Category: Trade

MIL-OSI USA: SBA Interagency Task Force on Veterans Small Business Development to Host Public Meeting on July 15

Source: United States Small Business Administration

WASHINGTON – Today, the U.S. Small Business Administration (SBA) announced that the quarterly Interagency Task Force (IATF) on Veterans Small Business Development meeting will occur on July 15, 2025. The public is encouraged to attend this meeting and hear updates on the status of policies and initiatives that affect veteran-owned businesses.

“Veterans’ resourcefulness, determination, and grit are just a few of the many traits that make them ideal entrepreneurs,” said Elias Hernandez, Associate Administrator for SBA’s Office of Veterans Business Development. “The IATF meeting opens the door for policy recommendations to be made based on the unique insights of other federal agencies and industry partners to better support America’s veteran small business owners. At the SBA, we’re proud to be leading the charge to help more of our nation’s heroes start – and grow – their small businesses.”

The IATF independently proposes policy recommendations and offers advice related to veteran- and military spouse-owned small business development to the SBA Administrator, the Associate Administrator for SBA’s Office of Veterans Business Development, Congress, the President, and other U.S. policymakers.

Tuesday, July 15

Interagency Task Force (IATF) on Veterans Small Business Development Meeting

Who: Elias Hernandez, Associate Administrator, Office of Veterans Business
Development, U.S. Small Business Administration

SBA Office of Manufacturing and Trade

SBA Office of Advocacy

IATF members (Small Business Administration, Departments of Veterans Affairs, Treasury, Defense, and Labor; U.S. General Services Administration; Office of Management and Budget; American Legion; VetForce; National Veteran Small Business Coalition)

When: 1-3 p.m. ET

How: Virtual participants may join using this link: https://bit.ly/IATF-JUL25. Participants who wish to join by phone may do so at +1 206-413-7980 and enter the Conference ID: 278 883 801#

Public comments and questions are strongly encouraged to be submitted in advance via email by July 14 to veteransbusiness@sba.gov. For technical support, please visit the Microsoft Teams support page. Minutes for both meetings will be available at www.sba.gov/ovbd under the “Federal Advisory Committees” section. 

###

About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

MIL OSI USA News –

July 8, 2025
MIL-Evening Report: Quitting the quit-aid: people trying to stop vaping nicotine need more support – here are some strategies to help

Source: The Conversation (Au and NZ) – By Joya Kemper, Associate Professor in Marketing, University of Canterbury

Getty Images

New Zealand is among a number of countries that encourage vaping (the use of e-cigarettes) as a tool to help people stop smoking tobacco. But what happens when people want to quit vaping?

Nicotine vapes can be addictive. While they have helped many New Zealanders quit smoking cigarettes, others – including people who never smoked – now find themselves wanting to quit vaping.

To better understand how and why people try to quit, we surveyed more than 1,000 people in Aotearoa New Zealand who have used nicotine vapes.

The findings from our study point to a need for support that treats vaping cessation like quitting smoking because for many, the challenges are similar.

We focused on New Zealanders aged 16 and over who had vaped nicotine. Of the 1,119 respondents, 401 currently vaped and 718 had quit vaping. Around one in eight had never smoked tobacco at all.

We found using vapes for more than two years and with nicotine concentrations above 3% was linked to higher dependence on vaping. Most current or past vapers wanted to stop, and more than three-quarters of participants had made up to three serious attempts to quit vaping.

How people try to stop vaping

Some people wanted to quit vaping because what began as a tool to support quitting smoking has become a new source of frustration or worry.

The most common reasons to stop vaping were concerns about current or future health, disliking the feeling of being dependent, and the cost of vaping products. These motivations echo the reasons many people cite for quitting smoking, suggesting that people who vape (like most people who smoke) do not want to remain hooked on nicotine, even if it helped them quit cigarettes.

Participants used a variety of strategies to quit, including abrupt cessation (“cold turkey”), switching to other forms of reduced-harm nicotine (such as nicotine patches, gums, lozenges, mouth sprays), and tapering down nicotine levels. Many also relied on support from whānau (family) and friends.

These strategies mirror those used in smoking cessation.

Our participants reiterate the importance of personal strategies, building on previous work on interventions that target vaping cessation.

Some people did quit vaping and had no problem quitting. However, others struggled. Triggers that cause a relapse to vaping are similar to those many people who smoke experience, including stress and symptoms of nicotine withdrawal.

Being around others who vape is also a trigger for relapse. These factors highlight the social and psychological effects of vaping, just as they have long been recognised in tobacco addiction research.

Importantly, these triggers appeared consistent across different groups regardless of age, gender, cultural background or smoking history. Whether someone vaped to stop smoking or whether vaping was the first nicotine product they tried, quitting came with similar challenges.

Better support for vaping cessation

Our study suggests many New Zealanders are now trying to quit nicotine vapes, and some face real barriers to doing so.

We think existing smoking-cessation support and medications could play a useful role. These tools include behavioural support, such as building self-belief in the ability to quit, identifying key triggers (and strategies to avoid them), stress management strategies, and access to tapering schedules (cutting down the frequency of vaping over time or gradually reducing nicotine concentration).

As previous work shows, the type of support needed may differ between older tobacco smokers and the growing population of teens taking up vaping.

Vaping as an exit from tobacco smoking should still be offered to people who smoke. Once vaping is taken up, it should be promoted as a medium-term, step-down tactic (3–12 months), while ensuring that relapse to smoking is avoided. Such a strategy aligns with vaping-cessation guidance provided in the United Kingdom, Canada and New Zealand.

But it’s clear the landscape has shifted. Vaping is no longer just used to quit smoking; vapes are used by people who have never smoked.

For some, vaping becomes a habit they want to quit in its own right, but it may not always be easy given the addictive nature of nicotine. We need dedicated support for vaping cessation to address this growing concern.

Findings from our survey have been key to the development of a New Zealand vaping-cessation clinical trial currently underway. People who are interested in quitting vaping can find out more and register their interest.

This study was supported by a grant from the University of Auckland, Faculty of Medical and Health Sciences Research and Development Fund.

Amanda Palmer has received funding from the US National Institutes of Health and Hollings Cancer Center at the Medical University of South Carolina.

Bodo Lang has received funding from the Health Research Council of NZ.

Chris Bullen receives funding from the Health Research Council of NZ, Ministry of Health and US NIH for research projects on smoking and vaping and personal funding from Kenvue Asia for cochairing ASEAN smoking-cessation leadership meetings. He co-chairs the smokefree expert advisory group for Health Coalition Aotearoa.

George Laking has received funding from the Health Research Council of NZ.

Jamie Brown has received (most recently in 2018) unrestricted funding to study smoking cessation from Pfizer and J&J, which manufacture medically licensed smoking cessation medications.

Lion Shahab received personal fees from a grant funded by the US National Cancer Institute as part of his role as a member of an external scientific advisory committee outside of the submitted work. He also acted as a paid reviewer for grant awarding bodies and as a paid consultant for health-care companies and, in the past, has received honoraria for talks, an unrestricted research grant, and travel expenses to attend meetings and workshops by producers of smoking cessation medication (Pfizer/Johnson&Johnson).

Natalie Walker has received personal fees from a grant funded by the US National Cancer Institute as part of her role as a member of the external scientific advisory committee. She is involved in a grant (in-kind) supported by the National Health and Medical Research Council of Australia. She also received grants from the Health Research Council of NZ and funds from the US National Institute for Health and the Food and Drug Administration tobacco regulatory science grant. She has acted as a paid reviewer for grant awarding bodies. She has no financial links with tobacco companies, e-cigarette manufacturers, or their representatives.

Vili Nosa has received funding from the Health Research Council of NZ.

– ref. Quitting the quit-aid: people trying to stop vaping nicotine need more support – here are some strategies to help – https://theconversation.com/quitting-the-quit-aid-people-trying-to-stop-vaping-nicotine-need-more-support-here-are-some-strategies-to-help-259899

MIL OSI Analysis – EveningReport.nz –

July 8, 2025

MIL-OSI Africa: Kingdom of Lesotho: Staff Concluding Statement of the 2025 Article IV Mission

Source: APO

Against a backdrop of low growth, high unemployment, and widespread poverty, Lesotho’s government-led growth model has long struggled to deliver on the authorities’ growth and development goals. Now, an additional set of external shocks has further clouded the outlook. From a modest peak of 2.6 percent in FY24/25, GDP growth is expected to almost halve to 1.4 percent in FY25/26, reflecting a much more turbulent and uncertain external environment. The peg to the Rand has continued to serve Lesotho well, helping bring inflation down from a peak of 8.2 percent in early 2024 to 4.0 percent in April 2025.
Prudent government spending during FY24/25, along with buoyant South African Customs Union (SACU) transfers and water royalties have once again resulted in a sizable fiscal surplus. This has enhanced longer-term fiscal sustainability and helped strengthen foreign reserves, which supports the peg. Looking forward, increased water royalties from South Africa will further boost revenue, and help offset easing SACU transfers.
The main challenge for the authorities is to transform these fiscal surpluses into sustainable and high-quality growth — now even more urgent in light of recent shocks. Public funds should be saved wisely and spent strategically, with an emphasis on high-return investment projects. More effective use of public funds, alongside structural reforms, should support longer-term private sector-led growth.

An International Monetary Fund (IMF) team led by Mr. Andrew Tiffin held meetings in Maseru with the authorities of Lesotho and other counterparts from the public and private sectors and civil society from June 4 to 17, 2025, as part of the 2025 Article IV consultation. Discussions focused on the mix of fiscal and monetary policies to ensure macroeconomic stability and debt sustainability, as well as the structural reforms needed to create jobs, reduce poverty, and facilitate the transition to private-sector-led growth.

Context and Outlook

IMF staff estimates suggest that real GDP growth picked up modestly in FY24/25 to 2.6 percent, up from 2.0 percent the previous year. In large part, this reflects spillovers from the Lesotho Highlands Water Project (LHWP-II), which has helped offset declining competitiveness in the apparel sector and the impact on exports of lower diamond prices. Headline inflation was 4.0 percent in April, down from a peak of 8.2 percent in January 2024. The gap between CPI inflation in Lesotho and South Africa mainly reflects the larger share of food in Lesotho’s CPI basket.

Lesotho’s fiscal balance registered a sizable surplus in FY24/25. South African Customs Union (SACU) transfers are up by almost 14 percent of GDP compared with FY23/24, and recurrent spending has remained steady as a proportion of GDP, owing to a moratorium on public sector hiring and a reduction in the in-kind social assistance benefits. Capital spending increased but execution remained short of budgeted levels. The net impact has been a fiscal surplus of 9.0 percent of GDP in FY24/25, which helped lift gross international reserves to 6 months of imports; strengthening the peg. With less issuance of domestic debt, clearance of domestic arrears, and repayment of an IMF arrangement under the Rapid Financing Facility, public debt fell to 56.6 percent of GDP in FY24/25, down from 61.5 percent in FY23/24.

However, a more uncertain global environment has undermined Lesotho’s economic outlook, with growth expected to almost halve to 1.4 percent in FY25/26. In particular, the sudden shift in policies by the United States on tariffs and official development assistance (ODA) will hit the economy hard. Details of US intentions are still unclear, but as a small and vulnerable country, Lesotho is one of the most exposed countries in Africa to changing US priorities. Exports to the United States represent 10 percent of Lesotho’s GDP, and foreign assistance from the United States has typically amounted to around 3½ percent of GDP, mostly concentrated on disease prevention and other critical health needs.

Looking ahead, Lesotho has options. SACU transfers are expected to drop to their long-term average this year (down 6 percentage points to less than 20 percent of GDP). Filling the gap, however, renegotiated water royalty rates under the Treaty with South Africa on the LHWP-II represent a significant source of revenue—rising to almost 13 percent of GDP in FY25/26 and then settling at around 10 percent of GDP every year over the medium term. In sum, domestic revenues are expected to be around 8-10 percent of GDP higher than just a few years ago. On the monetary side, the peg to the Rand continues to serve the economy well and should remain the main focus of monetary policy. Policy rates should continue to follow South African rates closely. The central bank should take advantage of the current easing cycle to close the remaining gap with South Africa.

The key challenge for the authorities is to transform Lesotho’s fiscal surpluses into sustained, high-quality growth. A striking lesson from the country’s recent history, however, is that greater public spending is no guarantee of higher living standards. As a proportion of GDP, for example, government spending in Lesotho is well above international norms—more than double the SACU average. But this has not been matched by improved economic performance. Indeed, real per capita incomes shrunk by 12 percent between 2016 and 2023, and unemployment and inequality remain high. Considering the possible uses of Lesotho’s surpluses, therefore, the main goal of the authorities should be to ensure that this time is different, and that these funds are saved wisely and spent strategically.

Saving Wisely

Greater savings will require continued fiscal prudence. To this end, the authorities should maintain their efforts to control recurrent spending and enhance capacity in tax revenue analysis and administration.

Contain the wage bill. Lesotho’s wage bill (as a share of GDP) is the highest among SACU members and triple the sub-Saharan African average. Reducing the amount spent on wages has long been a key recommendation of past Article IV consultations. And the government’s continued restraint over the past year has been a critical step in the right direction—this effort should continue, with a continued moratorium on hiring, streamlining of the establishment list, and regular reviews of the compensation system. It should be noted, however, that reducing the wage bill is not an end in itself. Ultimately the objective is a fair and performance-based public employment system that rewards productivity and ensures better delivery of public services.
Improve tax policy design and strengthen tax administration. The Tax Policy Unit has been established and key staff are being hired. With help from the IMF, the unit’s capacity to accurately forecast revenue and improve tax-system design should be strengthened quickly. On tax administration, a phased reform strategy is being implemented in line with the IMF’s 2023 TADAT assessment. Prompt approval of the two tax policy bills and tax administration bill could help address identified deficiencies in many areas.
Improve the efficiency of social spending to target the most needy. Social spending is several times that of neighboring countries as a share of GDP but the targeting of social safety schemes should be improved. For example, the tertiary loan bursary fund education scheme (2.7 percent of GDP) provides loans to many who typically do not need support and fail to repay (loan recovery is only 2 percent). A better targeted safety net would not only free resources for the most vulnerable but would also help enhance Lesotho’s resilience to new shocks. In this regard, the authorities should move proactively to take stock of services likely to be disrupted by cuts in U.S. assistance and swiftly develop a coordinated plan to ensure continued delivery of essential health services. More broadly, the authorities should enhance the operation of existing cash transfer programs, reinstate the national digital system for social registry to better streamline the identification and registration of beneficiaries, and accelerate the deployment of new benefit delivery tools.

The authorities should quickly establish a well-governed savings framework (stabilization fund). The details of a framework have been developed in close cooperation with Lesotho’s development partners and aim to ensure a stable source of government funding going forward, which in turn would allow for uninterrupted service delivery even in the face of shocks. With sufficient savings, the fund might also help finance future development spending, such as infrastructure investment. To be effective, the fund needs to be anchored by a clear and credible fiscal rule, which would guide the conditions under which funds are deposited and withdrawn. The fund should also be set within a firm legal framework, with a clear governance structure that is independent from political influence, safeguarding Lesotho’s savings until they can be used wisely. In this regard, the authorities are currently developing the policy, expected by July 2025, that will guide the stipulated legal framework for the stabilization fund.

Within the framework, a key anchor would be a target for Lesotho’s public debt. Until very recently, debt has trended steadily upward, rising sharply during the COVID-19 pandemic. The decline over the past year has been welcome, but the IMF’s Debt Sustainability Analysis still suggests that, although the risk of debt distress is “moderate,” there is little scope to absorb any further shocks. These might easily push debt to a level where the risk of debt distress is high. A medium-term goal of 50 percent of GDP would be appropriate, as it would allow for greater resilience and is consistent with the debt anchor proposed in the fiscal rules. The authorities should therefore scale back new borrowing but might also consider first retiring existing (high cost) debt. In addition, the authorities should clear any remaining or new domestic arrears as soon as possible.

Spending Strategically

Improved public investment management is needed to increase the quality of capital spending. Before Lesotho’s savings are allocated for investment or infrastructure projects, sufficient controls should be in place to ensure that this investment represents value for money. Historically, high levels of public investment in Lesotho have not resulted in a capital stock of equal quality. And owing to longstanding capacity constraints, the capital budget continues to be significantly under executed. Authorities should take steps to boost the efficiency of public investment, including by creating a centralized asset registry, establishing a prioritized project pipeline and enhancing capacity for project management and monitoring. In this regard, the request for a Public Investment Management Assessment from the IMF is timely and welcome.

In support of efforts to ensure value for money, the authorities should redouble their efforts to enhance Public Financial Management (PFM). Without these measures in place, there is a danger that new revenues will simply be wasted.

Budget preparation and execution must be strengthened to enhance budget credibility. This requires improved expenditure control through better collaboration between departments, monitoring and identification of mis-appropriated funds, and regular and timely audits. More broadly, the authorities should implement the Medium-Term Expenditure Framework to better align policy objectives with budget allocations over a multi-year timeframe and enhance long-term planning.
To build further trust in PFM, the authorities should strengthen internal controls within the integrated financial management system. The authorities should accelerate the deployment of digital signatures to strengthen payment processes and prevent the accumulation of arrears.
The authorities should also continue their efforts to ensure a comprehensive analysis and management of fiscal risks. Several fiscal risks have materialized in recent years, including from collapsed public private partnerships; unquantified arrears; and transfers and contingent liabilities from state-owned enterprises (SOEs). The authorities should further strengthen the effectiveness of SOE management and reporting and continue the release of a fiscal risk statement as part of the annual budget process.

As a matter of priority, therefore, pending PFM legislation should be passed as soon as possible. Currently, the most pressing items include i) the Public Financial Management and Accountability Bill; ii) the Public Debt Management Bill; and iii) secondary legislation to implement the 2023 Public Procurement Act. Together, this legislation will improve the efficiency and transparency of procurement, enhance fiscal responsibility and budget processes, strengthen financial management and fiscal reporting. The legislation will also help ensure that the government’s public borrowing plan is well integrated with the budget process.

With these measures and controls in place, Lesotho would be in a much better position to transform its accumulated surpluses into high-quality growth. In line with the authorities’ announced shift in emphasis from recurrent spending to capital spending, a focus on the cost effectiveness of public investment would allow for increased levels of better-quality investment, and ultimately higher growth. This would naturally entail lower fiscal surpluses going forward. However, in this context, a more relaxed fiscal stance would not necessarily entail a higher debt path, but would instead result in a slower, but acceptable, pace of reserve accumulation.

Supporting Private-Sector Growth

Improved public investment will need to be accompanied by broad structural reforms. Better service delivery and higher-quality investment will be helpful. But the current government-led growth model has resulted in an economy with a small and undiversified private sector—contributing to low productivity, anemic private investment, declining competitiveness, and high informality. In parallel, therefore, the authorities should accelerate efforts to unlock the growth potential of the private sector.

