NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Transport

  • MIL-OSI China: Foreign firms eye China’s supply chain

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

    This panoramic photo taken on July 17, 2025 shows the Advanced Manufacturing Chain area of the third China International Supply Chain Expo (CISCE) in Beijing, capital of China. [Photo/Xinhua]

    With technological innovation playing an increasingly integral role in China’s supply chain operation, foreign firms will build more local partnerships in high-end manufacturing, modern services and consumer goods, senior executives from such corporations said on Thursday.

    At the ongoing third China International Supply Chain Expo (CISCE) in Beijing, they said China’s supply chain is evolving beyond simple connectivity to emphasize greater coordination, development and innovation.

    Held from Wednesday to Sunday, the third edition of CISCE has brought together more than 650 companies and institutions from 75 countries and regions, said the Beijing-based China Council for the Promotion of International Trade, organizer of the expo.

    The proportion of overseas exhibitors increased from 32 percent at the second edition to 35 percent this year — an indication of enduring business interest in the face of rising geopolitical and economic headwinds.

    German industrial conglomerate Bosch Group, a three-time participant at CISCE, showcased locally driven innovations in intelligent and electrified technologies across areas such as energy and power systems, motion control and driver assistance at the event this year.

    Xu Daquan, president of Bosch China, said that at a critical juncture in the accelerated restructuring of the global automotive supply chain, adhering to open cooperation and strengthening local manufacturing and innovation capabilities are essential for achieving long-term growth.

    “Bosch will continue to work with its Chinese partners to build a more resilient, agile and globally oriented smart mobility supply ecosystem,” said Xu.

    Driven by technology shifts and competition, China’s fast-evolving auto sector leads in electrification and smart mobility, fueled by innovation and rapid consumer adoption of new technologies, said the German company.

    Another active multinational presence at the expo is Federal Express Corp, the United States-based express transportation company and also a third-time CISCE participant. It presented a visually engaging booth at the trade show, featuring a diverse array of images and multimedia content.

    “As an important platform for promoting international supply chain connectivity, CISCE offers a valuable opportunity for us to deepen cooperation with industry and supply chain partners,” said Poh-Yian Koh, president of FedEx China, adding the company completed the upgrade of its international export services in Shenzhen, Guangdong province, earlier this week.

    FedEx looks forward to working together with all parties to build a stable, efficient, sustainable and intelligent supply chain network, injecting sustained momentum into the smooth operation of the economy and trade for China and the world, she said.

    Joining the expanding roster of global participants, French cosmetics company L’Oreal Group made its debut at this year’s CISCE, highlighting innovations in the beauty supply chain.

    Its exhibit emphasized smart, consumer-centric systems, open ecosystem collaboration, and the role of Chinese innovation in driving global expansion and delivering localized solutions worldwide.

    Chen Jiaqi, director of corporate affairs and engagement at L’Oreal China, said that the ever-evolving demands of Chinese consumers are pushing companies to step up innovation and optimize the entire value chain, from production and logistics to customer service.

    “In this process, many new technologies and business models co-created with Chinese supply chain partners have been introduced to the global stage, serving consumers worldwide,” said Chen.

    MIL OSI China News –

    July 18, 2025
  • MIL-OSI United Kingdom: New report finds systemic water company failure and underperformance

    Source: United Kingdom – Executive Government & Departments

    Press release

    New report finds systemic water company failure and underperformance

    Serious pollution incidents up 60% in 2024 from previous year

    • Serious pollution incidents up 60% in 2024 from previous year, new report shows 

    • Three water companies responsible for 81% of serious incidents 

    • Environment Agency now has greater powers and more funding than ever to hold poor performers to account 

    The number of water company pollution incidents across England rose sharply last year, a new report from the Environment Agency has found. The report shows consistently poor performance from all nine water and sewerage companies in the region, with serious pollution incidents in 2024 up 60% from 2023. 

    The Environment Agency (EA) assesses all pollution incidents, with category 1 (major) and category 2 (significant) incidents being the most serious. In 2024, 75 category 1 and 2 incidents were recorded, a steep rise from 47 serious incidents the previous year. 81% of these serious incidents were the responsibility of just three water companies – Thames Water (33 incidents), Southern Water (15 incidents) and Yorkshire Water (13 incidents). All pollution incidents (category 1 to 3) have increased by 29%: last year water companies recorded 2,801 incidents, up from 2,174 in 2023. 

    The EA is particularly concerned about the increasing trend in pollution spills from pipes carrying wastewater uphill – these accounted for 20% of the serious incidents in 2024 and impacted some protected waters for wildlife and swimming.  

    Reasons behind the 2024 results include persistent underinvestment in new infrastructure, poor asset maintenance, and reduced resilience due to the impacts of climate change.  

    Last financial year, the EA carried out over 4,000 inspections of water company assets. With more inspections, the EA discovers more non-compliance: last year 24% of sites breached their permits. The EA is clear that none of these factors, including wet weather, can excuse the unacceptable number of incidents last year, and water companies must meet their legal obligations to the environment and communities or face enforcement action.  

    Alan Lovell, Chair of the Environment Agency said: 

    This report demonstrates continued systemic failure by some companies to meet their environmental targets. 

    The water industry must act urgently to prevent pollution from occurring and to respond rapidly when it does.  

    We have made significant changes to tighten our regulation of the water industry and ensure companies are held to account. With a dedicated larger workforce and increased funding, our officers are uncovering and acting on failures to comply with environmental law.

    The EA’s expectations for water companies are set out in the Water Industry Strategic Environmental Requirements (WISER) guide, which states there should be a trend to zero serious pollution incidents by 2025, a reduction in all pollution incidents and high levels of water company self-reporting. It is evident that some companies are failing to meet these targets. 

    Under the Water (Special Measures) Act, the EA will have greater powers to take swift action against polluting companies, allowing them to close the justice gap and ultimately deter illegal activity from happening in the first place. To boost funding for water regulation, the EA is consulting on a new levy on the water sector to recover the cost of enforcement activities.  

    It comes as last week, Defra confirmed an £189m uplift for the EA’s water regulation, coming from charges paid by the sector rather than the public purse. This represents a 64% increase in funding since 2023/2024.  

    So far, the EA is on track to deliver 10,000 inspections of water company assets next year and we will continue to work closely with government and fellow regulators to hold companies to account so they deliver the environmental improvements for communities and wildlife.  

    The Act also requires companies to produce annual Pollution Incident Reduction Plans to address the root cause of persistent problems and prevent pollution incidents.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 18 July 2025

    MIL OSI United Kingdom –

    July 18, 2025
  • MIL-OSI Asia-Pac: Speech by SCST at completion ceremony of Hong Kong Maritime Museum Jockey Club Anchor Plaza (English only)

    Source: Hong Kong Government special administrative region

    Speech by SCST at completion ceremony of Hong Kong Maritime Museum Jockey Club Anchor Plaza (English only) 
    Mr Hext (Chairman of the Hong Kong Maritime Museum, Mr Richard Hext), Mr Hunsworth (Steward of the Hong Kong Jockey Club, Mr Nicholas D Hunsworth), distinguished guests, ladies and gentlemen,
     
    Good morning. As they say, weathering choppy waters is perhaps the trick of the trade of the maritime industry. So, here we are, a trail to our professionalism. It is my great pleasure to join you all today at the completion ceremony of the Hong Kong Maritime Museum Jockey Club Anchor Plaza. Even despite the weather, it is worth taking a good look at our anchor and hearing what Richard will have to say later, introducing what the Anchor’s importance is.  
     
    Founded in 2005, the Hong Kong Maritime Museum has long been preserving and promoting the unique maritime history and culture of Hong Kong. As it approaches its 20th anniversary this year, the Maritime Museum’s journey has been remarkable. From its origins at Murray House in Stanley to its current home at Central Pier No. 8, the Museum has evolved into a cultural treasure, showcasing an impressive collection of maritime heritage, welcoming around 100 000 visitors every year, and establishing itself as a vital maritime landmark in Hong Kong over the past two decades. I am also glad to know that the Hong Kong Maritime Museum has been increasingly popular among tourists, with over 20 000 visitors from the Mainland of China and overseas recorded just last year.
     
    Today, I am delighted to witness the completion of the Hong Kong Maritime Museum Jockey Club Anchor Plaza, one of the Chief Executive’s Community Projects. This milestone, achieved after years of dedicated efforts, represents an exciting new chapter in the development of the Museum. Featuring a striking anchor about 7 metres high and a ship-like pavilion, the Anchor Plaza will provide a brand-new public learning space, inviting visitors to explore Hong Kong’s maritime culture while adding yet another vibrant attraction to the iconic Victoria Harbour. I believe that the Anchor Plaza will draw more people to come and appreciate Hong Kong’s unique history and culture as a port city.
     
    The next part of my speech is actually to give you an idea of what we give to have the museum and the support to the arts and culture scenes. But I think you would rather hear from Richard the story of the Anchor than listen to my speech. So I’m sure when I issue it as the press release, you will be able to learn about it.
     
    As you are all aware, the Government has been sparing no effort in fostering the development of arts and culture in recent years. Museums play an important role in preserving and disseminating cultural heritage. Apart from continuously improving public museum services, the Culture, Sports and Tourism Bureau and the Leisure and Cultural Services Department have been actively providing robust support for private institutions like the Hong Kong Maritime Museum. From thematic exhibitions like “Across Victoria Harbour” that revisit the past of Hong Kong, to the upcoming 2025 Forum for Asia-Pacific Maritime Culture to be held at the Museum, the Hong Kong Maritime Museum has played an integral role in enriching Hong Kong’s cultural landscape and fostering international cultural exchange that complements the Government’s work in a truly meaningful way.
     
    In addition to support from the Government, the successful completion of the great Anchor Plaza and the remarkable achievements of the Museum would not be possible without the dedication of the Hong Kong Maritime Museum team and the unwavering support from the Hong Kong Jockey Club, other patrons of the Museum, and the wider community. I would like to take this opportunity to express my sincere gratitude to everyone who has contributed to this project and to the ongoing growth of the Hong Kong Maritime Museum. Let’s join hands to make lasting contributions to the cultural development of Hong Kong.
     
    Let me wish the completion ceremony and the future of the Hong Kong Maritime Museum to weather through the choppy weather like right now, and I wish everybody a good day. Thank you.
    Issued at HKT 15:10

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    July 18, 2025
  • MIL-OSI: MoneyHero Group Announces Winners of the SingSaver Best-Of Awards

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 18, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, successfully hosted the inaugural MoneyHero Group Presents: SingSaver Best-Of Awards gala on 17 July 2025. The event celebrated credit cards, investment products, insurance offerings, and digital banks that deliver the most exceptional value to Singapore consumers.

    The gala was well attended by over 170 guests, including senior executives from leading financial institutions, industry experts, and members of the media. This milestone event underscored MoneyHero’s commitment to promoting financial literacy and driving excellence within Singapore’s personal finance landscape.

    Beyond recognising excellence, the event fostered valuable connections across MoneyHero’s extensive network of partnerships, strengthening collaboration and supporting the continued growth of the personal finance ecosystem in Singapore.

    A total of 45 awards were presented across categories, such as credit cards, digital banks, investment products, and insurance. Winners this year included:

    • Best Credit Card for Travel Rewards: UOB Visa Signature Card
    • Best Credit Card for Dining: HSBC Live+ Credit Card
    • Best Credit Card for Shopping: OCBC Rewards Card
    • Best Credit Card for Everyday Spending: DBS yuu Card
    • Best Premium Credit Card: Citi Prestige Card
    • Best Credit Card for Simple Cashback: SCB Simply Cash Credit Card
    • Best Digital Bank for Seamless Onboarding: Trust Bank
    • Best Digital Bank for Integrated Investing Options: MariBank
    • Best Brokerage for Global Trading Experience for Everyday Investors: Tiger Brokers
    • Best Brokerage for US, SG, and HK Stocks: Webull Singapore
    • Best Brokerage for Beginner Investors in Singapore: Moomoo Singapore
    • Best Overall Travel Insurance Plan: FWD Premium
    • Top-Selling Insurance Provider on SingSaver: MSIG Insurance
    • Best Global Insurance Provider: Allianz Partners

    A full list of awardees and details of the judging methodology are available at:
    https://www.singsaver.com.sg/campaign/best-of-awards-2025

    Rohith Murthy, CEO of MoneyHero, said: “The inaugural MoneyHero Group Presents: SingSaver Best-Of Awards was a landmark event that brought together the personal finance community to recognise and celebrate products that deliver exceptional value to Singaporeans. By uniting our partners through this annual event, we aim to strengthen collaboration and foster innovation across the ecosystem—an approach we plan to extend to all markets where we operate. We sincerely thank the winners, nominees, judges, and attendees for their valuable contributions to this milestone event and their shared commitments to advancing financial empowerment.”

    Catherine Pang, Sales Director at Allianz Partners Singapore said: “We are honoured to be recognised in SingSaver Best-of Awards 2025. At Allianz Partners, our mission has always been to provide travellers with peace of mind through comprehensive, accessible, and responsive travel insurance solutions. This award is a reflection of the trust our customers place in us and the dedication of our team to deliver exceptional service — from seamless digital claims to round-the-clock emergency assistance. We are proud to stand alongside SingSaver and MoneyHero Group in empowering consumers to make informed financial decisions, and we remain committed to protecting every journey, near or far.”

    Gourab Kundu, Head of Digital Growth for Asia South at Citi Wealth said: “We’re honoured that the Citi Prestige and Citi Cash Back credit cards have been recognised at the inaugural SingSaver Best-of Awards 2025. This recognition is a testament to our customer-centric focus, bringing the best proposition to our clients. Moving forward, we will continue to enhance our value proposition for customers to ensure our product offerings fit their lifestyles and their needs.”

    Disclaimer

    The information provided on this press release is for educational and informational purposes only and should not be construed as financial or investment advice. While MoneyHero reviews and compares financial products to help consumers make informed decisions, it does not offer or provide personalised recommendations or investment advisory services. Consumers should always conduct their own research or consult a licensed financial professional before making any financial decisions.

    MoneyHero has made reasonable efforts to ensure that the information contained in this press release is accurate and up to date as at the date of publication. However, MoneyHero makes no warranties, express or implied, regarding the accuracy, completeness, or reliability of the information and accepts no liability (including liability to third parties) for any loss or damage arising from any error or omission in compiling or presenting such information, or reliance on the information provided.

    ​​​​​About SingSaver  

    SingSaver, part of MoneyHero Group (Nasdaq: MNY) – a market leading personal finance aggregation and comparison company in Greater Southeast Asia. Founded in May 2015, SingSaver has always been committed to matching consumers with the right financial products they need — from credit cards to personal loans, investing accounts to insurance policies, and much more. SingSaver helps thousands of consumers improve their money health with easy-to-use comparison platform along with impartial product reviews and extensive finance articles. For a full discovery, visit https://www.singsaver.com.sg/ 

    About MoneyHero Group

    MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines.  Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory.  The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 260 commercial partner relationships as at 31 March 2025, and had approximately 5.7 million Monthly Unique Users across its platform for the three months ended 31 March 2025. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

    For inquiries, please contact:

    Investor Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    MoneyHero PR Team
    Press@MoneyHeroGroup.com

    Photo 1:

    Group picture of all the guests and winners at the SingSaver Best-Of Awards.

    Photo 2:

    Rohith Murthy, CEO of MoneyHero Group, delivers the keynote address for the SingSaver Best-Of Awards.

    Photo 3:

    Guests at the SingSaver Best-Of Awards.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/f7405961-02c5-4496-9e76-6aca94a93d2f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/858e3357-72d6-4eb2-8650-68361bf3d98e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9caddd16-d470-4e76-9d64-0554c9fd42a6

    The MIL Network –

    July 18, 2025
  • MIL-OSI Africa: Accountability Series: Interior Minister Announces Transformative Initiatives

    Source: APO


    .

    The Ministry for the Interior has unveiled groundbreaking initiatives aimed at reforming the Prison Service and strengthening the nation’s security architecture.

    Speaking at the inaugural “Government Accountability Series” at the Presidency in Accra, Minister for the Interior, Alhaji Muntaka Mohammed-Mubarak, announced a pivotal shift for the Prison Service, transforming it into a key contributor to national production and inmate rehabilitation.

    As part of the government’s strategic efforts to resource state institutions and foster meaningful rehabilitation, the Ministry for the Interior has initiated discussions with the Ministry of Education to sign a Memorandum of Understanding. This landmark agreement will empower the Prison Service to supply:

    • 20% of sanitary pads for the nation’s Free Sanitary Initiative.
    • 30% of all school furniture procured by the government.
    • 30% of all school uniforms distributed nationwide.

    Alhaji Mohammed-Mubarak, articulating the rationale behind the initiative, stated that the initiative is designed to engender reforms within the nation’s prisons, where inmates are mostly caged.

    “We are moving beyond mere incarceration to equip inmates with valuable skills, foster productivity, and prepare them for successful reintegration into society.

    The Minister stated that the Ghana Police Service plays a critical role in upholding public order and supporting the government’s economic agenda.

    He lauded the Service’s unwavering commitment to public safety, highlighting its sustained efforts against illegal mining operations.

    These robust efforts have significantly curbed illicit activities in forest reserves and along water bodies, effectively preventing foreign nationals from engaging in small-scale mining and safeguarding the nation’s natural resources.

    In response to the government’s 24-Hour Economy programme, Mohammed-Mubarak announced the establishment of a dedicated 24-Hour Economy Secretariat at the Police Headquarters in Accra. This secretariat is designed to provide round-the-clock security for businesses, ensuring the safe movement of goods and people, and fostering unhindered economic growth across the country.

    The Minister further detailed the Ghana Police Service’s impressive successes in crime combat.

    Distributed by APO Group on behalf of The Presidency, Republic of Ghana.

    MIL OSI Africa –

    July 18, 2025
  • MIL-OSI Africa: Ghana: President Mahama welcomes London Mayor

    Source: APO


    .

    President John Dramani Mahama on Thursday reaffirmed Ghana’s firm commitment to international trade and investment, outlining the wide-ranging reforms actively fostering economic transformation and better governance.

    He was speaking during a courtesy call from the Mayor of London, Sir Sadiq Khan.

    The President stated that these strategic reforms, begun just six months into his administration, are already showing tangible results.

    He spoke about the renewed business confidence, the relative appreciation of the Cedi, and a decreasing inflation rate as important signs of economic stability and progress, especially after recent global challenges and inherited public debt burdens.

    “We are striving to cultivate a new sense of thinking, a fresh approach to doing things, and to ensure that we effectively serve the people who elected us to lead,” President Mahama stated.

    He elaborated on key government initiatives, including the ’24-Hour Economy’ policy, drawing inspiration from London, a city he described as “never sleeping.”

    The President explained, “We’ve launched a 24-Hour Economy initiative to harness Ghana’s vibrant youthful population and address the challenges of rapid urbanisation by promoting continuous economic activity and opportunities.”

    President Mahama further emphasised Ghana’s burgeoning digital landscape, indicating the country’s readiness to fully integrate into the global FinTech community with numerous digital services and innovative companies emerging across the country.

    He also reiterated the government’s strong focus on agriculture and agribusiness as vital sectors for creating more opportunities, particularly for young people.

    Discussions between the two leaders also delved into the deep historical and business ties connecting Accra and London.

    President Mahama acknowledged Accra’s rapid growth and expressed Ghana’s keen interest in learning from London’s extensive expertise in urban planning, efficient transport systems, modern waste management solutions, and effective flood control strategies.

    “For a city like London, the efficiency of your transport system, even with perceived challenges, is truly remarkable,” the President noted, adding, “We aspire to develop similar reliable systems where punctuality is the norm for our citizens.”

    In his remarks, Mayor Sir Sadiq Khan congratulated President Mahama on his re-election and commended the positive signals his administration is sending to the international community regarding Ghana’s potential.

    He praised the invaluable contributions of Londoners of Ghanaian origin, who are enriching various sectors of the city’s economy and public life, from healthcare and transport to the arts.

    Distributed by APO Group on behalf of The Presidency, Republic of Ghana.

    MIL OSI Africa –

    July 18, 2025
  • MIL-OSI: Equinor ASA: Share buy-back – second tranche for 2025

    Source: GlobeNewswire (MIL-OSI)

    Please see below information about transactions made under the second tranche of the 2025 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).

    Date on which the buy-back tranche was announced: 30 April 2025.
    The duration of the buy-back tranche: 16 May to no later than 21 July 2025.

    Further information on the tranche can be found in the stock market announcement on its commencement dated 30 April 2025, available here: https://newsweb.oslobors.no/message/644796

    From 14 July to 17 July 2025, Equinor ASA has purchased a total of 1,265,968 own shares at an average price of NOK 267.7138 per share.

    The second tranche of the 2025 share buy-back programme for Equinor ASA has now been completed.

    Overview of transactions:

    Date Trading venue Aggregated daily volume (number of shares) Daily weighted average share price (NOK) Total daily transaction value (NOK)
             
    14 July OSE 420,000 274.3443 115,224,606.00
      CEUX      
      TQEX      
             
    15 July OSE      
      CEUX      
      TQEX      
             
    16 July OSE 430,000 265,4404 114,139,372.00
      CEUX      
      TQEX      
             
    17 July OSE 415,968 263.3692 109,553,159.39
      CEUX      
      TQEX      
             
    Total for the period OSE 1,265,968 267.7138 338,917,137.39
      CEUX      
      TQEX      
             
    Previously disclosed buy-backs under the tranche OSE 15,111,220 256.7267 3,879,452,952.92
    CEUX      
    TQEX      
    Total 15,111,220 256.7267 3,879,452,952.92
             
    Total buy-backs under the tranche (accumulated) OSE 16,377,188 257.5760 4,218,370,090.30
    CEUX      
    TQEX      
    Total 16,377,188 257.5760 4,218,370,090.30

    Following the completion of the above transactions, Equinor ASA owns a total of 25,565,943 own shares, corresponding to 1.00% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 16,377,188 own shares, corresponding to 0.64% of the share capital).

    This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

    Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

    Contact details:

    Investor relations
    Bård Glad Pedersen, senior vice president Investor Relations,
    +47 918 01 791

    Media
    Sissel Rinde, vice president Media Relations,
    +47 412 60 584

    Attachment

    • Detailed overview of transactions

    The MIL Network –

    July 18, 2025
  • MIL-OSI: Prosafe SE: Operational update – June 2025

    Source: GlobeNewswire (MIL-OSI)

    18 July 2025 – Fleet utilisation for June 2025 was 79 per cent. 

    Our operations in Brazil with Safe Eurus, Safe Notos, and Safe Zephyrus operated at full capacity in June, achieving between 99 and 100 per cent commercial uptime.

    Safe Caledonia successfully commenced operations at the Captain Field in the UK on 2 June 2025, delivering a commercial uptime of 94 per cent during the initial period.

    Safe Boreas is currently being transported to Singapore ahead of her upcoming contract in Australia.

    Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com

    For further information, please contact:

    Terje Askvig, CEO
    Phone: +47 952 03 886

    Reese McNeel, CFO
    Phone: +47 415 08 186

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

    The MIL Network –

    July 18, 2025
  • MIL-OSI USA: VIDEO: LEADER JEFFRIES FLOOR REMARKS ON RECKLESS REPUBLICAN RESCISSIONS PACKAGE

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, Democratic Leader Hakeem Jeffries spoke on the House Floor in opposition to the reckless Republican rescissions package that cuts funding for public broadcasting and international assistance. 

    LEADER JEFFRIES: Thank you, Mr. Speaker, and I thank the distinguished gentleman, the top Democrat on the Rules Committee, Mr. McGovern, for his leadership and for yielding. I thank all of the distinguished members of the Rules Committee for their steadfast and courageous, insightful participation in opposition to this rule and the substantive legislation that underlies this particular rule. I also want to thank Rosa DeLauro for her principled and strong opposition to this reckless Republican rescissions package, this effort by the Trump administration to once again hurt everyday Americans.

    Mr. Speaker, it was just said on the House Floor that the American people are fed up with out-of-control, wasteful government spending. As Democrats, we’re committed to making sure that taxpayer dollars are spent in an effective, efficient and equitable manner. This bill that’s on the Floor right now has nothing to do with waste, fraud and abuse. It represents an attack on the public health of the American people, the national security of the American people, the public safety of the American people and the ability of the American people to actually get information, particularly in rural America, that they may need through public radio or public television in the face of an emergency.

    Mr. Speaker, no one is buying the notion that Republicans are actually trying to improve wasteful spending, in the aftermath of this One Big Ugly Bill that just passed this chamber and has been signed into law that explodes the debt by more than $3 trillion, and then asks everyday Americans to pay for part of the expenses in the bill by ripping away healthcare for more than 17 million Americans. Hospitals will close, nursing homes will shut down, community-based health clinics will be unable to provide services to everyday Americans and as a result of the One Big Ugly Bill, people will die. It’s an all-out assault on healthcare, the largest cut to Medicaid in American history. It also rips food out of the mouths of hungry children, seniors and veterans. All of this being done to provide massive tax breaks to billionaires.

    And then, Mr. Speaker, in this One Big Ugly Bill that now has been signed into law, the debt and the deficit will explode by trillions of dollars. How dare anyone from the other side of the aisle claim to be the party of fiscal responsibility? That’s fake, and that’s phony.

    So when you look at this particular piece of legislation that’s in front of us right now, this reckless Republican rescissions package, it undermines American national security and American leadership in the world. This is not an America First bill, it’s a China First bill because of the void that’s being created all across the world. It’s in America’s interests, our national security interests, our leadership interests, to make sure that we’re investing in development and diplomacy and democracy all across the world.

    Great leaders have recognized that throughout the American journey. It was Abraham Lincoln who came to the House chamber in the middle of the Civil War in the early 1860s, spoke to the Congress and talked about America being the last best hope on Earth. President Lincoln said that in the 1860s, visionary declaration of the role that America might one day play as the leader of the free world. And this legislation, this reckless Republican rescissions package, undermines our ability to keep our people safe here and to project America’s soft power all over the globe. Why would we undermine our ability to use diplomacy, democracy and development to protect our own national security?

    Mr. Speaker, Mr. President—he promised that on day one, he was going to end the war in Ukraine. That’s now going on, and in this particular piece of legislation, we’re undermining the ability of Ukraine to continue to valiantly fight against Russian aggression. Russia’s not our friend. They’re our enemy. Vladimir Putin is a sworn enemy of the United States of America. Why is it, Mr. Speaker, that Republicans in this bill are undermining, once again, Ukraine? Ukraine stands on the side of democracy. Ukraine stands on the side of freedom. Ukraine stands on the side of truth. Russia stands on the side of autocracy and tyranny and propaganda. Why would we stand on the side of Russia? That’s inconsistent with American leadership. But this reckless Republican rescissions package, it does the exact opposite.

    Mr. Speaker, we just saw tragedy unfold in the Texas Hill Country. More than two dozen children have died. Parents should never have to bury their children. More than 100 Texans died in the deadly floods. And there are a lot of questions that need to be asked about government failure, state government failure in Texas. The Governor of Texas, he’s got a lot of questions that need be answered. Instead, he’s trying to rig the Texas congressional map, in the middle of a search and rescue operation. He’s got to answer some questions. The Trump administration needs to answer some questions about the National Weather Service and the devastating cuts that have been inflicted on them. The Trump administration, Mr. Speaker, needs to answer some questions about the stated goal to defund FEMA.

    So in the midst of this tragedy that we all need to collectively respond to in Texas, just like we need to respond to the tragedy that unfolded in California in the wildfires earlier this year, this reckless Republican rescissions package is going to undermine the ability of people in rural America and in small-town America to receive advance warning or necessary information when disaster strikes, when extreme weather strikes, when flooding strikes, when hurricanes strike. That’s what happens when you shut down public radio, when you shut down public television, which is what this reckless rescissions package will do.

    It’s all extraordinary. Mr. Speaker, I don’t understand why Republicans continue to advance legislation on the Floor of the House of Representatives that hurt everyday Americans. Is it simply because the goal is always to reward billionaires, as was done with the One Big Ugly Bill, providing them with massive and unnecessary tax breaks?

    Mr. Speaker, at the beginning of this Congress, we as House Democrats made clear that we will work with anyone in this town in order to make life better for the American people, to lower the high cost of living of the American people, to address the affordability crisis afflicting the American people. And we thought perhaps that we would have some partners in this necessary endeavor. Why? Because, Mr. Speaker, Donald Trump and House Republicans promised that you were going to lower costs. In fact, that costs were going go down on day one. Not my words, President Trump’s words. Costs haven’t gone down in the United States of America. Costs are going up. Inflation is on the way up. Life is getting more expensive for the American people. And nothing in this reckless rescissions package is going to make life more affordable for everyday Americans. It’s going to complicate their life even further, just like what happened with the One Big Ugly Bill. So, Mr. Speaker, we are strongly opposed to this legislation. Legislation that, apparently, Republicans don’t even want to actually debate on the House Floor. And once again, want to address an issue to be debated in this chamber under the cover of darkness.

    Finally, Mr. Speaker, the challenge that we have with this legislation is that the appropriations process has historically and traditionally been bipartisan—Democrats and Republicans working to try to come together to reach a spending agreement that meets the needs of the American people in terms of their health, their safety and their economic well-being. And do it—House Democrats, Senate Democrats, House Republicans, Senate Republicans—a bipartisan appropriations process to try to reach an enlightened agreement. But what this rescissions package signals to us and the people that we represent, more importantly, what it signals to America, as the OMB director just said, Republicans, Mr. Speaker, aren’t interested in bipartisanship, aren’t interested in common-sense solutions to finding common ground anchored in Democrats and Republicans coming together. We know that’s the case because we’ve made clear our willingness to solve the challenges that the American people face and work with anyone in this town, particularly when it comes to lowering the high cost of living in the United States of America. Republicans continue to do nothing about that, not a damn thing, to make life more affordable for the American people.

    And that’s one of many reasons why we continue to be opposed to this reckless legislation that you bring to the House Floor that hurts everyday Americans, will hurt children, will hurt families, will hurt older Americans and will hurt people that Republicans represent in rural America, all while undermining American leadership in the world. And so, Mr. Speaker, once again, this is unfortunate. Once again, we see a Congress not functioning as a separate and co-equal branch of government, a Congress, given this Republican majority, not willing to serve as a check and balance on an out-of-control executive branch, but always willing to do the bidding of the executive branch, as if we work for the Article II branch of government. We don’t work for Donald Trump. We don’t work for JD Vance. We don’t work for the OMB director. We work for the American people, and that’s why we are a hard no against this reckless rescissions package. I yield back.

    Full speech can be watched here.

    ###

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI: Good customer activity and strong credit quality led to solid results for the first half of 2025. Net profit of DKK 11.2 billion

    Source: GlobeNewswire (MIL-OSI)

    Press release Danske Bank
    Bernstorffsgade 40
    DK-1577 København V
    Tel. + 45 45 14 14 00

    18 July 2025

    Page 1 of 3

    Good customer activity and strong credit quality led to solid results for the first half of 2025
    Net profit of DKK 11.2 billion

    Carsten Egeriis, Chief Executive Officer, comments on the financial results:

    “In the first half-year, we continued our robust performance and delivered solid results in line with our expectations. We saw new business customer relations being established, a continued uplift in lending and a steady development in core income, and we maintained our focus on cost management. Furthermore, credit quality remained strong, resulting in a low level of loan impairments.

    Our solid financial results and capital position enable us to be a strong financial partner, providing expert advice and standing by our customers and society in times of volatile markets.

    With our increased investments in technology and customer offerings, we continue to deliver on our Forward ’28 strategy and are well on track to meet our guidance for the full year.”

    Solid performance in uncertain environment
    Driven by good customer activity across our business and our ongoing commitment to efficiency, we achieved a net profit of DKK 11.2 billion and a return on equity of 13% in the first half of the year. These solid financial results reflect our successful execution and strategic focus in key growth areas.

    Net interest income remained steady, as the adverse effect of the sale of the personal customer business in Norway and a reduction in deposit margins was offset by enhanced lending activity and our deposit hedge strategy.

    Net fee income for the first half of the year was stable year on year, supported by growing demand for everyday banking services in the first quarter, although this demand decreased in the second quarter. Fee income related to capital markets and investment activity was impacted by the decline in investment appetite caused by the market volatility.

    On the basis of continued cost discipline, the cost trajectory is in line with the full-year 2025 guidance. Furthermore, credit quality remained strong, supported by favourable macroeconomic conditions, including the employment rate. Loan impairment charges remained low and amounted to DKK 266 million in the first half of the year.

    With prudent asset and liability management, our capital and liquidity positions remain solid, with substantial buffers well above regulatory requirements.

    “In the first half of the year, we achieved a solid financial performance, fuelled by good customer activity that led to resilient core banking income and an increase in net trading income year on year. Net profit was stable, despite the impact of rates and market volatility. Our diversified business model and operational efficiency contributed to an improved cost/income ratio of 45.4% and a return on equity of 13.0%. We are on track to meet our 2025 guidance and are progressing towards achieving our 2026 financial targets,” says Cecile Hillary, Chief Financial Officer.

    H1 2025 vs H1 2024
    Total income of DKK 27.9 billion (DKK 28.0 billion in the first half of 2024)
    Operating expenses of DKK 12.7 billion (DKK 12.8 billion in the first half of 2024)
    Loan impairments of DKK 266 million (net reversal of DKK 99 million in the first half of 2024)
    Net profit of DKK 11.2 billion (DKK 11.5 billion in the first half of 2024)
    Return on shareholders’ equity of 13.0% (13.1% in the first half of 2024)
    Total capital ratio of 22.4% and CET1 capital ratio of 18.7% (total capital ratio of 22.5% and CET1 capital ratio of 18.5% in the first half of 2024)

    Resilient macroeconomic outlook amid uncertainty
    Despite the challenges posed by geopolitical turbulence and market volatility, the macroeconomic environment in our operating markets remains robust. The Nordic economies continue to exhibit resilience.

    The economies are increasingly supported by increased household spending power and lower interest rates. However, this has not translated into improved consumer sentiment, as retail customers remain cautious and consumer confidence is low.

    According to the latest macroeconomic outlook by Danske Bank Research, we continue to expect robust economies with high employment rates and single-digit growth, particularly in Denmark.

    “Nordic businesses still have a cautiously positive outlook, and we share their view that growth is likely to become moderately higher, despite the uncertainty hanging over the global economy. Though conditions are in place with higher real incomes and lower interest rates, we do not expect a strong recovery. Households remain deeply worried about the economic situation, which could hold growth back, but there is also a potential for the situation to improve,” says Las Olsen, Head of Macro Research.

    Personal Customers
    Profit before tax amounted to DKK 4,217 million in the first half of 2025 (H1 2024: DKK 5,028 million). The decrease was mainly due to a decline in net interest income caused by lower deposit margins, a decline in fee income that was mainly the result of positive one-offs in the first half of 2024 and relatively subdued refinancing activity, as well as to slightly higher loan impairment charges. These were partly offset by rising deposit volumes and the impact of deposit hedging. Both income and operating expenses were affected by the divestment of the personal customer business in Norway. Loan levels remained stable, and deposits increased 5%.

    Business Customers
    In the first half of 2025, we saw continuously good progress in terms of customer inflow and a positive development in lending volumes, and business with existing customers remained strong across our mid-sized customer segment. Profit before tax amounted to DKK 5,085 million, an increase of 23% from the same period last year (H1 2024: DKK 4,140 million). The increase was driven by loan impairment reversals. Net fee income also increased, although the effect was offset by lower income from our leasing operations.

    Large Corporates & Institutions
    In the first half of 2025, we achieved solid financial results. Our efforts to attract new corporate customers outside Denmark and to strengthen customer relations across our markets have improved our position within cash management. Furthermore, we maintained our leadership within sustainable finance. Profit before tax decreased to DKK 4,544 million, or 9%, from the level in the same period last year, with the decrease driven by higher loan impairment charges.

    Danica 
    Net income at Danica decreased to DKK 714 million in the first half of 2025, down 25% from the level for the same period in 2024 due to a decrease in the insurance service result, which was impacted by a strengthening of provisions related to legacy life insurance products in run-off. The insurance service result for the health and accident business for the first half of 2025 recorded a loss, however, Danica saw an improvement during the first half of 2025 supported by a positive trend in the treatment and prevention of long-term illness and injury that was driven by intensified efforts with new healthcare solutions and improved digital solutions.

    Northern Ireland
    Residential mortgage lending volumes continued to grow, reflecting an increased market share of new business in Northern Ireland. Financial performance remained positive with profit before tax of DKK 1,110 million in the first half of 2025, 18% higher than for the same period last year.

    Outlook for 2025
    We maintain our guidance and expect net profit to be in the range of DKK 21-23 billion. The outlook is subject to uncertainty and depends on economic conditions.

    Danske Bank        

    Contact: Helga Heyn, Head of Media Relations, tel. +45 45 14 14 00

    Attachments

    • Danske Bank Interim report – first half 2025
    • Danske Bank press release 18 July 2025

    The MIL Network –

    July 18, 2025
  • MIL-Evening Report: Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated?

    Source: The Conversation (Au and NZ) – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Anna Moneymaker/Staff/Getty

    US President Donald Trump has been diagnosed with “chronic venous insufficiency” after experiencing some mild swelling in his lower legs.

    According to a letter the White House published from the president’s doctor, the condition is common and not harmful, and the 79-year-old “remains in excellent health”.

    But what is chronic venous insufficiency? What causes it, and can it lead to other health problems? Let’s take a look.

    A disease of the veins

    Veins are the blood vessels that carry de-oxygenated blood from all parts of the body to the heart.

    Chronic venous insufficiency is a disease of the veins and mostly affects the legs.

    When someone has this condition, it becomes more difficult for the blood to flow back to the heart. In other words, blood pools in the legs, rather than travelling up easily through the legs, pelvis and abdomen to the heart.

    Blood pooling in the legs creates increased pressure in the veins in the legs and feet. This can cause swelling (called oedema), skin discolouration, varicose veins, and even skin ulcers (the skin stretches because of the increased pressure and becomes weak and can tear).

    What causes chronic venous insufficiency?

    There are several potential causes of chronic venous insufficiency, including damaged valves inside the veins in the legs.

    When we’re standing, blood has to flow back to the heart from the legs against gravity. Veins have valves inside them which ensure this one-way flow and stop blood from running back the wrong way.

    When valves in the veins – either the deeper veins or those closer to the skin’s surface – are damaged, this allows blood to flow backwards and pool in the legs.

    Damage to the inside lining of the vein wall can also cause chronic venous insufficiency. When the lining is damaged, it becomes less smooth and blood cells can stick to the wall and build up. This can block the inside of the vein and impede the return of blood to the heart. Smoking is a major cause of this, though it also happens naturally with age.

    Physical compression of a vein in the pelvis from the outside can also be a factor. Pregnancy, obesity or a tumour can push on a pelvic vein from the outside. This makes it harder for blood to flow through that vein, which causes back up of blood in the veins of the leg.

    Deep vein thrombosis (DVT) also increases the risk of chronic venous insufficiency. This is where blood clots form in the deep veins, most commonly in the legs. It can block blood flow or damage the vein wall, and increase blood pooling further down the leg.

    In a study I did with colleagues looking at people with chronic venous insufficiency, about 10% had a previous deep vein thrombosis. However, Trump’s doctor said there was no evidence of deep vein thrombosis in his case.

    Who gets it?

    The data on how many people get chronic venous insufficiency vary, but it is relatively common. In the United States, an estimated 10% to 35% of adults have the condition.

    A number of factors increase a person’s likelihood of developing chronic venous insufficiency. Smoking and having previously had a deep vein thrombosis are strongly linked to this condition. Other risk factors include older age, pregnancy, obesity, and prolonged periods of standing still.

    Is it dangerous?

    On its own, chronic venous insufficiency is not life-threatening, but it is a progressive condition. It increases the risk of other conditions which can be more serious.

    Interestingly, while deep vein thrombosis increases the risk of chronic venous insufficiency, people with chronic venous insufficiency also have a higher risk of deep vein thrombosis. This is because pooled blood doesn’t move as much, so it can start to form a clot.

    Deep vein thrombosis then increases the risk of pulmonary embolism, blood clots in the lungs, which are life threatening.

    In the legs, the most serious consequence of chronic venous insufficiency is developing a venous ulcer. Venous ulcers can be painful, are prone to infection (such as cellulitis), and have a high rate of recurring.

    Research has shown 4% of adults aged 65 and older in the US develop venous ulcers as a result of chronic venous insufficiency.

    Can it be treated?

    Whether and how chronic venous insufficiency can be treated depends somewhat on the cause.

    Initial conservative treatment usually involves elevating the legs and wearing compression stockings. Elevating the legs higher than the body means gravity will help blood flow back to the heart. Compression stockings help to push blood from the leg veins towards the heart.

    Exercise such as walking also helps because when the muscles in the legs contract, this moves more blood from the legs back to the heart. Exercise and diet changes may also be recommended to address any weight-related issues.

    In more progressive or severe cases, surgery may be needed to fix the inside of the veins, remove any underlying deep vein thrombosis, or insert a stent in the case of a vein compression.

    Overall, Trump has been diagnosed with a common condition for someone of his age, and his doctors have ruled out severe underlying disease. But this is a reminder of the importance of healthy veins and of the risk factors for venous disease.

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

    – ref. Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated? – https://theconversation.com/trump-has-chronic-venous-insufficiency-is-it-dangerous-can-it-be-treated-261460

    MIL OSI Analysis – EveningReport.nz –

    July 18, 2025
  • MIL-OSI Russia: China’s Deputy Permanent Representative to the UN Condemns Israel’s Military Strikes in Syria

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    UNITED NATIONS, July 18 (Xinhua) — China’s Deputy Permanent Representative to the United Nations Geng Shuang on Thursday condemned Israeli military strikes in Syria at an emergency meeting of the Security Council and demanded their immediate end.

    While the situation in southern Syria remains volatile, Israel has recently carried out multiple airstrikes in As-Suwayda, Daraa and Damascus. China unequivocally condemns Israel’s actions, which seriously violate international law, infringe on Syria’s sovereignty, security and territorial integrity, and pose new challenges to peace, stability and political transition in Syria, the diplomat said.

    “We call on Israel to immediately stop military strikes on Syria and withdraw from Syrian territory as soon as possible,” he said.

    The international community recognizes the Golan Heights as occupied Syrian territory. The sovereignty, unity and territorial integrity of Syria must be respected. The relevant Security Council resolutions must be implemented, and the 1974 disengagement agreement between Israel and Syria must be observed, the deputy permanent representative emphasized.

    According to Geng Shuang, the ethnic tensions and subsequent violence in As-Suwayda have once again shown that the current situation in Syria remains complex and fragile. Achieving peace and stability still faces enormous challenges.

    It is imperative to stabilize the security situation and restore public order as soon as possible. China has noted the reports that the Syrian interim authorities have reached a ceasefire agreement with the parties concerned. China calls on all parties to abide by the ceasefire agreement, remain calm and exercise restraint, stop hostilities, and promote early de-escalation of the situation, the diplomat said.

    The Syrian interim authorities should continue to advance the participatory political process, address the concerns of all parties through inclusive dialogue, and effectively promote internal unity and reconciliation, Geng said.

    The fight against terrorism is an important aspect of restoring peace and stability in Syria. The interim authorities of Syria must fulfill their anti-terrorist obligations and take effective measures to combat all terrorist groups included in the relevant list by the UN Security Council, including the East Turkestan Islamic Movement, he added.

    At present, acute problems in the Middle East are emerging one after another, with new and old contradictions intertwined and overlapping. The situation is complex and unstable. Such a state of affairs does not serve the interests of any country in the Middle East or the international community, Geng Shuang said.

    The Security Council, as the organ with the primary responsibility for international peace and security, should resolutely fulfill its responsibilities under the UN Charter and use all the tools at its disposal to end conflicts at an early date, restore peace and stability in relevant areas, and achieve lasting peace and stability in the entire region, the diplomat said, adding that China is willing to work with the international community to play a constructive role in this regard. -0-

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

    .

    MIL OSI Russia News –

    July 18, 2025
  • MIL-OSI Australia: SMSF independent auditor’s report for 2024-25 audits

    Source: New places to play in Gungahlin

    SMSF auditors looking to conduct an audit on a fund for the 2024-25 income year can still use the current version of the SMSF independent auditor’s report on our website.

    The current version is to be used for reporting periods starting on or after 1 July 2024. It has not needed to be changed since its publication in June last year when it was updated to include the Auditing Standard ASQM1.

    When using the report to complete audits for reporting periods ending on or before 30 June 2024 you must take care to comply with the auditing standards and legislation that applied to that earlier period.

    After completing the report you must give all SMSF trustees a signed and dated copy of the report within 28 days after the trustee has provided all documents relevant in preparing the report.

    You should then retain a copy of the report for yourself. Do not send us a copy.

    Self-managed super fund independent auditor’s report has more information on how to complete the report.

    You can also download the SMSF independent auditor’s reportThis link will download a file.

    Looking for the latest news for SMSFs? – You can stay up to date by visiting our SMSF newsroom and subscribingExternal Link to our monthly SMSF newsletter.

    MIL OSI News –

    July 18, 2025
  • MIL-OSI Australia: Transcript – SkyNews NewsDay with Kieran Gilbert

    Source: Murray Darling Basin Authority

    KIERAN GILBERT, HOST: The Federal Government’s vowing to implement sweeping changes to the child care sector as Parliament returns next week. It comes after those shocking allegations of child sexual abuse. Let’s go live to the Minister for Early Childhood Education, Jess Walsh. Jess, thanks for your time. This is going to be one of the first things that the Government does in the next Parliament.

    SENATOR DR JESS WALSH, MINISTER FOR EARLY CHILDHOOD EDUCATION AND MINISTER FOR YOUTH: Yeah, that’s right, Kieran, because making sure that every child is safe in early childhood education is really our top priority right now. We know that every child should be safe, but that there’s more to do right now to make sure that that’s the case and to make sure that parents are confident that their children are safe too. And that’s why we’re introducing legislation right into the first week of Parliament to make sure that we have the power to cut Commonwealth funding to those providers who put profit ahead of child safety. And our message is really clear to those providers: we want you to lift your game or to leave the sector.

    GILBERT: And I know it’s a story that so many of our viewers, for parents, for Australians around the country, when you heard about the stories and read about it, it is just heartbreaking, sickening, the allegations that have been made, Minister. So, I know the Education Ministers are meeting again in August. Obviously, this will be on the agenda there too.

    WALSH: Yeah, that’s right, Kieran. These are really distressing allegations. Distressing for the families of children who are directly affected, distressing for really all parents of children in early childhood education and distressing for the community who are watching now. We’ve called an urgent meeting of Education Ministers where this will be the top priority. Indeed, it’s a standalone meeting focused on child safety in early childhood education and care. And I am confident that we will bring a strong package of reform, because right now, the Commonwealth, the states and the territories are working shoulder to shoulder on this issue. 

    And one of the big reforms that we want to bring is the first nationwide register of early childhood educators. I think we’ve seen in the last few weeks just how important that is. We need to know where early childhood educators are working. We need to be able to spot patterns of behaviour that are concerning. We need to be able to monitor where our early childhood educators are. And of course, I have to stress, Kieran, that the vast majority of early childhood educators are going to work every day doing the right thing. They are taking excellent care of our nation’s children. But there are serious problems, and this register will help raise red flags where they need to be seen.

    GILBERT: Well, yeah, indeed. And the vast bulk are doing a great job as well. And we know how important it is not just to the education of young ones, to give them a chance to socialise and get that early education, which research shows is so important, but also for the economy to enable workforce participation and the rest of it. The Prime Minister, in fact, says he wants it as one of his legacy items, universal child care. What needs to be done? What do you think that looks like?

    WALSH: Well, it’s great to have a Prime Minister who believes in the benefits of quality universal early childhood education, because as you said, Kieran, it can be a game changer for children. We know that children who go through quality early childhood education are better prepared for school and they’re really well prepared for the opportunities that life can bring as well. Universal early education really means that every child gets access to that benefit, no matter what their parents do and no matter what their postcode is. We’re getting underway with the work already of building that universal early education system. One of the big reforms in our first term was around the workforce and making sure that we have good, quality, committed, long term, stable early childhood educators. And that 15 per cent pay rise is having big dividends right now, Kieran.

    GILBERT: Ok, and before you go, I just want to play this comment, this is from Tanya Plibersek, she was speaking earlier in the day in relation to the latest scandal around Mark Latham.

    TANYA PLIBERSEK: I’m sure that there are plenty of people scratching their heads about his portrait being up in the caucus room and giving consideration to whether it’s appropriate or not.

    GILBERT: Yeah, the tradition is for Labor leaders, for both parties, actually, but the Labor Caucus, you’ve got all the leaders on the wall. What do you think? Should Latham’s portrait go, should it be pulled down?

    WALSH: I think, Kieran, when I walk into the caucus room next week for the 48th Parliament, for the second term, Albanese Labor Government, you know, we’ll have the portraits of the former Labor leaders on the left. We also have on the right, as you walk in, a women’s wall. And that wall has the portraits of some of our amazing women leaders. And I think next week I’ll be choosing to look up at that wall of amazing women leaders who’ve done so much good work for women around the country and indeed for all Australians.

    GILBERT: And would you feel better if the former leader, Mr Latham, was deposed from that? He hasn’t been a member for more than 20 years.

    WALSH: Yeah, Mr Latham’s term as the Labor leader really well precedes my time. We have the portraits of the Labor leaders there on the left, we’ve got our first female Prime Minister, Julia Gillard, when you walk into the room. I think for me, Kieran, Mark Latham is not someone who’s going to get any free rent in my brain next week. I’m really focused on the achievements that we’ve made in the first term and what we can do next.

    GILBERT: Minister, thanks for your time. I appreciate it.

    WALSH: Thanks, Kieran.

    MIL OSI News –

    July 18, 2025
  • MIL-OSI Africa: Ambassador Han Jing Attends the Opening Ceremony of the First Invest Zambia International Conference

    Source: APO


    .

    On July 16, the first Invest Zambia International Conference was held at the Mulungushi International Conference Centre. The three-day event, themed “Driving Generational Transformative Investments through Joint Ventures and Partnerships”, attracted participation from government departments, enterprises, financial institutions, industry organizations and diplomats from over 20 countries, totaling more than 1,500 attendees.

    Zambian President Hakainde Hichilema attended the opening ceremony and delivered a keynote speech. He stated that Zambia has created a stable, predictable, and investor-friendly environment with immense development potential in sectors such as mining, agriculture, tourism, manufacturing and processing. Investors from various countries, including China, have made significant contributions to Zambia’s economic and social development. The Zambian government will strive to foster a better business environment and welcomes global investors to establish joint ventures in Zambia, boosting economic growth, job creation, value addition and technological innovation.

    Ambassador Han Jing was present and delivered remarks. He noted that the practical cooperation between China and Zambia has flourished dynamically under the strategic guidance of the two head of state. China is Zambia’s largest source of investment, second-largest trading partner and the largest sponsor of this conference. Chinese enterprises, active across all sectors of Zambia’s economy and society, are vital participants and contributors to the nation’s development. The Chinese government consistently requires all Chinese enterprises to operate in compliance with laws and regulations and actively fulfill social responsibilities. Simultaneously, Ambassador Han stated China’s expectation that the Zambian government and all sectors of society will create a more favorable environment for Chinese enterprises investing and operating in Zambia.

    Prior to the opening ceremony, Ambassador Han Jing accompanied President Hichilema on a tour of the Chinese enterprises exhibition. During the opening ceremony, they jointly witnessed the signing of multiple investment cooperation agreements between Chinese enterprises and Zambian counterparts in fields including power construction and new energy vehicles.

    Distributed by APO Group on behalf of Embassy of the People’s Republic of China in the Republic of Zambia.

    MIL OSI Africa –

    July 18, 2025
  • MIL-OSI China: Foreign Minister Lin meets with Paraguayan Foreign Minister Ramírez, cohosts reception celebrating 68th anniversary of diplomatic relations

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    July 13, 2025
    No. 239

    After arriving in Paraguay in the evening of July 10, Minister of Foreign Affairs Lin Chia-lung visited the Paraguayan Ministry of Foreign Affairs on the morning of the following day to meet with Minister of Foreign Affairs Rubén Ramírez Lezcano. The two reviewed progress made on key components of the Diplomatic Allies Prosperity Project, which is being implemented by the government of Taiwan under the policy framework of integrated diplomacy. Based on mutual trust and mutual benefit, Taiwan and Paraguay are jointly promoting exchanges in economics, trade, investment, infrastructure, smart medicine, technology, education, and smart transportation. Cooperation has brought prosperity to both countries and benefited the Taiwanese and Paraguayan people.

     

    Speaking at a joint press conference with Minister Ramírez after the meeting, Minister Lin said that Taiwan and Paraguay shared the core values of democracy, freedom, human rights, and the rule of law. He affirmed that the bilateral diplomatic relationship was rock-solid. Looking ahead, Minister Lin pledged that both countries would continue to work together to deepen interactions and collaboration in various fields and jointly enhance the well-being of their people. Minister Lin noted that this demonstrated Taiwan’s policy of values-based diplomacy was steadily developing into value-added diplomacy, showing the world that Taiwan-Paraguay ties were a model of successful cooperation.

     

    In the evening, Minister Lin and Minister Ramírez cohosted a reception celebrating the 68th anniversary of diplomatic relations between the Republic of China (Taiwan) and the Republic of Paraguay. The event was attended by over 250 guests, including Paraguayan Supreme Court President César Diesel, Chamber of Deputies Speaker Raúl Latorre Martínez, other deputies and senators, members of the diplomatic corps, and representatives of the overseas Taiwanese community. In his remarks, Minister Lin commended the fruitful outcomes of the long-term and close partnership between Taiwan and Paraguay. He said that recent benchmark initiatives such as the Taiwan-Paraguay Smart Technology Park, the Taiwan-Paraguay Polytechnic University, the Health Information Management Efficiency Enhancement Project, and an electric bus pilot program were steadily yielding results. Noting that Taiwan was a vital link in global supply chains, Minister Lin said that Taiwan was willing to use its advantages in ICT to further deepen cooperation with Paraguay on comprehensive technological development. Minister Lin added that Taiwan was ready to assist its fraternal ally Paraguay in achieving its national blueprint for development and transformation, jointly realizing the vision of sustainability and prosperity.

     

    In his address, Minister Ramírez thanked Taiwan for its long-term assistance in promoting the development of agriculture, livestock, public health, medicine, education, innovation, and infrastructure in Paraguay. He said that cooperation had targeted the sectors of society that were most in need, benefiting farming communities and young students. Praising the Taiwan-Paraguay Polytechnic University as a landmark bilateral cooperation project, Minister Ramírez said that more than 170 engineers had already been trained. He noted that the two countries were working together to construct campus buildings, representing their shared commitment to investing in knowledge and talent. Minister Ramírez added that Taiwan and Paraguay were jointly creating a future for the next generation by incorporating smart industries and global supply chain integration into their cooperation projects. 

     

    Paraguay is an important diplomatic ally of Taiwan. A mutual agreement on visa-free entry for ordinary passport holders between the two countries that will come into effect on July 25 is expected to further advance exchanges among the people of Taiwan and Paraguay and make investment by Taiwanese companies in Paraguay more convenient. The two nations will continue to deepen cooperation in all spheres and jointly inject new momentum into their democratic partnership.

    MIL OSI China News –

    July 18, 2025
  • MIL-OSI China: Foreign Minister Lin leads business delegation to visit Taiwan-Paraguay Smart Technology Park in Ciudad del Este

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    July 13, 2025
    No. 240

    During his extensive trip to Paraguay, Minister of Foreign Affairs Lin Chia-lung visited the Taiwan-Paraguay Smart Technology Park in Ciudad del Este on July 12. He was accompanied by Paraguayan Minister of Foreign Affairs Rubén Ramírez Lezcano, Minister of Industry and Commerce Javier Giménez García de Zúñiga, Minister of Information and Communication Technologies Gustavo Villate, Executive Secretary of the Office of the President Marianna Saldívar Gadea, Deputy Minister of Public Works Emiliano Fernández, Governor of Alto Paraná César Landy Torres, President of the Taiwan-Paraguay Polytechnic University Jorge Daniel Duarte Rolon, and other officials.

     

    The technology park originates from a commitment made by President Lai Ching-te to assist Paraguay with economic development and job creation. Then Vice President Lai made the pledge in August 2023 while visiting Paraguay as a special envoy to attend the inauguration of President Santiago Peña Palacios.

     

    When Minister Lin took office on May 20 last year, he held in-depth talks on the project—which would have a profound impact on Paraguay—with President Peña, who was visiting Taiwan to attend President Lai’s inauguration. The two agreed that Taiwan and Paraguay would work together to make Paraguay a South American base for the smart technology industry and talent incubation.

     

    During his visit to the park, Minister Lin remarked that promotion of the Diplomatic Allies Prosperity Project in Paraguay followed a comprehensive plan led by a national team of businesses from Taiwan. He said that the project integrated civil engineering, private 5G network architecture, and smart applications. Minister Lin added that the initiative would not only create favorable conditions for Taiwanese enterprises investing in Paraguay, but that it would also bring substantial industrial development and employment opportunities to Paraguay. He noted that the process of building the park had been a team effort. Although there had been challenges along the way, Minister Lin said that the difficulties were a source of strength for today. He stated that the newly revitalized Taiwan-Paraguay Smart Technology Park would offer Taiwanese companies the same 006688 land rental incentive provided by special zones in Taiwan. (The 006688 plan offers free rent in years one and two, a 40 percent discount in years three and four, and a 20 percent discount in years five and six.) This is the first time that the preferential policy has been made available to Taiwanese enterprises overseas. Paraguay is also the first country outside Taiwan to apply the incentive. Minister Lin said that he had long advocated for the strategy of larger enterprises guiding smaller ones, combining soft and hard tactics, promoting public-private cooperation, and facilitating internal-external exchanges. He explained that the integration of various technological, financial, and human resources would help Taiwanese industries deploy investments in Paraguay. Minister Lin indicated that Paraguay’s stable economy, abundant and cheap supplies of water and electricity, and convenient business environment could make it a base for Taiwanese enterprises entering the South American market. 

     

    For the trip, Minister Lin extended special invitations to prominent manufacturers from all areas of the supply chain to join the delegation, tour the technology park, and explore business opportunities in Paraguay. The group included representatives from the semiconductor, AI applications, smart manufacturing, smart transportation, animal husbandry, cold chain logistics, and food processing industries. It is hoped that the companies will establish a presence in Paraguay as a joint fleet, joining forces in a new flying geese pattern of development and creating a Taiwan+n model of global industrial deployment. Taiwan will work together with Paraguay to create mutual prosperity and well-being, realizing President Lai’s policy vision of making Taiwan a global economic powerhouse.

    MIL OSI China News –

    July 18, 2025
  • MIL-OSI: Coop Pank unaudited financial results for Q2 2025

    Source: GlobeNewswire (MIL-OSI)

    By the end of the Q2 2025, Coop Pank had 218,000 customers, increased by 5,000 customers in the quarter (+2%) and by 22,000 in the year (+11%). The bank had 103,600 active customers, increased by 1,800 (+2%) in the quarter and by 8,300 (+9%) in the year.

    In Q2 2025, volume of deposits in Coop Pank decreased by 98 million euros (-5%), reaching total of 1.81 billion euros. The deliberate reduction of deposits is a result of the successful covered bond issuance carried out in the first quarter. Deposits from private clients increasing by 0.4 million euros: demand deposits decreased by 0.4 million euros and term deposits increased by 0.8 million euros. Deposits from domestic business customers decreased by 78 million euros: demand deposits decreased by 10 million euro and term deposits decreased by 68 million euros. Deposits from international deposit platform Raisin and other financing decreased by 21 million euros. Compared to Q2 2024, volume of Coop Pank’s deposits has increased by 77 million euros (+4%). In an annual comparison, share of demand deposits of total deposits has increased from 32% to 33%. In Q2 2025, the bank’s financing cost was 2.5%, at the same time last year the financing cost was 3.4%.

    In Q2 2025, net loan portfolio of Coop Pank increased by 125 million euros (+7%), reaching 1.94 billion euros. Over the quarter, the strongest growth was shown in the business loans portfolio, which increased by 82 million euros (+10%). Home loans increased by 37 million euros (+5%). The volumes of leasing portfolio increased by 3 million euros (+2%) and consumer finance portfolio increased by 2 million euros (+2%). Compared to Q2 2024, total loan portfolio of Coop Pank has grown by 322 million euros (+20%).

    In Q2 2025, overdue loan portfolio of Coop Pank was at the level 2.8%. A year ago, overdue loan portfolio was at the level of 2.2%.

    Impairment costs of financial assets in Q2 2025 were 1.4 million euros, which is 1.1 million euros more than in previous quarter and 0.1 million euros more than in Q2 2024.

    Net income of Coop Pank in Q2 2025 was 19.5 million euros, increasing by 1% in a quarterly comparison and decreasing by 5% in an annual comparison. Operating expenses reached 10.1 million euros in Q2 – operating expenses increased by 6% in the quarterly comparison and remained unchanged in the annual comparison.

    In Q2 2025, net profit of Coop Pank was 6.6 million euros, which is 16% less than in the previous quarter and 17% less than a year ago. In Q2 2025, cost to income ratio of the bank was 52% and return on equity was 12.1%.

    As of 30 June 2025, Coop Pank has 34,700 shareholders.

    Heikko Mäe, Interim Chairman of the Management Board of Coop Pank, comments the results:

    “The Estonian economy as a whole has not yet picked up new growth momentum this year. However, interest rates are stabilizing, there are signs that economic headwinds are easing, and Coop Pank’s results show that the rapid growth of a domestic bank is continuing.

    On one hand, 5% inflation has reduced consumer confidence and directly affects the purchasing power of households. The rising unemployment rate, approaching 9%, is also a negative signal. On the other hand, there are positive signs in the industrial sector, where capacity utilization is increasing thanks to the recovery of export markets and lower interest costs.

    In this economic environment, Coop Pank achieved strong results in the second quarter: the bank grew its loan portfolio by a record 125 million euros and is growing nearly twice as fast as the market. The strongest growth came from business loans and home loans. We see that both the manufacturing and real estate sectors are actively investing. Among home loan applicants, there is particularly strong demand for construction loans, and many large-scale repair and renovation works are in progress across homes in Estonia, financed through home loans. While business volumes are growing quickly, the bank’s operating costs have remained the same as a year ago, and credit losses are still minimal. This demonstrates that Coop Pank is operating efficiently and responsibly.

    Since June, the bank has taken its cooperation with Coop retail to a new level by offering a new cashback solution to shared private customers. This is an important addition to the value proposition for joint customers and is part of the bank’s recently introduced account package upgrade.

    Our results confirm that a strong local bank can grow successfully with its customers even in a challenging economic environment. We continue to provide banking services and financing solutions across all of Estonia – for households seeking stability and for businesses looking for investment opportunities.

    Growth in business volumes, the high quality of the loan portfolio, cost control, and the decline in financing costs due to the interest rate environment and scale effects resulted in a strong net profit of 6.6 million euros for Coop Pank in the second quarter. The bank’s cost-to-income ratio was 52%, and return on equity was 12.1%.”

    Income statement, in th. of euros Q2 2025 Q1 2025 Q2 2024 6M 2025 6M 2024
    Net interest income 18 003 17 930 19 319 35 933 38 400
    Net fee and commission income 1 166 1 155 1 000 2 321 2 015
    Net other income 375 225 146 600 271
    Total net income 19 544 19 310 20 464 38 854 40 686
    Payroll expenses -5 917 -5 578 -5 858 -11 496 -11 267
    Marketing expenses -453 -358 -775 -811 -1 308
    Rental and office expenses, depr. of tangible assets -777 -807 -775 -1 584 -1 570
    IT expenses and depr. of intangible assets -1 724 -1 613 -1 474 -3 337 -2 879
    Other operating expenses -1 220 -1 162 -1 208 -2 382 -2 494
    Total operating expenses -10 091 -9 519 -10 091 -19 610 -19 518
    Net profit before impairment losses 9 453 9 791 10 374 19 244 21 168
    Impairment costs on financial assets -1 367 -226 -1 224 -1 594 -1 800
    Net profit before income tax 8 086 9 565 9 150 17 650 19 368
    Income tax expenses -1 437 -1 652 -1 152 -3 088 -2 232
    Net profit for the period 6 649 7 913 7 998 14 562 17 136
               
    Earnings per share, eur 0,06 0,08 0,08 0,14 0,17
    Diluted earnings per share, eur 0,06 0,08 0,08 0,14 0,16
    Statement of financial position, in th. of euros 30.06.2025 31.03.2025 31.12.2024 30.06.2024
    Cash and cash equivalents 356 473 564 441 343 678 335 710
    Debt securities 47 832 49 536 37 751 36 980
    Loans to customers 1 943 420 1 818 109 1 774 118 1 621 000
    Other assets 36 090 34 711 33 066 32 608
    Total assets 2 383 816 2 466 796 2 188 614 2 026 298
    Customer deposits and loans received 1 816 313 1 914 526 1 886 145 1 739 709
    Debt securities issued 253 537 250 250 0 0
    Other liabilities 30 645 19 096 27 683 28 121
    Subordinated debt 63 148 63 363 63 148 63 148
    Total liabilities 2 163 642 2 247 235 1 976 977 1 830 978
    Equity 220 174 219 561 211 637 195 320
    Total liabilities and equity 2 383 816 2 466 796 2 188 614 2 026 298

    The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting

    Coop Pank will organise a webinar on 18 July 2025 at 9:00 AM, to present the financial results of Q1 2025. For participation, please register in advance at: https://bit.ly/CP-veebiseminar-registreeru-18072025

    The webinar will be recorded and published on the company’s website www.cooppank.ee and on the YouTube channel.

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 218,000 daily banking clients. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 516 0231
    E-mail: paavo.truu@cooppank.ee

    Attachments

    The MIL Network –

    July 18, 2025
  • MIL-OSI Analysis: Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated?

    Source: The Conversation – Global Perspectives – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Anna Moneymaker/Staff/Getty

    US President Donald Trump has been diagnosed with “chronic venous insufficiency” after experiencing some mild swelling in his lower legs.

    According to a letter the White House published from the president’s doctor, the condition is common and not harmful, and the 79-year-old “remains in excellent health”.

    But what is chronic venous insufficiency? What causes it, and can it lead to other health problems? Let’s take a look.

    A disease of the veins

    Veins are the blood vessels that carry de-oxygenated blood from all parts of the body to the heart.

    Chronic venous insufficiency is a disease of the veins and mostly affects the legs.

    When someone has this condition, it becomes more difficult for the blood to flow back to the heart. In other words, blood pools in the legs, rather than travelling up easily through the legs, pelvis and abdomen to the heart.

    Blood pooling in the legs creates increased pressure in the veins in the legs and feet. This can cause swelling (called oedema), skin discolouration, varicose veins, and even skin ulcers (the skin stretches because of the increased pressure and becomes weak and can tear).

    What causes chronic venous insufficiency?

    There are several potential causes of chronic venous insufficiency, including damaged valves inside the veins in the legs.

    When we’re standing, blood has to flow back to the heart from the legs against gravity. Veins have valves inside them which ensure this one-way flow and stop blood from running back the wrong way.

    When valves in the veins – either the deeper veins or those closer to the skin’s surface – are damaged, this allows blood to flow backwards and pool in the legs.

    Damage to the inside lining of the vein wall can also cause chronic venous insufficiency. When the lining is damaged, it becomes less smooth and blood cells can stick to the wall and build up. This can block the inside of the vein and impede the return of blood to the heart. Smoking is a major cause of this, though it also happens naturally with age.

    Physical compression of a vein in the pelvis from the outside can also be a factor. Pregnancy, obesity or a tumour can push on a pelvic vein from the outside. This makes it harder for blood to flow through that vein, which causes back up of blood in the veins of the leg.

    Deep vein thrombosis (DVT) also increases the risk of chronic venous insufficiency. This is where blood clots form in the deep veins, most commonly in the legs. It can block blood flow or damage the vein wall, and increase blood pooling further down the leg.

    In a study I did with colleagues looking at people with chronic venous insufficiency, about 10% had a previous deep vein thrombosis. However, Trump’s doctor said there was no evidence of deep vein thrombosis in his case.

    Who gets it?

    The data on how many people get chronic venous insufficiency vary, but it is relatively common. In the United States, an estimated 10% to 35% of adults have the condition.

    A number of factors increase a person’s likelihood of developing chronic venous insufficiency. Smoking and having previously had a deep vein thrombosis are strongly linked to this condition. Other risk factors include older age, pregnancy, obesity, and prolonged periods of standing still.

    Is it dangerous?

    On its own, chronic venous insufficiency is not life-threatening, but it is a progressive condition. It increases the risk of other conditions which can be more serious.

    Interestingly, while deep vein thrombosis increases the risk of chronic venous insufficiency, people with chronic venous insufficiency also have a higher risk of deep vein thrombosis. This is because pooled blood doesn’t move as much, so it can start to form a clot.

    Deep vein thrombosis then increases the risk of pulmonary embolism, blood clots in the lungs, which are life threatening.

    In the legs, the most serious consequence of chronic venous insufficiency is developing a venous ulcer. Venous ulcers can be painful, are prone to infection (such as cellulitis), and have a high rate of recurring.

    Research has shown 4% of adults aged 65 and older in the US develop venous ulcers as a result of chronic venous insufficiency.

    Can it be treated?

    Whether and how chronic venous insufficiency can be treated depends somewhat on the cause.

    Initial conservative treatment usually involves elevating the legs and wearing compression stockings. Elevating the legs higher than the body means gravity will help blood flow back to the heart. Compression stockings help to push blood from the leg veins towards the heart.

    Exercise such as walking also helps because when the muscles in the legs contract, this moves more blood from the legs back to the heart. Exercise and diet changes may also be recommended to address any weight-related issues.

    In more progressive or severe cases, surgery may be needed to fix the inside of the veins, remove any underlying deep vein thrombosis, or insert a stent in the case of a vein compression.

    Overall, Trump has been diagnosed with a common condition for someone of his age, and his doctors have ruled out severe underlying disease. But this is a reminder of the importance of healthy veins and of the risk factors for venous disease.

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

    – ref. Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated? – https://theconversation.com/trump-has-chronic-venous-insufficiency-is-it-dangerous-can-it-be-treated-261460

    MIL OSI Analysis –

    July 18, 2025
  • MIL-OSI Russia: New opportunities for NSU applicants: educational program for top IT specialists “Applied Artificial Intelligence”

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    Starting in the 2025/2026 academic year, Novosibirsk State University will launch training aimed at preparing highly qualified specialists in the field of applied artificial intelligence for the innovative economy. Students of the new program will write their own neural networks, master and develop new methods and technologies in the field of applied programming, as well as collect, process and analyze their own data sets. In the future, graduates will create products based on deep machine learning and apply the acquired knowledge in various fields of activity – from the banking sector and various high-tech companies to personalized medicine. The training of top specialists is carried out on the initiative of the Ministry of Digital Development of the Russian Federation with the participation of the Analytical Center under the Government of the Russian Federation.

    These programs are based on modern employer requirements for highly qualified specialists, determined with the participation of dozens of Russian companies – leaders in the IT sector and leading universities.

    The training will be focused primarily on practical results. From the first years, students will be involved in solving product problems of IT business, will be able to study cases and experience of the industry, participate in the work of project teams, master classes, undergo practical training and mandatory internship in leading IT companies and research institutes.

    Companies invest in the development and implementation of programs with their own resources. More than 30% of all classroom classes with students will be conducted by invited experts from the industry, leading developers, engineers and researchers. Business representatives will act as mentors for students, become conductors of advanced knowledge, trends in the development of domestic IT technologies, help students get acquainted with corporate culture and real requirements for employees.

    Training in close cooperation with industry partners and IT companies, including the anchor partner, one of the leaders of the Russian IT market — the multidisciplinary IT holding T1, as well as the Russian developer of operating systems “Alt”, will not only prepare graduates for a successful professional start, but also give them the opportunity to apply for leading positions in large industry and technology companies. The knowledge and practical experience gained with modern AI solutions will provide students with subsequent rapid career growth.

    More information about the Applied Artificial Intelligence program presented on the website 

    All details about admission to the program and deadlines for submitting documents can be clarified in the NSU IIR consulting group:

    7 (383) 373-96-52

    Consult@nsu.ru

    VK group

    Reference:

    Since 2025, within the framework of the federal projects “Artificial Intelligence” and “Personnel for Digital Transformation” of the national project “Data Economy and Digital Transformation of the State”, the Ministry of Digital Development of the Russian Federation, with the participation of the Analytical Center under the Government of the Russian Federation, has been implementing two projects to train students in educational programs for top specialists in the field of information technology and artificial intelligence.

    The projects provide training for graduates with advanced competencies in the field of information technology and artificial intelligence: developers of advanced IT solutions, AI models, algorithms, analysts and data researchers. The key condition for the participation of universities in the projects is the active involvement of employers in the training process, including attracting co-financing from businesses.

    Within the framework of these projects, in 2025, 36 universities from 20 constituent entities of the Russian Federation will accept more than 6 thousand students for training. By 2030, 13.7 thousand students will complete their training.

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

    .

    MIL OSI Russia News –

    July 18, 2025
  • MIL-OSI China: Youth football tournament brings 300 young players to Zhangjiagang

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

    The 26th “Beibei Cup” Youth (U12 Boys) Football Tournament 2025 opens Wednesday in Zhangjiagang, Jiangsu province, July 16, 2025. [Photo courtesy of CSCLF]

    The 26th “Beibei Cup” Youth (U12 Boys) Football Tournament 2025 kicked off Wednesday in Fenghuang town, Zhangjiagang city, Jiangsu province, with nearly 300 young players from China and abroad participating in a week of competition and cultural exchange.

    Li Bin, vice chairwoman of the 13th National Committee of the Chinese People’s Political Consultative Conference and China Soong Ching Ling Foundation chairperson, opens the 26th “Beibei Cup” Youth (U12 Boys) Football Tournament 2025 in Zhangjiagang, Jiangsu province, July 16, 2025. [Photo courtesy of CSCLF]

    The tournament, co-hosted by the China Soong Ching Ling Foundation (CSCLF), the Chinese Football Association (CFA), and the Zhangjiagang Municipal People’s Government, was opened by Li Bin, vice chairwoman of the 13th National Committee of the Chinese People’s Political Consultative Conference and CSCLF chairperson.

    Shen Beili, secretary of the CSCLF Party Leadership Group and CSCLF vice chairperson, emphasized the “Beibei Cup’s” enduring legacy since its inception in 1983. She highlighted its role in providing a key platform for young football enthusiasts to develop their skills, pursue their aspirations, and build vital life skills like teamwork and resilience.

    Han Wei, secretary of the Zhangjiagang Municipal Party Committee, emphasized the city’s commitment to youth football. He noted the tournament’s role in nurturing young talent for national teams and expressed Zhangjiagang’s goal to innovate youth football development. The aim, he stated, is to transform “Beibei Football” into a hub for cultivating young players’ dreams, a center for international youth football cultural exchange, and an “international sports calling card” for the city.

    The tournament runs from July 16 to 22, featuring 48 matches among 16 teams. Participants include top youth squads from 12 Chinese provinces, municipalities, and autonomous regions, as well as teams from South Korea and Thailand. Two foreign teams — Ulsan from South Korea and Muangthong United from Thailand — are making their debut appearances, highlighting the tournament’s expanding international reach.

    Beyond the competition, the event will also host an elite youth coaching training course and an elite player training camp, expanding investment in young football talent development.

    The opening ceremony featured performances by young people from Beijing and Zhangjiagang, showcasing traditional Chinese arts, including a Chinese drum show, chorus, traditional opera exercises, and a children’s medley of Heyang folk songs, designated as national intangible cultural heritage. The ceremony concluded with Chinese and international young players joining together to sing the tournament’s theme song, “Dream Chasing Youth.”

    Following the ceremony, a team from Zhejiang competed against the Beibei in an exhibition match. CFA Vice Chairman Yang Xu performed the ceremonial kickoff. Former “Beibei Cup” players Zhao Junzhe and Yang Chen, alongside Chinese Super League players Zuo Junjie and Xiao Xuhui, joined the young athletes on the field, providing a live coaching session for the young football stars.

    MIL OSI China News –

    July 18, 2025
  • MIL-OSI United Nations: UNESCO brings together World Heritage site managers from Costa Rica and Panama to promote sustainable tourism

    Source: UNESCO World Heritage Centre

    Site managers and park rangers from Costa Rica and Panama responsible for the transboundary World Heritage site of Talamanca Range-La Amistad Reserves/La Amistad National Park gathered from 8 to 11 July 2025 to discuss how to enhance sustainable tourism at the site.

    Organized in the framework of the UNESCO project ‘Communities for Heritage – Latin America and the Caribbean’, financed by Saudi Arabia, the workshop took place in the Las Cruces Biological Station, located in San Vito de Coto Brus, Costa Rica.

    Extending along the border between Panama and Costa Rica, the Talamanca Range–La Amistad Reserves / La Amistad National Park encompasses a vast mountainous wilderness where exceptional biodiversity, wetland ecosystems, and cross-border conservation efforts come together. In addition to its designation as a UNESCO World Heritage site, it is also recognized as a UNESCO Biosphere Reserve and a Ramsar Wetland of International Importance – making it one of the most comprehensively protected natural landscapes in Central America.

    MIL OSI United Nations News –

    July 18, 2025
  • MIL-OSI Australia: Two more boys charged over alleged assault in Hobart CBD

    Source: New South Wales Community and Justice

    Two more boys charged over alleged assault in Hobart CBD

    Friday, 18 July 2025 – 2:22 pm.

    Police have laid charges against two further boys over the alleged assault of a teenage boy in Hobart’s CBD on Wednesday.
    A 14-year-old boy has been charged with aggravated robbery, stealing, injure property, trespass and unlawfully tamper or interfere with a motor vehicle. He has been bailed to appear in the Hobart Youth Justice Division in August.
    A 13-year-old boy has been charged with aggravated robbery, injure property and stealing. He has been bailed to appear in the Hobart Youth Justice Division in August.
    These arrests are in addition to:
    A 14-year-old boy charged with aggravated robbery, stealing, destroy property, unlawfully tamper or interfere with a motor vehicle, and bail offences. He appeared in court on Thursday night.
    A 12-year-old boy charged with aggravated robbery, common assault, stealing and unlawfully tamper or interfere with a motor vehicle. He was bailed to appear in the Hobart Youth Justice Division in August.
    A 14-year-old boy will be dealt with under the provisions of the Youth Justice Act.
    The charges stem from an altercation at the grassed area of Mathers Lane, in Hobart’s central business district, about 2.05pm on Wednesday in which police allege a 14-year-old boy was assaulted and had his iPhone stolen.
    Anyone with information is urged to contact Tasmania Police on 131 444 or provide information anonymously through Crime Stoppers at 1800 333 000 or online at crimestopperstas.com.au (quote Offence Report 780149).
    Tasmania Police thanks the public for their continued support and cooperation.

    MIL OSI News –

    July 18, 2025
  • MIL-OSI USA: Senator Markey Introduces Legislation to Support Recruitment and Retention of Paraeducators in Schools

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Bill Text (PDF)
    Washington (July 17, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Health, Education, Labor, and Pensions Committee, today reintroduced the Preparing and Retaining All (PARA) Educators Act, legislation that would establish higher wages, career pipelines, and professional development opportunities for school paraeducators. More than 1.2 million paraeducators across the country provide classroom management support to teachers, assist students with disabilities, and facilitate individual and small group learning.
    “As the Trump administration continues its relentless attack on education, it is more important than ever that we ensure paraprofessionals receive the support, compensation, and professional development opportunities they deserve,” said Senator Markey. “Instructional assistants, teachers’ aides, special education aides, and other educators keep our schools running and students thriving—often with little recognition and low pay. My PARA Educators Act will invest in these educators what they invest in our students, our communities, and our future.”
    “From special education aides and classroom assistants to English language learning specialists and other support staff, paraeducators are the unsung heroes of our public schools, helping students overcome challenges and reach their potential,” said AFSCME President Lee Saunders. “These hardworking professionals – including thousands of AFSCME members – deserve wages and benefits that match the important contributions they make to teaching and learning every single day. We applaud Senator Markey for sponsoring the PARA Educators Act, which will help more schools – especially in high-need and rural districts – recruit and retain the paraeducators they need to support student success in the classroom and beyond.”
    “Students of every color, background and ZIP code deserve qualified and caring educators who are dedicated and have the resources to uncover the passions and potential of every child. Education Support Professionals are essential to supporting students and ensuing we have strong schools and communities across the country. They play a critical role in the lives of students and help keep our schools running and our students safe, healthy, and ready to learn every day,” said Kimberly Johnson Trinca, Director of Government Relations, National Education Association. “The Preparing and Retaining All Educators (PARA) Act will help schools deal with an educator shortage that has been decades in the making. This bill will help schools across the country recruit and retain diverse, qualified and experienced paraeducators in our schools to support our students. This is more important than ever as the Trump Administration continues to take a wrecking ball to public education and the futures of the 50 million students in rural, suburban, and urban communities across America. NEA is pleased to support this legislation, and we applaud Senator Markey for his continued leadership on issues so important to education support professionals.”
    Low wages and a lack of training and professional development opportunities contribute to high rates of turnover and position vacancies among paraeducators, particularly in high-poverty school districts. The PARA Educators Act would support the recruitment and retention of paraeducators by funding state and school level initiatives to improve wages, working conditions, and professional development and credentialing programs for paraprofessionals working in public schools.
    Specifically, the PARA Educators Act would:
    Establish a grant program within the Department of Education to support state and district efforts to recruit and retain paraprofessionals.
    Prioritize high-need rural and urban areas to ensure grant funding is distributed equitably.
    Provide paraprofessionals with access to high-quality professional development programs that will advance in their careers and benefit their students.
    The bill is cosponsored by Senators Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Alex Padilla (D-Calif), and Sheldon Whitehouse (D-R.I.).
    The bill is endorsed by the National Education Association, AFT, the Advocacy Institute, CommunicationFIRST, Council for Exceptional Children, National Rural Education Association, National Center for Learning Disabilities, AFSCME, The Arc.
    In April 2025, Senator Markey reintroduced the Paraprofessionals and Education Support Staff Bill of Rights alongside Rep. Jahanna Hayes (D-CT-05), which would establish livable wages, benefits, and dignified working conditions for paraeducators and other essential school support staff. In February 2025, Senator Markey introduced the No Cuts to Public Schools Act, which would block all federal funding cuts to critical education programs serving students with disabilities, English learners, low-income students, and rural students through fiscal year 2027.

    MIL OSI USA News –

    July 18, 2025
  • Indian Navy to commission indigenous diving support vessel ‘Nistar’ today at Visakhapatnam

    Source: Government of India

    Source: Government of India (4)

    In a boost to India’s maritime capabilities and self-reliance in defence production, the Indian Navy will today commission its first indigenously designed and built Diving Support Vessel (DSV) Nistar at the Naval Dockyard in Visakhapatnam. Defence Minister Rajnath Singh will preside over the commissioning ceremony, marking the formal induction of the state-of-the-art vessel into the Eastern Naval Command.

    Designed and constructed by Hindustan Shipyard Limited (HSL), Visakhapatnam, Nistar represents a major milestone in the nation’s pursuit of Aatmanirbharta (self-reliance) in defence manufacturing. More than 120 Micro, Small, and Medium Enterprises (MSMEs) contributed to the construction of the vessel, helping achieve an impressive indigenous content of over 80 percent.

    With a length of approximately 120 meters and a displacement exceeding 10,000 tons, Nistar is equipped with cutting-edge technology to support deep-sea diving and submarine rescue missions. It features a Dynamic Positioning System for precise maneuverability, advanced Air and Saturation Diving Systems, underwater Remotely Operated Vehicles (ROVs), and Side Scan SONAR systems.

    Significantly, Nistar will serve as the ‘Mother Ship’ for the Deep Submergence Rescue Vehicle (DSRV), marking a major enhancement in India’s submarine rescue capabilities.

    Onboard medical facilities further strengthen the ship’s versatility, with an operation theatre, intensive care unit, eight-bedded hospital, and hyperbaric medical infrastructure designed to support critical rescue and diving operations. The vessel also boasts an endurance of over 60 days at sea, helicopter staging capability, and a 15-ton subsea crane.

    The new vessel carries forward the legacy of its predecessor – ex-Nistar, a submarine rescue vessel acquired from the erstwhile USSR in 1969, which served the Navy until the early 1990s. The new Nistar inherits her motto: Surakshita Yatharthta Shauryam – “Deliverance with Precision and Bravery.”

    July 18, 2025
  • MIL-OSI NGOs: No More Compromise: Groups Push Australia to Finalise Strong and Binding Global Plastics Treaty

    Source: Greenpeace Statement –

    Today, 31 First Nations and environmental groups call on the Australian Government to continue pushing for a robust and ambitious Global Plastics Treaty ahead of negotiations recommencing in Geneva this August. 

    The only way to end ocean plastic pollution here at home and around the world is through bold and binding global action to cut plastic production and consumption, and take a full lifecycle approach to managing plastics – including plastic fishing and aquaculture gear. 

    Plastic pollution is now a global environmental disaster that impacts every corner of Australia’s coastline: 

    • nationally, plastics make up 81% of all litter collected by Clean Up Australia volunteers;
    • in Northern Australia, the prevalence of ghost fishing gear is increasing, the ghost nets strangling, entangling and capturing thousands of turtles;
    • in New South Wales, AUSMAP measured over 12,000 microplastics per m2 in Sydney Harbour and Adrift Lab researchers recently found so much plastic inside seabird chicks on Lord Howe Island that the young birds crunched when handled;
    • in Victoria, Beach Patrol collected 738 kg of rubbish from Discovery Bay in under 2.5 hours;
    • in Western Australia, Tangaroa Blue Foundation coordinated 7.3 tonnes of rubbish being removed from beaches across the state;
    • in Queensland, 80% of green sea turtles have ingested plastic;
    • in South Australia, microplastics have been detected inside seafood we eat;
    • in Tasmania; shockingly high levels of microplastics have been found in waters off Bicheno; and
    • on the remote Torres Strait and Cocos (Keeling) Islands, pristine beaches are being buried under hundreds of tonnes of plastic pollution including from plastic bottles, thongs, lighters and polystyrene fragments.

    Recycling alone will not end plastic pollution. Voluntary pledges have failed. The only path forward is a strong and robust Global Plastics Treaty with ambitious and enforceable rules to end plastic pollution.

    Low ambition from a handful of countries with vested interests in plastic production cannot be allowed to derail this global opportunity to end plastic pollution. There is no time for compromise. Plastic pollution is choking our oceans, killing marine life, and threatening ecosystems from coast to coast. It is also entering our food chain, directly impacting seafood consumption by First Nations peoples and all Australians.

    We welcome the Australian Government’s renewed commitment to support a strong Global Plastics Treaty. The Australian Government must use all diplomatic means to finalise a strong, legally binding plastics treaty at INC-5.2. Now is the time to act – for our environment, for our climate, and for future generations.

    This statement is supported by:

    1. Australian Marine Conservation Society
    2. Dhimurru Aboriginal Corporation
    3. Vonda Malone Consultancy
    4. Boomerang Alliance
    5. OceanEarth Foundation
    6. Sea Shepherd
    7. Australian Microplastic Assessment Project (AUSMAP) 
    8. Total Environment Centre
    9. Plastic Collective
    10. No More Butts
    11. BeachPatrol 3280-3284
    12. Youth Plastic Action Network
    13. Take 3 for the Sea
    14. Ocean Impact Organisation 
    15. Australian Seabird and Turtle Rescue
    16. Clean Up Australia
    17. Adrift Lab
    18. Toys for Turtles, The University of Adelaide
    19. No Balloon Release Australia
    20. Plastic Free Foundation
    21. Ocean Conservancy
    22. Global Ghost Gear Initiative
    23. Tangaroa Blue Foundation
    24. Surfers for Climate
    25. Friends of the Earth Melbourne 
    26. Greenpeace Australia Pacific
    27. Marine Wildlife Rescue – Central Coast
    28. Surfrider Foundation Australia
    29. WWF-Australia
    30. Keep Top End Coasts Healthy
    31. Protect Ningaloo

    MIL OSI NGO –

    July 18, 2025
  • MIL-OSI Asia-Pac: Local firms hit record 1.49m

    Source: Hong Kong Information Services

    The Companies Registry today announced that 84,293 local companies were newly registered during the first half of 2025, bringing the total number of registered local companies to an all-time high figure of 1,494,806.

          

    Meanwhile, 761 non-Hong Kong companies have newly established a place of business in the city and were registered under the Companies Ordinance. The total number of registered non-Hong Kong companies reached 15,509 as at the end of June, which is also a record high.

          

    In line with the Government’s policies on facilitating business as well as attracting enterprises and investments, two improvement measures for the Companies Ordinance came into operation during the first half of 2025.

     

    The first measure enabled listed companies incorporated in Hong Kong to hold shares bought back in the treasury and dispose of them. The second one introduced a company re-domiciliation regime in Hong Kong, offering non-Hong Kong corporations a simple and cost-effective route to re-domicile to the city while preserving their legal identity and operational continuity.

       

    From January to June, the number of charges on properties of companies received for registration was 5,970, while the number of notifications of payments and releases was 9,915. There were also 1,678,809 documents delivered to the registry for registration.

     

    For electronic search services, 2,615,652 searches of document image records were carried out.

     

    As for the licensing of trust or company service providers, 350 licences were granted, resulting in 6,971 licensees up to mid-2025.

    MIL OSI Asia Pacific News –

    July 18, 2025
  • Lula says he won’t take orders from foreigner Trump, calls tariffs blackmail

    Source: Government of India

    Source: Government of India (4)

    Brazilian President Luiz Inacio Lula da Silva on Thursday said he would not take orders over tariffs from a foreigner, referring to U.S. President Donald Trump, and later called the United States’ threatened duty “unacceptable blackmail.”

    The comments, made during two separate events, mark a continuation of a spat between the two leaders that escalated when the U.S. announced a 50% tariff on Brazil last week.

    Trump attributed the tariff, set to start in August, to Brazil’s treatment of former President Jair Bolsonaro and to trade practices against U.S. companies that he said are unfair. The tariff announcement came days after Lula called Trump an “emperor” the world does not want.

    Lula and members of his cabinet have rejected the reasoning behind the tariffs and insisted on Brazil’s sovereignty, while calling for trade negotiations with the United States.

    “No foreigner is going to give orders to this president,” Lula said in a speech, using the slang word ‘gringo’, which in Brazil is a common term for foreigners without the pejorative sense it carries in other parts of Latin America.

    He added that Brazil would go ahead with regulation and taxation of U.S. tech firms, telling a gathering of leftist student activists in the state of Goias that tech firms are conduits of violence and fake news disguised as freedom of expression.

    Later on Thursday, during an evening TV and radio address to the nation, Lula said the defense of Brazil’s sovereignty extends to protecting itself against the actions of foreign digital platforms.

    During the near five-minute address, Lula said Brazil has been negotiating with the U.S. over tariffs, and repeated that the Latin America country had sent a proposal in May.

    “We expected a response, and what we received was unacceptable blackmail, in the form of threats to Brazilian institutions and false information about trade between Brazil and the United States,” Lula said.

    Brasilia has been holding discussions with industry groups and companies that will be affected by the U.S. tariff, while also readying potential retaliatory measures if talks fall through.

    Foreign Minister Mauro Vieira told CNN Brasil separately on Thursday that Lula was open to talks with Trump, who had not yet met each other.

    “If the circumstances are given, they will speak,” he added.

    Lula, who is in his third non-consecutive term as president of Latin America’s largest economy, saw his approval ratings start to rebound after the trade spat with Trump last week.

    (Reuters)

    July 18, 2025
  • MIL-OSI USA: Case Opposes Housing And Transportation, Energy And Water Funding Measures That Fail To Support Americans Facing Rising Housing, Energy And Transportation Costs

    Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

    (Washington, DC) – U.S. Congressman Ed Case (HI-01), a member of the House Appropriations Committee, today voted in full Committee against the proposed Fiscal Year (FY) 2026 Transportation-Housing and Urban Development (HUD) Appropriations and FY 2026 Energy and Water Appropriations measures.

    The FY 2026 housing and transportation bill proposes to spend $89.9 billion for HUD, the United States Interagency Council on Homelessness and the Department of Transportation, including the Federal Aviation Administration (FAA). This is a decrease of $4.5 billion from the FY 2025 enacted level.

    The $57.3 billion Energy and Water Appropriations bill funds the Department of Energy (DOE), the U.S. Army Corps of Engineers’ (USACE) civil works programs and various energy programs. This is a decrease of nearly $776 million from the FY 2025 enacted level.

    “While these measures fund many critical Hawai‘i priorities I requested, I regrettably had to vote against both bills because of massive cuts to federal program that help everyday Americans with rising housing, transportation and energy costs,” explained Case.

    The Transportation-HUD Appropriations bill included some important wins for Hawai‘i requested by Case including $5.5 million for Case’s Community Funding Projects (described below), as well as $18.3 million for the Native Hawaiian Housing Block Grant and $28 million for the Native Hawaiian Housing Loan Guarantee Fund (for both of which programs the President’s budget has proposed $0). It also included Case’s request to continue funding for the National Transportation Safety Board (NTSB), which plays a crucial role in enhancing the safety of the helicopter and small aircraft industry through accident investigation, analysis and recommendations to prevent future incidents, including several fatal accidents throughout Hawai‘i.

    Despite these positives, Case said the bill poses significant risks to vulnerable communities by exacerbating the cost-of-living crisis and undercutting critical housing support systems. The bill eliminates the HOME Investment Partnerships Program, the only federal program dedicated to developing new affordable rental and homeownership options. It also defunds the PRO Housing Program, which empowers local governments to address housing shortages. Together, these actions remove essential tools for expanding the affordable housing supply.

    The bill further harms Americans aspiring to homeownership by stripping funding from housing counseling assistance. The net effect of the bill threatens nearly 415,000 households that rely on HUD assistance, putting them at risk of eviction and housing instability.

    The Energy and Water Appropriations bill also included numerous wins for Hawai‘i requested by Case, including funding for USACE programs that aid in the preservation of Hawaii’s coastlines across all seven inhabited islands. Specifically, the bill includes $2 million to study avenues of protection for public infrastructure on small beaches from erosion and damage caused by storms and natural wave currents; $18 million for regional sediment management, construction, operations and regulatory functions in the coastal zone; and $38 million for programs which manage aquatic weeds in public waters.

    Notably, one of Case’s highest priorities, an instruction to the USACE to complete a major update study for Honolulu Harbor, was included in the bill. This provision directs the USACE to investigate modifications to Honolulu Harbor to better handle the impacts of military operations in the state and throughout the Indo-Pacific as a whole, which can open up additional federal resources for the planned improvements of Honolulu Harbor. Also included in the bill is $9.5 million for USACE program that aids in the planning, designing and construction of small projects for commercial navigation purposes such as channels, breakwaters and jetties. This funding will aid in the investigation of best practices for Honolulu Harbor modifications.

    Despite these positives, Case opposed the measure in light of the widespread elimination of funding to advance clean, affordable and secure energy for Americans. The bill slashes vital clean energy funding nationwide, with Hawai‘i set to experience a cut of 31% on federal funding for clean energy projects and investments.

    “While the Energy and Water Appropriations measures fund many critical Hawai‘i and priorities I requested, regrettably the bill will increase energy costs for American families by revoking more than $5 billion in clean energy investments.

    “Without these federally funded programs and incentives, we risk falling dangerously behind our clean energy goals,” said Case. 

    Through his assignment on the Committee, Case secured the following seven Member-designated Community Project Funding (CPF) projects across the two bills that specifically focused on local needs in Hawai‘i:

    ·      $2 million for the Hawai‘i Department of Transportation to repair Aloha Tower, including replacing its 40-foot mast, repairing the crown of the tower and replacing its windows to weatherproof the landmark. This funding is essential to maintain Aloha Tower’s structural integrity, enhance public access and ensure that it remains a celebrated symbol of Honolulu’s history for generations to come.

    ·      $1 million for the City and County of Honolulu for its Waikīkī Vista Project. This project converts former Tokai University and Hawai‘i Pacific University classrooms into a consolidated, family-friendly emergency shelter and additional affordable housing units for low-income families. This investment will directly enhance the City’s ability to reduce family homelessness and expand affordable housing inventory in one of Hawaii’s most housing-challenged areas.

    ·      $850,000 for the City and County of Honolulu to support its Safe Harbor Support for Housing Survivors of Domestic Violence project. This funding will expand the Domestic Violence Action Center’s successful housing program by supporting property acquisition and staffing to increase safe and stable housing options for survivors and their children.

    ·      $850,000 for Kalihi Waena Elementary School to construct a new single-span pedestrian bridge with American with Disabilities Act-compliant access between Kūhiō Park Terrace and the school. The new bridge will replace dangerously deteriorating infrastructure and ensure safe and equitable access for students and community members.

    ·      $300,000 for Highlands Intermediate School to modernize and expand its media center infrastructure. The renovation will create a collaborative, technology-driven learning environment that fosters student creativity, innovation and digital literacy.

    ·      $250,000 for the Hawai‘i State Parks System and Hawai‘i Nature Center to upgrade educational and operational facilities, including classroom expansion and replacement of a sustainable wetland wastewater system supporting environmental education for thousands of Title I students annually.

    ·      $250,000 for the Hawai‘i State Broadband Office for broadband infrastructure development in our local community centers. Funding will be used toward essential network enhancements, including rewiring, electrical system upgrades and the installation of Wi-Fi access points to ensure reliable, high-speed connectivity.

    The House’s CPF rules require that each project must have demonstrated community support, must be fully disclosed by the requesting Member and must be subject to audit by the independent Government Accountability Office. Case’s disclosures are here: https://case.house.gov/services/funding-disclosures.htm.  


    Transportation-HUD Funding Bill

    More specifically, the bill includes the following funding requested by Case for programs to improve access to affordable housing in Hawai‘i and nationwide:

    ·      $18.3 million for the Native Hawaiian Housing Block Grant Program, which supports the building, acquisition and rehabilitation of affordable homes.

    ·      $5 million for core housing research partnerships with Native Hawaiian serving institutions among other minority serving institutions.

    ·      $56 million for the Self-Help and Assisted Homeownership Opportunity Program.

    ·      $17 billion for project-based rental assistance.

    ·      $5.6 billion for the Community Development Fund, which includes $3.3 billion for the Community Development Block Grant formula program.

    ·      $4 billion for the Homeless Assistance Grants.

    Transportation and infrastructure programs requested and secured by Case include:

    ·      $380 million for the Maritime Security Program, $123 million for the Port Infrastructure Development Program and $30 million for assistance to small shipyards like Kalaeloa/Barbers Point.

    ·      $64 billion for the Federal Highway Administration to improve the safety and long-term viability of our highways.

    ·      $23 billion for the FAA, including $10 billion to fully fund air traffic control operations and allow the FAA to hire 2,500 air traffic controllers to replace the retiring workforce.

    ·      $15 billion for the Federal Transit Administration.

    A summary of the Transportation-HUD Appropriations bill is available here.

    Energy and Water Funding Bill

    More specifically, the bill includes the following energy and water-related programs and provisions requested and secured by Case and of specific benefit to Hawai‘i: 

    ·      Language directing the USACE to investigate modifications to Honolulu Harbor to better accommodate the impacts of military operations in the state and throughout the Indo-Pacific as a whole.

    ·      $2 million for the USACE’s beach erosion and hurricane and storm damage reduction activities.

    ·      $40 million for flood control and coastal emergencies efforts.

    ·      $18 million for the USACE’s National Coastal Mapping Program, which provides high-resolution elevation and imagery data along the U.S. shorelines on a recurring basis which can provide a better understanding of human uses, issues and constraints in coastal regions.

    ·      $12 million for the USACE’s Aquatic Plant Control Program, which conducts research and development of biological, chemical, cultural and ecological capabilities for controlling invasive aquatic plants.

    ·      Language modifying a clean energy program under DOE that has been widely beneficial for Hawai‘i. The newly named Energy Technology Innovation Office, previously known as the Energy Transitions Initiative, supports island and remote communities by providing personalized technical and financial assistance. Case recently introduced legislation make to make this program permanent. (See here for more details.)

    ·      Language directing the DOE to investigate potential benefits of having small-modular nuclear reactors as a source of clean, domestically sourced electricity for remote, noncontiguous U.S. areas such as Hawai‘i.

    A summary of the Energy and Water Appropriations bill is available here. 

    These two bills are the 6th and 7th of twelve separate bills developed and approved by the Appropriations Committee that would fund the federal government at some $1.6 trillion for FY 2026 commencing October 1st of this year. The bills now move on to the full House of Representatives for its consideration.   

    ###

     

     

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI: FACT CHECK: Frequency Holdings YCRM Issues Clarification On Procedural Judgment; No Liability to Company, Litigation Exposure Remains for Luciano Aguayo

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 17, 2025 (GLOBE NEWSWIRE) — Frequency Holdings Inc. (OTC: YCRM), a Nevada public company, issues this clarification following a press release distributed on July 17, 2025, by Luciano Aguayo, defendant in the original and now-defunct lawsuit brought by ReachOut Technology Corp., a former subsidiary of YCRM.

     The judgment referenced in the release has no financial or legal impact on YCRM. The company retains full ownership and operation of reacquired assets, including customer contracts and intellectual property.

    YCRM is Not Liable — But the Claims Against Aguayo Remain Alive

    The judgment does not affect YCRM. Claims originally brought against Mr. Aguayo, estimated during mediation at over $9 million, were dismissed without prejudice and remain enforceable. These may be reasserted at any time by the current rights holder. The new owner of ReachOut Technology Corp. may pursue these claims at any time.

    Court Judgment Was Procedural — Not a “Vindication”

    Contrary to the implication of Mr. Aguayo’s release, the default judgment was issued due solely to ReachOut Technology Corp.’s lack of legal representation following its sale. No discovery had begun, depositions given, or evidence presented at the time of judgement. The court’s judgment was procedural, as stated in official hearing minutes, it had nothing to do with the facts or truth of the case. It happened because the previous subsidiary had no lawyer at the time.

    Aguayo’s Allegations About Contradict Court Records

    Court documents confirm that Attorney Matt Nirider left his law firm (Nelson Mullins) for an in-house role. The motion to withdraw explicitly states: “Following Attorney Nirider’s departure, ReachOut and Jordan desire to retain new counsel.” The firm’s withdrawal was based solely on attorney movement and client choice, not adverse facts.

    Misleading Affidavit Falsely Cited As “Testimony” – Former Employee Was Fired for Cause

    The misleading statement referenced as “under oath in federal court” was not court testimony at all but an affidavit from a former employee terminated for job abandonment, underperformance, and later found to have a conflict of interest for undisclosed side business activity. She was not subject to cross-examination and faces credibility challenges in any proceedings.

    Customer Contracts Were Reacquired and Remain Active

    In April 2025, YCRM publicly disclosed its reacquisition of customer contracts, intellectual property, and operational assets of the original ReachOut Technology Co. These are now under a new, fully operational subsidiary. This deal is wholly unrelated to the dismissed lawsuit and affirms YCRM’s continuity and commercial strength.

    Rick Jordan, CEO of Frequency Holdings, stated: “We’re not going to let misinformation distract from the reality we’ve built. Our clients stayed. Our business is stronger than ever. And anyone trying to rewrite history for their own PR stunt should be careful what they invite.”

    YCRM reserves all rights. All legal remedies remain available and active. Any future litigation against Aguayo, whether civil or criminal in nature, remains entirely within the discretion of the asset holder.

    This statement is provided solely for the benefit of shareholders, regulators, and stakeholders, and does not constitute an admission, denial, or waiver of any legal right or position.

    PR Contact:
    Cheryl Conner
    SnappConner PR
    801-806-0150
    info@SnappConner.com
    PR@frequencyhold.com

    The MIL Network –

    July 18, 2025
←Previous Page
1 … 133 134 135 136 137 … 2,663
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress