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Category: Trade

  • MIL-OSI USA: Governor Newsom announces deployment of urban search and rescue task force teams to Texas

    Source: US State of California 2

    Jul 7, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the deployment of skilled Urban Search and Rescue Team members to Texas to assist with ongoing response efforts related to severe flooding impacts.

    “California stands with all those who have lost loved ones, homes, and livelihoods in the devastating aftermath of these summer floods in Texas. California is sending these specialized resources to support critical emergency response and recovery efforts.” 

    Governor Gavin Newsom

    In close coordination with FEMA, the California Governor’s Office of Emergency Services (Cal OES) is deploying these crews.

    “Cal OES is proud to deploy these experienced teams to help those in need in Texas,” said Cal OES Director Nancy Ward. “These search and rescue professionals have the training needed to navigate extreme conditions.”

    Potential exists for additional flood impacts in the area.

    These teams are highly experienced in major disaster rescue operations, including the September 11, 2001 attacks, the World Trade Center, Hurricane Katrina and Hurricane Rita, Hurricane Ian, the Camp Fire in Paradise, the Oklahoma City Bombing, and the Montecito Mudslides.

    This deployment does not impact California’s emergency response and firefighting capabilities.

    Press releases, Recent news

    Recent news

    Jul 7, 2025

    News What you need to know: California added area the equivalent of Glacier National Park to its conserved lands and coastal waters in just the last year – marking significant progress toward its goal of 30% conservation by 2030. SACRAMENTO – Governor Gavin Newsom…

    Jul 7, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments: Thanne Berg, of Albany, has been appointed Deputy Director of Site Mitigation and Restoration Program at the California Department of Toxic Substances Control. Berg has been Acting…

    Jul 7, 2025

    News Recovery moves into next phase with focused plan to fast-track reconstruction and support impacted communities What you need to know: Governor Newsom has announced that debris removal for the Los Angeles firestorm is now substantially complete just six months…

    MIL OSI USA News –

  • MIL-OSI Russia: Congratulations from Mikhail Mishustin on the Day of Family, Love and Fidelity

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Dear friends!

    I congratulate you on the Day of Family, Love and Fidelity.

    This holiday embodies centuries-old historical traditions and family values, where customs, knowledge and experience are passed on from parents to children.

    Today, support for birth rates and large families, care for the older generation, and improving the well-being of Russians are priorities of state policy. Active work in this direction is being carried out within the framework of the national project “Family”. Important social projects are being implemented in all regions of the country, significant events are being held aimed at improving demography and increasing life expectancy.

    We are proud of our country’s large families, labor and creative dynasties. With deep respect we honor the fathers and mothers of the fighters of the special military operation, who raised true patriots, courageously defending the national interests of the Fatherland.

    On this festive day, I would like to wish Russian families success, good health, happiness and prosperity.

    M. Mishustin

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: InvestHK signs MOU with Xi’an Hi-Tech Zone to foster Shaanxi-Hong Kong partnership in empowering enterprises’ global expansion (with photos)

    Source: Hong Kong Government special administrative region – 4

         Invest Hong Kong (InvestHK) today (July 8) cohosted the “Shaanxi-Hong Kong Collaboration: Leveraging Hong Kong Strengths to Support Shaanxi Tech Companies in Going Global” seminar in Xi’an, Shaanxi Province, in collaboration with the Hong Kong and Macao Affairs Office of the Shaanxi Provincial People’s Government and the Shaanxi Association for Science and Technology. The event was also co-organised by the Hong Kong Economic and Trade Office in Chengdu (CDETO), the Hong Kong Special Administrative Region (HKSAR) Government’s Shaanxi Liaison Unit, Shaanxi Province Xixian New Area Development and Construction Management Committee, and the Xi’an High-Tech Industries Development Zone Management Committee.
          
         The Director of the CDETO, Mr Enoch Yuen; the Director-General of the Hong Kong and Macao Affairs Office, Shaanxi Provincial Government, Ms Yao Hongjuan; and Vice President of the Shaanxi Association for Science and Technology Mr Lv Jianjun delivered welcome remarks to guests and the media. Mr Yuen said, “The National 14th Five-Year Plan explicitly designates Hong Kong as an international innovation and technology hub, while Shaanxi serves as a key national base for technology and industry, with strong capabilities in energy and chemical engineering, equipment manufacturing, and aerospace, among others. Both Hong Kong and Shaanxi place great importance on the development of the innovation and technology industry, and frequent high-level exchanges between the two places have continued to deepen in recent years. We look forward to deeper collaboration, leveraging Hong Kong’s strengths in taxation, finance, and global connectivity, while combining them with Shaanxi’s strong industrial foundation and innovative vitality, to achieve a mutually beneficial partnership.”
          
         Ms Yao stated that efforts will be made to actively promote and deepen economic, trade, and investment co-operation between Shaanxi and Hong Kong, particularly in the fields of innovation and technology, as well as new quality productive forces. These efforts aim to help enterprises in both regions seize development opportunities and achieve complementary advantages. Mr Lv also delivered remarks at the event.
          
         One of the key highlights of the event was the signing of a Memorandum of Understanding (MOU) between InvestHK and the Xi’an High-Tech Industries Development Zone Management Committee, marking a solid step forward for Shaanxi and Hong Kong in promoting the international development of enterprises in the central and western regions.
          
         Xi’an High-tech Zone is one of the first national high-tech zones approved by the State Council. In 2024, Xi’an High-tech Zone ranked fifth in the country and first in the central and western regions in the comprehensive evaluation of national high-tech zones. The zone focuses on developing innovative industries such as optoelectronic information, smart manufacturing, biomedicine, automobiles, new materials and energy. It has successfully built two “hundred-billion-level industrial clusters” in the automobile industry and electronic information. At present, the zone has become the world’s largest production base for flash memory chips and new energy vehicles.
          
         Under the MOU, the Xi’an High-Tech Industries Development Zone Management Committee will encourage enterprises in the zone to utilise Hong Kong as a base for expanding overseas business. InvestHK will provide enterprises with information on the business environment and policies in Hong Kong, as well as support services for companies investing and operating in Hong Kong. The signing of this MOU establishes a structured collaboration framework, combining Hong Kong’s unique strengths as an international financial centre and Xi’an High-Tech Zone’s innovation capabilities to empower enterprises in accessing global resources efficiently and seizing early opportunities in international markets.
          
         The Head of the Go Global Unit/Business and Talent Attraction/Investment Promotion of Western China of InvestHK, Mr Jason Gan, and the Director of the Science and Technology Innovation Bureau of the Xi’an High-Tech Industries Development Zone, Mr Gao Yuntian, signed the memorandum of co-operation on behalf of their respective sides. Mr Gan said after the signing, “There are tremendous opportunities for co-operation between Shaanxi and Hong Kong in developing new quality productive forces and contributing to China’s high-quality development. As a vital bridge between the Mainland and international markets, Hong Kong has long been committed to providing comprehensive support for Mainland innovation-driven enterprises. We hope to further leverage the complementary advantages of the two places to assist high-quality enterprises in the zone to go global via Hong Kong, and work together to explore new innovative co-operation.”
          
         The Head of Innovation & Technology of InvestHK, Mr Andy Wong, delivered a keynote speech and highlighted Hong Kong’s competitive edge in the I&T sector. “We possess a number of competitive advantages in developing innovation and technology, including world-class academic research and talent, cutting-edge R&D infrastructure, robust intellectual property protection, and the strong support of the HKSAR Government. In 2024, InvestHK supported 120 innovation and technology companies to set up or expand in Hong Kong, making it the top sector among those we assisted. This reflects the international community’s confidence in and recognition of Hong Kong’s I&T development, and further affirms the city’s strategic role as a two-way platform between the Mainland and global markets. Hong Kong’s innovation and technology sector has recently made remarkable progress in several areas. For example, the first batch of regulatory sandbox pilot projects for the low-altitude economy has been launched, serving as a new engine for Hong Kong’s future development. In addition, the city’s new drug approval mechanism has been updated to accelerate the market entry of new pharmaceuticals. I sincerely hope that I&T enterprises in Shaanxi will seize the diverse opportunities offered by Hong Kong to expand into international markets,” he said.

         Senior Manager of the Leasing and Operations Department of Hong Kong-Shenzhen Innovation and Technology Park Limited Mr Tandy Tan and Associate Director of the Research and Innovation Office of Hong Kong Polytechnic University Mr Victor Zhao also shared the opportunities of the Hong Kong Innovation and Technology Center and highlighted Hong Kong’s R&D capabilities in empowering new quality productive forces raised from Hong Kong universities. Deputy Director of the Science, Technology Innovation and New Economy Bureau, Shaanxi Province Xixian New Area Ms Han Ping also shared the latest developments on Shaanxi’s I&T industry construction centre.
          
         This event featured a panel discussion with industry leaders from professional services in Hong Kong, especially in financial professional services. Guest speakers from Hong Kong Exchanges and Clearing Limited, HSBC and Deloitte Tax shared insights on how Hong Kong’s financial and professional services can accelerate Mainland firms’ global expansion.
          
         The seminar included a dedicated exchange session to provide on-site consulting services for corporate representatives interested in expanding to Hong Kong. The event attracted 190 representatives from Shaanxi enterprises, institutions and local media.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hong Kong Customs detects smuggling case by river trade vessel involving goods worth about $34 million (with photo)

    Source: Hong Kong Government special administrative region – 4

    Hong Kong Customs on June 27 detected a suspected smuggling case involving a river trade vessel. A large batch of suspected smuggled goods with a total estimated market value of about $34 million was seized.

    Through intelligence analysis and risk assessment, a river trade vessel departing from Hong Kong for Macao was selected for inspection on June 27. Upon examination, Customs officers onboard the vessel found a large batch of suspected smuggled goods, including about 570 000 suspected pharmaceutical products, about 1 500 kilograms of dried shark fins, about 47kg of shisha tobacco, about 42kg of bird’s nests, about 38kg of cigars and 1 380 mobile phones.

    An investigation is ongoing. The likelihood of arrests is not ruled out.

    Being a government department primarily responsible for tackling smuggling activities, Customs has long been combating various smuggling activities on all fronts. Customs will keep up its enforcement action and continue to resolutely combat sea smuggling activities through proactive risk management and intelligence-based enforcement strategies, and carry out targeted anti-smuggling operations at suitable times to crack down on relevant activities.

    Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years upon conviction.

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

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Speech by CE at South China Morning Post China Conference 2025 (English only) (with photos/video)

    Source: Hong Kong Government special administrative region – 4

         Following is the speech by the Chief Executive, Mr John Lee, at the South China Morning Post China Conference 2025 today (July 8):

    Ms Catherine So (Chief Executive Officer of the South China Morning Post), Ms Tammy Tam (Editor-in-Chief of the South China Morning Post), Mr Steve Finch (President and Chief Executive Officer of Manulife Asia), distinguished guests, ladies and gentlemen, 

    Good morning. It’s a pleasure to join you here, once again, at the South China Morning Post’s annual China Conference – the 11th edition.

    More than 700 of you are here for this year’s gathering. Some 300s are joining us, virtually, at this forum for business, trade, finance, investment and technology. All of you keen on getting the latest intelligence and insights, developments and business opportunities – in Hong Kong, throughout China and beyond. 

    The theme of this China Conference is “Where Capital Meets Innovation” – an apt description of the strengths of China, our country, and how Hong Kong contributes to its rise. That provides the world with much-needed certainty, especially in this difficult time.

    This year’s international trade uncertainties, and chaos, may well continue amidst the rise of protectionism and unilateralism. The global economy is grappling with profound instability, escalating geopolitical risks and the wholesale reshaping of long-existing trading systems.

    In spite of a damaged global trade order, the expanding trade and capital flows of China, our country, help buoy the economy of the region and the world.

    The Mainland economy has sound fundamentals, a vast domestic market and the robust policies in place to withstand external challenges. In the first quarter of this year, the country’s GDP (Gross Domestic Product) grew by 5.4 per cent, and key economic indicators have kept improving since the beginning of the second quarter – simply said, China, our country, is well on its way to achieving the official growth target of around 5 per cent for 2025.

    As for Hong Kong, our economy expanded solidly by 3.1 per cent in the first quarter of 2025, supported by visible increases in exports and the resumption of moderate growth in overall investment expenditure. We forecast real GDP growth of 2 per cent to 3 per cent in this year.

    Last week, we celebrated the 28th anniversary of the Hong Kong Special Administrative Region’s establishment. That happy occasion was a welcome opportunity to thank our country for championing Hong Kong through the “one country, two systems” principle, as well as the national strategies and made-for-Hong Kong initiatives it supports us with.

    Last month, the World Competitiveness Yearbook ranked Hong Kong third in the world in global competitiveness, up two places from the previous year, and up four places from 2023.

    It marks Hong Kong’s return to the global top three for the first time since 2019, reflecting our commitment to change in face of today’s rising challenges.

    There’s a lot more to be grateful for. In April and May, Hong Kong’s merchandise exports showed double-digit, year-on-year growth, while visitor arrivals also brought double-digit, year-on-year increases in the second quarter.  

    And Hong Kong, in the first half of this year, has been the world’s largest IPO (initial public offering) fundraising market, raising over US$13 billion. That’s up a whopping 22 per cent, compared with the full-year figure last year.

    It speaks of Hong Kong’s long-standing appeal as a safe haven for Chinese and international capital and a bridge for global investors. 

    Hong Kong is, after all, the most internationalised city in the country. We offer the world a market-friendly business environment underpinned by the rule of law. We are the only common law jurisdiction in our country, with a legal system and regulatory regime similar to most global financial hubs. And we present business and investment advantages unmatched by any other city in the world.

    Last year, the total number of local registered companies reached its record high, surpassing 1.46 million. And the total number of non-local companies registered here also reached a record high, and was over 15 000. Both figures continue to show encouraging growth this year. 

    Since January 2023, Invest Hong Kong, our dedicated investment promotion agency, has assisted more than 1 300 Mainland and overseas companies in setting up or expanding their business in Hong Kong. These companies bring in foreign direct investment of over US$21 billion to our economy, creating over 19 000 jobs.

    When I assumed office as Chief Executive three years ago, I established the Office for Attracting Strategic Enterprises. My aim is to offer, through this Office, one-stop facilitation services and  tailor-made incentives to attract strategic enterprises to our city and foster innovation and economic growth. 

    The Office has brought in 84 strategic companies, from such high-tech industries as advanced manufacturing and new energy technology, AI and data science, fintech and life and health technology. The strategic companies will invest about US$6.4 billion in the next few years, creating over 20 000 jobs. 

    We also launched a new scheme in May this year to create a company re-domiciliation regime to attract companies to Hong Kong. It provides a convenient, safe and secure pathway for companies to re-domicile to Hong Kong. Different companies have already expressed their interest to the regime and two international insurance giants – as Mr Finch is surely aware – have announced they will officially re-domicile to Hong Kong. Good business always makes right decisions.

    These companies all gave their strong vote of confidence in the development of Hong Kong and the country, and will help attract a wealth of partners and related companies to this part of the globe.

    Another strong advantage Hong Kong offers to overseas companies here, old or new, is our easy access to the Mainland market. We are certainly a front runner in this regard. 

    That’s in no small part thanks to the Mainland and Hong Kong Closer Economic Partnership Arrangement, or CEPA, our de facto free trade agreement with the Mainland that provides preferential treatment to Hong Kong companies, facilitating smoother access to the Mainland’s vast market.

    A new amendment agreement under the CEPA Agreement on Trade in Services entered into force this March. It includes the removal of the qualifying period requirement on Hong Kong service suppliers in most sectors, meaning our many new companies can also benefit from the arrangement’s facilitation measures in accessing the Mainland market.

    Together with new initiatives that allow Hong Kong-invested enterprises to adopt Hong Kong law and choose Hong Kong as the seat for arbitration in their operation in a range of Mainland cities, CEPA provides a wide range of innovative enhancements that help a world of investors better capitalise on China’s growth opportunities, with the help of Hong Kong’s world-class professional services.

    Then there’s technological innovation, including artificial intelligence. AI advancements are transforming production, business and consumption patterns. They are redefining the core competitiveness of economies.

    These trends create new opportunities for Hong Kong, particularly in our deepening integration with the Guangdong-Hong Kong-Macao Greater Bay Area, a cluster city development that brings together Hong Kong, Macao, and nine southern cities on the Mainland.

    With a population exceeding 87 million and a GDP of more than US$2 trillion last year, similar to the size of the 10th largest economy in the world, the Greater Bay Area is among the most open and economically vibrant regions in the country. 

    The Shenzhen-Hong Kong-Guangzhou science and technology cluster, which includes three of the Greater Bay Area’s core cities, has been ranked second, globally, for five consecutive years in the Global Innovation Index, published by the World Intellectual Property Organization. 

    Drawing together Hong Kong’s research capabilities and business competitiveness, as well as the Mainland’s innovation and advanced manufacturing prowess, the Greater Bay Area endeavours to become a world-leading I&T (innovation and technology) hub.

    One spectacular example is the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, an area that straddles our boundary with Shenzhen. It will develop into a cutting-edge advanced technology centre that converges the strengths of Hong Kong and Shenzhen. Last November, the HKSAR (Hong Kong Special Administrative Region) Government published the Development Outline for the Hong Kong Park in the co-operation zone.

    The Park’s first three buildings have been completed, and the Greater Bay Area International Clinical Trial Institute opened last November at Hong Kong Park.

    That’s just the beginning. Artificial intelligence, new energy vehicles, the low-altitude economy, fintech, and more, are thriving in the Greater Bay Area. And as the Park enters into the operational phase this year, more of these companies will be joining us.

    Beyond I&T, we have seen the successful introduction of a wide variety of policy initiatives with the Greater Bay Area, including measures for the two-way flow of talent, schemes for supporting youth innovation, entrepreneurship and employment, and policies to facilitate mutual travel.

    And the promise of further co-operation between Hong Kong and the rest of the Greater Bay Area and the Mainland is boundless.

    Ladies and gentlemen, when we talk of China’s might, many of us immediately look to the maiden visit to Hong Kong over the past weekend of the first domestically built aircraft carrier of China, our country, the Shandong. Although the fleet has just bid us farewell yesterday, the awe and pride it drew among the people of Hong Kong over its five-day visit will be long-lasting.

    More than a display of maritime strength, the fleet showcases our country’s commitment to peacekeeping and regional stability. And much like how the Shandong docked in our safe harbour, Hong Kong is where the country anchors its trust.

    In this era of fogged horizons, China does not just project power – it radiates investible stability. And Hong Kong is the “super connector” and “super value-adder” that links the world with opportunities from China’s growth and certainties. A link you can always bank on.

    Amid an ever changing geopolitical landscape and constantly escalating uncertainties, Hong Kong is the place that promises security and development. This certainty of security and development is precisely what a world of investors need and thirst for. 

    Together, we will fully seize development opportunities, keep boosting our competitiveness, undertake reforms for progress, and foster innovation. The wisdom and wealth of experience of the people of Hong Kong will help the Pearl of the Orient shine brighter than ever on the world stage.

    My thanks to the South China Morning Post for organising this essential, always eventful, annual gathering. 

    I wish you all a rewarding conference. And the best of business in the second half of 2025, a year that will surely be full of opportunities and rewards. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SJ commences European visit in Netherlands (with photos)

    Source: Hong Kong Government special administrative region – 4

         The Secretary for Justice, Mr Paul Lam, SC, began his European visit in Amsterdam, the Netherlands, on July 6 (Amsterdam time). He met with international organisations, judges from the International Court of Justice (ICJ), government officials and the local business community to promote Hong Kong’s legal system and services, and its development as an international legal and dispute resolution centre in the Asia-Pacific region.
     
         Upon his arrival, Mr Lam met with Hong Kong people and overseas Chinese organisation representatives living in the Netherlands and Luxembourg to learn about their work and life, and shared with them the latest developments of Hong Kong in various areas.
     
         After arriving at The Hague on July 7, Mr Lam visited the Hague Conference on Private International Law (HCCH) and met with the Secretary General of the HCCH, Dr Christophe Bernasconi. Mr Lam thanked the HCCH for its support for the secondment programme of legal professionals of the Department of Justice (DoJ) and exchanged views on further strengthening the co-operation between the DoJ and the HCCH, including hosting an international conference about the Hague Conventions during the DoJ’s flagship event – Hong Kong Legal Week in December this year.
     
         Mr Lam then met with the Secretary General of the Ministry of Justice and Security of the Netherlands, Ms Anneke Van Dijk, and officials to introduce the latest developments of Hong Kong and discuss issues such as the development and direction of international legal co-operation.
     
         Afterwards, Mr Lam had a lunch meeting with the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Kingdom of the Netherlands, Mr Tan Jian. Mr Lam thanked the Central Government for supporting the Hong Kong Special Administrative Region to actively participate in meetings of international organisations as part of the Chinese delegation, providing opportunities for Hong Kong legal talent from the public and private sectors to take part in various projects of the HCCH. He said that the DoJ will continue to strengthen international legal talent training, as well as exchanges and co-operation with international organisations to contribute to the promotion of the country’s contribution to the development of international rule of law.
     
         In the afternoon, Mr Lam visited the ICJ of the United Nations and met with the President of the ICJ, Mr Yuji Iwasawa, to exchange views on the latest developments in international dispute resolution, including the establishment of the International Organization for Mediation with its headquarters in Hong Kong. They also shared views on the training of international legal experts and professionals. Mr Lam then visited the Permanent Court of Arbitration (PCA) and met with the Secretary-General of the PCA, Dr Marcin Czepelak, to discuss the co-operation between the DoJ and the PCA in the fields of capacity building and international law.
     
         In the evening, Mr Lam attended a business seminar and dinner organised by the Netherlands Hong Kong Business Association with the support of the Hong Kong Economic and Trade Office in Brussels and Invest Hong Kong. Speaking at the seminar, Mr Lam shared with about 100 participants Hong Kong’s distinctive advantage of enjoying the strong support of the motherland while being closely connected to the world under the “one country, two systems” principle. He stressed that Hong Kong’s legal system is credible and reputable, user-friendly, and closely tied with Mainland China and other parts of the world. These elements make Hong Kong’s legal system exceptional among other common law peers.
     
         Mr Lam will go to Paris for the second leg of his European visit today (July 8, Amsterdam time).

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on tackling China’s critical raw materials export restrictions – B10-0329/2025

    Source: European Parliament

    B10‑0329/2025

    European Parliament resolution on tackling China’s critical raw materials export restrictions

    (2025/2800(RSP))

    The European Parliament,

    – having regard to its previous resolutions on EU-China relations,

    – having regard to Regulation (EU) 2024/1252 of the European Parliament and of the Council of 11 April 2024 establishing a framework for ensuring a secure and sustainable supply of critical raw materials and amending Regulations (EU) No 168/2013, (EU) 2018/858, (EU) 2018/1724 and (EU) 2019/1020[1] (Critical Raw Materials Act),

    – having regard to the rules of the World Trade Organization (WTO) and the principles of free, fair, and rules-based trade,

    – having regard to WTO dispute settlement rulings DS431, DS432 and DS433 on China’s rare earth export restrictions,

    – having regard to the G7 critical minerals action plan,

    – having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas on 4 April 2025, China’s Ministry of Commerce imposed export restrictions on magnets and seven rare earth elements (REEs): samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium;

    B. whereas China’s new export licensing process for rare earth elements results in significant delays, has negative impacts on supply chains and threatens imminent stoppages for production in certain sectors; whereas it is also forcing industry to disclose sensitive information reaching beyond standard licensing processes;

    C. whereas China’s new export restrictions further undermine its reliability as a supplier for EU industry; whereas delays and difficulties in obtaining customs clearance arise even when licences are granted;

    D. whereas China’s decision to start issuing export licences for rare earth elements and magnets to some European companies represents only temporary relief and falls significantly short of a systemic solution;

    E. whereas these new export restrictions represent just the latest development in China’s increased use of unilateral controls on exports that are broader in scope than the multilateral export controls and do not have a clear security rationale;

    F. whereas China introduced export restrictions on gallium and germanium in August 2023, and further export restrictions on graphite in December 2023;

    G. whereas China has, in the past, already been found in breach of its WTO Accession Protocol commitments and Article XI(1) of the General Agreement on Tariffs and Trade for introducing unjustified export restrictions on REEs; whereas this demonstrates a clear pattern of action;

    H. whereas China’s use of export restrictions is a clear example of its exploitation of its dominance of the global critical raw materials market and economic blackmail, resulting in supply chain disruptions;

    I. whereas 100 % of the EU’s supply of heavy REEs comes from China; whereas the EU’s general dependency on critical raw materials from China remains a major threat to the EU’s economy and resilience and a cause for concern;

    J. whereas the EU faces the complex challenge of securing a sustainable supply of critical raw materials while adhering to its environmental and societal commitments;

    K. whereas the EU’s demand for critical raw materials is surging and is projected to rise further, due among other things to developments in the defence sector, as well as the digital and energy transitions;

    L. whereas the shift in energy policy has increased demand for previously underutilised resources, including REEs, as well as ‘conventional’ commodities such as copper, nickel, cobalt and lithium; whereas, additionally, the shift has heightened the need for metals and metalloids, including gallium, germanium, selenium, indium and tellurium, which are often only obtained as by-products during the extraction of primary commodities and have low recycling rates, further complicating their supply chain and availability;

    M. whereas apart from raw material extraction, China is also increasing its dominance of critical raw materials markets through refining and processing; whereas 94 % of the Australian production of lithium minerals and 99 % of the Congolese production of cobalt goes to China for refining; whereas China imports 67 % of the world’s supply of manganese ore, and exports 70 % of the world’s refined manganese;

