Category: Asia Pacific

  • MIL-OSI: Cloudbrink Supercharges Work from Anywhere with High-Performance ZTNA in LATAM, Korea, and Africa Through Strategic Channel Expansion

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., April 23, 2025 (GLOBE NEWSWIRE) — Cloudbrink, a leader in high-performance secure connectivity, today announced further global expansion through strategic channel agreements and a new in-country office in Brazil. Cloudbrink strengthened its commitment to partner-led ZTNA growth by signing exclusive Korea partner WITHX, a LATAM distribution agreement with partner BAMM Technologies, and African distribution via OneTic.

    “Cloudbrink solves the last-mile latency and reliability issues that channel partners in LATAM, Africa, and APAC face on a regular basis,” said Mark Craven, Channel Chief for Cloudbrink. “We are committed to a channel-first distribution strategy because for Cloudbrink it isn’t just about geographic expansion. It’s about enabling remote and hybrid workforces in regions that have been underserved by legacy solutions. Our goal is to bring world-class performance to emerging markets through the channel, not around it.”

    Game-changing performance that scales globally

    Cloudbrink’s new partnerships bring game-changing edge performance and security to global markets where infrastructure is a bottleneck. As announced today, Cloudbrink has achieved industry-leading SASE performance, providing its partners and their customers with a per-datacenter capacity of 300 Gbps and per-user throughput of 1 Gbps.

    Deploying and expanding traditional physical Points of Presence (PoPs) can be a time-intensive process, often taking several months or weeks to complete or sometimes years. With Cloudbrink’s software-defined FAST (Flexible, Autonomous, Smart, and Temporary) Edges, partners can rapidly deploy PoPs, based on user locations, by leveraging existing infrastructures from multiple telcos and public cloud providers. This approach allows Cloudbrink to provide users with edge latency as low as 4-7 milliseconds, significantly enhancing the work-from-anywhere experience.

    “WITHX is pleased to be the exclusive partner for Cloudbrink in Korea”, said KiHwan Lee, CEO, WITHX. “As hybrid work becomes the norm, demand for high-performance and reliable connectivity continues to rise – no matter where the end user is located. We are confident that Cloudbrink’s Personal SASE provide companies can deliver the fast, secure access their employees expect, with the security they need for little to no management overhead. We believe this partnership will help accelerate the adoption of more flexible and agile work environment in Korea as well.”

    LATAM and Africa expansion

    Cloudbrink’s expansion into Africa and Latin America are anchored by two partnerships, and a new physical presence in Brazil. Cloudbrink’s distribution agreement with OneTic Africa empowers African businesses to embrace digital transformation and compete on a global scale. In Latin America the increasing demand for secure connectivity is strong enough to support the company’s new office in Osasco, Sao Paulo in Brazil, as well as its new distribution partner, BAMM Technologies.

    “Cloudbrink is ZTNA that works,” said Miguel Daud, CEO of BAMM Technologies. “The impressive performance gains we can offer with Cloudbrink mean that we’re not just enabling a good work from anywhere experience for our customers, we’re enabling innovation anywhere. That’s the type of offering that creates great value for customers and helps us build long-term strategic relationships.”

    Channel Commitment

    Cloudbrink’s commitment to a channel-first go-to-market strategy reduces onboarding friction and increases the speed to value for customers in new markets. Channel partners like WITHX, BAMM Technologies, and OneTic offer local language support, cultural familiarity, and boots-on-the-ground expertise for deployment, troubleshooting, and integration ensuring an overall better hybrid work experience for customers and their end users.

    The new partnerships enable regional VARs, MSPs, and SIs to capitalize on Cloudbrink’s differentiated AI-powered ZTNA platform — addressing performance gaps in hybrid work environments, especially where traditional VPNs and SD-WANs struggle. Cloudbrink’s differentiated ZTNA + performance optimization technology enables partners to offer a solution that brings healthy margins, recurring revenue, and the potential for additional services such as managed access, onboarding, and optimization.

    “By working with regional distributors, we’re not just shipping software — we’re delivering a local experience that scales globally,” Craven added.

    About Cloudbrink
    Cloudbrink delivers a high-performance secure connectivity solution that significantly enhances productivity for the work-from-anywhere generation. The Personal SASE service offers up to a 30-fold increase in network performance and ensures a secure, seamless, in-office experience for employees, no matter where they are. With a focus on speed, simplicity, security, and savings, Cloudbrink streamlines management and support while providing edge-native zero-trust access for users and devices for simplified operations, reduced complexity, and fewer support calls. For more information go to www.cloudbrink.com.

    Media contact:
    Chris Fucanan
    AquaLab PR for Cloudbrink
    chris@aqualabpr.com
    916-345-3475

    The MIL Network

  • MIL-OSI USA: Imagine Shakespeare in Front of a PS4 – Probably Not, But the Bard Has Influenced Gaming

    Source: US State of Connecticut

    Even if William Shakespeare had made it to his 461st birthday today, it’s unlikely the famed playwright would have enjoyed a game of pin the tail on the donkey to celebrate.

    Born April 23, 1564, and died the same day 52 years later, Shakespeare would have preferred a round of chess or game of cards, maybe even a little (gasp!) gambling, to mark another year around the sun.

    Those were the games played in the Middle Ages, not the kids’ game, which was invented in the late 1800s and involves a blindfold and picture of an ass, though Shakespeare may have found amusement in the premise.

    Julia Wold ’25 Ph.D. guesses that Shakespeare would have been fascinated by modern advances in how we play, from rudimentary party games to the $185 billion global video game industry in which players have control over the story in just a flick of a joystick or press of a button.

    “As an artist who became more experimental as he got older, I think he would find the possibilities of video games as an art form really interesting and would probably enjoy the interactivity and the opportunity to try out different decisions and see what happens,” Wold says. “He strikes me as someone who was very interested in experimenting with new forms of entertainment.”

    For the last year, Wold, a graduating English scholar, has been a fellow at the UConn Humanities Institute, polishing her dissertation, “Adapting Choice: Shakespeare, Video Games, and Early Modern Thought,” a subject that she says brought her joy on even the hardest of days in completing the mechanics of research.

    “I wasn’t expecting to write a dissertation about video games, but then the game ‘Elsinore‘ came out and in it you play as the character Ophelia from ‘Hamlet,’ and I found it interesting to consider what changes were being made to the text to give Ophelia power and agency,” she says. “Then, I realized I wanted to look at what in Shakespeare’s plays is reflective of this culture of games and play and what is revealed about that culture when you adapt one of those plays into a video game.”

    To Game, or Not to Game

    To be clear, there were no video games in Shakespeare’s times, but, Wold says, games and game playing were part of everyday life and would have been something in which he engaged. Many around him would have played chess or cards, but betting on sports or other activities was commonplace, albeit more taboo.

    Those in the upper class or the nobility would have enjoyed so-called conversational games that could be played without equipment and after dark without the benefit of electricity, games like who-can-contrive-the-best-courting-method-to-nab-a-mate.

    Wold says that’s something seen clearly in Shakespeare’s “Much Ado About Nothing” when the couple Beatrice and Benedick trade romantic barbs in a game of social wit, scoring points off one another as they confess their love.

    These kinds of conversational games were popular, in part because in the 1500s people didn’t own as many possessions as they do today – never mind the fact that a plastic Scrabble board just simply hadn’t been invented. Owning equipment to play a sport, like a bow for archery or racket for tennis, would have been a luxury.

    Thus, even a simple guessing game, like guessing the correct casket in “The Merchant of Venice,” would have been considered a game, Wold says. But Shakespeare does give an obvious example of game playing in “The Tempest,” when Prospero teaches Miranda how to play chess.

    “He uses chess to teach her about the world, but he has an agenda. So, chess is used in a way that we’re used to seeing in a lot of TV and movies as a metaphorical language about how we control people and how factions work against each other,” she says.

    See, it started with Shakespeare.

    All the World’s (His) Stage

    Wold says that people in the 16th century also would have considered pantomime or the act of putting on a play a type of game. And that’s why Hamlet staging a play in “Hamlet” would have been considered a type of game and a form of play back then.

    But complex, detailed stage directions aren’t part of Shakespeare’s plays – that’s a more contemporary thing – and his work is easily molded, which means a modern-day director might ask an actor portraying Romeo to idle their time with Candy Crush while waiting for Juliet in a New York studio apartment. And to the viewer it all still makes sense.

    “Not all literature is so easily translated into new forms and new media across time,” Wold says. “Most of Shakespeare can be adapted to pretty much any time and place. There are Japanese ‘MacBeths.’ There are different versions of his plays performed in tribal contexts in Africa. The texts themselves are extremely malleable, and that is a benefit, not a detriment.”

    Similarly, many video games have narratives that change based on game play and user decisions – To be Team Instinct, or not to be, that is the Pokemon Go question.

    Wold points to “A Midsummer Night’s Dream” as a good example of how the structure of daily living, its rules and regulations, break away when a group of people are playing a game.

    “Think of the Lord of Misrule or the idea that you would take someone from lower down and make them a king for a day. A lot of games or game-like behavior is explicitly interested in the breaking down of norms within a safe, contained space,” she explains. “It gives people a safe space to play around with hierarchies without infecting broader society. ‘Midsummer Night’s Dream’ is a great example of that.”

    She notes, “The character Puck, he’s a joker. If we think about the image of the joker card, he very much fits that image.”

    The PlayStation’s the Thing

    Modern video gaming itself has morphed into an art form, going from pixelated cartoon graphics to life-like animation replete with fresh musical compositions and human voiceovers. The user interacts with them, engaging more than just hand-eye coordination.

    Much of that, Wold argues, hearkens to the act of putting on a play and the interactivity between the numerous people involved: actors, directors, costume designers, and so on. Each genre involves many hands and fully engages an audience.

    What’s more, a video game can be played differently with each round as a player elects different paths and makes different decisions; Arthur Morgan most often dies of tuberculosis in Red Dead Redemption 2, but a bullet is another possibility based on choices made along the way.

    So, too, can a theatrical performance change from matinee to evening as actors make subtle changes – let’s say adding or subtracting a wry smile, each time they take the stage.

    “Shakespeare’s influence is everywhere,” Wold says. “If you want to be a culturally media literate person, you need to know Shakespeare. His work is the foundation of a lot of cultural references, allusions, and influences. So many of our linguistics and turns of phrase originated with him.

    “This isn’t something you need to be thinking about 24/7 or accept 100% of the time,” she continues, “but when you want to look for it, you can find his influence. He’s ubiquitous, and a lot of modern gaming is based on this idea of a game space as the way that we understand it from Shakespeare.”

    MIL OSI USA News

  • MIL-OSI China: MOFA response to false claims regarding Taiwan in joint statement between PRC and Cambodia

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to false claims regarding Taiwan in joint statement between PRC and Cambodia

    • Date:2025-04-19
    • Data Source:Department of East Asian and Pacific Affairs

    April 19, 2025  

    Chinese leader Xi Jinping met with Cambodian Prime Minister Hun Manet during a visit to Cambodia from April 17 to 18. The two sides issued a joint statement on April 18 falsely claiming that the authority of United Nations General Assembly Resolution 2758 “brooks no question or challenge.” It also said that Cambodia “recognizes that there is but one China in the world and emphasizes that the government of the People’s Republic of China is the sole legal government representing the whole of China, and Taiwan is an inalienable part of China’s territory.” These statements could not be further from the truth.

     

    The Ministry of Foreign Affairs (MOFA) solemnly protests and condemns the Chinese government’s repeated dissemination of preposterous narratives aimed at undermining Taiwan’s sovereignty. It also expresses deep regret over the Cambodian government’s subservience to China, whose actions are designed to downgrade Taiwan’s sovereignty. 

     

    MOFA emphasizes that UNGA Resolution 2758 merely established China’s representation in the United Nations. It makes absolutely no mention of Taiwan, nor does it authorize the PRC to represent Taiwan in any international organization.

                                 

    MOFA reaffirms that the Republic of China (Taiwan) is an independent, sovereign country; that neither the ROC (Taiwan) nor the PRC is subordinate to the other; and that the Chinese communist regime has never governed Taiwan. It also reiterates that narratives aimed at distorting Taiwan’s sovereign status run contrary to reality and cannot change the internationally recognized status quo across the Taiwan Strait. MOFA strongly denounces the Chinese government for repeatedly claiming that Taiwan is an internal issue at international events and attempting to downgrade Taiwan’s sovereignty. 

     

    MOFA calls on the global community to be aware of China’s efforts to use lawfare to misrepresent UNGA Resolution 2758, mischaracterize Taiwan as an internal matter, and block international support for Taiwan. MOFA urges nations worldwide to continue to take concrete action to counter and explicitly oppose China’s relentless misrepresentation of the resolution and China’s malicious endeavors to change the cross-strait status quo, thereby jointly safeguarding peace, stability, and prosperity across the Taiwan Strait and the Indo-Pacific region.

    MIL OSI China News

  • MIL-OSI China: MOFA welcomes pragmatic step by the Philippine government to promote closer bilateral interactions

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA welcomes pragmatic step by the Philippine government to promote closer bilateral interactions

    • Date:2025-04-21
    • Data Source:Department of East Asian and Pacific Affairs

    April 21, 2025  

    No. 108  

    The government of the Philippines issued Memorandum Circular No. 82 on April 21. The document, signed by Executive Secretary Lucas Bersamin, declared that the Philippine government would relax certain restrictions on interactions with Taiwan to promote economic, trade, and investment relations between the two countries. 

    Minister of Foreign Affairs Lin Chia-lung affirms the Philippine government’s pragmatic step to promote bilateral relations, expressing his belief that new regulations will help Taiwan continue to deepen substantive cooperation with the Philippines under the policy of integrated diplomacy.

    The Ministry of Foreign Affairs stresses that Taiwan is the Philippines’ eighth-largest export market, ninth-largest trading partner, and 10th-largest source of imports. As Philippine President Ferdinand Marcos Jr. has emphasized repeatedly, peace and stability across the Taiwan Strait are a priority, while peace, security, and stability are the concern of all nations. Moving forward, Taiwan will continue to work with democratic allies such as the Philippines to jointly contribute to regional prosperity, peace, and stability. (E)

    MIL OSI China News

  • MIL-OSI China: MOFA sincerely thanks Saint Christopher and Nevis government for supporting peace and stability across Taiwan Strait

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA sincerely thanks Saint Christopher and Nevis government for supporting peace and stability across Taiwan Strait

    • Date:2025-04-21
    • Data Source:Department of Latin American and Caribbean Affairs

    April 21, 2025  

    No. 106  

    In a statement published on April 18, the government of Saint Christopher and Nevis said it observed with profound and growing concern the recent escalation of tensions in the Taiwan Strait. It said it held the conviction that all societies, regardless of size or geopolitical influence, should be allowed to advance their development without fear of aggression, intimidation, or the threat of conflict. In addition, it emphasized the need for constructive diplomacy to ensure lasting peace and security across the Taiwan Strait. 

     

    The Ministry of Foreign Affairs (MOFA) extends its sincere gratitude to the government of Saint Christopher and Nevis for taking concrete action to convey staunch support for peace and stability across the Taiwan Strait.

     

    This statement by the government of Saint Christopher and Nevis, which follows the adoption of a resolution by the country’s National Assembly on April 17 endorsing Taiwan’s international participation, fully demonstrates the close and cordial diplomatic bond between Taiwan and Saint Christopher and Nevis. As a responsible member of the international community, Taiwan will continue to work with the global democratic camp to jointly safeguard stable and prosperous development globally and throughout the Asia-Pacific region. (E)

    MIL OSI China News

  • MIL-OSI: YieldMax™ ETFs Announces Distributions on PLTY (101.54%), MARO (101.13%), ULTY (77.02%), MRNY (63.58%), NVDY (63.07%), and Others

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, MILWAUKEE and NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Weekly Payers and Group B ETFs listed in the table below.

    ETF Ticker1 ETF Name Distribution Frequency Distribution per Share Distribution Rate2,4 30-Day
    SEC Yield3
    ROC5 Ex-Date & Record Date Payment Date
    CHPY YieldMax™ Semiconductor Portfolio Option Income ETF Weekly $0.3454 0.23% 4/24/25 4/25/25
    GPTY YieldMax™ AI & Tech Portfolio Option Income ETF Weekly $0.2472 35.07% 0.00% 3.72% 4/24/25 4/25/25
    LFGY YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF Weekly $0.4088 58.94% 0.00% 100.00% 4/24/25 4/25/25
    QDTY YieldMax™ Nasdaq 100 0DTE Covered Call ETF Weekly $0.3231 44.04% 0.00% 0.37% 4/24/25 4/25/25
    RDTY YieldMax™ R2000 0DTE Covered Call ETF Weekly $0.4570 56.72% 0.00% 100.00% 4/24/25 4/25/25
    SDTY YieldMax™ S&P 500 0DTE Covered Call ETF Weekly $0.3024 38.99% 0.00% 0.00% 4/24/25 4/25/25
    ULTY YieldMax™ Ultra Option Income Strategy ETF Weekly $0.0836 77.02% 2.21% 96.26% 4/24/25 4/25/25
    YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs Weekly $0.0924 34.84% 69.89% 87.58% 4/24/25 4/25/25
    YMAX YieldMax™ Universe Fund
    of Option Income ETFs
    Weekly $0.1367 56.19% 96.57% 74.88% 4/24/25 4/25/25
    BABO YieldMax™ BABA Option Income Strategy ETF Every 4 Weeks $0.6587 50.19% 1.92% 91.80% 4/24/25 4/25/25
    DIPS YieldMax™ Short NVDA Option Income Strategy ETF Every 4 Weeks $0.6186 62.68% 2.36% 0.00% 4/24/25 4/25/25
    FBY YieldMax™ META Option Income Strategy ETF Every 4 Weeks $0.5216 48.14% 4.38% 91.40% 4/24/25 4/25/25
    GDXY YieldMax™ Gold Miners Option Income Strategy ETF Every 4 Weeks $0.7284 56.99% 2.77% 0.00% 4/24/25 4/25/25
    JPMO YieldMax™ JPM Option Income Strategy ETF Every 4 Weeks $0.5612 46.44% 4.01% 92.60% 4/24/25 4/25/25
    MARO YieldMax™ MARA Option Income Strategy ETF Every 4 Weeks $1.8468 101.13% 4.90% 97.16% 4/24/25 4/25/25
    MRNY YieldMax™ MRNA Option Income Strategy ETF Every 4 Weeks $0.1261 63.58% 4.65% 0.00% 4/24/25 4/25/25
    NVDY YieldMax™ NVDA Option Income Strategy ETF Every 4 Weeks $0.6734 63.07% 4.01% 85.30% 4/24/25 4/25/25
    PLTY YieldMax™ PLTR Option Income Strategy ETF Every 4 Weeks $4.6556 101.54% 2.78% 98.08% 4/24/25 4/25/25
    Weekly Payers & Group C ETFs scheduled for next week: CHPY GPTY LFGY QDTY RDTY SDTY ULTY YMAG YMAX ABNY AMDY CONY CVNY FIAT MSFO NFLY PYPY

    Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717.

    Note: DIPS, FIAT, CRSH, YQQQ and WNTR are hereinafter referred to as the “Short ETFs.”

    Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

    Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

    1  All YieldMax™ ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX, YMAG and FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio after the fee waiver of 1.30%. The Advisor has agreed to a fee waiver of 0.10% through at least February 28, 2026.

    2  The Distribution Rate shown is as of close on April 22, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

    3  The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended March 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

    4  Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.

    5  ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.

    Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

    Standardized Performance

    For YMAX, click here. For YMAG, click here. For TSLY, click here. For OARK, click here. For APLY, click here. For NVDY, click here. For AMZY, click here. For FBY, click here. For GOOY, click here. For NFLY, click here. For CONY, click here. For MSFO, click here. For DISO, click here. For XOMO, click here. For JPMO, click here. For AMDY, click here. For PYPY, click here. For XYZY, click here. For MRNY, click here. For AIYY, click here. For MSTY, click here. For ULTY, click here. For YBIT, click here. For CRSH, click here. For GDXY, click here. For SNOY, click here. For ABNY, click here. For FIAT, click here. For DIPS, click here. For BABO, click here. For YQQQ, click here. For TSMY, click here. For SMCY, click here. For PLTY, click here. For BIGY, click here. For SOXY, click here. For MARO, click here. For FEAT, click here. For FIVY, click here. For LFGY, click here. For GPTY, click here. For CVNY, click here. For SDTY, click here. For QDTY, click here. For WNTR, click here. For CHPY, click here. For RNTY, click here.

    Important Information

    This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

    Tidal Financial Group is the adviser for all YieldMax™ ETFs.

    THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

    Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

    YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

    Investing involves risk. Principal loss is possible.

    Referenced Index Risk. The Fund invests in options contracts that are based on the value of the Index (or the Index ETFs). This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index or an ETF that tracks the Index, even though it does not.

    Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    Russell 2000 Index Risks. The Index, which consists of small-cap U.S. companies, is particularly susceptible to economic changes, as these firms often have less financial resilience than larger companies. Market volatility can disproportionately affect these smaller businesses, leading to significant price swings. Additionally, these companies are often more exposed to specific industry risks and have less diverse revenue streams. They can also be more vulnerable to changes in domestic regulatory or policy environments.

    Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

    Risk Disclosures (applicable only to GPTY)

    Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory, and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

    Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

    Risk Disclosure (applicable only to MARO)

    Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

    Risk Disclosures (applicable only to BABO and TSMY)

    Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

    Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

    Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

    Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting, and investor protection standards than U.S. issuers.

    Risk Disclosures (applicable only to GDXY)

    Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

    Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

    The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

    Risk Disclosures (applicable only to YBIT)

    YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

    Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

    Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

    Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

    Risk Disclosures (applicable only to the Short ETFs)

    Investing involves risk. Principal loss is possible.

    Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

    Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

    Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA, MSTR), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Risk Disclosures (applicable only to CHPY)

    Semiconductor Industry Risk. Semiconductor companies may face intense competition, both domestically and internationally, and such competition may have an adverse effect on their profit margins. Semiconductor companies may have limited product lines, markets, financial resources or personnel. Semiconductor companies’ supply chain and operations are dependent on the availability of materials that meet exacting standards and the use of third parties to provide components and services.

    The products of semiconductor companies may face obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel. Capital equipment expenditures could be substantial, and equipment generally suffers from rapid obsolescence. Companies in the semiconductor industry are heavily dependent on patent and intellectual property rights. The loss or impairment of these rights would adversely affect the profitability of these companies.

    Risk Disclosures (applicable only to YQQQ)

    Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

    Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

    Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

    YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax™ ETFs.

    © 2025 YieldMax™ ETFs

    The MIL Network

  • MIL-OSI United Kingdom: Joint statement between the Prime Minister of the United Kingdom and the Prime Minister of New Zealand

    Source: United Kingdom – Executive Government & Departments

    Press release

    Joint statement between the Prime Minister of the United Kingdom and the Prime Minister of New Zealand

    This Joint Statement follows the meeting of the United Kingdom and New Zealand Prime Ministers in London on 22 April 2025.

    This Joint Statement follows the meeting of the United Kingdom and New Zealand Prime Ministers in London on 22 April 2025.

    Reflecting on the enduring UK-NZ partnership, underpinned by shared values, rich connections between our people, and profound mutual trust, and cognisant of these uncertain times, the Prime Ministers expressed high ambition to deepen cooperation to ensure our modern and dynamic partnership continues to thrive, and contributes to our security and prosperity. We are energised by our shared commitment to deliver for our people.

    The Prime Ministers reiterated their commitment to upholding the fundamental principles that underpin our partnership – democracy, human rights and the rule of law – which are central to a stable international order. They reaffirmed their commitment to international cooperation to address global challenges, supported by effective and efficient multilateral institutions, and recognised the indivisibility of the security and prosperity of the Euro-Atlantic and Indo-Pacific regions.

    The Prime Ministers reiterated their unwavering support for Ukraine and welcomed US-led efforts to achieve a just and lasting peace for Ukraine. The United Kingdom and New Zealand called on Russia to withdraw its forces immediately and end its illegal invasion. They called on those supporting Russia’s Military-Industrial Complex through the supply of dual use components and weapons, to cease fuelling Russia’s war against Ukraine. The Prime Ministers expressed gratitude to the military personnel of the United Kingdom and New Zealand who have trained over 54,000 Ukrainians through Operation Interflex the UK-led multinational training effort. As the conflict evolves, both Leaders agreed to coordinate on training to meet Ukraine’s evolving needs.

    The Prime Ministers welcomed on-going discussions on future support for Ukraine as part of the UK and France-led Coalition of the Willing – a multinational reassurance force to support Ukraine’s long-term defence and security. Prime Minister Starmer thanked New Zealand for its ongoing participation in military and diplomatic discussions about possible post-conflict support for Ukraine.

    Noting the mounting threats to international peace and security, the Prime Ministers noted the decisions taken by both governments to substantially increase defence spending. They agreed to renew our historic defence partnership to make it fit for the future, and to deepen cooperation in our defence capabilities and industries.

    The Prime Ministers acknowledged the ongoing cooperation between our defence forces on global challenges, including in the Middle East and Indo-Pacific. Prime Minister Starmer welcomed New Zealand’s upcoming participation in the UK-led Carrier Strike Group deployment in the Indo-Pacific, and welcomed ongoing consultations as New Zealand continues to explore potential opportunities for participation in AUKUS Pillar II.    

    The Prime Ministers agreed that maintaining peace and stability across the Taiwan Strait is indispensable to international security and prosperity. They reiterated their concern at China’s recent military exercises around Taiwan and called for the peaceful resolution of cross-Strait Issues.

    The Prime Ministers reaffirmed their commitment to work together to promote the prosperity, security and resilience of Pacific Small Island Developing States. In the context of climate change they welcomed joint work on the TIDES renewable energy investment fund.

    Free trade is a cornerstone of prosperity in both countries. Recognising that open markets, and reliable legal and regulatory frameworks are essential for trade, the Prime Ministers committed to strengthening and modernising the rules-based trading system. The Prime Ministers welcomed our enhanced trading relationship since the entry into force of the UK-NZ Free Trade Agreement, with the United Kingdom now one of New Zealand’s fastest growing export markets.

    The Prime Ministers agreed to work together to strengthen the role that free trade plays in increasing prosperity, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (which the United Kingdom and New Zealand are Parties to). This includes growing the agreement ambitiously through further accessions and pursuing concrete updates through the ongoing General Review.

    Noting that economic growth and improving the lives of British and New Zealand citizens are fundamental priorities for both governments, the Prime Ministers welcomed the signing of commercial deals including on clean technology and infrastructure.

    The Prime Ministers agreed to further enhance our mutual security and prosperity by: 

    • Forging a new Clean Energy Partnership to encourage two-way investment in renewable energy and low and zero emissions technologies.
    • Launching an investor partnership for New Zealand investment into agritech SMEs in the UK, and collaboration on Earth Observation from space.
    • Affirming our partnership with, and support for, Pacific Island countries’ climate resilience through clean energy, ecosystem resilience, and climate adaptation.
    • Continuing close cooperation to protect Antarctica as a place for peace and science and upholding the Antarctic Treaty System.
    • Strengthening cooperation in support of the rules-based system, including through reform of multilateral institutions.
    • Updating our Double Taxation Agreement to provide long term certainty and stability to business.
    • Recognising the renewed mutual recognition of professional qualifications between Engineering New Zealand and UK’s Engineering Council.
    • Modernising our Film and TV Co-production Treaty to promote the growth of our world-class screen industries and bring more iconic stories to the screen.

    Updates to this page

    Published 23 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Anamizu Town

    Source: UNISDR Disaster Risk Reduction

    Mission

    Anamizu is a town located in Hōsu District, Ishikawa Prefecture, Japan.

    Anamizu and its surrounding area experienced the 2007 Noto earthquake on March 25, 2007,and the 2024 Noto earthquake on 1 January 2024.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Shika Town

    Source: UNISDR Disaster Risk Reduction

    Mission

    Shika is a town located in Hakui District, Ishikawa Prefecture, Japan.

    On January 1, 2024, the region experienced intense shaking due to the 2024 Noto earthquake. The town experienced the highest possible intensity on the Shindo scale – 7.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Public Health Communication Centre

    Source: UNISDR Disaster Risk Reduction

    Mission

    The Public Health Communication Centre (PHCC) is dedicated to increasing the reach and impact of public health research, making it more accessible to the public and decision-makers. 

    Positioned at the intersection of Aotearoa New Zealand’s world-class public health research, public understanding, and evidence-informed policy, the PHCC bridges the gap between knowledge and action.

    MIL OSI United Nations News

  • MIL-OSI: Onity Group Schedules Conference Call – First Quarter 2025 Results and Business Update

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., April 23, 2025 (GLOBE NEWSWIRE) — Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that it will hold a conference call on Wednesday, April 30, 2025 at 8:30 a.m. (ET) to review the Company’s first quarter 2025 operating results and provide a business update.

    All interested parties are welcome to participate. You can access the conference call by dialing (800) 579-2543 or (785) 424-1789 approximately 10 minutes prior to the call; please reference the conference ID “Onity.” Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at onitygroup.com under Events and Presentations.

    An investor presentation will accompany the conference call and be available by visiting the Shareholder Relations page at onitygroup.com prior to the call.

    A replay of the conference call will be available via the website approximately two hours after the conclusion of the call. A telephonic replay will also be available approximately three hours following the call’s completion through May 14, 2025, by dialing (844) 512-2921 or (412) 317-6671; please reference access code 11158988.

    About Onity Group

    Onity Group Inc. (NYSE: ONIT) is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to consumers and business clients. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India and the Philippines, and have been serving our customers since 1988. For additional information, please visit onitygroup.com.

    For Further Information Contact:

    Investors:
    Valerie Haertel, VP, Investor Relations
    (561) 570-2969
    shareholderrelations@onitygroup.com

    Media:
    Dico Akseraylian, SVP, Corporate Communications
    (856) 917-0066
    mediarelations@onitygroup.com

    The MIL Network

  • MIL-OSI Economics: Verizon’s 2025 Data Breach Investigations Report: System intrusions behind 80% of APAC breaches

    Source: Verizon

    Headline: Verizon’s 2025 Data Breach Investigations Report: System intrusions behind 80% of APAC breaches

    SINGAPORE – Verizon Business today released its 2025 Data Breach Investigations Report (DBIR), sounding the alarm on a surge of system intrusions across the Asia-Pacific region. The report reveals that 4 out of 5 data breaches in the region stemmed from such attacks – up from 38% the previous year.

    Now in its 18th year, the report analysed more than 22,000 security incidents, including 12,195 confirmed data breaches spanning 139 countries. Malware increased from 58% last year in APAC to 83% this year, with Ransomware accounting for 51% of breaches.

    “This year’s report reinforces the growing complexity and persistence of cyber threats facing organisations worldwide. In the Asia-Pacific region in particular, external actors are targeting critical infrastructure and exploiting third-party vulnerabilities. The rising incidence of breaches highlights the imperative for businesses to reassess their risk frameworks,” said Robert Le Busque, Regional Vice President, Asia Pacific for Verizon Business.

    Key APAC Findings:

    • Social Engineering: The absolute number of Social Engineering breaches has been on the decline since 2021, it only accounts for 20% of breaches in 2025 due, in part, to the sharp increase of system intrusion
    • Malware: Malware in data breaches jumped significantly, from 58% last year to 83% this year with email being the key vector for distributing various types of malware
    • Ransomware: Now accounts for 51% of the total breaches in this region and remains highly visible as threat actors often publicize breaches

    Key Global Findings:

    • Exploitation of Vulnerabilities: This initial attack vector saw a 34% increase, with a significant focus on zero-day exploits targeting perimeter devices and VPNs
    • Ransomware: Ransomware attacks rose by 37% since last year, and are now present in 44% of breaches, despite a noticeable decrease in the median ransom amount paid.
    • Third-Party Involvement: The percentage of breaches involving third parties doubled, highlighting the risks associated with supply chain and partner ecosystems
    • Human Element: Human involvement in breaches remains high, with a significant overlap between social engineering and credential abuse

    The 2025 DBIR also shed light on industry-specific trends, revealing an alarming rise in espionage-motivated attacks in the Manufacturing and Healthcare sectors, and persistent threats to the Education, Financial, and Retail industries. The report also highlighted the disproportionate impact of ransomware on small and medium-sized businesses (SMBs).

    Verizon Business’s 2025 DBIR serves as a wake-up call for businesses to take immediate action to strengthen their cybersecurity posture and mitigate the risks posed by evolving cyber threats. With the median ransom payment to cybercriminals last year being US$115,000, this is a significant amount for many SMBs. By adopting a proactive and comprehensive approach to cybersecurity, businesses can help safeguard their assets, protect their customers, and ensure their long-term success in an increasingly digital world.

    “This year’s DBIR findings reflect a mixed bag of results. Glass-half-full types can celebrate the rise in the number of victim organizations that did not pay ransoms with 64% not paying vs 50% two years ago. The glass-half empty personas will see in the DBIR that organizations that don’t have the proper IT and cybersecurity maturity – often the SMB sized organizations, are paying the price for their size with ransomware being present in 88% of breaches,” said Craig Robinson, Research Vice President, Security Services at IDC. “While there is no magic pill to swallow that will alleviate the pain of cybersecurity attacks, Verizon’s leadership in educating the public on the types of attacker motives, tactics and techniques is a key head start in raising global awareness and cyber readiness”

    Visit our Cybersecurity Awareness page to learn more about data privacy and Verizon’s efforts.

    MIL OSI Economics

  • MIL-OSI USA: Lt. Gov. Luke – RELEASE – Over 4,000 Meals Raised for Hawaiʻi Foodbank at State Capitol

    Source: US State of Hawaii

    Lt. Gov. Luke – RELEASE – Over 4,000 Meals Raised for Hawaiʻi Foodbank at State Capitol

    Posted on Apr 22, 2025 in Latest Department News, Newsroom

    STATE OF HAWAIʻI
    KA MOKU ʻĀINA O HAWAIʻI

     

    SYLVIA LUKE
    LIEUTENANT GOVERNOR
    KE KEʻENA O KA HOPE KIAʻĀINA

    FOR IMMEDIATE RELEASE

    April 22, 2025

    Over 4,000 Meals Raised for Hawaiʻi Foodbank at State Capitol

    Lieutenant Governor Sylvia Luke Hosts 3rd Annual Food Drive Fest

     

     

    (Video/Photos Courtesy: Office of the Lt. Governor)

    HONOLULU — State employees, including legislators and Lieutenant Governor Sylvia Luke, came together to collect donations to provide more than 4,000 meals for the Hawaiʻi Foodbank during the 3rd Annual Food Drive Fest, held last week at the State Capitol. The two-day event, held April 16–17, featured local businesses and raised awareness about food insecurity as part of the 26th Annual State Employees’ Food Drive.

    The total includes both nonperishable food items and monetary donations collected by state employees and attendees. State employees represent the largest coalition supporting the Hawaiʻi Foodbank.

    “Mahalo to everyone who showed up, donated, and supported this year’s Food Drive Fest. State employees continue to lead with aloha — always looking out for our neighbors, coworkers, and ʻohana across Hawaiʻi,” said Lt. Gov. Luke. “Together, we’re not just collecting food — we’re helping ensure that families across our state have the support they need.”

    For 26 years, state employees have united annually to support the Hawaiʻi Foodbank through donations and outreach. This year’s State Employees’ Food Drive runs through May 9.

    The Taipei Economic and Cultural Office (TECO) in Honolulu also stopped by to donate nonperishable food in support of the cause.

    Anyone can support the Hawaiʻi Foodbank by donating online. Employee donations will count toward their department’s overall total.

    Donations can be made at hawaiifoodbank.org/state. Nonperishable food donations are also being accepted in person at the Lieutenant Governor’s office at the State Capitol (415 S. Beretania St., Fifth Floor).

    Media Contact:

    Shari Nishijima

    Communications Director

    Office of the Lieutenant Governor

    Cell: 808-978-0867

    MIL OSI USA News

  • MIL-OSI USA: DLNR News Release – NATIVE TREES CENTER STAGE AT EARTH DAY PLANTING CEREMONY, April 22, 2025

    Source: US State of Hawaii

    DLNR News Release – NATIVE TREES CENTER STAGE AT EARTH DAY PLANTING CEREMONY, April 22, 2025

    Posted on Apr 22, 2025 in Latest Department News, Newsroom

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

    DEPARTMENT OF LAND AND NATURAL RESOURCES

    KA ‘OIHANA KUMUWAIWAI ‘ĀINA

    JOSH GREEN, M.D.
    GOVERNOR

    DAWN CHANG
    CHAIRPERSON

    NATIVE TREES CENTER STAGE AT EARTH DAY PLANTING CEREMONY

    FOR IMMEDIATE RELEASE 

    April 22, 2025

     

    HONOLULU — The grounds of Washington Place now have additional native vegetation, as Governor Josh Green M.D., First Lady Jaime Kanani Green, and DLNR Chair Dawn Chang joined students from St. Andrew’s School in a community Earth Day planting ceremony.

    ʻŌhiʻa ʻāhihi and koaiʻa — a close relative of koa were chosen because they have historically been part of the landscape at Washington Place. Staff consulted records that were hand-written by Queen Liliuʻokalani describing the trees on the property, which included both koa and ʻōhiʻa.

    In remarks prior to the tree planting, Governor Green said, “These trees gather our water, support our wildlife and make life in Hawaiʻi possible. We are planting these to show support for both our natural environment and for the people of Hawaiʻi.”

    Governor Green noted that many related ideas are being celebrated today.

    • Earth Day an opportunity to pause and reflect on our connection to ʻāina, to be aware of how our islands support us, and to take action to give support back to these lands.
    • 2025 as the Year of Our Community Forests our connection to our natural resources extends beyond just a single day in which we aloha the trees of the wao kānaka, where we live, learn and play.
    • Grow Aloha as part of our love of trees were celebrating this plant adoption campaign where the National Tropical Botanical Garden, Bishop Museum, Maui Nui Botanical Gardens, Molokaʻi Land Trust, and Amy Greenwell Ethnobotanical Garden are giving thousands of native plants to people across Hawaiʻi to strengthen our community forests and our connection to them.
    • ʻŌhiʻa Lehua Day April 25 is the day to celebrate our native ʻōhiʻa trees and learn how we can protect them from Rapid ʻŌhiʻa Death disease.

    Planting ʻōhiʻa is particularly important now, as the fungal disease Rapid ʻŌhiʻa Death threatens native trees. Planting more ʻōhiʻa and learning how to care for these trees, helps ensure a future for this important species.

    “In addition to the students who joined us today, I want to thank the legislature for passing a resolution this year supporting co-stewardship of community forests in Hawai‘i by pairing community knowledge and expertise with our public land stewards at the DLNR. I literally look forward to seeing the fruits of these labors. My hope is to see community food forests on some of our public lands, where we can grow trees and communities together,” Governor Green added.

    First Lady Jaime Kanani Green spoke of a vision for the future, through the lens of history. “When we plant trees, we plant hope — for the future, for our environment and for each other. Over time these seedlings will root deeply and reshape this space, just as you will shape the future of our communities.

    Today, we carry forward the legacy of Queen Liliʻuokalani who planted many trees on these grounds — with our hands in the ‘āina and our hearts on the generations to come,” she said.

     

    DLNR Chair Dawn Chang reinforced the importance of trees for human health and climate resilience. “These are trees that give us shade, food, and medicine. They provide habitat for native animals. There are certain trees, like the ‘ōhiaa lehua, that are not just trees but are the foundation of our native forests, guardians of our watersheds and our cultural connections to place.”

    Chang noted that trees are important for climate resilience. In Honolulu alone, street trees capture an estimated 3,340 tons of carbon dioxide annually and save over $600,000 in energy costs. 

    # # #

    RESOURCES

    (All images/video Courtesy: DLNR)

    HD video – Washington Place tree planting (April 22, 2025):

    https://www.dropbox.com/scl/fi/bfqriel8i1w2qcgqrg62u/Earth-Day-Planting-Ceremony-media-clips-April-22-2025.mov?rlkey=49dwcl7pgjv9nbjr0mco6uv4j&st=2ri45nx2&dl=0

    (Shot sheet attached)

    Photographs – Washington Place tree planting (April 22, 2025):

    https://www.dropbox.com/scl/fo/xy9e882o87mu2q4mwyh9v/AGhelAuA1nGvRJ7cun2MfXY?rlkey=iu93zmavooq3fuowk1uxre26e&st=t1vzmwfy&dl=0

    Learn more and get involved – 

    Adopt native plants at Grow Aloha events across Hawaiʻi:

    growaloha.org.

    Volunteer and celebrate the Year of Our Community Forests: 

    dlnr.hawaii.gov/trees.

     

    Media Contact: 

    Dan Dennison 

    Communications Director

    Hawai‘i Dept. of Land and Natural Resources 

    808-587-0396 

    [email protected] 

    MIL OSI USA News

  • MIL-OSI USA: Over 4,000 Meals Raised for Hawaiʻi Foodbank at State Capitol

    Source: US State of Hawaii

    Over 4,000 Meals Raised for Hawaiʻi Foodbank at State Capitol

    Lieutenant Governor Sylvia Luke Hosts 3rd Annual Food Drive Fest

    Link to Photos
    Link to B-Roll Video

    HONOLULU — State employees, including legislators and Lieutenant Governor Sylvia Luke, came together to collect donations to provide more than 4,000 meals for the Hawaiʻi Foodbank during the 3rd Annual Food Drive Fest, held last week at the State Capitol. The two-day event, held April 16–17, featured local businesses and raised awareness about food insecurity as part of the 26th Annual State Employees’ Food Drive.

    The total includes both nonperishable food items and monetary donations collected by state employees and attendees. State employees represent the largest coalition supporting the Hawaiʻi Foodbank.

    “Mahalo to everyone who showed up, donated, and supported this year’s Food Drive Fest. State employees continue to lead with aloha — always looking out for our neighbors, coworkers, and ʻohana across Hawaiʻi,” said Lt. Gov. Luke. “Together, we’re not just collecting food — we’re helping ensure that families across our state have the support they need.”

    For 26 years, state employees have united annually to support the Hawaiʻi Foodbank through donations and outreach. This year’s State Employees’ Food Drive runs through May 9.

    The Taipei Economic and Cultural Office (TECO) in Honolulu also stopped by to donate nonperishable food in support of the cause.

    Anyone can support the Hawaiʻi Foodbank by donating online. Employee donations will count toward their department’s overall total.

    Donations can be made at hawaiifoodbank.org/state. Nonperishable food donations are also being accepted in person at the Lieutenant Governor’s office at the State Capitol (415 S. Beretania St., Fifth Floor).

    For those facing food insecurity, help is available at hawaiifoodbank.org/help.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces appointments 4.22.25

    Source: US State of California 2

    Apr 22, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Claire Cullis, of Carmichael, has been appointed Deputy Secretary of Business and Consumer Relations at the California Business, Consumer Services, and Housing Agency. Cullis has been Chief of Staff to the First Partner in the Governor’s Office since 2021. She was Founder of Claire Cullis Consulting, LLC from 2018 to 2021. Cullis was the Executive Director of the Institute for Democracy and Justice from 2018 to 2021. She was the Director of Dignitary and Speaker Engagement at the Global Climate Action Summit for the United Nations Foundation in 2018. Cullis was a Consultant to the Special Olympics for the Austria Winter World Games in 2017. She held multiple positions at the United States Department of the Treasury from 2013 to 2017, including Director of Scheduling, Advance, and Administration, and Associate Director of Scheduling and Advance for the Treasury Secretary. Cullis was an Advance Associate at The White House from 2013 to 2017. She was Deputy Parade Director at the Presidential Inaugural Committee from 2012 to 2013. Cullis was National Advance Staff for Obama for America in 2012. She was a Senior Associate at the Dewey Square Group from 2006 to 2012. She was a Teacher at the Japanese Exchange and Teaching Program from 2005 to 2006. Cullis was National Advance Staff for the John Kerry presidential campaign in 2004. Cullis earned her Master of Business Administration degree from Virginia Tech, and her Bachelor of the Arts degree in International Studies and Studio Art from the University of Iowa. This position does not require Senate confirmation, and the compensation is $195,564. Cullis is a Democrat.

    Sophia Carrillo, of Santa Monica, has been appointed Assistant General Counsel of Enforcement at the California Environmental Protection Agency. Carrillo was an Assistant United States Attorney at the United States Attorney’s Office, Central District of California from 2023 to 2025. She was a Deputy Attorney General at the California Department of Justice from 2019 to 2023. Carrillo was a Judicial Law Clerk at the United States District Court, Eastern District of California from 2018 to 2019. She was an Associate Director of the Mayor’s Office of Talent and Appointments/D.C. Human Resources at the Executive Office of Mayor Muriel Bowser in 2015. Carrillo is a member of the Latino Community Foundation’s Los Angeles Giving Circle. She earned her Juris Doctor degree from Stanford Law School and a Bachelor of the Arts degree in Political Science and Sociology from the University of San Diego. This position does not require Senate confirmation and compensation is $174,000. Carrillo is a Democrat. 

    Iris “Marlene” De La O, of Berkeley, has been appointed Deputy Secretary of Public Policy at the California Environmental Protection Agency. De La O held several positions at Chemonics International from 2021 to 2025, including Senior Partnerships Manager and Director of Climate Change and Resiliency. She was the Director of Resiliency and Acquisitions at the Department of Housing, Preservation, and Development in 2019. De La O was Deputy Director at the California Strategic Growth Council from 2017 to 2018. She was a Consultant at Inter-American Development Bank from 2015 to 2016. De La O was a Manager and Regional Contracts Specialist at Chemonics International from 2012 to 2015. She earned a Master of Public Policy degree in City Planning from the Massachusetts Institute of Technology and a Bachelor of the Arts degree in Development Studies from the University of California, Berkeley. This position does not require Senate confirmation, and compensation is $175,512. De La O is a Democrat.

    Adam Ebrahim, of Carmichael, has been appointed Chief Deputy Director at the Commission on Teacher Credentialing. Ebrahim has been the Senior Director of Policy and Continuous Improvement at the Commission on Teacher Credentialing since 2024. He was the Principal Consultant at Azimuth Learning Partners from 2016 to 2024. Ebrahim was the Director of Education Strategy at Parsec Education in 2024. He was a Staff Consultant at the California Teachers Association from 2020 to 2024. Ebrahim was the Director of Local Control and Accountability Plan and Continuous Improvement at San Juan Unified School District from 2019 to 2020. He was a Project Director at Californians Dedicated to Education Foundation from 2016 to 2019. Ebrahim was a Staff Consultant at Fresno County Superintendent of Schools from 2015 to 2016. He was a Teacher at Fresno Unified School District from 2010 to 2015. Ebrahim was an Enlisted Soldier and Commissioned Officer at the California Army National Guard from 2007 to 2012. He received his Master of Education degree in United States Education in a Global Context from National University, a Master of Arts degree in International Affairs from Washington University in Saint Louis, and a Bachelor of Arts degree in Political Science from University of California, Berkeley. This position does not require Senate confirmation, and the compensation is $181,344. Ebrahim is a Democrat.

    Vanessa Ejike, of Cerritos, has been appointed to the State Board of Education. Ejike was a Poll Worker for the Los Angeles County Registrar-Recorder/County Clerk and an Intern for Assemblymember Sharon Quirk-Silva in the California State Assembly in 2024. She is the National Partnerships Director for the High School Democrats of America, Local Affairs Director for California High School Democrats, Communications Coordinator for the Pacific Coast Coalition of Girl Up USA, Student Representative for the Legislative and Policy Committee at the ABC Unified School District, and Founder and Chair of the Principal’s Advisory Council at Gretchen Whitney High School. This position does not require Senate confirmation, and the compensation is $100 per diem. Ejike is not registered to vote. 

    Niki Woodard, of Sacramento, has been appointed Deputy Director of Communications and External Affairs at the California Energy Commission. Woodard has been the Senior Communications Officer at Resources Legacy Fund since 2019. She was the Deputy Assistant Director at the California Department of Water Resources from 2016 to 2019. Woodard was the Communications and Marketing Director at the Center for Climate Protection from 2015 to 2016. She was Founder and Principal of Spiral-PR from 2011 to 2016. Woodard was the Communications Director at Sequoia Riverlands Trust from 2008 to 2011. She was a Research Associate at the Pew Research Center from 2006 to 2008. Woodard earned a Master of the Arts degree in Communications from Georgetown University and a Bachelor of the Arts degrees in Rhetoric and Economics from the University of California, Berkeley. This position does not require Senate confirmation, and compensation is $160,968. Woodard is a Democrat.

    Lee Herrick, of Fresno, has been reappointed California’s Poet Laureate, where he has served since 2022. Herrick has been an English Professor at Fresno City college since 1997 and an Adjunct Professor at the University of Nevada, Reno at Lake Tahoe since 2012. He was the Poet Laureate of the City of Fresno from 2015 to 2017. Herrick was an Adjunct English Professor at Modesto Junior College from 1995 to 1997. He is the Founder of LitHop and an Advisory Board Member of Terrain.org, Sixteen Rivers Press, and Anacapa review, and a Member of the Association of Writers and Writing Programs. Herrick earned a Master of Arts degree in English, Composition and Rhetoric and a Bachelor of Arts degree in English and American Literature from California State University, Stanislaus. This position requires Senate confirmation, and the California Arts Council provides an annual stipend. Herrick is a Democrat.

    Press Releases, Recent News

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    MIL OSI USA News

  • MIL-OSI NGOs: Trapped and abused migrant workers experiences in Lebanon

    Source: Médecins Sans Frontières –

    Mahi* was forced to sleep on the balcony even during winter. Martha* was sexually harassed — but no one believed her. Beatrice has to answer to another name. Makdes* was subjected to verbal, physical, and psychological abuse. These are just some of the experiences migrant workers have disclosed to Médecins Sans Frontières’ (MSF) medical and mental health teams in Lebanon’s capital, Beirut.

    An estimated 176,500 migrants are living in Lebanon, and about 70 per cent are women. Most emigrated from Asian and African countries, predominantly Ethiopia, Bangladesh, and Sudan. Almost half of the migrants in Lebanon are domestic workers, which means they live with their employers, often in challenging environments.  

    MSF runs a clinic in Bourj Hammoud, a northern suburb of Beirut that serves as a hub for many vulnerable communities in Lebanon. While the clinic’s services are open to all, the majority of our patients are migrants.  

    Joygom and Sujon, two patients, in the waiting room of the MSF clinic in Bourj Hammoud. Lebanon, March 2025.
    Myriam Boulos/Magnum

    Often people have chosen to leave their home country in search of a better life but find themselves trapped in a system that excludes them from the laws that protect other workers’ rights. It can rob them of their choices, rights, and even their voice.

    Migrant workers come to Lebanon through the kafala sponsorship system. Under this system — which at its worst is described by human rights activists and organisations as amounting to “modern-day slavery” — migrant domestic workers are overworked and underpaid, sometimes not paid at all, and often given no breaks or days off. Our teams have witnessed the serious implications these conditions have on people’s health.

    The stories we hear in our clinic intersect in many ways. The sponsor often takes away their employee’s agency as well as their legal documents. Migrant workers who live with their employers are isolated from the world, sometimes denied their right to communicate with anyone outside of the household, including their families back home. If they want to leave, migrant domestic workers can only be matched with another family or allowed to go back to their home countries if the sponsor consents. 

    Ahmet*, a migrant in Lebanon I have freedom, but I feel like I’m in prison. I don’t know anything about the outside world, my mind is constantly turning. I worry about everything. If my heart gives out, what will happen to my son?

    Short caption: Ahmet* lives with her 2-year-old son in a small rooftop apartment in Mar Elias, Beirut, along with seven other migrants. She travelled from Bangladesh to Lebanon eight years ago. Long caption: Ahmet* is currently raising her 2-year-old son in Lebanon on her own, with help from her seven flatmates. Her husband was arrested and deported to Bangladesh for not having a valid work permit. Since Ahmet* suffers from chronic heart problems, she’s not able to work, and among her needs are healthcare expenses and milk and diapers for her baby. *Name changed to protect identity
    © Myriam Boulos/Magnum

    Some women who decide to leave their employer’s home find support within the migrant communities, but many are left homeless, without legal documents, and in need of urgent assistance. Should they choose to go back to their country, they might not have the resources for arranging their paperwork or buying a flight ticket. Some choose to stay in Lebanon despite the hardship because they have nowhere to go, or because they need to feed their families.

    Migrants’ access to healthcare in Lebanon is severely limited. Under kafala, an employer can obstruct their employee’s right to seek healthcare. Other migrants not bound by kafala are frequently turned away from hospitals and health centres, either for not having legal documents or because they are not Lebanese. Some people avoid seeking hospital care altogether, fearing they will be turned away, deported, or asked for money. 

    At the MSF clinic in Bourj Hammoud, our teams are responding to migrants’ medical needs, offering basic consultations, sexual and reproductive health services, and mental health services, including psychiatric consultations. We have also been covering the cost of referrals for hospitalisation in life-threatening cases.

    Makdes*, a migrant in Lebanon For the 15 days I spent in that house, I would wait until everyone was asleep to sneak some bread or an orange. I was living on scraps.

    Short caption : Makdes*, 22, lives in an Ethiopian shelter in Beirut. She made the trip to Lebanon around 7 months ago, but her experience working in the country was traumatising for her. Long caption: The first family Makdes* lived with made her work under impossible conditions. For 15 days, they never gave her any food, and she had to do housework on an empty stomach, until she became bedridden with exhaustion. Unfortunately, her experience with the second family was tougher for her. Her employer would always yell at her, slap her hand to “teach” her tasks, and scare her for leisure. *Name changed to protect identity
    © Myriam Boulos/Magnum

    “In 2024, psychiatric consultations in the Bourj Hammoud clinic have doubled compared to the previous year,” says Elsa Saikali, MSF mental health supervisor. “Migrant workers are often dehumanised, subjected to racism and discrimination, and exposed to physical and sexual abuse. All this has deep repercussions on their psychological wellbeing.”

    Many migrants in Lebanon face a language barrier, further limiting their ability to access healthcare. They are obliged to sign documents and speak in Arabic. 

    “MSF is one of the rare organisations in Lebanon offering translations to migrants during mental health sessions,” says Elsa Saikali. “What makes our clinic special is the presence of community health educators for patients. They are MSF staff from the migrant communities who facilitate patient bonding, build trust, and make sure the patient is properly informed about their health status”.

    Migrant communities in Lebanon have needs that span beyond medical care. It is difficult to tell patients to take care of their mental health if they are experiencing homelessness or unable to feed themselves. 

    “My job is to refer patients to services that are beyond MSF’s ability to respond to,” says Hanan Hamadi, MSF social worker at the Bourj Hammoud clinic. “The patients who come to me have the most basic needs, such as shelter, food items, and cash assistance. I refer them to other organisations offering these services.”

    Migrants’ socio-economic situations were exacerbated during the recent Israeli war in Lebanon. Many have disclosed to MSF teams that they were abandoned by their employers, leaving them on the streets or locking them up in their houses in war-affected areas. 

    During that period, migrant community leaders helped MSF teams reach the migrants most in need of assistance in overcrowded shelters and apartments, where we donated essential relief items and delivered medical care through a mobile clinic. 

     An Ethiopian shelter in Beirut. Lebanon, February 2025.
    Myriam Boulos/Magnum

    Programmes for migrants in Lebanon run by local and international organisations have reduced over the years — leaving a gap in resources for migrants.

    “It is getting increasingly difficult to refer our patients to other organisations offering assistance to migrants in Lebanon,” says Hanan Hamadi. “This is due to the scarce funding allocated to programmes supporting migrants and the defunding or closure of others. This is not a recent issue, as it’s been happening for a while.”

    One of the biggest challenges MSF teams in Lebanon are facing is the referral of patients for hospitalisation, including for psychiatric emergencies. Organisations with scarce funding might stop covering hospitalisation for migrants. Should these organisations scale down their support for hospitalisation, MSF alone cannot cover the gap, and many people’s needs will go unmet. 

    *Names have been changed. 

    MIL OSI NGO

  • MIL-OSI Global: Brown rice contains more arsenic than white rice – but here’s why you shouldn’t worry

    Source: The Conversation – UK – By Iain Brownlee, Associate Professor, Nutrition, Northumbria University, Newcastle

    nesavinov/Shutterstock

    Brown rice contains more arsenic than white rice, according to a recent study from the US. Understandably, that might sound alarming. After all, arsenic is a well-known toxin. But the levels found in brown rice are not a health risk. And brown rice, like other whole grains, is still an important part of a healthy diet.

    To understand the issue, it helps to remember an old principle from toxicology: the dose makes the poison. In other words, harmful substances can be harmless – or even beneficial – at low enough doses.

    Arsenic, while dangerous in high amounts, is naturally found in soil and water and can show up in many foods, including rice.

    The new study makes this very clear: the amount of arsenic in brown rice is far below any level considered risky for human health. What matters is both how much is present and how often it is consumed.

    For most people, the exposure from eating brown rice is minimal and not something to worry about.

    Despite the study’s reassuring conclusion, some news outlets ran with scary headlines. Such as: Toxic metal linked to cancer, autism found in brown rice as scientists say it’s time to rethink healthy option. And: Think brown rice is healthier than white rice? Study finds high level of carcinogen in brown rice in the US.

    Pesticides, preservatives, trace metals – all can sound scary out of context. But for most people, the health risks don’t come from what’s in our food in tiny amounts – they come from our everyday choices.

    What we should be worried about

    In countries like the UK, less than one in 1,000 people follow all aspects of national dietary guidelines. That means most people aren’t eating enough fruit, vegetables and whole grains – and that’s a much bigger problem.

    In fact, poor diet is a bigger cause of illness and early death worldwide than smoking or alcohol. Two of the top dietary risk factors? Eating too much salt and not enough whole grains.

    Cardiovascular disease, the world’s leading cause of death for decades, kills around 20 million people each year. During the COVID pandemic, it remained deadlier than the virus itself. One of the simplest ways to reduce your risk of cardiovascular disease is to eat more whole grains.

    A poor diet kills more people than smoking or alcohol.
    Rimma Bondarenko/Shutterstock

    So while it’s true that brown rice has more arsenic than white rice, not eating brown rice (or other whole grains) may pose a greater health risk. (Other whole grains options to choose from include: oats, quinoa, barley and whole wheat pasta and bread.)

    If you’re fortunate enough to have choices about what to eat, take a moment to reflect on how your habits align with national dietary guidelines. If you’re already eating well, great – keep it up. If not, start small: swap in a few whole grains and reduce your salt intake.

    And if you’re still not convinced about brown rice, that’s OK. Choose another whole grain that works for you. Just don’t let a misunderstood detail about arsenic scare you away from one of the most positive foods choices you can make.

    Iain Brownlee currently receives funding from the European Research Agency/Medical Research Council and the National Institute of National Institute of Health and Care Research. He has previously received funding from multiple government organisations in the UK, Singapore and Australia, as well as multiple industry funders including Nestlé/Cereal Partners Worldwide.

    ref. Brown rice contains more arsenic than white rice – but here’s why you shouldn’t worry – https://theconversation.com/brown-rice-contains-more-arsenic-than-white-rice-but-heres-why-you-shouldnt-worry-254668

    MIL OSI – Global Reports

  • MIL-OSI Europe: Briefing – Canada ahead of the 2025 election: Navigating a complex geopolitical landscape – 23-04-2025

    Source: European Parliament

    Following increasing pressure from members of his own party and a period of low opinion poll ratings, Canadian Prime Minister (PM) Justin Trudeau announced his resignation from the leadership of the Liberal Party of Canada on 6 January 2025. Mark Carney, his successor as prime minister of Canada, and new leader of the Liberal Party, has called a snap parliamentary election for 28 April. This year’s election will mark a decade of Liberal Party rule in Canada, a period with significant political, economic and diplomatic developments. In some cases, the administration continued already existing policies; in some others, it diverged significantly. While Canada’s relationship with China and India has grown increasingly tense in recent years, the country has traditionally relied on close partnerships with its Western allies, particularly its southern neighbour, the United States (US). This dynamic has shifted under the second Trump administration, which has started its term in a far more bellicose tone than before. Canada’s next administration will need to navigate a volatile geopolitical environment characterised by the US’s trade war and weakening commitment to its role as a global leader and guarantor of the Pax Americana; China’s increasingly assertive posture as a second superpower; Russia’s renewed ambitions for a greater global role; and the emergence of middle powers and countries from the Global South. This briefing builds on a 2022 EPRS briefing on Canada’s Parliament and other political institutions. While the earlier briefing examines Canada’s federal structure, parliament and levels of governance, the present one focuses more on the political, economic and external relations developments over the past decade, in light of the upcoming election.

    MIL OSI Europe News

  • MIL-OSI Russia: With the support of Rosneft, the Sretensky Monastery Choir performed an anniversary concert in the Kremlin Palace

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    With the support of Rosneft, the anniversary concert of the Sretensky Monastery Choir “Russia is ours alone” was held in the State Kremlin Palace (Moscow). The performance was dedicated to the 30th anniversary of the musical group.

    Rosneft has been supporting the Sretensky Monastery Choir since 2015. During this time, the group has successfully held numerous concert tours. Among the productions of past years are “Unholy Saints”, “The Romanovs”, “Russia: Time, Forward!”, “Masterpieces of World Culture”, “Life”, “Songs of Our Parents”.

    At the anniversary concert, the choir performed unique examples of spiritual music, as well as beloved songs that captured the most important milestones in the history of our country. Among them are “Let’s Pray for Our Parents”, “Hope”, “I Love You, Life”, “Horse”, etc. In addition, other famous musicians and actors of our country, as well as the children’s choir of the “White Steamship” project, took part in the event. The anniversary concert was a sell-out, the audience applauded the musicians standing.

    This year, with the support of Rosneft, the Sretensky Monastery Choir presented a new musical production, Dedicated to the Great Victory, prepared for the 80th anniversary of the Victory in the Great Patriotic War. The new project is designed to preserve the memory of the heroic events. The program includes the best works from the front years. The production is based on real stories about the fates of the heroes who walked the miles of war from Moscow to Berlin. The program includes concerts in 24 cities in the regions where the Company operates. The tour will end on July 3 with a concert in Sochi.

    The Sretensky Monastery Choir is one of the most famous musical groups in Russia. It has a unique performing style that allows you to hear and feel music in a new way. The group has already visited more than 45 countries and performed at the most famous venues.

    Rosneft actively participates in significant projects of Russian cultural life aimed at the revival and preservation of spiritual and national values. Since 2018, the Company has supported the projects of the State Hermitage Museum. With the support of Rosneft, the museum opened an updated exhibition “Culture and Art of China”, and the Gallery of the Department of the Ancient World was restored. Also, since 2022, Rosneft has been the general sponsor of the children’s music festival “White Steamship”.

    With the Company’s support, the Mariinsky Theatre artists under the direction of Valery Gergiev performed in Qatar with the production of “A Thousand and One Nights”; a concert dedicated to the 95th anniversary of Alexandra Pakhmutova was held in Volgograd; several exhibitions were organized at the Jewish Museum and Tolerance Center in Moscow. In 2023-2024, with the support of Rosneft, Tatyana Navka’s ice shows “Evenings on a Farm” and “The Nutcracker” were held in Moscow, and the show “The Love Story of Scheherazade” toured in the Indian city of Ahmedabad.

    Department of Information and Advertising of PJSC NK Rosneft April 23, 2025

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: CCI approves proposed combination involving acquisition of 100% equity shareholding of the AAM India Manufacturing Corporation Private Limited by Bharat Forge Limited with voluntary modifications

    Source: Government of India

    Posted On: 23 APR 2025 2:59PM by PIB Delhi

    The Competition Commission of India has approved the proposed combination involving acquisition of 100% equity shareholding of the AAM India Manufacturing Corporation Private Limited by Bharat Forge Limited with voluntary modifications.

    Bharat Forge Limited (BFL) is a global provider of safety and critical forged components and solutions to various sectors including automotive, railways, defence, construction, mining, aerospace, marine, and oil & gas. It manufactures and supplies metal forging products including certain forged axle sub-components in India and outside India. Certain promoters of BFL (BNK Family) have controlling shareholding (through BF Investments Ltd.) in two joint ventures with Meritor Heavy Vehicle Systems, LLC (acquired by Cummins Inc. in 2022), in India i.e., Meritor HVS (India) Limited (MHVSIL) and Automotive Axles Limited (AAL).

    AAM India Manufacturing Corporation Private Limited (AAMCPL) is a company incorporated in India and is primarily engaged in the business of manufacture and sale of axles for commercial vehicles in India.

    The proposed combination is an acquisition of 100% equity shareholding of the AAMCPL by BFL. Prior to BFL acquiring the AAMCPL, (a) AAMCPL will hive-off (i) its ‘Pune Business Office’ which is engaged in the provision of captive IT support and product engineering services, and (ii) components business division that purchases vehicle components and exports the same to other group entities of AAMCPL (as pass-through sales), to one or more affiliates of its parent company – American Axle & Manufacturing Holdings Inc. (AAM Holdco), and (b) e-axle assembly lines that are currently housed in AAM Auto Component (India) Private Limited, another wholly owned subsidiary of AAM Holdco in India, will be acquired by the Target (Proposed Combination).

    The Commission approved the proposed combination subject to compliance of voluntarily modifications offered by the Parties.

    Detailed order of the Commission will follow.

    ******

    NB/AD

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: EMSD urges public to stop using two models of Proluxury and JHE wall-mounted fans (with photos)

    Source: Hong Kong Government special administrative region

         The Electrical and Mechanical Services Department (EMSD) today (April 23) urged the public to stop using two models of Proluxury and JHE wall-mounted fans and contact the product suppliers, Main Plan Limited and Many Profit Industrial Limited, on matters of product returns and refunds.

    The two models of the wall-mounted fans concerned are as follows:
     

    Brand Model Affected production batch/serial number Supplier
    Proluxury PWF504012 Batch No. PO24-0010 Main Plan Limited
    JHE FW40-A4(JH) S/N 0810Q10401 to 0810Q11400 Many Profit Industrial Limited

    ​The EMSD’s tests found that the above two models of wall-mounted fans do not comply with the relevant safety standards. The components of the wall-mounted fans may become faulty after prolonged use, thus posing potential electrical shock hazards. The EMSD has liaised with the relevant suppliers regarding the test results. According to the suppliers, manufacturing defects were found on the components of affected production batches of the wall-mounted fans. The suppliers have therefore decided to arrange a recall with refunds for these products.

      For details of the product recalls, please visit the website of Main Plan Limited at www.ecliving.com.hk and the website of Many Profit Industrial Limited at www.manyprofit.com.

    For enquiries, please call Main Plan Limited’s customer service hotline at 2698 9280, and Many Profit Industrial Limited’s hotline at 2116 0451.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CCI approves the proposed acquisition of the Target Business by Kandhari Global Beverages Private Limited

    Source: Government of India

    Posted On: 23 APR 2025 2:57PM by PIB Delhi

    The Competition Commission of India has approved the proposed acquisition of the Target Business by Kandhari Global Beverages Private Limited .

    Kandhari Global Beverages Private Limited (Acquirer) is an authorized bottler of The Coca-Cola Company (TCCC) and Schweppes Holdings Limited (SHL), and is engaged in the business of supplying and distributing non-alcoholic beverage (NAB) products in Rajasthan.

    The Target Business comprise of Hindustan Coca-Cola Beverages Private Limited’s business of preparing, packaging, supplying and distributing NAB products in North Gujarat and Union Territory of Diu (Target Business).

    The proposed combination relates to acquisition of the Target Business by the Acquirer (Proposed Combination).

    Detailed order of the Commission will follow.

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  • MIL-OSI Asia-Pac: Joint Statement at the conclusion of the State Visit of Prime Minister to the Kingdom of Saudi Arabia

    Source: Government of India

    Posted On: 23 APR 2025 12:44PM by PIB Delhi

    “A Historic Friendship; A Partnership for Progress”

    At the invitation of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, Hon’ble Prime Minister of the Republic of India, Shri Narendra Modi paid a State Visit to the Kingdom of Saudi Arabia on April 22, 2025.

    This was Prime Minister Shri Narendra Modi’s third visit to the Kingdom of Saudi Arabia. It followed the historic State Visit of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia’s visit to India in September 2023 to participate in the G-20 Summit and co-chair the first meeting of the India- Saudi Arabia Strategic Partnership Council.

    His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received Prime Minister Shri Narendra Modi at Al-Salam Palace, Jeddah.They held official talks, during which they recalled the strong bonds of historically close friendship between the Republic of India and the Kingdom of Saudi Arabia. India and Saudi Arabia enjoy a strong relationship and close people-to-people ties marked by trust and goodwill. The two sides noted that the solid foundation of the bilateral relationship between the two nations has further strengthened through the strategic partnership covering diverse areas including defense, security, energy, trade, investment, technology, agriculture, culture, health, education, and people-to-people ties. Both sides also exchanged views on current regional and international issues of mutual interest.

    Prime Minister Shri Narendra Modi congratulated HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Kingdom of Saudi Arabia for Saudi Arabia’s successful bids for World Expo 2030 and FIFA World Cup 2034.

    The two leaders held constructive discussions on ways to strengthen the strategic partnership between India and the Kingdom of Saudi Arabia. The two leaders also co-chaired the second meeting of the India-Saudi Arabia Strategic Partnership Council (SPC). The two sides reviewed the progress of the Strategic Partnership Council since their last meeting in September 2023. Both leaders expressed their satisfaction with the outcomes of the work of the two Ministerial Committees, namely: (a) the Committee on Political, Security, Social and Cultural Cooperation and their subcommittees and (b) the Committee on Economy and Investment and their Joint Working Groups, in diverse fields. In this context, the Co-Chairs of the Council welcomed the expansion of the Strategic Partnership Council to four Ministerial Committees reflecting the deepening of the Strategic Partnership, by addition of the Ministerial Committees on Defence Cooperation, and Tourism and Cultural Cooperation. The two leaders noted with appreciation the large number of high-level visits across various Ministries that have built trust and mutual understanding on both sides. At the end of the Meeting, the two leaders signed the Minutes of the Second Meeting of the India-Saudi Arabia Strategic Partnership Council.

    The Indian side expressed its appreciation to the Saudi side for the continuing welfare of around 2.7 million Indian nationals residing in the Kingdom, reflecting the strong people- to-people bonds and immense goodwill that exists between the two nations. The Indian side also congratulated Saudi Arabia for successfully holding the Haj pilgrimage in 2024 and expressed its appreciation for the excellent coordination between the two countries in facilitating Indian Haj and Umrah pilgrims.

    Both sides welcomed the growth of the economic relationship, trade and investment ties between India and Kingdom of Saudi Arabia in recent years. The Indian side congratulated the Saudi side for progress achieved on the goals under Vision 2030. Saudi side expressed appreciation for India’s sustained economic growth and the goal of Viksit Bharat or becoming a developed country by 2047. Both sides agreed to work together in areas of mutual interests to fulfill respective national goals and achieve shared prosperity.

    Both Leaders noted with satisfaction the progress made in the discussions under the High-Level Task Force (HLTF), constituted in 2024 for promoting investment flows between the two countries. Building on the endeavor of Saudi Arabia to invest in India in multiple areas including energy, petrochemicals, infrastructure, technology, fintech, digital infrastructure, telecommunications, pharmaceuticals, manufacturing and health, it was noted that the High-Level Task Force came to an understanding in multiple areas which will rapidly promote such investment flows. They noted the agreement in the High-Level Task Force to collaborate on establishing two refineries. The progress made by this Task Force in areas such as taxation was also a major breakthrough for greater cooperation in the future. The two sides affirmed their desire to complete negotiations on the Bilateral Investment Treaty at the earliest. The Indian side appreciated the launch of India Desk at the Public Investment Fund (PIF) to act as the nodal point for investment facilitation by PIF. They observed that work of the High-Level Task Force underscores the growing economic partnership between India and Saudi Arabia focusing on mutual economic growth and collaborative investments.

    The two sides affirmed their commitment to strengthening their direct and indirect investment partnership. They commended the outcomes of the Saudi-India Investment Forum, held in New Delhi in September 2023, and the active cooperation it achieved between the public and private sectors from both countries. They also commended the expansion of investment activities by Indian companies in the Kingdom, and appreciated the role of the private sector in enhancing mutual investments.The two sides valued the activation of the Framework of Cooperation on Enhancing Bilateral Investment between Invest India and Ministry of Investment of Saudi Arabia. Both sides agreed to facilitate enhanced bilateral cooperation in the startup ecosystem, contributing to mutual growth and innovation.

