MIL Email Publisher – Foreign Submissions

Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

Madrid/Nairobi 24.06.26 – Five years after three Médecins Sans Frontières/Doctors Without Borders (MSF) staff members were brutally killed in central Tigray, Ethiopia, the Government of Ethiopia has shown no sign of concluding and sharing the outcomes of a credible and impartial investigation, despite our continuous engagement efforts. On 24 June 2021, María Hernández Matas, Tedros Gebremariam Gebremichael, and Yohannes Halefom Reda were shot while they were in the area looking for people in need of medical assistance, after reports of heavy fighting.  

One year on since MSF published its internal review into the brutal killing, the families of María, Tedros, and Yohannes have still not received any official communication or substantiated findings regarding what happened that day, and we urge the Government of Ethiopia to fulfil its obligation in finishing and releasing the investigation.

The findings of an MSF review published one year ago confirmed that the attack was an intentional and targeted killing of three clearly identified aid workers. They also established that a convoy of Ethiopian National Defence Forces (ENDF) was present at the time of the incident, on the same road where our colleagues were killed.  

May 2026 marked 10 years since the United Nations Security Council unanimously adopted Resolution 2286, in which states committed to uphold their obligations under International Humanitarian Law and protect medical humanitarian personnel. However, the Tigray incident is emblematic of a global failure to fulfil this commitment, as states neglect their duty to investigate and hold accountable those responsible for attacks on humanitarians and medical staff.

Maria, Tedros, and Yohannes lost their lives while providing lifesaving assistance to people in crisis. Their murder must not be forgotten, nor met with silence, just as attacks should not be normalised and enabled by impunity. States need to maintain their commitment to building a safer environment for humanitarians through concrete actions and not just empty words.

MSF urges the United Nations Security Council, and all states, to take stronger action on ensuring incident accountability and the safety of humanitarian personnel. We call upon all states to uphold their responsibility to respect – and ensure respect for – international humanitarian law, including the protection of aid workers.

MSF is an international, medical, humanitarian organisation that delivers medical care to people in need, regardless of their origin, religion, or political affiliation.  MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. Every year more than 120 Australians and New Zealanders go on assignment with Médecins Sans Frontières  working as: doctors, midwives, psychologists, laboratory technicians, human resource/finance coordinators, pharmacists, mental health specialists and logisticians. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

Source: Andersen Global

SAN FRANCISCO – Andersen Global strengthens its footprint in Southeast Asia as VDB Loi in Indonesia rebrands to Andersen in Indonesia, becoming the newest member firm to join the organization.

Andersen in Indonesia provides tax and legal advisory services to multinational companies and foreign investors operating in the Indonesian market. The firm combines decades of market experience with a practical approach focused on delivering clear, tailored guidance across complex regulatory and cross-border matters.

“Adopting the Andersen brand reflects our commitment to providing clients with high-quality, practical tax and legal advice supported by broader international collaboration,” said Tommy Hendharto Oetomo, managing partner of Andersen in Indonesia. “Clients operating in Indonesia require increasingly coordinated cross-border support. Becoming a member firm strengthens our ability to deliver that service with consistency and clarity.”

“Indonesia remains an important market for organizations investing and expanding throughout Southeast Asia,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “The addition of Andersen in Indonesia further strengthens our presence in the region and builds on the strong collaboration already established with Andersen in Vietnam and Andersen in Cambodia.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 50,000 professionals worldwide and a presence in over 1,000 locations through its member firms and collaborating firms.

Source: ONEKEY

AI systems will uncover an increasing number of security vulnerabilities. This makes it all the more important to accurately assess their significance and the need for action.

Düsseldorf, June 23, 2026 — Artificial intelligence is fundamentally reshaping cybersecurity. New AI models can identify software flaws and security vulnerabilities faster than ever before. For manufacturers of connected devices, machines and systems, the growing volume of newly discovered vulnerabilities can only be effectively assessed and managed through automated processes. These processes also enable organisations to demonstrate compliance with an increasing number of regulatory requirements. This is the conclusion of a recent analysis by Düsseldorf-based product cybersecurity specialist ONEKEY.

Based on current trends and expert assessments, the number of discovered security vulnerabilities is set to rise dramatically in the future due to the use of powerful AI systems. However, the real challenge begins after that. Companies must determine which vulnerabilities are relevant, their impact on specific products, and the necessary measures. This is precisely where AI-only solutions reach their limits.

“Finding a vulnerability is not the same as understanding its significance for a product, considering its areas of application and risks, or making decisions that withstand regulatory scrutiny,” explained Jan Wendenburg, CEO of ONEKEY. AI is useful for initial testing and accelerating security analyses. Additional tools are required to ensure predictable results, clearly traceable audit evidence, compliance documentation, and robust risk assessments.

Reliable Evidence for Decision-Making and Compliance

This is particularly relevant in light of new regulatory requirements, such as the Cyber Resilience Act (CRA), the Radio Equipment Directive (RED), and the IEC 62443 series of standards. In the future, manufacturers will need to demonstrate which software components are included in their products, identify existing vulnerabilities, explain their potential impact, and detail how risks have been addressed.

While modern AI tools are increasingly capable of identifying potential vulnerabilities, the analysis indicates that companies still need transparent and robust decision-making foundations. This includes a Software Bill of Materials (SBOM), vulnerability assessments (VEX), technical evidence of a product's actual exposure, and documentation that can withstand audits and certifications.

A Combined Approach Involving Firmware Analysis, Security Management, and AI

ONEKEY relies on an integrated approach that combines automated firmware analysis, vulnerability management, and AI-based support. The ONEKEY platform analyzes firmware directly at the binary level. It automatically generates a software bill of materials and assesses the relevance of vulnerabilities within a product's specific context.

This reduces the workload by more than 60 percent. Additionally, the solution effectively identifies unknown vulnerabilities, such as insecure communication channels, hard-coded credentials, and potential attack vectors through code injections.

At the same time, ONEKEY continues to expand the use of artificial intelligence across its platform. Machine learning technologies are already being used to identify additional software components automatically. AI-powered chat capabilities and an intelligent analysis assistant, which automatically classifies security findings and supports prioritization decisions, will be available this summer. In addition, the ONEKEY platform is being enhanced with agentic AI systems to provide manufacturers and operators of smart products with an effective and highly automated platform. The goal is to help organizations manage growing cybersecurity requirements and increasing volumes of security findings efficiently while minimizing the resources required.

AI, Evidence, and Security Processes

“The use of AI increases the number of results. However, professional cybersecurity decisions must continue to be transparently documented, evaluated, and monitored,” the study concluded. According to ONEKEY, relying solely on AI can actually increase risk rather than improve security without structured product security processes.

Consequently, ONEKEY is investing heavily in expanding AI within its platform. Machine learning is already being used to improve security analyses further. The development roadmap also includes new AI-based features that will support companies in assessing, prioritizing, and addressing security risks. ONEKEY will unveil its first new product features in the coming weeks.

ONEKEY is the leading European specialist in Product Cybersecurity & Compliance Management and part of the investment portfolio of PricewaterhouseCoopers Germany (PwC). The unique combination of the automated ONEKEY Product Cybersecurity & Compliance Platform (OCP) with expert knowledge and consulting services provides fast and comprehensive analysis, support, and management to improve product cybersecurity and compliance from product purchasing, design, development, production to end-of-life.

Critical vulnerabilities and compliance violations in device firmware are automatically identified in binary code by AI-based technology in minutes – without source code, device, or network access. Proactively audit software supply chains with integrated Software Bills of Materials (SBOMs) generation. “Digital Cyber Twins” enable automated 24/7 post-release cybersecurity monitoring throughout the product lifecycle.

The integrated ONEKEY Compliance Wizard already supports compliance with requirements from IEC 62443-4-2, ETSI EN 303 645, UNECE R155, and many other standards and regulations.

As part of the EU-funded CRACoWi (Cyber Resilience Act Compliance Wizard) project, ONEKEY is collaborating with 13 European partners to develop an AI-powered assistant for the automated implementation of the EU Cyber Resilience Act (CRA).

The solution will guide companies through the entire compliance process—from the initial CRA scope assessment to the generation of the required Declaration of Conformity.

The Product Security Incident Response Team (PSIRT) is effectively supported by the integrated automatic prioritization of vulnerabilities, significantly reducing the time to remediation.

Leading international companies in Asia, Europe and the Americas already benefit from the ONEKEY Product Cybersecurity & Compliance Platform (OCP) and ONEKEY Cybersecurity Experts.

Source: deVere Group

June 23 2026 – Global stock markets sold off sharply on Tuesday as a wave of selling swept through tech and semiconductor stocks, prompting investors to reassess some of the assumptions that have driven markets higher over the last two years.

This is the bearish analysis from Nigel Green of global financial advisory giant deVere Group as the sell-off stretched from Asia to Europe and Wall Street futures, with South Korea's tech-heavy Kospi index plunging 10%, dragged lower by losses of more than 12% in both Samsung Electronics and SK Hynix.

European markets followed suit. The pan-European Stoxx 600 fell 1.2% in early trading, while the Stoxx 600 Technology index tumbled 3.2%. Semiconductor stocks were among the hardest hit, with STMicroelectronics and Dutch chip equipment maker ASMI both falling more than 7%.

In the US, futures linked to the Nasdaq 100 dropped 2.7% ahead of the opening bell. Semiconductor stocks came under intense pressure, with Intel down 7.8% in pre-market trading, Micron falling 8.4%, AMD dropping 6%, and Nvidia losing 3%.

SpaceX extended its dramatic decline, falling a further 3.6% in pre-market trading after suffering a 16% slide during Monday's session.

The weakness follows a sharp rotation out of the so-called Magnificent Seven stocks, with Amazon and Meta continuing their declines in pre-market trading.

Nigel Green comments: “Markets are getting a cold shower.

“For the last two years investors have been willing to pay almost any price for the promise of AI-driven growth.

“Suddenly they're asking the questions they should have been asking all along. Where are the returns? How sustainable is the spending? And what happens if the global economy proves weaker than we expected?”

The sell-off comes as investors increasingly question whether the enormous sums being committed to AI infrastructure will generate sufficient earnings growth to justify current valuations.

Major tech companies have committed hundreds of billions of dollars to AI-related spending, from data centres and chips to software and cloud infrastructure.

Nigel Green says: “For a long time the market treated AI spending as unquestionably positive.

“Investors are now becoming more demanding. They want evidence that unprecedented spending will translate into unprecedented profits.”

He stresses that the market reaction goes beyond AI itself.

“This is bigger than just tech. The market is beginning to challenge a whole series of assumptions that have been supporting valuations.

“The belief that growth would remain strong. The belief that rate cuts would arrive smoothly. The belief that AI would quickly transform earnings. The belief that recession risks had largely disappeared.

“That's a whole load of optimism built into share prices.”

The current move reflects investors revisiting risks that many had largely pushed aside.

“The recession question is creeping back into conversations too. Economic growth is slowing in several areas. Consumers are becoming more selective. Businesses are being more careful with spending.

“Meanwhile, companies are continuing to commit vast sums to AI infrastructure.

“Investors are naturally asking whether those expectations remain realistic.”

He argues the sharp losses across semiconductor stocks are particularly revealing.

“Chipmakers sit at the centre of the AI story.

“If investors start questioning AI spending, semiconductor companies are among the first names to come under pressure, which is pretty much what we're seeing right now.”

The deVere CEO says the speed of the sell-off reflects how crowded the trade had become.

“The AI trade became one of the most crowded trades in global markets. When everybody owns the same stocks, the exit door becomes very small very quickly.

“A lot of today's selling is not about deteriorating fundamentals overnight, but investors reducing exposure to a trade that had become extremely one-sided.”

Despite the sharp declines, he does not believe markets are entering crisis territory.

“This is a reality check. It appears that investors are rediscovering something fundamental: earnings and valuations still matter, and economic cycles haven't been abolished.”

He concludes: “The market is marking down expectations.

“What we're witnessing now is investors demanding proof instead of promises.

“That shift can be uncomfortable, but it's ultimately healthy.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

Source: GlobalData

A memorandum of understanding (MoU) signed between the US and Iran recently has reopened the Strait of Hormuz and extended a ceasefire. Yet for global business, the MoU does not mark the end of the crisis; instead, it starts a 60-day negotiating clock on Iran's nuclear programme, frozen assets, and Lebanon's fragile ceasefire. The base-case outcome is a “phantom ceasefire” that keeps energy costs elevated and weighs on global growth well into 2027, according to GlobalData, a leading intelligence and productivity platform.

The economic damage from the 112-day conflict is already locked in. The Strait of Hormuz's near-total closure drove global oil output down by 6.9 million barrels per day in Q2 2026, the largest quarterly fall since COVID-19. Brent crude surged past $120 per barrel, Qatari LNG faced force majeure, and GlobalData revised its 2026 global growth forecast down to 2.6%, from 2.9% in 2025. The reopening of the strait is material, but the damage is not yet over.

Ramnivas Mundada, Director of Economic Research and Companies at GlobalData, comments: “The MoU ends the shooting war. Whether it ends the economic war depends entirely on the next 60 days. Nuclear enrichment levels, Iran's $24 billion in frozen assets, and Lebanon's compliance are all unresolved. Markets have re-priced relief; what they have not re-priced is the risk of failure. Businesses that plan as if the crisis is over are making a dangerous assumption.”

What the MoU delivers, and what it defers

The MoU has four elements. First, the strait is reopening on alternative northern and southern routes while the main channel – containing an estimated 80 mines – is cleared. Second, a 60-day ceasefire extension reduces war-risk insurance premiums as traffic normalizes. Third, it creates a nuclear negotiating framework, covering a temporary moratorium on uranium enrichment and the disposition of Iran's 440-kilogram stockpile of 60%-enriched uranium, as confirmed by the IAEA. Fourth, ceasefire compliance in Lebanon is linked to the overall deal – a provision Iran is already invoking after Israeli strikes continued post-signing.

Critically, the MoU does not lift sanctions, release frozen assets, or resolve the nuclear dispute. The US is pushing for a 20-year enrichment pause; Iran will not go above ten years. All final-status issues are deferred to the 60-day window.

Three scenarios: what businesses must plan for

GlobalData's scenario analysis, grounded in IMF and World Bank modelling, sets out three paths from the 60-day window.

 

Under GlobalData's base case scenario, the “phantom ceasefire,” Brent crude's range will sustain inflationary pressure across energy-importing economies into 2027. The IMF estimates that for every sustained $10 increase in oil prices, global GDP growth falls by 0.2–0.3 percentage points – a drag that compounds if the disruption persists beyond two quarters.

Asymmetric impact: who is most exposed

GlobalData cut its 2026 Middle East and North Africa growth forecast by 2.6 percentage points to 1.1%. Iran faces a contraction of 5.9%, a swing of more than seven points from its January baseline. Saudi Arabia's forecast was trimmed from 4.6% to 1.7%. Asia's large energy importers – China, India, Japan, and South Korea – absorb the bulk of Gulf oil exports and face higher energy bills and persistent inflation pass-through. Europe confronts an LNG supply gap as Qatari exports remain constrained, with ECB rate-cut timelines pushed back as inflation re-accelerates.

Disruption arriving at the northern-hemisphere planting season threatens harvests and food security across Africa, South Asia, and Latin America.

The 60-day clock: four variables to watch

Nuclear enrichment framework: The US seeks a 20-year moratorium; Iran will not exceed ten years. This is the most likely cause of deal failure.
Frozen asset release: Iran expects $12 billion before final negotiations begin. The US has not released any funds to date.
Lebanon compliance: Iran has declared any continuing Israeli military presence a violation of the MoU. Israel has stated it will maintain troops in southern Lebanon indefinitely, a live tripwire.
Gulf production restarts: Iraqi output from the Zubair field fell more than 70% during the conflict. Damaged infrastructure and logistics backlogs will constrain recovery for months, even with the strait open.

Business implications

GlobalData advises businesses to plan against the phantom ceasefire as the central case. For European industrials, the structural LNG shift is already underway: US supply at premium prices is the new baseline through at least 2027. Supply chain managers reliant on Gulf inputs should stress-test Q3 and Q4 cost assumptions against sustained disruption. Financial risk managers should treat the frozen asset negotiations as the single most sensitive near-term variable for the Brent price trajectory.

Mundada concludes: “The MoU is a necessary first step, but not a sufficient one. Businesses and investors should use this period of relative stability to build resilience, not to wind down their contingency plans. The potential consequences of deal failure are larger than markets are currently pricing.”

About GlobalData

GlobalData Plc (LSE:DATA) operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change. By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what is coming, move faster, and lead with confidence. Our solutions are used by over 5,000 organizations across the world's largest industries, providing tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Source: Equinor

23 JUNE 2026 – High activity related to Equinor’s operations in Norway contributed NOK 142 billion in value creation and 82,000 full-time man-years in Norway in 2025.

The ripple effects increased from the previous year, and a high level of activity in operations, exploration and new projects will contribute to continued strong value creation across the country.

The annual ripple effects report has been prepared by Kunnskapsparken Bodø, an independent research and analysis organisation. The report shows how Equinor's activities in Norway and related activities in the supplier industry contributes to value creation, employment and business development in Norway.

“The figures demonstrate the importance of Equinor’s high level of activity on the Norwegian continental shelf for jobs and value creation across the country. The activity is driven by operations, maintenance, exploration and new projects. Together with the supplier industry, we are working to develop resources faster and more efficiently. This provides a foundation for continued high activity and significant ripple effects going forward,” says Kjetil Hove, executive vice president for Exploration & Production Norway in Equinor.

“The opportunities on the Norwegian continental shelf remain substantial, and Equinor has a strong portfolio of investment opportunities that will help sustain high activity and value creation for a long time to come,” Hove continues.

Key figures from the Ripple Effects Report 2025

• 82,000 full-time man-years linked to Equinor’s activity in Norway
• NOK 142 billion in total value creation
• NOK 147.6 billion in procurement of goods and services
• NOK 140.5 billion to Norwegian suppliers
• 95% of deliveries went to Norwegian companies
• Activity in 339 Norwegian municipalities
• More than 1,900 Norwegian supplier companies delivered to Equinor.

The ripple effects include the company’s own operations in Norway, deliveries from Norwegian industry, and effects generated through subcontractors and consumption. Taxes and duties paid by Equinor come in addition and are not included in the report.

The largest share of value creation comes from procurements in Rogaland (51%) and Vestland (21%). At the same time, the report shows activity in 339 municipalities across Norway. The ripple effects in Northern Norway increased compared with 2024.

From the left: Per Helge Ødegård (Lederne), Stig Bjarne Wigestrand Moe (NITO), Porfirio Esquivel (Safe), Per Steinar Stamnes (Styrke) og Lars-Martin Bøe (Tekna)
Photo: Arne Reidar Mortensen / ©Equinor

“The strong figures show how important this industry is for Norwegian jobs and local communities across the country. It is very positive to see the ripple effects from our activity, involving more than 1,900 Norwegian supplier companies, in almost every municipality nationwide,” says union representative Per Steinar Stamnes in Styrke, on behalf of Styrke, NITO, Tekna, SAFE and Lederne/Eqaf.

Value creation arises from Equinor's man-years, direct deliveries from the Norwegian supplier industry, as well as through indirect effects in the form of subcontracts and consumption.

Source: deVere Group

June 22 2026 – The pound's relatively steady performance following Keir Starmer's resignation reflects relief that a period of political uncertainty has ended and that Labour appears set to avoid a prolonged leadership battle, according to the CEO of one of the world's largest independent financial advisory organisations.

Nigel Green, CEO of deVere Group, says markets have remained notably composed despite the dramatic political development, with sterling holding broadly firm and avoiding the type of sharp sell-off that often accompanies unexpected leadership upheaval.

“For a prime ministerial resignation, the reaction in sterling has been surprisingly restrained.

“This says more about how investors felt about Starmer than how they feel about Burnham.

“Part of the market response reflects relief. Relief that Starmer has gone. Relief that Labour appears to have avoided months of infighting and uncertainty over who takes charge.

“Markets dislike drift and uncertainty. They dislike governments that appear unable to set a clear economic direction.

“Starmer's departure removes some of those concerns.

“But the market has not yet delivered its verdict on Burnham.

“Investors are still assessing what his approach to taxation, wealth, spending and investment could mean for Britain's economic outlook. That process is only just beginning.”

The comments come as Andy Burnham emerges as the overwhelming favourite to succeed Starmer following the Prime Minister's decision to step down.

Nigel Green says investors are now turning their attention towards the economic implications of a Burnham premiership.

“The market's calm should not be mistaken for an endorsement of Burnham.

“He has not been tested by investors yet. But it starts imminently.”

The deVere CEO notes that Burnham has spent years arguing that Britain taxes work too heavily and wealth too lightly, a position that is likely to receive intense scrutiny from investors in the coming weeks.

“Markets are already beginning to look beyond the leadership contest itself and towards what a Burnham government could mean for wealth, property, capital and investment.

“Those issues matter because they influence where money flows, where businesses invest and how investors assess Britain relative to competing jurisdictions.”

Nigel Green says investors will be watching closely for signals on taxation, spending, borrowing and the future of Chancellor Rachel Reeves, whose economic agenda became closely associated with Starmer's leadership.

“Rachel Reeves was central to Labour's effort to rebuild credibility with financial markets.

“Investors will want clarity on whether that framework survives under new leadership.”

He warns that today's relative market stability should not be confused with certainty about Britain's future economic direction.

“Markets have welcomed the removal of one source of uncertainty.

“The next phase centres on assessing another.

“Investors will want to understand how a Burnham government would approach wealth, taxation, investment and growth.

“Those answers matter for sterling, they matter for gilts and they matter for Britain's ability to attract capital.”

Nigel Green concludes: “The pound has given Burnham the benefit of the doubt.

“That's very different from giving him a vote of confidence.

“Today's relative stability reflects relief that the uncertainty surrounding Starmer has ended and that Labour appears to have avoided a prolonged internal battle.

“Investors have not yet started pricing the reality of a Burnham government.

“They're still trying to understand what his views on wealth, taxation, investment and public spending could mean in practice.

“Sterling's resilience will ultimately depend on one thing: confidence.

“If investors conclude that Britain remains an attractive place to invest, build businesses and allocate capital, the pound can remain well supported.

“If they see higher risks to growth, investment and capital formation, sterling will come under significant pressure.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

Source: Commonwealth Bank of Australia (CBA)

Capital to region movement has hit its highest level since the RMI began, with capital city residents moving to the regions outnumbering those moving in the opposite direction by 29.7 per cent.

23 June 2026 – Key points:

• Capital to region movement hits highest level since RMI began with capital city residents moving to the regions outnumbering those moving in the opposite direction by 29.7 per cent.
• Sydneysiders remain the dominant city movers: accounting for 55 per cent of net capital outflows, followed by Melburnians (36 per cent).
• The Sunshine Coast continues to dominate share of total net migration but dipped slightly to 8.8 per cent this quarter. 
• Toowoomba (QLD) was a favourite for metro movers this quarter, with a 236 per cent increase from the same time last year. 
• Regional growth hotspots were spread across most states with towns including Meander Valley (TAS), Douglas (QLD) and Central Goldfields (VIC).

Australia’s shift toward regional living has reached a record peak, with the latest Regional Movers Index (RMI) hitting its highest level in the March 2026 quarter.

The RMI is a partnership between the Commonwealth Bank of Australia (CBA) and the Regional Australia Institute (RAI) that tracks population movements between Australia's capital cities and regions.

The Index was up 20.1 per cent on the December 2025 quarter and 4.7 per cent higher than a year earlier.

Capital city residents moving to Australia’s regions outnumbered those moving in the opposite direction by 29.7 per cent, RMI data for the quarter showed.

RAI CEO Liz Ritchie said the record result confirmed the enduring and growing appeal of regional living and cemented the need for a co-ordinated national approach to population planning.

“This is the highest level of capital to regional movement the RMI has ever recorded. Australians are continuing to choose regional life in greater numbers, even as economic conditions shift.  Across COVID, inflation, housing pressures and tight labour markets, the trend has been remarkably consistent – people are leaving capital cities for regions, and they’re doing so at increasing rates,” Ritchie said.

Sydney and Melbourne continued to dominate regional moves in the March quarter, making up 55 per cent and 36 per cent of net outflows respectively. But their combined share is lower than a year ago, with Brisbane, Perth and Adelaide all recording an increased share of net outflows, indicating movement from capital cities is becoming increasingly broad-based.

The Sunshine Coast maintained its mantle as the most popular destination with an 8.8 per cent share of total net migration, again dominated by metro movers. Greater Geelong (VIC) remained in the top five, though its share eased to 5.3 per cent. Fraser Coast (QLD), Moorabool (VIC) and Lake Macquarie (NSW) rounded out the top five destinations.

Regional growth spreads nationally

Beyond these established locations, the RMI shows population growth emerging across a wider mix of regional communities, with growth hotspots now evident across most states.

The March quarter results highlighted Toowoomba’s role as a major regional hub, with the Queensland centre recording the strongest year on year growth in net inflows from capitals of any local government area in Australia. Other regional destinations attracting city dwellers include Broome (WA), Townsville (QLD) and the Mid-Coast in NSW, home to Taree and Forster-Tuncurry.

Toowoomba’s appeal is not limited to those relocating from capitals, with many regionally based movers also favouring the Garden City. Destinations seeing upticks largely from people moving between regional areas include Meander Valley (TAS), and new entries to the RMI including Douglas (Far-north QLD) and Central Goldfields (VIC).

“This data is extremely valuable and underscores the original purpose of the RMI,” Ritchie said.

“We’re not just tracking movement but providing early indications of where regional growth is emerging, so government, investors, industry and communities can respond before pressure builds. It helps identify the places that are emerging as hotspots that may need new thinking around housing and infrastructure.”

What this means for regional businesses

CBA Regional and Agribusiness Banking Executive General Manager Kylie Allen said the record RMI result reinforced the long-term strength of regional Australia.

“This is a significant milestone, and the data shows Australians are making long term, considered decisions to build their lives in regional communities,” Allen said.

“What stands out this quarter is the scale of movement we’re seeing, both from capital cities and between regional communities. It reinforces the role that regional centres like Toowoomba play as important hubs, supporting surrounding towns through jobs, services and local business activity.

“For many regional businesses, this creates opportunities to respond to a larger and more diverse customer base. We’re seeing that reflected in our business lending, with businesses investing to support larger populations and increased economic activity across their regions.”

Downloadable assets

Source: deVere Group

June 22 2026 – The resignation of UK Prime Minister Keir Starmer has triggered the pound to fall and gilt yields to climb as financial markets' concerns about an Andy Burnham leadership grow, warns the CEO of one of the world's largest independent financial advisory organisations.

The warning from Nigel Green, CEO of deVere Group, comes as investors assess the implications of Starmer's decision to step down after a turbulent period for the government and growing speculation over who will lead Labour into the next phase of its administration.

He says: “Financial markets have already begun to react.

“Sterling weakened against the dollar following the announcement, while gilt yields remain elevated after months of political uncertainty and concerns about the UK's fiscal outlook.

“Investors are now turning their attention to the identity of Starmer's successor and what it could mean for taxation, borrowing and economic policy.”

Nigel Green continues: “The market's first question isn't who replaces Keir Starmer. It's whether the next Prime Minister pushes Britain further towards taxing wealth and capital.

“If investors conclude the answer is yes, sterling falls, gilt yields rise and money leaves.

“It's that simple.”

The deVere CEO says Andy Burnham's growing political profile will inevitably draw greater scrutiny from investors seeking to understand the future direction of government policy.

“Andy Burnham's political stock has risen sharply and markets are paying attention.

“His growing influence immediately raises the probability of wealth taxes becoming a serious policy discussion.

“Investors won't wait for legislation, they react to direction.”

Nigel Green says Starmer's departure also throws fresh uncertainty around the future of Chancellor Rachel Reeves, who has been closely associated with the government's economic strategy.

“Rachel Reeves has been the face of Labour's economic credibility. Starmer's resignation leaves a giant question mark over her future.

“If she exits too, markets lose the two figures most closely associated with fiscal restraint inside this government.

“Investors will not shrug that off.”

He argues that Britain's fiscal position leaves little room for policy mistakes at a time when economic growth remains subdued and government borrowing requirements remain substantial.

“Britain already has a debt problem, a growth problem and a productivity problem.

“The last thing financial markets want to hear is talk of wealth taxes, exit taxes and bigger spending commitments.

“Yet those risks have just become harder to dismiss.”

The chief executive warns that affluent individuals and internationally mobile investors are likely to respond long before any formal policy proposals emerge.

“There is a dangerous assumption in politics that wealthy people will simply sit still and pay whatever governments demand. They won't.

“Some will restructure, some will relocate, and some will move capital elsewhere.

“The Treasury can tax wealth, but can't force wealth to stay.”

He says deVere has for months already been seeing increased interest from clients exploring international wealth structures, alternative residencies and broader geographic diversification.

“People who have options are looking at those options more closely.

“They're paying attention to what is happening politically and drawing their own conclusions.

“Wealth tends to move before governments move.”

Nigel Green also believes discussions around wealth taxes could rapidly evolve into debates over measures designed to discourage wealthy individuals from leaving Britain.

“Every serious conversation about wealth taxes eventually runs into the same obstacle.

“People leave. Once that happens, politicians start discussing ways to stop them leaving.

“Exit taxes move from fringe idea to mainstream debate far faster than many expect.”

He warns that bond investors will closely scrutinise every development in the leadership contest.

“Investors remember what happened in 2022 with the Liz Truss mini budget.

“The lesson was brutally clear. Bond markets punish governments the moment confidence starts to crack.

“Gilt investors will now examine every statement from leadership contenders through the lens of borrowing, spending and taxation.”

Nigel Green says markets will ultimately focus less on personalities and more on whether Britain can maintain confidence in its long-term fiscal trajectory.

“If investors conclude Britain is moving in the wrong direction on fundamentals, they will demand a higher price for financing the country.”

Nigel Green concludes: “The market reaction so far is a warning shot. Sterling is weaker and gilt yields are elevated. Investors are asking what comes after Starmer.

“If Andy Burnham emerges as the frontrunner and markets become convinced Britain is heading towards wealth taxes and a more interventionist economic agenda, the pressure on the pound and gilts is likely to intensify.

“Politics is now becoming a market driver in Britain again.

“Investors will be watching Labour's leadership contest very closely because the outcome could have real consequences for UK assets, borrowing costs and capital flows.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

Source: Médecins Sans Frontières

MSF warns of deadly conditions in Nabatiyeh, southern Lebanon, and calls for the immediate protection of civilians and medical and rescue workers as relentless Israeli attacks hit the governorate. 

22 June 2026: please find below an update on Nabatiyeh, southern Lebanon, where the situation is quite critical.

Since last Friday, a drastic escalation of Israeli attacks and bombardment across the governorate has killed upwards of 50 people and injured at least 97, in the latest Ministry of Public Health tolls, with numbers rapidly increasing. It's worth noting that this comes mere days after people began returning to their homes in the hopes that the violence was subsiding.

We have a team including an ER doctor at Najdeh Chaabiyeh Hospital, a key facility in Nabatiyeh city that is receiving a large influx of wounded patients. We are also supporting many of the emergency search-and-rescue teams in the governorate, whose work has been impeded by repetitive attacks and threats on their vehicles.

English, French, and some Arabic-speaking spokespersons are available in Beirut – for more information or to organise an interview please contact Nicolette Jackson: nicolette.jackson@sydney.msf.org 0477 002 271

Please find below a quote from MSF Emergency Coordinator in Lebanon, Pierre Boulet-Desbareau.

“Since the morning of 19 June, 25 killed and 37 wounded have been brought into Najdeh Al-Shaabiyeh Hospital, many in critical condition. Our team is responding to an influx of patients of all ages, including paramedics wounded during rescue missions. People are arriving with severe head injuries, heavy bleeding, shrapnel injuries and in need of amputations, while others are suspected to be trapped under rubble as bombardment continues.

“On the18 June, our teams witnessed people returning to their towns in Nabatiyeh governorate and searching through the rubble of their destroyed homes. They had gone back in the hopes that it might finally be safe. Instead, many are now once again trapped under bombardment.

“Meanwhile, some search-and-rescue and ambulance teams MSF supports and works closely with are unable to reach some of the wounded or evacuate some of civilians because moving through the area is simply too dangerous, and because responders have repeatedly been put at risk of coming under Israeli fire while doing their job.  

“The ongoing situation in Nabatiyeh is devastating. What our teams are describing resembles a death trap. People are caught under heavy shelling, while rescue teams are unable to safely reach them. Civilians and first responders must be protected, and unhindered access for rescue teams is urgently needed.”

Link to video material:

B-roll from the hospital (filmed last week) showing Nabatiyeh city, the hospital, and the MSF staff there  https://media.msf.org/Share/1do17p33ag23y46at7ok7i312s6e7171

MSF is an international, medical, humanitarian organisation that delivers medical care to people in need, regardless of their origin, religion, or political affiliation.  MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. Every year more than 120 Australians and New Zealanders go on assignment with Médecins Sans Frontières  working as: doctors, midwives, psychologists, laboratory technicians, human resource/finance coordinators, pharmacists, mental health specialists and logisticians. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au