    N. whereas China’s political objective is to secure access to raw materials in other countries and strengthen its dominance in global markets; whereas China has been accused of demanding exclusive access to resources as a condition for investment through its Belt and Road Initiative, which invests heavily in resource-rich countries; whereas such conditions reinforce monopsony power and accentuate concentration, thus making critical raw materials markets less resilient;

    1. Expresses serious concern about the People’s Republic of China’s unjustified use of unilateral export controls on critical raw materials, including its latest measures targeting seven rare earth materials and magnets; deplores China’s weaponisation of critical raw materials and its use of market dominance for geopolitical leverage;

    2. Calls on the People’s Republic of China (PRC) to immediately remove these rare earths and related products from its control list, thereby restoring a stable, predictable and sufficient supply;

    3. Condemns the PRC’s coercive economic and trade practices and calls for swift, coordinated and proportionate responses to its systematic use of trade dependencies as a tool of influence; emphasises that such practices extend beyond critical raw materials, affecting a wide range of strategic sectors;

    4. Notes with concern that for a large number of raw materials, the supply risk for Europe has gone up significantly[2]; believes that an increasing supply risk over time is symptomatic of Europe’s growing reliance on raw materials from a limited number of suppliers located in countries with governance and/or trade risks, its lack of progress in research and development targeting substitute materials, and the inability of current recycling practices to meet growing demand;

    5. Recognises the need to diversify supply chains for raw materials as a critical measure to enhance economic resilience, reduce strategic dependencies and ensure stable access to essential inputs in the face of geopolitical and market disruptions; calls strongly for the EU and its Member States to closely cooperate with global allies and like-minded partners in order to counteract abusive and distortive practices in the critical minerals sector; welcomes, in that respect, the G7 critical minerals action plan, announced following the 50th G7 summit that took place in June 2025;

    6. Recalls that the EU’s Critical Raw Materials Act will establish a framework for ensuring a secure and sustainable supply of critical raw materials, for example by identifying critical and strategic raw materials, setting benchmarks for domestic production and promoting improved circularity; Calls, in this respect, for the provisions of the Act to be implemented in full;

    7. Emphasises the need to step up domestic extraction of raw materials in the EU; notes that mineral extraction within the EU operates under stricter regulation than in most other countries globally; stresses that this, coupled with shorter and more secure supply lines to EU customers, offers distinct advantages, including enhanced economic resilience and a reduced carbon footprint associated with raw material sourcing;

    8. Expresses concern about the negative public perception of extraction projects in Europe; stresses that this demonstrates a clear disconnect between EU policymakers and local populations, as well as other stakeholders, regarding the implementation of energy and climate policies, as the green transition and the move away from fossil fuels require increased production of many raw materials and the establishment of secure supply chains; regrets that a number of mining projects in Europe, for example for lithium, have been significantly delayed or entirely cancelled due to public opposition; notes that while all human activities, mining included, have some degree of impact on the environment, the European mining sector has made substantial progress in developing methods and implementing strategies to mitigate its environmental footprint, balancing the need for resource extraction with responsible stewardship of the natural environment;

    9. Notes that the complexity of the EU’s mineral raw materials legislation is additionally exacerbated by the requirements of EU nature protection regulations, such as the Nature Restoration Regulation[3], which also limit the availability of land for mining activities, as extractive projects will likely face stricter environmental assessments, and areas designated for restoration may be off-limits to mining projects;

    10. Draws attention to the fact that China not only produces the vast majority of critical raw materials, but also controls a significant portion of global processing capacity; notes, in this regard, that in order to resolve its supply problem, the EU, apart from gaining access to resources from a wider variety of countries and developing its own EU domestic resources, needs to (re-)establish processing capacity within Europe;

    11. Instructs its President to forward this resolution to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Council and the Commission.

    MIL OSI Europe News –

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on tackling China’s critical raw materials export restrictions – B10-0332/2025

    Source: European Parliament

    B10‑0332/2025

    European Parliament resolution on tackling China’s critical raw materials export restrictions

    (2025/2800(RSP))

    The European Parliament,

    – having regard to Regulation (EU) 2024/1252 of 11 April 2024 on establishing a framework for ensuring a secure and sustainable supply of critical raw materials (the Critical Raw Materials Act)[1],

    – having regard to Regulation (EU) 2024/1735 of 13 June 2024 on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724[2] ,

    – having regard to the upcoming EU-China summit on 24-25 July 2025,

    – having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas China dominates in rare earth refining, especially in heavy rare earth elements; whereas China accounts for roughly 70 % of global rare earth mining and over 90 % of the world’s refining capacity; whereas China holds a near monopoly over the global supply chain of several critical minerals, particularly rare earth elements (REEs) and other minerals that are vital for high-tech applications like powerful magnets;

    B. whereas critical minerals and REEs are crucial for both the green and digital transitions, owing to their essential role in enabling technologies in areas including renewable energy, electric vehicles, advanced electronics and defence;

    C. whereas the global demand for REEs, which are critical materials for various technologies including clean energy, is surging, with a significant increase projected for the coming years;

    D. whereas on 4 April 2025, in response to US President Donald Trump’s tariff increases on Chinese products, China imposed export restrictions on 7 of the 17 REEs: samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium;

    E. whereas on 27 June 2025, Washington and Beijing announced a new trade framework, under which China would resume approving export licences for REEs over the following six months;

    F. whereas the new rare earth restrictions are already causing export delays (of up to 45 days for processing a licence application, with additional time needed if the state council or military has to be consulted) as the Chinese Government establishes the licensing system;

    1. Expresses deep concern about and strongly criticises China’s recent and unjustified export restrictions on rare earth materials and magnets, which are crucial for European industries such as automotive manufacturing, renewable energy and defence;

    2. Notes with concern that the EU, which is not responsible for starting the ongoing trade dispute between the United States and China, is nonetheless bearing its economic consequences and should not become collateral damage in this conflict;

    3. Recalls that conservation policies do not allow members of the World Trade Organization to adopt measures to control the international market for a natural resource, which is what the export restrictions do; expresses the view that China’s export restrictions are designed to achieve industrial policy goals rather than conservation; underlines that the export quotas do not work together with measures restricting domestic Chinese use of rare earths, as required by the second part of Article XX of the General Agreement on Tariffs and Trade (GATT) 1994, and are therefore intended to secure preferential use of those materials for Chinese manufacturers;

    4. Calls on China to lift the restrictions and urges both the Commission and the Member States to take a firm and unified stance and engage with the Chinese authorities to seek a structural solution for these unjustified restrictions, which are undermining the global green and digital transitions; calls on the Commission and the Council to address the issue with the Chinese authorities in the upcoming EU-China summit on 24-25 July 2025, with a view to restoring a level playing field as well as securing the lifting of Chinese sanctions against former MEPs and think tanks;

    5. Stresses, however, that the EU must firmly reject any attempts by the Chinese authorities to use these restrictions as a tool of coercion to force concessions in ongoing disputes on other unfair practices, such as the anti-dumping duties on battery electric vehicles;

    6. Is concerned that this may lead to an unfair trade-off between export restrictions and access to European technological know-how, undermining our industrial competitiveness and strategic autonomy;

    7. Urges the Commission to mitigate the risks of the EU’s overdependence on China for critical REEs and regrets that, despite the good intentions and policy initiatives of the Critical Raw Materials Act, the EU’s dependence on China for critical raw materials has continued to grow or, at best, remains stubbornly high;

    8. Underlines the need for a clear strategy to ensure the long-term security of supply by focusing on diversification, increased domestic production and the circular economy, with robust recycling infrastructure at its core for the recovery of critical minerals from end-of-life products;

    9. Calls on the Commission to make full use of the Clean Industrial Deal to build strategic partnerships with resource-rich countries, strengthen domestic capabilities in extraction, processing and recycling, and reduce reliance on single suppliers;

    10. Emphasises the need to secure access to critical raw materials; stresses that the upcoming circular economy act should improve resource efficiency, including through better waste management of products containing critical raw materials, as well as fostering the demand and availability of secondary raw materials; stresses the need to define those secondary raw materials that are strategic and that should be subject to export monitoring, such as steel and metal scrap, and to tackle any imbalance in their supply and demand, including by exploring export restrictions; insists on the effective enforcement of the Waste Shipment Regulation[3];

    11. Welcomes the critical minerals action plan agreed at the G7 leaders’ summit in June 2025;

    12. Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the governments and parliaments of the Member States and the Government of the People’s Republic of China.

    MIL OSI Europe News –

  • MIL-OSI: Prosafe SE: Share capital decrease completed

    Source: GlobeNewswire (MIL-OSI)

    8 July 2025 – Reference is made to the stock exchange announcement made by Prosafe SE (the “Company“) on 16 May 2025 regarding the extraordinary general meeting’s resolution to decrease the share capital of the Company by EUR 22,157,127.24, from EUR 22,335,813.75 to EUR 178,686.51, through a decrease of the nominal value of each share in the Company by EUR 1.24, from EUR 1.25 to EUR 0.01.

    The resolution was published by the Norwegian Register of Business Enterprises on 22 May 2025 and followed by a six-week creditor notice period, which was completed without creditor objections.

    The share capital decrease has today been registered as completed by the Norwegian Register of Business Enterprises. Following the share capital decrease, the share capital of the Company is EUR 178,686.51, divided into 17,868,651 shares, each with a nominal value of EUR 0.01.

    For further information, please contact:

    Terje Askvig, CEO

    Phone: +47 952 03 886

    Reese McNeel, CFO

    Phone: +47 415 08 186

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the requirements of Oslo Børs’ Continuing Obligations.

    The MIL Network –

  • MIL-OSI Africa: Protecting our environment, creating opportunities 

    Source: Government of South Africa

    By Bernice Swarts 

    South Africa continues to face a host of interconnected socioeconomic and environmental challenges. These include the triple challenges of inequality, poverty, and unemployment, which are further compounded by climate change, biodiversity loss, and pollution. 

    These threats are not theoretical — they are realities already affecting our families and communities, especially the most vulnerable. Yet, within these challenges lie opportunities, and our department is taking bold steps to transform policy into real, life-changing action.

    National Dialogue 

    Over the past 30 years, we have made great strides as a nation – expanding freedom, deepening democracy and building a better life for millions. Yet we also face persistent challenges: inequality, unemployment, social divisions and a growing disconnect between citizens and institution. In this spirit, President Cyril Ramaphosa has called for an inclusive National Dialogue – a people-led, society-wide process to reflect, reset and reimagine South Africa’s future. The National Dialogue is a chance for all South Africans, from all walks of life, to come together and help shape the next chapter of our democracy. 

    At this point I wish to also express my support for the planned National Dialogue as a forum to unite South Africans behind a shared vision and approach towards addressing structural challenges as a result of the apartheid legacy. 

    For the Department of Forestry, Fisheries and the Environment, the National Dialogue presents an opportunity to engage meaningfully with all South Africans — particularly youth, women, and persons with disabilities — about the socioeconomic opportunities available within our sector. 
    We believe the outcomes of this important national engagement must translate into practical solutions that enable our people to contribute and benefit meaningfully from the work we do as both a department and a government.

    One Million Trees in One Day

    Under the Presidential Flagship “Ten Million Trees Programme,” our department has set out to do something remarkable – plant 1 million trees in one day under the rallying call, “My Tree, My Oxygen. Plant Yours Today,” we invite every South African — from schoolchildren to corporates — to participate.

    This isn’t just a symbolic act. It’s a movement for environmental justice and climate resilience. Trees are nature’s air purifiers, carbon sinks, and shelters for biodiversity. We are in the final year of this programme, and with renewed vigour, we’re mobilising every corner of society to ensure we meet and exceed our target.

    Small-Scale Fisheries – Voices from the Coastline

    Our oceans offer abundant resources, but for too long, small-scale fishers have been left behind. That’s why we convened the Small-Scale Fishing Co-operatives Summit in Mthatha in May. We heard firsthand about the struggles fishers face: poor infrastructure, limited market access, and lack of support.

    The summit wasn’t just a talk-shop. It was a collective turning point. We are now developing technical support packages, mentorship programmes, and policy enhancements to bring dignity and sustainability to the sector. When fishing co-ops thrive, entire coastal communities thrive.

    Tackling E-Waste: A Crisis Turned Opportunity

    Did you know that South Africa generates over 360,000 tons of electronic waste each year? Shockingly, only about 10% of that is properly recycled. The rest — from broken TVs to outdated cellphones — ends up in our landfills or is dumped illegally, contaminating soil and water and endangering our ecosystems.

    To combat this, the Department of Forestry, Fisheries and the Environment (DFFE) has rolled out a groundbreaking e-Waste Recycling Pilot Project. Launched in Limpopo, Mpumalanga and North West, the project has already collected over 30 tons of e-waste from rural municipalities. This isn’t just about waste removal — it’s about building a circular economy, holding producers accountable through Extended Producer Responsibility regulations, and creating green jobs.

