NewzIntel.com

Category: Business

  • MIL-OSI Russia: Financial news: Results of monitoring maximum interest rates of credit institutions (07/15/2025)

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    1 When determining the maximum interest rate for each credit institution:

    — maximum rates on deposits available to any client (including potential ones) without restrictions and preconditions are taken into account. Deposits for selected categories of clients (pensioners, children) and purposes (for social and humanitarian purposes, etc.) are not considered;

    — rates with capitalization of interest on the deposit are not taken into account;

    — rates that apply under certain conditions (regular turnover on a bank card, constant minimum balance on a bank card, etc.) are not taken into account;

    — combined deposit products, i.e. deposits with additional conditions, are not considered. Such additional conditions for calculating an increased interest rate may be, for example, the purchase of investment units for a certain amount, opening an investment account, registration of an investment or savings life insurance program, connection of an additional service package, etc.;

    — deposits whose term is divided into periods with different rates are not considered.

    The average maximum interest rate indicator is calculated as the arithmetic mean of the maximum interest rates of 10 credit institutions.

    2 PJSC Sberbank (1481) – www.sberbank.ru, VTB Bank (PJSC) (1000) – www.vtb.ru, GPB Bank (JSC) (354) – www.gazprombank.ru, JSC Alfa-Bank (1326) – alfabank.ru, JSC Rosselkhozbank (3349) – www.rshb.ru, JSC “Bank Dom.RF” (2312) – domrfbank.ru, PJSC “Moscow Credit Bank” (1978) – mkb.ru, JSC “TBank” (2673) – www.tbank.ru, PJSC “Promsvyazbank” (3251) – psbank.ru, PJSC “Sovcombank” (963) – sovcombank.ru. The monitoring was conducted by the Department of Banking Regulation and Analytics of the Bank of Russia using information provided on the specified websites. The published indicator is indicative.

    3 Average maximum interest rates on deposits: for a term of up to 90 days – 17.22%; for a term of 91 to 180 days – 17.39%; for a term of 181 days to 1 year – 16.93%; for a term of over 1 year – 15.08%.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Portman Ridge Finance Corporation Closes Merger with Logan Ridge Finance Corporation

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (NASDAQ: PTMN) (“Portman Ridge” or “PTMN”) today announced the closing of the previously announced merger of Logan Ridge Finance Corporation (NASDAQ: LRFC) (“Logan Ridge” or “LRFC”) with and into PTMN, with PTMN remaining as the surviving company. Based on July 11, 2025 financial data, the combined company had total assets in excess of $600 million.

    Ted Goldthorpe, President and Chief Executive Officer of PTMN and Head of the BC Partners Credit Platform, stated, “We would like to thank the shareholders and independent directors of both companies for their strong support throughout the merger process. With the merger now complete, we look forward to rebranding PTMN as BCP Investment Corporation later this summer, which will better reflect our affiliation with the broader BC Partners Credit Platform.

    Looking forward, we are excited about the opportunities ahead. We will seek to leverage the combined company’s enhanced scale, further diversified portfolio, cost savings due to lower overall operating expenses, and improved stock trading liquidity to deliver compelling risk-adjusted returns for our shareholders.”

    In connection with the closing of the merger, LRFC shareholders are entitled to receive approximately 4.0 million shares of PTMN common stock in the aggregate, or 1.5 shares of PTMN common stock for each common share of LRFC, based on the applicable exchange ratio and payment of cash in lieu of fractional shares.

    Prior to the closing of the merger, LRFC’s investment adviser announced a cash payment of $0.47 per share to LRFC shareholders of record as of May 6, 2025, which is expected to be paid to the applicable legacy LRFC shareholders on or about July 25, 2025. Additionally, on July 14, 2025, LRFC’s Board of Directors declared a tax distribution of $0.38 per share to LRFC shareholders of record as of July 14, 2025, which is expected to be paid to the applicable legacy LRFC shareholders on or about July 22, 2025.

    Additional Merger Related Initiatives

    • In the coming weeks: Portman Ridge will rebrand and begin operating under the name BCP Investment Corporation (the “Company” or “BCIC”). In connection with the rebranding, the Company will continue to trade on the Nasdaq under the new ticker symbol “BCIC”.
    • Beginning in 2026: The Company will transition to paying its currently quarterly base distribution on a monthly basis, while retaining the potential for quarterly supplemental distributions. The quarterly supplemental distributions will continue to approximate 50% of the incremental net investment income earned in excess of the base monthly distributions.
    • Over the next 24 months: To further align the Company’s interests with shareholders and drive additional value creation, the Company, along with its management, its adviser and their affiliates intend to purchase up to 20% of the Company’s outstanding common stock to the extent the Company’s shares continue to trade below 80% of net asset value (“NAV”), which implies a share price of $15.08 based on Portman Ridge’s March 31, 2025 NAV per share, or approximately a 20% premium to PTMN’s June 26, 2025 closing market price. These purchases will begin no earlier than 60 calendar days following the date of the closing of the LRFC merger and may occur through various methods, including open market purchases and privately negotiated transactions, and may be conducted pursuant to Rule 10b5-1 and Rule 10b-18 trading plans. In this regard and as previously announced, PTMN’s Board of Directors has authorized an open market stock repurchase program of up to $10 million for the period from March 12, 2025, to March 31, 2026. The Company, its management and its adviser also reserve the right to conduct tender offers as part of the Company’s broader value creation initiatives.

    Transaction Advisors

    Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor to the Special Committee of PTMN in connection with the transaction. Stradley Ronon Stevens & Young, LLP acted as the legal counsel to the Special Committee of PTMN.

    Houlihan Lokey served as financial advisor to the Special Committee of LRFC in connection with the transaction. Skadden, Arps, Slate, Meagher & Flom LLP acted as the legal counsel to the Special Committee of LRFC.

    Simpson Thacher & Bartlett LLP and Dechert LLP served as legal counsel to PTMN and LRFC with respect to the transaction.

    About Portman Ridge Finance Corporation

    PTMN is a publicly traded, externally managed closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. PTMN’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. PTMN’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors L.P. (“BC Partners”).

    PTMN’s filings with the Securities and Exchange Commission (“SEC”), earnings releases, press releases and other financial, operational and governance information are available on Portman Ridge’s website at www.portmanridge.com.

    About BC Partners Advisors L.P. and BC Partners Credit

    BC Partners is a leading international investment firm in private equity, private credit and real estate strategies. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades.

    Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in North America and Europe. For more information, please visit https://www.bcpartners.com/.

    BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners.

    Cautionary Statement Regarding Forward-Looking Statements

    Some of the statements in this communication constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to future operating results and distribution projections of the Company; business prospects of the Company, and the prospects of its portfolio companies; and the impact of the investments that the Company expects to make. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this communication involve risks and uncertainties. More information on the risks and other potential factors that could affect these forward-looking statements is included in the Registration Statement (Registration No. 333-285230) filed with the SEC (the “Registration Statement)” that contains a joint proxy statement and prospectus for PTMN and LRFC (the “Joint Proxy Statement”).

    Although the Company undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that the Company in the future may file with the SEC, including the Registration Statement and Joint Proxy Statement, annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

    Contacts:
    Portman Ridge Finance Corporation
    650 Madison Avenue, 3rd floor
    New York, NY 10022

    Brandon Satoren
    Chief Financial Officer
    Brandon.Satoren@bcpartners.com
    (212) 891-2880

    The Equity Group Inc.
    Lena Cati
    lcati@equityny.com
    (212) 836-9611

    Val Ferraro
    vferraro@equityny.com
    (212) 836-9633

    The MIL Network –

  • MIL-OSI: PBK Miner opens a new era of XRP mining: Increase your daily stable income with the cryptocurrency XRP

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, July 15, 2025 (GLOBE NEWSWIRE) — PBK Miner, a leader in renewable energy cloud mining, has announced the launch of new mining contracts that allow users to start mining Bitcoin with Ripple (XRP) and other cryptocurrencies. 

    There was a huge surge in the prices of XRP due to the extreme involvement of whales, as the whales held more than 1 million XRP the price rose to $2.75. PBK Miner a revolutionizing mining platform that operates on renewable energy has announced a new mining contract for XRP, that will allow users to mine the Bitcoin by using XRP and many other cryptocurrencies. The easy, convenient and renewable energy based crypto mining of PBK allows its users to earn up to $6,998 every day without any complex knowledge and system. 

    For More Details visit the official website of PBK Miner and download the app to start mining.

    Future of Cloud Mining with renewable energy:
    Renewable energy resources like Solar and wind are used as energy source for mining farms, that reduce the cost of mining significantly. PBK Miner not only utilizes the renewable energy for mining but also feeds the surplus energy to the national grid, making the greener future possible.

    New Cloud Mining Contracts, Higher ROI, Zero Hassle: 
    The newly created mining contracts for XRP are suitable for everyone, weather a person who is new or an experienced person. There are a variety of contracts available from where you can choose according to what suits you best. The minimum contract price is $10.

    Its outstanding features include:
    •Get $10 instant bonus immediately after signing up. (One-click sign up).
    •Daily payouts with higher returns.
    •No additional service fees or management fees.
    •Supports multiple cryptocurrencies including BTC, ETH, XRP, USDT, etc.
    •Affiliate program referral bonusses up to $30,000.
    •Guaranteed 100% uptime and 24×7 customer service support.

    How to get started
    1. Register: Create an account on the PBK Miner platform in a few minutes.
    2. Choose a mining contract: Choose between different investment plans based on your budget and income goals.
    3. Start mining and earn money every day: From the second day on, your income will grow as your passive income is consumed.

    Exclusive access to XRP mining opportunities
    The latest update to PBK Miner introduces a mining model based on Ripple (XRP), allowing users to mine Bitcoin directly using XRP. This opens up a new avenue for XRP holders looking to diversify their income streams and maximize returns.

    Join the Passive Income Revolution
    With over 8.5 million users and more than 100 mining farms worldwide, PBK Miner continues to lead the cloud mining industry with cutting-edge technology and sustainable energy practices. The platform’s latest product provides an easy way to accumulate cryptocurrency wealth, allowing everyone to participate in mining.

    In Conclusion:
    PBK Miner is a company engaged in technical services and abides by local laws and regulations. PBK Miner provides a simple and profitable cloud mining method. PBK Miner’s platform allows you to easily maximize your profits.

    Start increasing your income with PBK Miner’s hassle-free cloud mining solution.
    For more details, please visit PBK Miner official website:

    https://pbkminer.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrencies and securities.

    Media Contact:
    Alison Evans
    PBK Miner
    info@pbkminer.com

    The MIL Network –

  • MIL-OSI Russia: Alexander Novak held a meeting on the implementation of the national project “Efficient and Competitive Economy”

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Alexander Novak held a meeting on the implementation of the national project “Efficient and Competitive Economy”.

    It was attended by representatives of federal and regional authorities, the Federal Assembly, the Bank of Russia, public business associations, the state corporation VEB.RF and the Moscow Exchange.

    Representatives of the Ministry of Finance and the Ministry of Economic Development reported on the current status of the implementation of the federal projects “Development of the financial market” and “Increasing investment activity”, respectively, which are part of the national project.

    The Ministry of Finance is conducting an information campaign to raise awareness among citizens about the possibilities of investing in long-term instruments. This will increase the number of users of long-term savings programs with state support.

    The agency also continues to work to reduce administrative barriers to attract foreign investors willing to invest in the Russian economy.

    The President set a goal to increase the volume of investment in fixed assets by 60% by 2030 compared to 2020 parameters, as well as to improve the investment climate. A representative of the Ministry of Economic Development reported that dozens of projects in the field of private-public partnership and in the field of technological sovereignty are already being implemented with the support of the state and the active participation of businesses. 40 major investment projects are being implemented within the framework of the project financing factory. The process of concluding new agreements on the promotion and protection of capital continues, investors are actively using the federal tax deduction.

    The Deputy Prime Minister instructed the Ministry of Economic Development and the Ministry of Finance, together with industry business associations and investment banks, to continue working to achieve the key indicators of the national project “Efficient and Competitive Economy” and the federal projects included in it in a timely manner.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Freehold Royalties Declares Dividend for July 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 15, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on August 15, 2025 to shareholders of record on July 31, 2025.

    These dividends are designated as “eligible dividends” for Canadian income tax purposes.

    Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.2 million gross drilling acres in the United States. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

    The MIL Network –

  • MIL-OSI: Graphjet Technology Provides Update on Current Events

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, July 15, 2025 (GLOBE NEWSWIRE) — Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, has today filed its Form 10-K filing.

    During the current year, the Company has seen changes to its shareholders whereby the new controlling shareholder, Mr. Aiden, Lee has made numerous contributions to the Company, including providing funds to fund the transformation of the Company. With the funds received from Mr. Aiden Lee, the Company was able to complete its audit for the fiscal year September 30, 2024, albeit later than anticipated due to unforeseen circumstances.

    The Company has made plans to address the current non-compliances with the Nasdaq listing requirements. The Company has and will continue to engage an experienced accounting services firm, to advise the Company and ensure speedy completion of the Form 10Qs for the December 31, 2024 and March 31, 2025. The completion of the Form 10Qs will allow the Company to take necessary measures to raise funds to further expand the capacity and capabilities of the Company.

    A hearing before the Nasdaq Hearings Panel from The Nasdaq Stock Market LLC has been scheduled for July 17, 2025, during which the Company will appeal the delisting determination due to the non-compliances with the Nasdaq listing requirements. However, there can be no assurance that the Company will get a favorable outcome.

    The Company will also be holding a shareholders’ meeting on July 30, 2025 for a reverse split exercise. The Company is confident to secure the shareholders’ approval for the reverse split exercise, which is aimed at ensuring that we meet the minimum price bids.

    With the minimum price bids met and Form 10Qs filed, the Company will be able to attract new investors which will allow our Company to move towards compliance with the minimum market value of listed securities (MVLS). The Company is currently in discussion with a few parties who has indicated their interest in funding the Company.

    “We are confident that our plan to be address the non-compliances with the Nasdaq listing requirements can be implemented. In addition, the Company will make the necessary announcement when the efforts made for the Company’s transformation bears fruit” said Chris Lai, the CEO of the Company.

    About Graphjet Technology Sdn. Bhd.
    Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet’s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.

    Cautionary Statement Regarding Forward-Looking Statements
    The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet’s industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet’s ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.

    Graphjet Technology Contacts

    Investors
    ceo.office@graphjettech.com

    Media
    ceo.office@graphjettech.com

    The MIL Network –

  • MIL-OSI: Capital Southwest Announces Preliminary Estimate of First Quarter 2026 Operating Results and Earnings Release and Conference Call Schedule

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, July 15, 2025 (GLOBE NEWSWIRE) — Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, is pleased to announce its preliminary operating results for the first quarter of its 2026 fiscal year (quarter ended June 30, 2025) and its first quarter 2026 earnings release and conference call schedule.

    Capital Southwest’s preliminary estimate of its first quarter 2026 pre-tax net investment income is in the range of $0.60 to $0.61 per share. The preliminary estimate of Capital Southwest’s net investment income for the same period is in the range of $0.58 to $0.59 per share.

    Additionally, Capital Southwest’s preliminary estimate of its net asset value per share as of June 30, 2025 is in the range of $16.55 to $16.65. Capital Southwest’s preliminary estimate of its non-accruals as a percentage of the total investment portfolio at cost and fair value is 2.6% and 0.8%, respectively.

    Capital Southwest will release its finalized first quarter 2026 results on Wednesday, August 6, 2025 after the market closes. In conjunction with the release, Capital Southwest has scheduled a live webcast on Thursday, August 7, 2025 at 1:00 p.m., Eastern Time. Investors may participate in the webcast.(1)

    By Webcast:
    Connect to the webcast using the Investor Relations section of Capital Southwest’s website at www.capitalsouthwest.com, or by going to the following website: https://edge.media-server.com/mmc/p/z383xthy. Please log in at least 10 minutes in advance to register and download any necessary software. A replay of the webcast will be available on Capital Southwest’s website shortly after the call.

    Live Call Participation:
    Participants who want to join the call and ask a question must register using the following URL: https://register-conf.media-server.com/register/BI5d3ffcafd99c4efbb0d0d03439433727. Once registered, participants will receive the dial-in numbers and a unique PIN number. When participants dial in, they will input their PIN and be placed into the call. Registration is still possible even after the event has started.

    About Capital Southwest

    Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $1.8 billion in investments at fair value as of March 31, 2025. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.

    Forward-Looking Statements
    This press release contains forward-looking statements and provides historical information with respect to the business and investments of Capital Southwest, including, but not limited to, the preliminary estimates of its first quarter 2026 fiscal year financial information and results, which are based on current information available to Capital Southwest as of the date hereof. The preliminary estimates of the first quarter 2026 fiscal year financial information and estimated results furnished above are based on Capital Southwest management’s preliminary determinations and current expectations, and such information is inherently uncertain. The preliminary estimates may not align with Capital Southwest’s actual results of operations for the period, which will not be known until Capital Southwest completes its customary quarter-end closing and review procedures, including the determination of the fair value of Capital Southwest’s portfolio investments. As a result, actual results could differ materially from the current preliminary estimates based on adjustments made during Capital Southwest’s quarter-end closing and review procedures, and Capital Southwest’s reported information in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 may differ from this information, and any such differences may be material. In addition, the information furnished above does not include all of the information regarding Capital Southwest’s financial condition and results of operations for the quarter ended June 30, 2025 that may be important to readers. As a result, readers are cautioned not to place undue reliance on the information furnished in this press release and should view this information in the context of Capital Southwest’s full first quarter 2026 results when such results are disclosed by Capital Southwest in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. The information furnished in this press release is based on current expectations of Capital Southwest’s management that involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such information.

    Forward-looking statements are statements that are not historical statements and can often be identified by words such as “will,” “believe,” “expect” and similar expressions and variations or negatives of these words. These statements are based on management’s current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to: changes in the markets in which Capital Southwest invests; changes in the financial, capital, and lending markets; changes in the interest rate environment and its impact on Capital Southwest’s business and its portfolio companies; regulatory changes; tax treatment; Capital Southwest’s ability to operate each of its wholly owned subsidiaries, Capital Southwest SBIC I, LP and Capital Southwest SBIC II, LP, as a small business investment company; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and our financial condition; an economic downturn or recession and its impact on the ability of Capital Southwest’s portfolio companies to operate and the investment opportunities available to it; the impact of supply chain constraints on Capital Southwest’s portfolio companies; and the elevated levels of inflation and its impact on Capital Southwest’s portfolio companies and the industries in which it invests.

    Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest’s Annual Report on Form 10-K for the year ended March 31, 2025 and any subsequent filings, including the “Risk Factors” sections therein, with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

    Investor Relations Contact:
    Michael S. Sarner, President and Chief Executive Officer
    214-884-3829

    (1) No information contained on our website or disclosed on the August 7, 2025 conference call, including the webcast, is incorporated by reference into this press release or any of our filings with the SEC, and you should not consider that information to be part of this press release or any other such filing.

    The MIL Network –

  • MIL-OSI USA: New Warren Report Exposes Potential Trump Corruption, Bribery Through Presidential Library Donations

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    July 15, 2025

    Warren analysis reveals at least half a billion dollars in monetary contributions, gifts, in-kind donations flowing into Trump Presidential Library

    Donations come while Trump makes critical decisions that may impact donors; raises serious concerns about bribery, influence-peddling

    Report (PDF) 

    Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.) released a new report exposing how companies, special interests, and foreign governments may be pledging donations to President Trump’s future Presidential Library as a corrupt tool to secure favorable outcomes from his administration. 

    “Donald Trump may be using his presidential library as a tool for corruption and bribery while still in office. We could be seeing giant companies like Paramount and Meta and foreign countries like Qatar pay Trump off in plain sight,” said Senator Warren. “Government should work for the American people, not just whichever giant company or foreign government can dump the most money into the president’s future library.”

    Senator Warren’s new analysis reveals that companies seeking favorable outcomes from the Trump administration have pledged to funnel at least $63 million into Trump’s future presidential library. Other gifts and in-kind donations — including a $400 million luxury jet from Qatar, expensive candlelight dinners at Mar-a-Lago, leftover inauguration donations, and more — bring the total value of gifts flowing into Trump’s library to at least half a billion dollars. 

    Presidential Libraries are used to honor a president’s legacy and allow scholars and the public to learn about their time in office. This new report details how giant corporations, special interests, and at least one foreign government are promising donations to President Trump’s future library while his administration makes decisions on mega-mergers, the preservation of a U.S. military base in Qatar, Big Tech regulation, and more. 

    Just weeks ago, Paramount settled President Trump’s lawsuit against CBS’s 60 Minutes for $16 million, with the money funneling straight into Trump’s library. Paramount is currently vying for approval by the Trump administration of its proposed megamerger with Skydance.

    In December 2024, ABC News settled a defamation lawsuit with Donald Trump by agreeing to pay $15 million toward his Presidential Library.

    Past presidents have also accepted suspicious donations while in office — such as the Clinton Foundation accepting a $450,000 donation from a woman pushing for a presidential pardon for her ex-husband, which President Clinton later granted, or a Bush Administration advisor soliciting Presidential Library donations in exchange for arranging meetings with top administration officials.

    “But Trump is doing so at a magnitude that makes glaringly clear the need for common-sense guardrails around donations,” said Senator Warren’s report. 

    Unlike donations to presidential campaigns or inaugural committees, there are almost no restrictions on donations to Presidential Libraries. Even while in office, presidents can solicit unlimited, undisclosed donations from anyone — including foreign nationals, lobbyists, federal contractors, individuals seeking presidential pardons, and corporations with business before federal agencies.

    MIL OSI USA News –

  • MIL-OSI USA: Warren, Wyden, Baldwin Tell Social Security: Stop Lying to Stroke Trump’s Ego

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    July 15, 2025

    Senate Democrats Call on SSA Commissioner Bisignano to Retract False Claims About Social Security Taxes That Could Confuse, Hurt Seniors

    “Rather than focusing on improving customer service, you are using your position as Commissioner to stroke Donald Trump’s ego and peddle lies on his behalf.”

    Text of Letter (PDF)

    Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, and Tammy Baldwin (D-Wisc.) led eight Senate Democrats in demanding that the Social Security Administration (SSA) stop peddling lies about the Republican budget bill using the agency’s email platform, which reaches tens of millions of Americans. 

    “We are appalled that the agency distributed misleading and blatantly inaccurate information regarding tax changes affecting older Americans, transforming the agency into a partisan megaphone for Donald Trump while sowing confusion and distrust in Social Security among Americans,” wrote the senators.

    On July 3, SSA issued a press release and sent a mass email to all “mySocial Security” account users falsely announcing that the Republican budget bill would cut taxes on Social Security benefits for 90% of beneficiaries — in addition to providing older Americans with a tax deduction. But the Republican bill does not amend, reduce, or eliminate federal taxes on Social Security benefits. While the bill provides a temporary deduction for some older Americans, fewer than half of Americans will benefit from this deduction — very much shy of the 90% of Americans that SSA claims. The bill also does not include any provisions to change the tax filing requirements for Social Security recipients. 

    Days later, the SSA quietly updated its press release to correct the false claim, but it did not send a follow-up email to the millions of users who received the initial email.

    Commissioner Bisignano’s lies on behalf of Trump could mislead millions of American seniors who depend on Social Security benefits. The initial email may leave recipients expecting both a deduction and a tax break and could result in millions of Americans’ falsely believing they don’t have to file taxes on Social Security. Inaccurate information could lead to Americans making benefit claims against their best interests or even missing payments on taxes they owe.

    Commissioner Bisignano has abandoned his promise to the Finance Committee and to the American people that, under his leadership, SSA would not become a partisan agency subject to the whims of Trump. 

    “We urge you to retract SSA’s July 3 statement and issue a correction — on SSA’s website and via email for ‘my Social Security’ account users — clarifying the federal tax treatment of Social Security benefits,” concluded the senators. 

    Other senators signing on to the letter include Democratic Leader Chuck Schumer (D-N.Y.), Peter Welch (D-Vt.), Kirsten Gillibrand (D-N.Y.), Sheldon Whitehouse (D-R.I.), Bernie Sanders (I-Vt.), Ben Ray Luján (D-N.M.), Tina Smith (D-Minn.), and Catherine Cortez Masto (D-Nev.).

    Senate Democrats’ Social Security War Room is a coordinated effort to fight back against the Trump administration’s attack on Americans’ Social Security. The War Room coordinates messaging across the Senate Democratic Caucus and external stakeholders; encourages grassroots engagement by providing opportunities for Americans to share what Social Security means to them; and educates Senate staff, the American public, and stakeholders about Republicans’ agenda and their continued cuts to Americans’ Social Security services and benefits.

    MIL OSI USA News –

  • MIL-OSI USA: N.C. Aquarium on Roanoke Island to Celebrate Shark and Ray Awareness Day July 14

    Source: US State of North Carolina

    Headline: N.C. Aquarium on Roanoke Island to Celebrate Shark and Ray Awareness Day July 14

    N.C. Aquarium on Roanoke Island to Celebrate Shark and Ray Awareness Day July 14
    jejohnson6

    As film lovers enjoy the 50th anniversary of Jaws, Steven Spielberg’s 1975 film about a frightful shark, the N.C. Aquarium on Roanoke Island is celebrating Shark and Ray Awareness Day to inspire appreciation and conservation of these important ocean species. The Aquarium is part of the N.C. Department of Natural and Cultural Resources.

    On Monday, July 14 the public is invited to join the Aquarium for special event activities to learn about sharks and rays and how to protect them. On this special day, visitors can become “Ocean Wanderers” and “Fin-fluencers” by participating in fun knowledge quest scavenger hunts throughout the Aquarium. Together with Aquarium educators, visitors can learn about shark migration and conservation, sharks that travel across the world, and sharks that call North Carolina home. Visitors who follow riddles to complete fact-finding scavenger hunts will receive a prize. Guests can play a Spot-A-Shark game and are encouraged to photograph a shark and share positive messages about sharks on social media. Shark and Ray Awareness Day activities are included with regular Aquarium admission.

    Hannah Catherman, education curator at the Aquarium said, “Educating the public about the importance of sharks and rays within the marine ecosystem is an integral part of our conservation messaging.  We are excited to bring the world of sharks and rays to the community and inspire future generations of ocean stewards!”

    In addition to special knowledge quests and crafts, the Aquarium will be offering regularly scheduled shark and ray-themed programming, including behind-the-scenes experiences at the Aquarium’s 285,000-gallon Graveyard of the Atlantic shark habitat, Shipwreck Stories, shark and stingray feedings, and sensory-friendly experiences with stingrays at the popular touch pools in the Sea Senses gallery. A daily calendar of events is available on the Aquarium website. Founded in 1976, the Aquarium is celebrating its 50th anniversary in 2026.

    Shark and Ray Awareness Day
    Monday, July 14, 2025
    10 a.m. – 2 p.m.
    N.C. Aquarium on Roanoke Island

    About the North Carolina Aquarium on Roanoke Island

    Located on the Outer Banks in Manteo, N.C., the N.C. Aquarium on Roanoke Island is part of N.C. Aquariums, which includes four attractions along North Carolina’s coast and is a division of the N.C. Department of Natural and Cultural Resources. The 63,000 square-foot facility on 16 acres overlooks the Croatan Sound and houses over 2,200 animals. Over 319,000 guests visit the Aquarium each year to see the 285,000-gallon “Graveyard of the Atlantic” shark and ocean habitat, visit the Sea Turtle Assistance and Rehabilitation (S.T.A.R.) Center, and learn why North Carolina’s waterways are so special. As an educational attraction, the mission of N.C. Aquariums is to inspire appreciation and conservation of our aquatic environments. The Aquarium is open from 9 a.m. to 5 p.m. every day except Thanksgiving and Christmas. For more information, visit www.ncaquariums.com/roanoke-island

    About the North Carolina Department of Natural and Cultural Resources
    The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.

    The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the North Carolina Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.
    Jul 14, 2025

    MIL OSI USA News –

  • MIL-OSI Banking: 🇮🇱 Zion Oil & Gas Update: July 15, 2025

    Source: Zion Oil and Gas

    Headline: Zion Oil & Gas Update: July 15, 2025

    July 15, 2025

    Dear Zion Shareholders and Supporters,

    On June 10 we completed flowback operations at our Megiddo Jezreel #1 well in Israel and have since temporarily shut it in and demobilized our crew. We did this, and the last of our out-of-country crew left, just hours before the 12-day war with Iran began.

    Over the past several weeks we have been analyzing the initial gas composition data. These results confirm that our targeted perforation and stimulation were successful: Gas reached the surface and showed characteristics consistent with a productive reservoir.

    At this point we are considering two ways of moving forward. The first is to sidetrack the well laterally using our rig. The second is to deploy coil tubing. Both approaches are being evaluated in terms of technical feasibility and overall cost. We expect to begin equipment procurement and scheduling by the end of July.

    I ask for your continued patience and prayers for both our operations and the people of Israel. Our team remains confident in our progress and focused on the vision ahead.

    For a fuller understanding where we are operationally, I invite you to listen to a full 20minute audio conversation with our COO, Monty Kness, and VP of Investor Relations and Marketing, Andrew Summey – CLICK HERE.

    Thank you for your support for Israel and Zion. We continue to ask for your prayers since we know they make a difference for Israel and our work.

    Warm regards,
    Rob Dunn
    CEO
    Zion Oil & Gas, Inc.

    The LORD bless you out of Zion, And may you see the good of Jerusalem All the days of your life.”
    Psalm 128:5

    MIL OSI Global Banks –

  • MIL-OSI: Pennsylvania Data Center Partners and PowerHouse Data Centers Launch Joint Venture to Build Next-Gen 1.35 GW Hyperscale Data Center Campus in Carlisle, Pennsylvania

    Source: GlobeNewswire (MIL-OSI)

    PITTSBURGH, July 15, 2025 (GLOBE NEWSWIRE) — Pennsylvania Data Center Partners, a leader in data center development within the Commonwealth, together with PowerHouse Data Centers, the fifth largest data center developer in the United States, announced plans for their first joint venture: a $15 billion project with three hyperscale data center campuses in Central Pennsylvania. The new AI data hub, Pennsylvania Digital I (PAX) will deliver 1.35 GW of capacity with expandability up to 1.8 GW, comprising scale and speed for AI data center development.

    The project was announced today before President Donald Trump and distinguished global leaders in energy and artificial intelligence, international investors, representatives from labor and trades, as well as Pennsylvania officials at the inaugural Pennsylvania Energy and Innovation Summit hosted by Senator Dave McCormick (R-PA) at Carnegie Mellon University.

    The master plan for PAX includes the construction of three data center campuses with each campus featuring six buildings and a dedicated 450 MW substation. PAX will have access to 17 metropolitan fiber networks, including direct peering with Ashburn, Virginia.

    “This venture between Pennsylvania Data Center Partners and PowerHouse Data Centers is groundbreaking for AI infrastructure,” said Senator Dave McCormick. “It’s a bold and meaningful investment that puts Pennsylvania at the heart of America’s emerging AI tech economy.”

    The project is anticipated to deliver significant economic benefits for the local community, including generating more than $65 million in direct tax revenue with allocations of $45 + million to the Cumberland Valley School District, $10 + million to Middlesex Township, and $10 + million to Cumberland County. Furthermore, the development is expected to create high-skilled employment positions spanning areas such as construction, project management, engineering, and electrical work.

    “This landmark deal with PowerHouse represents a pivotal step for our expansion across Pennsylvania—a state uniquely positioned for data center development thanks to our state and local leaders willing to tap its abundant natural power resources. We’re proud to help lead the charge in building the infrastructure that will define the next era of AI and technological innovation,” said Pennsylvania Data Center Partners CEO Igal J. Feibush.

    “Pennsylvania is important as a growing AI data center market for the Nation and our Pennsylvania Digital I (PAX) project is in the very heart of the state with its access to not only Ashburn, but all of the most important markets in the Eastern United States,” said Doug Fleit, CEO and Co-founder of PowerHouse Data Centers. “This campus is built for speed, engineered for growth, and located where the next wave of infrastructure will take shape for our customers.”

    As part of this transformative project, PPL Electric Utilities will connect the campuses to their transmission system, ensuring the reliable delivery of power to the data center campuses and the surrounding community.

    “PPL Electric Utilities’ investments in its transmission system position us to support economic growth and reliably serve all customers. We’re ready to serve new customers when they’re ready to interconnect,” said Christine Martin, president of PPL Electric Utilities. “Our commitment to innovation and grid reliability aligns seamlessly with the vision for this project and the emergence of Central Pennsylvania as a technology hub. We’re excited to be part of Pennsylvania Data Center Partners and PowerHouse Data Centers’ investment in the state and look forward to the positive effects it can have for our customers and the local economy.”

    The new data center campus is generating significant interest among hyperscalers.

    Pennsylvania Data Center Partners and PowerHouse Data Centers are committed to building lasting relationships with the local community. Both organizations are actively engaging with area nonprofits, investing in STEM education, and providing resources to support charitable initiatives across the region. “Our shared vision goes beyond infrastructure—it’s about strengthening the fabric of the communities where we operate,” added Feibush.

    Project Highlights:

    • Footprint: Approximately 700-acre site with three campuses with 450 MW each.
    • Utility Capacity: 1.35 GW with scalable growth up to 1.8 GW.
    • Near-Term Power Delivery: 300 MW by 2Q 2027.
    • Tax Incentives: Pennsylvania’s data center tax exemption provides 100% abatement of sales and use taxes on equipment and electricity for up to 15 years.
    • Robust Fiber Infrastructure: Direct peering to Ashburn, VA and connectivity to 17 metro fiber providers.
    • Strategic Location: Carlisle is in the heart of the Northeast’s emerging AI corridor, with the scale, power and location hyperscale clients are demanding.
    • Aesthetic Design: PowerHouse Data Centers is a leader in thoughtful and aesthetic architectural for data center development.

    Further project updates will be shared as development progresses.

    About Pennsylvania Data Center Partners
    Pennsylvania Data Center Partners is a developer and owner of hyperscale data centers throughout the Commonwealth of Pennsylvania. Through our land acquisition, power, procurement and speed-to-market development process, we build next generation hyperscale data center campuses that meet the demand for massive computing resources which train and deploy complex generative AI models. Our ready-to-scale, strategically located sites ensure hyperscalers, investors and communities all benefit from the ensuing world-class digital infrastructure. For more information, visit PADataCenters.com.

    About PowerHouse Data Centers
    PowerHouse Data Centers, wholly owned and operated by American Real Estate Partners (AREP), is a pioneering developer and owner of next-generation data centers, providing sophisticated real estate solutions for hyperscalers that meet their market, data, utility, and space demands. PowerHouse is an established leader in world-class data center development, with 86 data centers underway or in planning, representing over 24 million square feet and 6 GW in seven major Tier I and Tier II markets. PowerHouse’s full suite of development services integrates asset strategy, fast-track approvals, infrastructure, on-site power procurement, and sustainable building practices into every project. Visit our newsroom for more information, and follow us on LinkedIn, YouTube, and X.

    Media Contacts:

    Pennsylvania Data Center Partners
    Tisha Kresler
    Pennsylvania Data Center Partners
    tisha@padatacenters.com
    917-270-0079

    PowerHouse Data Centers
    Jaymie Scotto & Associates (JSA)
    jsa_arep@jsa.net
    +1 866.695.3629 ext. 11

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed166acf-7b8f-4df7-a407-582b31d094fd

    The MIL Network –

  • MIL-OSI: Monolithic Power Systems to Report Second Quarter 2025 Results on July 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    KIRKLAND, Wash., July 15, 2025 (GLOBE NEWSWIRE) — Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the second quarter ended June 30, 2025.

    MPS will report its results after the market closes on Thursday, July 31st. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the second quarter ended June 30, 2025.

    MPS will host a question-and-answer conference call at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/98147401910. The Zoom webcast can also be accessed live over the phone by dialing (669) 444-9171; the webcast ID is 98147401910.

    A replay of the event will be available for one year under the Investor Relations website at www.monolithicpower.com two hours after the live event has concluded.

    About Monolithic Power Systems, Inc.
    Monolithic Power Systems, Inc. (“MPS”) is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

    ###

    Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.

    Contact:
    Bernie Blegen
    Executive Vice President and Chief Financial Officer
    Monolithic Power Systems, Inc.
    408-826-0777
    MPSInvestor.Relations@monolithicpower.com

    The MIL Network –

  • MIL-OSI: Monolithic Power Systems to Report Second Quarter 2025 Results on July 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    KIRKLAND, Wash., July 15, 2025 (GLOBE NEWSWIRE) — Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the second quarter ended June 30, 2025.

    MPS will report its results after the market closes on Thursday, July 31st. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the second quarter ended June 30, 2025.

    MPS will host a question-and-answer conference call at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/98147401910. The Zoom webcast can also be accessed live over the phone by dialing (669) 444-9171; the webcast ID is 98147401910.

    A replay of the event will be available for one year under the Investor Relations website at www.monolithicpower.com two hours after the live event has concluded.

    About Monolithic Power Systems, Inc.
    Monolithic Power Systems, Inc. (“MPS”) is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

    ###

    Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.

    Contact:
    Bernie Blegen
    Executive Vice President and Chief Financial Officer
    Monolithic Power Systems, Inc.
    408-826-0777
    MPSInvestor.Relations@monolithicpower.com

    The MIL Network –

  • MIL-OSI: Cipher Mining Announces Date of Second Quarter 2025 Business Update Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced it will provide a business update and release its second quarter 2025 financial results before U.S. markets open on Thursday, August 7th, 2025. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time.

    The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

    About Cipher
    Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.

    Contacts:
    Investor Contact:
    Courtney Knight
    Head of Investor Relations at Cipher Mining
    Courtney.knight@ciphermining.com

    Media Contact:
    Ryan Dicovitsky / Kendal Till
    Dukas Linden Public Relations
    CipherMining@DLPR.com

    The MIL Network –

  • MIL-OSI: PubMatic to Announce Second Quarter 2025 Financial Results on August 11, 2025

    Source: GlobeNewswire (MIL-OSI)

    NO-HEADQUARTERS/REDWOOD CITY, Calif., July 15, 2025 (GLOBE NEWSWIRE) — PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today announced that it will release its financial results for the second quarter ended June 30, 2025 after market close on Monday, August 11, 2025. On that day, PubMatic will host a webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the company’s financial results. 

    Webcast Details 

    • What: PubMatic’s Second Quarter 2025 Earnings Webcast 
    • When: Monday, August 11, 2025, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) 
    • Webcast: A live and archived webcast can be accessed from the News & Events section of PubMatic’s Investor Relations website: https://investors.pubmatic.com 

    About PubMatic 

    PubMatic is an independent technology company maximizing customer value by delivering digital advertising’s supply chain of the future. PubMatic’s sell-side platform empowers the world’s leading digital content creators across the open internet to control access to their inventory and increase monetization by enabling marketers to drive return on investment and reach addressable audiences across ad formats and devices. Since 2006, PubMatic’s infrastructure-driven approach has allowed for the efficient processing and utilization of data in real time. By delivering scalable and flexible programmatic innovation, PubMatic improves outcomes for its customers while championing a vibrant and transparent digital advertising supply chain. 

    The MIL Network –

  • MIL-OSI: Orrstown Financial Services, Inc. Announces Date of Second Quarter 2025 Earnings Release, Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) — Orrstown Financial Services, Inc. (NASDAQ: ORRF), the holding company of Orrstown Bank, announced today that it will report second quarter 2025 earnings at the close of business on Tuesday, July 22, 2025. Management will host a conference call and webcast to review the Company’s quarterly results on Wednesday, July 23, 2025, at 9:00 am ET. The conference call and webcast details are below:

    Earnings Release: Tuesday, July 22, 2025, After Market Close

    Conference Call and Webcast: Wednesday, July 23, 2025, 9:00 am ET

    Webcast:

    Interested parties may listen to the call and view a copy of the Company’s earnings presentation by joining via webcast at:

    https://events.q4inc.com/attendee/935555390

    Telephone:

    To listen to the call without access to the slides, interested parties may participate by telephone by dialing:

    USA / International Toll: +1 (646) 307-1963
    USA – Toll-Free: (800) 715-9871
    Canada – Toronto: (647) 932-3411
    Canada – Toll-Free: (800) 715-9871
    Conference ID: 5555102 

    Recorded Playback:

    An audio recording of the conference call will be available by telephone until July 30, 2025 by dialing one of the numbers listed below:

    US & Canada Toll-Free: (800) 770-2030
    US Toll: (609) 800-9909
    Canada Toll: (647) 362-9199
    Playback ID: 5555102#

    The audio recording of the conference call will also be available in the Investor Relations section of the Company’s website at investors.orrstown.com.

    About Orrstown

    With $5.4 billion in assets, Orrstown Financial Services, Inc. (the “Company”) and its wholly owned subsidiary, Orrstown Bank, provide a wide range of consumer and business financial services in Adams, Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York Counties, Pennsylvania and Anne Arundel, Baltimore, Howard, and Washington Counties, Maryland, as well as Baltimore City, Maryland. The Company’s lending area also includes counties in Pennsylvania, Maryland, Delaware, Virginia and West Virginia within a 75-mile radius of the Company’s executive and administrative offices as well as the District of Columbia. Orrstown Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the FDIC. Orrstown Financial Services, Inc.’s common stock is traded on the NASDAQ Global Select Market under the symbol “ORRF.”   For more information about Orrstown Financial Services, Inc. and Orrstown Bank, visit www.orrstown.com.

    For additional information, please contact:

    Neil Kalani
    EVP, Chief Financial Officer
    717-510-7097
    nkalani@orrstown.com

    The MIL Network –

  • MIL-OSI USA: Former U.S. Soldier Pleads Guilty to Hacking and Extortion Scheme Involving Telecommunications Companies

    Source: US State of California

    A former Army soldier, who was most recently stationed in Texas, pleaded guilty today to conspiring to hack into telecommunications companies’ databases, access sensitive records, and extort the telecommunications companies by threatening to release the stolen data unless ransoms were paid.

    According to court documents, between April 2023 and Dec. 18, 2024, Cameron John Wagenius, 21, used online accounts associated with the nickname “kiberphant0m” and conspired with others to defraud at least 10 victim organizations by obtaining login credentials for the organizations’ protected computer networks. The conspirators obtained these credentials using a hacking tool that they called SSH Brute, among other means. They used Telegram group chats to transfer stolen credentials and discuss gaining unauthorized access to victim companies’ networks. This activity happened while Wagenius was on active duty with the U.S. Army.

    After data was stolen, the conspirators extorted the victim organizations both privately and in public forums. The extortion attempts included threats to post the stolen data on cybercrime forums such as BreachForums and XSS.is. The conspirators offered to sell stolen data for thousands of dollars via posts on these forums. They successfully sold at least some of this stolen data and also used stolen data to perpetuate other frauds, including SIM-swapping. In total, Wagenius and his co-conspirators attempted to extort at least $1 million from victim data owners.

    Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division, Acting U.S. Attorney Teal Luthy Miller for the Western District of Washington, Special Agent in Charge W. Mike Herrington of the FBI Seattle Field Office, and Special Agent in Charge Kenneth DeChellis of the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Cyber Field Office made the announcement.

    Wagenius pleaded guilty to conspiracy to commit wire fraud, extortion in relation to computer fraud, and aggravated identity theft. He is scheduled to be sentenced on Oct. 6 and faces a maximum penalty of 20 years in prison for conspiracy to commit wire fraud, a maximum penalty of five years in prison for extortion in relation to computer fraud, and a mandatory two-year sentence consecutive to any other prison time for aggravated identity theft. Wagenius previously pleaded guilty in a separate case to two counts of unlawful transfer of confidential phone records information in connection with this conspiracy. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI and DCIS are investigating the case. The U.S. Army’s Criminal Investigative Division, the U.S. Attorney’s Office for the Western District of Washington, and the National Security Cyber Section provided valuable assistance. Flashpoint and Unit 221B also provided assistance.

    Senior Counsel Louisa Becker and Trial Attorney George Brown of the Justice Department’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney Sok Tea Jiang for the Western District of Washington are prosecuting the case.

    MIL OSI USA News –

  • MIL-OSI USA: Former U.S. Soldier Pleads Guilty to Hacking and Extortion Scheme Involving Telecommunications Companies

    Source: US State of California

    A former Army soldier, who was most recently stationed in Texas, pleaded guilty today to conspiring to hack into telecommunications companies’ databases, access sensitive records, and extort the telecommunications companies by threatening to release the stolen data unless ransoms were paid.

    According to court documents, between April 2023 and Dec. 18, 2024, Cameron John Wagenius, 21, used online accounts associated with the nickname “kiberphant0m” and conspired with others to defraud at least 10 victim organizations by obtaining login credentials for the organizations’ protected computer networks. The conspirators obtained these credentials using a hacking tool that they called SSH Brute, among other means. They used Telegram group chats to transfer stolen credentials and discuss gaining unauthorized access to victim companies’ networks. This activity happened while Wagenius was on active duty with the U.S. Army.

    After data was stolen, the conspirators extorted the victim organizations both privately and in public forums. The extortion attempts included threats to post the stolen data on cybercrime forums such as BreachForums and XSS.is. The conspirators offered to sell stolen data for thousands of dollars via posts on these forums. They successfully sold at least some of this stolen data and also used stolen data to perpetuate other frauds, including SIM-swapping. In total, Wagenius and his co-conspirators attempted to extort at least $1 million from victim data owners.

    Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division, Acting U.S. Attorney Teal Luthy Miller for the Western District of Washington, Special Agent in Charge W. Mike Herrington of the FBI Seattle Field Office, and Special Agent in Charge Kenneth DeChellis of the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Cyber Field Office made the announcement.

    Wagenius pleaded guilty to conspiracy to commit wire fraud, extortion in relation to computer fraud, and aggravated identity theft. He is scheduled to be sentenced on Oct. 6 and faces a maximum penalty of 20 years in prison for conspiracy to commit wire fraud, a maximum penalty of five years in prison for extortion in relation to computer fraud, and a mandatory two-year sentence consecutive to any other prison time for aggravated identity theft. Wagenius previously pleaded guilty in a separate case to two counts of unlawful transfer of confidential phone records information in connection with this conspiracy. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI and DCIS are investigating the case. The U.S. Army’s Criminal Investigative Division, the U.S. Attorney’s Office for the Western District of Washington, and the National Security Cyber Section provided valuable assistance. Flashpoint and Unit 221B also provided assistance.

    Senior Counsel Louisa Becker and Trial Attorney George Brown of the Justice Department’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney Sok Tea Jiang for the Western District of Washington are prosecuting the case.

    MIL OSI USA News –

  • MIL-OSI USA: Former U.S. Soldier Pleads Guilty to Hacking and Extortion Scheme Involving Telecommunications Companies

    Source: US State of California

    A former Army soldier, who was most recently stationed in Texas, pleaded guilty today to conspiring to hack into telecommunications companies’ databases, access sensitive records, and extort the telecommunications companies by threatening to release the stolen data unless ransoms were paid.

    According to court documents, between April 2023 and Dec. 18, 2024, Cameron John Wagenius, 21, used online accounts associated with the nickname “kiberphant0m” and conspired with others to defraud at least 10 victim organizations by obtaining login credentials for the organizations’ protected computer networks. The conspirators obtained these credentials using a hacking tool that they called SSH Brute, among other means. They used Telegram group chats to transfer stolen credentials and discuss gaining unauthorized access to victim companies’ networks. This activity happened while Wagenius was on active duty with the U.S. Army.

    After data was stolen, the conspirators extorted the victim organizations both privately and in public forums. The extortion attempts included threats to post the stolen data on cybercrime forums such as BreachForums and XSS.is. The conspirators offered to sell stolen data for thousands of dollars via posts on these forums. They successfully sold at least some of this stolen data and also used stolen data to perpetuate other frauds, including SIM-swapping. In total, Wagenius and his co-conspirators attempted to extort at least $1 million from victim data owners.

    Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division, Acting U.S. Attorney Teal Luthy Miller for the Western District of Washington, Special Agent in Charge W. Mike Herrington of the FBI Seattle Field Office, and Special Agent in Charge Kenneth DeChellis of the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Cyber Field Office made the announcement.

    Wagenius pleaded guilty to conspiracy to commit wire fraud, extortion in relation to computer fraud, and aggravated identity theft. He is scheduled to be sentenced on Oct. 6 and faces a maximum penalty of 20 years in prison for conspiracy to commit wire fraud, a maximum penalty of five years in prison for extortion in relation to computer fraud, and a mandatory two-year sentence consecutive to any other prison time for aggravated identity theft. Wagenius previously pleaded guilty in a separate case to two counts of unlawful transfer of confidential phone records information in connection with this conspiracy. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI and DCIS are investigating the case. The U.S. Army’s Criminal Investigative Division, the U.S. Attorney’s Office for the Western District of Washington, and the National Security Cyber Section provided valuable assistance. Flashpoint and Unit 221B also provided assistance.

    Senior Counsel Louisa Becker and Trial Attorney George Brown of the Justice Department’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney Sok Tea Jiang for the Western District of Washington are prosecuting the case.

    MIL OSI USA News –

  • MIL-OSI Africa: Japan-Mauritius Foreign Ministers’ Meeting

    Source: APO


    .

    On July 15, commencing at 2:00 p.m. for approximately 35 minutes, Mr. IWAYA Takeshi, Minister for Foreign Affairs, held a meeting with Hon. Dhananjay Ramful, Minister of Foreign Affairs, Regional Integration and International Trade, Republic of Mauritius.

    1. At the outset, Minister Iwaya stated that Mauritius, located at a strategic point in the Indian Ocean connecting Asia and Africa, is an important partner in promoting a “Free and Open Indo-Pacific (FOIP)” based on the rule of law and that he would like to further strengthen cooperation between the two countries, taking advantage of the upcoming TICAD9 next month.
    2. In response, Minister Ramful expressed his gratitude for Japan’s cooperation in various fields. He also referred to the good relations between the two countries and expressed his hope for further strengthening of the bilateral relations, particularly in the economic field.
    3. The two ministers concurred to advance initiatives such as maritime security with a view to achieving peace and stability in the Indo-Pacific region, also in view of the promotion of a “Free and Open Indo-Pacific” (FOIP). They also reaffirmed that they will work together in order to increase investment from Japanese companies to Mauritius, which serves as a gateway for investment in Africa.
    4. The two ministers also exchanged views on issues, including regional situation in East Asia such as their policies toward North Korea including on the nuclear and missile issues as well as the abductions issue, United Nations Security Council reform, and other issues and concurred to further strengthening cooperation in regional and international arena. Minister Ramful expressed his support for Japan’s efforts toward immediate resolution of the abduction issue.

    Distributed by APO Group on behalf of Ministry of Foreign Affairs of Japan.

    MIL OSI Africa –

  • MIL-OSI Security: Former U.S. Soldier Pleads Guilty to Hacking and Extortion Scheme involving Telecommunications Companies

    Source: Office of United States Attorneys

    Seattle –A former Army soldier, who was most recently stationed in Texas, pleaded guilty today to conspiring to hack into telecommunications companies’ databases, access sensitive records, and extort the telecommunications companies by threatening to release the stolen data unless ransoms were paid.

    According to court documents, between April 2023 and Dec. 18, 2024, Cameron John Wagenius, 19, used online accounts associated with the nickname “kiberphant0m” and conspired with others to defraud at least ten victim organizations by obtaining login credentials for the organizations’ protected computer networks. The conspirators obtained these credentials using a hacking tool that they called SSH Brute, among other means. They used Telegram group chats to transfer stolen credentials and discuss gaining unauthorized access to victim companies’ networks. This activity happened while Wagenius was on active duty with the U.S. Army.

    After data was stolen, the conspirators extorted the victim organizations both privately and in public forums. The extortion attempts included threats to post the stolen data on cybercrime forums such as BreachForums and XSS.is. The conspirators offered to sell stolen data for thousands of dollars via posts on these forums. They successfully sold at least some of this stolen data and also used stolen data to perpetuate other frauds, including SIM-swapping. In total, Wagenius and his co-conspirators attempted to extort at least $1 million from victim data owners.

    Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division, Acting U.S. Attorney Teal Luthy Miller for the Western District of Washington, Special Agent in Charge W. Mike Herrington of the FBI Seattle Field Office, and Special Agent in Charge Kenneth DeChellis of the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Cyber Field Office made the announcement.

    Wagenius pleaded guilty to conspiracy to commit wire fraud, extortion in relation to computer fraud, and aggravated identity theft. He is scheduled to be sentenced on October 6, 2025, and faces a maximum penalty of 20 years in prison for conspiracy to commit wire fraud, a maximum of five years in prison for extortion in relation to computer fraud, and a mandatory two-year sentence consecutive to any other prison time for aggravated identity theft. Wagenius previously pleaded guilty in a separate case to two counts of unlawful transfer of confidential phone records information in connection with this conspiracy. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The Federal Bureau of Investigation and the Defense Criminal Investigative Service are investigating the case. The U.S. Army’s Criminal Investigative Division, the U.S. Attorney’s Office for the Western District of Washington, and the National Security Cyber Section provided valuable assistance. Flashpoint and Unit 221B also provided assistance.

    Assistant U.S. Attorney Sok Tea Jiang of the Western District of Washington and Senior Counsel Louisa Becker and Trial Attorney George Brown of the Justice Department’s Computer Crime and Intellectual Property Section are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI United Nations: Whole-of-Government, Whole-of-Society Approach Critical to Addressing Gender Equality, Executive Director Tells High-level Political Forum

    Source: United Nations General Assembly and Security Council

    Nearly a decade since the adoption of the 2030 Agenda, Sustainable Development Goal (SDG) 5 dedicated to achieving gender equality and empowerment of women and girls “remains the most off-track”, speakers told a United Nations high-level political forum today, calling for reinforced measures to accelerate progress against a tide of backsliding rights and opportunities.

    The first of two daily panels addressed “SDG 5 and interlinkages with other SDGs — Achieve gender equality and empower all women and girls”, with Sima Sami Bahous, Executive Director of the United Nations Entity for Gender Equality and the Empowerment of Women (UN-Women), warning that at the current pace, true gender equality in economic life, leadership and safety will remain generations away.  “That is unacceptable,” she stressed.

    With the growing erosion of rights, she called for a “push forward against the pushback” with investment in women and youth-led organizations and tackling misogyny head-on, be it online or off. Further, societies must invest in robust gender data systems that track real impact, ensure follow-up and address intersecting inequalities.  “What gets measured, gets done,” she stated.

    Offering concrete proposals, she urged stakeholders to work with Governments to advance nationally-owned development priorities.  A whole-of-Government, whole-of-society approach is needed, as gender equality cannot be the remit of one ministry or one actor.  Investment in care systems is critical, as unpaid care limits women’s full participation in economic and public life.  Further, the UN80 initiative — a unique opportunity to make the UN more effective, efficient and impactful for women and girls — can help propel gender equality forward, ensuring enhanced regional and cross-regional coordination and increasing efficiency.

    “A girl born today would see gender equality achieved in her ninety-seventh year” warned Albert Motivans, Head of Data and Insights at Equal Measures 2030 — a coalition of civil society organizations.  The backslide is being driven by numerous factors including a resource crunch, with less international financing, domestic austerity measures and declining household incomes.  He further highlighted a “democracy crunch”, as gender equality is closely linked with democracy, while its foundations worldwide are at risk due to rising economic inequality, social and political polarization, and the closing of civic space. Additionally, the “safety and security crunch” of rising conflict and militarization impacts women and girls in their choices and their personal safety.

    He called for elevating women’s and girls’ leadership, power and voices — noting the progress in parliamentary participation at 27 per cent.  Further, it is important to reform and adopt equality laws and policies to engage Governments and the wider public, and close gender-sensitive data gaps, with increased investment in public services and social infrastructure, including care.

    Further, “there is unequal access to education for women all over the world”, said Zara Khanna, Youth Ambassador for She Loves Tech, citing artificial intelligence (AI)-powered learning programmes as a “key tool to aid us in bridging the divide”.  They can approach students on an individual level, offering personalized feedback, which is especially important for those who face cultural and other barriers to gaining an education.  She spotlighted Khan Academy — a free AI-powered personalized tutor that offers a range of subjects, from English to math, or Rori, which was piloted in Ghana and is available on all mobile devices, as it operates via WhatsApp.  This is especially important, given that mobile penetration is extremely high; while 129 million girls lack access to education, 4.9 billion people worldwide have access to smartphones.

    Outlining solutions, she underscored the need to accelerate connectivity by distributing more Internet hotspots.  One single hotspot can power a village, and hundreds of girls can gain access to the wealth of knowledge available online. Additionally, more devices, such as smartphones and tablets, shall be distributed, so girls can access this knowledge.  She underscored that Governments must invest in creating culture and language-specific AI-powered programmes to cater to the job markets that these girls will be entering. Through early science, technology, engineering and mathematics (STEM) intervention, mentorship programmes and more gender-neutral language, “we can all move together to reach SDG 5 by 2030” and “a more gender-neutral future”.

    Echoing those comments, Ms. Bahous cited the launch of the Beijing+30 Action Agenda, focused on six critical areas:  digital inclusion, freedom from poverty, zero violence, leadership, peace and security, and climate justice.  Cutting across these areas is engagement with young women and youth.  “These are not distant goals,” she stated.  “They are urgent demands from women and girls around the world”.

    Mr. Motivans also emphasized the importance of reinforcing the use of national and global gender data like those in the Equal Measures SDG Gender Index.  “But it’s not just to measure, it’s not just to count”, he said, noting the importance of evaluating not only the status of women and girls, but their impact on societies.  Data can identify blocks to progress and gaps in various Goals, unpaid care and reproductive rights.

    Recalling progress in countries implementing anti-discrimination laws, he noted that “Governments do that well” — but the next step requires ensuring that “equal opportunities for women and men” are met, as this is where countries may fall short.  He called for mobilizing a society-wide range of partners, developing value propositions to engage those working on the ground with expert knowledge of the issues faced by women and girls.

    […]

    MIL OSI United Nations News –

  • MIL-OSI Africa: United Nations Economic Commission for Africa (ECA) and Republic of Congo explore e-commerce solutions to strengthen agricultural value chains and combat hunger

    Source: APO


    .

    Achieving the African Union’s goal of ending hunger by 2025 and the global target of Zero Hunger by 2030 remains a significant challenge for the continent.

    In the Republic of Congo, despite continued government efforts to enhance domestic food production and distribution, only 4% of arable land is currently being cultivated. Food access remains constrained by inadequate infrastructure and stark imbalances between supply and demand, leaving an estimated 455,000 people in food and nutrition insecurity.

    To address these challenges, the United Nations Economic Commission for Africa (ECA), through its Sub-Regional Offices for Eastern and Central Africa, conducted a fact-finding mission in collaboration with the Ministry of Trade. Held from 30 June to 4 July 2025, in Brazzaville and Pointe-Noire, the mission aimed to explore how e-commerce and digital tools can accelerate food trade and improve access—particularly for vulnerable populations—while strengthening national and regional agricultural value chains.

    This initiative is part of ECA’s flagship program, “Innovative Digital Trade under the AfCFTA for Promoting Food Security and Agricultural Value Chains in Africa.”

    Strengthening E-Commerce for Agricultural Development

    During the mission, ECA engaged with nearly 200 stakeholders, including three ministers: the Minister of Trade, Supplies and Consumer Affairs; the Minister of Agriculture; and the Minister of Small and Medium Enterprises, Handicrafts, and the Informal Sector. Senior officials from the Ministries of Agriculture, Telecommunications, and the Digital Economy also participated, alongside representatives from MTN, Airtel, the Regulatory Agency for Electronic Communications, the Congolese Agency for Quality and Standardization, commercial banks, agribusinesses, and development partners such as the UN Resident Coordinator’s Office, FAO, and WFP.

    The mission focused on assessing how digital trade can support national food development strategies and how food e-commerce can be scaled to enhance food security and agricultural value chains.

    “If current trends continue, Africa risks missing Sustainable Development Goal 2 – Zero Hunger – by 2030,” said Simone Assah Kuete, Economic Affairs Officer at ECA’s Office for Eastern Africa.

    “Food products are highly perishable and require specialized infrastructure for handling, storage, and distribution. Without reliable cold chains and efficient logistics, maintaining food quality from farm to table becomes virtually impossible.”

    She highlighted that In 2023, an alarming 20% of the population in Sub-Saharan Africa faced severe malnourishment—compared to 8.1% in Asia, 7.3% in Oceania, and 6.2% in Latin America. Moreover from 2019 to 2023, the number of food-insecure people in Sub-Saharan Africa rose from 258 million to 358 million—a 39% increase—while other regions saw declines. “In this context, leveraging digital tools to reduce market information asymmetries and strengthen food systems is no longer optional—it is an urgent imperative,” she added.

    National Commitment to E-Commerce Reform

    Lenda Sitou Milandou, Special Adviser to the Ministry of Trade, welcomed the mission and praised the strong collaboration that made it a success.

    “Food security remains a top priority in our national development agenda,” she affirmed. “To achieve it, we must develop robust legal, regulatory, and institutional frameworks to enable the growth of e-trade in food products.”

    Key Outcomes and Next Steps

    The mission identified high-demand national food products and assessed the current use of e-commerce platforms in the Republic of Congo. It also explored opportunities to enhance digital payment systems—currently limited—through partnerships with commercial banks and mobile network operators.

    The dialogue revealed critical challenges in food production and trade, policy gaps, infrastructure and capacity needs, and the potential role of digital intermediaries in improving food systems.

    This initiative marks a pivotal step toward aligning e-commerce strategies with agricultural transformation in the Republic of Congo. It reflects ECA’s ongoing commitment to supporting member states in leveraging innovation to foster sustainable, inclusive growth.

    Distributed by APO Group on behalf of United Nations Economic Commission for Africa (ECA).

    MIL OSI Africa –

  • MIL-OSI USA: Cortez Masto, Rosen Demand Trump Administration Release Nearly $7 Billion for K-12 Education

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – U.S. Senators Catherine Cortez Masto (D-Nev.) and Jacky Rosen (D-Nev.) joined Senator Ruben Gallego (D-Ariz.) in a letter to U.S. Department of Education Secretary Linda McMahon demanding answers over the Trump administration’s decision to withhold nearly $7 billion in federal funding for K-12 public schools, including more than $60 million for schools in Nevada. The Senators urged the Department to restore the funding and provide clarity for schools and educators.

    “These funds, which represent longstanding investments in K–12 education, support a wide range of priorities such as teacher recruitment, after-school programs, English learner instruction, school-based mental health services, and academic enrichment,” the Senators wrote. “Withholding funds for these important programs will disrupt essential services and undermine the support structures that students, families, and educators rely on every day.”

    On July 1, schools across the country reported they were unable to access their federal funding after the Department of Education abruptly froze nearly $7 billion in grants, even though the funds were appropriated by Congress and already factored into school budgets. The lack of clarity has left schools scrambling just weeks before the new school year begins, forcing districts to delay staffing decisions, scale back programs, and reconsider essential student support services. 

    In Nevada, affected programs include after-school programs, English-learner services, professional development, and migrant education. At least fourteen percent of Nevada students are English-Language Learners.

    “Federal education programs play a crucial role in advancing equity and expanding opportunity, especially for students from low-income and historically underserved communities,” the Senators continued. “With learning gaps widening and student needs growing more complex, limiting access to these resources risks deepening disparities and undermining progress across the education system.”

    “Congress has a constitutional responsibility to appropriate federal education funds, and it is essential that those funds are administered transparently and in accordance with federal law. We urge the Department to work with school districts to provide clarity, minimize disruption, and ensure that critical educational services remain accessible to the students who need them most,” the Senators concluded. 

    Read the full letter here.

    Senators Cortez Masto and Rosen have pushed multiple Departments under the Trump Administration for detailed, public information regarding the impacts of President Trump’s federal funding freeze, hiring freeze, and terminations on Nevada – including to the Department of the Interior, the U.S. Forest Service, the National Nuclear Security Administration, the Department of Veterans Affairs, Department of Agriculture, General Services Administration, Department of Health and Human Services, and Consumer Finance Protection Bureau. The Senators have also pushed back against cuts that hurt students and families in need across Nevada, including to Sierra Nevada Job Corps, mental health grant funding, and food and nutrition programs.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Coming up next week at the London Assembly w/c July 7

    Source: Mayor of London

    PUBLICATION

    Thursday 10 July

    Affordable Housing Monitor

    Housing Committee

    The annual Affordable Housing Monitor tracks the Mayor’s progress against his affordable home delivery targets.

    PUBLIC MEETINGS

    Monday 7 July

    Internal Audit Reports

    Audit Panel – The Chamber, City Hall, Kamal Chunchie Way, 2pm

    The Audit Panel will examine internal and external audit reports, as well as the Greater London Authority (GLA) Corporate Risk Register, the Draft Annual Governance Statement and expenses and taxable benefits. The guests are:

    • Mark Woodley – Group Audit Lead, MOPAC
    • Dianne Tranmer – Executive Director Corporate Resources & Business Improvement, GLA
    • Fay Hammond – Chief Finance Officer, GLA
    • Vicky Ridley-Pearson – Director of Digital, Digital Experience Unit, GLA
    • Stephen Reid – Partner & Head of UK Government and Public Sector Audit, EY
    • Jacob McHugh – Senior Manager, EY
    • David Esling – Head of Audit Assurance – Risk Management, MOPAC

    MEDIA CONTACT: Alison Bell on 07887 832 918 / [email protected]

    Tuesday 8 July

    Fare evasion

    Transport Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am

    The Transport Committee will ask what Transport for London (TfL) is doing to tackle fare evasion and learn more about the impact it has on staff.  The guests are:

    Panel 1 -10am – 11.30am

    • Jared Wood – London Transport Regional Organiser, RMT
    • Michael Roberts – Chief Executive, London TravelWatch

    Panel 2 – 11.30am – 1pm

    • Siwan Hayward OBE – Director of Security, Policing and Enforcement, TfL
    • Jonathan Gronow – Analysis Manager, TfL

    MEDIA CONTACT: Josh Hunt on 07763 252 310 / [email protected]

    Wednesday 9 July

    London’s place in the Government’s Devolution Reforms

    GLA Oversight Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am

    This third meeting of the GLA Oversight Committee investigation on devolution will aim to identify priority areas for London in any new devolution settlement and assess the opportunities available to London through the English Devolution White Paper and the proposed devolution framework in the English Devolution Bill.  The guests are:

    • Councillor Claire Holland, Chair of London Councils
    • Professor Tony Travers, Professor in Practice and Associate Dean of the LSE School of Public Policy
    • Richard Watts, Deputy Chief of Staff to the Mayor of London

    MEDIA CONTACT: Alison Bell on 07887 832 918 / [email protected]

    Thursday 10 July

    Affordable Housing Monitor

    Housing Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am

    The Housing Committee will meet with representatives from London boroughs, housing associations, and a supported housing provider to discuss the Mayor’s Affordable Homes Programme.

    These discussions will follow the release of the Affordable Housing Monitor and aim to gather feedback on the existing programme and insights into what investment partners hope to see in the next one. The guests are:

    Panel 1 – 10.00am-11.15am

    • Tom Oliver – Development Programme Director, Peabody
    • Tracey Cullen – Chief Executive & Board Member, Croydon Churches Housing Association
    • Barbara Richardson – Managing Director at Square Roots
    • Heather Thomas – Chief Executive at Sapphire Independent Housing

    Panel 2 – 11.25am-12.40pm

    • Alice Lester MBE – Director of Regeneration, Growth and Employment at the London Borough of Brent
    • Osama Shoush – Housing Strategic Lead, Southwark Council

    MEDIA CONTACT: Josh Hunt on 07763 252 310 / [email protected]
     

    Friday 11 July

    Mayor’s Question Time

    All Assembly meeting – The Chamber, City Hall, Kamal Chunchie Way, 10am

    The Mayor of London will face questions from London Assembly Members, in Mayor’s Question Time (MQT). Topics will include:

    • Manifesto Pledges
    • Counterterrorism Approach
    • Contaminated land in London
    • Disability Equality Champion

    The guest is:

    • Sir Sadiq Khan, Mayor of London

    MEDIA CONTACT: Alison Bell on 07887 832 918 / [email protected]

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Fossil Fuel Subsidy Reform initiative steps up experience-sharing, reviews subsidy impacts

    Source: WTO

    Headline: Fossil Fuel Subsidy Reform initiative steps up experience-sharing, reviews subsidy impacts

    Ambassador Clare Kelly of New Zealand, coordinator of the FFSR initiative, summarized the progress made on the three key pillars of the initiative’s work in 2025. Noting the strong interest in experience-sharing under the third pillar — “identifying and addressing harmful fossil fuel subsidies” — she encouraged participating members to continue exchanging ideas and to draw lessons from others’ reforms and complementary strategies to address social and developmental challenges.
    As part of the dedicated discussion on fossil fuel reforms, the Philippines shared its experiences on energy market and fossil fuel subsidy reform, including in support of the transition to sustainable energy solutions, while aligning with development priorities. The World Bank presented two new databases that enable users to track changes in retail fuel prices and related subsidy policies across countries in a timely manner. These tools are designed to support global efforts to address challenges associated with fuel pricing and subsidies, particularly in the context of volatile market conditions.
    In further discussions under the third pillar, co-sponsors examined the trade and environmental impacts of fossil fuel subsidies passed through to emissions-intensive industries. The International Energy Agency (IEA) presented its latest energy investment report, which indicated that fossil fuel subsidy support to industry had remained constant, despite a significant global shift towards increased clean energy investment.
    The Organisation for Economic Co-operation and Development (OECD) shared key findings from a recent study on the implications of government support for aluminium smelting and steelmaking. The study concludes that reforming such support offers a cost-effective way to reduce emissions while freeing public resources for more sustainable uses. The WTO Secretariat also presented a 2024 working paper on the trade effects of carbon pricing policies, which contains analysis of the potential impacts of different carbon pricing policies, including removal of fossil fuel subsidies, on comparative advantage in carbon-intensive industries.
    Co-sponsors thanked members and stakeholders for the valuable insights shared, which underscored the importance of strengthening fossil fuel subsidy reform through collective efforts. They emphasized the persistent scale and impact of fossil fuel subsidies, even amid increasing investment in clean energy. The empirical evidence presented confirmed that such subsidies distort comparative advantages and global trade, reinforcing the relevance of the FFSR initiative’s focus on subsidy reform. Co-sponsors also proposed ways to improve the understanding and classification of different types of fossil fuel subsidies.
    Under the first pillar — “Enhanced transparency” — several co-sponsors, including Colombia, Norway and Switzerland, provided updates on their respective efforts to compile information on fossil fuel subsidies and related reforms as part of their recent or upcoming Trade Policy Reviews. The WTO Secretariat presented data from members’ questions and answers related to fossil fuel subsidies and their reform, based on 18 Trade Policy Reviews conducted in 2024 and 2025. The findings reflect increased transparency on the topic, in part as a result of the non-exhaustive list of sample questions to be asked at TPRs adopted by the FFSR initiative co-sponsors at MC13.
    Under the second pillar — “Crisis support measures” — the coordinator highlighted ongoing efforts to compile information on temporary fossil fuel support measures introduced during the 2022–2023 energy crisis, with the aim of developing a practical set of guidelines to help members design any future such measures effectively. Co-sponsors reaffirmed the usefulness of the work on planned guidelines to help ensure that such measures remain targeted, transparent and temporary.
    In conclusion, Ambassador Kelly noted that the next FFSR meeting, scheduled for 2 October 2025, will continue to promote experience-sharing and maintain a focus on the three core pillars of the work programme.
    The FFSR initiative seeks to achieve the rationalization, phasing-out or elimination of harmful fossil fuel subsidies through the use of existing mechanisms or the development of new pathways to reform. It encourages WTO members to share information and experiences to advance discussions at the WTO. More information about the FFSR initiative is available here.

    Share

    MIL OSI Economics –

  • MIL-OSI Europe: Spain: Indra Group to step up research and development of defence and space technologies with €385 million in EIB financing

    Source: European Investment Bank

    EIB

    • Credit marks EIB’s largest financing operation in Spain to strengthen EU security and defence capabilities.
    • Financing to enable Indra to build a technological research and development centre, Indra Technology Hub, and push ahead in radar, electronic defence and other technologies.
    • Agreement supports technological innovation in Europe and is part of the EIB Group’s efforts to strengthen European security and defence capabilities, one of its cross-cutting priorities. It also contributes to the TechEU initiative.

    The European Investment Bank (EIB) has signed a €385 million financing agreement with Spanish technology company Indra Group to boost research, development and innovation of cutting-edge technologies for the defence and space sector. This is the largest EIB’s financing agreement in Spain to date to strengthen the European Union security and defence capabilities.

    The loan is aimed at spurring cutting-edge technologies in areas such as radar, electronic defence, electro-optics, command and control communications and advanced digitalisation. The EIB support will enable Indra to build an integrated technology centre in Torrejón de Ardoz, Madrid region. The planned Indra Technology Hub will be equipped with laboratories and advanced manufacturing technologies to serve the defence and space sector.

    The financing agreement was signed today at the EIB headquarters in Luxembourg. EIB President Nadia Calviño and Vice-President Robert de Groot attended the event along with Indra Chaiman Angel Escribano.

    “Today we are signing a strategic agreement with Indra to boost research and development of cutting-edge technologies. In the current geopolitical context, it is more important than ever to strengthen Europe’s security capabilities, with a pan-European approach and strategic projects. Investing in innovation and technology is investing in security, and the EIB’s support is key to enabling companies to develop projects that contribute to the security of all Europeans,” said Nadia Calviño, President of the EIB Group.

    “This agreement is about turning new ideas into real capabilities across Europe’s defence and space ecosystem,” said EIB Vice-President de Groot. “Space in particular has a critical role in Europe’s security and defence. By backing Indra’s innovation and supporting the creation of its Technology Hub, we are helping Europe stay ahead of the curve in technology, in resilience and in its ability to act with greater autonomy in a fast-changing world.”

    The project will boost the competitiveness of European industry and strengthen the resilience of the EU aerospace, security and defence supply chain. It supports the EIB’s  goal of strengthening European security and defence capabilities as well as the priorities included in its Strategic Roadmap to strengthen the European security and defence industry and accelerate digitalisation and technological innovation. It also contributes to the EIB’s TechEU initiative.

    “The EIB’s financing will boost our industrial and technological development supporting our ’Leading the Future’ strategic plan and our vision of becoming a key player in Europe’s security, defence and aerospace sectors,” said Indra Chairman Ángel Escribano. “The support of this public funding will enable Indra to accelerate the deployment of our industrial and innovation capabilities as well as strengthen our leadership in the security and defence field amidst the new European sovereignty environment.”

    EIB Group support for European security and defence

    Since 2024, the EIB Group, which also includes the European Investment Fund (EIF), has significantly stepped up its support for European security and defence. This line of activities is now a permanent cross-cutting public policy goal for the Group and one of its eight strategic priorities for 2024-2027.

    The Group has updated its lending policy, broadening the eligibility criteria and the range of security and defence projects it can finance. It has also set up a Security and Defence Office to ensure a rapid and effective response to project proposals.

    The EIB Group aims to allocate 3.5% – or about €3.5 billion  – of its total planned financing for 2025 to security and defence projects.

    As a result of ongoing fruitful dialogue with industry, financial intermediaries, defence ministries and key institutions such as the European Commission, the European Defence Agency and the North Atlantic Treaty Organization, the Group currently has a solid pipeline of 80 projects contributing to Europe’s security and defence capabilities.

    For more information on EIB support for the European security and defence sector, click here.

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

    All projects financed by the EIB Group are in line with the Paris Agreement, as pledged in its Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

    In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024. In France, the EIB Group signed €12.6 billion of new financing for more than 100 high-impact projects in 2024. This financing is contributing to the green and digital transition of both countries, economic growth, competitiveness and improved services for residents.

    High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

    Indra Group

    Indra Group (www.indracompany.com) is a holding company that promotes technological progress, which includes Indra, a leading global defence, air traffic and space company; and Minsait, a leader in digital transformation and information technologies in Spain and Latin America. Indra Group drives a safer, more secure and connected future through innovative solutions, trusted relationships and the best talent. Sustainability is part of its strategy and culture, in order to respond to present and future social and environmental challenges. At year-end 2024, Indra Group had revenues of 4,843 million euros, local presence in 49 countries and commercial operations in more than 140 countries.

    MIL OSI Europe News –

  • MIL-OSI USA: Governor Newsom advances government effectiveness and efficiency with new executive order, launches task force with tech industry leaders

    Source: US State of California 2

    Jul 15, 2025

    What you need to know: Governor Newsom is advancing California’s efficiency strategy by connecting state agencies with tech executives to identify new opportunities for efficiency, engagement, and effectiveness throughout the state government to improve services for Californians. 

    SACRAMENTO – Continuing his strategy to make California government more efficient, engaged, and effective, Governor Gavin Newsom today is announcing a new initiative — the California Breakthrough Project — which brings together innovators and leaders from the Golden State’s top tech companies to help guide this work.

    The group will work closely with leaders and front-line employees from state agencies to identify opportunities to further streamline and improve government operations, building on the Governor’s announcement earlier this year. In addition to this effort, the Governor signed an executive order today directing every state agency to implement efficiency measures and create new initiatives to help direct and engage the entire state workforce in these efforts.

    “The Golden State continues to lead in efficiency, strategically implementing technologies and practices that make Californians’ lives better. As the birthplace of modern tech, our state is uniquely positioned to bring the best and the brightest together to advance our work. We will not shy away from progress, but embrace it for the benefit of all Californians, including our state workforce.”

    Governor Gavin Newsom

    Artificial intelligence is already changing the world, and California will play a pivotal role in defining that future. Home to Silicon Valley and the birthplace of the tech industry, California continues to dominate as the leader in AI. The state is home to 32 of the 50 top AI companies worldwide.

    California Breakthrough Project 

    Utilizing the best and the brightest of California’s tech industry, Governor Newsom today announced that he convened tech executives and innovators to kick off the California Breakthrough Project, a group that will help advise and advance government efficiency and collaboration. The group, which first met on June 6 at the Ripple headquarters, includes leaders from companies including AME Cloud Ventures, Anduril, Coinbase, Instacart, Moonpay, Scopely, Snap Inc., Asheesh Birla (Investor), Ron Conway (Founder, SV Angel), Chris Larsen (Executive Chair, Ripple), Jeff Lawson (Co-founder and former CEO, Twilio), Jen Pahlka (author of Recording America), and Jason Wheeler (former CFO of Tesla), and will:

    • Foster collaboration between state decision-makers and experts from tech, business, and innovation sectors.
    • Bring innovation and new ideas to identify and address systemic inefficiencies in government processes, services, and technology.
    • Generate new California challenge-based efforts to catalyze modern solutions within public services.
    • Maintain public transparency, labor and civil society consultation, and ethical safeguards throughout the innovation process.

    This project continues the Governor’s work to include the voices of experts in public policy and the management of AI. In May 2024, Governor Newsom co-hosted a GenAI summit with leaders across academia, industry, civil society, and government to discuss how the state can best use this transformative technology on behalf of Californians.

    Meeting at Ripple headquarters on June 6. (Photo credit: Governor’s Office)

    Leading in government efficiency 

    Governor Newsom has made efficiency a top priority since the start of his Administration. In 2019, the Governor established the Office of Data Innovation, a group of technology experts dedicated to supporting other state agencies, departments, and employees to utilize data, technology, and principles of human-centered design common in the private sector to improve the delivery of services to Californians. 

    Prioritizing efficiency and innovation — with appropriate safeguards protecting privacy, safety, and civil liberties — Governor Newsom has:

    • Overhauled and modernized the Department of Motor Vehicles to reduce wait times, expand online services, and improve customer service.
    • Implemented new cutting-edge technologies to fight wildfires, including cameras across the state and data modeling to predict where wildfires might occur, deployment of drones, and improved incident reporting.
    • Issued an executive order directing state agencies to implement GenAI into state government operations and help support the work of front-line employees.
    • Expedited the procurement process through an innovative Request for Innovative Ideas (RFI2), which allows state agencies to quickly test technology through safe and secure environments. Through this expedited process, California has already announced three important contracts, using GenAI to reduce highway congestion, improve traffic safety, and enhance customer service.
       

    Efficiency for the benefit of Californians

    Today, the Governor is issuing a new executive order to help further integrate efficiency, engagement, and effectiveness into state operations — working with the state workforce to create new tools to improve government work.  The order will help achieve Governor Newsom’s vision of transforming state government, by ending slow and complicated bureaucratic processes and moving to an efficient, collaborative, and more productive model that effectively delivers real outcomes and value for all Californians

    The order directs the state agencies to further modernize processes around hiring, procurement, contracts, and strive for faster and better public-facing service deliveries to Californians. To increase engagement with the state workforce, the Governor is announcing that the state will begin providing California’s innovative deliberative democracy platform, Engaged California, to help the state workforce generate new ideas to improve efficiency, effectiveness, and engagement across state agencies. Last, the order creates a new Innovative Fellows Program comprising state staff with a mission of collaborating to address unique statewide challenges through innovative ideas. 

    Leading in engagement

    Governor Newsom has implemented new technologies through the Office of Data and Innovation, including the groundbreaking Engaged California project. This first-in-the-nation digital democracy platform is currently being used as part of a pilot project to listen to those impacted by the Los Angeles wildfires. The pilot is entering its final recruitment phase this week after getting early ideas and feedback from Angelenos about what is most important during the rebuilding process

    Leading in innovation

    In August 2024, the state partnered with NVIDIA to launch a first-of-its-kind AI collaboration. The initiative, signed by Governor Gavin Newsom and NVIDIA founder & CEO Jensen Huang, aims to train students, educators and workers; support job creation and promote innovation; and use AI to solve challenges that can improve the lives of Californians

    Staying ahead of threats 

    Last year, Governor Newsom also signed a series of bills to crack down on sexually explicit deepfakes and require AI watermarking, protect performers’ digital likenesses, and combat deepfake election content. 

    Recent news

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    News SACRAMENTO – Governor Gavin Newsom today announced that he has signed a tribal-state gaming compact with the Cher-Ae Heights Indian Community of the Trinidad Rancheria.A copy of the Cher-Ae Heights Indian Community of the Trinidad Rancheria compact can be found…

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    MIL OSI USA News –

  • MIL-OSI Banking: Zambia formally accepts WTO Agreement on Fisheries Subsidies

    Source: WTO

    Headline: Zambia formally accepts WTO Agreement on Fisheries Subsidies

    DG Okonjo-Iweala said: “Turning the Agreement on Fisheries Subsidies into real benefits for people and the planet is a global endeavour, and I am grateful to Zambia, as a landlocked country, for stepping up and doing its part. With Zambia’s ratification, we are now closer than ever to adding the Agreement to the WTO rulebook and only six ratifications away from breaking new ground in protecting livelihoods, food security and restoring marine fish stocks.”
    Ambassador Luambia said: “Zambia is very pleased to be part of the first 105 signatories and part of the 111 ratifications that will bring the Agreement on Fisheries Subsidies into force. As a landlocked country, Zambia understands the importance of the Agreement on Fisheries Subsidies in sustaining marine fish stocks and promoting fair trade to support livelihoods, particularly for those in small scale fishing. Zambia believes that the entry into force of this Agreement will further strengthen the rules-based multilateral trading system, with the World Trade Organization at the centre.”
    Formal acceptances from two-thirds of WTO members are required for the Agreement to enter into force — representing 111 members. The list of the 105 WTO members which have deposited their instruments of acceptance with the WTO is available here.
    At the WTO’s 12th Ministerial Conference (MC12) held in Geneva in June 2022, ministers adopted by consensus the Agreement on Fisheries Subsidies, setting new, binding, multilateral rules to curb harmful fisheries subsidies. The Agreement prohibits subsidies for illegal, unreported and unregulated fishing, for fishing overfished stocks, and for fishing on the unregulated high seas.
    Ministers also recognized the needs of developing economies and least-developed countries by establishing a fund to provide technical assistance and capacity-building to help governments that have formally accepted the Agreement to implement the new obligations.
    The Fish Fund launched a Call for Proposals on 6 June, inviting developing economies and LDCs that have ratified the Agreement to submit requests for project grants aimed at helping them implement the Agreement. The WTO Fish Fund portal can be found here.
    WTO members also agreed at MC12 to continue negotiating on remaining fisheries subsidies issues. The objective is to find consensus on additional provisions to further strengthen the disciplines on fisheries subsidies.
    Information for members on how to accept the Protocol of Amendment is available here.

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