Category: Asia

  • MIL-OSI USA: House Democrats’ Litigation Task Force Urges Supreme Court to Protect Constitution, Defend Birthright Citizenship

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Washington, D.C. — This week, House Democrats’ Litigation and Rapid Response Task Force elevated their fight against the Trump Administration’s illegal attacks on the constitutional principle of birthright citizenship to the highest court in the land—filing an amicus brief for the  three birthright citizenship cases currently before the United States Supreme Court (Trump v. State of Washington, Trump v. CASA, Inc., and Trump v. State of New Jersey).

    The brief was signed by 183 House Democrats and offers a compelling argument that President Trump’s week one order to strip the guarantee of citizenship provided to children born in America violates the Constitution and over a century of Supreme Court rulings, and laws enacted by Congress. The justices are set to hear oral arguments in the cases on May 15th, following the administration’s request that they lift a nationwide pause currently halting the implementation of this policy. 

    The full brief is available HERE.  

    The lawmakers first got involved when the U.S. Court of Appeals for the Ninth Circuit considered the case of Trump v. State of Washington. Their latest endeavor is again being led by House Democratic Leader Hakeem Jeffries, along with Litigation Task Force Co-Chairs Assistant Leader Joe Neguse and Ranking Member Jamie Raskin; Representatives Bennie Thompson, Ranking Member of the Homeland Security Committee, and Pramila Jayapal, Ranking Member of the Subcommittee on Immigration Integrity, Security, and Enforcement; as well as Congressional Black Caucus (CBC) Chair Yvette Clarke, Congressional Hispanic Caucus (CHC) Chair Adriano Espaillat, Congressional Asian Pacific American Caucus (CAPAC) Chair Grace Meng, and Congressional Jewish Caucus (CJC) Co-Chairs Jerry Nadler and Brad Schneider.

    See what they had to say below: 

    “Donald Trump and Elon Musk are taking a chainsaw to the United States Constitution. Their disgraceful actions on birthright citizenship violate our nation’s laws and are an assault on the American way of life. House Democrats will continue to push back aggressively against them in the courts, in Congress and in our communities. The Supreme Court of the United States must stand on the side of the Constitution and reject this outrageous effort. I am thankful for the leadership of Rep. Raskin, Rep. Thompson, Rep. Jayapal, Rep. Clarke, Rep. Espaillat, Rep. Meng, Rep. Nadler, Rep. Schneider and Assistant Leader Neguse of the Litigation Working Group and Rapid Response Task Force in standing up for the rule of law,” said House Democratic Leader Hakeem Jeffries.

    “The first sentence of the 14th Amendment overthrew the Dred Scott decision and replaced racial citizenship with birthright citizenship. For more than a century and a half, the Supreme Court has upheld the plain meaning of the 14th Amendment and Congress has codified it. Four district judges, two Republican appointed and two Democratic appointees, rejected and enjoined Donald Trump’s blatantly unconstitutional order. We will all uphold and defend the Constitution against Donald Trump,” said Ranking Member Jamie Raskin

    “President Trump’s executive order on birthright citizenship is unconstitutional, and as our amicus brief makes clear, House Democrats will continue to vindicate our constitution,” said Assistant Democratic Leader Joe Neguse

    “We will not allow the Trump administration to redefine what it is to be an American just to fit their extreme anti-immigrant beliefs. Under the Constitution, people born here are United States citizens – no matter who they are, what they look like, or where their families came from. Americans reject what Trump is attempting to do, and the Supreme Court must too,” said Ranking Member Bennie Thompson.

    “Birthright citizenship is a core piece of our Constitution. Ending it through executive order is simply unconstitutional and a dangerous overreach of executive power,” said Ranking Member Pramila Jayapal. “All persons born on U.S. soil are U.S. citizens, that is what our Constitution dictates and is something President Trump cannot undo by waving a pen. As the first immigrant to serve as Ranking Member of the Subcommittee on Immigration, Integrity, Security, and Enforcement, I am proud to be co-leading on this amicus brief to stand up for the immigration laws of this country.”

    “Birthright citizenship is enshrined in our Constitution and has been affirmed by the Supreme Court numerous times — including in the landmark United States v. Wong Kim Ark decision. No matter what President Trump says or does, he cannot unilaterally overrule the law of the land by signing a piece of paper. As Chair of the Congressional Asian Pacific American Caucus, I join my colleagues in standing up for American values and against this unconstitutional executive overreach,” said CAPAC Chair Grace Meng.

    “Birthright citizenship is a moral imperative in the United States because of its origins. It’s about our collective recovery from the evils of slavery, yes, but it’s also about equal opportunity for every American born in this country,” said CHC Chair Adriano Espaillat. “This brief reminds the Supreme Court of the historical weight of the 14th amendment and of the very real costs that would be imposed by additional legal requirements on all growing families by a spurious reinterpretation of this keystone amendment.”

    “For more than a century, a cornerstone of our law is that those born on U.S. soil are American citizens. President Trump’s executive order to nullify birthright citizenship is in clear violation of the Fourteenth Amendment and is further evidence that extremist Republicans more concerned with dividing our country, not lower the cost of living, or improving economic conditions for hardworking Americans. President Trump has absolutely no authority to unilaterally write American citizens out of the Constitution, and any challenge to that notion is utterly fanciful. As Chair of the Congressional Black Caucus, I am proud to join my colleagues in making clear that we will not stand down against President Trump and extremist Republicans’ lawless and xenophobic attacks,” said CBC Chair Yvette Clarke.

    “Donald Trump is not a king. He cannot dismiss a century and a half of legal and judicial precedent that affirms the plain language of the Fourteenth Amendment of our Constitution with the swipe of a pen. Our Constitution clearly says if you are born here, you are a citizen. I’m hopeful that our highest court will follow the precedent set by its predecessors and send a clear message to the President that his flagrant, illegal overreach will be stopped,” said CJC Co-Chair Brad Schneider.

    “Donald Trump’s divisive and xenophobic policies seek to divide and distract us,” said CJC Co-Chair Jerry Nadler. “We are dealing with a President who believes he is not just above the law, but above the U.S. Constitution.  The 14th Amendment is clear that persons born in the United States are U.S. citizens. And yet, President Trump feels compelled to single-handedly change what has been universally understood about the law since the Amendment was adopted in 1868.  All Americans should be disturbed by Trump’s assertion that he can unilaterally change the Constitution at will to suit his purposes.  This represents an assault on our democracy, and we cannot stand idly by and allow the President to disregard fundamental pillars of the Constitution. That is why I am proud as the Congressional Jewish Caucus Co-chair to join my colleagues in leading this effort.”

    For more information on House Democrats efforts to protect Americans against the unlawful actions of the Trump Administration, visit litigationandresponse.house.gov. 

    ###

    MIL OSI USA News

  • MIL-OSI: BexBack Launches Game-Changing 100x Leverage, No KYC, and $100 Trading Bonus for New Traders

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 01, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market experiences increased volatility, BexBack, a leading cryptocurrency derivatives platform, is offering traders unparalleled opportunities to maximize their profits. With Bitcoin surging to new highs, reaching $95,000, BexBack is at the forefront, helping both new and experienced traders capitalize on the market’s fluctuations. The platform provides up to 100x leverage, no KYC, and exclusive bonuses, redefining the way crypto trading is done.

    Why Choose BexBack?

    BexBack is designed to offer more than just a simple trading platform. Its innovative features empower traders to take control of their investments with enhanced flexibility, safety, and profitability. Key advantages of the platform include:

    1. No KYC Requirement: Users can start trading immediately without undergoing complicated identity verification processes, ensuring maximum privacy.
    2. 100x Leverage: BexBack provides up to 100x leverage on Bitcoin, Ethereum, Solana, and more, allowing traders to open larger positions with smaller capital and maximize profit potential in volatile market conditions.
    3. Exclusive Bonuses:
      • $100 Trading Bonus: New users who deposit at least 0.01 BTC or 1000 USDT and complete their first trade will receive a $100 bonus, helping them get started with trading and offset potential losses.
      • 100% Deposit Bonus: Double your funds with a 100% deposit bonus, which can be used as margin for increased trading power. While this bonus is non-withdrawable, it can significantly amplify profits by allowing traders to open larger positions.
    4. Zero Deposit Fees: There are no deposit fees on the BexBack platform, giving traders more freedom to manage their investments without worrying about additional costs.

    How Does 100x Leverage Work?

    100x leverage allows traders to open positions much larger than their initial investment, enabling them to profit from even small price movements in the market. For example, if the price of Bitcoin rises by $5,000, a trader using 100x leverage can earn up to 5 BTC from a 1 BTC investment, resulting in a 500% return. However, traders should be cautious, as higher leverage also increases the risk of liquidation.

    Global Access and 24/7 Support

    BexBack is accessible to users across the globe, including in the United States, Canada, Europe, and many other regions. The platform is available via both web and mobile applications, offering users a feature-rich, seamless trading experience wherever they are. Additionally, BexBack offers 24/7 customer support to assist traders with any questions or issues they may encounter.

    The Future of Crypto Trading

    BexBack continues to innovate, offering traders the tools they need to succeed in the ever-changing world of cryptocurrency. The platform’s commitment to providing high-leverage trading, a user-friendly interface, and robust customer support has quickly earned it a reputation as a trusted platform in the global crypto community.

    Join BexBack Today

    If you’re ready to take your crypto trading to the next level, now is the time to act. With 100x leverage, a 100% deposit bonus, and the opportunity to earn a $100 trading bonus, BexBack is the perfect platform for those seeking to capitalize on the current crypto market trends.

    Sign up now and start trading with BexBack today!

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/f1ff86a4-36f8-4db0-a81f-f1d07e85e3c0
    https://www.globenewswire.com/NewsRoom/AttachmentNg/795cf90a-ecb4-4143-b7de-b42513eb73c5
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5f47f494-4269-4dd8-a12f-1d5f76a6b8b6

    The MIL Network

  • MIL-OSI USA: Ricketts Spends State Work Period Fighting for Nebraska Priorities

    US Senate News:

    Source: United States Senator Pete Ricketts (Nebraska)

    WASHINGTON, D.C. – Yesterday, U.S. Senator Pete Ricketts (R-NE) highlighted his efforts to fight for Nebraska priorities during the recent Senate state work period. Ricketts led a bipartisan delegation trip to the Philippines and Taiwan focused on deterring Communist China. Trade issues were also discussed. He then held a series of public events in Nebraska. Those included town halls in Scottsbluff, Valentine, and Kearney. He made the following comments while on a conference call with Nebraska media:

    “Before Easter, I visited the Philippines and Taiwan,” said Ricketts. “I met with the leaders in both those countries. We discussed ways to push back on Communist China’s aggression. Communist China is our greatest external threat.”

    Ricketts also underscored the potential for expanded trade opportunities for Nebraska agriculture producers.

    “There is a lot of interest in signing new trade deals,” said Ricketts. “For example, Taiwanese Vice President Hsiao expressed an interest in buying more of our soybeans instead of buying them from Brazil. Others expressed interest in buying more of our natural gas. They know Communist China is a bad trading partner. They want to work with us. There’s a lot of opportunity. We need to start cutting these trade deals.”

    In addition, Ricketts recapped the many public events he held across Nebraska. This included three town halls, roundtable conversations in Grand Island and Scottsbluff, a cattle branding in Sioux County, and events in Lincoln with Nebraska Farm Bureau and the Lincoln Chamber of Commerce.

    “I shared how I’m working with President Trump to secure the southern border, protect the 2017 tax cuts, and support Nebraska agriculture,” continued Ricketts. “I gave an update on how I’m fighting to address our $36 trillion national debt – which is our greatest domestic threat. I also heard feedback and answered questions directly from Nebraskans. These conversations help me stay connected to the priorities and values of my constituents.”

    [embedded content]

    Watch the video here

    TRANSCRIPT:

    Senator Ricketts: “Over the last two weeks, I focused on some of the priorities that we face now as a nation. 

    “For example, specifically deterring China and tackling our debt.

    “Before Easter, I visited the Philippines and Taiwan.  

    “I met with the leaders in both those countries.  

    “We discussed ways to push back on Communist China’s aggression. 

    “Communist China is our greatest external threat.  

    “Xi Jinping has said that he wants to be the world’s dominating power by 2049. 

    “Communist China’s dramatic military buildup and increasingly provocative actions are designed to force everyone else to bend to its will.  

    “Just this week, it took over an island in the West Philippine Sea.  

    “In the past, they have stolen intellectual property and continue to do so.  

    “They manipulate or disregard rules to gain advantages that risk our security. 

    “That threatens our security and threatens the security of many of our allies and partners. 

    “We also discussed expanding trade opportunities for American producers. 

    “There is a lot of interest in signing new trade deals. 

    “For example, Taiwanese Vice President Hsiao expressed an interest in buying more of our soybeans instead of buying them from Brazil. 

    “Others expressed interest in buying more of our natural gas. 

    “They know Communist China is a bad trading partner. They want to work with us. 

    “There’s a lot of opportunity. We need to start cutting these trade deals. 

    “Last week, I held public events in the Western, Central, and Eastern parts of our state. 

    “For example, I hosted three town halls in Scottsbluff, Valentine, and Kearney. 

    “At these town halls, I shared updates on my work in Washington. 

    “I shared how I’m working with President Trump to secure the southern border, protect the 2017 tax cuts, and support Nebraska agriculture. 

    “I gave an update on how I’m fighting to address our $36 trillion national debt – which is our greatest domestic threat. 

    “I also heard feedback and answered questions directly from Nebraskans. 

    “These conversations help me stay connected to the priorities and values of my constituents. 

    “In addition to the townhalls, I spoke to the Lincoln Chamber of Commerce. 

    “I gave a legislative update and answered questions about taxes, tariffs, and other topics. 

    “In Lincoln, I partnered with Nebraska Farm Bureau to call for making the Trump tax cuts permanent. 

    “If the tax cuts expire, Americans would see a $4 trillion tax increase. 

    “That would hurt Nebraska families, farmers, and small businesses. 

    “The child tax credit will be cut by $1,000. 

    “The standard deduction will be cut in half. 

    “And the deduction for the Death Tax would also be cut in half, putting our Nebraska family farms and ranches at risk.

    “If these tax cuts were to expire, a family of four making $80,000 would pay $1,700 more in taxes. 

    “I want to see Nebraskans’ taxes cut, not raised. 

    “I also held several important roundtable meetings. 

    “In Grand Island, I heard directly from local Chambers of Commerce. 

    “They shared their strategies for economic development and revitalization. 

    “For example, I heard about the Kearney sportsplex, which is attracting events from all over the region. 

    “In fact, they told me that they are entirely booked, having only two open weeks from now until 2029. 

    “That’s huge for central Nebraska. 

    “In Scottsbluff, I sat down with agriculture leaders. 

    “They shared with me the challenges facing rural communities. 

    “Nebraska’s farmers and ranchers feed the world. 

    “I’m committed to passing a comprehensive farm bill that delivers the tools they need to succeed. 

    “While in western Nebraska, I took part in a cattle branding in Sioux County. 

    “Branding is a great part of western life. 

    “It’s tough, honest work that brings families and communities together. 

    “The brand identifies cattle and protects against theft. 

    “The calves are also vaccinated to protect their health.

    “Nebraska is the Beef State because of the grit demonstrated every day by our ranchers. 

    “I’ll always advocate for Nebraska agriculture. 

    “In addition, my team and I are hosting Mobile Office Hours in every single county. 

    “We did that in all 93 counties last year – twice.

    “We help Nebraskans navigate the federal bureaucracy. 

    “And I’ll continue fighting every day to make sure Nebraskans’ voices are heard in Washington. 

    “Nebraskans deserve nothing less.”

    MIL OSI USA News

  • MIL-OSI: GTreasury Customer American Airlines Named Treasury & Risk 2025 Alexander Hamilton Award Finalist for Technology Excellence

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) — GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, today announced that American Airlines has been named a Technology Excellence category finalist in Treasury & Risk’s 2025 Alexander Hamilton Awards. American Airlines uses GTreasury’s treasury and risk management platform to help achieve its treasury and financial goals.

    Treasury & Risk’s 29th annual Alexander Hamilton Awards recognize companies taking big leaps forward in treasury, finance, and/or risk management through process innovation and technology implementation. The Technology Excellence Award category honors corporate treasury or finance departments for their implementation of innovative technology solutions that solve major problems, yield impressive results, and set precedents for best practices in treasury or finance.

    “We’re proud to congratulate our customer American Airlines as one of just three finalists for the 2025 Alexander Hamilton Award for Technology Excellence,” said Jason Baldree, Chief Customer Officer, GTreasury. “American’s Collateral Management System, built from our configurable asset and transaction solution, is a first-of-its-kind solution that consolidates all treasury activities into one platform while addressing their specific need for detailed collateral management across their vast fleet. Their implementation has already increased accounting entry automation, freed up treasury staff hours, and established a new blueprint for asset-heavy businesses raising collateralized debt. It’s an especially great treasury technology success story, and we’re excited to see American’s team honored for its achievement.”

    About GTreasury

    GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Our industry leading solutions are purposefully designed to support every stage of treasury complexity, from Cash Visibility and Forecasting to Payments, Risk, Debt, and Investments. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures. To learn more, visit GTreasury.com.

    GTreasury is headquartered in Chicago, with locations serving EMEA (Dublin and London) and APAC (Sydney, Singapore, and Manila).

    Contact
    Kyle Peterson
    kyle@clementpeterson.com

    The MIL Network

  • MIL-OSI Banking: Samsung Honors Educators with Special Discounts During Teacher Appreciation Week

    Source: Samsung

    From May 5 to 9, school communities throughout the United States will celebrate Teacher Appreciation Week, a week dedicated to thanking educators for their hard work in inspiring and shaping the young minds of tomorrow. Samsung would like to take this opportunity to recognize all educators for their commitment to instilling students with the knowledge and skills necessary for future success by offering exclusive savings for educators and school administrators from May 1 to 31.
    “Educators are the backbone of our future successors, expanding the horizons of millions of students and guiding them on the path to become the leaders of tomorrow,” said Sara Grofcsik, Head of Sales, Display Division, Samsung Electronics America. “In today’s rapidly evolving digital world, access to impactful, user-friendly technology is essential in empowering both teachers and students. By offering best-in-class education solutions, we’re not just supporting educators, we’re investing in learning, innovation and opportunities for all.”

    Big Thanks, Bigger Savings on Interactive Displays and Monitors
    Teacher Appreciation Week deals include discounts up to $800 on select products on Samsung.com, including $300 off the Interactive Display (model name: WAD), Samsung’s first Google Enterprise Devices Licensing Agreement (EDLA)-certified classroom display. Powered by the Android 13 operating system, the Samsung WAD Interactive Display — available in 65-, 75- and 86-inch models — provides an intuitive and engaging experience that eliminates the learning curve of new instructional tools for teachers and students alike. To enhance student collaboration and classroom engagement, the WAD series offers a natural writing experience with infrared (IR) touch and supports up to 40 simultaneous touchpoints.
    Additional savings include up to a $620 discount on the award-winning 27-inch ViewFinity S9 monitor — a 5K high-resolution screen that delivers incredible detail when developing engaging and vibrant classroom materials. Educators can also enjoy $300 off the immersive curved 34-inch ViewFinity S65VC and up to $360 off the 34-inch ViewFinity S65TC monitors that maximize screen real estate and improve productivity when it comes to crafting lesson plans, reviewing curriculum or managing the classroom.

    Saluting Samsung Solve for Tomorrow Champions: 10 Schools, New Tech!
    Samsung recently awarded 10 public middle and high schools with a Samsung Interactive Display (model name: WAF) and specialized training from the Samsung Education Solutions team as part of the Samsung Solve for Tomorrow national STEM competition. Now in its 15th year, Solve for Tomorrow challenges students in grades 6–12 to use STEM to develop real-world solutions to issues impacting their local communities. This milestone year celebrates a legacy of student-driven innovation, with more than $2 million in prizes awarded in 2025 alone. At the core of Solve for Tomorrow is a mission to advance STEM literacy, proficiency and equity, ensuring that educators are equipped with transformative technology and students are empowered to think boldly and creatively. To date, Samsung has provided over $29 million in technology and classroom resources to nearly 4,300 public schools across the United States, helping to bridge the knowledge and resource gaps in STEM education.
    “Receiving the Samsung WAF Interactive Display is a game-changer for our school. It will open up new possibilities for how we teach, connect and inspire the next generation of innovators,” said Dr. Kirstin Milks, science teacher, Bloomington High School South in Bloomington, Indiana.

    MIL OSI Global Banks

  • MIL-OSI Global: As heated tobacco products reenter the US market, evidence on their safety remains sparse – new study

    Source: The Conversation – USA – By Jamie Hartmann-Boyce, Assistant Professor of Health Promotion and Policy, UMass Amherst

    Most studies on the safety of heated tobacco products are funded by tobacco companies. YaroslavKryuchka/iStock via Getty Images Plus

    Heated tobacco products are often marketed by tobacco companies as less harmful than cigarettes, but they can pose health risks to users, according to a new review I co-authored in the journal Tobacco Control. Evidence on their health risks in people who smoke is limited, sometimes contradictory, and hard to make sense of.

    Heated tobacco products are electronic devices that heat tobacco so users can inhale nicotine. Common brands include IQOS, available in the U.S., and Ploom and Glo, sold in other countries.

    Heated tobacco products are different from e-cigarettes, though they may look similar. E-cigarettes, which are also called vapes, heat a liquid containing nicotine but not tobacco, whereas heated tobacco products heat actual tobacco leaf. Heated tobacco products are also different from traditional cigarettes, which burn tobacco rather than heating it. These distinctions matter because it’s the burning of tobacco leaf – not the nicotine – that directly causes the disease and death associated with smoking.

    There is limited long-term data about the health harms of heated tobacco products. My colleagues and I analyzed the available data, drawn from 40 clinical trials, that followed participants who used these products for a year or less. We looked at molecular changes in the blood, breath and urine, called biomarkers, to explore the potential risks of heated tobacco products.

    The studies we reviewed reported changes in 143 different biomarkers, including measures linked to heart disease and cancer. But drawing clear conclusions from the data was hard because of issues with the available evidence. Of the 40 studies, 29 were funded by the tobacco industry. Furthermore, 31 of the 40 studies were conducted in confined settings, meaning that participants’ activities and their use of the assigned product were controlled. This may not reflect heated tobacco products’ real-world use.

    If heated tobacco products are less harmful than cigarettes, we would expect to see largely beneficial effects in smokers who switched to them. However, the evidence we reviewed was inconclusive. Though most studies suggested that heated tobacco products might reduce risks of disease compared with smoking, other studies found no difference, or even the potential of increased risk. Compared with quitting smoking completely, use of heated tobacco products had more consistently harmful effects.

    Tobacco companies claim that heated tobacco products pose less of a health risk than cigarettes.

    Few studies have directly compared the effects of heated tobacco products with e-cigarettes. However, many independently funded, longer-term studies have examined e-cigarettes and have shown they can help people stop smoking and reduce health risks in people who switch completely from smoking to vaping.

    Why it matters

    Heated tobacco products may be coming to a town near you – or already be there. They are already widely used in Japan. IQOS was removed from the U.S. market in 2021 after a court ruled that the product had infringed on an existing patent. However, following a flurry of promotional activities, IQOS relaunched in March 2025 in Austin, Texas. Like most heated tobacco product brands, IQOS is owned by one of the largest cigarette companies in the world, Philip Morris International.

    The company claims it wants to bring IQOS to the U.S. market to provide smoking adults a “better alternative” to cigarettes. But the science we’ve reviewed on whether heated tobacco products are truly healthier is inconclusive. Our review found inconsistencies in data on health effects, and other research suggests these products may not help smokers quit.

    What still isn’t known

    We do not know the long-term health effects of heated tobacco products, nor whether they can actually reduce the risk of disease and death in people who switch from smoking to using heated tobacco products. It is also unclear how heated tobacco products fit into the wider tobacco and nicotine market, especially in light of other available products and interventions already proved to help smokers quit.

    While our findings do not rule out the possibility that these products have fewer health risks than cigarettes, they provide little support for such claims.

    Jamie Hartmann-Boyce receives research funding for tobacco related research from the US NIH-FDA and Cancer Research UK. She has provided research consultancy for the Truth Initiative. Her involvement in this work was not funded and the views expressed here are those of the researchers and do not necessarily represent those of her funders. Other authors of this work are funded by Bloomberg Philanthropies as part of the Bloomberg Initiative to Reduce Tobacco use. This funder had no role in the study design, data collection and analysis, decision to publish, or preparation of the manuscript.

    ref. As heated tobacco products reenter the US market, evidence on their safety remains sparse – new study – https://theconversation.com/as-heated-tobacco-products-reenter-the-us-market-evidence-on-their-safety-remains-sparse-new-study-254278

    MIL OSI – Global Reports

  • MIL-OSI Global: What makes people flourish? A new survey of more than 200,000 people across 22 countries looks for global patterns and local differences

    Source: The Conversation – USA – By Victor Counted, Associate Professor of Psychology, Regent University

    Flourishing is about your whole life being good, including the people and places around you. Westend61 via Getty Images

    What does it mean to live a good life? For centuries, philosophers, scientists and people of different cultures have tried to answer this question. Each tradition has a different take, but all agree: The good life is more than just feeling good − it’s about becoming whole.

    More recently, researchers have focused on the idea of flourishing, not simply as happiness or success, but as a multidimensional state of well-being that involves positive emotions, engagement, relationships, meaning and accomplishment − an idea that traces back to Aristotle’s concept of “eudaimonia” but has been redefined within the well-being science literature.

    Flourishing is not just well-being and how you feel on the inside. It’s about your whole life being good, including the people around you and where you live. Things such as your home, your neighborhood, your school or workplace, and your friends all matter.

    We are a group of psychological scientists, social scientists and epidemiologists who are all contributors to an international collaboration called the Global Flourishing Study. The goal of the project is simple: to find patterns of human flourishing across cultures.

    Do people in some countries thrive more than others? What makes the biggest difference in a person’s well-being? Are there things people can do to improve their own lives? Understanding these trends over time can help shape policies and programs that improve global human flourishing.

    What does the flourishing study focus on?

    The Global Flourishing Study is a five-year annual survey of over 200,000 participants from 22 countries, using nationally representative sampling to understand health and well-being. Our team includes more than 40 researchers across different disciplines, cultures and institutions.

    With help from Gallup Inc., we asked people about their lives, their happiness, their health, their childhood experiences, and how they feel about their financial situation.

    The study looks at six dimensions of a flourishing life:

    1. Happiness and life satisfaction: how content and fulfilled people feel with their lives.

    2. Physical and mental health: how healthy people feel, in both body and mind.

    3. Meaning and purpose: whether people feel their lives are significant and moving in a clear direction.

    4. Character and virtue: how people act to promote good, even in tough situations.

    5. Close social relationships: how satisfied people are with their friendships and family ties.

    6. Financial and material stability: whether people feel secure about their basic needs, including food, housing and money.

    We tried to quantify how participants are doing on each of these dimensions using a scale from 0 to 10. In addition to using the Secure Flourish measure from Harvard’s Human Flourishing Program, we included additional questions to probe other factors that influence how much someone is flourishing.

    For example, we assessed well-being through questions about optimism, peace and balance in life. We measured health by asking about pain, depression and exercise. We measured relationships through questions about trust, loneliness and support.

    Who is flourishing and why?

    Our first wave of results reveals that some countries and groups of people are doing better than others.

    We were surprised that in many countries young people are not doing as well as older adults. Earlier studies had suggested well-being follows a U-shape over the course of a lifespan, with the lowest point in middle age. Our new results imply that younger adults today face growing mental health challenges, financial insecurity and a loss of meaning that are disrupting the traditional U-shaped curve of well-being.

    Married people usually reported more support, better relationships and more meaning in life.

    People who were working – either for themselves or someone else – also tended to feel more secure and happy than people who were seeking jobs.

    People who go to religious services once a week or more typically reported higher scores in all areas of flourishing – particularly happiness, meaning and relationships. This finding was true in almost every country, even very secular ones such as Sweden.

    It seems that religious communities offer what psychologists of religion call the four B’s: belonging, in the form of social support; bonding, in the form of spiritual connection; behaving, in the cultivation of character and virtue through the practices and norms taught within religious communities; and believing, in the form of embracing hope, forgiveness and shared spiritual convictions.

    But some people who attend religious services also report more pain or suffering. This correlation may be because religious communities often provide support during hard times, and frequent attendees may be more attentive to or more likely to experience pain, grief or illness.

    Your early years shape how you do later in life. But even if life started off as challenging, it doesn’t have to stay that way. Some people who had difficult childhoods, having experienced abuse or poverty, still found meaning and purpose later as adults. In some countries, including the U.S. and Argentina, hardship in childhood seemed to build resilience and purpose in adulthood.

    Globally, men and women report similar levels of flourishing. But in some countries there are big differences. For example, women in Japan report higher scores than men, while in Brazil, men report doing better than women.

    Where are people flourishing most?

    Some countries are doing better than others when it comes to flourishing.

    Indonesia is thriving. People there scored high in many areas, including meaning, purpose, relationships and character. Indonesia is one of the highest-scoring countries in most of the indicators in the whole study.

    Mexico and the Philippines also show strong results. Even though these countries have less money than some others, people report strong family ties, spiritual lives and community support.

    Japan and Turkey report lower scores. Japan has a strong economy, but people there report lower happiness and weaker social connections. Long work hours and stress may be part of the reason. In Turkey, political and financial challenges may be hurting people’s sense of trust and security.

    One surprising result is that richer countries, including the United States and Sweden, are not flourishing as well as some others. They do well on financial stability but score lower in meaning and relationships. Having more money doesn’t always mean people are doing better in life.

    In fact, countries with higher income often report lower levels of meaning and purpose. Meanwhile, countries with higher fertility rates often report more meaning in life. These findings show that there can be a trade-off. Economic progress might improve some things but weaken others.

    One of the authors reflects on what the survey data reveals about what helps people truly flourish across the world.

    The big picture

    The Global Flourishing Study is helping us see that people all over the world want many of the same basic things: to be happy, healthy, connected and safe. But different countries reach those goals in different ways. There is no one-size-fits-all answer to flourishing. What it means to flourish can look different from place to place and from one person to another.

    One challenge with the Global Flourishing Study is that it uses the same set of questions in all 22 countries. This method, known as an etic approach, helps us compare results across cultures. But it can miss the nuance and local meanings of flourishing. What brings happiness or purpose in one country or context might not mean the same thing in another.

    We consider this study to be a starting point. It opens the door for more emic studies – research that uses questions and ideas that fit the values, language and everyday life of specific cultures and societies. Researchers can build on this study’s findings to expand how we understand and measure flourishing around the world.

    Tyler J. VanderWeele reports consulting fees from Gloo Inc., along with shared revenue received by Harvard University in its license agreement with Gloo according to the University IP policy.

    Byron R. Johnson and Victor Counted do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. What makes people flourish? A new survey of more than 200,000 people across 22 countries looks for global patterns and local differences – https://theconversation.com/what-makes-people-flourish-a-new-survey-of-more-than-200-000-people-across-22-countries-looks-for-global-patterns-and-local-differences-243671

    MIL OSI – Global Reports

  • MIL-OSI: Best Online Casinos: JACKBIT Rated Top Casino Site In 2025

    Source: GlobeNewswire (MIL-OSI)

    LARNACA, Cyprus, May 01, 2025 (GLOBE NEWSWIRE) — As the demand for online gambling for real money grows, players face a crowded market of options, making it challenging to identify the best online casinos that pay real money. Our team meticulously evaluated numerous platforms, and JACKBIT emerged as the clear leader in delivering an unmatched real money casino experience.

    JOIN JACKBIT NOW & WIN FREE SPINS

    Whether you’re chasing jackpots on the best online casino slots or strategizing at blackjack tables, JACKBIT offers a seamless and rewarding platform that stands out among top online casinos. This review explains why JACKBIT stands out as the top online casino, detailing its bonuses, games, payment options, and more. Ready to dive in? Join JACKBIT Casino and claim your 30% rakeback and 100 free spins!

    A Closer Look at the Best Online Casino: JACKBIT

    JACKBIT has secured the top spot in our rigorous evaluation of the best online casinos for real money. Below, we break down the key factors that make it the leading real money casino for 2025.

    JACKBIT – The Top Online Casino for Real Money

    Since its 2022 launch under a Curacao eGaming Commission license, JACKBIT has set a new benchmark for real-money online casinos. Its standout feature is a no KYC policy, allowing players to register and play with maximum privacy—a game-changer for those seeking legit online casinos.

    As a best paying online casino, JACKBIT processes withdrawals instantly, ensuring you access your winnings without delay. Imagine depositing, playing Sweet Bonanza, and cashing out a big win in minutes—that’s the JACKBIT experience.

    New players get a sign-up bonus of 30% rakeback and 100 free spins with no wagering requirements—perfect for trying out all the platform’s games and features.

    For example, a $100 deposit could yield $30 back plus free spins on Book of the Dead, giving you a head start. JACKBIT keeps the fun going with ongoing offers: a VIP club that gives up to 30% rakeback, social media rewards, and Pragmatic Play’s Drops & Wins tournaments with a €2 million prize pool.

    GET 30% RAKEBACK AND 100 FREE SPINS AT JACKBIT!

    With over 7,000 casino games real money options from 91 top providers like Pragmatic Play, Evolution Gaming, and Play’n Go, JACKBIT caters to every taste. From high-RTP slots to live dealer blackjack, the variety is staggering.

    Its sportsbook is equally impressive, boasting thousands of monthly live events across 140+ sports, including football, basketball, and esports like League of Legends. This makes JACKBIT a one-stop shop for all gambling needs, from casual slot spins to high-stakes sports betting.

    The platform’s sleek, intuitive interface is available in multiple languages (English, Japanese, French, Spanish), ensuring accessibility. High-end SSL encryption protects your data, and 24/7 customer support via live chat and email guarantees prompt assistance.

    Whether you’re new to online casinos that pay real cash or a seasoned player, JACKBIT’s player-centric design and flexible payment options make it the best casino online real money for 2025.

    Pros and Cons of JACKBIT Casino

    Here’s a balanced look at JACKBIT’s strengths and potential drawbacks:

    • Pros:
      • No KYC policy for maximum privacy
      • Instant deposits and withdrawals
      • Over 7,000 games from top providers
      • Extensive sportsbook with live betting
      • Generous welcome bonus and VIP rewards
      • Supports 16+ cryptocurrencies and traditional methods
      • 24/7 customer support
    • Cons:
      • Relatively new platform (launched 2022)
      • Some bonuses may have wagering requirements
      • Bonuses may be game-specific
      • Availability may be restricted in certain regions

    How to Join JACKBIT

    Joining JACKBIT is quick and user-friendly, designed to get you playing in minutes, even if you’re new to real money casinos:

    1. Visit JACKBIT Casino: Click here to navigate to JACKBIT Casino to access the sign-up page.
    2. Sign Up
      1. Click Sign Up, enter your email, and a password.
      2. No personal details needed—registration is instant.
      3. Make Your First Deposit
        1. Go to the Cashier, choose Bitcoin, Ethereum, or Visa.
        2. Deposit at least $50 (or crypto equivalent).
        3. For crypto, just scan the QR code—funds appear instantly.
        4. Enter Bonus Code
          1. In the deposit window, enter the current promo code (e.g., WELCOME).
          2. Check the Promotions page for the latest code.
          3. Receive Your Bonus
            1. Automatically get 30% rakeback plus 100 free spins (no wagering).
            2. Start Playing
              1. Explore over 7,000 slots, table games, and live sports betting.
              2. Pro Tip: Double-check your email and bonus code before you deposit to avoid any hiccups.

                How We Selected JACKBIT as the Best Online Casino

                Choosing the best online casino for real money play required a strict evaluation process to ensure safety, value, and enjoyment. Here’s how we landed on JACKBIT:

                License and Security

                JACKBIT operates under a Curacao eGaming license, a trusted authority in online gambling. It uses high-end SSL encryption to safeguard player data and transactions, ensuring a secure environment. Regular audits confirm game fairness, making it a reliable real cash online casino (Casinos Blockchain).

                Bonuses and Promotions

                We prioritized casinos with generous, fair bonuses. JACKBIT’s 30% rakeback and 100 free spins with no wagering requirements outshine many competitors. Ongoing promotions, like VIP rakeback up to 30% and weekly $10,000 prize pools, add significant value for regular players.

                Casino Games

                A diverse game library is crucial. JACKBIT’s 7,000+ games, from high-RTP slots to live dealer tables, cater to all preferences. It’s sportsbook, with 140+ sports and thousands of live events, ensures variety, keeping the experience fresh for top online casinos real money users.

                Casino Game Providers

                JACKBIT works with top providers—Pragmatic Play, Evolution Gaming, and Play’n Go—to offer fair, eye-catching games with seamless performance, making it a standout online casino.

                Banking Methods

                Flexible, fast payments are essential. JACKBIT accepts over 16 cryptocurrencies, like Bitcoin and Solana—for instant, fee-free transactions, and also offers familiar payment methods such as Visa.This aligns with the best online casino payouts expectations.

                Customer Support

                Reliable support is non-negotiable. JACKBIT offers 24/7 live chat and email support, with prompt, professional responses, ensuring players are never left stranded (AskGamblers).

                JACKBIT’s excellence across these criteria—privacy, speed, variety, and support—makes it the undisputed best online casino for 2025.

                CLAIM 30% RAKEBACK + 100 NO-WAGER SPINS—NO KYC!

                What Players Look for in the Best Online Casinos

                When searching for the best online casino, players typically prioritize several key features that enhance their gaming experience and ensure a safe and fair platform. Here’s how JACKBIT meets these expectations:

                1. Security and Licensing: Players seek assurance that their data is secure. JACKBIT’s Curacao license and SSL encryption provide a safe online casino environment.
                2. Game Variety: A broad selection of casino games real money options is essential. JACKBIT’s 7,000+ games and sportsbook cater to all preferences.
                3. Bonuses and Promotions: Generous offers like JACKBIT’s no-wagering welcome bonus and ongoing promotions boost player value.
                4. Payment Options: Flexible methods, including cryptocurrencies and cards, ensure convenience. JACKBIT’s instant withdrawals set it apart as a best paying online casino.
                5. Customer Support: 24/7 support via live chat and email ensures players can resolve issues quickly.
                6. User Experience: An intuitive interface, available in multiple languages, makes JACKBIT accessible and enjoyable.

                JACKBIT’s alignment with these priorities solidifies its status as the top online casino.

                Best Online Casino Games

                JACKBIT’s vast game selection makes it a top online casino, catering to both casual spinners and strategic bettors alike.

                Online Slots

                JACKBIT boasts a vast slot collection, including fan-favorites like Gates of Olympus (Pragmatic Play, 96.5% RTP), Hand of Anubis, and Mega Moolah (progressive jackpot). These slots feature vibrant themes, bonus rounds, and multipliers, making them ideal for players seeking the best online casino slots. For example, Sweet Bonanza offers cascading reels and a 21,100x max win, perfect for thrill-seekers.

                Blackjack

                A blend of luck and strategy, JACKBIT’s blackjack variants include Classic Blackjack, Multi-Hand, and European Blackjack. Players aim to beat the dealer with a hand close to 21, making it a favorite for those seeking skill-based wins at a real money online casino.

                Roulette

                This classic game of chance offers American and European versions. Players bet on outcomes like red/black or specific numbers, with European Roulette’s lower house edge (2.7%) appealing to savvy gamblers. Its simplicity adds excitement to the best casino online real money experience.

                Poker

                JACKBIT’s poker options, like Caribbean Stud and Three Card Poker, pit players against the house. These games blend strategic depth with high win potential, appealing to different play styles and ramping up the thrill of real-money online casinos.

                Live Dealer Games

                Enjoy more than 250 live dealer games streamed in real time for a true casino atmosphere. Titles like Lightning Roulette and Infinite Blackjack let you chat with professional dealers, making real-money play more immersive.

                Sportsbook

                JACKBIT’s sportsbook covers 140+ sports, including football, basketball, and esports like CS:GO. With thousands of monthly live events and diverse betting types (e.g., over/under, parlays), it’s a haven for sports bettors (Silentbet).

                This varied selection lets JACKBIT serve everyone—from slot lovers to sports bettors—cementing its status as the top online casino.

                GET 30% RAKEBACK + 100 ZERO-WAGER SPINS—JOIN NOW!

                Best Online Casino Payment Methods

                JACKBIT’s payment options are tailored for speed and flexibility, making it a top choice for online casinos that pay real money:

                Cryptocurrency

                JACKBIT excels with 16+ cryptocurrencies, including Bitcoin, Ethereum, and Tether. These offer instant, fee-free deposits and withdrawals, with enhanced privacy—perfect for players seeking best online casino payouts. To deposit Bitcoin, log in, select BTC, scan the QR code, and confirm; funds appear instantly (Trustpilot).

                Debit/Credit Cards

                Visa and MasterCard provide instant deposits, ideal for players new to real money casinos. Withdrawals take 1–3 days, standard for traditional methods.

                E-Wallets

                While cryptocurrencies dominate, e-wallets like Skrill may be available, offering fast, secure transactions for players avoiding direct bank details.

                Wire Transfer

                Suitable for high rollers, wire transfers enable large withdrawals but take 1–5 days with potential fees, less ideal for quick payouts.

                JACKBIT’s focus on fast, secure transactions aligns with the needs of players at top online casinos real money platforms.

                Mobile Gaming at JACKBIT

                In today’s fast-paced world, mobile gaming is essential for the best online casinos. JACKBIT’s platform is fully optimized for mobile devices, allowing players to enjoy casino games that pay real money on smartphones and tablets. The mobile interface mirrors the desktop experience, offering intuitive navigation, fast loading times, and access to all features, including deposits, withdrawals, and bonuses. Whether you’re spinning slots or betting on sports, JACKBIT ensures a seamless mobile experience, making it a top online casino for on-the-go play.

                UNLOCK YOUR 30% RAKEBACK & 100 FREE SPINS—KYC-FREE!

                Responsible Gambling at Online Casinos

                Gambling with real money at sites like JACKBIT is exciting, but it’s vital to play responsibly. JACKBIT offers tools to help you stay in control:

              • Deposit Limits: Choose a maximum amount you can add to your account.
              • Loss Limits: Cap how much you can lose over a set period.
              • Wagering Limits: Restrict the size of your bets in a given timeframe.
              • Session Time Limits: Track and limit how long you play each session.
              • Cooling-Off Periods: Pause your account temporarily when you need a break.
              • Reality Checks: Get pop-up reminders showing how long you’ve been playing.

              JACKBIT’s commitment to responsible gambling ensures a safe, enjoyable experience. Players should wager only what they can afford to lose and seek support if needed, such as through the National Council on Problem Gambling (1-800-522-4700).

              JACKBIT Conclusion: The Best Online Casino for 2025

              Our team reviewed dozens of real-money casinos and named JACKBIT the top choice for 2025. Its no-KYC policy, instant withdrawals, and library of over 7,000 high-payout games make it stand out. New players get 30% rakeback plus 100 free spins on sign-up, and ongoing VIP rewards and tournaments add even more value. With flexible payment options, strong security, and 24/7 support, JACKBIT delivers a reliable experience.

              Whether you prefer high-RTP slots or sports and esports betting, you’ll find it here. Built around responsible-gaming tools and a player-first design, JACKBIT is the best online casino for real-money play in 2025.

              Frequently Asked Questions

              • Is JACKBIT a legitimate online casino?

              JACKBIT is licensed by the Curacao eGaming Commission, ensuring strict regulatory compliance for fairness and security in online gambling for real money.

              • What bonuses does JACKBIT offer?

              JACKBIT provides a 30% rakeback and 100 free spins welcome bonus with no wagering requirements, plus ongoing promotions and a rewarding VIP program for players.

              • Can I play on JACKBIT from my mobile device?

              Yes, JACKBIT’s platform is fully optimized for mobile devices, offering seamless access to games and betting options on smartphones and tablets for real money play.

              • What currencies does JACKBIT accept?

              JACKBIT supports 16+ cryptocurrencies like Bitcoin, Ethereum, and Tether, alongside traditional methods like Visa and MasterCard for deposits and withdrawals in real money casinos.

              • How fast are withdrawals at JACKBIT?

              Cryptocurrency withdrawals at JACKBIT are processed instantly, while traditional methods like Visa or bank transfers may take 1-3 days, ensuring quick access to winnings.

              • Does JACKBIT offer live dealer games?

              Yes, JACKBIT features over 250 live dealer games, including blackjack, roulette, and baccarat, hosted by professional dealers for an immersive real money casino experience.

              Email: support@JACKBIT.com

              Legal Disclaimer

              This content is for informational and entertainment purposes only and should not be interpreted as legal, financial, or gambling advice. All information is presented “as is,” with no warranties regarding accuracy or completeness. Readers are responsible for verifying information and ensuring compliance with local gambling laws. Gambling involves financial risk and potential addiction. Gamble responsibly, only wagering what you can afford to lose. Seek help from organizations like the National Council on Problem Gambling if needed. Some links may be affiliate links, earning a commission at no cost to you. JACKBIT is licensed outside your jurisdiction and may be restricted in certain regions.

              A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dffa4a83-8d63-4896-b946-7c34d8acc993

              The MIL Network

  • MIL-OSI: Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) — Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd. This strategic acquisition aims to strengthen Formidium’s corporate services portfolio by integrating Praxonomy’s flagship cloud-based board management solution, Boardlogic.

    Praxonomy, a UK-based software company, specialized in optimizing board governance through secure, intuitive, and efficient technology. Its primary product, Boardlogic, is a purpose-built collaboration platform designed exclusively for boards of directors. The platform facilitates seamless meeting management, secure document sharing, real-time communication, and informed decision-making, all within a highly secure and cost-effective environment. Praxonomy’s user-friendly approach ensures easy adoption, helping boards enhance governance, efficiency, and compliance.

    Nitin Somani, Founder & CEO of Formidium, commented, “We have had a strong relationship with Praxonomy as a customer for many years, and we are thrilled to integrate it into our product portfolio. This acquisition enhances our technology offerings and strengthens our global presence in board management solutions, supported by an exceptional team.”

    Jay M. Shaw, Co-founder & CEO of Praxonomy Ltd, added, “Formidium’s asset acquisition marks an exciting milestone for Boardlogic, offering a unique opportunity to connect with a global audience and access its existing client base. With the support of a larger organization, Boardlogic will gain increased visibility, enhanced marketability, and the ability to scale more effectively.”

    About Formidium

    Formidium is one of the leading fund administrators globally serving alternatives funds. Since 2016, the firm has built a global presence with offices in the U.S., India, Canada, Singapore and UK, supporting over 600 clients, over 1,700 multi-asset funds, and managing $28B+ in assets under administration (AUA) across 25+ jurisdictions.

    Formidium’s proprietary technology solutions provide unparalleled flexibility to meet bespoke client needs, far exceeding off-the-shelf systems. The firm delivers comprehensive services to alternative investment funds globally, including Net Asset Value (NAV) reporting, year-end tax and financial reporting, cross-currency integration, and full compliance support. It’s cloud-native, scalable SaaS platform enables automated workflows, real-time data access, and modular capabilities for seamless growth.

    Media Contact
    marketing@formidium.com

    The MIL Network

  • MIL-OSI: Silvaco Partners with Kyung Hee University’s Professor Jin Jang on AI-Powered Fab Technology Co-Optimization for Next Generation Display Technologies

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced a strategic research and development partnership with Professor Jin Jang and the Advanced Display Research Center (ADRC) at Kyung Hee University (KHU), South Korea. This four-year collaboration, which officially commenced on February 1, 2025, aims to advance display technology innovation through the integration of FTCO™ (Fab Technology Co-Optimization) with AI-driven Digital Twin modeling.

    Under the partnership, Silvaco will fund Ph.D. students at KHU and closely collaborate with Prof. Jang’s team to provide high-quality measurement data for emerging display technologies—specifically Micro-LED and OLED. The joint research effort will combine this experimental data with Silvaco’s industry-leading simulation tools and FTCO solution platform to create a comprehensive display technology Digital Twin spanning process, device, and circuit levels.

    “Our goal is to demonstrate how FTCO and AI-enabled Digital Twins can revolutionize the development and production of advanced display technologies,” said Prof. Jin Jang. “The collaboration with Silvaco allows us to bridge physical experimentation with virtual modeling, creating a robust foundation for faster, more accurate decision-making in fabs.”

    Silvaco’s role in the partnership includes running corresponding TCAD simulations and developing a complete FTCO flow using Victory TCAD™ simulators with Victory DoE™ and Victory Analytics™ in conjunction with its EDA tools, SmartSpice™ and UTMOST IV™. Combined with experimental data from KHU, this FTCO-based Digital Twin will enable fab engineers to simulate the impact of process variations on device and circuit performance in real-time, significantly accelerating optimization cycles in manufacturing environments.

    “Partnering with Professor Jin Jang and the ADRC team marks a major step forward in applying FTCO and Digital Twin approaches to optimize next generation display technologies,” said Eric Guichard, Senior Vice President and General Manager of the TCAD business unit at Silvaco. “With their world-class expertise in Micro-LED, OLED devices, and related circuits combined with our advanced simulation and analytics platforms, we aim to unlock new levels of efficiency in process optimization, design, and yield improvement. This partnership represents a unique fusion of academic research paving the way for future innovations in display manufacturing and beyond.”

    About Silvaco
    Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

    Contacts
    Media Relations:
    Tiffany Behany, press@silvaco.com

    Investor Relations:
    Greg McNiff, investors@silvaco.com

    The MIL Network

  • MIL-OSI Global: Robert Macfarlane’s new book is a plea to feel the pulse of our rivers

    Source: The Conversation – UK – By Julian Dobson, Senior Research Fellow, Sheffield Hallam University

    beerlogoff/Shutterstock

    Suggesting that a river could be alive has the potential to change everything. Robert Macfarlane, one of Britain’s best-read writers on the natural environment, has done just this in his latest book.

    At one level, Is A River Alive? is a travelogue of adventuring in extreme environments: a lucid, lyrical addition to a genre Macfarlane has made his own. His odyssey through the cloudforests of Ecuador, the stricken rivers of Chennai in India and the tumultuous rapids of the Mutehekau Shipu in north-east Canada has it all: larger-than-life companions, astonishing revelations about the natural world and inadvisable levels of personal risk (including some particularly scary whitewater kayaking).

    Like all good odysseys, it’s a journey of psychological and spiritual self-discovery with a profound sense of nostos, an ancient Greek word meaning the journey home. But it’s much more than that.

    This is a quest with an agenda and an urgency and one that puts its cards on the table from the outset. If a river is alive, our perceptions, laws and politics must change course to recognise that, Macfarlane argues.

    That recognition must be rapid, because we’re already seeing the consequences of treating rivers – and the natural world – as “limitless source and limitless sump”, as he puts it. As an illustration, think of Lake Ontario in the 1990s, which he suggests was so chemically polluted that you could develop photographic film in its water.




    Read more:
    Some rivers have ‘legal personhood’. Now they need a lawyer


    This is new territory for Macfarlane, who shows a sharper critical edge than in his earlier work but also engages more personally and emotionally with his material. Wrecked or restored relationships between humans and the natural world prompt the writer, like a contemporary William Blake, to throw down a moral gauntlet to those who hold economic and political power.

    While lacking the anticolonial anger of Indian author Amitav Ghosh’s polemic The Nutmeg’s Curse, Macfarlane comes to comparable conclusions. Ghosh declares in his book that “if non-human voices are to be restored to their proper place, then it must be, in the first instance, through the medium of stories”. Is A River Alive? seeks to do that.




    Read more:
    Rivers are increasingly being given legal rights. Now they need people who will defend these rights in court


    Interrogating a mystery

    Macfarlane engages seriously with knotty complexities. A river may be alive, but not in any way that can be readily incorporated into human systems. “If you interrogate a mystery, don’t expect answers in a language you can understand,” he muses. He also insists on the necessity of opening our perceptions to the life of and in a river: “to imagine that a river is alive causes water to glitter differently.”

    Macfarlane adopts an animist outlook, declaring non-human entities to have voices and worth in and of themselves. His stance is part of a wave of thinking and writing that is transporting such beliefs from the margins of western spirituality and scholarship into mainstream literature.

    This is vital work, but the challenge shouldn’t be overestimated. If you address these questions from a government perspective, you quickly get quagmired in legal systems and questions of ownership. The result, critics say, is ecological injustice, silencing the voices of nonhumans and of the humans who speak up for them. Yet action to give legal rights to rivers is increasing, from the Rio los Cedros in Ecuador to the Whanganui in Aotearoa New Zealand.

    Logics of inaction

    These are important victories, and work to foreground the rights of nature is gathering pace in the UK. In my own city of Sheffield, my colleagues and I are part of a growing network of academics and community organisations working with the River Dôn project, exploring how the river that runs through our city centre could be given a voice, legal status and, we hope, stronger protection from environmental damage.

    This work joins an increasing flow of thinking in universities, cities and communities that challenges extractive mindsets. But such voices remain sidelined even as the evidence of the damage wrought by the rapacious exploitation of Earth becomes starker.

    My own research has shown how “logics of inaction” persist – even when policymakers know they need to invest in and protect the natural world (in cities, urban parks and wild places), they find reasons to avoid doing so. More often than not, it comes down to money – finances are too tight, or the benefits aren’t obviously quantifiable.

    Even when the benefits of natural spaces are compiled and described in terms that pose no philosophical challenge – they support human health and wellbeing, relationships, participation in society – these benefits are deemed insufficient to stop the cycle of neglect. Indeed, as UK chancellor Rachel Reeves recently declared, developers should “stop worrying about bats and newts” and “focus on getting things built”.

    Is a River Alive? may not stem the tide of environmental destruction. But for those frustrated by the logics of inaction of short-term decision-making, it provides timely and necessary inspiration.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.


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

    ref. Robert Macfarlane’s new book is a plea to feel the pulse of our rivers – https://theconversation.com/robert-macfarlanes-new-book-is-a-plea-to-feel-the-pulse-of-our-rivers-247580

    MIL OSI – Global Reports

  • MIL-OSI Global: Why Donald Trump’s trade tariffs are a threat to global food security

    Source: The Conversation – UK – By Lotanna Emediegwu, Senior Lecturer in Economics, Manchester Metropolitan University

    Billion Photos/Shutterstock

    Donald Trump’s tariffs will make many things more expensive for his fellow US citizens. The price of imported cars, building materials and some tech will go up – and so will the cost of the food on American dining tables.

    The US currently imports around 16% of its food supply, with a large proportion of its fruit and vegetables coming from countries now hit by tariffs.

    Mexico stands out. It supplies over half the fresh fruit and nearly 70% of the fresh vegetables consumed in the US.

    And even when it comes to home grown produce, the US still depends on imported fertiliser for its crops, with Canada providing up to 85% of its neighbour’s supply.

    So grocery bills for American families, especially for fresh produce (and processed foods dependent on foreign ingredients) will get higher. But there will also be a noticeable effect on food prices outside the US.

    The consequences could be particularly serious for developing economies that rely on stable international prices to secure affordable food imports. The prices of many global staples including maize, wheat and soybeans are benchmarked against US markets so when disruptions occur, they reverberate globally.

    Research I conducted with a colleague found that when international prices are disturbed, local food prices, especially in developing countries, go up.

    Take global maize prices, which this year rose by 7% between April 2 (Trump’s “liberation day”) and April 11. Our study suggests this will immediately lead to a similar increase in local maize prices in places like sub-Saharan Africa.

    This is where many of the world’s poorest people live, with hundreds of millions in households earning below the World Bank’s poverty line of US$2.15 (£1.61) per day. When much of that income is spent on food, a 7% increase in the price of maize could be devastating.

    Growth market

    According to another study, tariffs on agricultural products such as fertiliser will increase global production costs, potentially lowering crop yields and worsening food insecurity.

    While the US has reduced tariffs on Canadian potash from 25% to 10%, other fertiliser producers face steeper levels (up to 28% for another major exporter, Tunisia, before Trump’s reciprocal tariffs were paused).

    This is especially worrying for agriculture in countries like Brazil, India and Nigeria, which are still reeling from fertiliser shortages caused by the war between Russia and Ukraine. As with food costs, US tariffs are likely to drive up prices in the global fertiliser market, making it more expensive for everyone, everywhere.

    And when the cost of farming rises, crop production can suffer. This could significantly weaken food production in developing countries that are already battling climate change and volatile markets.

    Another study I conducted found that countries such as the Democratic Republic of the Congo and Somalia – already struggling with food insecurity – are among the most vulnerable to local food price shocks. These economies depend heavily on food imports and face high exposure to currency fluctuations and transport costs.

    A banana field in the Democratic Republic of the Congo.
    giulio napolitano/Shutterstock

    If the trade war escalates, farmers in these regions may be forced to abandon staple crops for cash commodities such as cocoa or coffee, deepening their reliance on volatile global markets and reducing their food self-sufficiency. Global inequality will worsen unless things change.

    One option would be to protect essential agricultural imports, especially fertilizers and staple foods, from punitive tariffs. This would stabilise prices and protect vulnerable economies. The recently announced 90-day pause for negotiations offers a glimmer of hope, but it must be used wisely to build a more equitable trading system.

    In the long term, developing countries need to bolster the resilience of their food systems. My research recommends investing heavily in mechanised agriculture which is resilient to climate change, incentivising farmers with government support, and strengthening regional trade.

    The global food system is heavily interconnected. Decisions made in Washington can quickly affect food prices in Lagos, Cairo and New Delhi. And if tariffs go unchecked, they may unleash a silent and subtle crisis – one measured not in GDP, but in millions of empty stomachs.

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

    ref. Why Donald Trump’s trade tariffs are a threat to global food security – https://theconversation.com/why-donald-trumps-trade-tariffs-are-a-threat-to-global-food-security-255064

    MIL OSI – Global Reports

  • MIL-OSI Global: Pandas and politics − from World War II to the Cold War, zoos have always been ideological

    Source: The Conversation – USA – By John M. Kinder, Professor of History and American Studies, Oklahoma State University

    Giant panda Xiao Qi Ji walks around his enclosure at the Smithsonian National Zoo in September 2023 in Washington, D.C. Anna Moneymaker/Getty Images

    President Donald Trump’s sweeping range of more than 130 executive orders and other decisions aim to upend everything from long-standing immigration policy to the control of a performing arts center.

    But so far, zoos are not among the many issues the Trump administration has focused on.

    That might no longer be the case.

    Trump issued an executive order on March 27, 2025, to restore “truth and sanity” at federal history sites.

    “Over the past decade, Americans have witnessed a concerted and widespread effort to rewrite our Nation’s history,” Trump wrote in the executive order, “replacing facts with a distorted narrative driven by ideology rather than truth.” As a corrective, he instructed Vice President JD Vance to ferret out “improper ideology” at the Smithsonian Institution, a group of museums and research centers created and funded by the federal government.

    The executive order also applied to the National Zoo in Washington, D.C., which has been part of the Smithsonian since 1890.

    For Trump’s critics, the suggestion that zoos might be indoctrinating visitors was absurd.

    NBC “Late Night” host Seth Meyers joked about the executive order on his show on April 2, characterizing it as evidence of an authoritarian personality.

    “Seriously, what the hell is ‘improper’ ideology at the zoo? Trump is starting to get into weird dictator s—,” Meyers said.

    Meyers’ astonishment should come as no surprise. Zoos go to great lengths to portray themselves as scientifically objective and politically neutral.

    Yet as a scholar of wars’ effects on American culture and society, I know that zoos have always been ideological, sending subtle – and not so subtle – messages about topics that have little to do with animals.

    Historically, zoos have been used to justify colonial exploitation. They have lent weight to eugenicist ideas about racial hierarchy. And they have served as backdrops for all kinds of political theater.

    During the 1920s and 1930s, for example, Italian strongman Benito Mussolini liked to climb inside the lion cage at the Rome Zoo to demonstrate the courage and vitality he associated with fascist politics.

    As I argue in my 2025 book “World War Zoos: Humans and Other Animals in the Deadliest Conflict of the Modern Age,” the links between zoos and national politics are especially pronounced in periods of war.

    Benito Mussolini, the longtime fascist dictator of Italy, visits a zoo in Rome in 1924.

    World war zoos

    Zoo ownership and funding models depend on the individual zoo, but many zoos receive at least some government funding to operate.

    At the start of World War II, most governments required zoos to embrace an ideology of sacrifice – a willingness to set the needs of the state above their own.

    For zoos in North America and the British Empire, this meant slashing workers’ pay, rationing food supplies and offering uniformed soldiers special access to zoo facilities.

    It also meant destroying animals considered a threat to public safety, especially in the event of a bombing or assault that could set them free. In 1939, the London Zoo killed more than 200 animals, starting with the black widow spiders and venomous snakes. Other zoos did the same, slaughtering their animal collections as a precaution against possible escape.

    Joan the hippo at the London Zoo gets a drink of water in June 1939.
    Fox Photos/Getty Images

    Authoritarian governments during World War II exercised almost total control over their nations’ zoos.

    Under Adolf Hitler, German zoos enforced “Aryan-only” visitation policies, festooned their grounds with swastikas, hosted galas for Nazi dignitaries and exhibited animals looted from zoos in occupied nations.

    In Japan, the governor of Tokyo ordered the Ueno Zoo to carry out a series of “propaganda killings” aimed at strengthening public commitment to the wartime struggle. Starting in August 1943, zoo staff shot, electrocuted, stabbed and strangled more than 20 animals, including a polar bear, an American bison, a python and a leopard cub.

    Tokyo’s zoo also starved to death three elephants named Jon, Tonki and Hanako. Weeks after the zoo held an official funeral for its animals, two of the three elephants that were not actually dead continued to suffer, their cages covered in bunting so the public would not see the ghastly evidence.

    Even as the fighting raged, the Soviet government directed its zoos to develop practical measures to help the war effort. At the Moscow Zoo, staff taught people how to breed mice and rabbits for medical applications, such as vaccine testing.

    All the while, Soviet zoo employees had to demonstrate ideological vigilance in the workplace. Any slipup could mean official sanction, loss of position or worse.

    Cold War zoos

    During the Cold War, governments around the world continued to view zoos through an ideological lens.

    This was especially true in Berlin, where the city’s two zoos – one in the capitalist West, the other in the communist East – became symbols of competing ideological worldviews.

    No zoo animals were more ideologically fraught in the Cold War than giant pandas, endemic to the forested mountains of central China.

    In the 1950s and 1960s, American zoos were denied permission by the U.S. government to import pandas from China. The State Department considered them “enemy goods.”

    First lady Pat Nixon welcomes pandas to the National Zoo in Washington, D.C., in 1972.

    That changed in 1972, when President Richard Nixon, during a thawing of the Cold War, famously returned from China with Ling-Ling and Hsing-Hsing, the first giant pandas who were gifted to and exhibited in the U.S. in decades.

    The National Zoo unveiled China’s latest “soft power ambassadors” in January 2025. Three-year-old pandas Bao Li and Qing Bao are set to remain in D.C. for 10 years – long enough to win the hearts and minds of millions of zoo visitors.

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

    ref. Pandas and politics − from World War II to the Cold War, zoos have always been ideological – https://theconversation.com/pandas-and-politics-from-world-war-ii-to-the-cold-war-zoos-have-always-been-ideological-255305

    MIL OSI – Global Reports

  • MIL-OSI Global: Guns in America: A liberal gun-owning sociologist offers 5 observations to understand America’s culture of firearms

    Source: The Conversation – USA – By David Yamane, Professor of Sociology, Wake Forest University

    About 86 million American adults own at least one of the estimated 400 million firearms in the U.S. today. Paul Campbell, iStock / Getty Images Plus

    An Asian American and lifelong liberal from the San Francisco Bay Area, I became a first-time gun owner as a 42-year-old in 2011. I began a now 14-year journey into an unfamiliar and complex world of firearms. In my work, I draw on both my personal experiences and sociological observations to understand the long-standing presence of a robust legal gun culture in America.

    In contrast to the dominant scholarly approaches, which focus on gun deviance and harm, I find there is more to firearms than criminal violence, injury and death; more to gun owners than straight white men; and more to gun culture than democracy-destroying right-wing politics.

    Let me share five observations essential to understanding guns in America:

    1. Guns are normal

    About 86 million American adults – 1 in 3 – own at least one of the estimated 400 million firearms in the U.S. today.

    Imagine if everyone who uses TikTok in the U.S. owned a gun – and then add the population of New York City. That is enough gun owners to fill over 1,000 NFL stadiums.

    Humans have used projectile weapons like rocks and spears from the beginning. This unbroken history continues in every society, with firearms as the weapon of choice in all but the most isolated communities. People who could legally own guns in colonial America commonly did so. Even today, civilian firearms ownership remains exceptionally high in the U.S. compared with other industrialized nations.

    The right of everyday Americans to own guns is a deep part of American culture, enshrined in the U.S. Constitution and many state constitutions.

    2. Gun culture 2.0

    The culture of guns in the U.S. has evolved over time.

    Before the mid-1800s, people primarily used firearms for practical purposes: hunting for food, defense from and offense against indigenous populations, controlling enslaved people, expanding territory and fighting against oppressive rulers.

    Kevin Dixie, at a firearms retailer and gun range in Ballwin, Mo., believes that gun rights are about empowering minority communities and ensuring freedom for every American.
    AP Photo/Jeff Roberson

    Starting in the mid-1800s, Americans developed a more complex gun culture that included recreational hunting, organized target shooting and gun collecting. These elements continue today, but, in a shift, Americans increasingly own guns for self-defense.

    Evidence for the evolution to what I call “Gun Culture 2.0” appears in three key areas: surveys about why people own guns, the loosening of gun-carrying laws beginning in the 1980s, and changes in both the types of firearms sold and how companies market them, especially toward small, concealable pistols.

    3. Gun ownership is diverse

    Black Americans have a particularly strong tradition of gun ownership dating at least to the 19th-century abolitionist movement.

    Today, 1 in 4 Black Americans, as well as 1 in 5 Latinos and 1 in 4 women, personally own a gun. Twenty percent of gun owners consider themselves politically liberal. For every four evangelical Protestants who own handguns, three people who don’t identify with any religion own them too. Scholars are even beginning to discover the importance of LGBTQ+ gun owners.

    Gun Culture 2.0 is more diverse and inclusive than the United States’ historical gun culture because security is a universal human concern.

    The response to feelings of insecurity varies. Portfolios of protective measures in the U.S. include home security systems, dogs, the hyperlocal social networking service Nextdoor, gated communities and firearms.

    4. Guns are lethal tools

    Many tools like knives and chainsaws are lethal, meaning they have the capacity to cause death. Guns differ because their lethality is by design. Consequently, guns can make dangerous situations more deadly.

    Despite their ubiquity and deadly potential, accidental firearm deaths are relatively rare and declining in the U.S., numbering fewer than 500 annually in recent years. Most gun deaths are intentional, with suicides accounting for 58% and homicides for 38% of 46,728 gun deaths in 2023.

    While the U.S. has a moderate overall suicide rate compared with other developed countries, it has a firearm suicide rate that substantially exceeds these other nations. This is because firearms are widely available and highly lethal. When people attempt suicide using guns, they die in up to 90% of cases.

    Similarly, although the U.S. is not exceedingly violent or criminal compared with peer nations, its criminal violence is more deadly because these lethal tools are more frequently involved.

