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  • MIL-OSI: Color Star Technology Announces Pricing of Initial $7.0 Million Tranche of up to $33.0 Million Registered Senior Secured Convertible Notes

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) — Color Star Technology Co., Ltd. (Nasdaq: ADD) (“Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, today announced it has entered into securities purchase agreements with certain institutional investors (the “Investors”) to purchase senior secured convertible notes in the aggregate principal amount of $7.6 million (the “First Closing”), having an original issue discount of 8% and a maturity of twelve months from issuance, resulting in net proceeds to the Company of approximately $7,000,000 (the “Convertible Notes”). The Convertible Notes will bear an interest rate of 6.0% per annum and will be convertible 45 days after the date of the First Closing, subject to certain conditions, into Class A Ordinary Shares of the Company (the “Ordinary Shares”) at an initial conversion price equal to the lower of $1.60, or the Alternative Conversion Price, as set forth in the Convertible Notes. This First Closing is expected to occur on or about September 30, 2024, subject to the satisfaction of customary closing conditions.

    Under the terms of the securities purchase agreements, the Convertible Notes will be issued to the Investors, together with registered warrants to purchase up to an aggregate of approximately 2.9 million Ordinary Shares. The warrants to be issued at the First Closing will be exercisable 45 days after issuance, subject to certain conditions (the “Initial Exercise Date”), will expire on the five-year anniversary of the Initial Exercise Date, and will have an exercise price of $1.60 per share and contain certain anti-dilution provisions.
      
    Maxim Group LLC is acting as the sole placement agent in connection with the offering.

    Subject to the satisfaction of certain conditions, the Company and the Investors may mutually agree to the purchase and sale of additional Convertible Notes and accompanying warrants for up to an additional aggregate amount of  $26.0 million. Any additional Convertible Notes and warrants sold will have substantially similar terms to those issued in the First Closing.

    The securities described above are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-281668), which was declared effective by the United States Securities and Exchange Commission (“SEC”) on August 28, 2024. A prospectus supplement relating to the securities will be filed by the Company with the SEC. Copies of the prospectus supplement relating to the offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

    About Color Star Technology Co., Ltd.

    Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com. 

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; the ability of Color Star to meet NASDAQ listing standards in connection with the consummation of the transaction contemplated therein; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

    Contact

    Color Star Investor Relations
    Office Number No. 1003, 9th Floor,
    7 World Trade Center, Suite 4621
    New York NY 10007
    Office: (212) 410-5186
    Email ir@colorstarinternational.com

    The MIL Network

  • MIL-OSI: 2X Named to the Philadelphia Business Journal’s Fast 50 List

    Source: GlobeNewswire (MIL-OSI)

    MALVERN, Pa., Sept. 27, 2024 (GLOBE NEWSWIRE) — 2X, the global leader in B2B marketing as a service (MaaS), is proud to announce its recognition on the Philadelphia Business Journal’s 2024 prestigious Philly’s Fast 50 list, ranked number 15. Each year, the Philadelphia Business Journal recognizes Greater Philadelphia’s fastest-growing companies based on average two-year revenue growth.

    2X boasts a strong executive leadership team based in Philadelphia and has cultivated strong client advocates among organizations in the Philadelphia area, including SAP, Qlik, Ricoh, and the private equity firm LLR Partners. 2X strives to foster a culture that helps both employees and customers achieve their growth objectives by offering extensive training programs that create some of the highest-paying go-to-market-focused jobs in the region. Additionally, it has one of the largest groups of certified B2B marketers globally, with employees holding over 300 B2B marketing-related certifications.

    The company’s business model addresses the primary need of B2B marketing leaders: doing better with less. Given the current market dynamics that demand both efficiency and impact, 2X has experienced an impressive 88% compound annual growth rate (CAGR) over six years. As CMOs, CFOs, CEOs, and boards seek greater impact, flexibility, and cost efficiency from their marketing investments, 2X has seen significant growth in marketing technology (MarTech) management functions and overall marketing organization transformation.

    “I’m incredibly proud of 2X being named to the Philadelphia Business Journal’s Fast 50 list. As someone with deep roots in Philadelphia, it’s an honor to represent our city on the global stage, helping to drive the B2B marketing industry forward. Our team’s relentless focus on innovation and excellence, alongside our commitment to both clients and employees, has positioned 2X as a leader in transforming how businesses approach marketing,” said Domenic Colasante, CEO of 2X. “We’re making Philadelphia proud by building one of the largest and most skilled groups of B2B marketers worldwide and delivering real impact for our clients across the globe.”

    This year, the program formerly known as Soaring 76 has been rebranded as Philly’s Fast 50, with a renewed focus on recognizing private companies. Philly’s Fast 50 list honors businesses with significant growth and sustained success. 2X’s inclusion in this year’s rankings underscores its exceptional performance in the local market and its continued global influence in the marketing industry.

    To view the complete list of this year’s Philly’s Fast 50, visit https://www.bizjournals.com/philadelphia/event/170174/2024/2024-phillys-fast-50.

    About 2X
    2X is the global leader in B2B marketing as a service (MaaS), helping marketing leaders achieve greater impact while lowering costs through its unique managed services delivery model. 2X provides best-in-class MOps and MarTech management, campaign build and optimization, content and creative production, and strategy consulting services. 2X is a services partner of 6sense, Salesforce, Adobe Marketo Engage, HubSpot, Bombora, Drift, WordPress, Google, Meta, and many other leading revenue platforms.

    With more than 1,000 team members globally, 2X is backed by private-equity firm Recognize Partners. 2X has been recognized as one of the fastest-growing companies in the US by Inc. and the Financial Times. For more information, visit 2X.marketing or our LinkedIn.

    Media Contact
    Audree Hernandez
    Jmac PR for 2X
    2X@jmacpr.com

    The MIL Network

  • MIL-OSI: Nadero Wealth Management Opens New Tax Consultancy in Jersey

    Source: GlobeNewswire (MIL-OSI)

    CHONGQING, China, Sept. 27, 2024 (GLOBE NEWSWIRE) — Nadero Wealth Management, a leading financial services company based in Chongqing, is proud to announce the opening of its new tax consultancy office in Jersey in a move designed to enhance its international presence and provide comprehensive tax services to clients in the region. This strategic expansion accentuates the company’s commitment to delivering exceptional financial solutions that meet the diverse needs of businesses operating within and beyond the Channel Islands.

    New Office Location and Services Offered

    The new St Helier office offers a wide range of tax-related services, including corporate tax planning, compliance advisory, personal taxation, and cross-border taxation strategies. The highly qualified team has extensive experience in both local and international tax regulations, ensuring that clients receive expert guidance tailored to their specific circumstances.

    Strategic Importance of Jersey

    Jersey is renowned for its robust financial services sector and favorable business environment. As a leading offshore jurisdiction, it provides numerous advantages for companies looking to optimize their tax strategies while ensuring compliance with global standards. By establishing a presence in Jersey, Nadero aims to support local businesses as well as international clients seeking to navigate the complexities of taxation in this unique market.

    Commitment to Client Success

    “We are excited about this new chapter for our company,” said Dennis Zheng, CEO of Nadero. “Our goal is to empower our clients with the knowledge and tools they need to succeed in an increasingly complex global landscape. With our new office in Jersey, we are better positioned than ever to provide personalized service and innovative solutions that drive growth.”

    About Nadero

    Founded in 2010, Nadero Wealth Management has established itself as a trusted global provider of financial services. With a focus on integrity, innovation, and client satisfaction, the company has built a reputation for excellence across various sectors. The opening of the Jersey office marks an important step in its mission to expand while maintaining high standards of service.

    For more information, please contact:
    Sandra Clifford, Chief Operations Officer
    s.clifford@nadero.com
    https://www.nadero.com

    To contact one of Nadero Wealth Management’s Offshore Tax Consultancy Offices, please email tax@nadero.com or visit www.nadero.com/contact-us.

    Disclaimer: This content is provided by the sponsor. The statements, views, and opinions expressed in this column are solely those of the content provider. The information shared in this press release is not a solicitation for investment, nor is it intended as investment, financial, or trading advice. It is strongly recommended that you conduct thorough research and consult with a professional financial advisor before making any investment or trading decisions. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cad54dbb-09ae-4a4a-89b9-25133a6b38bd

    The MIL Network

  • MIL-OSI Africa: Northern Cape’s Astro Tourism a first

    Source: South Africa News Agency

    The Northern Cape has something new to offer tourists and it is a first for the African continent, says Minister of Tourism, Patricia de Lille.

    “Beyond all the history, culture and beauty the Northern Cape has to offer, we are here today to launch something new the Northern Cape has to offer — Astronomy or Astro Tourism. We at the Department of Tourism, along with the Department of Science and Innovation, are launching the National Astro-Tourism Strategy, the first country on the African continent to do so,” said the Minister.

    She was speaking at the launch of the National Astro-Tourism Strategy on National World Tourism Day on Friday in Carnarvon, in the Northern Cape.

    “The Astro Tourism Strategy also aims to enhance the synergy between humans and conservation and a creative link between our origins of life on earth and the origins of the universe,” said the Minister.

    The Astro Tourism Strategy, she said, is expected to position South Africa as a world-class astro-tourism destination, focusing on infrastructure development, the optimal functioning of astronomy-tourism streams and community transformation.

    The Gazetting Notice was published today. 

    “We invite the public, including the tourism and astronomy stakeholders to participate and contribute towards to strengthening this very important work by submitting their comments. 

    “Collaboration and partnership are critically important to take this work forward and we are thankful for national, provincial and local government working together as well as the private sector to ensure sustainable growth and local community development,” said the Minister.

    She said the Square Kilometre Array telescope, the largest radio telescope in the world, was a remarkable leap towards the future, and all on African soil. 

    She said it was exciting that the province was leading South Africa’s proactive stance in leveraging the significant advances made in the development of the world’s largest space telescope array, with a comprehensive astro-tourism strategy. 

    “Today, we are here to cast the spotlight on these experiences and more and to invite South Africans, and indeed visitors from the rest of the world, to come explore this province and to engage with living cultures and traditions that continue to thrive here in the Northern Cape. 

    “We want to use the SKA and the Astro Tourism as a catalyst to develop the Karoo and provide opportunities for rural tourism as well as agri-tourism to develop rural areas further. The Northern Cape is the prime location to launch this strategy as 50% of the world’s population cannot see the beauty of the night sky but the African sky still remains at an advantage, by having the clearest and darkest night sky.” 

    The vision of the Astro Tourism strategy aims to develop and position an inclusive Astro-Tourism sector that will yield sustainable benefit-sharing opportunities by maximising on marketing efforts and enhancing visitor experience in South Africa. 

    The National Astro-Tourism strategic pillars were developed through a multi-discipline consultancy process involving both the tourism and astronomy stakeholders in South Africa. 

    The Implementation Plan’s goal is to grow astro-tourism in South Africa will be implemented, monitored and evaluated according to the three strategic pillars: 

    · Pillar One: Indigenous Celestial Narratives and Human Capacity Development 

    · Pillar Two: Infrastructure Development 

    · Pillar Three: Inclusive Tourism Growth and Partnerships

    “There is so much untapped potential in our tourism market and we must work together on all levels of government, with the private to promote our hidden gems and give more business to SMEs and community tourism,” added the Minister. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Economics: Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) – Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak (Karnataka)

    Source: Reserve Bank of India

    It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No. S4800/12-23-151/2024-2025 dated September 26, 2024, has issued certain Directions to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak, (the bank) whereby, as from the close of business on September 27, 2024, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated September 26, 2024. Considering the bank’s present liquidity position, the bank has been directed not to allow withdrawal of any amount from savings bank, current accounts or any other account of a depositor, but set off of loans against deposits is allowed, subject to the conditions stated in the above RBI Directions. The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills, etc. as specified in the said Directions.

    2. These directions are necessitated due to supervisory concerns emanating from the recent adverse material developments in the bank, and to protect the interest of depositors of the bank.

    3. The eligible depositors of the bank would be entitled to receive deposit insurance claim amount for their deposits up to a monetary ceiling of ₹5,00,000/- (Rupees five lakh only) in the same capacity and in the same right, within 90 days, from the Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to the provisions of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 based on submission of willingness by the concerned depositors and after due verification. Details may also be accessed on the DICGC website: www.dicgc.org.in. As per the information currently available with the Reserve Bank, more than 94 per cent of the depositors of the bank will be covered by DICGC for their entire account balance.

    4. The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI. Subject to the restrictions specified in the said Directions, the bank will continue to undertake its banking business, including recovery of loans. The Reserve Bank is monitoring the position of the bank and will continue to take necessary steps, including modifications of these Directions depending upon circumstances, in the interest of depositors.

    5. These Directions shall remain in force for a period of six months from the close of business on September 27, 2024 and are subject to review.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1179

    MIL OSI Economics

  • MIL-OSI USA News: Statement from President Joe  Biden on the August PCE  Report

    Source: The White House

    Today’s report shows inflation has come back down to 2.2%, similar to pre-pandemic levels, at a time when interest rates have fallen—lowering the cost of buying a home or car, or operating a small business. This follows yesterday’s news that on my watch the economy has grown more than 10% and incomes are up nearly $4,000, after accounting for inflation. The economy, incomes, savings, and consumer spending are all stronger than previously estimated.
     
    We have more work to do to lower costs and create opportunities for Americans. The Vice President and I want to build millions of new homes, continue to lower the price of prescription drugs and health care, and cut taxes for families, small businesses, and industries of the future. Congressional Republicans would take the opposite approach—raising costs for middle-class families by nearly $4,000 per year while giving more tax cuts to the wealthy and big corporations. That’s not how you grow the economy, or the middle class.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Statement from President Joe  Biden on the August PCE  Report

    US Senate News:

    Source: The White House
    Today’s report shows inflation has come back down to 2.2%, similar to pre-pandemic levels, at a time when interest rates have fallen—lowering the cost of buying a home or car, or operating a small business. This follows yesterday’s news that on my watch the economy has grown more than 10% and incomes are up nearly $4,000, after accounting for inflation. The economy, incomes, savings, and consumer spending are all stronger than previously estimated. We have more work to do to lower costs and create opportunities for Americans. The Vice President and I want to build millions of new homes, continue to lower the price of prescription drugs and health care, and cut taxes for families, small businesses, and industries of the future. Congressional Republicans would take the opposite approach—raising costs for middle-class families by nearly $4,000 per year while giving more tax cuts to the wealthy and big corporations. That’s not how you grow the economy, or the middle class.