    Importantly, this initiative comes as South Africa assumes the G20 Presidency, where we have identified the circular economy and waste management as priorities. 

    Supporting Communities Through Forestry

    Transformation in the Commercial Forestry Sector is no longer aspirational — it is underway. The DFFE is transferring eight state-owned plantations to local communities through Community Forestry Agreements. Alongside this, we’re providing post-settlement support, including business development, training, and job creation.

    This initiative alone is expected to generate over 7,000 work opportunities and 550 full-time jobs, especially in impoverished rural areas. It’s forestry with a human face — empowering people to become stewards of their own natural resources.

    Restoring Biodiversity, One Landscape at a Time

    Through the GEF7-funded Sustainable Land Management Project, we are actively reversing land degradation in Limpopo and the Northern Cape. We have trained 129 community champions, employed over 170 people, and cleared invasive species from vast grazing lands.

    Furthermore, our commitment to combating Desertification, Land Degradation and Drought (DLDD) is echoed on the global stage as a priority under our G20 Presidency.

    Infrastructure for Nature and People

    Our work isn’t only environmental — it’s infrastructural too. The Lowveld National Botanical Garden in Nelspruit, recently restored after flood damage, now boasts a new raised bridge and viewing deck. These are not mere cosmetic upgrades; they are symbols of resilience and investments in nature-based tourism that support SMMEs and jobs.

    Last year alone, the South African National Biodiversity Institute (SANBI) implemented over 50 infrastructure projects, while its Kids in Gardens programme reached more than 153,000 young people with environmental education. We are seeding not only trees, but a new generation of conservationists.

    Building a Just, Green Future

    Our collective mission is clear: we must transition to an environmentally sustainable, economically inclusive society. And that requires partnerships — across sectors, provinces, and people.

    As we deliver on our budget priorities, let us rally behind bold, practical and transformative action — from planting a tree to recycling e-waste to supporting a community forestry project. These aren’t just departmental initiatives. They are building blocks of a just transition that leaves no one behind.

    Together, let us restore our land, empower our people, and green our future.

    *Bernice Swarts is the Deputy Minister of Forestry, Fisheries and the Environment

    MIL OSI Africa –

  • MIL-OSI New Zealand: Tech Policy – Workers absent from government’s AI “strategy” – CTU

    Source: New Zealand Council of Trade Unions Te Kauae Kaimahi 

    The New Zealand Council of Trade Unions Te Kauae Kaimahi is concerned that the artificial intelligence (AI) “strategy” document released today by the Government ignores impacts on working people and replicates the corporate hype of Microsoft and other tech giants.

    “It is crucial that no workers are left behind as AI usage increases, and so it is deeply concerning that workers are absent from the document released by the Government today,” said NZCTU President Richard Wagstaff.

    “AI technologies do provide opportunities for improving productivity and the quality of service. But this will only happen if workers are actively engaged on the implementation and governance of these technologies.

    “Workers also need to be properly trained on how to use AI safely and productively, but the strategy released today fails to set out a coherent plan for achieving this.

    “Some workers, particularly in clerical and administrative roles, are at a high risk of being displaced by AI. We need to deliver a just transition for any workers negatively affected by AI by supporting them to retrain and find good work.

    “The strategy also skates over the very real risks that AI technologies pose for workers. This includes the severe health and safety risks associated with AI surveillance systems, productivity monitoring, and automated management.

    “The “light touch” approach proposed by the Government will do nothing to protect New Zealand workers from the serious risks posed by AI,” said Wagstaff.

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: Enhancement Arrangements for Offshore RMB Bond Repurchase Business announced by HKMA

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) announced today (July 8) enhancements to the offshore RMB bond repurchase (repo) business (Note 1), to facilitate the participation of Northbound Bond Connect investors in repo business. In particular, the enhancements include:

    1. Supporting the rehypothecation of bond collaterals during the repo period (Note 2):

    The offshore RMB repo business has been well received by the market since its official launch on February 10, 2025. In this initial phase, the bond collaterals acquired by participating institutions are locked and managed by the Central Moneymarkets Unit (CMU) platform and cannot be re-used during the repo period. In consultation with relevant Mainland authorities and taking into account industry feedback, we will allow rehypothecation of bond collateral during the repo period, bringing this into alignment with international market practice. The enhancement will facilitate more efficient use of collaterals, reduce the financing costs for market participants, and enhance the efficiency of liquidity management.

    In particular, bond collaterals can be re-used during the repo period in four specific use cases: a) for re-use in offshore repo transactions; b) as collateral for the HKMA’s RMB Liquidity Facility; c) as margin collateral at OTC Clearing Hong Kong Limited (OTCC); and d) for cash bond trading through Northbound Bond Connect. Participating institutions shall follow relevant policies and operational rules for the respective use cases when re-using the collateral (for instance, if the collateral is re-used in a new offshore repo transaction during the repo period, the participating institution should follow the latest arrangements of offshore RMB repo business as set out further below).

    2. Supporting cross-currency repo (including HKD, USD and EUR):

    At present, offshore RMB repo can only be settled in RMB. With the enhancement, settlement in other currencies (including HKD, USD and EUR) will be supported, with a view to facilitating participating institutions’ multi-currency funding activities by collateralising onshore RMB bond holdings, enriching their liquidity management tools, and hence increasing the attractiveness of onshore bonds.

    These two enhancement measures aim to adopt international market best practices and enhance operational efficiency. They will further expand the depth and breadth of the offshore repo market, improve the market-based mechanism for offshore RMB liquidity management, and broaden the use of onshore RMB bonds as collateral in the offshore market.

    The above arrangements will be officially launched on August 25, 2025.

    Latest Arrangements of Offshore RMB Repo Business

    To facilitate the smooth implementation of the enhancement measures, the latest arrangements for offshore RMB repo transactions (including repo transactions conducted using bond collateral acquired through a repo transaction) are set out as follows:

    1. Participating Institutions:

    All existing Northbound Bond Connect investors, including CMU members and offshore investors with CMU sub-accounts opened through Hong Kong custodian banks that are CMU members.

    2. Eligible Bonds:

    Bonds held by participating institutions under Northbound Bond Connect, and bond collaterals acquired through offshore repo transactions, regardless of bond type.

    3. Market Maker Arrangement:

    The 11 Primary Liquidity Providers designated by the HKMA (Note 3) will serve as market makers. Each repo transaction must involve at least one of these market makers as a counterparty.

    4. Transaction and Settlement Arrangements:

    (a) Master Agreement: Participants may choose their own repo agreement template (e.g., Global Master Repurchase Agreement (GMRA) or National Association of Financial Market Institutional Investors (NAFMII)’s Bond Repurchase Master Agreement, etc.).

    (b) Trading Arrangement: Transactions may be conducted:
     

    1. bilaterally over-the-counter;
    2. in the same manner as existing Northbound Bond Connect transactions, and via the linkage between the infrastructures in the onshore and offshore markets;
    3. through offshore electronic trading platforms; or
    4. through onshore electronic trading platform.

    (c) Settlement Arrangement: Settlement will be completed under the Repo Service by CMU. Settlement currencies include RMB, HKD, USD and EUR.

    5. Data Reporting:

    Market makers are required to report repo transaction data (Note 4) to the HKMA on the same day of the transaction for market monitoring purpose. The HKMA will further communicate with the market makers to finalise the reporting requirements and submission channels.

    The operational details for bond transfer and settlement will be announced by CMU separately. The HKMA will continue to closely monitor market conditions to ensure orderly market operations. The HKMA will also maintain communication with the industry and review and adjust the arrangements as appropriate to support the robust and sustainable development of offshore RMB business.

    Note 1: The HKMA announced the launch of offshore RMB bond repo business on January 13, 2025 (please refer to the HKMA press release). This measure was implemented on February 10, 2025.

    Note 2: Operational details will be announced by CMU later. Currently, the rehypothecation of bond collateral is only applicable to repo transactions settled in the Delivery versus Payment model. The timeline for CMU’s tri-party repo service to support the rehypothecation of bond collateral will be notified separately in due course.

    Note 3: Including 1) Agricultural Bank of China Limited, 2) Bank of China (Hong Kong) Limited, 3) Bank of Communications Co., Ltd., 4) BNP Paribas, 5) China CITIC Bank International Limited, 6) China Construction Bank (Asia) Corporation Limited, 7) Citibank, N.A., 8) Hang Seng Bank Limited, 9) The Hongkong and Shanghai Banking Corporation Limited, 10) Industrial and Commercial Bank of China (Asia) Limited and 11) Standard Chartered Bank (Hong Kong) Limited.

    Note 4: The specific information to be reported includes: names of the trading institutions (including both the repo party and the reverse repo party), total amount of funds borrowed by the repo party, bond name, bond code, repo term, total face value, repo rate, transaction/first settlement date, settlement amount, trading platform/means, default-related information etc.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Chinese Premier Calls for Commitment to Building Open Global Economy

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    RIO DE JANEIRO, July 8 (Xinhua) — Addressing the plenary sessions of the 17th BRICS summit on Sunday and Monday, Chinese Premier Li Qiang called for commitment to building an open world economy, opposed unilateralism and protectionism, and stressed the need to maintain stability and smooth operation of industrial and supply chains.

    At the plenary sessions, the Chinese premier also touched upon topics such as strengthening multilateralism, artificial intelligence, environmental protection and climate change, and global health. The sessions were attended by leaders of BRICS countries, partner countries, guest countries, and representatives of international organizations.

    Li Qiang noted that the current international economic and trade order and the multilateral trading system are facing serious challenges, and global economic recovery remains a difficult task. In expanding cooperation, BRICS should remain true to the founding purpose of the organization, meet the demands of the times, uphold and practice multilateralism, promote a fair and open international economic and trade order, join forces in the Global South, and make greater contributions to global stability and development, he said.

    According to the Prime Minister, when expanding cooperation, BRICS must support the basic principles of the World Trade Organization (WTO) and promote liberalization and simplification of trade and investment procedures.

    Mentioning the establishment of the China Cooperation Center for the Development of Special Economic Zones in the BRICS countries this year, Li Qiang expressed China’s readiness to work with all parties to build a network of practical cooperation.

    He called on all parties to remain committed to strengthening international financial cooperation, expressing support for the expansion and strengthening of the New Development Bank and welcoming the willingness of countries in the Global South to invest in China’s financial market.

    He called for an accelerated review of the World Bank’s equity stakes and the adjustment of quota shares by the International Monetary Fund, and stressed the need to enhance the representation and voice of developing countries.

    Li Qiang noted that greater cooperation within BRICS should open up a “new blue ocean” of economic growth, calling for cooperation in new areas such as the digital and green economy, to make artificial intelligence (AI) the driving force of all industries and benefit every household, and to help strengthen the capacity of countries in the Global South.

    China will launch the Global South Digital Development Initiative under the Global Development Initiative and plans to provide 200 training programs on digital economy and AI to Global South countries over the next five years, he said.

    He added that China welcomes the participation of all countries in the World Conference on Artificial Intelligence to be held later in July.

    Highlighting the growing risks in the areas of climate, environment and health, Li Qiang said the international community should form a broad consensus, take active actions and join efforts to address common challenges.

    He called on the international community to strengthen global synergy in combating climate change, resolutely implement the UN Framework Convention on Climate Change and the Paris Agreement, adhere to the principle of common but differentiated responsibilities, and deepen cooperation in clean energy, carbon markets and other areas.

    Developed countries must fulfill their commitments to climate change financing, technology transfer and other areas, Li Qiang stressed.

    According to him, the world must achieve more tangible results in the field of environmental protection, adhere to the principle of harmonious coexistence between humanity and nature, advocate for a systems approach to management and more effectively implement the Convention on Biological Diversity and the UN Convention to Combat Desertification.

    He also called for increased capacity building for public health systems, calling on the international community to support the World Health Organization’s coordinating role in global health governance, make full use of platforms such as the BRICS Vaccine Research and Development Centre, and provide more public goods to countries in the Global South.

    China always fulfills its obligations and makes active contributions to global challenges within its capabilities, Li said, adding that China will continue to take concrete actions, fulfill its responsibilities and cooperate with all parties to promote greener, healthier and more sustainable global development.

    The summit resulted in the adoption of the BRICS Leaders’ Statement on Global Governance in Artificial Intelligence and the BRICS Leaders’ Framework Declaration on Climate Finance. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Video: UK UK Economic security – Business and Trade Sub-Committee on Economic Security, Arms & Export Controls

    Source: United Kingdom UK Parliament (video statements)

    The Business and Trade sub-Committee questions Marks and Spencer Chairman Archie Norman on the devastating cyber-attack that has disrupted the iconic British retailer’s operations for months.

    After acknowledging the attack in April, the company was forced to suspend all online sales for weeks and its website operations are not expected to be fully restored for another month or so. It is believed some customer data was also breached. Marks and Spencer has estimated the attack will hit this year’s profits by £300 million.

    At around the same time in April, the Co-op Group disclosed “unauthorised access attempts” that disrupted customer and back-office services.

    What happened in these two cases and what does it tell us about UK’s approach, across the public and private sectors, to countering a commercial and economic risk that may be growing to the point where it becomes “uninsurable”?

    https://www.youtube.com/watch?v=KEKD0HSNAm0

    MIL OSI Video –

  • PM Modi set for first Namibia visit by Indian PM in nearly three decades

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a landmark visit to Namibia on July 9, marking the final leg of his five-nation tour and the first visit by an Indian Prime Minister to the African nation in nearly three decades.

    The visit is expected to further deepen ties between India and Namibia. The two countries share a historic relationship rooted in India’s steadfast support for Namibia’s independence struggle. India was among the earliest advocates for Namibian freedom, raising the issue at the United Nations as early as 1946 and hosting the first overseas office of the South West Africa People’s Organisation (SWAPO) in 1986.

    During his stay in the capital, Windhoek, PM Modi will hold bilateral talks with President Netumbo Nandi-Ndaitwah and address a joint sitting of Namibia’s Parliament. A key highlight of the visit will be the signing of a technology agreement enabling unified payment interoperability between the two countries, aimed at enhancing cooperation in the fintech and digital sectors, according to a statement from the Ministry of External Affairs.

    Namibia’s rich reserves of uranium, copper, cobalt, rare earth minerals and its recent oil discoveries are drawing renewed global attention. The country is the world’s fourth-largest producer of uranium oxide, which fuels the nuclear industry, and also produces zinc and gem-quality diamonds. With growing global demand for clean energy and battery storage, Namibia’s potential to develop new mining projects for cobalt, lithium, and rare earth elements has gained fresh relevance.

    Bilateral trade between the two nations stood at around $814 million in 2023–24, with Indian exports accounting for over half that figure. Indian investments in Namibia are estimated at nearly $800 million, largely in the mining sector, including zinc and diamonds.

    A notable symbol of the trust between the two nations remains the translocation of eight cheetahs from Namibia to India’s Kuno National Park in 2022 — the world’s first intercontinental transfer of a major carnivore species.

    Bilateral relations have continued to strengthen over the years through high-level exchanges, development cooperation and people-to-people contacts. Then President of India, Pranab Mukherjee, paid a State Visit to Namibia in 2016, while Namibia’s President Hage Geingob attended the India–Africa Forum Summit in New Delhi in 2015. PM Modi and President Geingob last met on the sidelines of the UN General Assembly in 2019.

    In June last year, External Affairs Minister S. Jaishankar visited Namibia, calling on President Geingob and co-chairing the first Joint Commission Meeting. He also inaugurated the India–Namibia Centre for Excellence in Information Technology in Windhoek.

    India continues to extend development assistance and capacity-building support to Namibia through scholarships, defence training programmes and technical cooperation. Indian experts are deputed to Namibian institutions, and an Indian Air Force Technical Team has been training Namibian helicopter pilots since 1996.

    The countries are exploring opportunities to expand cooperation in mining, energy, health, agriculture and infrastructure. Negotiations for a Preferential Trade Arrangement between India and the Southern African Customs Union (SACU), with Namibia as coordinator, are ongoing.

    Cultural ties have also grown steadily, with regular cultural events, yoga sessions and artistic exchanges. Approximately 450 Indians, NRIs and PIOs reside in Namibia today, contributing to business and community initiatives through bodies such as the India–Namibia Chamber of Commerce and Industry and the India Namibia Friendship Association.

  • MIL-OSI: Monexis Expands Global Reach with Advanced Multi-Access Trading Platform Tailored for All Levels

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — As retail and professional traders seek smarter, more personalized tools in today’s dynamic financial markets, Monexis has emerged as a powerful ally—offering a next-generation, multi-access trading platform designed to meet the needs of global investors. Combining real-time data, AI-powered insights, and educational support, Monexis is redefining digital trading through personalized strategies, transparent operations, and user-friendly technology across more than 20 countries.

    With a focus on customized strategies, educational empowerment, and cutting-edge technology, Monexis is redefining what it means to support traders at every level. Headquartered in New York and serving clients in over 20 countries, the company continues to expand its global footprint while maintaining a sharp focus on individual investor success.

    A Tailored Approach to Trading Success

    Monexis distinguishes itself through personalized trading strategies tailored to each client’s financial goals, experience level, and risk profile. Whether a trader is seeking long-term portfolio growth, short-term gains, or diversification through cryptocurrency, Monexis works closely with them to design strategies that are both practical and performance-driven.

    This individual approach ensures that every user has a clear path to follow, one that is based on logic, market data, and their own financial objectives.

    Technology Meets Simplicity on the Monexis Platform
    At the heart of Monexis’s offering is its intuitive and feature-rich trading platform, where technology meets investment insight. The platform is equipped with:

    • Real-time market data
    • Advanced charting and analytical tools
    • Integrated portfolio management
    • Smart strategy builders

    Users can easily monitor their trading activity, analyze performance, and execute trades efficiently. The seamless interface is designed for both beginners and experienced traders, minimizing complexity while maximizing functionality.

    The platform also incorporates customized insights and personalized dashboards, giving traders a competitive edge in fast-moving markets.

    Education and Support as Strategic Tools
    Monexis recognizes that knowledge is a powerful asset in trading. That’s why it offers a comprehensive educational ecosystem to help traders build confidence and sharpen their decision-making. 

    The resource library includes:

    • Text lessons for beginners and advanced traders
    • On-demand video tutorials (VODs)
    • Cryptocurrency fundamentals and strategies
    • Guides on fundamental and technical analysis
    • Tools for trend identification, risk management, and market prediction

    These resources are supported by 24/5 technical support and access to real-time market signals, ensuring traders are never left without guidance when they need it most.

    Whether you’re navigating your first trade or refining an advanced investment strategy, Monexis ensures that education and support are always within reach.

    Globally Connected and Regionally Aware
    Monexis operates in a growing list of countries across the Americas, Europe, Asia, and Africa, including the United States, India, Brazil, Germany, South Africa, Japan, Australia, and the United Kingdom. This global reach allows the company to deliver culturally and regionally tailored insights while maintaining access to up-to-date international financial news, events, and policy updates.

    Users benefit from detailed market reports, trend analysis, and coverage of global economic movements, all aimed at helping them make informed, timely decisions.

    Account Types Designed for Every Trader
    Monexis understands that traders have different needs and investment capacities. To accommodate this, the platform offers four distinct account tiers, each with its own features and benefits:

    Basic Account (€250 minimum)

    • 24/5 tech support
    • 48-hour withdrawal time
    • Ideal for beginners looking to explore trading

    Standard Account (€2,500 minimum)

    • 24-hour withdrawals
    • 1:100 leverage
    • Bonuses up to 50%
    • Signals and basic consultations

    VIP Account (€10,000 minimum)

    • 12-hour withdrawals
    • 1:200 leverage
    • Bonuses up to 100%
    • Enhanced signals, consultations, and insurance
    • Personal account manager

    Prime Account (€50,000 minimum)

    • 3-hour withdrawals
    • 1:400 leverage
    • Bonuses up to 150%
    • Full access to all tools, training, and personal services

    Each account level is structured to grow with the trader, offering increasingly valuable services and faster execution as investment levels increase.

    Trusted Operations and Transparent Compliance
    Monexis Inc. is legally registered and operates under the laws of the State of New York, United States. The platform adheres to strict AML (Anti-Money Laundering) and KYC (Know Your Customer) protocols to ensure secure, transparent, and compliant operations.
    All users are encouraged to review the platform’s privacy policy, client agreement, AML/KYC policy, and risk notices before opening an account.

    Monexis at a Glance

    • Headquarters: New York, United States
    • Website: www.monexis.org
    • Customer Support: +1 (800) 441‑7760
    • Email: support@monexis.org
    • Global Reach: Clients in over 20 countries
    • Platform Features: Real-time data, technical tools, personalized dashboards
    • Education Resources: VODs, guides, analysis tools, calculators, news
    • Support: 24/5 tech assistance and multilingual customer service
    • Compliance: Full adherence to U.S. regulations, AML/KYC policies

    Conclusion
    Monexis brings together the essential pillars of modern trading: personalized strategy, technological excellence, continuous education, and global insight. With a flexible account structure, round-the-clock support, and a platform designed to empower users of all levels, Monexis positions itself as a reliable and forward-focused trading solution for the global investor community.

    To learn more or to get started, visit www.monexis.org.
    Disclaimer: This press release is provided by the Monexis. 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 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. 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. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c7f295b-3cdc-4f79-a007-b281fe2e86d5

    The MIL Network –

  • MIL-OSI: The Ultra X System under PQTIC Partners with Chain Trade Exchange to Announce Successful Technical Integration: Ushering in a New Era of Smart Cryptocurrency Trading

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — With the rapid development of blockchain technology and artificial intelligence, cryptocurrency trading is entering a new era of intelligence. In this wave, Chain Trade Exchange and the innovative trading system Ultra X have announced the successful technical integration, working together to create an efficient and secure trading experience for global investors. The Ultra X system reads market data and liquidity information (excluding user data) from the Chain Trade Exchange, supports real-time training, and assists investors in achieving automated trading on the Chain Trade platform. This collaboration marks an important step forward in making cryptocurrency trading smarter and more transparent.

    Intelligent Upgrade of the Cryptocurrency Market
    In recent years, the cryptocurrency market has experienced explosive growth. Investors’ demand for efficient, secure, and intelligent trading tools has become increasingly urgent. Since its establishment in Denver, Colorado, in 2019, Chain Trade Exchange has remained at the forefront of the industry, leveraging its global influence, with services in over 180 countries and 150 million registered users, as well as the ability to support trading of over 350 cryptocurrencies. Meanwhile, the Ultra X system, as a cutting-edge AI trading tool, provides investors with precise market insights and trading execution capabilities through data-driven analysis and automated strategies.
    In this collaboration, the Ultra X system successfully integrated with Chain Trade Exchange’s market data interface, enabling seamless access to real-time market prices and liquidity data. This technological breakthrough not only enhances Ultra X’s real-time training capabilities but also offers investors powerful tools for automated trading on the Chain Trade platform, while strictly safeguarding user privacy and ensuring data security.
    The Synergistic Advantages of Ultra X and Chain Trade
    Chain Trade Exchange is known for its low fees, high security, and diversified services. The platform supports spot trading, wealth management products, hot and cold wallets, and utilizes multi-signature technology, cold storage solutions (protecting over 90% of assets), and independent Proof of Reserves (PoR) to ensure that user assets are fully backed on a 1:1 basis. Its professional security team monitors the system around the clock, combining strict Anti-Money Laundering (AML) protocols and working with global regulators to provide users with a transparent and trustworthy trading environment.

    Ultra X System Focuses on Intelligent Trading

    The Ultra X system focuses on intelligent trading by utilizing machine learning and big data analytics to process market conditions in real-time and generate efficient trading strategies. Its core features include:

    • Real-time Training: Using Chain Trade’s market and liquidity data (excluding user data), the system simulates real trading environments to enhance prediction and execution capabilities.
    • Automated Trading: Investors can set automated trading strategies through Ultra X on the Chain Trade platform, enabling 24/7 market participation without manual intervention.
    • Data Privacy: Ultra X only reads publicly available market data and strictly adheres to privacy protection standards to ensure the security of user data.
      “The collaboration between Ultra X and Chain Trade is a perfect blend of technology and trust,” a Chain Trade spokesperson said. “We provide stable market data support to Ultra X, helping investors make smarter trading decisions while ensuring data security and platform compliance.”

    Empowering Investors with Intelligent Trading Experience

    The integration of the Ultra X system with Chain Trade brings significant benefits to users:

    • Precise Market Insights: Ultra X analyzes Chain Trade’s market and liquidity data in real-time, offering instant trend predictions that help investors seize market opportunities.
    • Automation Efficiency: Investors can set personalized trading strategies with Ultra X, automatically executing buy and sell orders, saving time and reducing the risk of emotional trading.
    • Security and Transparency: Ultra X does not access user data and, combined with Chain Trade’s op-tier security measures and proof of reserves, ensures a secure and trustworthy trading process.
    • Flexible Applications: Whether beginners or professional traders, Ultra X’s intuitive interface and Chain Trade’s diverse trading pairs (350+ cryptocurrencies) complement each other, meeting various needs.

    An early Ultra X user shared: “Using Ultra X on Chain Trade has made my trading more efficient. The automated trading feature helps me seize market opportunities, and Chain Trade’s security makes me feel completely safe.”

    Dual Assurance of Compliance and Security

    Chain Trade Exchange places a high priority on compliance, following strict AML protocols for user identity verification and risk assessment, and uses a real-time trade monitoring system to detect suspicious activities. The platform regularly submits suspicious transaction reports to regulators and cooperates with international law enforcement agencies to ensure global legal and regulatory compliance. The Ultra X system also ensures data privacy, only processing publicly available market data, seamlessly integrating with Chain Trade’s compliance framework to offer users dual trust guarantees.

    “We are committed to building a safe and transparent trading ecosystem,” the Ultra X team stated. “Our partnership with Chain Trade allows us to focus on technological innovation while relying on their leading compliance and security standards.”

    Pioneering the Future of Cryptocurrency Trading

    The collaboration between Ultra X and Chain Trade has not only enhanced trading efficiency but also set a benchmark for the intelligent development of the cryptocurrency industry. In the future, both parties plan to deepen their integration and explore the fusion of decentralized finance (DeFi) and AI-driven trading, offering investors more innovative tools. Chain Trade will also continue to expand its services by launching an NFT trading market and enterprise-level blockchain solutions to solidify its global leadership.

    Join Ultra X and Chain Trade, Embrace the Era of Intelligent Trading

    For investors seeking to stand out in the cryptocurrency market, the combination of Ultra X and Chain Trade offers unparalleled opportunities. Contact support@CTANTE.com or visit the official Chain Trade website to experience the intelligent trading features of the Ultra X system and embark on your digital wealth journey.

    About Chain Trade Exchange

    Chain Trade Exchange was established in 2019 and is headquartered in Denver, Colorado, USA. It serves over 180 countries, with 150 million users, and supports more than 350 cryptocurrencies. As a leading global digital asset platform, Chain Trade provides trading, wallet, and blockchain consulting services, dedicated to driving the development of the digital economy.

    About Ultra X System

    Ultra X is an AI-driven trading system focused on market analysis and automated trading. By partnering with leading trading platforms, Ultra X provides investors with efficient, transparent trading solutions without directly handling user data.

    Official Website: https://pqtic.com/
    Contact Name: Jim Williams
    Corporate Email: service@pqtic.com

    Disclaimer: This press release is provided by the PQTIC. 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 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. 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. 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/587c2e69-4bfd-487c-a5b4-c3e75c1d3538

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bb5e694b-5c63-4963-b30c-16b6cdb74ea5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c5c9f37a-f2dd-42df-8275-bbb3c0c2dfd4

    The MIL Network –

  • MIL-OSI Africa: Global Financing Shifts to Advance African Coal, Uranium Prospects Ahead of African Mining Week (AMW) 2025

    Source: APO


    .

    As Africa moves to fully harness its coal and uranium resources for economic growth, major shifts in the global financing landscape in 2025 are set to unlock new opportunities across the continent. In June, international finance institution The World Bank lifted its ban on financing nuclear projects – marking its re-entry into the nuclear value chain for the first time since 1965. In May, the U.S. export agency the Export-Import Bank of the United States (EXIM) ended its 12-year restriction on funding international coal projects.

    Coal, uranium and investment market trends will take center stage at the upcoming African Mining Week (AMW) 2025 – Africa’s premier gathering for mining stakeholders – taking place on October 1 – 3 in Cape Town. The event will feature high-level panel discussions, project showcases and exclusive networking sessions, showcasing how global capital and African leadership are aligning to unlock the potential of coal and uranium value chains for sustainable development.

    Africa’s coal sector has seen notable progress in 2025. In March, South Africa’s Seriti Resources launched the R500 million Naudesbank Colliery in Mpumalanga Province, producing one million tons annually in its first phase. The launch reinforces South Africa’s role as the continent’s leading coal producer. Concurrently, mining company Menar is advancing several coal and anthracite projects with a R7 billion investment plan through 2026, including the Bekezela and Sukuma mines in South Africa’s Gauteng province. The initiatives align with South Africa’s decision to classify coal as a critical mineral due to its economic and strategic importance. Ethiopia is also ramping up exploration, with coal reserves now estimated to exceed one billion tons. At AMW, a panel titled Coal’s Indispensable Role: Powering Africa’s Downstream Processing and Manufacturing Boom will showcase policies and incentives being used by African markets to attract investments across the coal value chain.

    On the uranium front, the World Bank’s ban reversal offers renewed access to international financing – creating a pathway for expansion in Africa’s uranium-rich countries. Several projects have gained momentum in 2025. Lotus Resources is progressing with its 3-million-pound-per-year Letlhakane Uranium Project in Botswana, as well as the Kayelekera Mine in Malawi. In Tanzania, Moab Minerals secured a $500,000 investment from European Lithium for its Manyoni Uranium Project. Meanwhile, GoviEx Uranium is advancing development of its Muntanga Project in Zambia, with an expected annual output of 2.2 million pounds. Additionally, countries including Namibia, Mali, Ghana, Senegal, the Republic of Congo and Kenya have signed agreements to develop nuclear energy programs, underlining Africa’s growing focus to leverage its vast uranium resources for energy resilience. The continent’s biggest uranium producers Niger and Namibia also have several new and expansion projects underway.

    These milestones represent a new era of investment potential across Africa’s coal and uranium industries, with African Mining Week 2025 serving as a key platform for governments, investors and industry stakeholders to collaborate and catalyze long-term growth.

    Distributed by APO Group on behalf of Energy Capital & Power.

    About African Mining Week:
    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa –

  • MIL-OSI Africa: African Continental Free Trade Area (AfCFTA) Adjustment Fund Credit Fund closes its first deal – US$ 10 million investment in Telecel Global Services Ltd

    Source: APO


    .

    The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing US$10 million to Telecel Global Services Ltd, through a senior secured amortising loan. The transaction marks a significant milestone in the operationalisation of the Fund.

    The Credit Fund is one of three Funds under the AfCFTA Adjustment Fund, established by the AfCFTA Secretariat and African Export-Import Bank (Afreximbank) to provide targeted  transitional support to AfCFTA State Parties  and private sector entities as they adjust to the requirements and opportunities presented by the AfCFTA Agreement.

    Telecel Global Services, a subsidiary of the Mauritius-based Telecel Group, provides wholesale voice and SMS services and enterprise connectivity solutions to more than 250 telecom operators across Africa and globally. With digital connectivity being at the heart of the trade and economic integration and success of the AfCFTA, this facility will support Telecel’s expansion in Ghana and Liberia, strengthen its infrastructure, and contribute to bridging Africa’s digital divide through enhanced connectivity and digital inclusion. By investing in digital infrastructure in underserved markets, the Fund is helping reduce trade barriers, foster cross-boarder productivity and accelerate  inclusive industrialisation.

    Mr. Jean-Louis Ekra, Chairman of the Board of the AfCFTA Adjustment Fund Corporation, stated: “ The closing of our first deal marks a historic milestone for the Credit Fund and the broader vision of the AfCFTA. This US$10 million investment in Telecel Global Services is a clear demonstration of how targeted capital can drive meaningful impact—accelerating digital connectivity, enabling intra-African trade, and supporting private sector-led development in priority sectors. It is our commitment to ensure that such investments continue to bridge critical gaps, stimulate economic resilience, and unlock Africa’s vast potential.”

    H.E. Wamkele Mene, Secretary-General of the AfCFTA Secretariat, noted: “This transaction demonstrates how the AfCFTA Adjustment Fund is beginning to serve its intended purpose – supporting State Parties and the private sector as we work to make this Agreement commercially meaningful. By investing in digital infrastructure, we are addressing some of the most critical enablers of trade facilitation, industrialisation, and regional value chain development.”

    Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, added: “Today, we make another bold statement of our unwavering intent to ensure that Africans reap the benefits of the African Continental Free Trade Agreement. We are proud to have commenced the operationalisation of the Credit Fund. With this Fund, we will provide vital support to African corporates, helping them retool and expand their operations necessary to capitalise on the AfCFTA opportunities. The investment strengthens a critical enabler, the digital economy and regional connectivity, while reinforcing our long-term commitment to transforming the structure of the African economy. .”

    Marlene Ngoyi, CEO, FEDA, the Fund Manager of the AfCFTA Adjustment Fund, said: “This investment exemplifies the strategic intent of the Credit Fund – to catalyse growth and resilience in sectors that are vital for Africa’s structural transformation. We are proud to partner with Telecel, whose operations directly advance intra-African connectivity and digital trade.”

    The Credit Fund will continue to prioritise commercially viable investments that enable trade, support diversification, and promote inclusive growth in line with the broader AfCFTA implementation agenda.

    Distributed by APO Group on behalf of Afreximbank.

    About the AfCFTA Adjustment Fund:
    The AfCFTA Adjustment Fund consists of three sub-Funds namely, the Base Fund, the General Fund, and the Credit Fund. The Base Fund will utilise contributions from AfCFTA State Parties as well as grants and technical assistance to address tariff revenue losses that would result from the implementation of the AfCFTA Agreement. The General Fund will finance the development of trade enabling infrastructure while the Credit Fund will be used to mobilise commercial funding to support both the public and private sectors enabling them to adjust and take advantage of the opportunities created by the AfCFTA.

     About the African Continental Free Trade Area (AfCFTA):
    The African Continental Free Trade Area (AfCFTA) is one of the flagship projects of Agenda 2063: “The Africa We Want” and entered into force on 30 May 2019. It is a high ambition trade Agreement, which aims to bring together all 55 Member States of the African Union, covering a market of more than 1.3 billion people, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas. By eliminating barriers to trade in Africa, the objective of the AfCFTA is to significantly boost intra-Africa trade, particularly trade in value-added production and trade across all services sectors of Africa’s economy, at a potential of 52.3 percent.

    About FEDA:
    The Fund for Export Development in Africa (“FEDA”) is the impacting investing subsidiary of Afreximbank, set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa.

    FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain which includes financial services, technology, consumer and retail goods, manufacturing, transport & logistics, agribusiness, as well as ancillary trade enabling infrastructure such as industrial parks.

    MIL OSI Africa –

  • MIL-OSI Russia: South Korea to seek win-win trade deal with US

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    SEOUL, July 8 (Xinhua) — The Ministry of Trade, Industry and Energy of the Republic of Korea (ROK) said Tuesday it will make efforts to reach a mutually beneficial trade deal with the United States after U.S. President Donald Trump effectively delayed the imposition of new tariffs on South Korean products.

    The ministry said in a statement that Seoul has been actively negotiating since the inauguration of the new government led by President Lee Jae-myung on June 4, guided by the principle of prioritizing national interests.

    The ministry noted that there is not enough time to reach an agreement on all issues, considering D. Trump’s letter to be a de facto postponement of the introduction of “equivalent” tariffs on South Korean products.

    The ministry promised to step up efforts to achieve mutually beneficial results in the remaining period of negotiations to quickly resolve tariff-related uncertainties, adding that Kazakhstan will address the trade deficit that worries the US by improving domestic rules and streamlining regulations.

    According to the statement, the ministry will seek to create an opportunity for a breakthrough in key industries through partnership between the two countries to revive manufacturing.

    In his letter to the South Korean leader, published on the social network Truth Social, D. Trump said that the two countries must abandon the long-term and permanent trade deficit caused by tariffs, non-tariff policies and trade barriers on the part of the Republic of Korea. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Integration of education and production: SPbPU students defended their final work at Power Machines

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    Students of the Institute of Industrial Management, Economics and Trade of SPbPU defended a comprehensive final qualification work in the format of “Final Qualification Work as a Project” to solve real production and management problems of the customer – JSC “Power Machines”.

    Three students majoring in Management, International Logistics, divided the tasks among themselves as follows: Darya Snigireva considered the issues of developing fast purchases through the implementation and adaptation of marketplaces, and Maria Shapova dealt with illiquid assets: working with unloading, organizing unscheduled inventories, creating a pricing system. Both girls were advised by Nikita Lukashevich, Associate Professor of the Higher School of Industrial Management. Yana Salangina took on the transformation of the enterprise’s warehouse accounting and the development of recommendations for improving the management of the warehouse complex (consultant – Zoya Simakova, Associate Professor of the Higher School of Industrial Management).

    The main task of the student of the “Trade” direction, profile “Logistics systems in trade”, Ekaterina Rakcheeva was to develop a procurement training system and fill the “Knowledge Base” of the enterprise. Ekaterina was advised by Associate Professor of the Higher School of Service and Trade Irina Kapustina. The overall assessment of the effectiveness of the developed activities was made by a student of the “Economics” direction, profile “Economics and management at the enterprise”, Anna Myasnikova (consultant – Professor of the Higher School of Engineering and Economics Svetlana Suloeva). The project was supervised by Senior Lecturer of the Higher School of Industrial Management, the ideologist of the implementation of the complex final qualifying work on the part of the Polytechnic University Egor Temirgaliev.

    The meeting of the State Examination Committee was held on the premises of the Leningrad Metal Plant of JSC Power Machines. The State Examination Committee was headed by the Director for Development of General Industrial Suppliers of Power Machines, Evgeniya Khmel. The SEC also included representatives of the customer and the university.

    The result of the students’ work was a set of measures that optimize production and management processes at the enterprise. In particular, recommendations for improving the purchasing activities of Power Machines through the implementation of an industrial marketplace make it possible to reduce the duration of the purchasing process. The proposed automation of contractual activities through the development of a template for filling out a contract reduces the time of the purchasing manager. Due to the developed recommendations for improving warehouse operations through the implementation of barcoding, as well as the implementation of an automated warehouse complex management system, the time for performing warehouse operations is reduced, the accuracy of accounting and the throughput of the warehouse are increased.

    During the defense, the members of the State Examination Commission asked many questions, touching on their areas of professional interest. As a result, the commission rated the work as excellent.

    After the results were announced, the chairperson of the State Examination Commission, Evgeniya Khmel, summed up the defense: On the customer’s side, we make fairly high demands on students both during the pre-graduation internship and writing of the work, and during the defense itself. It is very important for us that the tasks that we set for students at the beginning of their journey find application in our business after the defense of the diploma. I can say that the team did a great job!

    This is already the third project successfully implemented by IPMET students for Power Machines. Last year, the Polytechnicians defended a comprehensive final qualifying work commissioned by Power Machines – Leningrad Metal Plant on the topic of transforming the purchasing activities of an industrial enterprise in order to reduce slow-turnover inventories, and in 2023 worked on the project “Harmonization of production needs with the provision of components and materials” by order of “Power Machines” – the “Elektrosila” plant.

    We attach great importance to the preparation of comprehensive final qualification works created by order of industrial enterprises of St. Petersburg. In this way, we solve a dual task: on the one hand, we help the enterprise to take a new look at production and management processes, on the other hand, we prepare young qualified specialists for our strategic partner, the Power Machines company, who, while still students, successfully completed pre-graduation practice, then wrote a diploma work and, most importantly, became employees of this enterprise, – commented the director of IPMEiT Vladimir Shchepinin.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Government and business put forward “Team UK” approach to unleash defence sector’s potential

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Government and business put forward “Team UK” approach to unleash defence sector’s potential

    Plans to deliver jobs across the UK by unlocking the full economic potential of Britain’s defence sector are set to be unveiled today (8 July 2025).

    • Recommendations unveiled today by the Defence and Economic Growth Taskforce will build upon 14,000 extra jobs supported by government investment in the defence sector

    • Comes as Defence Tech company Helsing announces the UK’s first Resilience Factory in Plymouth as it accelerates £350m UK investment in Artificial Intelligence

    • Taskforce report puts forward “Team UK” government and business collaboration to drive growth and create jobs as part of government’s Plan for Change

    Recommendations from the Defence and Economic Growth Taskforce will outline key steps – including developing regional Defence Growth Deals – to ensure that working people benefit from the government’s move to increase defence spending.

    New opportunities for UK workers are already on the way with defence tech company Helsing announcing that it will open the UK’s first Resilience Factory this year. The UK technology and its supply chain will create specialist high-value jobs in the South West and across the country, as Helsing doubles the size of its UK business.

    Helsing’s acceleration of its £350m Trinity House private investment will see it provide allied navies with AI-powered miniature submarines to protect critical underwater infrastructure. The advanced manufacturing facility will be based in Plymouth, as the new national centre of marine autonomy.

    The Taskforce’s recommendations will be launched at a Ministry of Defence roundtable chaired by the Chancellor Rachel Reeves and Defence Secretary John Healey later today.

    The report’s key recommendation is for a “Team UK” strategy to ensure the UK is globally competitive, driving innovation, jobs and prosperity across the UK, reforming procurement and contracting processes to grow the UK defence sector – in line with the Strategic Defence Review.

    It also recommends prioritising investment in “dual use” technologies that can be used for both civil and military purposes in the UK.

    The meeting comes as figures published last week show that 151,000 UK jobs are directly supported by the MOD’s spend with industry – an increase of 14,000 on the previous year.

    Chancellor of the Exchequer, Rachel Reeves, said:

    “A new era of threats demands a new era for defence and security. That’s why we took the decision to prioritise defence spending, increasing it to 2.6% of GDP by April 2027.

    “Through this, and the work of the Defence and Economic Growth Taskforce – including Helsing’s welcome announcement of the first UK Resilience Factory – we are securing our nation and unleashing the economic potential in the Defence sector, benefitting working people across the UK through our Plan for Change.”

    Ned Baker, UK Managing Director, Helsing:

    “Helsing supports the Government’s ambitions for our defences and economy. We are investing in both by opening the first UK Resilience Factory and accelerating our £350m commitment.

    “We have confidence in the Government’s commitment to new technological solutions for defence. Together, we can attract further private investment, equipping our Armed Forces and growing the economy.”

    The Secretary of State for Defence, John Healey, said:

    “In a new era for defence, we are building a new partnership with the UK’s outstanding defence industry, with innovators and with investors.

    “We will equip our Armed Forces for the future and make defence an engine for economic growth through our Defence Industrial Strategy – unlocking investment, reforming procurement, championing innovation and backing companies of all sizes.
    “I welcome the Defence and Economic Growth Taskforce’s report which recognises how we can boost high-skilled jobs across the country and grow our economy while strengthening our frontline forces.”

    The government has already begun work on three of the report’s recommendations:

    • Establishing a defence SME Hub to provide support to new market entrants.

    • Commencing work on a Defence Exports Office in the MOD, as announced in the Strategic Defence Review.

    • Committing to developing Defence Growth Deals across the UK at the Spending Review.

    The remaining recommendations will now be worked through as part of the cross-Whitehall Defence Growth Board and the Defence Industrial Joint Council ahead of the forthcoming launch of the Defence Industrial Strategy.

    The Taskforce, led by the Confederation of British Industry (CBI) with Oliver Wyman and co-chaired by the Chancellor and Defence Secretary, is a unique partnership between government, industry and financial institutions. Its 20 member organisations have collaborated with HM Treasury and the MOD to produce the recommendations.

    Updates to this page

    Published 8 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Banking: BSTDB Invests EUR 40 million to Support Bulgaria’s Energy Security and Regional Integration

    Source: Black Sea Trade and Development Bank

    Press Release | 08-Jul-2025

    Financing Will Strengthen Bulgarian Energy Holding

    In a strategic move to advance energy resilience, sustainable infrastructure, and economic integration in the Black Sea region, the Black Sea Trade and Development Bank (BSTDB) has invested EUR 40 million in the latest bond issuance by the Bulgarian Energy Holding EAD (BEH), Bulgaria’s state-owned energy leader and a major electricity exporter in the Balkans.

    The BSTDB financing will support BEH in implementing strategic investment projects in the country, particularly the modernization of the national electricity transmission infrastructure. These investments aim to strengthen the country’s energy security, improve system reliability, and contribute to broader economic development.

    The investment also supports the goals of the Black Sea Economic Cooperation (BSEC) agenda by fostering infrastructure connectivity and sustainable energy systems — key pillars of regional development and integration among BSEC Member States.

    “Energy sector development is one of BSTDB’s top priorities in Bulgaria and across the Black Sea region,” said Dr. Serhat Köksal, President of BSTDB. “We are pleased to continue supporting Bulgarian Energy Holding’s investment programme, which aligns with our mandate to promote regional economic cooperation and integration. Enhancing energy infrastructure not only serves national needs but also contributes to a more connected and resilient Black Sea energy market.”

    “It is a pleasure to recognize BSTDB as a valued partner supporting our ongoing efforts in the energy sector. This partnership reflects our shared commitment to the development of key strategic projects that will strengthen energy security and promote sustainable development not only in Bulgaria, but across the wider region. We deeply appreciate BSTDB’s support and expertise, and we look forward to continuing our successful cooperation in the years to come,” said Valentin Nikolov, CEO of Bulgarian Energy Holding.

     

    Bulgarian Energy Holding EAD is the parent company of a group of subsidiaries and affiliates active in electricity generation, transmission, and supply, as well as natural gas transmission, supply, storage, and coal mining. BEH plays a central role in Bulgaria’s energy landscape, owning and operating the country’s main electricity generation assets, the national electricity transmission grid, and the gas transmission and transit network. As the public supplier of electricity and gas, it is a strategically vital institution for both domestic energy stability and regional energy cooperation.

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Global Banks –

  • MIL-OSI Russia: China Ready to Work with International Community to Bring Global Economy Back to Normal: Li Qiang

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    RIO DE JANEIRO, July 8 (Xinhua) — Chinese Premier Li Qiang said Monday that China is ready to work with the international community to achieve a speedy recovery of the global economy.

    Li Qiang made the remarks during a meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala on the sidelines of the 17th BRICS summit.

    World trade has undergone significant changes with the rise of unilateralism and protectionism, which has seriously affected the international economic and trade order and created serious challenges for the world economy and the development of countries, Li Qiang said.

    Against this backdrop, the international community is increasingly calling for the protection of the multilateral trading system and placing increasing hopes on the WTO to play a more active role, he added.

    Noting that economic globalization is an irreversible trend of history, Li Qiang said China will, as always, continue to practice and safeguard multilateralism and free trade, actively support the reform and development of the WTO to restore its authority, speed up the improvement of trade rules, and push for more concrete results from the 14th WTO Ministerial Conference.

    Li Qiang noted that China has abundant resources and means to counter adverse external influences, and is confident and capable of promoting sustainable and healthy economic development.

    This year, China has implemented more proactive and effective macroeconomic policies, advanced the strategy of expanding domestic demand and launched special initiatives to boost consumption, he said, noting the huge growing demand driven by a super-large market of more than 1.4 billion consumers.

    China, Li Qiang added, will take further measures for voluntary and unilateral opening-up, strictly abide by the principles and market rules of the WTO, and continue to share development opportunities with other countries to bring positive energy to the world. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI: Car Repair Financing Bad Credit Near Me in the USA – 50KLoans Announces Nationwide Rollout

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., July 08, 2025 (GLOBE NEWSWIRE) — 50KLoans, a trusted platform for fast and flexible lending solutions, has officially launched a dedicated car repair financing service aimed at helping Americans manage unexpected auto repair costs, even with less-than-perfect credit. This nationwide rollout includes options for car repair financing bad credit and provides fast access to funds, often by the next business day.

    With car maintenance and repair costs rising across the US more drivers are turning to alternative ways to finance urgent repairs. Whether you need help paying for a transmission replacement, engine repair, or a simple brake job, 50KLoans connects consumers with a network of lenders offering tailored financing car repair solutions even if you’ve been denied elsewhere.

    Get Matched for Car Repair Loans – Even with Bad Credit >>

    Flexible Car Repair Financing for All Credit Types

    Designed with accessibility in mind, the new car repair financing near me program helps drivers secure loans from $500 to $50,000 with repayment terms up to 10 years. The program is open to all credit types and includes specific lending partners focused on car repair financing bad credit scenarios.

    Key Features of 50KLoans Car Repair Financing Service:

    • Loan Amounts from $500 to $50,000
    • Bad Credit OK – Applicants with low or no credit scores can still qualify
    • Flexible Repayment Terms – Up to 120 months depending on lender
    • Nationwide Availability – Find car repair financing near me wherever you are in the U.S.
    • Fast Online Process – No paperwork, no waiting in line

    By offering a centralized platform for financing car repair, 50KLoans removes the hassle of searching lender by lender and gives users a seamless, transparent way to compare offers in one place.

    Get Matched for Car Repair Loans – Even with Bad Credit >>

    New Car Repair Financing Near Me: Available Nationwide

    Personal Auto Repair Loans: Installment loans tailored for mechanical work, parts, or labor costs. Ideal for larger repairs with predictable monthly payments.

    Emergency Repair Financing: Quick funds for urgent issues like failed brakes, dead batteries, or engine trouble.

    Car Repair Financing Bad Credit Solutions: Designed for borrowers with limited or poor credit history. Specialized lenders consider alternative criteria beyond your credit score.

    How to Apply for Car Repair Financing at 50KLoans

    1. Visit 50KLoans.com and select “Car Repair Financing.”
    2. Fill out a short online form – takes under 3 minutes.
    3. Get matched with multiple lenders offering car repair financing near me and online.
    4. Compare offers with clear terms, rates from 5.99% APR.
    5. Accept your preferred loan and receive funds often by the next business day.

    FAQs

    Can I qualify for car repair financing with bad credit?
    Yes. 50KLoans partners with lenders who specialize in car repair financing bad credit options.

    What types of repairs are eligible?
    Engine, transmission, brakes, tires, A/C, diagnostics—virtually all major and minor repairs are covered.

    Where can I find car repair financing near me?
    50KLoans offers access to lenders across the U.S., so you can find car repair financing near me from anywhere, with no need to visit a branch.

    Media Contact
    Mukesh Bhardwaj
    Email: mukesh@paydayventures.com

    Disclaimer: 50KLoans is not a lender and does not make credit decisions. Actual loan offers, rates, and approvals are determined by third-party lending partners based on your eligibility. Loan availability may vary by location and legal restrictions.

    The MIL Network –

  • MIL-OSI: Car Repair Financing Bad Credit Near Me in the USA – 50KLoans Announces Nationwide Rollout

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., July 08, 2025 (GLOBE NEWSWIRE) — 50KLoans, a trusted platform for fast and flexible lending solutions, has officially launched a dedicated car repair financing service aimed at helping Americans manage unexpected auto repair costs, even with less-than-perfect credit. This nationwide rollout includes options for car repair financing bad credit and provides fast access to funds, often by the next business day.

    With car maintenance and repair costs rising across the US more drivers are turning to alternative ways to finance urgent repairs. Whether you need help paying for a transmission replacement, engine repair, or a simple brake job, 50KLoans connects consumers with a network of lenders offering tailored financing car repair solutions even if you’ve been denied elsewhere.

    Get Matched for Car Repair Loans – Even with Bad Credit >>

    Flexible Car Repair Financing for All Credit Types

    Designed with accessibility in mind, the new car repair financing near me program helps drivers secure loans from $500 to $50,000 with repayment terms up to 10 years. The program is open to all credit types and includes specific lending partners focused on car repair financing bad credit scenarios.

    Key Features of 50KLoans Car Repair Financing Service:

    • Loan Amounts from $500 to $50,000
    • Bad Credit OK – Applicants with low or no credit scores can still qualify
    • Flexible Repayment Terms – Up to 120 months depending on lender
    • Nationwide Availability – Find car repair financing near me wherever you are in the U.S.
    • Fast Online Process – No paperwork, no waiting in line

    By offering a centralized platform for financing car repair, 50KLoans removes the hassle of searching lender by lender and gives users a seamless, transparent way to compare offers in one place.

    Get Matched for Car Repair Loans – Even with Bad Credit >>

    New Car Repair Financing Near Me: Available Nationwide

    Personal Auto Repair Loans: Installment loans tailored for mechanical work, parts, or labor costs. Ideal for larger repairs with predictable monthly payments.

    Emergency Repair Financing: Quick funds for urgent issues like failed brakes, dead batteries, or engine trouble.

    Car Repair Financing Bad Credit Solutions: Designed for borrowers with limited or poor credit history. Specialized lenders consider alternative criteria beyond your credit score.

    How to Apply for Car Repair Financing at 50KLoans

    1. Visit 50KLoans.com and select “Car Repair Financing.”
    2. Fill out a short online form – takes under 3 minutes.
    3. Get matched with multiple lenders offering car repair financing near me and online.
    4. Compare offers with clear terms, rates from 5.99% APR.
    5. Accept your preferred loan and receive funds often by the next business day.

    FAQs

    Can I qualify for car repair financing with bad credit?
    Yes. 50KLoans partners with lenders who specialize in car repair financing bad credit options.

    What types of repairs are eligible?
    Engine, transmission, brakes, tires, A/C, diagnostics—virtually all major and minor repairs are covered.

    Where can I find car repair financing near me?
    50KLoans offers access to lenders across the U.S., so you can find car repair financing near me from anywhere, with no need to visit a branch.

    Media Contact
    Mukesh Bhardwaj
    Email: mukesh@paydayventures.com

    Disclaimer: 50KLoans is not a lender and does not make credit decisions. Actual loan offers, rates, and approvals are determined by third-party lending partners based on your eligibility. Loan availability may vary by location and legal restrictions.

    The MIL Network –

  • MIL-OSI Africa: President Ramaphosa responds to United States (US) tariffs announcement

    Source: APO


    .

    President Cyril Ramaphosa has noted the correspondence from President Donald Trump on the unilateral imposition of a 30% trade tariff against South Africa. The President has further noted that South Africa is one of a number of countries to have received this communication on 7 July 2025. 

    This 30% tariff is based on a particular interpretation of the balance of trade between South Africa and the United States. This contested interpretation forms part of the issues under consideration by the negotiating teams from South Africa and the United States. Accordingly, South Africa maintains that the 30% reciprocal tariff is not an accurate representation of available trade data. In our interpretation of the available trade data,  the average tariff imported goods entering South Africa stands at 7.6%. Importantly, 56% of goods enter South Africa at 0% most favoured nation tariff, with 77% of US goods entering the South African market under the 0% duty.

    South Africa will continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States. We welcome the commitment by the US government, that the 30% tariff is subject to modification at the back of the conclusion of our negotiations with the United States. 

    South Africa has continued to engage the United States, most recently at a meeting held on the side-lines of the US-Africa Summit on 23 June 2025 in Luanda. It was at this meeting where South Africa learned of  a template with which the US wishes to engage sub-Saharan Africa on matters of trade. The South African negotiating team still awaits this template, however, President Ramaphosa has instructed the team urgently engage with the US on the basis of the Framework Deal that South Africa submitted to the US on 20 May 2025. This Framework deal addresses the issues initially raised by the US, including South Africa’s supposed trade surplus, unfair trade practices and lack of reciprocity from the US.

    The President urges government trade negotiations teams and South African companies to accelerate their diversification efforts in order to promote better resilience in both global supply chains and the South African economy.

    Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

    MIL OSI Africa –

  • MIL-Evening Report: Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief

    Source: The Conversation (Au and NZ) – By Stella Huangfu, Associate Professor, School of Economics, University of Sydney

    Thurtell/Getty Images

    The Reserve Bank of Australia has kept the cash rate at 3.85%, after cutting it in February and May.

    Those earlier moves were aimed at supporting the economy as growth slowed and inflation eased. This time, however, the bank chose to pause, signalling a more cautious stance.

    The decision will be hard for the millions of mortgage holders and aspiring home owners who were hoping for a cut.

    But as the bank’s monetary policy board explained:

    the board judged that it could wait for a little more information to confirm that inflation remains on track to reach 2.5% on a sustainable basis.

    The decision surprised many. Financial markets had priced in a 90% chance of a rate cut and the big four banks – ANZ, Westpac, Commonwealth and NAB – had forecast an easing in July.

    On Tuesday afternoon Treasurer Jim Chalmers, would not be drawn on whether the bank had made the right decision but did say:

    it was not the result millions of Australians were hoping for or what the market was expecting.

    By holding steady, the bank is signalling it is not yet fully convinced inflation is returning to target and is prepared to wait for further evidence before cutting again.

    The bank also cautioned that uncertainty in the world economy remains elevated, with the final scope of trade tariffs yet to play out.

    What’s behind this surprise decision?

    The economy grew just 0.2% in the March quarter, with annual growth slowing to 1.3%. This was well below trend and even weaker than the 0.6% pace recorded in the December quarter. The data points to a clear loss of momentum.

    Consumer spending has also remained soft. Retail sales rose only 0.2% in May, following flat or falling results in the two previous months.

    Food spending declined, and sales of household goods were unchanged. Many households are still feeling the squeeze from high interest rates, rising living costs, and low confidence in the economy.

    Inflation has continued to ease. May’s inflation figures showed headline inflation falling to 2.1%, while the Reserve Bank’s preferred trimmed mean – dropped to 2.4% – the lowest since late 2021.

    The trimmed mean is a measure of underlying inflation that excludes the most extreme price changes (both increases and decreases) in the consumer price index basket to give a clearer picture of inflation trends.

    Price pressures have eased across both goods and services, with no signs of wage-driven or second-round inflation taking hold.

    Despite this, the bank decided to pause. While inflation is generally in line with its forecasts, the bank noted:

    the June quarter CPI [consumer price index] figures were slightly stronger than expected at the margin.

    With rates already cut twice this year and broader economic conditions evolving as expected, the Reserve Bank judged it could wait for more data before making its next move.

    What happens next?

    Markets still expect two more cuts this year – in August and November – which would bring the cash rate down to 3.35% by the end of 2025. But this depends on how inflation, wages and the job market evolve.

    Wage growth is slowing. Private sector wages rose 3.3% over the year to March, the slowest pace since mid-2022.

    The unemployment rate stayed at 4.1% in May, with little change in how many people are working or looking for jobs. The job market is still solid, but signs of slowing are emerging.

    The Reserve Bank is likely to move carefully. While inflation pressures have eased, the board wants to be sure prices stay within its 2 to 3% target band. It’s also keeping an eye on the housing market. Home prices rose 0.4% in June and are now up 4.6% over the year.

    That renewed strength, helped by earlier rate cuts and limited supply, could make future decisions more complicated.

    Global conditions still matter

    As the monetary policy board noted, “uncertainty in the world economy remains elevated”. Slowing global growth and fragile trade conditions are adding to the complexity of the bank’s task.

    In Europe, economic growth is expected to reach just 0.9% this year, well below historical norms.

    China’s recovery also remains uneven, despite authorities targeting 5% growth. Weak private investment and ongoing challenges in the property sector continue to weigh on momentum.

    Meanwhile, global trade has stalled. The World Trade Organization expects trade volumes to fall 0.2% this year as tensions and tariffs continue to disrupt supply chains. Ongoing trade threats between the United States and China are also hurting investment and weighing on key Australian exports like resources and education.

    Tuesday’s decision to hold the cash rate steady highlights the Reserve Bank’s cautious approach in a shifting economic environment.

    Growth is soft, inflation has eased back within the target band, and household spending remains under pressure. But with inflation data slightly stronger than expected, the bank is choosing to wait for more confirmation before cutting again.

    This isn’t a change in direction – it’s a pause for more information. The message remains clear: the Reserve Bank is prepared to act, but only when the data warrant it.

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

    – ref. Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief – https://theconversation.com/interest-rates-are-on-hold-at-3-85-as-the-reserve-bank-opts-for-caution-over-mortgage-relief-260310

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Himax Technologies, Inc. Schedules Second Quarter 2025 Financial Results Conference Call on Thursday, August 7, 2025, at 8:00 AM EDT

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, July 08, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, August 7, 2025, at 8:00 a.m. US Eastern Daylight Time and 8:00 p.m. Taiwan Time to discuss the Company’s second quarter 2025 financial results.

    HIMAX TECHNOLOGIES, INC. SECOND QUARTER 2025 EARNINGS CONFERENCE CALL
    DATE: Thursday, August 7, 2025 
    TIME: U.S.       8:00 a.m. EDT 
      Taiwan  8:00 p.m. 
         
    Live Webcast (Video and Audio):   http://www.zucast.com/webcast/jwY1jFiZ
         
    Toll Free Dial-in Number (Audio Only):
      Hong Kong 2112-1444
      Taiwan 0080-119-6666
      Australia 1-800-015-763
      Canada 1-877-252-8508
      China (1) 4008-423-888
      China (2) 4006-786-286
      Singapore 800-492-2072
      UK 0800-068-8186
      United States (1) 1-800-811-0860
      United States (2) 1-866-212-5567
    Dial-in Number (Audio Only):
      Taiwan Domestic Access 02-3396-1191
      International Access +886-2-3396-1191
         
    Participant PIN Code: 3321007 #  
         

    If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 3321007 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on http://www.zucast.com/webcast/jwY1jFiZ or visiting Himax’s website, where it will remain available until August 7, 2026.

    About Himax Technologies, Inc.
    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,609 patents granted and 370 patents pending approval worldwide as of June 30, 2025.

    http://www.himax.com.tw

    Forward Looking Statements
    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:

    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network –

  • MIL-OSI China: China ready to work with intl community to get world economy back on track, says Premier Li

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

    Chinese Premier Li Qiang meets with Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala in Rio de Janeiro, Brazil, July 7, 2025. [Photo/Xinhua]

    Chinese Premier Li Qiang said Monday that China stands ready to work with the international community to get the world economy back on track at an early date.

    Li made the remarks when meeting with Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala on the sidelines of the 17th BRICS Summit.

    The global trade has undergone significant changes with rising unilateralism and protectionism, which has severely impacted the international economic and trade order and posed grave challenges to the world economy and countries’ development, said Li.

    Against this backdrop, the international community has a stronger call for safeguarding the multilateral trading system and has growing expectations for the WTO to play a more active role, he added.

    Noting that economic globalization is an irreversible trend of history, Li said that China will, as always, continue to practice and safeguard multilateralism and free trade, actively support the reform and development of the WTO to restore its authority, accelerate the improvement of trade rules, and push for more concrete outcomes of the 14th WTO Ministerial Conference.

    Li said China has abundant resources and means to counter adverse external impacts, and is confident in and capable of promoting a steady and healthy economic development.

    This year, China has implemented more proactive and effective macro policies, advanced the strategy of expanding domestic demand, and launched special initiatives to boost consumption, he said, noting the huge, growing demand unleashed by the super-large market of over 1.4 billion consumers.

    China, Li added, will introduce more measures for voluntary and unilateral opening up, strictly abide by the principles and market rules of the WTO, and continue to share development opportunities with other countries, so as to inject positive energy into the world. 

    Chinese Premier Li Qiang meets with Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala in Rio de Janeiro, Brazil, July 7, 2025. [Photo/Xinhua]

    MIL OSI China News –