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  • MIL-OSI: SC Capital Holding in Advanced Talks for Strategic Hospitality Acquisition in Cyprus

    Source: GlobeNewswire (MIL-OSI)

    ZUG, Switzerland, July 01, 2025 (GLOBE NEWSWIRE) — Switzerland-based SC Capital Holding AG confirmed today that it is in late-stage discussions to acquire a landmark luxury hotel on the southern coast of Cyprus, marking the firm’s entry into the island nation as part of its growing Mediterranean portfolio.

    “Cyprus offers the confluence of architectural heritage, year-round airlift, and upscale leisure demand that fits perfectly with our value-creation model,” said Simo Chaabani, Chief Executive Officer of SC Capital Holding. “We are targeting properties where targeted investment and operational enhancements can create long-term value for guests and investors alike.”

    Chaabani and a delegation of senior executives completed a series of on-island inspections last week, visiting select assets in Limassol and Paphos. The itinerary focuses on hotels with strong architectural bones, unobstructed beachfront frontage, and expansion potential for low-rise branded residences.

    Building on a Proven Mediterranean Playbook
    The Cypriot pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys across Sarandë and Vlorë. Coupled with active projects in Central Europe, the Cyprus initiative underscores a disciplined regional thesis: acquire under-tapped coastal or city-center assets, inject best-in-class sustainability features, and drive superior RevPAR growth through data-driven revenue management.

    “Our partners understand that hospitality transformations are rarely cosmetic,” Simo Chaabani noted. “We go deep, recasting energy systems, digitizing the guest journey, and hard-wiring ESG metrics into every line item of the business plan. SC Capital Holding’s decades of cumulative hotel experience span corporate banking, hotel asset management, and construction engineering.” Recent projects exceeded energy-efficiency targets while lifting operating margins into the high teens, a performance Simo Chaabani calls “a rehearsal for what we intend to accomplish in Cyprus.”

    This flight was 100% offset with carbon compensation.

    Market Tailwinds Favour Cyprus
    Tourism arrivals to Cyprus surpassed 4.4 million in 2024, approaching pre-pandemic peaks, while average daily rates for five-star hotels climbed 9 percent year-on-year, according to national tourism data. Yet many legacy properties still operate below their potential, lacking the sustainability credentials and brand affiliations required by today’s global traveler.

    “Cyprus sits at the crossroads of Europe, the Middle East, and North Africa, but much of its luxury inventory has stood still,” Simo Chaabani said. “That disconnect between destination appeal and asset performance positions us to create a genuine flagship.”

    Sustainability and Smart-Hotel Technologies at the Core
    Every SC Capital Holding acquisition is evaluated against a proprietary “green conversion roadmap,” which targets:

    • LEED Gold or BREEAM Excellent certification within three years
    • 40 percent renewable-energy adoption via rooftop solar arrays and battery storage
    • 30 percent water-consumption reductions through grey-water recycling and low-flow fixtures
    • 75 percent waste-diversion rates supported by on-site composting and recycling partnerships

    Layered atop these environmental benchmarks is the firm’s Smart-Stay™ technology stack, AI-powered energy management, contactless guest journeys, and predictive maintenance tools that collectively trim utility spending while elevating the guest experience.

    “Efficiency and luxury are not mutually exclusive,” Simo Chaabani asserted. “Our guests will enjoy Ionian Sea views in rooms powered by renewable energy and enhanced with smart technology, that is the future of premium hospitality.”

    “We believe in working closely with local partners and stakeholders,” Simo Chaabani emphasized. “Success depends on aligning with municipal leaders, community stakeholders, and world-class operators who share our commitment to responsible growth.”

    For acquisition proposals or partnership inquiries, contact SC Capital Holding executive reception , to the attention of Mrs Allyson Roscoe, director of deal sourcing : contact@sccapitalholding.ch

    Learn more at: https://sccapitalholding.ch/

    About SC Capital Holding AG
    Headquartered in Zug, Switzerland, SC Capital Holding AG is a privately held investment group specializing in the acquisition, development, and management of hospitality assets across Europe. The firm combines disciplined capital allocation, sustainability leadership, and a technology-first mindset to deliver superior risk-adjusted returns.

    Media Contact
    Company Name: SC Capital Holding
    Contact Person: Allyson Roscoe
    Email: contact@sccapitalholding.ch
    Website: www.sccapitalholding.ch

    Disclaimer: This press release is provided by the SC Capital Holding. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe3e461c-1239-4ca6-9b38-d07e5747f66d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c107d9ae-4a08-4fa2-b4b4-a7b2206570b0

    The MIL Network

  • MIL-OSI: SC Capital Holding in Advanced Talks for Strategic Hospitality Acquisition in Cyprus

    Source: GlobeNewswire (MIL-OSI)

    ZUG, Switzerland, July 01, 2025 (GLOBE NEWSWIRE) — Switzerland-based SC Capital Holding AG confirmed today that it is in late-stage discussions to acquire a landmark luxury hotel on the southern coast of Cyprus, marking the firm’s entry into the island nation as part of its growing Mediterranean portfolio.

    “Cyprus offers the confluence of architectural heritage, year-round airlift, and upscale leisure demand that fits perfectly with our value-creation model,” said Simo Chaabani, Chief Executive Officer of SC Capital Holding. “We are targeting properties where targeted investment and operational enhancements can create long-term value for guests and investors alike.”

    Chaabani and a delegation of senior executives completed a series of on-island inspections last week, visiting select assets in Limassol and Paphos. The itinerary focuses on hotels with strong architectural bones, unobstructed beachfront frontage, and expansion potential for low-rise branded residences.

    Building on a Proven Mediterranean Playbook
    The Cypriot pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys across Sarandë and Vlorë. Coupled with active projects in Central Europe, the Cyprus initiative underscores a disciplined regional thesis: acquire under-tapped coastal or city-center assets, inject best-in-class sustainability features, and drive superior RevPAR growth through data-driven revenue management.

    “Our partners understand that hospitality transformations are rarely cosmetic,” Simo Chaabani noted. “We go deep, recasting energy systems, digitizing the guest journey, and hard-wiring ESG metrics into every line item of the business plan. SC Capital Holding’s decades of cumulative hotel experience span corporate banking, hotel asset management, and construction engineering.” Recent projects exceeded energy-efficiency targets while lifting operating margins into the high teens, a performance Simo Chaabani calls “a rehearsal for what we intend to accomplish in Cyprus.”

    This flight was 100% offset with carbon compensation.

    Market Tailwinds Favour Cyprus
    Tourism arrivals to Cyprus surpassed 4.4 million in 2024, approaching pre-pandemic peaks, while average daily rates for five-star hotels climbed 9 percent year-on-year, according to national tourism data. Yet many legacy properties still operate below their potential, lacking the sustainability credentials and brand affiliations required by today’s global traveler.

    “Cyprus sits at the crossroads of Europe, the Middle East, and North Africa, but much of its luxury inventory has stood still,” Simo Chaabani said. “That disconnect between destination appeal and asset performance positions us to create a genuine flagship.”

    Sustainability and Smart-Hotel Technologies at the Core
    Every SC Capital Holding acquisition is evaluated against a proprietary “green conversion roadmap,” which targets:

    • LEED Gold or BREEAM Excellent certification within three years
    • 40 percent renewable-energy adoption via rooftop solar arrays and battery storage
    • 30 percent water-consumption reductions through grey-water recycling and low-flow fixtures
    • 75 percent waste-diversion rates supported by on-site composting and recycling partnerships

    Layered atop these environmental benchmarks is the firm’s Smart-Stay™ technology stack, AI-powered energy management, contactless guest journeys, and predictive maintenance tools that collectively trim utility spending while elevating the guest experience.

    “Efficiency and luxury are not mutually exclusive,” Simo Chaabani asserted. “Our guests will enjoy Ionian Sea views in rooms powered by renewable energy and enhanced with smart technology, that is the future of premium hospitality.”

    “We believe in working closely with local partners and stakeholders,” Simo Chaabani emphasized. “Success depends on aligning with municipal leaders, community stakeholders, and world-class operators who share our commitment to responsible growth.”

    For acquisition proposals or partnership inquiries, contact SC Capital Holding executive reception , to the attention of Mrs Allyson Roscoe, director of deal sourcing : contact@sccapitalholding.ch

    Learn more at: https://sccapitalholding.ch/

    About SC Capital Holding AG
    Headquartered in Zug, Switzerland, SC Capital Holding AG is a privately held investment group specializing in the acquisition, development, and management of hospitality assets across Europe. The firm combines disciplined capital allocation, sustainability leadership, and a technology-first mindset to deliver superior risk-adjusted returns.

    Media Contact
    Company Name: SC Capital Holding
    Contact Person: Allyson Roscoe
    Email: contact@sccapitalholding.ch
    Website: www.sccapitalholding.ch

    Disclaimer: This press release is provided by the SC Capital Holding. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe3e461c-1239-4ca6-9b38-d07e5747f66d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c107d9ae-4a08-4fa2-b4b4-a7b2206570b0

    The MIL Network

  • MIL-OSI: Nasdaq Welcomes 142 IPOs in the First Half of 2025

    Source: GlobeNewswire (MIL-OSI)

    Highest volume of listings and capital raise in the first half of the year since 2021

    Maintained leadership in switches – crossed $3 trillion in market value transferred since 2005

    Driving smart policy reforms to improve regulatory processes for public companies

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) announced today that in the first half of 2025, it welcomed 142 listings (IPOs), raising a total of $19.2 billion. A total of 83 operating companies and 59 SPACs listed on Nasdaq during the first six months of 2025, representing an 86% win-rate of Nasdaq-eligible listings in the U.S. market, and extending Nasdaq’s leadership to 46 consecutive quarters. In addition to the IPOs, 11 companies transferred their corporate listings to Nasdaq, crossing the threshold of $3 trillion in total market value from exchange transfers since 2005.

    “The first half of the year has seen an impressive volume and roster of companies coming to market, with Nasdaq cementing its position as home to innovative brands across sectors including financial technology, digital assets, and biotech. Nasdaq’s client-first value proposition continues to attract companies via new listings and exchange transfers, a testament to our ability to support at all stages of a company’s lifecycle.” said Jeff Thomas, Executive Vice President, Chief Revenue Officer and Global Head of Listings at Nasdaq. “For the first time this year, the Nasdaq IPO Pulse Index ticked upwards, following higher returns, valuations, and encouraging conditions for listing. We’re looking forward to promising activity in the months ahead.”

    A video accompanying this announcement is available at: https://vimeo.com/nasdaq/2025listinghighlights

    2025 FIRST HALF NASDAQ U.S. LISTINGS HIGHLIGHTS

    • U.S. listings market leadership: Year-to-date, Nasdaq welcomed 142 IPOs, raising $19.2 billion. Marquee listings include the largest technology IPO of the year, CoreWeave, fintech powerhouse, Chime, and digital asset leader, Galaxy Digital. This is the highest volume of listings and capital raise on Nasdaq in the first half of the year since 2021.
    • Exchange of choice for switches: In the first half of 2025, 11 companies transferred their corporate listing to Nasdaq, totaling $271 billion and including Shopify, the largest exchange transfer so far this year, representing $123 billion in market cap, as well as leading consumer-goods brand, Kimberly-Clark.
    • Leading U.S. exchange for consumer and healthcare IPOs: Nasdaq maintained its strong track records for consumer (100% win-rate) and healthcare (89% win-rate), with sector-defining listings including Smithfield Foods and Metsera, a GLP-1 developer.
    • Helping companies join the public markets via SPACs: A total of 20 SPAC business combinations also listed in the first 6 months of 2025, representing an 95%-win rate in the U.S. Further, Nasdaq continued its influence in the SPAC market, welcoming 94% of all eligible SPAC IPOs, raising $10.6 billion and including the largest SPAC listing of the year with Churchill Capital Corp X.
    • Championing smart regulatory reform to encourage capital formation: To enhance the current operating environment for public companies and drive capital formation, Nasdaq recently published a new white paper calling for regulatory reform to strengthen the capital markets. Public markets help many Americans secure their economic future through retirement accounts and investments, yet it has become increasingly cumbersome for companies to go public or remain public. There is a critical need to build and protect the markets, modernize the regulatory environment in which it operates, and restore their essential role in wealth creation for all Americans.
    • Major Nasdaq listing anniversaries: Nasdaq celebrated the listing anniversaries of Huntington Bancshares Inc (40 years), Cisco Systems, Inc. (35 years), Autodesk Inc. (30 years), DexCom, Inc. (20 years), PayPal Holdings, Inc. (10 years), as well as the first-year listing anniversary of Waystar.

    About Nasdaq:
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com

    -NDAQG- 

    Cautionary Note Regarding Forward-Looking Statements
    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such “will,” “plans,” “expects,” “may,” “believe” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements about the Company’s growth strategy and market expectations, products and services, ability to enhance or innovate new ways for companies to join the public markets, and other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI: Nasdaq Welcomes 142 IPOs in the First Half of 2025

    Source: GlobeNewswire (MIL-OSI)

    Highest volume of listings and capital raise in the first half of the year since 2021

    Maintained leadership in switches – crossed $3 trillion in market value transferred since 2005

    Driving smart policy reforms to improve regulatory processes for public companies

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) announced today that in the first half of 2025, it welcomed 142 listings (IPOs), raising a total of $19.2 billion. A total of 83 operating companies and 59 SPACs listed on Nasdaq during the first six months of 2025, representing an 86% win-rate of Nasdaq-eligible listings in the U.S. market, and extending Nasdaq’s leadership to 46 consecutive quarters. In addition to the IPOs, 11 companies transferred their corporate listings to Nasdaq, crossing the threshold of $3 trillion in total market value from exchange transfers since 2005.

    “The first half of the year has seen an impressive volume and roster of companies coming to market, with Nasdaq cementing its position as home to innovative brands across sectors including financial technology, digital assets, and biotech. Nasdaq’s client-first value proposition continues to attract companies via new listings and exchange transfers, a testament to our ability to support at all stages of a company’s lifecycle.” said Jeff Thomas, Executive Vice President, Chief Revenue Officer and Global Head of Listings at Nasdaq. “For the first time this year, the Nasdaq IPO Pulse Index ticked upwards, following higher returns, valuations, and encouraging conditions for listing. We’re looking forward to promising activity in the months ahead.”

    A video accompanying this announcement is available at: https://vimeo.com/nasdaq/2025listinghighlights

    2025 FIRST HALF NASDAQ U.S. LISTINGS HIGHLIGHTS

    • U.S. listings market leadership: Year-to-date, Nasdaq welcomed 142 IPOs, raising $19.2 billion. Marquee listings include the largest technology IPO of the year, CoreWeave, fintech powerhouse, Chime, and digital asset leader, Galaxy Digital. This is the highest volume of listings and capital raise on Nasdaq in the first half of the year since 2021.
    • Exchange of choice for switches: In the first half of 2025, 11 companies transferred their corporate listing to Nasdaq, totaling $271 billion and including Shopify, the largest exchange transfer so far this year, representing $123 billion in market cap, as well as leading consumer-goods brand, Kimberly-Clark.
    • Leading U.S. exchange for consumer and healthcare IPOs: Nasdaq maintained its strong track records for consumer (100% win-rate) and healthcare (89% win-rate), with sector-defining listings including Smithfield Foods and Metsera, a GLP-1 developer.
    • Helping companies join the public markets via SPACs: A total of 20 SPAC business combinations also listed in the first 6 months of 2025, representing an 95%-win rate in the U.S. Further, Nasdaq continued its influence in the SPAC market, welcoming 94% of all eligible SPAC IPOs, raising $10.6 billion and including the largest SPAC listing of the year with Churchill Capital Corp X.
    • Championing smart regulatory reform to encourage capital formation: To enhance the current operating environment for public companies and drive capital formation, Nasdaq recently published a new white paper calling for regulatory reform to strengthen the capital markets. Public markets help many Americans secure their economic future through retirement accounts and investments, yet it has become increasingly cumbersome for companies to go public or remain public. There is a critical need to build and protect the markets, modernize the regulatory environment in which it operates, and restore their essential role in wealth creation for all Americans.
    • Major Nasdaq listing anniversaries: Nasdaq celebrated the listing anniversaries of Huntington Bancshares Inc (40 years), Cisco Systems, Inc. (35 years), Autodesk Inc. (30 years), DexCom, Inc. (20 years), PayPal Holdings, Inc. (10 years), as well as the first-year listing anniversary of Waystar.

    About Nasdaq:
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com

    -NDAQG- 

    Cautionary Note Regarding Forward-Looking Statements
    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such “will,” “plans,” “expects,” “may,” “believe” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements about the Company’s growth strategy and market expectations, products and services, ability to enhance or innovate new ways for companies to join the public markets, and other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI: MARA Reports June 2025 Bitcoin Production and Mining Operations Update, Issues Mid-Year Outlook

    Source: GlobeNewswire (MIL-OSI)

    Targeting 75 EH/s by Year-End
    211 Blocks Won in June, 25% Decrease M/M
    Increased BTC Holdings* to 49,940 BTC

    Miami, FL, July 01, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a leading digital energy and infrastructure company, today published unaudited bitcoin (“bitcoin” or “BTC”) production updates for June 2025 and provided its hashrate outlook for the full year.

    Management Commentary
    “With 1.7 gigawatts (“GW”) of captive capacity – including 1.1 GW currently operational – and a growth pipeline exceeding 3 GW of low-cost power opportunities, we are targeting 75 exahash by the end of 2025. This target represents over 40% growth from 2024, supported by machine orders already in place,” said Fred Thiel, MARA’s chairman and CEO. “As the largest public bitcoin miner, this goal aligns with both our rapid expansion and commitment to low-cost power with efficient capital deployment.

    “Following a record-breaking May, production in June came in lower, with 211 blocks won for the month. The decrease was primarily due to reduced uptime from weather-related curtailment and the temporary deployment of older machines in Garden City while storm-related damage was being remediated. Natural variability in block luck – an expected dynamic when operating our own mining pool – also contributed.

    “We’re excited to be approaching 50,000 bitcoin, a testament to the scale of our operations and the strength of our strategy. This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases, and our continued commitment to building long-term value for our shareholders.”

    Operational Highlights and Updates
    Figure 1: Operational Highlights

        Prior Month Comparison  
    Metric   6/30/2025     5/31/2025     % Δ  
    Number of Blocks Won 1     211       282       (25 )%
    BTC Produced     713       950       (25 )%
    Average BTC Produced per Day     23.8       30.7       (23 )%
    Share of available miner rewards 2     5.4 %     6.5 %     NM  
    Transaction Fees as % of Total 1     1.4 %     1.5 %     NM  
    Energized Hashrate (EH/s) 1     57.4       58.3       (2 )%
    1. These metrics are MARAPool only and do not include blocks won from joint ventures.
    2. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

    NM – Not Meaningful

    As of June 30, 2025, the Company held a total of 49,940 BTC*. MARA opted not to sell any BTC in June.

    *Includes 15,534 bitcoin that is loaned, pledged as collateral or held in a separately managed account for the benefit of the Company.

    Investor Notice
    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading “Risk Factors” in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.

    The operational highlights and updates presented in this press release pertain solely to our bitcoin mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC. The bitcoin production figures provided are estimates and may be subject to adjustment in our periodic reports filed with the SEC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to our full-year exahash outlook, our growth pipeline and our bitcoin treasury strategy. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.

    About MARA

    MARA (NASDAQ:MARA) deploys digital energy technologies to advance the world’s energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARA
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:
    Email: mara@wachsman.com

    The MIL Network

  • MIL-OSI: Columbia Forest Products Streamlines M&A Pipeline with Midaxo

    Source: GlobeNewswire (MIL-OSI)

    BOSTON and GREENSBORO, N.C., July 01, 2025 (GLOBE NEWSWIRE) — Columbia Forest Products, the largest manufacturer of hardwood veneer and hardwood plywood in the U.S., has transformed its M&A operations with Midaxo’s purpose-built deal management platform, complete with seamless Microsoft Outlook integration. The result: a smarter, faster, and more connected pipeline that helps the company scale with both purpose and precision.

    “Our M&A strategy is rooted in values. We’re not just acquiring businesses—we’re giving them a lasting home where employees become part-owners, not just staff,” said Rick Brewer, Vice President of Corporate Development at Columbia Forest Products. “To do that well, we needed smarter tools that fit the way we work. Midaxo’s Outlook Plug-in brought instant visibility and clarity to our pipeline. Now we always know where every deal stands—and what comes next.”

    Previously reliant on spreadsheets and manual processes, Columbia’s M&A team sought a scalable solution to manage growing deal flow while maintaining their people-first approach. With Midaxo, they now have a centralized, real-time view of every conversation, document, and task—embedded directly within their email workflow.

    “We’re proud to support Columbia Forest Products as they scale with purpose,” said Jude McColgan, CEO of Midaxo. “Our platform is designed for teams that want speed without sacrificing control. With powerful real-time analytics, integrated VDR, and seamless Outlook integration, we’re helping Columbia close more of the right deals, faster.”

    The move to Midaxo isn’t just a digital upgrade—it’s a strategic shift. By aligning intuitive technology with their mission-driven approach, Columbia is accelerating deal execution, strengthening transparency, and staying true to what matters most: people.

    About Columbia Forest Products
    Columbia Forest Products is North America’s leading manufacturer of hardwood plywood and hardwood veneer products. Known for its environmental leadership and innovation, Columbia was the first in its industry to eliminate added urea formaldehyde from its panels using its proprietary PureBond® technology. The company supplies a wide range of sustainable wood solutions to cabinet, furniture, and millwork manufacturers, as well as DIYers across the U.S. and Canada. Headquartered in Greensboro, North Carolina, Columbia is 100% employee-owned and operates with a strong commitment to quality, sustainability, and customer success.

    About Midaxo
    Midaxo provides the most widely used work management solution for corporate development. Digitally transforming the transaction process, Midaxo Cloud leverages automation, AI, and machine learning to deliver accelerated inorganic growth while decreasing deal risk. The platform can be customized to fit the needs of each company to enable corporate development and M&A leaders to find, evaluate, and deliver inorganic growth with unprecedented speed and accuracy. Users of the M&A capabilities report identifying and managing 5x more targets, reducing diligence time by 50%, and accelerating time to value realization up to 40%. More than 500 Midaxo customers, including Banner Health, Daimler AG, Professional Services Co., and United Site Services, have closed over 5,000 transactions valued in excess of $1 trillion.

    Contact:
    Hanna Brenner
    Midaxo
    Hanna.Brenner@midaxo.com

    The MIL Network

  • MIL-OSI: Columbia Forest Products Streamlines M&A Pipeline with Midaxo

    Source: GlobeNewswire (MIL-OSI)

    BOSTON and GREENSBORO, N.C., July 01, 2025 (GLOBE NEWSWIRE) — Columbia Forest Products, the largest manufacturer of hardwood veneer and hardwood plywood in the U.S., has transformed its M&A operations with Midaxo’s purpose-built deal management platform, complete with seamless Microsoft Outlook integration. The result: a smarter, faster, and more connected pipeline that helps the company scale with both purpose and precision.

    “Our M&A strategy is rooted in values. We’re not just acquiring businesses—we’re giving them a lasting home where employees become part-owners, not just staff,” said Rick Brewer, Vice President of Corporate Development at Columbia Forest Products. “To do that well, we needed smarter tools that fit the way we work. Midaxo’s Outlook Plug-in brought instant visibility and clarity to our pipeline. Now we always know where every deal stands—and what comes next.”

    Previously reliant on spreadsheets and manual processes, Columbia’s M&A team sought a scalable solution to manage growing deal flow while maintaining their people-first approach. With Midaxo, they now have a centralized, real-time view of every conversation, document, and task—embedded directly within their email workflow.

    “We’re proud to support Columbia Forest Products as they scale with purpose,” said Jude McColgan, CEO of Midaxo. “Our platform is designed for teams that want speed without sacrificing control. With powerful real-time analytics, integrated VDR, and seamless Outlook integration, we’re helping Columbia close more of the right deals, faster.”

    The move to Midaxo isn’t just a digital upgrade—it’s a strategic shift. By aligning intuitive technology with their mission-driven approach, Columbia is accelerating deal execution, strengthening transparency, and staying true to what matters most: people.

    About Columbia Forest Products
    Columbia Forest Products is North America’s leading manufacturer of hardwood plywood and hardwood veneer products. Known for its environmental leadership and innovation, Columbia was the first in its industry to eliminate added urea formaldehyde from its panels using its proprietary PureBond® technology. The company supplies a wide range of sustainable wood solutions to cabinet, furniture, and millwork manufacturers, as well as DIYers across the U.S. and Canada. Headquartered in Greensboro, North Carolina, Columbia is 100% employee-owned and operates with a strong commitment to quality, sustainability, and customer success.

    About Midaxo
    Midaxo provides the most widely used work management solution for corporate development. Digitally transforming the transaction process, Midaxo Cloud leverages automation, AI, and machine learning to deliver accelerated inorganic growth while decreasing deal risk. The platform can be customized to fit the needs of each company to enable corporate development and M&A leaders to find, evaluate, and deliver inorganic growth with unprecedented speed and accuracy. Users of the M&A capabilities report identifying and managing 5x more targets, reducing diligence time by 50%, and accelerating time to value realization up to 40%. More than 500 Midaxo customers, including Banner Health, Daimler AG, Professional Services Co., and United Site Services, have closed over 5,000 transactions valued in excess of $1 trillion.

    Contact:
    Hanna Brenner
    Midaxo
    Hanna.Brenner@midaxo.com

    The MIL Network

  • MIL-OSI: Columbia Forest Products Streamlines M&A Pipeline with Midaxo

    Source: GlobeNewswire (MIL-OSI)

    BOSTON and GREENSBORO, N.C., July 01, 2025 (GLOBE NEWSWIRE) — Columbia Forest Products, the largest manufacturer of hardwood veneer and hardwood plywood in the U.S., has transformed its M&A operations with Midaxo’s purpose-built deal management platform, complete with seamless Microsoft Outlook integration. The result: a smarter, faster, and more connected pipeline that helps the company scale with both purpose and precision.

    “Our M&A strategy is rooted in values. We’re not just acquiring businesses—we’re giving them a lasting home where employees become part-owners, not just staff,” said Rick Brewer, Vice President of Corporate Development at Columbia Forest Products. “To do that well, we needed smarter tools that fit the way we work. Midaxo’s Outlook Plug-in brought instant visibility and clarity to our pipeline. Now we always know where every deal stands—and what comes next.”

    Previously reliant on spreadsheets and manual processes, Columbia’s M&A team sought a scalable solution to manage growing deal flow while maintaining their people-first approach. With Midaxo, they now have a centralized, real-time view of every conversation, document, and task—embedded directly within their email workflow.

    “We’re proud to support Columbia Forest Products as they scale with purpose,” said Jude McColgan, CEO of Midaxo. “Our platform is designed for teams that want speed without sacrificing control. With powerful real-time analytics, integrated VDR, and seamless Outlook integration, we’re helping Columbia close more of the right deals, faster.”

    The move to Midaxo isn’t just a digital upgrade—it’s a strategic shift. By aligning intuitive technology with their mission-driven approach, Columbia is accelerating deal execution, strengthening transparency, and staying true to what matters most: people.

    About Columbia Forest Products
    Columbia Forest Products is North America’s leading manufacturer of hardwood plywood and hardwood veneer products. Known for its environmental leadership and innovation, Columbia was the first in its industry to eliminate added urea formaldehyde from its panels using its proprietary PureBond® technology. The company supplies a wide range of sustainable wood solutions to cabinet, furniture, and millwork manufacturers, as well as DIYers across the U.S. and Canada. Headquartered in Greensboro, North Carolina, Columbia is 100% employee-owned and operates with a strong commitment to quality, sustainability, and customer success.

    About Midaxo
    Midaxo provides the most widely used work management solution for corporate development. Digitally transforming the transaction process, Midaxo Cloud leverages automation, AI, and machine learning to deliver accelerated inorganic growth while decreasing deal risk. The platform can be customized to fit the needs of each company to enable corporate development and M&A leaders to find, evaluate, and deliver inorganic growth with unprecedented speed and accuracy. Users of the M&A capabilities report identifying and managing 5x more targets, reducing diligence time by 50%, and accelerating time to value realization up to 40%. More than 500 Midaxo customers, including Banner Health, Daimler AG, Professional Services Co., and United Site Services, have closed over 5,000 transactions valued in excess of $1 trillion.

    Contact:
    Hanna Brenner
    Midaxo
    Hanna.Brenner@midaxo.com

    The MIL Network

  • MIL-OSI Economics: Ukraine: Eighth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Alternate Executive Director for Ukraine

    Source: International Monetary Fund

    Summary

    Over three years of Russia’s war in Ukraine have taken a staggering social, humanitarian, and economic toll. Despite efforts for a ceasefire, the evolution of the war remains subject to exceptionally high uncertainty. Nevertheless, the authorities’ commitment to reforms and fulfillment of all necessary Fund policies support completion of the review. First, despite some structural reform delays, the authorities have met all quantitative conditionality for this review and remain committed to the overall program objectives of restoring sustainability. Second, the program remains fully financed. Looking ahead, despite the authorities’ program implementation and the large-scale external support, the program has limited space to absorb any further shocks, including from a more prolonged and intense war, while achieving the restoration of external viability by the end of the program.

    MIL OSI Economics

  • MIL-OSI NGOs: Greenpeace welcomes new global initiative to advance tax reform on the super-rich

    Source: Greenpeace Statement –

    Sevilla, Spain – Spain,  Brazil and South Africa today launched a coalition to advance work on taxing the super-rich at the 4th International Conference on Financing for Development in Sevilla. The coalition reaffirmed political commitments to pursue effective taxation of the super-rich. They also signalled growing support for international tax negotiations at the UN that are gaining momentum.

    In response, Fred Njehu, Global Political Lead for Greenpeace’s Fair Share campaign, said[1]: “Financing is urgently needed for climate action and public services, not for polluting space travel and luxury weddings. This new coalition of governments working to tax the super-rich adds to the growing global momentum to make the world’s wealthiest pay their fair share. People are fed up with billionaires’ greed eroding the environment and communities we depend on. It’s time for world leaders to listen and act.”

    Last week Greenpeace Italy together with UK Action group Everyone hates Elon unfolded a banner reading ‘If you can rent Venice for your wedding, you can pay more tax’ on Piazza San Marco, ahead of Jeff Bezos’s reportedly multi-million dollar wedding in Venice.

    In a survey commissioned by Greenpeace International and Oxfam International across 13 countries, 86% of respondents want governments to close tax loopholes that benefit the super-rich and international corporations, and to use the increased revenue for public services.[2] 

    “Ultimately, we urge world leaders to support the on-going UN Tax Convention process as a global multilateral platform that will shape and determine the future of taxation, one rooted in equity and justice,” added Njehu.

    ENDS

    Notes:

    [1] Fred Njehu is with Greenpeace Africa, based in Nairobi, Kenya.

    [2] The research was conducted by first-party data company Dynata in May-June, 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US, with approximately 1200 respondents in each country and a theoretical margin of error of approximately 2.83%. Together, these countries represent close to half the world’s population. Greenpeace / Oxfam – PPP survey results

    Contacts:

    Tal Harris, Global Media Lead – Stop Drilling Start Paying campaign, Greenpeace International. +41-782530550, [email protected]  

    Lee Kuen, Global Comms Lead – Fair Share campaign, Greenpeace International. +601112527489, [email protected]

    Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO

  • MIL-OSI Australia: What’s on this winter school holidays

    Source: Northern Territory Police and Fire Services

    Our CBR is the ACT Government’s key channel to connect with Canberrans and keep you up-to-date with what’s happening in the city. Our CBR includes a monthly print edition, email newsletter and website.

    You can easily opt in or out of the newsletter subscription at any time.

    MIL OSI News

  • MIL-OSI: Stabilization Notice -PAPREC Pre -Stab

    Source: GlobeNewswire (MIL-OSI)

    1st July 2025 

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    PAPREC Holding

    Pre-stabilisation Period Announcement

    BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

    The securities:1  
    Issuer: PAPREC HOLDING
    Guarantor (if any): [insert name]
    Aggregate nominal amount: EUR 5NC2 july 2030
    EUR 7nc3  july 2032 
    Description:  
    Offer price: [TBA  
    Other offer terms: [complete or delete as applicable]
    Stabilisation:  
    Stabilisation Manager(s) GLO co: BNPP/ Cacib

    Joint leads   SG /Natixis 

    Stabilisation period expected to start on: 1 July 2025
    Stabilisation period expected to end no later than: 9 Aug 2025
    Existence, maximum size and conditions of use of over‑allotment facility: The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
    Stabilisation trading venue: [Over the counter (OTC)] [insert venue name] [To be confirmed]

    In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

    In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus  Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

    This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. 

    The MIL Network

  • MIL-OSI: VelocityEHS Launches New “PSIF” AI to Identify the Next Serious Injury or Fatality Before It Happens

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 01, 2025 (GLOBE NEWSWIRE) — VelocityEHS, the global leader in EHS solutions and the pioneer in applying practical AI to workplace safety, today announced the release of AI PSIF Insights, a new feature within the company’s award-winning Incident Management solution on the VelocityEHS Accelerate® Platform. The feature leverages machine learning (ML) to uncover high risks companies carry forward hidden in “near miss” and other “minor” events, also known as Potential Serious Injuries and Fatalities (PSIFs) before they lead to life-altering harm.

    “EHS professionals have a professional and ethical responsibility to use AI and machine learning to reduce the risk of serious injuries and fatalities,” said Dr. Julia Penfield, Vice President of Research & Machine Learning at VelocityEHS.

    “AI PSIF Insights is built to put advanced risk detection into the hands of safety teams, regardless of their size or digital maturity. It helps them identify the most critical risks earlier, so they can act before harm occurs,” added Penfield.

    By analyzing incident and near miss reports, AI PSIF Insights identifies the potential for temporary and permanent disabilities, amputations, fatalities, and other severe outcomes without requiring any changes to workflows or additional forms. It automatically flags PSIF incidents and provides clear reasoning. Safety teams stay in control through human-in-the-loop validation, ensuring trust, transparency, and compliance.

    A Smarter, Faster Way to Surface Serious Risk

    Serious incidents seem to happen without warning, but the signs are often buried in incident or near miss reports when the underlying root causes are not identified or addressed. AI PSIF Insights surfaces those signals by:

    • Evaluating the quality of incident descriptions and offering instant, tailored suggestions to enhance the completeness, clarity, and actionable details of your documentation
    • Automatically analyzing incident reports to identify those with high potential for serious outcomes and send out automated notifications
    • Standardizing detection across sites and teams, improving safety performance and reporting accuracy
    • Enabling companies to focus their resources and investigations on risks hidden in minor incidents and near-misses with the highest potential for serious harm
    • Reducing manual triage time by 30–50% and freeing safety teams to focus on prevention instead of paperwork

    “This is not just a new release, it’s a shift in how safety gets done: helping EHS professionals get ahead of risk and act earlier, before harm happens,” said Matt Airhart, CEO of VelocityEHS. “Too often, serious injuries happen while safety teams are still trying to uncover hidden risks. AI PSIF Insights surfaces those risks sooner—no hoops to jump through, no new processes to learn, no additional set up, and no added cost.”

    No Extra Cost. No Extra Burden. No Excuses.

    AI PSIF Insights is especially valuable for mid-sized enterprise organizations in safety-critical industries, such as manufacturing, food & beverage, pharmaceuticals, and chemicals where near misses are common and consequences can be severe. The feature is available to all current and new Incident Management customers on the Accelerate Platform as part of their existing agreement.

    AI PSIF Insights is part of a broader VelocityEHS initiative to bring the power of machine learning and artificial intelligence to frontline EHS workflows.

    Other Velocity Features with Embedded ML/AI Include:

    • 3D Motion Capture (Industrial Ergonomics)
    • Ingredient Indexing (Chemical Management)
    • Automated review of Certificates of Insurance and OSHA Logs (Contractor Safety)

    Groundbreaking AI-Embedded Feature Launches Coming in 2025 Include:

    • Ergonomics Assessments for Hands (Industrial Ergonomics)
    • Job Safety Analysis Hazard and Control Recommendations (Operational Risk)
    • Hazard Type, Root Causes & Corrective Action Recommendations (Safety)

    Collectively, these tools empower organizations to improve regulatory compliance and enhance safety culture across every level of their business.

    For more information about the AI PSIF Insights feature and how it fits into the company’s broader AI strategy, visit https://www.ehs.com/solutions/safety/incident-management/.

    About VelocityEHS

    Relied on by over 10 million users worldwide, VelocityEHS is the global leader in true SaaS enterprise EHS & Sustainability technology. The VelocityEHS Accelerate® Platform delivers best-in-class software solutions for Safety, Ergonomics, Chemical Management, and Operational Risk, along with advanced applications for Contractor Safety, Permit to Work, Environmental Compliance, and GHG Reporting.

    The VelocityEHS team includes more certified professionals in health, safety, industrial hygiene, ergonomics, sustainability, and applied AI than any other EHS software provider. Recognized as a Leader in the Verdantix 2025 Green Quadrant, VelocityEHS is committed to driving innovation and industry leadership. The company maintains SOC 2 Type II attestation for top-tier data security and privacy.

    Headquartered in Chicago, Illinois, VelocityEHS operates offices in Ann Arbor, MI; Tampa, FL; Oakville, ON; London, UK; Perth, AUS; and Cork, IRL. For more information, visit www.EHS.com.

    Media Contact

    Jennifer Sinkwitts
    jsinkwitts@ehs.com

    The MIL Network

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 Per Share for July 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today a monthly distribution of $0.08 per share for July 2025. This distribution is payable to common stockholders on July 31, 2025 (as outlined in the table below).

    The Company declares distributions on a monthly basis, with its next distribution expected to be declared in early August. Payment of future distributions is subject to the approval of the Company’s Board of Directors, as well as meeting the covenants on the Company’s debt agreements and the terms of its preferred stock.

    Record Date / Ex-Date Payment Date Distribution Amount Return of Capital Estimate
    7/15/25 7/31/25 $0.08 50%(1)

    (1)   This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions.

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network

  • President Murmu inaugurates Mahayogi Guru Gorakhnath AYUSH University

    Source: Government of India

    Source: Government of India (4)

    President Droupadi Murmu inaugurated the Mahayogi Guru Gorakhnath AYUSH University in Gorakhpur, Uttar Pradesh, on Tuesday, marking a significant milestone in the advancement of traditional medicine and medical education in India.

    Addressing the gathering, President Murmu described the university as a modern embodiment of India’s rich ancient healing traditions. She emphasized that the institution would greatly enhance access to quality healthcare through AYUSH systems, benefiting over 100 affiliated colleges and the broader public. The President also lauded the state-of-the-art facilities developed at the university, calling them a step forward in holistic healthcare.

    Reflecting on her own journey in public life, the President spoke of the importance of selfless service and praised Uttar Pradesh Chief Minister Yogi Adityanath for his efforts in improving health, education, and agricultural infrastructure in the region. She urged healthcare professionals to uphold their responsibilities and remain true to their commitments of public welfare.

    Underscoring the significance of preventive care and healthy living, President Murmu advocated the regular practice of yoga, especially for those leading sedentary lifestyles. She stressed that embracing wellness through ancient Indian systems like Ayurveda, Yoga, Naturopathy, and Siddha was essential for building a healthier nation and contributing to India’s goal of becoming a developed country by 2047.

    Highlighting India’s natural wealth of medicinal plants and herbs, she called AYUSH a “precious gift” to the world. She expressed confidence that institutions like the Mahayogi Guru Gorakhnath AYUSH University would play a vital role in increasing the scientific validation and global popularity of traditional medicine systems.

  • President Murmu inaugurates Mahayogi Guru Gorakhnath AYUSH University

    Source: Government of India

    Source: Government of India (4)

    President Droupadi Murmu inaugurated the Mahayogi Guru Gorakhnath AYUSH University in Gorakhpur, Uttar Pradesh, on Tuesday, marking a significant milestone in the advancement of traditional medicine and medical education in India.

    Addressing the gathering, President Murmu described the university as a modern embodiment of India’s rich ancient healing traditions. She emphasized that the institution would greatly enhance access to quality healthcare through AYUSH systems, benefiting over 100 affiliated colleges and the broader public. The President also lauded the state-of-the-art facilities developed at the university, calling them a step forward in holistic healthcare.

    Reflecting on her own journey in public life, the President spoke of the importance of selfless service and praised Uttar Pradesh Chief Minister Yogi Adityanath for his efforts in improving health, education, and agricultural infrastructure in the region. She urged healthcare professionals to uphold their responsibilities and remain true to their commitments of public welfare.

    Underscoring the significance of preventive care and healthy living, President Murmu advocated the regular practice of yoga, especially for those leading sedentary lifestyles. She stressed that embracing wellness through ancient Indian systems like Ayurveda, Yoga, Naturopathy, and Siddha was essential for building a healthier nation and contributing to India’s goal of becoming a developed country by 2047.

    Highlighting India’s natural wealth of medicinal plants and herbs, she called AYUSH a “precious gift” to the world. She expressed confidence that institutions like the Mahayogi Guru Gorakhnath AYUSH University would play a vital role in increasing the scientific validation and global popularity of traditional medicine systems.

  • Cabinet clears ₹1 lakh crore RDI Scheme to boost private sector-led innovation

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at strengthening India’s research and innovation ecosystem, the Union Cabinet on Tuesday approved the Research Development and Innovation (RDI) Scheme, with a total outlay of ₹1 lakh crore. The scheme is designed to encourage greater private sector participation in research and innovation, particularly in strategic and sunrise sectors.

    The RDI Scheme seeks to provide long-term financing or refinancing to private companies at low or nil interest rates. Officials said the scheme addresses the persistent funding constraints faced by the private sector in taking up research projects, and aims to provide growth and risk capital for critical and emerging technologies. The government hopes this will promote technological adoption, enhance global competitiveness, and contribute to economic security and self-reliance.

    Under the scheme, projects at higher levels of Technology Readiness Levels (TRL) will receive funding, and support will also be extended for the acquisition of critical or strategically important technologies. The scheme will also facilitate the creation of a Deep-Tech Fund of Funds to back technology-focused ventures.

    The Research Development and Innovation Scheme will operate through a two-tier funding structure. At the first level, a Special Purpose Fund (SPF) will be set up within the Anusandhan National Research Foundation (ANRF), which will act as the custodian of the corpus. Funds from the SPF will then be allocated to various second-level fund managers, which will provide long-term concessional loans or, in some cases, equity funding—particularly for startups.

    The overarching strategic direction of the scheme will be provided by the Governing Board of the ANRF, chaired by the Prime Minister. The Executive Council of the ANRF will be responsible for approving guidelines and identifying second-level fund managers and projects in sunrise sectors. An Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme’s implementation, review its performance, and make decisions on sectors, project types, and fund managers. The Department of Science and Technology will serve as the nodal department for executing the scheme.

     

  • Cabinet clears ₹1 lakh crore RDI Scheme to boost private sector-led innovation

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at strengthening India’s research and innovation ecosystem, the Union Cabinet on Tuesday approved the Research Development and Innovation (RDI) Scheme, with a total outlay of ₹1 lakh crore. The scheme is designed to encourage greater private sector participation in research and innovation, particularly in strategic and sunrise sectors.

    The RDI Scheme seeks to provide long-term financing or refinancing to private companies at low or nil interest rates. Officials said the scheme addresses the persistent funding constraints faced by the private sector in taking up research projects, and aims to provide growth and risk capital for critical and emerging technologies. The government hopes this will promote technological adoption, enhance global competitiveness, and contribute to economic security and self-reliance.

    Under the scheme, projects at higher levels of Technology Readiness Levels (TRL) will receive funding, and support will also be extended for the acquisition of critical or strategically important technologies. The scheme will also facilitate the creation of a Deep-Tech Fund of Funds to back technology-focused ventures.

    The Research Development and Innovation Scheme will operate through a two-tier funding structure. At the first level, a Special Purpose Fund (SPF) will be set up within the Anusandhan National Research Foundation (ANRF), which will act as the custodian of the corpus. Funds from the SPF will then be allocated to various second-level fund managers, which will provide long-term concessional loans or, in some cases, equity funding—particularly for startups.

    The overarching strategic direction of the scheme will be provided by the Governing Board of the ANRF, chaired by the Prime Minister. The Executive Council of the ANRF will be responsible for approving guidelines and identifying second-level fund managers and projects in sunrise sectors. An Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme’s implementation, review its performance, and make decisions on sectors, project types, and fund managers. The Department of Science and Technology will serve as the nodal department for executing the scheme.

     

  • MIL-OSI United Kingdom: Immigration Advice Authority unveils new Customer Service Charter

    Source: United Kingdom – Executive Government & Departments

    News story

    Immigration Advice Authority unveils new Customer Service Charter

    The charter sets out what you can expect from us and what we ask of you in return.

    The Immigration Advice Authority (IAA) has launched a new Customer Service Charter, reinforcing its commitment to fair, professional, and accessible services. As the UK’s regulator for immigration advice, the IAA ensures that advisers meet high professional standards while providing clear guidance to the public. The charter outlines what individuals can expect when engaging with the IAA and also sets out the responsibilities expected of those using the IAA’s services and iterating with staff.

    A key focus of the charter is efficient complaint handling, with a commitment to acknowledging complaints, conducting thorough investigations, and keeping individuals informed throughout the process. The charter highlights the IAA’s role in enforcing standards, taking action against unlawful practices, and promoting public trust in immigration services.

    Transparency and accountability remain at the heart of the IAA’s mission. The organisation is dedicated to providing timely responses, publishing information about its policies and decisions, and continuously improving its services based on public feedback. The IAA encourages individuals to share their experiences and suggestions, reinforcing its commitment to a fair and supportive immigration advice system.

    Download the Charter to learn more about its details and how to engage with the IAA.

    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Roadmap unveiled to boost rights for half of all UK workers and provide certainty to employers

    Source: United Kingdom – Executive Government & Departments

    Press release

    Roadmap unveiled to boost rights for half of all UK workers and provide certainty to employers

    Government publishes the Employment Rights Bill Implementation Roadmap, setting out timelines for measures in the Bill coming into effect.

    ·       Comprehensive roadmap for Employment Rights Bill to raise living standards across the country whilst giving employers and workers the time to adapt.    

    ·       Sets out timelines for new landmark rights with 15 million, or half of all, workers set to start benefitting from later this year.  

    ·       Government will continue to consult with employers, workers and trade unions to ensure the best deal for growth and boosting living standards in line with the Plan for Change.     

    The Government has today (Tuesday 1 July) unveiled its comprehensive roadmap setting out how it will deliver its new package of workers’ rights through the plan to Make Work Pay.    

    Landmark changes delivered through the Employment Rights Bill including sick pay for 1.3 million of the lowest earners and day one rights to parental and paternity leave will be introduced for the first time from early next year, demonstrating the government’s determination to boost living standards and protections for millions, whilst giving employers the certainty they need to plan for future changes.  

    It also announces that the new Fair Work Agency will launch from early next year, creating a level-playing field so rogue employers cannot undercut good businesses who comply with the law.  

    Informed by more than 190 pieces of engagement with businesses and other crucial stakeholders over the last 12 months, a phased approach was taken to give workers clarity and employers time to prepare. Key measures in the Bill will come into effect in 2026 and 2027, whilst further consultations are planned from this year into next.  

    The reforms are a key part of the Government’s Plan for Change – the mission to make the country fit for the future by kick-starting economic growth and boosting productivity.    

    Deputy Prime Minister Angela Rayner said:     

    We’re working fast to deliver our promise of better living standards and more money in the pockets of working people as part of our Plan for Change.  

    These landmark reforms will kick in within months, demonstrating our commitment to making work pay for millions of workers across the country and delivering real change.

    Business Secretary Jonathan Reynolds said:     

    The Employment Rights Bill is a core part of the Plan for Change, directly benefiting half of all workers and boosting living standards across the country.     

     Since the beginning, we have been working with businesses big and small to ensure this Bill works for them, and this roadmap will now give them the clarity and certainty they need to plan, invest and grow.      

     By phasing implementation, our collaborative approach balances meaningful worker protections with the practical realities of running a successful business, creating more productive workplaces where both employees and employers can thrive. 

    Whether you’re a worker, an employer in the public or private sector, a trade union, a representative organisation, or from civil society, a wide range of voices have helped shape this Bill.     

    Delivering change that works for everyone remains a priority, which is why the Government will continue to consult with business groups, employers, workers and trade unions in phases on the detail of the measures, beginning this summer and continuing into the new year.      

    The rollout of all measures will follow a structured timeline, so that stakeholders can plan their time and resources to make sure they are ready when the changes come into effect. Highlights of the roadmap include:     

    After the bill is passed: 

    • Immediate repeal of the strikes (minimum service levels) act 2023 and the majority of the trade union act 2016 to create a better relationship with unions that will prevent the need for strikes. 

    • Protections against dismissal for taking industrial action to ensure workers can defend their rights without fear of losing their jobs. 

    April 2026: 

    • Collective redundancy protective award – doubling the maximum period of the protective award to provide stronger financial security for workers facing mass redundancies. 

    • ‘Day one’ paternity leave and unpaid parental leave to support working families from the very start of employment. 

    • Whistleblowing protections to encourage reporting of wrongdoing without fear of retaliation. 

    • Fair work agency established to enforce labour rights and promote fairness in the workplace. 

    • Statutory sick pay – removing the lower earnings limit and waiting period to ensure all workers can afford to recover from illness without financial hardship. 

    • A package of trade union measures including simplifying trade union recognition process and electronic and workplace balloting to strengthen democracy and participation in the workplace. 

    October 2026: 

    • Ending unscrupulous fire and rehire practices to protect workers from being forced into worse terms under threat of dismissal. 

    • Regulations to establish the fair pay agreement adult social care negotiating body in England to raise standards and pay in the social care sector.  

    • Tightening tipping law – strengthen the law on tipping by mandating consultation with workers to ensure fairer tip allocation. 

    • Requiring employers to take “all reasonable steps” to prevent sexual harassment of their employees to create safer, more respectful workplaces. 

    • Introducing an obligation on employers not to permit the harassment of their employees by third parties to extend protections to all work environments, including public-facing roles. 

    • A package of trade union measures including new rights and protections for trade union representatives, extending protections against detriments for taking industrial action and strengthening trade unions’ right of access. 

    2027: 

    • Gender pay gap and menopause action plans (introduced on a voluntary basis in April 2026) to promote gender equality and support women’s health in the workplace. 

    • Enhanced dismissal protections for pregnant women and new mothers to safeguard job security during pregnancy, maternity leave and a return-to-work period. 

    • Further harassment protections, specifying reasonable steps which will help determine whether an employer has taken all reasonable steps to prevent sexual harassment to provide clearer guidance and stronger enforcement against harassment. 

    • Creating a modern framework for industrial relations to build a fairer, more collaborative approach to workplace relations. 

    • Bereavement leave to give workers time to grieve with job security. 

    • Ending the exploitative use of zero hours contracts to provide workers with stable hours and predictable income. 

    • ‘Day 1’ right to protection from unfair dismissal to ensure all workers are treated fairly from the start of employment. 

    • Improving access to flexible working to help people balance work with family, health, and other responsibilities. 

    To ensure employers and workers are in the best possible position when these measures come into effect, the Government will produce clear and comprehensive guidance to help organisations navigate the changes. This guidance will be made available in advance of implementation deadlines to allow time for familiarisation and preparation.     

    The Government will also work closely with Acas which will play a crucial role in both implementation of the new measures and continuing to provide support to employers and workers moving forward.      

    By taking a phased and measured approach to implementation, the Government aims to create lasting positive change to employment rights in the UK that works for both workers and businesses.    

    Peter Cheese, chief executive of the CIPD, the professional body for HR and people development, commented:  

    We asked for a clear plan from the government, so we’re pleased to see this roadmap launched today, which will give employers some more clarity to prepare for the biggest set of workplace reforms in decades.   

    We’re pleased to see that the measures are being phased in gradually over many months. This will give more time for further consultation on key points of detail, and organisations more time to update their policies and practices.   

    It’s positive to see the recognition of the critical role for Acas in supporting employers to comply with the new measures. We will work with the government to help provide the guidance the HR profession and managers need to implement the upcoming changes. Small businesses in particular will need clear advice and guidance to help them comply.

    TUC general secretary Paul Nowak said: 

    After the failed era of insecure work and squeezed living standards, the Employment Rights Bill is badly needed. Banning exploitative zero hours contracts, giving workers a stronger voice and ending fire and rehire are all common-sense and popular reforms. 

    It’s welcome that workers will start to benefit from these long overdue changes from later this year – but this timetable must be a backstop. We need to see these new rights in action as soon as possible. Decent employers don’t need to wait for the law to change. They should be working with staff and unions right now to introduce these changes as quickly as possible.  

    It’s time to level up Britain’s workplaces and end the scourge of insecure work.

    Co-op Group CEO Shirine Khoury-Haq said: 

    The Co-op is supportive of the Government’s ambitions to strengthen rights for workers through the Employment Rights Bill – as the world’s oldest and UK’s largest consumer co-operative, doing right by our 54,000 colleagues is core to our approach to doing good business. 

    We are convinced that treating employees well promotes productivity – it helps employers recruit, develop and retain the talent they need.  Working in partnership with Government we believe this Bill is a once in a generation opportunity to ensure all workers are treated fairly whoever their employer might be.

    Neil Carberry, Recruitment and Employment Confederation (REC) Chief Executive, said:  

    This clear timeline on the Employment Rights Bill gives room for full and frank consultation on how the new rules will be structured. It also gives businesses important time to plan.  

    Now we have the roadmap, ongoing and meaningful engagement will be critical to ensuring new regulations allow the flexibility workers and companies value to remain. That’s what gives workers freedom and choice, and helps businesses adjust in changeable markets. A clear process which addresses reasonable business concerns about the new rules is essential.  

    The Bill is a real opportunity to update workplace protections in a way that reflects how people work today, but getting the balance right will be crucial to supporting the government’s growth ambitions.

    Acas Chief Executive Niall Mackenzie said:   

    We welcome the publication of the Employment Relations Bill Roadmap, giving clarity to employers and workers on the timescale for these important changes to employment law. At Acas, we know that good workplace relations is at the heart of resilient, successful organisations and good business. It is encouraging to see the government place employment relations at the heart of its plan to grow the economy.  

    Acas will continue to work with the Department for Business and Trade, employers, trades unions and others to support employers and workers. We are proud to be the go-to organisation to help navigate changes to workplace relations through our expert Codes, guidance and freely available advice.

    Kate Nicholls, Chief Executive of UKHospitality, said:  

    Clear and precise timelines on when aspects of this legislation, and the processes to deliver them, will come into force is essential, and it was important that the Government embark on providing clarity. 

    There are substantial changes for businesses in the Employment Rights Bill and it’s right that the Government is using the appropriate implementation periods for the most complex issues for hospitality, in order to get the details right for both businesses and workers.

    Prospect General Secretary Mike Clancy said:  

    With such an important and technical piece of legislation, there is always a balance to be struck between speed and precision, and this sensible timetable ensures that there is sufficient time to make sure the legislation is robust and works as intended.    

    The Bill rightly involves a significant rebalancing of workplace power in favour of employees, and this must lead to improved industrial relations based on constructive working between unions and employers.  

    Ultimately, the big change we need in the labour market is an increase in trade union membership and density in the private sector, and it is welcome that next year will see the lifting of many of the restrictions that have constrained the growth of unions and our ability to represent workers across the economy.

    Community Assistant General Secretary Alasdair McDiarmid said:  

    It’s great that we now have a comprehensive roadmap in place for the Employment Rights Bill.  

    The government has engaged diligently with unions and businesses during the development of the bill, and we are proud to have played a role in shaping what we believe will be a transformative piece of legislation for working people across the UK.  

    We will continue to work closely with the Department for Business and Trade to ensure that the bill is successful, and we would encourage other stakeholders to do the same.

    Gary Smith, GMB General Secretary, said:  

    It is good to see that this Government is matching words with action on trade union rights. There’s always more that can be done, but the Employment Rights Bill represents the biggest improvement in workers’ rights for a generation.  

    GMB members now know when these much-needed improvements will happen – we urge good employers not to wait; do the right thing and make these changes a reality today.

    Notes to editors:     

    ·       Full details of the implementation roadmap are available here.    

    ·       Employment Rights Bill to be implemented in phases, giving employers the time and certainty they need to adapt.    

    ·       Roadmap outlines timelines for delivery, ranging from soon after the Bill is passed to April 2026, October 2026 and 2027.      

    ·       Government will continue to consult with employers, workers and trade unions to ensure the best deal for growth and boosting living standards in line with the Plan for Change.     

    ·       The 15 million workers figure is based on analysis of the Labour Force Survey (October to December 2024) to avoid double counting, and includes workers that will benefit from Unfair Dismissal, Zero Hour Contracts, Statutory Sick Pay, Trade Union changes and Fair Pay Agreements.

    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Freight trains connect China’s Guangdong-Hong Kong-Macao Greater Bay Area with Central Asia

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — A freight train carrying goods from the Guangdong-Hong Kong-Macao Greater Bay Area departed from Zengcheng Railway Station in Guangzhou City, capital of south China’s Guangdong Province, on Thursday, and will cross the border at Horgos Port in northwest China’s Xinjiang Uygur Autonomous Region to Kazakhstan. The goods on board mainly include dishwashers, refrigerators and clothing, worth about 15.3 million yuan, the Guangzhou Daily reported, citing local customs information.

    In recent years, the pace of urbanization in Central Asian countries has accelerated, and local consumers’ demand for various goods has increased significantly. A wide range of goods produced in the Guangdong-Hong Kong-Macao Greater Bay Area, including household appliances, clothing and footwear, are popular in the Central Asian market.

    “The trains to Central Asian countries mainly carry consumer goods produced in the Guangdong-Hong Kong-Macao Greater Bay Area. The return trains carry agricultural and food products from Central Asia,” said Li Siqiang, an official with the International Freight Train Management Company of Guangzhou Transport Investment Corporation.

    “China-Central Asia train services are highly efficient, low-cost and flexible. The transportation time is about 10-15 days, more than twice as fast as sea transportation. It is suitable for transporting goods such as electronic products and auto parts,” said Xiao Shuailun, a manager at a local supply chain company.

    Since May 2021, when China-Central Asia freight train services from Guangzhou were first launched, there have been 126 departures of such trains, carrying goods worth more than RMB 1.6 billion. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Chinese and Russian musicians jointly give a concert in Beijing in honor of peace

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — The Central Folk Instrument Orchestra of China recently gave a gala concert “Ode to Peace” in Beijing under the direction of conductor Vyacheslav Valeev.

    The Russian conductor was specially invited to the musical event, which took place on the stage of the National Centre for the Performing Arts (NCPA) of China. The orchestra’s programs also featured pianist Elena Endeberya.

    The concert, dedicated to the theme “Peace,” featured four Chinese and Russian classical works, namely the Fantasy-Symphony for Folk Orchestra in F major, Fantasy on Themes by Ryabinin for Piano and Orchestra, as well as “Ode to the Yellow River” and “Ode to Peace” from the second part of the Chinese folk orchestral music work “The Yellow River.” -0-

    MIL OSI Russia News

  • MIL-OSI Russia: China’s Jiangsu Province and Central Asia Welcome ‘Golden Period’ of Cooperation Together

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — The roar of container ships in the port of Lianyungang (Jiasu Province, east China) and the hoot of China-Europe freight trains sound in unison. “Steel caravans” loaded with photovoltaic panels and precision instruments set off from the banks of the Yangtze River to the deserts of Central Asia. And on the shelves of Jiangsu stores, dried fruits from Central Asia look tempting, spreading a subtle aroma; cotton yarn from Central Asia dances briskly between the machines of textile factories, adding a special flavor to the “Made in Jiangsu” brand… According to the latest data from Nanjing Customs, in the first five months of 2025, Jiangsu Province’s export volume to five Central Asian countries amounted to 8.9 billion yuan, up 21.4 percent year on year.

    As part of the high-quality construction of the Belt and Road, Jiangsu and Central Asia are entering a “golden period” of cooperation together, local newspaper Xinhua Daily reported.

    Engineering projects are like a “steel frame”, trade flows are like “digital channels”, and high-level mutual visits and the implementation of policies and initiatives are “bridge pillars”, which are all involved in building the “Golden Bridge of the Silk Road” between Jiangsu and Central Asia. Despite the thousands of mountains and rivers separating them, thanks to the close industrial ties, Jiangsu and the Central Asian region have achieved deep integration. With unprecedented depth and breadth, the two sides continue to strengthen the foundation of mutually beneficial cooperation.

    Uzbekistan, the most populous country in Central Asia and a key hub on the ancient Silk Road, has been accelerating its industrialization in recent years and has been actively working with Jiangsu to develop practical cooperation.

    From the construction of a new district in Samarkand to the processing plant of the Almalyk Mining and Metallurgical Plant… The equipment of the Chinese engineering giant – Xuzhou Construction Machinery Group Co., Ltd. (XCMG) – has become the “standard equipment” for infrastructure construction for industrialization in Central Asia. “In Uzbekistan, XCMG equipment is present at almost all large construction sites,” said Sun Si, the responsible project manager of XCMG Corporation. Over the past three years, XCMG equipment exports to Uzbekistan have exceeded 2 billion yuan, and the current stock of such equipment in the country exceeds 8,000 units. Close partnerships have been formed with many local large construction companies, equipment rental companies and mining companies.

    As the e-commerce data and platform services of SOHO Holding intersect in the Central Asian digital space, the “Golden Bridge of the Silk Road” between Jiangsu and Central Asia will build more industrial highways. In January this year, SOHO Holding opened a representative office in Kazakhstan. This trading platform, located in the hinterland of Central Asia, will help enterprises in Jiangsu Province and other parts of the country to develop the Central Asian market.

    “We are creating not only a trading platform, but also a high-speed channel for industrial integration,” explained the project manager in charge. The main areas of cooperation were the creation of B2C e-commerce and car trade platforms, as well as the construction of foreign warehouses in Kazakhstan. According to the set goals, this cooperation will allow SOHO Holding to achieve a bilateral trade volume of USD 1 billion with Central Asia in 5 years.

    “Good products from Jiangsu” appear one after another on the market of Central Asian countries, and high-quality products from Central Asia continuously fill the shelves of stores in Jiangsu Province. “Last year, 14,800 tons of barley and 2,700 tons of feed wheat flour from Kazakhstan arrived in China on 11 China-Europe freight trains,” said a responsible executive of SUMEC International Technology Co., Ltd., which signed a framework agreement on cooperation in the field of agricultural products for 2024 with Kazakhstan’s Fort LLP worth about 500 million yuan. The company uses the direct purchase model from the manufacturer to reduce costs. In the future, it also plans to actively build a complete supply system for agricultural products within the framework of the Belt and Road Initiative, using Kazakhstan’s breadbasket.

    Crossing deserts and seas, linking the East and Central Asia, China-Europe freight trains, like racing “steel dragons,” carry hopes for cooperation and development opportunities. Since the launch of China-Europe freight train services, a total of more than 14,000 trains have been sent from Jiangsu to Central Asia with wagons loaded at 100 percent. Jiangsu Province has firmly held its position as the main transit corridor to Central Asia. -0-

    MIL OSI Russia News

  • MIL-OSI USA: UConn Students Combat Opioid Crisis in CT through Adopt a Health District Program

    Source: US State of Connecticut

    The Adopt a Health District (ADOPHD) Program provides students with internship experiences that directly support Connecticut communities fighting the opioid epidemic.

    “It empowers the students to feel like they count, that they can make a difference in the world,” says Peaches Udoma, ADOPHD program coordinator and adjunct professor of pharmacy practice.

    The program’s design began in 2021, when Nathaniel Rickles, project director and associate dean for admissions and student affairs in the School of Pharmacy, received a grant from the Connecticut Department of Mental Health and Addiction Services (DMHAS), funded through the Substance Abuse and Mental Health Services Administration (SAMHSA).

    Since the first year, when the program included just two interns, it has grown substantially. During the 2024-25 academic year, 10 students participated. Next year, the program will expand to include the Stamford Health District, the Housatonic Valley Health District, and a total of 14 interns.

    “The program is a great example of life-transformative education, as it bridges classroom learning with real-world application that can change the lives of those in our communities with the greatest needs for support and care,” says Rickles.