    MIL OSI USA News

  • MIL-OSI Canada: Government of Canada supports health sciences SMEs to create new health technologies

    Source: Government of Canada News (2)

    News release

    Government of Canada invests in specialized programming to benefit 75 SMEs in southern Ontario’s health sciences sector 

    September 27, 2024 – Hamilton, Ontario

    Canada’s health sciences innovation sector continues to lead on developing innovative ideas and products that will lead to a better and healthier future. The Government of Canada is supporting businesses and organizations in this vital sector with the support they need to drive impactful health solutions for Canadians.

    Yesterday, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), attended the 14th annual LiONS LAIR hosted by Innovation Factory.  More than 400 members of the Hamilton Life Sciences ecosystem gathered to celebrate innovation in the Hamilton-Halton region.

    While at the event, Minister Tassi announced a Government of Canada investment of over $5 million for Innovation Factory in collaboration with the Synapse Life Sciences Consortium to support the continued delivery of the Southern Ontario Pharmaceutical and Health Innovation Ecosystem (SOPHIE) program, which opened for applications yesterday. The program will assist up to 75 health sciences SMEs in southern Ontario as they commercialize their products and scale their businesses. Participating businesses will have access to mentorship and advisory services, seed funding, and new partnerships. This critical work will help accelerate their product development, and anchor health sciences companies here in southern Ontario.

    This project aligns with the Government of Canada’s priority to support emerging growth opportunities in this important sector. Innovators and organizations that create healthcare technologies are helping to keep Canadians healthy while strengthening Canada’s health sciences sector and creating new job opportunities for Canadians.

    Quotes

    “Innovation Factory is undertaking critical work that will support 75 SMEs expand and grow their businesses, all while helping to anchor health sciences companies here in Canada. The investment made today demonstrates the Government of Canada’s dedication to supporting innovators in health sciences and moving towards a healthier future for Canadians.”
    – The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario 

    “The renewal of funding for Innovation Factory’s SOPHIE program is a testament to the remarkable impact it has had on Ontario’s health sciences sector over the past few years. This continued support from the Government of Canada enables us to build on this success, driving further innovation, job creation, and global competitiveness in the health sciences industry. We are excited to see SOPHIE continue to transform the landscape for health science entrepreneurs and strengthen Ontario’s position as a leading hub for health innovation.”
    – David Carter, CEO of Innovation Factory

    Quick facts

    • Innovation Factory is a not-for-profit business accelerator, serving as the catalyst for technology innovation in the Brant, Halton, Hamilton and Norfolk regions since 2010. 

    • Innovation Factory provides business services, training, mentorship, and strategic connections to drive market adoption, leverage intellectual property, and increase revenues, investment, and jobs. Innovators can also access sector-specific resources including exclusive smart transportation test environments and data; and a formal health science and health innovation ecosystem.

    • FedDev Ontario previously provided Innovation Factory with an investment of $7 million to deliver the first intake of the SOPHIE program. To date, through SOPHIE, 166 innovative Ontario-based health science start-up and scaling companies in the health, medical device, and pharmaceutical sectors, received support to develop and commercialize new products and services.

    • Since 2015, the Government of Canada, through FedDev Ontario, has invested over $237 million in 58 life science projects, supporting over 7,700 jobs.

    Associated links

    Contacts

    Edward Hutchinson
    Press Secretary
    Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
    Edward.Hutchinson@feddevontario.gc.ca

    FedDev Ontario Media Relations
    media@feddevontario.gc.ca

    Stay Connected:

    FedDev-Ontario.Canada.ca

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    Subscribe to FedDev Ontario’s Southern Ontario Spotlight newsletter, featuring economic development news and updates from across the region.

    MIL OSI Canada News

  • MIL-OSI Canada: Indigenous Guardians projects 2024–2025

    Source: Government of Canada News

    Today, Jaimee Gaunce, Executive Director of the First Nations National Guardians Network (NGN), joined the Honourable Steven Guilbeault, Minister of Environment and Climate Change; the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario; and Marcus Powlowski, Member of Parliament for Thunder Bay—Rainy River, to announce the investment of up to $27.6 million to support 80 First Nations Guardians initiatives.

    Alberta

    Project title: Mikisew Cree First Nation Guardian Program
    Recipient: Mikisew Cree First Nation – Government and Industry Relations
    Funding amount: $350,000
    Project description: This two-year, ongoing initiative will study how oil sands development, particularly bitumen mining and hydroelectric projects, are affecting the health of the Peace-Athabasca Delta, the heart of Mikisew’s traditional territory. Guardians work year-round to monitor water quality, collect data, track flood events, and monitor the fish population.

    Project title: Ni Ho Ghe Di – ACFN Guardian Program Athabasca Chipewyan First Nation
    Recipient: Dene Lands and Resource Management
    Funding amount: $350,000
    Project description: This two-year initiative will monitor and report on activities that may cause harm to the ecology, traditional lands, or traditional resources of Athabasca Chipewyan First Nation (ACFN), such as poaching and illegally hunting on the traditional territory, especially to protect Ronald Lake Buffalos. The initiative will also support youth to strengthen their cultural pride and connection to the land and develop on-the-land skills.

    Project title: Guardians of the Territory – Dene Tha’ First Nation
    Recipient: Dene Tha’ First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will engage in diverse activities, such as ecological restoration, supporting resource management plans, and ensuring compliance with laws and regulations. Guardians will protect and recover species at risk, manage land use in the proposed Indigenous Protected and Conserved Area at M’behcholia (Bistcho Lake, Alberta), and conduct environmental and wildlife monitoring.

    Project title: Alexis Nakota Sioux Nations Guardians Initiative
    Recipient: Alexis Nakota Sioux Nation
    Funding amount: $346,400
    Project description: This two-year initiative will involve conducting and analyzing aerial surveys, creating a geographic information system (GIS) data management and visualization system using R-Studio and ArcPY, and continue to develop the Stoney Land and Water Course.

    British Columbia

    Project title: Kitasoo Xai’xais Guardian Watchmen Program Enhancement
    Recipient: Kitasoo Xai’xais Nation
    Funding amount: $604,925
    Project description: This two-year initiative focuses on marine and terrestrial surveying, along with compliance and enforcement practices involving education, observation, and reporting. The Guardians also actively participate in the Coastal Nations Coast Guard Auxiliary and undertake training for emergency response in search and rescue and oil spills.

    Project title: Coastal Stewardship Network
    Recipient: Great Bear Initiative Society
    Funding amount: $499,785
    Project description: This two-year initiative provides programming to the Coastal First Nations – Great Bear Initiative’s eight member nations, who work directly with communities to support Guardians along the North and Central Coast and Haida Gwaii to track resource use and ecosystem health, provide training and professional development, raise awareness, and help establish a stewardship presence on the coast.

    Project title: Songhees Nation Guardians Program
    Recipient: Songhees Nation
    Funding amount: $50,000
    Project description: This one-year initiative continues work with community members, Band Council, and outside organizations to provide monitoring services, promote stewardship in the community, and restore habitat areas. This initiative helps establish stronger Indigenous presence on the water during fishing seasons, as it is critical in establishing more authority over fisheries and coastal resources on the land.

    Project title: Lower Nicola Indian Band – Indigenous Guardians Program – Tier 1
    Recipient: Lower Nicola Indian Band
    Funding amount: $49,450
    Project description: This one-year initiative aims to build capacity, skills, and knowledge for a new Guardians program in the community. This will involve mapping and indexing areas in the territory, engaging with Elders and knowledge keepers, engaging with the community, drafting a plan, and working with chief and council to ensure the vision aligns with the strategic plan.

    Project title: Mamalilikulla First Nation Guardian Program
    Recipient: Mamalilikulla First Nation
    Funding amount: $350,000
    Project description: This two-year initiative involves ongoing activities where Guardians spend time on the land to collect data, monitor cultural sites, manage Grizzly Bear populations, plant crab apple trees to provide food for the bears, and improve fisheries. This work helps the Chief and Council make informed decisions.

    Project title: Wet’suwet’en First Nation Guardian Initiative: A Holistic Approach
    Recipient: Wet’suwet’en First Nation
    Funding amount: $75,745
    Project description: This one-year initiative will monitor and collect data on moose population and mortality rates, assess wildlife habitats, setup wildlife cameras, and conduct riparian assessments. It will also explore starting a water-monitoring program in identified priority areas. These efforts will help the community observe and document activities or cumulative effects that impact their ability to practice traditional ways of life.

    Project title: Saulteau First Nations Indigenous Guardian Proposal
    Recipient: Saulteau First Nations
    Funding amount: $350,000
    Project description: This two-year initiative will help the community take leadership in monitoring, protecting, and restoring the lands and waters, which is essential for the health and well-being of the community. Activities include supporting safe food harvesting and cultural activities, protecting Klinse-za Park, monitoring climate changes, and understanding how events like forest fires affect the community, fluctuations in weather patterns, and alterations in animal movements and water availability.

    Project title: Saik’uz Guardian Program
    Recipient: Saik’uz First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will build upon long-term monitoring efforts through a self-sustaining, community-based Saik’uz Guardians Initiative. The Guardians will be guided by the wisdom of both Indigenous Knowledge and western science, for the purposes of empowerment and self-determination of the Nation’s future connected to the water and land of the Territory.

    Project title: P’egp’ig’lha Guardians
    Recipient: P’egp’ig’lha Council / T’it’q’et First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will conduct patrols of the land to ensure territorial health and study wildlife and fisheries. Guardians play an essential role in protecting and restoring the Stein-Nahatlatch Grizzly Bear population, assisting with wildfire recovery, and strengthening collaboration with other nearby Guardian programs.

    Project title: Pauquachin First Nation Marine Department – Stewardship Initiative
    Recipient: Pauquachin First Nation
    Funding amount: $350,000
    Project description: This two-year initiative monitors one of the most heavily travelled and utilized waterways within British Columbia. Guardians review culturally sensitive archaeological sites, harvesting areas, recreational and commercial fisheries use, environmental threats (pollution sources, dumping, illegal activities, and poaching), and conduct restoration in specified areas of importance. This initiative represents the community’s interests, concerns, and objectives to ensure waterways, food, historical sites, and cultural practices continue for generations to come.

    Project title: Takla Nation’s Tier 2 Guardians Initiative
    Recipient: Takla Nation
    Funding amount: $499,959
    Project description: This ongoing initiative monitors more than 30 established sites across Takla’s lands and waters. This work is essential for Takla to implement environmental and cultural protections, including ensuring archaeological impact assessments are carried out by various proponents and government agencies align with Takla’s Archaeology Policy. Additionally, it builds capacity to monitor the caribou and moose populations and sustains the Guardians program by fostering engagement with youth in the community.

    Project title: Tsilhqot’in Guardian Network
    Recipient: Tsilhqot’in National Government
    Funding amount: $500,000
    Project description: This two-year initiative, led by the Tsilhqot’in National Government in collaboration with six Tsilhqot’in communities—Xeni Gwet’in, Tlesqox, Tletinqox, Tsi Del Del, ?Esdilagh, and Yunesit’in—aims to integrate and strengthen Tsilhqot’in values in the management of the region’s lands and waters. Working in partnership with provincial and federal land and water management agencies, the initiative will see Guardians will conducting patrols for hunting, fishing, and fire prevention, as well as wildlife- and water-monitoring research to ensure the sustainable stewardship of Tsilhqot’in territories.

    Project title: Quatsino Axsilaxa Ahwheatnagwusn Guardians Program
    Recipient: Quatsino First Nation
    Funding amount: $342,765
    Project description: This two-year initiative aims to support the implementation of the Quatsino Land Use Plan and the Marine Use Plan. This will be done through field-based work, such as data collection and monitoring. These efforts will be central to ecosystem restoration and establishing food security through the local harvesting of traditional foods.

    Project title: nłeʔképmx Guardians
    Recipient: Citxw Nlaka’pamux Assembly
    Funding amount: $350,000
    Project description: This two-year initiative will continue to establish presence on the land and provide public education and awareness about the nłeʔképmx territory, protocols, and cultural practices. Guardians will monitor and record activities on the land with a focus on priority areas determined by the Citxw Nlaka’pamux Assembly. These priority areas include critical hunting, fishing, gathering, and other culturally important areas. nłeʔképmx Guardians will record, monitor, and manage for invasive species and will contribute to research regarding species at risk in the territory.

    Project title: Supporting and Maintaining a Strong and Efficient Heiltsuk Guardian Watchmen Program
    Recipient: Heiltsuk Integrated Resource Management Department of the Heiltsuk Tribal Council
    Funding amount: $349,499
    Project description: This two-year initiative will focus on capacity-building, monitoring local aquatics ecosystems and community fisheries for safe harvesting and to support and reestablish this life-sustaining relationship between the people and territory.

    Project title: Haa Aaní Tulatín – Taku River Tlingit First Nation Land Guardian Program
    Recipient: Taku River Tlingit First Nation
    Funding amount: $349,600
    Project description: This two-year initiative will respond to threats to the territory and monitor salmon populations. The Guardians will work to strengthen salmon stewardship by organizing multi-day camps that focus on traditional fishing, intergenerational knowledge transfer, and on-the-land monitoring.

    Project title: Spuzzum Nation Land Guardians Initiative
    Recipient: Spuzzum Indian Band
    Funding amount: $50,020
    Project description: This one-year initiative will focus on protecting important ecosystems by monitoring key territorial and cultural sites, collecting ecological data, and safeguarding species like the endangered Northern Spotted Owl. The Guardians will also help to develop a framework for stewardship policies.

    Project title: Kwadacha Nation Tier 2 Guardian Proposal
    Recipient: Kwadacha Nation
    Funding amount: $348,734
    Project description: This two-year initiative aims to provide long-term ecological and cultural monitoring to track changes on key wildlife habitats, traditional food sources, and water sources. This will aid in discussing how potential changes may impact the roles and responsibilities of being Dena on the land.

    Project title: Doig River First Nation Guardian Program
    Recipient: Doig River First Nation
    Funding amount: $349,188
    Project description: This two-year initiative will focus on improving monitoring of the lands and waters by combining cultural methods and western science. Doig River First Nation Guardians will continue to monitor the health of the land, guided by members, and will work collaboratively with the government to address any impacts.

    Project title: Nahnéhé Gegenı́hı / Kakinawetakwow Uski / FNFN Land Guardian Initiative
    Recipient: Fort Nelson First Nation
    Funding amount: $375,000
    Project description: This two-year initiative supports the Fort Nelson First Nation (FNFN) stewardship, land management, and on-the-land cultural activities. The Guardian is guided by western science monitoring and research while grounded in Indigenous ways of knowing and understanding the health and condition of the lands and waters.

    Project title: Scianew Guardians Initiative
    Recipient: Beecher Bay First Nation
    Funding amount: $348,614
    Project description: This two-year initiative will work toward environmental conservation, monitoring, training for Guardians, impact assessments, land sovereignty, and marine safety. This will be done through partnerships with neighbouring nations, Western Canada Marine Response Corporation (WCMRC) and Kotug Canada.

    Project title: USIB Land Guardian Program
    Recipient: Upper Similkameen Indian Band
    Funding amount: $391,894
    Project description: This two-year initiative aims to address critical environmental challenges while deeply integrating Indigenous Knowledge, community engagement, and sustainable practices. The Guardians initiative emphasizes land conservation, sustainable resource management, and fostering ecosystem resilience.

    Project title: Establishing Boothroyd Guardians Program
    Recipient: Boothroyd Indian Band
    Funding amount: $50,000
    Project description: This one-year initiative will monitor environmental indicators within the territory, support restoration work in areas damaged by wildfire, and the subsequent erosion. Boothroyd Guardians will engage with land-user groups to increase understanding and respect for the environment.

    Project title: TTQ Guardians Program Initiation Project
    Recipient: TTQ Economic Development Corporation
    Funding amount: $62,533
    Project description: This one-year initiative aims to collect and organize Xa’xtsa’s previously recorded cultural knowledge data, map priority areas, and develop a monitoring plan. The goal is to observe changes in the supply of traditional herbs and plants, the frequency and impacts of foraging on the land, vitality of salmon spawning, changes in unauthorized camping, and invasive plants and animals.

    Project title: Wildfire Recovery Monitoring
    Recipient: Okanagan Indian Band
    Funding amount: $350,000
    Project description: This two-year initiative will assess the conditions of the White Rock Lake watershed before and after wildfires for the Okanagan Indian Band. The Guardians will conduct site assessments, inventory culturally significant resources, monitor wildlife, and assess the severity of burn damage to guide restoration efforts.

    Project title: Nanwakolas – Stewarding Through Indigenous Scientific Knowledge
    Recipient: Nanwakolas Council Society
    Funding amount: $500,000
    Project description: This two-year initiative will apply Kwakwaka’wakw values and Indigenous scientific knowledge on a variety of projects, including loxiwe (clam garden) restoration, canoe carving, hosting Guardian seasonal gathering events, as well as data collection on water, wildlife monitoring, climate change studies, and emergency response planning.

    Project title: Continuing to Build the Skwxwú7mesh Úxwumixw (Squamish Nation) Guardians Programs Initiative
    Recipient: Squamish Nation – Squamish Indian Band 555
    Funding amount: $349,505
    Project description: This two-year initiative will conduct stewardship activities, respond to climate events and emergencies, and increase public safety. The Guardians will continue to be on the land engaging and learning from Elders, knowledge keepers, and youth, as well as collaborating with other Nations to share information and build capacity across the National Guardians Network.

    Project title: St’át’imc Land Guardians
    Recipient: St’at’imc Government Services
    Funding amount: $425,180
    Project description: This two-year initiative will focus on the implementation of the St’át’imc Water Accord. This includes collecting baseline data of three intact watersheds and three impacted watersheds to assess water quality. Other activities include capacity-building and reviewing stories and legends through workshops/collaborative research with the Indigenous Law Research Unit.

    Project title: Nak’azdli Whut’en Yinka Huwunline (Looking After/Taking Care) Guardians Program
    Recipient: Nak’azdli Whut’en
    Funding amount: $349,942
    Project description: This two-year initiative will build geospatial mapping technology for Guardians to use in monitoring. It will create open portals for communication while protecting internal data and cultural information. The project will use remote sensing technology to create “living maps” that track seasonal phenology, quantify impacts, and present informed engagements on stewardship with industry, government, consultants, and academics.

    Project title: Lake Babine Nation Yintah Guardians
    Recipient: Lake Babine Nation
    Funding amount: $350,000
    Project description: This two-year initiative will lead the collaborative stewardship of yintah Lake Babine Nation (LBN) territory and the resources of two cultural keystone species, talok (Sockeye Salmon) and khida (moose), to restore moose populations to culturally meaningful levels, and to support fish monitoring, habitat restoration, and collaborative management.

    Manitoba

    Project title: Seal River Watershed Alliance Land Guardians Network
    Recipient: Seal River Watershed Alliance
    Funding amount: $500,000
    Project description: This two-year initiative will employ 14 youth and senior staff in Land Guardian positions across the four Nations of the Alliance. This initiative builds technical capacity and administers species and habitat identification, monitoring, and protection, and stewards the watershed.

    Project title: Askiy Okanawaynichikaywuk (Keepers of the Land)
    Recipient: York Factory First Nation
    Funding amount: $349,860
    Project description: This two-year initiative will maintain trails, monitor cultural and historic sites, observe changes in the land, and support respectful land use. Guardians will have a visible presence, doing community outreach, participating in land-based events, and helping to inform Council’s decisions about land use, stewardship, and protection.

    Project title: Pimachiowin Aki First Nations Guardians Network
    Recipient: Pimachiowin Aki Corporation
    Funding amount: $499,615
    Project description: This two-year initiative will focus on seasonal fishing monitoring of Pickerel (Walleye), all-season road alignment, wildfire management, and climate change adaptation and mitigation. Guardians provide professional capacity and presence in Pimachiowin Aki, expressing Anishinaabe nationhood, as well as filling gaps in the Information Management System and provincial patrols and monitoring activities throughout the year.

    Project title: SCO First Nations Guardians Regional Network
    Recipient: Southern Chiefs’ Organization Inc.
    Funding amount: $500,000
    Project description: This two-year initiative will focus on strengthening Indigenous jurisdiction over their traditional lands, capacity-building, training and skills development in environmental monitoring and management, and encouraging cooperation and collaboration between communities on stewardship and natural resource management issues.

    Project title: SLFN Land-Water-Nature Indigenous Guardianship Stewardship Initiative
    Recipient: Swan Lake First Nation
    Funding amount: $349,285
    Project description: This two-year initiative, together with Agriculture and Agri-Food Canada, will continue to evaluate the revegetation terraces and re-seed as necessary, monitor water quality from the tile drainage structure, and monitor wildlife and pollinator populations. The data collected will assist in understanding the success rate of this project in reducing nutrient pollution and enhancing ecosystems.

    New Brunswick

    Project title: Amlamgog Earth Keepers
    Recipient: Fort Folly First Nation
    Funding amount: $321,411
    Project description: This two-year initiative will expand and enhance an existing salmon recovery initiative. This initiative will focus on flora and fauna monitoring, following the traditional guiding principle of Etuaptmumk (two-eyed seeing).

    Project title: Wotstak First Nation Guardians Initiative – Tier 1
    Recipient: Woodstock First Nation
    Funding amount: $50,000
    Project description: This one-year initiative will collect data and conduct ecosystem monitoring guided by Woodstock’s Aboriginal Traditional Knowledge for conservation, with the goal of developing a land use plan.

    Project title: Elugweieg Toqwe’gig ugjit Ugs’tqamu aq ugjit Sapo’nug (We Work Together for Earth and for Tomorrow)
    Recipient: Esgenoôpetitj Watershed Association
    Funding amount: $349,923
    Project description: This two-year initiative will expand Esgenoôpetitj aquatic monitoring and governance, led by Esgenoôpetitj First Nation (EFN) Fishery Guardians in collaboration with Fisheries and Oceans Canada enforcement personnel in the management, conservation, and protection of the fisheries in the areas most utilized by the community.

    Newfoundland and Labrador

    Project title: Innu Nation Guardian Program
    Recipient: Innu Nation – Environment and Parks Offices
    Funding amount: $700,000
    Project description: This two-year initiative will integrate the Sheshatshiu and Mushuau Innu (Natuashish) communities through environmental stewardship and cultural preservation. The initiative will focus on five objectives: creating additional Guardian positions, providing technical and safety training, hosting youth workshops for knowledge transfer, purchasing necessary equipment, and developing cultural initiatives to uphold and promote Innu traditions and ecological knowledge.

    Nova Scotia

    Project title: Re-Connecting Our People with the Land
    Recipient: Eskasoni Fish & Wildlife Commission Inc.
    Funding amount: $375,000
    Project description: This two-year initiative will help protect the Eskasoni Watershed and the bio-cultural diversity within the Nation for future generations, as well as reconnecting the people with the land by supporting community-led research and conducting surveys to monitor the changes in the fisheries and ecosystems. The Guardians will be responsible for monitoring activities within the watershed that could impact fish habitat, fish passage, and other species at risk or culturally significant species. This initiative will also support designation of an Indigenous Protected and Conserved Area.

    Project title: Nova Scotia Earth Keepers / Nuji kelo’toqatijik Network
    Recipient: Unama’ki Institute of Natural Resources Society
    Funding amount: $500,000
    Project description: This two-year initiative includes gathering and sharing of Indigenous Knowledge, promoting Netukulimk hunting practices, and monitoring and data collection, including identifying areas suitable for cultural activities, harvesting of medical plants, monitoring species at risk, and education and outreach about culturally important species.

    Northwest Territories

    Project title: Ni hat’ni Dene (Watchers of the Land)
    Recipient: Lutsel K’e Dene First Nation
    Funding amount: $349,600
    Project description: This two-year initiative maintains a long-term mandate to promote stewardship of Thaidene Nene, working full-time as caretakers of the land, water, and animals, ambassadors of the Dene way of life, and hosting visitors. Initiatives include protecting the Bathurst Caribou, passing on cultural knowledge to youth, and ensuring food security.

    Project title: DKFN Guardians
    Recipient: Deninu Kue First Nation
    Funding amount: $333,055
    Project description: This two-year initiative will monitor the lands and water. Guardians will patrol the land to ensure it is kept clean and will conduct water-quality sampling and clean fish monitoring.

    Project title: LKFN Guardians and Climate Change Monitoring Project
    Recipient: Łı́ı́dlı̨́ı̨́ Kų́ę́ First Nation
    Funding amount: $349,961
    Project description: This two-year initiative aims to monitor the environmental impacts of climate change in the Dehcho Region of Northwest Territories. The initiative will include monitoring of various indicators, such as permafrost melt, riverbank slumping/erosion, and shifting species populations. Guardians will be equipped with specialized training to monitor erosion, permafrost conditions, observe melt patterns, and assess the depth of thaw. This crucial data collection is important to assess the changing landscape.

    Project title: Sahtu K’aowe Guardians Project in Support of the Tsá Tué Biosphere Reserve
    Recipient: Délįnę Got’įnę Government
    Funding amount: $350,000
    Project description: This two-year initiative supports monitoring of the Great Bear Lake and its watershed using two-eyed seeing methods (bridging western science and Indigenous Knowledge) for the conservation of biodiversity, ecological integrity, climate change adaptation, sustenance of local wildlife, and food security, as well as for cultural continuity and revitalization.

    Ontario

    Project title: Environmental Stewardship on Air Quality Issues for Aamjiwnaang First Nation
    Recipient: Aamjiwnaang First Nation
    Funding amount: $48,732
    Project description: This one-year initiative will monitor the air, water, and land surrounding Aamjiwnaang First Nation (AFN) that has been impacted by industry development. Guardians will identify environmental monitoring gaps (for example, soil, water, air, fish, plants, and species at risk), develop plans for data collection, improve emergency notification, as well as community responses to petroleum refineries, chemical plants, and other industrial facilities in proximity to AFN.

    Project title: Temagami First Nation Guardians
    Recipient: Temagami First Nation
    Funding amount: $451,000
    Project description: This two-year initiative prioritizes water quality, species, and habitat protection; preservation of Indigenous wisdom; and data collection and monitoring. Guardians will be engaged in monitoring, recording, and reporting activities related to land use and environmental protection. Specific attention will be given to Lake Temagami, including monitoring ice huts, houseboats, shores, and more.

    Project title: Atikameksheng Anishnawbek – Phase 2 – Monitoring of Atikameksheng Traditional Land
    Recipient: Atikameksheng Anishnawbek
    Funding amount: $347,263
    Project description: This two-year initiative will help with the collection of maple sap during Sugar Moon and other food harvestings, which is provided to Elders and the Nations’ food bank. Guardians will monitor the lands, conduct field site inspections for proposed forestry cuts to ensure grandmother trees are protected, and complete daily field work sheets and site inspections that will provide important environmental information on spills, violations, and forestry cuts.

    Project title: Anishinabek Traditional Ecological Guardians of Georgian Bay
    Recipient: Magnetawan First Nation
    Funding amount: $500,000
    Project description: This two-year initiative supports land-based learning, knowledge transfer, and technical skills training on species at risk, species monitoring, data collections, and other land-management activities using the two-eyed seeing approach. The initiative will also help to strengthen capacity and sustainable management for other First Nation groups.

    Project title: Charting the Path Ahead – Anishinaabe Aki Shkabewisag (Niiwin Wendaanimok Anishinaabe Guardians Network)
    Recipient: Niiwin Wendaanimok Limited Partnership
    Funding amount: $500,000
    Project description: This two-year initiative will support four Anishinaabe Nations to mitigate and monitor compliance on development in the territory; increase capacity to care for lands, water, plants, and animals; and work collaboratively to identify individual needs and create personalized coaching and mentorship programs. The Anishinaabe Guardians will identify and protect areas of significance by interviewing Elders and knowledge keepers.

    Project title: Ketegaunseebee Aki Guardians
    Recipient: Garden River First Nation
    Funding amount: $301,400
    Project description: This two-year initiative will assist Garden River First Nation in monitoring and protecting the St. Marys River and the lands to uphold a treaty made with neighbouring Indigenous Nations. The initiative will focus on capacity-building, community engagement, and fieldwork including patrolling, monitoring species at risk and invasive species, and forestry.

    Project title: Four Rivers Regional Guardians Network
    Recipient: Matawa First Nations Management
    Funding amount: $389,771
    Project description: This two-year initiative focuses on environmental stewardship and capacity-building in nine Matawa First Nations. The Four Rivers Regional Guardian Network will engage in virtual and in-person networking to expand its knowledge and capacity, including cultural exchanges within the network.

    Project title: Biinjitawaabik Zaaging Anishnaabek Community Guardians
    Recipient: Biinjitiwaabik Zaaging Anishnaabek Rocky Bay First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will implement sturgeon and mining site protocols, conduct environmental monitoring analysis, map the Lake Nipigon basin, and integrate the data into a geographic information system database.

    Project title: The Height of Land Wakohtowin Guardian Program – Treaty No.9
    Recipient: Wahkohtowin Development General Partnership Inc.
    Funding amount: $499,300
    Project description: This two-year initiative is designed to enhance traditional knowledge, practices, and way of life within the communities. Guardians will have first-hand experience in how ecosystem services and the conservation economy work.

    Project title: The Neya Waban Guardian Program – Caretakers of the Land
    Recipient: Algonquins of Pikwakanagan First Nation
    Funding amount: $349,650
    Project description: This two-year initiative will gather crucial information that will support decision-making, identify quality habitat areas for wildlife, and develop management plans and protocols. The Algonquins of Pikwakanagan First Nation will continue to conduct Algonquin knowledge-based data collection to further protect the lands, water, animals, and air for the eleven communities across Ontario and Quebec.

    Project title: Mnisinoog (Warriors for the Bay): Shawanaga First Nation’s Guardians Program
    Recipient: Shawanaga First Nation
    Funding amount: $350,000
    Project description: This two-year initiative focuses on improving aquatic life by using river monitors to sustain and protect the health of the river ecosystem. Aquatic stewardship takes precedence with creel surveys, wide-scale monitoring of waterbodies, and a detailed study on fish consumption.

    Project title: Caldwell First Nation Land Guardian Program
    Recipient: Caldwell First Nation
    Funding amount: $345,840
    Project description: This two-year initiative will focus on education, training, on-the-land learning with technical experts and knowledge holders, and listening sessions with the community. The Guardians will review class environmental assessments on behalf of Caldwell First Nation, monitor and participate in environmental projects in the Territory, and build multi-year capacity initiatives with emphasis on supporting the creation, development, and management of Indigenous Protected and Conserved Areas within traditional territory.

    Prince Edward Island

    Project title: Lennox Island First Nation Guardians Program
    Recipient: Lennox Island First Nation
    Funding amount: $346,800
    Project description: This two-year initiative will help better manage, protect, and utilize the marine resources the community relies on. It will allow the Lennox Island watershed conservation group to participate in coastal erosion studies, take part in fisheries workshops (lobster-handling practices), a Black Ash reforestation project, and the development of a modernized solid-waste management plan.

    Project title: Abegweit Guardians
    Recipient: Abegweit First Nation
    Funding amount: $350,000
    Project description: This two-year initiative embodies a cultural and traditional approach to natural resource management. The initiative also includes data collection and monitoring, and focusing on the use of lands, waters, and resources on traditional territories, including cultural sites.

    Quebec

    Project title: Gardiens du Ndakina
    Recipient: W8banaki
    Funding amount: $500,000
    Project description: This two-year initiative will support the sustainability of traditional practices of members of the Nation, protect their rights to access ancestral territory, and preserve cultural heritage. This initiative will create conservation spaces, share and transfer Indigenous Knowledge, mentor youth, engage with the community, and promote food sovereignty, as well as many other activities.

    Project title: Pushing Forth: Taking the Pessamit Land Guardians to the Next Level
    Recipient: Conseil des Innus de Pessamit
    Funding amount: $349,550
    Project description: This two-year initiative includes a team of six territorial agents, specializing in data collection, surveillance of the lands, and comprehensive inventories of biodiversity and ecosystem processes. The initiative will focus on monitoring and assessments, conducting an inventory of cultural sites, developing expertise in sampling, and community engagement and visibility.

    Project title: Gardiens de territoire Abitibiwinnik
    Recipient: Première Nation Abitibiwinni
    Funding amount: $195,931
    Project description: This two-year initiative will continue to train community members to conduct land surveillance and acquire new skills and knowledge from field work, utilizing both Indigenous Knowledge and western science. The initiative aims to document information acquired from Guardians’ activities, community members, and Elders.

    Project title: Cumulative Effects Assessment of Chisasibi’s Intertidal Zones: Integrating Science, Tradition, and Stewardship
    Recipient: Cree Nation of Chisasibi
    Funding amount: $348,468
    Project description: This two-year initiative will focus on integrating western science, Indigenous Knowledge, and stewardship to address key challenges in the Chisasibi community. The initiative will study the impact of development by reviewing existing research, mapping the community, analyzing vegetation, and collecting environmental samples. Additionally, it will build capacity through workshops and a mentorship initiative involving Kinwhapmaakins (Trapline Managers/Guardians). All data will be collected and combined into a detailed report on cumulative effects.

    Project title: Gardiens Atikamekw de Manawan
    Recipient: Conseil des Atikamekw de Manawan
    Funding amount: $350,000
    Project description: This two-year initiative will enhance the role of the Guardians in working with non-Indigenous land users and partners within the heart of the Nation and the community. This next phase focuses on being active on the land, collecting data, establishing an official community-recognized mandate, and increasing capacity and training, as well as strengthening the role of the Guardians within the community.

    Project title: Kitigan Zibi Anishinabeg Nagadjitòdjig Guardian Initiative
    Recipient: Kitigan Zibi Anishinabeg First Nation
    Funding amount: $594,020
    Project description: This two-year initiative will monitor and inventory cultural keystone species, wild foods, and trees. The Guardians will provide water quality studies, identify culturally significant sites, and record videos to document traditional practices and activities.

    Project title: Protection et participation à la mise en valeur de l’héritage Pekuakamiulnuatsh sur Nitassinan
    Recipient: Pekuakamiulnuatsh Takuhikan
    Funding amount: $49,995
    Project description: This one-year initiative aims to ensure the protection and preservation of the territory while maintaining the well-being of the Nation’s community members as they conduct their Nation’s traditional activities. The Guardians play a crucial role in supporting the Nation’s community, in land surveillance, and accompanying community members onto the Nation’s land.

    Project title: Essipiu Assinu Nakatuenitamu (celui qui prend soin du territoire d’Essipit)
    Recipient: Conseil de la Première Nation des Innus Essipit
    Funding amount: $246,308
    Project description: This two-year initiative supports responsible governance and occupation of the Nation’s territory, land surveillance, and participation in community events, as well as collaboration on a variety of projects that encourage learning and skill development for Guardians and community members.

    Project title: Nutshimiunnuat d’ITUM (gardiens du Nitassinan d’ITUM)
    Recipient: Innu Takuaikan Uashat mak Mani-Utenam
    Funding amount: $350,000
    Project description: This two-year initiative consists of monitoring, protecting, and carrying out stewardship activities in the traditional territory of the Nation. Its objective is to ensure surveillance on the land and protection of the Nation, as well as contribute to studies and inventories on the impacts of climate change and industrial development within the territory.

    Project title: Iakwatonhontsanónhnha (We All Mind Her, the Earth)
    Recipient: Mohawk Council of Kahnawà:ke
    Funding amount: $256,416
    Project description: This two-year initiative will develop an Environmental Charter for the community, helping to define roles and responsibilities of Conservation Officers. It will also consult on a Rights of Nature approach to protect the St. Lawrence River.

    Saskatchewan

    Project title: File Hills Qu’Appelle Guardian Initiative
    Recipient: File Hills Qu’Appelle Tribal Council
    Funding amount: $354,180
    Project description: This two-year initiative will monitor and document the health of waterways, including water quality, medicines, and the condition of riverbanks, focusing specifically on the Lower Qu’Appelle River and Chain of Lakes. It will also work to revitalize language and land stewardship practices.

    Project title: Monitoring and Protection of Athabasca Denesųłiné Nuhenéné in Saskatchewan
    Recipient: Ya’thi Néné Land and Resource Office
    Funding amount: $498,916
    Project description: This two-year initiative will monitor lands and waters in Nuhenéné including Indigenous Protected Areas, caribou harvest areas, mineral exploration, and extraction activities. Guided by Elders, a focus of the Ya’thi Néné Lands and Resources’ Guardians is to connect youth back to the land and build future leaders in sustainable management practices.

    Project title: The Birch Narrows Dene Nation Nuh Nene Strategic Plan
    Recipient: Birch Narrows Dene Nation
    Funding amount: $49,917
    Project description: This one-year initiative will monitor the land, combining ancestral wisdom with modern ecological approaches. Strategic partnerships with neighbouring First Nations and partners, such as Tamarack Environmental Associates, NexGen Energy Ltd., and Fission Uranium Corp. will amplify the impact of conservation efforts. Through training, mentorship, and community engagement, the initiative will help the Nuh Nene Department in its goal of safeguarding cultural identity and the natural environment.

    Project title: Pheasant Rump Nakota First Nation Community-Based Guardians Initiative
    Recipient: Pheasant Rump Nakota First Nation
    Funding amount: $350,000
    Project description: This two-year initiative aims to enhance capacity-building by training and employing youth to collect and analyze data about climate change and industrial impacts in the territory. Data will be used to draft a Land Use Management Plan to inform the Chief and Council’s decision-making on stewardship initiatives and habitat management to ensure sustainable sources of traditional food for the community.

    Project title: Muskowekwan First Nation Community-Based Guardians Initiative
    Recipient: Muskowekwan First Nation
    Funding amount: $350,000
    Project description: This two-year initiative aims to enhance capacity-building for community members to monitor and understand the impacts of climate change. This will provide youth with an opportunity to be trained in Indigenous Knowledge, western science, and climate and environmental monitoring practices, including Geographic Information Systems (GIS) and remote sensing, participatory mapping, and knowledge gathering.

    Yukon

    Project title: Teechik Land Guardians: Nanh gwiinzii vik’ite’tri’giikhii (We Read the Land Well)
    Recipient: Vuntut Gwitchin First Nation
    Funding amount: $349,333
    Project description: This two-year initiative will operate a network of camera traps to monitor predator–prey interactions on the Old Crow winter road and conduct baseline fish and water sampling at the headwaters of the Porcupine River. The Guardian Coordinator will be tasked with organizing patrols, analyzing monitoring data, and preparing communication material for community members and leaders. This capacity-building will strengthen monitoring efforts by enabling the initiative to process more samples, improve use of camera data, and allow Guardians to establish an annual trapping camp to expand into furbearer monitoring.

    MIL OSI Canada News

  • MIL-OSI Canada: Funding for First Nations Guardians now managed by world’s first Indigenous-led national stewardship network

    Source: Government of Canada News

    News release

    September 27, 2024 – Thunder Bay, Ontario

    Indigenous peoples are at the forefront of the fight against biodiversity loss and climate change. Across the country, First Nations, Inuit, and Métis are on the ground managing land, water, and helping communities thrive while safeguarding the natural spaces we all depend on for current and future generations.

    Today, Jaimee Gaunce, Executive Director of the First Nations National Guardians Network (NGN), joined the Honourable Steven Guilbeault, Minister of Environment and Climate Change; the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario; and Marcus Powlowski, Member of Parliament for Thunder Bay—Rainy River, to announce the investment of up to $27.6 million to support 80 First Nations Guardians initiatives.

    This investment will support 18 new and 62 existing initiatives to safeguard the land, water, and wildlife within First Nation territories while also creating meaningful employment opportunities in remote areas.

    Executive Director Gaunce, Minister Guilbeault, Minister Hajdu, and Member of Parliament Powlowski were also joined by Valérie Courtois, Executive Director of the Indigenous Leadership Initiative; Bertha Sutherland of Constance Lake First Nation; and Dr. Robert Stewart of BZA-Rocky Bay First Nation. This announcement marks a significant milestone, as it is the first time First Nations Guardians’ funding has been independently managed by the National Guardians Network, the world’s first Indigenous-led national stewardship network.

    Longstanding initiatives, such as the Matawa First Nations’ Four Rivers Regional Guardians Network are concrete examples of Guardians’ initiatives in action—acting as the “eyes and ears” on the ground by monitoring ecological health and working to preserve and pass on Indigenous knowledge and nature-based learning to inspire future Guardians.

    For over a decade, Four Rivers Regional Guardians Network has led environmental stewardship and capacity-building for nine Matawa member First Nations in Northern Ontario. With this new investment, Four Rivers will strengthen its support for land, water, and wildlife stewardship within these communities; acquire vital monitoring equipment and other resources; deliver support and training; and standardize monitoring approaches, methods, and data collection and organization.

    The Indigenous Guardians initiative is an important pathway for Indigenous peoples to continue to exercise their rights and responsibilities in stewardship of their traditional lands, and a key component of Canada’s commitment to and implementation of the United Nations Declaration on the Rights of Indigenous Peoples.

    Quotes

    “Indigenous-led stewardship offers profound and transformative benefits for communities and the environment and Guardians are a cornerstone of these efforts. I extend my heartfelt congratulations to the First Nations National Guardians Network for their dedication and success in administering this year’s program. This achievement will ensure that future generations benefit from healthy land and water and stands as a powerful testament to self determination in action.”
    – The Honourable Steven Guilbeault, Minister of Environment and Climate Change

    “The Guardians are on the frontlines of conservation efforts, and by placing this responsibility in their hands, we affirm their knowledge, capacity, and connection to the land. Supporting the leadership and expertise of Indigenous peoples creates a more holistic and sustainable approach to conservation by considering ecosystem health, community well-being, and economic sustainability. Today’s investment not only strengthens environmental protection but also supports meaningful job creation in Indigenous and northern communities.”
    – The Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario

    “Today marks a major milestone. This is the first round of Guardians’ funding fully administered by the First Nations National Guardians Network. We are proud to fulfill this responsibility. And we welcome the federal commitment to the National Guardians Network as a recognition that First Nations have the expertise, capacity, and knowledge to take the lead in the responsible management of stewardship investments.”
    – Jaimee Gaunce, Executive Director, First Nations National Guardians Network

    “We congratulate the First Nations National Guardians Network on ensuring more Guardians are caring for lands and waters across the country. And we welcome the example the relationship between the Government of Canada and the Network is setting. As countries prepare to attend COP16, the United Nations Biodiversity Conference in October, this approach in partnership with First Nations offers a successful model of how respecting Indigenous leadership and Nationhood creates on-the-ground benefits for lands and waters and communities.”
    – Valérie Courtois, Executive Director, Indigenous Leadership Initiative

    “With today’s announcement, we recognize the essential role of Indigenous leadership in protecting biodiversity and promoting sustainability. I am happy to see the incredible impact this investment will have on local communities and future generations.”
    – Marcus Powlowski, Member of Parliament for Thunder Bay—Rainy River

    Quick facts

    • In December 2022, Minister Guilbeault jointly announced the launch of a new First Nations National Guardians Network with Valérie Courtois, the Founding Director of the Indigenous Leadership Initiative.

    • Environment and Climate Change Canada has invested more than $91.6 million in over 240 First Nations, Inuit, and Métis Guardians initiatives since 2018.

    • Combined, these investments have helped support the creation of almost 1,500 traditionally and culturally meaningful employment opportunities, while protecting nature and wildlife.

    • The federal government expanded its support for Indigenous Guardians in 2021, committing up to $100 million to support new and existing Indigenous Guardians initiatives and the establishment of Indigenous Guardians networks.

    • Funding and decision-making are implemented jointly with First Nations, Inuit, and Métis using a distinctions-based approach that respects and recognizes the unique perspectives, rights, responsibilities, and needs of Indigenous peoples.

    • These types of Indigenous-led stewardship initiatives integrate ecosystem health, community well-being, and economic sustainability, creating a more holistic and sustainable approach to conservation.

    • Canada has committed to conserving 30 percent of its land and water by 2030.

    Related products

    Associated links

    Contacts

    Oliver Anderson
    Director of Communications
    Office of the Minister of Environment and Climate Change
    819-962-0686
    Oliver.Anderson@ec.gc.ca

    Media Relations
    Environment and Climate Change Canada
    819-938-3338 or 1-844-836-7799 (toll-free)
    media@ec.gc.ca

    Environment and Climate Change Canada’s X (Twitter) page

    Environment and Climate Change Canada’s Facebook page

    MIL OSI Canada News

  • MIL-OSI United Kingdom: ​​​​​​​It’s ‘goodbye’ to Staffordshire Wildlife Trust as Council talks with new tenants for city beauty spot.

    Source: City of Stoke-on-Trent

    Published: Friday, 27th September 2024

    After 15 years running the popular café at Westport Lake, Staffordshire Wildlife Trust is moving on, but say it’s been the best experience getting to serve the local community.

    After 15 years running the popular café at Westport Lake, Staffordshire Wildlife Trust is moving on, but say it’s been the best experience getting to serve the local community.

    The charity will officially stop trading at the site’s café on Sunday (September 29) following their decision to streamline their activities and focus on other nature restoration and community engagement projects across the City.

    The council has been working behind the scenes to help limit the impact on visitors and is now in talks with new tenants who are due to take on the lease early next year.

    Prior to any further announcement there will be some remedial works the council will need to carry out as part of the new lease arrangements.

    Leader of the Council, Councillor Jane Ashworth, said: “We want to thank Staffordshire Wildlife Trust for all their dedication and hard work over the years and they will be sadly missed.

    “Westport Lake is a local beauty spot that is close to my heart and we will be doing everything we can to ensure that new tenants keep this special place vibrant for visitors to enjoy.

    “Westport Lake is a unique and wonderful escape for visitors and is a magnet for wildlife, all the more reason for ensuring that we maintain this attraction as a place where people want to spend time to relax and appreciate nature.

    “The council will now be working hard to ensure the premises are suitable for the new tenant who will be revealed once all the necessary agreements are in place.

    “Stoke-on-Trent City Council would like to wish Staffordshire Wildlife Trust all the best in their future endeavours, and the work they do locally to protect the county’s wildlife and wild places.”

    Staffordshire Wildlife Trust Chief Executive Julian Woolford said: “We’re sad to be leaving Westport Lake Visitor Centre. It’s been a great base for the Trust, and over the years it has enabled us to connect with many thousands of people from the local community. 

    “While we’re leaving this site, we’ll still be in Stoke running lots of events as part of our community outreach. We continue to work in schools and we are also scoping out further river restoration work with partners. We’re also excited to be working with Stoke-on-Trent City Council to explore how nature can be included in the centenary celebrations next year. 

    “I would like to say a personal thank you to all the café staff for their hard work and dedication over the years, and their professionalism since the closure was announced. Finally thank you to all the customers who visited.”

    While Staffordshire Wildlife Trust vacate the building, the café toilets will be out of action. However, the Council will be installing temporary toilets for visitors to use from Monday 30 September, which will be available to visitors until the café facilities reopen in the new year.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Making Sheffield fairer and healthier – launch of 10-year plan Making Sheffield fairer and healthier – launch of 10-year plan The city now has … 27 September 2024

    Source: City of Sheffield

    Making Sheffield fairer and healthier – launch of 10-year plan

    The city now has a 10-year plan to create a fairer and healthier Sheffield.

    The Fair and Healthy Sheffield Plan, launched this week at The Sheffield Joint Health and Wellbeing Board, intends to close the unfair gaps in length and quality of life by prioritising improvements to the health and wellbeing of those who need it the most first.

    The plan highlights the need for ‘brave and compassionate leadership’, recognises that good health and wellbeing depends on many aspects of people’s lives and emphasises how important it is for people to know how they can be part of making the changes that they want to see.

    The Sheffield City Goals show that fairness and health really matter to Sheffield as a city and that the current situation is not fair. Some people in Sheffield die younger and have worse health than others for many reasons including the impact of racism and discrimination, living in poverty, not getting a good education, having low-paying and insecure jobs, living in poor housing, the accessibility of quality food, the support from family and friends, what their local area is like, and how easy it is to access health and social care.

    Greg Fell, Director of Public Health and Integrated Commissioning for Sheffield, said: “People consistently tell me how important good health is to them and we know that the unfair gaps we have here don’t have to exist. We can do something about it.

    “Everyone in the city needs to do things differently to make Sheffield fairer and heathier. There’s plenty to do, working together across sectors and with communities. Greater and fairer investment in creating health and wellbeing and preventing illness is needed and of course, being on top of the data we hold, keeping it up to date, measuring and reporting back on the changing Sheffield picture over time is how we will really make progress and keep on track. It’s essential we get this right and that we review constantly based on our learning and people’s feedback.

    “All of this will help us to create a different future, and we must do it together.”

    The Sheffield Joint Health and Wellbeing Board is made up of organisations from across Sheffield, working together to make Sheffield fairer and healthier. These include Sheffield City Council, the NHS, Healthwatch, the University of Sheffield, Sheffield Hallam University, the Voluntary and Community sector, and South Yorkshire Police. Every member is an equal partner as everyone brings an important point of view.

    Councillor Angela Argenzio, Co-Chair of The Sheffield Joint Health and Wellbeing Board and Chair of the Adult Health and Social Care Policy Committee at Sheffield City Council, said: “Now that we have approved this plan today, we can act on the commitments set out in the plan. The main message from all of us is that we must do what needs to be done together. We will only be successful if we take this approach. Already there is excellent work taking place in our communities and we must build on that using the ‘building blocks’ talked about at the Board meeting yesterday.

    “I urge people to get involved with the work of the Board, it’s there for you to attend and engage with it and we know that doing things together will mean that we do things much better.

    “Constant feedback is required. We’re asking you to tell us what we’re doing well, what isn’t so good and what changes you would like to see. We intend to update the priorities in the plan every three years, and you can help us do that properly.

    “We want to be responsive and highlight the opportunities that there are for you to be part of making a difference in your life, family, or your community. Please talk with us about what matters to you so that you can have a healthier life and if you have lived experiences about any aspect of health and wellbeing and what that means to you, come to the Board and talk with us.”

    Helen Sims, Chief Executive of Voluntary Action Sheffield, said: “In the community and voluntary sector, we work with communities by listening to people and making sure that people with the greatest barriers to health are empowered to build care and support around them. People working together in communities through social action are so powerful. It’s incredible what people can achieve when they have a common belief and goal and opportunity to participate in creating good health.

    “This plan will hopefully make it easier for our communities to connect with the Board so that it can support them in different ways and connect them with others who are working towards similar goals. At VAS, we will be working with voluntary sector partners out in our communities, to talk about this plan and the City Goals so that people understand the city’s current and future challenges. We’ll invite their feedback and comments and discuss at the Board, and welcome greater participation of people directly at Board meetings to talk about their experiences, concerns, and action.”

    Zak McMurray, Co-Chair of The Sheffield Joint Health and Wellbeing Board and Sheffield place Medical Director within the South Yorkshire Integrated Care Board, said: “I welcome the approach outlined in this new 10-year plan. Creating better health in our neighbourhoods and communities is key and we must do it together. Creating and improving our health is something we need to do as individuals as far as we can and to do that in conjunction where needed with those who can support our health, such as GPs, health services and prevention services.

    “We must shift our focus from being done ‘to’ when it comes to health and instead focus on creating health ‘with’ others, our communities, our health providers. It’s a two-way thing. That said, how services are set up and run affects the unfair gaps in health and wellbeing between different groups of people, and that’s where the health organisations in the city must work hard to make it as easy as possible for those who need NHS and social care services to access them.”

    The Fair and Healthy Sheffield Plan and information about The Sheffield Joint Health and Wellbeing Board meetings and events is at https://health-wellbeing.sheffield.gov.uk

    MIL OSI United Kingdom

  • MIL-OSI Russia: Moscow radiologists processed 13 million studies using artificial intelligence

    MILES AXLE Translation. Region: Russian Federation –

    Source: Center for Diagnostics and Telemedicine of the Moscow Department of Health (DZM)

    The use of artificial intelligence (AI) has significantly improved the processing of medical imaging results in Moscow: since 2020, radiologists have analyzed more than 13 million studies. According to Anastasia Rakova, Deputy Mayor of Moscow for Social Development, the integration of AI technologies has changed the process of detecting diseases.

    “Today, disease diagnostics, including diagnostic radiology, largely depend on the use of artificial intelligence,” Rakova explained. The services introduced in 2020 played an important role in the analysis of medical images, and since 2023 they have been included in the CME tariff for mammography as a second opinion. “In addition, since May 2024, AI has been operating in an experimental mode to autonomously determine norms for fluorography and chest X-ray.” To date, AI has helped doctors analyze more than 13 million radiation studies, increasing the accuracy of diagnostics and making it more accessible to citizens.

    AI-powered services have not only accelerated the processing of large volumes of data, but also increased the accuracy of diagnostics, especially in the early stages of diseases, making it more accessible to citizens. AI-powered diagnostic tools can detect signs of 38 different diseases, including lung and breast cancer, pneumonia, osteoporosis of the spine, and herniated discs. Moreover, comprehensive AI services can detect up to 12 pathologies on a single medical image.

    “Integrated solutions based on artificial intelligence are very useful for radiologists,” says Yuri Vasiliev, senior consultant in radiology at the Moscow Department of Health, general director of the Center for Diagnostics and Telemedicine at the Moscow Department of Health. “These services allow radiologists to detect signs of several pathologies simultaneously in one image, which allows for early detection of diseases and timely monitoring of patients’ condition.”

    The development of artificial intelligence services in Moscow is part of an ongoing experiment to introduce computer vision technologies into medicine, launched by the Moscow Department of Social Development together with the Center for Diagnostics and Telemedicine with the support of the city’s Department of Information Technology.

    The use of digital technologies and artificial intelligence to improve the quality of life of city residents is in line with the goals of the national program “Digital Economy of the Russian Federation” and the capital’s regional project “Digital Public Administration”.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: Do we need stock exchange trading on weekends: Bank of Russia survey

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    In recent years, new trends have emerged on the Russian stock market. Brokers have begun to independently match client orders for the sale and purchase of securities without going to organized trades. The Bank of Russia is actively discussing with market participants the possibility of expanding the time limits of trading sessions on the exchange. However, this issue affects the interests of a wide range of both institutional and retail investors. The regulator intends to determine its position based on a comprehensive analysis of the problem.

    Preview photo: Quality Stock Arts / Shutterstock / Fotodom

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.kbr.ru/press/event/?id=21035

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

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: Loan Volume Increases as Collateral Values Rise: Pawnshop Market Trends in H1 2024

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    The loan portfolio has grown by 13% since the beginning of the year and amounted to 62.6 billion rubles. Demand for loans remains stable: in the first half of 2024, pawnshops concluded slightly more than 4 million contracts per quarter on average. The average loan amount increased by 8% compared to the previous period and exceeded 17 thousand rubles. This dynamic is due to the increase in the cost of collateral – mainly gold items.

    According to a survey conducted by the Bank of Russia, pawnshops identify three main factors that determine the demand for their services: the income level of the population, financial accessibility and the debt burden of the population.

    Read more in the article “Trends in the development of the pawnshop market”.

    Preview photo: LanKS / Shutterstock / Fotodom

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.kbr.ru/press/event/?id=21037

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

    MIL OSI Russia News

  • MIL-OSI: Invesco Ltd: Form 8.3 – Rightmove PLC ;Public dealing disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Invesco Ltd.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
       
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree
    Rightmove PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    26.09.2024  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”
    Yes, REA Group Ltd  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 0.1p ordinary GB00BGDT3G23  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 24,029,158 3.04      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 24,029,158 3.04      
       
    All interests and all short positions should be disclosed.

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

     
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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

     
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    0.1p ordinary GB00BGDT3G23 Sale 174,906 6.74 GBP  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (b) Agreements, arrangements, or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 27.09.2024  
    Contact name Philippa Holmes  
    Telephone number +441491417447  
       

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

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

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

    The MIL Network

  • MIL-OSI: Falcon Oil & Gas Ltd. – Notice of Special Meeting of Shareholders and Management Information Circular

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd.
    (“Falcon”)

    Notice of Special Meeting of Shareholders and Management Information Circular

    27 September 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) will hold a special meeting of shareholders at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland on 29 October 2024 at 11:00 a.m. (Dublin time). A complete notice and related documents are now available on SEDAR+ at www.sedarplus.ca and Falcon’s website at www.falconoilandgas.com and are being sent to shareholders of record as at 19 September 2024.

    Falcon will conduct a Q&A via the Investor Meet Company platform later that day for those unable to attend the meeting in person, details will be announced in due course.

    Ends.

    For further information, please contact:

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Joint Broker)
    Neil McDonald / Adam Rae +44 131 220 9771
       
    Tennyson Securities (Joint Broker)  
    Peter Krens +44 20 7186 9033

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd. is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd. is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.

    For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network

  • MIL-OSI: Qifu Technology Responds to Short Seller Report

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, Sept. 27, 2024 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today issues the following preliminary responses to the key claims made in a report (the “Report”) by Grizzly Research, a short seller, on September 26, 2024.

    The Company believes that the Report is without merit and contains inaccurate information, flawed analyses, misleading conclusions and interpretations regarding information relating to the Company. Specifically:

    The SAMR (SAIC) Financial Data Used in the Report is Completely Wrong.

    The Report makes material mistakes in referring to incorrect financial data (i.e. the combined revenues and net profits) from the filings with the State Administration for Market Regulation (“SAMR”), formerly known as the State Administration for Industry and Commerce (“SAIC”) submitted by the operating entities of the Company. In fact, as the Company’s SAMR filing records demonstrate, the Company’ s major operating entities in China collectively reported total revenues of RMB 17.0 billion in 2022 and RMB 16.0 billion in 2023, with corresponding net profits of RMB 5.2 billion and RMB 4.7 billion, respectively. These revenues and net profits were recorded under PRC GAAP.

    According to the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), for the years 2022 and 2023, under U.S. GAAP and on a consolidated basis, the Company recorded total revenues of RMB16.6 billion and RMB16.3 billion, respectively, and net profits of RMB4.0 billion and RMB4.3 billion, respectively. The differences in total revenues and net profits between the filings with the SAMR and those with the SEC are primarily attributable to differences in accounting treatments under PRC GAAP and U.S. GAAP, as well as the fact that the Company’s major operating entities in China reflected in the SAMR filings do not represent all of the Company’s subsidiaries and consolidated affiliated entities in China.

    The Company has consistently generated robust operating cash flow in recent years and delivered significant returns to shareholders through dividends and stock repurchases. As of the date of this press release, in 2024, the Company has spent more than US$300 million to repurchase its America Depositary Shares (ADSs) on the open market and distributed approximately US$180 million cash dividends to shareholders. The Company’s strong commitment to, and proven track record of, shareholder returns further underscore the baseless nature of the claims made in the Report.

    Rebuttal of Unsubstantiated Media Reports about the Company’s Regional Headquarters

    The Report cites certain media reports about the Company’s regional headquarters in Shanghai that are false and unsubstantiated. In fact, as disclosed in the Company’s filings with the SEC, in October 2020, the Company established a joint venture in Shanghai, together with one of 360 Group entities and an independent third party, to build its regional headquarters and an affiliated industrial park to support the future operations of the Company and 360 Group. The Company and the 360 Group entity held 40% and 30% of the equity interest in the joint venture, respectively. In December 2021, considering the Company’s significant business expansion in Shanghai, the Company acquired the entire 30% equity interest held by the 360 Group entity in the joint venture. Consequently, these facilities will enable the Company to consolidate all its Shanghai-based departments and employees, who are currently dispersed across different locations, into a single office space. The Company believes this will further reduce administrative costs and improve operational efficiency.

    Both the co-investment with the 360 Group in October 2020 and the acquisition of the equity interest in the joint venture from the 360 Group in December 2021 were negotiated and conducted at arm’s length and were approved by the board of directors and the audit committee of the Company.

    The Report also makes a false claim that the Company has acquired another piece of land in the Huangpu District of Shanghai. In fact, the Company did not acquire any land in the Huangpu District of Shanghai.

    Rebuttal of Unsubstantiated Financial Manipulation Claim and Relationship between Shanghai Qibutianxia and the Company

    The claim made in the Report that the Company uses Shanghai Qibutianxia Information Technology Co., Ltd.  (“Shanghai Qibutianxia,” formerly known as Beijing Qibutianxia Technology Co., Ltd.) to manipulate its financial statements is false and unsubstantiated.

    In fact, Shanghai Qibutianxia was the holding company for the Company’s operating entities in China prior to the Company’s reorganization in 2018 for financing and offshore listing on Nasdaq. In July 2016, as a spin-off from 360 Group, Shanghai Qibutianxia incorporated Shanghai Qiyu Information & Technology Co., Ltd. (“Shanghai Qiyu”), and thereafter, the Company started operating independently under Shanghai Qiyu.

    In April 2018, to facilitate the Company’s financing and offshore listing on Nasdaq, a holding company under the Company’s former name, 360 Finance, Inc. was incorporated in the Cayman Islands. As part of the reorganization, the Cayman holding company incorporated an indirectly wholly-owned subsidiary in China, namely Shanghai Qiyue Information & Technology Co., Ltd. (“Shanghai Qiyue”). Shanghai Qiyue entered into a series of “VIE” contractual arrangements with the Company’s three major operating entities in China and their shareholder Shanghai Qibutianxia. As a result, these major operating entities in China became the Company’s VIEs, and Shanghai Qibutianxia remained the nominal shareholder of these VIEs. The contractual arrangements enable the Company to exercise effective control over the Company’s VIEs; receive substantially all of the economic benefits and powers to exercise voting rights of the Company’s VIEs from Shanghai Qibutianxia, and have an exclusive option to purchase all or part of the equity interests in and assets of them when and to the extent permitted by PRC law.

    In addition, the Report erroneously claims that the Company utilized the back-to-back guarantee arrangement with Shanghai Qibutianxia to manipulate its financial statements. In fact, prior to 2023, certain financial institutions required the nominal shareholder of our operating entities (i.e., Shanghai Qibutianxia) to supplementally provide back-to-back guarantees for certain loans facilitated and guaranteed by the Company’s operating entities. Specifically, Shanghai Qibutianxia committed to cover any shortfall if the Company’s operating entities fail to meet its guaranteed repayment obligations to the banks on time. This back-to-back guarantee arrangement did not increase the Company’s risk exposures, nor did it transfer any interest to Shanghai Qibutianxia. As of the date of this press release, there is no outstanding balance under this arrangement.

    The Report erroneously states that Mr. Hongyi Zhou is the controlling shareholder of the Company. In fact, The Company does not have a controlling shareholder. According to the Company’s annual report on Form 20-F filed with the SEC on April 26, 2024, Mr. Hongyi Zhou beneficially owned approximately 13.8% of total ordinary shares of the Company as of February 29, 2024. Mr. Hongyi Zhou was the chairman of the board directors of the Company, but has not been involved day-to-day operations of the company. As announced by the Company on August 13, 2024, Mr. Hongyi Zhou has resigned as a director and the chairman of the board of directors of the Company.

    Rebuttal of Unsubstantiated Claim about Delinquency Rates and Provisions

    The claim made in the Report in relation to the Company’s delinquency rates and provision booking exhibits a fundamental misunderstanding of the Company’s financial practices and the relevant accounting standards. Specifically:

    • The Report inaccurately calculated the Company’s provision ratios by using the total reported provisions to calculate the provision ratio for each period.
    • The Report erroneously included provisions for contingent liabilities in the analysis of receivables provisioning.
    • The Report’s focus on a backward-looking 90 day+ delinquency rate is misplaced.
    • The Report’s claim that the Company’s reported profits are fabricated to account for the missing cash is completely false and unsubstantiated.

    Provision Ratios

    The Report inaccurately calculated the Company’s provision ratios by using the total reported provisions to calculate the provision ratio for each period, which is fundamentally incorrect. According to the accounting standards under U.S. GAAP, each reported provision item reflects the net result of new provisions booked for current period loans and the revision of provisions for existing loans. The Company maintains clear and distinct categories for provisions related to the Company’s loan products: (i) provision for loan receivable, relating solely to the Company’s on-balance sheet loans; (ii) provision for financial assets receivable, relating to the guarantee service fees; (iii) provision for accounts receivable and contract assets, relating to, relating to the loan facilitation service fees;; and (iv) provision for contingent liabilities, relating to the off-balance sheet loans for which the Company provides guarantee services.

    The following chart delineates the components of the Company’s reported provisions for 2022, 2023, and the first half of 2023 and 2024, demonstrating compliance with accounting standards:

    (RMB in millions) 2022   2023   First Half
    of 2023
      First Half
    of 2024
     
    New Provisions for Current Period New Loans 7,355   7,647   3,573   2,694  
    Revision of Previous Provisions (write-back) (771 ) (1,880 ) (936 ) (489 )
    Net Provisions 6,584   5,767   2,636   2,205  
    Provision for Loans Receivable 1,580   2,151   1,002   1,697  
    Provision for Financial Assets Receivable 398   386   151   169  
    Provision for Accounts Receivable and Contract Assets 238   176   45   235  
    Provision for Contingent Liabilities 4,368   3,054   1,438   103  
    New Provisions Booking Ratio                
    Provision Ratio for Loan Receivable1 2.9 % 2.9 % 2.8 % 3.4 %
    Provision Ratio for Contingent Liabilities2 4.1 % 4.0 % 3.7 % 4.1 %
                     

    __________________
    Notes:
    1. “Provision Ratio for Loan Receivable” refers to the total amount of new provisions for loan receivable for a specific period divided by the loan facilitation volume of on-balance sheet loans for that period.
    2. “Provision Ratio for Contingent Liabilities” refers to the total amount of new provisions for contingent liabilities for a specific period divided by capital-heavy loan facilitation volume for that period.

    Provisions for Contingent Liabilities

    In addition, the Report erroneously included provisions for contingent liabilities in the analysis of receivables provisioning. In fact, provisions for contingent liabilities pertain only to off-balance sheet loans that the Company guarantees. These provisions are entirely separate from receivables on the balance sheet and should not be conflated. In fact, the Company has consistently applied a prudent approach to managing business risks and financial provisions. The historical data listed above also showcases the Company’s commitment to maintaining appropriate provision ratios against the Company’s risk-bearing loans.

    Delinquency Rate

    The Report’s focus on a backward-looking 90 day+ delinquency rate1 is misplaced. The Company prioritizes leading risk indicators that provide a proactive view of credit risk, such as: (i) Day-1 delinquency rate2, which measures delinquency based on the day before the reporting period, offering a real-time risk assessment; and (ii) 30 day collection rate3, which tracks the efficiency of collections within a short timeframe, enabling timely interventions. These forward-looking metrics provide a more accurate and actionable assessment of credit risk compared to traditional delinquency rates. In fact, the Company’s D-1 delinquency rate and 30 day collection rate in the past two quarters both indicate the improving quality of the Company’s loan portfolios.

    Decreases in Cash

    The Report’s claim that the Company’s reported profits are fabricated to account for the missing cash is completely false and unsubstantiated. The Company’s cash and cash equivalent decreased from RMB10.5 billion as of December 31, 2022 to RMB 8.4 billion as of June 30, 2024 primarily because the growth in the Company’s on-balance sheet loans, cash dividends distributed to shareholders, and stock repurchase program. Specifically, the Company’s on-balance sheet loan balances increased from RMB19.5 billion as of December 31, 2022 to RMB32.1 billion as of June 30, 2024. In addition, from December 31, 2022 to June 30, 2024, the Company has distributed approximately RMB3.6 billion to shareholders through dividends and share buybacks, resulting in a reduction in cash and cash equivalent.

    Non-Risk-Bearing Loans are Irrelevant to Leverage Ratio

    The claim made in the Report that the Company’s is secretly overleveraged lacks factual basis and misunderstands the Company’s financial structure and risk management strategies. Specifically, the Report erroneously uses the total outstanding loan balances facilitated by the Company for calculating its leverage ratio. By definition, the leverage ratio is relevant only to risk-bearing assets, which include both on-balance sheet loans and capital-heavy loan facilitation. As disclosed in the Company’s filings with the SEC, the outstanding balances of the Company’s risk-bearing loans accounted for only 34.2% of the total outstanding loan balances facilitated by the Company as of June 30, 2024. As of the same date, the Company’s leverage ratio was 2.4, reaching a historical low. The company employs robust risk management frameworks to monitor and control leverage, ensuring sustainability and financial stability.

    Rebuttal of Unsubstantiated Claim About Loan Annual Interest Rates

    The claim made in the Report that the Company issues loans at rates that exceed legal limits is categorically false and misleading. For example, the Report falsely claimed that regulatory guidance in China stipulates that the interest rate for the Company’s businesses should not exceed four times the one-year Loan Prime Rate at the time of the establishment of an agreement (the “Quadruple LPR Limit”). In fact, the Chinese Supreme People’s Court issued a guidance in December 2020, stipulating that the Quadruple LPR Limit does not apply to disputes arising from engagement in relevant financial businesses of certain financial institutions, including micro-lending companies and financing guarantee companies, such as the Company’s operating entities. The Company operates in strict compliance with all regulatory requirements that governs loan annual interest rate limits.

    The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations. To protect the interests of the Company and its shareholders, the Company will vigorously defend itself against false and baseless claims made by short seller reports.

    The Company’s board of directors (the “Board”), including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the U.S. Securities and Exchange Commission, The Nasdaq Stock Market, and The Stock Exchange of Hong Kong Limited.

    About Qifu Technology

    Qifu Technology is a leading Credit-Tech platform in China that provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: https://ir.qifu.tech.

    Safe Harbor Statement

    Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the SEC, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please contact:

    Qifu Technology

    E-mail: ir@360shuke.com

    _____________________________________
    1 “90 day+ delinquency rate” refers to the outstanding principal balance of on- and off-balance sheet loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of on- and off-balance sheet loans across our platform as of a specific date. Loans that are charged-off and loans under “ICE” and other technology solutions are not included in the delinquency rate calculation.
    2Day-1 delinquency rate” is defined as (i) the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that was due for repayment as of such specified date.
    3 “30 day collection rate” is defined as (i) the amount of principal that was repaid in one month among the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that became overdue as of such specified date.

    The MIL Network

  • MIL-OSI Banking: BaFin warns consumers about websites westhill-pros.net and kaiser-investrade.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The operator of the website westhill-pros.net refers to itself only as “Westhill Pros” without stating the company’s legal form and provides business addresses in Sydney, Australia, in Stockholm, Sweden, and in London, United Kingdom. Responsibility for the website kaiser-investrade.com is claimed by Kaiser Invest Trade, which likewise does not state the company’s legal form. The company claims to be domiciled in London, United Kingdom, without providing a specific business address.

    BaFin has recently become aware of a number of websites with almost identical content and has warned consumers about them. On all of the websites, the following sentence is displayed at the top of the homepage: “Step Into the Trading Arena with Confidence & [name of website]“.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation 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 (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) 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 Global Banks

  • MIL-OSI Banking: finacix.com: BaFin warns about website and suspected identity theft

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The website contains contradictory information on the identity of the provider. According to the “Risk Warning”, the website is operated by Finance and Investment Solutions Ltd., while the “Website Terms of Use” names Finacix Ltd. as operator.

    Finance and Investment Solutions Ltd. claims to be registered with the British Financial Conduct Authority (FCA). Since a company by this name is indeed registered with the FCA, BaFin suspects this to be a case of identity theft.

    Finacix Ltd., on the other hand, claims to be registered with the “Securities Commission of the United Kingdom (SCUK)”. There is no such authority in the United Kingdom. The website states an address in London, United Kingdom, as the company’s registered office.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation 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 (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) 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 Global Banks

  • MIL-OSI Banking: BaFin warns consumers about website arrowfortune.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about services offered on the website arrowfortune.com. According to information available to BaFin, the operator, Arrow Fortune Limited, is offering financial and investment services on this website without authorisation.

    On its website, Arrow Fortune Limited provides a business address in London, United Kingdom. The company also claims to be registered in St. Vincent and the Grenadines and that it is regulated by BaFin, among others. However, this is not the case.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation 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 (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) 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 Global Banks

  • MIL-OSI Global: Autoworkers, Boeing machinists, cannabis drivers: Labor unions are mobilizing in new and old industries alike

    Source: The Conversation – USA – By Robert Forrant, Professor of U.S. History and Labor Studies, UMass Lowell

    Members and supporters of an International Association of Machinists and Aerospace Workers union district local convene in Seattle on July 17, 2024. Jason Redmond/AFP via Getty Images

    What do violinists, grocery store clerks, college dorm counselors, nurses, teachers, hotel housekeepers, dockworkers, TV writers, autoworkers, Amazon warehouse workers and Boeing workers have in common?

    In the past year or so, they’ve all gone on strike, tried to get co-workers to join a union, or threatened to walk off the job over an array of issues that include retirement plans, technology replacing workers and lagging wages as inflation increased.

    The array of Americans who are organizing unions extends to the tech, digital media and cannabis industries. Even climbing gym employees have formed a union.

    This is happening as U.S. workers in general are finding themselves in an increasingly precarious position. As a labor historian, I believe mobilization is the result of economic disruption caused by the relocation of jobs, the impact of new technologies on work and the erosion of income stability. It’s become very unlikely that today’s workers will have the same employer for decades, as my father and many men and women of his generation did.

    Greatest generation of jobs

    My father, a butcher, worked for the same company for 40 years and raised a family of seven on his union-secured wages and benefits. While back in the 1950s and 1960s many working-class Americans took that kind of job security for granted, it’s no longer the case. Some career coaches consider keeping a job for many years as a character flaw.

    The upsurge in labor organizing is in part a way for workers to gain some sort of say about what happens to their jobs. It’s also helping employees plan for the future.

    Union members are increasingly using strikes to demand higher wages, better benefits and increased job security. Why should it be, some low-income earners are asking, that in my family we must hold down two or three jobs to make ends meet, while CEO pay goes through the stratosphere?

    There were 33 major strikes involving nearly a half-million workers in 2023, the most since 2000. Many labor scholars attribute much of this uptick in organizing to several long-term trends. They include stagnating wages, high out-of-pocket health spending costs – even for those with insurance coverage – and growing concerns over job insecurity caused by the expanded use of labor-saving technology.

    Hundreds of Los Angeles County workers rally on Sept. 24, 2024, to show support for their union, SEIU, to hold a strike. Many held signs regarding alleged unfair labor practices, abbreviated to ULP.
    Genaro Molina/Los Angeles Times via Getty Images

    Precarious work

    In many industries, large numbers of the reliable jobs that paid enough for workers to be in the middle class have dwindled. That’s largely due to technological advances that replaced labor with automation and manufacturers moving to lower-income places, including Mexico, China and other foreign countries, as well as southern states such as Alabama and Tennessee. These trends have left behind a Rust Belt strewn with decaying buildings that once housed bustling factories and increasing numbers of what are sometimes called “precarious” jobs, which are poorly paid and lack sick leave, vacation time and other basic protections.

    This isn’t new.

    I’ve researched how New England’s textile industry fled cities such as Lowell, Massachusetts, as early as the 1920s for nonunion locations in South Carolina, while precision metalworking plants in Springfield, Massachusetts, sent work to Mississippi and South Carolina starting in the 1950s.

    But faced with mounting economic uncertainty, public support for unions is increasing. A 2024 Gallup Poll found that 70% of Americans approve of them – close to the 71% level seen in 2022, which was the highest approval rating that unions had gotten in half a century.

    Support is even rising among Americans who identify as Republicans, a political party that has historically frowned on organized labor: Gallup found it stood at 49% in 2024, down from 56% two years earlier but up from a low point of 26% in 2011.

    Hotel workers strike

    On Labor Day weekend in 2024, more than 10,000 hotel workers represented by the UNITE HERE union and employed by 24 hotels from Boston to the West Coast to Hawaii went on strike. Their labor actions disrupted travel plans during a busy time.

    Most hotel work stoppages lasted for three days and intended to pressure the companies that own hotels as part of a larger labor contract negotiation strategy. Later in September, workers kept walking off the job at other hotels to pressure management to improve pay, expand health insurance coverage, boost retirement benefits and agree to resolve important job security issues.

    Although the hotel industry has been booming since 2023, UNITE HERE contends that employment has decreased by nearly 40%, while wages have stagnated. On the picket line, workers have described living paycheck to paycheck and working one or two additional jobs to cover recent rent hikes.

    Hotel workers have more bargaining power today because, according to an industry study, 79% of the 450 hotels surveyed looking to hire people said they could not fill open jobs.

    That strike shows no sign of ending. Thousands more hotel workers were joining in by late September.

    Striking hotel workers make way for an airline crew while picketing outside of the Hilton Boston Park Plaza in Boston, Mass., on Sept. 2, 2024.
    Sophie Park/The Washington Post via Getty Images

    Boeing strike

    Unlike the hotel workers’ brief rolling work stoppages, the Boeing strike hasn’t let up since it began on Sept. 13, 2024. About 32,000 workers, mainly in Seattle, Washington, and Portland, Oregon, have walked off the job.

    Boeing workers declared the strike even though the International Association of Machinists District 751 leadership in Seattle wanted to accept a deal from Boeing’s management. But on Sept. 12, 94.6% of all rank-and-file workers rejected the tentative contract their leadership recommended the union accept.

    The Boeing strike started the next day; it could last a long time. On Sept. 25, the workers rejected what the company had called its “best and final offer” to settle the strike.

    This is the eighth time these workers have gone on strike since their union formed in the 1930s. Its two most recent strikes, in 2008 and 2005, lasted 57 days and 28 days, respectively. Boeing’s management, already reeling from the company’s numerous operational and safety problems, has announced several cost-cutting measures, including furloughs for some nonunion employees.

    Boeing’s nonunion backup plan

    Boeing has assured its shareholders and the public that the strike would not hinder production of the 787 Dreamliner jets at the company’s nonunion factory in South Carolina.

    International Association of Machinists union members have never forgiven Boeing for deciding to build that assembly plant. Operational since 2011, it now employs roughly 6,000 workers. Most of them would have been union members had Boeing built that plant or expanded production in Washington or Oregon, because the existing labor agreement would have covered the new workers.

    However, the agreement did not extend to South Carolina.

    At the time of the decision, a Boeing spokesperson said, its contract with the machinists’ union “acknowledges our right to locate work elsewhere, and that’s what we chose to do in this case because we just couldn’t get the terms from them that we needed.”

    Dockworkers could be next

    The timing of the hotel and Boeing strikes makes them perhaps more visible than they might have been because union members’ votes are coveted by both major parties in the 2024 presidential election.

    Meanwhile, 25,000 dockworkers who belong to the International Longshoremen’s Association are planning a possible shutdown of ports from Boston to Houston on Oct. 1, over the union’s concern for job loss due to automation.

    How job security issues are addressed following this wave of strikes could set the tone for what other hospitality, manufacturing and transportation unions seek when their contracts are up for negotiation again.

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

    ref. Autoworkers, Boeing machinists, cannabis drivers: Labor unions are mobilizing in new and old industries alike – https://theconversation.com/autoworkers-boeing-machinists-cannabis-drivers-labor-unions-are-mobilizing-in-new-and-old-industries-alike-239371

    MIL OSI – Global Reports

  • MIL-OSI Global: Teachers feel most productive when they use AI for teaching strategies

    Source: The Conversation – USA – By Samantha Keppler, Assistant Professor of Technology and Operations, Stephen M. Ross School of Business, University of Michigan

    Saving time is not a given for teachers who rely on artificial intelligence. skynesher/E+ via Getty Images

    Teachers can use generative AI in a variety of ways. They may use it to develop lesson plans and quizzes. Or teachers may rely on a generative AI tool, such as ChatGPT, for insight on how to teach a concept more effectively.

    In our new research, only the teachers doing both of those things reported feeling that they were getting more done. They also told us that their teaching was more effective with AI.

    Over the course of the 2023-2024 school year, we followed 24 teachers at K-12 schools throughout the United States as they wrestled with whether and how to use generative AI for their work. We gave them a standard training session on generative AI in the fall of 2023. We then conducted multiple observations, interviews and surveys throughout the year.

    We found that teachers felt more productive and effective with generative AI when they turned to it for advice. The standard methods to teach to state standards that work for one student, or in one school year, might not work as well in another. Teachers may get stuck and need to try a different approach. Generative AI, it turns out, can be a source of ideas for those alternative approaches.

    While many focus on the productivity benefits of how generative AI can help teachers make quizzes or activities faster, our study points to something different. Teachers feel more productive and effective when their students are learning, and generative AI seems to help some teachers get new ideas about how to advance student learning.

    Why it matters

    K-12 teaching requires creativity, particularly when it comes to tasks such as lesson plans or how to integrate technology into the classroom. Teachers are under pressure to work quickly, however, because they have so many things to do, such as prepare teaching materials, meet with parents and grade students’ schoolwork. Teachers do not have enough time each day to do all of the work that they need to.

    We know that such pressure often makes creativity difficult. This can make teachers feel stuck. Some people, in particular AI experts, view generative AI as a solution to this problem; generative AI is always on call, it works quickly, and it never tires.

    However, this view assumes that teachers will know how to use generative AI effectively to get the solutions they are seeking. Our research reveals that for many teachers, the time it takes to get a satisfactory output from the technology – and revise it to fit their needs – is no shorter than the time it would take to create the materials from scratch on their own. This is why using generative AI to create materials is not enough to get more done.

    By understanding how teachers can effectively use generative AI for advice, schools can make more informed decisions about how to invest in AI for their teachers and how to support teachers in using these new tools. Further, this feeds back to the scientists creating AI tools, who can make better decisions about how to design these systems.

    What still isn’t known

    Many teachers face roadblocks that prevent them from seeing the benefits of generative AI tools such as ChatGPT. These benefits include being able to create better materials faster. The teachers we talked to, however, were all new users of the technology. Teachers who are more familiar with ways to prompt generative AI – we call them “power users” – might have other ways of interacting with the technology that we did not see. We also do not yet know exactly why some teachers move from being new users to proficient users but others do not.

    The Research Brief is a short take on interesting academic work.

    Some of the teachers involved with the initial case study were known to the authors before the start of the case.

    Some of the teachers involved with the initial case study were known to the authors before the start of the case.

    ref. Teachers feel most productive when they use AI for teaching strategies – https://theconversation.com/teachers-feel-most-productive-when-they-use-ai-for-teaching-strategies-236543

    MIL OSI – Global Reports

  • MIL-OSI Global: Why some flowers are so pleasing for Hindu gods and goddesses

    Source: The Conversation – USA – By Robert J. Stephens, Principal Lecturer in Religion, Clemson University

    Hindu devotees offer flowers to gods and goddesses as part of worship rituals. Dinodia Photo/Corbis Documentary via Getty images

    In preparation for the many Hindu fall festivals such as Diwali, Dussehra or Durga Puja, worshipers all over the world will purchase flowers for use in ritual worship in temples, outdoor ceremonies or altars at home.

    Throughout India, markets are always bustling with flower vendors, selling freshly cut marigolds, roses and lotus flowers. Devotees offer flowers and flower garlands to Hindu deities such as Lakshmi, the goddess of wealth; Ganesha, the remover of obstacles; or the warrior goddess Durga.

    India’s wealthiest temple, Sri Venkateswara Temple at Tirumala, in southern India, used 3 tons of flowers during a floral bath and procession ceremony in 2024. The demand for flowers in worship is so high that two sisters from Bengaluru, Yeshodha and Rhea Karuturi, started a subscription-based service in 2019 to provide fresh flowers for puja or ritual worship throughout India.

    Flower decorations at the Sri Venkateswara Temple.

    Hindu texts describe worship with flowers as one of 16 “upacaras” or “services” to the divine. In temple rituals, “pujaris,” priests responsible for conveying the offerings to the deity, place flowers at the feet or drape them in garlands around the neck of the icon of the deity enshrined in the temple. Flowers are placed on a puja table at the feet of the image with the stems facing the devotee.

    As a scholar of South Asian religions, I know that stories found in the “Puranas,” religious texts likely composed between the second and 10th centuries, describe why gods and goddesses favor certain flowers. The Puranas, loosely translated as “Old Tales,” include popular stories about Hindu gods and goddesses, kings and queens, and sages and other cultural heroes.

    Pleasing the gods

    In her study of the use of Sanskrit ritual manuals in central India, the Indologist Gudrun Buhnemann noted that devotees, ancient and modern, observe elaborate rules for the use of flowers in the worship of particular deities.

    For example, the manuals say that basil is favored by the Hindu god Vishnu but should never be offered to the god Ganesha. Lord Shiva grants blessings to those who worship him through offering leaves from the wood apple tree. Wood apple leaves, however, should never be offered to Surya, the Sun.

    The “Skandha Purana” – the longest Purana with about 81,000 verses – is dedicated to the deity Skandha, a son of god Shiva and goddess Parvati. The text provides a gradation of flowers that culminates in the superiority of the jasmine or “jati” flower for the worship of Vishnu. “The jati flower is better than all other flowers … the man who duly offers me a splendid garland with a thousand jati flowers … lives in my heavenly city for billions of kalpas (ages),” Vishnu explains in the text.

    In her classic study “Offering Flowers, Feeding Skulls: Popular Goddess Worship in West Bengal,” religion scholar June McDaniel discusses traditional practices for the worship of Kali, the fearsome and protective mother goddess, who is to be decorated in red hibiscus flowers. Red flowers, in general, are believed to be sacred to Kali.

    The 14th chapter of the “Shiva Purana” contains a section on “Directions for the Worship of Shiva.” Those who desire wealth should worship Shiva with flowers or petals from the “kamala” or lotus flower, chrysanthemum, or marigold. Worshiping Shiva with 100 flowers is said to enhance one’s wealth and wipe away all sins.

    Flowers can at times displease the gods

    The Puranas also explain which flowers might displease the gods. Red flowers, such as plumeria, and those from the screw pine tree are not to be offered to the god Shiva. The Shiva Purana, in fact, explains why the “ketaki,” or screw pine flower, should never be offered to Shiva in worship.

    Once upon a time, as the story goes, gods Vishnu and Brahma were debating which of them was the superior deity when suddenly a shaft of blazing light appeared between them. They decided to investigate. Transforming himself into a boar, Vishnu tunneled down into the earth to search for the origin of the lingam of light. Riding on a goose, his divine vehicle, Brahma flew upward in an attempt to discover the extent of the light.

    After much digging, Vishnu indicated that he was unable to discover the light’s place of origin. While flying upward, however, Brahma encountered a ketaki flower that had fallen from a branch nearby. Brahma convinced the flower to support a false claim suggesting that he had reached the top of the shaft of light.

    Just at that moment, Shiva appeared from the light and cursed both Brahma and the ketaki flower for their dishonesty. Due to his arrogance and deception, Brahma would henceforth have few devotees. For its part, despite being aromatic and pleasing to the eye, the ketaki flower is cursed by Shiva never to be offered to him in ritual worship.

    However, Shiva later amends the curse to allow for the ketaki to be used for worshiping him during the popular festival called the “Great Night of Shiva” or Mahashivratri. Due to the increase in demand, there is a surge in the price of ketaki flowers during this annual spring festival.

    In one of the most popular Hindu texts, however, the flower offered is less important to the deity than the attitude of the devotee making the offering. In the “Bhagavad Gita” or “Song of the Lord,” the deity Krishna declares that he will accept any sincere devotional offering, regardless of the type of flower: “Whoever offers me a leaf, flower, fruit, or water with sincere devotion, I will accept them.”

    Lotus for Lakshmi

    An icon of Hindu goddess Lakshmi.
    MilenaKatzer/ iStock / Getty Images Plus

    During the coming fall holiday season, devotees around the world will honor many deities, including the mother goddess, with flowers and other rituals. Prominent among the deities will be Sri Lakshmi, the goddess of wealth and good fortune.

    Lakshmi is depicted as seated on a lotus throne, while also holding a lotus in one hand. The lotus flower grows in muddy ponds or pools but blossoms above the water. The lotus in bloom symbolizes many of the qualities associated with Sri Lakshmi, such as purity, prosperity and spiritual enlightenment.

    When devotees around the world lovingly welcome the goddess into their homes on Diwali, the festival of light, they will be sure to offer Lakshmi her favorite flower – the lotus.

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

    ref. Why some flowers are so pleasing for Hindu gods and goddesses – https://theconversation.com/why-some-flowers-are-so-pleasing-for-hindu-gods-and-goddesses-235153

    MIL OSI – Global Reports

  • MIL-OSI Global: CubeSats, the tiniest of satellites, are changing the way we explore the solar system

    Source: The Conversation – USA – By Mustafa Aksoy, Assistant Professor of Electrical & Computer Engineering, University at Albany, State University of New York

    Most CubeSats weigh less than a bowling ball, and some are small enough to hold in your hand. But the impact these instruments are having on space exploration is gigantic. CubeSats – miniature, agile and cheap satellites – are revolutionizing how scientists study the cosmos.

    A standard-size CubeSat is tiny, about 4 pounds (roughly 2 kilograms). Some are larger, maybe four times the standard size, but others are no more than a pound.

    As a professor of electrical and computer engineering who works with new space technologies, I can tell you that CubeSats are a simpler and far less costly way to reach other worlds.

    Rather than carry many instruments with a vast array of purposes, these Lilliputian-size satellites typically focus on a single, specific scientific goal – whether discovering exoplanets or measuring the size of an asteroid. They are affordable throughout the space community, even to small startup, private companies and university laboratories.

    Tiny satellites, big advantages

    CubeSats’ advantages over larger satellites are significant. CubeSats are cheaper to develop and test. The savings of time and money means more frequent and diverse missions along with less risk. That alone increases the pace of discovery and space exploration.

    CubeSats don’t travel under their own power. Instead, they hitch a ride; they become part of the payload of a larger spacecraft. Stuffed into containers, they’re ejected into space by a spring mechanism attached to their dispensers. Once in space, they power on. CubeSats usually conclude their missions by burning up as they enter the atmosphere after their orbits slowly decay.

    Case in point: A team of students at Brown University built a CubeSat in under 18 months for less than US$10,000. The satellite, about the size of a loaf of bread and developed to study the growing problem of space debris, was deployed off a SpaceX rocket in May 2022.

    A CubeSat can go from whiteboard to space in less than a year.

    Smaller size, single purpose

    Sending a satellite into space is nothing new, of course. The Soviet Union launched Sputnik 1 into Earth orbit back in 1957. Today, about 10,000 active satellites are out there, and nearly all are engaged in communications, navigation, military defense, tech development or Earth studies. Only a few – less than 3% – are exploring space.

    That is now changing. Satellites large and small are rapidly becoming the backbone of space research. These spacecrafts can now travel long distances to study planets and stars, places where human explorations or robot landings are costly, risky or simply impossible with the current technology.

    But the cost of building and launching traditional satellites is considerable. NASA’s lunar reconnaissance orbiter, launched in 2009, is roughly the size of a minivan and cost close to $600 million. The Mars reconnaissance orbiter, with a wingspan the length of a school bus, cost more than $700 million. The European Space Agency’s solar orbiter, a 4,000-pound (1,800-kilogram) probe designed to study the Sun, cost $1.5 billion. And the Europa Clipper – the length of a basketball court and scheduled to launch in October 2024 to the Jupiter moon Europa – will ultimately cost $5 billion.

    These satellites, relatively large and stunningly complex, are vulnerable to potential failures, a not uncommon occurrence. In the blink of an eye, years of work and hundreds of millions of dollars could be lost in space.

    NASA scientists prep the ASTERIA spacecraft for its April 2017 launch.
    NASA/JPL-Caltech

    Exploring the Moon, Mars and the Milky Way

    Because they are so small, CubeSats can be released in large numbers in a single launch, further reducing costs. Deploying them in batches – known as constellations – means multiple devices can make observations of the same phenomena.

    For example, as part of the Artemis I mission in November 2022, NASA launched 10 CubeSats. The satellites are now trying to detect and map water on the Moon. These findings are crucial, not only for the upcoming Artemis missions but to the quest to sustain a permanent human presence on the lunar surface. The CubeSats cost $13 million.

    The MarCO CubeSats – two of them – accompanied NASA’s Insight lander to Mars in 2018. They served as a real-time communications relay back to Earth during Insight’s entry, descent and landing on the Martian surface. As a bonus, they captured pictures of the planet with wide-angle cameras. They cost about $20 million.

    CubeSats have also studied nearby stars and exoplanets, which are worlds outside the solar system. In 2017, NASA’s Jet Propulsion Laboratory deployed ASTERIA, a CubeSat that observed 55 Cancri e, also known as Janssen, an exoplanet eight times larger than Earth, orbiting a star 41 light years away from us. In reconfirming the existence of that faraway world, ASTERIA became the smallest space instrument ever to detect an exoplanet.

    Two more notable CubeSat space missions are on the way: HERA, scheduled to launch in October 2024, will deploy the European Space Agency’s first deep-space CubeSats to visit the Didymos asteroid system, which orbits between Mars and Jupiter in the asteroid belt.

    And the M-Argo satellite, with a launch planned for 2025, will study the shape, mass and surface minerals of a soon-to-be-named asteroid. The size of a suitcase, M-Argo will be the smallest CubeSat to perform its own independent mission in interplanetary space.

    The swift progress and substantial investments already made in CubeSat missions could help make humans a multiplanetary species. But that journey will be a long one – and depends on the next generation of scientists to develop this dream.

    Mustafa Aksoy works for the University at Albany, State University of New York (SUNY) and the Research Foundation for SUNY. He receives funding from the National Aeronautics and Space Administration (NASA), the National Science Foundation (NSF) and Oak Ridge Associated Universities (ORAU). He is a senior member of the Institute of Electrical and Electronics Engineers (IEEE).

    ref. CubeSats, the tiniest of satellites, are changing the way we explore the solar system – https://theconversation.com/cubesats-the-tiniest-of-satellites-are-changing-the-way-we-explore-the-solar-system-226701

    MIL OSI – Global Reports

  • MIL-OSI USA: Reschenthaler Opposes Allegheny Mountain Realignment Turnpike Project Proposal

    Source: United States House of Representatives – Congressman Guy Reschenthaler (PA-14)

    September 27, 2024

    WASHINGTON, D.C.—Chief Deputy Whip Guy Reschenthaler (R-PA) urged the Pennsylvania Turnpike Commission (PTC) to reconsider its plans regarding the Allegheny Mountain Realignment Project in Allegheny and Stonycreek Townships, Pennsylvania.

    According to local officials and community stakeholders, the Gray Cut plan which includes constructing a 3.8-mile three lane roadway south of the existing tunnel would cause a groundwater loss that will negatively impact wetland and water sources. Thousands of businesses, organizations, and communities in Pennsylvania’s 14th Congressional District rely on the Laurel Highlands and its scenery to stimulate our region’s economy and foster a sense of community.

    In the letter, Reschenthaler wrote: “I urge PTC to reconsider alternative plans in collaboration with the local community. It is critical that we do not jeopardize decades of work done by these stakeholders to make Somerset County a beautiful place to live, visit, and do business.”

    In November 2021, PTC commissioned a study that determined improvements to the Allegheny Tunnel in Somerset County were necessary. After exploring eight potential alternatives to address the needs, PTC chose the Gray Cut option despite concerns from the local community and burden on taxpayers and motorists.

    Others opposed to the proposal include State Representative Carl Metzgar, Somerset County Commissioners, the Somerset County Conservancy, and the Municipal Authority of the Borough of Berlin, among other local organizations.

    Read the full letter here.

    MIL OSI USA News

  • MIL-OSI Video: Secretary Blinken met with South African Minister Ronald Lamola

    Source: United States of America – Department of State (video statements)

    Secretary of State Antony J. Blinken met with South African Minister of International Relations and Cooperation Ronald Lamola in New York City, New York, on September 27, 2024.

    Transcript: https://www.state.gov/secretary-antony-j-blinken-and-south-african-minister-of-international-relations-and-cooperation-ronald-lamola-before-their-meeting/

    ———-
    Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

    The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

    Get updates from the U.S. Department of State at www.state.gov and on social media!
    Facebook: https://www.facebook.com/statedept
    Twitter: https://twitter.com/StateDept
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    Subscribe to the State Department Blog: https://www.state.gov/blogs
    Watch on-demand State Department videos: https://video.state.gov/
    Subscribe to The Week at State e-newsletter: http://ow.ly/diiN30ro7Cw

    State Department website: https://www.state.gov/
    Careers website: https://careers.state.gov/
    White House website: https://www.whitehouse.gov/

    #StateDepartment #DepartmentofState #Diplomacy

    https://www.youtube.com/watch?v=O7AxKHDeM7E

    MIL OSI Video

  • MIL-OSI Video: Drill Sergeant of the Year 2024 | U.S. Army

    Source: US Army (video statements)

    : AEMO

    CONGRATULATIONS to ALL COMPETITORS! HOOOAH!

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #DSOY #BestOfTheBest

    https://www.youtube.com/watch?v=UgKAU74qjcQ

    MIL OSI Video

  • MIL-OSI Video: Fighting Together!

    Source: US Army (video statements)

    Check out the 2nd Infantry Division Soldiers at the Korea-International Combat Training Competition! Teams from the Republic of Korea, Cambodia, Australia, Uzbekistan, and the Philippines joined.

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts #USARPAC #interoperability

    https://www.youtube.com/watch?v=z7e-ZsOFzls

    MIL OSI Video

  • MIL-OSI Africa: African Development Bank Group’s Sustainable Energy Fund for Africa approves €6 Million for Desert to Power – Burkina Faso Solar Project

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

    African Development Bank Group’s Sustainable Energy Fund for Africa approves €6 Million for Desert to Power – Burkina Faso Solar Project Burkina Faso is one of five priority countries under the Desert-to-Power initiative, which aims to generate 10 gigawatts of solar power across 11 Sahelian countries by 2030 ABIDJAN, Ivory Coast, September 27, 2024/APO Group/ — The African Development Bank Group (www.AfDB.org) has approved a €6 million concessional financing package from the Sustainable Energy Fund for Africa (SEFA), a special multi-donor fund managed by the Bank, to accelerate the completion of Burkina Faso’s Dédougou photovoltaic solar project in support of the Bank’s Desert-to-Power initiative (https://apo-opa.co/3XKXpwG). The project involves designing, constructing and operating an 18-megawatt solar power plant in Dédougou, located 250 kilometres west of the capital, Ouagadougou. Burkina Faso is one of five priority countries under the Desert-to-Power initiative, which aims to generate 10 gigawatts of solar power across 11 Sahelian countries by 2030, promoting socio-economic development. This project stands as one of the first independent power producers (IPPs) in Burkina Faso and has secured both senior and subordinated loans, along with a 25-year Power Purchase Agreement (PPA) with the Société Nationale d’électricité du Burkina Faso (SONABEL). However, the project encountered challenges in reaching financial close due to cost escalations resulting from the COVID-19 pandemic.  The SEFA Covid-19 IPP Relief Programme (SEFA Programme) played a pivotal role in overcoming these hurdles. Through concessional financing, SEFA helped restructure the financial arrangements to absorb the pandemic-related cost increases, ensuring the project’s viability and preserving the originally agreed structure with the Government of Burkina Faso, thereby contributing to the country’s energy security. Under the SEFA Programme, a €2.5 million senior concessional loan and a €3.5 million reimbursable grant have been provided through its concessional finance facility. SEFA’s involvement has been instrumental in unlocking additional financing from the Dutch entrepreneurial development bank, FMO (www.FMO.nl), including subordinated and senior loans. These funds will be disbursed to Dédougou Solaire SARL, the project company jointly developed by QAIR (www.Qair.Energy), which is responsible for managing the project. As part of the Desert-to-Power initiative, the project is expected to contribute to energy security, diversification of the energy mix, reduced electricity costs, and increased national electrification rates. “The Dédougou Solar PV project increases Burkina Faso’s renewable energy generation capacity in line with the objectives of the Desert-to-Power Initiative. By backing projects like this, we are making tangible strides toward electrifying the Sahel, bolstering energy security, and improving the lives of millions,” said Dr. Daniel SCHROTH, Director of the Renewable Energy and Energy Efficiency Department at the African Development Bank. “Abdoulaye Toure, CFO at Qair Africa, acknowledged SEFA’s support and the project’s advancement: “We are pleased with this approval by SEFA and thank the African Development Bank for their support of the project. This allows us to move forward with our commitment to supporting Burkina Faso’s energy goals by developing a second solar plant, just a year after the successful commissioning of Zano. This achievement aligns with the country’s ambitions for energy supply and reinforces Qair’s vision of becoming a leading player in Africa’s renewable energy sector in the coming years.” Distributed by APO Group on behalf of African Development Bank Group (AfDB). Contact: Communication and External Relations media@afdb.org About SEFA: SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. SEFA offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects and improve the risk-return profile of individual investments. The Fund’s overarching goal is to contribute to universal access to affordable, reliable, sustainable, and modern energy services for all in Africa, in line with the New Deal on Energy for Africa and Sustainable Development Goal 7. About Qair: Qair is an independent renewable energy company developing, financing, building, and operating solar, onshore and offshore wind, hydroelectric, tidal energy, waste-to-energy, battery storage and green hydrogen production. With 1.1 GW of capacity in operation, the group’s 640 employees are developing a portfolio pipeline of 30 GW in 20 countries across Europe, Latin America and Africa. Our ambition is to become an independent leader in responsible energy. In Africa, Qair’s portfolio of wind, PV and BESS assets includes 65 MW operational projects, 174 MW/262 MWh under construction or financing and a robust pipeline under development of 2GW+. With over 15 years of presence in Africa and teams established in Burkina Faso, Chad, Mauritius, Morocco, Seychelles, and Tunisia, Qair continually expands its geographical footprint across North, Central and West Africa and the Indian Ocean. Qair has already completed another 24MW solar PV project (Zano) in Burkina Faso, which was awarded under a public-private partnership (PPP) with GoBF along with a PPA with the National Electricity Company (SONABEL). About FMO: FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 50+ year proven track record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors with a high development impact: Agribusiness, Food & Water, Energy, and Financial Institutions. With a total committed portfolio of EUR ~13 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. About the African Development Bank Group: The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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    MIL OSI Africa