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Category: Business

  • MIL-OSI: Trust Stamp ® announces the achievement of the D-seal

    Source: GlobeNewswire (MIL-OSI)

    COPENHAGEN, March 05, 2025 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™, has been awarded the D-seal, a recognized label for IT security and responsible data usage. The D-seal is the first of its kind to combine IT security and responsible data usage into a single label. This milestone further solidifies Trust Stamp’s leadership in delivering ethical, privacy-preserving digital identity solutions, particularly in humanitarian aid, financial inclusion, and public sector services, assuring these organizations that Trust Stamp’s privacy-first solutions meet the highest ethical and security standards. By voluntarily undergoing the comprehensive evaluation of the D-seal, Trust Stamp has demonstrated its unwavering commitment to responsible digital practices.

    By adhering to the values of D-seal such as IT security, privacy, and responsible use of data, it can bring a shift to the humanitarian sector. The humanitarian sector has historically prioritized efficiency and fraud prevention over privacy, often collecting and storing vast amounts of biometric data without adequate safeguards. As a result, vulnerable populations face increased risks of data breaches, misuse, and unintended surveillance.
     
    By voluntarily undergoing the comprehensive evaluation of the D-seal, Trust Stamp reinforces its longstanding commitment to responsible digital practices, and continues to lead the way—enhancing fraud prevention and operational efficiency while ensuring the protection of individual rights.  Likewise, in financial inclusion, where billions remain unbanked due to a lack of verifiable identity, Trust Stamp’s privacy-preserving technology empowers individuals with secure, interoperable, and responsible identity solutions that open doors to financial services while minimizing risks of misuse or exploitation.

    Beyond humanitarian and financial sectors, Trust Stamp’s commitment to ethical, secure, and interoperable identity solutions also extends to governments seeking to modernize their digital infrastructure without falling into the trap of vendor lock-in, a significant challenge, especially for developing nations. The achievement of the D-seal aligns with Trust Stamp’s commitment to breaking vendor lock-in and ensuring secure, ethical, and interoperable digital identity solutions. By leveraging privacy-preserving technologies that are adaptable and vendor-agnostic, Trust Stamp empowers public sector entities, as well as the humanitarian and financial sectors —to enhance security, efficiency, and inclusivity without being constrained by proprietary systems removing the constraints of vendor lock-in. This approach not only fosters innovation, it ensures that governments can implement sustainable and future-proof identity solutions that serve their citizens without compromising autonomy or security.

    Scott Francis, Group Chief Technology Officer at Trust Stamp, stated:

    “Receiving the D-seal certification underscores our commitment to security, privacy, and ethical data practices—values that are deeply embedded in our mission to break the cycle of vendor lock-in. The D-seal’s emphasis on IT security and responsible data usage aligns with our approach to interoperability, ensuring that identity solutions remain secure, privacy-preserving, but also interoperable. As interoperability in facial biometrics is non-existent today our recent patent addresses that gap, as it allows users to obtain and compare biometric samples across different vendors. By creating an open-format standard, we empower organizations to implement secure and scalable identity solutions .”

    The D-seal achievement reaffirms a commitment to secure, privacy-first identity verification with interoperable, vendor-agnostic solutions that promote financial inclusion and tackle critical challenges in humanitarian and public sectors, fostering a digital identity ecosystem founded on privacy, trust, and accessibility.

    For more information about Trust Stamp’s privacy-first identity solutions, visit www.truststamp.ai.

    Inquiries

    Trust Stamp                                                   Email: Shareholders@truststamp.ai 
    Jonathan Patscheider
    President, Trust Stamp Denmark

    About Trust Stamp

    Trust Stamp the Privacy-First Identity CompanyTM, is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

    Located in six countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The company was founded in 2016 by Gareth Genner and Andrew Gowasack.

    Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

    All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update

    The MIL Network –

  • MIL-OSI Economics: Governor, Reserve Bank of India meets select non-bank Payment System Operators and FinTechs at Mumbai on March 05, 2025

    Source: Reserve Bank of India

    Governor, Reserve Bank of India today held an interaction with non-bank Payment System Operators and FinTechs along with their associations/SROs. The interaction was a part of the Reserve Bank’s series of engagements with the Payments and Fintech ecosystem. The interaction was also attended by Deputy Governors Shri M. Rajeshwar Rao, Shri T. Rabi Sankar and Shri Swaminathan J., along with Executive Directors-in-Charge of Payments, Fintech and Regulation.

    The Governor, in his remarks, recognised the important role played by the FinTechs including the payment system players, account aggregators, digital lending service providers in the growth of India’s financial system and economy. The Governor underscored the need for responsible innovation and emphasised the need for ensuring compliance by the entities who are new to regulatory space. He also emphasized that RBI values such interactions with the ecosystem participants and would continue to adopt a consultative approach.

    During the interactive session, the participants shared their feedback on the evolving payment and fintech ecosystem, various industry level initiatives and their expectations from the Reserve Bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2306

    MIL OSI Economics –

  • MIL-OSI Africa: Nigeria reduces inflation rate, but the cost of living remains high – here’s why

    Source: The Conversation – Africa – By Taiwo Hassan Odugbemi, Lecturer in Economics, University of Abuja

    Nigeria recently rebased its consumer price index (CPI) from 2009 to 2024, leading to a significant drop in the reported inflation rate from 34.80% to 24.48%.

    This change has sparked discussions on the likely impact on economic planning, policy decisions, and public perception of inflation. Taiwo Odugbemi, an economist, unpacks what it means for a country to rebase its inflation rate and its implications for citizens.

    What is inflation rate rebasing and how is it done?

    Inflation rate rebasing follows a structured approach led by the National Bureau of Statistics to improve the accuracy of inflation measurements. Essentially what it means is that the National Bureau of Statistics expanded its data collection efforts to include a broader range of states, local government areas, and rural communities.

    The recent inflation revision involved:

    Updating the consumer price index basket

    The bureau reviewed and changed the composition of goods and services in the consumer price index basket. The index tracks the rate at which prices change over time, monthly or annually.

    These changes align the measurement of price changes with shifts in consumer spending habits.

    The changes to the basket are based on the household expenditure surveys which collect information on what households consume and spend.

    Categories such as telecommunications and technology were given greater weight. Less relevant items such as food and non-alcoholic beverages received reduced weighting to ensure the consumer price index accurately represents present-day household spending.

    Rebasing the inflation index

    The changes to the composition of the consumer price index basket require a change in the reference (base) year. The bureau has changed the consumer price index base year from 2009 to 2024.

    This adjustment aligns inflation measurements with current economic realities, reducing distortions caused by outdated reference periods. To achieve this, the National Bureau of Statistics has implemented high-frequency data collection methods, such as the National Longitudinal Phone Survey, which allows for more timely assessments of economic indicators.

    Adjusting weights of consumer price index components

    Each part of the consumer price index was given a new weight based on updated national consumption data. Spending categories with increased significance, such as transport and digital services, were given higher weights, while categories with declining relevance such as gas and other fuels were adjusted downward.

    Expanding data collection coverage

    The National Bureau of Statistics improved price data collection by:

    • increasing the sample size and geographical coverage

    • increasing the frequency of data collection

    • incorporating price variations from informal markets.

    The informal sector significantly contributes to Nigeria’s economy, accounting for approximately 58% of the gross domestic product (GDP).

    Read more: Nigeria’s 2025 budget has major flaws and won’t ease economic burden

    What does this rate rebase mean? Is it unusual?

    The rebase is a revision in the way inflation is measured. It reflects an effort to represent price movements and economic conditions more accurately.

    Inflation readjustment is not uncommon among economies striving for better data accuracy. Countries such as Ghana and Kenya have undertaken similar revisions in recent years.

    Ghana’s consumer price index rebasing in 2019 led to a lower reported inflation rate as it was calculated on newer spending habits.

    Similarly, in 2014, Nigeria rebased its gross domestic product. This resulted in a significant revision of economic indicators.

    Inflation in Nigeria reached 29.90% in January 2024. Revising how it is measured could be an attempt to capture structural economic changes more precisely.

    Concerns over outdated consumer price index weights might have driven the move. The rebase could also have been done because of shifts in consumer spending, or improvements in statistical methodologies to enhance policy-making and economic planning.

    The National Bureau of Statistics said the rebasing was necessary in order to reflect changes in consumption patterns.

    Given Nigeria’s persistent inflationary pressures, made worse by currency depreciation and food supply disruptions, this adjustment could have significant implications for economic forecasting and policy responses.

    Read more: Nigeria’s Brics partnership: economist outlines potential benefits

    What are the implications for Nigerians?

    If inflation is perceived as declining, consumer confidence may improve, leading to increased spending and investment.

    However, many Nigerians may still feel that the cost of living remains high, particularly as food inflation remains a major concern.

    For workers and businesses, the adjustment could influence wage negotiations and pricing strategies. If inflation is officially lower, employers may resist wage increases, arguing that the real cost of living has not risen as sharply as previously thought.

    Similarly, businesses may reassess pricing decisions based on the revised inflation outlook.

    A lower reported inflation rate might reduce pressure on policymakers to expand social safety nets, even if citizens still struggle with economic hardship.

    Read more: Nigeria’s economy in 2025 doesn’t look bright — analyst explains why

    What changes in policy can be expected?

    This adjustment can alter the way monetary, fiscal and exchange rate policies are formulated.

    Monetary policy adjustments

    With a lower inflation rate, the Central Bank of Nigeria (CBN) may reconsider its aggressive tightening stance, which is reflected in the level it sets interest rates at.

    Previously, high inflation prompted the central bank to raise the monetary policy rate to 22.75% in a bid to curb inflation. Raising the rate makes it more expensive to borrow money, so demand for goods is lower and this reduces price increases.

    The revised inflation figure could justify a more measured approach to interest rate adjustments, potentially easing borrowing costs for businesses and households. This could support economic growth but must be carefully managed.

    In the last Monetary Policy Committee meeting after the inflation rebasing, the committee decided for the first time in three years to pause interest rate hikes.

    Fiscal policy considerations

    The government may use the revised inflation data to reassess budgetary projections, wage policies, and what it spends on subsidy programmes.

    A lower inflation rate could reduce the urgency for drastic public sector wage increases, though real income concerns remain.

    Additionally, it might influence subsidy policies, particularly in energy and agriculture. Lower inflation could be used to justify gradual subsidy phaseouts without significant backlash.

    Exchange rate management

    A lower inflation rate could improve investor confidence and reduce pressure on the naira. The central bank may use this as a basis to re-calibrate foreign exchange interventions, aiming for greater currency stability.

    If inflation is perceived as more controlled, capital inflows may increase, supporting the exchange rate and easing forex liquidity challenges.

    – Nigeria reduces inflation rate, but the cost of living remains high – here’s why
    – https://theconversation.com/nigeria-reduces-inflation-rate-but-the-cost-of-living-remains-high-heres-why-251073

    MIL OSI Africa –

  • MIL-OSI Video: UK Call for evidence launched into remote and hybrid working in the UK

    Source: United Kingdom UK House of Lords (video statements)

    Since the pandemic, home-based working, or ‘working from home’, has become significantly more common.

    The House of Lords Home-based Working Committee has been set up to consider the challenges and opportunities of remote and hybrid working, including the impact on productivity, the wider economy and society.

    The committee wants to hear from you. Whether you’re an employer, employee, academic or organisation you can get involved.

    Share your views by 25 April https://committees.parliament.uk/committee/771/homebased-working-committee/news/205578/call-for-evidence-launched-into-remote-and-hybrid-working-in-the-uk/

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • X: https://twitter.com/UKHouseofLords
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    • Instagram: https://www.instagram.com/UKHouseofLords/
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    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament

    https://www.youtube.com/watch?v=si39qWllI00

    MIL OSI Video –

  • MIL-OSI United Kingdom: Director bans for husband-and-wife after furniture company took payments from customers for goods they never received

    Source: United Kingdom – Executive Government & Departments

    Press release

    Director bans for husband-and-wife after furniture company took payments from customers for goods they never received

    The company went into liquidation owing customers at least £97,000

    • George and Williamina Hay were directors of furniture retailer DWH Trading Ltd in Aberdeenshire 

    • The company was in financial trouble in April 2023, having a number of outstanding orders from customers 

    • Despite knowing the financial situation of their company, the husband-and-wife took 55 more orders, most of which were not even placed with their suppliers 

    • Both have now been disqualified as company directors following investigations by the Insolvency Service 

    A husband-and-wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors. 

    George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from their home address in Aberdeenshire. 

    The company was struggling financially by April 2023 but continued to take orders and payments from customers in the following six months before it entered liquidation. 

    Both directors should have known that the majority of these orders would never be fulfilled. 

    George Hay, 65, of Greenacres Crescent, Peterhead, was disqualified as a company director for seven years. 

    Williamina Hay, 61, of the same address, was also banned for seven years. 

    Mike Smith, Chief Investigator at the Insolvency Service, said: 

    George and Williamina Hay both took orders from customers in the six months before their company went into liquidation, most of which they knew would not be fulfilled. 

    Most of the customers they took these orders from were elderly and vulnerable. 

    Both George and Williamina Hay have fallen significantly short of the standards we expect of company directors which is why they have now been disqualified until March 2032.

    DWH Trading was established in March 2021 but in just over two years the company had serious cash flow issues. 

    At the start of April 2023, DWH Trading’s bank balance stood at less than £6,000 and the company had no other non-cash assets. 

    The company also had 13 outstanding orders from customers who had paid them £27,250. DWH Trading had not ordered the goods from its suppliers and the orders remained outstanding at liquidation. 

    Despite this, George and Williamina Hay allowed the company to take a further 55 orders from April 2023 until the company entered liquidation in October of that year. 

    A total of 42 of the 55 orders with a value of £69,750 were not placed with the company’s suppliers. 

    In one example, a pensioner from Stonehaven paid a £2,000 deposit to the company for an adjustable chair which was never ordered from the manufacturer.  

    Similarly, a customer from a village in west Aberdeenshire paid a £9,000 deposit for furniture which was never delivered. 

    Customers from as far away as Dundee and Elgin also ended up losing out. 

    The company owed a total of £143,340 to its creditors in liquidation. Insolvency Service investigators have found that at least £97,000 of this was owed to customers for stock which it did not order. 

    The Secretary of State for Business and Trade accepted disqualification undertakings from the pair, and their bans both started on Monday 3 March.  

    The undertakings prevent them from being involved in the promotion, formation or management of a company, without the permission of the court. 

    Further information 

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Martyn Oliver’s speech at the Nursery World Business Summit

    Source: United Kingdom – Executive Government & Departments

    Speech

    Martyn Oliver’s speech at the Nursery World Business Summit

    Sir Martyn Oliver, Ofsted’s Chief Inspector, spoke at the 2025 Nursery World Business Summit in London.

    Hello, thank you for the invitation to speak to you all today.

    Congratulations also to Nursery World on your hundred-year anniversary. That’s a fantastic achievement.

    I want to start by also thanking you for the wonderful work you do every day.

    We all know how important it is to make sure children get the best start in life.

    The early years are when the first building blocks are laid and when we set children on a lifelong journey of learning.

    So, thank you again.

    I’m looking forward to hearing from you and having a discussion with Catherine, but I just want to take a few minutes to tell you about the changes we’re proposing to how we work with you and other education providers.

    If you don’t already know, we’re consulting on a new approach on how we inspect and on how we report.

    Our aims

    We had several goals in mind as we developed these proposals.

    Firstly, and importantly, we want to keep the best of the current framework. The prominence of things like communication and language, what we want children to learn and, of course, how we keep them safe. They will all stay. I hope you agree that these elements have driven ever higher standards and a focus on what really matters in those precious early years.

    Secondly, we want to better inform parents and families. And so, we’re proposing a new report card that gives more detailed, more specific, and more nuanced information about the places educating their children, removing those simplistic overall effectiveness grades.

    Choosing a nursery is often the first educational choice families make.

    And it’s often the choice for which they have the most options to make a decision between.

    I believe our new report cards will do more to help them with this decision.

    And I believe they will do more to shine a light on the great things you’re doing and what makes your settings unique.

    Too often, what makes you remarkable was lost behind a few headline words.

    Soon, our proposals suggest that families will be able to see, in more detail, what’s special about you, what you do well and what you’re working on.

    Thirdly, we want to put inclusion at the heart of what we do. We’re proposing a new evaluation area looking very specifically at how you support the most vulnerable and disadvantaged children. And we’re threading it through every other evaluation area that we look at. Because, and I’ve always said this, I believe if you’re getting it right for the most disadvantaged and vulnerable, you’ll be getting it right for all your children.

    But alongside all of that, we want to make life easier and simpler for you.

    That’s why we’ve developed our new inspection toolkits for how we inspect. These set out the standards we expect, the standards that you all work to and in many cases beyond, across a range of evaluation areas.

    The evaluation areas themselves are, we believe, the core elements that go to make up great provision. And, fundamentally, these are rooted in the regulations and the statutory requirements that you already have to work to in the early years foundation stage – the EYFS. We’re not asking anything new of you, or anything you won’t already be doing.

    Tailoring our approach to you

    We heard in the Big Listen, last year, that you felt the current framework didn’t fully recognise the uniqueness of early years.

    So, the first thing to say is that these toolkits are bespoke to the different types and stages of education. Rather than a one-size-fits-all framework, there’s a toolkit specifically for you, for the early years sector. For nurseries like you and anyone else educating the youngest children.

    We’ll then go even further. And we’ll tailor our approach to how you work. We will train our inspectors on how to apply the toolkit in each type of provision – and share this information with you. And we’ll shape our inspection activities to the age and stage of development of the children in your care, and the context in which you’re working. That’s so crucial.

    So, for example, your inspection will look different to one at a childminder. This all means we can match our approach to what’s really important to your children and to their families.

    And we can take proper consideration of the challenges and the context that you are facing.

    Using existing standards

    As I’ve mentioned, we have also built the standards in all of our toolkits on the existing requirements for each sector. So, in your case, as I’ve just said, they are based around the requirements set out in the EYFS with the statutory and the regulatory standards at the core.

    We want you to be working for your children, not doing things ‘for Ofsted’.

    Nothing that we’re looking at should come as a surprise.

    We want to see things like:

    • safe and supportive environments
    • well-designed and delivered curricula
    • support and professional development for your staff
    • children developing across all the areas of learning
    • and a thoughtful combination of explicit teaching, planned and purposeful play, yes, purposeful play, and lots of positive interactions between you and your children

    How we recognise that you’re doing these things is also changing. We heard from parents in the Big Listen that a single word summary grade didn’t provide that nuance and a complex picture of a provider that they wanted.

    So, we will provide one of 5 grades for a range of evaluation areas. There will be ‘causing concern’ and ‘attention needed’ grades for an area where something isn’t quite good enough, and needs some focus to improve.

    But, if you’re meeting the government’s EYFS requirements for the learning, development and care of your children, you will also be meeting the standards for a ‘secure’ grade. And if you are going beyond these standards then you will be working at a ‘strong’ level. Perhaps, you may even have an element of your work that is at our new highest ‘exemplary’ standard.

    Your funding

    We know that your funding can often be dependent on our grades. So, let me also take this opportunity to reassure you that we are working with the department for education to maintain the continuity in this funding as our approach and our grades change.

    And if for any reason we do find something that needs attention, we will return more quickly than ever to check on the improvements you’re making. And that way, you won’t have long periods with an inspection outcome that no longer reflects your provision.

    Helping you grow

    But if you’re doing well, and you want to grow your business, we want to make sure you’re able to do just that. We want to help the best providers to get more settings registered more quickly. To offer care and education to more children.

    But to do this, I know you need to be able to recruit good staff too. And I know that’s really difficult for many of you right now.

    We want to make sure more people can enter the sector. We want you to have access to the workforce you need and young children need to have the consistent relationships with fantastic practitioners like you that they deserve.

    But I do need to be clear. The answer isn’t lower standards.

    Having appropriately qualified staff is important, and Ofsted does have concerns about the government’s new experience-based route. We will work with them to make sure any new routes into the profession continue to meet the high standards that we all want in this room for children.

    Next steps

    So that’s a quick run through of our proposals, and some of our other current priorities.

    I’m happy to answer questions on any and all of that, or anything else you want to ask about.

    I’m also delighted that Wendy Ratcliff, our Principal Officer for Early Years Education, is going to join me for the discussion. If you’ve got any really tricky questions, watch how nimbly I pass them over to Wendy. You’ve got me stumped!

    What’s more, if we run out of time, Wendy and her colleagues will be running a drop-in zone in the lunch breakout area after the session. So, you can go and ask them anything we don’t get to in this session.

    But before all of that, I just want to finish with a plea.

    A plea for you all to take part in our consultation. You can find it on our website, and you have until 28th April to participate.

    I’m really proud of the proposals we’re making. I think they will be better for you, better for parents, and most importantly, better for children.

    But I’m sure they can still be improved. And I’m sure that we need your help for that.

    You’re out there every day, making a difference in children’s lives. So please bring that wealth of experience that exists in this room, to bear and help us make the best possible system we can.

    Perhaps something is unclear or ambiguous? Perhaps we can do more to recognise the nuances of different types of provision or your unique context and challenges? Or perhaps we need to aim even higher and expect more to make sure all children get that crucial best start in life?

    Whatever it is, please don’t miss this opportunity to tell us. You can make a real difference, and we need your help.

    So thank you, and let’s get to some questions.

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Continuing to Build New Partnerships in Saskatchewan Through Artsvest

    Source: Government of Canada regional news

    Released on March 5, 2025

    The Government of Saskatchewan will provide $100,000 to support Saskatchewan artists and arts organizations through artsvest Saskatchewan, a matching sponsorship and training program delivered by Business / Arts that encourages private sector investment in arts, culture and heritage organizations.  

    Participating organizations can apply to receive funding and professional development support through webinars and hands-on workshops on topics such as governance, fundraising, marketing, fund development and financial sustainability. 

    “Our province is home to so many talented artists and we are proud to fund artsvest Saskatchewan for another year,” Parks, Culture and Sport Minister Alana Ross said. “Saskatchewan was the first province to partner on the program which provides a wonderful opportunity to support the arts community and help organizations strengthen their knowledge and skills.” 

    Since 2011, the province has invested more than $2 million in the artsvest Saskatchewan program. This in-turn has helped create 1,641 partnerships between the arts, culture and heritage sectors and the private sector, resulting in a total economic impact of over $10 million in Saskatchewan.

    Over the years, this program has proven itself to be a highly successful way of aligning businesses with arts, cultural and heritage organizations to work together and partner in ways that benefit both parties, their communities and ultimately the province.

    “The arts and business sectors can achieve remarkable things when they work together, and artsvest helps make those connections possible,” Business / Arts President and CEO Aubrey Reeves said. “With continued support from the Government of Saskatchewan and the Department of Canadian Heritage, we look forward to empowering Saskatchewan’s arts organizations with the resources they need to build lasting partnerships and enrich their communities.” 

    Here is what some program participants have said:

    Melfort Arts Council: “artsvest is a golden opportunity to learn and give back. It is almost unbelievable that this program is available! It is a no-brainer opportunity to make your organization stronger, and in turn, to support the growth of your community.” 

    Watrous Manitou Beach Heritage Centre: “Our continued participation [in artsvest] has allowed us to offer programs to the community that we may not have otherwise. The education portion provided information that assisted our staff in developing new skills. The videos offering different learning topics were beneficial to us. Our mentor was able to pinpoint some of our deficiencies that we were able to improve.” 

    Blenders Events: “artsvest bolsters our sponsorship drive with its mentorship and matching program. As our new organizational structure takes shape, we will use more of the resources provided. Money is tight with all organizations, and it is helpful to leverage those matching funds to obtain sponsorships. The webinars are helpful in seeing how other organizations across the country are doing, in hearing market trends, and in seeing what other people are doing.”

    For more information on the program, or how to apply, visit: www.businessandarts.org/artsvest/about-saskatchewan/.

    About Business / Arts
    Business / Arts is a national charitable organization that champions business investment in the arts and looks to build strong, lasting partnerships between the arts, business and government in Canada. Through targeted programming initiatives and a connected network of arts champions, Business / Arts works to ensure the arts are recognized as playing a vital role socially, culturally and economically across Canada.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI: AONDevices Partners with Faraday to Enhance Production Capabilities

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., March 05, 2025 (GLOBE NEWSWIRE) — AONDevices, a leader in super-low-power, high-accuracy edge AI solutions, is pleased to announce a strategic partnership with Faraday Technology Corporation, a renowned ASIC design service and silicon IP provider. This collaboration aims to bolster AONDevices’ production capabilities, ensuring reliable and scalable manufacturing of its cutting-edge AI processors.

    Leveraging Faraday’s Comprehensive Manufacturing Expertise for Supply Chain Resilience

    Faraday, a publicly traded company, has completed thousands of IC tapeouts resulting in hundreds of millions of chips shipped worldwide a year. As the IC design service partner of United Microelectronics Corporation (UMC), Faraday offers priority access to advanced semiconductor manufacturing processes, ensuring consistent and reliable production even amidst fluctuating market conditions. Beyond fabrication, Faraday provides end-to-end custom IC services, including customized low-power IP service, packaging, assembly, and testing. Their packaging solutions range from 2.5D & 3D advanced packaging to high-end Flip Chip BGA and cost-effective Quad Flat Pack, tailored to meet diverse application needs. In testing, Faraday has developed an automated test program generator capable of creating customized test programs within half a day, enhancing efficiency and reliability. This comprehensive suite of services ensures a resilient production pipeline, enabling AONDevices to fulfill customer orders promptly and efficiently.

    Enhancing Product Quality through Comprehensive Silicon Qualification

    To further ensure the quality and reliability of its AI processors, AONDevices will benefit from Faraday’s extensive silicon qualification services. These services encompass wafer process reliability qualification, package reliability qualification, and product reliability qualification, ensuring that all semiconductor devices meet stringent industry standards. By leveraging these capabilities, AONDevices can confidently deliver high-quality, super-low-power AI solutions to its customers.

    “Partnering with Faraday aligns with our commitment to deliver high-quality, super-low-power AI solutions to our customers,” said Mouna Elkhatib, CEO/CTO of AONDevices. “Faraday’s extensive experience and priority access to UMC’s manufacturing capabilities provide us with the scalability and reliability necessary to meet the growing demand for our products.”

    Monte El-Khatib, Director of North American Sales at Faraday Technology, added, “We are excited to collaborate with AONDevices in bringing their innovative edge AI solutions to market. Our proven manufacturing expertise and comprehensive services, including packaging, assembly, and testing, will ensure that AONDevices’ processors are produced with the highest quality and efficiency.”

    About AONDevices

    AONDevices, Inc. is a leader in super-low-power, high-accuracy edge AI solutions, redefining always-on, battery-operated devices. With cutting-edge chip architecture, lightweight neural networks, and RISC-V-based hardware, AONDevices delivers exceptional AI performance at ultra-low power.

    Designed for OEMs, AONDevices’ scalable solutions enable advanced features like wake word detection, voice commands, acoustic event recognition, gestures, motion tracking, and environmental context awareness. From personal devices and smart home systems to automotive technology, AON empowers the creation of intelligent, energy-efficient, and privacy-focused products.

    For more information, visit www.aondevices.com or connect with the company on LinkedIn.

    About Faraday Technology Corporation

    Faraday Technology Corporation (TWSE: 3035) is dedicated to the mission of benefiting humanity and upholding sustainable values in every IC it handles. The company offers a comprehensive range of ASIC solutions, including total 3DIC packaging, Neoverse CSS design, FPGA-Go-ASIC, and design implementation services. Furthermore, its extensive silicon IP portfolio encompasses a wide array of offerings, such as I/O, Cell Library, Memory Compiler, ARM-compliant CPUs, LPDDR4/4X, DDR4/3, MIPI D-PHY, V-by-One, USB 3.1/2.0, 10/100 Ethernet, Giga Ethernet, SATA3/2, PCIe Gen4/3, and SerDes. For further details, visit www.faraday-tech.com.

    Media Contact:
    Stephanie Olsen
    Lages & Associates
    (949) 453-8080
    stephanie@lages.com

    The MIL Network –

  • MIL-OSI: Trade Smarter with BexBack: 100% Deposit Bonus, 100x Leverage, No KYC & $50 Bonus for New Users

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 05, 2025 (GLOBE NEWSWIRE) — With Bitcoin’s price fluctuating below $100,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages.The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and up to 100x leverage on cryptocurrency trading—all with No KYC requirements—providing excellent opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and 50 other major cryptocurrencies for futures contracts.. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. 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/e21fc178-7344-42ca-b670-266d9c3f7531

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6202de8e-d347-431f-8adf-311f08c14aad

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c61032f7-5659-4e45-9303-cfbf114c3816

    https://www.globenewswire.com/NewsRoom/AttachmentNg/50ebb12a-7da1-4e6f-8a18-4ec9f503aa97

    The MIL Network –

  • MIL-OSI: Partners Value Split Corp. Announces Completion of $200,000,000 Public Offering of Class AA Preferred Shares, Series 15

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

    TORONTO, March 05, 2025 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”) announced today the completion of its previously announced offering of Class AA Preferred Shares, Series 15 (the “Series 15 Preferred Shares”). A total of 8,000,000 Series 15 Preferred Shares were issued at an offering price of $25.00 per Series 15 Preferred Share, raising gross proceeds of $200,000,000. The Series 15 Preferred Shares carry quarterly fixed cumulative preferential dividends representing a 5.15% annualized yield on the offering price and have a final maturity of March 31, 2031. The Series 15 Preferred Shares have been listed and posted for trading on the Toronto Stock Exchange under the symbol PVS.PR. M.

    The net proceeds of the offering will be used by the Company to pay a special dividend on the Company’s capital shares.

    Prior to the closing of the offering, the Company subdivided the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.

    The Company owns a portfolio consisting of approximately 120 million Class A Limited Voting Shares of Brookfield Corporation and approximately 30 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. (collectively, the “Brookfield Securities”), which are expected to yield quarterly dividends that are sufficient to fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and to enable the holders of the Company’s capital shares to participate in any capital appreciation of the Brookfield Securities.

    Brookfield Corporation is a leading global investment firm focused on building long term-wealth for institutions and individuals around the world. Brookfield Corporation has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in renewable power, infrastructure, business and industrial services, and real estate. Brookfield Corporation is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN.

    Brookfield Asset Management Ltd. (“BAM”) is a leading global alternative asset manager, headquartered in New York, with approximately US$1 trillion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit. BAM’s objective is to generate attractive, long-term risk-adjusted returns for the benefit of its clients and shareholders. BAM is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM.

    Jason Weckwerth, Chief Financial Officer, will be available at (416) 363-9491 to answer any questions regarding the offering.

    This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and regulations. The words “expected”, “will”, “agreed” and “enable” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters or identify forward-looking information. Forward-looking information in this news release includes statements with regard to the use of proceeds of the offering and quarterly dividends from the Company’s portfolio of Brookfield Securities which are expected to fund quarterly fixed cumulative preferential dividends for holders of the Company’s preferred shares and to enable holders of its capital shares to participate in any capital appreciation of the Brookfield Securities. Although the Company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements. Factors that could cause actual results to differ materially from those contemplated or implied by the forward-looking information and statements include: the behaviour of financial markets, including fluctuations in interest and exchange rates, availability of equity and debt financing and other risks and factors detailed from time to time in the Company’s other documents filed with the Canadian securities regulators. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the Company’s short form base shelf prospectus dated September 19, 2024 and the prospectus supplement dated February 27, 2025 for a description of the major risk factors.

    The MIL Network –

  • MIL-OSI United Kingdom: Deepening UK-US defence relations and peace in Ukraine to top agenda for Defence Secretary’s Washington visit

    Source: United Kingdom – Executive Government & Departments

    Press release

    Deepening UK-US defence relations and peace in Ukraine to top agenda for Defence Secretary’s Washington visit

    During meetings, the Defence Secretary will hail the unparalleled depth of the UK-US relationship, which bolsters security and supports economic growth

    Securing a lasting peace in Ukraine and strengthening bonds between NATO allies will be the focus of discussions during the Defence Secretary’s visit to Washington DC on Wednesday and Thursday – including a meeting with his US counterpart Pete Hegseth.

    John Healey MP will hail the unparalleled depth of the UK’s special relationship with the US – the UK’s closest security ally – as both nations continue to collaborate on military operations, peacekeeping, intelligence gathering, and development of advanced technologies – bolstering security and supporting economic growth. 

    The Defence Secretary’s arrival in Washington DC comes as the UK receives the last of an order of 50 of the latest generation AH-64E attack helicopters for the British Army, the most advanced attack helicopter in the world. The helicopter was handed over yesterday (4 March) at the Boeing site in Arizona under a programme that supports more than 300 UK jobs, helping to grow the UK economy – underscoring defence as an engine for driving economic growth. 

    The visit also comes at the conclusion of the 50th occurrence of Exercise Red Flag in Nevada, a joint exercise with the UK, United States and Australia. The training is designed to test equally matched air forces in a realistic combat scenario and involves more than 3,000 military personnel in high-intensity training, such as dogfighting, air-policing and practicing bombing runs, at Nellis Air Force Base. 

    At their bilateral meeting tomorrow [Thursday], the two Defence Secretaries are due to discuss the plan for peace in Ukraine being worked on by the US, UK, France, and European allies. It comes after Prime Minister Keir Starmer’s visit to Washington last week, where the Prime Minister and the President confirmed both nations will work together on security arrangements to deliver a lasting peace in Ukraine. The discussions follow the Prime Minister’s meeting of international leaders in London last weekend, where allies discussed the need for a lasting peace settlement, with US support.    

    The latest defence engagement with the new US administration follows a first meeting between the two Defence Secretaries last month, when the UK convened the 50-nation strong Ukraine Defence Contact Group, which coordinates urgent military support for Ukraine. 

    On Wednesday, the Defence Secretary will attend a reception to mark the 250th Anniversary of the US Marine Corps, held at the British Ambassador’s Residence in Washington DC.

    Defence Secretary, John Healey MP, said: 

    Amid a period of growing global instability, the unique and special relationship between the UK and US is as strong as ever – underlined by a shared commitment to freedom and democracy. 

    It is crucial that the UK and Europe step up further to take more responsibility for our security, and we are doing so. In the face of increasing global threats, we are cementing our ties as NATO allies, bolstering our national security and economic security, too. 

    The Prime Minister was clear following his meetings over the past week, that we will continue our dialogue with friends and allies to secure a path to a lasting peace in Ukraine. We will advance that work in Washington over the coming days.

    Discussions are also expected to cover deepening the UK-US defence relationship. The British and US Armed Forces operate in close alignment around the world, from the long-standing global coalition to combat Daesh in the Middle East to joint maritime security patrols in the Indo-Pacific.  

    Collective security and stability also support both nations’ economies and delivers on our Plan for Change.

    The AUKUS programme to develop a fleet of world-class nuclear powered, conventionally armed submarines for the UK and Australia, is a perfect example of this work – with a £9 billion contract with Rolls Royce awarded in January as part of the programme, creating more than 1,000 jobs and supporting a further 4,000 roles. 

    The Apache programme also supports the UK economy, with numerous components manufactured in the UK. This benefits 75 British companies, including 33 SMEs, with jobs being supported at the Army Aviation Centre at Middle Wallop in Hampshire and Wattisham Flying Station in Suffolk.

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Reminiscing with the Class of 1975: A Look Back with School of Pharmacy Alumni.

    Source: US State of Connecticut

    Cynthia Huge vividly recalls her time as a pharmacy student in the 1970s, a decade marked by cultural and political trouble. The Vietnam War protests and the Kent State shootings were important events during her college years. “It was a time of turmoil,” she says, noting the era’s profound impact on campus life. Despite these challenges, she felt her class embodied resilience and community.

    The pharmacy field itself was undergoing significant changes. “Pharmacy was shifting from independent ownership to chain drug stores,” Huge says. She believes this evolution opened the profession to more women. Her class of 1975 reflected this progress, with women making up 25% of students—an increase from just 10% a few years prior.

    Huge says that choosing to study pharmacy was a big decision. She had worked in a pharmacy during high school but entered UConn with little knowledge about the profession’s rigorous scientific foundation. “I thought all pharmacists did was type labels,” she says. Adjusting to courses like chemistry and physics wasn’t easy, but her determination and support from classmates helped her through.

    Cynthia Huge with the rest of the 1975 yearbook staff.

    Some of her fondest memories came from moments of creativity and humor. As co-editor of the yearbook, Huge and her team playfully dedicated it to the animals sacrificed in lab experiments. To fund the project, they organized a beer fest, a memorable event that showcased the community spirit of the School of Pharmacy.

    Reflecting on her journey, Huge acknowledges that the friendships and experiences she gained at UConn have shaped her life. “It was a different time, but the connections I made are still meaningful today,” she says. For aspiring pharmacists, she offers a simple message: embrace challenges, value collaboration, and treasure the lifelong bonds formed along the way.

    For Marghie Giuliano, the 70s at the School of Pharmacy were a time of transformation, both personally and professionally. Reflecting on her student years, Giuliano describes the decade as “unique, not just culturally and politically, but academically.” She recalls a time of significant curriculum changes, which posed challenges for students and professors alike. However, these challenges fostered resilience and growth.

    Marghie Giuliano posing for the 1975 yearbook.

    “We were labeled disruptive because we stood up for ourselves,” she says, recalling how her class was characterized by their willingness to question authority and advocate for their needs. These experiences strengthened her sense of self and cultivated a collaborative spirit among classmates. Giuliano fondly remembers the friendships that defined her experience: “We didn’t want to see anybody fail. There was a real sense of collaboration instead of competition.” This support network forged lifelong friendships and set a foundation for her career.

    Giuliano’s connection to UConn runs deep, reinforced by a family legacy in pharmacy. Her uncles, including one who also graduated from the School of Pharmacy, inspired her journey. Entering UConn for her first professional year was a significant transition from her small college background, but she found a welcoming community. “UConn has always been there for me—sometimes challenging me, sometimes supporting me,” she says. This enduring relationship with the university shaped her professional life, offering a sense of home within the larger institution.

    Looking back at the evolution of pharmacy, Giuliano marvels at the growth of the profession. “When we graduated, there were only three options: hospital, retail, or industry. Now, opportunities are endless,” she says. Giuliano encourages today’s students to broaden their horizons and embrace change, emphasizing the importance of leadership and adaptability. “Challenge yourself, step into leadership roles, and keep your vision of pharmacy open,” she says.

    Jack Collins had an unexpected start to his pharmacy career. Initially studying business at Boston College, a middle-of-the-night epiphany led him to transfer to UConn to follow in the footsteps of his pharmacist father and grandfather.

    “I woke up in the middle of the night and said, you know what? You need to go back to the pharmacy,” Collins says. “I felt that strongly. I’m from Connecticut. That’s the school you want to go to if you’re going to become a pharmacist.”

    His time at UConn wasn’t easy. The pharmacy program was intense, with five years of science-heavy courses that left little room for anything else. “It was science from freshman year through your fifth year, all in, full bore, and it was hard,” Collins says. Courses like organic chemistry and long lab sessions were especially challenging. “Organic was brutal…physics was hard, physics labs were hard.” But despite the challenges, Collins cherishes the relationships he formed with his classmates. “We had a great class. A lot of successful people came out of that class, and some of them are still good friends, even 50 years later.”

    As he entered the professional world, Collins saw the pressures of retail pharmacy firsthand and knew it wasn’t the right path for him. In the 1990s, he pivoted to Home Infusion Therapy and Compounding. “Retail pharmacy wasn’t going to sustain my growing family,” Collins says. “So, I did something different, and it worked out well.”

    Jack Collins catching up on his studies.

    Collins’ career highlights the adaptability of UConn graduates. He found success in niche areas of Pharmacy which allowed him to grow professionally and personally.

    As UConn celebrates 100 years of excellence, the class of 1975 stands as a testament to the school’s enduring legacy. “It’s hard to believe it’s been 50 years,” Collins reflects. “But I’m just happy to be part of it.”

    For future students, Collins’ advice is clear: “Try to find a branch of pharmacy that’s going to use your six years of very difficult education.” Collins encourages students to look for niches where they can apply their education and make a real impact, whether in hospitals, compounding, or other areas. “The opportunities are endless—go for it.”

    MIL OSI USA News –

  • MIL-OSI: Plume and Stobox Partner to Provide a Turn-Key Tokenization for Issuers

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, March 05, 2025 (GLOBE NEWSWIRE) — Plume Network, the first modular blockchain designed for real-world assets (RWAs), and Stobox, a leading provider of tokenization solutions, are joining forces to provide a seamless, turnkey business solution for asset issuers on Plume.

    Through this long-term partnership, Stobox will integrate its battle-tested tokenization solutions with Plume’s Arc platform, streamlining the process for issuers to tokenize assets while ensuring compliance with security regulations across multiple jurisdictions.

    By integrating Stobox’s enterprise API into Arc, Plume will enable institutions and enterprises to gain access to a fully compliant and scalable infrastructure for tokenizing multi-billion-dollar asset portfolios. Stobox’s solutions for enterprise clients will support sophisticated needs, allowing professional market players to navigate the complexities of blockchain-based asset issuance efficiently.

    With more than 180 apps and protocols in its ecosystem, Plume fosters innovation and collaboration in the RWA space. Arc alone has over $5.5Bn of real-world assets committed to be tokenized and distributed. By leveraging Stobox’s deep expertise in tokenization and regulatory frameworks, the partnership will unlock new opportunities for institutions looking to expand the reach of real-world assets through the blockchain in a secure and compliant manner.

    “Integrating Stobox’s solutions into Plume’s Arc enhances the capabilities of our Arc platform, ensuring that issuers can navigate compliance with ease,” said Luke Xiao, Head of Strategic Partnerships of Plume Network. “This partnership paves the way for enterprises to tokenize assets at an unprecedented scale.”

    “By combining our regulatory expertise with Plume’s specialized blockchain infrastructure, we are setting new standards for compliant and scalable tokenization,” said Gene Deyev, CEO of Stobox. “With this, any business will be able to tokenize its assets or equity and immediately access vast financial markets onchain.”

    Stobox has already helped tokenize over $500 million in assets across industries such as finance, mining, energy, and real estate. Stobox also developed one of the first enhanced methodologies for issuers conducting the STO properly optimized for all asset types, various feasible jurisdictions, and underlying asset classes that cover most of the cases for common business. 

    About Plume
    Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz.

    About Stobox
    Stobox is a VASP-licensed and regulated tokenization provider that builds financial markets for small and medium-sized businesses. The company offers an all-in-one solution for tokenizing, investing, and trading real-world assets (RWA) and operates in multiple jurisdictions, including the United States. Since its launch in 2018, Stobox has successfully tokenized over $500 million in assets across the finance, mining, energy, and real estate sectors. For more information, visit https://www.stobox.io or follow @StoboxCompany on X.

    The MIL Network –

  • MIL-OSI Global: Nigeria reduces inflation rate, but the cost of living remains high – here’s why

    Source: The Conversation – Africa – By Taiwo Hassan Odugbemi, Lecturer in Economics, University of Abuja

    Nigeria recently rebased its consumer price index (CPI) from 2009 to 2024, leading to a significant drop in the reported inflation rate from 34.80% to 24.48%.

    This change has sparked discussions on the likely impact on economic planning, policy decisions, and public perception of inflation. Taiwo Odugbemi, an economist, unpacks what it means for a country to rebase its inflation rate and its implications for citizens.

    What is inflation rate rebasing and how is it done?

    Inflation rate rebasing follows a structured approach led by the National Bureau of Statistics to improve the accuracy of inflation measurements. Essentially what it means is that the National Bureau of Statistics expanded its data collection efforts to include a broader range of states, local government areas, and rural communities.

    The recent inflation revision involved:

    Updating the consumer price index basket

    The bureau reviewed and changed the composition of goods and services in the consumer price index basket. The index tracks the rate at which prices change over time, monthly or annually.

    These changes align the measurement of price changes with shifts in consumer spending habits.

    The changes to the basket are based on the household expenditure surveys which collect information on what households consume and spend.

    Categories such as telecommunications and technology were given greater weight. Less relevant items such as food and non-alcoholic beverages received reduced weighting to ensure the consumer price index accurately represents present-day household spending.

    Rebasing the inflation index

    The changes to the composition of the consumer price index basket require a change in the reference (base) year. The bureau has changed the consumer price index base year from 2009 to 2024.

    This adjustment aligns inflation measurements with current economic realities, reducing distortions caused by outdated reference periods. To achieve this, the National Bureau of Statistics has implemented high-frequency data collection methods, such as the National Longitudinal Phone Survey, which allows for more timely assessments of economic indicators.

    Adjusting weights of consumer price index components

    Each part of the consumer price index was given a new weight based on updated national consumption data. Spending categories with increased significance, such as transport and digital services, were given higher weights, while categories with declining relevance such as gas and other fuels were adjusted downward.

    Expanding data collection coverage

    The National Bureau of Statistics improved price data collection by:

    • increasing the sample size and geographical coverage

    • increasing the frequency of data collection

    • incorporating price variations from informal markets.

    The informal sector significantly contributes to Nigeria’s economy, accounting for approximately 58% of the gross domestic product (GDP).



    Read more:
    Nigeria’s 2025 budget has major flaws and won’t ease economic burden

    What does this rate rebase mean? Is it unusual?

    The rebase is a revision in the way inflation is measured. It reflects an effort to represent price movements and economic conditions more accurately.

    Inflation readjustment is not uncommon among economies striving for better data accuracy. Countries such as Ghana and Kenya have undertaken similar revisions in recent years.

    Ghana’s consumer price index rebasing in 2019 led to a lower reported inflation rate as it was calculated on newer spending habits.

    Similarly, in 2014, Nigeria rebased its gross domestic product. This resulted in a significant revision of economic indicators.

    Inflation in Nigeria reached 29.90% in January 2024. Revising how it is measured could be an attempt to capture structural economic changes more precisely.

    Concerns over outdated consumer price index weights might have driven the move. The rebase could also have been done because of shifts in consumer spending, or improvements in statistical methodologies to enhance policy-making and economic planning.

    The National Bureau of Statistics said the rebasing was necessary in order to reflect changes in consumption patterns.

    Given Nigeria’s persistent inflationary pressures, made worse by currency depreciation and food supply disruptions, this adjustment could have significant implications for economic forecasting and policy responses.



    Read more:
    Nigeria’s Brics partnership: economist outlines potential benefits

    What are the implications for Nigerians?

    If inflation is perceived as declining, consumer confidence may improve, leading to increased spending and investment.

    However, many Nigerians may still feel that the cost of living remains high, particularly as food inflation remains a major concern.

    For workers and businesses, the adjustment could influence wage negotiations and pricing strategies. If inflation is officially lower, employers may resist wage increases, arguing that the real cost of living has not risen as sharply as previously thought.

    Similarly, businesses may reassess pricing decisions based on the revised inflation outlook.

    A lower reported inflation rate might reduce pressure on policymakers to expand social safety nets, even if citizens still struggle with economic hardship.



    Read more:
    Nigeria’s economy in 2025 doesn’t look bright — analyst explains why

    What changes in policy can be expected?

    This adjustment can alter the way monetary, fiscal and exchange rate policies are formulated.

    Monetary policy adjustments

    With a lower inflation rate, the Central Bank of Nigeria (CBN) may reconsider its aggressive tightening stance, which is reflected in the level it sets interest rates at.

    Previously, high inflation prompted the central bank to raise the monetary policy rate to 22.75% in a bid to curb inflation. Raising the rate makes it more expensive to borrow money, so demand for goods is lower and this reduces price increases.

    The revised inflation figure could justify a more measured approach to interest rate adjustments, potentially easing borrowing costs for businesses and households. This could support economic growth but must be carefully managed.

    In the last Monetary Policy Committee meeting after the inflation rebasing, the committee decided for the first time in three years to pause interest rate hikes.

    Fiscal policy considerations

    The government may use the revised inflation data to reassess budgetary projections, wage policies, and what it spends on subsidy programmes.

    A lower inflation rate could reduce the urgency for drastic public sector wage increases, though real income concerns remain.

    Additionally, it might influence subsidy policies, particularly in energy and agriculture. Lower inflation could be used to justify gradual subsidy phaseouts without significant backlash.

    Exchange rate management

    A lower inflation rate could improve investor confidence and reduce pressure on the naira. The central bank may use this as a basis to re-calibrate foreign exchange interventions, aiming for greater currency stability.

    If inflation is perceived as more controlled, capital inflows may increase, supporting the exchange rate and easing forex liquidity challenges.

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

    – ref. Nigeria reduces inflation rate, but the cost of living remains high – here’s why – https://theconversation.com/nigeria-reduces-inflation-rate-but-the-cost-of-living-remains-high-heres-why-251073

    MIL OSI – Global Reports –

  • MIL-OSI Global: Farm certification could make Canada’s farms fairer for migrant workers

    Source: The Conversation – Canada – By Erika Borrelli, PhD Candidate in Sociology and Social Justice, University of Windsor

    Amnesty International recently released a report criticizing Canada for labour migration policies and farm inspections that enable migrant farm worker exploitation. The report urges the Canadian government to abolish closed-work permits that tie migrant workers to a single employer.

    These concerns echo long-standing demands from Canadian researchers and migrant rights advocates. In 2024, a United Nations special rapporteur called Canada’s Temporary Foreign Worker Program a “breeding ground for contemporary forms of slavery.” Yet, calls for the government to address these flaws have gone unanswered.

    While we await much-needed policy reforms, farm certification could fill this gap. Farm certification offers a potential strategy to improve labour standards, uphold rights and amplify migrants’ voices.



    Read more:
    How we treat migrant workers who put food on our tables

    Essential but unprotected

    Though essential for the agriculture industry, migrant farm workers live in Canada on temporary, employer-tied work permits. These permits create fear of employer retaliation, discouraging workers from speaking up. This leaves them vulnerable to unsafe working conditions, abuse, exploitation and harassment, with few opportunities for recourse.

    Agricultural workers, whether migrants or citizens, are excluded from employment laws that protect workers in other industries. For example, overtime provisions, collective bargaining rights and sick pay vary by province. This leaves migrant workers — who are restricted to agricultural jobs — with fewer rights to claim. Compounding these challenges are ineffective farm inspections, which are mostly reactive and triggered by worker complaints.

    Studies show that fear of job loss and subsequent deportation or being blacklisted from immigration programs discourages migrants from filing complaints. Additionally, deterrents like fines for employers are rarely enforced, leaving violations unchecked.

    Farm certification as a creative strategy

    Farm certification recognizes farms with fair working conditions and enforces higher standards. This approach encourages retailers to prioritize certified producers, with compliance driven by market and consumer demand.

    However, some argue that relying solely on consumer choice — where people “vote with their dollar” by purchasing ethically certified products — is not enough. They’re right.

    In a recent project, colleagues and I examined the potential for introducing a farm certification scheme in Ontario.

    We focused on two U.S.-based strategies, the Equitable Food Initiative and the Fair Food Program, which emphasize collaboration among diverse stakeholders. These models offer insights into how they may be replicated in Canada while avoiding the commodification of migrants.

    U.S. farm certification models

    The Fair Food Program, initiated by the Coalition of Immokalee Workers (CIW), ensures fair wages and improved working conditions in Florida’s tomato fields.

    Compliance is enforced through contractual agreements between fast-food chains, retailers, growers and the CIW, all of whom commit to higher standards and responsible purchasing practices. Migrant workers played a central role in developing the program’s standards and remain involved in compliance and worker education.

    The Fair Food Program grew from grassroots campaigns that included hunger strikes and protests against low wages and extremely poor work conditions on farms. Campaigns later targeted major food corporations, arguing that if these companies could drive down farm wages, they could also demand better conditions from growers.

    The CIW organized a successful five-year boycott of Taco Bell, which ultimately joined the Fair Food Program, committing to source tomatoes only from growers who met the program’s standards. The boycott was successful due to sustained farm worker-student alliances. Other companies have since followed suit.

    The Equitable Food Initiative (EFI) is a certification model that integrates social and food safety standards. A selected group of workers at a certified farm, known as the Leadership Team, receive training on EFI’s standards and skills, such as communication and conflict resolution.

    The team functions as an internal grievance mechanism, allowing all workers to report concerns to designated members. Retailers participating in this initiative require growers to obtain EFI certification, replacing individual retailer audits.

    EFI emerged in California following the 2008 E. coli crisis. While industry leaders and retailers prioritized improving food safety standards on farms, migrant rights groups saw an opportunity to address poor working conditions for farm workers. Costco, Oxfam America and the United Farm Workers devised a strategy that ensures all stakeholders — retailers, growers and workers — to have an “equal seat at the table.”

    Some Canadian growers have become EFI-certified, primarily to meet demands of American retailers importing their produce. However, tariffs and the trade war between the U.S. and Canada could complicate the expansion of EFI in Canada.

    Replicating farm certification in Canada

    For farm certification to succeed in Canada, cross-movement collaboration is essential. The success of the Fair Food Program was driven by strong alliances between migrant rights and consumer movements. A similar coalition of food justice, migrant rights and consumer groups could pressure Canadian retailers to commit to ethical sourcing practices.

    EFI’s cross-sector collaboration model offers valuable lessons for Canada. Though it demands concessions, this approach fosters broad support from all stakeholders.

    For growers, it may help retain labour, particularly if sector-wide work permits are introduced that allow workers to change employers. As calls for self-reliance and food sovereignty grow in response to Trump’s tariffs, building a national food system that upholds workers’ rights will require collective efforts.

    Farm certification cannot replace essential policy reforms. Migrant workers need more secure legal status and greater labour rights, and non-compliant employers must face sanctions. However, certification can support education, empowerment and participation for workers, serving as an important complement to policy. If shaped and enforced by the workers it aims to protect, farm certification can be a meaningful tool for change.

    Erika Borrelli receives funding from the Mariam Assefa Fund and Canada Excellence Research Chair in Migration and Integration at Toronto Metropolitan University.

    – ref. Farm certification could make Canada’s farms fairer for migrant workers – https://theconversation.com/farm-certification-could-make-canadas-farms-fairer-for-migrant-workers-249560

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Government unlocks floating offshore wind with major investment for Scottish port

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government unlocks floating offshore wind with major investment for Scottish port

    The expansion of Port of Cromarty Firth will make it the first port able to make floating offshore wind turbines on site and at scale in the UK, backed by a grant from the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS).

    • Grant funding from UK government into Scotland’s floating offshore wind sector to drive growth and create hundreds of jobs
    • when fully developed, the port is expected to support up to 1,000 highly skilled jobs
    • Port of Cromarty Firth to become the UK’s first port able to make floating offshore wind turbines at scale – representing the next step of government’s Plan for Change to deliver clean power

    The Port of Cromarty Firth in Scotland will be a major hub for the UK’s world-leading floating offshore wind industry, as the UK government announces over £55 million for its expansion – creating hundreds of skilled jobs and generating growth, helping deliver the government’s Plan for Change.  

    Offshore wind projects are crucial to delivering the UK’s mission for clean power by 2030 and to become a clean energy superpower. The UK is already home to the largest grid-connected floating offshore wind farm in the world, with a further 30GW in the pipeline, and the latest statistics showing that wind generated more power than gas last year.  

    The expansion of Port of Cromarty Firth will make it the first port able to make floating offshore wind turbines on site and at scale in the UK, backed by a grant from the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS). 

    This initial financial backing from the UK government paves the way for the port to secure match-funding from other investors, with the port expected to become operational by the start of 2028.

    Construction work on the port’s expansion is expected to create up to 320 jobs. When fully developed, the port is expected to support up to 1,000 skilled jobs in the construction, installation and operational support of offshore and floating offshore wind – such as crane operators, marine engineers, and people working on the vessels towing the turbines out to sea.

    Energy Minister Michael Shanks said:

    Communities in Scotland and across the country should be powered by reliable, home-grown, clean energy from British coastlines – this is how we reduce our reliance on unstable fossil fuel markets and bring down energy bills for good.

    That’s why the government is getting on with building the infrastructure needed to roll out clean energy quickly, creating skilled jobs in local communities and driving growth – the priority in our Plan for Change.

    The UK is already a world leader in floating offshore wind, but this support for Cromarty Firth will take us even further – creating hundreds of jobs in Scotland and delivering energy security for the UK.

    Scottish Secretary, Ian Murray, said:

    Scotland is a key part of making the UK a global leader in clean energy and this investment is a significant vote of confidence in the Inverness and Cromarty Firth Green Freeport and the surrounding area.

    Through our Plan for Change the UK government is paving the way for cutting-edge floating offshore wind technology while also helping to create highly skilled jobs and drive economic growth.

    Alex Campbell, Port of Cromarty Firth Chief Executive, said:

    The Port is delighted that FLOWMIS funding has been secured for our ambitious Phase 5 expansion, which is a critical step towards creating the UK’s first custom-built floating offshore wind integration port.  

    We believe this confirmation by the UK government shows the faith in our Trust Port status to deliver jobs and economic growth locally and nationally, and that the certainty from this announcement will unlock further investment in other Ports across the Inverness and Cromarty Firth Green Freeport to boost their complementary plans.

    The £55.7 million grant award is the latest step taken by the government to deliver clean power by 2030 and support growth. The government also launched the Clean Industry Bonus, incentivising offshore wind developers to invest in cleaner supply chains and create jobs in industrial communities.

    FLOWMIS was launched in 2023, designed to provide grants to ports to support development of port infrastructure needed for deployment of floating offshore wind at scale. The Port of Cromarty Firth is one of two ports selected for funding, with plans for the second shortlisted port, Port Talbot, under development.

    Notes for editors

    The Port of Cromarty Firth estimates that between 280 – 1,000 FTE jobs will be created when the port becomes fully operational.

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: British Hallmarking Council appoints three new members

    Source: United Kingdom – Executive Government & Departments

    News story

    British Hallmarking Council appoints three new members

    The new members will be part of the British Hallmarking Council from January 2025 for a period of three years.

    The Secretary of State for Business and Trade has appointed three new members to the British Hallmarking Council from January 2025 for a period of three years.

    They will work with the Chair Noel Hunter, OBE and existing members of Council to ensure the organisation achieves its strategic objectives. 

    New members appointed are:

    • Kerry Gregory
    • Sally Leonard
    • Frederick Toye

    British Hallmarking Council Chair Noel Hunter said:

    I am delighted to welcome our three new members to Council. Their expertise in the precious metal, gemmology and jewellery trades will be invaluable as the Council continues its work to protect consumers, ensure the integrity and adequacy of hallmarking, and support growth in the sector.

    I would also like to express my thanks to our outgoing Secretary of State appointed Council members Joanna Hardy, Patrick Fuller, and Rachel Holloway for their invaluable contributions over the years.

    Kerry Gregory

    Kerry Gregory has been in the UK jewellery and pawnbroking industry for over 25 years. She started her business ‘Gemmology Rocks’ after a varied career of retail jewellery, valuing, pawnbroking and gemmology.

    Kerry holds qualifications in diamonds and gemstones from Gem-A, GIA, AIGS, and FEEG. As well as a certificate in Valuation Practice from NAJ. Kerry also holds a level 6 diploma in Education and Training specialising in teaching adults.

    Kerry is very active in both the UK and US industry, and has delivered presentations, and written articles, to critical acclaim, to many organisations and associations. A past long term tutor and head of ATC for Gem-A, she served on the board of Gem-A, and ran one of the UK Branches. Kerry is currently on the Board of Trustees for the Silversmiths and Jewellers Charity (UK), and a key contributor to the National Association of Jewellers Professional Trade Standards Committee.

    Sally Leonard

    Sally Leonard is a jeweller and consultant with over two decades of experience supporting the jewellery industry. Through her consultancy, she has guided hundreds of businesses, offering practical advice on strategy, market positioning, and sustainability.

    As the founder of Leonard of London, Sally combines her passion for design with a steadfast commitment to ethical sourcing and craftsmanship. Her work is rooted in inclusion and collaboration, helping to ensure that the jewellery sector remains both innovative and vibrant.

    She is honoured to be a Freeman of the Goldsmiths’ Company and the City of London.

    Frederick Toye

    Frederick Toye is chairman and a director of the celebrated British manufacturing firm Toye, Kenning & Spencer. Through the company, Frederick has collaborated with a wide variety of contemporary and well-known designers and brands creating precious metal jewellery, accessories and other items.

    The company uses several techniques at its diverse range of in-house workshops in the UK, including but not limited to stamping, polishing, plating, gold and silversmithing, engraving, toolmaking, enameling, woodwork, weaving, machine and hand-embroidery, gold and silver wire drawing and millinery.

    In addition, Frederick is one of the leading figures in the creation of state insignia, medals and regalia in the UK and holds a Royal Warrant from HM King Charles III for ‘the supply of gold and silver laces, insignia and embroidery’.

    Frederick is also a Liveryman of the Worshipful Company of Goldsmiths.

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Changes to sick pay will help people stay in work and grow economy

    Source: United Kingdom – Government Statements

    Press release

    Changes to sick pay will help people stay in work and grow economy

    More than one million working people across the UK will see a rise in living standards thanks to improvements to Statutory Sick Pay, ministers have announced today.

    • Landmark changes are all part of the government’s number one priority in the Plan for Change to grow the economy and put more money into working people’s pockets 
    • Announcement comes as the World Bank notes that ‘without improvements in productivity, there is no economic growth’ 
    • The government has pledged to deliver on its promise to Make Work Pay with lower income workers no longer having to choose between their health or their jobs

    This comes as the government delivers on the plan to boost workers’ rights and create a healthier, more productive workforce, which will be at the forefront of efforts to grow the economy – the priority of our Plan for Change. 

    The changes will mean up to 1.3 million people on low wages who find themselves ill will either receive 80% of their average weekly earnings or the rate of Statutory Sick Pay which will be £118.75 per week from April – whichever is lowest.  

    The move means some of the lowest earners will be up to £100 better off per week, compared to the current system. This safety net will enable people to have the time off they need to recover, so they can get better and remain in work rather than risk quitting altogether.

    Under the government’s Plan for Change, this new fairer rate strikes the right balance between providing financial security for employees who fall ill, and the cost to businesses – all while retaining the incentives for people to return to work. 

    The UK has seen a slow-down in productivity in recent years that has been more severe than other nations, which is not acceptable. The World Bank has been clear that “without improvements in productivity, there is no economic growth”.

    Today’s changes will boost productivity in the workforce to help drive growth and usher in a decade of national renewal. 

    The Deputy Prime Minister, Angela Rayner MP said: 

    What we put into our workforce, we get back and more.

    That’s why we’re making Statutory Sick Pay a right for every worker for the first time so people can stay in work rather than risk dropping out.

    This is a pro-worker, pro-business government in action – boosting productivity, while ensuring people don’t have to choose between health and wealth, helping deliver our Plan for Change.

    Secretary of State for Work and Pensions, Liz Kendall MP said: 

    For too long, sick workers have had to decide between staying at home and losing a day’s pay or soldiering on at their own risk just to make ends meet. 

    No one should ever have to choose between their health and earning a living, which is why we are making this landmark change. 

    The new rate is good for workers and fair on businesses as part our plan to boost rights and Make Work Pay, while delivering our Plan for Change.

    The government’s response to its Statutory Sick Pay consultation has also been published today alongside other responses and amendments to the Employment Rights Bill, including on tackling fire and rehire and zero-hour contracts to tackle insecure work.  

    This latest move follows the commitment to ensure the right to sick pay from the first day of illness, and to make more people eligible by removing the need to earn Lower Earnings Limit. 

    Over 1,700 responses to a six-week consultation helped inform the decision on the new rate, taking in to account the views of businesses, charities, trade unions and workers.  

    TUC General Secretary, Paul Nowak, added:

    Nobody should be plunged into hardship when they become ill. 

    These reforms will stop millions from facing a financial cliff edge if they get sick.

    Making statutory sick pay available to all workers – and from day one – shows why the government’s Employment Rights Bill is so important.

    With sick pay rights from the first day of sickness, you will know that your family is protected. And you can take the time you need to recover.

    We hope this is the start of a programme of sick pay reform and will continue to make the case for higher future sick pay rates.

    Further information:

    • The Lower Earnings Limit (currently £123 per week) is the amount of earnings that allow an employee to qualify for Statutory Sick Pay.
    • The DWP published a consultation in October 2024 seeking views on what the new percentage rate that will be paid up to the flat rate of Statutory Sick Pay should be. The consultation ran until December 2024 and received 1,797 responses: Making Work Pay: Strengthening Statutory Sick Pay – GOV.UK  
    • The Government’s response to this consultation and the new percentage rate of Statutory Sick Pay was published this week: Government response: Making Work Pay: Strengthening Statutory Sick Pay – GOV.UK
    • While Statutory Sick Pay is devolved to Northern Ireland, a Legislative Consent Motion will be sought from the Northern Ireland Assembly to mirror these changes.  
    • The Government has also published consultation responses covering collective redundancy (fire and rehire), the creation of a modern framework for industrial relations, the application of zero-hour contracts and tackling non-compliance in the umbrella company market: Government Response to the consultation on strengthening remedies against abuse of rules on collective redundancy and fire and rehire
    • The Employment Rights Bill was introduced in the House of Commons in October 2024. It is currently awaiting Report Stage.   
    • The World Bank notes that ‘without improvements in productivity, there is no economic growth.’ 
    • The UK has seen a productivity slowdown that is more pronounced than other advanced economies over the past few years: an increasingly insecure and fragmented labour market can undermine conditions for growth and investment.

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Two Venezuelan Gang Members Arrested, Charged with Bank Theft and Conspiracy

    Source: Federal Bureau of Investigation (FBI) State Crime News

    BUFFALO, N.Y. –U.S. Attorney Michael DiGiacomo announced today that David Jose Gomez Cegarra, 24, and Jesus Segundo Hernandez-Gil, 19, both of Venezuela, were arrested and charged by criminal complaint with bank theft and conspiracy to commit bank theft. The charges carry a maximum penalty of ten years in prison.

    Assistant U.S. Attorneys Jeffrey E. Intravatola and Douglas A.C. Penrose, who are handling the case, stated that the defendants are members of the Tren de Aragua Gang, which has been designated by the White House as a Global Terrorist Organization. They are accused of participating in an ATM Jackpotting scheme. ATM Jackpotting involves removing an ATM’s cover and infecting the ATMs hard drive with malware or removing the hard drive and replacing it with an infected hard drive, which allows the operator to assume control of the ATM and cause it to dispense currency.

    According to the complaint, Gomez-Cegarra, Hernandez-Gil, and other co-conspirators successfully completed an ATM Jackpotting scheme at a Radius Federal Credit Union in Kenmore, NY, on October 5, 2024. Video surveillance shows that at approximately 4:05 p.m., a vehicle, driven by Gomez-Cegarra,  approached the drive-up ATM, a co-conspirator exited the vehicle and opened the ATM utilizing a key, appeared to install something in the ATM, pressed buttons, and closed the ATM. The vehicle then left the area. Over the next several hours, the vehicle re-appeared multiple times at the ATM and conducted illegal withdrawals. Radius Federal Credit Union reported that $110,440.00 was stolen from the ATM during this ATM Jackpotting event.

    Gomez-Cegarra, Hernandez-Gil, and other co-conspirators are also believed to be responsible for ATM Jackpotting events St. Maly’s Federal Credit Union in Framingham, Massachusetts, on October 6, 2024, at First National Bank of Dryden in Dryden, NY, on October 17, 2024, and at two Community First Bank locations in Mount Vernon, Illinois, on November 11, 2024. During these events, approximately $187,000 was reported stolen.

    On November 11, 2024, the Mahomet, Illinois Police Department stopped Gomez-Cegarra and Hernandez-Gil in a vehicle together for suspicious activity. Both men presented Venezuelan identifications. They were arrested by the Mahomet Police Department, and ultimately charged by the Mount Vernon Police Department in relation to the incidents that occurred at the Community First Bank locations in Mount Vernon, IL.

    The complaint is the result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Matthew Miraglia, the Kenmore Police Department, under the direction of Chief Thomas Phillips, the Homer, NY, Police Department, under the direction of Chief Robert Pitman, the Framingham, MA, Police Department, under the direction of Chief Lester Baker, and the Mahomet, Illinois, Police Department.

    The fact that a defendant has been charged with a crime is merely an accusation and the defendant is presumed innocent until and unless proven guilty.

    # # # # 

     

    MIL Security OSI –

  • MIL-OSI: Invesco Ltd: Form 8.3 – PRS REIT PLC; Public dealing disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Invesco Ltd.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		    
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree    		 PRS REIT plc, The  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure    		 04.03.2025  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”    		 N/A  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 1p ordinary GB00BF01NH51  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 71,571,177 13.03      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 71,571,177 13.03      
       
       
    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    		  
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    		  
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    1p ordinary GB00BF01NH51 Sale 15,616 1.13 GBP  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (b) Agreements, arrangements, or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 05.03.2025  
    Contact name Philippa Holmes  
    Telephone number +441491417447  
       

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: LPL Welcomes Shorepoint Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, March 05, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Justin Lotano, CDFA®, has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. He reported serving approximately $250 million in advisory, brokerage and retirement assets* and joins LPL from Wells Fargo Advisors Financial Network.

    Based in Colts Neck, N.J., Lotano’s profound interest in investments and his dedication to helping others have been the cornerstones of his professional journey since he started his career in 2006. He is joined by Joe Burgard, a recent financial advisor, along with registered representative Kevyn Marteniz and staff members TJ Savona and Gianna Granato.

    “We are a young team, with an average age of about 30, but we have a great level of experience guiding individuals into a more successful retirement,” said Lotano, who noted the team also focuses on helping clients through divorce and other life transitions. “We’ve made it a priority to cultivate long-lasting relationships with clients, and now we’re beginning to work with their children and grandchildren. Our goal is to help clients feel empowered and informed along each step of their financial journey, whether that’s navigating major life transitions, managing their wealth or planning for retirement.”

    Lotano, president of the Colts Neck Lions Club, is highly active in his community. He is proud to launch Shorepoint Wealth Management in the city where he grew up.

    “Working with LPL will allow me to build my brand and grow the business on my terms,” Lotano said. “LPL is constantly investing in technology and operational support, making it the ideal place to run my business. I appreciate the integrated technology and optionality within LPL’s platform, which allows us to evaluate the best planning software and other programs to pick the best fit for our clients and business. I’m excited for what’s ahead for Shorepoint Wealth Management.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Justin and his team to the LPL community. At LPL, we are dedicated to empowering advisors with the essential tools and support to help them create value with clients and run thriving practices. Our platform offers the flexibility and support they require to develop their brand and expand their business on their own terms. We look forward to supporting Shorepoint Wealth Management for generations to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Shorepoint Wealth Management and LPL are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #701422

    The MIL Network –

  • MIL-OSI: Wearable Devices Unlocks New Market Opportunities Following an Announcement of the Development of AI-Powered Gesture Personalization Technology

    Source: GlobeNewswire (MIL-OSI)

    – Advancing AI-driven interactions for extended reality (“XR”) and wearable technology markets –

    Yokneam Illit, Israel, March 05, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, is proud to announce its next-generation gesture personalization technology that is expected to reshape human-device interactions. This breakthrough technology aims to open new commercial and licensing opportunities in the fast-growing XR, smartwatch, and AI-driven device markets.

    The Future of Personalized AI-Driven Gestures

    As AI continues to shape our digital landscape, the way we interact with technology is evolving. Traditional input methods – keyboards, touchscreens, and voice commands – are expected to give way to more natural, seamless interactions. Wearable Devices is developing an AI-powered neural wristband technology for detection of user specific micro-gestures, enabling a future of personalized controls tailored to individual users.

    While gestures such as Pinch, Pinch and Drag, and Drag are now in common use with multiple XR devices using gesture detection cameras, the use of a neural interface requires overcoming the various patterns a user may exhibit. Certain users may display neural patterns which are over the normal distribution patterns. Further, the development of new unique gestures which are personalized to a specific user may be hindered by the above obstacles.

    Through leveraging Large Motor Unit Action Potential (MUAP) Models, Wearable Devices is enhancing its ability to create a higher gesture classification experience to all users. Micro gestures, in-which the fingers only perform a minute movement, and user-defined gestures can be added to a control scheme on a device, thus enhancing the comfort of control and the ease of use on multiple devices.

    A New Era for AI-Powered Devices and XR Platforms

    Wearable Devices’ neural-based gesture personalization is being developed to revolutionize XR, smartwatches, and other AI-driven interfaces. The technology aims to enable:

    • Micro-Gesture Precision: AI refining recognition of tiny movements, such as small and fine finger swipes or pinches, ensuring reliable, real-time responsiveness.
    • Cross-Device Integration: Personalized gestures seamlessly operating across augmented reality (“AR”)/virtual reality headsets, AR glasses, smartwatches, and other AI-powered devices, creating a unified interaction experience.
    • Context-Aware Interactions: As the  large language  model gets tailored to the specific user behavior and gesture samples, the system becomes more adaptive to users’ habits of performing a gesture.

    Positioning for Growth in High-Value Markets

    Wearable Devices is targeting rapidly growing markets, including AR, virtual reality (“VR”), smartwatches, and AI-driven wearables, where personalized input solutions are increasingly in demand. By developing user-specific, AI-adaptive control interfaces, the Company aims to:

    • Enhance usability and accessibility for consumers and enterprise applications.
    • Drive adoption of neural-based interfaces in the expanding AI and XR sectors.
    • Establish licensing and commercialization opportunities for its proprietary technology.

    Collaboration and Market Expansion

    With over a decade of R&D and a growing patent portfolio, Wearable Devices is inviting AI and XR industry leaders to explore collaboration and integration opportunities.

    For more information about Wearable Devices’ AI-powered gesture control solutions under development, visit www.wearabledevices.co.il

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra Band for iOS and Mudra Link for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming, and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss our next-generation gesture personalization technology and the development of our AI-powered neural wristband technology for detection of user specific micro-gestures, expected to enable a future of personalized controls tailored to individual users; our expectations that such technology will reshape human-device interactions, open new commercial and licensing opportunities in the fast-growing XR, smartwatch, and AI-driven device markets; the benefits and advantages of our technology compared to other solutions and technologies currently available; and our goal to enhance accessibility, usability, and engagement in AI-driven environments, drive adoption of neural-based interfaces in the expanding AI and XR sectors and establish licensing and commercialization opportunities for its proprietary technology. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact

    Michal Efraty

    IR@wearabledevices.co.il

    The MIL Network –

  • MIL-OSI: NVIDIA CEO Jensen Huang and Industry Visionaries to Unveil What’s Next in AI at GTC 2025

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., March 05, 2025 (GLOBE NEWSWIRE) — NVIDIA today announced GTC 2025, the world’s premier AI conference, will return March 17-21 to San Jose, Calif. — bringing together the brightest minds in AI to showcase breakthroughs happening now in physical AI, agentic AI and scientific discovery. GTC will bring together 25,000 attendees in person — and 300,000 attendees virtually — for an in-depth look at the technologies shaping the future.

    NVIDIA founder and CEO Jensen Huang will deliver the keynote from SAP Center on Tuesday, March 18, at 10 a.m. PT focused on AI and accelerated computing technologies changing the world. It will be livestreamed and available on demand at nvidia.com. Registration is not required to view the keynote online.

    Onsite attendees can arrive at SAP Center early to enjoy a live pregame show hosted by the “Acquired” podcast and other surprise festivities. Virtual attendees can catch the pregame show live online.

    “AI is pushing the limits of what’s possible — turning yesterday’s dreams into today’s reality,” Huang said. “GTC brings together the brightest scientists, engineers, developers and creators to imagine and build a better future. Come and be first to see the new advances in NVIDIA computing and breakthroughs in AI, robotics, science and the arts that will transform industries and society.”

    AI is here, and it’s mainstream — powering the everyday brands that shape people’s lives. At GTC, some of the world’s largest companies, groundbreaking startups and leading academic minds will convene to explore the transformative impact of AI across industries.

    With over 1,000 sessions, 2,000 speakers and nearly 400 exhibitors, GTC will showcase how NVIDIA’s AI and accelerated computing platforms tackle the world’s biggest and toughest challenges — spanning climate research to healthcare, cybersecurity, humanoid robotics, autonomous vehicles and more. From large language models and physical AI to cloud computing and scientific discovery, NVIDIA’s full-stack platform is driving the next industrial revolution.

    At the conference, attendees can also look forward to curated experiences, including dozens of demos spanning every industry, hands-on training, autonomous vehicle exhibits and rides, and a new GTC Night Market featuring street food and wares from 20 local vendors and artisans.

    Notable speakers include:

    • Pieter Abbeel, director of the UC Berkeley Robot Learning Lab and co-director of the UC Berkeley Artificial Intelligence Lab
    • Drago Anguelov, vice president and head of research, Waymo
    • Frances Arnold, Nobel Laureate in chemistry and Linus Pauling Professor of chemical engineering, bioengineering and biochemistry, California Institute of Technology
    • Gülen Bengi, chief marketing officer, Mars Snacking
    • Esi Eggleston Bracey, chief growth and marketing officer, Unilever
    • Noam Brown, research scientist, OpenAI
    • Nadia Carlsten, CEO, Danish Centre for AI Innovation, Novo Nordisk Foundation
    • Max Jaderberg, chief AI officer, and Sergei Yakneen, chief technology officer, Isomorphic Labs
    • Athina Kanioura, executive vice president and chief strategy and transformation officer, PepsiCo
    • Jeffrey Katzenberg, founding partner, WndrCo
    • The Rt Hon Peter Kyle MP, secretary of state for science, innovation and technology, United Kingdom
    • Yann LeCun, vice president and chief AI scientist, Meta; professor, New York University
    • Arthur Mensch, CEO, Mistral AI
    • Joe Park, chief digital and technology officer, Yum! Brands; president, Byte by Yum!
    • Rajendra “RP” Prasad, chief information and asset engineering officer, Accenture
    • Raji Rajagopalan, vice president, Azure AI Foundry, Microsoft
    • Aaron Saunders, chief technology officer, Boston Dynamics
    • RJ Scaringe, founder and CEO, Rivian
    • Clara Shih, head of business AI, Meta
    • Alicia Tillman, chief marketing officer, Delta Air Lines
    • Pras Velagapudi, chief technology officer, Agility Robotics

    More than 900 organizations will participate, including Accenture, Adobe, Arm, Airbnb, Amazon Web Services (AWS), BMW Group, The Coca-Cola Company, CoreWeave, Dell Technologies, Disney Research, Field AI, Ford, Foxconn, Google Cloud, Kroger, Lowe’s, Mercedes-Benz, Meta, Microsoft, MLB, NFL, OpenAI, Oracle Cloud Infrastructure, Pfizer, Rockwell Automation, Salesforce, Samsung, ServiceNow, SoftBank, TSMC, Uber, Volvo, Volkswagen, Wayve and Zoox.

    Quantum Day Arrives
    NVIDIA will host its first Quantum Day at GTC on March 20. The event will bring together the global quantum computing community and key industry figures.

    Leaders from the quantum computing industry will join a panel with Huang from 10 a.m. to 12 p.m. PT, shedding light on the current state and future of quantum computing. The panel will be livestreamed and available on demand, and feature pioneers in quantum computing, including:

    • Alan Baratz, CEO, D-Wave
    • Ben Bloom, CEO, Atom Computing
    • Peter Chapman, executive chair, IonQ
    • Rajeeb Hazra, CEO, Quantinuum
    • Loïc Henriet, co-CEO, Pasqal
    • Matthew Kinsella, CEO, Infleqtion
    • Subodh Kulkarni, CEO, Rigetti
    • John Levy, CEO, SEEQC
    • Andrew Ory, CEO, QuEra Computing
    • Théau Peronnin, CEO, Alice & Bob
    • Rob Schoelkopf, chief scientist, Quantum Circuits
    • Simone Severini, general manager, quantum technologies, AWS
    • Pete Shadbolt, chief scientific officer, PsiQuantum
    • Krysta Svore, technical fellow, Microsoft

    Quantum Day will also feature technical sessions with partners, NVIDIA researchers and more.

    AI Training and Certification for Developers
    NVIDIA is training the workforce of the future to equip them with critical skills for navigating and leading in an AI-driven future.

    GTC attendees can participate in more than 80 hands-on instructor-led workshops and training labs provided by NVIDIA Training.

    For the first time, onsite attendees can take certification exams for free — gaining a tremendous opportunity to validate their AI and accelerated computing skills and advance their careers.

    In addition, new professional certifications will be available in accelerated data science and AI networking, as well as workshops in generative AI, agentic AI and accelerated computing with CUDA® C++.

    Learn more about training offerings at GTC on the event webpage.

    Startup and Venture Capital Ecosystem
    For startups and VCs, GTC will feature an AI Day with expert panels, live demos from top startups, session tracks designed for investors, a VC reverse pitch session and exclusive networking opportunities with investors.

    The NVIDIA Inception Pavilion will spotlight cutting-edge innovation from the NVIDIA Inception program, home to more than 22,000 startups. Nearly 250 Inception members will showcase their breakthroughs with demos, exhibitions and sessions spanning areas such as healthcare, climate science and robotics.

    NVIDIA Financial Analyst Q&A
    NVIDIA will hold a Q&A session for investors on March 19 at 8:30 a.m. PT. The webcast will be available at investor.nvidia.com.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Clarissa Eyu
    Corporate Communications
    NVIDIA Corporation
    ceyu@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: the timing, size, themes, sessions, speakers, participants, availability and impact of GTC, including the GTC keynote and the Quantum Day; AI pushing the limits of what’s possible — turning yesterday’s dreams into today’s reality; from large language models and conversational AI to cloud computing and scientific breakthroughs, NVIDIA’s full-stack platform driving the next industrial revolution; AI powering the everyday brands that shape people’s lives; NVIDIA training the workforce of the future; the availability of professional certifications for onsite attendees; and the timing and availability of the financial analyst Q&A are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo and CUDA are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/922e27de-6626-4818-9a6d-d3108f818e25.

    The MIL Network –

  • MIL-OSI: Docker Appoints Mark Cavage as President and Chief Operating Officer to Accelerate Next Phase of Growth

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., March 05, 2025 (GLOBE NEWSWIRE) — Docker, Inc.®, the company behind the leading development suite of products built specifically for cloud-native development, today announced the appointment of Mark Cavage as President and Chief Operating Officer (COO), effective immediately. Cavage, a proven technology executive with deep expertise in cloud infrastructure, developer experience, and enterprise-scale solutions, will play a key role in expanding Docker’s impact across modern application development, security, and cloud-native workflows.

    “Mark is an exceptional leader who brings a unique combination of technical depth and business acumen,” said Don Johnson, CEO of Docker. “His experience in building and scaling developer platforms and communities, coupled with his passion for driving execution, makes him the perfect addition to our leadership team. We’re thrilled to welcome him aboard as we continue to redefine how modern applications are developed and delivered.”

    With over 25 years in business, product development, and engineering, Cavage has played pivotal roles in shaping modern cloud and developer technologies. His career spans leadership positions at AWS, Joyent, Oracle, Salesforce (Heroku), Stripe, and Nuna. His experience in developer platforms, cloud-scale operations, and security-driven software delivery aligns seamlessly with Docker’s mission.

    At Oracle, Cavage co-founded Oracle Cloud Infrastructure (OCI) alongside Don Johnson, building it from the ground up into a hyperscale cloud platform supporting mission-critical applications and AI workloads. He also led Oracle’s application development and container strategy, making Oracle the first enterprise ISV to containerize its flagship databases and applications, and creating a renaissance for Java. At Salesforce, he spearheaded engineering for Heroku, and at Stripe, he was instrumental in launching the Stripe App Marketplace and leading its Financial Services division. Most recently, as CTO of Nuna, he drove innovation in healthcare via technology focused on patient engagement and outcomes.

    “Developer experience has always been a passion of mine, and Docker is among the few companies that truly defines a paradigm shift in how modern software is built and delivered,” said Cavage. “Docker’s platform is deeply loved by developers and thus fundamentally positioned to solve some of the hardest challenges in software development today—whether it’s making AI model deployment seamless, securing the software supply chain, or optimizing development workflows. The opportunities for Docker are massive, and I couldn’t be more excited to help drive the next phase of growth.”

    Cavage emphasized that Docker’s unparalleled mindshare in the developer community presents an extraordinary opportunity to scale its impact. “Nearly every developer interacts with Docker in some form, and Docker has an unparalleled ecosystem for containers – no matter where I look, a Dockerfile and Docker run is the default answer. The next step is to take what developers already know and trust and make it even easier to build, secure, and deploy modern, AI and cloud native applications.”

    Cavage joins Docker at a pivotal moment as the company expands beyond containers, building a future where modern application development is faster, more secure, and more efficient. With deep experience in cloud infrastructure, developer platforms, and enterprise solutions, he will play a key role in shaping Docker’s next chapter. His leadership will help Docker further improve developer experience, solve increasingly complex challenges, and expand its role across the software development lifecycle bringing greater automation, security, and scalability to modern software teams. As Docker strengthens its cloud-native capabilities, enhances AI-driven development, and deepens its investment in security and production-ready solutions, Cavage’s expertise will help drive execution, ensuring developers can focus on what they do best: building great software.

    About Docker
    Docker drives modern software development by making it easy to adopt container technology to radically boost productivity, security, testing, and collaboration at every step of the developer experience. Embraced by over 20 million developers worldwide, Docker’s unmatched flexibility and choice make it the preferred tool for developers seeking efficiency and innovation for creating modern applications. Learn more about Docker at www.docker.com.

    The MIL Network –

  • MIL-OSI: Varonis Announces Varonis for Agentforce to Enable Safe AI Rollouts

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 05, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) today announced Varonis for Agentforce. The launch expands Varonis’ security offering by giving IT and security teams critical visibility into the agentic AI layer.

    Agentforce is the agentic layer of the Salesforce platform for deploying autonomous AI agents across any business function. Agentforce includes a set of tools to create and customize agents, as well as a library of pre-built skills for any use case across sales, service, marketing and commerce, MuleSoft, Tableau, Slack, partners and more.

    Organizations use Agentforce to build and deploy AI agents that connect to enterprise data and automate a wide range of business processes at scale. With Varonis for Agentforce, organizations can get a single pane of glass for all AI agents, including what they were built for and what actions they can perform. Teams can monitor connections to enterprise data sources to identify potential security risks.

    Varonis for Agentforce builds on Varonis’ Salesforce security solutions, which allow companies to understand their risk, automatically fix exposures, and stop attacks on their CRM. By securing critical data and resources, Varonis gives IT and security teams a clear, real-time view of agents and activities in one place.

    “Agentic AI will revolutionize routine work but introduces new security challenges that can expose sensitive data,” said Varonis EVP of Engineering and Chief Technology Officer David Bass. “Security starts with understanding the AI agents you have, knowing what data your AI robots can access, and monitoring changes over time for risk. With the launch of Varonis for Agentforce, we’re continuing to expand our holistic security approach for Salesforce — and across SaaS and IaaS — with one unified Data Security Platform.”

    Organizations can request a complimentary Varonis Data Risk Assessment to evaluate their Salesforce security posture.

    Varonis for Agentforce is available on Salesforce’s AppExchange.

    Additional Resources

    Salesforce, Agentforce and others are among the trademarks of Salesforce, Inc.

    About Varonis
    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com 
    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ALLIANCE PHARMA PLC – 04 03 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ALLIANCE PHARMA PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 04 MARCH 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 12,149,074 2.2475    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 12,149,074 2.2475    

    NOTE: A transfer in of 544 shares was made by a discretionary client on 27/02/2025.

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 7,691 62p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 05 MARCH 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 04 03 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 04 MARCH 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 8,985,999 1.1339    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 8,985,999 1.1339    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 5,421 99.3p
    0.375p ORDINARY SALE 3,785 99.35p
    0.375p ORDINARY SALE 2,800 99.351p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 05 MARCH 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Video: What is the Army’s doing in March 2025? | Army Top 5 | U.S. Army

    Source: US Army (video statements)

    America’s #USArmy is very busy — here are five things to know for March. Join us each month for an update on key things happening in America’s Army.

    by Army Multimedia and Visual Information Division

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil

    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military

    https://www.youtube.com/watch?v=0ZodepbFgfs

    MIL OSI Video –

  • MIL-OSI Economics: Apple introduces the new MacBook Air with the M4 chip and a sky blue color

    Source: Apple

    Headline: Apple introduces the new MacBook Air with the M4 chip and a sky blue color

    March 5, 2025

    PRESS RELEASE

    Apple introduces the new MacBook Air with the soaring performance of the M4 chip, a gorgeous new sky blue color, and a lower starting price of $999

    The world’s most popular laptop delivers more value than ever with greater performance, up to 18 hours of battery life, a 12MP Center Stage camera, and enhanced external display support — all in its strikingly thin and light design

    CUPERTINO, CALIFORNIA Apple today announced the new MacBook Air, featuring the blazing-fast performance of the M4 chip, up to 18 hours of battery life,1 a new 12MP Center Stage camera, and a lower starting price. It also offers support for up to two external displays in addition to the built-in display, 16GB of starting unified memory, and the incredible capabilities of macOS Sequoia with Apple Intelligence — all packed into its strikingly thin and light design that’s built to last. The new MacBook Air now comes in an all-new color — sky blue, a metallic light blue that joins midnight, starlight, and silver — giving MacBook Air its most beautiful array of colors ever. It also now starts at just $999 — $100 less than before — and $899 for education, making it an incredible value for students, business professionals, or anyone looking for a phenomenal combination of world-class performance, portability, design, and durability. With two sizes to choose from, the new 13- and 15-inch MacBook Air are available to pre-order today, with availability beginning Wednesday, March 12.

    “MacBook Air is by far the world’s most popular laptop, and today we’re giving everyone even more reasons to love it, including a big boost in performance with the M4 chip, a new Center Stage camera, and a beautiful new sky blue color,” said Greg Joswiak, Apple’s senior vice president of Worldwide Marketing. “Combined with its thin and light, fanless design, all-day battery life, and the incredible capabilities of macOS Sequoia with Apple Intelligence, MacBook Air is unlike any other laptop. And with a new lower starting price of $999, MacBook Air delivers more value to consumers than ever before, making this the perfect moment to upgrade or experience the Mac for the first time.”

    A Fresh New Hue: Hello, Sky Blue  

    Adding a new choice to the lineup of MacBook Air colors is the all-new sky blue. A beautiful, metallic light blue that creates a dynamic gradient when light reflects off of its surface, sky blue joins midnight, starlight, and silver to complete the brilliant array of color choices for MacBook Air. All color options, including sky blue, come with a color-matched MagSafe charge cable.

    M4: Performance to the Next Level 

    With M4 in MacBook Air, everything from daily activities like multitasking between apps to more demanding tasks like photo and video editing is faster and more fluid. The M4 chip features a powerful 10-core CPU, an up to 10-core GPU, and support for up to 32GB of unified memory, making the new MacBook Air up to 2x faster than the M1 model.1 When compared to the fastest Intel-based MacBook Air, the M4 model delivers up to 23x faster performance.1 With battery life on the new MacBook Air up to 18 hours, Intel-based upgraders will get up to six additional hours, so they can get more done on a single charge.1 The powerful Neural Engine in the M4 chip, which accelerates AI-based tasks, is also up to 3x faster than on MacBook Air with M1, significantly increasing speed in tasks like automatically enhancing photos and removing background noise from a video.

    MacBook Air with M4 delivers a new level of performance:

    • Spreadsheet calculation performance in Microsoft Excel is up to 4.7x faster than the fastest Intel-based MacBook Air, and up to 1.6x faster than the 13-inch MacBook Air with M1.1
    • Video editing in iMovie is up to 8x faster than the fastest Intel-based MacBook Air, and up to 2x faster than the 13-inch MacBook Air with M1.2
    • Photo editing in Adobe Photoshop is up to 3.6x faster than the fastest Intel-based MacBook Air, and up to 2x faster than the 13-inch MacBook Air with M1.1
    • Web browsing is up to 60 percent faster when compared to a PC laptop with an Intel Core Ultra 7 processor, and more demanding tasks get up to 2x faster performance.1

    Built for Apple Intelligence

    MacBook Air is built for Apple Intelligence, unlocking exciting new capabilities that make Mac even more helpful and powerful. Users can explore creative new ways to express themselves visually with Image Playground, create the perfect emoji with Genmoji, and make their writing even more dynamic with Writing Tools. With new Siri improvements, users can move fluidly between spoken and typed requests to accelerate tasks throughout their day, and Siri can answer thousands of questions about Mac features and settings, with step-by-step instructions for how to do something on Mac. With access to ChatGPT seamlessly integrated into Writing Tools and Siri, users can choose to access ChatGPT’s expertise so they can get things done faster and easier than ever before. Users can access ChatGPT for free without creating an account, and privacy protections are built in — their IP addresses are obscured and OpenAI won’t store requests. Users can choose whether to enable ChatGPT integration, and are in full control of when they use it and what information is shared with ChatGPT.

    Designed to protect users’ privacy at every step, Apple Intelligence uses on-device processing, meaning that many of the models that power it run entirely on device. For requests that require access to larger models, Private Cloud Compute extends the privacy and security of Mac into the cloud to unlock even more intelligence. When using Private Cloud Compute, users’ data is never stored or shared with Apple; it is used only to fulfill their request.

    Always Camera-Ready

    A new 12MP Center Stage camera with improved video quality keeps MacBook Air users looking their best, whether at home, school, or work. Center Stage automatically keeps users centered in the frame as they move around — great for connecting with friends and family over FaceTime or joining an important meeting. It also supports Desk View, which simultaneously displays the user and a top-down view of their desk, making video calls even more engaging for those who want to show off their latest DIY project or present a prototype at work.

    Enhanced Display Support 

    MacBook Air can easily power a multi-display setup to make viewing and interacting with content a breeze, for anyone from business professionals at the office multitasking across multiple windows, to students in a dorm room tackling a big project across several apps. For users who like to spread their work out, MacBook Air now supports up to two 6K external displays, in addition to its built-in Liquid Retina display.

    Everything Users Already Love

    More people choose MacBook Air over any other laptop. In addition to what’s new, MacBook Air with M4 includes all of the useful features and capabilities that have made it so popular, including:

    • Reliability and durability: The 13- and 15-inch MacBook Air feature a durable aluminum unibody enclosure that’s built to last, and are both less than half an inch thin, so users can work, play, or create from anywhere. The 13-inch model provides the ultimate in portability for users on the go, while the 15-inch model offers even more room to multitask.
    • Touch ID and Magic Keyboard: With the advanced security of Touch ID, users can easily and securely unlock their MacBook Air, make online purchases with Apple Pay, and download apps. The comfortable and quiet Magic Keyboard is backlit and comes with a full-height function row.
    • Gorgeous display: MacBook Air features a brilliant 13.6- or 15.3-inch Liquid Retina display with up to 500 nits of brightness, support for 1 billion colors, and up to 2x the resolution of comparable PC laptops. Content looks vivid with sharp detail, and text appears super crisp.
    • Versatile connectivity: MacBook Air with M4 features fast Wi-Fi 6E and Bluetooth 5.3. It also includes MagSafe charging and two Thunderbolt ports for connecting accessories like external storage and security keys, along with a 3.5mm headphone jack.
    • Mics and speakers: Users will sound their best with a three-mic array and enhanced voice clarity on audio and video calls. And with an immersive sound system that has support for Spatial Audio along with Dolby Atmos, users will enjoy a three-dimensional soundstage for music and movies.

    An Unrivaled Experience: macOS Sequoia

    macOS Sequoia completes the new MacBook Air experience with a host of exciting features, including iPhone Mirroring, allowing users to wirelessly interact with their iPhone, its apps, and notifications directly from their Mac.3 Safari, the world’s fastest browser,4 now surfaces relevant information on sites in Highlights; summarizes articles in the redesigned Reader; keeps videos front and center in a new Video Viewer; and lets users hide distracting items with Distraction Control. Gaming gets even more immersive with features like Personalized Spatial Audio and improvements to Game Mode, along with a breadth of exciting titles, including Civilization VII, Wuthering Waves, and more. Easier window tiling means users can stay organized with a window layout that works best for them. The all-new Passwords app gives convenient access to passwords, passkeys, and other credentials — all stored in one place. And users can apply new, beautiful built-in backgrounds for video calls, which include a variety of color gradients, or use their own photos.

    Next month, macOS Sequoia 15.4 will make it easier than ever to set up the new MacBook Air with iPhone. By simply bringing iPhone close to Mac, users can quickly and conveniently sign in to their Apple Account to get their files, photos, messages, passwords, and more on their new MacBook Air.5

    Better for the Environment

    MacBook Air is designed with the environment in mind. As part of Apple 2030, the company’s ambitious goal to be carbon neutral across its entire carbon footprint by the end of this decade, Apple is transitioning to renewable electricity for manufacturing, and investing in wind and solar projects around the world to address the electricity used to charge all Apple products, including MacBook Air. Today, all Apple facilities run on 100 percent renewable electricity — including the data centers that power Apple Intelligence.

    To achieve Apple 2030, the company is designing products with more recycled and renewable materials, which further drives down the carbon footprint. MacBook Air features over 55 percent recycled content overall, the most in any Apple product. This includes 100 percent recycled aluminum in the enclosure and 100 percent recycled rare earth elements in all magnets. The battery contains 100 percent recycled cobalt and — in a first for any Mac — over 95 percent recycled lithium. MacBook Air meets Apple’s high standards for energy efficiency, and is free of mercury, brominated flame retardants, and PVC. The packaging is entirely fiber-based, bringing Apple closer to its goal to remove plastic from all packaging by the end of 2025.6

    Pricing and Availability

    • Customers can pre-order the new MacBook Air with M4 starting today on apple.com/store and in the Apple Store app in 28 countries and regions, including the U.S. It will begin arriving to customers, and will be in Apple Store locations and Apple Authorized Resellers, starting Wednesday, March 12.
    • The 13-inch MacBook Air with M4 starts at $999 (U.S.) and $899 (U.S.) for education, and the 15‑inch MacBook Air with M4 starts at $1,199 (U.S.) and $1,099 (U.S.) for education. Both are available in sky blue, midnight, starlight, and silver.
    • Additional technical specifications, configure-to-order options, and accessories are available at apple.com/mac.
    • Apple Intelligence is available on all Mac models with M1 and later, in localized English for Australia, Canada, Ireland, New Zealand, South Africa, the UK, and the U.S. Additional languages — including French, German, Italian, Portuguese (Brazil), Spanish, Japanese, Korean, Chinese (simplified), English (Singapore), and English (India) — will be available in April, with more languages coming over the course of the year, including Vietnamese. Some features, applications, and services may not be available in all regions or all languages.
    • With Apple Trade In, customers can trade in their current computer and get credit toward a new Mac. Customers can visit apple.com/shop/trade-in to see what their device is worth.
    • AppleCare+ for Mac provides unparalleled service and support. This includes unlimited incidents of accidental damage, battery service coverage, and 24/7 support from the people who know Mac best.
    • Every customer who buys directly from Apple Retail gets access to Personal Setup. In these guided online sessions, a Specialist can walk them through setup, or focus on features that help them make the most of their new device. Customers can also learn more about getting started with their new device with a Today at Apple session at their nearest Apple Store.
    • Customers in the U.S. who shop at Apple using Apple Card can pay monthly at 0 percent APR when they choose to check out with Apple Card Monthly Installments, and they’ll get 3 percent Daily Cash back — all up front. More information — including details on eligibility, exclusions, and Apple Card terms — is available at apple.com/apple-card/monthly-installments.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Testing was conducted by Apple in January 2025. See apple.com/macbook-air for more information. Battery life varies by use and configuration. See apple.com/batteries for more information.
    2. Results are compared to previous-generation MacBook Air systems with Apple M1, 8-core CPU, 8-core GPU, 16GB of RAM, and 2TB SSD; and 1.2GHz quad-core Intel Core i7-based MacBook Air systems with Intel Iris Plus Graphics, 16GB of RAM, and 2TB SSD.
    3. Available on Mac computers with Apple silicon and Intel-based Mac computers with a T2 Security Chip. See requirements on apple.com/macos/macos-sequoia. Some iPhone features (for example, camera and microphone) are not compatible with iPhone Mirroring.
    4. Testing was conducted by Apple in August 2024. See apple.com/safari for more information.
    5. Available next month on macOS Sequoia 15.4 with iPhone and iPad running iOS 18.4, iPadOS 18.4, or a later version.
    6. Based on retail packaging as shipped by Apple. Breakdown of U.S. retail packaging by weight. Adhesives, inks, and coatings are excluded from our calculations of plastic content and packaging weight.

    Press Contacts

    Starlayne Meza

    Apple

    starlayne_meza@apple.com

    Lizette Viviana Du Pond

    Apple

    ldupond@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

  • MIL-OSI Economics: Apple unveils new Mac Studio, the most powerful Mac ever

    Source: Apple

    Headline: Apple unveils new Mac Studio, the most powerful Mac ever

    March 5, 2025

    PRESS RELEASE

    Apple unveils new Mac Studio, the most powerful Mac ever, featuring M4 Max and new M3 Ultra

    With Thunderbolt 5, up to 512GB of unified memory, and an up to 16TB SSD, all in a compact design, the ultimate pro desktop delivers even more performance

    CUPERTINO, CALIFORNIA Apple today announced the new Mac Studio, the most powerful Mac ever made, featuring M4 Max and the new M3 Ultra chip. The ultimate pro desktop delivers groundbreaking pro performance, extensive connectivity now with Thunderbolt 5, and new capabilities in its compact and quiet design that can live right on a desk. Mac Studio can tackle the most intense workloads with its powerful CPU, Apple’s advanced graphics architecture, higher unified memory capacity, ultrafast SSD storage, and a faster and more efficient Neural Engine. It provides a big boost in performance compared to the previous generation, and a massive leap for users coming from older Macs.

    Mac Studio is a powerhouse for AI, capable of running large language models (LLMs) with over 600 billion parameters entirely in memory, thanks to its advanced GPU and up to 512GB of unified memory with M3 Ultra — the most ever in a personal computer. It’s also built for Apple Intelligence, the personal intelligence system that transforms how users work, communicate, and express themselves, while protecting their privacy. The new Mac Studio is available to pre-order today, with availability beginning March 12.

    “The new Mac Studio is the most powerful Mac we’ve ever made,” said John Ternus, Apple’s senior vice president of Hardware Engineering. “A complete game-changer for pros around the world — powering both home and pro studios — Mac Studio sits in a class of its own, offering a staggering amount of performance in a compact, quiet design that fits beautifully on your desk. With this new Mac Studio, we’re delivering even more extreme performance with M4 Max and M3 Ultra, support for half a terabyte of unified memory, up to 16TB of superfast storage, and Thunderbolt 5 connectivity. Mac Studio truly is the ultimate pro desktop.”

    Mac Studio with M4 Max: A Performance Juggernaut

    The new Mac Studio with M4 Max is the perfect choice for video editors, colorists, developers, engineers, photographers, creative pros, and other users who need to blaze through intensive workflows. It delivers phenomenal single-threaded CPU performance with the world’s fastest CPU core, along with outstanding multithreaded CPU performance for complex workloads. Featuring an up to 16-core CPU, an up to 40-core GPU, over half a terabyte per second of unified memory bandwidth, and a Neural Engine that is over 3x faster than M1 Max, Mac Studio with M4 Max can run on-device AI models incredibly fast. Mac Studio with M4 Max is up to 3.5x faster than Mac Studio with M1 Max, and is up to 6.1x faster than the most powerful Intel-based 27-inch iMac.1

    The GPU in M4 Max also brings Apple’s advanced graphics architecture to Mac Studio for the first time, including dynamic caching, hardware-accelerated mesh shading, and a second-generation ray-tracing engine for more seamless content creation and gaming. Mac Studio with M4 Max starts at 36GB of unified memory, with support for up to 128GB, so users can do everything from sorting through thousands of images with speed and precision, to producing complex compositions with hundreds of tracks, plug-ins, and virtual instruments, all played in real time. And with the powerful Media Engine in M4 Max, which features two ProRes accelerators, Mac Studio performance is outstanding for videographers who can effortlessly work with multiple streams of 4K ProRes.

    Mac Studio with M4 Max enables:1

    • Up to 1.6x faster image processing in Adobe Photoshop when compared to Mac Studio with M1 Max, and up to 2.9x faster when compared to the 27-inch iMac with Core i9. 
    • Up to 2.1x faster build performance when compiling code in Xcode when compared to Mac Studio with M1 Max, and up to 3.1x faster when compared to the 27-inch iMac with Core i9. 
    • Up to 1.2x faster ProRes transcode performance in Compressor when compared to Mac Studio with M1 Max, and up to 2.8x faster when compared to the 27-inch iMac with Core i9. 
    • Up to 1.6x faster video processing performance in Topaz Video AI when compared to Mac Studio with M1 Max, and up to 5x faster when compared to the 27-inch iMac with Core i9.

    Mac Studio with M3 Ultra: The Pinnacle of Pro Performance

    Mac Studio with M3 Ultra pushes demanding workflows to a whole new level. It delivers nearly 2x faster performance than M4 Max in workloads that take advantage of high CPU and GPU core counts, and massive amounts of unified memory.2 Mac Studio with M3 Ultra is up to 2.6x faster than Mac Studio with M1 Ultra, and up to 6.4x faster than the 16-core Intel Xeon W-based Mac Pro.1 With the new M3 Ultra, Mac Studio features an up to 32-core CPU with 24 performance cores, 50 percent more than any previous Ultra chip and the most CPU cores ever in a Mac. It also offers an up to 80-core GPU, more than any Apple silicon chip; a powerful 32-core Neural Engine for on-device AI and machine learning (ML); and a high-bandwidth memory architecture that delivers over 800GB/s of unified memory bandwidth.

    Mac Studio with M3 Ultra starts with 96GB of unified memory, which can be configured up to 512GB — the most unified memory ever in a personal computer — and up to 16TB of ultrafast SSD storage, so content and data can be kept locally. That’s enough storage for over 12 hours of 8K ProRes video. The advanced graphics architecture brings Dynamic Caching, along with hardware-accelerated mesh shading and ray tracing, so graphics workflows like GPU-based renderers are up to 2.6x faster than Mac Studio with M1 Ultra.

    Mac Studio with M3 Ultra enables:1

    • Up to 16.9x faster token generation using an LLM with hundreds of billions of parameters in LM Studio when compared to Mac Studio with M1 Ultra, thanks to its massive amounts of unified memory.
    • Up to 2.6x faster scene rendering performance in Maxon Redshift when compared to Mac Studio with M1 Ultra, and up to 6.4x faster when compared to the 16-core Intel-based Mac Pro with Radeon Pro W5700X.
    • Up to 1.1x faster basecalling for DNA sequencing in Oxford Nanopore MinKNOW when compared to Mac Studio with M1 Ultra, and up to 21.1x faster when compared to the 16-core Intel-based Mac Pro with Radeon Pro W5700X. 
    • Up to 1.4x faster 8K video rendering performance in Final Cut Pro when compared to Mac Studio with M1 Ultra, and up to 4x faster when compared to the 16-core Intel-based Mac Pro with Radeon Pro W5700X.

    Thunderbolt 5 for High-Bandwidth Accessories and Expansion

    The new Mac Studio features Thunderbolt 5 ports that deliver transfer speeds up to 120 Gb/s, up to 3x faster than the prior generation, enabling faster external storage, expansion chassis, and powerful hub solutions. For those who rely on PCIe expansion cards for their workflows, Thunderbolt 5 allows users to connect an external expansion chassis with higher bandwidth and lower latency. And with M3 Ultra, Mac Studio now drives up to eight Pro Display XDRs at the full 6K resolution. Mac Studio also offers a wide array of connectivity within easy reach for pros, including a 10Gb Ethernet port, an HDMI port, an SDXC card slot on the front to conveniently import photos and video, along with built-in Wi-Fi and Bluetooth.

    Built for Apple Intelligence

    Mac Studio helps pros push the boundaries of what they can do, and Apple Intelligence elevates those experiences even further. Writing is even more dynamic with Writing Tools, which can help users rewrite, proofread, or summarize — whether they are responding to emails or using summarization to draft an abstract in seconds in apps like Scrivener. Pros can minimize unnecessary distractions with Priority Notifications and use live transcription in Notes to record and easily recap important meetings. With new Siri improvements, users can move fluidly between spoken and typed requests to accelerate tasks throughout their day, and Siri can answer thousands of questions about Mac features and settings, with step-by-step instructions like how to combine PDF files in Preview. With access to ChatGPT seamlessly integrated into Writing Tools and Siri, users can tap into ChatGPT’s expertise, so they can get things done even faster and easier. Users can choose to enable ChatGPT integration, and are in full control of when to use it and what information is shared with ChatGPT. Users can also explore creative new ways to express themselves visually with Image Playground, and drop their original image right into their paper, mood board, or Keynote presentation. Whether users are researching their next project, editing a video, creating new designs, or preparing for their next lecture, these new tools will help pros be even more productive.

    Designed to protect users’ privacy at every step, Apple Intelligence uses on-device processing, meaning that many of the models that power it run entirely on device. For requests that require access to larger models, Private Cloud Compute extends the privacy and security of Mac into the cloud to unlock even more intelligence. When using Private Cloud Compute, users’ data is never stored or shared with Apple; it is used only to fulfill their request.

    macOS Sequoia: An Unrivaled Experience

    macOS Sequoia completes the new Mac Studio experience with a host of exciting features, including iPhone Mirroring, which allows users to wirelessly interact with their iPhone, its apps, and notifications directly from their Mac.3 Pros can now move files, photos, and videos between iPhone and Mac as easily as they can drag and drop between apps on Mac. Easier window tiling means users can stay organized with a window layout that works best for them. The all-new Passwords app gives convenient access to passwords, passkeys, and other credentials, all stored in one place. And users can apply beautiful built-in backgrounds for video calls, which include a variety of color gradients and system wallpapers, or upload their own photos. Safari, the world’s fastest browser,4 now surfaces relevant information on sites in Highlights; summarizes articles in the redesigned Reader; keeps videos front and center in a new Video Viewer; and lets users hide distracting items with Distraction Control. Gaming gets even more immersive with features like Personalized Spatial Audio and improvements to Game Mode, along with a breadth of exciting titles, including Cyberpunk 2077: Ultimate Edition by CD PROJEKT RED, Assassin’s Creed Shadows, and more.

    Next month, macOS Sequoia 15.4 will make it easier than ever to set up the new Mac Studio with iPhone.5 By simply bringing iPhone close to Mac, users can quickly and conveniently sign in to their Apple Account to get their files, photos, messages, passwords, and more on their new Mac Studio.

    The Ultimate Studio Setup

    Mac Studio, together with Studio Display, empowers creative users to build the studio of their dreams. Studio Display perfectly pairs with Mac Studio with its expansive 27-inch 5K Retina display, 12MP Center Stage camera, studio-quality three-mic array, and six-speaker sound system with Spatial Audio. For users working on HDR workflows, Pro Display XDR offers a 32-inch Retina 6K display with up to 1600 nits of peak HDR brightness. Customers can also add matching Magic accessories — including Magic Keyboard with Touch ID, Magic Trackpad, and Magic Mouse — that beautifully complement the elegant design of Mac Studio and Studio Display.

    Better for the Environment

    The new Mac Studio is designed with the environment in mind. As part of Apple 2030, the company’s ambitious goal to be carbon neutral across its entire carbon footprint by the end of this decade, Apple is transitioning to renewable electricity for its manufacturing, and investing in wind and solar projects around the world to address the electricity used to power all Apple products, including Mac Studio. Today, all Apple facilities run on 100 percent renewable electricity — including the data centers that power Apple Intelligence.

    To achieve Apple 2030, the company is designing products with more recycled and renewable materials, which further drives down the carbon footprint. Mac Studio features over 30 percent recycled content overall, including 100 percent recycled aluminum in the enclosure and 100 percent recycled rare earth elements in all magnets. Mac Studio uses far less energy and materials than desktops in its class, and is free of mercury, brominated flame retardants, and PVC. The packaging is entirely fiber-based, bringing Apple closer to its goal to remove plastic from all packaging by the end of 2025.6

    Pricing and Availability

    • Customers can pre-order the new Mac Studio starting today on apple.com/store and in the Apple Store app in 28 countries and regions, including the U.S. It will begin arriving to customers, and will be in Apple Store locations and Apple Authorized Resellers, starting Wednesday, March 12.
    • Mac Studio starts at $1,999 (U.S.) and $1,799 (U.S.) for education. Additional configure-to-order options are available at apple.com/store. 
    • More information on Studio Display, Pro Display XDR, and Magic accessories is available at apple.com/shop/buy-mac.
    • Apple Intelligence is available on all Mac models with M1 and later, in localized English for Australia, Canada, Ireland, New Zealand, South Africa, the UK, and the U.S. Additional languages — including French, German, Italian, Portuguese (Brazil), Spanish, Japanese, Korean, Chinese (simplified), English (Singapore), and English (India) — will be available in April, with more languages coming over the course of the year, including Vietnamese. Some features, applications, and services may not be available in all regions or all languages. 
    • With Apple Trade In, customers can trade in their current computer and get credit toward a new Mac. Customers can visit apple.com/shop/trade-in to see what their device is worth. 
    • AppleCare+ for Mac provides unparalleled service and support. This includes unlimited incidents of accidental damage, battery service coverage, and 24/7 support from the people who know Mac best. 
    • Every customer who buys directly from Apple Retail gets access to Personal Setup. In these guided online sessions, a Specialist can walk them through setup, or focus on features that help them make the most of their new device. Customers can also learn more about getting started with their new device with a Today at Apple session at their nearest Apple Store.
    • Customers in the U.S. who shop at Apple using Apple Card can pay monthly at 0 percent APR when they choose to check out with Apple Card Monthly Installments, and they’ll get 3 percent Daily Cash back — all up front. More information — including details on eligibility, exclusions, and Apple Card terms — is available at apple.com/apple-card/monthly-installments.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Testing was conducted by Apple in January and February 2025. See apple.com/mac-studio for more information.
    2. Results are compared to Mac Studio systems with Apple M4 Max, 16-core CPU, 40-core GPU, 128GB of RAM, and 8TB SSD.
    3. Available on Mac computers with Apple silicon and Intel-based Mac computers with a T2 Security Chip. See requirements on apple.com/macos/macos-sequoia. Some iPhone features (for example, camera and microphone) are not compatible with iPhone Mirroring.
    4. Testing was conducted by Apple in August 2024. See apple.com/safari for more information.
    5. Available next month on macOS Sequoia 15.4 with iPhone and iPad running iOS 18.4, iPadOS 18.4, or a later version.
    6. Based on retail packaging as shipped by Apple. Breakdown of U.S. retail packaging by weight. Adhesives, inks, and coatings are excluded from calculations of plastic content and packaging weight.

    Press Contacts

    Michelle Del Rio

    Apple

    mr_delrio@apple.com

    Starlayne Meza

    Apple

    starlayne_meza@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –