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Category: Business

  • MIL-OSI: Resolution Life Announces $9.7 billion Strategic Reinsurance Agreement with Protective Life

    Source: GlobeNewswire (MIL-OSI)

    • $9.7 billion reinsurance transaction
    • Comprised of structured settlement and secondary guarantee universal life business
    • Demonstrates Resolution Life’s prudent risk management, substantial capital strength and proven execution capabilities in the US life and annuity market

    HAMILTON, Bermuda, March 07, 2025 (GLOBE NEWSWIRE) — Resolution Life, a global life insurance group focusing on reinsurance and the acquisition and ongoing management of portfolios of life insurance policies, is pleased to announce the signing of a reinsurance transaction with Protective Life Corporation’s (“Protective”) insurance subsidiaries. Protective is a U.S. subsidiary of Tokyo-based Dai-ichi Life Holdings, Inc.

    The transaction scope includes blocks of in-force structured settlement annuities and secondary guarantee universal life business. Under the agreement, Protective will cede $9.7 billion in reserves and retain administration of the policies.

    The transaction will extend Resolution Life’s position as a leading global manager of in-force life insurance to c.$100 billion of general account life and annuity reserves and over four million policies in-force.

    This comes on the back of strong momentum for Resolution Life with the recent announcement of the acquisition of Resolution Life by Nippon Life to assist in Resolution Life’s next phase of growth.

    Warren Balakrishnan, CEO, US said,

    “This strategic transaction with Protective showcases our ability to manage complex life and annuity products at scale. Our substantial capital strength and proven execution record provide a strong, long-term partner for Protective Life and its policyholders. This transaction is a great example of our reinsurance offering to the US life and annuity market.”

    Moses Ojeisekhoba, President of Resolution Life said,

    “This is an exciting time for Resolution Life. With this transaction we continue to support the primary life insurance industry by providing long term capital for growth so they can respond to the changing needs of policyholders. With the recent announcement of Nippon Life’s acquisition of Resolution Life, we will continue to accelerate our growth in the highly active, multi-trillion-dollar global life and annuity consolidation sector.”

    Rich Bielen, President and CEO of Protective said,

    “At Protective, we are thrilled to announce this strategic reinsurance agreement with Resolution Life. This transaction represents an important milestone, allowing us to generate capital that can be invested for continued growth. We remain committed to growing life insurance sales through our valued distribution partners and look forward to continuing to provide exceptional service to our customers. We are excited about the opportunities it brings for Protective, our customers and our partners.”

    JP Morgan acted as financial advisor and Debevoise & Plimpton LLP served as legal counsel to Resolution Life. Wells Fargo served as financial advisor and Willkie Farr & Gallagher LLP served as legal counsel to Protective.

    Notes to Editors:

    About Resolution Life
    Resolution Life is a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies. Since 2003 to date, prior Resolution entities together with Resolution Life have deployed approximately $19 billion of equity in the acquisition, reinsurance, consolidation and management of life insurance companies. Together, these companies have served the needs of over 13 million policyholders while managing approximately $390 billion of assets. Resolution Life today has operations in Bermuda, the U.K., the U.S., Australia, New Zealand and Singapore assisting the restructuring of the primary life insurance industry globally. Resolution Life provides a safe and reliable partner for insurers by:

    • Primarily focusing on existing customers, with selective new business growth in strategic markets
    • Delivering policyholder benefits in a secure, well capitalised environment
    • Returning capital to our institutional investors in the form of a steady dividend yield

    www.resolutionlife.com

    About Protective
    Protective has helped people achieve protection and security in their lives for 118 years. Through its subsidiaries, Protective offers life insurance, annuity, asset protection and employee benefits solutions and is helping nearly 17 million people protect what matters most. Protective’s approximately 3,800 employees put people first and deliver on the company’s promises to customers, partners, colleagues and communities – because we’re all protectors. With a long-term focus, financial stability and commitment to doing the right thing, Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc., has $125 billion in assets, as of Dec. 31, 2024. Protective is headquartered in Birmingham, Alabama, and is supported by a robust virtual workforce and core sites in the greater Cincinnati area and St. Louis. For more information about Protective, visit www.protective.com.

    Media Enquiries:

    Resolution Life
    Temple Bar Advisory
    Alex Child-Villiers / Sam Livingstone / Alistair de Kare-Silver / Juliette Packard
    +44 (0)20 7183 1190 / resolution@templebaradvisory.com   

    Protective
    +1 205 268 7879
    media@protective.com

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

    March 8, 2025
  • MIL-OSI: Bybit Web3 Expands bbSOL Utility with Jito Restaking for Enhanced Rewards and Liquidity

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, March 07, 2025 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with P2P to introduce rstSOL, a token minted when users stake their bbSOL through Jito’s restaking protocol. With this collaboration, bbSOL holders can now deposit their tokens into the rstSOL vault on Jito, unlocking additional restaking rewards and enhanced capital efficiency. Bybit Web3 expands bbSOL utility in 10 DeFi use cases such as liquidity provision, lending, restaking, and yield trading. 

    Jito (Re) staking is a multi-asset staking protocol designed for Node Consensus Networks (NCNs). It allows staked assets to be tokenized into Vault Receipt Tokens (VRTs), improving liquidity and flexibility. With Jito (Re)staking, NCNs can customize staking rules, penalties, and rewards to optimize security and tokenomics. Due to its unique features, this restaking module is an ideal choice for launching new networks by leveraging shared security. This integration enables users to maximize staking rewards, maintain liquidity, and gain exposure to potential airdrops within the Solana ecosystem.

    “At Bybit, we’re always looking for ways to unlock more opportunities for our users in the Web3 space,” said Emily Bao, Head of Spot and Web3 at Bybit. “Through our partnership with P2P and integration with Jito, bbSOL holders can now access restaking rewards and optimize their staking strategies without losing liquidity. This marks another step forward in our mission to offer cutting-edge financial solutions within the crypto ecosystem.”

    How Jito Restaking Works for bbSOL Holders

    Users can amplify their staking returns in three simple steps:

    1. Obtaining bbSOL involves staking SOL on Bybit Web3, which provides bbSOL in return. Alternatively, bbSOL acquired on Bybit can be transferred to a Web3 wallet.
    2. Connecting to Jito Restaking requires navigating to the Jito platform, using a compatible wallet, and accessing the rstSOL vault.
    3. Restaking bbSOL allows deposits into the rstSOL vault, where additional rewards are generated.

    Bybit’s continued expansion into Web3 staking solutions strengthens its position as a leading innovator in blockchain finance. With Jito restaking, bbSOL holders can enhance their staking strategies, benefiting from increased liquidity, higher returns, and greater flexibility within the Solana ecosystem.

    For more details, users can refer to Bybit’s official guide on utilizing bbSOL with Jito restaking.

    #Bybit / #TheCryptoArk / #BybitWeb3

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

    For more details about Bybit, please visit Bybit Press

    For media inquiries, please contact: media@bybit.com 

    For updates, please follow: Bybit’s Communities and Social Media

    Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

    Contact

    Head of PR

    Tony Au

    Bybit

    media@bybit.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1399478d-0b70-4131-8d33-c2cba527d5d5

    The MIL Network –

    March 8, 2025
  • MIL-OSI United Kingdom: Council budget for 2025/26 agreed

    Source: City of Liverpool

    Councillors have approved Liverpool City Council’s budget for the next year.

    It will see an additional £15.3 million invested in the delivery of frontline services for residents.

    The budget includes an extra £1.5 million for neighbourhood services to help tackle issues such as flytipping, street cleansing and blight.

    The aim is to build on improvements which have seen a 25 per cent drop in complaints about street cleansing and weeding over the last year.

    Changes have included regular maintenance, litter picking and cleansing at 58 new locations, including central reservations, roundabouts and traffic islands; additional litter picks in areas including Kirkdale, Anfield, Picton and Dingle; and monthly cleansing of 850 communal bin stations.

    There is also £500k for the School Streets programme to improve road safety around primary schools.

    An additional £52 million is being set aside to deal with increased demand for adult and children’s social care, temporary housing and home to school transport. The Council has a legal duty to provide adult and children’s services, and they account for 63 per cent of spending.

    Council Leader, Cllr Liam Robinson, said: “This is the most positive budget we have been able to present for some time due to the new government giving greater certainty to councils including future multi-year settlements and a bigger share of funding towards cities like Liverpool.

    “The budget continues our investment in the issues we know local people care about such as street cleansing, waste management and improving recycling rates, which is why we are bringing these services back in-house.

    “Like all councils, we continue to face real pressures in areas such as adult and children’s social care, temporary housing and home to school transport, and will continue to work with sector partners to suggest longer term solutions to the Government.“

    Deputy Council Leader and Cabinet Member for Finance, Resources and Transformation, Councillor Ruth Bennett, said: “We are continuing to make great strides in improving our own financial management to drive up income and make the most of every pound. This is helping manage the demand pressures we face in areas such as social care.

    “This rigorous approach is increasing Council Tax collection levels, reducing outstanding Business Rates and cutting the amount of outstanding debt we are owed.”

    Council Tax bills will rise by 4.99 per cent in Council Tax, including two per cent ringfenced for adult social care. The majority of households in Liverpool – 59 per cent – live in Band A properties, and will see the charge for the council services element of their bill rise by £84.04 per year.

    MIL OSI United Kingdom –

    March 8, 2025
  • MIL-OSI United Kingdom: Prison expanded to create UK’s largest jail and keep public safe

    Source: United Kingdom – Executive Government & Departments

    Press release

    Prison expanded to create UK’s largest jail and keep public safe

    More dangerous criminals will be taken off the streets thanks to a 700-place expansion which will turn a Suffolk jail into the UK’s largest.

    • three new houseblocks to be built at HMP Highpoint in Suffolk by summer 2027
    • key milestone in efforts to deliver 14,000 extra prison places nationwide by 2031
    • part of Government’s Plan for Change to create safer streets

    The three new, four-storey houseblocks at HMP Highpoint will boost its capacity by more than 50 percent– and is the latest step in Government action to create safer streets.  

    The houseblocks will include innovative workshops and teaching facilities to train prisoners with skills to secure a job on release and turn their backs on crime for good. The new cells will be fully operational by summer 2027. 

    The construction is a significant milestone in the Government’s plan to deliver 14,000 more prison places by 2031 to lock up dangerous offenders and keep the public safe.   

    Minister for Prisons, Probation and Reducing Reoffending, Lord James Timpson said: 

    This government is fixing the broken prison system it inherited – wasting no time in getting shovels in the ground to deliver the spaces needed to protect the public. 

    These new houseblocks have been designed with a laser-focus on cutting crime and are a major step in our plan to deliver 14,000 more prison places by 2031.  

    But we cannot simply build our way out of this crisis, which is why we’re also reviewing sentencing so we can lock up dangerous offenders, cut crime and make our streets safer.

    HMP Highpoint Prison Governor Nigel Smith said: 

    The expansion at Highpoint will provide much-needed prisoner places in our region.

    The new accommodation will provide a safe and secure environment for us to rehabilitate prisoners and get them ready for release.  

    We are pleased that the construction work has officially begun and we look forward to working with our contractors to get things delivered.

    The build will be delivered by Wates Group, a leading family-owned development, building and property maintenance company. Once completed Highpoint will be the largest prison in terms of land size in North-West Europe and the largest in the UK based on prisoner population. 

    It will help provide an economic boost to East Anglia with hundreds of jobs created during construction and over 200 permanent jobs at the prison once built. Construction alone will bring investment into local businesses with 30% of materials/subcontractors coming from within a 50-mile radius. 

    Phil Shortman, Regional Managing Director at Wates said:   

    We are proud to be involved in the major programme of delivering much-needed prison spaces.  

    Through the construction of this project, around 2,000 building components have been crafted in prison workshops, providing meaningful employment opportunities, helping develop valuable skills and supporting brighter futures.  

    We look forward to continuing our collaboration with the government delivering additional prison capacity with a focus on rehabilitation, sustainability and social value for the local community.

    The development is part of the government’s 10-year prison capacity strategy published in December. It includes 6,400 places through new houseblocks and 6,500 places via new prisons. One thousand rapid deployment cells will be rolled out across the estate while more than 1,000 existing cells will be refurbished. 

    A 1,500-capacity prison in Yorkshire, HMP Millsike, will be opened in the coming weeks. The government is investing £2.3 billion to deliver these prison builds, while a further £500 million will go towards vital building maintenance across prisons and the probation service.     

    The strategy will work alongside the Independent Sentencing Review to ensure the most serious offenders can always be sent to prison to protect the public.    

    Notes to editors 

    • Ministry of Justice – 10-Year Prison Capacity Strategy
    • Other key stakeholders in the project include Mace, Pick Everard, Baker Hicks, Gleeds and Prism Offsite Manufacturing.

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    Published 7 March 2025

    MIL OSI United Kingdom –

    March 8, 2025
  • MIL-OSI United Kingdom: expert reaction to study looking at butter or vegetable oils and mortality

    Source: United Kingdom – Executive Government & Departments

    March 6, 2025

    A study published in JAMA Internal Medicine looks at butter and plant based oils intake and mortality.

    Prof Sarah Berry, Professor of Nutritional Sciences, King’s College London, said:

    “The study shows that high butter consumption is linked to increased cancer and total mortality, whereas plant-based oils are linked to a lower risk of overall mortality and death due to cardiovascular disease and cancer.

    “This research is very timely.  Social media is currently awash with influencers promoting butter as a health food and claiming that seed oils are deadly.  This large-scale, long-term study finds the reverse.  The authors produce further evidence that seed oil consumption is linked to improved health and that butter – delicious as it is – should only be consumed once in a while.

    “In a sane world, this study would give the butter bros and anti-seed oil brigade pause for thought, but I’m confident that their brand of nutri-nonsense will continue unabated.”

    Dr Louise Flanagan, Head of Research for the Stroke Association, said: 

    “Stroke is the fourth leading cause of death in the UK and a leading cause of adult disability – but, fortunately, nine out of 10 strokes can be prevented.  High blood pressure is the cause of around half of all strokes.

    “This study covered a wider range of plant oils than previous research to find that greater consumption of rapeseed oil, soybean oil or olive oil is associated with an overall lower risk of death.  It is positive to see other plant oils being considered in this way as olive oil has been a focus of much research in the past.

    “The suggestion to switch from butter to plant oils is achievable for many people.  However, it was only olive oil that was associated with a lower risk of death due to cardiovascular disease, including stroke.  Olive oil is typically more expensive than other oils like rapeseed which means that its potential health benefits could be out of financial reach for some.

    “The study didn’t consider what eating both butter and plant oils means in terms of health risks, which is likely to be what many people naturally do.  This is potentially something which could be considered in future studies.

    “The Stroke Association encourages people to maintain a healthy diet, exercise regularly, not smoke and monitor alcohol intake, which can help to maintain healthy blood pressure.  Anyone with concerns should speak to their GP.”

    Prof Parveen Yaqoob, professor of nutritional science at the University of Reading, said:

    “The link between diets high in saturated fat, particularly animal-based fat such as butter and lard, and higher mortality has been argued for decades.  I have seen American adverts from the 1960s extolling the virtues of American housewives “polyunsaturating” their husbands when they come home from work.  This is a fun historical reminder of the link between the food industry and dietary health messages, as well as showing how much woman have had to fight for social progress.

    “This latest research provides strong additional data to support the ‘healthier fats’ theory.  The research followed a large cohort of health workers in America over many years.  The use of food frequency questionnaires means that we are relying on the participants to remember what they have eaten and how much, which we know can be an unreliable indicator of actual dietary patterns.

    “The scientists for this study highlight that not all vegetable oils are equal.  Although butter was being replaced by corn oil and sunflower oil, which are polyunsaturated, in the 1960s and 70s, the oils they are talking about in the research – olive, canola and soybean – are mainly monounsaturated.  The researchers suggests that these are more beneficial than the polyunsaturated fats, and refer to the Mediterranean diet, which is higher in monounsaturated fats such as olive oil, for that reason.  While many Western diets shifted away from saturated fat to polyunsaturated fat in the 1970s, the oils that we consume more often now contain more monounsaturates, which seem to be more beneficial.  Given that there are some plant-based oils that are high in saturates – such as palm oil and coconut oil – it is important to consider them separately.

    “Recent dietary fads have suggested a re-examination of evidence on dietary fat.  People who are confused about these conflicting messages about their diet should focus on broader, well-established advice, which can be summarised as: eat more fresh vegetables.”

    Prof Tom Sanders, Professor emeritus of Nutrition and Dietetics, King’s College London, said:

    “This important study shows that people who chose to eat butter don’t live as long as those who chose to eat vegetable oils.  It is a well conducted prospective study of 221,054 health professionals who were in their fifties when enrolled and followed up for 33 years.  Dietary intakes were assessed every 4 years.  The study reports that those who had the highest intake of butter were 15% more likely to die prematurely (from both cardiovascular disease and cancer).  In comparison the opposite was true (a 16 % reduction in relative risk of all-cause mortality), for participants who had the highest intake of vegetable oil.  The same relationship was seen for olive oil, soybean oil and canola oil (rapeseed oil).

    “The strength of the study is the long period of follow-up, repeated measures of dietary intake and adjustment in the statistical analysis for other factors such as smoking habit and obesity.  The findings do not apply to sunflower, palm or coconut oils which were not consumed to any significant extent in this study.  The limitations are that this an observational study not a randomised controlled trial.  Furthermore, the findings with regard to health professionals may differ from the general population because they are better informed about healthy lifestyle choices.

    “Butter is high in saturated fat, contains some trans fatty acids but is very low in polyunsaturated fats.  Whereas unhydrogenated soybean, canola and olive oils are low in saturated fatty acids but high in unsaturated fats.  Replacement of butter with these vegetable oils is well documented to lower blood cholesterol, particularly that associated with low density lipoprotein (LDL) by about 10%.  This change in LDL cholesterol would be predicted to reduce the relative risk of death by about 3% which is much less than what was observed in this study.  It remains possible that a higher intake of polyunsaturated fatty acids (especially linoleic acid) from the vegetable oil may have played a role in reducing risk by a variety of mechanisms.  An alternative explanation may be that health professionals who are sensible follow prevailing healthy eating and lifestyle advice compared to those who don’t.

    “The take home message is that it is healthier to choose unsaturated vegetable oils rather than butter.  This is particularly relevant as there has been much negative publicity about vegetable oils on social media, which are based on unfounded claims of potential harmful effects, rather than deaths as described in the present study.”

    Prof George Davey Smith, FRS FMedSci, Professor of Clinical Epidemiology, University of Bristol, said:

    “Yet again these studies show that the exposure that is accompanied by large differences in other adverse health exposures – e.g. more than double the rate of cigarette smoking in the highest quartile vs lowest quartile of butter consumption is associated with worse health outcomes.  That these differences cannot be taken into account by the statistical models the authors use is well known; measurement error and unmeasured factors ensure this.  It is now more than 30 years since these authors published two high profile papers back to back in the New England Journal of Medicine claiming that vitamin E supplement use would reduce heart disease risk by 40%.  The claims were incorrect, but many people believed them – the story was the headline news in the New York Times – and started taking vitamin E supplements.  However randomised trials later showed this was nonsense: there was no benefit.  This is documented in the first few minutes of this recent talk https://www.youtube.com/watch?v=8IgpTT5ZXXU&t=2s  As in the conclusion of my blog1 on the same authors’ “dark chocolate” paper, the interesting question this paper raises is “why do supposedly legitimate journals keep publishing papers like this?”.”

    1 https://ieureka.blogs.bristol.ac.uk/2024/12/04/dark-chocolate-diabetes/

    ‘Butter and Plant-Based Oils Intake and Mortality’ by Yu Zhang et al. was published in JAMA Internal Medicine at 21:00 UK time on Thursday 6 March 2025.

    DOI: 10.1001/jamainternmed.2025.0205

    Declared interests

    Prof Sarah Berry: “Sarah has received funding from the Almond Board of California, Malaysian Palm Oil Board and ZOE (Chief scientist at ZOE Ltd, options and consultancy at ZOE Ltd.).”

    Dr Louise Flanagan: “None.”

    Prof Parveen Yaqoob: “Professor Parveen Yaqoob is Deputy Vice-Chancellor, and Pro-Vice-Chancellor (Research & Innovation) of the University of Reading, and professor of nutritional science in the Department of Food and Nutritional Sciences, which has funding from public bodies, charities and businesses to conduct independent scientific research on food and nutrition.

    The Department has done work on dietary fat, including research co-authored by Parveen as part of the DIVAS project: https://research.reading.ac.uk/ifnh/cases/milk-dairy-consumption-risk-cardiovascular-diseases-cause-mortality/  Mostly government or UKRI funded, with industry partners.  The papers listed from that project list grant numbers.

    Work on reducing saturated fat in dairy was a REF case study, which includes grant numbers from BBSRC and MRC, and had industry partners throughout, which is one of the ways in which the research was considered to have impact.

    https://results2021.ref.ac.uk/impact/eefa0a3d-4ba8-4419-8c28-836e06b41eed?page=1.”

    Prof Tom Sanders: “I am a member of the Programme Advisory Committee of the Malaysia Palm Oil Board which involves the review of research projects proposed by the Malaysia government.

    I also used to be a member of the Scientific Advisory Committee of the Global Dairy Platform up until 2015.

    I did do some consultancy work on GRAS affirmation of high oleic palm oil for Archer Daniel Midland more than ten years ago.

    My research group received oils and fats free of charge from Unilever and Archer Daniel Midland for our Food Standards Agency Research.

    Tom was a member of the FAO/WHO Joint Expert Committee that recommended that trans fatty acids be removed from the human food chain.

    Member of the Science Committee British Nutrition Foundation.  Honorary Nutritional Director HEART UK.

    Before my retirement from King’s College London in 2014, I acted as a consultant to many companies and organisations involved in the manufacture of what are now designated ultraprocessed foods.

    I used to be a consultant to the Breakfast Cereals Advisory Board of the Food and Drink Federation.

    I used to be a consultant for aspartame more than a decade ago.

    When I was doing research at King’ College London, the following applied: Tom does not hold any grants or have any consultancies with companies involved in the production or marketing of sugar-sweetened drinks.  In reference to previous funding to Tom’s institution: £4.5 million was donated to King’s College London by Tate & Lyle in 2006; this funding finished in 2011. This money was given to the College and was in recognition of the discovery of the artificial sweetener sucralose by Prof Hough at the Queen Elizabeth College (QEC), which merged with King’s College London. The Tate & Lyle grant paid for the Clinical Research Centre at St Thomas’ that is run by the Guy’s & St Thomas’ Trust, it was not used to fund research on sugar. Tate & Lyle sold their sugar interests to American Sugar so the brand Tate & Lyle still exists but it is no longer linked to the company Tate & Lyle PLC, which gave the money to King’s College London in 2006.”

    MIL OSI United Kingdom –

    March 8, 2025
  • MIL-OSI United Kingdom: Coming up next week at the London Assembly w/c 10 March

    Source: Mayor of London

    PUBLICATIONS 

    Tuesday 11 March

    Building Safety 
    Fire Committee 

    The Fire Committee will publish letters relating to actions recommended to make London’s buildings safe and compliant with fire safety regulations.

    MEDIA CONTACT: Josh Hunt on 07763 252310 / [email protected]  

    Wednesday 12 March

    Mayor’s Police and Crime Plan 2025-29
    Police and Crime Committee 

    The Police and Crime Committee will publish its response to the Mayor’s Draft Police and Crime Plan for 2025-29.

    MEDIA CONTACT: Tony Smyth on 07763 251727 / [email protected] 

    PUBLIC MEETINGS  
                                                                               
    Tuesday 11 March
     
    Broadband connectivity in London 

    Economy, Culture & Skills Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am
     
    The Economy, Culture and Skills Committee will meet to hear evidence on the work being done to improve London’s broadband speeds, the challenges of this, and the impact improved broadband speeds would have on London’s economy.  The guests are:
     
    Panel 1- 10-11.30am:

    • Graeme Oxby – Chief Executive, Community Fibre
    • Stacey McAdie – Digital Connectivity Lead, South London Partnership
    • Trevor Dorling – Director Digital Greenwich, London Borough of Greenwich

    Panel 2 – 11.30am -12.30pm:

    • Emma Stone – Director of Evidence and Engagement, Good Things Foundation
    • Laura Timm – Greater London Representative, Federation of Small Businesses

    MEDIA CONTACT: Tony Smyth on 07763 251 727 / A[email protected]
     

    Wednesday 12 March
     
    Violence against women and girls (VAWG)
     
    Police and Crime Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am

    The Police and Crime Committee will explore the levels of VAWG amongst young people, what services are available for survivors, as well as the Mayor’s VAWG strategy and prevention principles.  The guests are:

    • Jain Lemom, Head of Tackling VAWG, MOPAC
    • Will Balakrishnan, Director of Commissioning and Partnerships, MOPAC
    • Lib Peck, Director, Violence Reduction Unit
    • DAC Alexis Boon, Metropolitan Police Service
    • DCS Angela Craggs, Metropolitan Police Service

    MEDIA CONTACT: Tony Smyth on 07763 251 727 / A[email protected]

    MIL OSI United Kingdom –

    March 8, 2025
  • MIL-OSI Europe: Assessing the Damage of a Trump-Putin Deal

    Source: Universities – Science Po in English

    This is not the “end of history” heralded by some after 1989, but certainly the end of an era marked by the post-war transatlantic alliance of Western democracies. The Alliance was created at the instigation of the United States; it is being undone by the United States. Trump’s pivot to Russia in dealing with the war in Ukraine closes a 75-year-old chapter in our history. It leaves behind a series of casualties’, not just collateral damage.

    Jacques Rupnik, Research Professor Emeritus at Sciences Po Center for International Studies (CERI) briefly sketched the most important. An article originally published by our partner The Conversation.

    The first casualty is Ukraine

    After the Alliance, first and most obvious is Ukraine. After the roasting given to president Zelensky in the White House, broadcast live to the world, the message is clear: there will be a ‘peace’ negotiated by Trump and Putin (their foreign ministers’ meeting was held in Ryiad) and imposed on the Ukrainians. It’s not a “give and take” negotiation, it is “take it or leave it”. Trump branded as a minor trophy in his speech to the Congress on 4 March 2025, the letter received from the Ukrainian president, revising his defiant stance: “I want peace quickly and am prepared to negotiate now”. “Negotiate”? He has not so far been invited to a negotiation which will be about Ukraine without Ukraine. Chose your historical analogy: Munich where Britain and France abandoned Czechoslovakia to Hitler in 1938 or the Hitler-Stalin pact of August 1939 which divided East European spheres of influence between them.

    In accepting the would-be ‘peace deal’ Ukraine would also give the US access to rare earth in Ukraine (some of it happens to be in Donbas controlled by Russia). In short, Ukraine’s choice, now deprived of US military backing (including intelligence and the capacity to strike in Russian territory), is: do you want to continue fighting on your own with the risk of being gradually exhausted and occupied by Russia or are you willing to cede, say, half of your territory – to the “Donald Trump & Co” mining company? Make-up your mind fast as the US president promised the deal would be settled within hundred days.

    The second casualty is Europe

    The second casualty is Europe or more precisely the political and security predicament inherited from the cold-war era and confirmed during America’s “unipolar moment” (Charles Krauthammer) which followed 1989. The moment was just that, a moment. Until now, the overwhelming majority of EU member-states cherished as an article of faith the idea that the American security umbrella was there and would stay there. That meant clinging to US foreign and security agenda and provide support to US international adventures including the 2003 war in Iraq. The East Europeans in particularly were adamant: you follow the US in the Mesopotamian desert, whether or not you believed the case made for it, but because you considered it as the best investment in your own security just as you were joining NATO. America was and remained the “indispensable nation” as Madeleine Albright put it. For many, particularly in Germany, Trump’s first term in office was seen as a mere parenthesis. Now it is Biden’s presidency which looks like a parenthesis between Trump I and Trump II.

    Macron’s call for European “strategic autonomy” or “European sovereignty” were seen with some suspicion as perhaps another neo-Gaullist ploy to distance Europeans from their American allies. A misperception as what was Macron was proposing was “Eurogaullism”, i.e. not French but European “strategic autonomy”.

    The harsh truth about Trump’s pivot to Russia

    Now the Europeans in a state of shock have to confront some harsh truths about Trump’s pivot to Russia and the Alliance losing its most precious asset: trust. The Nato article 5 guarantee – the principle of collective defence, which means that an attack against one Ally is considered as an attack against all Allies – is still formally there, but the faith in the American guarantee is gone.

    What we have just witnessed is the ‘de-coupling’ between the European and American allies. That had been a long-term objective of Soviet foreign policy during the cold war; it now comes true under Putin. In the 1980’s when the Soviet SS20 medium range missiles were deployed (could hit Western Europe, not the US), West Europeans supported the deployment of American Pershing missiles. French president Mitterrand went to the Bundestag to make the case in the face of a strong pacifist reaction in Germany: “Les missiles sont à l’Est, les pacifistes sont à l’Ouest” (“Missiles are in the East, pacifists are in the West”), Mitterrand said.

    A defining moment for Europeans

    This is now a defining moment for Europeans and it remains to be seen if and how they will rise to the occasion. The Munich conference displayed one, not very encouraging version. J. D. Vance first surprised his audience saying he was more worried about the threat from within (liberalism and its liberal and/or progressive values) than from without (Putin). He chastised the Europeans for not living up to the democratic values, leaving the European establishment present at the conference baffled and amazed: not just the war in Ukraine, but democracy too was now explictly part of the new Atlantic divide. Tensions between popular sovereignty as expressed in elections, and the rule of law with the separation of powers and its constitutional constraints, has been at the center of a more than two centuries old debate on both sides of the Atlantic (back to Tocqueville and his warnings about the “tyrany of the majority”). Vance made the case for the Trumpian version of “populist democracy” attacking the prevailing European version of liberal democracy based on the rule of law. Instead of responding in kind, as Vance rushed off to his meeting with the leader of the extreme right AfD, the president of the Munich conference, Christoph Heussgen, an experienced German diplomat, collapsed in tears. The whipping boy vs the weeping boy. A sad symbolic moment for Europe.

    However, in response to Trump’s pivot to Russia, the Europeans are coming to terms with the fact that they are now on their own. The meeting organised in London on 2 March 2025, suggests that a coalition of the willing is in the making in support of Ukraine and determined to give substance to a European “common security and defense policy” long discussed, now to be implemented.

    Who will be part of it?

    Who will be part of it? France and Britain, because of their military capacity, their nuclear power status and their old strategic culture. The Weimar triangle Paris-Berlin Warsaw is likely be its crucial axis within the EU. Macron has taken an increasingly tough stance on Russia and can claim to be a forerunner in terms of Europe’s “strategic autonomy”. The new German chancellor, Friedrich Merz, has for the first time openly suggested that defense spending should not be constrained by outdated spending limits and that German/European security will have to be envisaged independently of the US.

    Poland’s Donald Tusk, now in charge of EU’s rotating presidency, has been a forerunner in his warnings about Russian expansionist ambitions and is the most explicit among Europeans concerning the effort needed in terms of building a European defense capacity (Poland spends 4,5% of the GDP for defense). The coalition will also include the Nordic countries: Danmark, mobilised in defense of… Greenland (!), Finland and Sweden who know a thing or two about the Russian threat and have now joined Nato only to discover that its founder is on the way out…

    As Tusk aptly put it: “500 million Europeans expect 340 million Americans to protect them against 140 million Russians”. Time for Europeans to take charge of their own destiny.

    MIL OSI Europe News –

    March 8, 2025
  • MIL-OSI: Katapult to Announce Fourth Quarter and Full Year 2024 Financial Results on March 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    PLANO, Texas, March 07, 2025 (GLOBE NEWSWIRE) — Katapult Holdings, Inc. (NASDAQ: KPLT), an e-commerce-focused financial technology company, today announced it will release its fourth quarter and full year 2024 financial results before the market opens on Friday, March 28, 2025. The company will host a conference call and webcast to discuss these results at 8:00 AM ET that same day.

    A live audio webcast of the conference call will be available on the Katapult Investor Relations website at http://ir.katapultholdings.com/. A replay will be available on the investor relations website following the call.

    About Katapult

    Katapult is a technology driven lease-to-own platform that integrates with omni-channel retailers and e-commerce platforms to power the purchasing of everyday durable goods for underserved U.S. non-prime consumers. Through our point-of-sale (POS) integrations and innovative mobile app featuring Katapult Pay™, consumers who may be unable to access traditional financing can shop a growing network of merchant partners. Our process is simple, fast, and transparent. We believe that seeing the good in people is good for business, humanizing the way underserved consumers get the things they need with payment solutions based on fairness and dignity.

    For more information, visit www.katapult.com.

    Contact:

    Jennifer Kull
    VP of Investor Relations
    IR@katapult.com

    The MIL Network –

    March 8, 2025
  • MIL-OSI Europe: Federal Council initiates consultation on changing the FATCA model

    Source: Switzerland – Department of Finance

    During its meeting on 7 March 2025, the Federal Council opened the consultation on a new FATCA Agreement. In the future, Switzerland should no longer provide information on financial accounts to the United States on a unilateral basis, but instead also receive information from the United States as part of an automatic exchange of information. The consultation lasts until 14 June 2025.

    MIL OSI Europe News –

    March 7, 2025
  • MIL-OSI: Best Automated Email Marketing (2025): Klaviyo Awarded Top Email Marketing Software by Software Experts

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK CITY, March 07, 2025 (GLOBE NEWSWIRE) — Software Experts has recognized Klaviyo as the top email marketing software for 2025, cementing its position as a leader in automated email marketing solutions. The announcement highlights Klaviyo’s advanced capabilities in automation, segmentation, and analytics, making it an essential tool for businesses aiming to enhance customer engagement and optimize marketing strategies.

    Top Automated Email Marketing

    • Klaviyo – By combining data integration, automation, and personalization, it becomes an essential tool for marketers seeking to build deeper connections with their audience.

    This article is sponsored by Klaviyo. All opinions are solely those of Consumer365. Consumer365 offers news and reviews on consumer products and services and may earn commissions from purchases made through featured links.

    The decision to award Klaviyo this distinction was based on its comprehensive features, user-friendly interface, and ability to deliver measurable results. The platform continues to redefine email marketing by integrating data-driven insights with personalized communication, addressing the evolving needs of businesses in a competitive digital landscape.

    Transforming Email Marketing Through Automation

    Klaviyo’s automated email marketing platform enables businesses to use real-time data in creating a campaign. By leveraging robust automation workflows, companies can streamline processes, save time, and enhance the relevance of their communications.

    Automation in Klaviyo revolves around its “Flows” feature, which allows users to design sequences of emails triggered by specific customer actions. Flows also support branching functionality, enabling businesses to create dynamic pathways that adapt based on customer behavior. Additionally, Klaviyo integrates email flows with other channels like SMS and push notifications, ensuring a seamless, multi-channel marketing approach. Examples include welcome series emails for new subscribers, abandoned cart reminders, and post-purchase follow-ups. These workflows ensure that customers receive timely and meaningful content, driving higher engagement and conversion rates.

    Data-Driven Insights for Better Decision-Making

    One of Klaviyo’s standout features is its ability to integrate and analyze customer data from multiple sources, including e-commerce platforms and websites. This capability enables businesses to segment audiences effectively and deliver highly targeted messages.

    Segmentation in Klaviyo goes beyond basic demographic filters. It uses behavioral and transactional data to create detailed customer profiles, ensuring that messages resonate with individual preferences and needs. For example, sellers offering different variants of a product can now use a customer’s variant preference for future campaign information or suggestions.

    The platform also provides detailed reporting that tracks key performance indicators such as open rates, click-through rates, and revenue attribution. These insights empower businesses to evaluate the effectiveness of their campaigns and make data-driven adjustments for continuous improvement.

    Integration and Scalability for Modern Businesses

    Klaviyo integrates seamlessly with popular e-commerce platforms such as Shopify, WooCommerce, PrestaShop, and Magento or restaurant POS platforms like Toast, Olo, and Square. This interoperability allows businesses to sync customer data effortlessly and maximize the utility of their marketing tools.

    The platform’s scalability is another critical factor in its appeal. Klaviyo caters to businesses of all sizes, from startups to large enterprises, by offering flexible pricing plans and customizable solutions. Its adaptability ensures that companies can scale their marketing efforts as they grow, without needing to transition to a different platform.

    Addressing Industry Trends and Challenges

    Klaviyo has been a leader in email marketing for years, consistently adapting to changes in the digital landscape to remain a top provider. As personalization and automation continue to shape the industry, Klaviyo ensures that businesses can keep up with evolving customer expectations and marketing challenges.

    Recent updates from Yahoo and Google have made email deliverability more complex, requiring businesses to adopt best practices to maintain inbox placement. Klaviyo has helped customers navigate these changes by providing advanced deliverability tools, ensuring that messages reach the intended audience. By focusing on real-time customer data and AI-driven personalization, Klaviyo enables businesses to maintain strong engagement while staying compliant with evolving email standards. 

    Klaviyo’s focus on real-time customer data and AI-driven personalization aligns with industry trends. Its capabilities allow businesses to stay ahead of competitors by meeting customer expectations and enhancing brand loyalty. The platform also addresses the challenge of balancing efficiency with creativity, providing users with intuitive tools to design visually appealing emails without compromising on performance.

    The Role of Klaviyo in Supporting Business Growth

    By enabling businesses to automate repetitive tasks, Klaviyo helps marketers focus on strategic initiatives that drive growth. Its emphasis on delivering measurable outcomes—such as increased sales, improved customer retention, and higher ROI—makes it a valuable asset for any organization.

    The platform’s impact is particularly evident in the e-commerce/B2C sectors, where timely and relevant communications can significantly influence purchasing decisions. Klaviyo’s ability to leverage customer data to craft personalized experiences gives businesses a competitive edge in this dynamic market.

    Klaviyo’s recognition as the top email marketing software for 2025 by Software Experts underscores its commitment to innovation and excellence in automated email marketing. By combining advanced automation, robust analytics, and seamless integrations, the platform empowers businesses to create meaningful connections with their customers while achieving their marketing objectives.

    As digital marketing continues to evolve, Klaviyo’s focus on data-driven personalization positions it as a key player in the industry. Its tools not only enhance operational efficiency but also enable businesses to deliver value to their customers in a way that fosters loyalty and long-term success.

    The full review of Klaviyo’s email marketing platform can be read at the Software Experts website. To know more about signing up with Klaviyo, click here.

    About Software Experts: Software Experts provides news and reviews of consumer products and services. As an affiliate, Software Experts may earn commissions from sales generated using links provided. 

    The MIL Network –

    March 7, 2025
  • MIL-OSI: Bitget Blockchain4Her’s Anniversary: A Year in Review

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 07, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is reflecting on the remarkable year of achievements of its Blockchain4Her initiative. Since its inception in January 2024, Blockchain4Her has made impactful strides to bridge the gender gap in Web3 by empowering women through education, mentorship, funding and networking opportunities to thrive in the Web3 ecosystem.

    In March 2024, Gracy Chen, CEO of Bitget and initiator of Blockchain4Her, was invited to shed light on gender equality initiatives at the UN Commission on the Status of Women (UNCSW). This inclusion illuminates Bitget’s impact on the global stage and its voice in shaping conversations around diversity, inclusion, and equitable opportunities in the blockchain industry.

    To further its mission, Bitget unveiled the Blockchain4Her Ambassador Program, enlisting female crypto leaders to be ambassadors and catalysts for change. Our distinguished ambassadors are; Tess Hau, Founder of Tess Ventures, Yevheniia Broshevan, Co-founder of Hacken and Cecilia Hsueh, the CEO of Layer 2 ecosystem project Morph. Leaning on their expertise and experience, the ambassador program aims to encourage more women to join space by building a safe-space for women to explore blockchain.

    In September 2024, Bitget participated in the SheFi Summit in Singapore, which saw hundreds of participants from around the world. The event featured the inaugural Blockchain4Her Awards, recognizing five outstanding women for their contributions to the blockchain industry. Looking specifically at Southeast Asia, Bitget also held Southeast Asia Blockchain4Her Awards to honor the achievements of women leaders in the region. Entrepreneurs Jenny Nguyen (Nguyen Ngoc Son Quynh), Bea Llana, Theresa Tjandrawinata and Cheryl Law were awarded for their innovative solutions and contribution to the crypto scene while Tascha Punyaneramitdee won the “Innovative Web3 Female Entrepreneur Award – SEA edition.”

    “At Bitget, we believe that innovation thrives when diversity leads the way. Blockchain4Her is more than just a program; it’s a movement. We’re committed to providing women with the education, mentorship, and opportunities they need to participate in the Web3 revolution and to lead it. The future of blockchain is inclusive, and together, we are shaping it,” said Gracy Chen, CEO at Bitget.

    Bitget also launched the “Pitch n Slay” program, aiming to provide financial support, professional guidance, and exposure for female entrepreneurs. The final event was held in Bangkok, Thailand, in November 2024, where shortlisted female-led projects had the opportunity to compete for a share of $100,000 in seed funding via Foresight Ventures. Anne Beh, Founder at Art3mis, an Oracle AI Tarot card fortune-telling achieved 3rd place, whereas Doris Hernandez, Co-Founder at Functor Network, an Automatic Layer for AI agents secured 2nd position. The first prize was won by Julija Bainiaksina, Founder at MiniMe, an AI agent as-a-service project.

    In the past year, Blockchain4Her made significant strides in supporting and empowering women in the blockchain industry. The program distributed $50,000 to support promising projects led by women and recognized nine exceptional women with the Blockchain4Her Awards for their inspiring contributions. In addition, Blockchain4Her hosted over 10 meetups globally, fostering meaningful conversations and collaborations within the community. These events attracted more than 1,000 women who participated in networking, learning, and driving innovation in the blockchain space. The initiative also garnered substantial global media attention, amplifying its mission and impact worldwide.

    Looking ahead, Bitget will continue to advocate opportunities for women in blockchain. Through partnerships and investing in education and mentorship, Bitget will continue to be a driving force in fostering an inclusive Web3 ecosystem, empowering women to lead, innovate, and shape the future of blockchain together.

    To learn more about Blockchain4Her, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e326feee-aa16-416b-9622-994a4f4320ff

    The MIL Network –

    March 7, 2025
  • MIL-OSI: Insurance expert Mactavish hires senior Private Equity leaders for newly established Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    London, March 07, 2025 (GLOBE NEWSWIRE) — Expert insurance buyer Mactavish has recruited two senior Private Equity leaders to join its newly established PE Advisory Board as it looks to address the shortfall in insurance provision to the sector. Steve Darrington, former Partner at Phoenix Equity Partners and Yann Soulliard, former Managing Partner of Lloyds Development Capital, will bring 50 years of experience to help drive Mactavish’s engagement with the multi-billion pound turnover industry.  

    The board will work to address the gap in insurance provision that leaves many PE companies exposed to claims, both from the activities of their own organisations and the portfolio companies they manage. Bruce Hepburn, CEO and founder of Mactavish, said: “Over the past five years working with PE clients has taught us that many firms are totally unaware of the risks embedded in their own organisations and the exposure they have to their portfolio companies. All too often they buy insurance that is not for fit for purpose and will not deliver when called upon.”

    PE sector insurance deficiencies that Mactavish has had to rectify include companies delivering on-site IT support not being protected for claims arising from work on third-party systems; fintech firms wrongly advised not to buy professional indemnity or cyber cover despite these being their main risks; sole-source manufacturers uninsured for supply chain interruption; insurance programmes excluding key entities, geographies or services entirely. As backers of often high growth innovators, the PE sector is especially exposed to failings arising from hastily arranged, overly standard insurance. 

    Steve Darrington said: “I’m delighted to be Chairing the Mactavish PE Advisory board. When I worked in Private Equity, I had first-hand experience of the problems that can arise from badly drafted insurance contracts. Mactavish sorted out the problems we faced which gives me enormous confidence to be working with them to support the sector.”

    With the insurance cycle turning, and the market entering into a ‘soft’ phase, premiums are currently falling.  While this may be viewed as good news for corporate buyers of insurance it also means revenues available for insurance claims will be restricted.  Mactavish expects the change in market conditions will prompt more insurers to use weaknesses in insurance contracts to reject claims, pushing companies to the courts if they want to get paid out.

    Mr Hepburn said: “Legal disputes over unpaid claims have been rising rapidly over the last 10 years. We expect that to only increase over the short to medium term as more insurers look to protect their balance sheets by saying no to claims they may have previously paid out on.  Litigation can offer redress, but it is a long and arduous process which normally results in companies settling for much less than the full claim value.  It is much easier and cheaper to get things right from the outset rather than try and fix something further down the line.”

    *****
    Mactavish is the UK’s leading independent outsourced insurance buyer and claims resolution expert. Combining technical and legal knowledge alongside commercial know-how and buying power, they support their clients by designing insurance programmes that are appropriate for their risk, to drive down cost and resolve large claims.

    Mactavish’s claims practice is Chaired by Law Commissioner David Hertzell. It is built on three principles – Independence, Expertise, Flexibility: Mactavish offers fully independent advice to their clients. They have no affiliation to any insurer and only to represent their clients’ best interests to ensure they explore all avenues to resolution. Mactavish’s plural expertise in claim resolution, insurance analysis and placement operated under a Licenced Access model is critical when it comes to resolving clients’ claims. They ensure an outcome that holds insurers to account for the critical role they play in supporting businesses.

    Mactavish takes a multi-disciplinary approach to claims resolution, meaning they can access the most appropriate legal, financial or technical specialists, depending on the circumstances of a client’s claim. They combine the best legal and technical insurance analysis from the start to get the right result.

    See www.mactavishgroup.com or contact jamesoconnor@mactavishgroup.com / +44(0)207 046 7956 for more details

    The MIL Network –

    March 7, 2025
  • MIL-OSI: Best Marketing Automation Platform (2025): Klaviyo Named Top Marketing Automation Software by Software Experts

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK CITY, March 07, 2025 (GLOBE NEWSWIRE) — Marketing automation continues to shape B2C digital marketing, enabling brands to streamline processes, personalize engagement, and optimize campaigns. As businesses increasingly adopt data-driven tools, Software Experts has named Klaviyo the top marketing automation software for 2025, recognizing its innovation in AI-driven automation, omnichannel connectivity, and first-party data strategies.

    Best Marketing Automation Platform

    • Klaviyo — the marketing automation platform unifies customer data to deliver personalized and data-driven experiences across email, SMS, and other digital channels.

    This article is sponsored by Klaviyo. All opinions are those of Software Experts. Software Experts provides news and reviews on consumer products and services and may earn commissions from purchases made through featured links.

    Klaviyo, established in 2012 by Andrew Bialecki and Ed Hallen, is headquartered in Boston, Massachusetts. The platform specializes in marketing automation solutions tailored for B2C, focusing on email and SMS marketing. Over 167,000 businesses worldwide rely on Klaviyo to deliver personalized customer experiences.

    “Klaviyo stands out for its ability to consolidate customer data and create seamless, personalized marketing experiences,” said Drew Thomas, a representative from Software Experts. “The platform’s innovative approach and user-friendly design empower businesses to maximize their marketing potential while adapting to the demands of a rapidly evolving digital landscape.”

    The software’s strength lies in its ability to unify customer data from various sources, enabling businesses to create comprehensive workflows that respond to customer behavior in real time. Klaviyo offers 350+ pre-built integrations for businesses of all sizes and industries. This capability allows the same businesses to deliver tailored and timely omnichannel experiences for their customers.

    Changing marketing landscape

    Marketing automation has become essential for businesses navigating an increasingly competitive digital environment. Platforms like Klaviyo address this need by combining efficiency with personalization, offering solutions across email, SMS, mobile push notifications, and social advertising. By leveraging tools such as real-time segmentation and pop-up forms, businesses can deliver timely and relevant content that strengthens customer relationships and drives growth. With these features, businesses can continually refine their strategies, ensuring that every effort delivers measurable value and consistent growth.

    Enhancing B2C Marketing and Customer Engagement

    As consumer expectations for seamless, personalized interactions continue to grow, businesses are turning to integrated platforms that unify marketing, service, and analytics. In response to this shift, Klaviyo has introduced new features, expanding its B2C CRM capabilities to help brands optimize engagement across multiple touchpoints. These enhancements reflect broader industry trends emphasizing first-party data, AI-driven automation, and connected customer experiences as key drivers of marketing success.

    At the core is Klaviyo’s B2C CRM, designed to streamline marketing automation, customer service, and analytics within a single system. Built on the Klaviyo Data Platform and powered by AI-driven insights, the platform enables brands to segment audiences with greater accuracy, automate engagement across channels, and deliver real-time personalization at scale. With consumer preferences shifting toward more relevant and timely interactions, these advancements help businesses tailor their messaging while maintaining efficiency.

    Klaviyo’s latest marketing features also emphasize omnichannel connectivity, allowing brands to coordinate email, SMS, mobile push notifications, and product reviews in a single workflow. AI-powered tools further enhance performance by optimizing sign-up forms, automating A/B testing, and refining segmentation based on predictive analytics. These updates align with the increasing reliance on AI to personalize marketing at scale while minimizing manual effort.

    Beyond marketing, Klaviyo has strengthened its customer service capabilities with the introduction of the Customer Hub, a self-service portal where consumers can track orders, initiate returns, and receive support. By integrating service and marketing data, businesses can provide more personalized customer interactions that drive both retention and conversion. Moreover, AI-driven pre-sales agents can now assist customers directly on e-commerce storefronts, answering product-related inquiries in real time to improve purchasing decisions.

    With businesses seeking more data-driven, automated, and integrated approaches to customer engagement, Klaviyo’s latest features position the platform at the forefront of next-generation marketing automation. By bridging marketing and service within a unified CRM, these innovations reflect the broader industry movement toward holistic, AI-enhanced customer experience strategies that drive long-term brand loyalty and business growth.

    Software Experts’ recognition underscores the growing importance of intelligent marketing automation in today’s rapidly evolving business landscape. As companies seek to deliver more personalized and efficient customer interactions, the ability to centralize data, automate workflows, and leverage AI-driven insights has become essential. The recognition of Klaviyo as the top marketing automation software for 2025 reflects its commitment to innovation and its role in helping businesses navigate the increasing complexity of customer engagement.

    With the continued shift toward AI-enhanced automation and first-party data strategies, businesses are investing in tools that provide real-time insights and seamless integration across marketing and service channels. The expansion of Klaviyo’s B2C CRM capabilities, alongside its latest AI-driven features, aligns with this broader industry movement, ensuring that brands can remain agile, data-driven, and responsive to changing consumer expectations.

    Read the full review at the Software Experts website.

    About Software Experts: Software Experts provides news and reviews of consumer products and services. As an affiliate, Software Experts may earn commissions from sales generated using links provided. 

    The MIL Network –

    March 7, 2025
  • MIL-OSI: MEXC Unveils Exclusive FTX Creditor Event with a Prize Pool Exceeding 300,000 USDT

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 07, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced an exclusive event aimed at supporting users impacted by the FTX incident. This event seeks to help FTX creditors rebuild their confidence in the market during these challenging times. With its secure and rewarding trading environment, MEXC is committed to supporting users in times of uncertainty, offering opportunities to help them regain trust and stability in the crypto space.

    To help affected users, MEXC is launching a spin-to-win event beginning at 10:00 (UTC), February 27, 2025, and lasting until 02:00 (UTC), March 18, 2025. MEXC’s spin-to-win event will give eligible participants a chance to share in a prize pool of 300,000 USDT, including an opportunity to win up to 0.1 BTC. Participants can also enjoy exclusive MX holder perks, including high APY earnings from free airdrops, 50% trading fee discounts, and up to 70% commission rebates from referrals. New users can claim a welcome bonus of up to $8,000 to kickstart their journey on MEXC.

    MEXC remains committed to delivering a secure, innovative, and user-centric trading experience, empowering traders worldwide with greater opportunities in the evolving crypto landscape. With advanced security measures and a dedicated trading insurance fund, MEXC ensures a safe and transparent trading environment, backed by industry-leading compliance standards. The platform offers deep market depth, high liquidity, and one of the lowest trading fees in the industry, enabling seamless transactions and a superior trading experience.

    MEXC aims to become the go-to platform with the widest range of valuable crypto assets. MEXC has grown its user base to over 32 million by providing a diverse selection of tokens, high-frequency airdrops, and a seamless, intuitive user journey for participation in various events. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 32 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website| X | Telegram |How to Sign Up on MEXC

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39da10e6-6d35-46ac-b326-fe4ee6dbd725

    The MIL Network –

    March 7, 2025
  • MIL-OSI Economics: Lufthansa Group increases proportion of women in management positions to over 25 percent

    Source: Lufthansa Group

    The Lufthansa Group achieved its target of 25 percent female managers in the first quarter of 2025. Six years ago, the International Air Transport Association (IATA), the umbrella organization and association of over 300 airlines worldwide, launched the “25by2025” target to improve diversity, equality and inclusion in the aviation industry. More than 200 aviation companies have committed to this goal.

    Michael Niggemann, Member of the Executive Board of Deutsche Lufthansa AG responsible for Human Resources & Legal Affairs: “We are delighted to have increased the proportion of women in management positions across the Group to over 25 percent. Admittedly, this is still too little – the steps are sometimes small and somewhat laborious, but that is precisely why they are particularly important and necessary. The goal is and remains sustainable development without gender discrimination. We are particularly proud of the impressive growth in the field of technology. We will now continue to consistently pursue the path we have taken – through talent promotion programs and guidelines on the visibility of female candidates in the application process. We want to and will exploit the full potential of talented junior staff.”

    The proportion of female managers in the three top management levels below the Executive Board in the Lufthansa Group is 25.3 percent. To increase the number of female managers, the Lufthansa Group launched a global program for women in management positions.

    MIL OSI Economics –

    March 7, 2025
  • MIL-OSI Banking: Taiwan e-commerce market to grow by 7.9% in 2025, forecasts GlobalData

    Source: GlobalData

    Taiwan e-commerce market to grow by 7.9% in 2025, forecasts GlobalData

    Posted in Banking

    Taiwan’s e-commerce market is forecast to grow by 7.9% in 2025, continuing its fast-paced growth driven by the ongoing shift of consumer preferences from offline to online shopping, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Taiwan Cards and Payments – Opportunities and Risks to 2028,” reveals that the e-commerce transaction value in Taiwan has shown a steady increase, with the market size growing from TWD994.1 billion ($31.0 billion) in 2020 to TWD1.5 trillion ($47.6 billion) in 2024.

    Shivani Gupta, Senior Banking and Payments Analyst at GlobalData, comments: “Taiwan boasts a robust e-commerce market, supported by increasing internet penetration, rising smartphone usage, secure online payment options, and a growing trust among consumers in online shopping. Online shopping festivals such as Single’s Day (Double 11), Double Twelve, 618 Festival, and Black Friday have also contributed to the overall growth of e-commerce in Taiwan.”

    According to the 2024 Taiwan Internet Survey, conducted by the Taiwan Network Information Center, a non-profit organization for national network information in Taiwan, in June 2024, online shopping penetration in Taiwan stood at 48.57%. E-commerce application usage is most prevalent among individuals aged 18-29 and 30-39, with the lowest adoption rate observed among Taiwanese citizens aged 70 and above.

    Among payment methods, payment cards are the most preferred method for online purchases, according to the GlobalData’s 2024 Financial Services Consumer Survey*. Credit cards are more preferred due to the value-added benefits they offer, including interest-free installment payment options, reward programs, cashback, and discounts.

    Alternative payment solutions are the second most preferred payment tool for online purchases. Their popularity can be attributed to their convenience, speed, and security features. LINE Pay remains the most preferred alternative payment option, with international brands such as Apple Pay, PayPal, and Google Pay also making their presence felt.

    Despite the growing popularity of digital payment methods, cash still holds significance. The resilience of cash can be attributed to consumer preferences for traditional payment methods, concerns over cybersecurity, and a lack of access to banking services in some regions of the country.

    Gupta concludes: “Looking ahead, the e-commerce transaction value in Taiwan is forecast to continue its upward trajectory in the coming few years. This can be attributed to growing consumer preference for online channels, improving payment infrastructure, proliferation of alternative payment solutions, and growing popularity of innovative online shopping methods. The Taiwan e-commerce market is expected to reach TWD2.1 trillion ($64.3 billion) in 2029.”

    *GlobalData’s 2024 Financial Services Consumer Survey was carried out in Q2 2024. Approximately 67,292 respondents aged 18+ were surveyed across 41 countries.

    MIL OSI Global Banks –

    March 7, 2025
  • MIL-OSI Banking: Fiber to drive Japan fixed communication services market to over $26 billion in 2029, forecasts GlobalData

    Source: GlobalData

    Fiber to drive Japan fixed communication services market to over $26 billion in 2029, forecasts GlobalData

    Posted in Technology

    Fixed communication services revenue in Japan is expected to grow marginally from $25.4 billion in 2024 to $26.6 billion in 2029, maintaining a sluggish CAGR of 0.9%.  The decline in fixed voice services will continue, while broadband growth remains moderate, driven by increasing fiber adoption but offset by falling cable and xDSL subscriptions, says GlobalData, a leading data and analytics company.

    GlobalData’s research reveals that fixed voice service revenue will decline at a CAGR of 0.5% over the 2024-2029 period, given the steady drop in circuit-switched subscriptions and sluggish growth in packet switched (VoIP) subscriptions as users from traditional voice services to OTT/app-based communications.

    Fixed broadband service revenue, on the other hand, is expected to increase at a moderate CAGR of 1.6% over the forecast period, mainly due to growth in FTTH/B subscriptions.

    Neha Mishra, Telecom Analyst at GlobalData, comments: “Fiber lines accounted for about 87% share of the total fixed broadband lines in 2024 and will remain the leading broadband technology through to 2029. This growth in fiber lines will be supported by rising demand for high-speed broadband connectivity and government’s efforts to increase the availability and promote the adoption of FTTH/B services.

    For instance, in 2023, the Japanese government announced its goal to cover 99.9% of households with fiber-optic networks by the end of 2027 while bridging regional disparities in broadband access.

    This increase in FTTH/B subscriptions will however be offset by the continued decline in cable Internet and xDSL subscriptions, keeping growth in the overall fixed broadband service revenues moderated over the forecast period.

    Neha concludes: “NTT Docomo will lead both fixed voice and fixed broadband segments by subscriber share through 2029. The telco’s leading position in the fixed broadband segment is due to its strong presence in the FTTH/B service segment, offering a wide range of tariff plans based on data usage that serve the needs of both entry-level as well as premium users.”

    MIL OSI Global Banks –

    March 7, 2025
  • MIL-OSI United Kingdom: Apprenticeship funding

    Source: Scottish Government

    Funding for 25,500 new Modern Apprentices, 2,500 Foundation Apprentices.

    More than £100 million funding to support Modern and Foundation Apprenticeships in 2025-26 has been confirmed by Education Secretary Jenny Gilruth.

    Contracts will now be issued by Skills Development Scotland to employers, training providers and colleges for Modern Apprenticeship starts and learning providers for Foundation Apprenticeship starts.

    The Education Secretary made the announcement following a visit to Glenrothes High School to mark Scottish Apprenticeship Week.

    Ms Gilruth said:

    “Around 400,000 apprenticeship opportunities have been provided to young people across the country since 2008 and our latest funding commitment makes clear they will continue to be a key feature of Scotland’s education and skills system going forward. Apprenticeships provide vital opportunities for young people to acquire key skills and a route into high quality careers, helping the economy and creating sustainable jobs.

    “Feedback from employers indicates that there are key skills gaps and we are aiming to focus investment on apprenticeships in sectors facing labour market shortages. I would encourage businesses to consider opportunities available to them, to help them adapt and sustain their operations.

    “Supporting apprenticeships is just one part of the £2 billion we are investing each year in colleges, universities and the wider skills system, recognising the vital role they play in education and the economy.”

    Chair of Skills Development Scotland Frank Mitchell said:

    “Created by employers, for employers, apprenticeships are crucial to unlocking economic opportunity in growth sectors.

    “With demand from employers and young people remaining strong, SDS will continue working to maximise apprenticeship starts aligned to industry need within its available budget.

    “Apprenticeships foster innovation, economic growth, and new opportunities whilst providing great social return, generating opportunities for many young people from Scotland’s most deprived communities.”

    At Glenrothes High School, Ms Gilruth met S6 pupil Demi Short, undertaking a Childcare Foundation Apprenticeship, who said the opportunity had highlighted a potential career path for her.

    Demi said:

    “Overall, my experience of the Childcare Foundation Apprenticeship is extremely positive, as it has sparked my desire to work within the primary education course.

    “The placement has sparked my love and passion within this career. I will always be thankful for my placement, and the experience.”

    Jack Mellis, also in S6, is undertaking a Creative and Digital Foundation Apprenticeship, and spoke about the practical skills he had gained.

    Jack said:

    “The creative and digital course teaches you anything digital in the creative industry, including making videos for social media, designing posters for anything requested, creating sound and working rigging equipment for this purpose. You learn how to read a creative brief and how to respond, what software to use and so on.

    “I am currently on my work placement in technical theatre, where I can use the skills I gathered during my course. I have no doubt that the skills I have learnt from my course and work placement will allow me to get a job in many different places, such as marketing teams for companies, radio or movie studios, or even my own video making company.”  

    Headteacher of Glenrothes High School, Avril McNeill, said:

    “Anyone considering a Foundation Apprenticeship in school should go for it – there’s a huge range of Foundation Apprenticeships on offer, from childcare, to legal services, to lab skills. No matter what your chosen career path is, there is something for everyone.

    “Foundation Apprenticeships offer young people the opportunity to mix their school career with college – they can try courses they may be interested in doing and determine whether that is for them or not. This is combined with some hands-on, practical work experience that they could use in the workplace or for personal statements for college or university applications.

    “We have got a very varied curricular offering, and were an early adopter of Foundation Apprenticeships and offer national certificates in school as well. This creates a flexible package of traditional qualifications integrated with Foundation Apprenticeships, where young people might be part time in school and at college, and do some work experience as part of that.”

    Background

    Funding for Modern and Foundation Apprenticeship starts is part of the £202.3 million provided to SDS in the 2025-26 budget, approved by the Scottish Parliament on 25 February 2025. Around £102.5 million of this will be deployed to maintain the existing numbers of apprentices of approximately 25,500 Modern Apprenticeship starts and around 2,500 Foundation Apprenticeship starts. This is in addition to a further 2,500 Foundation Apprenticeships and around 1,200 Graduate Apprenticeships funded through the Scottish Funding Council. This will ensure that as much demand as possible for Modern Apprenticeships is met from within the SDS budget.

    In total, the Scottish Government will provide £185 million investment to deliver apprenticeships to SDS, Scottish Funding Council and SAAS in 2025-26.

    Ministers will work with SDS on ensuring appropriate sectoral coverage to help address evidenced skills gaps.

    MIL OSI United Kingdom –

    March 7, 2025
  • MIL-OSI United Kingdom: Coventry schools take part in Primary Aspirations Week for the second year running

    Source: City of Coventry

    After a successful first year, the second Coventry Primary Aspirations Week took place this week, running from Monday 3 March to Friday 7 March.

    Coventry City Council worked with partners across the city to bring the event back bigger and better for 2025.

    Primary Aspirations week coincides with National Careers Week, which aims to raise young people’s awareness of future career pathways. Primary Aspirations Week aims to encourage primary school-aged children to think about possible career choices in the future, and how to develop some of the skills they might need to get there.

    Over 1000 children in schools across Coventry took part in in-person events during Primary Aspirations Week 2025, hearing from a wide range of businesses and organisations in the city and beyond. Even more pupils (over 2500) engaged in an online learning session on Monday 3 March!

    The children, aged between 7-11, were given the opportunity to learn about things in a fun way. For example, National Grid gave an insight into their world of work using an interactive app “Now Press Play” which provided a really engaging way of getting children to live the experience of a National Grid employee.  

    NHS Coventry and Warwickshire also hosted a session on giving the children the chance to see who is involved in the care industry when somebody needs medical help. Children asked questions and talked about this could be a possible future career choices for them.

    Councillor Dr Kindy Sandhu, Cabinet Member for Education and Skills, said: “It’s really great to see how Primary Aspirations Week has expanded so much for this year. Once again, the feedback we’ve received from schools and children has been nothing but positive.

    “We really wanted to give more children an opportunity to think about their futures and imagine the types of careers they might want to pursue. We know that children’s aspirations are shaped by their life experiences, so we wanted to create an event that gave children an insight into what they could go onto do after school.”

    Jo Stanley, the headteacher at Little Heath Primary School, which played host one of the events, said: “It was a fabulous opportunity for primary children to hear from external speakers who brought their own experiences and skillset to inspire the children. The morning had an immediate impact on the children to think about their own skills and future aspirations outside of the classroom too. Providing opportunities for children to see and hear that they can set goals for their future career, and they do come true, is invaluable for all Coventry pupils.”

    Organisations that took part in the event included: E.ON, Sky Blues in the Community, National Grid, West Midland’s Fire Service, Coventry Building Society, Ascension Dance Company, NHS Coventry and Warwickshire, Jaguar Land Rover, Severn Trent, Transport for West Midlands, the University of Warwick, Siemens Electrical, Lioncourt Homes, West Midlands Police, NFU, Canal & River Trust, Pet-xi, Sense, Leamington Spa Art Gallery & Museum, Coventry Careers Hub and Coventry City Council.

    Some comments from children at Little Heath were:

    “Listening to the architects about building homes, I now want to become a builder when I grow up.” – Aroosh.

    “It was great fun learning from the visitors.” – Sieanna

    “I enjoyed aspiration day because we got to learn and explore different jobs we can do when we grow up.” – Zuzanna

    “I really enjoyed learning about lots of jobs that helped my everyday life, opening more opportunities.” – Abanoub.

    To keep up to date with the latest news, sign up for our Your Coventry email newsletter or follow the Council on Facebook, X (formerly Twitter), YouTube, Instagram, LinkedIn and TikTok.

    MIL OSI United Kingdom –

    March 7, 2025
  • MIL-OSI USA: ICYMI: Secretaries Wright and Burgum Join American Energy Workers in Applauding President Trump’s Leadership & Historic Investment in American Energy Infrastructure

    Source: US Department of Energy

    PLAQUEMINES PARRISH, LOUISIANA—U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum, both leaders of the National Energy Dominance Council (NEDC), today joined more than a thousand American energy workers at Venture Global’s Plaquemine LNG Export facility to highlight the impacts of President Trump’s energy agenda. The secretaries joined Louisiana Governor Jeff Landry and Venture Global CEO Mike Sabel in delivering remarks before touring the facility and speaking to the press.

    Thanks to President Trump’s commitment to restoring American energy dominance and day one reversal of the Biden-Harris LNG export permit ban, Sabel announced today that Venture Global would be making an additional $18 billion expansion to the Plaquemine LNG Export facility – making the facility the largest in the United States.

    Less than 50 days into the Trump administration, American energy companies are producing more energy here in the U.S. – lowering prices, providing good-paying jobs, strengthening local communities, and bolstering America’s national security.

    In case you missed it, remarks from Secretary Wright and Burgum are below:

    Secretary Wright:

    America is back.

    You, all of you here today, are bringing America back, making us greater and making us stronger. I could not be more humbled and proud to stand among you today. God bless what you do today and what you do every day.

    I want to also thank President Trump. He worked tirelessly, even putting his own life at risk to go back to Washington to become our president again, to bring commonsense back to Washington, DC. It all left the city. He brought back common sense with a simple agenda unleash American energy, unleash American business, and unleash the American spirit.

    And I see it here today with all of you. He’s from the East Coast. He’s a real estate developer. But instinctually he gets energy. He knows that energy is not one sector of the economy. It’s the sector of the economy that enables everything else, everything else.

    I want to thank the governor of Louisiana. Giant projects like this, they’re not getting built in California, where I lived many years. They’re not getting built in a lot of places. This takes leadership and boldness. This governor of Louisiana has allowed a flourishing in the Louisiana Gulf Coast and across the state. Louisiana today exports more LNG than every state in the United States. This is number one.

    That that that bar is going to be raised even higher because in the next several years, Louisiana will become a larger exporter of liquefied natural gas than any nation on Earth. You could be your own country and be number one.

    Venture global, as we heard from Mike Sable, the great, bold founding CEO, has taken huge risk. They raised money from all across America, from American like us, to build this business and make a bet. Make a bet on American energy production.

    The United States 15 years ago was the largest importer of natural gas in the world. And with bold entrepreneurs and leadership like President Trump, our governor in Louisiana, and Venture Global, today, the United States is the largest net exporter of natural gas in the world and growing strong, growing strong.

    What’s the fastest growing source of energy on the planet by far is natural gas. I looked at this over the last 15 years. Nothing else is close. Oil is second, by the way. The fastest growing sense source of energy in the planet is natural gas. The largest producer of natural gas on the planet is the United States.

    And so hence we’re growing our exports because of your work, because of your efforts, we’re going to increase the prosperity of America, increase the strength of America, increase the opportunities for Americans and for the citizens of the world.

    Where does this gas go? What’s this gas going to do? It’s going to make fertilizer so farmers can grow more food and feed everyone. It’s by far the largest source of electricity in the United States. Natural gas is. It’s to make petrochemicals. All the clothes were wearing the toys. Our cars are our computers. Our phones. Those are all made of natural gas.

    All the uses of natural gas, you can say. In short, they make our lives possible. They allow us to have a modern world and live these wonderful lives we live.

    But that doesn’t fall from heaven. That doesn’t just fall on earth. It has to be made, produced and delivered. And that only happens with hard working people like you. You are changing the world. You are changing people’s lives.

    I’ll end there. I just am humbled to be among you. I’m proud to be among you. I cannot overstate how important what you’re doing is and how aligned it is with the agenda of President Donald Trump. This guy wants America to be great. He wants America to be strong. He wants to lower our cost and expand opportunities for Americans.

    A strong, energized, empowered America is not just good for Americans. It’s good for the world. God bless you. God bless America and God bless President Trump.

    Secretary Burgum:

    What a gorgeous day we have here today. And today is a day of gratitude. And it’s a day of celebration.

    You’ve heard from the great speakers up here, my friend, Governor Jeff Landry. We’ve got two amazing entrepreneurs, Mike and Bob and the amazing Chris Wright. But we’re celebrating today American innovation, American entrepreneurship, and American workers. I stand here before you humbled because I can’t think of anything more patriotic.

    There’s no place I’d rather be than here looking at all of you standing here among this, this creation that you’ve built. And it started with two guys that said, hey, maybe we can do something that’s never been done before. Maybe we can invent a new way to think about how we want to process natural gas. Maybe we can figure out that the U.S., instead of being a net importer, is going to be a net exporter.

    And it was a couple of guys just sitting around a table that came up with the idea of Venture Global. Then you hear, it’s like when only in America, now is going to be one of the most important and influential energy companies in the world. That happens in our country only when we get the government out of the way.

    It happens when we cut red tape. One of our pathways to energy dominance is just unleashing the incredible resources that we have in this country. Getting the red tape, getting the federal government off the back of the worker, off the back of companies, and so that everybody can do the amazing work and build projects like this.

    And so, we’re celebrating that today. But I also said today is a day of gratitude. And I want to bring a message from President Trump to all of you, because President Trump fights for all of you every day. This guy I know everybody here, you work hard, you put in a long day, you go home, you get up and you do it the next day. He respects that. And you know what? He does that too.

    This guy didn’t take a day off for the last 90 days before the election. Then the next day he got up and he didn’t. He didn’t take a day off. He just started jamming all the way through to January 20th. And then since January 20th, he’s gotten more done than any president in the history of the United States ever has in their first month and a half.

    And somebody asked me, what’s it like working for the president? And I said, well said, you guys, you watch football. And they said, yeah, I watch football. I said, well, think about this. Think about the best football team ever assembled. The President Trump is the team owner and he’s the manager, and he’s the head coach, and he’s playing quarterback and he’s running a no huddle offense. And everybody that’s working for him has got to scramble back to the line for the next play, because we’re just going that fast every single day. And the change that he’s driving, the red tape that he’s cutting, it’s absolutely incredible. And one of the things that we’re here today, the announcement today is happening.

    The prior administration had a full-on attack against U.S. energy. They literally were stopping the permitting, killing jobs, killing capital formation, the money to come together to build something like this. And you know what that did that hurt every American and it helped our adversaries. President Trump is fighting for you every day. And he’s fighting because he believes in the we have U.S. energy dominance. It does two things. It builds American prosperity, and it brings peace abroad.

    We’re in two proxy wars right now. And both of our adversaries in those wars, Russia and Iran, Iran funding 24 terrorist groups. They’re funding those wars against us with energy production. With a facility like this where we can sell LNG around the world, we’re literally going to stop war.

    So, when you guys go to work every day, tell yourselves you’re just not doing a job building the most amazing, most technological plant in the planet. The biggest construction project in North America. You’re also building world peace. And the other thing you’re also doing is you’re building prosperity here at home for everybody that’s here.

    And it all starts with one thing, and that’s American energy. And you’re going to say it with me because with energy dominance part of our job is to cut red tape. And the other is we got to get more things flowing through those pipes heading towards Louisiana. And how are we going to do that?

    You know, how we are going to do it is three words. What are we going to do. We’re going to drill, baby drill one more time. What are we going to do. We’re going to drill, baby drill. And when we do that, we’re also going to mine baby, mine. We’re going to get critical minerals going. So, we’re stop buying critical minerals from China. We’re going to map baby, map, and we get the US Geological Survey going back and actually discovering all the resources we have on America’s balance sheet.

    People talk about America’s debt, $36 trillion in debt. Our assets could be 3 to 5 times more than that. But we don’t even know that because we’ve stopped looking for all the resource assets in this country. And we’re going to become an energy powerhouse. And with that, we’re going to bring inflation down for you and your families. And here at home, prosperity in America and world peace abroad.

    That’s what you’re working on every day. How exciting is it to be here with all of you? And again, a message of gratitude for President Trump to you. Nothing more patriotic than American worker that’s working to build energy dominance for this country. Your impact? It carries far and wide. It touches people all over the world. And it certainly helps your kids and your grandkids, and it helps our country reduce our debt, do everything that we’re doing.

    So, a big thank you from President Trump and a big thank you to the innovators and entrepreneurs that built this place and came up with the idea. And none of it happens without all of you. But let’s go. And what’s at the end? I want to say, I will say one thing when you’re doing when we’re doing this today, what are we doing together?

    We’re making America great again. One more time. What are we doing? Making America great again. Thank you. Way to go, venture global. Thank you all.

    MIL OSI USA News –

    March 7, 2025
  • MIL-OSI: THSYU Exchange Unveils Next-Gen Trading Platform: Redefining Cryptocurrency with AI, Blockchain, and Unmatched Security

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 07, 2025 (GLOBE NEWSWIRE) — THSYU CRYPTO GROUP LIMITED, a global leader in the cryptocurrency industry, has announced the launch of its next-generation trading platform, THSYU Exchange. Combining cutting-edge artificial intelligence (AI), advanced blockchain technology, and military-grade security measures, THSYU Exchange is set to revolutionize the way users trade digital assets, offering unparalleled efficiency, security, and innovation.

    AI-Powered Trading: Smarter Decisions, Better Results
    At the heart of THSYU Exchange is its proprietary AI-driven trading engine, designed to empower users with intelligent investment tools. Leveraging deep learning and real-time big data analytics, the platform captures market trends, identifies potential opportunities, and predicts price movements with remarkable accuracy. Whether you’re a novice or a seasoned trader, THSYU’s AI algorithms provide actionable insights, helping you optimize trading strategies and navigate market volatility with confidence.

    Unmatched Security: Protecting Your Assets
    THSYU Exchange prioritizes user security with a multi-layered protection system. The platform employs multi-signature wallets, cold storage solutions, and end-to-end encryption to ensure that user funds and data remain secure at all times. Additionally, THSYU’s smart contracts undergo rigorous security audits, while its real-time monitoring system detects and neutralizes potential threats instantly. With THSYU, users can trade with peace of mind, knowing their assets are safeguarded by the most advanced security measures in the industry.

    Blockchain Innovation: Faster, Smarter, Scalable
    THSYU Exchange leverages blockchain technology to deliver lightning-fast transaction speeds and seamless scalability. The platform’s high-performance trading engine ensures instant order execution, even during peak trading volumes. By integrating cloud computing infrastructure, THSYU provides elastic resource scaling, ensuring smooth operations and uninterrupted access for users worldwide.

    Privacy First: Your Data, Your Control
    In an era where data privacy is paramount, THSYU Exchange adheres to the strictest privacy standards. The platform employs a data minimization approach, collecting only essential user information, and uses advanced encryption to protect data transmission. THSYU’s commitment to privacy ensures that users retain full control over their personal information, setting a new benchmark for trust in the cryptocurrency industry.

    A Vision for the Future of Trading
    “THSYU Exchange is not just a platform; it’s a movement towards smarter, safer, and more inclusive cryptocurrency trading,” said Alexander Johnson, CEO of THSYU CRYPTO GROUP LIMITED. “By integrating AI, blockchain, and cloud computing, we are redefining what’s possible in the digital economy. Our goal is to empower users with the tools they need to succeed in the fast-evolving world of crypto.”

    Join the THSYU Revolution
    THSYU Exchange invites traders, investors, and crypto enthusiasts to experience the future of cryptocurrency trading. With its AI-driven insights, robust security, and cutting-edge technology, THSYU is the ultimate platform for anyone looking to unlock the full potential of digital assets.

    Contact Information:

    Jessica Green

    Chief Operating Officer

    Thsyu CRYPTO GROUP LIMITED

    Address:1670 Broadway, Denver, CO 80202, US

    Email: jessica.green@thsyu.com

    Website: www.thsyu.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c8b86dfb-2b92-4e69-9cc8-3a019456da75

    The MIL Network –

    March 7, 2025
  • MIL-OSI Russia: Polytechnic University and Rosatom focus on training personnel for the state corporation

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Representatives of the State Atomic Energy Corporation Rosatom, headed by Deputy Director General for Human Resources Tatyana Terentyeva, visited the Polytechnic University on a working visit. The company is interested in expanding cooperation with the Polytechnic in many areas, especially in the field of personnel training and employment of graduates at its enterprises. These topics were discussed at a meeting with the Polytechnic leadership and during an acquaintance with its research base.

    The visit began with a ceremonial presentation of Rosatom awards to the polytechnicians.

    “The Polytechnic University and the State Corporation Rosatom have developed not just business-like, but warm and friendly relations,” Vitaly Sergeev, First Vice-Rector of SPbPU, greeted the guests. “Of course, this is our strategic partner, with whom we work in many areas, both scientific and educational. And it is especially pleasant to begin our meeting with the ceremonial part, with the presentation of awards from the state corporation.”

    Before the ceremony, Tatyana Terentyeva addressed the Polytechnic representatives: Rosatom is a global participant in the world energy market. We have big common tasks – both the formation of fourth-generation nuclear energy, increasing the share of nuclear energy in Russia to 25 percent, and the preparation of the future nuclear elite for our international partners. So the program of our further strategic cooperation will be expanded.

    After welcoming remarks, Tatyana Anatolyevna presented awards to the Polytechnic University teachers and staff. For significant personal contribution to the development of international scientific and educational cooperation and training of personnel for the nuclear industry, the Director of the Higher School of Nuclear and Thermal Energy of the Institute of Power Engineering Alexander Kalyutik was awarded the 2nd degree “Academician I. V. Kurchatov” badge of distinction.

    Honorary certificates of the Rosatom State Corporation were awarded to: Vice-Rector for International Activities Dmitry Arsenyev, Director of the Higher School of Power Engineering of the Institute of Power Engineering Alena Aleshina, Associate Professor of the Higher School of Nuclear and Thermal Energy of the Institute of Power Engineering Irina Paramonova and Head of the International Education Department Evgeniya Satalkina.

    The following received gratitude from the Director General of Rosatom: Associate Professor of the Higher School of Nuclear and Thermal Energy of the Institute of Power Engineering Irina Anikin, Associate Professor of the Higher School of Technosphere Safety of the Civil Engineering Institute Anton Byzov, Associate Professor of the Higher School of Nuclear and Thermal Energy of the Institute of Power Engineering Yaroslav Vladimirov, Leading Specialist of the Higher School of Nuclear and Thermal Energy of the Institute of Power Engineering Natalia Donmez, Professor of the Higher School of Power Engineering of the Institute of Power Engineering Alexander Zharkovsky and Leading Specialist of the Higher School of Advanced Digital Technologies of the PIS “Digital Engineering” Maxim Konyushin.

    Having congratulated his colleagues on their well-deserved awards, Vitaly Sergeev proposed discussing further cooperation between the university and the state corporation, handing over the floor to vice-rectors Alexey Borovkov and Dmitry Arsenyev, as well as institute directors Anatoly Popovich and Viktor Barskov.

    Vice-Rector for Digital Transformation of SPbPU, Head of the Advanced Engineering School of SPbPU “Digital Engineering” Alexey Borovkov presented the results of cooperation with the State Corporation Rosatom. He noted the scale of cooperation, covering about 20 years, and highlighted the key achievements, events and developments implemented jointly with the corporation’s enterprises and organizations.

    The Rosatom State Corporation is a strategic partner of the Advanced Engineering School of SPbPU “Digital Engineering”. It is important to emphasize that out of 22 high-tech partner companies of the school, seven Rosatom divisions supported the creation and development of the SPbPU Advanced Engineering School program with letters of guarantee for co-financing at the start of the federal project, – noted Alexey Borovkov.

    Alexey Ivanovich also spoke about systemic interaction with Rosatom divisions. Joint projects with the corporation’s organizations and enterprises are aimed at solving urgent engineering problems of the nuclear industry and industry of Russia, training a new generation of engineers with world-class competencies, as well as developing scientific, technological and educational infrastructure.

    Every year, the structural divisions of the SPbPU Ecosystem of Technological Development carry out dozens of orders for Rosatom enterprises, including: Centrotech-Engineering, TVEL, TsKBM, NIKIET, NIIgrafit, PO Mayak, Prepreg-SKM, ITER-Center, Proryv, RFNC-VNIIEF, OKBM Afrikantov, etc. The total cost of the completed research and development work exceeds 660 million rubles.

    The speaker noted that training engineering personnel in the interests of Rosatom is one of the key areas of activity of the Advanced Engineering School of SPbPU “Digital Engineering”. As part of cooperation with the state corporation, the Advanced Engineering School of SPbPU implements educational programs aimed at developing students’ competencies that meet the modern challenges of the nuclear industry. Among the master’s programs created in the interests of the enterprises of the leading nuclear industry are “Digital Engineering in Nuclear and Fusion Energy” (program partners: JSC Atomstroyexport (management company of the engineering division of the State Corporation Rosatom), JSC NIKIET (an enterprise of the State Corporation Rosatom), A.F. Ioffe Physical-Technical Institute, Budker Institute of Nuclear Physics of the Siberian Branch of the Russian Academy of Sciences), “Digital Engineering of the Main Technological Equipment of Hydrogen Technologies and New-Generation Energy Systems” (program partner: JSC TsKBM, part of the mechanical engineering division of Rosatom), “System Digital Engineering in Nuclear Engineering” (program partner: TVEL Fuel Company of the State Corporation Rosatom).

    For students and engineers of the Advanced Engineering School of SPbPU “Digital Engineering”, a scientific and technological educational infrastructure is being actively created together with industrial partners of the nuclear industry: the “TVEL – SPbPU” space, the engineering center for the design of pumping equipment “TsKBM – Polytech”, the laboratories of “Polymer Composite Materials” (Composite Division of Rosatom) and complex developments of the main equipment of chemical-technological and energy systems of the new generation – in cooperation with JSC “TsKBM”. These initiatives allow students and young professionals to work on modern equipment, participate in real projects and research, and develop the skills necessary for successful work in high-tech industries.

    Vice-Rector for International Affairs Dmitry Arsenyev focused on the issues of training personnel for the energy sector of foreign countries. Polytechnic has been teaching foreign students for over 60 years. Currently, 5,000 people from 107 countries are studying in the main educational programs. Dmitry Germanovich noted that 54 educational programs relate to the profile of Rosatom, including 10 in English.

    “We started cooperating with Rosatom to train personnel for foreign countries in 2013,” said Dmitry Arsenyev. “The largest project is the graduation of specialists for the Turkish nuclear power plant Akkuyu Nuclear. From 2015 to 2023, we trained 96 people, including 72 masters. We actively participate in the state corporation’s programs for teaching the Russian language.”

    Dmitry Arsenyev noted the interesting train-the-trainers supplementary education program, which has already been completed by 63 people, mentioned winter and summer schools and presented the experience of the Polytechnic University as a coordinator Russian-African Network University.

    Dmitry Germanovich proposed to continue developing the train-the-trainers program, to intensify the targeted admission of foreign students to study at SPbPU through the State Corporation Rosatom, to create a representative office of SPbPU on the territory of ObninskTech to develop network interaction, to develop international educational programs for African countries taking into account the needs of Rosatom and to involve RAFU in their promotion.

    Director of the Institute of Mechanical Engineering, Materials and Transport Anatoly Popovich structured his report in such a way as to draw attention to the target setting for technological leadership.

    “When we talk about technological leadership, we must not forget that these are technologies of the future,” he emphasized. “We have chosen additive technologies. The Polytechnic University has created an end-to-end cycle – from obtaining powders to quality control of products. The Polytechnic University was the first of Russia’s technical universities to switch to low-tonnage, science-intensive production of complex objects.”

    Anatoly Anatolyevich named the main achievements of IMMiT in the field of additive technologies, presented the results of the implementation of technologies in combination with equipment, and spoke about what engineers manufacture according to orders from enterprises, including Rosatom. For example, in 2020, Polytechnic University won a mega-grant from Rosatom State Corporation to create new materials and products based on shape memory alloys with a controlled structure and piezoelectric ceramics using additive 4D technologies for the state corporation.

    The director of the Institute, Viktor Barskov, spoke about the interaction of the Institute of Power Engineering, the State Corporation Rosatom and the Rosenergoatom Concern. He listed the specialists and areas in which the Polytechnic prepares for the thermal and electric power industry, covering almost all the needs of the industry. At the same time, Viktor Valentinovich noted that there is a need to change the approach to the existing education model so that Rostec is properly represented in SPbPU.

    “For the modern education model, when we talk about engineers, designers, constructors, a special approach is needed. The labor market is overheated, if the enterprise wants to receive highly qualified personnel ready to work without additional retraining and investments, it is necessary to change the model of interaction with universities and students,” says Viktor Valentinovich. “We have a basic department of the Leningrad Nuclear Power Plant “Nuclear Energy”, it operates according to the old scheme: students do practical training at the Leningrad Nuclear Power Plant, and the company’s specialists give lectures at the university. However, now students are very demanding, it is necessary to have a close connection with the enterprise, so that familiarization with production begins not with practical training in the third year, but directly from school, so that already interested schoolchildren enter the Polytechnic. In addition to practical training and lectures, students from the first year must study in specialized classrooms, engage in creativity in coworkings, use the company’s software, that is, absorb information about it in the process of learning and student life. It is necessary to restart and reformat the basic department of “Nuclear Energy” so that work with students is carried out more intensively.”

    Viktor Barskov also proposed expanding scholarship programs.

    The speech was concluded by the head of the Rosatom student community at SPbPU, a 5th-year student majoring in Nuclear Reactors and Materials, Victoria Chernova. She said that their cell has 45 activists who work with schoolchildren and applicants, participate in fairs for first-year students and youth career forums, strategy sessions, and visit Rosatom enterprises. In 2025, they plan to participate in events dedicated to the 80th anniversary of the nuclear industry.

    In the TVN building of the Higher School of Nuclear and Thermal Energy, Rosatom representatives visited the branded information space of Rosenergoatom Concern (LNPP) and the software and hardware complex “Virtual Power Unit of the NPP”, which will be launched into the educational process in September. The simulator was developed by Atomenergoproekt, it can be used to simulate various operating modes of the power unit, including emergency ones, and to perform calculations for scientific research.

    The guests got acquainted with the capabilities of some advanced spaces of the SPbPU PISh “Digital Engineering”. Tatyana Terentyeva talked to students who are working on projects in the interests of the Fuel Division inscientific and technological educational space “TVEL – SPbPU”.

    In addition, Tatyana Anatolyevna visited laboratory for integrated development of basic equipment for chemical-technological and energy systems new generation, the opening of which took place on February 25, 2025 with the participation of representatives of JSC TsKBM.

    The creation of advanced scientific and technological platforms in cooperation with Rosatom enterprises is an important step in training personnel for the nuclear industry. We see how students and young specialists are actively involved in solving complex problems, which allows them not only to gain knowledge, but also to immediately apply it in practice, – emphasized Tatyana Terentyeva.

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

    MIL OSI Russia News –

    March 7, 2025
  • MIL-OSI: ING to nominate Petri Hofsté and Stuart Graham as members of the Supervisory Board

    Source: GlobeNewswire (MIL-OSI)

    ING to nominate Petri Hofsté and Stuart Graham as members of the Supervisory Board

    ING announced today that it will propose to appoint Petri Hofsté and Stuart Graham to the Supervisory Board at the Annual General Meeting (AGM) to be held on 22 April 2025. The proposed appointments are part of the agenda for ING’s 2025 AGM that has been published today. Upon decision by the AGM, the appointments will be effective as of 1 July 2025.

    Petri Hofsté (Dutch, 1961) has extensive experience in the financial and corporate sector, including as auditor, controller and CFO. She served as division director of Banking Supervision at De Nederlandsche Bank and held board positions at various financial institutions. Currently she is a member of the supervisory board at Achmea (until 15 April 2025), Royal Friesland Campina and Pon Holdings and is chair of the Nyenrode Foundation. Petri holds a master’s degree in Business Economics, Finance and Accounting from the Vrije Universiteit Amsterdam, as well as a degree as chartered accountant.

    Stuart Graham (British/German, 1967) has more than three decades of experience in the financial sector. He is the co-founder and prior CEO of Autonomous Research, a leading global financial services research firm. Before that, he was a banking analyst at JP Morgan and Merrill Lynch and was regularly ranked as a leading equity research analyst on European banks. He currently is consultant to Trade Republic. Stuart holds a master’s degree in Modern History from Cambridge University.

    Karl Guha, chairman of the Supervisory Board of ING said: “The addition of Petri Hofsté and Stuart Graham to our board will allow ING to benefit greatly from their experience and insights as we execute our strategy to be the best European bank by accelerating growth, increasing impact and delivering value. I look forward to working with them.”

    The AGM agenda also includes the proposals to reappoint Steven van Rijswijk and Ljiljana Čortan for a term of four years to the Executive Board, and to reappoint Lodewijk Hijmans van den Bergh for a term of four years and Margarete Haase for a term of two years to the Supervisory Board. All four were (re)appointed at the AGM in 2021. All proposed (re)appointments have been approved by the European Central Bank.

    It will also be proposed to appoint Deloitte Accountants BV as the external auditor to provide assurance on the Sustainability Statement for a term of four years starting on 1 January 2026. At the 2024 AGM, Deloitte was appointed as external auditor for the audit of the financial statements for a term of four years starting on 1 January 2026.

    Full details of all agenda items are included in the proxy materials for our AGM. The proxy materials also include the 2024 Annual Report of ING, including the Annual Accounts and the reports of the Executive Board and the Supervisory Board, as published on 6 March 2025, as well as other information and documents as required by law. The proxy materials, including the agenda for the AGM, are available on our website (ing.com/agm).

    Registered shareholders may attend the AGM starting at 2 p.m., either in person at Muziekgebouw aan ’t IJ (Piet Heinkade 1, 1019 BR Amsterdam, the Netherlands) or remotely, by logging on to the electronic platform ‘Evote by ING’, available via ing.com/agm. The supporting materials published today provide further details on how to register, participate and vote. The AGM will also be webcast live via ing.com. Shareholders are advised to check the information on the website regularly for any updates, including details on admission requirements.

    Note for editors
    For more on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom. Photos of ING operations, buildings and its executives are available for download at Flickr.

    ING PROFILE

    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell. Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. Follow our progress on ing.com/climate.

    IMPORTANT LEGAL INFORMATION

    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).
    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2024 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.
    Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change, diversity, equity and inclusion and other ESG-related matters, including data gathering and reporting and also including managing the conflicting laws and requirements of governments, regulators and authorities with respect to these topics (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.
    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.
    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.
    This docuent may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.
    Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.
    This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

    Attachment

    • ING to nominate Petri Hofsté and Stuart Graham as members of the Supervisory Board

    The MIL Network –

    March 7, 2025
  • MIL-OSI: BERNER Group Relies on AI-Driven Invoice Automation with xSuite

    Source: GlobeNewswire (MIL-OSI)

    The SAP-certified, highly integrated solution meets all the requirements of German and European legislation on electronic invoices.

    Ahrensburg/Künzelsau/Köln, Germany – March 7, 2025. The BERNER Group, an innovative manufacturer of chemical products and a leading European trading company for mobility, construction and industry professionals, decided to implement xSuite. The AI-driven solution will be used to automate incoming invoice processing. It will initially be introduced at the B2B specialist’s Benelux entities, followed by successive roll-outs in other European countries.

    The central B2B trading partner BERNER Group provides its services to customers 24/7 in 21 countries, delivering an integrated omni-channel shopping experience across five channels. With modern logistics centers in twelve countries and close to 100 depots or craftsman centers in metropolitan areas, the company is one of only two providers in the industry to boast a Europe-wide distribution network.

    Procurement and all associated accounting processes depend on a high degree of speed and flexibility. This is why the BERNER Group has decided to replace its previous invoice capture and workflow solution with xSuite. The manufacturer impressed thanks to its comprehensive e-invoicing capabilities for outgoing and incoming invoices, extensive industry experience, excellent support and unrivaled value for money.

    Sven Spitz, Head of Finance & HR Solutions at the BERNER Group: “The highly modern xSuite software allows us to standardize and efficiently design our invoicing processes. The solution supports all SAP operating models, so we are set up for years to come. And thanks to artificial intelligence and cloud support, we will be able to significantly reduce our administrative expense.”

    The solution will initially go live in the Netherlands, Belgium and Luxembourg. It will then be introduced in other European subsidiaries of the BERNER Group in stages. The SAP-certified, integrated solution fully complies with the stringent requirements of German and European legislation on electronic invoicing. The data capturing of all incoming invoices is processed via the xSuite cloud service. The solution also draws on AI functions to automatically capture and assign invoices that are not based on a purchase order.

    About xSuite Group

    xSuite is a software manufacturer of applications for document-based processes and provides standardized, digital solutions worldwide that enable simple, secure, and fast work. We focus mainly on the automation of important work processes in conjunction with end-to-end document management. Our core competence lies in accounts payable (AP) automation in SAP (including e-invoicing), for leading companies worldwide, as well as for public clients. This is supplemented by applications for purchasing and order processes as well as archiving. Delivering everything from a single source (software components and services). xSuite solutions operate in the cloud or in hybrid scenarios. We are proud of the superior quality products we offer, proven by the SAP solutions and deployment environment certifications we regularly receive. With over 300,000 users benefitting from our solutions, xSuite processes more than 80 million documents per year in over 60 countries.

    Founded in 1994 and headquartered in Ahrensburg, Germany, xSuite employs about 300 employees across nine locations around the world (in Europe, Asia, and the United States). Our company has an established information security management system that is certified in accordance with ISO 27001:2022.

    Contact:
    Barbara Wirtz
    xSuite Group GmbH
    Marketing & PR
    Tel. +49 (0)4102/88 38 36
    barbara.wirtz@xsuite.com
    www.xsuite.com

    The MIL Network –

    March 7, 2025
  • MIL-OSI: THSYU: The Secure & High-Speed Crypto Exchange Taking France by Storm

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 07, 2025 (GLOBE NEWSWIRE) — THSYU, the bold new cryptocurrency exchange, has unleashed a global call-to-action with its ambassador program, drawing crypto pioneers, tech enthusiasts, and visionary investors from every corner of the planet. Offering jaw-dropping token incentives, tiered rewards, and exclusive partnership perks, THSYU isn’t just a platform—it’s a movement. This is your chance to shape the future of crypto finance, and THSYU is proving it’s all-in on rewriting the rules of the game.

    A Fortress of Trust Meets Rocket-Fueled Innovation
    What powers THSYU’s meteoric rise? An elite squad of blockchain wizards, fintech trailblazers, and cybersecurity titans. This dream team has engineered a platform that’s as impenetrable as a vault and as fast as a lightning strike. With military-grade encryption, multi-layer cold storage, and an AI-driven threat detection system that reacts in milliseconds, THSYU turns the chaos of crypto into a fortress of confidence. Meanwhile, its trading engine—capable of processing 1 million transactions per second—lets users ride every market wave with precision. “It’s like trading on steroids,” said a thrilled Parisian user. “Secure, fast, and unstoppable.”

    France Leads, the World Follows: A Crypto Experience Like No Other
    THSYU isn’t just playing the global game—it’s rewriting it with a France-first flair. Tailored euro trading pairs, French-language support, and seamless integration with local banks make it a homegrown hero for French investors. But the real kicker? THSYU’s commitment to EU regulatory excellence sets a platinum standard that resonates worldwide. From Tokyo to New York, users get a bespoke trading experience that feels personal, secure, and lightning-quick—no matter their timezone. This isn’t just expansion; it’s a global love letter to crypto fans everywhere.

    Powerhouse Partnerships Unlock a World of Wealth
    THSYU isn’t going it alone. By teaming up with top-tier global investment firms, the platform secures the firepower to dominate markets while handing users a golden key to untapped opportunities. Whether you’re a high-rolling trader chasing massive gains or a newcomer testing the waters, THSYU bridges borders and bankrolls dreams. Cross-border trades? Done. Access to elite market resources? Yours. From steady wins in Europe to explosive growth in Asia, THSYU delivers the tools to conquer the crypto frontier.

    Why THSYU Is the Hottest Ticket in 2025
    With Bitcoin’s halving ripples and a global crypto surge heating up, 2025 is primed to be a blockbuster year—and THSYU is stealing the spotlight. France, long a sleeping giant in crypto adoption, now has its wake-up call. THSYU’s unbeatable combo of ironclad security, warp-speed trades, and localized genius positions it as the ultimate launchpad for wealth creation. “This isn’t just a platform—it’s my edge,” said a Lyon-based investor. Will you seize the moment?

    The Future Is Now—Are You In?
    THSYU isn’t waiting for the crypto world to catch up—it’s blazing the trail. With its relentless focus on user empowerment, world-class tech, and strategic alliances, THSYU promises a trading platform that’s safer, faster, and more lucrative than ever before. Every move it makes pulls users closer to the heart of global finance, making them not just players, but pioneers in the new era of crypto wealth. Visit www.thsyu.com today and ignite your future!

    Contact Information:

    Jessica Green
    Chief Operating Officer
    Thsyu CRYPTO GROUP LIMITED
    Address:1670 Broadway, Denver, CO 80202, US
    Email:jessica.green@thsyu.com
    Website: www.thsyu.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5a5e96c5-6d5d-442a-9b9e-ea29c7fc7188

    The MIL Network –

    March 7, 2025
  • MIL-OSI Economics: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Pune Sahakari Bank Limited, Shivajinagar, Pune – Extension of Period

    Source: Reserve Bank of India

    The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to March 10, 2025.

    2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank from close of business on March 10, 2025, till close of business on June 10, 2025, as per the directive DOR.MON.D-108/12-22-493/2024-2025 dated March 04, 2025, subject to review.

    3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated March 04, 2025, notifying the above extension is displayed at the bank’s premises for the perusal of public.

    4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2327

    MIL OSI Economics –

    March 7, 2025
  • MIL-OSI China: Asia’s largest flower market booms ahead of Intl Women’s Day

    Source: China State Council Information Office

    In the run-up to International Women’s Day on March 8, floral scents and anticipation have filled the air at Dounan Flower Market, Asia’s largest and the world’s second-largest fresh-cut flower trading market.

    Recently, the market’s vibrant flowers have attracted tourists to Dounan, which is located in the city of Kunming, the capital of southwest China’s Yunnan Province.

    Meanwhile, numerous auctioneers can be seen monitoring the screens in an auction center of the market, preparing to press the purchase button at any moment. Once that step is completed, the auctioned flowers embark on journeys far and wide.

    As International Women’s Day approaches, staff at the market’s Kunming International Flora Auction Trading Center are working to ensure that flowers are delivered to domestic and international consumers in optimal condition.

    Zhu Qi, head of planning at the center, said that the flower supply for International Women’s Day has significantly increased compared to last year. From March 1 to 5, the average daily supply was 5.86 million stems, up 34 percent from the previous week and 15 percent from last year.

    “Since March, the price index for fresh-cut flowers has continued to rise, with sales of various types showing consistent growth,” Zhu said.

    Zhu noted that the diversity of popular flower varieties for International Women’s Day is expanding, providing consumers with more options. “In terms of color, light shades such as purple, pink and white are particularly favored, and less common flowers like pea flowers are also popular among young people,” Zhu said.

    Talha Elahi, a Pakistani intern at Kunming Huaeb Technology Co., Ltd., has been busy sending product and logistics information to customers in various countries on an e-commerce platform. The platform connects flower farmers and traders, integrating the supply chain resources of Yunnan’s flower industry, including planting, trading and logistics resources.

    Wang Dong, who works with the company, said that the platform has seen a surge in orders prior to International Women’s Day — up 50 percent from the same period last year.

    In addition to booming online trade, the offline flower business has also been flourishing at the market. Young shoppers stroll through the aisles, wearing flower garlands and holding bouquets purchased on-site.

    Among these shoppers is Ms. Zhou, a tourist from east China’s Zhejiang Province. She received a hand-woven flower garland from an elderly vendor while shopping and taking photos.

    “I came to the market before leaving Kunming to buy flowers for myself and bring some of Kunming’s romance back home,” she said.

    Flower cultivation in Dounan dates back to 1983. In the 1990s, local residents began commercial cultivation and trading. And in 1999, China’s first professional flower trading market was established there.

    The market has since expanded its flower industrial chain, solidifying its position as a major flower trading hub.

    Statistics showed that the Dounan Flower Market’s flower transaction volume increased 5 percent to nearly 14.18 billion stems last year. With a transaction value of 11.57 billion yuan (about 1.61 billion U.S. dollars) in 2024, the market has led the country in both flower transaction volume and value for 25 consecutive years.

    Dounan’s blossoming flower industry highlights China’s prominence in the global flower market. With about 1.5 million hectares dedicated to flower cultivation and more than 5 million people involved in the industry, China has become the world’s largest flower producer and an important flower trader and consumer.

    “Flowers were once seen as gifts, but now they are a part of everyday life, and the young consumer base is expanding,” Zhu said. 

    MIL OSI China News –

    March 7, 2025
  • MIL-OSI China: Manus AI launched in China, challenging GPT and DeepSeek

    Source: China State Council Information Office

    Chinese artificial intelligence firm Manus AI launched a general AI agent, Manus, on Thursday, and it quickly went viral on social media, with many referring to it as “the second disruptor after DeepSeek” and calling it “the GPT moment” for AI agents.

    AI agents are autonomous intelligent systems performing specific tasks without human intervention.

    Manus said that based on the GAIA Benchmark, a standard for general AI assistants, its tool has achieved state-of-the-art performance across all three difficulty levels, surpassing OpenAI’s models.

    “This isn’t just another chatbot or workflow tool,” said Ji Yichao, co-founder and chief scientist at Manus AI. “It’s a truly autonomous agent that bridges the gap between conception and execution.”

    “Where other AI stop at generating ideas, Manus delivers results,” he said, adding that the team has been quietly building what it believes is the next evolution in AI.

    As of Thursday, the so-called Manus invitation codes were being resold for nearly 100,000 yuan($13,797)on the second-hand trading platform Xianyu.

    According to database firm Tianyancha, Manus’ founder, Xiao Hong, established the company in 2015 but exited as a shareholder in December 2024. Following his departure, shareholders including Tencent’s venture capital firm increased their registered capital contributions.

    Additionally, Monica.im, the operator Manus, and a related company linked to tech firm Beijing Butterfly Effect Technology Co Ltd secured a seeding round of investment from ZhenFund in July 2022.

    Industry experts believed that the significance of the Manus ecosystem strategy lies in introducing a new business model to the industry—building a general AI agent ecosystem. This could emerge as the second-largest AI application scenario after AI-powered search.

    Tech sector consultancy and research firm Gartner reported in January 2024 that 21 percent of enterprises had already integrated AI agents into their production workflows. By 2026, this figure is projected to exceed 80 percent.

    MIL OSI China News –

    March 7, 2025
  • MIL-OSI Security: Public Servants Plead Guilty to Covid-19 Relief Fraud

    Source: United States Department of Justice (National Center for Disaster Fraud)

    MIAMI – Angelo Stephen, a Federal Bureau of Prisons (BOP) Correctional Officer, and George Arestuche, a Miami-Dade County Aviation Department employee, have pled guilty to federal charges in separate federal cases for defrauding Covid-19 pandemic relief programs.  

    Stephen pled guilty this week before Chief U.S. District Judge Cecila M. Altonaga to wire fraud in connection with his fraudulent applications for two Paycheck Protection Program (PPP) loans and one Economic Injury Disaster Loan (EIDL). He also admitted to wire fraud for his participation in two bank account takeover schemes.

    Arestuche pled guilty to conspiracy to commit wire fraud in connection with his receipt of one EIDL and one EIDL advance. Senior U.S. District Judge Paul C. Huck accepted Arestuche’s guilty plea this week.

    Angelo Stephen

    During his change of plea hearing, Stephen admitted that in an EIDL application he submitted to the Small Business Association (SBA), he falsely claimed to be an independent contractor and sole owner of a 10-employee business that did event planning and entertainment services. He also admitted that in this EIDL application, he falsely certified that for the applicable 12-month period, his business had gross revenues of approximately $62,018 and a cost of goods sold of $0. Stephen obtained from the SBA $20,000 in EIDL funds, to which he was not entitled.  

    Stephen also admitted at the change of plea hearing that he submitted false information in two PPP loan applications. In both applications (one submitted in April 2021, the second a month later), Stephen falsely claimed that he owned a business that grossed $106,554 in income in 2020, submitting a fake IRS Form 1040 Schedule C to support his fraudulent requests. Stephen received separate $20,833 PPP loans from two different SBA-approved lenders for the non-existent business.   

    Finally, at the change of plea, Stephen also admitted his role in two bank account takeover schemes. On March 30, 2023, after his first scheme, Stephen received a $20,000 wire transfer from the account of an unsuspecting victim in Virginia, and thereafter quickly withdrew all illegally obtained money through a series of cash withdrawals and through Zelle transfers to others.  In the second takeover scheme, Stephen and his accomplices obtained new checks from the credit union account of a different unsuspecting victim. Stephen then used one of those checks to obtain $8,500 in cash that he was not entitled to. 

    Stephen is scheduled for sentencing on May 22, 2025, at 8:30 a.m. before Chief U.S. District Judge Altonaga in Miami, Florida, where he faces a possible maximum sentence of up to 20 years in prison.

    George Arestuche

    According to the facts admitted at his change of plea, George Arestuche and a co-conspirator devised a scheme to defraud the SBA by submitting a false and fraudulent application to allow Arestuche to fraudulently obtain an EIDL loan in exchange for Arestuche paying the co-conspirator a large fee.

    To carry out this conspiracy, on July 9, 2020, Arestuche’s submitted to the SBA a false and fraudulent EIDL application on Arestuche’s behalf claiming that Arestuche was an independent contractor and the 100% owner of an “Automotive Repair” business operating under the legal and DBA name “george.”  That EIDL application falsely certified that for the 12-month period prior to January 31, 2020, “george” had gross revenues of $600,000, a cost of goods sold of $184,000, and 10 employees.  In reality, Arestuche was not an independent contractor and did not own any type of business.  This EIDL application was supported by a fraudulent 2019 IRS Form 1040 and Schedule C in Arestuche’s name that falsely claimed that he had a “mechanic” business that had gross receipts of $725,000 and earned a net profit of $706,151.  As a result of this false and fraudulent EIDL application, Arestuche obtained from the SBA $149,900 in EIDL proceeds and a $10,000 EIDL advance, and he subsequently paid his co-conspirator $17,275 for helping him fraudulently obtain this money from the SBA.

    Arestuche is scheduled for sentencing on May 12, 2025, at 11:00 a.m. before Senior U.S. District Judge Paul C. Huck in Miami, where he faces a possible maximum sentence of up to 5 years in prison.

    U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida, Special Agent in Charge Andrew Hartwell of the Department of Justice Office of Inspector General’s Fraud Detection Office (DOJ-OIG), Special Agent in Charge Amaleka McCall-Brathwaite, U.S. Small Business Administration Office of Inspector General (SBA OIG), Eastern Region, Acting Special Agent in Charge Brett Skiles of the FBI, Miami Field Office, and Inspector General Felix Jimenez of the Miami-Dade County Office of Inspector General (MDC-OIG) announced the guilty pleas.

    DOJ-OIG and SBA-OIG investigated the Stephen case.  SBA-OIG and the FBI’s Miami Area Corruption Task Force, which includes task force officers from the MDC-OIG, investigated the Arestuche case. 

    Assistant U.S. Attorney Edward N. Stamm is prosecuting both cases.  Assistant U.S. Attorney Annika Miranda is handling forfeiture matters on the Stephen case while Assistant U.S. Attorney Gabrielle Raemy Charest-Turken is handling forfeiture matters on the Arestuche case.

    In March 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was enacted. It was designed to provide emergency financial assistance to the millions of Americans suffering the economic effects caused by the COVID-19 pandemic. Among other sources of relief, the CARES Act authorized and provided funding to the SBA to provide Economic Injury Disaster Loans (“EIDLs”) to eligible small businesses, including sole proprietorships and independent contractors, experiencing substantial financial disruptions due to the COVID-19 pandemic to allow them to meet financial obligations and operating expenses that could otherwise have been met had the disaster not occurred.  EIDL applications were submitted directly to the SBA via the SBA’s on-line application website, and the applications were processed and the loans funded for qualifying applicants directly by the SBA.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the Department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    On September 15, 2022, the Attorney General selected the Southern District of Florida’s U.S. Attorney’s Office to head one of three national COVID-19 Fraud Strike Force Teams. The Department of Justice established the Strike Force to enhance existing efforts to combat and prevent COVID-19 related financial fraud. For more information on the department’s response to the pandemic, please click here.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’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.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case numbers 25-cr-20014 and 25-cr-20001.

    ###

    MIL Security OSI –

    March 7, 2025
  • MIL-OSI Economics: China Unicom Guangdong, Gree, and Huawei Win GSMA GLOMO’s “Best Private Network Solution” and “Best Mobile Innovation for Connected Economy” Awards

    Source: Huawei

    Headline: China Unicom Guangdong, Gree, and Huawei Win GSMA GLOMO’s “Best Private Network Solution” and “Best Mobile Innovation for Connected Economy” Awards

    [Barcelona, Spain, March 7, 2025] During the MWC Barcelona 2025, China Unicom Guangdong, Gree, and Huawei took home the GSMA Global Mobile (GLOMO) Awards “Best Private Network Solution” and “Best Mobile Innovation for Connected Economy” for their building the 5.5G “lights-out” factory with the 5.5G native private network solution. These awards reflect the industry’s recognition of their achievements as 5.5G native private networks enter large-scale commercial deployment in smart manufacturing.
    The 5.5G native private network solution winning GSMA GLOMO’s “Best Private Network Solution” Award

    China Unicom Guangdong, Gree, and Huawei developed the 5.5G native private network solution to pioneer advancements in core manufacturing processes. Together, they transformed Gree’s Gaolan factory in Zhuhai, China into the world’s largest 5.5G “lights-out” factory. By integrating AI foundation models with 5.5G networks’ ultra-low latency, ultra-high uplink bandwidth, and low-power high-accuracy positioning (LPHAP), the solution has demonstrated its agility, predictability, and coordination in core manufacturing processes such as production, quality inspection and logistics.
    The three companies have deployed tens of thousands of intelligent mobile connections in the factory to enable transformation from automatic to flexible, intelligent, and green manufacturing, leading to an 86% increase in production efficiency. This innovative solution enables the factory to produce 12 million split-type air conditioners annually with zero quality defects.
    The 5.5G “lights-out” factory winning GSMA GLOMO’s “Best Mobile Innovation for Connected Economy” Award

    Chen Zhenghua, General Manager of Gree’s Gaolan factory, said, “5.5G is key to our concept of the next generation ‘lights-out’ factory. With 5.5G networks, RedCap terminals, and management platforms, we have achieved end-to-end device connectivity, intelligent logistics, and online quality inspection. As we move forward, Gree is committed to advancing smart manufacturing in China and making a stronger impact on the global stage.”
    Pan Guixin, Chief Innovation Officer and General Manager of the Network R&D Centre at China Unicom Guangdong, remarked, “I’d like to thank GSMA for acknowledging our innovative achievements in 5.5G native private networks for smart manufacturing, as well as Gree, Huawei, and our other industry partners for their ongoing support. Driven by the powerful capabilities of 5.5G, we have successfully upgraded industrial control, quality inspection, and logistics processes in Gree. In the future, we will explore more innovative application scenarios based on the 5.5G native private network, forming solutions that can be widely replicated and continuously injecting momentum into the manufacturing industry.”
    David Li, Vice President of Huawei Wireless Solution, stated, “I would like to thank GSMA for its high recognition of our 5.5G native private network solution. Huawei will continue to work with operators and industry partners to unleash the potential of 5.5G and AI integration, and drive digital-intelligent transformation of more industries and enterprises across the world.”
    MWC Barcelona 2025 is held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.
    In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world.
    For more information, please visit: https://carrier.huawei.com/en/events/mwc2025

    MIL OSI Economics –

    March 7, 2025
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