    Students participate in a variety of activities related to the opioid crisis, including receiving and providing training to use Narcan, a medicine that can rapidly reverse an overdose, providing information about recognizing fake pills and general information about opioids, and assisting in the safe disposal of medication.

    Two interns work in collaboration at each health district. Interns have worked in districts which include the towns of New London, Groton, East Hartford, West Hartford, Stratford, Bristol, Burlington, Cheshire, Prospect, and Wolcott.

    “The health districts get new ideas from people who are reading the research, who are on the cutting edge, who are excited and idealistic about changing the world,” Udoma says. “The benefits of the relationship are endless, on both sides.”

    While the program is administered through the School of Pharmacy, students have also come from the UConn MPH program, and more MPH students are applying this year. The majority of the interns, however, have come from the allied health sciences (AHS) program in the College of Agriculture, Health and Natural Resources.

    “Our students are really trying to get experience in different areas of healthcare and health promotion, so this is a perfect opportunity for them to get out into the community and put their knowledge to use,” says Jill Skowrenski, AHS administrative lead for student placement and engagement. “It’s so vital for the students to experiment in different paths in healthcare. It’s a great mix, this program led by the School of Pharmacy connecting with allied health students.”

    Eva-LaRue Barber ‘25 (CAHNR) was one of the AHS students who participated in the program last year.

    Barber works as an EMT and firefighter in New Haven, and already had experience administering Narcan.

    “I was really curious about how larger prevention techniques could be employed by a community,” Barber says.

    Barber interned in the Chesprocott Health District, which includes Cheshire, Prospect, and Wolcott.

    There, she and the other intern assigned to the district analyzed data to identify what groups were experiencing overdoses and how that compared to the district’s demographics.

    Because the population in the Chesprocott district is older, the interns went to senior centers and provided information about pill sorting and how to prevent accidental overdoses.

    They also hosted Narcan trainings at a school and participated in Drug Takeback Day.

    Barber made a video for the program’s YouTube channel, based on the in-person trainings.

    “I thought that was a really accessible way for people who couldn’t make it in for the trainings, and also to share with their friends and families,” Barber says.

    Barber will be working as a researcher at the Yale School of Medicine’s Department of Dermatology in the fall, before eventually attending medical school. She will continue to work with ADOPHD as a student coordinator.

    “I’m really interested in communities and how you can educate communities, especially with targeted approaches for their specific challenges,” Barber says. “For me, that’s something that was really important – recognizing communities and creating things for them.”

    Baber says she appreciates how she was able to tailor the experience to fit her interests.

    “You can really customize it to fulfill your needs,” Barber says. “You get out of it what you put into it.”

    Throughout the year-long program, students also collaborate on different teams to organize the program’s marketing, data, resources, and social events.

    “It’s not just academics, it’s not just what you learn in the classroom that is crucial to your success out in the world, it’s also your ability to work with others effectively and consider other opinions,” Udoma says. “So that’s why we put so much focus on the team-based approach.”

    Udoma says she and Rickles hope the program can become a national model.

    “If we could get students as boots on the ground all over the country bringing their ideas, their passion, and their openness to learning, we could really make a difference in the opioid crisis,” Udoma says.

    This work relates to CAHNR’s Strategic Vision area focused on Enhancing Health and Well-Being Locally, Nationally, and Globally.

    Follow UConn CAHNR on social media

    MIL OSI USA News

  • MIL-OSI USA: ‘The Ability to Give and Receive Love’: Researchers Look at Effects of Acceptance, Rejection

    Source: US State of Connecticut

    Even at 90 years old, Ronald P. Rohner still works 365 days a year.

    That’s holidays, weekends, sick days, and everything in between, he says. But the professor emeritus and director of the Center for the Study of Interpersonal Acceptance and Rejection knows he’s not going to be able to keep pace forever – no matter how much he wants.

    He’s picked Sumbleen Ali ’21 Ph.D., a research scientist at the Center and an assistant professor at SUNY Oneonta, to carry on the Center’s global mission, as they seek to advance research on Interpersonal Acceptance-Rejection Theory, known as IPARTheory, and continue to expand its reach worldwide.

    It’s part of what the two have put into their latest book, “Global Perspectives on Parental Acceptance and Rejection: Lessons Learned from IPARTheory,” published this spring.

    Rohner and Ali sat with UConn Today recently to talk about interpersonal acceptance and rejection, what started Rohner’s study of it, and what their advice is for lay people.

    IPARTheory, short for Interpersonal Acceptance-Rejection Theory, has a global reach with thousands of downloads from people worldwide. This map from late May shows the latest reach. (Contributed art)

    How did you get started with this research?

    Rohner: It all came from a passage in this 1956 book that was my favorite textbook when I was an undergraduate. The author said that, in general, rejected children tend to be fearful, insecure, attention seeking, jealous, hostile, and lonely. Because of some previous experiences I’d had working in Morocco, I thought that wouldn’t be true. That may be true for Americans, but that’s not true for people all over the world – especially the people I’d encountered in Morocco in the 1950s. One of my first assignments in graduate school was to use the cross-cultural survey method, that’s when you draw a sample of societies from around the world and code them in a certain way to see what’s true and not true for people worldwide. When I did the analysis, I discovered that some of what was said in my undergraduate book was true and some of it wasn’t. That completely captured my attention. Every class thereafter during my graduate career if I could possibly fit it in, I built on that initial cross-cultural study, and when I came to UConn in 1964, I continued doing these kinds of cross-cultural studies to find out what we’re really like as human beings.

    What are some of the things you’ve found?

     
    Rohner: We’ve worked with several hundred thousand people over the past 60-some-odd years on every continent except Antarctica, and while doing that, we’ve learned many lessons about what we’re like and not like as human beings. The beauty of the work we do is that we can now empirically document three things, among others. First, humans everywhere – in any place in the world that we’ve found so far – understand themselves to be cared about or not cared about in the same four ways. So far, no exceptions. Second, if you feel the person or people who are most important to you – these are usually parents when we’re kids and intimate partners when we’re adults, but there could be others like teachers or coaches – if you feel that person doesn’t really want you, appreciate you, care about you, love you, if you feel rejected by that person, most people will respond in exactly the same way. A cluster of 10 things start to happen. We get anxious, insecure. We have anger problems. Our self-esteem is impaired. Children can have issues of cognitive distortions, in which they start to think about themselves in distorted ways. The third important lesson comes from Sumbleen’s work.

    Ali: I came to UConn as a psychology student and enjoyed working with Ron so much that I decided to pursue a graduate degree in human development and family sciences. In conversations about IPARTheory, we developed an argument that parental acceptance and rejection might be rooted in our shared biocultural evolution, and I wanted to investigate how that shows up in the brain. This became the focus of my dissertation – the first in affective neuroscience at UConn – under the guidance of my Ph.D. advisors, Preston Britner and Ron Rohner. The research examined how early parental experiences shape emotional regulation. We scanned the brains of students who reported either parental acceptance or rejection while they played a simulated ball-tossing game designed to mimic social exclusion. Those with rejection histories showed more activity in areas linked to emotion and memory, suggesting they were re-experiencing past rejection. Participants who felt loved showed more activation in regions tied to rational thinking, possibly reframing the experience. Now, we’re analyzing resting-state brain data to see whether differences in brain connectivity appear even without an external task.

    Why is this research so important?

     
    Rohner: If you bang your thumb, it’s going to hurt. Two weeks from now you’re going to remember that when you did that, it hurt – but you’re probably not going to feel the pain. With rejection, though, every time you think about it for the rest of your life, it can light up your brain in the same way it did when it was happening. I sometimes say the childhood of rejected kids can bully them for the rest of their lives. A rejected child who as an adult gets into an intimate relationship with a partner who is patient and has other supportive traits can help the rejected person to start feeling cared about, maybe for the first time in her or his life. That can go a long way, but we haven’t found anything yet that completely erases those experiences of early childhood.

    Really, there aren’t any exceptions?

     
    Ali: IPARTheory does identify a group of people we call ‘affective copers.’ These are individuals who might have experienced rejection from their parents or one parent, but they don’t show psychological maladjustment to the same degree that other rejected individuals do because they had a buffer in their life, like a grandparent, an intimate partner, a friend, or a sibling who provided them with love and shelter and protection.

    Rohner: We’re exploring this theory of ‘affective copers’ because if we can find out what helps some people then maybe clinicians and other professionals can use that information with their clients to help them overcome their feelings of rejection. We have clinical partners all over the world – in the courts, schools, clinical settings. IPARTheory is being applied everywhere to help people with custody issues, parental alienation, etcetera. The reason this has become so widespread around the world is because it works for people everywhere.

    People experience rejection all the time. How do how do some get through these situations better than others?

     
    Rohner: Someone like a bus driver, for instance, you don’t really care about them, so if they’re snotty to you, you’re going to get irritated, but it will roll off easier. If you’re ostracized from a peer group, that hurts too, and it’ll light up the brain but it’s not going to have the same long-term effects as being hurt by an attachment figure. We have an adage in IPARTheory that we call the ‘emotional moon phenomenon’ that says: ‘Sometimes I’m happy, sometimes I’m blue. My mood all day depends on my relationship with you.’ An attachment figure for us in IPARTheory is someone with whom your feelings of happiness and welfare are to some extent dependent on your relationship with that other person. When things are going well between you and them, times are great. When things start going out of whack, you get upset and stay that way. That’s an attachment figure. The bus driver is not an attachment figure. The breakup of even a bad intimate relationship is painful and will have an enduring effect for many people for a long time, but if you come from a loving family when that relationship ends there will be a period of upset, but you’ll tap the resilience from your prior background to get you through the hard times.

    Do you have any advice for lay people?

    Rohner: There’s no single experience in human life that’s more important, that has greater impact over the entire course of your life than the experience of being cared about by the people who are most important to you. That’s the fundamental lesson behind all of this. I don’t care what somebody says about what’s going on in a relationship, it’s what you feel is going on that makes the difference in your life.

    Ali: Early experiences of parental love, acceptance, or rejection leave children with far more than just memories. They fundamentally shape how children, and the adults they become, perceive themselves, relate to others, and make sense of the world. To that end, we have to keep working to understand why some parents love their children versus why others don’t, the ability to give and receive love. Our goal is for people to better understand themselves and understand those around them. Through our research and advocacy, we want to build a better community and foster healthy interpersonal relationships by improving our understanding of one another.

    MIL OSI USA News

  • MIL-OSI USA: Neag School of Education Hosts “Why Teach, Why Now” Contest for Early College Experience Students

    Source: US State of Connecticut

    On June 26, the Neag School of Education celebrated the winners of its “Why Teach, Why Now” contest, which encouraged high school students enrolled in its education Early College Experience courses to share why they wish to become educators in urban settings. The three winners of the contest were Aiden Tetreault from Enfield, who came in first place; Madelyn Heitmann of Milford, who came in second; and Keira Beck of Milford, who came in third.

    The Neag School had 924 students enrolled in its ECE courses across 45 Connecticut high schools during the 2024-2025 academic year, and all were invited to submit for the contest. Submissions had to be either 250-500-word essays or 5-minute videos describing why they want to be urban educators and why now. A committee of faculty from the Neag School’s Office of Teacher Education — including Alyssa Hadley Dunn, Austina Lee, and Kathryn Nagrotsky — judged the submissions and selected the winners.

    “At a time when teachers and teaching are often under attack, it was a true privilege to review the submissions of future urban educators who are committed to the profession,” says Dunn, who is the director of teacher education for the Neag School.

    On Thursday evening, Tetreault, Heitmann, and Beck, along with their families and teachers, were invited to a celebratory reception at UConn Hartford. All three students read their winning submissions for the group before receiving small award plaques.

    “Aiden, Madelyn, and Keira’s essays illustrated the importance of working for justice and equity for all children,” Dunn says. “Their ECE teachers had clearly done a great job of helping them understand the power of teachers in today’s world, and their writings beautifully linked their personal experiences with their future profession.”

    Expanding its ECE course offerings and enrollment has been a priority for the Neag School for the past few years. When the School piloted two ECE courses in 2021-2022, only five school districts participated. Since then, the Neag School has expanded to offer four courses and has steadily increased its enrollment every year. The ECE courses it currently offers include: EDCI 1100: If You Love It, Teach It; EDLR 1162: Health and Education in Urban Communities; EDLR 2001: Contemporary Social Issues in Sport; and EPSY 1100: Introduction to Special Education.

    “Not only do these courses allow students to earn UConn credits while still in high school, but they also offer the chance to explore careers in education,” said Neag School Dean Jason G. Irizarry during his welcome remarks at the event. “We need passionate future educators more than ever, and I’m thrilled that we’re recognizing three of them tonight.”

    The event was supported by the John and Carla Klein Endowment for Urban Education through the UConn Foundation.

    “The Neag School of Education has a longstanding commitment to preparing educators to work in the schools that need them the most,” Irizarry said. “We are lucky that multiple donors – most notably, Carla Klein – are also invested in that vision. We are grateful for their generosity.”

    To learn more about UConn’s Early College Experience, visit ece.uconn.edu.

    MIL OSI USA News

  • MIL-OSI: FinWise Bancorp to Host Second Quarter 2025 Earnings Conference Call and Webcast on Thursday, July 24, 2025

    Source: GlobeNewswire (MIL-OSI)

    MURRAY, Utah, July 01, 2025 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced that it will report its second quarter 2025 results and host a conference call and webcast after the market close on Thursday, July 24, 2025.

    Conference Call Information

    The conference call will be held at 5:00 p.m. ET to discuss financial results for the second quarter of 2025. The dial-in number is 1-877-423-9813 (toll-free) or 1-201-689-8573 (international). The conference ID is 13754178. Please dial the number 10 minutes prior to the scheduled start time.

    Webcast Information

    The webcast will be available on the Company’s website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call.  

    Submission of Conference Call Questions

    In addition to questions asked live by analysts during the call, the Company will also accept for consideration questions submitted via email prior to 5:00 p.m. ET on Thursday, July 24, 2025. Please email questions to investors@finwisebank.com.

    About FinWise Bancorp

    FinWise provides Banking and Payments solutions to fintech brands. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. As part of Strategic Program Lending, FinWise also provides a Credit Enhanced Balance Sheet Program, which addresses the challenges that lending and card programs face diversifying their funding sources and managing capital efficiency. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. FinWise is also expanding and diversifying its business model by incorporating Payments (MoneyRails™) and BIN Sponsorship offerings. Through its compliance oversight and risk management-first culture, FinWise is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

    For more information on FinWise Bank, visit https://investors.finwisebancorp.com.

    Contacts:
    investors@finwisebank.com
    media@finwisebank.com        

    The MIL Network

  • MIL-OSI Africa: Government reaffirms commitment to support agricultural extension services

    Source: South Africa News Agency

    Agriculture Minister John Steenhuisen has reaffirmed government’s unwavering commitment to agricultural extension services, highlighting their pivotal role in fostering inclusive rural development, ensuring food security, and facilitating vital knowledge transfer.

    Steenhuisen made the commitment at the centenary celebration of the establishment of formal agricultural extension services in the country.

    The Minister also officially opened the 58th annual conference of the South African Society for Agricultural Extension (SASAE) and Agricultural Extension Week, currently underway in Kempton Park, Johannesburg.

    This historic centenary coincides with the inaugural South African Agricultural Extension Week and the 58 Conference of the South African Society for Agricultural Extension.

    The annual conference of SASAE aims to address critical issues in agricultural extension and development.

    This year’s conference is held under the theme: “Leveraging innovation and technology to enhance Extension and Advisory Services for sustainable agriculture, improved livelihoods and food security.”

    The week-long event includes field visits to eight diverse agricultural projects, ranging from rooftop urban farming at Morningside Mall, to hemp farming, egg production, and both crop and livestock farming, amongst others.

    During the conference, delegates will also engage with scientific presentations delivered by extension practitioners, professors, and doctoral researchers from top South African universities, to further enhance agricultural production and intensify the national fight against hunger and food insecurity.

    In his keynote address on Monday, Steenhuisen said the centenary marks not only a historic achievement since the establishment of formal extension services in South Africa in 1925, but also a “renewed commitment to ensuring that agricultural extension remains at the heart of inclusive rural development, food security, and knowledge transfer in our country.”.”

    “Agriculture is the bedrock of South Africa’s economy and society. It ensures food security, supports rural livelihoods, and drives employment. However, it is the work of our extension practitioners that truly unlocks the potential of our producers, particularly smallholders who depend on support, advice, and innovation,” Steenhuisen said.

    He also emphasised that extension practitioners provide practical, tailored advice that helps producers improve productivity, adopt sustainable practices, manage risks, and access markets.

    The Minister underscored the critical role extension practitioners play in providing practical, tailored advice that helps producers improve productivity, adopt sustainable practices, manage risks, and access markets.

    “Their role underpins the entire agricultural value chain, which contributes about 12% to the national gross domestic product (GDP). Notably, the agricultural sector grew by 15,8% in the first quarter of 2025 – a growth driven in no small part by the work done by extension practitioners.”

    Support for smallholders

    To enhance support for producers, particularly smallholders, Steenhuisen announced the rollout of the Smallholder Horticulture Empowerment and Promotion (SHEP) approach, implemented in partnership with the Japan International Cooperation Agency (JICA).

    “This “market-oriented agriculture” model is already bearing fruit, with 18 extension officers trained in Japan last year and another 20 scheduled to depart this October. The department will also prioritise assistance to women, youth, and persons with disabilities in the agricultural sector as these groups often face the greatest barriers.

    “To support this, the department will employ 260 assistant agricultural practitioners this year, strengthening its capacity to deliver extension services. The department’s Farmer Field School (FFS) initiative, supported by the Food and Agriculture Organization (FAO), is also being expanded from its current base in Limpopo, Mpumalanga, and Northern Cape,” the Minister said.

    He further emphasised the need to make agriculture a career of choice for young people by showing them its breadth, “from agritech and agro-processing to entrepreneurship and policy.” – SAnews.gov.za

    MIL OSI Africa

  • Cabinet nod for ELI scheme to create over 3.5 crore jobs

    Source: Government of India

    Source: Government of India (4)

    The Union Cabinet on Tuesday gave its nod to the Employment Linked Incentive (ELI) Scheme aimed at encouraging large-scale job creation and strengthening social security for the country’s workforce.

    The ELI Scheme, which was announced in the Union Budget 2024–25 as part of the Prime Minister’s package of five schemes for youth employment and skilling, has a total budget outlay of Rs 99,446 crore. It targets the creation of over 3.5 crore jobs within two years, with benefits applicable for employment generated between August 1, 2025, and July 31, 2027. Of the total employment target, 1.92 crore beneficiaries are expected to be first-time entrants into the workforce.

    The scheme comprises two key components. Under the first component, first-time employees registered with the Employees’ Provident Fund Organisation (EPFO) will receive a direct incentive equivalent to one month’s wage, capped at Rs 15,000, paid in two instalments. Eligible employees with monthly salaries up to Rs 1 lakh will receive the first instalment after six months of continuous service and the second instalment after twelve months, subject to completion of a financial literacy programme. To encourage saving habits, a part of the incentive will be held in a fixed deposit or savings instrument, which can be accessed by the employee at a later stage.

    The second component focuses on incentivising employers to create additional jobs across sectors, with added benefits for the manufacturing industry. Employers registered with the EPFO will receive up to Rs 3,000 per month for each new employee retained for at least six months. The incentive varies according to the wage slab, with employers receiving Rs 1,000 per month for employees earning up to Rs 10,000, Rs 2,000 for those earning between Rs 10,000 and Rs 20,000, and Rs 3,000 for those with wages above Rs 20,000 but within the Rs 1 lakh limit. For establishments with fewer than 50 employees, at least two new hires must be made to qualify for the incentive, while larger establishments must hire at least five. In the case of the manufacturing sector, the benefits for employers will extend up to four years.

    Payments to first-time employees will be made through Direct Benefit Transfer using the Aadhaar Bridge Payment System, while payments to employers will be credited directly to their PAN-linked bank accounts.

    The ELI Scheme is part of the government’s broader push to facilitate employment and skill development for 4.1 crore young people under the budgeted allocation of Rs 2 lakh crore. Apart from boosting job opportunities, the scheme is expected to advance the formalisation of the workforce by extending social security cover to millions of youth entering the organised sector for the first time.

  • MIL-OSI United Kingdom: UN Human Rights Council 59: UK Statement for Fiji’s UPR Outcomes Session

    Source: United Kingdom – Executive Government & Departments

    World news story

    UN Human Rights Council 59: UK Statement for Fiji’s UPR Outcomes Session

    UK Statement for Fiji’s Universal Periodic Review Outcomes Session. Delivered at the 59th session of the HRC in Geneva.

    Thank You Mr Vice President,

    We commend Fiji’s engagement with the UPR process.

    We welcome Fiji’s establishment of a Truth and Reconciliation Commission to promote healing, truth telling and national unity. The UK is pleased to have provided legal and communications assistance to support these efforts.

    The UK recognises the emphasis Fiji places on freedom of expression and assembly. We encourage Fiji to go further, to ensure a safe civic space for all Fijians to challenge and protest, strengthening democratic accountability. 

    We welcome Fiji’s openness to engage with the UN Special Rapporteur on the Independence of Judges and Lawyers and hope they will be able to visit soon.

    We also welcome Fiji’s commitment to countering gender-based and domestic violence. Fiji’s Action Plan and the police’s enhanced policies in this regard are reassuring. We encourage Fiji to continue monitoring this issue and to ensure the process delivers from investigation through to sentencing.

    We note the measures in place to counter human-trafficking, and encourage Fiji to build on these, in particular to ensure an effective enforcement mechanism.

    We look forward to Fiji’s continued progress through subsequent reviews.

    Thank you.

    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom