have that Australia will introduce a generic version of their product. Once a single generic version of a medicine is listed on the PBS, the price drops. The US argues that lack of advance notice is a barrier to trade.

    There is pressure for Australia to emulate aspects of the US system, where drug companies can delay generic copies of their medicines by 30 months.

    If the US plays hardball on this issue, perhaps in return for other concessions, this could delay Australia’s access to cheaper generic drugs.

    It would also mean significant pressure on Australia’s drug budget, as the government could be forced to pay for the more expensive branded versions to ensure supply.

    What’s the current process?

    Drug companies use patents to protect their intellectual property and prohibit other manufacturers from copying the drug. The standard patent term in Australia is 20 years, but the time a product is protected by patents can be extended in a number of ways. When patents expire, other companies are able to bring generic versions to market.

    A generic manufacturer wanting to market its drug in Australia must apply to the Therapeutic Goods Administration (TGA) for regulatory approval. Before approval is granted, the generic company must provide a certificate to the TGA that states either:

    a) that the product will not infringe a valid patent, or

    b) that it has notified the patent-holder of its intention to market the product.

    The certificate can be provided after the TGA has evaluated the generic – before it grants approval.

    If the generic company chooses option “a”, the manufacturer of the patented product may not find out the competing product is going to be launched until after the TGA has approved it.

    The patent-holder can then apply for a court order to temporarily stop the generic from coming to market, while legal battles are fought over patent-related issues.

    However, if the first generic has already launched and been added to the PBS, it triggers an automatic 25% price drop. This affects all versions of the drug, including the patented product.

    In Australia, patented drug companies that try to delay generics by taking legal action without good reason can face penalties and be required to pay compensation.

    Patented drug companies don’t like this system. They want to know as early as possible that a generic is planning to launch so they can initiate legal action and prevent or delay generic entry and the associated price reductions.

    Is Australia’s system consistent with our trade obligations?

    Australia introduced its patent notification system at the request of the US, to comply with the Australia-US Free Trade Agreement (AUSFTA). The World Trade Organization doesn’t require patent notification.

    Australia’s system is different to that of the United States. But it’s consistent with the rules negotiated between the two countries.

    US drug companies have long argued Australia’s system is a barrier to trade. They want Australia to change it to be more like the US system.

    Why is the US arguing this is a barrier to trade?

    The Trump Administration’s 2025 report on foreign trade barriers states “US and Australian pharmaceutical companies have expressed concerns about delays” in the patent notification process.

    The report also mentions US concerns about the potential for penalties and compensation when a patent owner takes legal action against a generic company.

    This report reflects long-standing concerns of the US pharmaceutical industry. In March, its drug makers trade association wrote to the US trade representative complaining that “lack of adequate notification” is an unfair trade practice. It argued this creates uncertainty for patent-holders, prevents resolution of patent challenges before generics enter the market, and penalises patented-drug companies for trying to protect their rights.

    Medicines Australia, which represents the Australian subsidiaries of many big patented drug makers, echoes these concerns.

    What does the US want instead?

    The US patent notification system is much more favourable to the patented drug companies than Australia’s.

    In the US, the generic company must notify the patented drug company within 20 days of filing an application for approval.

    Then, within 45 days of receiving the notification, the patent-holder can ask the regulator to impose a 30-month delay on approval for the generic.

    This means there is an automatic 30-month delay on the launch of the generic, unless patents expire in the meantime or the court decides earlier that valid patents aren’t being infringed.

    What could happen if Australia bowed to pressure from the US?

    Changing Australia’s system to be more like the US would delay generics entering the market in Australia and keep the price of drugs higher for longer.

    The quicker generics can be added to the PBS, the less the government pays. When the first generic is listed on the PBS, a 25% price cut is applied to all versions of the product, including the patented version.

    Over time, as more generics get added, prices continue to fall. Having plenty of generic competition can eventually result in prices lower than the PBS co-payment, resulting in savings for consumers.

    In the longer term, lost savings from timely listing of generics on the PBS would reduce value for money and add cost pressure.

    In time, it could also delay savings for consumers from drugs priced below the PBS co-payment.

    Both major parties are saying they won’t use the PBS as a bargaining chip in negotiations with the US over tariffs. They also need to resist pressure to slow down access to generic drugs.

    Deborah Gleeson has received funding in the past from the Australian Research Council. She has received funding from various national and international non-government organisations to attend speaking engagements related to trade agreements and health, including access to medicines. She has represented the Public Health Association of Australia on matters related to trade agreements and public health.

    – ref. Trump has Australia’s generic medicines in his sights. And no-one’s talking about it – https://theconversation.com/trump-has-australias-generic-medicines-in-his-sights-and-no-ones-talking-about-it-253836

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Fischer Joins “Mornings with Maria” to Discuss Fulfilling Promises to Americans

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer

    Click the image above to watch a video of Sen. Fischer’s remarks
    Click here to download audioClick here to download video
    WASHINGTON – U.S. Senator Deb Fischer (R-Neb.) joined Maria Bartiromo today on FoxBusiness to discuss the path forward to making President Trump’s 2017 tax cuts permanent. Senator Fischer highlighted President Trump’s support of the Senate’s budget framework and emphasized the need for Republicans to work together to fulfill their promises to the American people. 
    During the interview, Senator Fischer also stressed the importance of giving President Trump time to address unfair trading practices, particularly those affecting ag producers and manufacturers.On Making Tax Cuts Permanent
    Fischer: “Well, when we passed our budget resolution last week, we were just starting the process. That’s a framework that we use here in the Senate, along with the House. In order to have reconciliation so we can meet President Trump’s agenda: to support our troops, to secure the border, to unleash American energy, and to keep taxes low. What we’re looking at here in the Senate is to make our tax cuts that we passed in 2017 permanent. If we don’t, the American public will see a $4 trillion tax increase at the end of 2026. I look forward to working with the House to make sure that we can meet all those extremely important points that we have promised the American people.”
    On President Trump Supporting the Senate’s Budget Framework  Fischer: “You know, I think we can work together to get this done. That’s our goal. We all want to be able to get this done for the American people right now. If we don’t make those tax cuts permanent, as I said, that’s a $4 trillion tax increase. The family of four that makes about $80,000 they would see $1,700 tax increase. We promised to keep taxes low. That’s one of our promises and President Trump likes ours.”On Giving President Trump Time to Address Unfair Trading Practices
    Fischer: “I want to give the President time. That’s where I’m at, and that’s where Nebraskans are, too. To be able to give the President time, as you quoted what he had put up this morning, I agree with those points. We’re seeing a decrease in oil prices. We’re seeing food prices come down. 
    “Here in Congress, we are looking at spending cuts to get spending under control. We’re looking at getting rid of a lot of regulations out there. All of that is part of this package. So, when we wait for the President’s tariffs to be able to have an impact on the unfair trade practices that we have seen against ag producers, against manufacturing here in America, we want to make sure that we’re going to be addressing that.”On Leveling the Playing Field for American-Grown Energy
    Fischer: “Nebraska is an ethanol state, we are the second largest producer. When we talk about ethanol, ethanol from Brazil comes in with no tariff right now, none. They pay zero. But yet, when we export ethanol to Brazil, 18%. Those kinds of actions by other countries need to stop. Those are prohibitive for exports. We had an administration under Joe Biden that did nothing. They had no interest whatsoever in trade. We saw an over $40 billion trade deficit. That has to stop, so we’re giving the President time.”

    MIL OSI USA News –

  • MIL-OSI Economics: Canada initiates WTO dispute regarding US duties on automobiles and auto parts

    Source: World Trade Organization

    Canada claims the measures are inconsistent with the United States’ obligations under various provisions of the General Agreement on Tariffs and Trade (GATT) 1994.

    Further information is available in document WT/DS637/1

    What is a request for consultations?

    The request for consultations formally initiates a dispute in the WTO. Consultations give the parties an opportunity to discuss the matter and to find a satisfactory solution without proceeding further with litigation. After 60 days, if consultations have failed to resolve the dispute, the complainant may request adjudication by a panel.

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    MIL OSI Economics –

  • MIL-OSI Economics: Committee advances discussions on trade-related climate measures and technology transfer

    Source: WTO

    Headline: Committee advances discussions on trade-related climate measures and technology transfer

    Trade-related climate measures
    Members discussed two new proposals, namely the Republic of Korea’s communication titled “Key Considerations for Trade-related Climate Measures (TrCMs): Suggested approaches toward a sustainable future” and the submission of Djibouti, presented by Burkina Faso, on behalf of least developed countries (LDCs) on “Perspectives on LDC environment-friendly trade and trade-related climate challenges”.
    Members welcomed the two submissions, noting the need to collectively address regulatory fragmentation and trade disruptions arising from the increasing use of TrCMs. Many supported the Republic of Korea’s call to ensure that TrCMs are consistent, interoperable, flexible and transparent, while striking a balance between climate objectives and WTO trade rules.
    Recognizing the challenges that LDCs face in adapting to trade-related climate policies, members emphasized the importance of addressing their specific needs and ensuring fair, equitable trade. They called for stronger support in technology transfer, capacity building and other measures to enhance LDCs’ economic situation, trade and climate resilience.
    As a follow-up to thematic sessions on TrCMs and guiding questions from the Committee Chair (Ambassador Erwin Bollinger of Switzerland), members also engaged in a substantive discussion on the way forward in addressing TrCMs in the Committee.
    Technology transfer
    On 1 April, the Committee held its 5th thematic session on technology transfer. The co-coordinators, Ms. Chanikarn Dispadung of Thailand and Mr. Richard Tarasofsky of Canada, briefed members on the key takeaways from the session.
    They said the session addressed a wide spectrum of challenges and opportunities in environmental technology transfer, fostering experience-sharing among international organizations, member governments and the private sector. Speakers identified key barriers to technology transfer, including high costs and technical requirements; supply, demand and knowledge/IP gaps; and the need for adequate funding and innovative financing mechanisms.
    Other identified barriers included stakeholder engagement and trust; infrastructure; and market size for technology absorption.  Best practices and successful approaches were also highlighted. These included needs-based and locally tailored solutions; public-private partnerships; South-South collaboration; innovative financing mechanisms; and possibilities for integrating climate technology and governance frameworks.
    Delegates emphasized the importance of tailored solutions that adapt to local contexts, with enabling conditions like skilled labour, investment and regulatory frameworks. Concrete recommendations were made for WTO action, including coordination and knowledge-sharing with relevant international organizations, as well as more targeted technical assistance through existing frameworks such as Aid for Trade.
    The thematic session series, launched in November 2023 at the request of members, serves as a platform to deepen understanding of specific issues of interest through concrete case studies and practical experience sharing. Previous sessions have addressed topics such as the clean energy transition and trade-related climate measures.
    All presentations and the co-moderators’ report from the 5th thematic session are available here.
    Transparency and information sharing
    As part of WTO “reform by doing”, the Committee followed up on a proposal from Barbados, Colombia, India, Grenada, Paraguay, Singapore, St. Kitts and Nevis, the United Kingdom and Uruguay to further improve “Administrative processes to enhance clarity and accessibility of information”.  
    Moreover, at the request of a group of members — Argentina, Australia, Brazil, Japan, India, Paraguay and the United States — the WTO Secretariat provided a briefing on its current and planned workstreams related to trade and environment, covering activities across various WTO divisions and with outside organizations. Members appreciated the detailed briefing provided. They reaffirmed the value of regular updates and suggested exploring ways to enhance two-way communication. Additionally, members continued discussions on improving other processes to ensure greater clarity and accessibility of information within the Committee and across committees.
    Additionally, the WTO Secretariat presented the 2023 update to the WTO Environmental Database.
    The Secretariat of the United Nations Framework Convention on Climate Change (UNFCC) presented outcomes from the 2024 Climate Change Conference (COP29) and outlined preliminary plans for COP30, scheduled for November 2025 in Brazil. The WTO Secretariat also provided an update on its initial preparations for COP30, noting that planning is still in the early stages. The Secretariat will continue to keep members informed of any developments.
    More information about the WTO Secretariat at COP29 is available here.
    Other
    Members were further briefed on developments regarding the Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade (DPP) and the Trade and Environmental Sustainability Structured Discussions (TESSD).
    The European Union provided an update on its Green Deal, highlighting recent regulatory changes aimed at simplifying processes and reducing compliance burdens for businesses. Members welcomed the update and reiterated concerns about the trade impact of key measures, particularly the EU Deforestation Regulation and the Carbon Border Adjustment Mechanism.
    Parties to the Agreement on Climate Change, Trade, and Sustainability (ACCTS) — Costa Rica, Iceland, New Zealand and Switzerland — briefed the Committee on the key features (JOB/TE/93) of ACCTS as an innovative agreement on trade, climate change and environmental sustainability. Trade liberalization in environmental goods and services under the Agreement will be extended to all WTO members on a non-discriminatory basis.
    The UN Food and Agriculture Organization and the Organisation for Economic Co-operation and Development presented their latest work related to trade and the environment.
    Next meeting
    The next Committee meeting will take place during “WTO Trade and Environment Week,” scheduled for 30 June to 4 July 2025.

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    MIL OSI Economics –

  • MIL-Evening Report: Donald Trump has gatecrashed the federal election. It’s creating huge challenges for Australia’s next government

    Source: The Conversation (Au and NZ) – By Rebecca Strating, Director, La Trobe Asia, and Professor of International Relations, La Trobe University

    Much of the world is finding out it’s a very difficult time to be a friend and ally of the United States.

    That includes the major parties vying for power at the May 3 federal election. While voters may be preoccupied with the cost of living, it’s impossible to ignore the global tumult caused by the second Trump administration.

    Who would have thought six months ago that the US would vote alongside Russia and North Korea on UN resolutions on Ukraine, while China abstained? Or that it would propose transforming Gaza into a Mediterranean resort?

    Given the uncertainty reverberating across the globe, do we need to rethink our major foreign relations? Will the ANZUS alliance survive the second Trump presidency unscathed?

    Whoever forms Australia’s next government must diversify its approach to foreign policy to include more engagement with partners in Asia and the Pacific. It does not mean abandoning the US alliance, but it does mean avoiding over-reliance.

    Friends like these

    US President Donald Trump’s widespread imposition of tariffs is unravelling the global economic order.

    Australia was not specifically singled out for punishment. Nevertheless, the 10% slug on Australian imports prompted Prime Minister Anthony Albanese to condemn the tariffs as illogical:

    they go against the basis of our two nations’ partnership. This is not the act of a friend.

    Opposition Leader Peter Dutton was equally frank when he complained about Australia’s poor treatment:

    We have a special relationship with the United States and it hasn’t been treated with respect by the administration or the president.

    We have been let off relatively lightly compared with many other economies. But there may be an unforeseen strategic impact on Australia. For example, will other countries in our region decide that China is a more trustworthy partner than the US? What would that do for regional stability?

    Dutton has questioned whether Albanese has the right character as leader to deal effectively with Trump.

    It is unlikely any Australian prime minister could have done much to avoid the tariffs. We should consider the possibility that Trump doesn’t think much about Australia, which will shape the bilateral relationship for the foreseeable future.

    US vs China

    Trump himself remains the wild card. His administration has prioritised ending the war in Ukraine, alienating European allies along the way.

    The question for partners in Asia, including Australia, is whether the US is clearing the decks in Europe so it can focus on its main competitor: China. There are plenty of Beijing hawks in the administration, and China has been slapped with the steepest tariffs, which total 54%.

    In Australia, we often worry about being dragged into a great power conflict in the region. And we do appear to be entering a world of even more rapid militarisation, with all the security risks that would entail.

    The signing of the AUKUS submarine agreement in 2021 was one of the clearest signals to date that Australia was siding unequivocally with Washington. In the same year, Dutton declared it “inconceivable” Australia would not join the US in defending Taiwan if it was attacked by China.

    But now, there is an entirely different issue Australia needs to consider. The US rapprochement with Russia might be interpreted as a portent of future deal-making with other authoritarian leaders, including Xi Jinping.

    We can’t rule out Trump and Xi cutting a highly transactional deal on Chinese annexation of Taiwan. While this is unlikely, the security calculus now needs to incorporate a diverse range of plausible futures that previously seemed off the table.

    A Taiwan bargain would make regional partners, including Australia, extremely nervous. If the US is willing to abandon Taiwan, it might be willing to abandon other allies as well.

    Higher defence spending

    The recent transit through Australian waters by Chinese naval vessels focused attention on whether Australian defence capabilities are sufficient to protect our coastline – and whether the Albanese government’s response was too tepid.

    Yet, it is the opposition that has tempered its rhetoric on China, notwithstanding its policy commitment to end the 99-year lease of the Port of Darwin to Chinese firm Landbridge.

    Peter Dutton has declared himself to be “pro-China”:

    the relationship with China will be much stronger than it is under the Albanese government

    This reflects lessons learned from the last election when a stronger tone on China hurt the Coalition among Mandarin-speaking voters.

    Rather than talking up the China threat, the narrative is instead around the need to increase defence spending.

    The Trump administration wants Australia to share more of the burden by lifting defence spending above 3% of GDP. Such a ramp-up may not be feasible in financial terms.

    While Australia does need to boost military capabilities, increased spending should be determined by independent, evidence-based assessments of Australia’s defence needs.

    Alliance will endure

    Neither major party is questioning the alliance, which will survive the second coming of Trump. Nor will there be any debate over the AUKUS submarines, for which there is bipartisan support.

    Any difference between Labor and the Coalition is likely to be on the periphery. However, one important difference will be how the respective parties think about our region. As Dutton recently demonstrated, the Coalition is less focused than Labor on relations with Asia.

    While Trump is sucking up much of the oxygen in Australia’s foreign relations, we simply cannot afford to forget about our partners throughout the Asia-Pacific.

    This is the second article in our special series, Australia’s Policy Challenges. You can read the first piece in the series here.

    Rebecca Strating receives funding from the Australian Department of Foreign Affairs and Trade.

    – ref. Donald Trump has gatecrashed the federal election. It’s creating huge challenges for Australia’s next government – https://theconversation.com/donald-trump-has-gatecrashed-the-federal-election-its-creating-huge-challenges-for-australias-next-government-251912

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Europe: Press release – MEPs travel to Washington DC to discuss transatlantic relations with US counterparts

    Source: European Parliament

    The European Parliament’s delegation for relations with the United States will travel to the US capital from Wednesday to Friday for talks with representatives of the US Congress.

    The visit by MEPs takes place against the backdrop of US President Donald Trump’s recent announcement of sweeping tariffs on global trade partners. In Washington DC, the delegation, led by Brando Benifei (S&D, Italy), will meet primarily with representatives of the US Congress, in part to prepare for the next Transatlantic Legislators’ Dialogue (TLD), a forum of leading lawmakers designed to strengthen relations between the European Parliament and Congress.

    On Thursday, MEPs will meet with members of the US House committee dealing with strategic competition between the US and China, and with the new leadership of the House Foreign Affairs Committee and members of the House EU Caucus. Discussions are expected to centre on developments in Europe, not least in relation to Ukraine, as well as on bilateral trade, EU-NATO cooperation, the future of transatlantic ties, and relations with China. On Thursday and Friday, MEPs will hold meetings with US State Department representatives, as well as with think tanks and representatives of the US Chamber of Commerce.

    The MEPs taking part in the delegation are members of the Transatlantic Legislators’ Dialogue enlarged bureau. In addition to Mr Benifei, the delegation will comprise: European Parliament Vice-President Sophie Wilmès (Renew Europe, Belgium), Foreign Affairs Committee Chair David McAllister (EPP, Germany), International Trade Committee Chair Bernd Lange (S&D, Germany) and Foreign Affairs Committee standing rapporteur for the US Michał Szczerba (EPP, Poland).

    Press contact travelling with the delegation:

    Karolina Wozniak
    Tel: +1-771-208-9171
    Email: karolina.wozniak@europarl.europa.eu

    MIL OSI Europe News –

  • MIL-OSI Africa: President Ramaphosa appoints Professor Mariana Mazzucato to G20 Taskforce

    Source: South Africa News Agency

    President Cyril Ramaphosa has appointed renowned economist Professor Mariana Mazzucato as Technical Expert to South Africa’s G20 Presidency and his Special Presidential Representative to Taskforce 1, focusing on Inclusive Economic Growth, Industrialisation, Employment, and Reducing Inequality.

    In a statement on Monday, The Presidency said Professor Mazzucato will also contribute to Taskforce 3: Artificial Intelligence, Data Governance, and Innovation for Sustainable Development.

    She will also support the Sherpa Track on Trade and Investment Working Group, and the Finance Track Sustainable Finance Working Group, and International Financial Architecture Working Group.

    Professor Mazzucato is a member of President Ramaphosa’s Economic Advisory Council (PEAC) since 2019, advising on areas such as green industrial strategy, State capacity, and reform of State-owned enterprises.

    In 2024, she co-chaired the Group of Experts for Brazil’s G20 Task Force for the Global Mobilisation Against Climate Change (TF-CLIMA).

    “This appointment underscores South Africa’s commitment to leveraging its leadership in the G20 to shape a more inclusive and sustainable global economy.

    “Professor Mazzucato, internationally recognised for her work on rethinking the State, green growth, mission-oriented innovation and public value creation, brings critical expertise to advancing South Africa’s goals on green industrialisation, inclusive growth, and long-term structural transformation,” the Presidency said. 

    Under President Ramaphosa’s leadership and the G20 theme of “Solidarity, Equality, Sustainability”, South Africa aims to lead global discussions on these key issues, advocating for policies that foster resilient economic development, particularly in developing countries.

