Business – A Roundup of Significant Articles on ForeignAffairs.co.nz for May 17, 2025

Business: Here is a summary of significant articles published on ForeignAffairs.co.nz on May 17, 2025.

MIL-OSI USA: Congresswoman Schrier Slams Republicans for Attempts to Cut Medicaid in the Middle of the Night, Highlights Damage Proposal will cause to the Eighth District’s Healthcare System
Source: United States House of Representatives – Congresswoman Kim Schrier, M.D. (WA-08) WASHINGTON, D.C. – During the 26-hour-long House Committee on Energy and Commerce reconciliation markup, Congresswoman Kim Schrier, M.D. (WA-08) blasted congressional Republicans for their attempts to cut Medicaid and kick nearly 14 million Americans off of their health insurance. Congresswoman Schrier highlighted the […]

MIL-OSI USA: Cantwell Statement on Spokane Tech Hub Funding Delay
US Senate News: Source: United States Senator for Washington Maria Cantwell 05.16.25 Cantwell Statement on Spokane Tech Hub Funding Delay WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, released this statement regarding today’s announcement by […]

MIL-OSI USA: Cantwell Statement on Trump Administration Withholding $500M for Fish Passage at Howard Hanson Dam
US Senate News: Source: United States Senator for Washington Maria Cantwell 05.16.25 Cantwell Statement on Trump Administration Withholding $500M for Fish Passage at Howard Hanson Dam WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, released […]

MIL-OSI Video: President Donald J. Trump Visits the UAE 🇺🇸🇦🇪
Source: United States of America – The White House (video statements) “We now have…over $10 trillion of investment. When I add the $1.4 trillion, we easily break that number. That’s your biggest investment… We also agreed to create a path for UAE to buy some of the world’s most advanced AI semiconductors from American companies…” […]

MIL-OSI China: China revises regulations to boost high-quality development of catering industry
Source: People’s Republic of China – State Council News BEIJING, May 16 — Chinese authorities have unveiled revised regulations to promote the healthy development of the country’s catering sector, a key pillar of China’s consumption-driven economy, as part of broader efforts to expand domestic demand and stimulate consumption. Jointly issued by the Ministry of Commerce […]

MIL-OSI: SolarMax Technology Reports First Quarter 2025 Financial Results
Source: GlobeNewswire (MIL-OSI) RIVERSIDE, Calif., May 16, 2025 (GLOBE NEWSWIRE) — SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Revenue: $6.9 million, compared with $5.8 million in the first quarter of 2024. Gross […]

MIL-OSI Banking: More power to the people
Source: – Press Release/Statement: Headline: More power to the people Canada is entering the age of customer-owned power generation By Phil McKay, Senior Director, Distributed Energy Resources and Grid Integration, Canadian Renewable Energy Association  Welcome to the new age of customer-owned power generation! The promise of making your own electricity, at your own apartment, house […]

MIL-OSI Banking: US pullback from renewables has strengthened Canadian industry, panel says
Source: – Press Release/Statement: Headline: US pullback from renewables has strengthened Canadian industry, panel says There was a noticeable air of relief at the second Net Zero Quebec summit, hosted by the Canadian Renewable Energy Association in Montreal on May 15. Despite much noise from Canada’s southern neighbour (the U.S.) running from trade tariffs to […]

MIL-OSI Russia: Financial News: Interview with Zulfiya Kakhrumanova for Komsomolskaya Pravda
Translation. Region: Russian Federal Source: Central Bank of Russia – Why do we need a digital ruble, will it become mandatory and what will a single QR code give us? And yet, in the financial sphere, we are ahead of the rest of the world! Well, or at least among the world leaders. The financial […]

MIL-OSI Russia: Financial news: On changing the list of bonds available to non-qualified investors with testing
Translation. Region: Russian Federal Source: Moscow Exchange – Moscow Exchange – From May 23, 2025, for the conclusion of transactions with bonds secured by a pledge of monetary claimsy1sh, non-qualified investors will be required to undergo appropriate testing. On the specified date, the relevant amendments to the Law “On the Securities Market” will come into […]

MIL-OSI Russia: Yuri Trutnev held a meeting on the development of the electric power complex of the Far East
Translation. Region: Russian Federal Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article. Yuri Trutnev held a meeting on the prospective development of electric power in the Far Eastern Federal District. On the left is Energy Minister Sergei Tsivilev, on the right is Minister for the Development […]

MIL-OSI Russia: Financial News: Operations without voluntary consent of clients: results of the first quarter
Translation. Region: Russian Federal Source: Central Bank of Russia – Nevertheless, in the first quarter of this year, criminals managed to commit 296.6 thousand fraudulent transactions for almost 6.9 billion rubles, which is almost the same as the average loss rate for the last four quarters. Cybercriminals stole most of the money through remote banking […]

MIL-OSI Canada: Promoting Alberta in Mexico
Source: Government of Canada regional news (2) Alberta’s government is working to expand the province’s global economic footprint by showcasing its strengths in trade, innovation, and tourism. Minister Schow, along with representatives from Travel Alberta and Alberta’s business community, will meet with Mexican industry leaders and officials to explore opportunities for economic partnerships and tourism […]

MIL-OSI: Caliber Regains Compliance with Nasdaq Minimum Bid Price Requirement
Source: GlobeNewswire (MIL-OSI) SCOTTSDALE, Ariz., May 16, 2025 (GLOBE NEWSWIRE) — Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that on May 16, 2025, it received written notice (the “Compliance Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) […]

MIL-OSI: Valley National Bancorp Announces Redemption of $115,000,000 Aggregate Principal Amount of 5.25% Fixed-To-Floating Rate Subordinated Notes Due 2030
Source: GlobeNewswire (MIL-OSI) NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, today announced the redemption, in full, of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”) in an aggregate principal amount of $115,000,000. The redemption date for the Notes is June […]

MIL-OSI Africa: SASSA warns against social grant scam
Source: South Africa News Agency Friday, May 16, 2025 The South African Social Security Agency (SASSA) has dismissed claims suggesting that double grant payment will be made in June. “These reports are untrue and should be rejected with the contempt they deserve,” SASSA national spokesperson, Paseka Letsatsi said. In a statement on Friday, SASSA appealed […]

MIL-OSI Security: CEO of Financial Firm Sentenced to Prison for Running a Multimillion Dollar Fraud
Source: Office of United States Attorneys SAN DIEGO – Carlos Manuel da Silva Santos, the founder and chief executive officer of San Diego-based Ethos Asset Management, Inc., which offered financing to domestic and international businesses, was sentenced to 87 months in prison for tricking borrowers into paying him more than $17 million in up-front loan […]

MIL-OSI: PIMCO Canada Corp. Announces Monthly Distributions for PIMCO Canada Exchange Traded Series
Source: GlobeNewswire (MIL-OSI) Not for distribution to United States newswire services or for dissemination in the United States TORONTO, May 16, 2025 (GLOBE NEWSWIRE) — PIMCO Canada Corp. (“PIMCO Canada”) today announced the 2025 May cash distributions for the ETF series (“ETF Series”) of the PIMCO Canada mutual funds that distribute monthly (“Funds”). Unitholders of […]

MIL-OSI: Rivalry Provides Update on Management Cease Trade Order
Source: GlobeNewswire (MIL-OSI) TORONTO, May 16, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), is providing this bi-weekly update on the status of a management cease trade order granted on May 1, 2025 (the “MCTO”) by its principal regulator, the Ontario Securities Commission (the “OSC”), under National […]

MIL-OSI: Purpose Investments Appoints New Sub-Advisor to Purpose Select Equity Fund
Source: GlobeNewswire (MIL-OSI) TORONTO, May 16, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose Investments”), as trustee and manager of Purpose Select Equity Fund (the “Fund”), today announced the appointment of PenderFund Capital Management Ltd. (“Pender”) as the new sub-advisor of the Fund. This change will take effect on or about May 20, 2025. The […]