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Category: Business

  • MIL-OSI Africa: Creative Africa Nexus (CANEX) announces 2nd Edition of The Prize for Publishing in Africa

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

    CAIRO, Egypt, March 22, 2025/APO Group/ —

    Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) (www.Afreximbank.com) invites African publishers of trade books to apply for the second edition of the CANEX Book Factory Prize for Publishing in Africa.

    The initiative, developed in partnership with Narrative Landscape Press Limited, underscores the commitment of Afreximbank through the CANEX Book Factory to showcasing of the literary and publishing value chain in Africa, and developing literary talent across the continent and its diaspora. The inaugural edition saw Cassava Republic Press, win the Prize in 2024 for the “Female Fear Factory: Unveiling Patriarchy’s Culture of Violence,” by Pumla Dineo Gqola.

    The CANEX Book Factory Prize for Publishing in Africa is designed to celebrate and recognise the outstanding contributions of African publishers and authors to the literary world. The total prize fund is $28,000, with $20,000 awarded to the winner and $2,000 distributed to each of the four finalists. The prize is open to trade books published by Africa-domiciled publishers in the year preceding the prize, in one or more of the official languages of the African Union: Arabic, English, French, Portuguese, Spanish, Swahili, and any other African language.

    Submissions will be judged on the quality of writing, editing and production. Priority will be given to books printed and produced on the African continent, as well as to books published in indigenous African languages. Interested publishers should visit https://apo-opa.co/4hsvFVy to register, with entries open from 17 March – 30 April 2025.

    The CANEX Book Factory is an annual programme of events under Afreximbank’s Creative Africa Nexus initiative. This year’s programme will culminate in an awards ceremony at the fourth edition of the Intra-African Trade Fair (IATF) (https://apo-opa.co/4hwpf7R), Africa’s premier trade and investment event, taking place in Algiers, Algeria from 4 – 10 September 2025.

    During the week-long fair, more than 2,000 exhibitors, including businesses from the African continent and globally, will be showcasing their goods and services to the visitors and buyers while exploring opportunities and exchanging information. This is projected to translate into over US$44 billion in trade and investment deals.

    Mrs. Kanayo Awani, Executive Vice President, Intra African Trade and Export Development, Afreximbank, said, “We are delighted to announce the 2025 CANEX Book Factory Prize for Publishing in Africa. Building on last year’s successful edition, this landmark initiative celebrates African publishing excellence. Through the CANEX Book Factory, we aim to put a spotlight on the enormous contribution of African authors and publishers to Africa’s cultural identity and economy.”

    Dr Eghosa Imasuen, co-founder of Narrative Landscape Press Limited and Programme Manager for the CANEX Book Factory, said, “The first edition of the Prize greatly underscored the necessity of this intervention in the publishing value chain in Africa. We are grateful to Afreximbank and CANEX for their ongoing support of African publishing. We are excited to launch this second edition, and we hope to see submissions from more publishers across the continent than in the inaugural edition.”

    MIL OSI Africa –

  • MIL-OSI: XRP Insiders Are Buying XploraDEX $XPL Token—The First AI-Powered DEX on XRP, You Can’t Afford To Miss The PreSale

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, March 22, 2025 (GLOBE NEWSWIRE) — The XRP ecosystem is experiencing a seismic shift as the launch of XploraDEX, the first AI-powered decentralized exchange on XRPL, fuels a massive wave of whale accumulation. With the $XPL Token Presale in full swing, demand is exploding and insiders are calling it one of the most promising DeFi launches of the year.

    What’s driving the surge? AI-powered trading. Lightning-fast execution. Real-time market intelligence. And the potential for 100x returns that only come around once in a crypto cycle.

    [GET $XPL TOKENS NOW]

    The Rise of AI Trading and Why XPL Is the Opportunity of a Lifetime

    The crypto space is evolving, and AI is leading the next wave of innovation. Traditional DeFi protocols are struggling to keep up with the volatility and complexity of today’s markets. XploraDEX solves that with a trading platform that thinks for you literally.

    Here’s why XPL is capturing serious attention

    AI-Powered Execution – Trades are executed based on real-time machine learning insights, not human emotions.

    Predictive Market Analytics – AI forecasts price trends before they happen, giving traders the edge.

    HFT & Arbitrage Bots – Capture micro-profit opportunities across XRPL with lightning-fast AI automation.

    Whale-Grade Liquidity Optimization – AI ensures efficient trade routing with minimal slippage.

    Decentralized. Permissionless. Lightning Fast. All built natively on XRP Ledger.

    BUY $XPL TOKENS ON PRESALE

    Why Whales Are Loading Up on $XPL

    Crypto whales are not known for emotional decisions. They follow volume, data, and emerging infrastructure, and right now, they’re betting big on $XPL.

    Here’s what they see:

    -Ground-floor access to AI trading tools before mass adoption

    -Deflationary tokenomics that reward early participants

    -Governance rights over future AI model updates and platform features

    -First-mover advantage on XRPL’s most innovative trading protocol

    They’re not just investing, they’re positioning. Because when the rest of the market catches on, $XPL Token could already be up 10x.

    The $XPL Presale Is Heating Up – Don’t Miss Your Entry

    The $XPL Token Presale is your only chance to buy in before the official DEX launch and market listing. Once it’s over, the price discovery phase begins—and history shows that’s when tokens explode.

    Key Presale Highlights:

    • Limited supply available to early participants
    • Staking rewards and trading fee discounts for holders
    • Access to exclusive AI dashboards and trading tools
    • Governance participation for shaping XploraDEX’s future

    Supplies are shrinking. Demand is surging. And the whales are already in.

    Buy $XPL Tokens Now: https://sale.xploradex.io

    Don’t Watch from the Sidelines, Get Your $XPL Tokens Before It’s Too Late

    Whether you’re an XRP OG, a DeFi enthusiast, or an AI tech believer, this is your moment. XploraDEX is the first of its kind on XRPL, and $XPL is your early pass to the AI-powered trading revolution.

    Join the presale today: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

    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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/82382bbd-2192-4404-bffe-1500d4232d49

    The MIL Network –

  • MIL-OSI: Life Line Screening Reviews: What You Need To Know?

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, March 22, 2025 (GLOBE NEWSWIRE) — You may have come across plenty of Life Line Screening reviews and articles. But not all of them come with the required information that you need. As such, we share with you this thoroughly researched Life Line Screening review. Here, we share with you real insights from customers, why you should use Life Line Screening and Life Line Screening scam alerts, if any. Visit The Website Of Life Line Screening To Learn More >>

    Life Line Screening is a very popular preventive health screening service. But, some people are skeptical regarding it. What is included in the service, and what are the pros and cons? In this article, we will cover everything that you need to know about Life Line Screening, plus real reviews.

    As we reveal several important points, we will also reveal Life Line Screening customer reviews and frequently asked questions.

    What is Life Line Screening?

    Life Line Screening is a preventive health screening company. The company began in 1993 and has screened over 10 million people in the United States. Each year about 700,000 people attend Life Line Screening events to get peace of mind or early detection for their risk of stroke and cardiovascular disease.

    Life Line Screening events take place all around the United States, excluding Alaska and Hawaii. Over the years, the company added several screenings for additional health concerns, such as diabetes and cholesterol.

    Life Line Screening allows people to choose from more than 14,000 screening locations at an affordable price. Some of the benefits that Life Line Screening offers are convenient locations, accurate screenings and affordable prices. Screenings are easy, painless and non-invasive. There is a wide selection of screenings to pick from and all the screenings use state-of-the-art technology.

    =>(Special Package Pricing) Get an Appointment on the Site of Life Line Screening

    What is included in Life Line Screening?

    In this section, we will list the most common package at Life Line Screening, what to expect at your appointment, and the Life Line Screening preparation instructions.

    These painless and non-invasive screenings can identify risks that lead to stroke and cardiovascular disease, including carotid artery disease, peripheral arterial disease, abdominal aortic aneurysm and atrial fibrillation.

    One of the common questions people ask is how Life Line Screening differs from getting these tests through your doctor. Often, if you are asymptomatic, your insurance company won’t cover preventive health screenings. As a result, your doctor or hospital may charge over $1,000 for one screening. Life Line Screening offers a package of 4 preventive health screenings for an affordable price and is intended for asymptomatic people in order to provide early detection or peace of mind.

    The best part is that Life Line Screening has locations all across the United States, excluding Alaska and Hawaii. Getting started is very easy as there are over 14,000 Life Line Screening locations to choose from. You can find screening locations near you by entering your zip code on their website. All the available appointments near you over the next 12 weeks will be listed and you can select the best option for your schedule.

    Once you select your location, date and time, the next page is where you enter your personal information and credit card to reserve your appointment. Upon confirming your appointment, you will receive detailed instructions on how to prepare for the screening.

    Does Life Line Screening Work?

    Each year about 700,000 people across the continental United States use Life Line Screening to gain peace of mind or early detection. So, if you are wondering if Life Line Screening is worth your time, the answer is Yes. It is considered one of the highest quality preventive screening companies for people age 40 and older, and is affordable, convenient and provides accurate results.

    When writing this piece, we have done a thorough analysis of Life Line Screening to see if there are any scam alerts and we also researched several Life Line Screening reviews. It must be noted that many skeptical consumers came to the realization that Life Line Screening really works and identified their risk for illnesses.

    Why Use Life Line Screening?

    Life Line Screening is one of the most comprehensive preventive screening services available to people in the United States. More than 10 million people have participated in a Life Line Screening since 1993.

    Here are the reasons why you should consider and use Life Line Screening.

    • The screening service offered by Life Line Screening is affordable.
    • Highly trained technicians perform the screenings.
    • Screenings are painless and noninvasive.
    • Screenings provide peace of mind or early detection; both are a good thing.
    • Screenings are conveniently located in your neighborhood.
    • Life Line Screening is an established company conducting millions of screenings in over 25 years of business.

    Life Line Screening Benefits

    Life Line Screening offers benefits for both mind and body. It can detect serious illness and disease before symptoms arise. Here are some other benefits that come with Life Line Screening.

    • Preventive Health Care:

    Life Line Screening helps identify serious health risks such as stroke and cardiovascular disease. Many serious illnesses don’t have apparent symptoms in the early stages.

    • Enjoy Peace of Mind:

    Screenings provide early detection or peace of mind. Regular screenings are important as your health changes over time.

    • Reduce Potential Costs:

    Finding out if you have a health problem or risk that may lead to serious complications enables you to work with a physician to take action. Being proactive can reduce potential medical costs down the road. Screenings provide peace of mind or early detection, both are priceless.

    • Flexible Screening Locations and Dates:

    One of the best things is the convenient screening locations and dates which you can pick from. Life Line Screening has over 14,000 locations across the continental United States, they make it easy for everyone to attend a screening. They also offer affordable screening packages.