    Starting in the mid-1800s, Americans developed a more complex gun culture that included recreational hunting, as depicted in this 1852 lithograph of woodcock hunters.
    Universal History Archive/Getty Images

    5. Guns are paradoxical

    Despite high rates of firearm suicide and homicide, most guns in the U.S. will not kill anyone, and most American gun owners will not commit violence against themselves or others. My calculations, based on the 2023 Centers for Disease Control and Prevention data, indicate that just one gun death occurred per 8,560 firearms and 1,840 gun owners – meaning at least 99.99% of guns and 99.95% of gun owners were not directly involved in fatalities that year.

    These observations collectively point to a final insight: Guns resist simple categorization and embody multiple paradoxes.

    To different people, they are fun and frightening, dangerous and protective, diffuse and concentrated, unifying and divisive, attractive and repulsive, interesting and controversial, useful and useless, good and bad, and neither good nor bad.

    This is to say, guns are not inherently anything. They take on different meanings according to the various purposes to which people put them.

    A realistic view requires maintaining a clear-eyed understanding of the lethal capabilities of firearms. But the tendency to focus exclusively on firearms-related harms, while understandable, becomes a problem, in my view, when it fails to acknowledge the normality of guns and the diversity of gun owners.

    David Yamane has received funding from The Louisville Institute for the Study of American Religion to study church security. He is a member of the Liberal Gun Club, National African American Gun Association, and National Rifle Association, and financially supports the Liberal Gun Owners 501c4 and Walk the Walk America 501c3 organizations.

    ref. Guns in America: A liberal gun-owning sociologist offers 5 observations to understand America’s culture of firearms – https://theconversation.com/guns-in-america-a-liberal-gun-owning-sociologist-offers-5-observations-to-understand-americas-culture-of-firearms-251084

    MIL OSI – Global Reports

  • MIL-OSI Global: Deporting international students risks making the US a less attractive destination, putting its economic engine at risk

    Source: The Conversation – USA – By David L. Di Maria, Vice Provost for Global Engagement, University of Maryland, Baltimore County

    Boston University students march to demand the school declare itself a sanctuary campus to protect their peers from the federal government regardless of their immigration status, on April 3, 2025. Jessica Rinaldi/The Boston Globe via Getty Images

    In early April 2025, the Trump administration terminated the immigration statuses of thousands of international students listed in a government database, meaning they no longer had legal permission to be in the country. Some students self-deported instead of facing deportation.

    The U.S. Department of Homeland Security recently announced that it would reverse the terminations after courts across the country determined they did not have merit.

    These moves come as the White House seeks to enhance vetting and screening of all foreign nationals.

    The State Department in March announced plans to use artificial intelligence to review international students’ social media accounts.

    As an administrator and scholar who specializes in international higher education, I know that international students in the United States have long been subjected to a high level of vetting, screening and monitoring.

    Inserting additional bureaucracy into current processes could make the U.S. a less attractive study destination. I believe this would ultimately hamper the Trump administration’s ability to achieve its “America First” priorities related to the economy, science and technology, and national security.

    International students in the US

    The U.S. has long been the global leader in attracting international students. But competition for these students is increasing as other countries, such as Germany and South Korea, enact strategies for attracting international education.

    The U.S. hosts 16% of all students studying outside of their home country, down from 22% in 2014 and 28% in 2001, according to the Institute of International Education. Of the more than 1 million international students who were present in the U.S. during the 2023-2024 academic year, 54% came from just two countries, China and India.

    Most international students pursue graduate degrees in STEM fields – science, technology, engineering and mathematics. And, according to the National Science Foundation, international students make up a significant portion of enrollment at the master’s and doctoral levels.

    How international students are screened

    International students in the U.S. are already subjected to intense screening and continuous monitoring. These measures include:

    • Vetting the student’s school. Before they can apply for a visa, international students must be admitted to a school authorized by the Department of Homeland Security to enroll people on student visas.

    • Vetting at the embassy. As part of the visa application process, international students are subjected to national security reviews carried out by various intelligence and law enforcement agencies. In some cases, such as when a U.S. consular officer in their home country decides that more information is required from external sources to determine visa eligibility, additional screenings occur. That is done through a process known as administrative processing.

    • Vetting upon arrival. When they arrive in the U.S., international students are again screened by a U.S. Customs and Border Protection officer. If the officer is unable to verify any information, the student is sent to secondary inspection, a secure interview area where the student waits while officers complete additional assessment. The student is then either admitted to the U.S. or forced to depart the country.

    • Ongoing monitoring while in the U.S. If permitted to enter the country, students must enroll full time, earn good grades and notify their school within 10 days of substantive changes to their circumstances.

    Examples include a change to their address, academic major or financial sponsor. And school officials are required to report this information to the Student and Exchange Visitor Program, part of U.S. Immigration and Customs Enforcement’s National Security Investigations Division.

    Students participating in temporary, postgraduation training programs must continue to comply with reporting requirements. And certain STEM graduates, and their employers, are subject to additional requirements. They include certification of training plans, annual evaluations and site visits.

    Most international students prefer to study in the U.S., recent research shows. But they are willing to change their preferences as other countries introduce friendlier visa policies, such as more flexible post-study work opportunities and lower visa costs.

    Given the current level of screening and monitoring already imposed on international students in the U.S., it is unclear how additional measures would add value.

    Boston University police officers speak to each other as students protest outside a dean’s office demanding the school declare itself a sanctuary campus, on April 3, 2025.
    Jessica Rinaldi/The Boston Globe via Getty Images

    Critical to an America First agenda

    President Donald Trump’s “America First” agenda aims to grow the U.S. economy.

    It also intends to maintain U.S. leadership in science and technology and enhance national security.

    Trump administration officials have underlined the importance of recruiting top global talent. And Trump has said that international students who graduate from U.S. colleges should be awarded a green card with their degree.

    During the 2023-2024 academic year, international students contributed US$43.8 billion to the U.S. economy through tuition and living expenses, which supported an estimated 378,175 U.S. jobs.

    Their contributions don’t end following graduation, according to the National Bureau of Economic Research. Many go on to launch successful startups at a rate that is eight to nine times higher than their domestic peers. In fact, 25% of billion-dollar companies in the U.S. were founded by a former international student.

    Such companies include Eventbrite, Grammarly, Moderna, OpenAI, Robinhood and SpaceX.

    International students also help the U.S. maintain global leadership in STEM.

    Consider that 45% of STEM workers in the U.S. holding a doctoral degree were born outside the U.S.

    A 2024 report cautions that the U.S. is failing to develop domestic STEM talent at all levels of the education system. Just 3.2% of U.S. high school graduates are estimated to enter the STEM workforce.

    Moreover, the country’s ability to attract and retain international STEM talent is decreasing due to immigration restrictions and increased global competition.

    Finally, international students are critical to establishing global networks and promoting soft power diplomacy. This is evidenced by the U.S. having graduated more world leaders than any other nation.

    Further restricting the ability of international students to study in the U.S. will ultimately redirect talent to other countries, allies and adversaries alike.

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

    ref. Deporting international students risks making the US a less attractive destination, putting its economic engine at risk – https://theconversation.com/deporting-international-students-risks-making-the-us-a-less-attractive-destination-putting-its-economic-engine-at-risk-249245

    MIL OSI – Global Reports

  • MIL-OSI: Buxton Helmsley Announces Corporate Transformation, Director and Officer Appointments

    Source: GlobeNewswire (MIL-OSI)

    Announces Recent Corporate Transformation and Further Plans Involving Reimagined Enterprise

    Announces Commencement of USD$50mm Private Placement of Common Stock Ownership in Buxton Helmsley Parent Company, Having Received Immediate Subscriptions, and Exploring Possible Direct Listing on New York Stock Exchange

    Substantial Majority of Offering Proceeds to Be Temporarily Allocated Toward Launch of Inaugural Fund, with Parent Company Investors Obtaining Fee-Free Indirect Fund Exposure and Unique Economic Benefits Not Experienced by Unaffiliated Limited Partners

    Alexander E. Parker, Ranked Among the Top 15% of Global Activist Investors by Engagement Volume According to Bloomberg’s “Activism League Tables,” Appointed as Chairman of the Board and Chief Executive Officer

    Appoints Independent Financial Industry Veterans Charles Garcia, Rumbi Petrozzello, and Beth Haddock to Board of Directors

    Appoints Tenured Financial and Venture Capital Professional Johnathan Flickinger as Executive Vice President and Chief Financial Officer

    Appoints Former BNP Paribas and UBS Equity Research Head Weiyee In [ 維一as Head of Capital Markets Research

    Plans to Form The Buxton Helmsley Foundation, to Begin Operations in Q4 2025

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Buxton Helmsley, Inc. (together with certain of its affiliates, “BH”, “we”, or the “Company”), a New York City-based alternative asset manager, today announced a series of actions taken between February and April 2025. These initiatives follow the continued success of its flagship low-correlation defensive activism strategy, which has consistently captured opportunities across market cycles. BH has also unveiled plans involving a USD$50 million private placement of common stock in parent company Buxton Helmsley, Inc. (offering unique benefits to investors distinct from underlying BH fund offerings):

    • Commencement of USD$50 Million Private Placement of Common Stock in Parent Company, Buxton Helmsley, Inc. – BH has commenced a Rule 506(c) private placement of USD $50 million of common stock (the “New Private Offering”). Immediately prior to commencement (under Rule 506(b)), BH secured initial subscriptions. A substantial majority of the proceeds from the New Private Offering will be allocated to sponsoring BH’s inaugural investment fund, carrying forward an expanded version of the defensive activism strategy developed by Alexander E. Parker. This initiative further solidifies the Buxton Helmsley name among the top 15% of global activist investors by engagement volume, as ranked within Bloomberg’s “Activism League Tables.” BH has also begun exploring a potential direct listing of its common stock on the New York Stock Exchange.

      BH is preparing to launch its largest investor advocacy initiative to date, targeting a global corporation with a market capitalization of over $5 billion. Evidence of extensive insider trading among senior executives and “hush money” payments to whistleblowers is anticipated to drive an immediate, majority board refresh, allowing for BH to thereafter unlock significant operational and financial improvements. Given the anticipated media coverage and heightened investor interest once the initiative becomes public, pricing for future BH common stock sales will likely be adjusted upward following the public disclosure of this latest and largest campaign. Prospective investors wishing to participate under the current terms of the New Private Offering are encouraged to inquire about investing before the public announcement.

      Interested investors should inquire via e-mail at ir@buxtonhelmsley.com.

    • Commencement of Investor Discussions and Acceptance of New Private Offering Subscriptions – BH has initiated discussions with investment banks, high-net-worth individuals, family offices, and institutional investors, and has begun accepting New Private Offering subscriptions. All investors must be accredited, and reasonable steps will be taken to verify accreditation in accordance with U.S. securities laws. The New Private Offering is not being conducted in any jurisdiction where such an offering would be unlawful under that jurisdiction’s securities laws, and eligibility screening will apply to all investors, regardless of domicile.
    • Appoints Financial Industry Veterans Charles Garcia, Rumbi Petrozzello, and Beth Haddock to Board of Directors:
      • Charles Garcia – Mr. Garcia serves as the Chair of the Nominating and Governance Committee and a Member of Audit Committee at BH, where he contributes his expertise in executive leadership, corporate governance, and financial oversight. With significant experience across capital markets and financial services, he brings valuable perspective to the Company’s leadership structure. Before joining BH, Mr. Garcia founded Climb Leadership International, a company dedicated to fostering leadership excellence at Fortune 500 companies, financial institutions, and financial technology firms. His distinguished career includes serving as a Managing Director at Citadel and Director of Business Development at BlackRock. Mr. Garcia began his professional journey at Bloomberg LP, where he spearheaded the company’s strategic expansion across Latin America. Beyond his corporate achievements, Mr. Garcia has made significant academic contributions as an adjunct professor at Columbia University, and as a professor and Assistant Dean at Long Island University Post’s School of Business. His combined experience in financial markets, leadership development, and academia provides BH with comprehensive governance expertise.
      • Rumbi B. Petrozzello, CPA CFF CFE – Ms. Petrozzello serves as the Chair of the Audit Committee and a Member of the Nominating and Governance Committee at BH, where she contributes her extensive expertise in accounting, forensic investigation, and compliance oversight. As a Certified Public Accountant (CPA), Certified in Financial Forensics (CFF), and a Certified Fraud Examiner (CFE), she brings critical financial governance skills to the firm’s leadership team. Before joining BH, Ms. Petrozzello established herself as a principal at Rock Consulting, where she provides specialized consulting services focused on internal control adequacy and litigation support for accounting and financial matters. At Seramount, a professional services and research firm, she serves as Head of Strategy, Consulting, driving initiatives to advance high-performing, inclusive workplaces. Her leadership experience includes serving as past President of the New York State Society of CPAs, in addition to actively serving as a member of the Board of Directors of the American Institute of Certified Public Accountants (AICPA). Ms. Petrozzello’s combination of forensic accounting expertise, strategic consulting experience, and professional leadership provides BH with exceptional financial oversight capabilities.
      • Beth Haddock, Esq. – Ms. Haddock serves on the Audit Committee and the Nominating and Governance Committee at Buxton Helmsley, bringing over 25 years of strategic leadership in financial services, fintech, and corporate governance. She has held leadership roles across diverse environments, from large public multinationals to privately held startups, with revenues ranging from under $100 million to over $10 billion. Her background includes leadership roles at AXA S.A., Brown Brothers Harriman, Guggenheim Investments, and AdvisorEngine (acquired by Franklin Templeton), driving growth through strategic corporate development, risk management, and operational execution. Beth’s expertise spans finance, regulation, and market development, with notable initiatives including the launch of new European Union service centers, successful government grant applications, compliance program redesigns, and global fund expansion. With over seven years of experience in emerging technologies, she is well-versed in regulatory strategy, compliance, and litigation. Beth has led high-impact legal and compliance departments, holds a patent for measuring return on investment with relation to compliance initiatives, and is the author of Triple Bottom-Line Compliance, where she advocates for pragmatic, sustainable governance frameworks that deliver protection, productivity, and long-term value.
    • Appoints Alexander E. Parker as Chairman of the Board and Chief Executive Officer – Mr. Parker’s defensive and transformative investor engagement campaigns have resulted in the Buxton Helmsley name, over the course of approximately a decade, being ranked among the top 15% of global activist investors (according to Bloomberg, based on investor engagement volume). With a proven track record of impact-oriented investing to resolve market integrity issues and to catalyze positive corporate transformations, Mr. Parker has successfully led the firm’s investor advocacy initiatives by combining straightforward business acumen with a deep knowledge of securities, accounting, and legal obligations at publicly traded companies. Before establishing his leadership at BH, Mr. Parker built a reputation as an effective whistleblower, with securities regulators subsequently charging violations at entities he identified. His investor engagement campaigns have gained recognition in prestigious publications, including The Harvard Law School Forum on Corporate Governance. Mr. Parker studied finance and economics at Mercy University of New York City, where he participated in the school’s honors business program. Based in Manhattan, he maintains an influential network that advances Buxton Helmsley’s investor objectives. Mr. Parker has been featured in leading financial publications including The Wall Street Journal, Bloomberg, MarketWatch, The Irish Times, and TheStreet.com. As a licensed investment professional through the Financial Industry Regulatory Authority (FINRA) and a FINRA-appointed arbitrator, he brings additional credibility and regulatory insight to his leadership role.
    • Appoints Johnathan J. Flickinger as Executive Vice President and Chief Financial Officer – Mr. Flickinger has been appointed to serve as Executive Vice President and Chief Financial Officer at BH, bringing nearly a decade of experience in financial management and private equity operations. His career spans public multinational organizations and high-growth startups, where he has led initiatives to scale internal operations and strengthen financial reporting. Prior to joining BH, Mr. Flickinger held roles at AngelList, Unilever, and The Livekindly Collective. He has overseen compliance operations for emerging venture firms, global financial planning and analysis initiatives, and has included implementation of post-acquisition financial reporting controls across international organizations. Before joining BH, Johnathan founded a venture-backed fintech company delivering an AI-native solution for registered investment advisors. Recognized for his ability to build scalable financial infrastructure, Mr. Flickinger brings to the firm a distinctive blend of corporate finance acumen, entrepreneurial perspective, and strategic leadership.
    • Appoints Weiyee In [ 維一] as Head of Capital Markets Research – Mr. In serves as the Head of Capital Markets Research and Chair of the Expert Advisory Board at BH, where he leverages his extensive background as a publishing Wall Street analyst and senior executive at global financial institutions. With expertise spanning technology, media, and telecommunications (TMT) equities, Mr. In has played a pivotal role in shaping investment strategies across multinational banks, including UBS and BNP Paribas. Mr. In has also engaged in digital asset custody and institutional trading at several chartered financial institutions. Over his career, he has held leadership roles in equity research, sustainability strategy (ESG), and regulatory advisory, developing AI-driven solutions for financial compliance frameworks such as MiFID II, GDPR, and AML/KYC regulations. A native of New York City, Mr. In has spent much of his career as an expatriate, working in London, Paris, Hong Kong, Taiwan, and across Southeast Asia. As an active angel investor and advisor, he has contributed to fintech, AI, data analytics, and industrial automation startups across Asia and Europe. His work in digital ledger technology (DLT) integration, trade analytics, and financial custody solutions has driven innovation in institutional investment and regulatory compliance.
    • Revocation of Historical “Buxton Helmsley” Trademark Licensees – On February 24, 2025, BH acquired the “Buxton Helmsley” trademark and related intellectual property (the “BH IP”) from BH founder Alexander E. Parker. Immediately prior to BH’s acquisition of the BH IP, Mr. Parker formally revoked the authorization to use the BH IP from two unaffiliated entities (Buxton Helmsley Holdings, Inc. and The Buxton Helmsley Group, Inc.), both of which have no shared economic interest or affiliation with BH. BH expressly disclaims any and all activities of these entities for which it is entirely unaffiliated. Immediately after BH’s acquisition of the BH IP, BH filed for formal registration of the BH IP with the USPTO.
    • Formation of Buxton Helmsley USA, Inc. – Following the formation and acquisition of the BH IP, BH formed Buxton Helmsley USA, Inc., a newly-registered exempt reporting advisor, having filed the necessary documents with the State of New York.
    • Plans to Form The Buxton Helmsley Foundation in Q4 2025 – As part of its continuing commitment to driving positive public impact, BH plans to establish The Buxton Helmsley Foundation (the “BHF”) in Q4 2025. Concurrent with the formation of BHF, BH will appoint a board of trustees to manage the charitable affairs of BHF. BHF will focus on strategic philanthropy, including medical research and innovation, development of education and economic opportunity, and whistleblower protection. BHF will manage its endowment, comprised of contributions from BH and external donors, to drive a long-term and sustainable impact.

      Mr. Parker intends to donate to BHF his direct personal economic interest in a pending lawsuit filed against defendants Assertio Holdings, Inc. and its Chief Executive Officer, Brendan P. O’Grady. The suit alleges defamation per se (the “Assertio Defamation Claim”) arising from the defendants’ response to a scheme of clinical data fraud alleged by multiple former executives-turned-whistleblowers of an Assertio subsidiary (specifically, Spectrum Pharmaceuticals, Inc., the maker of cancer drug Rolvedon, previously clinically tested as Rolontis). Mr. Parker will request that the BHF board of trustees earmark such funds for allocation to cancer-focused causes.

      To view the official court filing for Mr. Parker’s Assertio Defamation Claim: https://www.buxtonhelmsley.com/asrt/

      The official court transcript from the most recent hearing in which Mr. Parker is a party to (though, BH and its affiliates are not a party to): https://www.buxtonhelmsley.com/asrt/

    “This transformation marks a defining moment in Buxton Helmsley’s trajectory,” said Alexander E. Parker, Chairman and Chief Executive Officer. “What was once a broader, multi-pronged enterprise has now been reimagined as a focused, high-conviction enterprise dedicated solely to alternative asset management. With this sharpened mission and a newly fortified leadership team of industry-leading professionals, Buxton Helmsley is positioned to deliver institutional-grade strategy, integrity-driven investing, and scalable impact. The launch of our $50 million private offering, alongside the formation of The Buxton Helmsley Foundation, underscores our commitment to shaping capital markets and societal outcomes alike, with both precision and purpose, to leave a long-term legacy.”

    Accredited investors interested in the USD$50 million New Private Offering may obtain more details at: https://www.buxtonhelmsley.com/news-and-insights/announcements/our-next-chapter

    About Buxton Helmsley

    Buxton Helmsley, Inc. is a New York City-based alternative asset management firm, managing both active and passive investment strategies across a range of asset classes, with a general focus on opportunities in North America and Europe. The firm’s investment approach is based on deep fundamental analysis and risk management, with a focus on ensuring disclosure obligations are being upheld under applicable accounting standards and securities laws.

    Disclosures Related to Private Offering

    The information provided within this press release by Buxton Helmsley, Inc. (“BH”) and its affiliates is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or investment products. This information does not constitute investment, legal, tax, or other advice. BH makes no representation or warranty as to the accuracy, completeness, or reliability of the information contained herein.

    BH is an alternative asset manager and has not been and will not be registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and, as such, investors will not be entitled to the benefits of the Investment Company Act. Investments in BH may involve a high degree of risk and may employ speculative investment practices. Past performance is not indicative of future results. The value of investments may fluctuate, and investors may lose the entire amount invested. Investment in any of the investment funds or securities offered by BH is available only to eligible investors pursuant to the relevant offering documents, which should be read in their entirety.

    BH and its affiliates, officers, directors, employees, and agents shall have no liability for any loss or damage arising from reliance on the information contained herein. Access to this website may be restricted under the securities laws in certain jurisdictions. Readers should verify that they are permitted to access this information under applicable law, given that this information may be republished. BH disclaims any and all liability for any unlawful access to this information.

    Cautionary Statement Regarding Forward-Looking Statements

    The information herein contains “forward-looking statements.” Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “explores,” “estimates,” “projects,” “potential,” “targets,” “forecasts,” “seeks,” “could,” “should” and/or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans, or goals are forward-looking and are subject to various risks, uncertainties, and assumptions. There is no assurance that any idea or assumption herein is, or will be proven, correct, or that any of the objectives, plans or goals stated herein will ultimately be undertaken or achieved. If one or more of such risks or uncertainties materialize, or if any of BH’s underlying assumptions prove to be incorrect, any actual results may vary materially from any outcomes indicated or suggested by these statements. Accordingly, any and all forward-looking statements should not be regarded nor interpreted as a representation by BH that any and/or all future plans, estimates, or expectations contemplated will ever be achieved.

    The MIL Network

  • MIL-OSI: On Mother’s Day, Celebrate Mom with $0-Fee BOSS Money Transfers

    Source: GlobeNewswire (MIL-OSI)

    Newark, NJ, May 01, 2025 (GLOBE NEWSWIRE) — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced promotional $0-fee international money transfers for new and existing customers on Mother’s Day.

    “BOSS Money has removed money transfer fees for Mother’s Day to make celebrating Moms everywhere easy and economical,” said Michelle Rendo, VP Marketing for BOSS Money. “Mother’s Day is a celebration of connection, love, and appreciation that transcends borders. A transfer on Mother’s Day is a wonderful way to say, ‘Thank you, Mom!’” 

    New BOSS Money customers can take advantage of $0-fee money transfers on Mother’s Day and every day of the year when using the BOSS Money app with:

    • $0-fee on the first two (2) transfers to all BOSS Money destination countries;
    • $0-fee on the first five (5) transfers to Mexico;
    • $0-fee for unlimited transfers to Cameroon, Ghana, Nigeria, Kenya, Uganda, Senegal, and Venezuela.

    Mother’s Day is on Sunday, May 11th in the USA, but on different days in some other nations. To reflect this variation, BOSS Money is offering current BOSS Money customers two (2) $0-fee money transfers to destinations around the world when using the BOSS Money app on the following schedule*:

    • May 5 to May 11th — to all BOSS Money country-destinations with promo code “MOM”;
    • May 21 to May 25th — to the Dominican Republic, Bolivia, Haiti, Burkina Faso, Ivory Coast, and Madagascar with promo code “MOMMY”;
    • May 26 to May 30th — to Nicaragua with promo code “MAMA”.

    To begin a BOSS Money $0-fee transfer and to see details of BOSS Money’s Mother’s Day promotions, use the free BOSS Money app available from the iOS App and Google Play Stores. 

    To learn more about our low fees, competitive exchange rates and exclusive promotions visit bossmoney.com.

    ABOUT BOSS MONEY

    BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    *Exclusions may apply

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    CONTACT

    IDT Corporation Investor Relations
    Bill Ulrey
    william.ulrey@idt.net

    # # #

    The MIL Network

  • MIL-OSI: Primech Holdings Announces Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 01, 2025 (GLOBE NEWSWIRE) — Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced that its Board of Directors has approved a Rule 10b-18 share repurchase program with authorization to purchase up to 20% of the Company’s outstanding Ordinary Shares. The program is subject to shareholder approval at the upcoming Extraordinary General Meeting (EGM).

    This program will be effective from the date when the shareholders’ approval is obtained, up to the next Annual General Meeting (AGM) is held or required by law to be held (whichever is earlier), unless earlier revoked, varied, or fully utilized.

    “As we continue to drive innovation in facility services through AI, robotics, and sustainable solutions, we remain committed to prudent capital allocation focused on long-term growth opportunities,” said Mr. Kin Wai Ho, Chief Executive Officer of Primech Holdings. “This share repurchase program reflects the Board’s and Management’s confidence in our business strategy and the future growth potential of Primech, as well as our commitment to enhancing shareholder value.”

    The Company may repurchase Ordinary Shares from time to time through on-market purchases in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend on business, economic, market conditions, corporate, legal and regulatory requirements, prevailing stock prices, trading volume, and other considerations. The share repurchase program may be suspended or discontinued at any time and does not obligate the Company to acquire any amount of stock. The Company expects to utilize its existing cash and cash equivalents to fund any repurchases under the share repurchase program.

    About Primech Holdings Limited

    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:

    Email: ir@primech.com.sg

    Investor Relations Contact: 
           
    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network

  • MIL-OSI: Mercurity Fintech’s Chaince Securities Appointed as Strategic Advisor for Classover’s Solana-Focused Treasury Strategy

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, May 01, 2025 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced that Classover Holdings Inc. (Nasdaq: KIDZ, KIDZW) has appointed its wholly owned subsidiary, Chaince Securities, LLC (“Chaince Securities”), as strategic digital asset advisor to guide Classover’s new Solana-based (SOL) treasury initiative.

    Classover, a leader in live, interactive online learning, plans to allocate a significant portion of the proceeds toward acquiring, staking, and holding Solana (SOL) tokens as a core corporate reserve asset. The Company also intends to operate SOL validator nodes, reinforcing its commitment to decentralized infrastructure and blockchain integration.

    As Classover’s strategic advisor, Chaince Securities will provide comprehensive digital asset services, including:

    • Structuring and deploying the Company’s SOL-based treasury framework
    • Supporting validator node operations to optimize staking rewards
    • Advising on risk management and best practices for digital asset portfolio governance
    • Evaluating strategic blockchain partnerships and long-term growth opportunities

    Wilfred Daye, Chief Strategy Officer of MFH and CEO of Chaince Securities, LLC, commented, “Classover’s adoption of Solana as a treasury reserve asset sets a new standard for corporate blockchain strategy. We are proud to partner with Classover on this landmark initiative and help position them at the forefront of institutional blockchain adoption. For Chaince, this partnership proves what we’ve been saying all along – traditional companies are ready for crypto treasury strategies when done right. And frankly, this could not come at a better time for MFH as we expand our institutional services. Each corporate client like Classover helps us refine our playbook and strengthens our reputation as the go-to team for companies making their first serious move into digital assets.”

    Stephanie Luo, Chief Executive Officer of Classover, added“At Classover, innovation is at the core of everything we do — whether in education or corporate finance. By anchoring our treasury in Solana, we embrace technology that enhances our agility and future-proofs our balance sheet. We believe this strategy strengthens our financial foundation and positions Classover as a pioneer in blockchain integration among publicly traded companies, creating meaningful long-term value for our shareholders.”

    About Mercurity Fintech Holding Inc.

    Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries specializing in distributed computing and digital consultation across North America and the Asia-Pacific region. Our focus is on delivering innovative financial solutions while adhering to principles of compliance, professionalism, and operational efficiency. Our aim is to contribute to the evolution of digital finance by providing secure and innovative financial services to individuals and businesses. And our dedication to compliance, professionalism, and operational excellence ensures that we remain a trusted partner in the rapidly transforming financial landscape.

    For more information, please visit the Company’s website at https://mercurityfintech.com/.

    About Chaince Securities, LLC

    Chaince Securities, LLC (CRD #10590) is a FINRA-registered broker-dealer founded in 1982 and based in New York City. We specialize in equity capital markets, investment banking, asset management, and innovative financial solutions. With decades of institutional experience, Chaince is dedicated to building long-term relationships and delivering tailored strategies to meet the unique goals of each client. We combine traditional expertise with a forward-looking approach to support growth across dynamic sectors including digital assets and AI-driven markets.

    About Classover

    Founded in 2020 and headquartered in New York, Classover has rapidly emerged as a leader in educational technology, specializing in live online courses for K-12 students worldwide. Offering a diverse curriculum tailored to different learning levels and interests, Classover empowers students through personalized instruction, innovative course design, and cutting-edge AI technology. From creativity-driven programs to competitive test preparation, Classover is dedicated to redefining education through accessible, high-quality learning experiences.

    Forward-Looking Statements

    This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    Contacts:

    International Elite Capital Inc.
    Vicky Chueng
    Tel: +1(646) 866-7928
    Email: mfhfintech@iecapitalusa.com 

    Chaince Securities, LLC
    Email: Info@chaincesecurities.com 

    Classover Holdings Inc.
    Email: ir@classover.com
    Tel: 800-345-9588 

    The MIL Network

  • MIL-OSI: Equiniti (EQ) Completes Acquisition of Notified, Creating a Global Leader in End-to-End Shareholder and Corporate Communications 

    Source: GlobeNewswire (MIL-OSI)

    Combining EQ’s shareholder services and robust Investor Relations (IR) capabilities with Notified’s public relations (PR) and IR solutions to help companies grow, engage stakeholders and communicate with confidence at every stage. 

     Transaction Highlights 

    • Establishes Comprehensive Solution: Combines EQ’s shareholder services leadership and robust IR capabilities with Notified’s PR and IR expertise to deliver a comprehensive solution for companies at every stage of growth. 
    • Supports the Full Corporate Lifecycle: Equips public and private companies with tools for shareholder engagement, disclosure and media outreach from pre-IPO through maturity. 
    • Extends Global Reach and Client Base: Serves 12,000 clients in 90 countries including more than half of the FTSE 100, one third of the S&P 500 and half of the Nasdaq.  
    • Accelerates Innovation and Growth: Leverages combined expertise and proven platforms to meet evolving client needs and rising regulatory demands. 

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Equiniti (EQ)1, a global leader in shareholder services, today announced it has completed its acquisition of Notified, the award-winning provider of public relations (PR) and investor relations (IR) solutions from West Technology Group, LLC. The transaction, originally announced on March 17, 2025, brings together two trusted brands to deliver an unmatched end-to-end suite of PR, IR and share registry services and technology. 

    Together, EQ and Notified deliver an unmatched suite of services and technology that support organizations through every stage of the corporate lifecycle— from growing small to medium sized businesses (SMBs) and pre-IPO companies to large public enterprises navigating today’s dynamic markets around the world. The combined business supports 12,000 clients across 90 countries. With Notified’s broad geographic footprint, the combination also enables EQ to expand its global reach and better serve clients in key international markets. 

    “In today’s dynamic market environment, effective shareholder communication is more important than ever,” said Dan Kramer, CEO of EQ Shareholder Services. “By integrating Notified’s award-winning PR and IR capabilities into our service mix, we are empowering clients with a truly comprehensive solution that drives enhanced shareholder engagement and delivers measurable results. This acquisition immediately provides our clients with powerful new tools to strengthen stakeholder relationships and drive business value.”

    Comments from Dan Kramer (CEO, EQ Shareholder Services) and Nimesh Dave (President, Notified)

    The transaction combines EQ’s deep expertise in providing transfer agency, ownership intelligence, proxy management and advisory, employee plans, private company solutions, retirement and remediation services with Notified’s widely adopted PR and IR solutions. Each organization serves IR professionals in different but complementary ways. In addition to its shareholder services leadership, EQ brings a robust set of global IR capabilities—including share register analysis, investor targeting, and perception studies—helping companies understand market sentiment and execute unconflicted, data-driven strategies to engage current and prospective investors.  

    By joining forces, EQ and Notified are significantly strengthening the end-to-end support available to IR teams—combining EQ’s governance and ownership intelligence capabilities with Notified’s robust tools for media engagement, real-time analytics, earnings events, IR websites, regulatory filings and GlobeNewswire distribution. This investment will accelerate innovation across the combined offering, as demonstrated by recent advancements like CLEAR’s identity verification technology, expanded premium services and AI-powered tools designed to deliver secure, efficient and modern communications. 

    “Notified has always prioritized innovation that serves the evolving needs of communications professionals,” said Nimesh Davé, President of Notified. “Joining EQ empowers us with greater resources to accelerate our technology roadmap while expanding our reach. Our combined platform now addresses the full spectrum of corporate communications needs, creating a powerful solution for our combined client base. We’re energized by the opportunity to build on our success and deliver even more exceptional value to communicators worldwide.” 

    This acquisition builds on the successful integration of EQ and AST, alongside investment in technology and an additional recent acquisition, demonstrating commitment from owners, Siris Capital, to future growth. These moves further solidify EQ’s position as a global leader in shareholder services, financial communications and compliance solutions.  

    About Equiniti (EQ) 

    EQ helps companies better understand and manage the ownership of their business through every stage of the corporate lifecycle. As trusted advisors, we provide strategic insight and operational expertise across our core services—Transfer Agent Services, Employee Plan Solutions, Ownership Intelligence, Proxy Management and Advisory and Private Company Solutions. Globally, EQ supports 2,200 global issuer clients and 20 million shareholders with operations in the UK, U.S., and India. Learn more at equiniti.com/global

    About Notified 

    We are Notified, and your story goes here. As the only technology partner dedicated to both investor relations and public relations professionals, we help you control and amplify your corporate narrative. Our fully integrated PR and IR platforms streamline every step—whether it’s reaching the right media, press release distribution, and measurement or designing new IR websites, managing investor days, earnings releases, and regulatory filings. Connecting both worlds, GlobeNewswire is one of the world’s largest and most trusted newswire distribution networks, serving leading organizations for over 30 years. Together, we empower communicators to inform a better world.  Learn more at notified.com

    Media Contact 

    Teneo 
    Martin Robinson 
    Tel: +44 20 7353 4200 
    Email: Equiniti@teneo.com 

    1. Armor Holding II, LLC and Orbit Private Holdings I Limited (together, EQ)

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ee4a32ea-2e00-4975-ae41-5d73d43824eb

    The MIL Network

  • MIL-OSI: Aemetis Biogas Completes $1.6 million of LCFS and D3 RIN Sales in April

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a diversified global renewable natural gas and biofuels company, announced today that the Aemetis Biogas subsidiary of the company completed $1.6 million of sales of California Low Carbon Fuel Standard (LCFS) credits and federal Renewable Fuel Standard D3 Renewable Identification Numbers (D3 RINs) during April 2025.

    The LCFS credits were generated for Q4 2024 at the default rate of -150 carbon intensity. A pending application to the California Air Resources Board (CARB) for seven digesters is in the final approval process, with approval expected this quarter in time for the next quarterly LCFS credit sale. The seven pending dairy digesters are expected to average lower than -350 carbon intensity, a significant increase of more than 120% of the number of LCFS credits that will be received by Aemetis Biogas after the completion of sale transactions compared to the -150 default pathway.

    “Aemetis Biogas production and revenues from dairy RNG continues to grow, with more biogas production from four more dairies planned to come online this quarter,” stated Eric McAfee, Chairman and CEO of Aemetis. “The expected adoption of 20 years of low carbon biofuel mandates in the next few months by CARB after completion of the OAL process is expected to increase the value of the LCFS credits rapidly, compounded by our expected approval of pathways for seven dairies that will increase the number of credits generated by those digesters by an estimated 120%.”

    Aemetis Biogas has signed agreements with 50 diaries and has 11 digesters operating to process waste from 12 dairies. An additional four dairies that supply one large biogas digester are planned to be operational in Q2 2025. The company has installed 36 miles of biogas pipeline, with environmental approval for 60 miles of biogas pipeline to be installed as dairy digesters are completed.

    Dairy RNG generates revenues from sale of the fuel, California LCFS credits, federal D3 RINs and federal Section 45Z production tax credits, in addition to federal Section 48 investment tax credits. In the past 18 months, Aemetis has received $70 million from the sale of $83 million of Section 48 investment tax credits to two corporate purchasers. Additional Section 48 investment tax credit sales are expected to be completed in the next few months as additional dairy digesters are completed.

    Starting in January 2025, Aemetis Biogas generated 45Z production tax credits from dairy RNG production. The sale of 45Z tax credits is in process, with the first sales expected to be completed in summer 2025.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and biofuels company focused on the operation, acquisition, development, and commercialization of innovative technologies that support energy independence and security. Founded in 2006, Aemetis operates and is expanding a California biogas digester network and pipeline system to convert dairy waste into renewable natural gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that also supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year biofuels facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel biorefinery and a carbon sequestration project in California. For additional information about Aemetis, please visit www.aemetis.com.

    Safe Harbor Statement

    This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results; statements related to the development, engineering, financing, construction, timing, and operation of biodiesel, biogas, sustainable aviation fuel, CO2 sequestration, and other facilities; our ability to promote, develop, finance, and construct such facilities; and statements about future market demand and market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to many risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to government policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

    Company Investor Relations
    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations
    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network

  • MIL-OSI: Bitdeer Announces First Quarter 2025 Earnings Conference Call for May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 01, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced that it has scheduled its first quarter 2025 earnings conference call and webcast for Thursday, May 15, 2025 at 8:00 AM EST. During the call, Bitdeer management will discuss the unaudited financial and operational results for the quarter ended March 31, 2025, followed by a question-and-answer session.

    Bitdeer will release the first quarter results before the call at approximately 7:00 AM EST on May 15, 2025. A copy of the earnings release will be available on the Company’s Investor Relations website at https://ir.bitdeer.com.

    Conference Call Information:

    • Date: May 15, 2025
    • Time: 8:00 AM EST / 8:00 PM SGT
    • Participant Call Links:
      • Live Webcast: Link
      • Participant Call Registration: Link

    Participants wishing to join the conference call by phone should register using the Participant Call Registration link provided above. After completing the registration, the participants will receive an email with the necessary details to access the call including dial-in number, passcode, and PIN. To ensure a timely start, the Company encourages all callers to connect about 5 minutes before the scheduled time.

    A live and archived webcast of the conference call will be available on the Investors section of Bitdeer’s website at https://ir.bitdeer.com.

    About Bitdeer Technologies Group

    Bitdeer is a world-leading technology company for Bitcoin mining. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

    For investor and media inquiries, please contact:

    Investor Relations
    Orange Group
    Yujia Zhai
    bitdeerIR@orangegroupadvisors.com

    Public Relations
    BlocksBridge Consulting
    Nishant Sharma
    bitdeer@blocksbridge.com

    The MIL Network

  • MIL-OSI China: Cargo volume from Qingdao to ASEAN countries up 6 pct y-o-y in Q1

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

    Cargo volume from Qingdao to ASEAN countries up 6 pct y-o-y in Q1

    Updated: May 1, 2025 19:31 Xinhua
    An aerial drone photo taken on April 30, 2025 shows cargo ships berthing at a container dock of Qingdao Port in Qingdao, east China’s Shandong Province. This year, Qingdao port has actively expanded its international shipping routes, especially for the Association of Southeast Asian Nations (ASEAN). The direct cargo shipping routes from Qingdao Port to the ASEAN countries has increased to 50, with the cargo volume from Qingdao to ASEAN countries up six percent year-on-year in the first quarter of this year. [Photo/Xinhua]
    This photo taken on April 30, 2025 shows trucks at a cargo dock of Qingdao Port in Qingdao, east China’s Shandong Province. [Photo/Xinhua]
    An aerial drone photo taken on April 30, 2025 shows a cargo ship berthing at a container dock of Qingdao Port in Qingdao, east China’s Shandong Province. [Photo/Xinhua]
    This photo taken on April 30, 2025 shows trucks at a container dock of Qingdao Port in Qingdao, east China’s Shandong Province. [Photo/Xinhua]
    Workers cast off the ropes for a ship bound for ASEAN countries at a container dock of Qingdao Port in Qingdao, east China’s Shandong Province, April 30, 2025. [Photo/Xinhua]
    Workers prepare to cast off the ropes for a ship bound for ASEAN countries at a container dock of Qingdao Port in Qingdao, east China’s Shandong Province, April 30, 2025. [Photo/Xinhua]
    This photo taken on April 30, 2025 shows trucks at a cargo dock of Qingdao Port in Qingdao, east China’s Shandong Province. [Photo/Xinhua]
    This photo taken on April 30, 2025 shows a container dock of Qingdao Port in Qingdao, east China’s Shandong Province. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI: Parker Reports Fiscal 2025 Third Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, May 01, 2025 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended March 31, 2025, that included the following highlights (compared with the prior year quarter):

    Fiscal 2025 Third Quarter Highlights:

    • Sales were $5.0 billion; organic sales growth was 1%
    • Net income was $961 million, an increase of 32%, or $904 million adjusted, an increase of 6%
    • EPS were $7.37, an increase of 33%, or $6.94 adjusted, an increase of 7%
    • Segment operating margin was 23.2%, an increase of 170 bps, or 26.3% adjusted, an increase of 160 bps
    • YTD cash flow from operations increased 8% to $2.3 billion, or 15.8% of sales
    • Repurchased $650 million of shares in the quarter

    “Our third quarter performance demonstrates the strength of our business and our global team’s ability to continue to deliver record results,” said Jenny Parmentier, Chairman and Chief Executive Officer. “All reported businesses showed substantial margin expansion and helped us surpass 26% adjusted segment operating margin for the first time. We also produced record earnings per share, generated record cash flow from operations, and repurchased $650 million of shares. We recently announced a 10% increase in our quarterly cash dividend and are committed to our strategy of actively deploying capital to drive shareholder value, including acquisitions and increased share repurchase activity, depending on market conditions.”

    “The resiliency of our portfolio coupled with the power of our business system, The Win Strategy™, has enabled us to consistently deliver strong results through business cycles. With our decentralized structure and the agility of our global teams, we are confident in our ability to manage through macroeconomic uncertainty, including tariffs. We are fully committed to achieving our fiscal year 2029 financial targets.”

    This news release contains non-GAAP financial measures. Reconciliations of adjusted numbers and certain non-GAAP financial measures are included in the financial tables of this press release.

    Outlook

    Guidance for the fiscal year ending June 30, 2025 has been updated. The company expects:

    • Sales growth in fiscal 2025 of approximately (1%), with organic sales growth of approximately 1%; divestitures of (1.5%) and unfavorable currency of (0.5%)
    • Total segment operating margin of approximately 22.7%, or approximately 25.9% on an adjusted basis
    • EPS of $25.92 to $26.12, or $26.60 to $26.80 on an adjusted basis, and includes the effect of announced tariffs fully offset by mitigation actions

    Segment Results

     
    Diversified Industrial Segment
     
    North America Businesses 
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 2,031     $ 2,231     -9.0 %   -3.5 %
    Segment Operating Income $ 467     $ 490     -4.8 %    
    Segment Operating Margin   23.0 %     22.0 %   100 bps    
    Adjusted Segment Operating Income $ 513     $ 538     -4.8 %    
    Adjusted Segment Operating Margin   25.2 %     24.1 %   110 bps    
                           
    • Achieved record adjusted segment operating margin
    • Softness in transportation, off-highway and energy markets
    • Orders positive for second consecutive quarter
           
    International Businesses
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 1,358     $ 1,434     -5.3 %   -2.8 %
    Segment Operating Income $ 312     $ 310     0.7 %    
    Segment Operating Margin   23.0 %     21.6 %   140 bps    
    Adjusted Segment Operating Income $ 340     $ 337     1.2 %    
    Adjusted Segment Operating Margin   25.1 %     23.5 %   160 bps    
                           
    • Achieved record adjusted segment operating margin
    • Organic growth: 2% APAC; (7%) EMEA; 8% LA
    • Orders accelerate on long-cycle strength
     
    Aerospace Systems Segment
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 1,572     $ 1,409     11.6 %   11.7 %
    Segment Operating Income $ 373     $ 289     28.9 %    
    Segment Operating Margin   23.7 %     20.5 %   320 bps    
    Adjusted Segment Operating Income $ 451     $ 376     19.8 %    
    Adjusted Segment Operating Margin   28.7 %     26.7 %   200 bps    
                           
    • Achieved record sales on continued aftermarket strength
    • Delivered record adjusted segment operating margin
    • Aerospace backlog increased to a record $7.3 billion
       
    Order Rates
       
      FY25 Q3
    Parker +9 %
    Diversified Industrial Segment – North America Businesses +3 %
    Diversified Industrial Segment – International Businesses +11 %
    Aerospace Systems Segment +14 %
         
    • Parker order rates increased to 9% reflecting our transformed portfolio and long-cycle strength
    • Aerospace orders increased to 14% driven by strength in both commercial and defense
    • Orders remained positive across all reported businesses

    About Parker Hannifin
    Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.