    South Africa’s G20 Presidency is committed to advancing a global economic framework that supports green growth, economic resilience, and social equity.

    The year 2025, described by President Ramaphosa, President Lula da Silva of Brazil, and Prime Minister Sánchez of Spain as “a pivotal year for multilateralism”, will feature three major global gatherings: the G20 Summit in Johannesburg, the Financing for Development Conference in Seville, and COP30 in Belém. – SAnews.gov.za 

    MIL OSI Africa –

  • MIL-OSI: Disclosure of Voting Rights in IDEX Biometrics to Chair, Morten Opstad – 07 April 2025

    Source: GlobeNewswire (MIL-OSI)

    At the close of business on 07 April 2025, Morten Opstad, chair of the board of IDEX Biometrics, held the following voting rights in IDEX, for the extraordinary general meeting on 11 April 2025.

    Total 142,779,329 shares or 17.17% of the share capital and votes, including shares held by Mr. Opstad and close relations.

    Some of the proxies may include voting instructions.

    Contact persons
    Marianne Bøe, Head of Investor Relations, Tel.: +47 918 00186
    Kristian Flaten, CFO, Tel.: +47 950 92322
    E-mail: ir@idexbiometrics.com

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity.  Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit www.idexbiometrics.com (http://www.idexbiometrics.com)

    About this notice
    This notice was issued by Marianne Bøe, Head of Investor Relations, on 07 April 2024 at 21:15 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 4‑2 of the Norwegian Securities Trading Act (STA) and published in accordance with section 5-12 the Norwegian Securities Trading Act.

    The MIL Network –

  • MIL-OSI Economics: Ninja Theory celebrates 11BAFTA Games Awards nominations for Senua’s Saga: Hellblade II

    Source: Microsoft

    Headline: Ninja Theory celebrates 11BAFTA Games Awards nominations for Senua’s Saga: Hellblade II

    But today, we wanted to shine a light on Senua’s Saga: Hellblade II, which picked up a staggering 11 nominations across a wide variety of categories, covering practically every element of the art of making games, and beyond. It’s a major moment for developer Ninja Theory (which previously picked up 9 nominations, winning in 5 categories, for Hellblade: Senua’s Sacrifice), a testament to the hard work and care that went into creating this singular experience.

    To celebrate this moment, we spoke to developers across the studio about the work that went into their nominated category, and what it means to see this recognition.

    [embedded content]

    Animation

    “The whole animation team was thrilled to be specifically recognised in the Animation category. We’re glad that all the hard work, love and specific vision for Senua’s Saga: Hellblade II has been received so well.

    “Our aim was to bring Senua, her cohort and adversaries to life as vividly as possible , whether it was the up-close nuance of an intimate moment between friends or life and death struggle against her deepest fears.”

    Guy Midgley, Ninja Animation Director

    Photo Credit: Gareth Dutton

    Artistic Achievement

    “The team at Ninja Theory has always had such a passion for taking the art to new places in our games, but to have the recognition from BAFTA is incredible and means so much to everyone here.

    “For Senua’s Saga we learnt so much on the journey, whether it was getting to grips with new features of UE5 and understanding how they could allow us to present our vision like never before, working with costume designers to build the real-life outfits for us to scan and understand their movements, or training how to fly professional drones so that we could capture meaningful data from the beauty of the Iceland landscape.”

    Mark Slater-Tunstill, Ninja VFX Director

    Audio Achievement

    “To bring to life the world, the reality of Senua through sound is a privilege, a journey that requires a strong vision and a certain bravery that leads to finding a unique voice.

    “Receiving this nomination brings a lot of joy to the whole Ninja audio team, who have worked tirelessly and with such craftsmanship to deliver an experience like no other.”

    David García Díaz, Ninja Audio Director

    Photo Credit: Gareth Dutton

    British Game

    “We’re very proud to receive a nomination for Best British Game and have Hellblade II sit alongside such a diverse and creative group of nominees in the category. Best British Game is a particularly special category for me, as I see it as a vehicle for inspiring the next generation of developers in my home country.

    “I like to think that there will be a kid out there somewhere that will see the wonderful games being created in the UK and it will spark in them a dream to one day feel the same pride that I do in receiving a BAFTA nomination of their own.”

    Dom Matthews, Ninja Studio Head

    Photo Credit: Gareth Dutton

    [embedded content]

    Game Beyond Entertainment

    “In Senua’s Saga, Ninja Theory have represented one of the most misunderstood of conditions with incredible skill, respect and sensitivity. Their depiction of psychosis was crafted with unerring attention to the underlying clinical neuroscience and, more importantly, to the personal experiences of those who have themselves carried the burden of psychosis.

    “Ninja Theory have told the story, and amplified the voice, of people who are frequently unheard or dismissed. It has been an enormous privilege to play a small part in their work and to observe the depth and range of its impact in challenging stigma.”

    Paul Fletcher, Bernard Wolfe Professor of Health Neuroscience, University of Cambridge

    Photo Credit: Gareth Dutton

    Music

    “To tell a story without words that connects the emotions with the listener, that is the quest of all the musicians involved in the creation of the soundtrack for the game.

    “At the core of it is the word ‘collaboration’: From Heilung, Ren and Arunka, the fantastic voices and talent of Helen and Abbi, plus our own composers here at Ninja. It’s an honour for us to receive this nomination for a work that is done with great passion and care.”

    David García Díaz, Ninja Audio Director

    Photo Credit: Gareth Dutton

    Narrative

    “Our heroine Senua faces down both inner and outer conflicts with persistence and strength of heart, and I feel fortunate to be part of the team sharing her unique perspective with the world.

    “Storytelling is always foremost in our minds with all of Ninja Theory’s games, and I’m deeply honoured and grateful that the team’s work in this area has been recognised by BAFTA with a nomination in the Narrative category.”

    Lara Derham, Writer and Stage Director

    Photo Credit: Gareth Dutton

    Performer in a Leading Role – Melina Juergens as Senua

    “I am deeply honored to be nominated at this year’s BAFTA Games Awards as ‘Performer in a Leading Role’ for my portrayal of Senua for the second time. It means the world to have my work as a performer recognized in such a meaningful way.

    “BAFTA Games Awards play a vital role in elevating gaming as an art form, putting it on the same cultural stage as film and television. Their commitment to celebrating creativity, storytelling, and innovation in games is incredible, and their charity work, supporting new talent and making the industry more accessible is truly inspiring.

    “In Senua’s Saga, we managed to push the performance tech further than ever before, which gave me the freedom to pour everything into my performance, knowing that every emotion and every little nuance would come through on screen. It was an incredible and rewarding experience.”

    Melina Juergens

    Photo Credit: Gareth Dutton

    [embedded content]

    Performer in a Supporting Role – Aldís Amah Hamilton as Ástríðr

    “It’s hard to put into words how much this nomination means to me and how grateful I am to everyone involved in creating this beautiful game, and for allowing me to be a part of that creation. Every step of the process has been an unforgettable experience. I’ve made dear friends, learned new skills, worked abroad for the first time, and taken part in making something meaningful. As a gamer from the age of 5, I couldn’t have imagined what my future would hold. And to receive this recognition for our work goes beyond what I could ever have dreamed of. Thank you dearly dear Ninjas and Xbox for giving me the honor of working with you.”

    Aldís Amah Hamilton

    Photo Credit: Thelma Arngrims

    Performer in a Supporting Role – Abbi Greenland and Helen Goalen as The Furies

    “We are delighted to be jointly nominated for our role as the Furies. Working on Senua’s Saga was a joy thanks to the brilliance of David García Díaz and his dream team.

    “We are a theatre company who work a lot with vocal improvisation and it was really exciting to collaborate with David in this way. It was fascinating for us to get an insight into how games are made. Everyone works so incredibly hard and it’s wonderful to see the team receiving such recognition for this.”

    Helen Goalen and Abbi Greenland

    Technical Achievement

    “It’s a great honour to receive a Technical Achievement BAFTA nomination for Hellblade II, alongside a shortlist of excellent and varied nominees. This nomination celebrates not just the technology itself, but the vision and perseverance of the entire team; it’s a testament to the detail, artistry and technical effort we poured into crafting Senua’s world and its inhabitants, as part of our dedication to pushing the boundaries of interactive storytelling. We’re immensely grateful to BAFTA for this acknowledgement, and it fuels our passion to continue creating experiences that aim to resonate on a profound level. Thank you.”

    Gavin Costello, Ninja Technical Director

    Congratulations to everyone at Ninja Theory for their work on Senua’s Saga: Hellblade II, and to all the recipients of BAFTA nominations this year.

    You can watch the BAFTA Games Awards live on Tuesday, April 8 at 11am Pacific / 2pm Eastern / 7pm UK via YouTube and Twitch.

    MIL OSI Economics –

  • MIL-OSI USA: Senator Coons, colleagues introduce bill to reassert congressional trade role

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WASHINGTON––U.S. Senator Chris Coons (D-Del.) joined Senator Maria Cantwell (D-Wash.) in introducing a bipartisan legislation to reaffirm Congress’ key role in setting and approving U.S. trade policy. In addition to Senator Cantwell, Senators Chuck Grassley (R-Iowa), Jerry Moran (R-Kans.), Amy Klobuchar (D-Minn.), Lisa Murkowski (R-Alaska), Mark Warner (D-Va.), Mitch McConnell (R-Ky.), Michael Bennet (D-Colo.), Thom Tillis (R-N.C.), Peter Welch (D-Vt.), Susan Collins (R-Maine), and Richard Blumenthal (D-Conn.) have also co-sponsored the bill. The Trade Review Act of 2025, modeled after the War Powers Resolution of 1973, would reestablish limits on the president’s ability to impose unilateral tariffs without the approval of Congress.

    “Donald Trump has showed that lowering prices for the average American is the least of his concerns, since he imposed his dangerous tariffs on our closest allies and our biggest trading partners,” said Senator Coons. “Congress should have the authority to weigh in on these reckless tariffs, and my colleagues across the aisle agree. That is why I am a proud cosponsor of this bill, because we must hold the Trump administration accountable for the sake of the American people.”

    “Trade wars can be as devastating, which is why the Founding Fathers gave Congress the clear Constitutional authority over war and trade. This bill reasserts Congress’s role over trade policy to ensure rules-based trade policies are transparent, consistent, and benefit the American public. Arbitrary tariffs, particularly on our allies, damage U.S. export opportunities and raise prices for American consumers and businesses,” said Senator Cantwell. “As representatives of the American people, Congress has a duty to stop actions that will cause them harm.”

    The bill restores Congress’ authority and responsibility over tariffs as outlined in Article I, Section 8 of the Constitution by placing the following limits on the president’s power to impose tariffs:

    • To enact a new tariff, the president must notify Congress of the imposition of (or increase in) the tariff within 48 hours.
      • The congressional notification must include an explanation of the president’s reasoning for imposing or raising the tariff, and
      • Provide analysis of potential impact on American businesses and consumers.
    • Within 60 days, Congress must pass a joint resolution of approval on the new tariff, otherwise all new tariffs on imports expire after that deadline.
    • Under the bill, Congress has the ability to end tariffs at any time by passing a resolution of disapproval.
    • Anti-dumping and countervailing duties are excluded.

    You can read the full text of the bill here.

    MIL OSI USA News –

  • MIL-OSI USA: Opening Remarks of Commissioner Kristin N. Johnson at GAIM Ops AI Summit: Using AI To Combat Cybersecurity and Fraud Risks

    Source: US Commodity Futures Trading Commission

    Good afternoon. Thank you to the event organizers for the generous invitation to join you to kick off the AI Summit. The Summit will explore critical topics—data quality and security, good governance for AI, critical third-party service providers, and the integration of generative AI in operating infrastructure, trade execution, clearing, and settlement, and trade surveillance, among others.
    I’d like to highlight two risks implicated by the integration of AI in our markets—cybersecurity and fraud risks. 
    Cyber and fraud risks are ever-present in our markets. Sophisticated AI models have the potential to facilitate high-quality, near-flawless, synthetic content, enabling stunning heists. AI models train, test, and refine their functionality by aggregating and analyzing vast amounts of data, creating enticing targets for cyber intrusion campaigns.
    While the threats are well-documented, we have not yet fully explored the potential for AI to address cyberthreats and AI-driven fraud. In the least, carefully studying coordinated efforts to develop cyber resilience may teach us some important lessons regarding how to use AI to mitigate cyber and fraud threats in our markets. 
    We are witnessing an increasing number of cyber and fraud threats executed using AI technologies. In some instances, the technology that drives these cyber and fraud threats may be an important offensive and defensive tool. 
    Your agenda rightly aims to identify pathways to good AI governance and best practices for individual firms and the broader financial ecosystem.[1]  
    AI and Financial Markets 
    Over the last few years, markets have witnessed the increasing potential for AI to engender efficiencies, reduce costs, harness and analyze vast amounts of data, and enable personalized access to markets. Many firms quickly discovered the potential for AI to streamline trade reporting, anti-money laundering (AML), and other regulatory compliance obligations. Financial services firms have used AI tools for many years, but “maturity in utilization and deployment of AI systems varies by institution and continues to evolve.”[2] 
    In addition, financial services firms use AI tools in both cyber and fraud threat assessments. Integrating innovative AI into legacy systems may, however, create vulnerabilities. 
    In recent years, firms have discovered that AI may become a tool for addressing these vulnerabilities. Machine learning or generative AI may replace or enhance legacy tools for fraud and cyber detection and risk management strategies. AI is enabling firms to educate employees and customers and to identify gaps in their cybersecurity and fraud detection and prevention measures.[3]
    These issues are at the heart of the work of the U.S. Commodity Futures Trading Commission (CFTC) and its mission[4] and resonate with my experiences as a lawyer in private practice, in-house, and my service as a Commissioner.[5] At the CFTC, I sponsor the Market Risk Advisory Committee (MRAC), a multi-stakeholder group of market participants that examines risk management issues and makes recommendations on how to improve market structure, mitigate risks, and enhance market integrity and stability for global derivatives markets.[6] MRAC has spent a significant amount of time considering cybersecurity and recommendations to enhance cyber resilience.[7] Fraud-related risks and applications are part of these conversations.
    We know that algorithmic models that may be accurately described as AI have long been employed in financial services markets[8] and that these applications include regulatory surveillance and compliance monitoring.[9] In recent years, however, the use and integration of predictive technologies has increased. 
    In January of 2024, the CFTC issued a request for comment seeking to learn more about the uses of AI in CFTC-regulated markets.[10] I applaud the Commission for issuing the RFC as a pathway to increase visibility and better understand the implications of AI use in our markets. This dialogue between the Commission and market participants aims to enable markets and the Commission to leverage the benefits of evolving AI models while mitigating risks.
    AI fraud and cyber threat prevention, detection, and mitigation represent common ground areas where the Commission and market participants are focused on the potential for AI to enhance market integrity.[11] 
    AI Fueled Cyber and Fraud Threats
    About a year ago, the U.S. Department of the Treasury (Treasury) released a report on Managing Artificial Intelligence-Specific Risks in the Financial Services Sector.[12] Several of the observations in the Treasury Report are unlikely to surprise this audience—cyber and fraud-related incidents continue to increase and, in parallel, the losses that firms experience as a result of these threats increase.[13]
    Surveyed market participants indicate that cyberthreat actors benefit from lower barriers to entry, increasingly sophisticated automation, and decreasing time-to-exploit.[14] Firms face cyberthreats from actors including opportunistic fraudsters with access to advanced AI tools to sophisticated nation-state hackers who deploy targeted attacks.
    AI-Driven Fraud
    Evidence suggests that hackers are repurposing AI-based tools previously used in cyber defense tactics to identify weaknesses in networks and cybersecurity applications.[15] These weaknesses open back doors for cyber attacks. Generative AI may enable sophisticated actors to execute more convincing phishing campaigns. Deep fakes and similar campaigns may be more difficult to identify. Generative AI may accelerate the creation of new malware variants, lowering the barrier to entry and empowering a greater number of less sophisticated threat actors.[16] As a result, time-to-exploit is shrinking and the overall risk level to financial organizations is climbing. Notwithstanding many AI developers’ efforts to prevent the adaptation of their models to facilitate fraud, there is a rising tide of misuse of AI technologies.
    Vulnerabilities of Technology
    In addition to cyber threats, the vulnerability of AI systems is equally concerning. Through data poisoning, model evasion, and model extractions, those seeking to adapt models may introduce false data, model weights, and similar tactics to corrupt the AI models to manipulate outputs to benefit their outcome and distort or steal from AI-driven processes.[17] These adaptations potentially undermine the reliability of the models as well as features designed to enable cybersecurity and fraud detection. Data privacy also presents a notable concern. 
    Synthetic Identities and Impersonation
    Identity impersonation and synthetic identity fraud are becoming ever more sophisticated. “Fraudsters can use AI to mimic voice, video, and other behavioral identity factors that financial institutions use to verify a customer’s identity.”[18] The ability to generate near-flawless fake credentials and believable digital appearances raises the stakes for banks, insurers, payment processors, and other financial entities that have traditionally relied on physical or behavioral markers for identification. Fraudsters posing as CEOs and CFOs have caused millions in losses by using AI to execute elaborate schemes to develop synthetic identities to convince company employees to make unauthorized transfers.[19] In response to these concerns, the Commission has issued customer education and outreach announcements to enhance market participants and customers’ awareness of these threats.[20]
    Third Party Risks
    Addressing these threats requires a comprehensive and collaborative approach to third-party risk management and data security. 
    According to the Treasury Report, “financial institutions should appropriately consider how to assess and manage the risks of an extended supply chain, including potentially heightened risks with data and data processing of a wide array of vendors, data brokers, and infrastructure providers.”[21] 
    In some instances, there may be high barriers to entry for providing third-party services. For example, few firms have the capability to offer globally accessible cloud-based services that demonstrate the requisite security protocols to enable financial services market participants to comply with substantial data security, integrity, and transfer standards. 
    As a result, only a few service providers may have the capability to deliver the quality of services needed or to respond to the vast amounts of data or information stored or processed by financial services firms. The limited competition for services may lead to a significant percentage of market participants relying on a handful of service providers.
    We may describe these concerns as concentration risks.[22] While CFTC-regulated entities must “assess the risks of using AI and update policies, procedures, controls, and systems, as appropriate, under applicable CFTC statutory and regulatory requirements,”[23] the Commission, as a regulator, should also take an active role in understanding these risks.
    Each of these links in the supply chain introduces potential vulnerabilities, especially with the increasing volume of data and the complexity of AI models. I have repeatedly raised these concerns.[24] It is important that all partners adhere to robust data protection, privacy guidelines, and contingency planning. These protocols are not only essential for safeguarding financial services firms, but also crucial for the resilience of the entire financial system.
    Next Steps 
    The Treasury Report suggested next steps that identify both challenges and opportunities. I’d like to highlight a few of them that resonate with me and some proposals that I have advocated for during my service at the CFTC.
    As I have intimated, as we study market participants’ use of AI, we are increasingly thoughtful about the Commission’s use of AI. As I’ve noted previously:
    The CFTC has on staff surveillance analysts, forensic economists, and futures trading investigators, each of whom identify and investigate potential violations. These groups use supervisory technology (SupTech) in support of their work. Over the past few years, the CFTC has transitioned much of its data intake and data analysis to a cloud-based architecture. This increases the flexibility and reliability of our data systems and allows us to scale them as necessary. This transition will allow the Commission to store, analyze, and ingest this data more cost-effectively and efficiently.[25]
    Coordination
    I have consistently encouraged both inter-agency and international coordination on issues related to AI.[26] 
    I have advocated for “the creation of an inter-agency task force composed of financial regulators…. [to develop] guidelines, tools, benchmarks, and best practices for the use and regulation of AI in the financial services industry.”[27]  As I have noted, “this approach promises efficiencies and a needed clarity for market participants trying to navigate diverse and sometimes divergent regulatory and compliance frameworks.”[28] 
    Financial services firms have indicated a desire to clarify regulatory approaches to innovative technologies. As reported to Treasury, “[s]ome financial institutions, however, expressed concern about the possibility of regulatory fragmentation as different financial sector regulators at both the state and federal level consider regulations around AI. This concern also extends to firms operating under different international jurisdictions.”[29] 
    Collaboration can help address significant issues and problems of scale, as well as some smaller changes that can help along the way. For example, the Treasury Report notes that “[a]s Generative AI increases in usage, there appears to be a significant gap in data available to financial institutions for training their models to prevent fraud….Ramifications of this data divide are especially apparent for anti-fraud use cases where larger institutions generally have much more internal data.”[30] This is not something that can be solved overnight, and will require thoughtful consideration and coordinated efforts.
    The Treasury Report also encourages clarifying how we understand AI by advocating for a common lexicon specific to AI. Developing an agreed upon definition  which would benefit financial institutions, regulators, and consumers alike, to “not only facilitate appropriate discussion with third parties and regulators but could help improve understanding of the capabilities AI systems may have to improve risk management or to amplify new risks,” and “may help address the current lack of clarity around measuring and identifying risks, especially with the rapid adoption of Generative AI. As noted in the introduction, terminology can have implications for the common understanding of AI technology and its associated risks as well.”[31]
    Conclusion
    I usually offer a standard disclaimer at the start of my remarks—something like, my thoughts are my own and do not reflect the perspectives of others. Today, however, I feel compelled to disclose that I used ChatGPT to draft this speech. Just kidding. 
    The research and development of this speech reflects weeks of effort by my staff and their patience with my not-so-gentle editing. However, as someone who spends significant amounts of time reading, studying, and processing data, I am tempted, at times, to defer to an increasingly capable generative AI model to serve as my speechwriter-in-chief. Assuming others will find tempting uses for AI as well, let’s figure out the best, responsible path for bringing this technology into our markets. 

    [1] The thoughts and perspectives that I share with you today are my own; they are not the views and perspectives of my fellow Commissioners, the Commission, or the staff of the CFTC.

    [3] Treasury Report at 12-15.

    [4] See, e.g., 7 U.S.C. § 5.

    [5] See, e.g., Keynote Remarks of Commissioner Johnson for Governing Data at Iowa Innovation and Business Law Center and Yale Law Journal of Law & Technology at Yale Law School: Twin Peaks – Emerging Technologies (AI) and Critical Third Parties (Apr. 4, 2025), https://www.cftc.gov/PressRoom/SpeechesTestimony/opajohnson16.

    [8] U.S. Commodity Futures Trading Commission, Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (Jan. 25, 2024), https://www.cftc.gov/PressRoom/PressReleases/8853-24 (citing Commissioner Kristin Johnson, Artificial Intelligence and the Future of Financial Markets, Manuel F. Cohen Lecture, George Washington University Law School (Oct. 17, 2023) (describing the historic development and integration of increasingly complex algorithms including supervised and unsupervised machine learning algorithms in financial markets)).

    [11] For example, a joint letter from trade associations and exchanges referred to the use of AI for compliance processes and controls and the World Federation of Exchanges identified compliance as a use case, stating “AI can be used to reduce manual inputs for trade documentation and regulatory reporting, as well as reducing market manipulation….” See Letter from World Federation of Exchanges to CFTC, Regarding Response to Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (Apr. 24, 2024), https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=73447; Letter from Futures Industry Association, FIA Principal Traders Group, CME Group, Inc., and Intercontinental Exchange Inc. to CFTC, Regarding Release No. 8853-24 (Jan. 25, 2024) Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (Apr. 24, 2024), https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=73444. The Bank Policy Institute stated that “… AI models, including generative AI tools, are being evaluated or piloted [by banking organizations] to enhance operational efficiencies and risk mitigation in the cybersecurity and fraud prevention contexts.” See Letter from Bank Policy Institute to CFTC, Regarding Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (CFTC Release No. 8553-24) (Apr. 17, 2024), https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=73424.

    [12] See Treasury Report. 

    [13] Treasury Report at 10-11. Responses to the CFTC’s RFC also highlighted AI-driven fraud risk. For example, Letter from Institute for Agriculture and Trade Policy to CFTC, Regarding Request for Comment on the Use of Artificial Intelligence in CFTC Regulated Markets (Apr. 24, 2024), https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=73457.

    [14] Treasury Report at 16.

    [15] See, e.g., id. at 17.

    [21] Treasury Report at 19.

    [29] Treasury Report at 35.

    MIL OSI USA News –

  • MIL-OSI Africa: African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance

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

    DAR ES SALAAM, Tanzania, April 7, 2025/APO Group/ —

    The African Development Bank (www.AfDB.org) and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania.

    Under this facility, the African Development Bank will provide a guarantee of up to 100% to confirming banks against non-payment risks arising from letters of credit and similar trade finance instruments issued by the Bank of Africa Tanzania. The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector. The facility aligns with efforts to bolster intra-Africa trade, contributing directly to the objectives of the African Continental Free Trade Area (AfCFTA) (https://AU-AfCFTA.org/).

    Speaking at the signing event on March 10, 2025, in Dar es Salaam, the Bank’s Country Manager for Tanzania, Patricia Laverley, stressed the importance of the facility in addressing Tanzania’s trade finance needs, saying that given the country’s import requirements, it will aid priority sectors such as trade, agriculture, manufacturing, and energy. “This facility will support trade by enabling BOAT to play a more strategic role in the regional and international market.”

    Representing BOAT’s management, Deputy Managing Director Hamza Cherkaoui lauded the strong partnership with the African Development Bank, emphasizing its role in expanding trade finance capabilities across the continent. “This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions, expanding our confirmation network, and enabling access to top-tier confirming banks,” he said.

    The new Trade Guarantee facility aligns with Bank of Africa Tanzania’s strategic priorities and the African Development Bank’s broader objectives, including promoting regional integration, increasing food security, and industrializing Africa. It also supports Tanzania’s Country Strategy paper 2021-2025, which focuses on enhancing the private sector business environment for job creation. It also aligns with the country’s development vision (Vision 2025), which aims to build a strong and resilient economy capable of competing globally.

    The signing of the agreement marks a significant milestone in the African Development Bank Group’s direct engagement with Tanzania’s private sector, reinforcing its commitment to strengthening the country’s financial sector and economic development.

    MIL OSI Africa –

  • MIL-OSI: Coface SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on March 31 to April 4, 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on March 31 to April 4, 2025

    Paris, April 7, 2025 – 17.45

    Pursuant to Regulation (EU) No 596/2014 of 16 April 2014 on market abuse1

    The main features of the 2024-2025 Share Buyback Program have been published on the Company’s website (http://www.coface.com/Investors/Disclosure-requirements, under “Own share transactions”) and are also described in the 2024 Universal Registration Document.

    Trading session
    of (Date)    		 Number
    of shares    		 Weighted
    average price    		 Gross amount MIC Code Purpose
    of buyback
    31/03/2025 9,000 17.6117 € 158,506 € XPAR LTIP
    01/04/2025 9,000 17.7483 € 159,735 € XPAR LTIP
    02/04/2025 9,000 17.7345 € 159,611 € XPAR LTIP
    03/04/2025 11,000 17.4200 € 191,620 € XPAR LTIP
    04/04/2025 15,000 16.6060 € 249,090 € XPAR LTIP
    Total 31/03/2025 – 04/04/2025 53,000 17.3313 € 918,561 €   LTIP

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    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.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    1 Also in pursuant to Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (and updates); Article L.225-209 and seq. of the French Commercial Code; Article L.221-3, Article L.241-1 and seq. of the General Regulation of the French Market Authority (AMF); AMF Recommendation DOC-2017-04 Guide for issuers on their own shares transactions and for stabilization measures.

    Attachment

    The MIL Network –

  • MIL-OSI: WithSecure Corporation: SHARE REPURCHASE 7.4.2025

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, STOCK EXCHANGE RELEASE, 7 April 2025 at 6.30 PM (EET)
           
           
    WithSecure Corporation: SHARE REPURCHASE 7.4.2025  
           
    In the Helsinki Stock Exchange      
           
    Trade date           7.4.2025    
    Bourse trade         Buy    
    Share                  WITH    
    Amount             13 332 Shares  
    Average price/ share    0,8334 EUR  
    Total cost            11 110,89 EUR  
           
           
    WithSecure Corporation now holds a total of 374 041 shares  
    including the shares repurchased on 7.4.2025    
           
    The share buybacks are executed in compliance with Regulation   
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.  
           
           
    On behalf of Withsecure Corporation    
           
    Nordea Bank Oyj      
           
    Janne Sarvikivi           Sami Huttunen    
           
           
    Contact information:      
    Laura Viita      
    Vice President Controlling, Investor relations and Sustainability
    WithSecure Corporation      
    Tel. +358 50 4871044      
    Investor-relations@withsecure.com      

    Attachment

    The MIL Network –

  • MIL-OSI USA: MEDIA ADVISORY: HFAC Markup

    Source: US House Committee on Foreign Affairs

    Media Contact 202-321-9747

    WASHINGTON, D.C. – The House Foreign Affairs Committee will hold a full committee markup on various measures on Wednesday, April 9, 2025.

    Date: Wednesday, April 9, 2025

    Time: 10:00 a.m.

    Location: Rayburn 2172

    Legislation:

    H.R. 747, To impose sanctions with respect to Chinese producers of synthetic opioids and opioid precursors, to hold Chinese officials accountable for the spread of illicit fentanyl, and for other purposes;

    H.R. 1998, To require the imposition of sanctions with respect to foreign persons engaged in piracy, and for other purposes;

    H.R. 2635, To support the human rights of Uyghurs and members of other minority groups residing primarily in the Xinjiang Uyghur Autonomous Region and safeguard their distinct identity, and for other purposes;

    H.R. 2619, To require a report on sanctions under the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act, and for other purposes;

    H.R. 1422, To impose sanctions with respect to persons engaged in logistical transactions and sanctions evasion relating to oil, gas, liquefied natural gas, and related petrochemical products from the Islamic Republic of Iran, and for other purposes;

    H.R 2503, To require the development of a strategy to eliminate the availability to foreign adversaries of goods and technologies capable of supporting undersea cables, and for other purposes;

    H.R. ___, To provide for control of remote access of items under the Export Control Reform Act of 2018;

    H.R. 2643, To require the Secretary of State to submit an annual report to Congress regarding the ties between criminal gangs and political and economic elites in Haiti and impose sanctions on political and economic elites involved in such criminal activities.

    ***Check here for updates. The hearing will be webcast live here and open to the public and press.***

    MIL OSI USA News –

  • MIL-OSI: BexBack Launches 100x Leverage Crypto Futures Trading with Double Deposit Bonus and $50 Welcome Bonus – No KYC Required

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 07, 2025 (GLOBE NEWSWIRE) — In the past 24 hours, most major cryptocurrencies have plunged more than 10%, with Bitcoin briefly falling below $75,000. The sharp sell-off was triggered by President Trump’s new tariff war, sparking panic across global markets. Analysts are warning: the bear market may have officially arrived.

    In a bear market, smart investors know that simply holding spot assets is not enough. 100x leverage futures trading has become the preferred strategy to profit from both market rises and falls. BexBack Exchange is leading the way, empowering traders with the tools and bonuses needed to succeed.

    To help traders capture these new opportunities, BexBack is offering:

    • 100x Leverage: Trade up or down with maximum flexibility.
    • Double Deposit Bonus: Get 100% bonus on every deposit over 0.001 BTC or 100 USDT.
    • $50 Welcome Bonus: Complete your first trade and receive a $50 USDT bonus — usable for trading and loss protection (not withdrawable).
    • No KYC Required: Start trading immediately with no identity verification.

    Bonus Details

    • 100% Deposit Bonus:
      • The bonus itself cannot be withdrawn directly.
      • However, profits generated using the bonus can be freely withdrawn.
      • The bonus can also serve as extra margin, reducing the risk of liquidation.
    • $50 Welcome Bonus:
      • Acts as loss protection for trading.
      • It is not directly withdrawable but can be fully used for trading activities.

    Why Choose 100x Leverage Futures Trading Now?

    • Profit From Falling Markets: Short and earn even in a bear market.
    • Amplify Profits With Less Capital: Trade large positions with minimal investment.
    • Efficient Capital Management: Free up funds for broader strategies.
    • Flexible Leverage Options: Choose from 25x, 50x, 75x, or 100x.
    • Easy Global Access: Trade anytime via web and mobile.

    About BexBack

    BexBack is a premier cryptocurrency derivatives platform offering 100x leverage on BTC, ETH, XRP, ADA, SOL, and more than 50 other major cryptocurrencies. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack holds a U.S. MSB (Money Services Business) license and has earned the trust of over 500,000 traders worldwide.

    • No deposit fees
    • Cold wallet fund protection
    • 24/7 multilingual customer support
    • Demo account with 10 BTC and 100,000 USDT for practice

    Register Today — Dominate the New Crypto Cycle!

    Don’t just survive the bear market — profit from it. Sign up on BexBack now, double your deposit, claim your $50 welcome bonus for trading protection, and enjoy 100x leverage with no KYC required!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. 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. 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.Speculate only with funds that you can afford to lose.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.

    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 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/ee0aebfe-90c4-4cd2-a708-74385492ed4d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8f9d764c-0923-4c8f-86e1-cdae727da08a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d39264e2-48e9-4d9d-8d59-c689c2149150

    https://www.globenewswire.com/NewsRoom/AttachmentNg/76b552a8-2e93-4fe6-915e-d416a5808878

    The MIL Network –

  • MIL-OSI USA: SEC Announces Agenda, Panelists for Roundtable on Crypto Trading

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its April 11 roundtable, “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.”

    “Hearing the public’s concerns and suggestions helps the SEC create a clear, sensible, and fair path forward for the crypto industry,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force. “I look forward to this roundtable and the rest of the series as we move toward crypto clarity for the benefit of the American public.”

    The roundtable, announced in March as part of a series, will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C. from 1 p.m. – 5 p.m. The event will be open to the public and webcast live on the SEC’s website. Doors will open at 12 p.m.

    For online attendance, registration is not necessary; a link to watch the event will be available on April 11 on www.sec.gov. For in-person attendance, please register here.

    Attendees will be able to submit suggestions and questions on note cards available in the lobby on the day of the event, or by emailing crypto@sec.gov during the event.

    To learn more about the Crypto Task Force and the roundtable topics, please visit the Crypto Task Force webpage.

    Agenda

    1 p.m. –

    1:20 p.m.

    Opening Remarks from the U.S. Securities and Exchange Commission:

    • Richard Gabbert, Chief of Staff, Crypto Task Force; Senior Advisor to the Acting Chairman
    • Acting Chairman Mark Uyeda
    • Commissioner Caroline Crenshaw
    • Commissioner Hester Peirce

    1:20 p.m. –

    3 p.m.

    Roundtable: Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading

    Moderator:

    • Nicholas Losurdo, Partner, Goodwin Procter LLP

    Panelists:

    • Tyler Gellasch, President and CEO, Healthy Markets Association
    • Jon Herrick, Chief Product Officer, New York Stock Exchange
    • Richard Johnson, CEO & Founder, Texture Capital
    • Dave Lauer, Co-Founder, Urvin Finance and We the Investors
    • Katherine Minarik, Chief Legal Officer, Uniswap Labs
    • Christine Parlour, Chair of Finance and Accounting, UC Berkeley
    • Chelsea Pizzola, Associate General Counsel, Cumberland DRW
    • Austin Reid, Global Head of Revenue and Business, FalconX
    • Gregory Tusar, VP, Institutional Product, Coinbase

    3 p.m. –

    3:30 p.m.

    Break

    3:30 –

    5 p.m.

    Regulatory Direction Discussion

    MIL OSI USA News –