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  • MIL-OSI New Zealand: Near four-year high unemployment reveals dire need for new direction

    Source: Green Party

    Today, Statistics New Zealand’s latest labour market report revealed that unemployment has reached 4.8 per cent, the highest rate since late 2020, during the COVID pandemic.

    “The Government’s economy for the rich is leaving thousands behind,” says the Green Party’s Spokesperson for Social Development and Employment, Ricardo Menéndez-March.

    “We can build an economy that works for everyone and leaves nobody behind by investing in the public services and infrastructure which support our communities as well as programmes like jobs for nature that provide people with meaningful and stable work. 

    “The unemployment rate has hit the highest level since COVID, and this is down to the coalition government relying on making people unemployed to lower inflation while prioritising tax cuts, slashing public investment, and undermining the construction industry.

    “Losing a job shouldn’t condemn families to poverty, yet successive Governments have set benefit levels below the poverty line and pushed ahead with sanctions that entrench hardship. 

    “Instead of punching down on those doing it the toughest and pushing more children into hardship, the Greens will lift all families out of poverty with a Guaranteed Minimum Income. 

    “This Government’s punitive approach to welfare and public investment is clearly not working. The Government has engineered an economy that punches down on our communities, one without jobs that simultaneously punishes people for not being able to find work. 

    “Poverty is a political choice, one that successive governments have chosen not to address. However, with unemployment rising and households experiencing wave after wave of financial strain, there is no better time than the present to end poverty and introduce an Income Guarantee. 

    “This is a policy we campaigned on and will continue to push as disparities in wealth widen and the incomes of people on the breadline stagnate. 

    “The Income Guarantee is a commitment to every New Zealander that no matter what, your income will never fall below $390 per week, after tax. For couples, our Income Guarantee will be at least $780, and a single parent will always have an income of at least $750.

    “The Greens would support people into work with a supportive welfare system, more training opportunities, and restarting public investment in healthcare, schools, and houses that create good jobs,” says Ricardo Menéndez-March.

    • Statistics NZ data for the September quarter can be found here. 
    • The Reserve Bank’s Financial Stability report can be found here. 
    • The Income Guarantee 2023 election policy can be found here. Rates have been adjusted for inflation.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Safe, secure digital identity services on the way

    Source: New Zealand Government

    New Zealanders can expect safe and secure digital identity services following the finalisation of the Digital Identity Services Trust Framework, Minister for Digitising Government Judith Collins says.

    “New Zealanders want to be able to complete everyday tasks online and in person in a way that’s safe and secure,” Ms Collins says.

    “Today’s announcement paves the way for safe future digital identity services, such as a digital driver licence, bank ID or trade certification.”

    The Trust Framework sets out how accredited digital identity services, including for privacy and security, must work, with providers meeting the specified rules and regulations.

    “There are many instances where we need to share information, such as our name, address, age or qualifications, and this often involves turning up in person or providing insecure scanned copies of our important physical documents,” Ms Collins says.

    “Using accredited digital identity services makes it easier to securely share your information, helps protect from identity theft, and gives New Zealanders greater control over their own information.

    “If people choose to use digital identity services, they have the choice about what information they share, and who they share it with. No one will be required to use digital identity services but those who do can be assured that accredited services can be trusted.”

    The Trust Framework rules come into effect on 8 November 2024. More information about the Trust Framework, can be found here: Trust Framework – dia.govt.nz

    Note to Editors:

    • The Trust Framework does not create a central database, track users or allow organisations to exchange user information.
    • With accredited digital identity wallets and apps, information is protected by encryption technology. Consent is always required, meaning people must give their express permission before their information is shared.
    • Digital credentials always reside with the user and the issuer has no knowledge or oversight of when and how the user presents their credentials.

    MIL OSI New Zealand News –

  • MIL-OSI Australia: ACCC to livestream public hearings for Supermarkets Inquiry

    Source: Australian Competition and Consumer Commission

    The ACCC will conduct a series of public hearings from 7 to 22 November as part of its ongoing Supermarkets Inquiry.

    The public hearings will be livestreamed via the ACCC website and will be an opportunity for the ACCC to gain a more complete understanding of the key issues in the retail grocery sector and its associated supply chains.

    The hearings will involve executives of Aldi, Coles, Metcash, Woolworths and other stakeholders.

    “We have received a large volume of information from the major participants in the supermarket sector and these hearings will provide an opportunity for us to seek clarification on a range of the very complex matters that are detailed in that information,” ACCC Deputy Chair Mick Keogh said.

    “Our inquiry is ongoing and as such, we have not yet reached concluded views on the key issues flagged in our interim report. We will outline our views and recommendations in the final report for the inquiry, which is due to the Treasurer by 28 February 2025.”

    The scheduled hearing dates and attendees are as follows:

    • 7-8 November – Consumer advocacy groups, supplier industry representative bodies and supplier(s)
    • 11-12 November – Aldi
    • 14-15 November – Metcash
    • 18-19 November – Woolworths
    • 21-22 November – Coles

    More information on the hearings can found on the ACCC website. The livestream will become available on this webpage: Supermarkets inquiry public hearings

    Background

    On 25 January 2024, the Australian Government announced that it will direct the ACCC to conduct an inquiry into Australia’s supermarket sector.

    The ACCC received the formal direction from the Australian Government and the terms of the reference for the inquiry on 1 February 2024.

    On 29 February 2024, the ACCC published an online survey and issues paper seeking views from consumers, farmers and other interested parties. 

    On 27 September 2024, the ACCC published its interim report outlining what it has heard at the half-way point of the inquiry.

    The final report for the inquiry is due to be provided to the Government by 28 February 2025.

    The ACCC’s proceedings against Woolworths and Coles are separate to the inquiry, and the issues in dispute in these proceedings will not be considered by the Supermarkets Inquiry.

    MIL OSI News –

  • MIL-OSI Australia: G7 and Partners Foreign Ministers Statement: 5 November 2024

    Source: Australian Government – Minister of Foreign Affairs

    We, the Foreign Ministers of Australia, Canada, France, Germany, Italy, Japan, Republic of Korea, New Zealand, the United Kingdom, the United States and the High Representative of the European Union express our grave concerns regarding the deployment of DPRK troops to Russia, potentially for the use on the battlefield against Ukraine.

    Several thousands of DPRK troops have been deployed to Russia. The DPRK’s direct support for Russia’s war of aggression against Ukraine, besides showing Russia’s desperate efforts to compensate its losses, would mark a dangerous expansion of the conflict, with serious consequences for European and Indo-Pacific peace and security. It would be a further breach of international law, including the most fundamental principles of the UN Charter.

    We condemn in the strongest possible terms the increasing military cooperation between the DPRK and Russia, including the DPRK’s export and Russia’s unlawful procurement of DPRK ballistic missiles in breach of multiple UN Security Council resolutions (UNSCRs), as well as Russia’s use of these missiles and munitions against Ukraine. DPRK soldiers receiving or providing any training or other assistance related to the use of ballistic missiles or arms is a direct violation of UN Security Council resolutions 1718, 1874 and 2270. We are also deeply concerned about the potential for any transfer of nuclear or ballistic missile-related technology from Russia to the DPRK in violation of the relevant UNSCRs. We urge the DPRK to stop providing assistance to Russia’s war of aggression.

    We reaffirm our unwavering commitment to support Ukraine as it defends its freedom, sovereignty, independence and territorial integrity. We are working with our international partners for a coordinated response to this new development.

    MIL OSI News –

  • MIL-OSI Security: Dubuque Man Who Possessed Firearms While Being an Illegal User of Methamphetamine and Cocaine Sentenced to Prison

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    A man who possessed five firearms while being an illegal drug user was sentenced November 1, 2024, to more than one year in federal prison.

    Jesse James Zeromski, age 25, from Dubuque, Iowa, received the prison term after a May 10, 2024, guilty plea to one count of possession of a firearm by an unlawful drug user.

    At the guilty plea, Zeromski admitted he unlawfully possessed five firearms, including a revolver, two shotguns, and two rifles, while being an unlawful user of methamphetamine, amphetamine, and cocaine.  

    Zeromski was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams.  Zeromski was sentenced to twelve months’ and one day imprisonment.  He must also serve a three-year term of supervised release after the prison term.  There is no parole in the federal system.

    Zeromski is being held in the United States Marshal’s custody until he can be transported to a federal prison.

    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.

    The case was prosecuted by Special Assistant United States Attorney Michael Hudson and Assistant United States Attorney Patrick J. Reinert and investigated by the Dubuque Police Department, the Bureau of Alcohol, Tobacco, Firearms, and Explosives, and the Iowa Division of Criminal Investigations.  

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.

    The case file number is 24-CR-1008.

    Follow us on X @USAO_NDIA.

    MIL Security OSI –

  • MIL-OSI Reportage: BNZ and BlinkPay to accelerate open banking in New Zealand

    Source: BNZ statements

    BNZ today announced it has joined forces with leading New Zealand open banking fintech BlinkPay.

    The investment will enable BlinkPay to accelerate and scale its innovation and product development through access to BNZ’s resources and expertise.

    With BNZ as BlinkPay’s new owner, co-founder Adrian Smith becomes the fintech’s CEO, ensuring BlinkPay retains its own leadership and decision-making, along with its entrepreneurial spirit and startup culture.

    “As a Māori-led business, we bring unique perspective to financial innovation. BNZ understands and values this – and they’re backing our vision while enabling us to retain our startup DNA,” Smith says.

    “Our kaupapa has always been about making financial services work better for all New Zealanders. BNZ’s support gives us the resources to accelerate our mission and help grow the open banking ecosystem across Aotearoa.”

    BNZ CEO Dan Huggins says the investment builds on BNZ’s established leadership in open banking.

    “BNZ has been at the forefront of open banking in New Zealand since 2018, with more than 250,000 customers already benefiting from innovative financial services enabled by BNZ’s open banking technology.

    “This represents the next phase in our journey. With BNZ supporting BlinkPay’s innovation and agility, we can accelerate the development of new products and services that will benefit all New Zealanders.

    “We’re proud to be investing in a team that has proven their ability to innovate and deliver.”The partnership will focus on developing new open banking capabilities that improve financial outcomes for consumers and businesses across Aotearoa New Zealand.

    The post BNZ and BlinkPay to accelerate open banking in New Zealand appeared first on BNZ Debrief.

    MIL OSI Analysis –

  • MIL-OSI Submissions: Unemployment rate at 4.8 percent – Stats NZ media and information release: Labour market statistics: September 2024 quarter

    Source: Statistics New Zealand

    Unemployment rate at 4.8 percent – 6 November 2024 – Unemployment continues to grow, with more people remaining unemployed for longer periods and a declining employment rate, while wage growth slows, according to figures released by Stats NZ today.

    In the September 2024 quarter:

    • unemployment rate was 4.8 percent
    • employment rate was 67.8 percent
    • annual wage inflation was 3.8 percent
    • average ordinary time hourly earnings were $41.98.

    The seasonally adjusted unemployment rate, as measured by the Household Labour Force Survey, was 4.8 percent in the September 2024 quarter, compared with 4.6 percent in the previous quarter.

    Visit Statistics NZ’s website to read this news story and information release and to download CSV files:

     

    MIL OSI –

  • MIL-OSI New Zealand: Unemployment rate at 4.8 percent – Stats NZ media and information release: Labour market statistics: September 2024 quarter

    Source: Statistics New Zealand

    Unemployment rate at 4.8 percent – 6 November 2024 – Unemployment continues to grow, with more people remaining unemployed for longer periods and a declining employment rate, while wage growth slows, according to figures released by Stats NZ today.

    In the September 2024 quarter:

    • unemployment rate was 4.8 percent
    • employment rate was 67.8 percent
    • annual wage inflation was 3.8 percent
    • average ordinary time hourly earnings were $41.98.

    The seasonally adjusted unemployment rate, as measured by the Household Labour Force Survey, was 4.8 percent in the September 2024 quarter, compared with 4.6 percent in the previous quarter.

    Visit our website to read this news story and information release and to download CSV files:

    MIL OSI New Zealand News –

  • MIL-OSI USA: A Week of Rain Across Spain

    Source: NASA

    On October 29, 2024, a period of intense rainfall inundated Valencia province in eastern Spain. The extensive, deadly flooding destroyed infrastructure and spurred massive search and rescue efforts.
    The downpours kept coming as a high-altitude, low-pressure weather system remained parked over the region. These systems, known as cut-off lows or locally by the Spanish acronym DANA, develop when cold fronts encounter warm, humid air masses and become isolated from the jet stream. In the days following the Valencia flash floods, rain continued to fall in Spain’s eastern coastal regions as well as its southwest, causing yet more flooding and disrupting transportation, classes, and other activities.
    This map shows rainfall accumulation totals from October 29 through November 4, 2024. These data are remotely sensed estimates that come from IMERG (the Integrated Multi-Satellite Retrievals for GPM), a product of the GPM (Global Precipitation Measurement) mission, and may differ from ground-based measurements. For instance, IMERG data are averaged across each pixel, meaning that rain-gauge measurements within a given pixel can be significantly higher or lower than the average.
    Ground-based measurements by Spain’s meteorological agency, AEMET, indicated that rainfall totals exceeded 300 millimeters (12 inches) in some areas of Valencia province on October 29 alone. A few days later, on November 1, Huelva province in southwest Spain saw torrential rains; 134 millimeters (5 inches) fell in the city of Cartaya in a 12-hour period. AEMET also issued warnings and reported strong storms along the Mediterranean coast on November 2 and 3.
    Next, the heavy rains migrated north, and 150 millimeters (6 inches) fell in Barcelona by noon on November 4. Barcelona’s airport cancelled and diverted flights on that day due to flooding, and train services and schools were also suspended.
    Cut-off low-pressure weather systems are typical in this region in autumn because intrusions of cold air from the Arctic encounter remaining surface heat from the Mediterranean summer. Storm systems of the same type drenched Spain and Greece in September 2023.
    NASA Earth Observatory image by Michala Garrison, using IMERG data from the Global Precipitation Mission (GPM) at NASA/GSFC. Story by Lindsey Doermann.

    MIL OSI USA News –

  • MIL-OSI USA: Hancock and Sevier Counties Eligible for FEMA Public Assistance

    Source: US Federal Emergency Management Agency

    Headline: Hancock and Sevier Counties Eligible for FEMA Public Assistance

    Hancock and Sevier Counties Eligible for FEMA Public Assistance

    FEMA has added Hancock and Sevier counties to the Oct. 2 major presidential declaration for Tropical Storm Helene, meaning state and local governments and certain nonprofit organizations in both counties may seek funding under FEMA’s Public Assistance program. Hancock and Sevier counties are now authorized to recover eligible costs under FEMA Public Assistance funding for emergency work including debris removal and emergency protective measures; and permanent work that includes projects to permanently restore community infrastructure affected by Helene.FEMA had previously approved Carter, Claiborne, Cocke, Grainger, Greene, Hamblen, Hawkins, Jefferson, Johnson, Sullivan, Unicoi and Washington counties for Public Assistance funding for Helene, which swept across Eastern Tennessee Sept. 26-30.The Public Assistance program is FEMA’s largest grant program, providing funding to help communities pay for emergency work to save lives and protect property, for debris removal, and for repairs to roads, bridges, water control facilities, public buildings, public utilities, parks and recreational facilities.Federal funding is typically available on a cost-sharing basis, with FEMA reimbursing Tennessee applicants 75% of eligible costs and the state responsible for the non-federal share, or up to 25%. For Helene damage in Tennessee, President Biden authorized 100% federal funding for emergency work generated by the disaster. This means FEMA may cover all eligible costs incurred during any 45-day period of the state’s choosing during the first 120 days from the start of the disaster, or Sept. 26. This allows communities to maximize cost savings by selecting the 45 days when the greatest costs occurred.FEMA’s Public Assistance program provides reimbursement for eligible costs to local and state government agencies, and certain private nonprofits including houses of worship. Learn about Assistance for Governments and Private Non-Profits After a Disaster | FEMA.gov.
    kwei.nwaogu
    Tue, 11/05/2024 – 22:03

    MIL OSI USA News –

  • MIL-OSI: SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Vista Outdoor Inc. – VSTO

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Vista Outdoor Inc. (NYSE: VSTO), relating to its proposed merger with Czechoslovak Group a.s. (“CSG”). Under the terms of the agreement, Vista shareholders will also sell Revelyst in an all-cash transaction funds managed by Strategic Value Partners, LLC, and its affiliates. Together, the and the SVP Transactions will deliver an estimated $45 per share in cash to Vista Outdoor stockholders

    ACT NOW. The Shareholder Vote is scheduled for November 25, 2024.

    Click here for more information https://monteverdelaw.com/case/vista-outdoor-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: Hut 8 Operations Update for October 2024

    Source: GlobeNewswire (MIL-OSI)

    20.1 EH/s and 967 MW under management in mining with path to ~35 EH/s

    Vega site buildout advancing on track for Q2 2025 energization

    MIAMI, Nov. 05, 2024 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today released its operations update for October 2024.

    “Following the announcement of our partnership with BITMAIN to launch the U3S21EXPH with a 15 EH/s hosting deployment, progress continues on our 205-megawatt Vega site, which will feature the custom rack-based architecture we developed in-house for the project,” said Asher Genoot, CEO of Hut 8. “With groundwork progressing rapidly, we are on track to energize the site in Q2 2025. Our hosting agreement with BITMAIN is expected to generate up to $135 million in annualized revenue on a fully ramped basis.”

    “In parallel, we are preparing our existing sites for a near-term fleet upgrade as we finalize a commercial agreement. At Salt Creek, we launched an immersion cooling pilot as we continue to advance our technological innovation efforts. More broadly, we are focused on identifying further opportunities for technical and commercial innovation as we advance discussions for large-scale AI data center development opportunities across multiple sites in our development pipeline.”

    Highlights:

    • Groundwork at Vega progressing on track for Q2 2025 energization with ~15 EH/s hosting deployment of U3S21EXPH ASIC miner
    • Began preparing existing sites for expected near-term ASIC fleet upgrade
    • Launched immersion cooling pilot at Salt Creek as part of continued technological innovation efforts
    • Advanced discussions for large-scale AI data center development opportunities across multiple sites in development pipeline

    Operating Metrics

    Average during the period unless otherwise noted October 2024 September 2024
    Total energy capacity under management (mining)1,2 967 MW3 762 MW
    Total deployed miners under management4 194.2K 189.9K
    Total hashrate under management5 20.1 EH/s 19.5 EH/s
         
    Self-Mining6    
    Deployed miners7 57.1K 58.6K
    Deployed hashrate8 5.6 EH/s 5.6 EH/s
    Bitcoin produced1,9 100 BTC 85 BTC
    Bitcoin on balance sheet1 9,110 BTC 9,106 BTC
         
    Managed Services10    
    Energy capacity under management1 582 MW 582 MW
    Deployed miners under management 146.5K 140.8K
    Hashrate under management 15.5 EH/s 14.9 EH/s
         
    Hosting    
    Deployed miners under management11,12 76.7K 76.7K
    Hashrate under management13 8.5 EH/s 8.6 EH/s
         

    Energy Infrastructure Platform1

            Current/Contracted Revenue Stream(s)14
    Site Location Owner15 Power
    Capacity    		 Self-
    Mining    		 Managed
    Services    		 Hosting HPC Power
    Sales
    Vega16 Texas Panhandle Hut 8 205 MW     Yes17    
    Medicine Hat Medicine Hat, AB Hut 8 67 MW Yes        
    Salt Creek Orla, TX Hut 8 63 MW Yes        
    Alpha Niagara Falls, NY Hut 8 50 MW Yes   Yes    
    Drumheller18 Drumheller, AB Hut 8 42 MW          
    Kelowna Kelowna, BC Hut 8 1.1 MW       Yes  
    Mississauga Mississauga, ON Hut 8 0.9 MW       Yes  
    Vaughan Vaughan, ON Hut 8 0.6 MW       Yes  
    Vancouver II Vancouver, BC Hut 8 0.5 MW       Yes  
    Vancouver I Vancouver, BC Hut 8 0.3 MW       Yes  
    King Mountain19 McCamey, TX Hut 8 (JV) 280 MW Yes Yes Yes   Yes
    Iroquois Falls20 Iroquois Falls, ON Hut 8 (JV) 120 MW         Yes
    Kingston20 Kingston, ON Hut 8 (JV) 110 MW         Yes
    North Bay20 North Bay, ON Hut 8 (JV) 40 MW         Yes
    Kapuskasing20 Kapuskasing, ON Hut 8 (JV) 40 MW         Yes
    Cedarvale3,16 Barstow, TX Managed 215 MW   Yes      
    East Stiles Midland, TX Managed 30 MW   Yes      
    Rebel Midland, TX Managed 25 MW   Yes      
    Stiles Midland, TX Managed 20 MW   Yes      
    Garden City Midland, TX Managed 12 MW   Yes      
    Total     1,322 MW          
                     

    Conference Call to Discuss Third Quarter 2024 Results

    Who: Analysts, media, and investors are invited to attend.
    What: Hut 8 executives will review the Company’s financial results for the third quarter of 2024.
    When: Results will be shared via media release and on the Company’s website at https://hut8.com/investors/ on November 13 2024. The conference call and webinar will begin at 8:30 a.m. ET.
    Where: The webcast can be viewed at: https://www.hut8.com/q3-2024/.
      Analysts can register here.
       

    Upcoming Conferences & Events:

    • November 13–14, 2024: Cantor Fitzgerald Crypto, Digital Assets & AI Infrastructure Conference 2024
    • November 19, 2024: Craig-Hallum 15th Annual Alpha Select Conference
    • November 19, 2024: Benzinga Future of Digital Assets Conference 2024

    Notes:

    (1) As of the end of the period
    (2) Energy capacity under management (mining) includes (i) 180 MW of self-mining sites comprised of Alpha, Medicine Hat, and Salt Creek, (ii) 205 MW of hosting capacity at Vega, which is currently under construction, (iii) 280 MW of capacity under management at King Mountain, and (iv) 302 MW from Hut 8’s Managed Services agreement with Ionic, assuming full 215 MW of capacity at Cedarvale, which was first energized in April and is currently under construction.
    (3) Starting October 2024, Hut 8 includes the full 205 MW of capacity at Vega as energy capacity under management (mining) as Vega is expected to host miners for BITMAIN. This was not reflected in Hut 8’s September 2024 figure.
    (4) Includes all miners that are racked with power and networking, rounded to the nearest 100, in Self-Mining, Managed Services, and Hosting infrastructure with power and networking, including all miners at the King Mountain site.
    (5) Includes all Self-Mining, Managed Services, and Hosting hashrate, including 100% of the hashrate at the King Mountain site.
    (6) Self-Mining operations for Hut 8 include 100% of operations at the King Mountain site.
    (7) Deployed miners are defined as those physically racked with power and networking, rounded to the nearest 100; deployed self-mining miners net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 48.2K during October and 49.6K during September.
    (8) Indicates the target hashrate of all deployed miners; deployed self-mining hashrate net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 4.7 EH/s during September and August, respectively.
    (9) Bitcoin produced net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 83 BTC during October and 72 BTC during September.
    (10) Managed services include (i) 280 MW of capacity under management at King Mountain and (ii) 302 MW from Hut 8’s Managed Services agreement with Ionic, assuming full 215 MW of capacity at Cedarvale, which was first energized in April and is currently under construction.
    (11) Miners are rounded to the nearest 100.
    (12) 42.6K deployed miners under management net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner during October and September, respectively.
    (13) 4.7 EH/s under management net of Hut 8’s joint venture partner’s 50% share of the King Mountain JV during October and September, respectively.
    (14) Reflects revenue sources to Hut 8, its subsidiaries, and/or joint ventures in which they participate.
    (15) Owned denotes ownership of power infrastructure at owned or leased data center locations, except for HPC sites where owned denotes ownership of mechanical and electrical infrastructure at leased data center locations.
    (16) Site is currently under development.
    (17) Anticipated to begin generating revenue by Q2 2025.
    (18) Site currently shut down; Hut 8 maintaining lease with option value of re-energizing site.
    (19) Owned by a JV between Hut 8 and a Fortune 200 renewable energy producer in which Hut 8 has an approximately 50% membership interest.
    (20) Owned by a JV between Hut 8 and Macquarie in which Hut 8 has an approximately 80% membership interest.
       

    About Hut 8

    Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. Headquartered in Miami, Florida, Hut 8 Corp. has a portfolio comprising twenty sites: ten Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes statements relating to the execution, timing and potential revenues for the hosting deployment at our Vega site, the timing and completion of a fleet upgrade, and the advancement of the Company’s pipeline.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks; malicious actors or botnet obtaining control of processing power on the Bitcoin network; further development and acceptance of the Bitcoin network; changes to Bitcoin mining difficulty; loss or destruction of private keys; increases in fees for recording transactions in the Blockchain; erroneous transactions; reliance on a limited number of key employees; reliance on third party mining pool service providers; regulatory changes; classification and tax changes; momentum pricing risk; fraud and failure related to digital asset exchanges; difficulty in obtaining banking services and financing; difficulty in obtaining insurance, permits and licenses; internet and power disruptions; geopolitical events; uncertainty in the development of cryptographic and algorithmic protocols; uncertainty about the acceptance or widespread use of digital assets; failure to anticipate technology innovations; the COVID19 pandemic, climate change; currency risk; lending risk and recovery of potential losses; litigation risk; business integration risk; changes in market demand; changes in network and infrastructure; system interruption; changes in leasing arrangements; failure to achieve intended benefits of power purchase agreements; potential for interrupted delivery, or suspension of the delivery, of energy to mining sites and other risks related to the digital asset mining and data center business. For a complete list of the factors that could affect Hut 8, please see the “Risk Factors” section of Hut 8’s Transition Report on Form 10-K, available under the Company’s EDGAR profile at www.sec.gov, and Hut 8’s other continuous disclosure documents which are available under the Company’s SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Media Relations
    media@hut8.com

    The MIL Network –

  • MIL-OSI Submissions: Universities – EDF Australia and Swinburne University of Technology announce strategic partnership to drive energy transition

    Source: Swinburne University of Technology

    6 November 2024 – Swinburne University of Technology and EDF Australia have joined forces in a partnership to launch a ground-breaking program to drive innovation for the energy transition. The partnership, funded by the Franco-Australian Centre for Energy Transition (FACET), will foster innovation for startups and will support Australia’s decarbonisation goals.

    While continued investment in traditional clean energy infrastructure remains essential for Australia to reach its net-zero targets, investment in innovation is needed to fully decarbonise the Australian economy. The urgency of the climate crisis is clearer than ever, highlighting the need for diverse solutions to reduce carbon emissions across all sectors and industries. The program will identify and support startups developing ground-breaking and innovative solutions to address key challenges in areas such as energy storage technologies, transmission infrastructure, alternative clean fuel developments and the decarbonisation of existing industrial assets.

    EDF Australia CEO James Katsikas emphasised the partnership aims to deliver a unique opportunity for startups to work with major industrials and to test these innovative solutions in real-life conditions.

    “We are deeply committed to the global fight against climate change. As an organisation we spend over A$1B annually on research and development to ensure we remain at the cutting edge of energy innovation. This partnership enables us to combine that global expertise with local innovation to work alongside dynamic startups and find new and impactful solutions that can accelerate Australia’s energy transition.”

    “We will aim to provide startups with essential commercial and technical support, fostering collaboration and driving sustainable technological advancements.”

    “Ultimately our investment in this program will assist us to deliver better outcomes in the infrastructure projects we are developing across Australia.”

    The collaboration marks Swinburne Innovation Studio’s first FACET grant and will combine the expertise of Swinburne Innovation Studio and EDF Australia.

    Swinburne Vice-President of Innovation and Enterprise, Dr Werner van der Merwe, highlighted the importance of this program.

    “This collaboration with EDF Australia reflects our commitment to delivering impactful solutions to address one of the greatest challenges of our time.”

    Director of Swinburne’s Innovative Planet Research Institute Professor Allison Kealy agreed and highlighted the need to address energy challenges.

    “The transition to a sustainable energy future requires bold, innovative thinking, and partnerships like this one play a crucial role.”

    “This partnership will enable us to leverage our combined expertise in technology commercialisation to make meaningful progress in energy storage, transmission and decarbonisation efforts.”

    MIL OSI – Submitted News –

  • MIL-OSI Canada: Province Announces Memorial to Honour Justice Murray Sinclair

    Source: Government of Canada regional news

    November 5, 2024

    Province Announces Memorial to Honour Justice Murray Sinclair

    Today the Manitoba government announced plans to honour the life of Murray Sinclair, the first Indigenous judge to be named to the Manitoba provincial court and the Court of Queen’s Bench of Manitoba.

    Starting tomorrow, a book of condolences will be placed at the base of the Grand Staircase in the Manitoba Legislative Building. Members of the public are invited to begin signing the book starting tomorrow through Sunday, Nov. 10 from 8 a.m. to 8 p.m.

    The province, alongside the Government of Canada, is organizing a memorial for Sinclair, which will take place Sunday, Nov. 10 at Canada Life Centre. Doors open to the public at 1 p.m. and the service will begin at 2 p.m. Books of condolences will also be available to sign at the memorial.

    Additionally, tomorrow from 10 a.m. to 2 p.m., there will be a public visitation at Centro Caboto Centre. While this event is open to the public, it is not open to the media. This will be a sacred event that cannot be photographed or filmed. Members of the public are prohibited from using cameras, recording equipment and personal devices to capture the event.

    A book of condolence will also be available at the Caboto Centre during the public viewing time on Wednesday, Nov. 6 from 10 a.m. to 2 p.m.

    The flags at the Legislative Building in Winnipeg and Parliament Building in Ottawa will stay lowered to half-mast until after the memorial on Sunday.

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI USA: Governor Parson Signs Executive Order 24-14 Activating State Emergency Operations Plan in Response to Flooding and Severe Weather

    Source: US State of Missouri

    NOVEMBER 5, 2024

    Jefferson City — Today, Governor Mike Parson signed Executive Order 24-14 activating the Missouri State Emergency Operations Plan in response to flooding and severe weather. Parts of Missouri have already sustained flood and storm damage with additional impacts expected as river levels begin to crest and floodwaters recede.  

    “With several areas of Missouri already impacted by this week’s storms and heavy rainfall, we want to ensure state resources are available should further disruptions or damage occur,” Governor Parson said. “This action enables the state to be better prepared and ready to assist our communities with response and recovery. We urge Missourians to follow the direction of local authorities and emergency managers, use extra caution on the roads, and never drive into floodwaters.”

    Executive Order 24-14 will expire on December 5, 2024, unless otherwise terminated or extended. To view Executive Order 24-14, click here.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Agriculture – Breeding for low methane a winning approach for productivity and environment – AgResearch

    Source: AgResearch

    Livestock can be bred for lower methane emissions while also improving productivity at a rate greater than what the industry is currently achieving, research has shown.

    AgResearch scientists today presented their analysis to the joint New Zealand Society of Animal Production and New Zealand Grassland Association conferences in Oamaru, which challenges assumptions from critics that breeding for a low methane trait will be at the expense of key genetic traits for productivity.

    The scientists drew on data from a performance recorded sheep flock maintained by AgResearch, which is also recorded for methane emissions, compared to average dual-purpose sheep on a NZ production index incorporating reproduction, survival, growth and adult size traits.

    “We investigated if the rate of reduction in methane emissions that has been seen in our low methane flock over the past six years was sufficient to achieve New Zealand’s targeted methane reductions by the year 2050,” says AgResearch scientist John McEwan.

    “Assuming the rate of methane reduction of 0.95% per year as has been shown in the flock so far will be maintained, and accounting for the genetic lag for use of rams in commercial flocks, the result we reached was a 27% decrease in commercial flocks methane emissions by the year 2050, while increasing per head productivity  (using the current Beef + Lamb New Zealand Genetics index) by $51.80.”

    The current New Zealand target is to reduce biogenic methane emissions by 24 to 47 per cent below 2017 levels; however, the methane targets are currently being reviewed. Productivity gains are also in the sights of the Government, with a goal of doubling exports by value within a decade.    

    “Continuation with current industry progress would achieve a 2.8% reduction in methane emissions and $30.80 increase in per head productivity. In other words, methane emissions can be reduced while also increasing productivity faster than current industry progress,” McEwan says.

    “While our analysis does not account for all factors, it does suggest that genetic selection, if appropriately applied, could contribute a substantial proportion of the currently proposed reduction in methane emissions from the sheep industry. And it can be done without any change in ewe numbers.”

    “The fact that these results have been obtained from a B+LNZ Genetics recorded flock and using the current industry breeding evaluation system adds strength to the fact that this is possible using existing industry tools available to all New Zealand breeders.

    The challenge is its rapid adoption by the industry.”

    Find out more about breeding for low methane, and the research partnership with industry, at:https://www.agresearch.co.nz/our-research/low-methane-sheep/; and learn more about the related Cool Sheep programme at: https://www.blnzgenetics.com/cool-sheep-programme.

    AgResearch’s core focus is to deliver high quality science to enhance the value, productivity and sustainability of New Zealand’s pastoral, agri-food and agri-technology sectors. More at www.agresearch.co.nz

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Health and Employment – New Dunedin hospital petition: Southerners need tertiary level care

    Source: New Zealand Nurses Organisation

    The Government will today be urged to ensure the new Dunedin hospital provides crucial tertiary level health services for the Southern region in a petition being handed over at Parliament today.
    Tertiary level health services are specialised and lifesaving care such as surgery and lifesaving and cancer treatments. The current Dunedin Hospital which provides a range of these specialist services to patients throughout Otago and the South Island is in a state of disrepair.
    The 34,406-signature petition from the New Zealand Nurses Organisation (NZNO) Tōpūtanga Tapuhi Kaitiaki O Aotearoa calls for the new hospital to be fully funded as planned after the Coalition Government in September said it would be scaled back to reduce costs.
    The proposed downgrades are a false economy, says NZNO delegate Linda Smillie.
    “A scaled back hospital will increase costs over the long term because it will reduce the clinical capacity to care for an increasingly aging population.
    “Nurses will not be able to provide the appropriate level of care their patients need. This will lead to patient harm and loss of life.”
    The Coalition Government must fund the full new hospital as was promised, Linda Smillie says.
    “Southerners deserve more than half a hospital or a slow rebuild of the old hospital.”
    • NZNO representatives will be at Parliament at 12:30 with the Dunedin City Council delegation led by Mayor Jules Radich.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: BusinessNZ – Small business welcome new procurement rules

    Source: BusinessNZ

    Small businesses will welcome the Government’s firm direction to government agencies to pay their bills on time, BusinessNZ says.
    Chief Executive Katherine Rich says many businesses supply goods and services to government agencies and can experience hardship from late payment times.
    “Businesses can look forward to their invoices being paid within 10 business days, given explicit requirements now placed on government agencies.”
    Mrs Rich also welcomed the Government’s intention to require government agencies to use e-invoicing from 2026.
    “BusinessNZ has consistently advocated for improvements to procurement practices, and we are grateful for this e-invoicing requirement and other planned changes to the Procurement Rules.”
    The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

    MIL OSI New Zealand News –

  • MIL-OSI USA: Entrepreneur, Gender-Equity Advocate to Discuss How Women Can Move from the Sidelines to the C-Suite

    Source: US State of Connecticut

    Any company that strives to be profitable and successful needs to include women and other diverse representatives in its leadership. Yet even in the most forward-focused organizations, women may still face obstacles to inclusion.

    Sameer Somal, a tech entrepreneur and the co-founder of Girl Power Talk and Girl Power USA, a non-profit organization dedicated to helping you women become leaders in business and society, will share his experiences and perspective on empowering women during the next Equity Now presentation on Nov. 19. The event is sponsored by School of Business.

    “If you look at society for the last 1,000 years, women have too often been sidelined from positions of leadership. Yet studies have repeatedly shown that when women are added to the C-Suite and to Boards of Directors, those companies outperform their peers,’’ Somal said.

    “I want business students to be aware that investing in and supporting women is not a trend or a fad, but something that can help your company reach its full potential,’’ he said.
    His presentation, “Empowering Girls and Women in Organizations: A Conversation with Sameer Somal,” begins at noon on Nov. 19. The program is available via livestream. To register, please visit the registration page.

    Women Walk a Tightrope of Expectations

    Somal is the CEO and co-Founder of Blue Global Technology, focused on digital transformation, risk management, and technology development. Raised by a progressive father, and inspired by a friend, he began a journey to help girls and women advance in both business and society.

    He will discuss how his organization inspires young women to be their best in their personal and professional lives, and how passionate engagement with girls today empowers them to build a career full of purpose.

    Somal will also discuss the obstacles that women and other diverse employees face in the workplace, including how corporate structure has historically been designed to keep women out; hiring and promotion processes that favor men; and adverse institutional mindsets about who qualifies for certain roles, particularly in leadership.

    Even today, women often walk a tightrope of expectations, he said. They are expected to exhibit assertiveness, independence, and dominance but still convey sensitivity and compassion.

    “While both gender-specific roles and traits are dated concepts, female leaders often have to strike a hard balance to be seen as worthy, adding to the pressure that leadership brings with it,’’ he said.

    Finally, women face ‘affinity bias’ in the workplace. Most corporate decisionmakers are still men, and affinity bias can lead them to consciously or unconsciously hire and promote people who are like them, he said.

    Somal is a member of the Board of Directors of Future Business Leaders or America, the Abraham Lincoln Association, the Academy of Legal Studies in Business and the American Bar association. A graduate of Georgetown University, he has held leadership roles at Bank of America, Morgan Stanley, and Scotiabank before creating his own company.

    Series Brings Business Expectations into Sharp Focus

    The 2024-25 Equity Now series began in October with a presentation by Lauren Cleary, an ethics and compliance professional at Patagonia, who spoke about the importance of privacy in organizations.

    “Each speaker in the Equity Now speaker series brings their own unique perspective on how legal and ethical issues are deeply intertwined in both business and society,’’ said business law professor Robert Bird, who spearheads the programs.

    “For an organization to be truly successful, it must meet, if not exceed, the expectations of stakeholders in the society in which it conducts business,’’ he said. “The Equity Now speaker series brings those expectations into clear focus through the expert academics and practitioners that are invited to share their ideas.’’

    The Equity Now series features expert insight on how law and policy can create diversity, equity and fairness in both organizations and society. The UConn program is conducted in affiliation with the Academy of Legal Studies in Business, Virginia Tech, Indiana, Boston and Temple universities.

    MIL OSI USA News –

  • MIL-OSI: Adam Ferrari and Phoenix Capital Group Sponsor STEM and Mental Health Initiatives with West Point Society of North Texas

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Nov. 05, 2024 (GLOBE NEWSWIRE) — Adam Ferrari, CEO of Phoenix Capital Group, announced a $2,000 sponsorship in collaboration with The West Point Society of North Texas to advance STEM education and mental health resources within the region. This sponsorship reflects Ferrari’s dedication to supporting impactful community programs that align with Phoenix Capital Group’s mission of giving back through education and well-being initiatives.

    Founded in 2019, Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition and investment firm dedicated to discovering untapped value for landowners across the United States. As a technology-driven organization, Phoenix Capital Group specializes in mineral acquisitions and investment opportunities.

    The West Point Society of North Texas, composed of USMA graduates, is committed to building leaders of character through its focus on leadership, ethics, and STEM education. A portion of the sponsorship will fund the Society’s Leadership Ethics and Diversity in STEM (LEADS) Workshop, which prepares 7th-12th grade students to become STEM-competent leaders through hands-on activities led by West Point cadets, faculty, and subject matter experts. Students will also have the opportunity to compete for over $5,000 in scholarships, further encouraging excellence and leadership.

    “Through this partnership, we are proud to support future leaders and extend opportunities to underrepresented populations in North Texas,” said Adam Ferrari. “Phoenix Capital Group is committed to investing in communities and ensuring access to education and resources that foster both personal and academic growth.”

    In addition to promoting STEM learning, the event also raised funds for Compassion Neuroscience, an organization offering electromagnetic therapy to heal neurological pathways. This cutting-edge treatment provides relief to individuals struggling with conditions such as PTSD and postpartum depression, ensuring a positive impact across diverse populations, including active and retired service members.

    Phoenix Capital Group’s sponsorship highlights its ongoing efforts to enhance community well-being through strategic philanthropy. “Whether through educational or mental health support, we are passionate about making a meaningful difference in the lives of individuals,” Ferrari emphasized.

    Altogether, the charity event successfully raised more than $40,000, which will be directed toward providing crucial support for both STEM students and Compassion Neuroscience.

    About Phoenix Capital Group
    Phoenix Capital Group Holdings, LLC is dedicated to promoting meaningful community engagement and fostering positive change through strategic philanthropy. Specializing in oil and gas mineral rights acquisition, investment, and operated working interests, Phoenix Capital Group partners with landowners across the country to uncover hidden value and maximize their assets.

    Under the leadership of CEO Adam Ferrari, Phoenix Capital Group supports a variety of initiatives aimed at empowering individuals and enhancing communities. With over 60 years of combined experience in the energy sector, the company is not only committed to delivering innovative solutions but also to investing in the future by supporting and equipping the next generation of STEM leaders.

    Contact:
    Name: Brynn Ferrari
    Email: PublicRelations@phxcapitalgroup.com
    Organization: Phoenix Capital Group Holdings, LLC
    Address: 18575 Jamboree Road, Suite 830, Irvine, CA 92612
    Phone: 303-376-9778
    Website: https://www.phxcapitalgroup.com/

    The MIL Network –

  • MIL-OSI China: Chinese premier meets with Mongolian PM in Shanghai

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

    Chinese Premier Li Qiang meets with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene, who is in China to attend the seventh China International Import Expo, in east China’s Shanghai, Nov. 5, 2024. [Photo/Xinhua]

    SHANGHAI, Nov. 5 — Chinese Premier Li Qiang on Tuesday met with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene, who is in Shanghai to attend the seventh China International Import Expo (CIIE).

    Li said that under the strategic guidance of the two heads of state, China and Mongolia have maintained sound, stable momentum in their bilateral relations in recent years. China values its friendly cooperation with Mongolia highly, and considers Mongolia a priority in its neighborhood diplomacy, he noted.

    He said that both sides should implement the important consensus reached by the two heads of state to deepen practical cooperation for the benefit of the two peoples.

    Li noted that China will synergize its development strategy with Mongolia further, step up trade and investment cooperation, and enhance cooperation on infrastructure construction in such areas as port connectivity, mining and hydropower stations.

    The premier encouraged both sides to tap into the cooperation potential of emerging industries such as the high-tech and green development sectors, and support more capable Chinese enterprises to invest and do business in Mongolia.

    China will work with Mongolia and other Asian countries in the pursuit of peace, solidarity and cooperation, and enhance exchange and coordination within the frameworks of multilateral mechanisms such as the Shanghai Cooperation Organization.

    Oyun-Erdene said that Mongolia abides firmly by the one-China policy, and is willing to maintain mutual respect and support on issues bearing on each other’s core interests.

    Mongolia stands ready to deepen mutually beneficial cooperation with China in such areas as energy, urban planning and desertification control, and explore cooperation in new fields including artificial intelligence, green development and human resources, he said.

    Chinese Premier Li Qiang meets with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene, who is in China to attend the seventh China International Import Expo, in east China’s Shanghai, Nov. 5, 2024. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Chinese premier meets Serbian PM

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

    Chinese Premier Li Qiang meets with Serbian Prime Minister Milos Vucevic, who is in China to attend the 7th China International Import Expo, in Shanghai, east China, Nov. 5, 2024. [Photo/Xinhua]

    SHANGHAI, Nov. 5 — Chinese Premier Li Qiang met with Serbian Prime Minister Milos Vucevic in Shanghai on Tuesday, who is here to attend the 7th China International Import Expo (CIIE).

    Noting that China always attaches great importance to its relations with Serbia, Li said that China stands ready to work with Serbia to further implement the important consensus reached by the two heads of state, maintain close strategic communication, deepen political mutual trust, firmly support each other’s core interests and major concerns, take bilateral cooperation in various fields to a new level, and advance the building of a China-Serbia community with a shared future in a new era with high quality.

    Li said that China is willing to work with Serbia to strengthen the docking of development strategies, jointly implement the China-Serbia free trade agreement, build and operate key cooperation projects, accelerate cooperation in green, digital and artificial intelligence innovation areas, and achieve more mutually beneficial and win-win results.

    It is hoped that Serbia will continue to provide a sound business environment for Chinese enterprises to invest and do business in Serbia, Li said, adding that the two sides should further deepen exchanges and cooperation on culture, tourism, education, sports, media and youth to consolidate popular support for building a China-Serbia community with a shared future.

    Vucevic said Serbia firmly abides by the one-China principle, appreciates China for its firm support on issues concerning Serbia’s sovereignty and territorial integrity, and looks forward to closer exchanges with China, well implementing the bilateral free trade agreement under the framework of the Belt and Road Initiative, deepening practical cooperation in such fields as economy and trade, education, science and technology, medical and health care, transportation and agriculture, and strengthening people-to-people exchanges.

    Chinese Premier Li Qiang meets with Serbian Prime Minister Milos Vucevic, who is in China to attend the 7th China International Import Expo, in Shanghai, east China, Nov. 5, 2024. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Chinese premier meets Malaysian PM in Shanghai

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

    Chinese Premier Li Qiang meets with Malaysian Prime Minister Anwar Ibrahim, who is in China to attend the seventh China International Import Expo, in east China’s Shanghai, Nov. 5, 2024. [Photo/Xinhua]

    SHANGHAI, Nov. 5 — Chinese Premier Li Qiang met on Tuesday with Malaysian Prime Minister Anwar Ibrahim, who is in Shanghai to attend the 7th China International Import Expo.

    Li said that China-Malaysia relations have entered a new stage of historical development and are moving steadily toward the goal of building a China-Malaysia community with a shared future.

    He said that China is ready to work with Malaysia to implement the important consensus reached by the leaders of the two countries, uphold mutual respect and mutual trust, treat each other as equals and cooperate for win-win results, working together to achieve common development and prosperity of the two countries.

    Li said China is willing to continue with firmly supporting each other on issues involving each other’s core interests and major concerns, strengthening the docking of development strategies and the exchange of experience in governance, improving the layout of cooperation in various fields, and boosting the modernization process of the two countries with high-level strategic cooperation.

    He called on the two sides to steadily advance flagship projects such as the East Coast Rail Link and the Malaysia-China “Two Countries, Twin Parks,” tap into the cooperation potential in emerging areas, and constantly expand new space for cooperation.

    China will continue to promote cultural exchanges and mutual learning with Malaysia, strengthen cooperation on education and visa facilitation, and encourage the two peoples, especially the youth, to visit each other more often to enhance mutual understanding and friendship, he said.

    Li said China will strongly support Malaysia in assuming the rotating presidency of the Association of Southeast Asian Nations (ASEAN) next year, and is ready to strengthen coordination and cooperation with Malaysia within China-ASEAN and other multilateral frameworks to jointly advance regional economic integration, safeguard ASEAN centrality and safeguard the peaceful development of Asia.

    Anwar noted that China is Malaysia’s good friend and good partner. Malaysia is willing to deepen Belt and Road cooperation with China, promote cooperation in such areas as trade, investment, digital economy and education, and enhance people-to-people exchanges, he added.

    Malaysia supports China in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, said Anwar.

    He noted that as the rotating presidency of ASEAN next year, Malaysia will take this opportunity to enhance coordination with China on international and regional issues.

    Chinese Premier Li Qiang meets with Malaysian Prime Minister Anwar Ibrahim, who is in China to attend the seventh China International Import Expo, in east China’s Shanghai, Nov. 5, 2024. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI Canada: Ministers Joly, Ng and Hussen to attend the Canada-African Union Commission High-Level Dialogue

    Source: Government of Canada News

    November 5, 2024 –The Honourable Mélanie Joly, Minister of Foreign Affairs, The Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development and The Honourable Ahmed Hussen, Minister of International Development, will attend the Second Canada-African Union Commission High-Level Dialogue in Toronto. As part of this meeting the Ministers will engage with members of the African Union Commission, including Chairperson Moussa Faki Mahamat, with the aim of building stronger, expanded and more visible partnerships. The Ministers will also make an announcement related to the Government of Canada’s engagement on the continent.

    November 5, 2024 –The Honourable Mélanie Joly, Minister of Foreign Affairs, The Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development and The Honourable Ahmed Hussen, Minister of International Development, will attend the Second Canada-African Union Commission High-Level Dialogue in Toronto. As part of this meeting the Ministers will engage with members of the African Union Commission, including Chairperson Moussa Faki Mahamat, with the aim of building stronger, expanded and more visible partnerships. The Ministers will also make an announcement related to the Government of Canada’s engagement on the continent.   

    Family photo and Memorandum of Understanding singing ceremony 

    Date: November 7th, 2024
    Time: 9:00 am EST 
    Location: Toronto, Ontario 

    Notes: This event will be open to media for photos and b-roll only. Media representatives who wish to attend the event must arrive by 8:30 am EST.

    Joint Ministerial media availability 

    Date:  November 7th, 2024 
    Time: 1:30 pm EST  
    Location: Toronto, Ontario 

    Notes: Media representatives who wish to attend the event must arrive by 1:00 pm EST. 

    Evening reception opening remarks

    Date:  November 7th, 2024 
    Time: 6:00 pm EST  
    Location: Toronto, Ontario 

    Notes: The opening remarks at the evening reception will be open to media. Media representatives who wish to attend the event must arrive by 5:30 pm EST. 

    For all events noted above, media are asked to confirm their attendance by contacting media@international.gc.ca. The exact address will be shared following confirmation. 

    MIL OSI Canada News –

  • MIL-OSI New Zealand: Release: Unemployment rising under National

    Source: New Zealand Labour Party

    Nicola Willis’ policies continue to slow the economy with more Kiwis out of work as a result.

    StatsNZ figures released today show unemployment is now at 4.8%. This means 148,000 people do not have a job in New Zealand.

    “Unemployment continues to increase under the fiscal mismanagement of Nicola Willis,” Labour finance spokesperson Barbara Edmonds said.

    “The last time unemployment was this high was during the 2020 pandemic, before that in 2017 under another National Government. This disappointing record is what National will be remembered for.

    “National has failed to prioritise work and employment – the numbers speak for themselves. New Zealand has one of the highest rates of unemployment out of first world countries like Australia (4.1%) and Great Britain (4.2%).

    “But unemployment is much worse for Māori at 9.2%, and Pacific people at 9.9% This is a steep rise, and the impact this Government has had on Māori and Pacific people is disgraceful.

    “The Government can’t continue to say it is focused on getting people in to work when it is making decisions that are seeing more and more people unemployed, and more and more Kiwis leaving the country.

    “People are staying unemployed for longer, despite the sanctions National announced, which they claimed would prevent this from happening. I am concerned with the length of time people are out of work. For example, people who are unemployed for over six months to one year is up 53.2% to 32,500 compared to the same quarter last year.

    “Today’s numbers show the harm of Nicola Willis’ decisions. The number of people she is putting out of work could make up entire suburbs. The impact of this will be felt for generations,” Barbara Edmonds said.

    Stay in the loop by signing up to our mailing list and following us on Facebook, Instagram, and X.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Economy – The recession continues… with a triple trough – Kiwibank

    Source: Kiwibank
    Double-take! The Kiwi labour market is even weaker than the headline suggests. The devil is in the detail. Worker demand has waned, and unemployment is drifting higher.

    *       The unemployment rate rose to just 4.8% from 4.6%, slightly better than we and the market consensus had predicted. But it’s a result of a much sharper decline in labour force participation, from 71.7% to 71.2%. That in itself is a sign of a weak jobs market. Workers are now heading (or are forced) for the exits as demand wanes. 

    As StatsNZ comments “From the survey, some of the largest increases in those not in the labour force over the year came from people mainly engaged in leisure activities, studying or training, and taking care of themselves due to their own sickness, illness, injury, or disability.” 
    We’ve heard a lot about voluntary redundancies, migrants struggling to find work, and some going back to Uni and other reasons. The fall in participation appears to have been concentrated within the younger cohort (15-24years). 
    Almost 60k more people were classified as ‘not in the labour force’ over the past year. So don’t be fooled by the stronger headline print (unemployment rate). Worker demand is waning, with employment contracting 0.5% over the quarter, and down 0.4% on the year – the first since September 2012, and the deepest since the GFC. The Kiwi labour market is weakening.

    *       Wage inflation cooled faster than expected. Annual wage growth has slowed to 3.3%, moving further away from the 4.5% peak. A shrinking proportion are receiving a payrise, with fewer enjoying a 5% increase (from 32% to 27%). And a growing share are seeing no change in pay. Weaker wage inflation however is necessary to drive an easing in domestic inflation.

    *        The labour market has more catch up to do. We still see the unemployment rate on track to exceed 5% in the coming year – peeling further and further away from the 3.2% low. 

    We expect the unemployment rate to drift higher from here. By our calculations, it is still on track to hit around 5.5% next year. That’s some distance from the 3.2% low recorded in 2021. We attributed the initial rise in unemployment to fast-growing labour supply led by rising migration. 

    The level of employment has climbed to record highs, but growth was still not strong enough to keep pace with rapid population growth. Now, however, the increasing number of unemployed is due to a slowdown in hiring. And mounting job losses are a consequence of aggressive policy tightening pushing the economy into a downturn. 

    Today’s update was an important one ahead of the RBNZ’s policy update later this month. Despite a stronger headline number, the data is unlikely to skew the RBNZ’s thinking. Because the key takeaway is the same: the Kiwi labour market is weakening. A further relaxation in monetary policy settings is needed. The labour market has crumbled under the weight of the RBNZ’s heavy-handed interest rate hikes. And it’s only the beginning. 

    Like the RBNZ, we forecast a further increase in the unemployment rate next year. 
    But it’s important for the RBNZ to stay ahead of any further labour market slowing by proceeding with rate cuts sooner rather than later. With the 2% target inflation rate well within reach, we believe the RBNZ needs to get the cash rate below 4% ASAP. We continue to expect a 50bp cut at the RBNZ’s final meeting for the year. And potentially a third 50bp cut in February.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Offenders caught after aggravated robbery with machete

    Source: New Zealand Police (District News)

    At about 6am this morning, four people armed with a large machete and other weapons entered the Te Ngai Road Caltex Service Station in Owhata, Rotorua.

    They threatened a staff member, stole cash, vape products and cigarettes.

    The offenders then left in a stolen vehicle which they dumped nearby.

    After calls from the public alerting Police to the location of the vehicle, a police dog and handler tracked the offenders to a nearby address.

    Three youth offenders were arrested and are facing charges of aggravated robbery and unlawfully taking a motor vehicle.

    The offenders are from Hamilton and Rotorua. The property stolen has been recovered along with the weapons used in the incident.

    The vehicle used which was stolen from Hamilton overnight has been recovered and will be returned to its owner.

    Inspector Phil Gillbanks, Rotorua Area Prevention Manager says “Police would like to thank the members of the public who were alert enough to notice suspicious activity and call Police right away.

    We will not tolerate this behaviour and will take enforcement action where appropriate to keep our community safe. It is good to be able to recover the stolen items, including the vehicle used, and make these arrests.

    Let this be a reminder that Police will continue to hold to account, those offenders choosing to behave like this. It is very lucky no one was  injured.

    Like the witnesses did in this case, always call Police straight away on 111 if you see or suspect anything suspicious happening.”

    You can also make a report after the fact, using our 105 service, either by phone or online.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Exercise NZ – Movement In Movember: Urging Kiwi Men to Boost Health Through Physical Activity

    Source: Exercise New Zealand

    Movember is an annual campaign held each November to raise awareness and funds for men’s health issues, particularly prostate cancer, testicular cancer, mental health, and suicide prevention. 

    While there is strong support for men to grow moustaches throughout the month to spark conversations around men’s health, Movember also promotes other health initiatives like the Move for Movember campaign, which encourages people to get active and raise awareness about the benefits of physical activity for mental and physical well-being.

    As Movember kicks off, Exercise New Zealand is emphasising the crucial role of regular physical activity in promoting men’s health, particularly in reducing the risk of prostate cancer and improving mental well-being. 

    Recent findings from ExerciseNZ’s 2024 consumer research reveal that mental health now rates as the second most important reason to exercise among men, following general health by only a few percent.
    Many men report that exercise not only enhances how they feel but that the social connections fostered in structured exercise programs offer additional mental health benefits. This aligns well with Movember’s focus on mental well-being and social support, underscoring the value of men talking openly about their challenges and supporting one another through physical activity.

    The Move for Movember campaign provides a supportive space where men can openly discuss their challenges while staying physically active. 

    The challenge—to walk 60 km throughout November—honours the 60 men who die by suicide each hour worldwide. 
    Walking just 90 minutes per week at a comfortable pace can help reduce fatigue, ease depression, and support a healthy body weight. 
    Whether it’s on a footpath, along the beach, or on a treadmill at the local gym, Movember encourages men to embrace the simplicity of walking for its wide-reaching benefits for mental and physical well-being.

    In addition, studies have also shown that men who engage in regular exercise have a lower risk of developing prostate cancer, especially aggressive forms of the disease. Urologist, Dr. Michael Johnson explained in John Hopkins Medicine that “Most likely, it’s not just the exercise that counts — it’s the subsequent weight loss that also makes a difference. Studies have linked obesity with particularly aggressive forms of prostate cancer”. 

    Furthermore, a study from the Health Professionals Follow-up Study found that men who exercised vigorously for three or more hours per week had a 61% reduction in the risk of prostate-specific death compared to those who exercised for less than one hour per week. 
    These studies highlight the importance of regular physical activity or exercise as a vital measure to help reduce the risk of certain cancer-related deaths.

    In summary, while growing moustaches is a hallmark of the campaign, Movember also champions physical activity through initiatives like Move for Movember. Exercise New Zealand supports this focus, highlighting the role of regular exercise in reducing cancer risks and improving mental health. 

    With research showing that mental well-being is a key reason men engage in physical activity, Movember creates space for open conversations and physical activity, reinforcing the benefits of an active lifestyle for both mental and physical health. 
    Exercise New Zealand is encouraging all men across Aotearoa to prioritise their health this Movember by incorporating regular physical activity into their routines.

    MIL OSI New Zealand News –

  • MIL-OSI: STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Nxu, Inc. – NXU

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Nxu, Inc., (NASDAQ: NXU), relating to a proposed merger with Verde Bioresins, Inc. Under the terms of the agreement, Nxu will acquire all of the issued and outstanding common shares of Verde in an all-stock transaction.

    Click here for more information https://monteverdelaw.com/case/nxu-inc-nxu/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: INVESTIGATION ALERT: The M&A Class Action Firm Investigates the Merger of GlycoMimetics, Inc. – GLYC

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating GlycoMimetics, Inc. (NASDAQ: GLYC), relating to a proposed merger with First Crescent Biopharma, Inc. Under the terms of the agreement, the pre-acquisition GlycoMimetics stockholders are expected to own approximately 3.1% of the combined Company and the pre-acquisition Crescent stockholders (inclusive of those investors participating in the pre-closing financing) are expected to own approximately 96.9% of the company.

    Click here for more information https://monteverdelaw.com/case/glycomimetics-inc-glyc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –