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  • MIL-OSI: Outbrain announces repurchase of remaining 2.95% Convertible Senior Notes due 2026

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today that it has repurchased all of the remaining $118 million in aggregate principal amount of the 2.95% Convertible Senior Notes due 2026 (the “Convertible Notes”) via a privately negotiated repurchase agreement with Baupost Group Securities, L.L.C., the sole holder of the Convertible Notes. The Company paid, including accrued interest, $109.7 million in cash representing a discount to par value of approximately 7.5%. As a result, Outbrain will record a pre-tax gain of approximately $8.8 million in the third quarter of 2024.

    Following the closing of the transaction, Outbrain has repurchased the entire principal balance of $236 million of the Convertible Notes, with no remaining debt on the balance sheet and approximately $128 million of cash, cash equivalents and investments in marketable securities, when adjusting the balance as of August 31, 2024 for the repayment. Outbrain repurchased the initial $118 million principal amount of the Convertible Notes in April 2023.

    “Our ability to generate cash and our strong balance sheet has enabled the opportunistic repurchase of the remaining balance of Convertible Notes, which is also in anticipation of the expected closing of the Teads acquisition. We believe this transaction strengthens our balance sheet, increasing our net cash balance as we maintain ample liquidity to support our future growth,” said Jason Kiviat, Outbrain’s CFO.

    This press release does not constitute an offer to sell or a solicitation to buy any of the Convertible Notes described herein or any securities of the Company, nor shall there be any offer, solicitation, or sale of the Convertible Notes or any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements may include, without limitation, statements generally relating to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives and statements relating to the transaction to acquire Teads (“Transaction”). You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions or are not statements of historical fact. We have based these forward-looking statements largely on our expectations and projections regarding future events and trends that we believe may affect our business, financial condition, and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: overall advertising demand and traffic generated by our media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, and other events or factors outside of our control, such as U.S. and global recession concerns, geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel, supply chain issues, inflationary pressures, labor market volatility, bank closures or disruptions, and the impact of challenging economic conditions, political and policy uncertainties with the approach of the U.S. presidential election, and other factors that have and may further impact advertisers’ ability to pay; our ability to continue to innovate, and adoption by our advertisers and media partners of our expanding solutions; the success of our sales and marketing investments, which may require significant investments and may involve long sales cycles; our ability to grow our business and manage growth effectively; our ability to compete effectively against current and future competitors; the loss or decline of one or more of our large media partners, and our ability to expand our advertiser and media partner relationships; conditions in Israel, including the ongoing war between Israel and Hamas and other terrorist organizations, may limit our ability to market, support and innovate on our products due to the impact on our employees as well as our advertisers and their advertising markets, our ability to maintain our revenues or profitability despite quarterly fluctuations in our results, whether due to seasonality, large cyclical events, or other causes; the risk that our research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of our recommendation engine to accurately predict attention or engagement, any deterioration in the quality of our recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on our ability to collect, use and disclose data to deliver advertisements; our ability to extend our reach into evolving digital media platforms; our ability to maintain and scale our technology platform; our ability to meet demands on our infrastructure and resources due to future growth or otherwise; our failure or the failure of third parties to protect our sites, networks and systems against security breaches, or otherwise to protect the confidential information of us or our partners; outages or disruptions that impact us or our service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which we operate; the challenges of compliance with differing and changing regulatory requirements; the timing and execution of any cost-saving measures and the impact on our business or strategy; our ability and the time required to consummate the Transaction; our ability to successfully integrate Teads’s operations, technologies and employees and to recognize the anticipated benefits and synergies of the Transaction, including the expectation of enhancements to our services, greater revenue or growth opportunities, operating efficiencies and cost savings; the potential impact of the announcement or pendency of the Transaction on ongoing business operations and relationships, including our ability to maintain relationships with employees, customers, suppliers and others with whom we do business; the amount of costs, fees, expenses and charges relating to the Transaction; the initiation or outcome of any legal proceedings that may be instituted following the announcement of the Transaction; and the risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2023 and in subsequent reports filed with the SEC. Accordingly, you should not rely upon forward-looking statements as an indication of future performance. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events, or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation and do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About Outbrain

    Outbrain (Nasdaq: OB) is a leading technology platform that drives business results by engaging people across the Open Internet. Outbrain predicts moments of engagement to drive measurable outcomes for advertisers and publishers using AI and machine learning across more than 8,000 online properties globally. Founded in 2006, Outbrain is headquartered in New York with offices in Israel and across the United States, Europe, Asia-Pacific, and South America.

    For more information, visit https://www.outbrain.com.

    Media Contact

    press@outbrain.com

    Investor Relations Contact

    IR@outbrain.com

    (332) 205-8999

    The MIL Network –

  • MIL-OSI: AGF Investments Announces September 2024 Cash Distributions for Certain AGF ETFs and ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today announced the September 2024 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions, as well as AGF Global Sustainable Growth Equity ETF and AGF Systematic Global Multi-Sector Bond ETF, which pay quarterly distributions. Unitholders of record on September 30, 2024 will receive cash distributions payable on October 4, 2024.

    Details regarding the final “per unit” distribution amounts are as follows:

    ETF Ticker Exchange Cash Distribution Per Unit ($)
    AGF Enhanced U.S. Equity Income Fund* AENU Cboe Canada Inc. $ 0.136000
    AGF Total Return Bond Fund* ATRB Cboe Canada Inc. $ 0.108000
    AGF Systematic Global Infrastructure ETF QIF Cboe Canada Inc. $ 0.134910
    AGF Global Sustainable Growth Equity ETF AGSG Cboe Canada Inc. $ 0.016000
    AGF Systematic Global Multi-Sector Bond ETF QGB Cboe Canada Inc. $ 0.199000
             

    *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option.

    Further information about the AGF ETFs can be found at AGF.com.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With nearly $50 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

    AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

    This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    Media Contact

    Amanda Marchment
    Director, Corporate Communications
    416-865-4160
    amanda.marchment@agf.com  

    The MIL Network –

  • MIL-OSI: Heritage Holding Closes Inaugural Fund with Support from Institutional Capital

    Source: GlobeNewswire (MIL-OSI)

    Fundraising Target Met in Four Months with $220 Million in Committed Capital

    Strong Interest from Institutional, High-Net-Worth and Existing Investors

    BOSTON, Sept. 23, 2024 (GLOBE NEWSWIRE) — Heritage Holding (“Heritage” or “the Company”), a Boston-based private equity firm focused on advancing its successful record of partnering with small business owners and founders, today announced the successful close of its first, institutionally-backed Fund I (the “Fund”) with total committed capital of $220 million. The fundraise was completed in four months and was oversubscribed with commitments from leading institutional investors, high-net-worth individuals and existing investors.

    Heritage was founded in 2015 by Harvard Business School classmates and former co-CEOs of Maicom, Alex de Pfyffer and Ross Porter. Since inception, the Company has established itself as a leader in acquiring and growing small businesses across the services sector, working closely with owners and founders through operational improvements and M&A to build their companies into industry leaders. The Company’s dedicated investment team is highly experienced in sourcing acquisitions and strives to unlock overlooked opportunities in the small business world. Heritage’s history and forward ambition is to partner with successful business owners in providing private equity capital for M&A and sales growth, software implementation and, when desirable, enabling sellers to transition out of their companies over time.

    “Our goal is to focus on five platforms in industries that are on our shortlist and to scale those platforms quickly,” said Ross Porter, Heritage Holding Co-Founder. “Operational bandwidth and focused resources for growth are scarce in the small business ecosystem, which gives Heritage a unique opportunity to identify attractive founder led businesses across a variety of critical industries and build high performing and sustainable companies that can drive attractive outcomes for all stakeholders.”

    “Ross and I are extremely proud of the firm we have built, and we are grateful for the continued support of our investors, advisors and for the hard work of the HH team,” said Alex de Pfyffer, Heritage Holding Co-Founder. “With strong support from a world-class team of investors, the closing of this fund allows us to continue partnering with small business owners, founders and entrepreneurs to successfully grow their businesses and build leading platforms to better serve customers.”

    Small businesses often face unique operational challenges. The Heritage team recognizes and supports these challenges by taking on essential operations roles in the businesses in which the Company invests. In addition to Heritage’s strong operational involvement, the firm differentiates its value creation strategy by enhancing systems and software, focusing on driving new sales growth and enabling rapid and sustainable scaling through mergers and acquisitions.

    “Heritage did what they said they were going to do, they took care of my team, they tripled my business in size, expanded to the West Coast, and we opened a new successful operation in Canada. They are skilled executives and business operators, but above all they are trustworthy and honest good people,” said Paul Maiuri, former owner of Maicom.

    Heritage invests across the business services, healthcare, technology, telecom & IT services, industrial services and special situations industries. Since its founding, Heritage has completed over 25 acquisitions across eight platform companies.

    About Heritage Holding

    Heritage Holding is a micro-cap private equity firm that partners with small business owners and founders to build great companies by driving growth, increasing scale, diversifying service offerings and expanding businesses’ geographic footprints. Founded in 2015 by Harvard Business School classmates and former co-CEOs of Maicom, Alex de Pfyffer and Ross Porter, the firm targets companies across the business services, healthcare, technology, telecom & IT services, industrials and special situations industries where it feels it can add value through its operational expertise.

    Since inception, Heritage has completed 25 acquisitions across eight platform investments and has an investment team of over 12 individuals.

    Heritage is headquartered in Boston, MA and has offices in New York, NY and Raleigh, NC. For more information, please visit www.heritage-holding.com.

    Contact

    Dan Gagnier
    Gagnier Communications
    HeritageHolding@gagnierfc.com

    The MIL Network –

  • MIL-OSI: Stardust Power Welcomes Paramita Das as Chief Strategy Officer and Senior Advisor to Chief Executive

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Sept. 23, 2024 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced that Paramita Das will join as Chief Strategy Officer and Senior Advisor. She will directly advise the Company’s Chief Executive Officer and Founder, Roshan Pujari.

    With a 20-plus year career of increasing leadership roles and responsibilities at some of the world’s largest metals and minerals companies, Ms. Das has agreed to serve as Stardust Power’s lead external adviser, supporting the Company’s next phase of commercialization and development.

    “We are ecstatic to be working with Paramita given her stature and global leadership experience in the metals and mining sector, as we continue to advance our battery-grade lithium refinery in Oklahoma,” said Roshan Pujari. “Paramita shares our vision of reshoring lithium processing and production to support U.S. energy independence. I look forward to working closely with her to ensure Stardust Power remains at the forefront of operational supply chain and sustainability practices.”

    Ms. Das has over 20 years of experience working with and serving on the boards of global companies, and brings deep expertise in leading teams of commercial, business development and technical professionals. Previously, she spent over 8 years at Rio Tinto, the world’s second largest metals and mining corporation, most recently serving as the Global Head of Marketing, Development and ESG, Metals and Minerals for various Rio Tinto Corporate listed entities. She also had lead roles in commercialization by transforming business segments into highly profitable divisions. Previously, she served as Chief Strategy Officer for Operating Consortium of Sumitomo Corporation, Itochu Corporation, UACJ Consortium and Head of Strategic Planning & Performance at BP’s business unit. She currently serves on the Board of Directors of Genco Shipping & Trading Limited, and Coeur Mining, Inc.  

    “I am thrilled to join the exceptional team at Stardust Power as Chief Strategy Officer and Senior Advisor,” said Ms. Das. “As an emerging growth company, Stardust Power offers a unique opportunity to establish a leading U.S. lithium refinery from the ground up. This role allows me to leverage my expertise in commodities and mining while addressing crucial aspects like electrification and supply chain security. I am eager to contribute to creating a robust ESG framework for how we communicate, operate, and report to stakeholders. I look forward to supporting Roshan and the entire Stardust Power team in this exciting and impactful mission.”

    About Stardust Power Inc.

    Stardust Power is a developer of battery-grade lithium products designed to supply the electric vehicle (EV) industry and bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com

    Stardust Power Contacts

    For Investors:
    Johanna Gonzalez 
    investor.relations@stardust-power.com

    For Media:
    Michael Thompson 
    media@stardust-power.com

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.

    Stockholders and prospective investors should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.

    Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/924a57ab-c2fd-470b-8f4a-3d5748996048

    The MIL Network –

  • MIL-OSI: IDEX Biometrics extraordinary general meeting held on 23 Sep 2024

    Source: GlobeNewswire (MIL-OSI)

    IDEX Biometrics ASA held an extraordinary general meeting on 23 September 2024. 87.2 million shares or 25.7% of the share capital was represented at the meeting.

    The authorisation to the board to issue new shares, was approved by the extraordinary general meeting. The board will apply this authorization to issue the Tranche 1 Shares as disclosed in connection with the private placement on 16 September 2024: https://newsweb.oslobors.no/message/627919 .

    For the avoidance of doubt, the issue of Tranche 2 Shares and the Subsequent Offering will be presented to the extraordinary general meeting on 9 October 2024; https://newsweb.oslobors.no/message/627919 .

    For further information contact:
    Marianne Bøe, Head of investor relations
    E-mail: marianne.boe@idexbiometrics.com
    Tel: +47 918 00186

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit www.idexbiometrics.com

    About this notice
    This notice was issued by Erling Svela, Vice president of finance, on 23 June 2024 at 13:35 CET on behalf of IDEX Biometrics ASA. This information is subject to disclosure pursuant to Euronext Oslo Børs rule book, and also section 5‑8 of the Norwegian Securities Trading Act (STA) and published in accordance with section 5‑12 of the STA.

    The MIL Network –

  • MIL-OSI Economics: Wealth State Group: The financial supervisory authority BaFin warns against offers on the website wealthstategroup.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    It is suspected that banking business and financial or investment services are provided on this website without the required authorisation. The company is not supervised by the alleged FISEU (European Financial Security). There is no FISEU supervisory authority and it does not supervise companies that operate in the financial sector.

    Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether companies have been authorised by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

  • MIL-OSI Africa: African Leaders Meet to Combat Land Degradation and Desertification at African Ministerial Conference on the Environment (AMCEN) Special Session

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, September 23, 2024/APO Group/ —

    The African Development Bank (www.AfDB.org), the African Union Commission, the United Nations Environment Programme (UNEP), and the United Nations Convention to Combat Desertification (UNCCD) brought together African ministers of environment in Abidjan to adopt the Abidjan Declaration (https://apo-opa.co/3BnJ6GN), a commitment to jointly tackle land degradation, desertification, and drought across Africa.

    The 10th Special Session of the African Ministerial Conference on the Environment (AMCEN), held from 3-6 September, served as a platform to generate political momentum and secure essential financing and partnerships to address these urgent environmental challenges. Key discussions focused on four critical policy areas: mitigating droughts in Africa; enhancing ambition to achieve land degradation neutrality targets; promoting ecosystem restoration opportunities; and strengthening partnerships for implementation and resource mobilisation.

    The dialogue is expected to shape Africa’s strategies on finance, natural capital, and addressing marine and coastal challenges ahead of the UNCCD COP 16 to be held in Riyadh, Saudi Arabia, from December 2 to 13, 2024. 

    The Prime Minister of Côte d’Ivoire, Robert Beugré Mambé attended. In opening remarks, he said: “There is a very concerning imbalance. We must stay informed in order to provide responses to our concerns, particularly to the global community, which is worried about the highly negative impact of climate change on our economic, human, and social activities. Some examples show that climate change affects more than 100 million hectares of land each year.”

    Dr. Osama Ibrahim Faqiha, Deputy Minister at Saudi Arabia’s Ministry of Environment, Water and Agriculture and Advisor to the COP16 Riyadh Presidency also attended the ministerial dialogue. He said, “Elevating Africa’s ambitions to combat land degradation aligns with the message we wish to convey at COP16. It is crucial that land is prioritised in global efforts against drought, famine, rising carbon emissions, and forced migration—issues that have too often been sidelined.”

    The Abidjan Declaration, adopted on September 6, 2024, during the conference, reflects the commitment of African governments to addressing the challenges of desertification and land degradation. Over 65 percent of the continent’s land is affected by degradation, impacting 400 million people.

    Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate and Green Growth, underscored the significance of these discussions. “Today’s session is an opportunity to review Africa’s progress since COP 15 in May 2022. The challenges of land degradation and drought are pressing, and we are committed to finding urgent solutions as we implement our Ten-Year Strategy for 2024-2033,” he said.

    Anthony Nyong, Climate Change and Growth Director at the African Development Bank, called for a shift in narrative regarding Africa’s challenges. “Partnership is essential in tackling the complex issues of land degradation, drought, and desertification. We must adopt an integrated, sustainable approach, prioritizing investments in sustainable land practices and climate resilience. However, the prevailing narrative of vulnerability and underdevelopment obscures the climate opportunities and deters private investment.”

    MIL OSI Africa –

  • MIL-OSI Africa: Africa50 investment platform gets thumbs up for its innovative financing, strategic partnerships and performance

    Source: Africa Press Organisation – English (2) – Report:

    ANTANANARIVO, Madagascar, September 23, 2024/APO Group/ —

    Presidents of Madagascar and Tanzania praise Africa50’s critical role in addressing the continent’s infrastructure challenges; Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing in just seven years, Adesina.

    Africa50 (www.Africa50.com), the investment platform established by African governments and the African Development Bank, is exceeding expectations and closing critical infrastructure funding gaps through innovative financing mechanisms and strategic partnerships, stakeholders heard on Thursday.

    Speaking at Africa50’s 2024 annual General Shareholders Meeting held in Antananarivo, the President of Madagascar, Andry Rajoelina, and his Tanzanian counterpart,  Samia Suluhu Hassan, acknowledged the institution’s pivotal role in addressing the continent’s infrastructure and economic challenges, creating a foundation for sustainable development and prosperity.  

    President Rajoelina highlighted how Africa50 is driving transformational change by mobilizing financing for large-scale infrastructure projects in his country and across the continent.

    He said Madagascar, with its abundant natural and renewable resources, has become a model for energy transition, and added that the country needs the support of international partners such as Africa50.

     “To realise our vision, we need the support of international partners, and this is where the role of Africa50 members is crucial. We need to work together to secure funding for ambitious projects and enable Madagascar to make the transition to green, sustainable energy. This is a challenge for the whole of Africa,” the president said.

    He remarked that the continent has a unique opportunity to reaffirm itself as a global leader in the climate change challenge by supporting innovative and sustainable projects. “Africa is not the problem, Africa is a solution.”

    President Samia Suluhu Hassan, in a speech read by the  Minister of Finance and Planning, Mwigulu Lameck Nchemba Madelu, described clean cooking as an international agenda and a business that must be treated as such.

    According to the International Energy Agency, nearly one billion people in Africa cook with polluting fuels, which has a direct impact on health and leads to half a million premature deaths every year. Yet, the cost of solving the clean energy problem is relatively low.

    The Tanzanian leader encouraged the use of clean cooking microfinance by providing low-interest loans to households to purchase clean cookstoves, allowing for a more manageable transition to clean cooking solutions… “It is crucial to make clean cooking affordable, especially in low-income areas. Governments can introduce effective incentives for producers and consumers to reduce the cost of cooking materials,” the Tanzanian president said.

    The meeting brought together global leaders, policymakers, investors, and infrastructure experts to strategize and collaborate on the actions needed to mobilize investment in a sustainable future for Africa.

    “The fact that Africa50 is exceeding expectations and bridging the funding gap by tackling today’s challenges through innovative financing mechanisms and strategic partnerships is good news for Africa and the world,” President and Chairman of the Boards of Directors of the African Development Bank Group Dr. Akinwunmi Adesina said in a keynote speech at the event.

    Adesina, who is also Chairman of the Africa50 Board of Directors, told the meeting that Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing In just seven years of operation. “Its portfolio includes 25 transformative projects in 28 countries, with a total value exceeding $8 billion across energy, transport, digital infrastructure, education, and healthcare sectors.”

    In December 2023, the Africa50 Infrastructure Acceleration Fund (IAF) secured $222.5 million at first close from predominantly African investors, a first for the continent.

    Africa50’s vision for Africa’s future

    With Africa’s population projected to reach 2.5 billion by 2050 and a booming consumer market, the continent will be one of the most sought-after investment destinations in the world, Adesina told the meeting, “We are determined to continue mobilizing capital, overcoming barriers to investment, and delivering transformative projects.”

    In his remarks, Africa50 CEO Alain Ebobissé said over the past year, the institution had invested in key infrastructure projects, guided by the need for speed and scale in implementation for the continent. “Investors manage more than $2.3 trillion in Africa. Africa50 aims to mobilise and catalyse some of this capital to finance infrastructure in Africa,” he said.

    He highlighted Africa50’s Infrastructure Acceleration Fund as an achievement that is the first of its kind in Africa.

    “This fund is a significant step forward in mobilising African capital to bridge Africa’s infrastructure gap,” Ebobissé added.

    In 2023, Africa50 demonstrated its potential by facilitating significant foreign direct investment in clean energy, even as global FDI declined by 3%.

    With over 60% of the world’s solar energy potential, Africa has a golden opportunity to pursue a low-carbon energy trajectory, expand its electricity supply, and decarbonize its economies.

    Madagascar, the world’s fourth-largest island nation, was cited as an example of how infrastructure development can stimulate economic growth.

    The African Development Bank’s commitments in Madagascar total more than 1 billion dollars, with transport, energy, and agriculture accounting for more than 97% of the portfolio.

    The flagship Sahofika project, which will be the benchmark for green baseload in the country’s energy mix, will reduce the share of thermal power generation to less than of thermal generation to less than 10%, cutting the country’s generation costs by more than 30%.

    Transport infrastructure

    The African Development Bank remains committed to supporting Madagascar in its efforts to improve connectivity and promote trade across the continent through sustainable transport infrastructure projects, Adesina said.

    “Thanks to the corridor development and trade facilitation project, 165 km of roads, including the Analamisampy-Manja section, along with four bridges on the RN9, have been constructed, reducing travel time from 48 hours to just 5 hours,” Adesina said.

    “Transport infrastructure improvements are also revolutionizing trade and travel, reducing travel times along key corridors from 48 hours to just five hours,” he added.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Chancellor unveils package to deliver promises of new government

    Source: United Kingdom – Executive Government & Departments

    The Chancellor has today unveiled a package of measures to deliver on the agenda of the new government.

    • 750 schools with primary aged pupils funded for breakfast club pilot to run from April 2025
    • New Industrial Strategy to be published in spring
    • Decision to write off over £640 million in written off Covid PPE contracts reversed
    • HMRC to consult on e-invoicing for businesses and government departments

    The Chancellor has today unveiled a package of measures to deliver on the agenda of the new government including a breakfast club pilot for 750 schools with primary aged pupils, new powers for the Covid Corruption Commissioner, e-invoicing to support business and the next steps on the government’s industrial strategy.

    School Breakfast Club Pilot

    The Chancellor announced that up to 750 schools with primary aged pupils will be invited to take part in a £7 million breakfast club pilot. The funding will allow these schools to run free breakfast clubs for their pupils in the summer term (April-July 2025).

    The Department for Education will work with the schools selected as part of the pilot to understand how breakfast clubs can be delivered to meet the needs of schools, parents and pupils when the programme is rolled out nationally.

    This will help reduce the number of students at schools with primary aged pupils starting the school day hungry and ensure children come to school ready to learn. It will also support the government’s aim to tackle child poverty by addressing rising food insecurity among children.

    Covid Corruption Commissioner

    Reeves also announced a block on any Covid-era PPE contract being abandoned or waived until it has been assessed by the new Covid Corruption Commissioner, whom will be appointed in October. 

    The decision will affect £647 million of Covid PPE contracts where contract recovery was previously earmarked to be waived. 

    It follows action already in motion to cut government waste and curb unnecessary spending. In her statement to Parliament in July, the Chancellor pledged to halve government consultancy spend from 2025-26, with savings targets of £550 million this financial year and a further £680 million in the next already announced.

    Excessive use of ministerial travel by aeroplane and helicopter is also being cutdown, with a contract for a VIP helicopter previously cancelled.

    Industrial Strategy

    The Chancellor also today announced that the Industrial Strategy will be at the heart of the government’s mission to grow the economy, unlock investment and make every part of the country better off. It will focus on delivering long-term change to the economy by making Britain a clean energy superpower and accelerating to net zero, breaking down barriers to regional growth, and building a secure and resilient economy.

    A green paper will be published around Budget in October outlining the long-term sectoral growth and priority industries of the government, ahead of the final strategy published in the spring of 2025 following a consultation with business.

    HMRC package

    Chancellor Reeves also outlined a package of reforms to improve the UK’s tax system to help fix the foundations of the UK economy.

    As part of the package, HMRC will soon launch a consultation on electronic invoicing (e-invoicing) to promote its wider use across UK businesses and government departments.

    The introduction of e-invoicing can significantly reduce administrative tasks, improve cash flow, boost productivity, introduce automation, and reduce errors in tax returns – all helping to close the tax gap. The consultation will gather input from businesses on how HMRC can support investment in and encourage e-invoicing uptake.

    The Chancellor also announced that Exchequer Secretary to the Treasury James Murray, the minister responsible for the UK’s tax system, has become the Chair of the HMRC Board. This is to help oversee the implementation of his three strategic priorities for HMRC; closing the tax gap, modernising and reforming, and improving customer service.

    It was also announced that a new Digital Transformation Roadmap, aimed to be published in Spring 2025, will set out HMRC’s vision to be a digital first organisation underpinned by customer insight. The Roadmap will include measures to ensure digital inclusion and support for customers who cannot yet interact digitally.

    There was a further update that new staff are expected to join HMRC’s training programme in November as 200 additional offer letters have been issued as part of the 450 letters already sent. This is part of HMRC’s plans to recruit an additional 5,000 compliance staff to help close the tax gap.

    Updates to this page

    Published 23 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI USA: Searching for a Vaccine Against an Ancient Scourge

    Source: US State of Connecticut

    Syphilis cases have surged worldwide, leaving public health officials scrounging for ways to stop the spread. Now, a large, collaborative study of syphilis genetics from four continents has found hints of a possible target for a vaccine.

    Syphilis is a sexually transmitted illness that first appeared in Europe about 500 years ago. Its initial symptoms can vary, but the spiral shaped bacterium that causes it can persist in the body for years, often in the central nervous system, and cause birth defects when it infects infants in utero. Syphilis cases decreased in the middle 20th century as easy, effective treatment with injectable penicillin became available, and became uncommon in the 1990s due to changes in sexual behavior in the wake of the HIV epidemic.

    But recently, syphilis has made an unwelcome comeback. There were 207,255 cases in the U.S. in 2022, according to the Centers for Disease Control (CDC), more than any time since the 1950s. Babies, some of them stillborn, made up 3,755 of those cases. Other countries worldwide are seeing the same disturbing upward trend.

    Stopping syphilis’s spread has become a pressing public health goal. Now, an international collaboration of researchers and doctors has collected one of the most extensive genomic surveys of the syphilis bacterium to date and correlated the genetic data with clinical information about the patients who provided the samples. They are using the data to search for proteins on the surface of the microbe that don’t vary. Such stable proteins could be good targets for a vaccine. They published their findings in the September issue of Lancet Microbe.

    Several previous scientific studies using whole genome-sequencing of Treponema pallidum subspecies pallidum (the bacterium that causes syphilis, abbreviated as TPA) have helped researchers begin to understand the global distribution of circulating strains. However, few analyses of specimens for the purpose of evaluating TPA clinical and genetic diversity to inform syphilis vaccine development have been performed.

    This study enrolled participants from four countries, including Colombia, China, Malawi, and the U.S. Samples of TPA genomes from Africa and South America had been underrepresented in previous genetic studies and were a particularly valuable addition to the TPA genetic dataset.

    Once the samples were collected, they were sent to the University of North Carolina’s Institute for Global Health and Infectious Diseases in Chapel Hill (UNC-Chapel Hill) to have their genetic sequences mapped in Dr. Jonathan Parr’s laboratory.

    “Whole-genome sequencing samples collected by partners around the world improved our understanding of circulating Treponema pallidum strains. The results help us understand differences between strains and identify targets for vaccine development,” says Parr.

    The researchers’ genetic mapping and protein modeling found that syphilis bacteria differed noticeably between continents, but there were enough similarities that the researchers believe they could find good targets for an effective global vaccine.

    UConn School of Medicine Professor Justin Radolf, one of the senior authors on the publication and a Principal Investigator on the NIH U19 award that funded the study, emphasized the importance of these findings.

    “By mapping mutations to three-dimensional models of the bacterium’s proteins, we’ve gained crucial insights that will inform the design of a syphilis vaccine,” Radolf says.

    Researchers at UNC-Chapel Hill are assessing vaccine acceptability to determine what concerns individuals may have on participating in future syphilis vaccine trials and the potential impact of a vaccine on key populations.

    “Engaging with the community now is really important in order to get patients’ opinions and concerns about a future syphilis vaccine trial even before the vaccine has been developed,” says Dr. Arlene C. Seña from UNC-Chapel Hill, co-lead on the clinical study that enrolled participants worldwide and the lead author on the Lancet Microbe manuscript.

    The team has already secured funding to continue their efforts to develop a syphilis vaccine.

    “This study highlights the power of collaboration,” says Juan Salazar, Physician-in-Chief at Connecticut Children’s and co-lead of the project, who also serves as chair of the department of pediatrics at UConn School of Medicine. “Our work here is not just about addressing a local health concern; it’s about contributing to a global solution for a disease that continues to affect millions worldwide.”

    The study was supported by grants from the National Institutes of Health (NIH), the Bill & Melinda Gates Foundation, Connecticut Children’s Medical Center, and several international research institutions.

    MIL OSI USA News –

  • MIL-OSI USA: Repackaging Seafood Waste as Plastic Alternatives

    Source: US State of Connecticut

    Seafood is a major industry in New England. It generates a lot of revenue for coastal communities, but with that productivity can come a lot of waste.

    Right now, that waste – things like crab and lobster shells – is just dumped into landfills where it decomposes slowly and releases greenhouse gases into the atmosphere.

    Researchers in New England have been looking at how that waste could be used to help rather than harm the environment.

    Mingyu Qiao, assistant professor of innovation and entrepreneurship in the Department of Nutritional Sciences, and Yangchao Luo, associate professor of nutritional sciences, are two researchers in the College of Agriculture, Health and Natural Resources investigating how seafood waste and algae can be used to produce plastic-free, biodegradable packaging.

    They recently published four articles on the topic, in Foods, Food Hydrocolloids, and two in International Journal of Biological Macromolecules 1 and 2.

    “That’s the motivation,” Qiao says. “We’re looking for ways we can better use that seafood waste to create a value-added product.”

    Plastic packaging is also a major source of waste in the world. Single-use plastics often make their ways into our waters where they pose a danger to sea life.

    Microplastics, pieces of plastic broken down to nearly undetectable sizes, affect humans too, as they have shown up in human brains and reproductive organs.

    Plastics are harmful to human health in another way – PFAS. PFAS (Per- and polyfluoroalkyl substances) also known as “forever chemicals” are found in plastics and plastic coatings on paper food wrappers. They leech into our food, and we then consume these harmful chemicals.

    Qiao and Luo are looking for a solution that tackles waste from both directions.

    “Each type of seafood waste has different (chemical) components, and they might have different properties, so it can be good for different applications,” Qiao says. “The challenge is how to identify those molecules, their properties, and the best use.”

    Natural polymers like the ones with which Qiao and Luo work are safer for human, animal, and environmental health, aligning this work with the College’s investment in One Health approaches.

    These polymers do not contain synthetic chemicals which are linked to a host of poor health outcomes, and they can be easily degraded in the ocean, given that is where they originated.

    “Nature already has a mechanism to biodegrade those polymers that is millions of years old,” Qiao says.

    Luo works on turning a compound found in crab and lobster shells into packaging using an extraction process that does not generate toxic waste.

    “Even though the polymer is green, the process is not,” Qiao says. “That’s why we’re developing what we call a green biorefinery method using microorganisms that produce enzymes to break down those tissues and then we can extract the polymers sustainably.”

    In partnership with UConn’s Technology Commercialization Services (TCS), Luo and Qiao have forged a strategic alliance with a leading lobster processing company in Massachusetts to implement this innovative green extraction method on seafood waste. Together, they are pursuing a Small Business Technology Transfer (STTR) grant to accelerate the development and commercialization of this groundbreaking technology.

    Amit Kumar, senior director of licensing at UConn, says “The seafood processing industry produces valuable waste that is rich in components like chitin and alginate, which have significant potential for diverse applications, from food and medical technologies to sustainable packaging alternatives. These projects aim to harness these materials to create high-impact, eco-friendly solutions across various industries by replacing petroleum-based materials.”

    Qiao works with alginate, a compound found in algae, as an edible coating on food. He is looking at how spraying produce, like strawberries, with an alginate coating can help increase their shelf-life without the need for plastic packaging.

    Alginate is an attractive option for this application because it is completely edible, calorie-free, and not a common allergen, which is a concern for seafood-derived polymers.

    The researchers are also working with local seaweed farmers, collaborating with them as they move toward commercializing this technology.

    A postdoctoral researcher working in Qiao’s lab, Anuj Purohit, has established a company called Atlantic Sea Solutions to develop and commercialize this technology. The company was selected to receive funding from the Connecticut Center for Entrepreneurship and Innovation, or CCEI over the summer. Atlantic Sea Solutions was selected as one of five teams to compete in the School of Business’ Wolff New Venture Competition in October.

    “This research is not staying on the paper,” Qiao says. “There is commercial interest right now.”

    Qiao and Luo have disclosed three inventions and filed two provisional patents in this area.

    “We extend our heartfelt thanks to the CAHNR leadership for their continued investment in applied research like ours. These projects were initially supported by the CAHNR Exploratory Research Grant and the Strategic Vision Implementation Committees (SVIC) Funding, and we’re now beginning to see the fruits of that investment.”

    This work relates to CAHNR’s Strategic Vision area focused on Ensuring a Vibrant and Sustainable Agricultural Industry and Food Supply, Advancing Adaptation and Resilience in a Changing Climate and Enhancing Health and Well-Being Locally, Nationally, and Globally.

    Follow UConn CAHNR on social media

    MIL OSI USA News –

  • MIL-OSI USA: UConn’s Teacher Certification Program for College Graduates Streamlines Course Offerings, Boosts Enrollment, and Enhances School Partnerships

    Source: US State of Connecticut

    The Neag School of Education’s Teacher Certification Program for College Graduates (TCPCG) has implemented significant changes over the past year aimed at better accommodating the needs of students and school district partners. The main shift was the program’s length, which decreased from 11 months to 10 months beginning with the summer 2024 cohort.

    The decision to start the full-time program in mid-June proved beneficial in multiple ways. Under the previous structure, students who already worked in schools and wanted to pursue teacher certification had to leave their jobs before the end of the school year, which posed a challenge for them and their districts.

    “This new timeline was chosen after a careful review of district calendars across the state,” says Tracy Sinclair, director of TCPCG. “By delaying the start, candidates working as paraprofessionals or long-term substitutes no longer had to quit their jobs early, helping school districts retain essential staff during the critical end-of-school period in June.”

    Sinclair notes this change has also led to a demographic shift in the program’s enrollment. While there are still non-traditional students making mid-career transitions into teaching, many program participants are now recent college graduates.

    “The 10-month program design allows these graduates a brief break between completing their undergraduate studies and starting the intensive graduate program,” she says. “Previously, students had only a few days between their undergraduate graduation and the start of TCPCG, which left little room for adjustment.”

    Instead of offering two six-week summer semesters, the new program structure consolidates coursework into one 10-week summer semester. This allows students to spend more time on fewer courses, enabling a deeper understanding of critical pedagogical concepts. Sinclair explains that this shift from “a mile wide and an inch deep” to more focused, longer courses has improved the overall quality of the education students receive.

    This condensed timeline allows me to balance family responsibilities while pursuing my teaching career and minimizing time away from my children. &#8212 Kamie Merithew, current student

    Despite these changes, Sinclair acknowledges that the program remains rigorous. Students still take five graduate courses over 10 weeks in the summer, which can be challenging. However, the new structure includes shorter class days and built-in time for school-based clinical experiences, giving students more flexibility.

    Ultimately, the shift to a 10-month program has positively impacted enrollment. Sinclair reports a 57% increase in enrollment across all four regional campuses that offer the program, which she attributes to a combination of effective marketing and the appeal of the redesigned structure. This growth is a promising sign for the program’s future as it continues to adapt to meet the needs of aspiring teachers and the Neag School’s partner schools.

    “This condensed timeline allows me to balance family responsibilities while pursuing my teaching career and minimizing time away from my children,” says Kamie Merithew, a current TCPCG student. “As an adult transitioning careers later in life, I can quickly leverage my valuable life experiences and transferable skills in the classroom. The shorter program also reduces tuition costs and living expenses and enables me to gain practical experience to start teaching sooner.”

    Joseph Macary ’94 (CLAS), ’05 ELP, ’16 Ed.D., Vernon Public Schools’ superintendent, is an enthusiastic supporter of TCPCG’s new residency program. (Defining Studios)

    Another change to TCPCG, initially launched in 2021 with just a handful of districts, is its residency program offering students a half-year paid experience in participating school districts. These residencies allow students to spend two days in their specific content area and three days as a building substitute, providing them with valuable hands-on experience. At first, the program was small, but as demand grew the number of participating schools expanded rapidly. Now, TCPCG has partnered with over 20 schools across Connecticut.

    In 2022-2023, a significant milestone was achieved when a district offered a full-year residency.

    “Now, all of UConn’s regional campuses have at least one district offering a full-year residency, giving students a unique opportunity to gain sustained experience while alleviating some of the financial pressures associated with a graduate education,” Sinclair says.

    One of the main benefits of this program is that it allows students to gain professional experience while also earning a salary. Sinclair emphasizes that “this blend of earning while learning helps ease the financial burden while still preparing students for a career in teaching.”

    “From the perspective of school districts, the benefits are twofold,” she says. “Not only do they receive an additional staff member in the form of a building substitute during critical times, such as the lead-up to the holiday season, but they also gain the advantage of having a potential future employee immersed in their school environment for an entire year.

    “This full-year engagement serves as a yearlong interview, allowing schools to evaluate the residents in real-world scenarios,” Sinclair says. “For students, this integration into a school community can foster deeper connections and increase their chances of securing employment post-graduation.”

    “I think it’s great that the TCPCG program has a residency program in various school districts,” says Thomas Murray, a current student. “I know a lot of students in my cohort were ecstatic to hear that they will be getting paid for classroom observations. It gives us the opportunity to be at our placement every day and become more comfortable with the students and building.”

    Will Kampfman ’24 MA, who recognizes the benefits of the revamped TCPCG program, spoke during a Teacher Education Appreciation event this summer at UConn Hartford. (Shawn Kornegay/Neag School)

    A recent TCPCG alumnus agrees.

    “In addition to the financial benefits of being able to work while attending school, I was able to both work in the education field and at the school – and with the classes – where I would ultimately be doing my student teaching,” says Will Kampfman ’24 MA, a Hartford Public Schools social studies teacher. “My experience through the residency program was invaluable in preparing me for my student teaching experience in the spring, as it allowed me to start working with my cooperating teacher, to gain experience at my placement school, and to begin building positive rapport with my students.”

    Vernon Public Schools is enthusiastic about partnering with TCPCG, specifically developing future teachers through the residency model.

    “This collaboration builds on a longstanding relationship between Vernon schools and UConn, with many of the district’s most successful teachers being UConn graduates,” Superintendent Joseph Macary ’94 (CLAS), ’05 ELP, ’16 Ed.D. says. “Vernon has actively recruited UConn graduates for over a decade, and we have found great success in retaining these teachers, with very few leaving unless for personal reasons like moving.

    “The new residency program is particularly promising. Currently, seven aspiring teachers are placed across Vernon schools, where they are already making an impact,” Macary says. “One principal expressed interest in hiring these residents next year due to their impressive performance. The program allows the district to evaluate whether these residents truly want to pursue teaching before fully committing to the profession.”

    The district views the program as a solution to a national problem: the shortage of teachers. Fewer people were entering the profession even before the pandemic, and COVID-19 worsened the situation. Vernon has struggled to maintain a full staff of teachers, so building a pipeline through TCPCG’s residency program is crucial. Macary hopes many of these future educators will choose to stay in Vernon.

    These program changes – the new residency component that benefits both TCPCG students and the program’s partner districts, and the shortened program length – ensure that UConn’s Teacher Certification Program for College Graduates continues to be an integral part of Connecticut’s educational landscape. The program prioritizes meeting the needs of the state’s public schools and those of future educators.

    To learn more about the Teacher Certification Program for College Graduates, visit s.uconn.edu/teach.

    MIL OSI USA News –

  • MIL-OSI USA: Confronting the Problem of Suicide

    Source: US State of Connecticut

    In 2022, nearly 50,000 Americans died by suicide, making it the 11th leading cause of death in the country – and the second leading cause of death among people aged 10-14 and 25-34. September is National Suicide Prevention month, when health care providers, advocates, survivors, educators and others work to change public perception on the topic and offer hope for people struggling with suicidal thoughts. Dr. Neha Jain, Associate Professor of Psychiatry at UConn Health, recently spoke with UConn Today about common misconceptions on suicide, what warning signs to look out for, and how to find help.

     

    Q: What has been the effect, if any, of the pandemic on what we’ve seen in terms of the problem of suicide?

    As mental health providers, we were all very concerned that the pandemic would lead to an increase in rates of suicide. But what we found, interestingly, is that, during the initial period of the pandemic, suicide actually decreased. And this was attributed to people coming together during a moment of crisis: a lot of people moved back home; there were a lot of campaigns about mental health awareness; there was a push to increase access to mental health services. People were spending more time with their families, so there was less social isolation. We did not see an increase in suicide. If anything, the rates reduced a little bit, though I will say that reduction was driven mostly by white persons and less so amongst populations of color. But by 2022 the rates increased again, and reverted back to the trend we had been observing before the pandemic.


     Q: In general, what kind of factors might make the risk of suicide higher for someone?

    I think of suicide risk factors as falling into two broad categories: first, factors that we cannot change, and then factors that are modifiable, that we can change. For example, male gender has always been a  risk factor for suicide. People who are single,divorced or widowed, certain age groups like adolescents and young adults, and  adults over the age of 65, are  at high risk. In our profession, we tend to focus more on modifiable factors; things like a history of suicide attempts, a history of mental illness or substance use, social isolation, loneliness, limited economic means or economic insecurity, chronic pain and physical illness. Those are all risk factors for suicide that can be modified or treated.


     Q: One thing we hear from students is they want to know what warning signs are. They want to know when it’s appropriate to intervene. But there seems to be a lot of, especially on social media, a lot of contrasting information about that, or misinformation, as it might be. So, what are some warning signs that people should look for?

    Dr. Neha Jain is a psychiatrist at UConn Health. (Tina Encarnacion/UConn Health photo)

    For students, I would say really any marked change in behavior is a potential warning sign. It can be a big change in eating or sleeping patterns. It can be somebody just talking about wanting to die, feeling hopeless, feeling more depressed, talking about feeling shame or guilt, talking about being a burden to others. It can be completely withdrawing and not interacting with people anymore. Also, an increase in anxiety, increase in anger or agitation can be a clue. If a person is describing a lot of emotional or physical pain that they cannot bear, that can be a warning sign. And then there are things that you might notice in terms of behavior, for example, if somebody is doing anything that could be considered research about methods of suicide or making preparations for death. Some of those preparations might include giving away important things, writing “goodbye” letters, doing dangerous things like driving fast, drinking heavily, or substance use. All of those can be warning signs. That being said, sometimes suicides can happen with no warning signs at all. So, it is also important to realize that a person may look and act just fine, but they may be feeling something that is not visible on the outside.

    Q: Younger people seem more willing in general to talk about their mental wellness, certainly more so than people of my generation. But is there still a stigma around the topic of suicide? Are people still reluctant to discuss it, for fear they might upset or even trigger someone?

    Absolutely. I think there are lots of different things that play into that, in addition to the stigma in general around suicide. Some people are just too worried to ask – you know, “What if I ask if this person is thinking about suicide, and they say yes. What am I going to do then?” There is also this concern that somehow asking about suicide may actually make a person more likely to commit suicide, and I want to emphasize that isn’t true. So, you should not feel afraid to ask about suicide if you’re worried about it.


     Q: Can you talk about what “suicide contagion” is and how it can be prevented?

    Suicide contagion is exactly what it sounds like, where the suicidal behavior or suicide of one person then influences others to commit or attempt suicide. That effect does seem to be stronger in adolescents and young people, and there have been a lot of well-publicized clusters, particularly if there is a celebrity who commits suicide or attempts suicide. It will often lead to a contagion cluster, and not necessarily in the same geographical area, obviously, because the news can be read anywhere. It’s important to realize that people will talk about suicide if there is a suicide. It will be reported in the media. It doesn’t help to brush away or hide a suicide, but suicide contagion is real, and it’s not so much the actual suicide as how it is portrayed that can affect the contagion behavior. So, if a suicide is presented in a sensationalistic way, there can be a kind of excitement around it. In a 24-hour non-stop news cycle, there will be a lot of description, a lot of drama and, and it may  be presented as  a strategy: “This person was so unhappy, this was their only way out.” Sensational reports can downplay the person’s struggles, downplay the stress or the substance abuse, or other negative experiences they were dealing with. Suicide can and should be reported on, but doing it in a fact-based manner, understanding that it is often a lot more complicated picture than it seems on the surface, is the responsible way to do it.


     Q: What are some common misconceptions people have about suicide?

    The big one that I see is, again, the idea that talking about it or asking somebody about it will make them more likely to attempt suicide. I do not think that is true. I think there is also this idea that, “Oh, this person looks just fine. How could they end their life?” But a person may be able to hide a lot of depression, a lot of conflict, a lot of stress. If you’re worried about your friend, asking them about it and talking about it can be very helpful, so we shouldn’t hesitate.

    Q: That segues perfectly into what might be the most important question: if someone is concerned that a family member, friend, or loved one might be contemplating suicide, what should they do?

    Don’t hesitate to talk, even if you’re not completely sure about what they are planning or contemplating. You can always offer them the crisis lifeline information. The phone number for the suicide crisis Lifeline is 988. They can call that number to talk to a crisis worker. They can also contact the crisis text line, which is often preferable to people, and for that you text TALK to 741741. Don’t hesitate to offer this information to anybody that you think is struggling. Don’t be afraid to put this information out there where everybody can access it. If you feel that there is a life-threatening situation, you can always call either 911 or 211, which is the mental health helpline in Connecticut. The CT suicide advisory board has some useful resources at https://www.preventsuicidect.org/  Finally, I think it is always better to reach out and offer help, or ask for help.

    If you are struggling with severe depression or suicidal thoughts, UConn Health and its psychiatry experts urge you to alert your psychiatric provider immediately. If you do not have a provider, get help by calling:  9-1-1, 2-1-1, or the national Suicide & Crisis Hotline 988, or visit your nearest Emergency Department where health care providers are always standing by to help you stay safe.

    MIL OSI USA News –

  • MIL-OSI Translation: AFRICA/CONGORD- Appointment of the Bishop of Isiro-Niangara

    MIL OSI Translation. Region: Italy –

    Source: The Holy See in Italian

    Monday, September 23, 2024

    Vatican City (Agenzia Fides) – The Holy Father has appointed Bishop Dieudonné Madrapile Tanzi, currently Bishop of the Diocese of Isangi, as Bishop of Isiro-Niangara, in the Democratic Republic of the Congo, transferring him from the same See. Bishop Dieudonné Madrapile Tanzi was born on 18 August 1958 in Niangara. He received priestly ordination on 25 August 1985 for the Diocese of Isiro-Niangara. He has held the following positions and carried out further studies: Formator in the Minor Seminary of Rungu (1985-1986); Professor and spiritual animator in the Interdiocesan Major Seminary of Philosophy Saint Augustin, Kisangani (1986-1996); Vicar General of the Diocese of Isiro-Niangara (1996-2001); Diocesan Administrator of Isiro-Niangara (2001-2003); Rector of the National Marian Shrine of Blessed Anuarite (2003-2006); Doctorate in Missiology at the Pontifical Urbaniana University, Rome (2006-2013); Chaplain of the Daughters of St. Mary of Providence, Work of Don Guanella, Rome; Professor of Pastoral Theology at the Pontifical Urbaniana University (2012-2016). Since 12 July 2024 he has been Apostolic Administrator of the Diocese of Isiro-Niangara. He was elected Bishop of Isangi on 2 April 2016 and consecrated on 10 July 2016. (EG) (Agenzia Fides 23/09/2024) Share:

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Canada: Minister Joly and Parliamentary Secretary Oliphant to attend UN General Assembly High-Level Week

    Source: Government of Canada News (2)

    The Honourable Mélanie Joly, Minister of Foreign Affairs, today announced that she will join Prime Minister Justin Trudeau as part of Canada’s delegation to the 79th session of the United Nations General Assembly (UNGA) High-Level Week in New York City, New York. Rob Oliphant, Parliamentary Secretary to the Minister of Foreign Affairs, will also travel to New York as part of Canada’s delegation.

    September 23, 2024 – Ottawa, Ontario – Global Affairs Canada

    The Honourable Mélanie Joly, Minister of Foreign Affairs, today announced that she will join Prime Minister Justin Trudeau as part of Canada’s delegation to the 79th session of the United Nations General Assembly (UNGA) High-Level Week in New York City, New York. Rob Oliphant, Parliamentary Secretary to the Minister of Foreign Affairs, will also travel to New York as part of Canada’s delegation.

    During the UNGA High-Level Week, Minister Joly will co-host a high-level panel discussion on the subject of media freedom and present the 2024 Canada-United Kingdom Media Freedom Award with Lord Collins of Highbury, the United Kingdom’s Parliamentary Under-Secretary of State of the Foreign, Commonwealth and Development Office. This event reflects Canada’s enduring commitment to support free and independent journalism.

    Minister Joly will also participate in a leader-level meeting of the UN Ad Hoc Advisory Group on Haiti, co-hosted by Prime Minister Trudeau and Garry Conille, Prime Minister of Haiti, which will focus on the urgent need for Haitian-led solutions in response to the ongoing crisis there. This event will also offer a unique opportunity to mobilize the international community’s support for the Haitian government’s priorities for the transition.

    The Minister will also co-host a high-level event with representatives of Ukraine and Estonia that will underscore the urgent need to restore the rights of children worldwide and enhance child protection, including addressing the unlawful deportation and forced transfer of Ukrainian children to Russia. She will highlight Canada’s ongoing efforts to support the repatriation of Ukrainian children and Canada’s unwavering support for Ukraine’s sovereignty in the face of Russian aggression.

    Minister Joly will deliver Canada’s national statement to the United Nations General Assembly, where she will emphasize Canada’s continued commitment to promoting multilateral cooperation, human rights, democracy and the rule of law.

    While in New York City, Minister Joly will attend a series of events that will focus on advancing gender equality and fostering the equal and meaningful participation of women in decision-making processes, including an event on the margins of the UNGA High-Level Week that will be attended by women leaders from around the world. The Minister will also participate in an event on securing reproductive choice for women and girls.

    Minister Joly will also meet with numerous partners and allies, including G7 foreign ministers and other senior officials from around the world. Their exchanges will focus on pressing global issues, including the situation in Gaza and the broader Middle East region and Russia’s continuing aggression against Ukraine. Minister Joly will also emphasize the continued importance of strengthening the rules-based international order and protecting human rights and gender equality.

    While in New York City, Parliamentary Secretary Oliphant will attend a discussion focused on promoting the rights of women and girls during the Summit of the Future Action Days and will participate in a Commonwealth Ministerial Action Group meeting to discuss key issues related to democracy and human rights in the Commonwealth, including in Bangladesh and Gabon. His discussions during the meeting will help to advance the agenda for the Commonwealth Heads of Government Meeting that will take place in Samoa in October 2024.

    MIL OSI Canada News –

  • MIL-OSI Security: Murder investigation launched in Wood Green

    Source: United Kingdom London Metropolitan Police

    Detectives have launched a murder investigation after they discovered a man’s body in a Haringey flat.

    Police were called at about 21:45hrs on Friday, 20 September, following concerns for the occupant of an address on Moselle Avenue, N22.

    Officers attended and forced entry into the flat, where they discovered the man deceased.

    He has been named as 40-year-old Marvin Dixon. His family have been informed and are being supported by specialist officers.

    Detectives from the Specialist Crime Command are leading the investigation. A special post-mortem examination held on Sunday, 22 September, found cause of death to be blunt force trauma.

    On 22 September, a 36-year-old man was arrested in the Edmonton area on suspicion of murder. He remains in custody at a north London police station.

    Detective Chief Inspector Neil John, Specialist Crime, said: “I would like to hear from anyone who has been to the flat in recent weeks and who may know the occupants – and also from anyone who saw anything suspicious in the area.

    “It’s vital that we establish the movements of anyone who entered the property.”

    Chief Inspector Lee Mckean, one of the senior officers responsible for policing Haringey, said: “We know that there will be genuine concern in the area and I would encourage anyone with information or concerns to speak with police. Additional officers will be in the area to support local people.”

    Anyone with information is asked to please call 101 and quote reference CAD 8320/20Sep. To remain anonymous contact Crimestoppers on 0800 555 111.

    MIL Security OSI –

  • MIL-OSI: Brookfield Global Infrastructure Securities Income Fund Announces Quarterly Distribution

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, NEWS, Sept. 23, 2024 (GLOBE NEWSWIRE) — Brookfield Global Infrastructure Securities Income Fund (the “Fund”) (TSX: BGI.UN) today announced a distribution of C$0.15 per unit for the quarter ending September 30, 2024. The distribution will be paid on or before October 15, 2024 to holders of record on September 30, 2024.

    Eligible holders of the Units (“Unitholders”) may participate in the Fund’s Dividend Reinvestment Plan (“DRIP”), where they may elect to automatically reinvest their dividends in additional Units. Details of the DRIP are available on the Fund’s website at https://www.brookfieldoaktree.com/fund/brookfield-global-infrastructure-securities-income-fund. Unitholders who wish to participate in the DRIP should contact their investment advisor for further information and to enroll.

    Brookfield Global Infrastructure Securities Income Fund is managed by Brookfield Public Securities Group LLC (PSG). PSG is registered as an investment fund manager in Ontario, Quebec, Newfoundland and Labrador and as portfolio manager in each of the provinces and territories of Canada. The Fund uses its website as a channel of distribution of material information about the Fund. Financial and other material information regarding the Fund is routinely posted on and accessible at https://www.brookfieldoaktree.com/fund/brookfield-global-infrastructure-securities-income-fund

    Investing involves risk; principal loss is possible. Past performance is not a guarantee of future results.

    Contact information:

    The MIL Network –

  • MIL-OSI: Oma Savings Bank Plc issues an unsecured senior-term bond of EUR 30 million as part of a bond program

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 23 SEPTEMBER 2024 AT 14.55 P.M. EET, OTHER INFORMATION DISCLOSED TO THE RULES OF THE EXCHANGE

    Oma Savings Bank Plc issues an unsecured senior-term bond of EUR 30 million as part of a bond program

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES, THE TENDER OFFER OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

    Oma Savings Bank Plc (“OmaSp” or the “Company”) issues an unsecured senior-term bond of EUR 30 million. The maturity date of the bond is 30 September 2027, and the loan has a floating interest rate. The ISIN code of the bond is FI4000581434.

    The loan will be issued under OmaSp’s EUR 3,000,000,000 bond program. The Finnish Financial Supervisory Authority (FIN-FSA) has approved the base prospectus of Oma Savings Bank on 27 March 2024 and its supplement on 24 May 2024 (“Supplement 1”) and 14 August 2024 (“Supplement 2”). The Supplement documents and the Final terms are available on the Company’s website at https://www.omasp.fi/en/investors.

    OmaSp will apply for admission of the covered bond to public trading on the Nasdaq Helsinki Ltd stock exchange.

    The Joint Lead Managers of the issue are Danske Bank A/S and Landesbank Baden-Württemberg (LBBW). Borenius Attorneys Ltd acts as legal advisor.

    Oma Savings Bank Plc

    Additional information:
    Sarianna Liiri, CEO, tel. +358 40 835 6712, sarianna.liiri@omasp.fi

    Distribution:
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 45 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network –

  • MIL-OSI: Bybit Türkiye Listed as a Crypto Asset Service Provider by the CMB

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Sept. 23, 2024 (GLOBE NEWSWIRE) — Bybit Türkiye, the partner site of Bybit, has achieved a key milestone by being officially listed as a Crypto Asset Service Provider by the Capital Markets Board (CMB) of Turkey on September 19th, 2024.

    Bybit Türkiye operates under Narkasa Yazılım Ticaret Anonim Şirketi, a locally incorporated entity, ensuring full compliance with CMB regulations. This listing underscores Bybit Türkiye’s dedication to working within Turkey’s regulatory framework while driving innovation and growth in the country’s crypto industry.

    Strengthening its Presence in Türkiye

    Since its partnership with Narkasa in June, Bybit Türkiye has prioritized strategic initiatives aimed at establishing itself as a market leader. The exchange is leveraging its global expertise, advanced technologies, and experienced team to provide Turkish users with a secure and efficient platform tailored to their needs.

    Demonstrating Commitment to the Turkish Market

    Bybit Türkiye has taken several decisive steps to cater to the needs of Turkish crypto users:

    • Early September 2024: Introduced Turkish Lira (TL) trading pairs, allowing users to conveniently buy and sell cryptocurrencies directly with TL.
    • One-Click Buy Feature: Simplified the process of purchasing cryptocurrencies for new users.
    • Ziraat Bank and Vakıfbank Integration: Enabled users to deposit and withdraw TL seamlessly through trusted local banks.

    Bybit Türkiye is dedicated to providing an exceptional user experience, catering to both experienced and new traders. The platform offers advanced trading tools for seasoned users, a user-friendly interface for seamless and convenient trading, and 24/7 localized customer support, ensuring assistance is readily available in Turkish.

    Quote from Kutluhan Akçın, Country Manager of Bybit Türkiye:

    “We are thrilled to be included in the CMB’s list of operating exchanges. This recognition allows us to further solidify our commitment to the Turkish market. By adhering to local regulations, we will provide a secure and localized crypto trading experience for our users. We aim to be a leader and pioneer in the Turkish crypto sector, offering users the unparalleled Bybit experience with the added convenience of Turkish Lira integration and exceptional customer support.”

    About Bybit Türkiye

    In June 2024, Bybit reinforced its commitment to the Turkish crypto market by rebranding Narkasa as Bybit Türkiye. This strategic move underscores our dedication to offering Turkish users a localized and secure crypto trading experience. Operated by Narkasa Yazılım Ticaret Anonim Şirketi, Bybit Türkiye stands as an independent brand, tailored to meet the specific needs of the Turkish market while ensuring the highest standards of service and security.

    Twitter: https://x.com/BybitTurkiye

    Instagram: https://www.instagram.com/bybitturkiye/?hl=en

    Linkedin: https://www.linkedin.com/company/bybit-turkiye/?trk=ppro_cprof&originalSubdomain=tr

    Contact

    Head of PR

    Tony Au

    Bybit

    tony.au@bybit.com

    The MIL Network –

  • MIL-OSI: Crypto Proprietary Trading Firm HyroTrader Experiences Rapid Growth

    Source: GlobeNewswire (MIL-OSI)

    Prague, Czech Republic, Sept. 23, 2024 (GLOBE NEWSWIRE) — Since the launch of its Minimum Viable Product (MVP), HyroTrader has consistently achieved a 51% month-on-month revenue increase. This accelerated growth underscores the firm’s innovative approach and commitment to supporting experienced crypto traders with the resources they need to thrive. Additionally, HyroTrader is actively developing its own technology trading aggregator with connections to multiple exchanges, allowing traders to link multiple exchange accounts, monitor trading statistics, and access advanced trading tools to enhance their strategies.

    Crypto Prop Firm Focused on Experienced Crypto Traders

    HyroTrader’s primary focus is on empowering experienced crypto traders, offering them the opportunity to trade directly on major platforms such as ByBit. Unlike many competitors who rely on white-label platforms with limited liquidity and manipulated trading conditions, HyroTrader uses third-party exchanges, ensuring transparency and fair trading conditions. Traders can even connect their personal accounts, reinforcing the firm’s commitment to openness and trustworthiness.

    In line with its expansion goals, HyroTrader is preparing to extend its services to Asia and the Middle East. This international growth strategy positions the company to tap into new markets while catering to the diverse needs of global traders.

    Looking forward, HyroTrader aims to support the top 10 crypto trading platforms, a development that will provide a significant competitive edge. This move will enhance liquidity and broaden trading options, distinguishing HyroTrader from competitors.

    Self-Funded and Community-Driven

    HyroTrader’s growth has been entirely self-funded, with no external investors or debt. Despite offers to sell a significant portion of the company, HyroTrader has chosen to remain independent, ensuring the firm is governed by its community of traders rather than outside interests. This trader-focused approach allows HyroTrader to operate with flexibility and autonomy, making decisions in the best interest of its users.

    To further strengthen its community, HyroTrader has launched a range of educational courses designed to help traders develop their skills. The firm is also hosting crypto trading competitions where traders can compete and win prizes, fostering an interactive and competitive learning environment. Moreover, HyroTrader offers an educational mentor program where traders can book consultations with experienced mentors, providing personalized guidance for those looking to refine their strategies.

    Shariah-Compliant Trading for Muslim Traders 

    In a bid to cater to a broader global audience, HyroTrader has introduced a unique trading product for Muslim traders, allowing them to trade on the spot market without leverage. This offering is designed specifically for those who adhere to Shariah law, which prohibits interest (riba), excessive uncertainty (gharar), and gambling (maysir). By removing leverage from trades, HyroTrader ensures compliance with these religious principles, making crypto trading accessible to a previously underserved market segment.

    HyroTrader’s compliance extends to ensuring traders use their own verified accounts from exchanges, adding an extra layer of trust and security for users. The platform operates under full business authorization, allowing it to conduct crypto-related activities legally and transparently.

    What Is HyroTrader?

    HyroTrader operates as an evaluation-based crypto proprietary trading firm. Traders undergo a two-step evaluation process: the first stage requires a 10% gain, followed by a 5% gain in the second stage. Successful traders are granted funded accounts with up to $200,000 in simulated capital.

    Once a trader passes the evaluation, they receive 70-90% of the profits generated from their funded account. HyroTrader’s business model is built on charging an evaluation fee for those seeking to enter the program. The firm also copies successful traders’ strategies via API directly onto crypto exchanges, creating a symbiotic relationship where traders and the company benefit from successful trading.

    A Strong, Experienced Team

    HyroTrader is backed by a highly skilled team of entrepreneurs, crypto traders, and developers, all with extensive experience in building scalable products. Originally launched as a different platform in 2022, the team pivoted to the current HyroTrader model after recognizing the potential for greater market impact in the crypto space. This strategic shift has been key to the firm’s rapid success.

    Inspired by the Success of Forex Prop Trading Firms

    Prop trading firms have gained immense popularity, especially in the forex space, with firms like FTMO achieving significant financial milestones. In 2023, FTMO reported $213 million in revenue, with $100 million in profit. Inspired by this success, HyroTrader has developed a similar platform for crypto traders, offering unique opportunities for those operating in the burgeoning digital asset markets.

    While forex prop trading firms like FTMO are focused on FX, equities, and commodities through CFD (Contract for Difference) brokers, HyroTrader’s model is specifically designed for crypto traders. Rather than trading CFDs, HyroTrader’s users trade futures and spot markets directly on crypto exchanges, providing a more direct and transparent experience.

    About HyroTrader: Positioned for Long-Term Success

    With an estimated 35-50 million active crypto traders globally and only a few competitors, HyroTrader is strategically positioned to become a major player in the crypto prop trading space. The firm’s transparent approach, focus on third-party exchanges, and innovative product offerings—such as Shariah-compliant trading—make it an appealing option for a diverse and growing global trading community.

    As part of its growth strategy, HyroTrader is not only expanding into new regions but is also continuously refining its product offerings to better serve its users. The platform’s comprehensive features, including trading aggregators and statistical tools, position it as a valuable resource for traders aiming for long-term success. As the crypto trading market continues to grow, HyroTrader’s unique value proposition and strong market positioning put it on a path toward long-term success.

    For more information, visit HyroTrader’s website.

    The MIL Network –

  • MIL-OSI China: China sees rising urbanization rate over past 75 years

    Source: China State Council Information Office 2

    China’s urbanization rate, which measures the ratio of permanent urban residents relative to the total population, rose by 55.52 percentage points from the end of 1949 to 66.16 percent by the end of 2023, data from the National Bureau of Statistics (NBS) showed Monday.
    Over the past 75 years since the founding of the People’s Republic of China, the country has undergone the largest and fastest urbanization process in world history, the NBS said in a report.
    There were just 129 cities in China at the end of 1949, with a combined population of 39.49 million. The number of cities reached 694 at the end of 2023, while prefecture-level and larger cities were home to 673.13 million people. Among them, there were 29 cities each with a population exceeding 5 million and 11 cities each with a population of over 10 million.
    Remarkably, China’s less-developed western region is rising, representing a more balanced urbanization process. Among the 11 prefecture-level cities that have been added since 2011, nine of them are located in the western region.
    As urbanization advances, China has lifted almost all limits on household registration in cities each with less than 3 million permanent residents, making it more convenient for those from rural areas to permanently settle down in cities.

    MIL OSI China News –

  • MIL-OSI China: Xi calls for accelerating progress in China’s space endeavors

    Source: China State Council Information Office 2

    Chinese President Xi Jinping on Monday encouraged personnel in China’s space industry to continue to work hard and accelerate progress in space endeavors.
    Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, met with the representatives of space scientists and engineers who participated in the research and development in the Chang’e-6 lunar mission at the Great Hall of the People in Beijing. 

    MIL OSI China News –

  • MIL-OSI United Kingdom: St Albans Feastival: thousands turn up for City Centre street party despite downpours

    Source: St Albans City and District

    Publication date:

    Thousands of people braved challenging weather to enjoy a six-hour-long street party that celebrated the District’s food and drink businesses.

    They refused to let occasional showers spoil the fun at the St Albans Feastival, a family-friendly event organised by St Albans City and District Council with the support of partners.

    St Peter’s Street was closed to traffic for the event on Sunday 22 September which was kicked off by the Mayor, Councillor Jamie Day, with the help of Deputy Mayor, Cllr Jenni Murray, and the Rev Mark Dearnley of St Peter’s Church

    Among the many attractions were around 100 market stalls offering an astonishing variety of food and drink products from local businesses.

    There was also a live cookery theatre, sponsored by SA Law, featuring displays of culinary skills by local chefs.

    Live music was provided on a stage, sponsored by St Albans City Centre BID. There were many free interactive activities including edible flower growing, traditional wooden games, crazy golf and a football shoot-out.

    To make the event accessible, British Sign Language interpreters were at the cookery stage and other locations to help communicate activities. There were accessible viewing zones, reserved seating for those less able to stand and accessible toilets. 

    Chris Traill, the Council’s Strategic Director for Community and Place Delivery, said:

    Congratulations to all those who were not put off by the weather and turned up in their thousands. I’m sure they will agree that it was worth it.

    The rain, which unfortunately was torrential at one point, didn’t dampen their spirits and the crowds created the Feastival’s usual thrilling atmosphere.

    Our events team anticipated the conditions and had arranged for many of the activities to be sheltered by gazebos.

    As a Council, we are committed to making events accessible to all and measures were taken to ensure that was very much the case.

    The District’s hospitality businesses are vital to the local economy and it was heartening to see so many people out there sampling many of their products.

    Vivien Cannon, BID Manager, said:

    Rain didn’t stop play. Well done to all the stall holders and event delivery team ensuring visitors were welcomed to yet another successful Feastival event.

    Marilyn Bell, Partner and Head of Family at SA Law, said:

    The St Albans Food and Drink Festival is a highlight for the SA Law team every year.

    Despite the unfortunate downpour yesterday, the event was well organised, well-attended, and a delight to be a part of. It was great to see a wide range of food being offered, activities for all ages, as well as a great turnout at the Cookery Theatre where local chefs gave live demonstrations of their excellent recipes. 

    We are proud to support the Council and the wonderful community events they put on.

    The event is part funded by the Government’s UK Prosperity Fund which awarded the District’s community events team £210,000 over three years.

    Photos: scenes from the 2024 St Albans Feastival by Stephanie Belton including, first below, Cllr Jamie Day, Mayor of St Albans City and District, centre, with Cllr Jenni Murray, Deputy Mayor, and the Rev Mark Dearnley.

    Media contact: John McJannet, Principal Communications Officer: 01727 819533, john.mcjannet@stalbans.gov.uk.

    Note to Editors: 

    The UK Shared Prosperity Fund provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK, investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

    .

    MIL OSI United Kingdom –

  • MIL-OSI: Provident Bank Welcomes Vivin Varghese As Senior Vice President, Chief Information Security Officer

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., Sept. 23, 2024 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, is pleased to announce that Vivin Varghese has joined the organization as Senior Vice President, Chief Information Security Officer (CISO).

    Mr. Varghese will play a critical role in providing vision, leadership, oversight, and management of the overall information and cybersecurity policies, procedures, and practices of the organization and its subsidiaries. He will also advise the bank’s Executive Leadership Team and staff on the appropriate administration of information security standards, assisting in developing plans within business units to manage risks effectively by understanding the fundamental aspects of business objectives.

    “I am delighted to welcome Vivin to our team,” said Ravi Vakacherla, Executive Vice President, Chief Digital and Innovation Officer. “He possesses an impressive breadth and depth of experience in Security Engineering, Security Operations, Identity Governance and Assurance (IGA), and Governance Risk and Compliance (GRC) functions,” added Mr. Vakacherla.

    Mr. Varghese has 16 years of experience in the information security space. Most recently, he served as CISO of Customers Bank, with responsibility for digital and physical security, including business continuity, incident response, threat intelligence, and third-party risk. Prior to that, he was the Information Technology Manager at the University of Pennsylvania. 

    Mr. Varghese earned a Bachelor of Science in Business Administration/Management Information Systems from Drexel University. He has been recognized as a 2023 ONCON Top 100 Information Security Professionals and received the InfoSec Skills Development Award.

    About Provident Bank
    Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.07 billion as of June 30, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

    Media Contact:
    Keith Buscio
    Keith.Buscio@provident.bank

    Vested
    Providentbank@fullyvested.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5450030-7ea8-40ae-a363-ef0136d19a84

    The MIL Network –

  • MIL-OSI United Kingdom: Chancellor unveils package to deliver on promises of new government

    Source: United Kingdom – Government Statements

    The Chancellor has today unveiled a package of measures to deliver on the agenda of the new government.

    • 750 schools with primary aged pupils funded for breakfast club pilot to run from April 2025
    • New Industrial Strategy to be published in spring
    • Decision to write off over £640 million in written off Covid PPE contracts reversed
    • HMRC to consult on e-invoicing for businesses and government departments

    The Chancellor has today unveiled a package of measures to deliver on the agenda of the new government including a breakfast club pilot for 750 schools with primary aged pupils, new powers for the Covid Corruption Commissioner, e-invoicing to support business and the next steps on the government’s industrial strategy.

    School Breakfast Club Pilot

    The Chancellor announced that up to 750 schools with primary aged pupils will be invited to take part in a £7 million breakfast club pilot. The funding will allow these schools to run free breakfast clubs for their pupils in the summer term (April-July 2025).

    The Department for Education will work with the schools selected as part of the pilot to understand how breakfast clubs can be delivered to meet the needs of schools, parents and pupils when the programme is rolled out nationally.

    This will help reduce the number of students at schools with primary aged pupils starting the school day hungry and ensure children come to school ready to learn. It will also support the government’s aim to tackle child poverty by addressing rising food insecurity among children.

    Covid Corruption Commissioner

    Reeves also announced a block on any Covid-era PPE contract being abandoned or waived until it has been assessed by the new Covid Corruption Commissioner, whom will be appointed in October. 

    The decision will affect £647 million of Covid PPE contracts where contract recovery was previously earmarked to be waived. 

    It follows action already in motion to cut government waste and curb unnecessary spending. In her statement to Parliament in July, the Chancellor pledged to halve government consultancy spend from 2025-26, with savings targets of £550 million this financial year and a further £680 million in the next already announced.

    Excessive use of ministerial travel by aeroplane and helicopter is also being cutdown, with a contract for a VIP helicopter previously cancelled.

    Industrial Strategy

    The Chancellor also today announced that the Industrial Strategy will be at the heart of the government’s mission to grow the economy, unlock investment and make every part of the country better off. It will focus on delivering long-term change to the economy by making Britain a clean energy superpower and accelerating to net zero, breaking down barriers to regional growth, and building a secure and resilient economy.

    A green paper will be published around Budget in October outlining the long-term sectoral growth and priority industries of the government, ahead of the final strategy published in the spring of 2025 following a consultation with business.

    HMRC package

    Chancellor Reeves also outlined a package of reforms to improve the UK’s tax system to help fix the foundations of the UK economy.

    As part of the package, HMRC will soon launch a consultation on electronic invoicing (e-invoicing) to promote its wider use across UK businesses and government departments.

    The introduction of e-invoicing can significantly reduce administrative tasks, improve cash flow, boost productivity, introduce automation, and reduce errors in tax returns – all helping to close the tax gap. The consultation will gather input from businesses on how HMRC can support investment in and encourage e-invoicing uptake.

    The Chancellor also announced that Exchequer Secretary to the Treasury James Murray, the minister responsible for the UK’s tax system, has become the Chair of the HMRC Board. This is to help oversee the implementation of his three strategic priorities for HMRC; closing the tax gap, modernising and reforming, and improving customer service.

    It was also announced that a new Digital Transformation Roadmap, aimed to be published in Spring 2025, will set out HMRC’s vision to be a digital first organisation underpinned by customer insight. The Roadmap will include measures to ensure digital inclusion and support for customers who cannot yet interact digitally.

    There was a further update that new staff are expected to join HMRC’s training programme in November as 200 additional offer letters have been issued as part of the 450 letters already sent. This is part of HMRC’s plans to recruit an additional 5,000 compliance staff to help close the tax gap.

    Updates to this page

    Published 23 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: SJ starts ASEAN visit in Brunei

    Source: Hong Kong Information Services

    Secretary for Justice Paul Lam started his visit programme to three countries of the Association of Southeast Asian Nations (ASEAN) today by visiting government officials and engaging with the legal and dispute resolution sectors.

    Mr Lam arrived in Bandar Seri Begawan, Brunei, yesterday.

    He had lunch with Supreme Court Chief Justice of Brunei Darussalam Dato Seri Paduka Steven Chong Wan Oon, to exchange views on further co-operation opportunities for facilitating development of the dispute avoidance and resolution services in Brunei and Hong Kong, pursuant to the memorandum of co-operation signed by the Department of Justice and Brunei Darussalam’s Supreme Court last year.

    In the afternoon, Mr Lam attended a meeting with Brunei Darussalam’s Attorney General Datin Paduka Dayang Hajah Nor Hashimah binti Haji Mohammed Taib.

    He then met President of the Law Society of Brunei Darussalam Nur ‘Azizah Ahmad, to explore opportunities to foster legal collaboration and other exchange activities for the legal professions of the two places.

    This was followed by a meeting with Brunei Darussalam’s Arbitration Centre Chairperson Radin Safiee bin Radin Mas Basiuni, to gain a better understanding of the dispute resolution services provided there and discuss potential co-operation between the two sides.

    Mr Lam also visited the Royal Regalia Museum to learn more about the history and development of Brunei, and viewed its newest museum Balai Khazanah Islam Sultan Haji Hassanal Bolkiah for an insight into the rich Islamic heritage and culture. Mr Lam will also visit the Sultan Omar Ali Saifuddien mosque.

    The justice chief will depart for Ho Chi Minh City, Vietnam, tomorrow morning to continue his visit to the ASEAN countries.

    MIL OSI Asia Pacific News –

  • MIL-OSI Africa: Chikunga hopeful of Women’s Forum recognition 

    Source: South Africa News Agency

    Minister in the Presidency for Women, Youth and Persons with Disabilities, Sindisiwe Chikunga, says she is confident that the BRICS Women’s Forum will be recognised at this year’s Kazan Summit Declaration, scheduled to take place next month.

    Chikunga made the remark as Russia prepares to host the BRICS Summit to be held in Kazan, from 22 to 24 October, after the country assumes the BRICS chairmanship in 2024.

    This as the Minister led the discussions at the BRICS Women Affairs meeting held in Saint Petersburg, Russia.

    READ | Chikunga arrives in Russia for BRICS Women Affairs Meeting

    The meeting saw BRICS Member States discussing cooperation prospects in the fields of women’s leadership and enhancing the role of women in finance, agriculture, innovation, healthcare, creative industries, tourism, environmental safety, and the inclusive economy.

    Speaking at the BRICS Women’s Forum, which included the BRICS Ministerial Women’s Affairs Meeting on Friday, Chikunga congratulated the Russian Federation on assuming the Chairship of BRICS 2024, and the sterling work that it has undertaken to date.

    “As you are aware, this forum of Ministers was first initiated in 2023 during South Africa’s Chairship of BRICS. It is indeed encouraging to witness its growth under the stewardship of the Russian Federation’s 2024 Chairship, and it will undoubtedly flourish under the future Chairship of fellow BRICS member states.

    “We applaud Russia’s choice of the theme ‘Women, Governance, and Leadership’ as a timely intervention that ensures this forum continues to amplify the voices, interests, and full representation of women across BRICS member states, promoting their meaningful participation at all levels of governance and decision-making.”

    Chikunga also reflected on some of the key points that emerged during hybrid BRICS Ministers for Women Affairs held in December 2023, where the forum was recognised as a fundamental platform to elevate equality, women’s rights, economic autonomy, and empowerment; and to address major concerns related to women across the BRICS countries.

    The forum also promotes mainstreaming of women’s issues across BRICS’ processes, priority areas, declarations and agreements; and provides a platform for the exchange of knowledge and best practices in advancing the current and future wellbeing of women and girls across BRICS.

    “Our meeting recognised the tremendous progress that successive BRICS summits have produced in the areas of global governance, development, peace and security, energy, climate change, and social issues. We noted, however, that discussions in these areas would be further enriched by a ministerial meeting dedicated to women affairs.

    “There was consensus on the potential of this forum to accelerate the implementation of existing commitments, principles, goals, and actions outlined in various international instruments on women. These include the Beijing Platform for Action (1995), the Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW – 1979), UN Resolution 1325 (2000) on Women, Peace, and Security, as well as the UN [United Nations] Agenda 2030 and its 17 Sustainable Development Goals (SDGs),” Chikunga explained.

    The meeting further agreed to support the acceleration of the implementation of the African Union Agenda 2063, with a particular focus on Aspiration 6, which promotes women’s empowerment.

    Asserting women’s interests

    The Ministers also highlighted the need to assert women’s interests across the broader BRICS agenda, strengthen multilateralism, and synergise with the work of the BRICS Business Women’s Alliance to accelerate the mainstreaming of socio-economic priorities for greater inclusivity and equity.

    “We acknowledge that this goal will be further enriched when we leverage our collective strength as the Global South, alongside robust people-to-people exchanges and cooperation within BRICS nations and across the African continent.

    “A key highlight of the Johannesburg II Declaration was the recognition of the vital role of women and youth in trade and their potential to act as catalysts for industrialisation, infrastructure development, food security, agricultural modernization, sustainable growth, healthcare, and addressing climate change,” she said.

    The Johannesburg II Declaration is a document that encapsulates significant BRICS viewpoints on matters of global economic, financial and political significance.

    READ | BRICS adopts Johannesburg II Declaration

    – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI China: Xi congratulates Dissanayake on assuming presidency of Sri Lanka

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

    BEIJING, Sept. 23 — Chinese President Xi Jinping on Monday sent a message to Anura Kumara Dissanayake to congratulate him on his inauguration as president of the Democratic Socialist Republic of Sri Lanka.

    Xi hailed China and Sri Lanka as traditional friendly neighbors, saying that since the establishment of diplomatic ties 67 years ago, China and Sri Lanka have always understood and supported each other, setting a good example of friendly coexistence and mutually beneficial cooperation between countries of different sizes.

    Xi said that he prizes the development of China-Sri Lanka relations, and stands ready to work with President Dissanayake to carry forward the traditional friendship, and enhance political mutual trust.

    He also pledged to work with the Sri Lankan leader to facilitate more fruitful high-quality Belt and Road cooperation, and make steady and long-term progress of China-Sri Lanka strategic cooperative partnership featuring sincere mutual assistance and ever-lasting friendship so as to better benefit the people of the two countries.

    MIL OSI China News –

  • MIL-OSI USA: Decline in natural gas price drove decrease in U.S. oil producer revenue in early 2024

    Source: US Energy Information Administration

    In-brief analysis

    September 23, 2024

    Data source: Evaluate Energy

    Financial results for 36 publicly traded U.S. oil exploration and production (E&P) companies show that cash from operations in the first quarter of 2024 has decreased in real terms from the first quarter of 2023 due to lower natural gas prices.

    Production expenses, which can also affect cash from operations, have stabilized after supply chain issues that caused increased costs appear to be largely resolved. Capital expenditures, which represent investment in oil and natural gas production, were flat over the same period.

    In the first quarter of 2024, lower crude oil and natural gas prices helped reduce cash from operations by 12% compared with the first quarter of 2023, to $23.3 billion. Although West Texas Intermediate crude oil prices declined 2% over this period, U.S. crude oil production by these companies increased 5% to nearly 4.2 million barrels per day (b/d).

    Relatively large production cuts by OPEC+ have supported crude oil prices and spurred production among non-OPEC+ sources, including U.S. producers. Increased production would normally result in more cash from operations, but substantially lower natural gas prices likely hampered revenue for these companies.

    Natural gas prices fell 26% from the first quarter of 2023 to the first quarter of 2024 and reached their lowest average monthly inflation-adjusted price since at least 1997. Although the companies in this analysis focus on crude oil production, natural gas still typically makes up around 30% of what they produce because of associated natural gas present in crude oil deposits and more diversified operations by some of the E&P companies in the group.

    Data source: Bloomberg L.P.
    Note: WTI=West Texas Intermediate, 1Q19=first quarter of 2019, 1Q24=first quarter of 2024

    Production expenses—such as the cost of goods sold, operating expenses, and production taxes—increased substantially per barrel of oil equivalent (BOE) in 2021 and 2022 as supply chain issues caused material and labor costs to more than double from the 2019 average. Production expenses have since declined, decreasing 40% between the second quarter of 2023 and the recent high in the second quarter of 2022.

    Production expenses have been relatively flat since the second quarter of 2023, averaging $26/BOE. In addition to supply chain improvements, improved drilling productivity and increasing takeaway capacity in the Permian region have also reduced production expenses on a BOE basis.

    Data source: Evaluate Energy
    Note: 1Q19=first quarter of 2019, 1Q24=first quarter of 2024

    We base our analysis on the published financial reports of 36 publicly traded oil companies that produce most of their crude oil in the United States. As a result, our observations do not represent the entire sector because we exclude private companies, which do not publish financial reports. The included 36 publicly traded companies accounted for 32% of the crude oil produced in the United States in the first quarter of 2024, or about 4.2 million barrels per day.

    Principal contributor: Alexander de Keyserling

    MIL OSI USA News –

  • MIL-OSI China: China makes notable progress via equipment, consumer goods renewal program: official

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

    China makes notable progress via equipment, consumer goods renewal program: official

    BEIJING, Sept. 23 — China has made noteworthy progress in promoting large-scale equipment upgrades and consumer goods trade-ins this year, an official said on Monday.

    China unveiled an action plan to implement the renewal program in March 2024 in an effort to expand domestic demand and shore up the economy, and stepped up policy support in July with an extra funds injection of 300 billion yuan (about 42.53 billion U.S. dollars) via ultra-long special treasury bonds.

    Zhao Chenxin, deputy head of the National Development and Reform Commission, cited a string of positive results achieved by the program, highlighting increased equipment manufacturing investment and robust sales of automobiles and home appliances, when addressing a press conference on Monday.

    In the first eight months of 2024, China’s investment in equipment and tool purchases had increased by 16.8 percent year on year — well above the 3.4 percent increase in total fixed-asset investment.

    Retail sales of passenger vehicles in August rose by 10.8 percent compared with the previous month, while new energy vehicle (NEVs) sales increased by 17 percent month on month in August. The market share of NEVs remained above 50 percent for a second consecutive month. Sales of home appliances and audio and video products returned to growth last month, up 3.4 percent year on year.

    Thanks to the renewal program, many enterprises are optimistic about the prospects of sectors related to equipment and consumer goods, leading to brisk investment, Zhao said.

    The program, riding on the great potential of green and digital transition, will provide more impetus to economic sustainability and transformation efforts, Zhao added.

    China’s drive to promote equipment upgrades covers a wide range of areas including industrial equipment, environmental infrastructure, operating vessels, new energy buses and agricultural machinery, while consumer goods trade-ins involve products ranging from automobiles to home appliances and electric bicycles.

    MIL OSI China News –