Supporting financial inclusion and literacy is imperative. Evidence suggests that access to finance remains a key challenge, particularly for small and informal firms. This in turn undermines private-sector job creation. The authorities have addressed this through various interventions, including partial credit guarantees, establishment of a moveable asset registry, and support of a credit bureau. And signs of a positive impact are emerging, particularly in financial access for small enterprises. Building on this success, the new Financial Sector Development Strategy and National Financial Inclusion Strategy are welcome and should be implemented swiftly as a matter of priority.
Providing a stable, predictable, and well-regulated business environment is also essential. For larger firms, needed reforms include measures to reduce the cost of doing business, and efforts to boost private investor confidence—including through transparent and consistent regulatory frameworks, greater policy consistency, and a clear long-term strategy for infrastructure development. To reverse the long-term decline of some industries (e.g., textiles) and take full advantage of new opportunities, the authorities should focus on coordinating and streamlining the efforts of the Lesotho National Development Corporation and the Basotho Enterprise Development Corporation. The authorities should also enhance the regulatory framework for the establishment, operation, and oversight of SOEs, while developing a strategy for the gradual privatization of non-performing SOEs to enhance efficiency and attract investment.
Mitigating corruption and strengthening the rule of law is essential to restoring confidence, investment, and growth. Legacy fraud cases point to underlying vulnerabilities in payment and procurement, underscoring the need for the transparency and accountability that would result from successful PFM reform. More broadly, strengthening key bodies such as the Office of the Auditor General and the Directorate on Corruption and Economic Offences (DCEO) would also send a strong signal of the government’s resolve, and help incentivize private sector development. In this regard, the increased funding and expansion of the DCEO has been most welcome.

The IMF team thanks the Lesotho authorities and other counterparts for their hospitality and for a candid and productive set of discussions.

Lesotho: Selected Economic Indicators, 2020/21–2030/31 1/

Population (thousands; 2023 est.)	2,330	Per capita GDP (US$, 2024)	1,067
Quota (current, millions SDR)	69.8	Poverty rate at national poverty line (percent, 2017 est.)	49.7
Main exports	Textiles, Diamond, Water	Literacy rate (2022)	82.0
Key export markets	South Africa, U.S.

	2020/21	2021/22	2022/23	2023/24	2024/25	2025/26	2026/27	2027/28	2028/29	2029/30	2030/31
	Actual			Est.	Projections
	(Percentage Change)
Real GDP growth (%, including LHWP-II)	-5.3	1.9	2.0	2.0	2.6	1.4	1.1	0.8	1.4	1.5	1.5
Real GDP growth (%, excluding LHWP-II)	-4.4	2.2	1.2	1.5	2.0	0.2	1.3	2.1	1.6	1.6	1.7
Inflation (%)	5.4	6.5	8.2	6.5	5.2	4.5	4.8	5.1	5.1	5.0	5.0
	(Percent of GDP)
Revenue	55.6	48.8	44.4	56.7	62.2	59.5	58.7	58.8	57.2	57.4	56.6
Of which: SACU transfers	26.2	16.5	14.0	24.5	26.0	19.6	20.4	21.6	19.9	20.0	19.1
Recurrent Expenditure	43.0	38.3	38.9	40.8	40.9	43.8	42.0	42.5	42.6	42.6	42.7
Capital Expenditure	11.4	15.4	12.0	8.6	12.3	12.8	12.9	12.9	13.0	13.1	13.1
Fiscal balance	1.2	-4.9	-6.4	7.3	9.0	2.8	3.8	3.4	1.7	1.7	0.8
Public debt	54.7	58.0	64.4	61.5	56.6	56.9	57.1	57.5	57.6	57.6	57.6

Broad money (% change)	12.2	0.0	8.7	15.2	9.4	2.1	3.3	4.2	4.8	4.6	4.6
Credit to the private sector (% change)	-3.0	6.7	8.7	12.4	11.5	6.6	4.6	7.1	6.8	7.2	7.3
Interest rate (%)	4.1	3.5	5.3	7.6	7.7	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A

Current account	-5.7	-9.1	-14.0	-0.8	2.2	-4.6	-2.9	-3.1	-3.9	-2.7	-1.5
CA excl. LHWP – II imports	-2.6	-6.8	-10.9	3.9	10.4	1.4	1.4	1.0	-1.6	-2.0	-1.2
FDI, net	-1.3	1.5	-0.8	1.9	0.4	-0.5	-0.5	-0.5	-0.5	-0.8	-0.8
External debt	42.9	42.0	47.1	47.0	45.3	45.6	45.7	46.0	46.1	46.2	46.1

REER (% change)	-6.0	8.7	-1.8	-6.8	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A
Source: Lesotho authorities, World Bank, and IMF staff calculations. 1/ The fiscal year runs from April 1 to March 31.

Distributed by APO Group on behalf of International Monetary Fund (IMF).

MIL OSI Africa –

July 8, 2025

MIL-OSI Russia: Kingdom of Lesotho: Staff Concluding Statement of the 2025 Article IV Mission

Source: IMF – News in Russian

July 7, 2025

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

Against a backdrop of low growth, high unemployment, and widespread poverty, Lesotho’s government-led growth model has long struggled to deliver on the authorities’ growth and development goals. Now, an additional set of external shocks has further clouded the outlook. From a modest peak of 2.6 percent in FY24/25, GDP growth is expected to almost halve to 1.4 percent in FY25/26, reflecting a much more turbulent and uncertain external environment. The peg to the Rand has continued to serve Lesotho well, helping bring inflation down from a peak of 8.2 percent in early 2024 to 4.0 percent in April 2025.
Prudent government spending during FY24/25, along with buoyant South African Customs Union (SACU) transfers and water royalties have once again resulted in a sizable fiscal surplus. This has enhanced longer-term fiscal sustainability and helped strengthen foreign reserves, which supports the peg. Looking forward, increased water royalties from South Africa will further boost revenue, and help offset easing SACU transfers.
The main challenge for the authorities is to transform these fiscal surpluses into sustainable and high-quality growth — now even more urgent in light of recent shocks. Public funds should be saved wisely and spent strategically, with an emphasis on high-return investment projects. More effective use of public funds, alongside structural reforms, should support longer-term private sector-led growth.

Washington, DC: An International Monetary Fund (IMF) team led by Mr. Andrew Tiffin held meetings in Maseru with the authorities of Lesotho and other counterparts from the public and private sectors and civil society from June 4 to 17, 2025, as part of the 2025 Article IV consultation. Discussions focused on the mix of fiscal and monetary policies to ensure macroeconomic stability and debt sustainability, as well as the structural reforms needed to create jobs, reduce poverty, and facilitate the transition to private-sector-led growth.

Context and Outlook

Saving Wisely

Greater savings will require continued fiscal prudence. To this end, the authorities should maintain their efforts to control recurrent spending and enhance capacity in tax revenue analysis and administration.

Contain the wage bill. Lesotho’s wage bill (as a share of GDP) is the highest among SACU members and triple the sub-Saharan African average. Reducing the amount spent on wages has long been a key recommendation of past Article IV consultations. And the government’s continued restraint over the past year has been a critical step in the right direction—this effort should continue, with a continued moratorium on hiring, streamlining of the establishment list, and regular reviews of the compensation system. It should be noted, however, that reducing the wage bill is not an end in itself. Ultimately the objective is a fair and performance-based public employment system that rewards productivity and ensures better delivery of public services.
Improve tax policy design and strengthen tax administration. The Tax Policy Unit has been established and key staff are being hired. With help from the IMF, the unit’s capacity to accurately forecast revenue and improve tax-system design should be strengthened quickly. On tax administration, a phased reform strategy is being implemented in line with the IMF’s 2023 TADAT assessment. Prompt approval of the two tax policy bills and tax administration bill could help address identified deficiencies in many areas.
Improve the efficiency of social spending to target the most needy. Social spending is several times that of neighboring countries as a share of GDP but the targeting of social safety schemes should be improved. For example, the tertiary loan bursary fund education scheme (2.7 percent of GDP) provides loans to many who typically do not need support and fail to repay (loan recovery is only 2 percent). A better targeted safety net would not only free resources for the most vulnerable but would also help enhance Lesotho’s resilience to new shocks. In this regard, the authorities should move proactively to take stock of services likely to be disrupted by cuts in U.S. assistance and swiftly develop a coordinated plan to ensure continued delivery of essential health services. More broadly, the authorities should enhance the operation of existing cash transfer programs, reinstate the national digital system for social registry to better streamline the identification and registration of beneficiaries, and accelerate the deployment of new benefit delivery tools.

The authorities should quickly establish a well-governed savings framework (stabilization fund). The details of a framework have been developed in close cooperation with Lesotho’s development partners and aim to ensure a stable source of government funding going forward, which in turn would allow for uninterrupted service delivery even in the face of shocks. With sufficient savings, the fund might also help finance future development spending, such as infrastructure investment. To be effective, the fund needs to be anchored by a clear and credible fiscal rule, which would guide the conditions under which funds are deposited and withdrawn. The fund should also be set within a firm legal framework, with a clear governance structure that is independent from political influence, safeguarding Lesotho’s savings until they can be used wisely. In this regard, the authorities are currently developing the policy, expected by July 2025, that will guide the stipulated legal framework for the stabilization fund.

Within the framework, a key anchor would be a target for Lesotho’s public debt. Until very recently, debt has trended steadily upward, rising sharply during the COVID-19 pandemic. The decline over the past year has been welcome, but the IMF’s Debt Sustainability Analysis still suggests that, although the risk of debt distress is “moderate,” there is little scope to absorb any further shocks. These might easily push debt to a level where the risk of debt distress is high. A medium-term goal of 50 percent of GDP would be appropriate, as it would allow for greater resilience and is consistent with the debt anchor proposed in the fiscal rules. The authorities should therefore scale back new borrowing but might also consider first retiring existing (high cost) debt. In addition, the authorities should clear any remaining or new domestic arrears as soon as possible.

Spending Strategically

Improved public investment management is needed to increase the quality of capital spending. Before Lesotho’s savings are allocated for investment or infrastructure projects, sufficient controls should be in place to ensure that this investment represents value for money. Historically, high levels of public investment in Lesotho have not resulted in a capital stock of equal quality. And owing to longstanding capacity constraints, the capital budget continues to be significantly under executed. Authorities should take steps to boost the efficiency of public investment, including by creating a centralized asset registry, establishing a prioritized project pipeline and enhancing capacity for project management and monitoring. In this regard, the request for a Public Investment Management Assessment from the IMF is timely and welcome.

In support of efforts to ensure value for money, the authorities should redouble their efforts to enhance Public Financial Management (PFM). Without these measures in place, there is a danger that new revenues will simply be wasted.

Budget preparation and execution must be strengthened to enhance budget credibility. This requires improved expenditure control through better collaboration between departments, monitoring and identification of mis-appropriated funds, and regular and timely audits. More broadly, the authorities should implement the Medium-Term Expenditure Framework to better align policy objectives with budget allocations over a multi-year timeframe and enhance long-term planning.
To build further trust in PFM, the authorities should strengthen internal controls within the integrated financial management system. The authorities should accelerate the deployment of digital signatures to strengthen payment processes and prevent the accumulation of arrears.
The authorities should also continue their efforts to ensure a comprehensive analysis and management of fiscal risks. Several fiscal risks have materialized in recent years, including from collapsed public private partnerships; unquantified arrears; and transfers and contingent liabilities from state-owned enterprises (SOEs). The authorities should further strengthen the effectiveness of SOE management and reporting and continue the release of a fiscal risk statement as part of the annual budget process.

With these measures and controls in place, Lesotho would be in a much better position to transform its accumulated surpluses into high-quality growth. In line with the authorities’ announced shift in emphasis from recurrent spending to capital spending, a focus on the cost effectiveness of public investment would allow for increased levels of better-quality investment, and ultimately higher growth. This would naturally entail lower fiscal surpluses going forward. However, in this context, a more relaxed fiscal stance would not necessarily entail a higher debt path, but would instead result in a slower, but acceptable, pace of reserve accumulation.

Supporting Private-Sector Growth

Supporting financial inclusion and literacy is imperative. Evidence suggests that access to finance remains a key challenge, particularly for small and informal firms. This in turn undermines private-sector job creation. The authorities have addressed this through various interventions, including partial credit guarantees, establishment of a moveable asset registry, and support of a credit bureau. And signs of a positive impact are emerging, particularly in financial access for small enterprises. Building on this success, the new Financial Sector Development Strategy and National Financial Inclusion Strategy are welcome and should be implemented swiftly as a matter of priority.
Providing a stable, predictable, and well-regulated business environment is also essential. For larger firms, needed reforms include measures to reduce the cost of doing business, and efforts to boost private investor confidence—including through transparent and consistent regulatory frameworks, greater policy consistency, and a clear long-term strategy for infrastructure development. To reverse the long-term decline of some industries (e.g., textiles) and take full advantage of new opportunities, the authorities should focus on coordinating and streamlining the efforts of the Lesotho National Development Corporation and the Basotho Enterprise Development Corporation. The authorities should also enhance the regulatory framework for the establishment, operation, and oversight of SOEs, while developing a strategy for the gradual privatization of non-performing SOEs to enhance efficiency and attract investment.
Mitigating corruption and strengthening the rule of law is essential to restoring confidence, investment, and growth. Legacy fraud cases point to underlying vulnerabilities in payment and procurement, underscoring the need for the transparency and accountability that would result from successful PFM reform. More broadly, strengthening key bodies such as the Office of the Auditor General and the Directorate on Corruption and Economic Offences (DCEO) would also send a strong signal of the government’s resolve, and help incentivize private sector development. In this regard, the increased funding and expansion of the DCEO has been most welcome.

The IMF team thanks the Lesotho authorities and other counterparts for their hospitality and for a candid and productive set of discussions.

Lesotho: Selected Economic Indicators, 2020/21–2030/31 1/

Population (thousands; 2023 est.)	2,330	Per capita GDP (US$, 2024)	1,067
Quota (current, millions SDR)	69.8	Poverty rate at national poverty line (percent, 2017 est.)	49.7
Main exports	Textiles, Diamond, Water	Literacy rate (2022)	82.0
Key export markets	South Africa, U.S.

	2020/21	2021/22	2022/23	2023/24	2024/25	2025/26	2026/27	2027/28	2028/29	2029/30	2030/31
	Actual			Est.	Projections
	(Percentage Change)
Real GDP growth (%, including LHWP-II)	-5.3	1.9	2.0	2.0	2.6	1.4	1.1	0.8	1.4	1.5	1.5
Real GDP growth (%, excluding LHWP-II)	-4.4	2.2	1.2	1.5	2.0	0.2	1.3	2.1	1.6	1.6	1.7
Inflation (%)	5.4	6.5	8.2	6.5	5.2	4.5	4.8	5.1	5.1	5.0	5.0
	(Percent of GDP)
Revenue	55.6	48.8	44.4	56.7	62.2	59.5	58.7	58.8	57.2	57.4	56.6
Of which: SACU transfers	26.2	16.5	14.0	24.5	26.0	19.6	20.4	21.6	19.9	20.0	19.1
Recurrent Expenditure	43.0	38.3	38.9	40.8	40.9	43.8	42.0	42.5	42.6	42.6	42.7
Capital Expenditure	11.4	15.4	12.0	8.6	12.3	12.8	12.9	12.9	13.0	13.1	13.1
Fiscal balance	1.2	-4.9	-6.4	7.3	9.0	2.8	3.8	3.4	1.7	1.7	0.8
Public debt	54.7	58.0	64.4	61.5	56.6	56.9	57.1	57.5	57.6	57.6	57.6

Broad money (% change)	12.2	0.0	8.7	15.2	9.4	2.1	3.3	4.2	4.8	4.6	4.6
Credit to the private sector (% change)	-3.0	6.7	8.7	12.4	11.5	6.6	4.6	7.1	6.8	7.2	7.3
Interest rate (%)	4.1	3.5	5.3	7.6	7.7	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A

Current account	-5.7	-9.1	-14.0	-0.8	2.2	-4.6	-2.9	-3.1	-3.9	-2.7	-1.5
CA excl. LHWP – II imports	-2.6	-6.8	-10.9	3.9	10.4	1.4	1.4	1.0	-1.6	-2.0	-1.2
FDI, net	-1.3	1.5	-0.8	1.9	0.4	-0.5	-0.5	-0.5	-0.5	-0.8	-0.8
External debt	42.9	42.0	47.1	47.0	45.3	45.6	45.7	46.0	46.1	46.2	46.1

REER (% change)	-6.0	8.7	-1.8	-6.8	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A
Source: Lesotho authorities, World Bank, and IMF staff calculations. 1/ The fiscal year runs from April 1 to March 31.

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Julie Ziegler

Phone: +1 202 623-7100Email: MEDIA@IMF.org

https://www.imf.org/en/News/Articles/2025/07/07/kingdom-of-lesotho-staff-concluding-statement-of-the-2025-art-iv-mission

MIL OSI

MIL OSI Russia News –

July 8, 2025

MIL-OSI Europe: New boost for Regional Resilience Fund rollout, financing affordable housing, urban development and sustainable tourism
Source: European Investment Bank

©VicaPhoto/ Shutterstock
- The EIB has announced the signature of agreements with Arcano Partners and Buenavista Infrastructure totalling €410 million.
- The agreements will channel new funding to urban development projects (including those promoting affordable housing) and others related to sustainable tourism.
- The funds come from the Regional Resilience Fund financed by NextGenerationEU and implemented by the Spanish Ministry of Economy, Trade and Enterprise with EIB support.
The European Investment Bank (EIB) has signed agreements with Buenavista Infrastructure and Arcano Partners to channel a total of €410 million to new urban development projects (including those promoting affordable housing) and others related to sustainable tourism.

The agreements were made possible by a contribution from the Regional Resilience Fund, part of Spain’s Recovery, Transformation and Resilience Plan and financed by NextGenerationEU. More specifically, this was facilitated by the launch of a new EIB-managed instrument to channel financing via financial intermediaries to back urban development and sustainable tourism.

The intermediaries selected by the EIB will assess investment opportunities across the country to promote urban development in areas such as affordable housing, education, healthcare, social and cultural infrastructure, sustainable mobility, waste and water management, energy efficiency and sustainable tourism. The investment period runs until December 2030.

The first two intermediaries selected for the distribution of these funds were Arcano Partners (with a €210 million signature) and Buenavista Infrastructure (€200 million).

The first two intermediaries selected for the deployment of these funds were Arcano Partners and Buenavista Infrastructure. Arcano Partners has been allocated €210 million by the EIB, which it will channel through “Spanish Urban Development SICC” fund. Buenavista Infrastructure was allocated €200 million to be channelled through “Buenavista NextGen Urban SICC” fund. Both are regulated vehicles set up specifically for this action. Funding can happen in the form of both equity investment and debt, or a combination of both. The maximum allocation per project is 22 million while maximum recovery periods are 15 years for equity investments and 20 years for debt.

“These agreements are a further step forward in the rollout of the EIB Group-managed Regional Resilience Fund and will drive new investment to promote urban development and sustainable tourism. The resources can also go to affordable housing projects, which is one of the EIB Group’s strategic priorities,” said EIB Director General of Financing and Advisory Operations within the European Union Jean-Christophe Laloux. “Close cooperation with the Ministry of Economy, Trade and Enterprise made it possible to launch this new line of action for the Regional Resilience Fund, promoting key investments in Spain’s regions.”

“Thanks to the signature of these agreements, the implementation of the intermediated instrument for urban development and sustainable tourism materialised. This instrument is one of the pillars of the Regional Resilience Fund. It will channel funds to relatively small projects that aim to invest in social and affordable housing and urban regeneration, as well as sustainable tourism activities. Furthermore, funds from the Regional Resilience Fund continue to be a crucial tool for the green transition in Spain, supporting projects that promote sustainability in key areas such as housing and tourism in various regions of the country,” said Inés Carpio, Director General of International Finance at the Treasury.

Partner in Asset Management at Arcano Partners Eduardo Fernández-Cuesta added: “We are very proud to be once again have the confidence of the European Investment Bank to channel vital financing to bolster our national infrastructure, with a special focus on small and medium-sized enterprises. This combined debt and equity strategy will enable Arcano Partners to continue to diversify our capabilities and deliver the excellence we guarantee to our private investors and the public sector institutions that rely on us to manage investments.”

Managing Partner at Buenavista Infrastructure Victoriano López-Pinto said: “We are very grateful for the vote of confidence in our judgment and expertise in facilitating the use of EU funds. With this new allocation, we have become one of the leading European fund managers by volume of European funds under management. Our team is one of the most experienced in managing public funds and we are excited to be able to contribute to this project promoting local connections, sustainable urban development and the renovation of our national tourism infrastructure to make it more sustainable.”

Background information

EIB

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024. This financing is contributing to the country’s green and digital transition, economic growth, competitiveness and improved services for residents.

High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

Regional Resilience Fund

The Regional Resilience Fund (RRF) was created to facilitate access to NextGenerationEU loans from the Spanish Recovery, Transformation and Resilience Plan for the autonomous communities, with the aim of boosting investments and developing projects in eight priority areas: social and affordable housing; urban renewal; transport and sustainable tourism; the energy transition; water and waste management; the care economy; research, development and innovation; and the competitiveness of industry and SMEs.

The fund is led by the Ministry of Economy, Trade and Enterprise, which takes input from the autonomous communities and cities for investment decision-making and looks to the EIB Group as a strategic management partner.

The initial phase of the RRF includes the activation of up to €3.4 billion in financing via:
- a direct financing mechanism, to co-finance EIB-supported operations in sectors like renewable energy, clean transport and sustainable infrastructure;
- an intermediated mechanism managed by financial intermediaries selected by the EIB, to support projects in urban development and sustainable tourism;
- two instruments intermediated by the European Investment Fund that will facilitate SME financing for innovation, sustainability and competitiveness.
Arcano Partners

Arcano Partners, founded in 2003, is an independent global firm with more than 20 years of experience in international financial advisory and private markets’ asset management. Arcano currently has four business areas:
- Asset Management, with more than €12.5 billion managed and advised since the start of its activity in 2006, and with six asset classes: Private Equity, Credit Strategies, Real Estate, Sus-tainable Infrastructure, Venture Capital and Aviation Finance; Arcano has a strong focus on sustainability and responsible investment, being one of the benchmark asset managers in ESG.
- Investment Banking provides advisory services in M&A, refinancing, restructuring and capi-tal markets transactions to companies in various sectors; Arcano has specialized teams by sector, and additionally offers a transversal technology/digital approach.
- Research & Consulting provides economic, real estate and differential market analysis, as well as geopolitical and technological analysis of both local and global trends. This analysis is extremely useful for optimizing business decisions, especially in environments of extreme uncertainty where the impacts of making mistakes are profound and can be mitigated by in-vesting in quality analysis.
- Asset Finance, an area that allows investors to participate in the creation of solutions for the financing of real or intangible assets in Spain.
Arcano Partners has a team of more than 260 professionals of more than 20 nationalities across 7 offices in Europe and the United States and has become one of the independent firms of reference in the European private markets industry.

Buenavista Partners (www.buenavistaequity.com)

Buenavista Equity Partners is an independent asset manager founded in 1996 that operates in the middle-market segment. It currently manages more than €1 billion through different Private Equity, Infrastructure and Venture Capital vehicles.
MIL OSI Europe News –
July 8, 2025
MIL-OSI Europe: New boost for Regional Resilience Fund rollout, financing affordable housing, urban development and sustainable tourism
Source: European Investment Bank

©VicaPhoto/ Shutterstock
- The EIB has announced the signature of agreements with Arcano Partners and Buenavista Infrastructure totalling €410 million.
- The agreements will channel new funding to urban development projects (including those promoting affordable housing) and others related to sustainable tourism.
- The funds come from the Regional Resilience Fund financed by NextGenerationEU and implemented by the Spanish Ministry of Economy, Trade and Enterprise with EIB support.
The European Investment Bank (EIB) has signed agreements with Buenavista Infrastructure and Arcano Partners to channel a total of €410 million to new urban development projects (including those promoting affordable housing) and others related to sustainable tourism.

The agreements were made possible by a contribution from the Regional Resilience Fund, part of Spain’s Recovery, Transformation and Resilience Plan and financed by NextGenerationEU. More specifically, this was facilitated by the launch of a new EIB-managed instrument to channel financing via financial intermediaries to back urban development and sustainable tourism.

The intermediaries selected by the EIB will assess investment opportunities across the country to promote urban development in areas such as affordable housing, education, healthcare, social and cultural infrastructure, sustainable mobility, waste and water management, energy efficiency and sustainable tourism. The investment period runs until December 2030.

The first two intermediaries selected for the distribution of these funds were Arcano Partners (with a €210 million signature) and Buenavista Infrastructure (€200 million).

The first two intermediaries selected for the deployment of these funds were Arcano Partners and Buenavista Infrastructure. Arcano Partners has been allocated €210 million by the EIB, which it will channel through “Spanish Urban Development SICC” fund. Buenavista Infrastructure was allocated €200 million to be channelled through “Buenavista NextGen Urban SICC” fund. Both are regulated vehicles set up specifically for this action. Funding can happen in the form of both equity investment and debt, or a combination of both. The maximum allocation per project is 22 million while maximum recovery periods are 15 years for equity investments and 20 years for debt.

“These agreements are a further step forward in the rollout of the EIB Group-managed Regional Resilience Fund and will drive new investment to promote urban development and sustainable tourism. The resources can also go to affordable housing projects, which is one of the EIB Group’s strategic priorities,” said EIB Director General of Financing and Advisory Operations within the European Union Jean-Christophe Laloux. “Close cooperation with the Ministry of Economy, Trade and Enterprise made it possible to launch this new line of action for the Regional Resilience Fund, promoting key investments in Spain’s regions.”

“Thanks to the signature of these agreements, the implementation of the intermediated instrument for urban development and sustainable tourism materialised. This instrument is one of the pillars of the Regional Resilience Fund. It will channel funds to relatively small projects that aim to invest in social and affordable housing and urban regeneration, as well as sustainable tourism activities. Furthermore, funds from the Regional Resilience Fund continue to be a crucial tool for the green transition in Spain, supporting projects that promote sustainability in key areas such as housing and tourism in various regions of the country,” said Inés Carpio, Director General of International Finance at the Treasury.

Partner in Asset Management at Arcano Partners Eduardo Fernández-Cuesta added: “We are very proud to be once again have the confidence of the European Investment Bank to channel vital financing to bolster our national infrastructure, with a special focus on small and medium-sized enterprises. This combined debt and equity strategy will enable Arcano Partners to continue to diversify our capabilities and deliver the excellence we guarantee to our private investors and the public sector institutions that rely on us to manage investments.”

Managing Partner at Buenavista Infrastructure Victoriano López-Pinto said: “We are very grateful for the vote of confidence in our judgment and expertise in facilitating the use of EU funds. With this new allocation, we have become one of the leading European fund managers by volume of European funds under management. Our team is one of the most experienced in managing public funds and we are excited to be able to contribute to this project promoting local connections, sustainable urban development and the renovation of our national tourism infrastructure to make it more sustainable.”

Background information

EIB

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024. This financing is contributing to the country’s green and digital transition, economic growth, competitiveness and improved services for residents.

High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

Regional Resilience Fund

The Regional Resilience Fund (RRF) was created to facilitate access to NextGenerationEU loans from the Spanish Recovery, Transformation and Resilience Plan for the autonomous communities, with the aim of boosting investments and developing projects in eight priority areas: social and affordable housing; urban renewal; transport and sustainable tourism; the energy transition; water and waste management; the care economy; research, development and innovation; and the competitiveness of industry and SMEs.

The fund is led by the Ministry of Economy, Trade and Enterprise, which takes input from the autonomous communities and cities for investment decision-making and looks to the EIB Group as a strategic management partner.

The initial phase of the RRF includes the activation of up to €3.4 billion in financing via:
- a direct financing mechanism, to co-finance EIB-supported operations in sectors like renewable energy, clean transport and sustainable infrastructure;
- an intermediated mechanism managed by financial intermediaries selected by the EIB, to support projects in urban development and sustainable tourism;
- two instruments intermediated by the European Investment Fund that will facilitate SME financing for innovation, sustainability and competitiveness.
Arcano Partners

Arcano Partners, founded in 2003, is an independent global firm with more than 20 years of experience in international financial advisory and private markets’ asset management. Arcano currently has four business areas:
- Asset Management, with more than €12.5 billion managed and advised since the start of its activity in 2006, and with six asset classes: Private Equity, Credit Strategies, Real Estate, Sus-tainable Infrastructure, Venture Capital and Aviation Finance; Arcano has a strong focus on sustainability and responsible investment, being one of the benchmark asset managers in ESG.
- Investment Banking provides advisory services in M&A, refinancing, restructuring and capi-tal markets transactions to companies in various sectors; Arcano has specialized teams by sector, and additionally offers a transversal technology/digital approach.
- Research & Consulting provides economic, real estate and differential market analysis, as well as geopolitical and technological analysis of both local and global trends. This analysis is extremely useful for optimizing business decisions, especially in environments of extreme uncertainty where the impacts of making mistakes are profound and can be mitigated by in-vesting in quality analysis.
- Asset Finance, an area that allows investors to participate in the creation of solutions for the financing of real or intangible assets in Spain.
Arcano Partners has a team of more than 260 professionals of more than 20 nationalities across 7 offices in Europe and the United States and has become one of the independent firms of reference in the European private markets industry.

Buenavista Partners (www.buenavistaequity.com)

Buenavista Equity Partners is an independent asset manager founded in 1996 that operates in the middle-market segment. It currently manages more than €1 billion through different Private Equity, Infrastructure and Venture Capital vehicles.
MIL OSI Europe News –
July 8, 2025
MIL-OSI: CNL STRATEGIC CAPITAL GROWS ITS PORTFOLIO WITH INVESTMENT IN SEVENTEENTH COMPANY

Source: GlobeNewswire (MIL-OSI)

Orlando, Fla., July 07, 2025 (GLOBE NEWSWIRE) — CNL Strategic Capital, LLC, with a total investment of approximately $113.5 million, has closed on the acquisition of its 17^th portfolio company, International Franchise Professionals Group (IFPG).

IFPG is a membership-based organization serving more than 1,300 franchise professionals. As one of the largest member networks and marketplaces dedicated to the franchise industry, IFPG’s customer community is made up of franchisors, franchise consultants and vendors who help potential candidates through the process of identifying and investing in a franchise business. Nationally-recognized franchise companies have chosen IFPG and its members to represent their brands, and hundreds of experienced franchise consultants have chosen IFPG to power their businesses by helping aspiring entrepreneurs realize their dreams of business ownership. Established in 2012, IFPG is headquartered in Parlin, New Jersey and serves its customers across the U.S.

About CNL Strategic Capital
CNL Strategic Capital is a publicly registered, non-traded limited liability company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC (LLSC). For additional information, please visit cnlstrategiccapital.com.

About CNL Financial Group
CNL Financial Group (CNL) is a leading private investment management firm providing alternative investment opportunities. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $36 billion in assets. CNL is headquartered in Orlando, Florida. For additional information, please visit cnl.com.

About Levine Leichtman Strategic Capital
LLSC is an affiliate of Levine Leichtman Capital Partners, LLC (LLCP), a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.

LLCP’s global team of dedicated investment professionals is led by 9 partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $17.2 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $11.1 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt. For additional information, please visit llcp.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The information in this press release may include “forward-looking statements.” These statements are based on the beliefs and assumptions of CNL Strategic Capital’s management and on the information currently available to management at the time of such statements. Forward-looking statements generally can be identified by the words “believes,” “expects,” “will,” “intends,” “plans,” “estimates” or similar expressions that indicate future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond CNL Strategic Capital’s control. Important risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the Company’s ability to pay distributions and the sources of such distribution payments, the Company’s ability to locate and make suitable investments and other risks described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K and the other documents filed by the Company with the Securities and Exchange Commission.

###

The MIL Network –

July 8, 2025
MIL-OSI Banking: ICC champions multilateralism at BRICS Business Forum
Source: International Chamber of Commerce

Headline: ICC champions multilateralism at BRICS Business Forum

Speaking on behalf of more than 45 million companies worldwide, Mr Denton took part in a high-level panel looking at sustainable financial strategies for the BRICS Development Agenda, underscoring the urgent need for cooperative solutions to global challenges.

During his visit to Brazil, on 4 July, Mr Denton contributed to the closing sessions of the BRICS Business Council’s Working Groups, including an intervention in the Trade and Investment Working Group. He also took part in the 10th Annual Meeting of the New Development Bank (NDB)’s Board of Governors.

ICC’s first time participation in the BRICS Forum comes at a pivotal moment for the Group. A new ICC report conducted in partnership with Oxford Economics presents a sobering assessment of the risks posed by the erosion of the multilateral trading system – particularly for BRICS economies.

Projected impacts include:
- Sharp export losses: Non-fuel goods exports could fall by 45% in Brazil, 41% in India, 36% in China, 34% in South Africa, 26% in Indonesia, and 21% in Egypt.
- Economic contraction: GDP losses ranging from 3.5% to 6% across these economies.
- Decline in foreign investment: FDI reductions of up to 6% in the most exposed markets.
This underscores the imperative for BRICS and other economies to take action and revitalise the multilateral trading system, something Mr Denton underscored throughout his engagements in Brazil.

Mr Denton said:

“ICC’s engagement with the BRICS business community reinforces its role as the voice of the real economy, ensuring business drives solutions for peace, prosperity and opportunity across emerging markets.”

4 ways ICC has engaged in the BRICS process in 2025
1. Participation in BRICS Business Council Working Groups
Several ICC leaders contributed to BRICS Business Council Working Groups, shaping policy recommendations in areas including trade and investment, manufacturing, energy and climate, financial services and infrastructure, transport, and logistics.
1. BRICS Business Council Secretariat policy support
ICC provided business insights for the 2025 BRICS Business Council Annual Report, which aligns with ICC’s international policy priorities, particularly regarding the revitalisation of the multilateral trading system.
1. Joint BRICS-ICC Initiative on SME Trade Integration
ICC and BRICS Business Council Trade and Investment Working Gorup collaboration resulted in the launch of a joint initiative aimed at enhancing the integration of BRICS SMEs in international trade, leveraging the ICC Centre of Entrepreneurship and ICC One Click gateway for trade tools, solutions and  guides for SMEs to export and grow globally.
1. Supporting the BRICS Solutions Awards
ICC promoted the BRICS Solutions Awards through its global network of national committees and chambers of commerce. These Awards recognise innovative projects advancing climate change mitigation, environmental sustainability, and the responsible use of natural resources across BRICS countries.
MIL OSI Global Banks –
July 8, 2025
MIL-OSI United Nations: Congratulating Cabo Verde on Fiftieth Anniversary, Secretary-General Recognizes Its ‘History Marked by Pain, Injustice, But Also by Solidarity’

Source: United Nations 4

Following are UN Secretary-General António Guterres’ remarks, delivered by Deputy Secretary-General Amina Mohammed, at the fiftieth anniversary of Cabo Verde and the fiftieth anniversary of its partnership with the United Nations, in Praia today:

I am happy to be with you today on behalf of the United Nations Secretary-General, Antonio Guterres, and I thank the Government and the people of Cabo Verde for your warm welcome and hospitality. I am honoured to deliver his remarks on this historic occasion.

It is with deep emotion that I send these words to a country I hold close to my heart. As Secretary-General of the United Nations, as former Prime Minister of Portugal and as a long-time friend, I am honoured to mark this fiftieth anniversary of Cabo Verdean independence and partnership with the United Nations.

Cabo Verde has shaped my conscience and conviction. And I celebrate with you the enduring spirit of the povo cabo-verdiano — a people whose determination has long outshone the constraints of geography.

The story of Cabo Verde is a story of freedom reclaimed. On 5 July 1975, the world bore witness to the birth of a new republic.

After centuries of colonial rule, the people of Cabo Verde — together with their brothers and sisters in Guinea-Bissau — rose up to demand self-determination.

As a Portuguese citizen, I cannot speak of Cabo Verde without acknowledging the deep and complex history we share — a history marked by pain, injustice, but also by solidarity.

I carry with me the memory of walking through the gates of the former Tarrafal concentration camp — in the company of Edmundo Pedro and Sérgio Vilarigues, who had endured its horrors. Their stories of suffering and resistance are etched into my memory.

Today, we honour so many heroes of that struggle — heroes like Amílcar Cabral. Receiving the Order of Amílcar Cabral by Prime Minister Carlos Veiga remains one of the greatest honours of my life.

From the beginning, Cabo Verde chose the harder path: Stability over strife. Dialogue over division. The peaceful transition to independence, the embrace of democracy and good governance. A model that endures.

Cabo Verde is also a wonder of geography. Ten volcanic islands scattered across the Atlantic, bound by morabeza — that singular warmth and grace that define the Cabo Verdean soul.

But, it is the people who truly set Cabo Verde apart. A culture that is at once rooted and global, melancholic and joyful.

This nation gave the world morna — a music of sodade, of longing for home across distant seas. It brought us the timeless voice of Cesária Évora, who sang from Mindelo to the world — and made every listener feel a little closer to Cabo Verde.

When Cabo Verde gained independence, many may have doubted. Yet, five decades later, you stand as a middle-income country and a champion of peace and equality.

As Prime Minister of Portugal, I had the privilege of working closely with Cabo Verde to deepen our cooperation. I recall with pride the signing of the Acordo de Cooperação Cambial — a monetary agreement that was more than a technical arrangement.

It was a bridge between our economies, a symbol of trust and a recognition of Cabo Verde’s growing role on the global stage. And through it all, you have remained true to your values.

Welcoming migrants, upholding the rule of law and staying true to the principles of solidarity and open cooperation. I saw these values in action during my last visit.

At the port of Mindelo, I watched the sails of the Ocean Race rise against the horizon — a striking reminder of Cabo Verde’s openness, resolve and connection to the wider world.

What stayed with me was not just the race, but the spirit onshore — young people learning, communities coming together, leaders thinking boldly about the future. It reinforced what I have always felt: Cabo Verde is not just navigating the tides of change — it is helping to chart the course.

And the United Nations has been honoured to journey with you. From the earliest development plans — schools, health systems and social protection, to our shared work on food security, disaster resilience and democratic institutions.

From supporting the graduation from least developed country status, to cooperating on climate action, ocean conservation, biodiversity protection, renewable energy. And advancing the multidimensional vulnerability index — a vital tool to reflect the unique challenges of small island developing countries.

Together, we are exploring new frontiers: the blue economy, digital inclusion and diaspora engagement. And today, as we celebrate your past, we also recommit to your future. A future shaped by resolve. Cabo Verde knows, more than most, the realities of climate change. Rising seas, droughts, external shocks.

Your location also brings higher costs — for transport, for energy, for resilience. But, you have turned water scarcity into a frontier of innovation.

You are building climate resilience in your infrastructure and communities. You are expanding clean energy. You are leading on marine conservation. And as co-lead of the Small Island Developing States Coalition for Nature, you are rallying global action to protect our planet’s most vulnerable ecosystems.

You are showing the world that ocean stewardship is a responsibility. And the world must match your determination with support — through climate finance, technology and fairer systems for small island developing States.

Fifty years ago, Cabo Verde was born into freedom. Today, it moves boldly into the future with ambitious plans grounded in the Sustainable Development Goals; with innovation in the blue economy, biodiversity and climate resilience; with empowered youth and inclusive growth; with leadership in regional affairs — from the Economic Community of West African States (ECOWAS) to the African Union; and with more regional integration — taking advantage of the African Continental Free Trade Area.

The people of Cabo Verde understand what it means to struggle — and to overcome. To the povo cabo-verdiano, in every island and across the ocean: This celebration belongs to you.

As Secretary-General of the United Nations, I salute your journey. As a friend, I rejoice in this moment and celebrate with you. As a citizen of the world, I thank you — for your example, your partnership, your promise.

May Cabo Verde forever shine: As a light in the Atlantic. A bridge between continents. A country of hope and dreams. Parabéns, Cabo Verde. Long live the republic. Long live your journey. Long live your future. Obrigado.

MIL OSI United Nations News –

July 8, 2025

MIL-OSI: Half-yearly report on Exosens’ liquidity contract with Kepler Cheuvreux

Source: GlobeNewswire (MIL-OSI)

PRESS RELEASE
MÉRIGNAC, FRANCE – 7 JULY 2025

HALF-YEARLY REPORT ON EXOSENS’ LIQUIDITY CONTRACT
WITH KEPLER CHEUVREUX

In accordance with the provisions of the French Financial Markets Authority’s decision
n°2021-01 of 22 June 2021 renewing the implementation of liquidity contracts
for shares as an accepted market practice

Under the liquidity contract entered into between Exosens (Ticker: EXENS; ISIN: FR001400Q9V2) and Kepler Cheuvreux, the following resources appeared on the liquidity account on 30 June 2025:

20,264 shares; and
1,526,636.31 euros in cash.

During the period from 1 January 2025 to 30 June 2025, the following transactions were executed:

On the buy side, 281,811 shares for 8,719,529.24 euros (2,187 transactions); and
On the sell side, 279,711 shares for 8,542,164.51 euros (2,661 transactions).

As a reminder, the following resources appeared on the liquidity account on 31 December 2024:

18,164 shares; and
1,689,362.72 euros in cash.

The following resources appeared on the liquidity account at the date of entry into force of the contract:

0 share; and
2,000,000 euros in cash.

Contact

Investor Relations
Laurent Sfaxi – l.sfaxi@exosens.com

	Buy Side			Sell Side
	Number of executions	Number of shares	Traded volume in EUR	Number of executions	Number of shares	Traded volume in EUR
Total	2,187	281,811	8,719,529.24	2,661	279,711	8,542,164.51
01/02/2025	17	4,483	86,073.60	1	500	9,750.00
01/03/2025	24	2,000	38,220.00	41	7,079	137,969.71
01/06/2025	14	2,500	50,300.00	34	5,000	101,900.00
01/07/2025	20	2,000	40,140.00	15	2,378	48,653.88
01/08/2025	–	–	–	54	9,122	199,498.14
01/13/2025	5	1,250	28,125.00	20	1,250	28,775.00
01/14/2025	34	8,329	169,495.15	–	–	–
01/15/2025	26	3,250	64,967.50	21	2,003	40,440.57
01/16/2025	44	5,500	107,250.00	18	2,250	44,460.00
01/17/2025	4	250	5,020.00	36	3,071	61,819.23
01/20/2025	12	500	10,000.00	32	3,676	75,358.00
01/21/2025	2	250	5,200.00	19	3,250	67,600.00
01/22/2025	12	1,500	31,200.00	12	1,500	31,380.00
01/23/2025	–	–	–	20	2,750	58,437.50
01/24/2025	2	250	5,350.00	21	3,250	71,532.50
01/27/2025	18	4,500	98,955.00	4	250	5,500.00
01/28/2025	–	–	–	28	3,000	68,460.00
01/29/2025	19	2,000	45,240.00	14	1,000	22,800.00
01/30/2025	18	2,500	56,625.00	13	1,500	34,530.00
01/31/2025	–	–	–	8	750	17,025.00
02/03/2025	5	523	11,777.96	7	500	11,475.00
02/04/2025	–	–	–	5	500	11,575.00
02/05/2025	15	2,000	45,620.00	18	1,750	40,127.50
02/06/2025	30	2,524	57,824.84	13	1,000	23,150.00
02/07/2025	69	5,203	116,755.32	6	500	11,290.00
02/10/2025	11	1,250	27,787.50	21	1,000	22,280.00
02/11/2025	23	2,447	53,931.88	7	765	16,960.05
02/12/2025	8	1,325	29,136.75	4	750	16,612.50
02/13/2025	18	2,675	58,127.75	11	1,499	32,813.11
02/14/2025	8	1,500	32,535.00	15	2,750	60,142.50
02/17/2025	9	1,250	27,287.50	28	4,168	92,904.72
02/18/2025	–	–	–	32	4,500	104,445.00
02/19/2025	–	–	–	16	1,750	41,807.50
02/20/2025	27	7,500	179,550.00	34	3,912	94,318.32
02/21/2025	15	2,136	50,964.96	15	2,000	47,920.00
02/24/2025	8	2,000	48,080.00	37	3,338	81,647.48
02/25/2025	–	–	–	16	2,000	50,120.00
02/26/2025	65	10,000	244,500.00	10	782	19,432.70
02/27/2025	–	–	–	39	3,431	84,985.87
02/28/2025	–	–	–	35	3,250	82,582.50
03/03/2025	–	–	–	70	5,250	162,487.50
03/04/2025	5	500	15,425.00	2	500	16,650.00
03/05/2025	–	–	–	6	500	16,700.00
03/07/2025	33	4,500	149,445.00	–	–	–
03/10/2025	50	4,250	137,785.00	24	2,385	80,374.50
03/11/2025	31	6,250	197,562.50	18	1,316	42,664.72
03/12/2025	1	200	6,300.00	14	1,000	31,780.00
03/13/2025	21	2,000	63,020.00	6	414	13,260.42
03/14/2025	–	–	–	19	2,750	87,725.00
03/17/2025	–	–	–	74	6,423	215,877.03
03/18/2025	38	8,526	279,738.06	18	2,500	84,250.00
03/19/2025	12	1,259	41,823.98	54	7,250	251,792.50
03/20/2025	65	10,254	337,356.60	17	2,070	70,773.30
03/21/2025	10	1,750	56,280.00	50	3,636	119,842.56
03/24/2025	25	3,750	122,887.50	47	4,614	153,230.94
03/25/2025	4	1,000	33,050.00	39	3,818	129,926.54
03/26/2025	24	3,500	117,250.00	22	3,250	109,817.50
03/27/2025	29	3,000	100,860.00	14	2,000	67,700.00
03/28/2025	32	4,250	142,332.50	9	1,500	51,180.00
03/31/2025	45	5,729	189,687.19	56	7,000	232,820.00
04/01/2025	8	1,250	42,712.50	16	2,012	69,253.04
04/02/2025	62	6,250	211,562.50	28	4,216	143,807.76
04/03/2025	43	4,500	149,355.00	18	2,670	89,178.00
04/04/2025	75	9,250	298,405.00	17	2,056	67,128.40
04/07/2025	96	8,750	260,575.00	31	3,750	116,925.00
04/08/2025	14	2,063	63,849.85	65	5,066	159,173.72
04/09/2025	53	7,437	226,679.76	19	2,500	76,875.00
04/10/2025	7	1,500	45,750.00	112	6,750	222,480.00
04/11/2025	22	3,250	98,475.00	42	3,121	95,377.76
04/14/2025	5	500	15,600.00	54	5,382	169,586.82
04/15/2025	–	–	–	40	4,500	147,060.00
04/16/2025	10	1,565	52,208.40	22	2,000	67,520.00
04/17/2025	12	2,250	75,330.00	13	1,500	50,520.00
04/22/2025	28	4,000	135,640.00	40	5,311	181,158.21
04/23/2025	27	3,500	118,720.00	32	3,689	126,422.03
04/24/2025	32	4,250	144,882.50	41	5,750	197,685.00
04/25/2025	28	4,000	139,880.00	32	4,000	140,840.00
04/28/2025	48	5,500	189,035.00	23	2,750	99,550.00
04/29/2025	21	2,500	83,200.00	8	1,000	33,480.00
04/30/2025	14	1,033	34,564.18	27	3,750	127,462.50
05/02/2025	3	573	19,728.39	29	3,000	105,840.00
05/05/2025	8	1,500	53,445.00	20	2,250	80,730.00
05/06/2025	13	2,250	80,280.00	24	2,250	80,955.00
05/07/2025	40	3,500	124,810.00	30	3,500	125,930.00
05/08/2025	8	1,154	41,163.18	29	2,750	99,137.50
05/09/2025	37	4,096	145,203.20	22	1,559	56,077.23
05/12/2025	58	4,217	144,390.08	28	3,000	104,190.00
05/13/2025	22	2,750	93,362.50	21	2,023	69,227.06
05/14/2025	12	2,500	84,775.00	29	2,566	87,628.90
05/15/2025	2	250	8,500.00	45	5,000	176,550.00
05/16/2025	–	–	–	9	1,000	38,200.00
05/19/2025	8	1,250	47,400.00	5	750	28,897.50
05/20/2025	23	3,776	142,279.68	26	3,754	142,013.82
05/21/2025	–	–	–	37	3,500	136,325.00
05/22/2025	–	–	–	8	800	32,080.00
05/23/2025	13	1,500	58,740.00	19	1,300	52,013.00
05/26/2025	–	–	–	14	600	24,720.00
05/27/2025	–	–	–	8	150	6,363.00
05/28/2025	–	–	–	14	350	15,281.00
05/29/2025	–	–	–	7	150	6,490.50
05/30/2025	–	–	–	7	110	4,874.10
06/02/2025	3	500	21,450.00	8	200	8,870.00
06/03/2025	–	–	–	7	150	6,697.50
06/04/2025	6	750	33,150.00	6	230	10,577.70
06/05/2025	6	750	33,300.00	10	350	15,900.50
06/06/2025	18	1,750	77,052.50	3	150	6,750.00
06/09/2025	16	1,500	65,535.00	1	250	11,100.00
06/10/2025	24	2,250	96,142.50	–	–	–
06/11/2025	31	2,500	103,150.00	–	–	–
06/12/2025	3	750	31,590.00	19	1,250	53,412.50
06/13/2025	6	750	32,377.50	13	1,250	54,162.50
06/16/2025	15	1,700	72,488.00	21	1,250	55,500.00
06/17/2025	13	1,950	81,627.00	5	500	21,150.00
06/18/2025	3	500	20,850.00	11	1,250	53,300.00
06/19/2025	4	250	10,600.00	25	1,500	64,950.00
06/20/2025	2	500	22,250.00	19	2,175	97,092.00
06/23/2025	30	3,250	141,700.00	5	458	20,719.92
06/24/2025	22	3,384	143,718.48	13	700	30,240.00
06/25/2025	15	1,750	74,025.00	23	763	32,618.25
06/26/2025	60	5,500	220,000.00	14	2,000	82,060.00
06/27/2025	34	3,250	130,877.50	–	–	–
06/30/2025	17	1,500	60,300.00	8	1,250	50,725.00

Attachment

Exosens – Liquidity Contract – EN – 20250630

The MIL Network –

July 8, 2025

MIL-OSI: EMGS – Vessel activity and multi-client sales update for the second quarter 2025

Source: GlobeNewswire (MIL-OSI)

Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate.

At the end of the second quarter 2025 the Company had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian completed the second of two proprietary surveys in India in the quarter and started transit back to Norway for three fully prefunded multi-client surveys in the North Sea with a total contract value of USD 2.7 million.

The utilization for the second quarter was 44% compared with 51% for the second quarter 2024.

EMGS had one vessel in operation and recorded 3.0 vessel months in the quarter. In the second quarter 2024, the Company recorded 3.0 vessel months.

Multi-client revenues in the second quarter
The Company expects to record approximately USD 200,000 in multi-client late sales in the second quarter of 2025.

EMGS will publish its second quarter 2025 financial results on Wednesday 13 August 2025 prior to 07:30 local time (Norway). A recorded presentation will also be made available over the Internet. To access the presentation, please go to the Company’s homepage (www.emgs.com) and follow the link.

Contact
Anders Eimstad, Chief Financial Officer, +47 948 25 836

This information is published in accordance with the Norwegian Securities Trading Act § 5-12.

About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company’s services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel. CSEM technology can also be used to detect the presence of marine mineral deposits (primarily Seabed Massive Sulphides) and in other offshore construction and exploration activity.

The MIL Network –

July 8, 2025
MIL-OSI: Fengate highlights responsible investment progress with release of 2024 Sustainability Report
Source: GlobeNewswire (MIL-OSI)

TORONTO, July 07, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate) today released its 2024 Sustainability Report (the report), demonstrating the firm’s continued commitment to responsible investment in Canada and the United States (U.S.).

Fengate’s second firmwide sustainability report, the latest report details the significant progress made in several key areas between January and December 2024, including responsible labour, environmental, social, and governance (ESG) data management, climate risk management, and economic impact reporting. The full 2024 Sustainability Report is available here.

“Fengate was founded with a fundamental commitment to upholding our responsibilities to our stakeholders, our environment, and our communities, as we believe responsible investment is critical to delivering long-term, sustainable value,” said Lou Serafini Jr., President and CEO of Fengate. “This report demonstrates that we can achieve impactful results by being thoughtful in the opportunities we pursue, in the decisions we make, and by selecting the right partners to help deliver our projects.”

The report also highlights key accomplishments from across Fengate’s infrastructure, private equity, and real estate businesses. Highlights include:
- Engaging labour responsibly: Fengate Infrastructure’s LAX Consolidated Rent-a-Car (ConRAC) project in Los Angeles was delivered under a Project Labour Agreement (PLA), creating more than 5,000 jobs and generating US$200 million in wages for the local workforce throughout construction. More than 4.1 million union construction labour hours were generated, with all of North America’s Building Trades Unions (NABTU) trades involved.
- Raising the bar for sustainable design: Fengate Real Estate’s Harmony Commons student residence project delivered for the University of Toronto became the largest passive house-certified building in Canada, and the largest passive house dormitory in the world. The building consumes 70% less energy and contributes 90% less GHG emissions per person in peak conditions and eliminates the use of fossil fuels for heating and cooling.
- Moving the needle on the energy transition: With nine renewable energy assets throughout the U.S., Fengate Infrastructure achieved a capacity of 749 megawatts (MW), generating more than 1.9 million megawatt-hours (MWh) of renewable energy in 2024.
- Enhancing nature protection: A third of Fengate Real Estate’s 600-acre Friday Harbour Resort in Innisfil, Ontario, is dedicated nature reserve. Every measure has been taken to ensure that natural wildlife – including 40 species of birds, deer, and red fox – are protected. Additionally, new wetlands have been created to provide enhanced habitat opportunities for a range of flora and fauna.
- Improving resource conservation: Fengate partnered with U-PAK Emerald Energy to divert 100% of landfill waste from the office buildings it manages to achieve zero waste, with 628 metric tonnes of waste diverted, 2,093 tonnes of greenhouse gas (GHG) emissions avoided, and 125 MWh of electricity generated from waste.
- Elevating industry leadership: Fengate was recognized as one of Canada’s Best Managed Companies for the 17th consecutive year, named as one of Canada’s Top Small & Medium Employers, and was recognized by Great Place to Work Canada as a Best Workplace for Financial Services, Women, Inclusion, Mental Wellness, Today’s Youth, Giving Back, and Most Trusted Executive Teams. The firm also achieved a 5/5 PRI (Principles for Responsible Investment) score on policy, governance, and strategy for the 2024 assessment period.
About Fengate
Fengate is a leading alternative investment manager with more than $24 billion in assets under management, focused on infrastructure, private equity, and real estate strategies. With offices in Toronto, Miami, and Houston, and 300 team members across North America, Fengate leverages more than 50 years of entrepreneurial experience to deliver excellent investment results on behalf of its clients. Learn more at www.fengate.com.

Media contact
Dale Gago
Communications and Marketing Business Partner
Fengate Asset Management
dale.gago@fengate.com
437 326 1473

The MIL Network –
July 8, 2025
PM Modi meets Uruguayan President Orsi on sidelines of BRICS Summit in Rio

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi met with the President of the Oriental Republic of Uruguay, Yamandu Orsi, on the sidelines of the BRICS Summit in Rio de Janeiro, Brazil.

During their meeting, the two leaders held wide-ranging discussions covering the full spectrum of bilateral relations. They reviewed cooperation in areas such as digital collaboration, information and communication technology (ICT), Digital Public Infrastructure and Unified Payments Interface (UPI), defence, railways, health and pharmaceuticals, agriculture, energy, culture, and people-to-people exchanges.

A major focus of their talks was on strengthening bilateral trade and investment. Both sides expressed keen interest in expanding the India-MERCOSUR Preferential Trade Agreement, aiming to unlock greater economic potential and harness trade complementarities between India and Uruguay.

The Prime Minister also conveyed his gratitude to President Orsi for Uruguay’s strong condemnation of the recent terrorist attack in Pahalgam and appreciated the country’s solidarity with India in the fight against terrorism in all its forms.

The meeting reaffirmed the commitment of both countries to build a forward-looking and robust bilateral partnership.

July 8, 2025
MIL-OSI Russia: First Next-Generation Ivolga 4.0 Train Launched on the Yaroslavl Line of the Moscow Railway.

Russian Railways (RZD) and Central PPK have announced the launch of the first train of the latest Ivolga 4.0 model on the Yaroslavl direction of the Moscow Railway. This milestone marks another step in the large-scale modernization program for suburban transport in the Moscow region.

A Technological Breakthrough for Passengers.

The new Ivolga 4.0 trains represent a significant leap forward in the development of domestic railway transport.

Key advantages of the new model include:

– Increased capacity: Wider aisles and doorways, and more doors

– Faster boarding and disembarking thanks to improved car configuration

– 20% more passenger seats compared to previous models

– 20% higher route speed, reducing travel time

Comprehensive Modernization of the Line.

The launch of Ivolga 4.0 is a logical continuation of the systematic development of the Yaroslavl line. In recent years, the following major infrastructure upgrades have taken place:

– Additional main tracks were constructed through joint efforts of Moscow Metro and Russian Railways

– Train intervals were reduced by one third

– A major transport hub was created at Rostokino, with a transfer to the Moscow Central Circle (MCC)

Ambitious Plans Through 2030.

By 2030, 92 new Ivolga trains are planned to be launched on the Yaroslavl line, fully renewing the suburban train fleet. This program will make a significant contribution to the development of Russian engineering.

Import Substitution and Support for Domestic Industry.

Of special importance is the high degree of production localization: the Ivolga trains are 97% made from domestically produced components, manufactured at 600 enterprises across the country. Moscow accounts for 75% of orders for new metro and suburban train cars, driving growth in the Russian transport industry.

The launch of Ivolga 4.0 on the Yaroslavl line opens a new chapter in the history of suburban transit, providing passengers with comfort, speed, and reliability on modern domestic rolling stock.

On the instructions of Moscow Mayor Sergey Sobyanin, together with colleagues from Russian Railways (RZD), Central PPK, and Transmashholding, we are implementing a program to improve suburban transport. The rolling stock has already been fully renewed on D1, D2, and D3, and we are completing this process on D4. The Ivolga 4.0 train is comfortable, spacious, and fast. By 2030, we will completely renew the fleet on the Yaroslavl line, with plans to launch 92 trains, — said Maksim Liksutov.

MIL OSI Russia News –

July 8, 2025
MIL-OSI Economics: Guinea-Bissau: Selected Issues
Source: International Monetary Fund
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Summary

2025 Selected Issues

Subject: Agricultural commodities, Agroindustries, Commodities, Economic sectors, Education, Expenditure, Exports, Fiscal policy, Health, Imports, International trade, Revenue administration, Revenue mobilization

Keywords: Agricultural commodities, Agroindustries, Exports, Imports, Revenue mobilization

Publication Details
MIL OSI Economics –
July 8, 2025
MIL-OSI Africa: Pan-African Payment and Settlement System (PAPSS) and Interstellar unveil African Currency Marketplace eliminating $5 Billion trade bottleneck

Source: APO – Report:

Building on the successful rollout of its groundbreaking continental payment infrastructure, the Pan-African Payment and Settlement System (PAPSS), in strategic collaboration with Interstellar, a leading African deep-tech company, have announced the launch of the PAPSS African Currency Marketplace (PACM). The launch was announced on the sidelines of the 2025 Afreximbank (www.Afreximbank.com) Annual Meeting (AAM2025) held in Abuja from June 25 – 28.

This next-generation Financial Market Infrastructure (FMI) represents a bold evolution of the PAPSS mission, addressing Africa’s longstanding challenge of currency inconvertibility and enabling seamless, sovereign currency exchange for intra-African trade.

For decades, Africa’s economic momentum has been hindered by a fragmented financial landscape. The continent’s 41 currencies, diverse regulatory environments, and lack of convertibility have created significant friction. To trade with neighbouring countries, African businesses have often relied on external (hard) foreign currencies for foreign exchange, creating what experts call the “hard and costly currency bottleneck.” This workaround drains an estimated $5 billion annually in fees, delays, and opportunity costs, undermining the competitiveness of African enterprises and slowing progress toward realising the African Continental Free Trade Area (AfCFTA).

“PAPSS African Currency Marketplace is fully transparent, order book-driven, and operates with trusted counterparties, strictly adhering to local regulatory frameworks and global best practices,” affirmed Mike Ogbalu III, CEO of PAPSS. “By creating a single, continent-wide liquidity pool, PACM serves as a powerful liquidity engine for intra-African commerce.” This launch marks a major strategic evolution in the PAPSS journey. According to Mr Ogbalu, since its official launch in 2022, PAPSS has enabled real-time cross-border payments across 17 countries, connecting 14 national switches and over 150 commercial banks. Initially piloted in the West African Monetary Zone (WAMZ), PAPSS rapidly expanded to become the core settlement layer of the AfCFTA’s financial infrastructure. But while payment rails were laid, a deeper issue remained.

“We soon realised that solving for payments alone was not enough,” explained Mike Ogbalu. “Corporations, airlines, reinsurance firms, and multinationals operating across Africa still faced a persistent hurdle: trapped capital, arising from limited currency convertibility and overreliance on hard currencies.” For example, he explained, over $2 billion is currently ‘trapped’ in African countries where airlines operate, unable to repatriate their funds due to exchange restrictions or depreciation of local currencies. “The PAPSS African Currency Marketplace is the answer to that problem — an extension of our commitment to building sovereign, frictionless financial infrastructure for Africa.” He added.

The PAPSS African Currency Marketplace jointly developed by PAPSS and Interstellar, enables the direct exchange of African currencies without passing through hard currencies. As a transparent, continent-wide, peer-to-peer platform, it allows businesses to trade directly in local currencies in near real-time while remaining compliant with national regulations. It unlocks liquidity, releases trapped capital, eliminates excessive foreign exchange costs, and supports the continent’s long-term goal of financial sovereignty. In partnership with PAPSS, the PAPSS African Currency Marketplace is built on Interstellar’s enterprise-grade, blockchain-agnostic infrastructure, which enables the use of permissioned blockchain technology while ensuring institutional grade-security, scalability, and near instant settlement.

“This is not just about technology, it is about fulfilling a continental vision,” said Ernest Mbenkum, Founder and CEO of Interstellar during a fireside chat at the launch. “PAPSS African Currency Marketplace was built from the ground up to serve Africa’s specific needs. PAPSS and Interstellar are not just collaborators, we are co-architects of a new financial future, aligned in purpose and committed to transformation.”

Ernest Mbenkum further emphasised, “African currencies deserve a better place in the world. With this marketplace, your local currency is no longer just a medium of exchange, it becomes a vehicle of opportunity.” He also highlighted that this is only the beginning of Interstellar’s vision, stating, “We’re building a future where Africa no longer needs to wait for foreign rails to move value. Our infrastructure will power Africa’s financial renaissance.”

Haytham El Maayergi, Executive Vice President of Afreximbank, noted: “The PAPSS African Currency Marketplace gives us the power to transform trade dramatically, bringing us to trade with each other with a major benefit that we can now accept each other’s currency.”

The impact is already being felt. During its pilot phase, more than 80 African corporates transacted across 12 currency pairs, with all transactions settled in local currencies. For example, a company like Kenya Airways, which earns Nigerian Naira from ticket sales, can now use PACM to directly exchange Naira for Kenyan Shillings—without converting through a third currency. Early adopters include ZEP-RE (PTA Reinsurance Company) and Access View Africa, which called the platform “a dream come true.”

PAPSS African Currency Marketplace liberates trapped capital, eliminates excessive FX costs, and transforms multi-week settlement delays into near real-time execution. PAPSS CEO Mr. Ogbalu noted that following positive experiences of some early adopters, PAPSS had received interest from institutions outside Africa seeking to join the ecosystem. “This demand proves the value of what we’ve built,” he said.

With over 150 banks already connected through PAPSS and growing demand across the continent, PAPSS African Currency Marketplace stands as a game-changing financial tool for a more unified, sovereign, and efficient Africa.

Concluding his opening keynote, Mr. Haytham El Maayergi, Executive Vice President – Global Trade Bank at Afreximbank reiterated: “Africa will not rise by ideas. Africa will rise by actions. “

The PAPSS African Currency Marketplace is now open to eligible corporations, financial institutions, and other market participants across the continent.

– on behalf of Afreximbank.

Media Contact:
Papa Thiongane
communications@papss.com

Website:
marketplace@papss.com

About PAPSS:
The Pan-African Payment and Settlement System – PAPSS is a centralised Financial Market Infrastructure that enables the efficient flow of money securely across African borders, minimising risk and contributing to financial integration across the regions. PAPSS collaborates with African central banks to offer payment and settlement solutions that commercial banks and licensed payment service providers (switches, fintechs, aggregators, etc.) across the continent can connect to, making these services accessible to the public. To date, PAPSS has developed and launched 3 payment solutions: PAPSS Instant Payment System (IPS), PAPSS African Currency Marketplace (PACM), and the PAPSSCARD.

Afreximbank and the African Union (“AU”) first announced PAPSS at the Twelfth Extraordinary Summit of the African Union held on July 7, 2019, in Niamey, Niger Republic, therefore adopting PAPSS as a key instrument for the implementation of the African Continental Free Trade Agreement (AfCFTA). Further, in its thirteenth (13th) extraordinary session, held on December 5, 2020, the assembly of the African Union directed Afreximbank and the AfCFTA secretariat to finalise, among others, work on the Pan-African Payments and Settlements System (PAPSS). The 35th Ordinary Session of the Assembly of the AU further directed the AfCFTA and Afreximbank to deploy the system to cover the entire continent. PAPSS was officially launched in Accra, Ghana, on January 13, 2022, thus making it available for use by the public.

About Interstellar:
Interstellar Inc. is Africa’s leading enterprise blockchain infrastructure company —enabling secure cross-border transactions, stablecoin integration, and next-generation financial solutions across the continent. Its core platform, STARGATE, is a critical blockchain-agnostic, enterprise-grade infrastructure that empowers major institutions to build and scale secure, high-performance financial applications, including tokenization platforms and payments solutions.

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MIL OSI Africa –

July 8, 2025
MIL-OSI: Mortgage Rates Today – July 7, 2025: QuoteMortageUSA Launches Daily Refinance Rate Report for U.S. Homeowners
Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 07, 2025 (GLOBE NEWSWIRE) —

In an effort to provide homeowners with timely and transparent financial insights, QuoteMortgageUSA, a leading digital mortgage solutions provider, has launched its daily mortgage refinance rate report. This initiative offers consumers up-to-date access to refinance trends, market context, and personalized tools to compare lender offers—all without impacting their credit score.

As of July 7, 2025, the national average refinance rate for a 30-year fixed mortgage stands at 6.80%, reflecting a modest increase of 3 basis points over the past week. This stabilization follows a period of gradual increases throughout June and may signal temporary relief for borrowers after weeks of volatility in the mortgage market.

Homeowners can visit QuoteMortgageUSA.com and complete a short, secure form to receive personalized refinance options in minutes—without a phone call or credit inquiry.

Refinance Rate Snapshot – July 7, 2025

Conventional Mortgages
- 30-year fixed: 6.80%
- 20-year fixed: 6.50%
- 15-year fixed: 5.86%
- 10-year fixed: 5.58%
Jumbo Mortgages
- 30-year fixed: 7.19%
- 15-year fixed: 6.29%
FHA Loans
- 30-year fixed: 6.73%
- 15-year fixed: 5.41%
VA Loans
- 30-year fixed: 6.30%
- 15-year fixed: 5.80%
These figures reflect data as of July 7, 2025.

With rates stabilizing and even falling for shorter-term and adjustable-rate mortgage (ARM) products, this week may offer a timely opportunity to refinance or lock in rates if you’re a buyer. Borrowers with strong credit and the ability to put down 20% or more can often secure better-than-average rates.

To maximize savings, consider these key strategies:
- Compare multiple lenders to find competitive offers.
- Improve your credit score to access lower tiers.
- Make a larger down payment to reduce risk and interest.
- Choose the right loan type—shorter terms offer lower rates but higher monthly costs.
Discover how much you could save — explore your personalized refinance options today at QuoteMortgageUSA.com.

Why Homeowners Are Considering Refinancing

While mortgage rates remain above the historic lows seen during the pandemic, many homeowners with rates above 7% may still benefit from refinancing. This is particularly relevant for those seeking to reduce monthly payments, access built-up equity, switch loan types, or fund major purchases.

“Timing is everything in today’s market,” said a spokesperson from QuoteMortageUSA. “That’s why we’re making it easier than ever to compare real offers from trusted lenders, on your terms — without phone calls or pushy sales tactics.”

Understanding the Refinance Opportunity

Refinancing involves replacing your current mortgage with a new one, ideally with better terms or cash-out access. Through QuoteMortageUSA’s secure digital form, homeowners can explore:
- Cash-out refinancing up to 100% of home value
- Opportunities to remove mortgage insurance
- Switching from variable-rate to fixed-rate loans
- Payment relief via adjusted loan terms
QuoteMortageUSA users can explore matched refinance offers from over 50 lending partners in less than two minutes — directly through a secure form at QuoteMortageUSA.com.

Breaking Down Refinance Costs

Refinancing can lead to long-term savings, but homeowners should understand the associated costs. Closing costs typically range from 2% to 6% of the loan amount and may include:
- Loan origination and application fees
- Appraisal and title services
- Legal and recording fees
- Prepayment penalties (if applicable)
QuoteMortageUSA provides an instant savings and cost breakdown once the online form is submitted, helping users make informed financial decisions with no commitment.

QuoteMortageUSA: A Smarter, Simpler Way to Refi

QuoteMortageUSA’s new daily rate report is part of a broader effort to modernize the refinance experience by combining transparency, ease of use, and trusted lender access.

Key Benefits of the QuoteMortageUSA Platform:
- Personalized loan programs matched to your credit and goals
- Refinance offers from 50+ mortgage lenders
- Entirely digital, no phone calls or sales pressure
- No impact to credit score to view matched offers
- Available in both English and Spanish
Explore Your Personalized Refinance Offers Today

Visit QuoteMortageUSA.com and complete the secure 2-minute form to see how much you could save or access through refinancing. No credit pull, no phone calls — just real offers, instantly.

About QuoteMortageUSA

QuoteMortageUSA is a next-generation platform that helps U.S. homeowners make smarter, more informed financial decisions. With personalized refinance tools, daily rate insights, and access to a broad lender network, QuoteMortageUSA simplifies the process from start to finish.

Contact Information

Company Name: QuoteMortageUSA Ltd.
Customer Support Email: support@quotemortgageusa.com
Phone Number: 912-718-8234
Mailing Address: Southridge House, Southriver Lane, New Kingstown, British Virgin Islands

Disclaimer & Affiliate Disclosure

The content provided on this website is intended for informational and commercial purposes only. It does not constitute financial, legal, or professional advice, and should not be relied upon as such. QuoteMortageUSA does not endorse any particular financial institution or product mentioned.

While we aim to provide accurate, up-to-date, and complete information, we make no warranties or representations regarding the reliability, timeliness, or completeness of the content. Users are strongly encouraged to seek independent advice from licensed professionals—including financial advisors, credit counselors, or legal experts—before making any financial decisions.

Important Notices:
- Loan products and services may not be appropriate for everyone.
- Terms, conditions, and eligibility vary by lender and borrower location.
- Loan approval is not guaranteed and is based on various factors including income, credit score, residency, and applicable laws.
Affiliate Links Disclosure:

This site may include affiliate links. If you press on a link and apply for or purchase a product or service, we may receive a commission—at no additional cost to you. This compensation does not influence the integrity or objectivity of our content or recommendations.

By using this website, you acknowledge and agree that neither the publisher, authors, affiliates, nor any third-party partners shall be held liable for any errors, omissions, outdated information, or outcomes resulting from its use. This includes, but is not limited to, loan rejections, disputes, or issues with lenders.

Mentions of “QuoteMortageUSA” are strictly for informational purposes and do not imply legal endorsement, partnership, or affiliation. For loan-specific questions or concerns, please contact the lender directly via their official communication channels.

All trademarks, service marks, and brand names referenced are the property of their respective owners.

Attachment
- QuoteMortageUSA
The MIL Network –
July 8, 2025
MIL-OSI Canada: Alberta-Ontario MOUs fuel more pipelines and trade
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The two provinces agree on the need for the federal government to address the underlying conditions that have harmed the energy industry in Canada. This includes significantly amending or repealing the Impact Assessment Act, as well as repealing the Oil Tanker Moratorium Act, Clean Electricity Regulations, the Oil and Gas Sector Greenhouse Gas Emissions Cap, and all other federal initiatives that discriminately impact the energy sector, as well as sectors such as mining and manufacturing. Taking action will ensure Alberta and Ontario can attract the investment and project partners needed to get shovels in the ground, grow industries and create jobs.

The first MOU focuses on developing strategic trade corridors and energy infrastructure to connect Alberta and Ontario’s oil, gas and critical minerals to global markets. This includes support for new oil and gas pipeline projects, enhanced rail and port infrastructure at sites in James Bay and southern Ontario, as well as end-to-end supply chain development for refining and processing of Alberta’s energy exports. The two provinces will also collaborate on nuclear energy development to help meet growing electricity demands while ensuring reliable and affordable power.

The second MOU outlines Alberta’s commitment to explore prioritizing made-in-Canada vehicle purchases for its government fleet. It also includes a joint commitment to reduce barriers and improve the interprovincial trade of liquor products.

“Alberta and Ontario are joining forces to get shovels in the ground and resources to market. These MOUs are about building pipelines and boosting trade that connects Canadian energy and products to the world, while advocating for the right conditions to get it done. Government must get out of the way, partner with industry and support the projects this country needs to grow. I look forward to working with Premier Doug Ford to unleash the full potential of our economy and build the future that people across Alberta and across the country have been waiting far too long for.”

Danielle Smith, Premier of Alberta

“In the face of President Trump’s tariffs and ongoing economic uncertainty, Canadians need to work together to build the infrastructure that will diversify our trading partners and end our dependence on the United States. By building pipelines, rail lines and the energy and trade infrastructure that connects our country, we will build a more competitive, more resilient and more self-reliant economy and country. Together, we are building the infrastructure we need to protect Canada, our workers, businesses and communities. Let’s build Canada.”

Doug Ford, Premier of Ontario

These agreements build on Alberta and Ontario’s shared commitment to free enterprise, economic growth and nation-building. The provinces will continue engaging with Indigenous partners, industry and other governments to move key projects forward.

“Never before has it been more important for Canada to unite on developing energy infrastructure. Alberta’s oil, natural gas, and know-how will allow Canada to be an energy superpower and that will make all Canadians more prosperous. To do so, we need to continue these important energy infrastructure discussions and have more agreements like this one with Ontario.”

Brian Jean, Minister of Energy and Minerals

“These MOUs with Ontario build on the work Alberta has already done with Saskatchewan, Manitoba, Northwest Territories and the Port of Prince Rupert. We’re proving that by working together, we can get pipelines built, open new rail and port routes, and break down the barriers that hold back opportunities in Canada.”

Devin Dreeshen, Minister of Transportation and Economic Corridors

“Canada’s economy has an opportunity to become stronger thanks to leadership and steps taken by provincial governments like Alberta and Ontario. Removing interprovincial trade barriers, increasing labour mobility and attracting investment are absolutely crucial to Canada’s future economic prosperity.”

Joseph Schow, Minister of Jobs, Economy, Trade and Immigration

Together, Alberta and Ontario are demonstrating the shared benefits and opportunities that result from collaborative partnerships, and what it takes to keep Canada competitive in a changing world.

Quick facts
- Steering committees with Alberta and Ontario government officials will be struck to facilitate work and cooperation under the agreements.
- Alberta and Ontario will work collaboratively to launch a preliminary joint feasibility study in 2025 to help move private sector led investments in rail, pipeline(s) and port(s) projects forward.
- These latest agreements follow an earlier MOU Premiers Danielle Smith and Doug Ford signed on June 1, 2025, to open up trade between the provinces and advance shared priorities within the Canadian federation.
Related information
- Leading the way on interprovincial trade
Related news
- Next stop for free trade: Ontario!
Multimedia
- Watch the news conference
MIL OSI Canada News –
July 8, 2025
MIL-OSI USA: New Law Delivers Federal Funding to Reimburse Local Law Enforcement for Trump Security Costs in Palm Beach County

Source: United States House of Representatives – Congresswoman Lois Frankel (FL-21)

New Law Delivers Federal Funding to Reimburse Local Law Enforcement for Trump Security Costs in Palm Beach County

West Palm Beach, FL, July 4, 2025

The reconciliation bill signed into law includes critical funding to reimburse law enforcement agencies for overtime costs incurred while protecting the President. This new grant program will ensure local and state agencies are not left shouldering the financial burden of presidential security operations. The grant period will cover expenses over the next five years, providing long-term support for those on the front lines of public safety.

Importantly, this grant program will give local Palm Beach County law enforcement an opportunity to recover millions of dollars from the federal government for security provided to President Trump while he is in our area.

MIL OSI USA News –

July 8, 2025
MIL-OSI: BexBack Announces That All Traders Can Use 100x Leverage for Crypto Futures Trading with Double Deposit Bonus and NO KYC Required
Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 07, 2025 (GLOBE NEWSWIRE) — BexBack Exchange has launched an aggressive new promotion to empower both new and seasoned crypto traders: All eligible new users receive a $50 welcome bonus and a 100% deposit bouns match. As the crypto market braces for another period of high volatility, BexBack is making futures trading more accessible and profitable than ever. With up to 100x leverage, zero KYC requirements, and support for over 50 digital assets, the platform provides an ideal environment for those seeking to capitalize on market swings without large upfront capital.

Advantages of 100x Leverage Crypto Futures
1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.
What Is 100x Leverage and How Does It Work?

Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

With BexBack’s deposit bonus

BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

How Does the 100% Deposit Bonus Work?
The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

About BexBack?

BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience.

Why recommend BexBack?

No KYC Required: Start trading immediately without complex identity verification.

100% Deposit Bonus: Double your funds, double your profits.

High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

Convenient Operation: No slippage, no spread, and fast, precise trade execution.

Global User Support: Enjoy 24/7 customer service, no matter where you are.

Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

Take Action Now—Don’t Miss Another Opportunity!

If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

Website: www.bexback.com

Contact: business@bexback.com

Contact:
Amanda
business@bexback.com

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

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The MIL Network –
July 8, 2025
MIL-OSI USA: SEC Small Business Advisory Committee to Discuss Regulatory Framework for Finders and Continue Exploring Regulation A

Source: Securities and Exchange Commission

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee announced that it will hold a meeting at the SEC Headquarters in Washington D.C on Tuesday, July 22, 2025 at 10 a.m. E.T. The meeting will be open to the public, in-person, as well as webcast on the SEC website, and will explore Regulation A and the topic of “finders,” persons who assist companies with limited capital-raising activities in private markets.

The meeting will start by finalizing discussion of potential regulatory improvements to Regulation A, building upon ideas generated during the previous committee meeting. In keeping with the committee’s efforts to promote small business capital formation, including access to capital for founders who are building businesses outside of prominent entrepreneurial hubs or without robust capital-raising networks, the committee will spend the remainder of the meeting exploring “finders” and related matters.

Staff from the SEC’s Division of Trading and Markets will provide the committee with an overview of the SEC’s 2020 release, which proposed a limited, conditional exemption from broker registration for “finders.” The committee will also learn more about the role of “finders” and possible regulatory solutions from industry practitioners Gary Ross, Managing Partner at Ross Law Group, and Kelley Arena, Founder at Golden Hour Ventures. As part of this discussion, the committee will explore potential principles, frameworks, conditions, and safeguards that could permit certain “finders” to engage in limited capital-raising activities.

For more information about the committee and the full agenda for the meeting, visit the committee webpage.

The Small Business Capital Formation Advisory Committee provides advice and recommendations to the SEC on rules, regulations, and policy matters relating to small businesses.

MIL OSI USA News –

July 8, 2025
Modi govt has planned ₹5,000-crore investment to develop northeast waterways: Sarbananda Sonowal

Source: Government of India

Source: Government of India (4)

In a major push to boost inland waterways and maritime infrastructure in India’s Northeast, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Monday announced a slew of initiatives with an investment outlay of ₹5,000 crore. The projects aim to transform the region’s connectivity, trade, tourism, and employment landscape over the next few years.

Speaking at a press conference in New Delhi, Sonowal said the Modi government has drawn up comprehensive plans to develop year-round navigable waterways, modern terminals, community jetties, urban water metros, and maritime skill hubs across the region.

Empowering Northeast Youth

A key highlight of the plan is the training of 50,000 youth from the Northeast in maritime skills over the next decade. The Maritime Skill Development Centre (MSDC) in Guwahati and a new Centre of Excellence (CoE) in Dibrugarh will spearhead this effort, with an investment of ₹200 crore earmarked for the CoE alone. Together, these centres are expected to generate at least 500 jobs annually.

“Prime Minister Modi has always envisioned how Yuva Shakti can bring real transformation to the country. Our vision is to train, enable and empower 50,000 youth from the Northeast with world-class maritime skills, ensuring meaningful employment and growth,” Sonowal said.

Strengthening Connectivity and Trade

The Ministry of Ports, Shipping and Waterways has undertaken projects worth ₹1,000 crore in the region’s inland waterways sector in the past two years. Of this, ₹300 crore worth of works have been completed, with the remaining ₹700 crore scheduled for completion by 2025.

Major initiatives include setting up permanent cargo terminals at Pandu, Jogighopa, Dhubri, Bogibeel, Karimganj, and Badarpur; new approach roads to Pandu Port; heritage restoration works in Dibrugarh; and the development of tourist jetties worth ₹299 crore.

Additionally, 85 community jetties will be built across the Northeast to boost local trade and connectivity. To ensure uninterrupted navigation on major river routes, the government will deploy 10 amphibian and cutter section dredgers at an investment of ₹610 crore.

A fleet of 100 modern barges operated by German logistics major Rhenus is also expected to become operational on National Waterways 2 and 16 by 2025, significantly enhancing cargo movement across Assam and neighbouring states.

Kaladan Project to be Operational by 2027

Providing an update on the Kaladan Multi-Modal Transit Transport Project (KMTTP) — a crucial link connecting India’s Northeast with Myanmar — Sonowal said the project would be fully operational by 2027.

“This strategic initiative, born out of the India-Myanmar Friendship Treaty, will provide the Northeast with direct and shorter access to international sea routes. It will unlock new trade opportunities for Northeast India, Bangladesh, Bhutan, Nepal, and Myanmar, strengthening regional ties with Southeast Asia,” he said.

The Kaladan corridor connects Sittwe Port in Myanmar to Paletwa via an inland waterway, and from Paletwa to Zorinpui in Mizoram by road. Goods can also move from Kolkata to Sittwe Port and onward to Teknaf Port in Bangladesh, then by road to Sabroom in Tripura, reducing transit times and logistics costs substantially.

Focus on Tourism and Urban Transport

In a bid to boost regional tourism, the government plans to develop tourism and cargo jetties at Silghat, Neamati, Biswanath Ghat, and Guijan with an investment of ₹300 crore. Water Metro projects for modern urban transport have also been proposed for Guwahati, Tezpur, and Dibrugarh, with feasibility studies already completed.

Lighthouses will be installed at Pandu, Tezpur, Biswanath, and Bogibeel, equipped with IMD units to provide local weather forecasts. These will be supported by the Ministry of Environment, Forest and Climate Change.

Sonowal said, “These projects reflect our commitment to transform the Northeast into a vibrant hub for waterways-based trade, tourism, and employment. This is in line with Prime Minister Narendra Modi’s vision of Sabka Saath, Sabka Vikas — ensuring inclusive growth and development for all.”

July 8, 2025
MIL-OSI USA: Rep. Simpson Cosponsors Bill to Protect Americans’ Energy Choices

Source: US State of Idaho

WASHINGTON—Idaho Congressman Mike Simpson cosponsored H.R. 3699 – the Energy Choice Act. This legislation would prohibit states or local governments from banning an energy service’s connection, reconnection, modification, installation, or expansion based on the type or source of energy to be delivered. This legislation is sponsored by Rep. Nick Langworthy (R-NY).
“Energy freedom is key to strengthening our domestic energy supply and ensuring Americans have access to reliable sources that best meet their needs,” said Rep. Simpson. “The Energy Choice Act will lower prices in the long run while defending consumer choice against blue-state politicians working to ban certain types of energy. As a longtime member and former Chairman of the Energy and Water Appropriations Subcommittee, I’ve been proud to support policies related to energy production. I am also pleased that this bill supports both Idahoans’ needs and the Trump administration’s goals by protecting and unleashing American energy.”
“As an Idaho home builder working to keep housing affordable for our citizens, I commend Rep. Mike Simpson for sponsoring the Energy Choice Act. This bill would ensure housing costs do not needlessly rise by preventing state and local governments from banning the use of natural gas energy in new homes. Such a ban would deprive consumers choice on how they heat and cool their homes and increase energy costs for families in Idaho because gas heating is often more cost-effective than electric systems,” said Steve Martinez, President of Tradewinds General Contracting.
U.S. Senator Jim Justice (R-WV) has introduced companion legislation in the Senate.
The full text of the legislation is available here.

MIL OSI USA News –

July 8, 2025
MIL-OSI Submissions: Misinformation lends itself to social contagion – here’s how to recognize and combat it

Source: The Conversation – USA (3) – By Shaon Lahiri, Assistant Professor of Public Health, College of Charleston

Misinformation on social media has the potential to manipulate millions of people. Pict Rider/iStock via Getty Images Plus

In 2019, a rare and shocking event in the Malaysian peninsula town of Ketereh grabbed international headlines. Nearly 40 girls age 12 to 18 from a religious school had been screaming inconsolably, claiming to have seen a “face of pure evil,” complete with images of blood and gore.

Experts believe that the girls suffered what is known as a mass psychogenic illness, a psychological condition that results in physical symptoms and spreads socially – much like a virus.

I’m a social and behavioral scientist within the field of public health. I study the ways in which individual behavior is influenced by prevailing social norms and social network processes, across a wide range of behaviors and contexts. Part of my work involves figuring out how to combat the spread of harmful content that can shape our behavior for the worse, such as misinformation.

Mass psychogenic illness is not misinformation, but it gives researchers like me some idea about how misinformation spreads. Social connections establish pathways of influence that can facilitate the spread of germs, mental illness and even behaviors. We can be profoundly influenced by others within our social networks, for better or for worse.

The spreading of social norms

Researchers in my field think of social norms as perceptions of how common and how approved a specific behavior is within a specific network of people who matter to us.

These perceptions may not always reflect reality, such as when people overestimate or underestimate how common their viewpoint is within a group. But they can influence our behavior nonetheless. For many, perception is reality.

Social norms and related behaviors can spread through social networks like a virus can, but with one crucial caveat. Viruses often require just one contact with a potential host to spread, whereas behaviors often require multiple contacts to spread. This phenomenon, known as complex contagion, highlights how socially learned behaviors take time to embed.

Watch the people in this video and see how you react.

Fiction spreads faster than fact

Consider a familiar scenario: the return of baggy jeans to the fashion zeitgeist.

For many millennials like me, you may react to a friend engaging in this resurrected trend by cringing and lightly teasing them. Yet, after seeing them don those denim parachutes on multiple occasions, a brazen thought may emerge: “Hmm, maybe they don’t look that bad. I could probably pull those off.” That’s complex contagion at work.

This dynamic is even more evident on social media. One of my former students expressed this succinctly. She was looking at an Instagram post about Astro Boy Boots – red, oversize boots based on those worn by a 1952 Japanese cartoon character. Her initial skepticism quickly faded upon reading the comments. As she put it, “I thought they were ugly at first, but after reading the comments, I guess they’re kind of fire.”

Moving from innocuous examples, consider the spread of misinformation on social media. Misinformation is false information that is spread unintentionally, while disinformation is false information that is intentionally disseminated to deceive or do serious harm.

Research shows that both misinformation and disinformation spread faster and farther than truth online. This means that before people can muster the resources to debunk the false information that has seeped into their social networks, they may have already lost the race. Complex contagion may have taken hold, in a malicious way, and begun spreading falsehood throughout the network at a rapid pace.

People spread false information for various reasons, such as to advance their personal agenda or narrative, which can lead to echo chambers that filter out accurate information contrary to one’s own views. Even when people do not intend to spread false information online, doing so tends to happen because of a lack of attention paid to accuracy or lower levels of digital media literacy.

Inoculation against social contagion

So how much can people do about this?

One way to combat harmful contagion is to draw on an idea first used in the 1960s called pre-bunking. The idea is to train people to practice skills to spot and resist misinformation and disinformation on a smaller scale before they’re exposed to the real thing.

The idea is akin to vaccines that build immunity through exposure to a weakened form of the disease-causing germ. The idea is for someone to be exposed to a limited amount of false information, say through the pre-bunking with Google quiz. They then learn to spot common manipulation tactics used in false information and learn how to resist their influence with evidence-based strategies to counter the falsehoods. This could also be done using a trained facilitator within classrooms, workplaces or other groups, including virtual communities.

Then, the idea is to gradually repeat the process with larger doses of false information and further counterarguments. By role-playing and practicing the counterarguments, this resistance skills training provides a sort of psychological innoculation against misinformation and disinformation, at least temporarily.

Importantly, this approach is intended for someone who has not yet been exposed to false information – hence, pre-bunking rather than debunking. If we want to engage with someone who firmly believes in their stance, particularly when it runs contrary to our own, behavioral scientists recommend leading with empathy and nonjudgmentally exchanging narratives.

Debunking is difficult work, however, and even strong debunking messages can result in the persistence of misinformation. You may not change the other person’s mind, but you may be able to engage in a civil discussion and avoid pushing them further away from your position.

Spreading facts, not fiction

When everyday people apply this with their friends and loved ones, they can train people to recognize the telltale signs of false information. This might be recognizing what’s known as a false dichotomy – for instance, “either you support this bill or you HATE our country.”

Another signal of false information is the common tactic of scapegoating: “Oil industry faces collapse due to rise in electric car ownership.” And another is the slippery slope of logical fallacy. An example is “legalization of marijuana will lead to everyone using heroin.”

All of these are examples of common tactics that spread misinformation and come from a Practical Guide to Pre-Bunking Misinformation, created by a collaborative team from the University of Cambridge, BBC Media Action and Jigsaw, an interdisciplinary think tank within Google.

This approach is not only effective in combating misinformation and disinformation, but also in delaying or preventing the onset of harmful behaviors. My own research suggests that pre-bunking can be used effectively to delay the initiation of tobacco use among adolescents. But it only works with regular “booster shots” of training, or the effect fades away in a matter of months or less.

Many researchers like me who study these social contagion dynamics don’t yet know the best way to keep these “booster shots” going in people’s lives. But there are recent studies showing that it can be done. A promising line of research also suggests that a group-based approach can be effective in maintaining the pre-bunking effects to achieve psychological herd immunity. Personally, I would bet my money on group-based approaches where you, your friends or your family can mutually reinforce each other’s capacity to resist harmful social norms entering your network.

Simply put, if multiple members of your social network have strong resistance skills, then your group has a better chance of resisting the incursion of harmful norms and behaviors into your network than if it’s just you resisting alone. Other people matter.

In the end, whether we’re empowering people to resist the insidious creep of online falsehoods or equipping adolescents to stand firm against peer pressure to smoke or use other substances, the research is clear: Resistance skills training can provide an essential weapon for safeguarding ourselves and young people from harmful behaviors.

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

– ref. Misinformation lends itself to social contagion – here’s how to recognize and combat it – https://theconversation.com/misinformation-lends-itself-to-social-contagion-heres-how-to-recognize-and-combat-it-254298

MIL OSI –

July 8, 2025
MIL-OSI Asia-Pac: HKETO Berlin Supports Berlin CityCup Dragon Boat Races (with photos)

Source: Hong Kong Government special administrative region

The Hong Kong Economic and Trade Office in Berlin (HKETO Berlin) supported the 26th Berlin CityCup dragon boat races on July 5 and 6 (Berlin time).

The event saw enthusiastic participation with a total of more than 1 000 racers joined the competition. As one of the highlights of the CityCup, 60 teams joined the Hong Kong Cup sponsored by the HKETO Berlin on July 5. The Acting Director of HKETO Berlin, Mr Billy Leung, presented trophies to the winning teams after the race.

“In Chinese culture, dragon signifies strength, courage, and resilience. Today, dragon boat racers from diverse cultural backgrounds have showed the power of teamwork and fighting spirit together.” Mr Leung said.

Mr Leung added that Hong Kong possesses world-class sports, cultural and recreational facilities. With the opening of Kai Tak Sports Park in this March, a series of mega sports events as well as concerts have been held.

HKETO Berlin also set up a promotional booth at the race venue to showcase Hong Kong’s forthcoming major events, and promote Hong Kong’s advantages as an ideal place for work and study.

About HKETO Berlin

HKETO Berlin is the official representative of the Hong Kong Special Administrative Region Government in commercial relations and other economic and trade matters in Germany as well as Austria, Czechia, Hungary, Poland, the Slovak Republic, Slovenia and Switzerland.

MIL OSI Asia Pacific News –

July 8, 2025
MIL-OSI United Kingdom: CAC Annual Report 2024-25
Source: United Kingdom – Executive Government & Departments

Press release

CAC Annual Report 2024-25

Publication of the CAC’s Annual Report for 2024-25.
Today the Central Arbitration Committee (CAC) has published its Annual Report for the year ending 31 March 2025. The Report includes reference to the amendments taking place in the Employment Rights Bill that is currently going through the Houses of Parliament which affects Schedule A1 and the new measures heading the CAC’s way. The Report reflects on the decrease in the caseload for trade union recognition applications under Part I of Schedule A1. This decreased from 81 applications last year to 63, a 22% decrease.

The statistics relating to the CAC’s various jurisdictions are all featured in the Annual Report, with statutory recognition continuing to provide the majority of the workload (63 applications for trade union recognition under Part I of the Schedule).

When reviewing the average time taken for the conclusion of a Part I statutory recognition case from inception (date the application is received) to conclusion (date of issue of a declaration of recognition or non-recognition), the time taken was 22 weeks, which is slightly higher than the previous year’s figure of 19 weeks.

The CAC has done exceptionally well in maintaining its high level of customer satisfaction, with 92% of respondents stating their overall satisfaction with the way the CAC handled their case.

Notes for Editors:

The CAC is a Non-Departmental Public Body (NDPB) resourced by Acas but operating independently. The CAC’s main role is dealing with requests for trade union recognition and derecognition under the statutory procedures of Schedule A1 to the Trade Union and Labour Relations (Consolidation) Act 1992. Each recognition case is handled by a tripartite panel, with members drawn from employer and union backgrounds and a panel chair (usually a lawyer or senior academic).

The CAC also determines disclosure of information complaints under the Trade Union and Labour Relations (Consolidation) Act 1992 (Section 183) and deals with disputes under the Regulations relating to the European Works Councils. It also handles applications and complaints under the Information and Consultation Regulations 2004. In addition, it provides voluntary arbitration in collective employment relations disputes, although this role has not been required for some years.

The CAC Chair is Stephen Redmond.

Details of applications received by the CAC, decisions taken, and forthcoming hearings, can be found on the CAC’s website www.cac.gov.uk.

Central Arbitration Committee

PO Box 80600, London, E15 9JX

0330 109 3610

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Updates to this page

Published 7 July 2025
MIL OSI United Kingdom –
July 8, 2025
MIL-OSI Russia: Moscow Exchange: Changes to the formula for calculating Additional Fee
Source: Moscow Exchange –

An important disclaimer is at the bottom of this article.

Dear MOEX clients,

Starting from July 25, 2025, a revised formula for calculating Additional Fee will be introduced in the Securities Market section.
- The coefficient M is reduced fivefold, from the current 1.0 to 0.02, thereby lowering the final Additional Fee.
- The coefficient k is increased from 0.05 (five hundredths) to 0.07 (seven hundredths).
- The asset liquidity coefficient L, as previously, takes values of either 0.5 or 1.0 depending on the presence of the market maker flag, but it is now considered at an earlier stage.
- A new multiplier K_i is introduced to calculate the normalized number of orders related to the Passive Only flag, which can take values of 0.5 or 1.0.
- The parameter Orders_i_type is introduced to denote the number of orders submitted by the User on behalf of themselves or their Client into the Exchange Trading System for each trading day according to the order type (i).
- The value of Orders is updated to represent the normalized number of actual orders submitted. This plays a crucial role in recalculating orders exceeding the threshold of 1 million units/day.
- The daily ceiling for Additional Fee is increased from 300,000 RUB to 1.5 million RUB.
The revised document titled “Additional fees and charges stipulated in the integrated IT Service Agreement” has been published on the Exchange website: https://fs.moex.com/files/18033 (Russian only).

Corresponding changes are being made to the EQM16 report format, “Clearing participant’s liabilities on Additional Fee”. Participants will be able to use the following additional lines of information for Additional Fee calculation verification:

Changes in RECORDS node attributes:
- New attribute NumOrdersALL: Number of orders for Additional fee calculation
- New attribute SumNumOrdersMM: The actual number of non-market maker orders, excluding those with the ‘Passive Only’ flag, used for calculating the adjusted count
- New attribute SumNumOrdersMMPO: The actual number of market maker orders with the ‘Passive Only’ flag, used for calculating the adjusted count
- New attribute SumNumOrdersPO: The actual number of non-market maker orders with the ‘Passive Only’ flag, used for calculating the adjusted count
- New attribute SumNumOrders: The actual number of non-market maker orders, excluding those with the ‘Passive Only’ flag, used for calculating the adjusted count
- The attribute NumOrdersGTA is renamed to NumOrdersALL to display the total number of orders for Additional fee calculation purposes
- The purpose of the attribute NumOrdersGTA is changed to represent the normalized order count for Additional fee calculation
- The attribute NumMMOrdersGTA is removed – Number of market making orders for Additional fee calculation
Changes in DETAILS node attributes:
- New attribute NumOrdersCode: Number of orders
- New attribute NumOrdersMM: Number of market maker orders, excluding those with the ‘Passive Only’ flag
- New attribute NumOrdersMMPO: Number of market maker orders with the ‘Passive Only’ flag
- New attribute NumOrdersPO: Number of non-market maker orders with the with the ‘Passive Only’ flag
- The purpose of the attribute NumOrders is changed to represent the number of non-market maker orders, excluding those with the ‘Passive Only’ flag
- The attribute NumMMOrders is removed – Number of market making orders
Updated specifications for report formats are available on the MOEX website: https://fs.moex.com/files/13900.

Updated files containing schemas and styles for printed report forms are available on the MOEX FTP server: https://ftp.moex.com/pub/Reports/Equities.

Please note; this information is raw content received directly from the information source. It is an accurate account of what the source claims, and does not necessarily reflect the position of MIL-OSI or its clients.
MIL OSI Russia News –
July 7, 2025
MIL-OSI United Kingdom: Islanders urged to stay vigilant of counterfeit pet medicines 7 July 2025 Islanders urged to stay vigilant after toxic chemicals discovered in counterfeit pet medicines
Source: Aisle of Wight

Pet owners on the Isle of Wight are being urged to take extra care when buying flea and worm treatments online, following a national warning about dangerous counterfeit products that have already caused serious harm to animals.

The Intellectual Property Office (IPO) and the Veterinary Medicines Directorate (VMD) have issued an urgent alert after a cat required emergency surgery due to poisoning from a fake flea treatment.

Tests revealed the product contained pirimiphos-methyl, a toxic insecticide that is highly dangerous to cats.

While the incident occurred on the mainland, authorities are warning that counterfeit pet medicines are being sold across the UK, including through popular e-commerce platforms accessible to Island residents.

Counterfeit treatments often mimic the packaging of trusted brands like FRONTLINE® but may contain harmful chemicals or lack active ingredients altogether. Warning signs include:
- spelling mistakes or foreign languages on packaging;
- unusual smells (such as white spirit or paraffin);
- difficulty opening the packaging;
- suspiciously low prices.
“Pirimiphos-methyl is toxic to cats. Exposure to this insecticide can prevent the cat’s body from breaking down a substance called acetylcholine, leading to an overstimulation of the cat’s nervous system. 

“This can cause symptoms such as vomiting, uncoordinated gait, muscle tremors, weakness, paralysis, increased sensitivity to touch, difficulty breathing, restlessness, urinary incontinence, low heart rate and seizures.

“In some cases, even death can sadly occur. If you suspect your pet has been exposed to a counterfeit medicine, seek veterinary advice immediately.”

Island pet owners are encouraged to remain cautious when purchasing treatments for their animals. Always buy from trusted sources — ideally your local vet or a reputable retailer — rather than unknown third-party sellers online.

When you receive a product, take a moment to inspect the packaging carefully. Look out for anything unusual, such as spelling mistakes, missing information, or strange smells, which could indicate a counterfeit.

If you see these goods being offered for sale, whether on a website, social media post or on the high street, contact Trading Standards or Crimestoppers online or by calling 0800 555 111.

In 2024 alone, the VMD seized over 18,000 illegal animal medicines and supplements. One online seller had already distributed over 200 batches of fake treatments before being shut down.

James Potter, Trading Standards and community safety manager at the Isle of Wight Council, said: “The appeal of cheaper goods may seem tempting, but counterfeit goods will be of a very poor quality and will not have gone through the same amount of rigorous testing as genuine products.

“The consequences of counterfeit goods have a serious impact and in addition, the purchase of illegal goods helps to fund other criminality. It also harms our local, honest businesses.

“If you’re aware of counterfeit goods being sold, please report this to Trading Standards where we will use our range of enforcement powers to remove them from the market and pursue further action through the courts if required.”

If you have you been personally affected by a poisoning case, you should report through the Veterinary Poisons Information Service (VPIS) questionnaire.

If you encounter suspicious veterinary medicines or retailers, please also report them to the VMD Enforcement Team. (You can do so anonymously if preferred):

Photo shows Smokey, a beloved cat who nearly died after being treated with a fake flea product bought online.
MIL OSI United Kingdom –
July 7, 2025
MIL-OSI: Bluewave Nexor: This Bluewave Nexor App Sets New Standard in AI-Driven Trading with Unmatched Security and User Approval
Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 07, 2025 (GLOBE NEWSWIRE) — As digital transformation continues to redefine global markets, Bluewave Nexor has emerged as one of the most talked-about innovations in AI-driven trading. At a time when market unpredictability and data overload challenge even seasoned investors, this next-gen platform offers something different: clarity through automation. With AI at its core, Bluewave Nexor is attracting attention for its ability to turn complex trading decisions into efficient, user-driven actions.

What sets the platform apart is not just its performance—it’s the growing user base that spans both retail traders and financial strategists. As reports of increased accessibility, fast execution, and advanced analytics continue to surface, industry watchers are calling Bluewave Nexor a “breakthrough in intelligent finance.” From Australia to Europe, and across the Americas, the buzz isn’t slowing down.

With security, usability, and automation baked into its infrastructure, Bluewave Nexor is now widely seen as a symbol of where trading is headed. In a landscape filled with uncertainty, this platform offers a rare sense of stability and insight—precisely what traders have been looking for.

AI-Powered Trading at Its Core: The Technology Behind Bluewave Nexor

Behind the scenes of Bluewave Nexor is a sophisticated AI engine built to monitor markets, detect shifts in momentum, and deliver predictive trade suggestions in real time. This isn’t simple automation—it’s adaptive intelligence. The system learns from historical data and evolving price patterns, helping users act faster and more strategically.

At the heart of the platform is a proprietary algorithm that processes thousands of data points per second. From crypto volatility to traditional stock signals, Bluewave Nexor’s AI doesn’t just react to trends—it anticipates them. Users gain access to dynamic trading recommendations based on technical analysis, sentiment mapping, and behavioral forecasting.

Unlike many trading tools that require manual oversight or steep learning curves, Bluewave Nexor streamlines the experience. AI handles the analytics, while the user maintains control over trade execution, parameters, and risk preferences. The result is a hybrid model—advanced enough for professionals, yet intuitive enough for newcomers.

In 2025, where AI is rapidly becoming the backbone of finance, Bluewave Nexor stands out as a pioneer. It’s not just about speed; it’s about smarter, safer, and more personalized trading backed by real-time intelligence.

What Is Bluewave Nexor and How Does It Work?

Bluewave Nexor is an AI-enhanced trading platform designed to simplify and optimize how users participate in financial markets. It operates as both a web-based interface and a mobile-friendly app, offering 24/7 access to major assets like cryptocurrencies, stocks, and forex pairs.

Once a user signs up and deposits funds, the platform’s AI engine begins its role—analyzing live market feeds and delivering actionable insights. These can include potential buy/sell points, momentum surges, and risk indicators. The user then decides whether to trade manually or activate automated strategies using preset rules. This system is free for all customers to use, and the minimum capital you have to invest is only $250.

What makes Bluewave Nexor unique is its real-time adaptability. The system doesn’t follow a rigid pattern—it evolves. As market conditions change, so do the AI’s recommendations. It considers a broad set of factors, including market depth, historical trends, and even sentiment shifts drawn from digital media.

Bluewave Nexor also integrates essential risk controls such as stop-loss and take-profit thresholds, allowing users to maintain discipline during volatile periods. Whether users choose short-term scalping or long-term positioning, the platform offers the flexibility and insight needed to make data-backed moves with confidence.

Visit the Official Website Here

Security First: How Bluewave Nexor Protects Its Users

In a time when cyberattacks and data breaches are on the rise, Bluewave Nexor has made security one of its top priorities. From the moment a user registers, every interaction is encrypted using advanced protocols that meet global standards for financial technology.

The platform employs end-to-end SSL encryption, two-factor authentication (2FA), and continuous threat monitoring to ensure a safe environment for both user data and transaction activity. Login access is device-restricted by default, adding an additional barrier against unauthorized entry.

Bluewave Nexor also maintains strict data segregation policies—meaning your personal details, trading history, and financial activity are never stored in a single vulnerable location. This multi-tiered protection model helps minimize the risk of identity theft or unauthorized fund withdrawals.

Beyond tech safeguards, Bluewave Nexor’s internal compliance standards are aligned with industry best practices, ensuring that users operate within a secure and transparent ecosystem. For traders, this means peace of mind—knowing their accounts are protected while they focus on performance.

More Information on Bluewave Nexor Can Be Found On The Official Website Here

User-Centric Design: What Makes Bluewave Nexor App So Widely Adopted

One of the core reasons Bluewave Nexor is seeing rapid adoption in 2025 is its emphasis on user experience. While some trading platforms overwhelm with complexity, Bluewave Nexor focuses on accessibility without sacrificing depth.

The dashboard is clean, responsive, and logically organized. New users can navigate key features—like portfolio summaries, trade setups, and AI recommendations—within minutes. Everything is designed with a “click-to-act” philosophy, reducing the friction that often discourages new traders.

For seasoned investors, the platform offers customization tools including configurable charts, technical overlays, and multi-asset watchlists. There’s even a demo mode for practice sessions, allowing users to test strategies in a risk-free environment.

Accessibility is also a major draw. Whether using a desktop, tablet, or smartphone, the Bluewave Nexor interface adjusts smoothly for real-time monitoring and control. Notifications can be configured to alert users of potential trade opportunities, account changes, or market volatility—ensuring they’re always in the loop.

In short, the platform is built around the needs of its users—not the other way around. That’s why Bluewave Nexor continues to outperform expectations in global adoption metrics.

How To Create An Account On Bluewave Nexor?

Getting started with Bluewave Nexor is a straightforward, secure process designed to get users trading as quickly—and safely—as possible.
1. Visit the Official Platform: Users begin by accessing the official Bluewave Nexor website, where a registration form is prominently displayed.
2. Complete Registration: You’ll enter your basic information—name, email, and phone number—then choose a password. The process takes under two minutes.
3. Verify Your Identity: To ensure compliance and user safety, a verification step is required. Users typically upload a government-issued ID and complete basic identity checks.
4. Fund Your Account: Once verified, users can make their first deposit using accepted payment methods, which may include credit cards, bank transfers, or crypto wallets. Minimum deposits is $250 but it may vary by region.
5. Access the Dashboard: With funds available, users gain full access to the platform. From here, they can begin trading manually or enable automated tools based on AI guidance.
Throughout the process, Bluewave Nexor provides support via live chat and helpdesk functions, ensuring that users are never left navigating alone.

Automated Strategy Execution: How Bluewave Nexor Streamlines Market Timing

In fast-moving financial markets, milliseconds can make the difference between profit and loss. Bluewave Nexor understands this urgency—and meets it with a trading automation system designed for precision and adaptability. At the core of the platform lies an AI-driven strategy engine that executes trades in real time based on live data, pre-set user preferences, and evolving market indicators.
Users can choose from a variety of trading modes—such as conservative, moderate, or high-frequency—tailored to their individual risk profiles. Once configured, the system actively scans global markets, triggers trade orders at optimal points, and manages risk using built-in stop-loss and take-profit mechanisms.
What sets Bluewave Nexor apart is its real-time reactivity. The AI doesn’t rely on static rules; it adjusts strategy execution dynamically as conditions shift. Whether there’s a price breakout, momentum reversal, or macroeconomic trigger, the platform recalibrates without requiring constant manual intervention.
This automation doesn’t mean users lose control. All automated settings can be toggled, paused, or fine-tuned from a simple interface, giving traders full command over how and when the AI acts. For many, it’s the perfect balance—hands-off when markets move fast, hands-on when nuance is required.
Bluewave Nexor’s automated strategy tools are helping traders respond to volatility not with fear—but with speed, structure, and intelligence.

Why Choose Bluewave Nexor? Australia and Canada Consumer Report Released Here

Bluewave Nexor’s Global Reach: Why Traders in 100+ Countries Are Signing Up

As digital finance becomes increasingly borderless, Bluewave Nexor is proving that intelligent trading technology knows no boundaries. With users across more than 100 countries, the platform’s growing global footprint is a testament to its accessibility, adaptability, and trustworthiness.
From urban trading hubs in Sydney and Toronto to emerging markets in Southeast Asia and Latin America, Bluewave Nexor is finding resonance with users seeking intuitive tools and real-time analytics. Its interface supports multiple languages and currencies, and its infrastructure is designed to deliver consistent performance regardless of geography or time zone.
Localized onboarding, compliance adherence, and customer support ensure users in different regions experience the same level of service. Bluewave Nexor’s ability to operate smoothly within diverse regulatory frameworks has made it especially popular in markets with rising demand for crypto access but limited tools that combine automation and oversight.
Importantly, the platform’s low barrier to entry makes it accessible even in areas where capital flow restrictions might limit traditional investing. With flexible payment options, secure withdrawals, and responsive support, Bluewave Nexor offers a truly inclusive approach to AI-powered trading.
As traders across continents adopt digital-first strategies, Bluewave Nexor’s global presence signals more than expansion—it reflects a new standard in smart, scalable trading solutions for everyone, everywhere.

How to Get Started with Bluewave Nexor Safely in 2025

In 2025, safe onboarding is more than convenience—it’s a necessity. Bluewave Nexor makes this easy by integrating layered protection into every step of account creation and use.

The first step is choosing the correct access point—using only the official website to avoid phishing or third-party lookalikes. From there, users register and complete KYC verification, helping ensure a secure and regulated environment.

It’s also recommended that users enable two-factor authentication (2FA) immediately after registration. This adds an extra layer of defense against unauthorized access.

For users new to trading or AI platforms, the demo mode is a smart way to explore features before committing capital. And even once live, Bluewave Nexor’s stop-loss tools and account alerts help maintain control.

Deposits and withdrawals are encrypted and managed via secure gateways, adding peace of mind to every transaction. Live support is available throughout the process, ensuring no user is left navigating alone.

By following these safety-first steps, users can experience all the benefits of Bluewave Nexor’s trading technology—without unnecessary risk.

Final Word: Why Bluewave Nexor Is Shaping the Future of Smart Investing

Bluewave Nexor isn’t just another trading app—it’s a milestone in the evolution of financial technology. With intelligent automation, strong user protection, and a clean user experience, it delivers a toolkit designed for today’s fast-paced markets.

What makes it truly stand out, though, is accessibility. By making advanced trading tools available to non-experts while still satisfying the needs of professionals, Bluewave Nexor achieves something rare: simplicity without limitation.

Analysts, users, and tech observers agree—the platform has laid a blueprint for how AI and financial access should coexist. Whether you’re trading crypto, exploring new markets, or seeking more control over your investment journey, Bluewave Nexor offers a streamlined, secure, and intelligent way forward.

In 2025, where automation and trust are essential, Bluewave Nexor is one name that continues to rise with purpose.

Visit Here to Register on the Bluewave Nexor – Select Your Country Here!!!

Contact:-
Bluewave Nexor
(713) 231-4768
50 W 4th St, New York, NY 10012, USA
Email: info@bluewavenexor.org
Website: https://bluewavenexor.org/

General Disclaimer:
The content provided in this article is for informational and educational purposes only. It does not constitute financial, legal, or professional advice. Readers are advised to consult a certified financial advisor, licensed loan officer, or legal professional before making any financial decisions. The information presented may not apply to every individual circumstance and is not intended to substitute professional judgment or regulatory guidance. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. We does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Trading Disclaimer:
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO’s, IEO’s, STO’s and any other form of offering will not guarantee a return on your investment.
HIGH RISK WARNING: Dealing or Trading FX, CFDs and Cryptocurrencies is highly speculative, carries a level of non-negligible risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. Please refer to the risk disclosure below. Bluewave Nexor does not gain or lose profits based on your activity and operates as a services company. Bluewave Nexor is not a financial services firm and is not eligible of providing financial advice. Therefore, Bluewave Nexor shall not be liable for any losses occurred via or in relation to this informational website.
SITE RISK DISCLOSURE: Bluewave Nexor does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of and seek professional advice for the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in FX, CFDs and Cryptocurrencies may not be suitable for all investors. Bluewave Nexor doesn”t retain responsibility for any trading losses you might face as a result of using or inferring from the data hosted on this site.
LEGAL RESTRICTIONS: Without limiting the above mentioned provisions, you understand that laws regarding financial activities vary throughout the world, and it is your responsibility to make sure you properly comply with any law, regulation or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations or directives relevant to your country of residence. It is against the law to solicit US individuals to buy and sell commodity options, even if they are called “prediction” contracts, unless they are listed for trading and traded on a CFTC-registered exchange unless legally exempt. The UK Financial Conduct Authority has issued a policy statement PS20/10, which prohibits the sale, promotion, and distribution of CFD on Crypto assets. It prohibits the dissemination of marketing materials relating to distribution of CFDs and other financial products based on
Cryptocurrencies that addressed to UK residents. The provision of trading services involving any MiFID II financial instruments is prohibited in the EU, unless when authorized/licensed by the applicable authorities and/or regulator(s). Please note that we may receive advertising fees for users opted to open an account with our partner advertisers via advertisers websites. We have placed cookies on your computer to help improve your experience when visiting this website. You can change cookie settings on your computer at any time. Use of this website indicates your acceptance of this website. Please be advised that the names depicted on our website, including but not limited to Bluewave Nexor, are strictly for marketing and illustrative purposes. These names do not represent or imply the existence of specific entities, service providers, or any real-life individuals. Furthermore, the pictures and/or videos presented on our website are purely promotional in nature and feature professional actors. These actors are not actual users, clients, or traders, and their depictions should not be interpreted as endorsements or representations of real-life experiences. All content is intended solely for illustrative purposes and should not be construed as factual or as forming any legally binding relationship
RISKS ASSOCIATED WITH FUTURES TRADING
Futures transactions involve high risk. The amount of the initial margin is low compared to the value of the futures contract, so that transactions are “leveraged” or “geared”. A relatively small market movement has a proportionately larger impact on the funds that you have deposited or have to pay: this can work both for you and against you. You may experience the total loss of the initial margin funds as well as any additional funds deposited in the system. If the market develops in a way that is contrary to your position or if margins are increased, you may be asked to pay significant additional funds at short notice to maintain your position. In this case it may also happen that your broker account is in the red and you thus have to make payments beyond the initial investment.
RISKS ASSOCIATED WITH ELECTRONIC TRADING
Before you begin carrying out transactions with an electronic system, you should carefully review the rules and provisions of the stock exchange offering the system, or of the financial instruments listed that you intend to trade, as well as your broker’s conditions. Online trading has inherent risks due to system responses/reaction times and access times that may vary due to market conditions, system performance and other factors, and on which you have no influence. You should be aware of these additional risks in electronic trading before you carry out investment transactions.
Affiliate Disclosure:
This article may contain affiliate links. If a reader clicks on a link and completes an application or purchase, the publisher may receive a commission at no additional cost to the user. These commissions help support the publication and do not influence the editorial content, which is created independently and with the goal of delivering accurate and useful information.
Accuracy Disclaimer:
All information included in this article is presented in good faith and believed to be accurate at the time of writing. However, no representations or warranties are made regarding the completeness, accuracy, reliability, or timeliness of any information presented. Any reliance placed on such information is strictly at the reader’s own risk. The publisher does not accept responsibility for typographical errors, outdated information, or changes to products, terms, or policies after publication.
Regulatory and Jurisdictional Disclaimer:
Lending laws vary by jurisdiction, and not all services described in this article may be available in every state or region. It is the responsibility of the reader to understand and comply with local laws and regulations. The platforms mentioned are independently operated and are not controlled or endorsed by the publisher.
Third-Party Liability Waiver:
The publisher, its writers, editors, affiliates, and syndication partners shall not be held liable for any direct or indirect loss, damages, or legal claims arising from the use of this content or from reliance on any third-party services, platforms, or products mentioned herein. All loan agreements, terms, and disputes are strictly between the borrower and the lender or service provider.
Syndication Partner Use:
This content may be republished or syndicated by authorized partners under existing licensing or distribution arrangements. All syndication partners are free from liability regarding the editorial stance, financial suggestions, or any user outcome resulting from the reading or application of this content.

Attachment
- Bluewave Nexor
The MIL Network –
July 7, 2025
MIL-OSI: Bluewave Nexor: This Bluewave Nexor App Sets New Standard in AI-Driven Trading with Unmatched Security and User Approval
Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 07, 2025 (GLOBE NEWSWIRE) — As digital transformation continues to redefine global markets, Bluewave Nexor has emerged as one of the most talked-about innovations in AI-driven trading. At a time when market unpredictability and data overload challenge even seasoned investors, this next-gen platform offers something different: clarity through automation. With AI at its core, Bluewave Nexor is attracting attention for its ability to turn complex trading decisions into efficient, user-driven actions.

What sets the platform apart is not just its performance—it’s the growing user base that spans both retail traders and financial strategists. As reports of increased accessibility, fast execution, and advanced analytics continue to surface, industry watchers are calling Bluewave Nexor a “breakthrough in intelligent finance.” From Australia to Europe, and across the Americas, the buzz isn’t slowing down.

With security, usability, and automation baked into its infrastructure, Bluewave Nexor is now widely seen as a symbol of where trading is headed. In a landscape filled with uncertainty, this platform offers a rare sense of stability and insight—precisely what traders have been looking for.

AI-Powered Trading at Its Core: The Technology Behind Bluewave Nexor

Behind the scenes of Bluewave Nexor is a sophisticated AI engine built to monitor markets, detect shifts in momentum, and deliver predictive trade suggestions in real time. This isn’t simple automation—it’s adaptive intelligence. The system learns from historical data and evolving price patterns, helping users act faster and more strategically.

At the heart of the platform is a proprietary algorithm that processes thousands of data points per second. From crypto volatility to traditional stock signals, Bluewave Nexor’s AI doesn’t just react to trends—it anticipates them. Users gain access to dynamic trading recommendations based on technical analysis, sentiment mapping, and behavioral forecasting.

Unlike many trading tools that require manual oversight or steep learning curves, Bluewave Nexor streamlines the experience. AI handles the analytics, while the user maintains control over trade execution, parameters, and risk preferences. The result is a hybrid model—advanced enough for professionals, yet intuitive enough for newcomers.

In 2025, where AI is rapidly becoming the backbone of finance, Bluewave Nexor stands out as a pioneer. It’s not just about speed; it’s about smarter, safer, and more personalized trading backed by real-time intelligence.

What Is Bluewave Nexor and How Does It Work?

Bluewave Nexor is an AI-enhanced trading platform designed to simplify and optimize how users participate in financial markets. It operates as both a web-based interface and a mobile-friendly app, offering 24/7 access to major assets like cryptocurrencies, stocks, and forex pairs.

Once a user signs up and deposits funds, the platform’s AI engine begins its role—analyzing live market feeds and delivering actionable insights. These can include potential buy/sell points, momentum surges, and risk indicators. The user then decides whether to trade manually or activate automated strategies using preset rules. This system is free for all customers to use, and the minimum capital you have to invest is only $250.

What makes Bluewave Nexor unique is its real-time adaptability. The system doesn’t follow a rigid pattern—it evolves. As market conditions change, so do the AI’s recommendations. It considers a broad set of factors, including market depth, historical trends, and even sentiment shifts drawn from digital media.

Bluewave Nexor also integrates essential risk controls such as stop-loss and take-profit thresholds, allowing users to maintain discipline during volatile periods. Whether users choose short-term scalping or long-term positioning, the platform offers the flexibility and insight needed to make data-backed moves with confidence.

Visit the Official Website Here

Security First: How Bluewave Nexor Protects Its Users

In a time when cyberattacks and data breaches are on the rise, Bluewave Nexor has made security one of its top priorities. From the moment a user registers, every interaction is encrypted using advanced protocols that meet global standards for financial technology.

The platform employs end-to-end SSL encryption, two-factor authentication (2FA), and continuous threat monitoring to ensure a safe environment for both user data and transaction activity. Login access is device-restricted by default, adding an additional barrier against unauthorized entry.

Bluewave Nexor also maintains strict data segregation policies—meaning your personal details, trading history, and financial activity are never stored in a single vulnerable location. This multi-tiered protection model helps minimize the risk of identity theft or unauthorized fund withdrawals.

Beyond tech safeguards, Bluewave Nexor’s internal compliance standards are aligned with industry best practices, ensuring that users operate within a secure and transparent ecosystem. For traders, this means peace of mind—knowing their accounts are protected while they focus on performance.

More Information on Bluewave Nexor Can Be Found On The Official Website Here

User-Centric Design: What Makes Bluewave Nexor App So Widely Adopted

One of the core reasons Bluewave Nexor is seeing rapid adoption in 2025 is its emphasis on user experience. While some trading platforms overwhelm with complexity, Bluewave Nexor focuses on accessibility without sacrificing depth.

The dashboard is clean, responsive, and logically organized. New users can navigate key features—like portfolio summaries, trade setups, and AI recommendations—within minutes. Everything is designed with a “click-to-act” philosophy, reducing the friction that often discourages new traders.

For seasoned investors, the platform offers customization tools including configurable charts, technical overlays, and multi-asset watchlists. There’s even a demo mode for practice sessions, allowing users to test strategies in a risk-free environment.

Accessibility is also a major draw. Whether using a desktop, tablet, or smartphone, the Bluewave Nexor interface adjusts smoothly for real-time monitoring and control. Notifications can be configured to alert users of potential trade opportunities, account changes, or market volatility—ensuring they’re always in the loop.

In short, the platform is built around the needs of its users—not the other way around. That’s why Bluewave Nexor continues to outperform expectations in global adoption metrics.

How To Create An Account On Bluewave Nexor?

Getting started with Bluewave Nexor is a straightforward, secure process designed to get users trading as quickly—and safely—as possible.
1. Visit the Official Platform: Users begin by accessing the official Bluewave Nexor website, where a registration form is prominently displayed.
2. Complete Registration: You’ll enter your basic information—name, email, and phone number—then choose a password. The process takes under two minutes.
3. Verify Your Identity: To ensure compliance and user safety, a verification step is required. Users typically upload a government-issued ID and complete basic identity checks.
4. Fund Your Account: Once verified, users can make their first deposit using accepted payment methods, which may include credit cards, bank transfers, or crypto wallets. Minimum deposits is $250 but it may vary by region.
5. Access the Dashboard: With funds available, users gain full access to the platform. From here, they can begin trading manually or enable automated tools based on AI guidance.
Throughout the process, Bluewave Nexor provides support via live chat and helpdesk functions, ensuring that users are never left navigating alone.

Automated Strategy Execution: How Bluewave Nexor Streamlines Market Timing

In fast-moving financial markets, milliseconds can make the difference between profit and loss. Bluewave Nexor understands this urgency—and meets it with a trading automation system designed for precision and adaptability. At the core of the platform lies an AI-driven strategy engine that executes trades in real time based on live data, pre-set user preferences, and evolving market indicators.
Users can choose from a variety of trading modes—such as conservative, moderate, or high-frequency—tailored to their individual risk profiles. Once configured, the system actively scans global markets, triggers trade orders at optimal points, and manages risk using built-in stop-loss and take-profit mechanisms.
What sets Bluewave Nexor apart is its real-time reactivity. The AI doesn’t rely on static rules; it adjusts strategy execution dynamically as conditions shift. Whether there’s a price breakout, momentum reversal, or macroeconomic trigger, the platform recalibrates without requiring constant manual intervention.
This automation doesn’t mean users lose control. All automated settings can be toggled, paused, or fine-tuned from a simple interface, giving traders full command over how and when the AI acts. For many, it’s the perfect balance—hands-off when markets move fast, hands-on when nuance is required.
Bluewave Nexor’s automated strategy tools are helping traders respond to volatility not with fear—but with speed, structure, and intelligence.

Why Choose Bluewave Nexor? Australia and Canada Consumer Report Released Here

Bluewave Nexor’s Global Reach: Why Traders in 100+ Countries Are Signing Up

As digital finance becomes increasingly borderless, Bluewave Nexor is proving that intelligent trading technology knows no boundaries. With users across more than 100 countries, the platform’s growing global footprint is a testament to its accessibility, adaptability, and trustworthiness.
From urban trading hubs in Sydney and Toronto to emerging markets in Southeast Asia and Latin America, Bluewave Nexor is finding resonance with users seeking intuitive tools and real-time analytics. Its interface supports multiple languages and currencies, and its infrastructure is designed to deliver consistent performance regardless of geography or time zone.
Localized onboarding, compliance adherence, and customer support ensure users in different regions experience the same level of service. Bluewave Nexor’s ability to operate smoothly within diverse regulatory frameworks has made it especially popular in markets with rising demand for crypto access but limited tools that combine automation and oversight.
Importantly, the platform’s low barrier to entry makes it accessible even in areas where capital flow restrictions might limit traditional investing. With flexible payment options, secure withdrawals, and responsive support, Bluewave Nexor offers a truly inclusive approach to AI-powered trading.
As traders across continents adopt digital-first strategies, Bluewave Nexor’s global presence signals more than expansion—it reflects a new standard in smart, scalable trading solutions for everyone, everywhere.

How to Get Started with Bluewave Nexor Safely in 2025

In 2025, safe onboarding is more than convenience—it’s a necessity. Bluewave Nexor makes this easy by integrating layered protection into every step of account creation and use.

The first step is choosing the correct access point—using only the official website to avoid phishing or third-party lookalikes. From there, users register and complete KYC verification, helping ensure a secure and regulated environment.

It’s also recommended that users enable two-factor authentication (2FA) immediately after registration. This adds an extra layer of defense against unauthorized access.

For users new to trading or AI platforms, the demo mode is a smart way to explore features before committing capital. And even once live, Bluewave Nexor’s stop-loss tools and account alerts help maintain control.

Deposits and withdrawals are encrypted and managed via secure gateways, adding peace of mind to every transaction. Live support is available throughout the process, ensuring no user is left navigating alone.

By following these safety-first steps, users can experience all the benefits of Bluewave Nexor’s trading technology—without unnecessary risk.

Final Word: Why Bluewave Nexor Is Shaping the Future of Smart Investing

Bluewave Nexor isn’t just another trading app—it’s a milestone in the evolution of financial technology. With intelligent automation, strong user protection, and a clean user experience, it delivers a toolkit designed for today’s fast-paced markets.

What makes it truly stand out, though, is accessibility. By making advanced trading tools available to non-experts while still satisfying the needs of professionals, Bluewave Nexor achieves something rare: simplicity without limitation.

Analysts, users, and tech observers agree—the platform has laid a blueprint for how AI and financial access should coexist. Whether you’re trading crypto, exploring new markets, or seeking more control over your investment journey, Bluewave Nexor offers a streamlined, secure, and intelligent way forward.

In 2025, where automation and trust are essential, Bluewave Nexor is one name that continues to rise with purpose.

Visit Here to Register on the Bluewave Nexor – Select Your Country Here!!!

Contact:-
Bluewave Nexor
(713) 231-4768
50 W 4th St, New York, NY 10012, USA
Email: info@bluewavenexor.org
Website: https://bluewavenexor.org/

General Disclaimer:
The content provided in this article is for informational and educational purposes only. It does not constitute financial, legal, or professional advice. Readers are advised to consult a certified financial advisor, licensed loan officer, or legal professional before making any financial decisions. The information presented may not apply to every individual circumstance and is not intended to substitute professional judgment or regulatory guidance. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. We does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Trading Disclaimer:
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO’s, IEO’s, STO’s and any other form of offering will not guarantee a return on your investment.
HIGH RISK WARNING: Dealing or Trading FX, CFDs and Cryptocurrencies is highly speculative, carries a level of non-negligible risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. Please refer to the risk disclosure below. Bluewave Nexor does not gain or lose profits based on your activity and operates as a services company. Bluewave Nexor is not a financial services firm and is not eligible of providing financial advice. Therefore, Bluewave Nexor shall not be liable for any losses occurred via or in relation to this informational website.
SITE RISK DISCLOSURE: Bluewave Nexor does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of and seek professional advice for the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in FX, CFDs and Cryptocurrencies may not be suitable for all investors. Bluewave Nexor doesn”t retain responsibility for any trading losses you might face as a result of using or inferring from the data hosted on this site.
LEGAL RESTRICTIONS: Without limiting the above mentioned provisions, you understand that laws regarding financial activities vary throughout the world, and it is your responsibility to make sure you properly comply with any law, regulation or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations or directives relevant to your country of residence. It is against the law to solicit US individuals to buy and sell commodity options, even if they are called “prediction” contracts, unless they are listed for trading and traded on a CFTC-registered exchange unless legally exempt. The UK Financial Conduct Authority has issued a policy statement PS20/10, which prohibits the sale, promotion, and distribution of CFD on Crypto assets. It prohibits the dissemination of marketing materials relating to distribution of CFDs and other financial products based on
Cryptocurrencies that addressed to UK residents. The provision of trading services involving any MiFID II financial instruments is prohibited in the EU, unless when authorized/licensed by the applicable authorities and/or regulator(s). Please note that we may receive advertising fees for users opted to open an account with our partner advertisers via advertisers websites. We have placed cookies on your computer to help improve your experience when visiting this website. You can change cookie settings on your computer at any time. Use of this website indicates your acceptance of this website. Please be advised that the names depicted on our website, including but not limited to Bluewave Nexor, are strictly for marketing and illustrative purposes. These names do not represent or imply the existence of specific entities, service providers, or any real-life individuals. Furthermore, the pictures and/or videos presented on our website are purely promotional in nature and feature professional actors. These actors are not actual users, clients, or traders, and their depictions should not be interpreted as endorsements or representations of real-life experiences. All content is intended solely for illustrative purposes and should not be construed as factual or as forming any legally binding relationship
RISKS ASSOCIATED WITH FUTURES TRADING
Futures transactions involve high risk. The amount of the initial margin is low compared to the value of the futures contract, so that transactions are “leveraged” or “geared”. A relatively small market movement has a proportionately larger impact on the funds that you have deposited or have to pay: this can work both for you and against you. You may experience the total loss of the initial margin funds as well as any additional funds deposited in the system. If the market develops in a way that is contrary to your position or if margins are increased, you may be asked to pay significant additional funds at short notice to maintain your position. In this case it may also happen that your broker account is in the red and you thus have to make payments beyond the initial investment.
RISKS ASSOCIATED WITH ELECTRONIC TRADING
Before you begin carrying out transactions with an electronic system, you should carefully review the rules and provisions of the stock exchange offering the system, or of the financial instruments listed that you intend to trade, as well as your broker’s conditions. Online trading has inherent risks due to system responses/reaction times and access times that may vary due to market conditions, system performance and other factors, and on which you have no influence. You should be aware of these additional risks in electronic trading before you carry out investment transactions.
Affiliate Disclosure:
This article may contain affiliate links. If a reader clicks on a link and completes an application or purchase, the publisher may receive a commission at no additional cost to the user. These commissions help support the publication and do not influence the editorial content, which is created independently and with the goal of delivering accurate and useful information.
Accuracy Disclaimer:
All information included in this article is presented in good faith and believed to be accurate at the time of writing. However, no representations or warranties are made regarding the completeness, accuracy, reliability, or timeliness of any information presented. Any reliance placed on such information is strictly at the reader’s own risk. The publisher does not accept responsibility for typographical errors, outdated information, or changes to products, terms, or policies after publication.
Regulatory and Jurisdictional Disclaimer:
Lending laws vary by jurisdiction, and not all services described in this article may be available in every state or region. It is the responsibility of the reader to understand and comply with local laws and regulations. The platforms mentioned are independently operated and are not controlled or endorsed by the publisher.
Third-Party Liability Waiver:
The publisher, its writers, editors, affiliates, and syndication partners shall not be held liable for any direct or indirect loss, damages, or legal claims arising from the use of this content or from reliance on any third-party services, platforms, or products mentioned herein. All loan agreements, terms, and disputes are strictly between the borrower and the lender or service provider.
Syndication Partner Use:
This content may be republished or syndicated by authorized partners under existing licensing or distribution arrangements. All syndication partners are free from liability regarding the editorial stance, financial suggestions, or any user outcome resulting from the reading or application of this content.

Attachment
- Bluewave Nexor
The MIL Network –
July 7, 2025

Category: Trade

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