    =>(Special Package Pricing) Get an Appointment on the Site of Life Line Screening

    Life Line Screening Pros And Cons

    Just like any screening program, Life Line Screening has both positive and negative points. In this section, we will share the Life Line Screening pros and cons that you must consider before making your appointment.

    Pros:

    • Preventive health screenings provide peace of mind or early detection.
    • Screenings provide early detection of stroke and cardiovascular disease risk.
    • Screening packages are affordable.
    • Highly trained technicians perform the screenings.
    • Life Line Screening has over 14,000 locations across the continental United States.
    • A screening can be performed at a suitable time and location that is convenient for you.

    Cons:

    • Life Line Screening is only available in the USA, excluding Alaska and Hawaii.
    • Life Line Screening is not covered by insurance.

    Are Preventive Health Screenings Right For You?

    Life Line Screening is a preventive health screening company. Preventive health screenings can be extremely beneficial when you bring your results to your physician and take action, if necessary.

    The most common package at Life Line Screening includes 4 screenings:

    • Carotid Artery Screening
    • Abdominal Aortic Aneurysm Screening
    • Atrial Fibrillation Screening
    • Peripheral Arterial Disease Screening

    This screening package is recommended for anyone age 40 or older.

    Is Life Line Screening a Scam?

    When compiling this thorough review, we have gone through plenty of reviews and Life Line Screening scam alerts. Life Line Screening is a legit company that has been screening millions of people since its inception. The company has been in business over 20 years and has a strong positive reputation in the preventive health industry.

    Life Line Screening Real Customer Reviews

    • “I am 60 years old and had a screening in May 2019 and found my right carotid artery was 70% blocked. I had no symptoms. Took the results to my doctor then to a vascular surgeon who ran his own tests. I had surgery 5 weeks ago and it was a success. You can’t put a price on health. Thank you Life Line Screening.” –Kim, Illinois.
    • “Even though I feel fine, I am at risk and wanted to get checked and be proactive about my health.” -D. Whitehead, Georgia.
    • “Life Line Screening is the only reason I’m alive today. They found the abdominal aortic aneurysm which was monitored until it got to the size that required surgery and now it is stronger than before. I recommend everyone over 50 to get checked and this is the least expensive way to get a clean bill of health that will ease your mind and maybe save your life.” –Cliff, Missouri.
    • “The doctor said I was a “walking time bomb”… I know that the screening saved my life…” -A. Bay, Tennessee.

    The testimonials reflect real life stories from Life Line Screening customers. Testimonials that include abnormal findings may not reflect the typical experience since most screening results are normal.

    Life Line Screening Reviews—Final Words

    What sets Life Line Screening apart is the ability to provide accurate preventive health screenings for people age 40 and older in the United States at an affordable price. Every year, the company has been providing high-quality preventive screenings at very affordable rates. That’s part of the reason why you will find many positive Life Line Screening reviews. Also, Life Line Screening makes it very easy to schedule your appointment.

    =>(Special Package Pricing) Get an Appointment on the Site of Life Line Screening

    The FAQs About Life Line Screening

    • Is Life Line Screening a Scam?

    Life Line Screening is not a scam. It is a respected company in the preventive health screening industry. The company has been providing its services since 1993 and continues to screen about 700,000 people each year. The company is legit and conducts over 14,000 screening events across the United States each year. Many satisfied participants share good words and positive reviews about Life Line Screening. As such, if you are skeptical about the company, there is nothing to worry about.

    • How accurate is Life Line Screening?

    Highly trained technicians perform the screenings using state-of-the-art equipment. Most screening results are reviewed by a board-certified physician before they are shared with participants.

    • Is Life Line Screening a good thing to do?

    Screenings are recommended for anyone age 40 and older, and Life Line Screening is a reputable company to use. Screenings provide peace of mind or early detection. Millions of Americans have used Life Line Screening.

    • Is Life Line Screening worth the cost?

    Finding out if you have a health problem or risk that may lead to serious complications enables you to work with a physician to take action. Being proactive can reduce potential medical costs down the road. Screenings provide peace of mind or early detection, both are priceless.

    • Is Life Line Screening a legitimate business?

    Life Line Screening is undoubtedly a legitimate business.

    • How do I find a Life Line Screening location near me?

    The company provides over 14,000 screening events across the United States each year. Click Here to Get Special Pricing on a Life Line Screening Package!

    • What do you wear to Life Line Screening?

    After receiving a Life Line Screening appointment confirmation, the company sends all the required information on how to prepare for the screening.

    Read More: Life Line Screening Reviews

    About: RobustAlive

    RobustAlive shares e-commerce and sales news, product reviews, and the latest news on various products.

    Media Contact: admin@robustalive.com

    RobustAlive provides this review for informational purposes only. The information does not constitute advice or an offer to buy. Any purchase done from this story is done at your own risk. Consult an expert advisor/health professional before any such purchase. Any purchase done from this link is subject to the final terms and conditions of the website that is selling the product. The content on this release does not take any responsibility directly or indirectly.

    Affiliate Disclosure:
    The links contained in this product review may result in a small commission to RobustAlive if you opt to purchase the product recommended at no additional cost to you. This goes towards supporting our research and editorial team and please know we only recommend high-quality products.

    Disclaimer:
    Please understand that any advice or guidelines revealed here are not even remotely a substitute for sound medical advice from a licensed healthcare provider. Make sure to consult with a professional physician before making any purchasing decision if you use medications or have concerns following the review details shared above. Individual results may vary as the statements made regarding these products have not been evaluated by the Food and Drug Administration. The efficacy of these products has not been confirmed by FDA-approved research. These products are not intended to diagnose, treat, cure, or prevent any disease.

    Product support: info@llsa.com

    Life Line Screening
    Barton Oaks Plaza 2, Suite 130
    901 South Mopac Expressway
    Austin, TX 78746

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3ac11881-bee6-4d1f-ad1d-f7e464bd869f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c30970c6-aded-4bac-9d10-1d64aca9ceac

    The MIL Network –

  • MIL-OSI Economics: World Tuberculosis Day 2025: Funding cuts threaten global TB control efforts, says GlobalData

    Source: GlobalData

    World Tuberculosis Day 2025: Funding cuts threaten global TB control efforts, says GlobalData

    Posted in Pharma

    World Tuberculosis (TB) Day is marked annually on 24 March, the anniversary of the discovery of the causative mycobacterium by Dr Robert Koch. This year’s theme – “Yes! We Can End TB: Commit, Invest, Deliver” – serves as an important reminder of the need for continued investment and funding in order to end the TB epidemic.* This follows the recent funding cuts to TB programs, particularly from the US, that raise serious concerns about the future of TB control and treatment efforts, says GlobalData, a leading data and analytics company.

    TB is responsible for more deaths worldwide than any other infectious disease, claiming approximately 1.25 million lives in 2023 alone according to the World Health Organization. The US Agency for International Development (USAID) has historically been the largest bilateral donor to TB programs, contributing approximately $250 million annually. This funding has been instrumental in supporting the essential TB services, particularly in high-burden countries. However, sharp reductions in aid have disrupted TB programs worldwide, with Africa and South-East Asia among the hardest-hit regions.

    Abigail Harris, Infectious Disease Analyst at GlobalData, comments: “Funding cuts of this magnitude will directly impact access to TB diagnosis, treatment, and prevention, leaving millions vulnerable to disease progression and death. Without urgent intervention, we risk undoing decades of progress in TB elimination.”

    A major concern arising from these funding cuts is the potential for increased drug-resistant TB (DR-TB) cases. Inconsistent treatment due to financial constraints can lead to incomplete therapy, allowing the TB bacterium to develop resistance to standard drugs. DR-TB is significantly more challenging and expensive to treat.

    Harris continues: “If we allow funding gaps to persist, we risk facing an even deadlier TB crisis, where highly resistant strains, which require more prolonged and costly treatment, become more prevalent. The global health community must act swiftly to ensure continued access to treatment and accelerate research into new, effective therapies.”

    The World Health Organization (WHO) has urged immediate action to close the TB funding gap and meet global TB targets, including expanding diagnostic access, improving treatment regimens, and advancing vaccine development.

    GlobalData’s pipeline products database reveals a promising TB pipeline with 15 prophylactic vaccines in clinical development. However, continued R&D investment is essential for the most promising candidates to reach the market.

    Harris concludes: “Governments, international donors, and private-sector partners must recognize TB as the global health emergency that it is. Without sustained investment, the disease will claim more lives and pose an increasing threat to global health security.”

    *The United Nations High-level Meeting (UNHLM) on the Fight Against Tuberculosis was held in September 2023, where member states adopted a historic political declaration on TB. This contained the most ambitious targets to date in the fight against this disease and would put the world on track to ending TB by 2030 if countries follow through on their commitments.

    MIL OSI Economics –

  • MIL-OSI Video: Europe’s Water Crisis: 4 Effective Solutions

    Source: European Commission (video statements)

    The water crisis in Europe is reaching critical levels. Which water issue affects you most? Is it water scarcity, devastating floods, dangerous pollution, or poor water management? In this video, we delve into the urgent challenges facing the European Union’s water resources and explore 4 effective solutions proposed by the European Commission.

    For more information on the state of Europe’s water follow this link: https://europa.eu/!mV6qcM

    Watch on the Audiovisual Portal of the European Commission: https://audiovisual.ec.europa.eu/en/video/I-269721
    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    00:27 Floods and solutions to them
    01:05 Droughts and possible solutions
    01:30 Pollution and how to tackle it
    02:04 Wasting Fresh Water and how to stop this

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

    MIL OSI Video –

  • MIL-OSI Australia: Festive light displays in Canberra

    Source: Northern Territory Police and Fire Services

    Canberrans love their festive lights.

    In brief:

    • Festive light displays are very popular in Canberra.
    • Being safe and respectful makes things more fun for everyone.
    • This article includes tips for those who want to enjoy the displays this year.

    For many Canberrans, the festive period is their time to shine.

    From northside to south, the city hosts many spectacular festive light displays each year. These can bring delight and unify the community.

    Enjoying them safely and respectfully makes the experience more fun for everybody.

    Here are some top tips for Canberrans keen to enjoy the displays this year. Read on, whether you’re planning your own display or following the lights throughout the ACT.

    Tips for organising a festive light display

    • If you’re planning a significant light display, tell your neighbours ahead of time. Let them know how you will manage any light or noise concerns.
    • Direct any spotlights or bright lights away from your neighbours’. Be sure to turn off your display at a reasonable time.
    • If your display makes noise, keep the volume below 45 decibels. If it can be heard at your neighbour’s house, it’s too loud.
    • Most displays do not need any ACT Government involvement. However, it may be considered a ‘special event’ if:
      • you’re hosting a big display
      • encouraging large numbers of visitors
      • selling food, drink or merchandise.
    • Think your festive light display may be considered a ‘special event’? Call the Access Canberra Event Coordination and Business Assist team on (02) 6205 4400 or email ACEvents@act.gov.au. You can also visit the Access Canberra website.

    Tips for visiting a festive light display

    • If you’re driving, take care when parking. Parking laws apply in residential areas. Do not park on people’s properties or nature strips. Take care not to block access to neighbouring driveways.
    • Be aware of fellow motorists, and pedestrians including children and dogs.
    • Follow the road rules and don’t cause traffic congestion.
    • Consider using public transport to reach your location. You could also cycle, walk or use a scooter.
    • Remember, littering of any kind, including cigarette butts, is illegal.
    • Bringing your dog? Pick up after it and be sure to keep it on-lead except in designated off-leash areas.

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News –

  • MIL-OSI Australia: CIT launches checkout-free store

    Source: Northern Territory Police and Fire Services

    Amazon’s Just Walk Out technology uses AI to determine what shoppers take or return to shelves.

    CIT Bruce has launched a new campus convenience store, YalaPlus, enabled by Amazon’s Just Walk Out technology.

    The Canberra Institute of Technology (CIT) is the first education institution in the southern hemisphere to use the technology.

    Amazon’s Just Walk Out technology uses AI to determine what shoppers take or return to shelves.

    Computer vision and deep learning techniques simplify the shopping experience by removing checkout lines, helping students get in and out quickly.

    The technology uses synthetic datasets that mimic millions of realistic shopping scenarios to ensure accuracy in virtually any environment.

    Professional services company Cognizant helped provide the solution integration to ensure seamless payment options for students.

    At YalaPlus, students enter the store using their credit card or mobile wallet at the entry gate.

    Amazon’s Just Walk Out technology then detects what they take from or return to the shelves and creates a virtual shopping session.

    When students complete their shopping, they can leave the store without waiting in line, and their credit card is charged for the items they take.

    CIT Student Association chief executive officer Andrew Scotford said the innovative stores would create an improved and more flexible student experience.

    “Amazon’s Just Walk Out technology will benefit all students, especially those studying outside of regular business hours,” he said.

    “Many CIT students are balancing work, study and training, so flexibility and accessibility are important to them.

    “There are also 48 students who live on the CIT Bruce Campus that don’t have easy access to nearby shopping. YalaPlus now offers convenient access to products such as food, beverages and other essential items.”

    CIT interim chief executive officer Christine Robertson says the Institute, now in its 95th year, is entering an exciting era of progress.

    “CIT will open a new state-of-the-art, digitally connected Woden CIT campus in 2025, but innovation doesn’t wait. We’re committed to uplifting our existing facilities and experiences for students and staff,” she said.

    The Student Association also plans to open two more stores at CIT campuses, at Fyshwick and at Bruce, in early 2024.

    Melbourne’s Marvel Stadium is home to two other locations using this technology in Australia.

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News –

  • MIL-OSI Australia: Outdoor dining permits made easier

    Source: Northern Territory Police and Fire Services

    Additional outdoor dining opportunities will allow more Canberrans to enjoy the warm weather over summer.

    The ACT Government is making it even easier for businesses to provide outdoor dining by offering a one-day turnaround on simple applications this summer.

    Outdoor dining permits will now allow food businesses to use public space adjacent to their premises, subject to certain conditions being met, while applications for ongoing use are being considered.

    The current process has a turnaround of approximately 10 business days, depending on the complexity of the application.

    The fast-track permits will provide timely and streamlined processes for applicants, making it easier for existing restaurants, cafés, and other food-based businesses to expand their trading spaces outdoors.

    The new scheme forms part of the ACT Government’s broader reform program to improve regulation, making it even easier for businesses to activate public spaces and grow their business.

    In addition, more outdoor dining opportunities will allow more Canberrans to enjoy the warm weather over summer.

    Outdoor dining permit approval will depend upon availability of public unleased land adjacent to the premise.

    Any furniture that is not fixed to the ground will need to be removed outside of operating times.

    Access Canberra’s Event Coordination and Business Assist Team is available to help businesses thrive by assisting them to develop and expand their business opportunities as well as to provide a direct contact point to understand current opportunities and flexibility under ACT legislation.

    It also provides an initial contact point in government to help navigate business and regulatory requirements.

    Businesses or event coordinators can contact the Event Coordination and Business Assist Team directly at ACBusinessTeam@act.gov.au or alternatively by calling 02 6205 4400 between 9am to 5pm, Monday to Friday.

    Further information and scenarios have been added to the Access Canberra website to inform businesses what is allowed under liquor licensing.

    License holders and food businesses will be contacted about opportunities available this summer.

    For more information about outdoor dining and the Event Coordination and Business Assist Team, please visit www.accesscanberra.act.gov.au.

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News –

  • MIL-OSI Australia: Businesswoman of the Year flies high

    Source: Northern Territory Police and Fire Services

    Dr Debbie Saunders, second from right, is the founder and CEO of Wildlife Drones.

    Drones and wildlife may seem like an odd coupling, but for conservation ecologist Dr Debbie Saunders, it has proven to be a real winner.

    Debbie is the founder and CEO of Wildlife Drones, a local Canberra company established in 2016 that is doing something no one else in the world is doing – tracking wildlife with drone technology.

    Her efforts to improve conservation management practices around the world has earnt her a number of accolades, the latest being 2023 Canberra Businesswoman of the Year at the recent Canberra Women in Business Awards.

    “Winning this award is pretty amazing, a real highpoint in my career. It’s nice to be recognised,” she said.

    But for Debbie, it wasn’t always easy.

    “There were a lot of naysayers over the years. People who didn’t really believe in what I was doing. But you can’t worry about that,” she said.

    “I have amazing mentors, and a support network in Canberra. You just need to surround yourself with people who lift you up and believe in you.”

    Wildlife Drones came about after a struggle to track the humble swift parrot.

    “It’s a small animal that moves dynamically across massive landscapes – it’s also critically endangered,” Debbie said.

    “My colleagues had tried to track them before. They would catch them, which is a feat in of itself, put a tag on them but when they released them, they never found them again. All of that effort, and they would just fly away.

    “So if we wanted to track them, we really needed to find a different way.”

    Debbie received an ICON grant to help develop her product (which enabled her to buy her first drone), and took advantage of the many programs and events offered by the Canberra Innovation Network.

    Now, Wildlife Drones is the only company in the world providing this kind of technology, and it’s all manufactured in Canberra.

    Governments, not-for-profits, zoos, environmental consultants and researchers are using Wildlife Drones’ technology to track everything from giant hornets and Burmese pythons in the US, to koalas and bilbies in Australia.

    Debbie says Canberra has been a great place to start up and grow a business, with a supportive innovation ecosystem that has helped her attract investment.

    “Being from wildlife background, I wasn’t sure how to do some things, like a business pitch,” she said.

    “But it’s amazing how many synergies there are between business and research. And that was the moment it clicked for me – I do this all the time, applying for grants is exactly the same thing.

    “I now have an amazing team and work on amazing things. That has been the real game changer, surrounding myself with smart and creative people who are up for the challenge.”

    So, what’s next for Wildlife Drones?

    “So many things,” laughs Debbie.

    “We’re developing a new product and it’s got nothing to do with drones.

    “With the new Global Biodiversity Framework that was signed off, and a lot of countries signed up to, businesses are now required to be accountable in terms of biodiversity. There’s an immense amount of data out there that can be used to help businesses and corporations better understand biodiversity and how to monitor and track over time.

    “We are developing software to help make use of all that data.

    “It’s great to be in a time when biodiversity is front and centre.”

    For more information about the Canberra Innovation Network go to the CBRIN website.

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    MIL OSI News –

  • MIL-OSI Australia: Lights, camera, action! AUSTIN begins filming

    Source: Northern Territory Police and Fire Services

    AUSTIN stars Ben Miller, Michael Theo, and Sally Phillips.

    Cameras have officially started rolling on AUSTIN, a new eight-part ABC comedy series being filmed in Canberra.

    Produced by the award-winning team at Northern Pictures – in partnership with the ABC, Screen Australia, ITV Studios, and Screen Canberra – AUSTIN is the acting debut for Love on the Spectrum fan-favourite Michael Theo, who will star in the series alongside two renowned UK actors, Ben Miller and Sally Phillips.

    About AUSTIN

    When much-loved children’s author Julian Hartswood (Ben Miller) inadvertently causes a social media storm, his career and that of his illustrator wife Ingrid (Sally Phillips) appears to be over. That is until Austin (Michael Theo), the neurodivergent son that Julian never knew existed, turns up out of the blue. 

    Could embracing this modern nuclear family be Julian’s route back from cancellation? Will Ingrid forgive him? One thing is for certain: if Julian thinks Austin is going to be a push over, he’s in for a rude awakening.

    Production brings support for the local screen industry 

    Supported by the ACT Government and Screen Canberra through the CBR Screen Attraction Fund and CBR Screen Investment Fund, this series will be filmed almost entirely in Canberra, with one week of filming in the UK.  

    The 28-day shoot will provide training and employment opportunities for local industry and significant economic expenditure.

    MIL OSI News –

  • MIL-OSI China: Shanghai’s tourism revenue hits record high of 576B yuan in 2024

    Source: China State Council Information Office 3

    East China’s metropolis Shanghai saw a record-breaking tourism revenue of 576.1 billion yuan (about $80.3 billion) in 2024, said authorities on Friday.

    Among the total revenue, domestic tourism revenue achieved approximately 497.3 billion yuan while that of inbound tourism hit nearly $11.1 billion, both hitting a historic high, according to the municipal culture and tourism bureau.

    Last year, Shanghai received 390 million domestic tourist visits and over 6.7 million inbound tourist visits.

    The city recently launched a three-year plan to promote the high-quality development of the tourism industry, aimed at becoming a world-renowned tourist city.

    Following the success of Shanghai Disney Resort, LEGOLAND Shanghai Resort is preparing for its summer opening, while U.S. entertainment company Warner Bros is set to launch a Making of Harry Potter studio tour in Shanghai in 2027.

    The city is leveraging its cruise tourism potential by developing diverse travel products, aiming to establish itself as the premier destination for inbound cruise tourism in China.

    MIL OSI China News –

  • MIL-OSI Germany: Volume of counterfeits in Germany up again | Total loss arising from counterfeits down

    Source: Deutsche Bundesbank in English

    In 2024, the Bundesbank registered approximately 72,400 counterfeit euro banknotes with a nominal value of €4.5 million in German payments. The number of counterfeits was thus up by 28% on the year. 
    “The number of counterfeits detected rose in 2024 but, at the same time, the loss arising from counterfeiting went down. This is because perpetrators have again tended increasingly towards introducing simple counterfeits of low denomination into transactions,” said Burkhard Balz, the Bundesbank Executive Board member whose remit includes cash management. As a result, the total loss arising from counterfeits in 2024 was 12% lower than in the previous year. “Overall, the incidence of counterfeit money remains moderate in scale: statistically speaking, in 2024 there were nine counterfeit banknotes per 10,000 inhabitants,” Mr Balz added.
    The table below shows the distribution of counterfeits across the various denominations in 2024 and changes compared with 2023.
        

    Banknotes

    Number

    Share (rounded)

    Year-on-year change

    €5

    1,020

    1%

    +47%

    €10

    4,759

    7%

    +37%

    €20

    20,552

    28%

    +66%

    €50

    29,103

    40%

    +35%

    €100

    10,385

    14%

    +47%

    €200

    5,827

    8%

    -34%

    €500

    767

    1%

    -71%

    Total

    72,413

     

     

    At around 33,800, the number of counterfeits detected in the second half of 2024 was lower than the figure for the first half of the year (38,600).
    As in previous years, a large proportion of the counterfeits could easily be recognised as such. The banknotes have the words “MovieMoney” or “Prop copy” printed on them and do not mimic any of the security features found on a genuine banknote. On some of the specimens the label “MovieMoney” had been covered over and replaced with an imitation signature.
    Recognising counterfeit banknotes
    As counterfeit banknotes are not replaced, the Bundesbank strongly recommends checking banknotes using the “feel, look, tilt” method. It is advisable to compare a suspicious banknote with one definitely known to be genuine and to always check more than one security feature. 
    All counterfeits can be identified by checking the following authentication features:
    Feel: 
    Most euro banknotes have paper that is crisp and firm to the touch, which means it is possible to identify simple counterfeits just by feeling the banknote. However, to be on the safe side, the Bundesbank recommends checking other features as well. A coating was applied to €5 and €10 banknotes from the Europa series, as well as some of the Europa series €20 notes; those notes feel smooth and firm. Both coated and uncoated €20 banknotes are in circulation.
    Raised print on the front of the banknotes can be identified by touch. For example, banknotes belonging to the Europa series have the letters “BCE ECB EЦБ EZB EKP EKT EKB BĊE EBC” (and “ESB” on denominations of €50 and above) down their left edge as well as a series of short lines on the left and right-hand edges.

    Look:
    When any banknote is held against the light, the watermark appears as a shadowy image in the unprinted area. 
    On denominations of €20 and above belonging to the Europa series, the upper section of the hologram contains a transparent window showing a portrait of Europa, a figure from Greek mythology.

    Tilt: 
    An emerald number can be seen on the bottom left-hand side on the front of the banknotes belonging to the Europa series. When the banknote is tilted, the emerald number changes colour and the effect of a light stripe moving upand down becomes visible.
    The hologram images change when the banknote is tilted. Rainbow-coloured effects appear around the motifs.
    The €100 and €200 euro banknotes have been equipped with additional security features. The emerald number contains several euro symbols that change in colour. The hologram contains a satellite feature showing two euro symbols that move around the denomination number.

    More counterfeit coins
    In 2024, approximately 141,300 counterfeit coins were detected in German payments, compared with around 115,900 counterfeit coins in the previous year. Statistically, this equates to 17 counterfeit coins per 10,000 inhabitants in Germany. The increase was due to a number of companies accumulating coins that they suspected of being counterfeits over several years and then submitting them to the Bundesbank as a batch in 2024. There was also a rise in the number of counterfeit €2 coins being introduced into the payments system. 
    Counterfeits were identified in only the three highest denominations, and their incidence in 2024 was as follows.
       

    Coins

    Number

    Share (rounded)

    50 cent

    658

    MIL OSI

    MIL OSI German News –

  • MIL-OSI Australia: GymAware awarded 2023 ACT Exporter of the Year

    Source: Northern Territory Police and Fire Services

    GymAware has been awarded 2023 ACT Exporter of the Year at the Chief Minister’s Export Awards. Image: Canberra Airport.

    A Canberra business success story that developed a product now used in gyms around the world has been recognised as the ACT Exporter of the Year.

    Each year the ACT Chief Minister’s Export Awards celebrate the best and brightest in Canberra’s export industry and showcase the success of local businesses in global markets.

    Kinetic Performance Technology (GymAware) was awarded the 2023 ACT Exporter of the Year for their work as a global leader in velocity-based training solutions. A staggering 89 per cent of its sales are exports, with 80 per cent of these to the USA, 10 per cent to the United Kingdom and 6 per cent to France and China.

    The company’s RS and FLEX products are designed to help coaches and athletes of all levels measure and track strength training activities in the weight room. This technology has been a part of weight training for professional athletes across a range of sports, helping hundreds of teams and individuals prepare for their career-defining moments on the field.

    The company’s systems are used in weight rooms across 65 per cent of all professional sporting teams in the USA, all teams in elite Australian leagues like the NRL and Super Rugby, as well as respected international teams, such as the New Zealand All Blacks.

    “I am honoured that GymAware has been recognised as the 2023 ACT Exporter of the Year at the ACT Chief Minister’s Export Awards,”  GymAware founder Evan Lawton said.

    “GymAware has been a labour of love, and it’s rewarding to see our commitment to excellence being acknowledged in such a meaningful way by our own community in Canberra.”

    The ACT Exporter of the Year awards showcased several of emerging and established exporting companies. Category winners included:

    • Emerging Exporter – Infinity Avionics Pty Ltd
    • Resources and Energy – Ardexa Pty Limited
    • Sustainability and Green Economy – The Mullion Group (FLINTpro)
    • Advanced Technologies – Kinetic Performance Technology Pty Ltd (GymAware)
    • Small Business – BixeLab
    • Professional Services – Teron Labs Pty Ltd
    • ACT Promising Exporter – Catch the Sun Communications
    • ACT Promising Exporter – Science Skincare International Pty Ltd

    “It was inspiring to see so many businesses with a clear plan for identifying and pursuing valuable export markets – ultimately all Canberrans benefit when local businesses achieve export success,” CEA Technology and ACT Export Awards judge Michael Burton said.

    Businesses who are ready to export have access to support through the TradeStart program. Learn more about exporting and the assistance available on the ACT Business website: act.gov.au/business

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News –

  • MIL-OSI: Mirastar Federal Credit Union Recognized for Best Mortgage Experience with 2025 MemberXP™ Best of the Best Award

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., March 21, 2025 (GLOBE NEWSWIRE) — Mirastar Federal Credit Union is proud to announce that it has been honored with the prestigious 2025 Best of the Best Award for Best Mortgage Experience by MemberXP, a leading customer experience program offered through CUSG. This recognition celebrates credit unions that go above and beyond to create outstanding member experiences.

    “We are incredibly honored to receive the Best of the Best award. This recognition is a testament to our team’s deep commitment to making homeownership more accessible and creating a mortgage experience that feels seamless, supportive, and personal,” said Rebecca Reynolds Lytle, Chief Executive Officer at Mirastar Federal Credit Union. “It’s not just about financing a home; it’s about guiding our members toward their goals and making the process as stress-free as possible.”

    The 2025 MemberXP Best of the Best Awards is based on insights from more than 2.6 million data points, reflecting the experiences of approximately 8.6 million credit union members nationwide. Using key performance measures like Net Promoter Score (NPS) and Member Effort Score (MES), data experts evaluate and identify the top 25% of credit unions excelling in delivering superior member experiences. Mirastar was recognized as a top performer for Best Mortgage Experience, underscoring a commitment to making home financing smooth and accessible for members.

    “This award reflects the heart of what we do – putting people first. We take the time to listen, understand, and tailor solutions to meet each member’s unique needs,” said Joni Barnes, VP of Lending Experience at Mirastar Federal Credit Union. “Buying a home is a major milestone, and we’re honored to be trusted partners in that journey.”

    Mirastar Federal Credit Union

    Mirastar Federal Credit Union (formally Santa Clara County Federal Credit Union) is a federally insured, member-owned, not-for-profit financial cooperative that ensures financial well-being should be within reach for everyone. Since 1950, Mirastar Federal Credit Union has dedicated itself to serving our more than 47,000 members and communities with affordable, high-quality financial services that empower them to achieve their goals. A pinnacle community outreach provides free financial education, volunteer support, and resources to local nonprofit organizations – because when our communities thrive, we all succeed. For more information about Mirastar Federal Credit Union and our commitment to exceptional member service, please visit Mirastarfcu.org or call 408.282.0700.

    ABOUT CUSG
    CUSG is a leading provider of innovative software and services in human resources, marketing, technology, and financial empowerment. The organization’s mission is to support businesses with the delivery of exceptional experiences for their employees and customers while also maintaining a secure and resilient environment. CUSG is home to numerous national brands, including Performance Pro, Compease, The Learning Center, MemberXP, BankingXP, Save to Win, and Love My Credit Union Rewards. Serving over 2,200 financial institutions, universities, hospitals, and other businesses nationwide, CUSG is a trusted partner in their growth and development. The company has established strategic partnerships with industry leaders such as Trust & Will, Intuit TurboTax, H&R Block, Marquis, WHITE64, AudioEye, CalcXML, and Think|Stack, enabling it to offer comprehensive solutions tailored to support diverse business strategies and needs. For more information, visit CUSG.com.

    Net Promoter Score (NPS®) is a trademark of Satmetrix, Bain & Company, and Fred Reichfield.

    Teresa Caseras
    VP Marketing
    Mirastar Federal Credit Union
    tcaseras@mirastarfcu.org
    mirastarfcu.org

    The MIL Network –

  • MIL-OSI China: China, Zambia sign economic, technical cooperation agreement

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

    LUSAKA, March 21 — China and Zambia signed an agreement on Friday for economic and technical cooperation, marking another step in strengthening the longstanding and mutually beneficial relationship between the two countries.

    The agreement was signed by Charge d’Affaires of the Chinese Embassy Wang Sheng and Zambian Minister of Finance and National Planning Situmbeko Musokotwane.

    The agreement outlines the framework under which new China-aided projects will be implemented in the future.

    In his remarks, Wang said the agreement is another example of the strong cooperation between the two governments.

    He said both governments have identified priority projects, including the construction of three additional milling plants to enhance food security in Zambia, with work set to begin this year. China has already built three such plants in the country.

    Wang also announced that a team of experts would soon arrive in Zambia to conduct a feasibility study on establishing 300 small solar-powered piped water systems to help alleviate water shortages. Moreover, a program for the supply of HIV testing kits and medication would be implemented to support public health services in Zambia.

    “For a long time, China has adhered to an approach that emphasizes sincerity, real results, amity and good faith with Africa. We understand the importance of honoring commitments, and all pledges will be fulfilled,” he said.

    He said negotiations on revitalizing the Tanzania-Zambia Railway Authority (TAZARA) railway line were progressing, with major breakthroughs expected in the coming weeks.

    According to Wang, China has been a steadfast friend to Zambia since the establishment of diplomatic relations in 1964, providing support for various infrastructure projects over the years.

    While expressing appreciation for China’s unwavering support and solidarity with Zambia over the years, Musokotwane said the signing of the agreement underscored both countries’ commitment to fostering economic growth and technical advancement.

    MIL OSI China News –

  • MIL-OSI Security: Arizona Brothers Plead Guilty for Roles in Conspiracies to Fraudulently Obtain Nearly $109 Million in Covid-Relief Funds

    Source: Office of United States Attorneys

    PORTLAND, Ore.—Two brothers from Sedona, Arizona, pleaded guilty for conspiring with one another and others to defraud the U.S. Small Business Administration (SBA) out of nearly $109 million in loans intended to help small businesses during the COVID-19 pandemic.

    Eric Karnezis, 43, pleaded guilty Thursday to conspiring to commit wire fraud. Today, in a separate but related case, Anthony Karnezis, 43, also pleaded guilty to conspiring to commit wire fraud.

    According to court documents, from January 2021 until at least March 2022, Eric Karnezis carried out a scheme whereby he conspired to gather false and fraudulent business information from customers and used the information to submit at least 350 fraudulent Paycheck Protection Program (PPP) loan applications through Blueacorn, a lender service provider, to Capital Plus Financial, a lender participating in the PPP. To facilitate the scheme, Eric Karnezis and his co-conspirators created fictious documents to support the fraudulent loan applications, including false payroll information and tax documents.

    In total, Eric Karnezis submitted or caused to be submitted at least 1,300 PPP applications, which together attempted to obtain at least $178 million from Capital Plus Financial, of which approximately $105 million in loans were funded in response to the fraudulent applications. Additionally, Eric Karnezis required applicants to pay a fee for his role in the conspiracy and he received approximately $3 million for submitting the fraudulent applications.

    Anthony Karnezis carried out a related scheme through at least March 2022, whereby he conspired with his brother, among others, to gather fraudulent business information from customers and used the information to submit at least 140 fraudulent PPP loan applications, through Blueacorn, to Capital Plus Financial. Based on the false and misrepresented information, more than $3.9 million in loans were funded in response to these fraudulent applications. Anthony Karnezis also required applicants to pay a fee for his role in the conspiracy and he received more than $957,000 for submitting the fraudulent applications.

    On August 21, 2024, a federal grand jury in Portland returned a 23-count indictment charging Eric Karnezis and other defendants with conspiring to commit and committing wire fraud and conspiring to commit money laundering.

    On February 19, 2025, Anthony Karnezis was charged by criminal information with conspiring to commit wire fraud.

    Each faces a maximum sentence of 20 years in prison, a $250,000 fine and 3 years of supervised release and will both be sentenced on June 20, 2025, before U.S. District Court Judge Karin J. Immergut.

    As part of their plea agreements, Eric Karnezis agreed to pay between $25 million and $65 million in restitution to their victims, and Anthony Karnezis agreed to pay between $3.5 million and $9.5 million in restitution to their victims. They have also agreed to forfeit any criminally-derived proceeds and property.

    This case was investigated by the SBA Office of Inspector General (SBA-OIG), IRS Criminal Investigation (IRS:CI), the U.S. Treasury Inspector General for Tax Administration (TIGTA), and the Naval Criminal Investigative Service (NCIS). It is being prosecuted by Meredith Bateman and Robert Trisotto, Assistant U.S. Attorneys for the District of Oregon. Forfeiture proceedings are being handled by Assistant U.S. Attorney Julia Jarett, also of the District of Oregon.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI –

  • MIL-OSI Germany: Unchanged global climate policies will cost India 19% and world 15% of GDP by 2050 | Interview with The Economic Times

    Source: Deutsche Bundesbank in English

    The interview was conducted by Deepshikha Sikarwar & Vinay Pandey.
    How do you see US president Donald Trump’s election weighing in on the entire climate debate?
    We are central bankers and supervisors, so we are non-political. We are data-dependent and science-based. We are here together to discuss the impact of climate and nature-related risks on our economies. Talking about climate change in general, there are two major risks: physical risks; meaning increasing numbers of droughts, floods, hurricanes and wildfires. And transition risks, which are the costs and consequences of the transition to net zero.
    If climate policy falls short then, of course, economic and financial risks will increase. That’s what central banks must look at. We analyze the data and see what kind of impact climate change has on the economy. That’s our job. We must deal with these risks, and we will address them, also towards governments.
    What does the withdrawal of the US Federal Reserve mean for NGFS and its agenda? 
    The NGFS was founded at the end of 2017. At that time, we were only eight members. Now we are 144. The Fed, as you just mentioned, left in January. Except for the US, none of the members have exited so far. Instead, thirteen new members have joined since I took over as NGFS Chair at the start of 2024. So, we are still a growing organization.
    And our agenda stays the same, because it has nothing to do with the exit of one member. If we see deregulation, if we see climate being taken off the policy agenda, then we might see increasing physical risk, meaning an acceleration of climate change. And that might mean that we even become more vocal on the risks we see.
    How do you see India’s progress? What more needs to be done?
    It’s not up to me to judge the stance and actions of our colleagues from the Reserve Bank of India. I just mentioned our latest update on the long-term scenarios about GDP being 15 % lower, worldwide, than in a world without climate change. For India, the GDP loss is even bigger. If the world keeps its current policies unchanged, global temperatures are expected to rise by three degrees Celsius (on average). And this could cost India roughly 19 % of GDP by 2050, compared to a world without climate change. So, for India, we show that climate change can have even more serious consequences than elsewhere. And, at the same time, the scenarios show that India is among those countries who would benefit the most from a global transition towards net zero emissions.
    You’ve said your actions are data dependent. What is the data telling us in terms of the economic impact of climate change? Because there is also a pushback.
    We are analytical powerhouses. Our climate scenarios are our flagship product. We have set up different long-term scenarios. For example, a current policy scenario or a fragmented world one, where climate policy is delayed, divergent and/or insufficient across the globe. Or a scenario where policy would bring us to a Paris-aligned world. We look at what those different climate scenarios mean in economic terms, for GDP, inflation, productivity, and so on.
    The fifth vintage of our long-term climate scenarios was published at the start of November last year. It told us that under the current policies scenario, global GDP will be 15 % lower globally in 2050 than it would be without climate change. This is a striking number, and in fact we have reason to believe that it doesn’t even show the full picture, because we do not yet have a full set of data. It does not reflect, for example, future sea level rises, or the kind of climate migration that we might see. When we have more data, we will get more insights, and the results might even change.
    What has the conversation been like at the plenary in the backdrop of the US exit and what is the assessment of the progress made so far?
    We’ve never seen such a strong commitment as we see here in India today. More than 100 people from over 60 countries came from all around the world to be here in person. Another 100 people participated virtually. We’ve never had so many senior level representatives from central banks and financial supervisors. We have more than 25 governors or deputy governors here in India at our annual meeting. 
    What we’ve reflected on today is how political headwinds, deregulation, impact our work. And our work stays the same, because we are non-political animals, and we stick to our mandates. With so many central banks from all over the world in our network, we all have different mandates. In emerging markets or developing countries, the mandates are often not as narrow as they are in, for example, Europe. So, we do have members with broader mandates. That allows them to do different things, such as promoting green finance or other financial sector development.
    Most central banks have initiated some sort of action on tackling climate change and its economic impact. What is your assessment of the progress and what more is needed?
    With 144 members from all over the globe, there are members at completely different stages, depending on when they started and how big their capacities are. Some members are very advanced, like the French, the Dutch, the UK, and there are those who have just started or are so small that they barely have capacity.
    What are the advanced central banks doing? They have started with climate stress testing in the banking sector. For example, in Europe, we have already done a few climate stress tests. In India, Brazil and many countries in Africa, you see that climate change strongly affects food prices. We also see, in some African countries for example, that energy prices are significantly affected by climate change. We cannot rely on past data or experiences; we need a forward-looking perspective. There’s a lot of uncertainty and non-linearity. So, we must work in terms of scenarios.
    When the NGFS was set up in December 2017, there were some central banks who thought, “oh my god, there’s climate change and we do not know at all whether this will affect our work, our mandates”. We thought, “this might be such a big threat that it’s better to collaborate, put together all the resources we have and to see what will come out”. This is why the NGFS was set up. Over the years, we have not only realized that climate change really matters to the economy but also confirmed that it affects our mandates.
    The whole idea of this network is that we share our knowledge amongst our members. This is the benefit of being a member of the NGFS. And we also produce public goods like the scenarios mentioned, which can be used by financial sector players and policymakers beyond the network.
    Different governments have different commitments to climate change and central banks have different mandates. Given that, how effective can this body be?
    Climate policy is not part of our mandate. What governments do is another thing. Of course, our analysis shows that if governments take less action on climate, it will have a huge impact on the economy, often also on inflation.
    You are right, central banks globally have a wide range of different tasks and mandates. But this is also the beauty of our network. 144 different organisations learn from each other. Many members – for example emerging markets – have a lot in common with each other. These countries often form groups among peers so that they can share experience and best practice.
    Any thinking on short-term scenario mapping?
    We will soon publish our short-term scenarios with a time horizon of three to five years, hopefully in the first half of the year. We think it is important to show what will happen within this time horizon.
    Not many care about 2050 and 2100. Not many of us work over this time horizon. If you are a CEO, your contract lasts 3‑5 years. If you’re a politician, you want to be re-elected within 3‑5 years. A scenario which tells you what might happen in 2050, of course, really matters for human beings. But, to tell the story to someone who thinks short term, you need also short-term scenarios.
    © The Times Group. All rigths reserved.

    MIL OSI

    MIL OSI German News –

  • MIL-OSI USA: Attorney General Bonta Urgently Issues Consumer Alert for 23andMe Customers

    Source: US State of California

    Friday, March 21, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    Californians have the right to direct the company to delete their genetic data 

    OAKLAND — California Attorney General Rob Bonta today issued a consumer alert to customers of 23andMe, a genetic testing and information company. The California-based company has publicly reported that it is in financial distress and stated in securities filings that there is substantial doubt about its ability to continue, which is a growing concern. Due to the trove of sensitive consumer data 23andMe has amassed, Attorney General Bonta reminds Californians of their right to direct the deletion of their genetic data under the Genetic Information Privacy Act (GIPA) and California Consumer Protection Act (CCPA). Californians who want to invoke these rights can do so by going to 23andMe’s website. 

    “California has robust privacy laws that allow consumers to take control and request that a company delete their genetic data,” said Attorney General Bonta. “Given 23andMe’s reported financial distress, I remind Californians to consider invoking their rights and directing 23andMe to delete their data and destroy any samples of genetic material held by the company.” 

    To Delete Genetic Data from 23andMe:

    1. Consumers can delete their account and personal information by taking the following steps:
    2. Log into your 23andMe account on their website. 
    3. Go to the “Settings” section of your profile.
    4. Scroll to a section labeled “23andMe Data” at the bottom of the page. 
    5. Click “View” next to “23andMe Data”
    6. Download your data: If you want a copy of your genetic data for personal storage, choose the option to download it to your device before proceeding.
    7. Scroll to the “Delete Data” section. 
    8. Click “Permanently Delete Data.” 
    9. Confirm your request: You’ll receive an email from 23andMe; follow the link in the email to confirm your deletion request.

    To Destroy Your 23andMe Test Sample:

    If you previously opted to have your saliva sample and DNA stored by 23andMe, but want to change that preference, you can do so from your account settings page, under “Preferences.”

    To Revoke Permission for Your Genetic Data to be Used for Research:

    If you previously consented to 23andMe and third-party researchers to use your genetic data and sample for research, you may withdraw consent from the account settings page, under “Research and Product Consents.”

    Under GIPA, California consumers can delete their account and genetic data and have their biological sample destroyed. In addition, GIPA permits California consumers to revoke consent that they provided a genetic testing company to collect, use, and disclose genetic data and to store biological samples after the initial testing has been completed. The CCPA also vests California consumers with the right to delete personal information, which includes genetic data, from businesses that collect personal information from the consumer.   

    To learn more about the CCPA, please visit here.  

    # # #

    MIL OSI USA News –

  • MIL-OSI Security: Federal Way, Washington woman indicted for bank and wire fraud for fake investment scheme

    Source: Office of United States Attorneys

    Preyed on members of the Korean community falsely claiming status as an investment advisor

    Seattle – A 52-year-old Federal Way, Washington woman was indicted this week by a federal grand jury for three counts of wire fraud and two counts of bank fraud, announced Acting U.S. Attorney Teal Luthy Miller. Jenni Yoon Jeong Lee allegedly held herself out to elderly members of the Korean community as an investment advisor. In reality, the investments went into accounts controlled by Lee and were used for her personal expenses. Lee allegedly defrauded at least 28 victims of over $3 million that was used for her expenses, her family’s expenses or to pay off earlier investors in the style of a Ponzi scheme.

    “Ms. Lee held herself out as an experienced investment advisor offering her victims a guaranteed return on the funds they placed with her,” said Acting U.S. Attorney Miller. “However, the indictment notes that none of the money was invested and in fact, nearly $1 million of investor funds were accessed and spent at area casinos.”

    According to the indictment, Lee created various business entities with names that made it seem they were financial investment companies. Lee opened and controlled bank accounts for these shell companies.

    Lee held herself out as a financial advisor employed at the shell companies. She claimed both orally and in writing that she would place victim investments in funds that would guarantee a safe return, sometimes as high as 10%.  She often represented that the principal was fully guaranteed so there was no risk associated with the investment.

    Lee allegedly got the victims to write checks to one of the shell companies for ‘investment,’ or she induced the client to fund a self-directed IRA at a legitimate financial services company and give Lee access to manage the account. Lee would sometimes provide the financial services company with a promissory note to make it appear the client was loaning money to one of Lee’s shell companies. In this way she gained control of the investor funds.

    In all Lee took in at least $3 million. Some money was paid back to investors making the full loss amount approximately $2.2 million. Of that, over $900,000 was withdrawn and spent at casinos.

    The three counts of wire fraud are for specific transfers of funds from self-directed IRA accounts. The two counts of bank fraud are for depositing client checks into one of the shell corporation accounts. These counts are representative acts of the alleged scheme.

    The charges in the indictment are punishable by up to 30 years in prison.

    The charges contained in the indictment are only allegations.  A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.

    The case is being investigated by the FBI. The case is being prosecuted by Assistant United States Attorney Sean H. Waite

    MIL Security OSI –

  • MIL-OSI United Nations: Outreach Seminar on the Updates of Statistical Manuals (2025 SNA and BPM7), online

    Source: United Nations Economic Commission for Europe

    06 – 07 March 2024

    Document title 

    		   Documents
    English Russian
    Agenda   PDF PDF
    Joint Session      
    Main Objectives, Priorities, and Procedures for Updating the Balance of Payments and International Investment Position Manual and the System of National Accounts   PDF PDF
    Building Blocks: Integrated Framework, Accounting Principles, Economic Territory, Institutional Sectors, and Residence   PDF PDF
    Globalization   PDF PDF
    Digitalization   PDF PDF
    Communicating and Disseminating Economic Statistics   PDF PDF
           
    Selected BPM7 issues      
    Main Features and Outline   PDF PDF
    Cross-cutting themes   PDF PDF
    Current and Capital Accounts   PDF PDF
    Integrated International Investment Position: Direct Investment and Portfolio Investment   PDF PDF
    Integrated International Investment Position: Financial Derivatives, Other Investment, and Reserve Assets   PDF PDF
    BPM7. Draft Annotated Outline (September 2023)   PDF PDF
           
    Selected 2025 SNA issues      
    Overview and Main Changes   PDF PDF
    Financial Issues   PDF PDF
    Wellbeing and Sustainability, Informal Economy   PDF PDF
    Thematic and Extended Accounts   PDF PDF

    MIL OSI United Nations News –

  • MIL-OSI: Press Release for Early Warning Report Regarding Wall Financial Corporation

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) — The Peter Wall Alter Ego Trust (2019) (the “AET”), Suite 2600 – 1090 West Pender Street, Vancouver, British Columbia, V6E 0E3, the majority shareholder of Wall Financial Corporation (“Wall Financial”), a company with a head office at 1010 Burrard Street, Vancouver, British Columbia, V6Z 2R9, announces changes in its trust arrangements following Peter Wall’s death earlier this month.

    The AET owns, directly or indirectly, and exercises control or direction over, 17,377,762 common shares of Wall Financial (the “AET Shares”), representing 54.15% of the total number of issued and outstanding common shares of Wall Financial (the “Common Shares”). On or about March 3, 2025, Oliver Borgers accepted the appointment as Trustee Appointer of the AET due to the death of Peter Wall, the prior Trustee Appointer of the AET. Oliver Borgers also appointed himself as the Trustee of the AET, replacing Peter Wall. There has been no change in the securityholdings of AET in Wall Financial as a result of the occurrence described above. However, Oliver Borgers, in his capacity as trustee of AET, can be said to have acquired control over the AET Shares by virtue of becoming the Trustee of the AET. Oliver Borgers, in his personal capacity, also has control over 102,000 Common Shares, representing 0.32% of the total number of issued and outstanding Common Shares.

    The purpose of the occurrence was to replace the Trustee Appointer and the Trustee of the AET due to the death of Peter Wall. The AET is expected to distribute the AET Shares to an executory trust called the Peter Wall Legacy Trust (the “Legacy Trust”) at a date to be determined in accordance with the AET’s trust arrangements. Oliver Borgers will also be the Trustee Appointer and the Regular Trustee of the Legacy Trust, and there will be two additional Voting Trustees. At such time, the Regular Trustees and Voting Trustees must unanimously consent in respect of all decisions related to the voting, exchanging, altering, selling or transferring of any Common Shares held by the Legacy Trust. Oliver Borgers, as the future Trustee Appointer of the Legacy Trust, will be entitled to appoint and remove the Regular Trustee and the Voting Trustees at any time and for any reason that the Trustee Appointer may decide. Peter Wall provided the trustees of the Legacy Trust with certain wishes he held by way of a statement of wishes, which are not legally binding upon the trustees of the Legacy Trust. These non-legally binding wishes include his wish that the AET Shares of Wall Financial be retained by the Legacy Trust and that two significant properties of Wall Financial (the Shannon Mansion and the Wall Centre Downtown) should be considered as legacy assets of Wall Financial, which should not be sold.

    The AET or Oliver Borgers may, depending on market and other conditions, increase or decrease their ownership of Common Shares of Wall Financial, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

    For more information, or to obtain a copy of the subject early warning report, please contact:

    Peter Wall Alter Ego Trust (2019)
    by its trustee, Oliver Borgers
    c/o Thorsteinssons LLP
    Suite 2600 – 1090 West Pender Street
    Vancouver, British Columbia, V6E 0E3
    Telephone: 416-271-2248

    The MIL Network –

  • MIL-OSI Security: Federal jury convicts Virginia Beach man for auto loan scheme and identity theft

    Source: Office of United States Attorneys

    NORFOLK, Va. – A federal jury convicted a Virginia Beach man today on 19 charges of bank fraud, wire fraud, aggravated identity theft, and false representation of a social security number.

    According to court records and evidence presented at trial, Dion Lamont Camp, 40, spent years conning numerous women into romantic relationships and then leveraging those relationships to obtain fraudulent loans and credit cards.  He would show the women fake tax documents and ask for their help, claiming that the IRS had frozen his accounts and promising to repay the money when the matter was cleared up. Camp caused six fraudulent loans from a national credit union in 2020 through 2022 for cars that were either ghost purchased, meaning the car was never purchased at all and there was never any collateral securing the loan, or double financed, meaning Camp procured financing both from the credit union and from the car dealership for the same car, thereby obtaining the credit union loan proceeds and the car.

    As part of the scheme, Camp opened shell businesses with names closely resembling that of actual used car dealerships in Hampton Roads. He then persuaded two women, identified as Jane Doe (JD) 2 and JD5, to open corresponding business bank accounts. Once those accounts were open, Camp persuaded JD2, JD5, as well as four other women, JD3, JD4, JD6, and JD7, to apply for automobile loans in their own names at the credit union. Camp convinced the women he could not obtain a loan himself because his accounts were erroneously frozen and promised to pay them back.

    After the credit union approved the loan applications and provided checks to the women for the dealerships, they gave the checks to Camp. Camp, using a call spoofing service to make it appear as if he were calling from the legitimate car dealership, called the credit union, impersonated employees at the dealership, and pretended that the loan was being used for various luxury vehicles.  Providing the vehicle identification numbers (VINs) for those cars, he successfully obtained the code from the credit union necessary to release the check, which he then negotiated and funneled through the business accounts. JD2 and JD5 withdrew the loan proceeds from those accounts and gave the money to Camp.

    The four ghost-purchased cars were located across the country and never at the businesses in Hampton Roads. They were never purchased by Camp or the women using the credit union checks, depriving the credit union of its collateral to secure the loans. Camp also conned JD4 and JD7, who had already gotten loan checks from the credit union, to purchase two other luxury cars at a dealership in northern Virginia using in-house financing for over $100,000.  Again, Camp cashed the credit union checks, and the credit union was deprived of having the cars as collateral for the loan as the cars were double financed.

    For two of these fraudulent automobile loans, Camp obtained not only the money from the loan check, but also induced the women to trade in their own cars to help fund the credit union loans. He then sold their cars at local dealerships and kept that money as well.

    As part of his fraud, Camp also purchased a car in his own name from CarMax as repayment for a friend of the family who gave him money for a car years earlier. To obtain financing, Camp used false information, including that he had been a UPS employee for more than a decade. After Camp was arrested in this case and housed at Western Tidewater Regional Jail, the family friend feared the BMW would be repossessed. Camp called the finance company on a recorded jail call, using another inmate’s account to avoid detection, and convinced the finance company to give him a payment extension on the loan so long as he was still employed at UPS, which he falsely affirmed that he was.

    Camp also defrauded banks to give personal loans.  In 2019, JD8 and JD11 each had little income, so Camp provided them with fraudulent paystubs with inflated income to support personal loan applications to another local credit union. JD8 and JD11 each gave the loan proceeds to Camp, which again he had falsely promised to repay.

    Camp obtained an American Express credit card using JD3’s personal identifying information without her knowledge. He also obtained supplemental American Express credit cards from the accounts of JD5, JD3, and JD10 using the Social Security number of an individual identified as R.D. R.D., who testified at trial, has never met or had any relationship with Camp.

    The final charge for which Camp was convicted involved his application for a property rental in Virginia Beach using a false Social Security number, a fake credit report with a highly inflated credit score, and a false IRS business tax filing that showed that his alleged house flipping business, Camp Investments LLC, made hundreds of thousands of dollars a year. In truth, Camp’s business bank account rarely had any significant balance, and Camp never filed taxes for Camp Investments.

    The evidence at trial revealed that, during the scheme, Camp defrauded both women and banks out of hundreds of thousands of dollars.

    Camp faces a minimum of two years and up to 392 years in prison when sentenced on Sept. 12. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Erik S. Siebert, U.S. Attorney for the Eastern District of Virginia, and Michael Feinberg, Acting Special Agent in Charge of the FBI’s Norfolk Field Office, made the announcement after U.S. District Judge Arenda Wright Allen accepted the verdict.

    Assistant U.S. Attorneys Rebecca Gantt and Elizabeth M. Yusi are prosecuting the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 2:23-cr-63.

    MIL Security OSI –

  • MIL-OSI: MINILUXE ANNOUNCES THE CONVERSION OF ALL ITS OUTSTANDING CONVERTIBLE DEBENTURES

    Source: GlobeNewswire (MIL-OSI)

    With conversion of all outstanding convertible debentures at a 25% premium to market, MiniLuxe reduces debt on balance sheet by 30% percent netting a positive $2.7M (~$3.86M) capital-enhancing transaction

    Boston, MA, March 21, 2025 (GLOBE NEWSWIRE) — MiniLuxe Holding Corp. (TSXV: MNLX) (“MiniLuxe” or the “Company”) today announces the successful completion of the previously announced and anticipated conversion of its convertible debentures (the “Debentures”) following its recent oversubscribed private placement. Notably, the Company has finalized agreements to convert all outstanding Debentures at a deemed price of US$0.50, representing a ~25 percent premium to yesterday’s closing price of MNLX at CDN$0.56.

    With this conversion, MiniLuxe has eliminated all convertible debt, further strengthening its financial foundation and momentum. Overall, inclusive of a recent expansion of new investment of $1.675M from Flow Capital, overall debt on the Company’s balance sheet has been reduced by 30 percent.

    The Debentures will be converted into Subordinate Voting Shares of the Company at a deemed price of US$0.50 (~CDN$0.70) per share pursuant to debt settlement agreements with Debentureholders, with an effective conversion date of March 15, 2025. In this final round of conversions, the Company settled an aggregate of approximately USD$2.7 million (~CDN$3.86 million) of outstanding debt related to the principal and accrued but unpaid interest on the outstanding Debentures. This is in addition to USD$2,141,521 (~CDN$3 million) of principal and interest on Debentures converted in the first and second tranches of conversions, as previously announced on January 2, 2025, and February 25, 2025. Following this conversion, no Debentures of the Company will remain issued or outstanding.

    Alongside the Debenture conversions, an aggregate of 60,000 Subordinate Voting Shares will be issued to certain arm’s length non-management employees at a price of per share of US$0.50, in satisfaction of an aggregate of USD$30,000 previously owing by the Company to the employees pursuant to earnout bonuses. The share for debt issuance as part of employee compensation signals the team’s belief in the long-term prospects of the Company’s growth and equity value. The issuances of these shares to employees is also consistent with MiniLuxe’s compensation philosophy of substituting a portion of base or bonus cash for equity to be more aligned with shareholder value-creation.

    Collectively across the Debenture conversions and employee earnotus a total of 5,473,785 Subordinate Voting Shares will be issued. The completion of both debt settlements remains subject to the satisfaction of customary closing conditions including the approval of the TSX Venture Exchange.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

    About MiniLuxe

    MiniLuxe, a Delaware corporation based in Boston, Massachusetts. MiniLuxe is a lifestyle brand and talent empowerment platform servicing the beauty and self-care industry. Through its company-owned and partner-operated studios, Company delivers high-quality nail care and esthetic services that incorporate the brand’s proprietary products. For over a decade, MiniLuxe has been elevating industry standards through healthier, ultra-hygienic services, modern design, ethical labor practices, and better-for-you, cleaner products. MiniLuxe’s vision is to radically transform the highly fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform that together enable better talent and client experiences.

    Towards building long-term durable value for its stakeholders, MiniLuxe is expanding its reach through franchising and operating JV partners seeking ownership and impact with a brand recognized as the best nail salon franchise. Through self-care and self-expression, MiniLuxe is empowering one of the largest hourly work forces through professional development, economic mobility, and equity ownership. Since its founding, MiniLuxe has performed over 4.5 million services.

    For further information

    Christine Mastrangelo
    Investor Relations, MiniLuxe Holding Corp.
    cmastrangelo@MiniLuxe.com
    MiniLuxe.com

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

    The MIL Network –

  • MIL-OSI Global: From hempseed gruel to CBD: the curious history of cannabis as a health product

    Source: The Conversation – UK – By Lauren Alex O’Hagan, Research Fellow, School of Languages and Applied Linguistics, The Open University

    H_Ko/Shutterstock

    The cannabis-derived product CBD has been hailed “the wonder drug of our age”, offering potential health benefits without the high. From juices and coffee to truffles and ice cream, CBD products have flooded the market for consumers looking for an answer to health problems from anxiety to insomnia.

    But with CBD products in the UK and EU falling under “novel foods” regulations rather than pharmaceutical standards, they aren’t subjected to the same rigorous safety and quality controls as drugs. The UK’s Committee on Toxicology has even flagged potential health risks, such as liver injury, leading the Food Standards Agency to issue safety guidance.

    The regulatory gaps and health concerns of today reflect those of the 19th century when cannabis products were commercialised by the food industry.

    In the 1830s, William Brooke O’Shaughnessy, an Irish doctor, discovered that cannabis was effective in treating muscle spasms and stomach cramps. French psychiatrist Jacques-Joseph Moreau later explored its potential for mental illness. This led many 19th-century doctors to champion cannabis as a cure-all.

    It wasn’t long before patent medicine manufacturers began using cannabis as a common ingredient in their formulas. But soon, cannabis wasn’t just in pharmacies – it was in food.

    Surprisingly, this shift was not driven by the food industry, but by the free church environment in Sweden as part of efforts to combat tuberculosis – a leading cause of death across all social classes in the country at the time.

    Paul Petter Waldenström, leader of the Swedish Mission Covenant, wrote a letter to Svenska Morgonbladet about a woman reportedly cured of tuberculosis by a homebrewed gruel made with hempseed, rye flour and milk. His endorsement helped popularise the remedy and many started making their own “Waldenström gruel”, as it became known.

    Sensing a business opportunity, entrepreneur J. Barthelson developed a powdered commercial version with the elegant French name Extrait Cannabis. He marketed it as a dietary remedy for tuberculosis, chest diseases and low energy. As demand grew, competitors quickly jumped on the bandwagon, using fearmongering tactics to persuade consumers that they were putting their lives at risk without it.

    The rise and fall of Maltos-Cannabis

    The most striking cannabis-infused product of the era came from the Red Cross Technical Factory. Their “health drink”, Maltos-Cannabis, was a maltose and cannabis blend marketed as both nutritious and delicious, especially when mixed with cocoa.

    With an aggressive advertising campaign, the company raked in nearly SEK 290,000 a year (around £775,000 in modern money), opening factories in Chicago, Helsinki, Brussels and Utrecht.

    A particularly dramatic advertisement depicted the Grim Reaper fleeing from the light of science, shining from a lighthouse. Meanwhile, a mother and daughter raised their arms triumphantly, symbolising victory over death thanks to Maltos-Cannabis. The tagline boldly claimed that the product had “a big future”.

    Maltos-Cannabis advertisement, Hälsovännen, 1 February 1894.
    Wikimedia Commons

    However, questions swirled about its legitimacy. Newspapers debated whether the product was a groundbreaking remedy or “a pure scam product”. While some critics called the craze an “epidemic”, others argued coffee was more harmful – a hot topic in Sweden’s parliament at the time.

    In response, Red Cross published a half-page rebuttal signed by its executives, defending the product’s credibility. But scepticism persisted. After various lawsuits and growing concerns over its effectiveness and safety, sales of Maltos-Cannabis began to decline. By the 1930s, the product had disappeared entirely.

    History repeats itself?

    The 19th-century commercial cannabis market was able to thrive due to the absence of marketing regulations for both food and pharmaceutical products. Manufacturers freely advertised their products using pseudo-scientific claims and buzzword-heavy marketing – strategies we’re seeing again today in the thriving CBD industry.

    This is because CBD is a “borderline” product, existing in a regulatory grey area that allows for marketing strategies to flourish without stringent oversight. Much like in the past, brands tap into consumers’ health anxieties with promises of a wellness revolution. Most worryingly, social media influencers are being used to endorse CBD, making it particularly appealing for younger audiences.

    With the global CBD market valued at US$19 billion in 2023 and projected to grow by 16% annually until 2030, looking back at the broader, problematic history of commercial cannabis should serve as a cautionary tale.

    Lauren Alex O’Hagan 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. From hempseed gruel to CBD: the curious history of cannabis as a health product – https://theconversation.com/from-hempseed-gruel-to-cbd-the-curious-history-of-cannabis-as-a-health-product-251967

    MIL OSI – Global Reports –

  • MIL-OSI USA: Crapo Supports Legislation to Repeal EV Mandates and Protect Consumer Choice

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho) recently led and joined in co-sponsoring several pieces of legislation to repeal various Biden-Harris Administration’s policies under the Environmental Protection Agency (EPA) that implemented de facto electric vehicle (EV) mandates and restricted consumer choice and competition in the automotive market. 

    “The previous Administration put forward regulations that would essentially mandate the mass production of electric vehicles and a phase-out of gas-powered cars and trucks,” said Crapo.  “Idahoans deserve access to affordable, reliable vehicles fueled by American-made energy products.  We should block any efforts that restrict affordable choice for families and push our country toward greater dependence on China.”

    Crapo led reintroduction of the Choice in Automobile Retail Sales (CARS) Act, which would repeal the EPA’s tailpipe emissions rule finalized under the Biden-Harris Administration.

    Crapo was joined by Senators Markwayne Mullin (R-Oklahoma), Dan Sullivan (R-Alaska) and Mike Lee (R-Utah) in introducing a comprehensive legislative strategy to protect consumer choice in the automobile market.  As part of this effort, Crapo co-sponsored each of the additional pieces of legislation, including:

    • Preserving Choice in Vehicle Purchases Act, led by Senator Mullin, which would prevent the implementation of the Biden EPA’s Advanced Clean Cars II regulation, which bans the sale of all conventional gasoline-powered cars by 2035.
    • Freedom to Haul Act, led by Senator Sullivan, which would safeguard the trucking industry from impractical and costly mandates by preventing the implementation of the EPA’s “Greenhouse Gas Emissions Standards for Heavy-Duty Vehicles-Phase 3” rule, a de facto EV mandate on the trucking industry.
    • Stop California from Advancing Regulatory Burden (CARB) Act, led by Senator Lee, which would eliminate the Clean Air Act waiver exemptions that allow California and other states to dictate national emissions standards.  California has over 100 active waivers that set higher emissions standards than the EPA, increasing costs and decreasing consumer choice in vehicles.

    MIL OSI USA News –

  • MIL-OSI USA: Sen. Moran Statement on Michelle Bowman’s Nomination for Federal Reserve Board Vice Chair for Supervision

    US Senate News:

    Source: United States Senator for Kansas – Jerry Moran

    WASHINGTON – U.S. Senator Jerry Moran (R-Kan.) today applauded President Donald Trump’s appointment of Michelle Bowman to serve as the Federal Reserve Board Vice Chair for Supervision:

    “While wielding significant power in the nation’s capital, Governor Bowman remains rooted in her home state and exemplifies the characteristics Kansans appreciate: independence, integrity, courage and a demonstrated record of service to her state and her country,” said Sen. Moran. “Since being appointed to the board in 2018, Governor Bowman has been a steadfast champion of community banks, and she understands the role that relationships play in business from her experience working at and supervising a small lender. Her perspective is desperately needed at the Federal Reserve, and I look forward to her confirmation.”

    Michelle Bowman was appointed to serve as a member of the Federal Reserve Board of Governors in 2018. Prior to her appointment, she served as the Kansas State Bank Commissioner.

    MIL OSI USA News –

  • MIL-OSI Security: New Hampshire Man Arrested for Trafficking Multiple High-Powered Firearms

    Source: Office of United States Attorneys

    Defendant allegedly sold three rifles including two semiautomatic, six handguns, nine magazines and multiple rounds of ammunition

    BOSTON – A Nashua, N.H. man has been arrested for allegedly trafficking nine firearms, including two semiautomatic rifles, into Massachusetts in over a one-month period. 

    Dennis T. Michaud, Jr., 22, was charged with one count of trafficking in firearms. Following an initial appearance in federal court in Boston, Michaud was detained pending a hearing scheduled for March 25, 2025.

    According to the charging documents, beginning in or around February 2025, Michaud was identified as an illegal firearms dealer. It is alleged that, from Feb. 7 through Feb. 11, 2025, undercover law enforcement contacted Michaud through Snapchat to arrange for the purchase of a semiautomatic rifle. During those communications, Michaud allegedly stated that he was located in New Hampshire and that he could bring the firearm to Massachusetts. On Feb. 11, 2025, in Pepperell, Michaud allegedly met with a confidential source operating at the direction of law enforcement to conduct the transaction. There, it is alleged that Michaud provided the confidential source with a Good Time Outdoors CXV Core 15 .223/5.56 caliber semiautomatic rifle and a 30-round .223/5.56 caliber magazine in exchange for $900.
     

    On Feb. 18, 2025, Michaud allegedly agreed to sell three additional firearms. It is alleged that, later that day, Michaud met the source at an agreed upon location in Pepperell, where he provided the following three firearms as well as accompanying ammunition and accessories in exchange for $2,100: a Taurus Raging Hunter .454 Casull Revolver and approximately five rounds of .454 Casull ammunition; a Rossi Interarms M68 .38 Special Revolver and approximately five rounds of .38 Special ammunition; and a Walther PPS 9mm Pistol with approximately six Walther PPS 9mm magazines and various firearm parts and/or accessories.
     

    It is further alleged that, on Feb. 27, 2025, Michaud agreed to sell two more firearms: a Radical Firearms RF-15 .223/5.56 caliber semiautomatic short-barreled rifle along with a 30-round .223/5.56 caliber magazine; and a Sig Sauer P227 Equinox .45 caliber pistol along with a 10-round Sig Sauer P227 .45 caliber magazine. During the transaction in Pepperell, Michaud allegedly provided the confidential source the two agreed-upon firearms and ammunition. Michaud also allegedly stated that possessing the semiautomatic short-barreled rifle would constitute “three felonies” due to the stock and 30-round magazine affixed to the firearm. 
     

    On March 20, 2025, in Pepperell, Michaud allegedly sold three more firearms, two magazines and ammunition to the confidential source in exchange for $2,250: a  Century Arms 7.62x39mm YSKA AK Rifle; a Smith & Wesson M&P 9mm Pistol; and a Taurus PT-22 .22 caliber Pistol. The defendant was immediately taken into custody following the transaction.

    Michaud does not possess a federal firearms license and is prohibited from possessing any firearms or ammunition due to a prior conviction in New Hampshire for possession of marijuana.

    The charge of trafficking in firearms without a license provides for a sentence of up to 15 years in prison, up to three years of supervised release and a fine of $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and James M. Ferguson, Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms & Explosives, Boston Field Division made the announcement. Valuable assistance was provided by the Massachusetts State Police; and the Nashua (N.H.) and Pepperell Police Departments. Assistant U.S. Attorney Sandra Gonzalez Sanchez of the Major Crimes Unit is prosecuting the case.

    The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI: LeddarTech Announces Receipt of Nasdaq Deficiency Notice

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, March 21, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-powered low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC indicating that, based upon the closing bid price of the Company’s common shares for the 30 consecutive business day period from February 4, 2025 through March 18, 2025, the Company did not meet the minimum bid price of US$1.00 per share required for continued listing on the Nasdaq Capital Market (the “Listing Requirement”). The letter also indicated that the Company will be afforded a period of 180 calendar days to regain compliance.

    The Company intends to actively monitor the closing bid price of its common shares and will evaluate available options to regain compliance with the Listing Requirement. However, there can be no assurance that the Company will be able to regain compliance with such Listing Requirement or maintain compliance with any of the other Nasdaq Capital Market continued listing requirements.

    The letter has no immediate effect on the listing of the Company’s common shares, which will continue to be listed and traded on the Nasdaq Capital Market under the symbol “LDTC,” subject to the Company’s compliance with the other continued listing requirements of the Nasdaq Capital Market.

    The foregoing also should be read in conjunction with the disclosures set forth in the Company’s Report of Foreign Private Issuer on Form 6-K as filed with the Securities and Exchange Commission and under the Company’s SEDAR+ profile on the date hereof, and the Company’s Annual Report on Form 20-F for the year ended September 30, 2024 as filed with the Securities and Exchange Commission and under the Company’s SEDAR+ profile on December 26, 2024, including the disclosures set forth under “Item 3.D – Key Information – Risk Factors” contained therein.

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 170 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Forward-Looking Statements

    Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) our ability to continue to maintain compliance with Nasdaq continued listing standards following our transfer to the Nasdaq Capital Market; (ii) our ability to timely access sufficient capital and financing on favorable terms or at all; (iii) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (iv) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (v) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (vi) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs and plans; (vii) changes in general economic and/or industry-specific conditions; (viii) our ability to retain, attract and hire key personnel; (ix) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (x) legislative, regulatory and economic developments; (xi) the outcome of any known and unknown litigation and regulatory proceedings; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Form 20-F filed with the SEC. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Chris Stewart, Chief Financial Officer, LeddarTech Holdings Inc.
    Tel.: + 1-514-427-0858, chris.stewart@leddartech.com

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

    LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 21.03.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    21 March 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 21.03.2025

    Espoo, Finland – On 21 March 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 2,740,279 4.92
    CEUX 1,298,307 4.91
    BATE – –
    AQEU – –
    TQEX 189,185 4.92
    Total 4,227,771 4.92

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 21 March 2025 was EUR 20,782,877. After the disclosed transactions, Nokia Corporation holds 190,328,538 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI USA: Warren and Duckworth Demand Answers from Hegseth on Reports of Musk’s Planned Top-Secret Briefing on U.S. War Plans for China

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    March 21, 2025
    Musk has extensive conflicts of interests, allegations of illegal drug use, and reports of previous problems protecting national security information 
    “Although they may satisfy his curiosity, there is no legitimate national security or other rationale for providing (top-secret war plans) to Mr. Musk.”
    Text of Letter (PDF)
    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Tammy Duckworth (D-Ill.), both members of the Senate Armed Services Committee, wrote to the Secretary of Defense, Pete Hegseth, demanding clarity on meetings held by Elon Musk at the Pentagon today, with questions about whether he received a “top-secret briefing on U.S. war plans for China” that media reports indicated would have provided him with access to information that is “among the military’s most closely guarded secrets.”
    Initial reports from the New York Times, later confirmed by the Wall Street Journal, indicated that Elon Musk was scheduled to receive such a briefing today, “because he asked for one.” But President Trump, Elon Musk and Secretary Hegseth indicated that they may have reversed course after this news became public. However, it still remains unclear what information Mr. Musk received at the Pentagon today.
    “We hope that you did not share top-secret war plans with Mr. Musk today and do not do so in the future,” wrote the senators. “Although they may satisfy his curiosity, there is no legitimate national security or other rationale for providing this information to Mr. Musk – who is not a military or national security expert, is not a member of the President’s cabinet, and is not even serving as a permanent federal employee.”
    Although Mr. Musk is ostensibly engaged in an effort to cut wasteful spending with his Department of Government Efficiency (DOGE), there is no need for him to obtain access to some of our most sensitive secrets in order to do so. Meanwhile, Mr. Musk’s conflicts of interest also raise significant concerns.
    Mr. Musk has extensive business interests in China through his automotive company, including a factory in Shanghai that “was built with special permission from the Chinese government” and “now accounts for more than half of (the company)’s global deliveries.” Along with Mr. Musk’s “extensive financial interests in China,” in public, Mr. Musk has “avoided criticizing Beijing and signaled his willingness to work with the Chinese Community Party (CCP).” He has parroted CCP talking points – contrary to the current official U.S. foreign policy – that Taiwan is “an integral part of China”  and should become a special administrative zone like Hong Kong.
    “The military’s top-secret information is classified as top secret for a reason,” concluded the senators. “The unauthorized disclosure of such information to any one of our adversaries could pose exceptionally grave national security risks.”
    The senators asked Secretary Hegseth a series of questions to establish an accurate accounting of Mr. Musk’s briefing, including precisely what information was provided to Mr. Musk today and why.

    MIL OSI USA News –