Category: Vehicles

  • MIL-OSI Security: Baltimore Man Pleads Guilty to Drug Trafficking Conspiracy Involving Sale of Loaded AR-Style Pistol

    Source: Office of United States Attorneys

    The defendant sold undercover agents more than 2,000 grams of drugs.

    Baltimore, Maryland – Derrick Nutter, 40, of Baltimore, Maryland, pled guilty to conspiracy to commit drug trafficking in federal court. 

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the plea with Special Agent in Charge Toni M. Crosby, Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF).

    According to the guilty plea, Nutter unknowingly met with undercover agents on multiple occasions to sell methamphetamine, fentanyl, cocaine, and a loaded AR-style pistol.

    On June 12, 2024, Nutter sold an undercover agent approximately 109 grams of cocaine for $3,600, approximately seven grams of methamphetamine for $100, and a free sample of fentanyl. Then on June 20, 2024, Nutter sold the undercover agent approximately 85 grams of suspected fentanyl for $3,300, and approximately 79 grams of cocaine for $2,700.

    Additionally, on the same date, Nutter sold the undercover agent a 5.56 caliber AR-style privately made pistol with no serial number. It was equipped with an Axeon optic and loaded with 12 rounds of ammunition. The substance Nutter described as fentanyl was actually Schedule I ortho-Methylfentanyl – a fentanyl analogue.

    Nutter sold cocaine and MDMA to a second undercover on June 25, 2024, and August 22, 2024. He also explained that his “girl” was receiving a package of drugs in the mail. Investigators identified Nutter’s “girl” as co-conspirator Khristina Williams.

    On September 3, 2024, Nutter was at Williams’ residence and then he drove to a planned meeting location to sell the second undercover agent drugs. Nutter met the undercover agent and sold approximately 223 grams of methamphetamine in exchange for $4,000. He returned to his vehicle where authorities observed Williams seated in the front passenger seat.

    Then on September 10, 2024, Nutter met with two undercover agents and sold them approximately 525 grams of methamphetamine in exchange for $6,100. He also provided a free sample of fentanyl. Nutter agreed to sell the undercover agents additional fentanyl if they came to his home.

    While in route to his home, Nutter called Williams multiple times. After arriving at his residence, Nutter sold the undercover agents several hundred fentanyl pills. Eventually, Nutter and the undercover agents walked outside and met with Williams, who had arrived in her vehicle. Nutter retrieved several hundred additional fentanyl pills from Williams and handed them to the undercovers. The undercover agents paid Nutter $3,900 in exchange for the drugs, including nearly 800 fentanyl pills.

    On October 3, 2024, the two undercover agents met Nutter in a public parking lot. After Nutter sold them approximately 830 grams of methamphetamine, authorities arrested him. During the undercover operation, Nutter sold agents approximately 1,595 grams of methamphetamine, 298 grams of cocaine, 90 grams of fentanyl, 85 grams of fentanyl analogue, and the loaded AR-style pistol.

    Nutter faces a maximum sentence of 20 years in prison. Sentencing is scheduled for Wednesday, September 17, at 11 a.m.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone.  On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    U.S. Attorney Hayes commended the ATF for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorney James O’Donohue who is prosecuting the case.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, visit www.justice.gov/usao-md and https://www.justice.gov/usao-md/community-outreach.

    # # #

    MIL Security OSI

  • MIL-OSI Security: Mission Woman Sentenced to Federal Prison for Larceny and Failure to Appear

    Source: Office of United States Attorneys

    PIERRE – United States Attorney Alison J. Ramsdell announced today that U.S. District Judge Eric C. Schulte has sentenced a Mission, South Dakota woman convicted of Larceny and Failure to Appear. The sentencing took place on May 19, 2025.

    Kylie Leader Charge, age 19, was sentenced to eight months in federal prison, followed by three years of supervised release. Leader Charge was further ordered to pay a $200 special assessment to the Federal Crime Victims Fund and $1,000 in restitution.

    Leader Charge was indicted by a federal grand jury in February 2024. She pleaded guilty on February 20, 2025.

    The conviction for Larceny stemmed from an incident that occurred in November of 2023, within the Rosebud Sioux Indian Reservation, when Leader Charge and a co-defendant stole a vehicle near Mission, drove it in a reckless manner, and caused damage to the vehicle.

    Following her Indictment, Leader Charge was released on bond. On March 21, 2024, Leader Charge failed to appear for a bail review hearing as required by her bond conditions. She was subsequently indicted for Failure to Appear.

    These matters were prosecuted by the U.S. Attorney’s Office because the Major Crimes Act, a federal statute, mandates that certain violent crimes alleged to have occurred in Indian Country be prosecuted in Federal court as opposed to State court.

    These cases were investigated by the Rosebud Sioux Tribe Law Enforcement Services and the United States Marshals Service. Assistant U.S. Attorney Meghan N. Dilges prosecuted the cases.

    Leader Charge was immediately remanded to the custody of the U.S. Marshals Service. 

    MIL Security OSI

  • MIL-OSI: $255 Payday Loans: Direct lender, Same Day, No Credit Check – Payday Loans Online Near Me – Wizzay

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, May 21, 2025 (GLOBE NEWSWIRE) —

    With the world becoming increasingly fast-paced, unexpected bills can crop up at anytime, leaving people in urgent need of cash. For people with impending cash emergencies, $255 payday loans online same day provide a hassle-free and quick solution. The loans are meant to bring immediate financial reprieve, particularly for those with poor credit or those without access to other avenues of conventional credit.

    This detailed guide delves into the intricacies of $255 payday loans, such as the benefits of dealing with direct lenders like Wizzay, having in mind the requirements to be eligible, and options for those with varying credit scores.

    Wizzay: Best Platform to Get $255 Payday Loans Online with Same Day Approval from Direct Lenders | Instant Approval

    Wizzay is a top platform that connects borrowers with direct lenders offering $255 online payday loans with same-day approval. With a simple-to-use interface and an established network of good lenders, Wizzay makes borrowing easier, money available instantly without the red tape involved with normal credit checks.

    Wizzay makes it easy for lenders to complete a simple online application, receive the approval decision within seconds, and deposit funds into their bank account, typically on the same business day. Quickness is an ideal feature for those who require fast money.

     <<>>

    $255 Payday Loans Online Same Day California

    When faced with urgent bills like medical or auto emergencies, waiting days for approval of a conventional loan isn’t possible. Same-day approved online $255 payday loans provide the quick cash relief many Americans need.

    California residents have their own state regulations on payday loans. The typical maximum cash amount borrowed in California is $255 (after fees), so this is a typical loan amount all over the state. Wizzay connects California borrowers with licensed lenders who work within the state framework.

    The main advantages for California residents are:

    • Compliance with state laws
    • Borrower maximum fee caps
    • Simple disclosure requirements
    • Licensed lender connections

    What Are Payday Loans?

    Payday loans are temporary lending options that bring prompt fiscal relief until your next paycheck. Payday loans generally:

    • Range from $100 to $1,000 (with $255 being a typical sum, particularly in California)
    • Have 2-4 week repayment terms (due on your subsequent payday)
    • Come with higher interest rates than regular loans because they’re short-term
    • Are low-documentation compared to regular bank loans
    • Disburse quickly, often the same day that they approve you

    Unlike conventional loans that can take weeks to finalize, payday loans provide succor in times of financial crisis when time is crucial.

     <<>>

    Why You Should Go For Payday Loans Online?

    The advent of the Internet age has revolutionized the payday lending business. Online lenders such as Wizzay have made it easier than ever before by providing:

    • 24/7 application access
    • Paperless paperwork
    • Data encryption security
    • Instant approval messages
    • Direct fund deposit

    Applying for online payday loans avoids going to brick-and-mortar stores, filling out paper forms, or standing in line. The whole process, from funding application, can be done from your couch using any internet-enabled device.

    Most Trusted $255 Payday Loan Option Online With No Credit Check – Wizzay

    Wizzay has become the most reliable site for $255 online payday loans, especially for credit check worrisome borrowers. Although no genuine lender can provide strictly “no credit check” loans, Wizzay is a partner to direct lenders who:

    • Pay more attention to your present income and repayment capability
    • Look beyond regular credit ratings
    • Make soft credit checks that don’t affect your credit rating
    • Approve loans to borrowers from all sections of the credit spectrum

    This second option for creditworthiness makes Wizzay a great choice for less-than-stellar credit customers who require money in a hurry.

     <<>>

    Common Uses for Same Day Payday Loans With Wizzay

    Same-day payday loans through Wizzay act as an emergency financial safety net for numerous surprise expenses, like:

    • Out-of-pocket medical or dental costs that insurance doesn’t cover
    • Emergency car repairs when your vehicle is required for work
    • Overdue bills for power to avoid disconnection
    • Unforeseen home repairs such as faulty water heaters or AC systems
    • Covering small gaps between paychecks when bills are payable
    • Preventing costly overdraft or late payment charges

    These short-term loans bring peace of mind when working with time-critical financial expenses that cannot wait until your upcoming paycheck.

    Advantages of Choosing Wizzay for $255 Payday Loans from Direct Lender California

    Selecting Wizzay for your California $255 payday loan requirements has several benefits:

    • Easy Application Process: Fill up within minutes from your device
    • Large Network of Trustworthy Direct Lenders: Experience several lending opportunities on one platform
    • Easy-to-Understand Terms and Conditions: Complete transparency of all charges and repayment information
    • Fast Decision: Usually within a few minutes of application submission
    • Same-Day Funds: Funds credited to your bank account on the same business day
    • Secure Data Protection: Top-level encryption and privacy safeguards
    • 24/7 Online Convenience: Use anytime, day or night, weekends included
    • No Surcharge Fees: All fees disclosed before you sign up

    These advantages make Wizzay the Californians’ first choice for speedy financial solutions without messy processes.

    $255 Payday Loans Online Same Day With Wizzay

    Wizzay’s site is all about getting $255 online payday loans with same-day processing. This loan amount is especially favored in California, given the state’s regulations.

    The process is as follows:

    • Fill out the easy online application form with your information
    • Get instant pre-qualification feedback
    • Compare loan offers from direct lenders
    • Choose the best offer with the best terms
    • Finish any other verification steps with the lender
    • Get money into your bank account, usually on the same business day

    The whole procedure is made for ultimate efficiency, so you can tackle your financial crisis without any delay.

     <<>>

    Who Should Consider a $255 Payday Loan Online?

    Payday loans can be a help, but they’re not for everyone. You may want to use a $255 payday loan via Wizzay if you:

    • Are in a sudden, short-term financial situation
    • Have depleted other lower-cost borrowing sources
    • Have a regular income source with future paychecks
    • Require money today, and can’t wait for conventional loans
    • Can pay back the entire amount on your upcoming payday
    • Understand the greater cost of short-term borrowing

    Payday loans operate best as a short-term bridge in true financial emergencies, but not as a long-term financial option.

    Wizzay Offers No Denial Payday Loans Direct Lenders Only

    No lender can possibly approve everybody, but direct tribal loan lenders collaborating with Wizzay approve more people than big financial institutions. “No denial” is used to describe lenders who:

    • Approve applications from bad credit borrowers
    • Pay less attention to credit history than to income now
    • Have numerous loan products to suit various needs
    • Give definite reasons if the application cannot be approved
    • Dealing with direct lenders bypasses middlemen and results in:
    • Quicker processing times
    • Lower total costs
    • More customized service
    • Direct access to the funding source

    Wizzay’s $255 Payday Loans Eligibility Criteria: What do You Need to Qualify?

    To be eligible for a $255 payday loan with Wizzay’s group of direct lenders, you would usually have to satisfy these minimum requirements:

    • Be at least 18 years old
    • Be a US citizen or resident alien
    • Have a valid government-issued identification
    • Have an open checking account in your name
    • Provide evidence of steady income (employment, benefits, etc.)
    • Give a current email address and telephone number
    • Have a minimum monthly income (usually $1,000+)

    Unlike bank loans, payday lenders with no credit check usually do not require ideal credit histories or large amounts of financial records, so the application procedure is more convenient.

     <<< Bad Credit? No Problem – Wizzay Offers $255 Loans with No Credit Check>>>

    How Do Payday Loans Online Work?

    Payday loans via online websites like Wizzay function differently from bank loans:

    • Application: Fill out your information using an encrypted online application
    • Verification: Lenders check your identity and income information
    • Approval: Get loan offer with conditions and terms
    • Acceptance: Sign loan agreement electronically
    • Funding: Funds are credited directly to your bank account
    • Repayment: Amount of loan and fees are deducted automatically from your account on the scheduled date

    The whole process is fast and easy, doing away with paperwork and physical visits to obtain traditional lending.

    What Are 1 Hour Payday Loans Online?

    When minutes are of the essence, 1-hour payday loans from Wizzay’s network can bring ultra-rapid relief. While not all applications can be reviewed this rapidly, numerous lenders attempt to:

    • Review applications in minutes
    • Make instant approval determinations
    • Process funding requests instantly
    • Deposit funds as soon as possible technically

    1 Hour Payday Loans Online from Direct Lenders – Fast Approval Process

    Wizzay’s direct lender network is all about quick loan processing, which usually issues approval responses within 1 hour of application. This speedy time frame involves:

    • Initial Application: 5-10 minutes to fill out online
    • Automated Verification: Seconds to minutes
    • Lender Review: 15-60 minutes within business hours
    • Final Approval: Often within 1 hour of completing all necessary information
    • Fund Transfer: Fund transfer initiated immediately upon approval

    Most borrowers get the funds the same business day, especially when approved in the morning.

    <<>>

    $255 Payday Loans Direct Lender California

    California has unique rules covering payday lending, which makes the $255 loan figure popular in the state. When applying for a $255 payday loan in California via Wizzay, you’ll enjoy:

    • State-regulated maximum fees and interest rates
    • Authorized direct lenders that work within legal parameters
    • Transparent disclosure of all loan terms mandated by state law
    • Shield from predatory lending
    • Uncomplicated repayment terms 
    • No hidden penalties

    Wizzay ensures that all participating lenders are within California’s lending laws, giving borrowers an extra layer of protection and clarity.

    How To Get $255 Payday Loans Online Same Day In California?

    Getting a $255 payday loan in California via Wizzay is easy:

    • Visit Wizzay’s Website: Go to their secure online website
    • Start Your Application: Click on the application for loan button
    • Enter Personal Information: Enter your basic info and contact info
    • Submit Income Details: Enter work details and income proof
    • Provide Banking Information: Include your checking account information for transferring funds
    • Review and Submit: Make sure all details are correct before submitting
    • Receive Approval: Wait for lender approval notice
    • Accept Loan Terms: Review and agree to the provided loan agreement
    • Get Funds: Look for the deposit in your bank account, usually the same day

    Loans for Bad Credit: Why Payday Loans Still Work

    Conventional lending companies tend to deny borrowers with bad credit scores, making many lenders have fewer choices when money emergencies arise. Payday loans are still viable options for these people because:

    • Credit decisioning based on approval is more driven by current earnings than by credit record
    • Loan sizes are fairly low, minimizing lender exposure
    • Short-term repayment involves less long-term risk consideration
    • Direct deposit confirmation gives lenders payment security
    • The emergency nature of these loans makes higher interest charges understandable

    Using Wizzay, bad credit borrowers may still have access to emergency cash when conventional doors are shut.

      <<>>

    Benefits of Payday Loans for Bad Credit Borrowers

    For those who have low credit scores, payday loans provide several unique benefits:

    • Accessibility: Greater approval rates than conventional loans
    • No Credit-Building Requirements: No requirement for existing credit history
    • Fast Funding: Instant availability of money with no long approval processes
    • Minimal Documentation: Fewer papers needed than traditional loans
    • Fixed Fees: Absolute knowledge of total amount to be repaid upfront
    • No Collateral Required: No requirement for putting valuable possessions at risk
    • Credit Score Protection: Some lenders never report to major credit bureaus

    These advantages render payday loans from Wizzay an efficient option for subprime borrowers with timely financial requirements.

    Online Application Process for Instant Approval Explained

    The application process from Wizzay is optimized for efficiency:

    • Enter minimal personal data (address, name, etc.)
    • Supply job information and income verification
    • Supply banking details for deposit and repayment
    • Be given instant initial approval
    • Make final checks on terms from participating lenders
    • Accept and collect the funds

    The majority of applications only take less than 5 minutes to fill out.

    Payday Loans Online Without Traditional Credit Checks – Are They Safe?

    Lenders in Wizzay’s network of lenders usually conduct alternative verification instead of standard credit checks, such as:

    • Employment verification
    • Income verification
    • Bank account stability checks
    • Identity verification

    Such lenders have stringent security measures, such as:

    • Data encryption
    • Secure application websites
    • Privacy protection
    • Regulatory compliance

      <<>>

    Risks and Downsides of $255 Payday Loans

    Payday loans can offer vital emergency funds, but there are possible disadvantages, such as:

    • Higher charges than standard loans
    • Short payoff timeframes
    • Potential for renewal cycles if not paid on time
    • Not ideal for long-term money problems

    Responsible borrowers should have a solid repayment plan before taking any loan.

    What Does a Direct Lender Do That Other Lenders Don’t?

    When you utilize Wizzay, you are matched with direct lenders instead of brokers. This difference provides several benefits:

    • No Intermediary Fees: No extra broker fees
    • Faster Processing: Direct contact with the true funding source
    • More Transparent Terms: Deal directly with the entity setting loan conditions
    • Simplified Communication: Single point of contact throughout the loan process
    • Greater Security: Less sharing of personal information between multiple parties
    • Direct Accountability: The lender is fully responsible for all aspects of your loan

    These benefits make direct lenders through Wizzay’s platform preferable to working with loan brokers or matching services that may add costs and complexity.

    Comparing the Best Payday Loans and Direct Lenders Online

    Wizzay differentiates itself from others by providing:

    • Larger lender network for more loan choices
    • Higher approval rates for approved applicants
    • More fair fee structures
    • Improved customer service ratings
    • Faster average funding times

    <<>>

    $255 Payday Loan Direct Lender vs. Broker: Which is Better?

    You’ll find both direct lenders and brokers when you’re looking for a $255 payday loan. Knowing the difference makes the right choice:

    Direct Lenders (available on Wizzay):

    • Advise and finance loans directly from their own funds
    • Establish their own terms and interest rates
    • Take applications and make approvals
    • Service all parts of the loan
    • Have direct contact with borrowers

    Brokers:

    • Match borrowers with several prospective lenders
    • Charge fees for matching services
    • Disclose your details to many lenders
    • May lack insight into final loan terms
    • Create an additional step in the communication process

    For the majority of borrowers looking for speed and simplicity, direct lenders via Wizzay’s marketplace generally provide an improved experience with less hassle and intermediary fees.

      <<< Bad Credit? No Problem – Wizzay Offers $255 Loans with No Credit Check>>>

    Alternatives to $255 Payday Loans for Bad Credit Borrowers

    Instead of getting a payday loan, try these options:

    • Installment loans: Extended repayment schedules with lower payments
    • Credit unions or community lenders: Usually provide cheaper emergency loans
    • Borrowing from friends/family: Usually interest-free, but can put a strain on relationships
    • Payday advance apps: More recent services offering advances on earned wages

    What to Know Regarding Payday Loan Direct Lenders

    When using direct lenders in collaboration with Wizzay’s platform, note the following guidelines:

    • Check if the lender is licensed in your state
    • Check your state’s payday loan rate and fee caps
    • Check if loan rollovers are permitted in your area
    • Get a sense of how a lender handles late or skipped payments
    • See how your financial and personal data will be handled
    • Compare customer feedback with specific lenders
    • Assess responsiveness and quality

    Wizzay screens its lending partners, but it’s even better to do your own research.

    Tips to Get Same Day Approval and Funding

    To get the best opportunity for same-day funding:

    • Use early in the morning (before 10 am local time)
    • Have all documentation prepared before applying
    • Verify all application details for accuracy
    • Answer quickly to any verification requests
    • Read and accept the terms speedily when approved

       <<>>

    Payday Loan Same Day Near Me: Where to Find Same Day Payday Loans No Credit Check?

    Rather than going to traditional retail stores, Wizzay allows you to access same-day payday loans anywhere in California. Just apply online, get instant matching, and pick up your cash quickly — all from the comfort of your own home.

    Final Thoughts – Should You Apply for a $255 Payday Loan Online Today?

    $255 direct lender payday loans with Wizzay can be a source of crucial money in times of urgency if used sensibly. These loans are best suited when:

    • You are confronting a serious financial crisis
    • You have already tried cheaper alternatives
    • You have a definite strategy to pay on your subsequent payday
    • The effect of not having money immediately would be more expensive

    If your case fits the above-mentioned, Wizzay provides a safe, convenient platform through which you can get in touch with reliable direct lenders who can advance the emergency funds you require with same-day approval and disbursement.

    Frequently Asked Questions

    How can I get $1000 today?

    You may take out a $1000 payday loan using online marketplaces such as Wizzay, where you are connected with direct lenders that grant same-day financing upon approval.

    Can I borrow money online instantly?

    Yes, you can borrow money online with practically instantaneous approval using payday loan sites, although delivery of funds is subject to your bank’s processing period.

    Are payday loans legal in California?

    Yes, payday loans are legal in California under certain rules capping them at $300 maximum loan value (including fees) and a 15% maximum fee of the face value of the check.

    How to get a loan when no one will approve you?

    Look to payday lenders that place less emphasis on credit scores than income verification, look into secured loan alternatives, attempt credit unions with less stringent requirements, or look into payday alternative loans.

    Where is the easiest place to get a payday loan with bad credit?

    Online lending websites such as Wizzay that are designed to match borrowers with direct lenders who care less about credit history and more about income stability are usually the simplest places to obtain payday loans with bad credit.

    How to borrow $500 quickly?

    To take out a $500 loan fast, request an online payday loan via websites such as Wizzay, opt for cash advance apps, take out pawn loans, or ask for a small personal loan from credit unions with same-day approval.

    Do payday loans get denied?

    Yes, payday loans can be denied if you fail the fundamental requirements, such as minimum income levels, do not have proper identification, have existing payday loans, or give conflicting information on your form.

    Media Details:

    https://www.wizzay.com

    support@Wizzay.com

    Customer Acquisition LLC, Springates Building, Lower Government Road, Charlestown,

    Attachment

    The MIL Network

  • MIL-OSI: No Credit Check Loans: Small Payday & Emergency Loans from Direct Lenders for Bad Credit – ( Guaranteed Approval Loans ) – HonestLoans

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, May 21, 2025 (GLOBE NEWSWIRE) —

    Are you in search of funds but concerned about your credit history? No credit check loans may be just the thing for you. No credit check loans are specially crafted for those who have bad credit history or do not wish to have their credit score impacted by hard inquiries. In this detailed guide, we will cover all you want to know about no credit check loans and why HonestLoans is the finest option in this field.

    Why HonestLoans Is The Best Option For No Credit Check Loans

    In the case of no credit check loans, Honest Loans beats other options for several reasons. With a huge network of reliable direct lenders, Honest Loans makes sure that borrowers find themselves connected with lenders who have expertise in offering loans without conventional credit checks.

    Honest Loans provides:

    • Easy and quick application process
    • High approval rates for all credit histories
    • Transparent fee structure with no hidden fees
    • Rapid funding, usually within 24 hours or shorter
    • Multiple loan options to cater to different financial situations

    Unlike most other loan-matching services, HonestLoans values customer satisfaction and financial health, earning them the top preference for acquiring a loan with no credit check from a direct lender.

     <<< Get Your Emergency Loan Today – No Credit Check, Guaranteed Approval with HonestLoans>>>

    Understand No Credit Check Loans | Loans Without Credit Checks, Guaranteed Approval From Direct Lender

    What Is A No Credit Check Loan?

    A no credit check loan is a product where the lender will not do a standard “hard pull” of your credit history at the time of application. Rather than considering your credit score, lenders consider other items like:

    • Current income level
    • Job stability
    • Bank account status and activity
    • Debt-to-income ratio
    • Alternative data points

    These loans are tailored for borrowers with bad credit records, thin credit histories, or who do not wish to incur further hard inquiries on their credit reports.

    What Kind Of Loans Don’t Need A Credit Check?

    A number of loan types usually don’t need traditional credit checks:

    • Payday Loans: Short-term, high-interest loans based on your pay
    • Title Loans: Secured loans using your car as collateral
    • Pawn Shop Loans: Secured loans tied to the value of things you lend temporarily
    • Some Installment Loans: More long-term loans with fixed installments that emphasize income verification
    • Cash Advances: Short-term loans against future income or available credit card limits
    • Some Personal Loans: Some alternative lenders provide personal loans without credit checks

    Each of these types of loans has its own merits, needs, and cost factors. HonestLoans allows the borrower to know which type is the best for their own particular financial circumstances.

     <<>>

    How Do Loans With No Credit Check Work?

    No credit check loans are different from bank loans:

    • Application: Fill out simple personal and financial details on the internet via sites such as HonestLoans
    • Verification: Your identity, income, and banking details are confirmed by lenders
    • Alternative Assessment: Rather than credit checks, lenders consider such things as income stability and banking history
    • Approval Decision: Be given a lending decision, often in minutes
    • Loan Agreement: Sign off and agree to the loan terms and conditions
    • Funding: Get paid through direct deposit, often within one business day or sooner

    The whole process is intended to be fast and accessible, particularly for people who could be denied such traditional banking services as a result of credit history problems.

    1 Hour Payday Loans Online No Credit Check Instant Approval From HonestLoans

    For emergency financial needs, 1 hour payday loans provide a savior. HonestLoans puts you in touch with lenders that offer instant approval—at times in under an hour.

    Main features of HonestLoans

    HonestLoans is unique in the no credit check loans market with a number of key features:

    • Friendly Platform
    • 256-bit Encryption
    • Free Service
    • Extensive Lender Network
    • Clear Process
    • Educational Content
    • Good Customer Support
    • Fast Results
    • 24/7 application availability
    • Real-time matching with direct lenders
    • Funds paid through ACH or prepaid card
    • No paperwork or faxing
    • Minimal documentation – ID and proof of income

    These elements work together to provide a hassle-free borrowing process that ranks your financial security and needs first.

     <<< Need Fast Cash for an Emergency? Get a No Credit Check Loan Today from HonestLoans>>>

    How HonestLoans’ Direct Lender Network Ensures No Denial Loans without credit checks

    In contrast to conventional financial institutions, HonestLoans utilizes a direct lender network that focuses on bad credit and no credit profiles. This decreases the possibility of rejection by matching you with a lender who can accommodate your individual financial profile.

    Why Honestloans Provides Guaranteed Approval Payday Loans Without Credit Check For Bad Credit?

    Although no loan is technically “guaranteed,” HonestLoans increases your chances of approval by:

    • Soliciting non-hard credit checks
    • Sourcing alternative income verification
    • Skipping conventional underwriting models
    • Offering alternatives for self-employed and part-time employees

    Advantages Of Using HonestLoans for Emergency Loans For Bad Credit

    In the event of a financial emergency with poor credit, Honest Loans provides several benefits:

    • Easy application process
    • Good approval rating for bad credit customers
    • Rapid funding, in some cases within 1 hour
    • No collateral needed
    • Clear loan terms

    These advantages make Honest Loans an ideal option for anyone in need of emergency funding irrespective of credit issues.

     <<>>

    HonestLoans’ Application and Funding Process – 1 Hour Payday Loans Online No Credit Check Instant Approval

    HonestLoans simplifies the loan process to obtain funds in the shortest time possible:

    • Go to the Honest Loans website
    • Complete the application form (around 3 minutes)
    • Compare lender deals
    • Digitally agree to terms
    • Fund received in as fast as 60 minutes

    This streamlined process allows borrowers in emergency situations to obtain funds when they are most in need, without delay or burdensome paperwork.

    Various Alternatives Provided for for Small Payday Loans Online With No Credit Check By HonestLoans

    HonestLoans provides borrowers with a range of small loan alternatives, including:

    • Traditional Payday Loans
    • Installment Payday Loans
    • Tribal Loans
    • Flex Loans
    • Cash Advances
    • Bad Credit Personal Loans
    • Paycheck Advances
    • $100 – $500 loans
    • Weekly or biweekly payment plans
    • Optional rollover or extended terms

    This diversity of loan offerings allows borrowers to locate the particular loan product which most closely matches their individual financial profile and repayment capabilities.

     <<< HonestLoans Has You Covered – Get Direct Lender Emergency Loans with No Credit Checks>>>

    Honest Loans’s No Credit Check Options vs. Traditional Loans

    HonestLoans offers a faster, easier option to banks, especially if you have bad credit.

    Let’s compare the important aspects:

    • Credit: Banks always pull credit. HonestLoans does not, so it’s easier to qualify.
    • Speed: Bank loans take days to receive. HonestLoans approves and deposits your loan within the hour.
    • Eligibility: Banks require good credit and a steady job. HonestLoans considers your income, number of active bank accounts, and not credit history.
    • Loan Amounts: Bank loans are large loans with long repayment terms. HonestLoans offers $100-$1000 short-term loans (today).
    • Application: Bank loan applications take forever. HonestLoans is online and takes minutes to complete.

    HonestLoans is the more convenient option if you want quick, easy financing when traditional financing is not available.

    Features And Benefits Of No Credit Check Loans With Guaranteed Approval From Direct Lender

    No credit check guaranteed approval loans provided by direct lenders possess various important features and advantages that benefit many borrowers:

    Important Features:

    • Direct funding source with no intermediaries
    • Streamlined application process
    • Income-focused instead of credit-based
    • Transparency in fee structure
    • Fast funding term
    • Simple repayment terms

    These features and advantages come together to produce a financial product that benefits those who are usually skipped by conventional banking organizations.

     <<< Bad Credit? No Problem – Get Quick, Hassle-Free Loans from HonestLoans Today>>>

    Eligibility Criteria for Loans Without Credit Check For Borrowers With Poor Credit History

    Although no credit check loans are easier to obtain than regular loans, borrowers must still satisfy basic criteria:

    • Regular Income: Regular source of income (job, benefits, etc.)
    • Active Bank Account: Active check account in good standing for receiving loan funds
    • Age Requirement: At least 18 years old (19 in certain states)
    • Identification: Valid government-issued photo ID
    • Contact Information: Current phone number and email address
    • Residency: U.S. citizenship or permanent residency
    • No Outstanding Payday Loans: Previous payday loans need to be paid in full

    Satisfying these conditions also greatly enhances your chances of loan approval even with bad credit history. HonestLoans cooperates with lenders who are more interested in these factors than with conventional credit scores.

    Various Types of Emergency Loans | Instant Payday Loans For Bad Credit No Credit Check

    Personal Loans

    Bad credit personal loans are unsecured loans with the following characteristics:

    • Amounts ranging from $500 to $5,000
    • Payback periods ranging from months to years
    • Fixed rates and consistent payments
    • Funds used for any expense
    • Possible reporting to credit bureaus to establish or rebuild credit

    Credit Card Cash Advances

    Cash advances permit borrowing against available credit card lines:

    • Instant access via ATMs or banks
    • No separate application process
    • Available up to your cash advance limit
    • Higher interest rates than standard purchases
    • Additional cash advance fees typically apply

      <<< Get Your Emergency Loan Today – No Credit Check, Guaranteed Approval with HonestLoans>>>

    Payday Loans

    Payday loans are short-term loans due on your next payday:

    • Typically $100 to $1,000
    • Very short terms (2-4 weeks)
    • Higher interest rates
    • Simple qualification requirements
    • Fast funding (same-day or next-day)
    • Based primarily on income verification

    Title Loans

    Title loans use your vehicle as collateral:

    • Loan amount based on vehicle value (25-50%)
    • Must own vehicle outright
    • Continue driving while repaying
    • Higher loan amounts than unsecured options
    • Longer repayment terms possible
    • Risk of vehicle repossession if unable to repay

    Paycheck Advances

    Paycheck advances offer early access to wages earned:

    • Access portion of wages prior to payday
    • Lower fees than regular payday loan
    • Often through employer program or app
    • Repayment automatically taken from paycheck
    • No credit check needed
    • Limited to amount already earned

      <<>>

    Urgent Loans For Bad Credit: How Long Does It Take to Get Approved?

    With bad credit, timing is everything when dealing with a financial emergency. Here’s what the approval timeframe looks like:

    • Application: 5-10 minutes to finish
    • Initial Decision: Typically instant to 15 minutes
    • Documentation Verification: 1-24 hours
    • Final Approval: As fast as 1 hour, usually within 24 hours
    • Funding: Some lenders provide 1-hour funding, others 24 hours

    HonestLoans partners with lenders who value speed, with most providing same-day approval and financing for approved borrowers.

    Payday Loans Online No Credit Check Instant Approval

    No credit check payday loans online with instant approval have transformed emergency lending by not only making the process quicker and more convenient than ever but also allowing us to disburse funds faster.

    Schedule for Quick Loans No Credit Check Disbursement

    Standard fund disbursement schedule:

    • Same Business Day: Applications received prior to 10:30 AM
    • Next Business Day: Applications received after cut-offs
    • Weekend Requests: Typically processed Monday (weekend funding provided by some lenders)
    • Bank Processing: Depends on the bank

    1 Hour Payday Loans Online No Credit Check Instant Approval

    For the quickest funding, the process is as follows:

    • Fill out HonestLoans’ quick application
    • Get instant pre-qualification
    • Send verification documents online
    • Get final approval, usually in minutes
    • Get funds via expedited bank deposit

      <<< Need Fast Cash for an Emergency? Get a No Credit Check Loan Today from HonestLoans>>>

    $255 Payday Loans Online Same Day

    These typical small loans provide:

    • Protection for small emergency costs
    • Simpler qualification terms
    • Faster approval process
    • Same-day funding when applied early
    • Less intimidating repayment amounts

    Pros and Cons of No Credit Check Loans

    As with any financial product, no credit check loans have benefits and drawbacks that are worth considering by the borrower.

    Pros:

    • Available to bad credit holders
    • Rapid application and funding
    • Low documentation needed
    • No hard credit checks
    • For use in multiple kinds of emergencies
    • Can prevent late charges or disconnection of services

    Cons:

    • Increased interest and fees
    • Repayment periods are shorter
    • Risk of debt cycle trap
    • May not establish credit if not reported
    • Smaller loan amounts than traditional ones
    • Predatory lenders exist in the industry

    Some predatory lenders target susceptible borrowers (that is why operations like HonestLoans are worth it)

    No Credit Check Loan Scenario in the USA

    The business landscape consists of:

    • Around 12 million Americans utilize payday loans every year
    • More than 23,000 payday lenders have business in the country
    • State laws differ significantly
    • Online lending opened up access beyond locations
    • Average payday loan amount is roughly $375

    HonestLoans operates within this environment by matching borrowers with solid lenders that work within regulations while ensuring fair terms.

      <<>>

    Alternatives to Small Payday Loans Online No Credit Check and Urgent Loans No Credit Check

    Alternatives to mainstream small payday loans:

    • Installment Microloans: Smaller loans with several payments
    • Cash Advance Apps: Mobile apps for wage advances
    • Credit Union Payday Alternative Loans: Less expensive alternatives
    • Small Personal Loans: Mainstream lenders with less restrictive requirements
    • Family and Friend Loans: Private loan sources

    $500 Cash Advance No Credit Check Loans

    The $500 cash advance is in demand because it:

    • Pays for most typical emergencies
    • Provides affordable payment sizes
    • Is easily accessible from many lenders
    • Typically offers same-day loans
    • Usually asks for $1,000-$1,500 monthly income

    Emergency Loans No Credit Check

    Emergency no credit check loans assist when:

    • Medical conditions need to be paid immediately
    • Car repairs are necessary for work commute
    • Repairs for the home are needed for safety
    • Critical utilities threaten disconnection
    • Other immediate needs loom in the financial future

    Some Risk-Free Alternatives to No Credit Check Loans

    Although no credit check loans have a valuable function, customers should think about these likely lower-cost options:

    Secured Loans

    Secured loans employ collateral to limit lender risk:

    • Less than unsecured rates
    • More available amount of money
    • Longer time to repay
    • Access through traditional credit unions and banks
    • Possibility of losing collateral if cannot repay

      <<< Need Fast Cash for an Emergency? Get a No Credit Check Loan Today from HonestLoans>>>

    Credit Unions

    Credit unions tend to be more flexible in lending:

    • Member-oriented approach
    • Payday Alternative Loans with caps on lower rates
    • More individualized assessment
    • Financial literacy tools
    • Opportunity to develop positive relationships
    • Demand membership (typically with small fees)

    Peer-to-Peer Lending

    P2P websites bring borrowers together with individual investors:

    • Consider non-credit score factors
    • Competitive rates for most borrowers
    • Flexible qualification
    • Transparent fee practices
    • Diverse loan amounts and durations
    • Easier application process

      <<< HonestLoans Has You Covered – Get Direct Lender Emergency Loans with No Credit Checks>>>

    What Are the Risks of No Credit Check Loans?

    No credit check borrowers must be aware of some possible dangers:

    • Exorbitant prices (interest rates and fees)
    • Short payment periods putting pressure
    • Possible cycles of debt
    • Predatory lenders preying on vulnerable borrowers
    • Differing state laws and consumer protections
    • Limited opportunity to build credit
    • Access to bank account for automatic debit

    Engaging in reputable services such as HonestLoans reduces these risks by linking borrowers with responsible lenders.

    How to Apply for No Denial Payday Loans Direct Lenders Only With No Credit Check?

    The process of application for no denial payday loans by direct lenders is simple:

    1. Gather Required Information:

    • Government ID
    • Proof of income
    • Active checking account info
    • Social Security Number
    • Contact details

    2. Select a Reputable Platform:

    • HonestLoans matches you with reliable direct lenders
    • Free service with no obligation
    • Personal info is secure using encryption

    3. Complete Application:

    • Enter personal and financial information
    • Enter amount of loan desired
    • Enter employment details
    • Enter banking information for funds transfer

    4. Review Offers:

    • Compare offers from various lenders
    • Watch for APR, fees, and terms of repayment
    • Look for hidden fees

    5. Accept Loan Terms:

    • Read the whole loan contract
    • Have questions answered about anything that is unclear
    • E-sign the contract

    6. Receive Funds:

    • Direct deposit into your bank account
    • Funding times from 1 hour to 1 business day

    Why Go For No Credit Check Loans?

    These loans serve important purposes:

    • Perfect for those with damaged credit histories
    • Faster than traditional loans during emergencies
    • Simple online application available 24/7
    • Accessible to those excluded from traditional banking
    • Private way to handle financial challenges
    • Avoid hard inquiries that damage credit scores
    • Bridge financial gaps between paychecks
    • Address urgent situations without delay

    How to Find a Reputable No Credit Check Loan Direct Lender?

    Search for lenders with:

    • Transparent fee terms and clear charges
    • Regulatory compliance
    • Good customer feedback
    • Secure sites (https)
    • Solid history
    • Membership in industry associations
    • Educational materials
    • No charges upfront

    Steer clear of lenders displaying:

    • Guaranteed approval with no conditions
    • High-pressure tactics
    • Sneaky charges or ambiguous charges
    • No address or contact information
    • Requests for unconventional payment options
    • Very high interest charges

    HonestLoans pre-screens their network of direct lenders to guarantee they are held to high standards for good lending practices.

    Where to Find The Best No Denial Payday Loans From Direct Lenders Only With No Credit Check?

    When looking for no denial payday loans from direct lenders with no credit checks, HonestLoans is the best choice for a variety of reasons:

    • Large lender pool boosting chances of approval
    • Vigorous lender screening guaranteeing ethical practices
    • No-charge service with no platform fee
    • Bank-level protection safeguarding your data
    • Easy application process
    • Educational materials to make informed decisions
    • Friendly customer support
    • Clear terms prior to commitment

      <<< Need Fast Cash for an Emergency? Get a No Credit Check Loan Today from HonestLoans>>>

    Final Words

    No credit check loans offer useful money solutions to persons with credit issues or crises that have to be addressed immediately. Although loans do generally incur more expense compared to conventional lending, they play a necessary role in the financial system by making available funds to persons who would otherwise have no alternative.

    For individuals requiring rapid access to funds without the usual credit checks, HonestLoans provides a trusted, secure portal linking borrowers directly with established direct lenders. Transparency, security, and customer education are their top priorities, and for this reason, they are the best in the no credit check loan market.

    Frequently Asked Questions

    Can I borrow money without a credit check?

    Yes, many online lenders such as HonestLoans offer loans based on your income rather than your credit score.

    Which loan does not require a credit check?

    Payday loans, cash advances, and certain personal installment loans typically don’t involve a credit check.

    How to get instant loan 50000 with low CIBIL score?

    Try to apply with lenders who consider income over credit history or opt for secured loans like HonestLoans.

    What is the easiest loan to get with no credit?

    Cash loans or payday loans are typically the quickest if you have no credit history.

    How can I get a loan in 1 hour?

    Search for lenders online such as HonestLoans that provide fast approvals and can make transfers in an hour.

    Can I get a loan with a 450 credit score in USA?

    Yes, your best option would be no credit check lenders or those who take other factors into consideration such as your income.

    Media Details:

    www.honestloans.net

    • Company: Honest Loans
    • Phone: 888-718-9134
    • Email: support@onlineloannetwork.com

    Attachment

    The MIL Network

  • MIL-OSI: Invesco Ltd: Form 8.3 – Adriatic Metals plc.; Opening Position disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Full name of discloser: Invesco Ltd.
    (b)        Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Adriatic Metals plc
    (d)        If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)        Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    20.05.2025
    (f)        In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    Yes; Dundee Precious Metals Inc.

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: GBP 1p ordinary GB00BL0L5G04
      Interests Short positions
      Number % Number %
    (1)        Relevant securities owned and/or controlled: 1,189,639 0.34    
    (2)        Cash-settled derivatives:        
    (3)        Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    1,189,639 0.34    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)        Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    AUD Depository Receipt AU0000004772 Sale 200,000 3.72 AUD

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
     

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 21.05.2025
    Contact name: Philippa Holmes
    Telephone number*: +441491417447

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI: Invesco Ltd: Form 8.3 – Dundee Precious Metals Inc.; Opening Position disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Full name of discloser: Invesco Ltd.
    (b)        Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Dundee Precious Metals Inc.
    (d)        If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)        Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    20.05.2025
    (f)        In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    Yes; Adriatic Metals plc

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: CA2652692096
      Interests Short positions
      Number % Number %
    (1)        Relevant securities owned and/or controlled: 2,278,928 1.35%    
    (2)        Cash-settled derivatives:        
    (3)        Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    2,278,928 1.35%    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)        Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
           

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
     

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 21.05.2025
    Contact name: Philippa Holmes
    Telephone number*: +441491417447

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI United Kingdom: Reeves must resign over second wave of austerity

    Source: Scottish Greens

    Patrick Harvie calls for UK to take action on Israeli aid blockade

    Israeli forces must urgently allow aid to reach extremely vulnerable children, says Scottish Greens Co-Leader Patrick Harvie MSP, ahead of a Parliamentary committee hearing from aid agencies working in Gaza and the West Bank.

    It comes after warnings yesterday from the United Nations that 14,000 babies could die in Gaza unless extra aid arrived. Israel claims to have ended their 11-week aid blockade of Gaza, but the UN has warned that the aid trucks allowed in so far are just a “drop in the ocean” compared to what Gaza needs.

    Scottish Greens have continually called for the UK & Scottish Governments to end complicity in the war crimes being committed by Israel.

    The Labour UK Government has provided more arms to Israel in three months than the previous three years under Conservative governments, and the SNP Scottish Government have continued to fund arms manufacturers who produce parts for the F-35 fighter jets which have been used by Israel.

    Scottish Greens Co-Leader Patrick Harvie MSP said:

    “The situation in Gaza is unprecedented in modern times, with the world allowing Israel to inflict  collective punishment on a grotesque scale. Aid blockades and genocide are never acceptable yet governments across the West have overlooked Israel’s war crimes.

    “Israeli forces have withheld urgent aid from civilians for over 11 weeks, and despite their claims to be allowing aid into Palestinian territory, we have heard from the front lines that what is being allowed to enter is nowhere near enough.

    “Senior Ministers in the Israeli Government are quite explicit about their intention to destroy Palestinian life in Gaza, and their utter contempt for international law.

    “The UK Labour Government have blood on their hands, they have continued to enable and support Israel’s war crimes throughout this disgraceful campaign. They must now surely end all trade with Israel, and join with other countries to ensure that urgent aid is provided to meet the immediate needs of the people of Gaza.”

    MIL OSI United Kingdom

  • MIL-OSI Global: Israel has promised ‘basic amount’ of food into Gaza − but its policies have already created catastrophic starvation risk for millions

    Source: The Conversation – Global Perspectives – By Yara M. Asi, Assistant Professor of Global Health Management and Informatics, University of Central Florida

    Palestinians wait in line to receive meals in the Jabalia refugee camp in Gaza City, Gaza, on May 17, 2025. Mahmoud ssa/Anadolu via Getty Images

    After 18 months of punishing airstrikes, raids and an increasingly restrictive siege in Gaza, the United Nations on May 20, 2025, issued one of its most urgent warnings yet about the ongoing humanitarian crisis: an estimated 14,000 babies were at risk of death within the next 48 hours without an immediate influx of substantial aid, especially food.

    The assessment came a day after Israel allowed the first trickle of aid back into Gaza following its nearly three-month total blockade imposed on March 2. But on the first day of that resumption, the U.N. Office for the Coordination of Humanitarian Affairs reported that only nine trucks were allowed into Gaza, when around 500 are required every day. The U.N. called it “a drop in the ocean of what is urgently needed.”

    As an expert in Palestinian public health, I and others have long warned about the potentially devastating humanitarian consequences of Israel’s military response to the Hamas attacks of Oct. 7, 2023, given the preexisting fragility of the Gaza Strip and Israel’s history of controlling humanitarian aid into the territory. Many of those worst-case humanitarian predictions have now become reality.

    Israel’s control of food and aid into Gaza has been a consistent theme throughout the past 18 months. Indeed, just two weeks after Israel’s massive military campaign in the Gaza Strip began in late 2023, Oxfam International reported that only around 2% of the usual amount of food was being delivered to residents in the territory and warned against “using starvation as a weapon of war.”

    Yet aid delivery continues to be inconsistent and well below what was necessary for the population, culminating in a dire warning by U.N. experts in early May that “the annihilation of the Palestinian population in Gaza” was possible without an immediate end to the violence.

    Putting Palestinians ‘on a diet’

    Already, an estimated near 53,000 Palestinians have died and some 120,000 have been injured in the conflict. Starvation could claim many more.

    Amid the broader destruction to lives and infrastructure, there is now barely a food system to speak of in Gaza.

    Since October 2023, Israeli bombs have destroyed homes, bakeries, food production factories and grocery stores, making it harder for people in Gaza to offset the impact of the reduced imports of food.

    A handful of trucks loaded with humanitarian aid for the Gaza Strip are seen at the Kerem Shalom crossing in southern Israel on May 20, 2025.
    AP Photo/Maya Alleruzzo

    But as much as things have worsened in the past 18 months, food insecurity in Gaza and the mechanisms that enable it did not start with Israel’s response to the Oct. 7 attack by Hamas.

    A U.N. report from 2022 found that 65% of people in Gaza were food insecure, defined as lacking regular access to enough safe and nutritious food.

    Multiple factors contributed to this preexisting food insecurity, not least the blockade of Gaza imposed by Israel and enabled by Egypt since 2007. All items entering the Gaza Strip, including food, became subject to Israeli inspection, delay or denial.

    Basic foodstuff was allowed, but because of delays at the border, it could spoil before it entered Gaza.

    A 2009 investigation by Israeli newspaper Ha’aretz found that foods as varied as cherries, kiwi, almonds, pomegranates and chocolate were prohibited entirely.

    At certain points, the blockade, which Israel claimed was an unavoidable security measure, has been loosened to allow import of more foods. In 2010, for example, Israel started to permit potato chips, fruit juices, Coca-Cola and cookies.

    By placing restrictions on food imports, Israel has claimed to be trying to put pressure on Hamas by making life difficult for the people in Gaza. “The idea is to put the Palestinians on a diet, but not to make them die of hunger,” said one Israeli government adviser in 2006.

    To enable this, the Israeli government commissioned a 2008 study to work out exactly how many calories Palestinians would need to avoid malnutrition. The report was released to the public only following a 2012 legal battle. Echoes of this sentiment can be seen in the Israeli decision in May 2025 to allow only “the basic amount of food” to reach Gaza to purportedly ensure “no starvation crisis develops.”

    The long-running blockade also increased food insecurity by preventing meaningful development of an economy in Gaza.

    Displaced Palestinians fleeing amid ongoing Israeli military operations in the Gaza Strip arrive in Jabalia in northern Gaza on May 18, 2025.
    AP Photo/Jehad Alshrafi

    The U.N. cites the “excessive production and transaction costs and barriers to trade with the rest of the world” imposed by Israel as the primary cause of severe underdevelopment in the occupied territories, including Gaza. As a result, in late 2022 the unemployment rate in Gaza stood at around 50%. This, coupled with a steady increase in the cost of food, made affording food difficult for many Gazan households, rendering them dependent on aid, which fluctuates frequently.

    Hampering self-sufficency

    More generally, the blockade and the multiple rounds of destruction of parts of the Gaza Strip have made food sovereignty in the territory nearly impossible.

    Even prior to the latest war, Gaza’s fishermen were regularly shot at by Israeli gunboats if they ventured farther in the Mediterranean Sea than Israel permits. Because the fish closer to the shore are smaller and less plentiful, the average income of a fisherman in Gaza has more than halved since 2017.

    Much of Gaza’s farmland has been rendered inaccessible to Palestinians as a result of post-October 2023 actions by Israel.

    And the infrastructure needed for adequate food production – greenhouses, arable lands, orchards, livestock and food production facilities – has been destroyed or heavily damaged. International donors hesitate to rebuild facilities, knowing they cannot guarantee their investment will last more than a few years before being bombed again.

    The latest ongoing siege has only further crippled the ability of Gaza to be food self-sufficient. By May 2025, nearly 75% of croplands had been destroyed, along with significant amounts of livestock. Less than one-third of agricultural wells used for irrigation remain functional.

    Starvation as weapon of war

    The use of starvation as a weapon is strictly forbidden under the Geneva Conventions, a set of statutes that govern the laws of warfare. Starvation has been condemned by U.N. Resolution 2417, which decried the use of deprivation of food and basic needs of the civilian population and compelled parties in conflict to ensure full humanitarian access.

    Human Rights Watch has already accused Israel of using starvation as a weapon of war, and Amnesty International called the most recent siege evidence of genocidal intent.

    The Israeli government in turn continues to blame Hamas for any loss of life in Gaza and has increasingly made clear its aim for Palestinians to leave Gaza entirely.

    Israeli Prime Minister Benjamin Netanyahu has said publicly that Israel was permitting aid now only because allies were pressuring him over “images of mass famine.” This stance suggests that Israel will not soon increase aid beyond what his government deems politically acceptable.

    While there is more evidence than ever before that Israel is using food as a weapon of war, there is also, I believe, ample evidence that this was the reality long before Oct. 7, 2023.

    In the meantime, the implications for Palestinians in Gaza have never been more dire.

    Already, the World Health Organization estimates that 57 children have died from malnutrition just since the beginning of the March 2, 2025, blockade.

    More death is certain to follow. On May 12, the Integrated Food Security Phase Classification, a global system created to track food insecurity, released an alarming report on projections of food insecurity in Gaza.

    It warned that by September 2025, half a million people in Gaza – 1 in 5 of the population – will be facing starvation and that the entire population will experience acute food insecurity at crisis level, or worse.

    Editor’s note: Parts of this story were originally contained in an article published by The Conversation U.S. on Feb. 15, 2024.

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

    ref. Israel has promised ‘basic amount’ of food into Gaza − but its policies have already created catastrophic starvation risk for millions – https://theconversation.com/israel-has-promised-basic-amount-of-food-into-gaza-but-its-policies-have-already-created-catastrophic-starvation-risk-for-millions-257181

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Flies, crossbows and comics: novel counter terrorism innovation

    Source: United Kingdom – Executive Government & Departments

    Case study

    Flies, crossbows and comics: novel counter terrorism innovation

    Nine projects, ranging from whether flies can detect explosives to how comics can reduce radicalism and how much of a risk crossbows are, were showcased.

    More than 100 people attended the third University Innovation Concept event exploring ways in which cutting-edge research, often in unexpected areas, can help fight terrorism. 

    Nine fascinating and thought-provoking projects, ranging from whether flies can detect explosives (yes!) to how comics can reduce radicalism, and how much of a terrorism risk crossbows are, were on display at a showcase at the Open University in Milton Keynes, in which the Accelerated Capability Environment (ACE) was a proud partner. 

    Researchers and delegates were welcomed by Inspector Liam Cahill, Innovation Domain Lead at the Counter Terrorism Research Lab (CTRL), and Open University professors Arosha K Bandara and Eleanor Crabb. Annette Southgate, Head of ACE, then took to the stage to stress the importance of work and innovative collaboration such as this to “getting ahead of some of the people that are trying to cause us harm”. 

    Iain Harrison, Director of Digital, Data, Analysis & Technology at Counter Terrorism Policing, explained the rigorous process, supported by ACE, that began with 62 proposals from 28 different universities, which were then reviewed and whittled down to the nine stimulating ideas on display at the showcase event. 

    Bringing academia and Counter Terrorism Policing together 

    The projects that had been explored over 12 weeks of intensive research were showcased across three themes: 

    THEME ONE: Radicalisation and Interventions 

    First to present were a team from Anglia Ruskin University, on the topic of Exploring the Impact of Critical World Events on Extremist Misinformation Network (2020-24). This involved analysing 240 posts from four major platforms to understand how extremist groups exploit global crises on popular social media platforms, using hashtags and multiple forms of misinformation to amplify uncertainty and try and recruit new audiences. It also looked to pinpoint potential novel ways to intervene in this process. 

    Next up were a team from Cranfield University, analysing how social media content algorithms respond to user interactions within specific topics, to answer the question of Can Social Media Algorithms Radicalise? This pilot was designed to quantify if user behaviours such as watching or liking videos influenced a popular platform’s algorithm, and to what extent. The conclusion was that the algorithm could be influenced to provide more content around a particular theme, but it is not yet clear how long this influence lasts. 

    The final presentation in this first session was from the University of Liverpool, exploring the topic of Graphic Novels to Enable Discussion and Promote Critical Thinking. This project involved creating a 46-page book containing four graphic novels on the topic of radicalisation, supported by front-line intervention practitioners, for use in educational strategies to encourage critical thinking. Comics were chosen because they are already popular worldwide, accessible and engaging as a format, and cheap to produce. 

    THEME TWO: Current Threats, Biosensors and Human Networks 

    After a break, another team from Cranfield University, that had been drawing big crowds in the breakout sessions for the four crossbows on display at their stand, spoke on their research into Crossbows: A Real and Current Threat. Against a background of increasing use of crossbows, which can legally be bought by anyone over the age of 18, in targeted incidents, this set out to examine the hit probability and wounding potential of four different systems, their reload times, and how these compared to current policing response times. The conclusions, from a variety of tests including depth of penetration and discharge rate, concluded that crossbows need to be considered a real and present threat for a marauding terrorist attack, because all of those tested have potential to cause significant injury, especially to unprotected organs. 

    Next up was another project that had the audience buzzing – research from a team at The Open University on Fruit Fly Biosensors: Leveraging Olfactory Responses for Detection of Explosives and Toxic Chemicals. This explored if fruit flies, which have exceptional sensitivity, could be used as biosensors to detect toxins, drug precursors and explosives. The answer was potentially yes – experiments with TNT found that exposure to the explosive led to a gradual but clear increase in fly attraction, indicating that fruit flies can detect it. Preliminary lab data also suggests starving the flies may enhance TNT detection speed. 

    The final project in this session was an explanation of a Dynamic Target Indicator Tool (D-TinT) developed by a team at the University of Exeter. This uses techniques from movement pattern analytics and social network analysis to identify the best indicators of links between nodes in a human network based on movement patterns over time. This enables a statistical and spatial mathematical model to be developed. The Tool also identifies what might be flagged as a vulnerable target – either person or place – which could allow counter terrorism stakeholders to test the impact of possible risk-reduction procedures. 

    THEME THREE: Emerging Technologies 

    The final session of a highly enjoyable day started with a team from Robert Gordon University in Aberdeen talking the audience through their research on Leveraging Artificial Intelligence (AI) to Identify and Prevent Terrorism in Prisons: Legislative Gaps and Technological Solutions. This analysed AI’s role in situational awareness and radicalisation prevention, explored how it could support existing counterterrorism efforts, evaluated legal and ethical readiness for AI to be deployed in this way, and proposed technical and legal reforms to enable the responsible use of AI technologies in prison settings. The conclusion of the research was that AI offers significant potential to enhance security and counter-radicalisation efforts in UK prisons. 

    Next, a scoping study of Augmented Reality and Terrorism was presented by Dr Richard Jones of Edinburgh Law School, part of the University of Edinburgh. Billing augmented reality as a “technology in search of a purpose”, his research explored both potential law enforcement applications, such as head-up real-time navigation and facial recognition of persons of interest, as well as how terrorists could use the same technology, for example to create video footage for propaganda purposes. It also looked at how this technology could evolve in the public domain. The research concluded that feasibility factors include device cost and availability as well as the level of required technological expertise, which is likely to fall, in addition to utility and whether it solves a problem. 

    The final presentation of the day was by a team from the University of Southampton on Exploiting Vulnerabilities in Autonomous Vehicle Systems for Terrorist Activity – Threats to UK Critical National Infrastructure. This focused on identifying vulnerabilities in autonomous vehicle systems amid increasing reliance on connected and automated vehicles, analysing how terrorists could exploit these to disrupt or control them. This could include by hijacking the vehicle controls or causing collisions via manipulating road signs. The conclusion was that proactive risk mitigation is paramount. 

    Following the event, Inspector Cahill said: “The University Innovation Concept (UIC) was conceived with the intention of bringing Counter Terrorism Policing and academia closer together to ensure operational decisions made by experienced and knowledgeable personnel are backed by science and academic rigour. 

    “The one-day showcase was also a fantastic opportunity for attendees to network, learn about ongoing research and potentially take learning back to their operational roles, and feedback has been extremely positive.”  

    Reflecting on the event, Professor Southgate said: “ACE is proud to support policing colleagues find new and creative ways of solving frontline mission problems through partnership with researchers from across a diversity of backgrounds and institutions.

    “Accessing diversity of thought, approach and experience helps us step back and consider more impactful and enduring ways of tackling existing and sometimes long-standing problems. 

    “We are keen to help identify and shine a light on brilliant academic work that can already help solve today’s mission problems; highlighting the difference this makes, help build relationships and continue encouraging our talented academic community to support frontline policing work.”

    Updates to this page

    Published 21 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Global: Why your electricity bill is so high and what Pennsylvania is doing about it

    Source: The Conversation – USA – By Hannah Wiseman, Professor of Law, Penn State

    Pennsylvanians can expect 10% to 20% increases in their electricity bills over the next three years. Gregory Rodriguez/iStock via Getty Images

    Americans’ electricity bills tend to tick up each year in line with inflation.

    But upgrades to electric wires, reinforcing and protecting power lines from severe weather, and changing fuel costs – among other factors – are sending rates soaring.

    High electricity consumption from data centers and other sources of rising demand will likely cause further increases in the near future.

    The impact on consumers is particularly dramatic in Pennsylvania, where rate hikes are widespread.

    For example, the monthly bill for a PECO residential customer who uses 700 kilowatt hours of electricity monthly increased 10% – or US$13.58 – in 2025. These bills will go up another $2.70 each month in 2026.

    Retail price adjustments approved by the Pennsylvania Public Utility Commission for most electric distribution utilities effective December 2024 led to higher bills for many customers across the state. In some parts of Pennsylvania, the estimated increases topped an estimated 30%.

    As professors who work in the areas of energy law and electricity markets, we know electricity costs are rising in many parts of the U.S.

    But Pennsylvania faces distinct challenges related to its electric grid – the maze of wires and generators – that drive both the growing demand for electricity and the limited supply.

    PJM and the electric grid

    Pennsylvania power plants produce a lot of electricity. In fact, the Keystone State is the the largest exporter of electricity in the U.S. and has been for many years.

    But the electricity Pennsylvania produces doesn’t always stay in state.

    That’s because Pennsylvania’s electric grid is managed by a company called PJM. PJM coordinates the flow of electricity through all or parts of 13 states and the District of Columbia, and it ensures the wholesale electricity transmission system operates reliably and safely.

    Pennsylvania electric utilities, such as PECO or Duquesne Light, then distribute this wholesale electricity to retail customers, including homeowners and renters.

    PJM requires the utilities to ensure ahead of time that they can meet their customers’ future electricity demands, including during heat waves and winter storms. This requirement is met using a market called a “capacity auction,” in which electricity suppliers bid to provide physical infrastructure that will generate electricity in the future.

    The prices at the 2025-2026 PJM capacity auction were more than 800% higher than the previous year, in part due to the growing demand for electricity within PJM. This amounts to tens of billions of dollars in extra costs.

    Power plants in Pennsylvania can’t simply stop exporting electricity and supply more in-state power because they dispatch their power into the regional grid operated by PJM, and the flow of electricity is dictated by the physical structure of this grid.

    Pennsylvania shares an electric grid with northern Virginia, considered the largest data center market in the world.
    Nathan Howard via Getty Images

    Soaring demand from data centers

    U.S. electricity demand rose 3% in 2024 and is expected to rise even more rapidly in the coming years.

    Much of this new demand comes from data centers, which support everything from AI applications and data storage – think of the thousands of emails and files backed up on our computers – to sports betting, online retailers such as Amazon, and national security applications such as the North American Aerospace Defense Command.

    Pennsylvania is on the same electric grid as Virginia, which hosts about a quarter of all data center capacity in the Americas. New data centers are also being built in Pennsylvania.

    Rising demand is also driven by the increase in electric vehicles and the replacement of gas- and oil-based furnaces with electric heat pumps. These replacements are ultimately more energy efficient but require electricity.

    Bottlenecks in supply

    The increase in electricity demand within PJM is happening at the same time that supply is shrinking.

    Many old generating plants in the PJM grid are retiring as they near the end of their useful lives and become less profitable for plant operators, particularly as natural gas and solar become more affordable. Some of these older power plants also emit a lot of pollution and are costly to retrofit to meet current pollution limits.

    Beyond the challenge of plant retirements, PJM has been slow to allow hundreds of new proposed power plants – most of them solar- and battery-based – to connect to transmission lines.

    This long “interconnection queue” prevents new, needed generation from coming online. This is happening even though companies are eager and ready to build more generation and battery storage.

    Aging infrastructure and growing weather extremes

    One of the primary recent drivers of high consumer electric bills is that the utilities have been slow to upgrade their aging wires.

    Many have recently made major investments in new infrastructure and in some cases are burying or strengthening wires to protect them from increasingly extreme weather.

    Electricity customers are footing the bill for this work.

    Increasing demand, aging power infrastructure and transmission bottlenecks lead to higher electricity rates.
    David Espejo/Moment Collection via Getty Images

    Response from policymakers

    In response to rising electricity prices, Pennsylvania Gov. Josh Shapiro filed a legal complaint with the Federal Energy Regulatory Commission against PJM in December 2024. This complaint blamed PJM’s capacity auction design for creating unnecessary costs for consumers.

    According to the settlement reached after the complaint, PJM’s price caps will be 35% lower at the next major capacity auction. This reduction in wholesale prices could limit retail price increases.

    But this is at best a temporary fix. It doesn’t address the increasing demand, aging power infrastructure battered by extreme weather, or transmission bottleneck.

    In order for Pennsylvania residents to see lower electric bills anytime soon, more changes are needed. For example, many experts previously observed that PJM needs to fix the queue and get online the many power plants that are ready to build and just waiting for a transmission interconnection.

    While PJM has reformed its queue process, the queue is still long. New power plants are not going up fast enough, in part due to additional challenges such as local opposition and supply chain and financing issues.

    Read more of our stories about Philadelphia and Pennsylvania.

    Hannah Wiseman receives or has recently received funding from the Alfred P. Sloan Foundation, Arnold Ventures, U.S. National Science Foundation, U.S. Department of Energy, Center for Rural Pennsylvania, and the Pennsylvania Department of Environmental Protection. She is a member of the Center for Progressive Reform.

    Seth Blumsack receives or has recently received funding from the Alfred P. Sloan Foundation, Heising Simons Foundation, U.S. National Science Foundation, U.S. Department of Energy, NASA, U.S. Federal Aviation Administration, Center for Rural Pennsylvania and the Pennsylvania Department of Environmental Protection.

    ref. Why your electricity bill is so high and what Pennsylvania is doing about it – https://theconversation.com/why-your-electricity-bill-is-so-high-and-what-pennsylvania-is-doing-about-it-254562

    MIL OSI – Global Reports

  • MIL-OSI USA: China dominates global trade of battery minerals

    Source: US Energy Information Administration

    In-brief analysis

    May 21, 2025

    Data source: United Nations Statistics Division, UN Comtrade
    Note: Excludes trade within regions.

    China has a major role at each stage of the global battery supply chain and dominates interregional trade of minerals. China imported almost 12 million short tons of raw and processed battery minerals, accounting for 44% of interregional trade, and exported almost 11 million short tons of battery materials, packs, and components, or 58% of interregional trade in 2023, according to regional UN Comtrade data.

    In this article, we consider trade of three key minerals needed for batteries—graphite, lithium, and cobalt—among China and key global regions. These minerals are mined or extracted from natural and synthetic sources, processed for battery material manufacturing, and then used to produce batteries and battery components, with robust trade at each stage. As global demand for electric vehicles, energy storage, and other energy technologies increases, the importance of these minerals and materials also increases.

    Battery mineral production and raw battery minerals trade
    Lithium is produced through brine extraction or hard rock mining, cobalt is primarily produced as a byproduct of nickel and copper mining, and graphite is mined as a natural ore or synthetically produced from pitch and coke. China domestically produced approximately 18% (33,000 short tons) of the world’s mined lithium in 2023, and Chinese companies control 25% of the world’s lithium mining capacity.

    According to the National Geospatial-Intelligence Agency’s Tearline Project, Chinese companies have significant investments in multiple mining and extraction projects in Argentina, giving China access to the lithium triangle, an area in Argentina, Bolivia, and Chile that contains 50% of the world’s lithium. Domestically, China produced 79%, or 1.27 million short tons, of the world’s natural graphite in 2024, according to the U.S. Geological Survey; the United States did not produce any natural graphite that year. Chinese companies own 80% of cobalt production in Congo-Kinshasa, where more than half of global cobalt production is located.

    After production, raw battery minerals are shipped globally to be used as feedstock for refining. China accounted for 46% of the world’s raw battery mineral import trade in 2023, according to the UN Comtrade data. Australia, the world’s largest lithium producer, sent almost all its exports to China alone. China, Australia, and the rest of Asia and Oceania (particularly India and Japan) accounted for 71% of the world’s raw battery mineral import trade in 2023.

    Battery mineral processing and processed battery minerals trade
    China processes over 90% of the world’s graphite, and in 2022, Chinese companies accounted for over two-thirds of the world’s cobalt and lithium processing capacity.

    China imported 20% of the world’s processed battery minerals in 2023, made up of mainly cobalt from Africa. That same year, China exported 58% of the world’s processed battery minerals, mainly synthetic graphite to the rest of Asia and Oceania. China began implementing export restrictions on graphite products related to electrode manufacturing in 2023, and we expect such restrictions to lead to lower graphite exports from China in 2024 and 2025.

    Battery materials manufacturing and battery materials and component trade
    Processed battery minerals are used to produce battery materials, which vary depending on a battery’s chemical composition. China accounted for 53% of the world’s battery material export trade in 2023.

    Battery materials are then used to produce battery components like electrodes, electrolytes, and separators. For example, a lithium-ion battery cell usually includes a graphite anode, lithium-based cathode, and a dissolved lithium salt electrolyte. In 2022, China produced 85% of the world’s anodes, 82% of electrolytes, 74% of separators, and 70% of cathodes.

    China accounted for 74% of the world’s battery pack and component exports in 2023. That same year, China controlled nearly 85% of the world’s battery cell production capacity by monetary value.


    Principal contributor: Gavin Clark

    MIL OSI USA News

  • MIL-Evening Report: Australia’s Wong condemns ‘abhorrent, outrageous’ Israeli comments over blocked aid

    Asia Pacific Report

    Australia’s Foreign Minister Penny Wong has released a statement saying “the Israeli government cannot allow the suffering to continue” after the UN’s aid chief said thousands of babies were at risk of dying if they did not receive food immediately.

    “Australia joins international partners in calling on Israel to allow a full and immediate resumption of aid to Gaza,” Wong said in a post on X.

    “We condemn the abhorrent and outrageous comments made by members of the Netanyahu government about these people in crisis.”

    Wong stopped short of outlining any measures Australia might take to encourage Israel to ensure enough aid reaches those in need, as the UK, France and Canada said they would do with “concrete measures” in a recent joint statement.


    An agreement has been reached in a phone call between UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and his Israeli counterpart Gideon Saar, reports Al Jazeera.

    According to the Palestinian news agency WAM, the aid would initially cater to the food needs of about 15,000 civilians in Gaza.

    It will also include essential supplies for bakeries and critical items for infant care.

    ‘Permission’ for 100 trucks
    Earlier yesterday, a spokesperson for the UN humanitarian office in Geneva said Israel had given permission for about 100 aid trucks to enter Gaza.

    However, the UN also said no aid had been distributed in Gaza because of Israeli restrictions, despite a handful of aid trucks entering the territory.

    “But what we mean here by allowed is that the trucks have received military clearance to access the Palestinian side,” reports Tareq Abu Azzoum from Deir el-Balah, central Gaza.

    “They have not made their journey into the enclave. They are still stuck at the border crossing. Only five trucks have made it in.”

    Israel’s Gaza aid “smokescreen” showing the vast gulf between what the Israeli military have actually allowed in – five trucks only and none of the aid had been delivered at the time of this report. Image: Al Jazeera infographic/Creative Commons

    The few aid trucks alowed into Gaza are nowhere near sufficient to meet Gaza’s vast needs, says the medical charity Doctors Without Borders, known by its French initials MSF.

    Instead, the handful of trucks serve as a “a smokescreen” for Israel to “pretend the siege is over”.

    “The Israeli authorities’ decision to allow a ridiculously inadequate amount of aid into Gaza after months of an air-tight siege signals their intention to avoid the accusation of starving people in Gaza, while in fact keeping them barely surviving,” said Pascale Coissard, MSF’s emergency coordinator in Khan Younis.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Kingdom: UK stands ready to send more aid to Gaza as Minister pledges further support

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK stands ready to send more aid to Gaza as Minister pledges further support

    Minister for Development announces new UK support for Gaza on first visit in her role to Israel and the Occupied Palestinian Territories

    • extra UK aid announced today will support organisations on the ground seeking to get food, water and medicine to those who need it
    • Minister Chapman will call Israel’s decision to allow just a basic amount of food into Gaza ‘abominable’ after an ‘indefensible’ 11-week blockade.
    • on her first visit to Israel and the Occupied Palestinian Territories in her role, the Minister also emphasises the need to release all Israeli hostages held by Hamas and works towards a two-state solution

    Vulnerable Gazans must urgently be given full access to aid, UK Minister for Development, Jenny Chapman said today [Wednesday 21 May] on her first visit to Israel and the Occupied Palestinian Territories in her role. 

    Following the Government’s calls, together with partners, for restrictions on aid access to be lifted, the UK has announced £4m of new UK humanitarian support for Gazans as the Minister reaffirms the UK’s commitment to driving peace in the region.

    The visit comes the day after Foreign Secretary David Lammy announced new sanctions hitting violent West Bank settlers, paused free trade agreement negotiations with Israel and called the Government of Israel’s actions ‘egregious’ and ‘intolerable’. 

    On her visit the Development Minister will say the limited restart of aid deliveries into Gaza is ‘simply not enough’ and she will urge the Israeli government to allow the unhindered provision of aid. She will say the blockade has been appalling and indefensible, particularly following an IPC report noting the entire population of Gaza is experiencing high levels of acute food insecurity.

    The Minister will announce new UK support during a visit to a Red Crescent centre, highlighting that the UK stands ready to provide the urgent aid to those who desperately need it, while expressing frustration much of it cannot yet reach them.

    Backing up words with action, the new UK support would cover essential medicines and medical supplies for up to 32,000 people, safe drinking water for up to 60,000 people, and food parcels for up to 14,000 people.

    Minister for Development, Jenny Chapman said:

    The lack of aid reaching ordinary Gazans is appalling. The Israeli government’s failure to allow full humanitarian access to aid workers is abhorrent. Far too few trucks are crossing into Gaza. The UN has warned nearly half a million Palestinians, including children, are facing starvation.

    The UK is clear – Israel will not achieve security through prolonging the suffering of the Palestinian people.

    I have heard first hand from aid workers today of the abominable impact of this behaviour on real families. The UK has today pledged new support for Gazans but the brutal reality is most of it is stuck in limbo.

    We need to see an immediate ceasefire, the release of all hostages, a surge of aid, and a path towards long-term peace.

    During the first day of her visit (Wednesday, May 21), Minister Chapman has met with Palestinian Justice Minister Sharhabeel al-Zaeem, and talked to UNRWA representatives on resolving the challenges in getting aid to Palestinian communities.

    Tomorrow, she is due to meet the families of hostages cruelly held by Hamas, where she will highlight the importance of an immediate ceasefire and a negotiated end to the conflict which secures their urgent release. This is the only way to deliver long-term stability in the region, and at home, as part of the Government’s Plan for Change.

    Background

    • The £4 million contribution announced today will be made to the British Red Cross to deliver humanitarian relief in Gaza through their partner the Palestinian Red Crescent Society. This support has been allocated from the £101 million set aside for the Occupied Palestinian Territories (OPTs) in financial year 2025-26, announced during the official visit of Palestinian Prime Minister Mohammed Mustafa to the UK.
    • UK support to the OPTs since October 7, 2023, has so far provided 405,000 patient consultations across Gaza, food aid to at least 647,000 people, and improved water, sanitation and hygiene services to almost 300,000 people. 
    • Photos from the visit will be available on FCDO Flickr
    • See here for the Foreign Secretary’s statement announcing sanctions on West Bank violence network and the pause on negotiations for a free trade agreement.
    • See here for joint statement from the leaders of the UK, France and Canada on the situation in Gaza and the West Bank delivered on 19/05/2025.
    • See here for joint statement from UK and 26 other humanitarian partners delivered on 19/05/2025.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 21 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Sobyanin opened the Yuzhnoye electric depot of the Zamoskvoretskaya metro line

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Sergei Sobyanin opened a new electric depot “Yuzhnoye” of the Zamoskvoretskaya line. Its commissioning became the final stage of the formation of the largest in Russia and one of the largest in Europe complexes for the repair, maintenance and operation of metro cars.

    On behalf of the President of the Russian Federation Vladimir Putin, Moscow Mayor Sergei Sobyanin presented the Moscow Metro with the Order “For Valiant Labor”, which recognized the great merits of the metro workforce in strengthening and developing the capital’s transport complex. The award was timed to coincide with the 90th anniversary of the metro.

    In addition, 10 new “Moscow-2024” trains ceremoniously entered the Zamoskvoretskaya line. Together with metro employees and invited guests, Sergei Sobyanin rode on the lead train from the depot to the Krasnogvardeyskaya station.

    “This year, the Moscow Metro turns 90. It is a respectable age, but the Moscow Metro demonstrates a very young, energetic life, developing, adding new lines, new stations, first-class trains, electric depots, developing in a way that probably no other metro in the world is developing. Today, a new electric depot “Yuzhnoye” is being opened, the largest and most modern in Russia. The Zamoskvoretskaya line of the metro is being replenished with 10 new trains, the most modern. This year, in honor of the metro’s anniversary, in honor of its merits, the President of the Russian Federation signed a decree on awarding the Moscow Metro team with the Order for Labor Valor. This is a well-deserved award. The Moscow Metro is the most intensive in the world, the most accurate, the most reliable, the safest, the cleanest and the most beautiful. And the most beloved by Muscovite passengers,” said Sergei Sobyanin.

    The Mayor of Moscow congratulated the entire staff of the capital’s metro, metro builders and everyone who is related to the metro on the award and anniversary.

    The head of the Moscow Metro, Viktor Kozlovsky, in turn, thanked the President of Russia for the award and Sergei Sobyanin for his assistance and constant participation in the development of the metro.

    “I would like to say a huge thank you to the President of our country, Vladimir Vladimirovich Putin, for the high assessment of our work, our many thousands of people, and personally to you, Sergey Semenovich, for your constant participation, for the development of the Moscow Metro. For the work that you do. The Moscow Metro is ready to continue to fulfill any tasks at a high level,” said Viktor Kozlovsky.

    Thanks to the unprecedented construction of new lines and stations, more than 90 percent of Muscovites now live in the service area of the rail frame stations. For comparison: in 2010, this figure was 70 percent. On weekdays, the metro carries more than 8.2 million passengers. The Moscow metro has become a world leader in important indicators. Thus, the accuracy of the schedule is 99.9 percent, the traffic intensity reaches 90-second intervals during rush hours on the most popular lines, a variety of payment methods and customer services are available, which leads to a high level of passenger loyalty.

    Development of the capital’s metro

    In 2010, city residents built most of the routes through the center. As a result, transfer stations here were overloaded almost all day long, and at peak times, passengers managed to get on far from the first train.

    Thanks to the development of the Moscow Metro infrastructure – the opening of new stations and the renewal of rolling stock – every year the trips become faster and more comfortable, many additional transfers and route options appear, the carriages become noticeably freer even during rush hours. There are no more overloaded sections in the metro.

    The first stage of the Moscow metro opened on May 15, 1935. It included 11.2 kilometers of lines and 13 stations – from Sokolniki to Park Kultury with a branch to Smolenskaya. Shortly before that, on November 10, 1934, the Severnoye electric depot began operating.

    Today, together with the Moscow Central Circle (MCC), the metro has 302 stations (271 metro stations and 31 MCC stations), as well as 23 electric depots, including the Brateevo car repair complex.

    Since 2011, 123 stations have been built and reconstructed in Moscow — their total number has increased by almost 1.7 times. New lines have started operating: Nekrasovskaya, Solntsevskaya and Troitskaya. Sokolnicheskaya, Lyublinsko-Dmitrovskaya, Zamoskvoretskaya and a number of other metro lines have been extended. Two new rings (MCC and Big Circle Line) provide convenient transfers and transit along routes without entering the center. In Soviet times, it took almost 40 years to build a network of such a scale.

    More than 130 kilometers of the capital’s metro tunnels were laid in five yearsSergei Sobyanin opened full service on the Troitskaya metro line

    The Moscow Metro employs over 65,000 workers (almost a third of whom are women), with an average age of 43. The company is represented by more than 200 professions and specialties. The metro workforce includes more than 100 dynasties with a total work experience of over 15 thousand years.

    In recent years, the city has been paying special attention to the renewal of its rolling stock. Moscow is the leader among European and American megacities in terms of the rate of renewal of its metro cars. Today, the Moscow Metro fleet has over 6.7 thousand cars of various models, with over 77 percent of them being of the current generation. Since 2010, the average age of metro cars has decreased almost twofold — from 20 to 12 years. By the end of 2025, another 272 Moscow-2024 cars are to be added to the fleet, and in 2030, the share of new trains will be about 90 percent, meaning that modern trains will serve passengers on all metro lines. In addition, the share of domestic components in Moscow-2024 trains has reached almost 95 percent.

    Trains created according to the technical specifications of the Moscow Metro are a standard for the metros of other cities and countries. In addition to the capital of Russia, trains based on the Moscow train are supplied to the metros of four cities – Kazan (Russia), Baku (Azerbaijan), Tashkent (Uzbekistan) and Minsk (Belarus).

    Most trains in the Moscow metro are serviced under a life cycle contract. These are the Oka, Moskva, Moskva-2020 and Moskva-2024 type trains. The manufacturer’s service company is responsible for timely and high-quality maintenance, train diagnostics, washing and daily cleaning, as well as the readiness of the trains to go on the line.

    Electric depot as part of the metro

    In addition to performing their main function – parking, scheduled maintenance and washing of rolling stock, electric depots are the basic enterprises of the Moscow Metro for the repair of electric trains and auxiliary production, and also serve to accommodate personnel and equipment of various services. In fact, the electric depot is the technological heart of the metro.

    Without the construction of new electric depots, the development of the metro is impossible; they are as important a part of the infrastructure as stations and tunnels.

    Since 2011, 13 electric depots have been built and reconstructed as part of the Moscow Metro development program. Thus, eight new ones appeared: Aminyevskoye, Brateevo, Likhobory, Mitino, Nizhegorodskoye, Rudnevo, Solntsevo and Yuzhnoye (Brateevo-2). They service trains on six lines, are equipped with all the necessary equipment and are ready for technical maintenance, periodic and unscheduled repairs of cars. Another five electric depots have been reconstructed. These are Vladykino, Vykhino, Pechatniki, Planernoye and Sokol.

    This year, the city plans to complete construction of the Stolbovo (Salaryevo) depot on the Sokolnicheskaya Line. Three more depots are to appear by 2030: Ilyinskoye for the Rublevo-Arkhangelskaya Line, Biryulevskoye for the Biryulevskaya Line, and Troitskoye for the Troitskaya Line.

    Sergei Sobyanin: The first metro train arrived at the Stolbovo electric depot under constructionWhere trains spend the night: how metro cars are serviced and repaired at the Krasnaya Presnya depot

    Electric depot “Yuzhnoye”

    The Yuzhnoye electric depot is the largest in Russia and one of the largest complexes in Europe for the repair, maintenance and operation of wagons.

    The Zamoskvoretskaya Line is one of the longest and most popular in the Moscow metro. From 24 stations on the green line, you can make 19 transfers to other metro lines, the Moscow Central Circle (MCC) and the Moscow Central Diameters (MCD). More than 880 thousand trips are made on the line every day. At the most popular times, trains run at intervals of 1.6 minutes.

    The last 10 years have been a time of dynamic development of the Zamoskvoretskaya line. From 2015 to 2018, new stations “Tekhnopark”, “Khovrino” and “Belomorskaya” were opened, which improved transport accessibility of five districts of the capital: Khovrino, Levoberezhny, Zapadnoye Degunino, Nagatinsky Zaton and Danilovsky.

    In 2023, new tunnels were built in record time on the Kantemirovskaya-Tsaritsyno section. Last year, the first Moskva-2024 train entered service on the Zamoskvoretskaya Line, which marked the beginning of the rolling stock renewal process.

    Passengers on the Zamoskvoretskaya Line are transported by 78 trains (624 cars), including 30 trains (240 cars) “Moscow-2024”. On May 21, 2025, another 10 of these most modern trains in the world entered service. Thus, more than 50 percent of the rolling stock on the Zamoskvoretskaya Line has been updated. The process on the green line is planned to be completed in 2025-2026. Both modern Russian “Moscow-2024” trains and the newest “Moscow-2026” trains will run on it. More than 1.8 million residents of 21 districts through which the Zamoskvoretskaya Line passes will receive new and modern rolling stock – their trips will become much more comfortable.

    Until 2021, the trains of the Zamoskvoretskaya line were serviced by the Sokol (since 1938), Zamoskvoretskoye (since 1969) and Brateevo (since 2014) electric depots.

    However, in 2021, the Zamoskvoretskoye depot was transferred to service the rolling stock of the Big Circle Line of the metro, and now it fully serves the needs of the BCL, and also temporarily accepts trains of the Troitskaya Line.

    To replace the decommissioned capacities in the south of Moscow, a new electric depot, Yuzhnoye (Brateevo-2), was built next to the existing depot. As a result, the largest in Russia and one of the largest in Europe infrastructure complexes for the maintenance, repair and operation of metro cars was formed.

    “Together with the wagon repair plant, the Yuzhnoye electric depot has surpassed the previous record holder, the Mitino depot, in terms of scale. 46 buildings and structures have been built in Yuzhnoye, and the most modern and technologically advanced equipment has been installed: servicing of trains on the Zamoskvoretskaya line will be fast and high-quality. At the same time, the neighboring wagon repair plant will focus on major and medium repairs of wagons from all over the metro,” Sergei Sobyanin wrote in his

    telegram channel.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    In the new Yuzhnoye depot, on a site of 13.6 hectares, buildings and structures with a total area of 77.3 thousand square meters were constructed, including a storage and repair building, a motor depot and an electrical centralization post, a compressor station, a warehouse, an administrative and household building and other structures – a total of 46 buildings for various purposes.

    The total length of the tracks at the Yuzhnoye depot is about 6.2 kilometers, which can be compared with the section between the Krylatskoye and Strogino stations, the longest in the Moscow Metro.

    After reaching its design capacity, the enterprise will create approximately 1.3 thousand jobs.

    Along with the modern carriages, a service company from the manufacturer arrived at the Yuzhnoye depot, which will service the new rolling stock (trains Moscow-2024 and Moscow-2026) under a life cycle contract for 30 years of operation.

    The staff was provided with the most favorable conditions for efficient work and good rest.

    The administrative building has a canteen for 160 people. The locomotive crews’ rest rooms are organized like hotel rooms, and the blocks are equipped with bathrooms. Separate comfortable rooms are provided for female drivers.

    There are currently 130 female drivers and assistant drivers working in the Moscow Metro. In addition, about 50 women are undergoing training in the profession. It is planned that female drivers will soon begin working on the Zamoskvoretskaya Line.

    The medical service includes pre-trip examination rooms, a doctor, a medical psychologist, a treatment room, a vaccination room, and a recovery room.

    There are also a sports hall and a gym with a physical education instructor’s office, an assembly hall and utility rooms (laundry, ironing, storage rooms for special clothing).

    After the commissioning of the Yuzhnoye depot, it took over the functions of servicing the Zamoskvoretskaya line, including the new Moscow-2024 series trains, which began carrying passengers in March 2024.

    At the same time, the Brateevo depot will become the main car repair complex of the Moscow Metro. Its capacity allows repairing the rolling stock of the Zamoskvoretskaya line, as well as carrying out technically complex repairs of cars of the Nomernoy and Rusich types from other metro lines. In total, up to 850 cars, 8.5 thousand wheels and more than 6.4 thousand engines per year – a record for similar facilities in Russia.

    The wagon repair complex will not only be the largest, but also the most modern, with a high level of automation – a conveyor for moving wheel pairs, electric bogies, and CNC machines.

    In terms of its scale, the new infrastructure complex, consisting of the Yuzhnoye depot and a wagon repair plant, has surpassed the previous record holder, the Mitino electric depot, which until now was the largest in Russia in terms of capacity. The total area of the complex is 32.2 hectares. The capacity of the complex allows servicing up to 2.4 thousand wagons per year.

    Main characteristics of the new infrastructure complex

    Depot “Yuzhnoye”:

    — capacity — 34 seats for trains;

    — night storage — 25 places;

    — washing — 12 compositions per day;

    — operational maintenance — 30 trains per day;

    — technical maintenance — four trains per day;

    — turning of wheel pairs — three cars per day;

    — current repairs — three trains per month;

    — jobs — about 1.3 thousand;

    — the total length of the tracks is 6.2 kilometers.

    Wagon repair complex “Brateevo”:

    — capacity — 11 seats for trains;

    — the total length of the tracks is 7.1 kilometers;

    — major repairs — 300 cars per year;

    — average repairs — 550 cars per year;

    — repair of traction electric motors — 6.4 thousand units per year;

    — wheel sets — 8.5 thousand pieces per year;

    — motor-compressors — two thousand pieces per year.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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

    https: //vv.mos.ru/mayor/tkhemes/12781050/

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Council working in partnership to tackle illegal off-road biking

    Source: City of Wolverhampton

    Off-road vehicles including motorbikes, quad bikes and other similar vehicles are classed as motor vehicles and must meet specific standards to be legally ridden on public highways.

    Off-roaders must have the permission of the landowner to ride on private land and, even with permission, dangerous or careless riding can lead to prosecution. For more details, please visit Off-Road Vehicle Nuisance.

    Off-roaders may also be in breach of the High Court injunction banning street racing in the Black Country, and therefore in contempt of court, if they are used on the public highway or land open to the public either for racing or to perform stunts.

    Meanwhile, parents who are considering purchasing off-road vehicles for young people should be aware that they may be held accountable for the actions of their children if they are found using vehicles anti-socially, including fines and legal action.

    Councillor Obaida Ahmed, the council’s Cabinet Member for Health, Wellbeing and Community, said: “As a council, we are committed to ensuring the safety and well-being of all our residents.

    “The anti-social use of off-road vehicles is not only dangerous but also illegal. It can cause significant distress and danger to our communities and offenders may face fines, prosecution or have their vehicles seized.

    “We are working closely with West Midlands Police and other partners to identify and take action against offenders, and are pursuing legal measures against persistent offenders.

    “But we need the public’s help. If you witness the anti-social use of off-road vehicles, please report it to us, in confidence.”

    People can report the anti-social use of off-road vehicles to the Wolverhampton Anti-Social Behaviour Unit via asbu@wolverhamptonhomes.org.uk, Report anti-social behaviour or by calling 01902 556789, or by calling Crimestoppers on 0800 555 111 or via CrimeStoppers.

    Alternatively, contact West Midlands Police via Live Chat at West Midlands Police or call 101. In an emergency, always dial 999.

    When reporting, please provide as much information as possible, including the location of the incident, a description of the vehicle(s) involved, the time and date of the incident and any photos or videos, if available.

    Chris Seymour, ASB Officer for Wolverhampton Police, said: “We are committed to dealing with the ongoing issues surrounding the use of off-road bikes and the associated anti-social behaviour – we will continue to work closely with our partners to identify and prosecute offenders.”

    For more information or to discuss concerns, please contact the council’s Community Safety Team via safer@wolverhampton.gov.uk.
     

    MIL OSI United Kingdom

  • MIL-OSI: Progressive Reports April 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    MAYFIELD VILLAGE, OHIO, May 21, 2025 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2025:

      April
    (millions, except per share amounts and ratios; unaudited) 2025   2024   Change
    Net premiums written $ 6,837     $ 6,178     11   %
    Net premiums earned $ 6,641     $ 5,575     19   %
    Net income $ 986     $ 421     134   %
    Per share available to common shareholders $ 1.68     $ 0.72     134   %
    Total pretax net realized gains (losses) on securities $ (3 )   $ (267 )   (99 ) %
    Combined ratio   84.9       89.0     (4.1 ) pts.
    Average diluted equivalent common shares   587.7       587.4     0   %
      April 30,
    (thousands; unaudited) 2025   2024   % Change
    Policies in Force          
    Personal Lines          
    Agency – auto 10,246   8,720   18
    Direct – auto 14,938   12,105   23
    Special lines 6,705   6,153   9
    Property 3,590   3,261   10
    Total Personal Lines 35,479   30,239   17
    Commercial Lines 1,174   1,108   6
    Companywide 36,653   31,347   17
               
               

    See Progressive’s complete monthly earnings release for additional information.

    About Progressive

    Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

    Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. 

    Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

    The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

    Company Contact:
    Douglas S. Constantine
    (440) 395-3707
    investor_relations@progressive.com
     
    The Progressive Corporation
    300 North Commons Blvd.
    Mayfield Village, Ohio  44143
    http://www.progressive.com

    Download PDF: Progressive April 2025 Complete Earnings Release

    The MIL Network

  • MIL-OSI: Duos Edge AI to Launch Edge Data Center in Victoria, TX

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., May 21, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc. (“Duos Edge AI”), a provider of adaptive, versatile and streamlined Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment, today announced a strategic partnership with Region 3 Education Service Center (ESC) to deploy a new EDC in Victoria, Texas. This marks the latest execution in Duos Edge AI’s national rollout strategy, reflecting continued traction in rural markets and reinforcing the Company’s presence in the education sector.

    The Victoria-based EDC will serve as a highly secure, scalable, local computing hub supporting 37 school districts in the Region 3 footprint. Built on Duos Edge AI’s modular architecture—engineered to SOC 2 Type II compliance and backed by N+1 power redundancy and dual generators—the facility will enable low-latency access to mission-critical workloads including AI-based learning platforms, telemedicine, and EHR systems. This project exemplifies Duos Edge AI’s ability to rapidly deploy infrastructure that meets both community needs and commercial growth objectives.

    Dr. Morris Lyon, Executive Director of Region 3 ESC, commented: “We are proud to partner with Duos Edge AI, Inc. to bring secure, innovative data solutions to the greater Victoria area. The commitment to community-based technology aligns with our mission to support the 37 districts we serve across Region 3. Together, we’re creating a safer, smarter foundation that helps schools and the community focus on what matters most—educating students.”

    Doug Recker, President and Founder of Duos Edge AI, added: “This installation strengthens our position in the education vertical while demonstrating our ability to deliver digital infrastructure in underserved regions. Our partnership with Region 3 ESC accelerates digital equity, expands our market footprint, and contributes to sustainable long-term revenue. We’re also proud to bring new job opportunities to the area and look forward to collaborating with local businesses as we continue investing in the economic and technological future of the Victoria region.”

    This deployment is part of Duos Edge AI’s 2025 roadmap, which targets 15 contracted EDCs by year-end. With nine sites commercially identified and additional real estate and contractual negotiations underway, the Company is on track to deliver scalable edge solutions across Texas, the Southeast, and Midwest -meeting the increasing demand for localized, low-latency compute infrastructure.

    To learn more about Duos Edge AI, visit: www.duosedge.ai   
    To learn more about Region 3 Education Service Center (ESC), visit https://www.esc3.net/
    To learn more about Duos Technologies, visit www.duostechnologies.com   

    About Duos Edge AI, Inc.

    Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI’s mission is to bring advanced technology to underserved communities, particularly in education, healthcare and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in high-function Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment. By focusing on providing scalable IT resources that seamlessly integrate with existing infrastructure, its solutions expand capabilities at the network edge, ensuring data uptime onsite services. With the ability to provide 100 kW+ per cabinet, rapid 90-day deployment, and continuous 24/7 data services, Duos Edge AI aims to position its edge data centers within 12 miles of end users or devices, significantly closer than traditional data centers. This approach enables timely processing of massive amounts of data for applications requiring real-time response and supporting current and future technologies without large capital investments. For more information, visit www.duosedge.ai.

    About Region 3 Education Service Center (ESC)
    The Region 3 Education Service Center is proud to support our 37 public school districts, 52,000+ students, and hundreds of campuses across 11 counties: Calhoun, Colorado, DeWitt, Goliad, Jackson, Karnes, Lavaca, Matagorda, Refugio, Victoria, and Wharton. Spanning over 10,800 square miles, Region 3 ESC is more than a service provider — we’re a committed partner in delivering excellence to every classroom, every educator, and every child we serve. From across our region, our mission remains clear: to improve the performance of all learners. With programs that strengthen instruction, build leadership capacity, support student needs, and fuel innovation, Region 3 is here to help schools thrive — because when our schools succeed, our communities do too. For more information, visit https://www.esc3.net/.

    About Duos Technologies Group, Inc.
    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com, www.duosedge.ai and www.duosenergycorp.com.

    Forward-Looking Statements
    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    A photo accompanying this announcement is available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5fc60761-3dad-4ddc-ae4d-f12a7b296d09

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: GraniteShares launches new YieldBoost ETFs on NVIDIA (NVYY) and Bitcoin (XBTY)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — GraniteShares, an ETF issuer specializing in high conviction ETFs, announced that it is launching two ETFs to add to its existing YieldBOOST lineup – the GraniteShares YieldBOOST NVDA ETF (NVYY) and the GraniteShares YieldBOOST Bitcoin ETF (XBTY).

    The GraniteShares YieldBOOST NVDA ETF (NVYY) is designed to generate income from options1 strategies linked to 2x Long NVDA Daily ETF. To generate income, NVYY sells put options2 on leveraged ETFs linked to 2x Long NVDA Daily ETF.

    The GraniteShares YieldBOOST Bitcoin ETF (XBTY) is designed to generate income from options1 strategies linked to 2x Long Bitcoin Daily ETF. To generate income, XBTY sells put options2 on leveraged ETFs linked to 2x Long Bitcoin Daily ETF.

    FUND NAME TICKER CUSIP
    GraniteShares YieldBOOST NVDA ETF NVYY 38747R637
    GraniteShares YieldBOOST Bitcoin ETF XBTY 38747R421
         

    “We are excited to launch the newest additions to our YieldBOOST options income suite,” said Will Rhind, Founder and CEO of GraniteShares. “The GraniteShares YieldBOOST NVDA ETF (NVYY) and the GraniteShares YieldBOOST Bitcoin ETF (XBTY) will seek to generate income from selling put options on their respective underlying leveraged ETFs.”

    Other existing YieldBOOST ETFs include the GraniteShares YieldBOOST SPY ETF (YSPY), the GraniteShares YieldBOOST QQQ ETF (TQQY) and the GraniteShares YieldBOOST TSLA ETF (TSYY).

    For more information, please visit: www.graniteshares.com.

    About GraniteShares:

    GraniteShares is an entrepreneurial ETF provider focused on high-conviction investment solutions. The firm offers a range of ETFs spanning leveraged, inverse, and high-yield strategies, empowering investors with differentiated tools for portfolio construction. Founded in 2016, GraniteShares has grown rapidly by delivering cutting-edge solutions tailored to modern market needs. For more information, visit www.graniteshares.com.

    Source: GraniteShares

    1An option is a contract that gives the holder the right, but not the obligation to buy or sell a specific asset at a predetermined price on or before a specified date. Options are a type of derivative, meaning their value is derived from the underlying asset.

    2A put option is a contract that gives the buyer the right, but not the obligation, to sell an underlying asset at a specified price by or on a specific date.

    RISK FACTORS & IMPORTANT INFORMATION

    Please see the funds’ prospectus for more details – https://graniteshares.com/media/u5odudej/graniteshares-etf-trust-prospectus-yb.pdf.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747 or visit www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.

    The investment program of the Funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by more traditional mutual funds.

    PRINCIPAL RISKS OF INVESTING IN THE FUND

    The principal risks of investing in the Fund are summarized below. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. Each risk summarized below is considered a “principal risk” of investing in the Fund, regardless of the order in which it appears. Some or all of these risks may adversely affect the Fund’s net asset value per share (“NAV”), trading price, yield, total return and/or ability to meet its investment objectives. For more information about the risks of investing in the Fund, see the section in the Fund’s Prospectus titled “Additional Information About the Fund — Principal Risks of Investing in the Fund.”

    The Underlying NVDA ETF Risk. The Fund invests in options contracts that are based on the value of the Underlying NVDA ETF shares. This subjects the Fund to certain of the same risks as if it owned shares of the Underlying NVDA ETF, even though it may not. By virtue of the Fund’s investments in options contracts that are based on the value of the Underlying NVDA ETF shares, the Fund may also be subject to the following risks:

    Effects of Compounding and Market Volatility Risk. The Underlying NVDA ETF shares’ performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is likely to differ from 200% of the Underlying Stock’s performance, before fees and expenses. Compounding has a significant impact on funds that are leveraged and that rebalance daily. The impact of compounding becomes more pronounced as volatility and holding periods increase and will impact each shareholder differently depending on the period of time an investment in the Underlying NVDA ETF is held and the volatility of the Underlying Stock during the shareholder’s holding period of an investment in the Underlying NVDA ETF.

    Leverage Risk. The Underlying NVDA ETF obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Underlying NVDA ETF is exposed to the risk that a decline in the daily performance of the Underlying Stock will be magnified. This means that an investment in the Underlying NVDA ETF will be reduced by an amount equal to 2% for every 1% daily decline in the Underlying Stock, not including the costs of financing leverage and other operating expenses, which would further reduce its value. The Underlying NVDA ETF could lose an amount greater than its net assets in the event of an Underlying Stock decline of more than 50%.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Investing in derivatives may be considered aggressive and may expose the Underlying NVDA ETF to greater risks, and may result in larger losses or smaller gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Underlying NVDA ETF from achieving its investment objective.

    Counterparty Risk. If a counterparty is unwilling or unable to make timely payments to meet its contractual obligations or fails to return holdings that are subject to the agreement with the counterparty resulting in the Underlying NVDA ETF losing money or not being able to meet its daily leveraged investment objective.

    Industry Concentration Risk. The performance of the Underlying Stock, and consequently the Underlying NVDA ETF’s performance, is subject to the risks of the semiconductor industry. The Underlying Stock is subject to many risks that can negatively impact its revenue and viability including, but are not limited to price volatility risk, management risk, inflation risk, global economic risk, growth risk, supply and demand risk, operations risk, regulatory risk, environmental risk, terrorism risk and the risk of natural disasters. The Underlying Stock performance may be affected by NVIDIA Corporation’s ability to identify new products, technologies or services, global competition and business conditions, its dependence on third-party product manufacturers, product defect issues, cybersecurity breaches, and customer concentration. The Underlying Stock may also be affected by risks that affect the broader technology industry, including: government regulation; dramatic and often unpredictable changes in growth rates and competition for qualified personnel; heavy dependence on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability; and a small number of companies representing a large portion of the technology sector as a whole. The Fund’s daily returns may be affected by many factors but will depend on the performance and volatility of the Underlying Stock.

    Indirect Investments in the Underlying NVDA ETF. Investors in the Fund will not have rights to receive dividends or other distributions or any other rights with respect to the Underlying NVDA ETF but will be subject to declines in the performance of the Underlying NVDA ETF. Although the Fund invests in the Underlying NVDA ETF only indirectly, the Fund’s investments are subject to loss as a result of these risks.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds, interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions. The use of derivatives is a highly specialized activity that involves investment techniques and risks different from those associated with ordinary portfolio securities transactions. The use of derivatives may result in larger losses or smaller gains than directly investing in securities. When the Fund uses derivatives, there may be an imperfect correlation between the value of the Underlying NVDA ETF and the derivative, which may prevent the Fund from achieving its investment objectives. Because derivatives often require only a limited initial investment, the use of derivatives may expose the Fund to losses in excess of those amounts initially invested. In addition, the Fund’s investments in derivatives are subject to the following risks:

    • Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events. For the Fund, in particular, the value of the options contracts in which it invests is substantially influenced by the value of the Underlying NVDA ETF. Selling put options exposes the Fund to the risk of potential loss if the market value of the Underlying NVDA ETF falls below the strike price before the option expires. The Fund may experience substantial downside from specific option positions and certain option positions held by the Fund may expire worthless. As an option approaches its expiration date, its value typically increasingly moves with the value of the underlying instrument. However, prior to such date, the value of an option generally does not increase or decrease at the same rate at the underlying instrument. There may at times be an imperfect correlation between the movement in values of options contracts and the underlying instrument, and there may at times not be a liquid secondary market for certain options contracts. The value of the options held by the Fund will be determined based on market quotations or other recognized pricing methods. Additionally, the Fund’s practice of “rolling” may cause the Fund to experience losses if the expiring contracts do not generate proceeds enough to cover the costs of entering into new options contracts. Rolling refers to the practice of closing out one options position and opening another with a different expiration date and/or a different strike price. Further, if an option is exercised, the seller (writer) of a put option is obligated to purchase the underlying asset at the strike price, which can result in significant financial and regulatory obligations for the Fund if the market value of the asset has fallen substantially. Furthermore, when the Fund seeks to trade out of puts, especially near expiration, there is an added risk that the Fund may be required to allocate resources unexpectedly to fulfill these obligations. This potential exposure to physical settlement can significantly impact the Fund’s liquidity and market exposure, particularly in volatile market conditions.
    • Swap Risk: Swaps are subject to tracking risk because they may not be perfect substitutes for the instruments they are intended to hedge or replace. Over the counter swaps are subject to counterparty default. Leverage inherent in derivatives will tend to magnify the Fund’s losses. The swap agreements may reference standardized exchange-traded, FLEX, European Style or American Style put options contracts that are based on the values of the price returns of the Underlying ETF. that generate specific risks.

    Affiliated Fund Risk. In managing the Fund, the Adviser has the ability to select the Underlying NVDA ETF and substitute the Underlying NVDA ETF with other ETFs that it believes will achieve the Fund’s objective. The Adviser may be subject to potential conflicts of interest in selecting the Underlying NVDA ETF and substituting the Underlying NVDA ETF with other ETFs because the fees paid to the Adviser by some Underlying NVDA ETF may be higher than the fees charged by other Underlying NVDA ETF.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members. In cleared derivatives positions, the Fund will make payments (including margin payments) to and receive payments from a clearing house through their accounts at clearing members. Customer funds held at a clearing organization in connection with any options contracts are held in a commingled omnibus account and are not identified to the name of the clearing member’s individual customers. As a result, assets deposited by the Fund with any clearing member as margin for options may, in certain circumstances, be used to satisfy losses of other clients of the Fund’s clearing member. In addition, although clearing members guarantee performance of their clients’ obligations to the clearing house, there is a risk that the assets of the Fund might not be fully protected in the event of the clearing member’s bankruptcy, as the Fund would be limited to recovering only a pro rata share of all available funds segregated on behalf of the clearing member’s customers for the relevant account class. The Fund is also subject to the risk that a limited number of clearing members are willing to transact on the Fund’s behalf, which heightens the risks associated with a clearing member’s default. If a clearing member defaults the Fund could lose some or all of the benefits of a transaction entered into by the Fund with the clearing member. If the Fund cannot find a clearing member to transact with on the Fund’s behalf, the Fund may be unable to effectively implement its investment strategy. In addition, a counterparty (the other party to a transaction or an agreement or the party with whom the Fund executes transactions) to a transaction (including repurchase transaction) with the Fund may be unable or unwilling to make timely principal, interest or settlement payments, or otherwise honor its obligations.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put options contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Underlying NVDA ETF over the Call Period. This means that if the Underlying NVDA ETF experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Underlying NVDA ETF over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Underlying NVDA ETF over each Call Period, but has full exposure to any decreases in value experienced by the Underlying NVDA ETF over the Call Period, the NAV of the Fund may decrease over any given time period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the performance of the Underlying NVDA ETF. The degree of participation in the Underlying NVDA ETF gains the Fund will experience will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put options contracts and will vary from Call Period to Call Period. The value of the options contracts is affected by changes in the value and dividend rates of the Underlying NVDA ETF, changes in interest rates, changes in the actual or perceived volatility of the Underlying NVDA ETF and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the price of the Underlying NVDA ETF share changes and time moves towards the expiration of each Call Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly correlate on a day-to-day basis with the returns of the Underlying NVDA ETF share price. The amount of time remaining until the options contract’s expiration date affects the impact of the potential options contract income on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the price of the Underlying NVDA ETF share will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than that experienced by the Underlying NVDA ETF share price.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund makes distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. Additionally, the monthly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.

    NAV Erosion Risk Due to Distributions. When the Fund makes a distribution, the Fund’s NAV will typically drop by the amount of the distribution on the related ex-dividend date. The repeated payment of distributions by the Fund, if any, may significantly erode the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.

    Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing strategy will impact the extent that the Fund participates in the positive price returns of the Underlying NVDA ETF and, in turn, the Fund’s returns, both during the term of the sold put options and over longer time periods. 187 If, for example, the Fund were to sell 10% in-the-money put options having a one-month term, the Fund’s participation in the positive price returns of the Underlying NVDA ETF will be capped at 10% for that month. However, over a longer period (e.g., a three-month period), the Fund should not be expected to participate fully in the first 30% (i.e., 3 months x 10%) of the positive price returns of the Underlying NVDA ETF, or the Fund may even lose money, even if the Underlying NVDA ETF share price has appreciated by at least that much over such period, if during any particular month or months over that period the Underlying NVDA ETF had a return less than 10%. This example illustrates that both the Fund’s participation in the positive price returns of the Underlying NVDA ETF and its returns will depend not only on the price of the Underlying NVDA ETF but also on the path that the Underlying NVDA ETF takes over time.

    If, for example, the Fund were to sell 5% out-of-the-money put options having a one-week term, the Fund’s downward protection against the negative price returns of the Underlying NVDA ETF will be capped at 5% for that week. However, over a longer period (e.g., a four-week period), the Fund should not be expected to be protected fully in the first 25% (i.e., 4 weeks x 5%) of the negative price returns of the Underlying NVDA ETF, and the Fund may lose money, even if the Underlying NVDA ETF share price has appreciated over such period, if during any particular week or weeks over that period the Underlying NVDA ETF share price had decreases by more than 5%. This example illustrates that both the Fund’s protection against the negative price returns of the Underlying NVDA ETF and its returns will depend not only on the price of the Underlying NVDA ETF but also on the path that the Underlying NVDA ETF takes over time.

    Under both cases the Fund may be fully exposed to the downward movements of the Underlying NVDA ETF, offset only by the premiums received from selling put contracts. The Fund does not seek to offer any downside protection, except for the fact that the premiums from the sold options may offset some or all of the Underlying NVDA ETF’s decline.

    Option Market Liquidity Risk. The trading activity in the option market of the Underlying NVDA ETF may be limited and the option contracts may trade at levels significantly different from their economic value. The lack of liquidity may negatively affect the ability of the Fund to achieve its investment objective. This risk may increase if the portfolio turnover is elevated, for instance because of frequent changes in the number of Shares outstanding, and if the net asset value of the Underlying NVDA ETF is modest. For the 12-month period ending September 30, 2024, the net asset value of the Underlying NVDA ETF ranged from $0.6m to $5,986m.

    Concentration Risk. To the extent that the Underlying NVDA ETF concentrates its investments in a particular industry, the Fund will be subject to the risks associated with that industry.

    ETF Risks.

    Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk. The Fund has a limited number of financial institutions that are authorized to purchase and redeem Shares directly from the Fund (known as “Authorized Participants” or “APs”). In addition, there may be a limited number of market makers and/or liquidity providers in the marketplace. To the extent either of the following events occur, Shares may trade at a material discount to NAV and possibly face delisting: (i) APs exit the business or otherwise become unable to process creation and/or redemption orders and no other APs step forward to perform these services; or (ii) market makers and/or liquidity providers exit the business or significantly reduce their business activities and no other entities step forward to perform their functions.

    Cash Redemption Risk. The Fund currently expects to affect a significant portion of its creations and redemptions for cash, rather than in-kind securities. Paying redemption proceeds in cash rather than through in-kind delivery of portfolio securities may require the Fund to dispose of or sell portfolio securities or other assets at an inopportune time to obtain the cash needed to meet redemption orders. This may cause the Fund to sell a security and recognize a capital gain or loss that might not have been incurred if it had made a redemption in-kind. As a result, the Fund may pay out higher or lower annual capital gains distributions than ETFs that redeem in-kind. The use of cash creations and redemptions may also cause the Fund’s Shares to trade in the market at greater bid-ask spreads or greater premiums or discounts to the Fund’s NAV. Furthermore, the Fund may not be able to execute cash transactions for creation and redemption purposes at the same price used to determine the Fund’s NAV. To the extent that the maximum additional charge for creation or redemption transactions is insufficient to cover the execution shortfall, the Fund’s performance could be negatively impacted.

    Costs of Buying or Selling Shares. Due to the costs of buying or selling Shares, including brokerage commissions imposed by brokers and bid-ask spreads, frequent trading of Shares may significantly reduce investment results and an investment in Shares may not be advisable for investors who anticipate regularly making small investments.

    Shares May Trade at Prices Other Than NAV. As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of Shares will approximate the Fund’s NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount) due to supply and demand of Shares or during periods of market volatility. This risk is heightened in times of market volatility, periods of steep market declines, and periods when there is limited trading activity for Shares in the secondary market, in which case such premiums or discounts may be significant.

    Trading. Although Shares are listed on a national securities exchange, such as The Nasdaq Stock Market, LLC (the “Exchange”), and may be traded on U.S. exchanges other than the Exchange, there can be no assurance that an active trading market for the Shares will develop or be maintained or that the Shares will trade with any volume, or at all, on any stock exchange. This risk may be greater for the Fund as it seeks to have exposure to a single underlying stock as opposed to a more diverse portfolio like a traditional pooled investment. In stressed market conditions, the liquidity of Shares may begin to mirror the liquidity of the Fund’s underlying portfolio holdings, which can be significantly less liquid than Shares. Shares trade on the Exchange at a market price that may be below, at or above the Fund’s NAV. Trading in Shares on the Exchange may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in Shares inadvisable. In addition, trading in Shares on the Exchange is subject to trading halts caused by extraordinary market volatility pursuant to the Exchange “circuit breaker” rules. There can be no assurance that the requirements of the Exchange necessary to maintain the listing of the Fund will continue to be met or will remain unchanged. In the event of an unscheduled market close for options contracts that reference a single stock, such as the Underlying NVDA ETF’s securities being halted or a market wide closure, settlement prices will be determined by the procedures of the listing exchange of the options contracts. As a result, the Fund could be adversely affected and be unable to implement its investment strategies in the event of an unscheduled closing.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses. Frequent trading may also cause adverse tax consequences for investors in the Fund due to an increase in short-term capital gains.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risk is greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts. Markets for securities or financial instruments could be disrupted by a number of events, including, but not limited to, an economic crisis, natural disasters, epidemics/pandemics, new legislation or regulatory changes inside or outside the United States. Illiquid securities may be difficult to value, especially in changing or volatile markets. If the Fund is forced to sell an illiquid security at an unfavorable time or price, the Fund may be adversely impacted. Certain market conditions or restrictions, such as market rules related to short sales, may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Underlying NVDA ETF. There is no assurance that a security that is deemed liquid when purchased will continue to be liquid. Market illiquidity may cause losses for the Fund.

    Management Risk. The Fund is subject to management risk because it is an actively managed portfolio. In managing the Fund’s investment portfolio, the portfolio managers will apply investment techniques and risk analyses that may not produce the desired result. There can be no guarantee that the Fund will meet its investment objective.

    Money Market Instrument Risk. The Fund may use a variety of money market instruments for cash management purposes, including money market funds, depositary accounts and repurchase agreements. Repurchase agreements are contracts in which a seller of securities agrees to buy the securities back at a specified time and price. Repurchase agreements may be subject to market and credit risk related to the collateral securing the repurchase agreement. Money market instruments, including money market funds, may lose money through fees or other means.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. As a result, a decline in the value of an investment in a single issuer or a smaller number of issuers could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.

    Operational Risk. The Fund is subject to risks arising from various operational factors, including, but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund relies on third-parties for a range of services, including custody. Any delay or failure relating to engaging or maintaining such service providers may affect the Fund’s ability to meet its investment objective. Although the Fund, Adviser, and Sub-Adviser seek to reduce these operational risks through controls and procedures, there is no way to completely protect against such risks.

    Recent Market Events Risk. U.S. and international markets have experienced significant periods of volatility in recent years and months due to a number of economic, political and global macro factors including the impact of COVID-19 as a global pandemic, which has resulted in a public health crisis, disruptions to business operations and supply chains, stress on the global healthcare system, growth concerns in the U.S. and overseas, staffing shortages and the inability to meet consumer demand, and widespread concern and uncertainty. The global recovery from COVID-19 is proceeding at slower than expected rates due to the emergence of variant strains and may last for an extended period of time. Continuing uncertainties regarding interest rates, rising inflation, political events, rising government debt in the U.S. and trade tensions also contribute to market volatility. Conflict, loss of life and disaster connected to ongoing armed conflict between Ukraine and Russia in Europe and Israel and Hamas in the Middle East could have severe adverse effects on the region, including significant adverse effects on the regional or global economies and the markets for certain securities. The U.S. and the European Union have imposed sanctions on certain Russian individuals and companies, including certain financial institutions, and have limited certain exports and imports to and from Russia. The war has contributed to recent market volatility and may continue to do so.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment vehicle which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (the Underlying NVDA ETF), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Tax Risk. The Fund intends to elect and to qualify each year to be treated as a RIC under Subchapter M of the Code. As a RIC, the Fund will not be subject to U.S. federal income tax on the portion of its net investment income and net capital gain that it distributes to Shareholders, provided that it satisfies certain requirements of the Code. If the Fund does not qualify as a RIC for any taxable year and certain relief provisions are not available, the Fund’s taxable income will be subject to tax at the Fund level and to a further tax at the shareholder level when such income is distributed. To comply with the asset diversification test applicable to a RIC, the Fund will attempt to ensure that the value of the derivatives it holds is never 25% of the total value of Fund assets at the close of any quarter. If the Fund’s investments in the derivatives were to exceed 25% of the Fund’s total assets at the end of a tax quarter, the Fund, generally, has a grace period to cure such lack of compliance. If the Fund fails to timely cure, it may no longer be eligible to be treated as a RIC. In addition, distributions received by the Fund from the Underlying NVDA ETF may generate “bad income” that could prevent the Fund from meeting the “Income Requirement” of Subchapter M of the Code, which may cause the Fund to fail to qualify as a RIC.

    Investing in U.S. Equities Risk. Investing in U.S. issuers subjects the Fund to legal, regulatory, political, currency, security, and economic risks that are specific to the U.S. Certain changes in the U.S., such as a weakening of the U.S. economy or a decline in its financial markets, may have an adverse effect on U.S. issuers.

    U.S. Government and U.S. Agency Obligations Risk. The Fund may invest in securities issued by the U.S. government or its agencies or instrumentalities. U.S. Government obligations include securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies or instrumentalities, such as the U.S. Treasury. Payment of principal and interest on U.S. Government obligations may be backed by the full faith and credit of the United States or may be backed solely by the issuing or guaranteeing agency or instrumentality itself. In the latter case, the investor must look principally to the agency or instrumentality issuing or guaranteeing the obligation for ultimate repayment, which agency or instrumentality may be privately owned. There can be no assurance that the U.S. Government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) where it is not obligated to do so.

    Fixed Income Securities Risk. The market value of Fixed Income Securities will change in response to interest rate changes and other factors, such as changes in the effective maturities and credit ratings of fixed income investments. During periods of falling interest rates, the values of outstanding Fixed Income Securities and related financial instruments generally rise. Conversely, during periods of rising interest rates, the values of such securities and related financial instruments generally decline. Fixed Income Securities are also subject to credit risk.

    Investments in Fixed Income Securities may also involve the following risks, depending on the instrument involved:

    • Asset-Backed/Mortgage-Backed Securities Risk – The market value and yield of asset-backed and mortgage-backed securities can vary due to market interest rate fluctuations and early prepayments of underlying instruments.
    • Credit Risk – An investment in the Fund also involves the risk that the issuer of a Fixed Income Security that the Fund holds will fail to make timely payments of interest or principal or go bankrupt, or that the value of the securities will decline because of a market perception that the issuer may not make payments on time, thus potentially reducing the Fund’s return.
    • Event Risk – Event risk is the risk that corporate issuers may undergo restructurings, such as mergers, leveraged buyouts, takeovers, or similar events financed by increased debt. As a result of the added debt, the credit quality and market value of a company’s bonds and/or other debt securities may decline significantly.
    • Extension Risk – Payment on the loans underlying Fixed Income Securities held by the Fund may be made more slowly when interest rates are rising.
    • Interest Rate Risk – Generally, the value of Fixed Income Securities will change inversely with changes in interest rates. As interest rates rise, the market value of Fixed Income Securities tends to decrease. Conversely, as interest rates fall, the market value of Fixed Income Securities tends to increase. This risk will be greater for long-term securities than for short-term securities. In recent periods, governmental financial regulators, including the U.S. Federal Reserve, have taken steps to maintain historically low interest rates. Very low or negative interest rates may magnify interest rate risk. Changes in government intervention may have adverse effects on investments, volatility, and illiquidity in debt markets.
    • Prepayment Risk – When interest rates are declining, issuers of Fixed Income Securities held by the Fund may prepay principal earlier than scheduled.

    The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates ©2024 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares Trusts, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    The MIL Network

  • MIL-OSI: StepStone Group Opens New Office in Ireland

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — StepStone Group (Nasdaq: STEP), a global private markets solutions provider, today announced the opening of the new Ireland office at One Haddington Buildings, Dublin 4, of its subsidiary StepStone Group Europe Alternative Investment Limited (“SGEAIL”), an alternative investment fund manager regulated by the Central Bank of Ireland.

    Having operated in Dublin since 2005 through a predecessor firm, SGEAIL enables EU-based clients to access private market investment solutions in private debt, private equity, real estate, and infrastructure and real assets. SGEAIL oversees €29.1 billion in AUM as of December 31, 2024, a significant increase from €20.6 billion in December 2022.​

    “Our growth in Ireland reflects the increasing demand for private market solutions globally, and especially among EU-based institutional and private wealth clients,” said David Allen, Partner and CEO of SGEAIL. “Our expanded space demonstrates our commitment to investing in the local economy and talent pool to meet this demand.”

    Since 2021, the number of people working in StepStone’s Dublin office has doubled and now numbers 110 employees, approximately 10% of the firm’s global workforce. The new 12,000 square foot office allows the firm to continue to invest in talent to support the global client footprint, while providing the team with a modern workspace that was designed with teamwork, brand pride, wellness and sustainability in mind. 

    “StepStone Group’s expansion in Dublin is a welcome development for our financial services sector, and highlights Ireland’s position as a leading destination for global investment firms seeking to access the European market. I would like to congratulate the team at StepStone Group and wish them luck in this exciting new phase of their journey,” said Peter Burke, Minister for Enterprise, Tourism and Employment.

    Michael Lohan, CEO of IDA Ireland, the agency responsible for attracting and retaining foreign direct investment into Ireland, said “StepStone’s announcement further underscores Ireland’s position as a leading location for global firms in the financial services sector. The combination of deep industry expertise, a strong pipeline of talent, and a stable, pro-business environment continues to attract companies looking for a strategic entry point to the EU and access to wider global markets. I want to wish StepStone every success and to assure them of our continued support and partnership as they expand their footprint in Ireland.”

    In addition to managing EU-domiciled commingled funds and separate accounts for institutional clients, SGEAIL has in recent years served as a hub for StepStone’s expansion into the European private wealth market. Earlier this year, StepStone launched its first ELTIF focused on the private debt market and converted its existing RAIF funds into UCI Part II vehicles.

    Savills Dublin served as StepStone’s tenant representative for the new office, and Calibro Workspace completed the space’s interior design and fitout.

    About StepStone

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2024, StepStone was responsible for approximately $698 billion of total capital, including $179 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    About IDA Ireland

    IDA Ireland is the country’s inward investment promotion agency, responsible for attracting and developing foreign investment in Ireland. With a proven track record of facilitating international companies, IDA Ireland offers a range of services to support businesses in establishing and expanding operations on the island. Our expert team works closely with companies across various industries, including technology, pharmaceuticals, financial services, and more, providing tailor-made solutions to meet their needs.

    As a gateway to Europe, Ireland offers a competitive corporate tax rate, a young and highly skilled workforce, and a robust business environment, making it an ideal location for global companies looking to innovate and grow. Headquartered in Dublin, with a network of offices worldwide, IDA Ireland is committed to driving economic growth and job creation by fostering a vibrant and sustainable business ecosystem. For more information, visit www.idaireland.com or follow us on Twitter @IDAIRELAND.

    StepStone Contacts:

    Shareholder Relations:
    Seth Weiss
    shareholders@stepstonegroup.com
    +1 (212) 351-6106

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero
    ICR
    StepStonePR@icrinc.com
    +1 (203) 682-8268

    IDA Ireland Contact:
    Rachel Bermingham
    Rachel.bermingham@ida.ie
    +353 087 437 6158

    Photos accompanying this announcement is available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ede6977b-e55f-436f-bd99-0846b67c4dc2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a1446217-fe4f-4fd4-84f9-f55ff19333f2

    The MIL Network

  • MIL-OSI: Form 8.3 – [RENOLD PLC – Opening Disclosure – 20 05 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
    N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    RENOLD PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    20 MAY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 5p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 10,750,500 4.7689    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 10,750,500 4.7689    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    None      

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 21 MAY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI: Form 8.3 – [CRANEWARE PLC – 20 05 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
    N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    CRANEWARE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    20 MAY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,717,865 4.8514    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,717,865 4.8514    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 185 2170.5p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 21 MAY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI Asia-Pac: President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    Details
    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

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    2025-05-09
    President Lai extends congratulations on election of His Holiness Pope Leo XIV  
    Following the successful election of the 267th pope of the Roman Catholic Church, His Holiness Pope Leo XIV, on May 8, President Lai Ching-te extended sincere congratulations on behalf of the people and government of Taiwan, including its Catholic community. The president stated that he looks forward to working with Pope Leo XIV to continue deepening cooperation in the area of humanitarian aid and jointly defend the universal value of religious freedom, expanding and strengthening the alliance between Taiwan and the Vatican. Upon learning of the election results, President Lai directed the Republic of China (Taiwan) Embassy to the Holy See to convey a message of congratulations. In the message, President Lai extended sincere congratulations to Pope Leo XIV on behalf of the people and government of Taiwan, including its Catholic community, expressing confidence that His Holiness will lead the Catholic Church and its 1.4 billion followers worldwide with profound wisdom. President Lai also emphasized that Taiwan looks forward to continuing to work alongside the Holy See in the shared pursuit of peace, justice, religious freedom, solidarity, friendship, and human dignity. This year marks the 83rd anniversary of the establishment of diplomatic ties between Taiwan and the Vatican. Enjoying a strong alliance, Taiwan and the Vatican share such universal values as freedom of religion, respect for human rights, peace, and benevolence, and conduct close exchanges. Taiwan will continue to engage in exchanges and cooperation with the Holy See, further strengthen bilateral relations, and work alongside the Holy See to contribute even more to the world.  

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    2025-05-05
    President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi
    On the afternoon of May 5, President Lai Ching-te met with a delegation from Japan led by House of Representatives Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi. President Lai thanked the government of Japan for continuously speaking up for Taiwan at international venues and reiterating the importance of peace and stability in the Taiwan Strait. The president stated that to address China’s gray-zone aggression against neighboring countries, Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. He said he looks forward to bilateral industrial cooperation in fields including semiconductors, hydrogen energy, AI, and drones, jointly strengthening the resilience of non-red supply chains, and promoting mutual prosperity and development.    A translation of President Lai’s remarks follows: I would like to welcome all the members of the Japanese Diet who are using their valuable Golden Week vacation to visit Taiwan, especially House of Representatives Member Nishimura Yasutoshi, whom former Prime Minister Shinzo Abe deeply trusted and relied on, and who for many years held important cabinet positions. This is his first visit after a hiatus of 17 years, so I am sure he will sense Taiwan’s progress and development. House of Representatives Member Tanaka Kazunori has long promoted local exchanges between Taiwan and Japan, and I hope that our visitors will all gain a deeper understanding of Taiwan through this visit.  Yesterday, several of our distinguished guests made a special trip to Kaohsiung to pay their respects at the statue of former Prime Minister Abe, a visionary politician with a broad, international perspective. The former prime minister pioneered the vision of a free and open Indo-Pacific, and once said that “if Taiwan has a problem, then Japan has a problem,” demonstrating strong support for Taiwan and making a deep and lasting impression on the hearts of Taiwanese. Over the past few years, China has continuously conducted military exercises in the Taiwan Strait, East and South China Seas, and carried out acts of gray-zone aggression against neighboring countries, severely undermining regional peace and stability. Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. Especially since Taiwan and Japan are democratic partners who share values such as freedom, democracy, and respect for human rights, if we can strengthen cooperation in areas such as maritime security, social resilience, and addressing gray-zone aggression, I am confident we can demonstrate the strength of deterrence, ensure peace and stability in the Indo-Pacific region, and safeguard our cherished democratic institutions. I would like to take this opportunity to thank the Japanese government for continuously speaking up for Taiwan at international venues, including this year’s US-Japan leaders’ summit, the G7 foreign ministers’ joint statement, and the Japan-NATO bilateral meeting, reiterating the importance of peace and stability in the Taiwan Strait and expressing opposition to unilaterally changing the status quo by force or coercion. In the face of global economic and trade changes, economic security is becoming increasingly important, and Taiwan looks forward to further deepening economic cooperation with Japan. In addition to actively seeking to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Taiwan hopes to sign an economic partnership agreement (EPA) with Japan as soon as possible. This will expand our cooperation in industries such as semiconductors, hydrogen energy, AI, and drones, establish a closer economic partnership, jointly strengthen the resilience of non-red supply chains, and promote mutual prosperity and development. Once again, I welcome all of our guests. I am deeply grateful for your taking concrete action to deepen Taiwan-Japan relations and show support for Taiwan. I wish you a successful and rewarding visit.  Representative Nishimura then delivered remarks, first thanking President Lai for taking time out of his busy schedule to meet with the visiting delegation. He also expressed admiration for the performance of President Lai’s government, which has allowed Taiwan to develop smoothly amidst the current complex international situation. Representative Nishimura mentioned that when former Prime Minister Abe unfortunately passed away in 2020, President Lai, who was vice president at the time, personally visited the former prime minister’s residence to offer his condolences. The representative said that including that meeting, today is the second time he and President Lai have met. This delegation’s visit to Taiwan, he said, carries on the legacy of former Prime Minister Abe. He said that Taiwan and Japan are countries that share universal values and have close ties in terms of economic cooperation and mutual visits. Notably, he highlighted, in 2024, business travelers from Taiwan made over six million visits to Japan, and based on population, Taiwan has the highest percentage of visitors to Japan. He also expressed hope that more Japanese people will visit Taiwan for tourism.   Representative Nishimura stated that the delegation visited Kaohsiung yesterday to pay their respects at the statue of former Prime Minister Abe. Then, he said, they traveled to Tainan to sample a wide variety of fruits and local delicacies, during which time they also discussed the Wushantou Reservoir, built by Japanese engineer Hatta Yoichi. Since May 8 is the anniversary of Mr. Hatta’s birth, Representative Nishimura said he hopes to use this opportunity to continue Mr. Hatta’s concern and love for Taiwan, and further deepen the friendship between Taiwan and Japan. Representative Nishimura said that when he served as Japan’s Minister of Economy, Trade, and Industry, he welcomed Taiwan’s application to join the CPTPP on behalf of the Japanese government. He also said that his government has also provided substantial assistance for the establishment of Taiwan Semiconductor Manufacturing Company’s (TSMC) fab in Kumamoto, Japan. He said he believes that mutual cooperation between Taiwan and Japan in the semiconductor sector can further promote semiconductor industry development, and build a more resilient supply chain system. Representative Nishimura pointed out that former Prime Minister Abe once said, “If Taiwan has a problem, then Japan has a problem.” Currently, many European countries are also very concerned about peace and stability in the Asia-Pacific region, because it is crucial to peace and stability in the entire international community. It can therefore be said that “if Taiwan has a problem, the world has a problem.” He said he believes that in order to maintain peace and stability in the Taiwan Strait, like-minded countries and allied nations must all cooperate closely and definitively proclaim that message. He then said he looks forward to exchanging views with President Lai on issues such as strengthening Taiwan-Japan relations and changes in the international situation. The delegation also included Chairman of Kanagawa Prefecture Japan-Taiwan Friendship Association Matsumoto Jun, Japanese House of Representatives members Nishime Kosaburo, Sasaki Hajime, Yana Kazuo, and Katou Ryusho, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki. 

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    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI NGOs: Aid instrumentalised and health system under fire: Gaza is being deliberately asphyxiated by Israeli forces

    Source: Médecins Sans Frontières –

    • While Israeli authorities let an insufficient amount of aid into Gaza to pretend the siege is over, ground operations continue to damage and put medical facilities out of service.
    • On 19 May, a strike hit Nasser hospital’s compound, damaging the Ministry of Health’s pharmacy store at a time when supplies are already running low.
    • Attacks on medical care must stop now and aid must enter Gaza in sufficient quantities.

    Jerusalem – The insufficient amount of aid being allowed into the Gaza Strip, Palestine, is merely a smokescreen to pretend the siege is over. Meanwhile, at least 20 medical facilities in Gaza have been damaged, or forced partially or completely out of service, in the past week by advancing Israeli ground operations, intensified airstrikes, and widespread evacuation orders. As people remain in desperate need of medical care and aid, Israeli authorities must stop the deliberate asphyxiation of Gaza and the annihilation of its healthcare system, that is underpinning their campaign of ethnic cleansing.

    “The Israeli authorities’ decision to allow a ridiculously inadequate amount of aid into Gaza after months of an air-tight siege signals their intention to avoid the accusation of starving people in Gaza, while in fact keeping them barely surviving,” says Pascale Coissard, Médecins Sans Frontières (MSF) emergency coordinator in Khan Younis. “This plan is a way to instrumentalise aid, making it a tool to further Israeli forces’ military objectives.” 

    Before October 2023, 500 aid trucks were entering Gaza every day, according to the UN. The current authorisation for 100 per day, when the situation is so dire, is woefully inadequate.

    Meanwhile, evacuation orders are continuing to uproot people, while Israeli forces are still subjecting health facilities to intensive attacks. 

    On 19 May, between 6 and 6.30am, MSF teams reported hearing almost one strike per minute in Khan Younis. One of these strikes hit the Nasser hospital compound, 100 metres away from the intensive care unit and the inpatient department that are run by MSF. This is the third time in two months that Nasser hospital compound has been struck, once again depriving people of treatment and care. To reduce exposure, our teams were forced to temporarily close both the outpatient department and sedation room for patients awaiting or recovering from surgery, as well as suspend physiotherapy and mental health activities, which are essential for burn patients – most of whom are children.

    The strikes on 19 May also severely damaged the Ministry of Health pharmacy store in Nasser hospital. This puts additional pressure on supplies at a time when medical stocks are running critically low due to the siege.  

    A strike that hit the Nasser hospital compound severely damaged the Ministry of Health pharmacy store. Gaza, Palestine, 20 May 2025.
    MSF

    As part of the expansion of their ground operations, Israeli forces have issued widescale evacuation orders, further limiting people’s access to medical care and MSF’s ability to provide it. On 19 May, for example, an evacuation order covering almost the entire eastern part of Khan Younis, at the edge of Nasser hospital, forced people to immediately move towards Al-Mawasi area.

    The Site Management Cluster estimates that over 138,900 people were forcibly displaced between 15-20 May. The intensified Israeli bombardments and evacuation orders across Khan Younis have forced MSF to maintain only lifesaving activities in the emergency rooms of Al-Attar and Al-Mawasi clinics. Since yesterday, Al-Hakker clinic, in Deir Al-Balah, has also been closed. Before that, MSF teams had been providing more than 350 consultations per day for paediatric, antenatal and post-natal care, psychological first aid and outpatient nutrition treatment among other things.

    A few days earlier, on 15 May, Israeli authorities issued an evacuation order to Sheikh Radwan basic healthcare centre in Gaza City, which led to the closure of the facility. Before that, with MSF’s support, the Ministry of Health teams were providing around 3,000 consultations per day in an area with estimated 250,000 people. This was the last fully functional public basic healthcare clinic in the area.

    According to the Ministry of Health, following the besiege of the Indonesian hospital, all public hospitals in North Gaza are now out of service. The MSF field hospital in Deir Al-Balah has seen its bed capacity rise to 150 per cent over the last few days, forcing us to add additional staff and increase our baseline by 20 beds. According to the UN, there are currently around 1,000 functional hospital beds across the Strip, while bed capacity before the war was 3,500.

    Attacks on civilians and healthcare must stop now and aid must enter Gaza in sufficient quantities and in a way that allows it to reach those who need it. Israel’s allies must exert all their pressure to make this happen as a matter of extreme urgency. Every day that is lost reinforces their complicity in the annihilation of the people of Gaza.

    MIL OSI NGO

  • MIL-OSI United Kingdom: Summer safety campaign revving up to target nuisance bikes

    Source: City of Stoke-on-Trent

    Stoke-on-Trent City Council’s ASB Team and Staffordshire Police are going full throttle on nuisance bikes, as the warmer months approach.

    Stoke-on-Trent City Council’s ASB Team and Staffordshire Police are going full throttle on nuisance bikes, as the warmer months approach.
     

    The safety campaign forms part of Operation Transom. The joint operation targets riders who damage green spaces and put the public at risk through the use of off-road motorbikes, electric bikes (e-bikes) and electric scooters (e-scooters) when not used lawfully.

    The summer safety campaign will also serve as educational reminders for how best to use the vehicles and will see increased council and police presence at known hot spots across the city.

    E-scooter users are reminded:
    The rules for motor vehicles also apply to e-scooters, including the need for a licence and insurance.

    There are only two ways to use an e-scooter: by privately owning one or by renting one through an authorised rental scheme.

    It is illegal to use e-scooters on the road or in public spaces such as parks, pavements and shopping centres.

    You can only use an e-scooter on private land, such as in a garden.

    If you breach the rules when using an e-scooter, you could face a fixed penalty notice – This is the same as driving a car with no insurance and having your driving license endorsed. Your e-scooter will also be seized and crushed.
     

    E-bike users are reminded:
    You can ride an e-bike without a license or insurance if you are 14 years old and over.

    If your e-bike fails to meet requirements (must have only two wheels, have an electric motor that can run at no more than 250 watts and a max speed of 15.5 mph), it must be taxed and insured as a motorcycle or moped.

    You can ride your e-bike on a cycle path or anywhere else where pedal bikes are allowed. They cannot be ridden on pavements.

    Off-road bike users are reminded:
    Riding an off-road bike on the road is a criminal offence.

    Off-road bikes can only be ridden on private land.

    Off-road bikes must be taxed and insured the same as any other vehicle and the rider must hold the appropriate driving licence and relevant CBT certificate.

    Councillor Majid Khan, cabinet member for Safe and Resilient Communities for Stoke-on-Trent City Council, said: “This campaign will highlight the dangers these bikes can cause, not only to the rider, but to the local area and residents.

    “Our ASB Team will work collaboratively with Staffordshire Police to target hot spot areas and take action where essential, but it’s also important the owners and users know the rules and laws associated with owning such vehicles.

    “Don’t waste your money. If you don’t have the appropriate land usage, insurances and licences, the vehicle will be taken away from you and action taken against you.

    “Every one of us has the right to live in a cleaner, greener and safer city.”

    So far this year, Staffordshire Police have seized 34 nuisance bikes. Nine off-road bikes and 25 e-bikes.

    Inspector Chris Moss, from Staffordshire Police’s road crime team, said: “Officers have worked with partners to take 34 nuisance bikes off the streets, and more will be coming.
     

    “We know the impact that nuisance bikes can have on local people and businesses, and how important it is for us to work proactively in local communities to tackle the issues that affect people the most.
     

    “People who ride bikes dangerously are putting themselves and others at risk, and we want to make it clear that we’re committed along with our partners to taking decisive action against those responsible across Staffordshire and Stoke-on-Trent”.

    In addition to the overall safety messages, increased concerns also lie with counterfeit lithium batteries, which pose a major fire risk.

    To report nuisance bikes in your area to Operation Transom, please email operationtransom@stoke.gov.uk. You can also ring 01782 233400. Please provide as much detail as possible.

    Incidents that are happening live should be reported directly to Staffordshire Police through the live chat on the website www.staffordshire.police.uk or by calling 101. In the case of an emergency, please call 999.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: First detection of West Nile virus in UK mosquitoes

    Source: United Kingdom – Government Statements

    News story

    First detection of West Nile virus in UK mosquitoes

    UKHSA says there is no evidence to suggest ongoing circulation of the virus in birds or mosquitos in the UK and the risk to the general public is very low

    A research programme by the  UK Health Security Agency (UKHSA) and the Animal and Plant Health Agency (APHA)  has identified fragments of West Nile Virus (WNV) genetic material in mosquitoes collected in Britain for the first time.

    West Nile Virus is a vector borne disease belonging to the Flaviviridae family, which also includes the viruses that cause dengue and yellow fever. It is usually found in birds, and typically circulates through bird-biting mosquitoes. In rare cases mosquitoes can transmit the virus to humans or horses.

    The fragments were detected through the Vector-Borne RADAR (Real-time Arbovirus Detection And Response) programme by APHA, using polymerase chain reaction (PCR) testing, in 2 samples of Aedes vexans mosquitoes collected by UKHSA from wetlands on the River Idle near Gamston (Retford), Nottinghamshire, during July 2023. The mosquitoes were pooled into groups of 10 for testing, and fragments of West Nile Virus genetic material were identified in 2 of the pools. The other 198 were negative. This is the first evidence of West Nile Virus detected in a mosquito in the UK. A further 198 pools from the same site tested negative for the virus.

    West Nile virus (WNV) is endemic in various regions across the globe, including  Europe, Africa, the Middle East, West and Central Asia, and North America, as well as South America, USA and Australia. The geographic range of West Nile Virus has expanded in recent years to more northerly and western regions of mainland Europe.

    The UKHSA has assessed the risk to the general public as very low, but is issuing advice to healthcare professionals so that patients with encephalitis of unknown cause can be tested as a precaution through UKHSA’s Rare and Imported Pathogens Laboratory.  

    There have been no cases of locally acquired West Nile Virus detected in humans or horses in the UK to date, although 7  travel-associated cases have occurred since 2000. Based on available surveillance, there is no evidence to suggest ongoing circulation of the virus in birds or mosquitos in the UK. Disease surveillance and control activities are being enhanced in light of the findings. Currently, the main risk of West Nile Virus for UK residents continues to be travel to endemic areas overseas. 

    Dr Meera Chand, UKHSA Deputy Director for travel health, zoonoses, emerging infections, respiratory and tuberculosis, said:

    While this is the first detection of West Nile Virus in mosquitoes in the UK so far, it is not unexpected as the virus is already widespread in Europe.

    The risk to the general public is currently assessed as very low. Vector research of this kind is designed to give us early warning of potential threats so that we can enhance our disease surveillance and control activities and ensure patients receive appropriate testing.

    Dr Arran Folly, Arbovirologist at APHA and lead of the Vector-Borne RADAR project concluded:

    The detection of West Nile virus in the UK is part of a wider changing landscape, where, in the wake of climate change mosquito-borne diseases are expanding to new areas. Only through continued surveillance can we assess the risk to animal and public health.  

    Our primary focus is to understand how viruses move into the country and how they are transmitted. Combined this can help us identify areas that may be at increased risk of outbreaks.

    The Vector-Borne RADAR project brings together a wealth of expertise across government and wildlife charities, to enhance the surveillance we undertake in the United Kingdom for mosquito-borne diseases.

    Aedes vexans are native to the UK and although they can be found widely at very low densities, in a few locations in England they can occur at high densities associated with summer flooded river landscapes. While uncommon, they are known to cause nuisance biting in a small number of areas in the country, including in villages along the River Idle near Retford, Nottinghamshire, where summer flooding and poor drainage is experienced. Recent efforts have taken place to manage the mosquito populations and to minimise suitable habitats for the main nuisance biting mosquito.

    As temperatures warm due to climate change, tick and mosquito species not currently native to the UK will begin to find the UK’s climate more bearable making it easier for them to survive, reproduce and establish a local population. Other species of mosquito, some of which have the potential to transmit infectious disease, can arrive in the UK in several ways, such as by becoming trapped in cars and lorries crossing the border into the UK. They may also be transported through trade channels in containers which are shipped internationally. UKHSA’s wider vector surveillance programmes involve monitoring transport hubs such as motorway service stations and truck stops, as well as other high-risk sites, to ensure that these invasive insects can be detected and eradicated before they disseminate more widely.

    Dr Jolyon Medlock, Head of Medical Entomology and Zoonoses Ecology at UKHSA, added:

    Our surveillance, which led to this discovery, monitors for mosquitoes across Britain to understand the distribution, density and activity across the country. We also monitor mosquito nuisance biting, so anyone experiencing this can contact our mosquito surveillance scheme and provide an image or sample.

    Mosquitoes breed in a range of natural wetlands, but can also be common in gardens, breeding in container habitats like water butts and buckets. Reducing opportunities for some mosquito species to access these containers with lids, or turning them over, can reduce mosquitoes numbers around our homes.

    Mosquitoes in the UK are also commonly found in wet woodland areas and various aquatic habitats, including ponds, ditches, marshes, and even garden water butts or cisterns. To avoid being bitten by a mosquito when in these types of areas, wear long-sleeved clothing and trousers to cover your arms and legs, use insect repellent on your skin (ideally one that contains the ingredient DEET),  close windows and doors whenever possible, or use blinds or screens.

    The Vector-Borne RADAR (Real-time Arbovirus Detection And Response) programme, funded by the UK Research and Innovation and the Department for Environment, Food and Rural Affairs, was created to help understand the emergence and transmission of zoonotic mosquito-borne viruses in the United Kingdom, and is also supported by ZSL’s Institute of Zoology and the British Trust for Ornithology. Part of its research has involved testing mosquito samples, both newly collected and archived from use in previous research, for the presence of West Nile Virus genetic material. A total of 32,000 mosquitoes have been tested through the scheme, with the latest samples tested submitted in 2024. Other types of mosquitoes tested include Culex modestus and Culex pipiens as the principal bridge and enzootic vectors.

    Updates to this page

    Published 21 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    Details
    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

    Details
    2025-05-09
    President Lai extends congratulations on election of His Holiness Pope Leo XIV  
    Following the successful election of the 267th pope of the Roman Catholic Church, His Holiness Pope Leo XIV, on May 8, President Lai Ching-te extended sincere congratulations on behalf of the people and government of Taiwan, including its Catholic community. The president stated that he looks forward to working with Pope Leo XIV to continue deepening cooperation in the area of humanitarian aid and jointly defend the universal value of religious freedom, expanding and strengthening the alliance between Taiwan and the Vatican. Upon learning of the election results, President Lai directed the Republic of China (Taiwan) Embassy to the Holy See to convey a message of congratulations. In the message, President Lai extended sincere congratulations to Pope Leo XIV on behalf of the people and government of Taiwan, including its Catholic community, expressing confidence that His Holiness will lead the Catholic Church and its 1.4 billion followers worldwide with profound wisdom. President Lai also emphasized that Taiwan looks forward to continuing to work alongside the Holy See in the shared pursuit of peace, justice, religious freedom, solidarity, friendship, and human dignity. This year marks the 83rd anniversary of the establishment of diplomatic ties between Taiwan and the Vatican. Enjoying a strong alliance, Taiwan and the Vatican share such universal values as freedom of religion, respect for human rights, peace, and benevolence, and conduct close exchanges. Taiwan will continue to engage in exchanges and cooperation with the Holy See, further strengthen bilateral relations, and work alongside the Holy See to contribute even more to the world.  

    Details
    2025-05-05
    President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi
    On the afternoon of May 5, President Lai Ching-te met with a delegation from Japan led by House of Representatives Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi. President Lai thanked the government of Japan for continuously speaking up for Taiwan at international venues and reiterating the importance of peace and stability in the Taiwan Strait. The president stated that to address China’s gray-zone aggression against neighboring countries, Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. He said he looks forward to bilateral industrial cooperation in fields including semiconductors, hydrogen energy, AI, and drones, jointly strengthening the resilience of non-red supply chains, and promoting mutual prosperity and development.    A translation of President Lai’s remarks follows: I would like to welcome all the members of the Japanese Diet who are using their valuable Golden Week vacation to visit Taiwan, especially House of Representatives Member Nishimura Yasutoshi, whom former Prime Minister Shinzo Abe deeply trusted and relied on, and who for many years held important cabinet positions. This is his first visit after a hiatus of 17 years, so I am sure he will sense Taiwan’s progress and development. House of Representatives Member Tanaka Kazunori has long promoted local exchanges between Taiwan and Japan, and I hope that our visitors will all gain a deeper understanding of Taiwan through this visit.  Yesterday, several of our distinguished guests made a special trip to Kaohsiung to pay their respects at the statue of former Prime Minister Abe, a visionary politician with a broad, international perspective. The former prime minister pioneered the vision of a free and open Indo-Pacific, and once said that “if Taiwan has a problem, then Japan has a problem,” demonstrating strong support for Taiwan and making a deep and lasting impression on the hearts of Taiwanese. Over the past few years, China has continuously conducted military exercises in the Taiwan Strait, East and South China Seas, and carried out acts of gray-zone aggression against neighboring countries, severely undermining regional peace and stability. Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. Especially since Taiwan and Japan are democratic partners who share values such as freedom, democracy, and respect for human rights, if we can strengthen cooperation in areas such as maritime security, social resilience, and addressing gray-zone aggression, I am confident we can demonstrate the strength of deterrence, ensure peace and stability in the Indo-Pacific region, and safeguard our cherished democratic institutions. I would like to take this opportunity to thank the Japanese government for continuously speaking up for Taiwan at international venues, including this year’s US-Japan leaders’ summit, the G7 foreign ministers’ joint statement, and the Japan-NATO bilateral meeting, reiterating the importance of peace and stability in the Taiwan Strait and expressing opposition to unilaterally changing the status quo by force or coercion. In the face of global economic and trade changes, economic security is becoming increasingly important, and Taiwan looks forward to further deepening economic cooperation with Japan. In addition to actively seeking to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Taiwan hopes to sign an economic partnership agreement (EPA) with Japan as soon as possible. This will expand our cooperation in industries such as semiconductors, hydrogen energy, AI, and drones, establish a closer economic partnership, jointly strengthen the resilience of non-red supply chains, and promote mutual prosperity and development. Once again, I welcome all of our guests. I am deeply grateful for your taking concrete action to deepen Taiwan-Japan relations and show support for Taiwan. I wish you a successful and rewarding visit.  Representative Nishimura then delivered remarks, first thanking President Lai for taking time out of his busy schedule to meet with the visiting delegation. He also expressed admiration for the performance of President Lai’s government, which has allowed Taiwan to develop smoothly amidst the current complex international situation. Representative Nishimura mentioned that when former Prime Minister Abe unfortunately passed away in 2020, President Lai, who was vice president at the time, personally visited the former prime minister’s residence to offer his condolences. The representative said that including that meeting, today is the second time he and President Lai have met. This delegation’s visit to Taiwan, he said, carries on the legacy of former Prime Minister Abe. He said that Taiwan and Japan are countries that share universal values and have close ties in terms of economic cooperation and mutual visits. Notably, he highlighted, in 2024, business travelers from Taiwan made over six million visits to Japan, and based on population, Taiwan has the highest percentage of visitors to Japan. He also expressed hope that more Japanese people will visit Taiwan for tourism.   Representative Nishimura stated that the delegation visited Kaohsiung yesterday to pay their respects at the statue of former Prime Minister Abe. Then, he said, they traveled to Tainan to sample a wide variety of fruits and local delicacies, during which time they also discussed the Wushantou Reservoir, built by Japanese engineer Hatta Yoichi. Since May 8 is the anniversary of Mr. Hatta’s birth, Representative Nishimura said he hopes to use this opportunity to continue Mr. Hatta’s concern and love for Taiwan, and further deepen the friendship between Taiwan and Japan. Representative Nishimura said that when he served as Japan’s Minister of Economy, Trade, and Industry, he welcomed Taiwan’s application to join the CPTPP on behalf of the Japanese government. He also said that his government has also provided substantial assistance for the establishment of Taiwan Semiconductor Manufacturing Company’s (TSMC) fab in Kumamoto, Japan. He said he believes that mutual cooperation between Taiwan and Japan in the semiconductor sector can further promote semiconductor industry development, and build a more resilient supply chain system. Representative Nishimura pointed out that former Prime Minister Abe once said, “If Taiwan has a problem, then Japan has a problem.” Currently, many European countries are also very concerned about peace and stability in the Asia-Pacific region, because it is crucial to peace and stability in the entire international community. It can therefore be said that “if Taiwan has a problem, the world has a problem.” He said he believes that in order to maintain peace and stability in the Taiwan Strait, like-minded countries and allied nations must all cooperate closely and definitively proclaim that message. He then said he looks forward to exchanging views with President Lai on issues such as strengthening Taiwan-Japan relations and changes in the international situation. The delegation also included Chairman of Kanagawa Prefecture Japan-Taiwan Friendship Association Matsumoto Jun, Japanese House of Representatives members Nishime Kosaburo, Sasaki Hajime, Yana Kazuo, and Katou Ryusho, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki. 

    Details
    2025-05-02
    President Lai meets Atlantic Council delegation
    On the afternoon of May 2, President Lai Ching-te met with a delegation from the Atlantic Council, a think tank based in Washington, DC. In remarks, President Lai said that we have already proposed a roadmap for deepening Taiwan-US trade ties to achieve a common objective of reducing all bilateral tariffs. At the same time, the president said, we will expand investments across the United States and create win-win outcomes for both sides through the trade and economic strategy of “Taiwan plus the US.” The president also emphasized that Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. He expressed hope that, given shared economic and security interests, Taiwan and the US will generate even greater synergy and prove to be each other’s strongest support. A translation of President Lai’s remarks follows: I welcome you all to Taiwan. In particular, Vice President Matthew Kroenig visited Taiwan last June and now is making another trip less than a year later. He also contributed an important article supporting Taiwan to a major international publication, highlighting the concern that our international friends have for Taiwan. We are truly moved and thankful. On behalf of the people of Taiwan, I sincerely thank all sectors of the US for their longstanding and steadfast support for Taiwan. Especially, as we face the challenges arising from the regional situation, we hope to continue deepening the Taiwan-US partnership. Holding a key position on the first island chain, Taiwan faces military threats and gray-zone aggression from China. We will continue to show our unwavering determination to defend ourselves. I want to emphasize that Taiwan is accelerating efforts to enhance its overall defense capabilities. The government will also prioritize special budget allocations to increase Taiwan’s defense spending from 2.5 percent of GDP to more than 3 percent. This reflects the efforts we are putting into safeguarding our nation and demonstrates our determination to safeguard regional peace and stability. During President Donald Trump’s first term, Taiwan purchased 66 new F-16V fighter jets. The first of these rolled off the assembly line in South Carolina at the end of this March. This is crucial for Taiwan’s strategy of achieving peace through strength. In the future, we will continue to procure defense equipment from the US that helps ensure peace and stability across the Taiwan Strait. We also look forward to bilateral security collaboration evolving beyond arms sales to a partnership that encompasses joint research and development and joint manufacturing, further strengthening our cooperation and exchanges. Taiwan firmly believes in fair, free, and mutually beneficial trade ties. Indeed, we have already proposed a roadmap for deepening Taiwan-US trade ties. This includes our common objective of reducing all bilateral tariffs as well as narrowing the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. At the same time, we will expand investments across the US. We will promote our “Taiwan plus one” policy, that is, the new trade and economic strategy of “Taiwan plus the US,” to build non-red supply chains and create win-win outcomes for both sides. As the US is moving to reindustrialize its manufacturing industry and may hope to become a global manufacturing center for AI, Taiwan is willing to join in the efforts. Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. We have every confidence that, given shared Taiwan-US economic and security interests, we can generate even greater synergy and prove to be each other’s strongest support. In closing, I thank Vice President Kroenig once again for leading this delegation, demonstrating support for Taiwan. I look forward to exchanging opinions with you all in just a few moments. I wish you a smooth and successful trip. Vice President Kroenig then delivered remarks, first thanking President Lai for hosting them. He said that it is an honor to be here and to lead a delegation from the Atlanta Council, which consists of a mix of former senior US government officials with responsibility for Taiwan and also rising stars visiting Taiwan for the first time. Vice President Kroenig said that they are here at a critical moment, as there is an ongoing war in Europe, multiple conflicts in the Middle East, and increased Chinese aggression in the Indo-Pacific. Moreover, he pointed out, the regimes of China, Russia, Iran, and North Korea are increasingly working together in a new axis of aggressors. Vice President Kroenig indicated that the challenge facing the US and its allies and partners, including Taiwan, is how to deter these autocracies and maintain global peace, prosperity, and freedom, especially in Taiwan, whose security and stability matter, not only for Taiwan, but also for the US and the world. Vice President Kroenig assured President Lai and the people of Taiwan that the US is a reliable partner for Taiwan. The vice president stated that the administration under President Trump is prioritizing the deterrence of China, and that President Trump has announced an intention to have the largest US defense budget in history, more than US$1 trillion, to resource this priority. Pointing out that an America-first president will not help a country that is not helping itself, Vice President Kroenig said that their delegation has been impressed with the steps President Lai and the administration are taking to strengthen Taiwan’s security, including increasing defense spending, developing a societal resilience strategy, and using cutting edge technologies like unmanned systems to promote indigenous defense production. Vice President Kroenig said that more than money and equipment are necessary to secure a democracy against a powerful and ruthless neighbor, adding that history shows that the human factor is the most important. In the end, he said, it will be the will of the people of Taiwan to resist coercion and to defend their home which will be the most important factor determining the future fate of Taiwan and for the ability of the people of Taiwan to chart their own destiny. Vice President Kroenig emphasized that Americans are willing to support Taiwan in this endeavor, but it will be the people of Taiwan and strong and capable leaders like President Lai at the forefront of this struggle, with the firm support of America. Vice President Kroenig said that as the US and Taiwan work together on these challenges, the Atlantic Council looks forward to offering support behind the scenes. Founded in 1961 to support the Transatlantic Alliance, he said, the Atlantic Council is a global think tank, and part of its DNA is working closely with friends and allies in the Indo-Pacific, including Taiwan. He said they look forward to continuing their close and longstanding cooperation with Taiwan through visiting delegations, research and reports, and public and private events. In closing, Vice President Kroenig thanked President Lai again for hosting them and for the work he is doing to secure the free world. The delegation also included former Deputy Assistant Secretary of Defense for East Asia Heino Klinck and former Director for Taiwan Affairs at the White House National Security Council Marvin Park.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI: CBAK Energy to Participate in The Battery Show Europe on June 3, 2025

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, May 21, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy”, or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced its participation in the upcoming The Battery Show Europe (the “Event”), scheduled from Tuesday, June 3, 2025 to Thursday, June 5, 2025.

    Event Details:
    Date: June 03-05, 2025 (Europe Time)
    Venue: Messe Stuttgart, Messepiazza 170629 Stuttgart
    Booth: Hall 9-E40

    CBAK Energy’s sales team and R&D department, along with key members of our management, will be attending the Event. All interested parties are welcomed to visit our booth and engage with our team.

    About CBAK Energy
    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn

    About The Battery Show
    The Battery Show Europe 2025 will bring together over 1,000 exhibitors from across the globe, showcasing cutting-edge solutions and products that span the entire battery supply chain, from raw materials to recycling. Explore the latest market innovations across Europe’s largest battery technology expo. and gain new ideas for increased battery efficiencies and reduced manufacturing costs.

    For more information, please visit https://www.thebatteryshow.eu

    For further inquiries, please contact:

    In China:

    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn

    The MIL Network

  • MIL-OSI Russia: Stuntmen’s meetings and a motorcycle show will take place this weekend at the Moskino cinema park

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Guests of the Moskino Cinema Park will have an exciting weekend on May 24 and 25. The program includes meetings with professionals from the Stuntmen’s Guild of Russia, Armenia, Georgia and Belarus, staged stunts from famous films and much more.

    Scenes from the movie

    On May 24, stunt masters will perform an extreme motorcycle show on the central square with ramps, riding on one wheel and acrobatic elements. At 18:00, viewers will see one of the scariest scenes in cinema – burning, which will be safe for participants and spectators. From 12:00 to 18:00, young guests will have lessons on riding children’s motorcycles, as well as themed photo sessions.

    At the “Berlin Streets” venue, from 12:30, viewers will see scenes of military chases and shootouts. In “Cowboy Town”, viewers will be shown a bank takeover with horse chases and falls from a window and roof. In addition, everyone will witness a cowboy duel in the traditions of the Wild West. In the “Pitersky Bar”, a gangster fight in the style of the 90s will unfold under the spotlight and the work of a film crew. Visitors will be shown an excerpt based on the film “Brother 2”, which will include furniture smashing, broken dishes and other bright moments.

    At the Moscow of the 1940s site, you can watch how scenes with car chases, rooftop shooting and falls are created. In addition, guests will be offered to ride in retro cars, trying on hats and gloves from that era.

    Buy a ticket you can on the website.

    Meetings with stuntmen

    On May 24 from 13:00 to 14:00, the Gonzaga Theater will host a conference with the participation of professional stuntmen. The audience will meet the vice-president of the Russian Stuntmen’s Guild Varvara Nikitina, stuntmen Nino Daisadze from Georgia and Arman Berikyan from Armenia, as well as stunt coordinator at the Belarusfilm studio Alexander Sitnik. The artists will talk about the specifics of the profession and answer questions from the audience.

    On May 25 at 13:00, a meeting with stuntmen Evgeny Bogorodsky and Vladimir Karpovich will begin. Evgeny Bogorodsky is a laureate of the professional awards “Alter Ego”, “For Contribution to the Profession” and “Golden Fang” – for his work with animals in cinema. He took part in the filming of the films “Taras Bulba”, “The Legend of Kolovrat” and others.

    Vladimir Karpovich has over 300 films to his credit, including “Brother 2”, “9th Company”, “Brest Fortress” and “Inhabited Island”. Filmmakers will talk about their profession and share stories from their lives.

    On May 24 and 25 from 17:00 to 19:00 there will be meetings with the President of the Russian Stuntmen’s Guild Alexander Inshakov. He will talk about working with famous directors and participating in the films “Brigada”, “A Man from Boulevard des Capucines”, “Assa”.

    On Saturday and Sunday from 15:00 to 16:30, the fencing duo “Breter” will perform at the Gonzaga Theatre. The specialists will show maneuvers on stage and take part in staged battles.

    On May 25 at 19:00 on the same site, the director of the film park Kirill Kosenko and stuntman Alexander Inshakov will sum up the results of the festival and solemnly award the best stunt directors and performers.

    Movie screenings for the whole family

    On May 24 and 25, the Moskino Kinopark cinema will show sci-fi and family films. The adventure cartoon Hansel and Gretel: Mission Sleeping Beauty will tell the story of super agent Gretel and her clever brother, who will have to solve many mysteries and defeat enemies. The family comedy Paddington 3 will once again remind us of the bear cub and the Brown family, who this time go to Peru. You can also watch the film Nightingale vs. Muromets, where the main character ends up in the modern world, as well as the war drama Not Listed Based on the story of the same name by Boris Vasiliev, the sci-fi action film Kraken about the battle of sailors with a terrible inhabitant of the ocean depths, and other films.

    Tickets are available for purchase on the film park website.

    The event contributes to the implementation of the goals and objectives of the national project “Family” in the city of Moscow.

    The Moskino cinema park is part of Sergei Sobyanin’s “Moscow – City of Cinema” project and an object of the Moscow cinema cluster, which is being developed by the capital Department of Culture. The first stage of creation has already been completed here: 24 natural sites, four pavilions and six infrastructure facilities have been built. Among them are the sets “Center of Moscow”, “Moscow of the 1940s”, “Vitebsk Station”, “Yurovo Airport”, “Cathedral Square of Moscow”, “Deaf Village”, “County Town”, “Cowboy Town”, “St. Petersburg Bar” and other sites.

    The Moscow Film Cluster is an infrastructure facility, services and facilities for filmmakers, which are being developed by the Moscow Government within the framework of the Moscow — City of Cinema project. Its structure includes the Moskino film park, the Gorky Film Studio (sites on Sergei Eisenstein Street and Valdaisky Proyezd), the Moskino film factory, the Moskino cinema chain, the film commission and the Moskino film platform.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

     

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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

    https: //vv.mos.ru/nevs/ite/154122073/

    MIL OSI Russia News

  • MIL-OSI Security: San Diego Man Charged with Smuggling Exotic Live Birds

    Source: Office of United States Attorneys

    SAN DIEGO – Ricardo Alonzo of San Diego appeared in federal court today to face charges that he smuggled 17 exotic birds into the United States from Mexico under the seat of his car.

    According to a complaint, Alonzo was the driver and registered owner of a vehicle that was intercepted by U.S. Customs and Border Protection officers at the San Ysidro Port of Entry. Officers found four bags containing 10 Burrowing Parakeets, five Yellow-Crowned Amazon Parrots, and two Red-Lored Amazon Parrots underneath the rear seat. The two Red-Lored Amazon Parrot chicks did not survive; the surviving birds were transferred to a quarantine facility managed by the U.S. Department of Agriculture.

    “Trafficking exotic birds isn’t just illegal — it’s cruel and dangerous,” said U.S. Attorney Adam Gordon. “These actions put the lives of helpless animals at risk and expose the public and other animals to serious diseases.”

    “This charge underscores our unwavering commitment to protecting vulnerable wildlife and holding traffickers accountable for their crimes,” said Shawn Gibson, special agent in charge of HSI San Diego. “We are grateful to our dedicated law enforcement partners whose collaboration was instrumental in bringing this individual to justice.”

    According to the U.S.  Fish and Wildlife Service, Amazon parrots are native to Mexico, the West Indies, and northern South America, while Burrowing Parakeets are local to Chile and Argentina.  All 30-some species of Amazon parrots, as well as the Burrowing Parakeets, are listed on either Appendix I or Appendix II of the Convention on International Trade in Endangered Species of Wild Flora and Fauna (“CITES”).

    The successful smuggling of undeclared Amazon parrots and Burrowing Parakeets into the U.S. means no quarantine period or process. This would be dangerous to the United States as birds can carry and spread Avian influenza (bird flu), psittacosis, and histoplasmosis. Bird flu is highly contagious and can cause flu like symptoms, respiratory illness, pneumonia and death in humans and other birds including birds in United States poultry farms. Quarantining animals entering the United States is intended to safeguard against this potential disease transmission.

    This case is being prosecuted by Assistant U.S. Attorney Parker Gardner-Erickson.

    DEFENDANT                                                             Case Number 25mj2712-VET                                 

    Ricardo Alonzo                                               Age: 26                                   San Diego, CA

    SUMMARY OF CHARGES

    Importation Contrary to Law – Title 18, U.S.C., Section 545

    Maximum penalty: Twenty years in prison and $250,000 fine

    INVESTIGATING AGENCIES

    U.S. Fish and Wildlife Service

    Homeland Security Investigations

    *The charges and allegations contained in an indictment or complaint are merely accusations, and the defendants are considered innocent unless and until proven guilty.

    MIL Security OSI

  • MIL-OSI: Form 8.3 – Renold plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: Jupiter Fund Management Plc
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c)   Name of Offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Renold plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    20th May 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    No

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 5p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 22,776,962 10.10%    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    22,776,962 10.10%    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists: None
    Details, including nature of the rights concerned and relevant percentages: None

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    N/A      

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    NONE        
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
    NONE        

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
    None      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 21st May 2025
    Contact name: Claire Rodway
    Telephone number: 0203 817 1441

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network