    Contacts:  
    Media: Financial Analysts:
    Aidan Gormley Jeff Miller
    216-896-3258 216-896-2708
    aidan.gormley@parker.com jeffrey.miller@parker.com
       
       

    Notice of Webcast
    Parker Hannifin’s conference call and slide presentation to discuss its fiscal 2025 third quarter results are available to all interested parties via live webcast today at 11:00 a.m. ET, at investors.parker.com. A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit investors.parker.com.

    Note on Orders The company reported orders for the quarter ending March 31, 2025, compared with the same quarter a year ago. All comparisons are at constant currency exchange rates, with the prior year quarter restated to the current-year rates, and exclude divestitures. Diversified Industrial comparisons are on 3-month average computations and Aerospace Systems comparisons are on rolling 12-month average computations.

    Note on Non-GAAP Financial Measures
    This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted segment operating margin for Parker and by segment; (d) adjusted segment operating income for Parker and by segment and (e) organic sales growth. The adjusted net income, adjusted earnings per share, adjusted segment operating margin, adjusted segment operating income and organic sales measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and segment operating margins on a comparable basis from period to period. Although adjusted net income, adjusted earnings per share, adjusted segment operating margin, adjusted segment operating income, and organic sales growth are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the results of this quarter versus the prior period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

    Forward-Looking Statements
    Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and may also include statements regarding future performance, orders, earnings projections, events or developments. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance may differ materially from expectations, including those based on past performance.

    Among other factors that may affect future performance are: changes in business relationships with and orders by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms, changes in contract costs and revenue estimates for new development programs; changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions; ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination and ability to successfully undertake business realignment activities and the expected costs, including cost savings, thereof; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and other government actions, including related to environmental protection, and associated compliance costs; supply chain and labor disruptions, including as a result of tariffs and labor shortages; threats associated with international conflicts and cybersecurity risks and risks associated with protecting our intellectual property; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; effects on market conditions, including sales and pricing, resulting from global reactions to U.S. trade policies; manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and economic conditions such as inflation, deflation, interest rates and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in the tax laws in the United States and foreign jurisdictions and judicial or regulatory interpretations thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should also consider forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and other periodic filings made with the SEC.

     
    CONSOLIDATED STATEMENT OF INCOME
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands, except per share amounts)   2025       2024       2025       2024  
    Net sales $ 4,960,349     $ 5,074,356     $ 14,606,926     $ 14,742,791  
    Cost of sales   3,129,951       3,279,650       9,249,899       9,478,961  
    Selling, general and administrative expenses   784,355       816,337       2,415,565       2,496,830  
    Interest expense   95,942       123,732       309,835       387,229  
    Other income, net   (44,713 )     (65,406 )     (404,230 )     (228,872 )
    Income before income taxes   994,814       920,043       3,035,857       2,608,643  
    Income taxes   33,628       193,309       427,494       548,780  
    Net income   961,186       726,734       2,608,363       2,059,863  
    Less: Noncontrolling interests   320       160       535       611  
    Net income attributable to common shareholders $ 960,866     $ 726,574     $ 2,607,828     $ 2,059,252  
                   
    Earnings per share attributable to common shareholders:              
    Basic earnings per share $ 7.48     $ 5.65     $ 20.28     $ 16.03  
    Diluted earnings per share $ 7.37     $ 5.56     $ 19.97     $ 15.82  
                   
    Average shares outstanding during period – Basic   128,442,623       128,502,829       128,619,515       128,467,209  
    Average shares outstanding during period – Diluted   130,320,802       130,593,026       130,576,225       130,169,331  
                   
                   
    CASH DIVIDENDS PER COMMON SHARE              
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Amounts in dollars)   2025       2024       2025       2024  
    Cash dividends per common share $ 1.63     $ 1.48     $ 4.89     $ 4.44  
                   
                   
     
    RECONCILIATION OF ORGANIC GROWTH
     
    (Unaudited) Three Months Ended
      As Reported           Adjusted
      March 31, 2025   Currency   Divestitures   March 31, 2025
    Diversified Industrial Segment (7.6 )%   (1.5 )%   (2.9 )%   (3.2 )%
    Aerospace Systems Segment 11.6 %   (0.1 )%   %   11.7 %
    Total (2.2 )%   (1.0 )%   (2.1 )%   0.9 %
                   
    (Unaudited) Nine Months Ended
      As Reported           Adjusted
      March 31, 2025   Currency   Divestitures   March 31, 2025
    Diversified Industrial Segment (6.5 )%   (1.0 )%   (1.7 )%   (3.8 )%
    Aerospace Systems Segment 14.3 %   0.1 %   %   14.2 %
    Total (0.9 )%   (0.7 )%   (1.2 )%   1.0 %
                     
                     
     
    RECONCILIATION OF NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS TO ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Net income attributable to common shareholders $ 960,866     $ 726,574     $ 2,607,828     $ 2,059,252  
    Adjustments:              
    Acquired intangible asset amortization expense   135,964       141,216       414,211       438,763  
    Business realignment charges   10,379       8,468       40,740       35,914  
    Integration costs to achieve   5,447       13,256       18,751       29,676  
    Gain on sale of building               (10,461 )      
    Gain on divestitures               (249,748 )     (25,651 )
    Saegertown incident   7,725             7,725        
    Tax effect of adjustments1   (36,689 )     (38,779 )     (82,337 )     (108,403 )
    Discrete tax benefit2   (179,849 )           (179,849 )      
    Adjusted net income attributable to common shareholders $ 903,843     $ 850,735     $ 2,566,860     $ 2,429,551  
                   
                   
     
    RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Amounts in dollars)   2025       2024       2025       2024  
    Earnings per diluted share $ 7.37     $ 5.56     $ 19.97     $ 15.82  
    Adjustments:              
    Acquired intangible asset amortization expense   1.04       1.08       3.17       3.36  
    Business realignment charges   0.08       0.06       0.31       0.27  
    Integration costs to achieve   0.04       0.10       0.14       0.23  
    Gain on sale of building               (0.08 )      
    Gain on divestitures               (1.91 )     (0.20 )
    Saegertown incident   0.06             0.06        
    Tax effect of adjustments1   (0.28 )     (0.29 )     (0.61 )     (0.82 )
    Discrete tax benefit2   (1.37 )           (1.37 )      
    Adjusted earnings per diluted share $ 6.94     $ 6.51     $ 19.68     $ 18.66  
                   
    This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
    Release of a tax valuation allowance.
     
     
    BUSINESS SEGMENT INFORMATION
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025     2024       2025       2024  
    Net sales              
    Diversified Industrial $ 3,388,759   $ 3,665,643     $ 10,097,723     $ 10,798,644  
    Aerospace Systems   1,571,590     1,408,713       4,509,203       3,944,147  
    Total net sales $ 4,960,349   $ 5,074,356     $ 14,606,926     $ 14,742,791  
    Segment operating income              
    Diversified Industrial $ 779,103   $ 800,211     $ 2,273,211     $ 2,359,299  
    Aerospace Systems   372,908     289,339       1,034,078       778,711  
    Total segment operating income   1,152,011     1,089,550       3,307,289       3,138,010  
    Corporate general and administrative expenses   43,698     56,782       148,756       162,340  
    Income before interest expense and other expense (income), net   1,108,313     1,032,768       3,158,533       2,975,670  
    Interest expense   95,942     123,732       309,835       387,229  
    Other expense (income), net   17,557     (11,007 )     (187,159 )     (20,202 )
    Income before income taxes $ 994,814   $ 920,043     $ 3,035,857     $ 2,608,643  
                   
                   
     
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment sales $ 3,388,759     $ 3,665,643     $ 10,097,723     $ 10,798,644  
                   
    Diversified Industrial Segment operating income $ 779,103     $ 800,211     $ 2,273,211     $ 2,359,299  
    Adjustments:              
    Acquired intangible asset amortization   61,600       66,409       189,434       201,669  
    Business realignment charges   10,249       6,953       38,492       32,877  
    Integration costs to achieve   2,072       1,292       3,477       3,302  
    Adjusted Diversified Industrial Segment operating income $ 853,024     $ 874,865     $ 2,504,614     $ 2,597,147  
                   
    Diversified Industrial Segment operating margin   23.0 %     21.8 %     22.5 %     21.8 %
    Adjusted Diversified Industrial Segment operating margin   25.2 %     23.9 %     24.8 %     24.1 %
                   
                   
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Aerospace Systems Segment sales $ 1,571,590     $ 1,408,713     $ 4,509,203     $ 3,944,147  
                   
    Aerospace Systems Segment operating income $ 372,908     $ 289,339     $ 1,034,078     $ 778,711  
    Adjustments:              
    Acquired intangible asset amortization   74,364       74,807       224,777       237,094  
    Business realignment charges   35       (12 )     429       318  
    Integration costs to achieve   3,375       11,964       15,274       26,374  
    Adjusted Aerospace Systems Segment operating income $ 450,682     $ 376,098     $ 1,274,558     $ 1,042,497  
                   
    Aerospace Systems Segment operating margin   23.7 %     20.5 %     22.9 %     19.7 %
    Adjusted Aerospace Systems Segment operating margin   28.7 %     26.7 %     28.3 %     26.4 %
                   
           
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Total net sales $ 4,960,349     $ 5,074,356     $ 14,606,926     $ 14,742,791  
                   
    Total segment operating income $ 1,152,011     $ 1,089,550     $ 3,307,289     $ 3,138,010  
    Adjustments:              
    Acquired intangible asset amortization   135,964       141,216       414,211       438,763  
    Business realignment charges   10,284       6,941       38,921       33,195  
    Integration costs to achieve   5,447       13,256       18,751       29,676  
    Adjusted total segment operating income $ 1,303,706     $ 1,250,963     $ 3,779,172     $ 3,639,644  
                   
    Total segment operating margin   23.2 %     21.5 %     22.6 %     21.3 %
    Adjusted total segment operating margin   26.3 %     24.7 %     25.9 %     24.7 %
                                   
                                   
     
    CONSOLIDATED BALANCE SHEET
     
    (Unaudited) March 31,   June 30,
    (Dollars in thousands)   2025     2024
    Assets      
    Current assets:      
    Cash and cash equivalents $ 408,735   $ 422,027
    Trade accounts receivable, net   2,852,833     2,865,546
    Non-trade and notes receivable   281,789     331,429
    Inventories   2,822,547     2,786,800
    Prepaid expenses   253,436     252,618
    Other current assets   157,800     140,204
    Total current assets   6,777,140     6,798,624
    Property, plant and equipment, net   2,821,566     2,875,668
    Deferred income taxes   271,431     92,704
    Investments and other assets   1,215,201     1,207,232
    Intangible assets, net   7,370,524     7,816,181
    Goodwill   10,461,946     10,507,433
    Total assets $ 28,917,808   $ 29,297,842
           
    Liabilities and equity      
    Current liabilities:      
    Notes payable and long-term debt payable within one year $ 1,951,543   $ 3,403,065
    Accounts payable, trade   1,980,967     1,991,639
    Accrued payrolls and other compensation   473,725     581,251
    Accrued domestic and foreign taxes   356,506     354,659
    Other accrued liabilities   851,725     982,695
    Total current liabilities   5,614,466     7,313,309
    Long-term debt   7,421,370     7,157,034
    Pensions and other postretirement benefits   389,891     437,490
    Deferred income taxes   1,399,612     1,583,923
    Other liabilities   692,644     725,193
    Shareholders’ equity   13,390,974     12,071,972
    Noncontrolling interests   8,851     8,921
    Total liabilities and equity $ 28,917,808   $ 29,297,842
           
           
     
    CONSOLIDATED STATEMENT OF CASH FLOWS
     
      Nine Months Ended
    (Unaudited) March 31,
    (Dollars in thousands)   2025       2024  
    Cash flows from operating activities:      
    Net income $ 2,608,363     $ 2,059,863  
    Depreciation and amortization   677,665       696,463  
    Stock incentive plan compensation   129,766       128,682  
    Gain on sale of businesses   (253,043 )     (23,667 )
    (Gain) loss on property, plant and equipment and intangible assets   (8,531 )     5,847  
    Net change in receivables, inventories and trade payables   (101,351 )     (244,268 )
    Net change in other assets and liabilities   (514,937 )     (427,509 )
    Other, net   (229,171 )     (48,334 )
    Net cash provided by operating activities   2,308,761       2,147,077  
    Cash flows from investing activities:      
    Capital expenditures   (304,153 )     (283,328 )
    Proceeds from property, plant and equipment   31,871       8,905  
    Proceeds from sale of businesses   622,697       75,561  
    Other, net   (5,745 )     4,561  
    Net cash provided by (used in) investing activities   344,670       (194,301 )
    Cash flows from financing activities:      
    Net payments for common stock activity   (856,925 )     (237,689 )
    Acquisition of noncontrolling interests         (2,883 )
    Net payments for debt   (1,193,952 )     (1,193,373 )
    Dividends paid   (630,168 )     (571,583 )
    Net cash used in financing activities   (2,681,045 )     (2,005,528 )
    Effect of exchange rate changes on cash   14,322       (16,946 )
    Net decrease in cash and cash equivalents   (13,292 )     (69,698 )
    Cash and cash equivalents at beginning of year   422,027       475,182  
    Cash and cash equivalents at end of period $ 408,735     $ 405,484  
           
           
    RECONCILIATION OF FORECASTED ORGANIC GROWTH  
    (Unaudited)  
    (Amounts in percentages) Fiscal Year 2025
    Forecasted net sales ~ (1%)
    Adjustments:  
    Currency 0.5%
    Divestitures 1.5%
    Adjusted forecasted net sales ~ 1%
       
       
    RECONCILIATION OF FORECASTED SEGMENT OPERATING MARGIN TO ADJUSTED FORECASTED SEGMENT OPERATING MARGIN
       
    (Unaudited)  
    (Amounts in percentages) Fiscal Year 2025
    Forecasted segment operating margin ~ 22.7%
    Adjustments:  
    Business realignment charges 0.3%
    Costs to achieve 0.1%
    Acquisition-related intangible asset amortization expense 2.8%
    Adjusted forecasted segment operating margin ~ 25.9%
       
     
       
    RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE
       
    (Unaudited)  
    (Amounts in dollars) Fiscal Year 2025
    Forecasted earnings per diluted share $25.92 to $26.12
    Adjustments:  
    Business realignment charges 0.47
    Costs to achieve 0.17
    Acquisition-related intangible asset amortization expense 4.22
    Net gain on divestitures (1.91)
    Gain on sale of building (0.08)
    Saegertown incident 0.06
    Tax effect of adjustments1 (0.88)
    Discrete tax benefit2 (1.37)
    Adjusted forecasted earnings per diluted share $26.60 to $26.80
       
    This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
       
    Release of a tax valuation allowance.  
       
    Note: Totals may not foot due to rounding
     
     
    SUPPLEMENTAL INFORMATION
     
    BUSINESS SEGMENT INFORMATION
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025     2024     2025     2024
    Net sales              
    Diversified Industrial:              
    North America businesses $ 2,030,970   $ 2,231,478   $ 6,059,302   $ 6,571,587
    International businesses   1,357,789     1,434,165     4,038,421     4,227,057
                   
    Segment operating income              
    Diversified Industrial:              
    North America businesses $ 467,064   $ 490,452   $ 1,378,194   $ 1,458,355
    International businesses   312,039     309,759     895,017     900,944
                           
                           
       
    RECONCILIATION OF ORGANIC GROWTH
       
    (Unaudited) Three Months Ended
      As Reported             Adjusted
      March 31, 2025   Currency     Divestitures   March 31, 2025
    Diversified Industrial Segment:                
    North America businesses (9.0 )%   (0.8 )%   (4.7 )%   (3.5 )%
    International businesses:                
    Europe (8.6 )%   (1.7 )%   %   (6.9 )%
    Asia Pacific (0.8 )%   (3.0 )%   %   2.2 %
    Latin America (0.2 )%   (8.1 )%   %   7.9 %
    International businesses (5.3 )%   (2.5 )%   %   (2.8 )%
                     
    (Unaudited) Nine Months Ended
      As Reported             Adjusted
      March 31, 2025   Currency     Divestitures   March 31, 2025
    Diversified Industrial Segment:                
    North America businesses (7.8 )%   (0.6 )%   (2.7 )%   (4.5 )%
    International businesses:                
    Europe (8.1 )%   (0.4 )%   %   (7.7 )%
    Asia Pacific 0.8 %   (1.9 )%   %   2.7 %
    Latin America (3.3 )%   (13.9 )%   %   10.6 %
    International businesses (4.5 )%   (1.8 )%   %   (2.7 )%
                       
                       
     
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment:              
    North America businesses sales $ 2,030,970     $ 2,231,478     $ 6,059,302     $ 6,571,587  
                   
    North America businesses operating income $ 467,064     $ 490,452     $ 1,378,194     $ 1,458,355  
    Adjustments:              
    Acquired intangible asset amortization   40,209       43,945       124,169       133,327  
    Business realignment charges   4,218       3,058       13,106       8,892  
    Integration costs to achieve   1,038       841       2,088       2,348  
    Adjusted North America businesses operating income $ 512,529     $ 538,296     $ 1,517,557     $ 1,602,922  
                   
    North America businesses operating margin   23.0 %     22.0 %     22.7 %     22.2 %
    Adjusted North America businesses operating margin   25.2 %     24.1 %     25.0 %     24.4 %
                   
           
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment:              
    International businesses sales $ 1,357,789     $ 1,434,165     $ 4,038,421     $ 4,227,057  
                   
    International businesses operating income $ 312,039     $ 309,759     $ 895,017     $ 900,944  
    Adjustments:              
    Acquired intangible asset amortization   21,391       22,464       65,265       68,342  
    Business realignment charges   6,031       3,895       25,386       23,985  
    Integration costs to achieve   1,034       451       1,389       954  
    Adjusted International businesses operating income $ 340,495     $ 336,569     $ 987,057     $ 994,225  
                   
    International businesses operating margin   23.0 %     21.6 %     22.2 %     21.3 %
    Adjusted International businesses operating margin   25.1 %     23.5 %     24.4 %     23.5 %
                                   

    The MIL Network

  • MIL-OSI United Nations: A new international day to protect against earthquakes

    Source: UNISDR Disaster Risk Reduction

    The UN General Assembly has designated the 29th of April of every year as the International Day in Memory of the Victims of Earthquakes, highlighting both the need to support earthquake survivors and to build resilience against earthquakes.

    Earthquakes are among the deadliest natural hazards and are responsible for some of the largest disasters in human history. Currently, Myanmar is in the midst of responding to the earthquake that struck it on 28 March, which killed over 3,700 people, as of 24 April. In Türkiye and Syria, millions are still struggling to rebuild their lives two years after the devastating earthquakes of 2023, which killed over 55,000 people. 

    Recognizing the tremendous toll of earthquakes on lives, economies and sustainable development, Chile, Phillippines, and Uzbekistan introduced a resolution that was adopted by the UN General Assembly on 29 April designating the day as the International Day in Memory of the Victims of Earthquakes. The resolution also invites the United Nations Office for Disaster Risk Reduction (UNDRR) to facilitate the observance of the new international day.

    “We express our heartfelt appreciation to all Member States who participated in the informal consultations and contributed to the drafting process. We also extend sincere thanks to the United Nations Office for Disaster Risk Reduction for its invaluable support and cooperation,” said Ulugbek Lapasov, Ambassador and Permanent Representative of Uzbekistan to the UN in New York, noting that, “it should be emphasized that the adoption of this resolution is not only an act of commemoration but a call to action on earthquake risks.”

    The resolution specifies two distinct needs that this day aims to highlight. The first is the need to support the victims of earthquakes, including the provision of international assistance for recovery and long-term psychosocial support. The second is the need to raise awareness around earthquake risks and how they can be reduced. 

    “By honoring those affected worldwide, this day seeks to strengthen solidarity with impacted communities, raise awareness, and promote resilience and preparedness. It also encourages the implementation of measures to improve response, recovery, and disaster risk reduction, ensuring better support for future earthquake events,” said Paula Narváez Ojeda, Ambassador and Permanent Representative of Chile to the UN in New York.

    While earthquakes cannot be prevented, their destructive impacts can be greatly reduced through proactive disaster risk reduction measures. This includes supporting countries to better understand their earthquake risks, strengthening disaster risk reduction plans and governance, increasing investments in resilience building, and enhancing preparedness to “build back better” in the aftermath of earthquakes. All of these are key priorities for action within the Sendai Framework for Disaster Risk Reduction 2015-2030.

    Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction and Head of UNDRR, has called on countries to do more to reverse the trend of growing earthquake-related disaster costs:

    “Our understanding of the physics of earthquakes has improved. We also understand how buildings and infrastructure respond to earthquakes, and we know how to make them safer. From designing a simple structure to a complex physical infrastructure, engineering knowledge is at an all-time high. Yet the risk of losses from earthquakes is rising in most seismic countries. But trend is not destiny. It can be arrested. It can be reversed.”

    Ambassador Lapasov encouraged countries to actively support commemorations of the new international day:

    “We encourage all Member States to consider making voluntary contributions and urge earthquake-prone countries to organize meaningful national activities in observance of this day. A robust commemoration will serve not only as a tribute to victims but also as a catalyst for advancing disaster prevention and preparedness.”

    MIL OSI United Nations News

  • MIL-OSI United Nations: Myanmar earthquake: Investing in disaster risk reduction to save lives and protect sustainable development

    Source: UNISDR Disaster Risk Reduction

    One month has passed since the devastating 7.7 magnitude earthquake that struck Myanmar on 28 March 2025, which was also felt in Thailand and southwest China. UN-Habitat and the United Nations Office for Disaster Risk Reduction (UNDRR) reiterate their condolences for the tragic loss of life and call for greater investment in disaster risk reduction and urban resilience in earthquake-prone countries – to help prevent such tragedies in the future. This call carries special significance today, as the UN General Assembly votes to designate 29 April as the International Day in Memory of the Victims of Earthquakes.

    Earthquakes are among the deadliest natural hazards and are responsible for some of the most devastating disasters in human history. Their sudden nature means proactive disaster risk reduction is essential to reducing deaths and economic losses. And as it is often said, it is not earthquakes that kill people, but the collapse of buildings. Hence, countries in earthquake-prone zones must proactively invest in building their resilience. This means updating and enforcing building codes to ensure all new structures are earthquake-resistant as well as retrofitting old ones to meet resilience standards.

    The impact of the earthquake in Myanmar, which as of 24 April resulted in the death of over 3,700 people, injuries of nearly 4,800, and the destruction of almost 65,000 structures, including homes, schools, and hospitals, is a sad reminder of the terrible cost of disasters.  Moreover, the existing vulnerabilities, from years of conflict and instability, worsened the earthquake’s impact, highlighting the importance of disaster risk reduction in countries affected by conflict, violence, or fragility.

    However, there is an opportunity for Myanmar to emerge from this disaster more resilient if the recovery process is based on the “build back better” approach, as called for in the Sendai Framework for Disaster Risk Reduction 2015-2030. UN-Habitat and UNDRR are committed to supporting countries to accelerate the implementation of the Sendai Framework in the remaining five years to help them avoid the worst impacts of disasters.

    This includes recognizing the vital role of housing in resilience building, as Anacláudia Rossbach, Executive Director of UN-Habitat, states: “In these challenging times, our unwavering commitment is to support the communities affected by the earthquake. Since establishing our office in Myanmar following Cyclone Nargis, we have focused on risk-sensitive urban development to enhance resilience. Earthquakes do more than just damage buildings; they profoundly affect lives and the fabric of communities. Together with our partners and the communities themselves, we are dedicated not only to rebuilding housing and infrastructure but also to instilling hope, ensuring that each step we take makes the rebuilt areas stronger and more resilient than before.”

    UN-Habitat has been engaged in a range of projects across Myanmar, as detailed in the Country Programme Overview 2024–2026, which include essential initiatives such as solid waste management, climate action, and the implementation of nature-based solutions for disaster risk reduction. These efforts are complemented by upcoming initiatives aimed at developing nature-based solutions, climate-resilient schools, and resilient villages. This integrated approach ensures that resilience-building activities are both comprehensive and inclusive, addressing the immediate and long-term needs of Myanmar’s communities.

    Enhancing bilateral and multilateral cooperation is key to responding to these challenges, and the United Nations stands ready to support on this front. That is why international assistance to Myanmar must be increased to address urgent humanitarian needs, in urban and in hard-to-reach rural areas, and to support recovery efforts. This includes support to help Myanmar better understand the climate and disaster risks it faces and to strengthen its early warning system, which was impacted by the earthquake. 

    Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction and Head of UNDRR, echoed the call made by the UN Resident Coordinator and Humanitarian Coordinator, urging the international community to step up its support in this critical time: “The people of Myanmar urgently require unwavering support from the international community in these trying times. I call on all nations to redouble their efforts in reducing disaster risks and bolstering resilience, ensuring that communities are better protected against all hazards.”

    He also emphasized the importance of proactive measures to reduce earthquake disaster losses, noting: “Our understanding of the physics of earthquakes has improved. We also understand how buildings and infrastructure respond to earthquakes, and we know how to make them safer. From designing a simple structure to a complex physical infrastructure, engineering knowledge is at an all-time high. Yet the risk of losses from earthquakes is rising in most seismic countries. But trend is not destiny. It can be arrested. It can be reversed.”

    UN-Habitat and UNDRR are committed to supporting countries to build their disaster resilience and are cooperating in several areas. UN-Habitat has been an active member of the UNDRR-hosted International Recovery Platform since its inception. Additionally, both UN agencies are co-organizing sessions on resilient housing and reconstruction ahead and during the 8th Session of the Global Platform for Disaster Risk Reduction (GP2025), which will be held this June in Geneva.  

    Little can be done to prevent hazards like earthquakes from occurring. However, plenty can be done to prevent the damage they cause. Investing in disaster risk reduction and urban resilience building is the best way to save lives and protect sustainable development.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Racial Discrimination Commend Mauritius on Intercontinental Slavery Museum, Raise Questions on Mandatory HIV Testing for Migrant Workers and the Treatment of the Chagossian People

    Source: United Nations – Geneva

    The Committee on the Elimination of Racial Discrimination today concluded its consideration of the combined twenty-fourth and twenty-fifth periodic reports of Mauritius, with Committee Experts commending the State on the Intercontinental Slavery Museum, while raising questions on mandatory HIV testing for migrant workers, and the treatment of the Chagossian people.

    Pela Boker Wilson, Committee Expert and Country Rapporteur, said the Committee commended the State party for the 20 October 2020 official launch of the Intercontinental Slavery Museum under the theme “breaking the silence”, to remember the suffering, resilience and struggle for freedom of the forefathers, and to honour interculturality and promote remembrance and reconciliation.

    Chrispine Gwalawala Sibande, Committee Expert and Country Co-Rapporteur, said Mauritius still applied HIV related restrictions on the entry, stay and residence of non-nationals, with migrant workers being required to provide evidence of their negative HIV status to qualify for work and residence permits.  Would the delegation clarify reports that Mauritius required HIV testing for any residency permit longer than 90 days, and applicants were denied on the basis of HIV status?  What had the Government done to make sure it did not violate the rights of people, especially migrants, on the basis of HIV status?  What were the plans to reform the HIV/AIDS and immigration laws in Mauritius? 

    Ms. Boker Wilson also asked what steps the State party had taken to ensure the rights of the Chagossian people in negotiations with the United Kingdom’s Government?  Another Committee Expert said the Chagossian people had suffered a harm that had been significant.  They were due reparations and restitutions and needed to be involved in these negotiations.  Those who were descendants of a system of enslavement enforced on people in Mauritius were victims of a harm which needed to be repaired.  It was important to look at best practice examples from other countries. Had there been restitutions for the Chagossian people who had been disadvantaged? 

    Introducing the report, Gavin Patrick Cyril Glover S.C, Attorney General of Mauritius and head of the delegation, said the Government Programme 2025–2029 announced the setting up of a Constitutional Review Commission to make recommendations on constitutional and electoral reforms. The work of the Commission would also address several issues of direct relevance to the Committee’s concerns, including the future of the Best Loser System, the use of Kreol as a parliamentary language, and broader questions of equality and representation in Mauritian institutions.  He concluded by stating that Mauritius reaffirmed its deep commitment to the Convention and looked forward to a constructive exchange. 

    Mr. Glover, responding to questions, said all migrant workers had to comply with the law and present a HIV negative test result before being granted access to the country.  If a test was positive, they were not allowed to work and had to leave the country.  For those who contracted the disease in the country, they received the same treatment as nationals, regardless of their origin.  There were currently 60 foreign workers receiving treatment for HIV/AIDS. There was no discrimination when this test was applied; it was applied across the board, wherever you came from. It was implemented as a public health policy by the Government, due to Mauritius’ small size.  Unfortunately for the time being, this would stay in place. 

    Mr. Glover said since 1999, the Chagossians welfare fund act was established.  Dedicated educational support, including scholarships, and healthcare programmes were also provided, and the State conducted regular visits to the communities. The Government remained firmly committed to the resettlement of the Chagossians in the Chagos Archipelago and ensuring the full human rights of this group.  Mauritius was in the process of finalising with Great Britain the return of the Chagos Archipelago.  It was expected that the terms would result in a positive outcome. 

    In concluding remarks, Ms. Boker Wilson extended sincere thanks and appreciation to the delegation for the interactive dialogue. The delegation had delivered on its pledge to ensure openness and accountability, and the State party’s commitment to continuity was appreciated. 

    Mr. Glover, in his concluding remarks, extended thanks for the dialogue which had taken place.  Mauritius viewed this exchange as an opportunity to reflect openly and recommit the State to the principles of the Convention.  History left long shadows, but Mauritius believed that progress was possible.  The State was committed to achieving unity, dignity and justice for all.   

    The delegation of Mauritius consisted of representatives of the Attorney General’s Office; the Ministry of Foreign Affairs, Regional Integration and International Trade; and the Permanent Mission of Mauritius to the United Nations Office at Geneva.

    The Committee will issue its concluding observations on the report of Mauritius after the conclusion of its one hundred and fifteenth session on 9 May 2025.  The programme of work and other documents related to the session can be found here. Summaries of the public meetings of the Committee can be found here, while webcasts of the public meetings can be found here.

    The Committee will next meet in public on Tuesday, 29 April at 3.p.m to review the combined twentieth to twenty-second periodic reports of the Republic of Korea (CERD/C/KOR/20-22).

    Report

    The Committee has before it the combined twenty-fourth and twenty-fifth periodic reports of Mauritius (CERD/C/MUS/24-25).

    Presentation of Report

    BRIAN NEIL JOSEPH GLOVER, Permanent Representative of Mauritius to the United Nations Office at Geneva, expressed appreciation to the Committee for allowing the dialogue to take place in a hybrid format. He then introduced the delegation of Mauritius.

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said that since the combined report was submitted in July 2021, several developments had affected the application of the Convention in Mauritius.  In retrospect, Mauritius recognised that paragraphs 4 and 5 of the report should have engaged more meaningfully with the concerns of the Committee; this approach had been reassessed and today the State was committed to more openness and accountability.  In November 2024, a new government was elected with a vision which included a renewed commitment to human rights.  During the dialogue, the State would aim neither to disown the past nor engage in political blame, but would reaffirm Mauritius’ enduring commitment to the Convention. 

    Some of the issues relating to disaggregated data, ethnic identification, and racial disparities were deeply complex and sensitive in Mauritius.  It was a proudly diverse society, but also one shaped by a painful history of division.  Against this backdrop, classifying individuals along ethnic lines remained politically sensitive and socially divisive.  However, the State accepted that the absence of such data must not become an excuse for blindness to discrimination.  Mauritius welcomed the guidance of the Committee to chart a path forward that was principled and mindful of the national context.  To mark the sixtieth anniversary of the Convention, it was being translated by the Government into Kreol Morisien for public dissemination.

    The Government Programme 2025–2029 announced the setting up of a Constitutional Review Commission to make recommendations on constitutional and electoral reforms.  The work of the Commission would also address several issues of direct relevance to the Committee’s concerns, including the future of the Best Loser System, the use of Kreol as a parliamentary language, and broader questions of equality and representation in Mauritian institutions.  Since the submission of the report, Mauritius had enacted several important legislative reforms, including the private recruitment agencies act 2023; the combatting of trafficking in persons (amendment) act 2023; the immigration act 2022; the protection and promotion of the rights of persons with disabilities act 2024; and a gender equality commission bill. 

    The Best Loser System continued to operate within Mauritius’ electoral framework. 

    Following the 2024 general elections, and with the operation of the Best Loser System, the National Assembly now comprised of 36 members from the Hindu community, nine members from the Muslim community, two members from the Sino-Mauritian community, 19 members from the general population, and one non-elected member.  Many civil society groups had called for the abolition of community-based classifications, while others urged updating the census, believing that the Best Loser System could still offer an important safeguard for minorities.

    Navigating this dilemma would be one of the challenges that the Constitutional Review Commission would be called to address. 

    The Government of Mauritius remained strongly committed to implementing a resettlement plan in the Chagos Archipelago and supported the aspirations of Chagossians, as Mauritian citizens, to be able to resettle in the Chagos Archipelago if they wished.  An amount of Rs 50 million had been earmarked for 2024-2025 for visits to be undertaken to the Chagos Archipelago as groundwork for a proper resettlement.  In Mauritius, out of a population of 1,233,097, Kreol was the language habitually spoken by 968,952 persons.  Regarding the use of Kreol in Parliament, meetings were being organised with a view to looking into the practical hurdles that needed to be cleared before introducing the Kreol Morisien language in the National Assembly. 

    A new public website would shortly offer free access to updated legislation and all international treaties binding Mauritius, including the Convention.  The State’s legislation criminalised hate speech and incitement to racial or religious hatred. Human rights education remained a national priority, and the National Human Rights Commission conducted workshops and collaborated with civil society to promote equality.  Sensitisation campaigns targeted both youth and the wider public, including the distribution of the Universal Declaration of Human Rights in Kreol Morisien.  Mr. Glover concluded by stating that Mauritius reaffirmed its deep commitment to the Convention and looked forward to a constructive exchange. 

    MICHAL BALCERZAK, Committee Chair thanked the delegation for the invaluable contribution of Committee Expert Yeung Sik Yuen Yeung Kam John, from Mauritius. 

    Questions by a Committee Expert

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, said 

    regrettably, the Committee noted the State party’s persistent position that the collection of data disaggregated by ethnicity ran contrary to national unity and the fostering of a rainbow nation.  The Committee recognised the State’s priorities in promoting national unity.  The State party was encouraged to meet its obligation of collecting and publishing data disaggregated by grounds of discrimination, recognised in international human rights law.  Notwithstanding this position, could the State party share how the rights guaranteed under the Convention were being enjoyed by the various ethnic groups, including the Creoles, Chagossians and Ilois? What steps had Mauritius taken to collect and evaluate socio-economic indicators across various ethnic minorities to develop evidence-based socio-economic policies?  Could information be provided on the composition of the population in respect of non-nationals such as migrants, refugees, asylum seekers and stateless persons disaggregated by residence status, sex and age?

    Had the State party taken any action, in the form of training or awareness raising, on anti-discrimination for magistrates, judges, prosecutors and police to further the application of the Convention by domestic courts?  Had there been any steps by the State party to enact comprehensive anti-discrimination legislation as a means of ensuring that victims had access remedies for discrimination?  Could examples be provided of cases in which the Convention had been directly applied by judges, or invoked before the courts? 

    The Committee had requested the State party to hold countrywide consultations to bring about a change of the existing classification of groups, including in the Constitution, giving due account to the principle of self-identification and the Committee’s general recommendation no. 8 (1990) concerning the interpretation and application of article 1 (1) and (4) of the Convention.  Had such consultations been held? 

    Could information be provided regarding awareness-raising campaigns and educational programmes aimed at showcasing the contribution of each ethnic group to the development of the State party’s society? Did the State party have updated information on the preparation of a human rights action plan for the period 2024-2030? What measures had the State party undertaken to implement a comprehensive strategy and national action plan to combat racism, racial discrimination, intolerance, and any manifestation of racial or caste-based superiority?

    The Committee encouraged the State party to give due consideration to revising the equal opportunities act, with a view to include language among the prohibited grounds of discrimination, and to introduce a legal provision on special measures aimed at accelerating the full and equal enjoyment of rights by disadvantaged groups.  Could the State party provide information on the overall implementation of the act?  What claims had been filed under it and what effects had it had? 

    Had the State party undertaken efforts at ensuring its recommendation regarding the jurisdiction of the Equal Opportunities Commission to investigate complaints against civil servants, and the handing down of sanctions commensurate with the gravity of the offences?  How was the development of the land division dealing with land dispossession and ownership claims?  What impact had the recent changes to the law against human trafficking had on the fight against human trafficking in Mauritius? 

    What efforts had been undertaken to ensure that the Criminal Code and other relevant legislation prohibited and punished racist hate speech, as well as organizations that promoted and incited racial discrimination?  Were there updated statistics on complaints registered with the courts or any other national institution for acts of racial discrimination, racist hate speech and racist hate crimes, including over the Internet and through the media?

    The Committee commended the State party for the 20 October 2020 official launch of the Intercontinental Slavery Museum under the theme “breaking the silence”, to remember the suffering, resilience and struggle for freedom of the forefathers, and to honour interculturality and promote remembrance and reconciliation.  Could information be provided on the implementation of other recommendations of the Truth and Justice Commission relating to land dispossession and ownership claims?  What had the Truth and Justice Commission done to investigate and respond to the lingering effects of colonialism and the slave trade in Mauritius?  What other measures was the State party considering that could address the racial disparities and legacies of colonialism and the slave trade?

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said it was regretful that the Equal Opportunities Commission had not been a model of what it could be. The State took the suggestion of the inclusion of language as a possible segment of discrimination very seriously. Primary and secondary education was free in Mauritius and all students were taught English and French, whatever their economic and social background.  No one was left behind, but it was recognised that those falling out of the system needed to be helped.  It was possible that an amendment could be introduced to cater to those who slipped through the net. 

    Based on a population census in 2020, there were more than 1.2 million people living in the Republic of Mauritius, with the majority being of Mauritian nationality.  Around 40 per cent of those had reported their religion as Hindu; 32 per cent had reported their religion as Christian, 18 per cent had reported their religion as Muslim; and the remaining identified as “other” or did not supply the religion.  Some 79 per cent of the population spoke Kreol at home. 

    Statistics regarding the prison population were difficult to pinpoint, given the movement of people within the prison system.  Information on ethnic origin was not collected, but information on religion and citizenship was provided.  As of April 2025, the Mauritian prison system housed 2,858 detainees, with 60 per cent being Roman Catholic.  Foreign nationals represented 9.7 per cent of the prison population.  As of January 2025, there were more than 48,000 migrant workers in Mauritius with valid work permits, working across various sectors, including manufacturing, retail and trade, among others.  There were no reported cases of stateless persons in Mauritius.

    Questions by Committee Experts

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, asked what the delegation meant about the movement of the detained persons; could this be clarified?

    The attention of the Committee was drawn to the vagrancy act of 1867, which criminalised individuals who lacked a fixed residence, means of subsistence, or regular employment.  There had been reports that the history of the law was related to colonialist and racist efforts that controlled the movement of Indian labourers, referencing a historical event where thousands of Indians were reportedly imprisoned under brutal conditions.  Did the State party have plans to repeal this act? 

    There had also been reports that the morality clauses in article 6 of the immigration act were rooted in colonial-era mentalities, and could have a disproportionate and discriminatory impact on minorities.  Had Mauritius investigated this?  Article 5 of the immigration act banned individuals with infectious, contagious, or communicable diseases.  This could encompass HIV/AIDS, which disproportionately affected marginalised groups.  Had Mauritius investigated this?

    A Committee Expert asked if the racial tensions in the country had disappeared?  What had caused more harmonious relations? 

    Another Expert asked what percentage of descendants of slavery were a part of the Mauritian population today? 

    A Committee Expert said the Truth and Justice Commission addressed the issue of land confiscation; what results had been achieved by the court set up to address these cases?  Was the State certain that when it revoked the citizenship of a person, they would not become stateless?

    An Expert said Mauritius had unfortunately experienced the effects of British colonisation, and English people were still present within the country.  The people were waiting for Mauritius to be liberated from the British presence. Mauritius had the resources to help Africa to emerge from the long colonial night of slavery. 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said Mauritius was fully committed to complete the decolonisation process of Africa, for those in the Chagos Archipelago, and it was hoped that this would become a reality in the coming weeks.  In 1995, a law was passed, and all Mauritians who came of age after this date were automatically granted Mauritian nationality.  There was a willingness and necessity for the piece of legislation to be changed today, so everyone could be on the same level. 

    There was no prosecution in Mauritius for being a vagrant, but there had been prosecutions under the offence of being a “rogue or vagabond” which was a different matter.  There were more than 800 of these cases prosecuted in 2024. This was a matter which would be taken up in the reform of the criminal justice system.  The State was aware of the discrepancies of the immigration act regarding communicable diseases, and acknowledged there was a need to review this legislation.  There had previously been an abominable piece of legislation, the Hoffman law, which enabled a citizenship provided to a non-citizen to be revoked.  This would also be reviewed. 

    There was a latent possibility of tensions rising and the State had to be careful not to stoke any of these factors.  There were instances, such as in the last election, where the whole nation came together and showed that the multicultural society could work. 

    Questions by Committee Expert

     

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, asked what steps Mauritius had taken to ratify the International Convention on the Protection of the Rights of All Migrant Workers and Members of their Families? 

    The Committee would still like an update regarding disaggregated data by ethnicity?  What were the unique challenges that people of African descent faced in Mauritius?  Would the delegation update the Committee on steps being taken to ratify and accept the individual communication article under the Convention?  According to the State report, there were currently three distinct cases against the State in court by lesbian, gay, bisexual, transgender and intersex persons.  Could an update on the human rights issues being raised in these three cases be provided?

    Mauritius had not signed the 1951 Convention relating to the status of refugees and its 1967 Protocol Convention.  Would the delegation update the Committee on the plans being developed to have a legislative and policy framework in place to ensure refugees were well protected under the law?  What were the plans to ratify the 1951 Convention relating to the status of refugees and its 1967 Protocol Convention?  What measures was Mauritius taking to address matters of statelessness and compile data on stateless persons?  Could the delegation update the Committee on birth registration and citizenship laws available?

    What were the legislative, policy and effective action points being taken to make sure that all ethnic groups were treated equally in Mauritius?  How was the Government handling the allegations that certain ethnic groups were getting preferential treatment? 

    What legislative, policy and enforcement action points had been put in place to address discrimination on issues of wages affecting Creoles and Muslims of Indian origin communities?  Would the delegation update the Committee on measures being taken to address underpayment for overtime in the textile and apparel industries, including issues on differences in legislation and calculation of overtime hours?  What were the legislative and policy reform steps being taken to address matters concerning the informal sector that accounted for 10 per cent of all workers? 

    The garment sector of Mauritius was a significant destination for migrant workers from Bangladesh.  Some reports found that Bangladesh nationals incurred significant debt to pay recruitment fees; were unable to review their contracts prior to signing or departing for Mauritius; and had a limited understanding of their salaries, among other issues.  Had Mauritius reviewed the recruitment procedures of foreigners and migrant workers, especially the recruitments that involved agents?  What measures had the Republic of Mauritius taken to address the concerns of persons belonging to certain nationalities, including Bangladesh citizens? 

    What measures had the State taken to minimise these challenges and make sure that all international labour instruments by the International Labour Organization on the treatment of migrant workers were compiled and enforced? When would Mauritius sign and ratify several International Labour Organization Conventions? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said the three cases referred to were determined by the Supreme Court in 2023.  The Supreme Court decided that criminalising consensual same-sex relations between males was unconstitutional. 

    It was estimated that around one third of Mauritians descended from slaves.  Mauritius would update its citizenship laws regarding refugees and asylum seekers. The current laws did not address statelessness and this would be addressed.

    Migrant workers should typically enjoy the same benefits and laws as any Mauritians.  However, there were cases where migrant workers had been lured to come to Mauritius and became enslaved by certain employers.  The Government was taking a strong stand on this issue and had recently publicised a well-published case in this regard, where they worked to bring the perpetrators who had abused the migrant workers to justice. Large companies with clientele in Europe and America were strict in their adherence to the law, and dealt with all processes relating to migrant workers correctly.  Mauritius was firmly committed to enforcing its immigration laws while ensuring the rights of migrant workers were upheld.  In cases where unscrupulous employers had not declared workers or where they did not renew their visas on time, these migrant workers were considered to be victims. 

    Questions by Committee Expert

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, asked for more data on domestic workers?  Mauritius still applied HIV related restrictions on the entry, stay and residence of non-nationals, with migrant workers being required to provide evidence of their negative HIV status to qualify for work and residence permits.  Would the delegation clarify reports that Mauritius required HIV testing for any residency permit longer than 90 days, and applicants were denied on the basis of HIV status?  What had the Government done to make sure it did not violate the rights of people, especially migrants, on the basis of HIV status?  What were the plans to reform the HIV/AIDS and immigration laws in Mauritius? 

    The Government of Mauritius had demonstrated overall increasing efforts compared with the previous years on issues of combatting human trafficking and had therefore been upgraded to tier 2.  However, the Government did not meet the minimum standards to combat human trafficking in some key areas, including not convicting any traffickers in court for the second consecutive year in a row.  Would the delegation update the Committee on the data available on cases prosecuted?  What concrete measures was Mauritius taking to combat human trafficking, including perpetrators of human trafficking prosecuted under the combatting of trafficking in persons act?  What had the Government of Mauritius done to make sure that the courts dealt with the backlog of cases?  What programmes were being initiated and rolled out, whether through legislation, policy or action points, to make sure citizens were encouraged to report cases of human trafficking and sex trafficking? 

    A Committee Expert asked why the Human Rights Commission was not present before the Committee and if it was influenced by the Prime Minister’s office? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said from June 2021 to March 2025, there were 41 cases of trafficking reported, and six were prosecuted.  The backlog of cases was a systemic problem in the criminal justice system.  A police and criminal justice bill was being prepared to set up the parameters in which the judicial processes would be carried out, to ensure diligent hearings and adjudication of various cases. 

    All migrant workers had to comply with the law and present a HIV negative test result before being granted access to the country. If a test was positive, they were not allowed to work and had to leave the country.  For those who contracted the disease in the country, they received the same treatment as nationals, regardless of their origin.  There were currently 60 foreign workers receiving treatment for HIV/AIDS.  Article 5 of the immigration act was a precautionary measure and was a new provision on the application for working in Mauritius.  There was no discrimination when this test was applied; it was applied across the board, wherever you came from.  It was implemented as a public health policy by the Government, due to Mauritius’ small size.  Unfortunately for the time being, this would stay in place. 

    There were no restrictions on civil society to protest, provided they stayed within the parameters of the law.  The State had just received the report of the Human Rights Commission for 2024, and this would be shared with the Committee. 

    Questions by Committee Expert

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, asked what was being done to ensure that civil society participated in the review of Mauritius? 

    Another Expert said the mandatory HIV test was not compliant with the Convention.  It was ineffective as a public health policy and cast a negative stigma on migrant workers. 

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, asked how the different ethnic groups in Mauritius enjoyed their rights under the Convention?

    Another Committee Expert said it was understood that civil society had not suffered intimidation, but was it consulted prior to the dialogue?  Why did the Human Rights Commission not report directly to parliament or the public? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said he took on board the views that the mandatory HIV law was ineffective and discriminatory and would act as an advocate in this regard.  All domestic workers had to obtain a resident and work permit to work in Mauritius. 

    The Chairperson of the National Human Rights Commission was appointed on the recommendation of the Prime Minister, and could be seen to not be totally independent.  The Commission had carried out its work well, and a new Chairperson would be appointed in the coming days.  It was expected that the Constitutional Review Commission would now have a say in the processes of the appointments of these kinds of positions. 

    Questions by a Committee Expert

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, said during the previous dialogue, the Committee urged the State party to adopt and implement a well-resourced strategy to address the deep-rooted discrimination faced by the Creoles, including those living on Agaléga and Rodrigues Islands.  What steps had been undertaken to implement this strategy?  What measures were in place to ensure ethnic minorities had equal enjoyment of economic, social and cultural rights?  Had measures relating to adequate housing, health-care service and quality inclusive education been designed in close collaboration with the communities concerned and relevant civil society organizations?  What measures had the State party undertaken to ensure effective participation and representation of ethnic minorities in public and political life?  What measures were envisaged to grant national language status to Creole?

    Could information be provided on the impact of climate change, tourism and development projects on marginalised communities, particularly ethnic minorities?  What was the State party’s national plan on business and human rights? The Committee would appreciate updated information from the State party regarding the assessment of current measures, including the Best Loser System, and the process of electoral reform? What steps had the State party taken to ensure the rights of the Chagossian people in negotiations with the United Kingdom’s Government? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said the Government was adamant that all races, communities and religious groups were treated on an equal footing and guaranteed full enjoyment of economic, social and cultural rights. The first of February was a holiday in Mauritius, marking the abolition of slavery in the country.  Pieces of legislation had been passed to ensure the Creoles were not left behind, as well as the Chagossians.  Since 1999, the Chagossian welfare fund act was established. Dedicated educational support, including scholarships, and healthcare programmes were also provided, and the State conducted regular visits to the communities.  The Government remained firmly committed to the resettlement of the Chagossians in the Chagos Archipelago and ensuring the full human rights of this group. 

    The Best Loser System was implemented to ensure that underrepresented communities received representation.  The State recognised it was not the best system and was outdated; two levels of amendments would be introduced in this regard. The Judicial and Legal Commission had been established for the appointment of judicial officers, and consisted of the Chief Justice and the President of the Public Service Commission. This Commission had the exclusivity of appointing all judicial and legal officers. 

    In the National Assembly, people addressed the chamber in English and French.  Members were also able to address a few lines in Creole when appropriate.  Recently, one member wanted to make a whole address in Creole and she was ruled out by the speaker.  Following this, the speaker raised the issue of introducing Creole in the Assembly, which they expected would be supported by most members. 

    A student behaviour policy was introduced in schools to reinforce tolerance and diversity in schools.  There had been a decline in bullying cases, and an anti-bullying policy was being drafted within the Ministry of Education.   

    Questions by Committee Experts

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, asked if strategies concerning Creoles were developed with their participation?  Were the welfare programmes based in law or were they policies which could change depending on the Government?  What kind of scholarships were provided?  Who were the target beneficiaries? 

    A Committee Expert said welfare systems did not reconcile with the past.  Had there been restitutions for the Chagossian people who had been disadvantaged? 

    Another Expert asked if all groups embraced the celebrations of the first of February?  Could more information be provided on the Creole group of Mauritius? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said there were national celebrations on the first of February, but ethnic lines were well demarcated when it came to attendees.  Creole referred to a certain category of people with a mixed descent.  A programme entitled “bridge to the future” had been produced, which was an overhaul of the election and judicial system in the country, concentrated in the hands of the Constitutional Reform Commission which would likely begin its work next month. 

    The previous Government had opened negotiations with Great Britain to find a solution for the Chagos Archipelago.  The United Kingdom recognised Mauritius’ sovereignty over the territory and negotiations were currently underway. The Best Loser System was outdated and was based on the census of 1972 with no relevance today.  The changes made would be implemented within the Constitution and removed the need to declare a candidate’s race or community when standing for parliament. 

    Questions by Committee Experts

    A Committee Expert said the Chagossian people had suffered a harm that had been significant.  They were due reparations and restitutions and they needed to be involved in these negotiations.  Those who were descendants of a system of enslavement enforced on people in Mauritius were victims of a harm which needed to be repaired.  It was important to look at best practice examples from other countries.

    Another Expert asked how the First Decade of People of African Descent was marked and what programmes were undertaken?  Had Mauritius started to think about the Second Decade?  Would the State think about establishing more sites of memory for people of chattel enslavement in the Second Decade? 

    FAITH DIKELEDI PANSY TLAKULA, Committee Expert and Follow-up Rapporteur, said the Committee had made a mistake in the follow-up paragraphs for the last dialogue and appreciated that Mauritius had accommodated their mistake.  It was appreciated that the national mechanism for reporting and follow-up had been established.  It was noted that information had been provided on the roadmap for teaching Creole and on the use of Creole in parliament.  Could an update on the use of Creole in the administration and in the judiciary be provided?  Had the State considered developing a roadmap for the Chagossian people? 

    An Expert said Great Britain was being allowed to continue to dominate Mauritius, and still had sway over the country and its people.   Mauritius had suffered too much to return to the past.  It was hoped Mauritius could come together as one country. 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said Mauritius did not focus on division, but rather on unity.  Recently there had been no complaints registered for acts of racial discrimination and racist hate speech.  There had been a case of stirring racial hatred where the perpetrator was sentenced to two years in prison in 2022. 

    The political agreement reached in October for the Chagossian people did not set out the various elements of the treaty. Mauritius was trying to move away from the divisions imposed by colonial masters.  All communities were aware that whichever Government was in power ensured the equality of all segments of the population.  Mauritius had no definite plans yet for the Second Decade of People of African Descent. 

    While English was the primary language in courts, French and Creole were also accepted.  Around 90 per cent of people in Mauritius understood the Creole language and it was used in the courts.  Government documents were in English.  There was a dedicated channel for Parliament and Mauritius was looking into setting up a second channel which carried a simultaneous translation of proceedings in Parliament into Creole. 

    Mauritius was in the process of finalising with Great Britain the return of the Chagos Archipelago.  The United Kingdom had to have the support of the United States before coming to terms with Mauritius.  It was expected that the terms would result in a positive outcome. 

    Questions by Committee Experts

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, said the Committee discussed the topic of different ethnic groups in Mauritius, solely to ensure that some were not receiving preferential treatment.  Could data be provided on migrant workers and how they were being taken care of?  What measures had Mauritius taken in terms of training, education, culture, information and awareness about the Convention, the human rights provisions in the Constitution of Mauritius, and other laws in Mauritius?  Were issues of human rights covered in the curriculum at primary, secondary and tertiary level?  How was Mauritius combatting racial discrimination through school curricula, university programmes and teacher training? 

    Could more information be provided on judicial authorities, jurisprudence and judgments on matters of racial discrimination, including the principles of the Convention?  What human rights training was offered to law enforcement agencies? What measures would be taken to ensure that non-governmental organizations and the national human rights institution fully participated in human rights education and awareness? 

    Reports indicated that the Government had decreased funding for protection and assistance services to victims of human trafficking, including sex trafficking.  What measures had been taken to make sure there was adequate funding to combat trafficking, including providing protection and assistance services to victims?  What programmes had the State rolled out for providing education to combat human trafficking?  There had been difficulties reported in accessing healthcare for irregular migrants, stateless persons and asylum seekers, who might not have access to the National Health Insurance Card.  What programmes had been implemented to provide human rights awareness on matters of healthcare?

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said reports relating to discrimination of migrant workers regarding healthcare were unfounded as everyone in Mauritius was afforded free public healthcare, whether they were a migrant or not. Mauritius had not hidden from the prejudices within its society.  Human rights principles were embedded in formal school curricula.  In 2024, the National Human Rights Commission conducted public campaigns reaching over 100,000 individuals, including parents, students and teachers, and had also produced materials, including the translation of the Universal Declaration of Human Rights into Creole. Non-governmental organizations had provided input into important State documents, including the national human rights plan, as well as in preparation for the Universal Periodic Review. 

    Questions by Committee Experts

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, said the law in Mauritius prevented internet users from posting anything that could cause “annoyance, humiliation, inconvenience, distress or anxiety to any person” on social media.  Anyone found guilty faced up to 10 years’ imprisonment. There were reports that police arrested two people on allegations of drug trafficking because they made critical comments against the Government or police.  What was the outcome of these cases?  What measures was the State taking to ensure citizens were not punished merely for criticising the State through expressing freedom opinion?  Had the cases of three journalists from the Defi Media group who filed complaints of harassment been addressed?  How was it ensured that journalists could operate freely in Mauritius?  It was reported that many buildings in Mauritius remained inaccessible to persons with disabilities; what was the Government doing to overcome this? 

    A Committee Expert applauded the efforts of the State party to create a harmonious society out of the calamity of colonialism. 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said the two cases of those arrested in relation to drug charges were high profile cases in Mauritius and were ongoing.  The accused had been extremely critical of the previous regime.  There had been no prosecutions of alleged drug offences so far. The journalists arrested were also extremely critical of the previous regime, and due to the usual process adopted by that regime, they were attacked.  The inquiry had not yet been completed, and if there was enough evidence to convict the persons behind the cowardly attacks on these journalists, appropriate actions would be taken.

    Questions by a Committee Expert

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, said French and English were considered de facto languages of Mauritius.  What measures was the Government taking to ensure all languages were recognised in Mauritius?  Was there recognition of the various groups, including Chagossians in the country? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said all courtrooms in Mauritius provided adequate access for persons with disabilities.  Irrespective of the descent of any Mauritian, more than 90 per cent of the population understood and spoke Creole.  The State had begun translating the Convention against Torture into Creole and would eventually work to translate all other Conventions into Creole. 

    Closing Remarks

    FAITH DIKELEDI PANSY TLAKULA, Committee Expert and Follow-up Rapporteur, said the Committee would send concluding observations which contained a follow-up for recommendations which needed to be implemented within one year. 

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, extended sincere thanks and appreciation to the delegation for the interactive dialogue.  The Government of Mauritius should be commended on its reassessed approach to the review which contributed to the quality of the exchange.  The delegation had delivered on its pledge to ensure openness and accountability, and the State party’s commitment to continuity was appreciated. 

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, thanked everyone who had been involved in the dialogue. 

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, extended thanks for the dialogue which had taken place.  Mauritius viewed this exchange as an opportunity to reflect openly and recommit the State to the principles of the Convention.  The contribution of Committee member Yeung Sik Yuen Yeung Kam John was very much appreciated.  Mauritius had celebrated the richness of its cultural heritage and honoured the memory of historical injustices.  The establishment of a Constitutional Review Commission marked an important step forward. History left long shadows, but Mauritius believed that progress was possible.  The State was committed to achieving unity, dignity and justice for all. 

    MICHAL BALCERZAK, Committee Chair, thanked all for the dialogue.  During these turbulent times, it was important to celebrate 60 years of the Convention, and the Committee looked to Mauritius to join them in these celebrations. It would be a good opportunity for Mauritius to consider accepting article 14 of the Convention on individual communications.   

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

    Follow UNIS Geneva on: Website | Facebook | Twitter | YouTube |Flickr

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: WAVES 2025 Opens with discussion on “Legends & Legacies: The Stories That Shaped India’s Soul”

    Source: Government of India

    WAVES 2025 Opens with discussion on “Legends & Legacies: The Stories That Shaped India’s Soul”

    “WAVES is a beautiful initiative by the Government of India. I’m glad to be part of it:” Hema Malini

    “I don’t differentiate between art and commercial cinema – it’s storytelling that moves people:” Mohanlal

    “Acting has been my first love since childhood:” Chiranjeevi

    Posted On: 01 MAY 2025 4:32PM by PIB Mumbai

    Mumbai, 1 May 2025

     

    The first-ever World Audio Visual & Entertainment Summit (WAVES) commenced in grand style at the iconic Jio World Centre, Mumbai, with a power-packed panel discussion titled “Legends & Legacies: The Stories That Shaped India’s Soul.” The session brought together some of India’s most revered cinematic icons in a captivating discussion on storytelling, creativity, and cultural legacy.

    The inaugural panel featured acclaimed luminaries – Hema Malini, Mohanlal, and Chiranjeevi, and was moderated by superstar Akshay Kumar.

    Speaking on the occasion, dream girl, Hema Malini expressed heartfelt admiration for the initiative, stating, “it’s a beautiful initiative by the Government of India. I’m glad to be part of it. Thanks to Prime Minister Modi – his vision and leadership have made WAVES a remarkable platform for creators and innovators.”

    Celebrated Malayalam Actor Mohanlal shared insights on the evolving nature of cinema. He said that the line is very thin between art cinema and entertainment cinema as art films have also entertainment value. “I don’t differentiate between art and commercial cinema – it’s storytelling that moves people”, flagged the ace actor.

    Veteran actor Chiranjeevi shared a heartfelt reflection on his cinematic journey, marked by unwavering passion and relentless pursuit of excellence. Recounting his early aspirations, he said, “Acting has been my first love since childhood. I was always driven by the desire to hit the bull’s eye. I constantly asked myself—what unique element can I bring to become a better actor?”

    Emphasizing his commitment to authenticity, Chiranjeevi expressed a deep desire to stay grounded and relatable. “I’ve always wanted audiences to see me as the boy next door. That’s why I strive to keep my performances as natural and genuine as possible,” he affirmed. He also paid tribute to the legends who shaped his craft, acknowledging the profound influence of cinematic icons like Mithun Chakraborty, Amitabh Bachchan, and Kamal Haasan on his evolution as an artist.

    The discussion was a poignant blend of personal reflections and shared legacies, offering the audience a rare glimpse into the minds and hearts of India’s cinematic greats.

     

    * * *

    PIB TEAM WAVES 2025 | Rajith/ Swadhin/ Lekshmipriya/ Darshana | 124

    सोशल मिडियावर आम्हाला फॉलो करा: @PIBMumbai    /PIBMumbai     /pibmumbai   pibmumbai[at]gmail[dot]com  /PIBMumbai     /pibmumbai

    (Release ID: 2125782) Visitor Counter : 88

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Inaugurates ‘Corporate Bhavan’ in Kolkata; New Multi-Office Facility brings MCA Departments Under One Roof

    Source: Government of India

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Inaugurates ‘Corporate Bhavan’ in Kolkata; New Multi-Office Facility brings MCA Departments Under One Roof

    New Seven-Storey Corporate Bhavan Features Smart Design and Green Infrastructure

    Country’s First Facilitation Centre of Prime Minister Internship Scheme (PMIS) also Launched at Corporate Bhavan, Kolkata; aims to Connect Youth with Corporate Internship Opportunities

    Posted On: 01 MAY 2025 4:30PM by PIB Delhi

    The Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman inaugurated the ‘Corporate Bhavan’ in New Town, Kolkata today. This new facility will house different offices of the Ministry of Corporate Affairs, including Regional Directorate (East), Registrar of Companies, Official Liquidator, SFIO, NCLT (Kolkata Bench) and IBBI under one roof.

    Speaking on the Occasion, Smt. Nirmala Sitharaman said that Corporate Bhawan will become a true single-window interface for companies, insolvency professionals, auditors, startups, and investors seeking timely corporate regulatory services.

    The consolidation of services at the Corporate Bhawan will help significantly cut costs, accelerate approval process, and improve operational efficiency – all of which will help enhance Ease of Doing Business, Smt. Nirmala Sitharaman added.

    Addressing officers of the Ministry of Corporate Affairs, Smt. Nirmala Sitharaman also stated that our regulatory frameworks must not only safeguard good governance but also enable enterprise, encourage formalisation, and build trust in our systems.

    The Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman said that the first ever ‘Prime Minister Internship Scheme (PMIS) Facilitation Centre’ is also located in the Corporate Bhavan, Kolkata. It will help the aspiring Interns in getting the information and issues related to their application.

    The seven stories building has a built-up area of about 13,239 square meters and the total project costed around Rs. 150.43 crores. It is designed with a focus on energy efficiency, waste recycling, smart parking, and the well-being of its occupants. Equipped with CO2 sensors in the AHU, the building ensures proper indoor air quality.

    The event celebrated the launch of the first ever ‘Prime Minister Internship Scheme (PMIS) Facilitation Centre’ on the 7th floor of the Corporate Bhawan.

     

    The MCA CII PMIS Centre, a collaborative initiative between the Ministry of Corporate Affairs (MCA) and  Confederation of Indian Industry (CII), aims to connect eligible youth (aged 21-24) with internship opportunities offered by participating companies. Through a dedicated three-member team, the centre will focus on identifying eligible candidates who are not in full-time education or employment, providing comprehensive guidance, and facilitating their registration and application in the PM Internship Scheme.

    The PMIS Facilitation Centre shall :

    − Facilitate PMIS registration and application process for eligible candidates

    − Provide professional career counselling and guidance

    − Match candidate qualifications and interests with suitable internship opportunities

    − Create awareness about professional opportunities through outreach programmes

    *****

    NB/AD

    (Release ID: 2125779) Visitor Counter : 140

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: NHRC, India calls for preventive measures by 11 States to protect the lives of vulnerable people from heat waves in this summer

    Source: Government of India

    NHRC, India calls for preventive measures by 11 States to protect the lives of vulnerable people from heat waves in this summer

    Highlights the NCRB data of 3,798 deaths between 2018 to 2022 due to heat and sun strokes

    Emphasizes the risk to the economically weaker sections, outdoor workers, the elderly, children, and particularly the homeless, due to the lack of adequate shelter and resources

    Calls for action taken reports to deal with the heat waves as per the existing SOPs in the States, or the NDMA guidelines

    Posted On: 01 MAY 2025 4:28PM by PIB Delhi

    In view of the heatwaves during summer particularly in the northern, central and western parts of the country, the National Human Rights Commission (NHRC) has asked the 11 states to take immediate preemptive measures to protect the vulnerable people especially economically weaker sections, outdoor workers, the elderly, children, and the homeless, who are at risk due to the lack of adequate shelter and resources. Highlighting NCRB data about the reported deaths of 3,798 persons between 2018 to 2022 due to heat and sun strokes, the Commission has emphasized the urgent need for integrated and inclusive measures.

    The Commission in a letter to the Chief Secretaries of Punjab, Haryana, Uttar Pradesh, Bihar, Jharkhand, West Bengal, Odisha, Andhra Pradesh, Telangana, Maharashtra, and Rajasthan, has called for provisioning of shelters, supply of relief materials, amendment of working hours and availability of standard procedures for treating heat-related illnesses.

    In its communication to the States, the Commission has reiterated the NDMA guidelines to mitigate the impacts of heat waves, which include:

    • Establishing and implementing standard procedures for treating heat-related illnesses and treatment protocols;

    • Activate public spaces such as schools, anganwadi centres, and community halls with adequate ventilation, fans, drinking water, and basic medical supplies;

    • Supply fans, cool roof materials, and ORS sachets to families in informal settlements and labour colonies; and

    • Amend working hours, provide shaded rest zones, hydration support, and encourage the use of protective clothing.

    These states have been asked to submit action taken reports to protect the lives of those vulnerable to heat waves as per existing Standard Operating Procedures (SOPs) or guidelines issued by the National Disaster Management Authority (NDMA) to States to mitigate the impact of heat waves.

    ***

    NSK

    (Release ID: 2125777) Visitor Counter : 140

    MIL OSI Asia Pacific News