    In the field of Energy, the Indian side agreed to work with the Kingdom to enhance the stability of global oil markets and to balance global energy market dynamics. They emphasized the need to ensure security of supply for all energy sources in global markets. They agreed on the importance of enhancing cooperation in several areas in the energy sector, including the supply of crude oil and its derivatives including LPG, collaboration in India’s Strategic Reserve Program, joint projects across the refining and petrochemical sector, including manufacturing and specialized industries, innovative uses of hydrocarbons, electricity, and renewable energy, including completing the detailed joint study for electrical interconnection between the two countries, exchanging expertise in the fields of grid automation, grid connectivity, electrical grid security and resilience, and renewable energy projects and energy storage technologies, and enhancing the participation of companies from both sides in implementing their projects.

    The two sides emphasized the importance of cooperation in the field of green/clean hydrogen, including stimulating demand, developing hydrogen transport and storage technologies, exchanging expertise and experiences to implement best practices. The two sides also acknowledged the need to work on developing supply chains and projects linked to the energy sector, enabling cooperation between companies, enhancing cooperation in the field of energy efficiency and rationalizing energy consumption in the buildings, industry, and transportation sectors, and raising awareness of its importance.

    With regard to climate change, both sides reaffirmed the importance of adhering to the principles of the United Nations Framework Convention on Climate Change and the Paris Agreement, and the need to develop and implement climate agreements with a focus on emissions rather than sources. The Indian side commended the Kingdom’s launch of the “Saudi Green Initiative” and the “Middle East Green Initiative”and expressed its support for the Kingdom’s efforts in the field of climate change. The two sides stressed the importance of joint cooperation to develop applications of the circular carbon economy by promoting policies that use the circular carbon economy as a tool to manage emissions and achieve climate change objectives.The Kingdom of Saudi Arabia appreciated India’s contributions to global climate action by pioneering initiatives like International Solar Alliance, One Sun-One World-One Grid, Coalition of Disaster Resilient Infrastructure (CDRI) and Mission Lifestyle for Environment (LiFE) and Global Green Credit Initiative.

    Both sides expressed satisfaction at the steady growth in bilateral trade in recent years with India being the second largest trading partner for Saudi Arabia; and Saudi Arabia being India’s fifth largest trading partner in 2023-2024. Both sides agreed to further enhance co-operation to diversify their bilateral trade. In this regard, both sides agreed on the importance of increasing visits of business and trade delegations, and holding trade and investment events. Both sides reiterated their desire for commencing negotiations on the India-GCC FTA.

    The two sides appreciated the deepening of the defence ties as a key pillar of the Strategic Partnership, and welcomed the creation of a Ministerial Committee on Defence Cooperation under the Strategic Partnership Council. They noted with satisfaction the growth of their joint defence cooperation including numerous ‘firsts’ like the first ever Land Forces exercise SADA TANSEEQ, two rounds of the Naval Exercises AL MOHED AL HINDI, many high-level visits, and training exchanges, towards ensuring the security and stability of the region. They welcomed the outcomes of the 6th meeting of the Joint Committee on Defence Cooperation held in Riyadh in September 2024, noting the initiation of staff-level talks between all three services. Both sides also agreed to enhance defence industry collaboration.

    Noting the continuing cooperation achieved in security fields, both sides highlighted the importance of this cooperation for better security and stability. They also emphasized the importance of furthering cooperation between both sides in the areas of cybersecurity, maritime border security, combating transnational crime, narcotics and drug trafficking.

    Both sides strongly condemned the gruesome terror attack in Pahalgam, Jammu and Kashmir on 22 April 2025, which claimed the lives of innocent civilians. In this context, the two sides condemned terrorism and violent extremism in all its forms and manifestations, and emphasized that this remains one of the gravest threats to humanity. They agreed that there cannot be any justification for any act of terror for any reason whatsoever. They rejected any attempt to link terrorism to any particular race, religion or culture. They welcomed the excellent cooperation between the two sides in counter-terrorism and the terror financing. They condemned cross-border terrorism, and called on all States to reject the use of terrorism against other countries, dismantle terrorism infrastructure where it exists, and bring perpetrators of terrorism to justice swiftly. Both sides stressed the need to prevent access to weapons including missiles and drones to commit terrorist acts against other countries.

    The two sides noted the ongoing cooperation in field of health and efforts to combat current and future health risks and health challenges. In this context, they welcomed the signing of the MOU on Cooperation in the Field of Health between the two countries. The Indian side congratulated the Kingdom of Saudi Arabia for successfully hosting the Fourth Ministerial Conference on Antimicrobial Resistance in Jeddah in November 2024. Indian side welcomed the initiatives taken by the Saudi Food and Drug Authority to address issues related to reference pricing and fast track registration of Indian drugs in Saudi Arabia. Both sides also welcomed the extension of the MoU on Co-operation in the Field of Medical Products Regulation between Saudi Food and Drug Authority and Central Drugs Standard Control Organization (CDSCO) for a further period of five years.

    Both sides underscored the importance of co-operation in technology including in new and emerging domains such as Artificial Intelligence, cybersecurity, semi-conductors etc. Highlighting the importance of digital governance,both sides agreed to explore collaboration in this area. They also expressed satisfaction on signing of the MOU between Telecom Regulatory Authority of India and Communications, Space and Technology Commission of Kingdom of Saudi Arabia for cooperation in regulatory and digital sectors.

    Both sides noted that the MoU on space cooperation signed during this visit will pave the way for enhanced cooperation in the field of space, including utilization of launch vehicles, spacecraft, ground systems; applications of space technology; research and development; academic engagement and entrepreneurship.

    Both sides noted the growth of cultural cooperation between the Kingdom of Saudi Arabia and the Republic of India through active engagement in key sectors such as heritage, film, literature, and performing and visual arts. The creation of a Ministerial Committee on Tourism and Cultural Cooperation under the Strategic Partnership Council marks a significant step toward deepening this partnership.

    Both sides also agreed to enhance cooperation in tourism including through capacity building and sustainable tourism. They also noted the expansion of various opportunities in media, entertainment, and sports, supported by the strong people-to-people ties between the two countries.

    Both sides appreciated the long-standing cooperation between the two countries in the areas of agriculture and food security, including trade of fertilizers. They agreed to pursue long-term agreements for the security of supply, mutual investments and joint projects towards building long-term strategic cooperation in this area.

    The two sides commended the growing momentum in educational and scientific collaboration between the two countries, underscoring its strategic importance in fostering innovation, capacity building, and sustainable development. The Saudi side welcomes the opportunities for leading Indian universities to have presence in Saudi Arabia.The two sides also stressed the value of expanding cooperation in labour and human resources and identifying opportunities for collaboration.

    Both sides recalled the signing of the Memorandum of Understanding on the Principles of an India-Middle East-Europe Economic Corridor along with other countries in September 2023 during the state visit of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Kingdom of Saudi Arabia to India and expressed mutual commitment to work together to realize the vision of connectivity as envisaged in the Corridor, including the development of infrastructure that includes railways and port linkages to increase the passage of goods and services, and boost trade among stakeholders, and enhance data connectivity and electrical grid interconnectivity. In this regard, both sides welcomed the progress under the MoU on Electrical Interconnections, Clean/Green Hydrogen and Supply Chains signed in October 2023. Both sides also expressed satisfaction on the increase in shipping lines between the two countries.

    The two sides stressed the importance of enhancing cooperation and coordination between the two countries in international organizations and forums, including the G20, the International Monetary Fund, and the World Bank, to bolster efforts to address the challenges facing the global economy. They commended the existing cooperation between them within the Common Framework for Debt Treatment Beyond the Debt Service Suspension Initiative (DSSI), which was endorsed by the G20 leaders at the Riyadh Summit 2020. They stressed the importance of enhancing the implementation of the Common Framework as the main and most comprehensive platform for coordination between official creditors (developing country creditors and Paris Club creditors) and the private sector to address the debt of eligible countries.

    The two sides affirmed their full support for the international and regional efforts aimed at reaching a comprehensive political solution to the crisis in Yemen. The Indian side appreciated the Kingdom’s many initiatives aimed at encouraging dialogue between the Yemeni parties, and its role in providing and facilitating access of humanitarian aid to all regions of Yemen. The Saudi side also appreciated the Indian effort in providing humanitarian aid to Yemen.The two sides agreed on the importance of cooperation to promote ways to ensure the security and safety of waterways and freedom of navigation in line with the United Nations Convention on the Law of the Sea (UNCLOS).

    The following MoUs were signed during the visit:

    • MoU between Department of Space, India, and Saudi Space Agency in the field of space activities for peaceful purposes.

    • MoU between Ministry of Health and Family Welfare, Republic of India and Ministry of Health, Kingdom of Saudi Arabia & on Cooperation in the Field of Health.

    • Bilateral Agreement between Department of Posts, India and Saudi Post Corporation (SPL) for inward foreign surface parcel.

    • MOU between National Anti-Doping Agency of India (NADA), India, and Saudi Arabia Anti-Doping Committee (SAADC) for cooperation in the field of anti-doping and prevention.

    Both sides agreed to hold the next meeting of the Strategic Partnership Council on a date mutually agreed upon. As the two nations march ahead with economic and social developments in their respective countries, they also decided, that they will continue communication, coordination and cooperation across various sectors.

    At the end of the visit, Prime Minister Shri Narendra Modi, expressed his sincere thanks and appreciation to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for the warm reception and generous hospitality extended to him and his accompanying delegation. He also conveyed his best wishes for continued progress and prosperity of the friendly people of the Kingdom of Saudi Arabia. For his part, His Royal Highness extended his sincere wishes to Prime Minister Narendra Modi and the friendly people of India for further progress and prosperity.

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  • MIL-OSI Asia-Pac: Union Health Ministry launches New Competency-Based Curricula for ten Allied and Healthcare Professions in collaboration with the National Commission for Allied and Healthcare Professions (NCAHP)

    Source: Government of India

    Union Health Ministry launches New Competency-Based Curricula for ten Allied and Healthcare Professions in collaboration with the National Commission for Allied and Healthcare Professions (NCAHP)

    New curricula designed to produce globally competent allied and healthcare professionals to address the increasing prevalence of diseases, and the growing demand for allied services

    India is skilling its healthcare professionals not just for India, but for the globe. The new curricula will set a benchmark for the quality of healthcare professionals: Union Health Secretary

    These curricula will ensure uniformity and an important step in the direction of actualizing the vision of ‘One Nation, One Curriculum’: Chairperson NCAHP

    Posted On: 23 APR 2025 2:38PM by PIB Delhi

    Union Ministry of Health and Family Welfare, in collaboration with the National Commission for Allied and Healthcare Professions (NCAHP), launched competency-based curricula for ten allied and healthcare professions. Union Health Secretary Smt. Punya Salila Srivastava inaugurated the launch event, here today. Also present were Ms Hekali Zhimomi, Addl. Secretary, MoHFW and Dr Yagna Shukla, Chairperson, NCAHP. The curricula will cover a broad spectrum of professions, including Physiotherapy; Applied Psychology and Behavioural Health; Optometry; Nutrition and Dietetics; Dialysis Therapy Technology and Dialysis Therapy; Radiotherapy Technology; Medical Radiology and Imaging Technology; Anaesthesia and Operation Theatre Technology; Health Information Management; and Physician Associates. This strategic initiative is aimed at ensuring uniformity and excellence in the education and training of allied and healthcare professionals across the country, thereby strengthening the healthcare delivery system in accordance with the emerging needs of the nation.

    In her inaugural address, Union Health Secretary underscored the government’s steadfast commitment to strengthening capacity building and improving the quality of education and training across all domains of the healthcare sector. She highlighted that “the comprehensive revision and standardization of the curricula represent a pivotal step toward establishing consistency in educational content and delivery”.

    Highlighting the importance of the new curricula launched, Smt. Srivastava stated that “India is skilling its healthcare professionals not just for India, but for the globe. The curricula launched today will set a benchmark for the quality of healthcare professionals across various faculties.”

    Underlining the importance of the professions for which new curriculum has been launched, Smt. Srivastava stated that “these professions play a crucial role in preventive, promotive, curative and rehabilitative healthcare. This initiative is expected to significantly enhance the effectiveness of skill-based training, better align educational outcomes with industry needs, and promote greater career mobility and professional recognition for allied health professionals nationwide.”

    She further added that “the success of these curricula depends not only on their design and content but also on the strength of the systems that support their rollout. This includes adequate institutional preparedness, faculty training, infrastructure development, and continuous monitoring to uphold quality standards. Digital modules of the curriculum will be crowd sourced to make them available to all for their capacity building so that the vision of Swastha Bharat can be promoted.”

    Smt. Srivastava also emphasized the critical importance of establishing robust regulatory mechanisms and investing in capacity building to ensure the effective implementation of the newly developed curricula.

    Speaking on the occasion, Dr Yagna Unmesh Shukla, chairperson NCAHP, stated that “these curricula will ensure uniformity and an important step in the direction of actualizing the vision of ‘One Nation, One Curriculum’. It is important to note that this marks the first phase of the curriculum rollout. The release of curricula for other professional categories, as outlined under the National Commission for Allied and Healthcare Professions (NCAHP) Act, 2021, is currently underway and will be completed at the earliest possible opportunity.”

    She further informed that “the new curricula will be mandatorily implemented from 2026.  The new curricula will be available on the NCAHP website”. She also stated that after this phase of curriculum release, other curriculums of professions scheduled under the Act will also be released at the earliest.

    The newly introduced handbooks represent a significant step toward establishing a unified national standard for allied and healthcare education across the country. They provide clear and consistent guidelines regarding course content, eligibility criteria, methods of training delivery, and institutional infrastructure requirements.

    The newly launched curricula are built upon the following principles:

    • Standardization: Establishing minimum educational standards to ensure consistent quality of graduating professionals nationwide.
    • Competency-Based Approach: Emphasizing the practical application of knowledge and skills in real-world healthcare settings, moving beyond theoretical knowledge.
    • Holistic Development: Fostering not only clinical expertise but also essential skills such as communication, teamwork, ethical practice, and lifelong learning.
    • Support for Universal Health Coverage: Preparing a skilled workforce in physiotherapy and renal care to support the government’s vision of Universal Health Coverage.

    The event witnessed the virtual participation of esteemed members from various State Councils, along with distinguished subject matter experts from across the allied and healthcare sectors. Their presence and contributions added significant value to the discussions, reflecting a shared commitment to advancing standardized, high-quality education and professional development within the allied and healthcare professions.

    Background:

    The National Commission for Allied and Healthcare Professions (NCAHP) is an Indian statutory body which regulates and maintains standards of education and services of allied and healthcare professionals. This commission’s objective is to establish and to be equipped with interdependent, Independent and inter referral healthcare practitioner.

    The newly developed curricula aim to cultivate globally competent allied and healthcare professionals, equipped to meet the rising burden of disease and the increasing demand for allied health services. These programs are structured to align with the evolving needs of the healthcare sector, both nationally and internationally.

    The development process involved extensive consultation with academic experts, representatives from professional associations, and key stakeholders across the healthcare ecosystem. A thorough review of existing educational modules was conducted, incorporating insights and feedback from senior technical advisors to ensure relevance and rigor.

    Furthermore, the curricula have been carefully realigned with the regulatory standards and provisions outlined in the National Commission for Allied and Healthcare Professions (NCAHP) Act, 2021. This comprehensive approach ensures that the training of allied and healthcare professionals remains current, responsive, and of the highest quality.

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  • MIL-OSI Asia-Pac: Online auction of vehicle registration marks to be held from May 8 to 12

    Source: Hong Kong Government special administrative region

    Online auction of vehicle registration marks to be held from May 8 to 12 
         A spokesman for the TD said, “A total of 120 Ordinary VRMs will be available at this online public auction. The list of VRMs (see Annex) has been uploaded to the E-Auction website. Applicants who have paid a $1,000 deposit to reserve the Ordinary VRM for auction should also register as an E-Auction user in advance in order to participate in the online bidding, including placing the first bid at the opening price of $1,000. Otherwise, the VRMs reserved by them may be bid on by other interested bidders at or above the opening price. Auctions for VRMs with ‘HK’ or ‘XX’ as a prefix, special VRMs and personalised VRMs will continue to be carried out through physical auctions by bidding paddles, and their announcement arrangements remain unchanged.”
     
         Members of the public participating in the online bidding should take note of the following important points:
     
    (1) Bidders should register in advance as an E-Auction user by “iAM Smart+” equipped with the digital signing function; or by using a valid digital certificate and an email address upon completion of identity verification. Registered “iAM Smart” users should provide their Hong Kong identity card number, while non-Hong Kong residents who are not “iAM Smart” users should provide the number of their passport or other identification documents when registering as E-Auction users.
     
    (2) Bidders are required to provide a digital signature to confirm the submission and amount of the bid by using “iAM Smart+” or a valid digital certificate at the time of the first bid of each online bidding session (including setting automatic bids before the auction begins) to comply with the requirements of the Electronic Transactions Ordinance.
     
    (3) If a bid is made in respect of a VRM within the last 10 minutes before the end of the auction, the auction end time for that particular VRM will be automatically extended by another 10 minutes, up to a maximum of 24 hours.
     
    (4) Successful bidders must follow the instructions in the notification email issued by the TD to log in to the E-Auction within 48 hours from the issuance of email and complete the follow-up procedures, including:
     (5) A VRM can only be assigned to a motor vehicle registered in the name of the purchaser. Relevant information on the Certificate of Incorporation must be provided by the successful bidder in the Purchaser Information of the Memorandum of Sale if the VRM purchased is to be registered under the name of a body corporate.
     
    (6) Successful bidders will receive a notification email around seven working days after payment has been confirmed and can download the Memorandum of Sale from the E-Auction. The purchaser must apply for the VRM to be assigned to a motor vehicle registered in the name of the purchaser within 12 months from the date of issue of the Memorandum of Sale. If the purchaser fails to do so within the 12-month period, in accordance with the statutory provision, the allocation of the VRM will be cancelled and a new allocation will be arranged by the TD without prior notice to the purchaser.
     
         The TD has informed all applicants who have reserved the Ordinary VRMs for this round of auction of the E-Auction arrangements in detail by post. Members of the public may refer to the E-Auction website or watch the tutorial videos for more information. Please call the E-Auction hotline (3583 3980) or email (e-auction-enquiry@td.gov.hkIssued at HKT 15:00

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  • MIL-OSI Asia-Pac: EPD convictions in March

    Source: Hong Kong Government special administrative region

    EPD convictions in March 
         Five of the convictions were under the Air Pollution Control Ordinance, four were under the Noise Control Ordinance, eight were under the Public Cleansing and Prevention of Nuisances Regulation, and 21 were under the Waste Disposal Ordinance.
     
         A company was fined $30,000, which was the heaviest fine in March, for importing controlled waste without a permit.
    Issued at HKT 15:00

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  • MIL-OSI Asia-Pac: CCI approves the (i) acquisition of certain equity shares of Bharti Axa Life Insurance Company Limited (BALIC/ Target) by 360 ONE Private Equity Fund, through its schemes or affiliates (360 Fund); and (ii) subscription of certain equity shares in the Target by Bharti Life Ventures Private Limited (BLVPL) and 360 Fund

    Source: Government of India

    Posted On: 23 APR 2025 2:59PM by PIB Delhi

    The Competition Commission of India has approved the (i) acquisition of certain equity shares of Bharti Axa Life Insurance Company Limited (BALIC/ Target) by 360 ONE Private Equity Fund, through its schemes or affiliates (360 Fund); and (ii) subscription of certain equity shares in the Target by Bharti Life Ventures Private Limited (BLVPL) and 360 Fund.

    360 Fund, through its schemes or affiliates, proposes first to acquire equity shares of the Target from BLVPL. Subsequently, 360 ONE (defined in subsequent paragraphs), and BLVPL also propose to subscribe to certain equity shares in Target.

    360 Fund is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund and is established for the purpose of investing in various sectors in India and worldwide. 360 ONE Alternates Asset Management Limited (360 AAML) provides investment management services to 360 ONE’s entities. 360 AAML is a wholly owned subsidiary and is ultimately controlled by 360 ONE WAM Limited. (360 Fund and 360 AAML collectively referred to as ‘360 ONE’)

    BLVPL is the holding company of BALIC, and both of these companies belong to the Bharti Group.

    BALIC is a limited liability public unlisted company incorporated in India. BALIC is involved in the business of providing life insurance policies.

    Detailed order of the Commission will follow.

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  • MIL-OSI Asia-Pac: FEHD orders food factory in Kwai Chung to suspend business for 14 days

    Source: Hong Kong Government special administrative region

    FEHD orders food factory in Kwai Chung to suspend business for 14 days    
    The premises, located at Shop 11 on the ground floor of Cheong Wang Mansion at 539 Castle Peak Road, was ordered to suspend business from today (April 23) to May 6.
        
    “Two convictions for the above-mentioned breach were recorded against the shop licensee in August of last year and January of this year. A total fine of $8,300 was levied by the court and 15 demerit points were registered against the licensee under the department’s demerit points system. The contraventions resulted in the 14-day licence suspension,” a spokesman for the Food and Environmental Hygiene Department (FEHD) said.
        
    The licensee concerned had a record of two convictions for extending the business area illegally in April and June of last year. A total fine of $6,000 was levied and 30 demerit points were also registered, leading to a seven-day licence suspension during August and September last year.
        
    The spokesman reminded licensees of food premises to comply with the FBR, or their licences could be suspended or cancelled.
     
    Licensed food premises are required to exhibit their licence and a sign at a conspicuous place of the premises, indicating that the premises has been licensed. A list of licensed food premises is available on the FEHD website (www.fehd.gov.hk/english/licensing/licence-foodPremises-search.htmlIssued at HKT 15:00

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  • MIL-OSI Asia-Pac: New optical sensing platform for detecting cholesterol could indicate probability of diseases

    Source: Government of India

    Posted On: 23 APR 2025 2:55PM by PIB Delhi

    A highly sensitive, eco-friendly and cost-effective optical sensing platform developed for cholesterol detection can help identify early symptoms of diseases like atherosclerosis, venous thrombosis, cardiovascular diseases, heart disease, myocardial infarction, hypertension, and cancer.

    Detecting fatal diseases at their earliest symptoms is essential, as abnormal biochemical markers may sometimes accompany such disorders. Therefore, reliable point-of-care (POC) detection of biomarkers associated with these diseases is necessary for personalized health monitoring.

    Cholesterol is an essential lipid in humans, produced by the liver. It is the precursor for vitamin D, bile acids, and steroid hormones. Cholesterol is necessary for animal tissues, blood, and nerve cells, and it is transported by blood in mammals. There are two types of cholesterol: LDL (low-density lipoprotein), often referred to as ‘bad’ cholesterol because it can accumulate in the walls of arteries and contribute to severe diseases, and HDL (high-density lipoprotein), known as ‘good’ cholesterol.

    However, maintaining a balance in cholesterol levels is crucial. Both high and low cholesterol levels can lead to various diseases, including atherosclerosis, venous thrombosis, cardiovascular diseases, heart disease, myocardial infarction, hypertension, and cancer. Atherosclerotic plaques form when excess cholesterol builds up on artery walls, hindering proper blood flow.

    A team of interdisciplinary researchers at the Institute of Advanced Study in Science and Technology (IASST) in Guwahati, an autonomous institute under the Department of Science and Technology (DST, has developed an optical sensing platform for cholesterol detection based on silk fibre functionalized using phosphorene quantum dots.

    A point-of-care (POC) device has been developed in the laboratory scale for detecting cholesterol using this. It can sense cholesterol in trace amounts, even below the preferred range. It can be an efficient tool for routine monitoring of cholesterol levels in the human body.

    The project, led by Prof. Neelotpal Sen Sarma, a retired Professor; Dr. Asis Bala, an Associate Professor; and Ms. Nasrin Sultana, a DST INSPIRE Senior Research Fellow incorporated the material – the silk fibre, into a cellulose nitrate membrane to create an electrical sensing platform for cholesterol detection.

    Fig: Schematic representation of the work done on the detection of cholesterol based on silk fiber functionalized phosphorene quantum dots.

    The synthesized sensors were highly sensitive as well as selective for cholesterol detection. Furthermore, the electrical sensing platform generates no e-waste, a key advantage of the fabricated device. Both sensing platforms respond similarly to real-world media such as human blood serum, experimental rat blood serum, and milk. The work was published in the “Nanoscale” Journal, published by Royal Society of Chemistry.

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