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Category: Business

  • MIL-OSI USA: ICYMI: Warren Remarks on RFK Jr. Committee Vote

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    February 04, 2025

    Video of Remarks (YouTube) 

    Washington, D.C. – Following the Senate Finance Committee vote to advance the nomination of Mr. Robert F. Kennedy Jr., nominee for Secretary of the Department of Health and Human Services, U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, gave the following remarks:

    Transcript: Open Executive Session to Consider Favorably Reporting the Nomination of Robert F. Kennedy, Jr., of California, to be Secretary of Health and Human Services
    Senate Finance Committee
    February 4, 2025  

    As Delivered

    Senator Elizabeth Warren: Thank you, Mr. Chairman. Since we had our hearing last week, Mr. Kennedy has amended his ethics agreement. Recall that his ethics agreement said that while he was Secretary of HHS, he intended to retain a financial interest in ongoing vaccine litigation—that he was already collecting money from—and that he wanted to continue to collect that money even though he could affect the outcome of that litigation. He has since changed his position on that. Once it was exposed, people talked about it, and expressed some serious reservations about him doing that, he said he will instead give his financial interests to his son. That is a fig leaf that is so small, it would take a magnifying glass to see it. 

    No one is fooled about what is happening here. Mr. Kennedy refuses to say that he will not participate in these lawsuits financially the day after he leaves office. And yet, Mr. Kennedy has acknowledged the American people have a right to know that the decisions he is making are decisions that are in their interest, not in his future financial interest. He has said he thinks that is the right standard, and yet, he has figured out how to make money off of his anti-vax positions. He has already raked in 2.5 million dollars. He is in a position where he can affect the outcomes by things that he does as Secretary of HHS. Yet, he refuses to say that he will delay, by even a day, taking on anti-vax lawsuits the minute he leaves. 

    That is an appalling conflict of interest, and it is one in which the American people can reasonably ask: is Mr. Kennedy’s plan to help the American people, or is he planning to use this job to further enrich himself, as he has pointed out with his son, and enrich his family? 

    The importance of this litigation cannot be overstated. This is not only about a private company that gets sued and has to pay out. Vaccine manufacturers often operate on very slim profit margins. If they get sued repeatedly and successfully, they simply move out of the vaccine space. We have already seen this happen with vaccines in the past. 20 years ago, we watched vaccines just move away if they did not have protection from these kinds of lawsuits. The consequence of Mr. Kennedy’s ability to make those lawsuits easier is also the ability to shut down access and manufacturing for vaccines for every one of us. And I think that is a terrible mistake. 

    MIL OSI USA News –

  • MIL-OSI USA: Welch Opposes RFK Jr.’s Nomination in the Senate Finance Committee: “I want a disrupter in the health care system, and the one leading it. I don’t want a destroyer.”

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – In the Senate Finance Committee today, U.S. Senator Peter Welch (D-Vt.) voted against advancing Robert F. Kennedy Jr.’s nomination to be the next Secretary of Health and Human Services (HHS). Mr. Kennedy would be tasked with leading HHS’ ten public health service agencies and three human services agencies. In remarks following his vote, Senator Welch cited concerns about Mr. Kennedy’s character, competence, and priorities, including his views on the efficacy of vaccines.  
    Welch: “After this hearing, I did not have confidence that Mr. Kennedy would be the one to lead us to a better future.” 
    Watch a video of his remarks below: 

    Read his remarks in the Senate Finance Committee below: 
    “I want a disrupter in the health care system, and the one leading it. I don’t want a destroyer. 
    “There’s three issues before any nominee that we have to consider: one is character, another is competence, and the third is priorities.  
    “We did not have Caroline Kennedy here, but she gave a statement. And she said that Bobby was able to attract people through the strength of his personality, his willingness to take risks, and break the rules. Those might be desirable qualities if it was accompanied by sober judgment and behavior, because the person who leads a major organization has to have the confidence of the people that work for him. And, frankly, some of the things that he did that [he] never explained—a chainsaw taking off the head of a whale, dumping a bear in Central Park for his own amusement—these are just weird things. We never really got into the character issue of what is required for a person who runs such a major department.  
    “The competence question, this is all on a wing and a prayer and a hope. There’s no record of Mr. Kennedy having experience in managing a large organization, in medicine. No experience with science. And none of the prior experiences required not only to run a major organization—Health and Human Services, but also the CDC, the NIH—and all the other organizations that are under the umbrella of health care.  
    “By the way, on the competence issue, let’s be candid. This was a deal where Mr. Kennedy was running for president as a Democrat. He lost. And he approached President Trump to make a deal, and for political reasons, the deal was made. And the appointment was going to be that he’s at Health and Human Services. The president has a right to make that deal and Mr. Kennedy can seek it, but it doesn’t translate into competence.  
    “The third is priorities. The priority for Mr. Kennedy is about the vaccines and his theory of that. We need reliable vaccines and not a conspiracy theorist on that. But, you know, the health care system is not working for the American people. It is too costly. Our employers who care deeply about providing employer-sponsored health care can’t afford these premiums. The folks who are getting their insurance on their own can’t afford it. Even Obamacare is getting so expensive because prices are escalating constantly with pharma expenses, with private equity getting into health care.  
    “Mr. Kennedy’s priority was about his view of vaccines. It was not about making health care more affordable and accessible. And in response to, really, a very direct and easy, open-ended question from Senator Cassidy, Mr. Kennedy showed a woeful ignorance even between the difference between Medicare and Medicaid.  
    “We have a health care system that is not serving—as it should—the interests of American citizens, of American businesses, and American taxpayers. And I, after this hearing, did not have confidence that Mr. Kennedy would be the one to lead us to a better future.”  
    Watch Senator Welch’s questioning of Mr. Kennedy during his confirmation hearing.  

    MIL OSI USA News –

  • MIL-OSI USA: Senator Marshall Releases Statement After Finance Committee Advances Robert F. Kennedy, Jr.’s Nomination to be HHS Secretary

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington, D.C. – U.S. Senator Roger Marshall, M.D. issued the following statement on President Trump’s nominee for Health and Human Services (HHS) Secretary, Robert F. Kennedy, Jr. after the Senate Finance Committee voted 14-13 to advance his nomination.
    “It is an indisputable fact that there is a chronic disease epidemic across our country. At both of his confirmation hearings, Robert F. Kennedy laid out the facts on why he is the right person at the right time to lead the U.S. Health and Human Services Department,” said Senator Marshall. “He is laser-focused on addressing the chronic diseases crisis and improving nutrition and food policy to secure healthier outcomes for all Americans. As a physician, I stand firmly behind RFK Jr.’s nomination and am pleased to see the Finance Committee advance his nomination. I look forward to voting for him on the Senate floor and working with him on our shared goal to Make America Healthy Again.”

    MIL OSI USA News –

  • MIL-OSI USA: Sen. Scott, Colleagues Seek to Enhance Accountability for SBA Disaster Loan Account

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    WASHINGTON — U.S. Senator Tim Scott (R-S.C.), member of the Senate Committee on Small Business, along with Senator Adam Schiff (D-Calif.), re-introduced the SBA Disaster Transparency Act, which requires the Small Business Administration to make its monthly reporting requirements for the Disaster Loan Account available to the public. As of 2015, the Federal Emergency Management Agency (FEMA) has followed this transparent reporting model for its Disaster Relief Fund (DRF).  

    Senators Scott and Schiff are joined on the legislation by Senators Marsha Blackburn (R-Tenn.), Rick Scott (R-Fla.), and Ted Budd (R-N.C.).

    “When I surveyed the devastation from Hurricane Helene, I knew the road to recovery would be long and difficult, but that South Carolinians are resilient,” said Senator Tim Scott. “The SBA Disaster Transparency Act makes simple but necessary reforms to the Disaster Loan Account that will provide increased transparency and ensure Congress is able to act before it’s too late. I am grateful to my colleagues for joining me on this commonsense, bipartisan legislation. I remain committed to working on lasting solutions with President Trump and Congress to ensure we have effective, top-of-the-line disaster response efforts in place.”

    “In the aftermath of the fires in Los Angeles that have devastated our communities, we are introducing this bipartisan bill to hold the SBA accountable and improve transparency of available disaster funds. With this oversight, we can help ensure those impacted receive the support and funding they deserve in order to swiftly recover and rebuild,” said Senator Schiff.

    “Recent natural disasters exposed the need for greater oversight and reform of the SBA’s Disaster Loan Account. The people of Western North Carolina should not be put in a position where the SBA’s account is depleted due to inadequate planning. These loans should follow the same reporting requirements as other agencies, like FEMA, so that funds are available when needed. I’m proud to join Senator Tim Scott to bring accountability to SBA’s disaster loans,” said Senator Budd.

    “Communities in Tennessee and across the country that are rebuilding from natural disasters deserve full transparency on how federal dollars are being spent towards recovery. The SBA Disaster Transparency Act would require monthly reporting for the Disaster Loan Account to be open to the public,” said Senator Blackburn.

    Senator Rick Scott said, “The American people have every right to know where their tax dollars are being spent and hold their government accountable. I’m proud to join my colleagues to introduce the SBA Disaster Transparency Act to bring more transparency to the federal government.”

    MIL OSI USA News –

  • MIL-OSI USA: Budd, Scott, Colleagues Introduce Bill to Enhance Accountability for SBA Disaster Loan Account

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)

    Washington, D.C. — Senators Ted Budd (R-NC), Tim Scott (R-SC), Adam Schiff (D-CA), Marsha Blackburn (R-TN), and Rick Scott (R-FL) introduced the SBA Disaster Transparency Act.

    The bill requires the Small Business Administration to make its monthly reporting requirements for the Disaster Loan Account available to the public. As of 2015, the Federal Emergency Management Agency (FEMA) has followed this transparent reporting model for its Disaster Relief Fund (DRF).

    Senator Budd said in a statement:

    “Recent natural disasters exposed the need for greater oversight and reform of the SBA’s Disaster Loan Account. The people of Western North Carolina should not be put in a position where the SBA’s account is depleted due to inadequate planning. These loans should follow the same reporting requirements as other agencies, like FEMA, so that funds are available when needed. I’m proud to join Senator Tim Scott to bring accountability to SBA’s disaster loans.”

    Senator Tim Scott said:

    “When I surveyed the devastation from Hurricane Helene, I knew the road to recovery would be long and difficult, but that South Carolinians are resilient. The SBA Disaster Transparency Act makes simple but necessary reforms to the Disaster Loan Account that will provide increased transparency and ensure Congress is able to act before it’s too late. I am grateful to my colleagues for joining me on this commonsense, bipartisan legislation. I remain committed to working on lasting solutions with President Trump and Congress to ensure we have effective, top-of-the-line disaster response efforts in place.”

    Senator Schiff said:

    “In the aftermath of the fires in Los Angeles that have devastated our communities, we are introducing this bipartisan bill to hold the SBA accountable and improve transparency of available disaster funds. With this oversight, we can help ensure those impacted receive the support and funding they deserve in order to swiftly recover and rebuild.”

    Senator Rick Scott said:

    “The American people have every right to know where their tax dollars are being spent and hold their government accountable. I’m proud to join my colleagues to introduce the SBA Disaster Transparency Act to bring more transparency to the federal government.”

    MIL OSI USA News –

  • MIL-OSI New Zealand: Support for Māori economic development projects

    Source: New Zealand Government

    A major infrastructure upgrade at the Waitangi Treaty Grounds, supported by $10.2 million from the Regional Infrastructure Fund, is progressing well with some new facilities opening in time for the 185th Waitangi Day commemorations this week, Regional Development Minister Shane Jones and Māori Development Minister Tama Potaka say.

    The Ministers also today announced $7.1m funding for Māori economic development projects in Northland and Taranaki.

    “The Waitangi Treaty Grounds are a nationally significant site for all New Zealanders and it is important they are maintained at the highest level,” Mr Potaka says.

    “The grounds are also the No.1 tourism destination in Northland and each year the number of visitors increases, boosting the local economy. More than 160,000 people visited last year, including about 50,000 on Waitangi Day 2024. The infrastructure improvements will ensure the grounds are fit for purpose year-round.”

    Mr Jones says it was clear the facilities and buildings at the Waitangi grounds were reaching the end of their shelf life and needed upgrading.

    “I am pleased that work has cracked on in time for this year’s events, and that all-important bathroom facilities and carparking is in place.”

    The remaining upgrades at Waitangi are expected to be finished by November 2026. The total cost of the upgrades is $10.65m.

    The Ministers announced the funding in November last year, along with $10.1m for infrastructure improvements at Rātana Pā near Whanganui.

    Today the Ministers also announced $7.1m in grants from the Regional Infrastructure Fund (RIF) for enabling infrastructure in three Māori economic development projects in Northland and Taranaki.

    “We understand access to capital is a particular barrier for Māori entities and businesses, and the RIF aims to be a potential source of investment in Māori-led regional infrastructure projects that have merit, and it is proven funding cannot be found elsewhere,” Mr Jones says.

    “It is often difficult for Māori to borrow against collectively owned whenua (land) and some Māori entities have lower levels of assets that can be used by lenders as security collateral. Investing in the Māori economy is important for lifting the New Zealand economy as a whole.”

    Research from Business and Economic Research Limited and the Ministry for Business Innovation and Employment shows the Māori economic contribution to the New Zealand economy grew from $17 billion (6.5 per cent of GDP) in 2018 to $30b (8.4 per cent) in 2023.

    “These three grants from the RIF will provide these communities with the funds needed to unlock potential Māori economic development opportunities while supporting growth and resilience in these regions,” Mr Potaka says.

    The three projects are:

    • Te Kao Community Microgrid (Te Tai Tokerau) project will receive a $3m grant to construct a solar- and wind-powered microgrid connected to a community battery in Te Kao village to provide a consistent low-cost energy supply to the community and local businesses.
    • Ngā Wāhi Tapu o Pukerangiora (Taranaki) will receive $2.8m to build tourism infrastructure at Pukerangiora Pā, a site of significance to increase cultural tourism opportunities. 
    • Waimamaku Community Solar Resilience Programme (Te Tai Tokerau) will receive $1.3m to install solar power and batteries to multiple businesses and community facilities to provide consistent and reliable power.

    In September the Government provided a $5.8m grant to improve water infrastructure at Parihaka in Taranaki, a place of passive resistance, peace, and shelter during the New Zealand Land Wars.

    MIL OSI New Zealand News –

  • MIL-OSI Security: Manvel resident admits to series of frauds totaling $2 million

    Source: Office of United States Attorneys

    HOUSTON – A 39-year-old man has entered a guilty plea to wire fraud for a Payroll Protection Plan (PPP) scheme involving the submission of a series of false applications under the name of a business that did not exist, announced U.S. Attorney Nicholas J. Ganjei.

    Antonio Jackson submitted false documents on four separate applications for PPP funds during the COVID-19 epidemic. Jackson claimed to have multiple employees at a business that was later found to have been entirely fictitious.   

    To further the fraud, Jackson submitted false tax documents, bank statements and employee forms to the Small Business Administration (SBA), ultimately resulting in a loss of $491,711 to the SBA.  

    As part of his plea, Jackson also admitted to several other frauds he had committed during this timeframe. One included a scheme to defraud a Washington D.C.-based federal credit union through a series of false home improvement loan applications. He also acknowledged a mortgage fraud by claiming honorable discharge for a Veteran’s Affairs Department backed loan, a scheme to avoid paying taxes on a residence in Brazoria County by claiming to be an fully disabled veteran and to committing credit card abuse in December 2024.

    In total, losses associated with Jackson’s various frauds have exceeded $2 million.

    “Going after fraudsters who take money meant for hard-working Americans is a priority for this office. Doing so both upholds the public trust and protects the taxpayer,” said Ganjei.

    As part of his plea, Jackson has agreed to pay full restitution for his crimes.

    U.S. District Judge Lee H. Rosenthal will impose sentencing April 16. At that time, Jackson faces up to 20 years in federal prison and a possible $250,000 maximum fine.

    He will remain in custody pending that hearing.

    The SBA-Office of Inspector General conducted the investigation with the assistance of the Department of Veteran’s Affairs. Assistant U.S. Attorney Thomas Carter prosecuted the case.

    MIL Security OSI –

  • MIL-Evening Report: Māori communities lead innovative ways of financing housing on ancestral lands

    Source: The Conversation (Au and NZ) – By Jack Barrett, Lecturer in Business, Auckland University of Technology

    New Zealand’s housing crisis disproportionately affects Māori in rural areas where healthy homes are in short supply and collective land ownership presents a challenge to banks.

    Governments have been grappling with this issue. The previous Labour-led government committed more than NZ$730 million to Māori-led housing solutions, and an announcement this week by the current coalition government saw a $200 million investment into affordable rentals.

    But Whare Ora, a community-run housing initiative in Te Tairāwhiti (East Coast), shows that innovative approaches to home ownership can be found within communities.

    Since 2020, Whare Ora has developed a social enterprise model, focused on producing healthy, affordable and transportable whare (houses) for local communities. Run by the charitable company Hikurangi Enterprises, Whare Ora has now supplied more than 80 homes for local whānau.

    This project is directly addressing regional housing deprivation and the finance barriers for building on Māori land under multiple ownership.

    This holds particular potential for Indigenous housing.

    Financial barriers

    Despite Whare Ora producing high-quality houses at affordable prices, access to finance remains a significant barrier for whānau placing homes on ancestral lands.

    This is mainly due to the perceived risk of lending against Māori freehold land, which is inalienable and often collectively owned. This creates issues for mainstream retail lenders that require land to be alienable to a single owner to secure a mortgage.

    In exceptional circumstances, such as Ngāti Whātua Ōrakei’s recent agreement with BNZ, this can be mitigated if a trust can provide a guarantee over lending. This usually requires a large asset base or financial holdings.

    However, the majority of Māori who want to build homes on ancestral lands are individual or collective whānau who don’t have access to such resources. The perceived risk excludes many who could service a loan but are unable to because the financial services don’t exist or aren’t designed for collectively-owned land.

    For a region such as Te Tairāwhiti where about 25% of land is under Māori governance, this creates a lost opportunity for whānau to utilise ancestral lands for housing.

    This is a systemic issue, documented by the National Housing Commission in 1983 and the Auditor General’s reports in 2011 and 2014.

    Affordable portable houses provide an opportunity to build on ancestral lands.
    Hikurangi Enterprises, CC BY-SA

    Community partnerships

    Seeking a solution to this finance barrier, Hikurangi Enterprises collaborated with Community Finance, a community-to-community lender, to investigate possible ways to administer lending for housing on collectively-owned land.

    Supported by philanthropic organisations, this collaboration has given way to Kaenga Hou, a new trust set up to provide a range of progressive home-ownership options in Te Tairāwhiti.

    Significantly, one option facilitates lending on ancestral land through a license-to-occupy agreement, based on an ethical finance model funded by impact investors.

    Impact investors provide finance capital at below-market interest rates, while producing a social or environmental benefit (in this case addressing regional housing issues and strengthening Māori wellbeing through connections to ancestral lands).

    This allows for more compassionate and innovative forms of investment, where complex issues can be worked through rather than written off as too risky or not profitable enough.

    An ethical finance model

    In designing a model to attract impact investment, Kaenga Hou and Community Finance sought innovative ways to mitigate investor risk while placing whānau at the centre of decisions, protecting them from exploitative lending and ensuring fair outcomes.

    This was achieved through a creative rent-to-buy programme using whānau rental payments to reduce risk and build resilience into the model.

    In short, whānau make rental payments to the trust. A portion of these payments repays the trust’s interest payments to investors funding the model. Another part builds a savings account, allowing the whānau to buy the home outright over time.

    A final portion will be directed toward a support mechanism for all whānau in the programme. Known as the aroha fund, this aspires to support others if they face unexpected financial difficulty.

    Innovation lies in the subtle details that reduce risk for both whānau and the investors. For example, the aroha fund increases the chance of programme completion, setting whānau up to succeed, while ensuring financial and social returns for the ethical investor.

    Similarly, in the unlikely event whānau have to exit the programme, a proportion of the money accrued through the savings account can be returned and they would have paid an affordable rent while in the programme.

    In this worst-case scenario, the programme aims to leave whānau in a better-off position than when they entered, uplifting whānau and safeguarding the reputation of investors. Collectively, these aspects ensure that positive whānau outcomes are just as important as creating a financial return.

    Lessons for Te Tiriti-led futures

    At its heart, housing on ancestral lands is a Te Tiriti issue. The Waitangi Tribunal recently concluded the Crown has a duty to provide housing because of the guarantee of tino rangatiratanga over kāinga (homes and settlements).

    The government currently provides a loan scheme for housing on whenua Māori, but since its inception in 2010 it has been constantly scrutinised for low uptake and accessibility, with similar pitfalls to retail lending.

    This highlights the importance of taking lessons from community-led innovations and their approaches. In this case, more compassionate investment and a whānau-centred finance model created new possibilities for managing risk associated with lending to ancestral Māori lands.

    Genuine partnerships, seeking to protect whānau while participating in finance systems, were key. This provides a road map for how Aotearoa might face such pressing issues, now and into the future.

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

    – ref. Māori communities lead innovative ways of financing housing on ancestral lands – https://theconversation.com/maori-communities-lead-innovative-ways-of-financing-housing-on-ancestral-lands-247179

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Sir Chris Bryant speech at TMT World Congress 2025

    Source: United Kingdom – Executive Government & Departments 2

    Minister for Data Protection and Telecoms, Sir Chris Bryant, gave a speech at TMT World Congress 2025 on 30 January 2025.

    Without vision, the people perish. Without a plan, the vision perishes. And without investment, financial, social and personal, the plan perishes.

    So let me start with a vision of a nation:

    A government that has economic growth as a constant obsession permeating everything it does.

    An economy that enjoys some of the strongest inward investment in Europe.

    A country with fierce ambitions: connectivity for all; inclusion wherever you live; science and innovation unshackled; AI unleashing greater productivity across the economy and public services.

    There’s no route to growth without digital infrastructure.

    The fibres, the subsea cables, the telegraph poles, the ducts, the data centres, the satellite connections, they are the central nervous system of a modern economy.

    • Without reliable ultrafast or gigabit capable broadband, businesses will be stuck on calls repeating ‘can you hear me now?’ into the void.
    • Without 5G standalone, public services will lag behind.
    • Without enough data centres, AI will run out of juice.

    We’ve come a long way in investing in our digital infrastructure in the UK, thanks to the efforts of many of you in this room.

    I’m here to tell you about how the government will help you seize the investment opportunities around the corner.

    Looking back, we’ve already come a long way.

    • More than 85% of homes and businesses in the UK can now access gigabit-capable broadband. It was just 10% in 2019.
    • Telcos are investing £40 billion to hit 100% by 2030.
    • And earlier this month, we signed four new Project Gigabit contracts with Openreach to get gigabit-capable broadband to over 130,000 new homes.

    Likewise on mobile connectivity:

    • According to Ofcom, 5G is now available outside of 95% of homes and businesses across the country.
    • Customers across the UK are feeling the benefits of standalone 5G, thanks to Vodafone, VMO2 and BT/EE – we want that everywhere by 2030.

    On data centres:

    • We have just over 500, putting us third globally.
    • And in the AI Opportunities Action Plan, we committed to upping public computing power twentyfold by 2030.

    But I don’t only measure growth in terawatt-hours of computing power, or billions of pounds.

    I measure it in individual lives changed by connection.

    Connectivity can deliver the world-class public services British people deserve:

    • Standalone 5G in hospitals could transmit high-res scans to diagnose disease faster
    • Or stream bodycam videos from police on the street to back-up waiting at HQ.

    If the digital revolution is to deliver a fairer, more prosperous future for Britain, we’ve also got to make sure everyone in the UK sees the benefit. 5% of homes still aren’t connected to the internet and the figure for poorer homes is even worse – 19%.

    I’m grateful for the work the sector has done on digital inclusion, including social tariffs.

    But we have to do better than that:

    a) because every household lost to the digital economy loses out on phenomenal opportunities and
    b) because they are also lost as workers, as citizens and as customers.

    So: huge amounts of progress on connecting us all to growth.

    But we’ve got much further to go.

    To make our vision a reality, we need investment.

    Today, the UK is Europe’s number one destination for new investment in projects and new jobs.

    The International Investment Summit in October broke records, creating 38,000 new jobs and bringing £63 billion into the UK – with much of that pouring into tech and data centres.

    And another £14 billion was secured when we launched the AI Opportunities Action Plan. But that’s just the start.

    Our ambition is to make Britain the best place to invest in the world.

    Here’s how:

    1. Partnering with you for growth.

    Within days of taking office, we set up the National Wealth Fund to the tune of £27.8 billion.

    It shows how serious we are about partnering with private capital to invest in the jobs, industries and infrastructure of the future.

    Six months in, that’s unlocked £1.6 billion – including supporting faster broadband connections for thousands of businesses and homes in Cornwall, Yorkshire, Lincolnshire and Cumbria.

    2. Making sure regulation and planning don’t tie us all in knots.

    The PM and Chancellor have both been clear about the need for pro-growth regulation across the economy, as an essential part of our growth mission.

    We’ll give you the stable regulatory framework that gives investors confidence.

    And more planning reform to help you build equipment quickly and cost-effectively – including the last telecoms provisions from the Product Security and Telecommunications Infrastructure Act.

    3. Backing competition:

    Competition is the only way to drive innovation and growth, and a better experience for customers.

    The Vodafone and Three merger is a great example, with a £11 billion investment commitment for standalone 5G, bringing better connections to 99% of the population.

    Underpinning all of this is a determination to tear down the barriers to growth.

    If you want to create wealth and jobs for British people, we will not stand in your way.

    This is a vision of a country that’s as ambitious about investment as it is about connecting people.

    You can’t do one without the other.

    I can almost hear the whisper of deals in the air today.

    So here’s one more for you to think about over coffee:

    Help us make the things digital infrastructure connects us to – family, friends, a job offer, a business deal, growth – available to all.

    In return, we’ll make this the best place in the world for you to invest to make that happen.

    Thank you.

    Updates to this page

    Published 4 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Pieridae to Hold Conference Call and Webcast to Discuss Fourth Quarter and Year-End 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES

    CALGARY, Alberta, Feb. 04, 2025 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) will release its financial and operating results for the 2024 fourth quarter and year-end, on Wednesday, March 19, 2025, after markets close.

    President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and company developments on an investor conference call and webcast on Thursday March 20, 2025, at 8:30 a.m. MDT / 10:30 a.m. EDT.

    To register to participate via webcast please follow this link:    

    https://edge.media-server.com/mmc/p/4gnbdki4

    Alternatively, to register to participate by telephone please follow this link:

    https://register.vevent.com/register/BI2b233016526f4daea915722f8796db53

    A replay of the webcast will be available two hours after the conclusion of the event and may be accessed using the webcast link above.

    ABOUT PIERIDAE

    Pieridae is a Canadian energy company headquartered in Calgary, Alberta. The Company is a significant upstream producer and midstream custom processor of natural gas, NGLs, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia. Pieridae’s vision is to provide responsible, affordable natural gas and derived products to meet society’s energy security needs. Pieridae’s common shares trade on the TSX under the symbol “PEA”.

    For further information, visit www.pieridaeenergy.com, or please contact:

    Darcy Reding, President & Chief Executive Officer
    Telephone: (403) 261-5900

    Adam Gray, Chief Financial Officer
    Telephone: (403) 261-5900

    Investor Relations
    investors@pieridaeenergy.com

    The MIL Network –

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” publishes its factsheet for the fourth quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

    UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its factsheet, providing information about the Company’s investment portfolio, key events, business strategy, operating segments, and financial indicators as of 31 December 2024.

    2024 Q4 KEY EVENTS

    • Total aggregated FY 2024 Revenue and YTD EBITDA amounted to 6,420 kEUR and 4,155 kEUR, respectively. Wind parks managed under UAB “Žaliosios investicijos” produced 14% less than envisioned with a captured price 32% less than projected. This is driven by low winds during 2024 and lower than estimated electricity prices.
    • In December 2024, Investment Company divested 65.5 MW operating Solar PV portfolio in Poland (Energy Solar Projekty sp.z o.o).
    • The decline in Fund’s NAV was driven by a drop in the valuation of two remaining solar PV portfolios in Poland. This reduction is attributed to a 30% decrease in electricity price forecasts and a higher WACC, driven by incomplete construction. Conversely, value gains were recorded from UAB “Žaliosios investicijos “ and Zala Elektriba SIA, due to secured construction permits. Remaining projects are valued using the asset method, with real value gains expected upon obtaining building permits.

    Solar development in Poland:

    • The construction of 67.8 MW total capacity PV Energy Projects sp.z o.o portfolio nears completion.  As of reporting period, 44.8 MW are operational. 5 projects (1 MW each) are planned to be energized in Q1 2025. The anticipated COD for the entire park is set for September 2025.
    • The PL SUN sp.z o.o. portfolio, with a total capacity of 114.7 MW, is divided into two phases. The construction works of the first phase (66.6 MW) were largely finalized in 2024 Q2. 26.4 MW were energized in Q4. The remaining 40.2 MW are scheduled to be energized by 2025 Q2. The second phase (48.1 MW) commenced construction in October 2024. Module and inverter supply agreements as well as Balance of System and technical advisory contracts are signed. Modules were delivered to 5 sites (total capacity of 31 MW). Mounting structure construction and modules mounting works have been started in 4 sites (total capacity of 25.42 MW).

    Wind Projects:

    • Energy Production license for the Anykščiai wind farm was obtained in August 2024, for Jonava and Rokiškis wind farms the license obtainal is schduled for Q2 2025.
    • The 112 MW wind farm developed under Zala Elektriba SIA is scheduled to reach RtB in Q1 2025.

    Hybrid Projects:

    • Design works of a hybrid project managed by UAB “KNT Holding” and hybrid project managed by UAB “Ekoelektra” is underway to develop detailed equipment and technology specifications. Finalizing necessary agreements for project infrastructure.

    Contact person for further information:

    Grėtė Bukauskaitė

    Manager of the Investment Company

    grete.bukauskaite@lordslb.lt

    www.lordslb.lt/AEI_green_bonds

    Attachment

    The MIL Network –

  • MIL-OSI USA: NEWS: Sanders Statement on Voting “NO” on RFK Jr.

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders

    WASHINGTON, Feb. 4 – Sen. Bernie Sanders (I-Vt.) today released the following statement after voting no during a Senate Finance Committee mark-up on the nomination of Robert F. Kennedy Jr. to serve as Secretary of Health and Human Services:

    There are a few issues that Mr. Kennedy and I agree on.

    We agree on the need to stop the ultra-processed food industry from getting our kids addicted to unhealthy and dangerous products that cause obesity, diabetes and other life-threatening diseases.  

    We agree on the need to lower the outrageous prices we pay for prescription drugs in this country.

    We agree that we should stop Big Pharma from being allowed to flood the airwaves with advertising.

    But, despite those agreements, I cannot in good conscience vote for someone who denies and will dilute our public health protections, sow distrust in science and oversee massive cuts to health care programs for low-income people, nursing home care for seniors and long-term care for people with disabilities.

    Despite what Mr. Kennedy believes, the overwhelming consensus within the scientific community is clear: Vaccines are safe and effective. Over the past 50 years, vaccines have saved the lives of over 150 million people throughout the world and reduced the infant mortality rate by 40%. Vaccines have not, as Mr. Kennedy has claimed, “poisoned an entire generation of American children.”

    Vaccines do not, as Mr. Kennedy has claimed, cause autism. More than a dozen rigorous scientific studies from around the world involving hundreds of thousands of children have proven that.

    The polio vaccine has not killed, as Mr. Kennedy has claimed, more people than polio ever did.  The scientific community has found that the polio vaccine has saved 1.5 million lives and has prevented more than 20 million people from becoming paralyzed since 1988.

    The COVID vaccine was not, as Mr. Kennedy has claimed, “the deadliest vaccine ever made.” The scientific community has found that the COVID vaccine saved over three million lives and prevented over 18 million hospitalizations in the United States alone.

    In my view, we should listen to nearly 20,000 doctors who have told us that Mr. Kennedy has “a well-documented history of spreading dangerous disinformation on vaccines and public health interventions, leaving vulnerable communities unprotected and placing millions of lives at risk. His appointment is a direct threat to the safety of our patients and the public at large.”

    We should listen to over 900 public health officials in 41 states who have urged us to prioritize science and reject Mr. Kennedy’s “dangerous” nomination.

    We should listen to 77 Nobel Laureates who have told us that putting Mr. Kennedy in charge of HHS would “put the public’s health in jeopardy and undermine America’s global leadership in the health sciences, in both the public and commercial sectors.”

    We must reject Mr. Kennedy’s nomination.

    MIL OSI USA News –

  • MIL-OSI Security: 29 Individuals Sentenced to 378 Combined Years in Federal Prison for Running Armed Fentanyl and Meth Trafficking Ring

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    EVANSVILE- 29 defendants have been sentenced to a combined 378 years in federal prison for their roles in a large methamphetamine and fentanyl drug trafficking organization that operated in Southern Indiana.

    According to court documents, between January 2020 and November 2021, the following 29 individuals conspired together to distribute a total of nearly 500 pounds of methamphetamine and over three kilograms of fentanyl. This investigation led to the seizure of over 80 pounds of methamphetamine, over 560 grams of fentanyl, and $240,000 in United States currency.

    Jeramey Smith served as the leader of the drug trafficking operation. Smith began obtaining multiple pound quantities of crystal methamphetamine from Julian Green in early 2020 until April of 2021 when he changed his source of supply to a cartel linked individual based in Houston, Texas. In June of 2021, Smith was robbed of a large amount of cash and was unable to pay his supplier for the lost product. Smith resorted back to Green to obtain the crystal methamphetamine.

    DeJarnett was one of Smith’s top methamphetamine customers, often purchasing up to 20 pounds at a time. After Smith obtained the methamphetamine from either Green or his Mexican source of supply, he then distributed the methamphetamine to mid -level distributors in Indianapolis and Evansville.   

    In September 2021, Smith branched out to also begin selling large quantities of fentanyl-laced pills. Smith would obtain fentanyl powder from Markey and/or Moore, who would then press the powder into pills. Smith then used his same distributors to distribute the fentanyl throughout Southern Indiana. Law enforcement seized an automated pill press during the course of the investigation. Smith also used violence and intimidation to further his drug business by having his distributors robbed of their drug proceeds at gun point.

    Additionally, several members of the drug trafficking used firearms to protect themselves and their profits. In total, law enforcement officers seized over 30 firearms from the defendants during court-authorized searches at multiple locations in Indianapolis and Evansville.

    The charges and sentences are described below:

    Defendant Charge(s) Prison Sentence
    Jeramey Smith, 35
    Indianapolis, IN

    Conspiracy to Possess with the Intent to Distribute Methamphetamine

    Conspiracy to Possess with the Intent to Distribute Fentanyl

    Felon in Possession of a Firearm

    Obstruction of Commerce by Robbery

    240 months (20 years)

    5 years supervised release

    Julian Green, 36

    Indianapolis, IN

    Conspiracy to Possess with the Intent to Distribute Methamphetamine

    Felon in Possession of a Firearm

    210 months (17.5 years)

    Indianapolis, IN

    Hannah Kissel, 28

    Indianapolis, IN

    Conspiracy to Possess with the Intent to Distribute Methamphetamine

    Conspiracy to Possess with the Intent to Distribute Fentanyl

    97 months (8 years)

    3 years supervised release

    Jordan Wilson, 41

    Evansville, IN

    Conspiracy to Possess with the Intent to Distribute Methamphetamine

    Conspiracy to Possess with the Intent to Distribute Fentanyl

    Felon in Possession of a Firearm

    216 months (15.7 years)

    5 years supervised release

    Timothy Rice, 35

    Evansville, IN

    		 Conspiracy to Possess with the Intent to Distribute Methamphetamine

    204 months (17 years)

    5 years supervised release

    Archilles Johnson, 40

    Evansville, IN

    		 Conspiracy to Distribute Methamphetamine

    180 months (15 years)

    5 years supervised release

    Deonte Howard, 36

    Evansville, IN

    		 Conspiracy to Distribute Methamphetamine

    180 months (15 years)

    5 years supervised release

    Julie Hunt, 37

    Petersburg, IN

    Conspiracy to Possess with the Intent to Distribute Methamphetamine

    Conspiracy to Possess with the Intent to Distribute Fentanyl

    60 months (5 years)

    3 years supervised release

    Torrance Mimms, 34

    Evansville, IN

    		 Conspiracy to Possess with the Intent to Distribute Methamphetamine

    180 months (15 years)

    5 years supervised release

    Keisha Jewell, 40

    Princeton, IN

    Conspiracy to Possess with the Intent to Distribute Methamphetamine

    Conspiracy to Possess with the Intent to Distribute Fentanyl

    108 years (9 years)

    3 years supervised release

    Davion Hays, 38

    Evansville, IN

    		 Conspiracy to Distribute Methamphetamine

    144 months (12 years)

    5 years supervised release

    Jason Mitchell, 43

    Henderson, KY

    		 Conspiracy to Distribute Methamphetamine

    204 months (17 years)

    5 years supervised release

    Denny Taylor, 49

    Princeton, IN

    		 Conspiracy to Distribute Methamphetamine

    180 months (15 years)

    5 years supervised release

    Aaron Hardiman, 42

    Princeton, IN

    		 Conspiracy to Distribute Fentanyl

    120 months (10 years)

    5 years supervised release

    Roman Wills, 43

    Evansville, IN

    		 Conspiracy to Distribute Methamphetamine

    180 months (15 years)

    5 years supervised release

    Michael Sanders, 48

    Owensboro, KY

    		 Conspiracy to Possess with the Intent to Distribute Methamphetamine

    168 months (14 years)

    5 years supervised release

    Gregory Snyder, 62

    Evansville, IN

    		 Conspiracy to Distribute Methamphetamine

    36 months (3 years)

    4 years supervised release

    Joshua Gahagan, 41

    Evansville, IN

    		 Conspiracy to Distribute Methamphetamine

    180 months (15 years)

    5 years supervised release

    Gregory Markey, 35

    Indianapolis, IN

    		 Conspiracy to Possess with the Intent to Distribute Fentanyl

    168 months (14 years)

    5 years supervised release

    L.C. Moore, II, 31

    Indianapolis, IN

    		 Conspiracy to Possess with the Intent to Distribute Fentanyl

    120 months (5 years)

    5 years supervised release

    Dominique Baquet, 31

    Indianapolis, IN

    		 Obstruction of Commerce by Robbery

    57 months (4.7 years)

    3 years supervised release

    Antonio DeJarnett, 36

    Evansville, IN

    		 Conspiracy to Distribute Methamphetamine

    264 months (22 years)

    5 years supervised release

    Ryan Pinkston, 42

    Evansville, IN

    Conspiracy to Possess with the Intent to Distribute Methamphetamine

    Felon in Possession of Ammunition

    240 months (20 years)

    5 years supervised release

    Robert Embry, 46

    Evansville, IN

    		 Conspiracy to Possess with the Intent to Distribute Methamphetamine

    60 months (5 years)

    5 years supervised release

    Becky Edwards, 39

    Evansville, IN

    		 Conspiracy to Possess with the Intent to Distribute Methamphetamine

    120 months (10 years)

    5 years supervised release

    Edward Meredith, 59

    Evansville, IN

    		 Conspiracy to Possess with the Intent to Distribute Methamphetamine

    120 months (10 years)

    5 years supervised release

    Joshua Wilson, 33

    Evansville, IN

    		 Use of a Communication Facility with the Intent to Commit or Facilitate the Distribution of Methamphetamine

    30 months (2.5 years)

    No supervised release

    Tabitha Seabeck, 32

    Henderson, KY

    		 Conspiracy to Possess with the Intent to Distribute Methamphetamine

    180 months (15 years)

    5 years supervised release

    Zachary Addison, 42

    Evansville, IN

    Conspiracy to Possess with the Intent to Distribute Methamphetamine

    Felon in Possession of a Firearm

    300 months (25 years)

    5 years supervised release

    “The members of this conspiracy will spend decades in federal prison for pumping pounds of methamphetamine and fentanyl onto our streets,” said John E. Childress, Acting United States Attorney for the Southern District of Indiana. “Drug use devastates so many families and kills hundreds of Hoosiers every year. That’s why we will work with our federal, state, and local law enforcement partners to dismantle armed organizations trafficking in deadly drugs. The sentences imposed in this case demonstrate our continued commitment to protecting the public from these dangerous criminals.”

    “Dismantling a major drug trafficking organization that was responsible for distributing multi-hundred-pound quantities of methamphetamine and kilogram quantities of fentanyl onto the streets of Indiana was a big win for law enforcement. Because of the exceptional collaborative efforts by law enforcement, we were able to achieve this remarkable outcome,” said DEA Assistant Special Agent in Charge, Michael Gannon. “This investigation was a wonderful victory for all Hoosiers and sends a crystal-clear message to major drug dealers we will continue working together with our partners to dismantle their illicit operations.”   

    “This sentencing is a significant victory in the relentless fight against the trafficking of deadly drugs and underscores the FBI’s commitment to pursue those who wreak havoc on our communities through their illegal drug trade,” said FBI Indianapolis Special Agent in Charge Herbert J. Stapleton. “The FBI will continue to work with our law enforcement partners to ensure those who endanger public safety and contribute to this crisis are held accountable.”

    “I would like to thank the dedicated Evansville Police Officers and Vanderburgh County Sheriff’s Office Deputies as well as our federal partners in the DEA and US Attorney’s Office for their roles in getting these individuals off our streets. The manufacturing and distribution of methamphetamine and fentanyl have brought death and destruction to our communities and have done irreversible damage to families in the worst way possible. This community will not tolerate that kind of behavior and illegal activity, and we will use every resource available to us to stop it and put dealers behind bars.”

    This case was investigated by the Drug Enforcement Administration’s Evansville Resident Office, with the FBI, Bureau of Alcohol, Tobacco, Firearms and Explosives, Evansville Vanderburgh County Joint Task Force, DEA Indianapolis and Indianapolis Metro Drug Task Force providing valuable assistance. The sentenced were imposed by U.S. District Court Judge Matthew P. Brookman.

    Acting U.S. Attorney John E. Childress thanked Assistant United States Attorneys Lauren Wheatley and Jeremy Kemper, who prosecuted this case. 

    According to the Drug Enforcement Administration, as little as two milligrams of fentanyl can be fatal, depending on a person’s body size, tolerance, and past usage—a tiny amount that can fit on the tip of a pencil. Seven out of ten illegal fentanyl tablets seized from U.S. streets and analyzed by the DEA have been found to contain a potentially lethal dose of the drug.

    One Pill Can Kill: Avoid pills bought on the street because One Pill Can Kill. Fentanyl has now become the leading cause of death for adults in the United States. Fentanyl is a highly potent opioid that drug dealers dilute with cutting agents to make counterfeit prescription pills that appear to be Oxycodone, Percocet, Xanax, and other drugs. Fake prescription pills laced with fentanyl are usually shaped and colored to look like pills sold at pharmacies. For example, fake prescription pills known as “M30s” imitate Oxycodone obtained from a pharmacy, but when sold on the street the pills routinely contain fentanyl. These pills are usually round tablets and often light blue in color, though they may be in different shapes and a rainbow of colors. They often have “M” and “30” imprinted on opposite sides of the pill. Do not take these or any other pills bought on the street – they are routinely fake and poisonous, and you won’t know until it’s too late.

    ###

    MIL Security OSI –

  • MIL-OSI Russia: Financial news: On holding auctions on February 5, 2025 to place OFZ issues No. 26228RMFS and No. 26246RMFS

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    For bidders

    We inform you that, based on the letter of the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of Moscow Exchange PJSC, the order establishes the form, time, term and procedure for holding auctions for the placement and trading of the following federal loan bonds:

    1.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security federal loan bonds with constant coupon income
    State registration number of the issue 26228RMFS from 22.04.2019
    Date of the auction 05 February 2025
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code SU2228RMFS5
    ISIN code RO000A100A82
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 12:00 – 12:30; bid execution period: 13:00 – 18:00.

    2.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security federal loan bonds with constant coupon income
    State registration number of the issue 26246RMFS from 08.05.2024
    Date of the auction 05 February 2025
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code CO26246RMFS7
    ISIN code RO000A108E1
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.Mom/NN77377

    MIL OSI Russia News –

  • MIL-OSI: Sunlight Solutions Strengthens Offerings with New Property and Casualty Focused Division

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) — Sunlight Solutions, a cloud-native provider of core administration technology and innovative Insurtech services, announces Sunlight P&C, a Property and Casualty focused division – a move underscoring the company’s continued dedication to addressing the evolving needs of the insurance industry. This strategic realignment is aimed at delivering specialized solutions that cater to the unique challenges faced by P&C carriers, MGAs, and Brokers.

    “The needs of P&C insurers are continually evolving. We’ve found that focusing on specific markets allows us to move fast and adapt to what our clients need,” said Didier Lamour, CEO. “The creation of a business unit to solely focus on P&C is the next step in our journey to build customer focus into Sunlight Solutions.”

    Leading this new division is John Morey, who has over 15 years of experience in product development, marketing, and business development and has a proven track record of driving innovation and growth. John stated, “I am excited to lead the expanded P&C-focused effort at Sunlight. The P&C market has been a key area of success for Sunlight since its inception. This new structure will enable us to explore the market further and provide even more value to our clients.”

    The establishment of Sunlight P&C represents a significant milestone in Sunlight Solutions’ growth trajectory. By concentrating resources on this specific segment, the company aims to leverage its expertise and innovative technology to offer tailored solutions that bolster the efficiency and effectiveness of P&C insurers.

    For more information about Sunlight Solutions and its new Property and Casualty focused division, please visit www.sunlightsolutions.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f655ec7b-304a-4c27-8ca8-5f40549cb112

    The MIL Network –

  • MIL-OSI: ITS Logistics Distribution + Fulfillment Q1 Index: US Warehouse Rent Hikes Signal Industry Response to Evolving Market Dynamics

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., Feb. 04, 2025 (GLOBE NEWSWIRE) — ITS Logistics today released the Q1 ITS Logistics US Distribution and Fulfillment Index, Powered by Cresa. This quarter the index reveals that warehousing costs are estimated to account for 13% of the total supply chain expenses, while last-mile delivery holds the largest share at 41% of the total supply chain costs.

    “The 1.03% increase in the Producer Price Index (PPI) for warehousing and storage services from August 2024 to December 2024 reflects a modest upward trend in the costs associated with these services,” said Ryan Martin, President of Distribution and Fulfillment for ITS Logistics. “This increase could be attributed to several factors, including seasonal demand fluctuations, inflationary pressures, or higher operating costs such as labor, energy, or real estate expenses.”  

    According to a recent Wall Street Journal article, developers have slowed down on the construction of new buildings, which has constrained the new space that’s available. In addition, an increase in pricing has occurred. Cushman & Wakefield also reported that about 426 million square feet of new warehouse space was established last year. That number was down 31% from a year earlier. Average asking rent across the U.S. also rose to $10.13 per square foot in the fourth quarter, which was a 4.5% increase from 2023 and a 61% increase from the fourth quarter in 2019.

    “From a business perspective, this rise suggests that providers of warehousing and storage services are adjusting their prices in response to market conditions or cost structures,” continued Martin. “For customers, this highlights the importance of strategic planning and potential renegotiation of contracts to mitigate cost impacts. For service providers, the consistent increase reinforces the need to maintain competitive service quality while managing operational efficiency.”

    This growth suggests a stabilization and slight rebound in warehousing costs after the earlier declines observed in Q3.

    ITS Logistics offers a full suite of network transportation solutions across North America and omnichannel distribution and fulfillment services to 95% of the U.S. population within two days. These services include drayage and intermodal in 22 coastal ports and 30 rail ramps, a full suite of asset and asset-lite transportation solutions, omnichannel distribution and fulfillment, and outbound small parcel.

    The ITS Logistics US Distribution and Fulfillment Index tracks the Producer Price Index (PPI) for Warehousing and Storage and offers a regional markets overview to optimize warehousing and delivery costs. All major markets in the US are highlighted each quarter via the Index. Visit here for a full, comprehensive copy of the index with expected forecasts for the US distribution and fulfillment sector of the supply chain industry.

    About ITS Logistics
    ITS Logistics is one of North America’s fastest-growing, asset-based modern 3PLs, providing solutions for the industry’s most complicated supply chain challenges. With a people-first culture committed to excellence, the company relentlessly strives to deliver unmatched value through best-in-class service, expertise, and innovation. The ITS Logistics portfolio features North America’s #19 asset-lite freight brokerage, the #12 drayage and intermodal solution, a top 50 dedicated fleet, an innovative cloud-based technology ecosystem, and a nationwide distribution and fulfillment network.

    Media Contact
    Amber Good
    LeadCoverage
    amber@leadcoverage.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd2ba35e-0a18-4ba8-afac-c64240e9f5a1

    The MIL Network –

  • MIL-OSI: Willis appoints Mike Giacobbe as Client Strategy Leader, Corporate Risk & Broking, North America

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) — Willis, a WTW business, (NASDAQ: WTW), today announced the appointment of Mike Giacobbe as Client Strategy Leader for Corporate Risk & Broking, North America. Giacobbe will report to Adam Garrard, Chairman, Global Risk & Broking.

    In this new role, Giacobbe will drive an integrated value proposition that brings consistent service across client segments, ensuring every client gets the right, relevant service and expertise for their specific needs. Giacobbe will also focus on maximizing the use of Willis consulting capabilities and analytics tools, working closely with the Risk and Analytics team, tailoring them for clients across North America, whatever their size, industry, location and purchasing patterns.

    Giacobbe joins Willis from Marsh, where he was most recently U.S. and Canada Leader of Marsh Advisory, focused on the company’s consulting, analytics and claims advisory capabilities. He was previously Global Head of Data, Analytics & Consulting at JLT, before JLT’s acquisition by Marsh. Before that, Giacobbe was at Aon, where he was latterly Managing Director, Broking, at Aon Risk Solutions after holding leadership positions in Aon’s consulting group. 

    Located in Chicago, Giacobbe holds a doctorate in Nuclear Engineering from the University of Illinois. He will join Willis in Q2 2025.  

    Adam Garrard, Chairman, Global Risk & Broking, commented:

    “We are delighted to have Mike join Willis in this important new role. Ensuring consistency of client service and tailoring our consulting capabilities and analytics tools to the needs of every client, regardless of size, industry, location or purchasing patterns, will distinguish Willis in the North America marketplace.”

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

    Learn more at wtwco.com.

    Media contacts
    Douglas Menelly
    Douglas.Menelly@wtwco.com +1 (516) 972 0380

    The MIL Network –

  • MIL-OSI Africa: The International Islamic Trade Finance Corporation (ITFC) Signs $1.5 Billion Annual Program with Egypt, Expanding Support for Energy, Food Security, Small and Medium Enterprises (SMEs), and Exporters

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

    CAIRO, Egypt, February 4, 2025/APO Group/ —

    The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, today announced the signing of its 2025 annual work program with the Arab Republic of Egypt, valued at $1.5 billion.

    This agreement is part of a five-year framework, totaling $6 billion, aimed at enhancing Egypt’s growth across critical sectors including energy, food security, and small and medium-sized enterprises (SMEs). The initiative is designed to boost Egypt’s economic development, support exporters, and create job opportunities for youth and women. This agreement, worth $1.5 billion, is part of the broader framework agreement between the two parties, valued at $6 billion over five years. The program is designed to support key sectors of the Egyptian economy, including energy, food security, and the empowerment of small and medium enterprises (SMEs), in line with Egypt’s goals for sustainable economic development and growth.

    The signing ceremony, held in Cairo, was attended by key officials including His Excellency Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Affairs and Minister of Industry and Transport; Her Excellency Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, and Governor of Egypt at the Islamic Development Bank; and His Excellency Dr. Sherif Farouk, Minister of Supply and Internal Trade. The agreement was signed by Eng. Hani Salem Sonbol, CEO of ITFC and Acting CEO of ICD; Mr. Hossam El-Garrahi, Vice Chairman of the General Authority for Supply Commodities; and Mrs. Amal Tantawy, Executive Vice President for Financial and Economic Affairs at the Egyptian General Petroleum Corporation. ITFC’s 2025 program for Egypt includes trade finance operations to support the energy and food security sectors, as well as SMEs, with a focus on projects benefiting the Egyptian General Petroleum Corporation and the General Authority for Supply Commodities. The program also encompasses a wide range of initiatives to promote trade and business development, including the Arab African Trade Bridges (AATB) Program, the second phase of the Aid for Trade Initiative for Arab Countries (AfTIAS 2.0), and a comprehensive suite of programs designed to support Egyptian exporters and SMEs. Additionally, ITFC will continue its efforts to support women and youth through specific empowerment initiatives and technical training programs.

    Since 2008, ITFC has committed over $18.7 billion to Egypt, financing key sectors such as energy, food security, and supporting SMEs and women entrepreneurs. This agreement underscores ITFC’s ongoing role as a key partner in Egypt’s economic development, leveraging its expertise in trade finance to empower vital sectors and foster inclusive growth.

    Engineer Kamel El-Wazir, the Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, said: “Today, through this partnership, we reaffirm our commitment to developing these vital sectors, ensuring the improvement of transportation infrastructure, updating the industrial sector, and enhancing its competitiveness. ITFC has proven, over the years, its vital role in supporting member countries of the Organization of Islamic Cooperation (OIC) by offering innovative financial solutions and supporting developmental projects that contribute to stimulating economic growth and creating job opportunities.” He added: “The signing of today’s annual work program represents a strategic step that strengthens our partnership and opens new horizons for cooperation in infrastructure projects, manufacturing, and logistics services.”

    Dr. Sherif Farouk, Minister of Supply and Internal Trade, said: “The allocation of $700 million from the ITFC to the General Authority for Supply Commodities, within the framework of the institution’s annual program for 2025, reflects the institution’s commitment to supporting government efforts aimed at achieving food security and fulfilling the state’s obligations towards its citizens.” He added: “The cooperation with the ITFC has not only been a financial commitment, but also a main pillar in the state’s efforts to secure its strategic needs of basic goods, enhance the Ministry of Supply and Internal Trade’s capacity to face emergency challenges, and ensure market stability. This confirms that this partnership represents a true foundation for supporting food security and ensuring sustainability in the supply of basic goods, which positively impacts the life of the Egyptian citizen.”

    H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, and Egypt’s Governor at the Islamic Development Bank, stated that the signing of the annual work program with ITFC represents a new step in the successful development partnership with the Islamic Development Bank (IsDB) Group in general, and the International Islamic Trade Finance Corporation (ITFC) in particular, which has contributed over 17 years to supporting the provision of strategic goods in the Egyptian market. She explained that the institution’s work program for 2025 aims to support food security and provide petroleum to the Egyptian General Petroleum Corporation in a way that enhances the availability of petroleum products and energy in the Egyptian market. This partnership also strengthens ongoing programs to encourage exporters and enable them to access foreign markets, as well as enhance efforts in training and developing small and medium-sized enterprises.

    The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group, dedicated to facilitating trade in its member countries through the provision of financing solutions and technical support. ITFC’s mission is to support sustainable economic development by empowering businesses, particularly SMEs, women, and youth, through trade finance and capacity-building initiatives.

    Eng. Hani Salem Sonbol, CEO of ITFC, expressed his pride in the longstanding partnership with Egypt, stating: “ITFC is committed to working with Egypt to drive sustainable economic growth. We are excited to expand our support for SMEs, women, and youth, while continuing to foster Egypt’s export capabilities. In 2025, we will introduce new initiatives that aim to empower these vital groups, creating lasting impact for Egypt’s economy.”

    MIL OSI Africa –

  • MIL-OSI Canada: Diversifying Trade Partners, Promoting Nova Scotian Seafood in Europe

    Source: Government of Canada regional news

    Fisheries and Aquaculture Minister Kent Smith is in Europe on a mission with Nova Scotian and other Atlantic Canadian seafood companies to develop markets in Italy, France and the United Kingdom.

    “It has never been more important to showcase our premium quality seafood on the world stage,” said Minister Smith. “With the continued uncertainty from the United States, it’s more important than ever that we ramp up our efforts to help Nova Scotian companies expand into new markets.”

    The focus of the mission is on diversifying markets by introducing Atlantic Canadian seafood companies to new European buyers.

    The delegation includes six Nova Scotian companies and eight others from across Atlantic Canada. Along with meeting with potential new buyers, the Minister and his team will meet with Canadian embassy officials, Canadian trade commissioners, local government representatives and trade associations in the countries they visit.

    Quick Facts:
    • the Nova Scotia seafood export market is valued at $2.5 billon annually
    • participating Atlantic Canadian companies include: Lobster Hub Inc., Louisbourg Seafoods Ltd., Victoria Co-Operative Fisheries Ltd., Tribune Seafood Inc., Gidney Fisheries Ltd., Clearwater Seafoods Ltd., Ocean Blue Fisheries Ltd., DCAM Holdings Inc., One Tuna Inc., PEI Mussel King (1994) Inc; Labrador Gem Seafood Inc., Ocean Choice International, Whitecap Int. Seafood Exporters Inc., and True North Seafood Inc.

    MIL OSI Canada News –

  • MIL-OSI USA: Ghana Armed Forces, US Army launch first strategic communication workshop

    Source: United States Army

    Members of the Ghana Armed Forces and U.S. Army Southern European Task Force, Africa (SETAF-AF) personnel pose for a group photo outside the Dohazari Auditorium in Accra, Ghana, on Jan. 31, 2025. The exchange signifies the ongoing partnership and collaboration between the two forces, aimed at enhancing military cooperation and joint operations.(Photo courtesy of Ghana Armed Forces) (Photo Credit: Courtesy) VIEW ORIGINAL

    Back to

    U.S. Army Southern European Task Force, Africa

    ACCRA, Ghana – The Ghana Armed Forces (GAF) and U.S. Army Southern European Task Force, Africa (SETAF-AF), strengthened their partnership through a strategic communication and information warfare exchange at Burma Camp, Ghana, Jan. 28-31.

    The military exchange, part of a broader initiative to promote peace through strength, aimed to enhance both forces’ ability to navigate modern warfare, where information plays a critical role in operational success.

    “Working alongside the GAF this week is a unique and rewarding experience, as it fosters a deep sense of camaraderie and mutual respect,” said U.S. Army Lt. Col. Kevin Ong, SETAF-AF.

    “It’s not just about sharing tactics or best practices; it’s about learning from each other’s strengths and building lasting partnerships that transcend borders.”

    U.S. Army Lt. Col. Kevin Ong, left, U.S. Army Southern European Task Force, Africa (SETAF-AF), sits with Ghana Armed Forces Brig. Gen. Eric Aggrey-Quashie, director general at the Department of Public Relations, and U.S. Army Maj. Tyler Claus, SETAF-AF, during the opening ceremony at Dohazari Auditorium in Accra, Ghana, Jan 31, 2025. The exchange signifies the ongoing partnership and collaboration between the two forces, aimed at enhancing military cooperation and joint operations. (Photo courtesy of Ghana Armed Forces) (Photo Credit: Courtesy) VIEW ORIGINAL

    The exchange featured workshops and seminars on information operations, psychological operations and public affairs in both conflict and peacetime. Participants discussed techniques for countering misinformation, engaging with local communities and ensuring transparency to maintain public trust.

    The exchange also focused on capacity building, equipping forces with the skills needed to operate effectively in information warfare scenarios.

    GAF Brig. Gen. Eric Aggrey-Quashie, the director general at the Department of Public Relations, urged participants to take advantage of the exchange to enhance their technical and critical thinking skills in public relations and influence their awareness of managing and disseminating information to the public.

    Ghana Armed Forces Brig. Gen.l Eric Aggrey-Quashie, director general at the Department of Public Relations, gives opening remarks during the opening ceremony at Dohazari Auditorium in Accra, Ghana, Jan. 31, 2025. The exchange signifies the ongoing partnership and collaboration between the two forces, aimed at enhancing military cooperation and joint operations.(Photo courtesy of Ghana Armed Forces) (Photo Credit: Courtesy) VIEW ORIGINAL

    During the exchange, participants discussed past information operations, crisis communication simulations as well as integrating these lessons into daily military practices. Both sides emphasized the need to evolve military training to address unconventional threats, aligning with the philosophy of peace through strength.

    The concept of peace through strength was a key theme throughout the engagement. Leaders from both nations agreed that a strong, well-informed military presence could deter aggression while promoting stability.

    “Information warfare is an evolving battlefield, and our ability to control the narrative can shape the outcome of conflicts before they even begin,” said U.S. Army Reserve Staff Sgt. Kara Obrien, a team leader assigned to 321st Tactical Psychological Company, 13th Psychological Operations Battalion, 2nd Psychological Operations Group.

    “This exchange reinforces the importance of proactive communication strategies in maintaining stability and deterring misinformation.”

    U.S. Army Staff Sgt. Kara Obrien, a team leader assigned to the U.S Army Reserve 321st Tactical Psychological Company, 13th Psychological Operations Battalion, 2nd Psychological Operations Group, discusses best practices for key leader engagements at Dohazari Auditorium in Accra, Ghana, Jan. 31, 2025. The exchange signifies the ongoing partnership and collaboration between the two forces, aimed at enhancing military cooperation and joint operations. (Photo courtesy of Ghana Armed Forces) (Photo Credit: Courtesy) VIEW ORIGINAL

    This collaboration between GAF and SETAF-AF highlights a shared commitment to enhancing military readiness while fostering stability through strategic communication and capacity building. As modern conflicts increasingly revolve around the control and dissemination of information, initiatives like this play a pivotal role in maintaining peace and security.

    About SETAF-AF

    SETAF-AF prepares Army forces, executes crisis response, enables strategic competition, and strengthens partners to achieve U.S. Army Europe and Africa and U.S. Africa Command campaign objectives.

    Follow SETAF-AF on: Facebook, Twitter, Instagram, YouTube, LinkedIn & DVIDS

    MIL OSI USA News –

  • MIL-OSI Banking: Foreign Exchange and Liquidity and Monthly Balance Sheet, January 2025

    Source: Danmarks Nationalbank

    THE FOREIGN-EXCHANGE RESERVE

    In January 2025, the foreign-exchange reserve decreased by kr. 0.8 billion to kr. 653.7 billion. The decrease reflects Danmarks Nationalbank’s net sale of foreign exchange for kr. 2.9 billion, and the central government’s net borrowing of foreign debt for kr. 2.1 billion, cf. table 1.

    For settlement in January, Danmarks Nationalbank has not intervened in the foreign exchange market.

    Danmarks Nationalbank’s net foreign-exchange purchases and the change in the foreign-exchange reserve – table 1

    Kr. billion January 2025
    Danmarks Nationalbank’s interventions* to purchase foreign exchange, net 0.0
    Other** -2.9
    Danmarks Nationalbank’s net foreign-exchange purchases -2.9
    The central government’s net foreign borrowing*** 2.1
    Change in the foreign-exchange reserve -0.8

    Note: Details may not add because of rounding and previously published figure may have been revised. All transactions as per settlement date.

    ** Comprises e.g. interest accrued on the foreign-exchange reserve, the central government’s net payments in foreign exchange, and changes in the banks’ deposits in euro-denominated accounts at Danmarks Nationalbank.

    *** Including net payments to the central government in foreign exchange as a result of currency swaps.

    VALUE ADJUSTMENT OF DANMARKS NATIONALBANK’S PORTFOLIOS FOR 2024

    Danmarks Nationalbank has calculated annual value adjustments of its holdings in connection with the preparation of the annual report for 2024.

    As a result of value adjustments, etc. the foreign exchange reserve increased by kr. 20,4 billion and amounted to kr. 654.4 billion at end-2024. Similarly, holdings of domestic bonds have increased by kr. 0,6 billion and amount to kr. 33,8 billion at end-2024.

    The monthly balance sheet is a liquidity statement, the purpose of which is that the net liquidity changes of the monetary-policy instruments as well as of the size of the foreign exchange reserve can be read directly from the balance as changes during the period. Thus the monthly balance sheet does not include value adjustments or accruals, which are solely included in Danmarks Nationalbank’s annual report.

    DEVELOPMENT IN LIQUIDITY

    In January, the central government’s net financing requirement amounted to kr. 0.4 billion, cf. table 2.

    The net position of the banks and mortgage-credit institutes vis-à-vis Danmarks Nationalbank decreased by kr. 3.9 billion in January, to an outstanding amount of kr. 256.6 billion. In January, Danmarks Nationalbank’s net foreign-exchange purchases decreased the net position by kr. 2.9 billion.

    Impact of various factors on the net position of the banks and mortgage-credit institutes via-a-vis Danmarks Nationalbank – table 2

    Kr. billion January 2025
    The central government’s net financing 0.4
    Redemption on domestic central-government debt* 6.5
    Net bond purchases by the government funds and own portfolio and financing of social housing -2.4
    Other** 0.3
    The central government’s gross domestic financing requirement 4.9
    The central government’s gross domestic borrowing*** 7.5
    The central government’s liquidity impact -2.7
    Danmarks Nationalbank’s net foreign-exchange purchases -2.9
    Danmarks Nationalbank’s net bond purchases -0.2
    Other factors**** 1.9
    Change in net position -3.9

    Note: Details may not add because of rounding and previously published figure may have been revised. All transactions as per settlement date.

    * Including krone-denominated payments by the central government in currency swaps.

    ** Comprises, inter alia, net bond purchases by the government funds and net collateral for the government’s swap portfolio.

    *** Gross long-term borrowing, net short-term borrowing and krone-denominated payments to the central government in currency swaps.

    **** Comprises e.g. changes in banknotes and coins in circulation.

    DANMARKS NATIONALBANK’S INTEREST RATES

    Since 31 January 2025 the discount rate has been 2.35 pct. p.a., since 31 January 2025 the current-account interest rate has been 2.35 pct. p.a., since 31 January 2025 the lending rate has been 2.5 pct. p.a. and since 31 January 2025 the rate of interest on certificates of deposit has been 2.35 pct. p.a.

    Enquiries can be directed to press advisor Peter Levring on tel. +45 26201809.

    BALANCE SHEET OF DANMARKS NATIONALBANK 31 JANUARY 2025

    Assets 2025 2024
    1000 kr. 31/01 31/12
    Stock of gold 40,309,044 29,762,724
    Foreign assets 558,010,180 548,340,415
    Claims on the International Monetary Fund 58,714,478 57,525,170
    Claims related to banks’ and mortgage credit institutes’ TARGET accounts in ECB 30,579 42,982
    Monetary-policy lending – –
    Other lending 1,114,997 1,315,889
    – Banks’1) 1,114,997 1,315,889
    – Miscellaneous loans – –
    Domestic bonds 33,648,312 33,225,246
    Financial fixed assets, etc. 131,550 131,550
    Tangible and intangible fixed assets 716,825 653,764
    Other assets 5,138,110 3,022,031
    697,814,075 674,019,771

    1) Other lending to banks include loans for cash deposits.

    Liabilities 2025 2024
    1000 kr. 31/01 31/12
    Banknotes 46,956,721 48,243,034
    Coins 6,117,406 6,125,320
    Monetary-policy deposits 256,550,805 260,449,069
    – Current accounts 256,550,805 260,449,069
    – Certificates of deposit – –
    Other deposits 15,546,285 15,420,733
    – Deposits related to banks’ and mortgage credit institutes’ TARGET accounts in ECB 30,579 42,982
    – Other deposits from banks’ and mortgage credit institutes’ 1,437,503 1,241,319
    – Miscellaneous deposits 14,078,203 14,136,432
    Central government 216,526,715 211,734,874
    Foreign liabilities 3,382,533 1,599,927
    Counterpart of Special Drawing Rights allocated by the IMF (SDR) 45,039,776 43,743,945
    Other liabilities 23,986,854 2,995,889
    Capital and reserves 83,706,980 83,706,980
    697,814,075 674,019,771

    Note: The monthly balance sheet is calculated at beginning of year values +/- accumulated transaction values. The monthly balance does not include value adjustments and accruals, as these are only calculated at year-end, cf. Danmarks Nationalbank’s accounting principles.

    MIL OSI Global Banks –

  • MIL-OSI Russia: MFIs are preferable to banks – in December 2024, 70% of issued loans were microloans

    Translartion. Region: Russians Fedetion –

    Sours: Mainfin Bank –

    Why is the popularity of MFI services growing among Russians?

    Sharp increase in share microloans in the total volume of loans issued in Russia was already observed in 2020 and 2022 – against the backdrop of the crisis and sanctions. However, it was in December 2024 that the indicator became a record, which can be explained by several reasons:

    reduction in issuance volumes consumer loans by 11% – the market slowed down amid tight monetary policy; a reduction in issuance mortgage loans by almost 17%, which occurred due to the curtailment of programs with state support; strengthening the effect of regulation of the banking sector – the Central Bank of the Russian Federation has been trying to cool the overheated market in recent years; borrowers’ sensitivity banks to high interest rates – cost loans has always been higher, clients MFO practically did not notice any changes.

    “Banks do not want to lose clients, so they open “subsidiary” MFIs, where borrowers are offered products similar to those of banks. Medium-term loans are especially popular,” the expert said.

    The share of medium-term loans in microfinance organizations has increased by 15% over the year, while the conditions for such products are significantly worse than in banks, for example, the average annual rate reaches 284%.

    What awaits the microloan market in 2025?

    Analysts predict continued high demand for MFI services – the indicator will continue to grow against the backdrop of the regulator’s policy regarding the key rate. At the same time, no new records are expected, and the Bank of Russia, which is planning to reform the industry, is capable of cooling the microfinance market. Thus, the Central Bank of the Russian Federation is preparing to divide MFIs into three groups, establishing their own rules for issuing loans for each, and then introduce a rule allowing one borrower to conclude only one agreement.

    In 2025, the growth rate of the microfinance services market may slow down to 5%, as banks adapt to the new reality and attract clients to the unsecured loan segment. Getting a microloan will still be difficult: now, as before, the percentage of refusals on applications reaches 80%, and no company offers guaranteed approval, contrary to advertising.

    15:00 04.02.2025

    Source:

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //mainfin.ru/novosti/MFO-subjective-bank-bank-in-December-2024-year-formed-appropriate-cooled-on-microsyums

    MIL OSI Russia News –

  • MIL-OSI USA: Acting Chairman Mark T. Uyeda Announces Executive Staff and Other Appointments

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s executive staff, which will advise the Acting Chairman on matters before the Commission and work closely with SEC staff.

    • Gabriel Eckstein, Chief of Staff
    • Steven Levine, Deputy Chief of Staff
    • Holly Hunter-Ceci, Senior Advisor to the Acting Chairman
    • Charles Lee, Senior Advisor to the Acting Chairman
    • Jaime Marinaro, Senior Advisor to the Acting Chairman 
    • Kelsey Pristach, Senior Advisor to the Acting Chairman 
    • Peter Gimbrere, Managing Executive 
    • Andrew Vollmer, Counselor to the Acting Chairman 
    • Graham Conlan, Counsel to the Acting Chairman
    • David Marcinkus, Counsel to the Acting Chairman
    • Richard Gabbert, Senior Advisor to the Acting Chairman and Chief of Staff for the Crypto Task Force
    • Taylor Asher, Senior Policy Advisor to the Acting Chairman and Chief Policy Advisor for the Crypto Task Force
    • Landon Zinda, Counsel to the Acting Chairman and Senior Advisor to the Crypto Task Force
    • Letia Butler, Confidential Assistant
    • Sharon Freeman, Program Support Specialist
    • Malika Sullivan, Receptionist 

    In addition, Acting Chairman Uyeda announced these additional senior officer appointments:

    • Antonia Apps, Acting Deputy Director for the Division of Enforcement
    • Sebastian Gomez Abero, Acting Deputy Director (Legal and Regulatory Policy) for the Division of Corporation Finance

    MIL OSI USA News –

  • MIL-OSI: OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Resignation of Board Member

    Source: GlobeNewswire (MIL-OSI)

    Fort Lauderdale, FL, Feb. 04, 2025 (GLOBE NEWSWIRE) — Board member Martin Schmidt has informed the boards of OptimumBank (the “Bank”), and OptimumBank Holding, Inc. (the “Company”), that he will resign from both boards, effective January 28, 2025. Mr. Schmidt will remain fully supportive of the continued success of the Bank and Company.

    Mr. Schmidt resides in South Florida and has served as a Director since August 2015. Mr. Schmidt’s significant experience in the financial services industry helped the board to recover through regulatory issues as quickly as possible leaving the Bank with a strong capital structure, explosive growth and a bright future. Chairman Moishe Gubin commented: “It was a pleasure having Martin Schmidt on the Boards for nearly a decade. His insight and wisdom assisted the Bank and Company in innumerable ways and on a more personal note, I looked forward to his cheerful disposition during our monthly meetings. On behalf of myself and the Board of Directors I would like to thank Martin for his loyalty and contributions and wish him well in his future endeavors.”

    ‍About OptimumBank Holdings, Inc.

    OptimumBank Holdings, Inc. operates as the bank holding company for OptimumBank that provides a range of consumer and commercial banking services to individuals and businesses.

    The company accepts demand interest-bearing and noninterest-bearing savings, money market, NOW and time deposit accounts, as well as certificates of deposit; and offers residential and commercial real estate, commercial, and consumer loans, as well as lending lines for working capital needs. It also provides debit and ATM cards; investment, cash management, and notary and night depository services; and direct deposits, money orders, cashier’s checks, domestic collections, drive-in tellers, and banking by mail, as well as Internet banking services. In addition, the company engages in holding, managing, and disposal of foreclosed real estate. It operates through banking offices located in Broward County, Florida. OptimumBank Holdings, Inc. was founded in 2000 and is based in Fort Lauderdale, Florida.

    Safe Harbor Statement:

    This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our limited operating history, managing our expected growth, risks associated with integration of acquired websites, possible inadvertent infringement of third-party intellectual property rights, our ability to effectively compete, our acquisition strategy, and a limited public market for our common stock, among other risks. OptimumBank Holdings, Inc.’s future results may also be impacted by other risk factors listed from time-to-time in its SEC filings. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward looking statements speak only as to the date they are made and OptimumBank Holdings, Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

    Investor Relations & Corporate Relations

    Contact: Seth Denison
    Telephone: (305) 401-4140
    Email: SDenison@OptimumBank.com

    The MIL Network –

  • MIL-OSI: Canadian Large Cap Leaders Split Corp. Completes Preferred Share Private Placement

    Source: GlobeNewswire (MIL-OSI)

    [Not for distribution to U.S. newswire services or for dissemination in the United States.]

    TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) — (TSX: NPS, NPS.PR.A) – Canadian Large Cap Leaders Split Corp. (the “Company”) is pleased to announce that it has completed the previously announced private placement of its preferred shares for aggregate gross proceeds of approximately $2.5 million (the “Private Placement”). Pursuant to the Private Placement, 235,000 preferred shares were offered to investors at a price of $10.65 per preferred share.

    The Company’s previously announced split of its Class A shares (the “Share Split”) will be effected at the close of business today. Following the Share Split, there will be approximately 1,795,547 Class A shares and 1,796,353 preferred shares outstanding. DBRS has confirmed that the rating of the preferred shares will continue to be Pfd-3 (high) following the completion of the Share Split.

    The Company invests, on an approximately equally-weighted basis, in a portfolio comprised primarily of equity securities of Canadian Dividend Growth Companies (as defined below), selected by the portfolio manager, that at the time of investment and immediately following each periodic reconstitution and rebalancing: (i) are listed on a Canadian exchange; (ii) pay a dividend; (iii) generally have a market capitalization of at least $10 billion; (iv) have options in respect of its equity securities that, in the opinion of the portfolio manager, are sufficiently liquid to permit the portfolio manager to write options in respect of such securities; and (v) have a history of dividend growth or, in the portfolio manager’s view have high potential for future dividend growth (“Canadian Dividend Growth Companies”).

    About Ninepoint Partners LP

    Ninepoint Partners LP is the Manager, Portfolio Manager and Promoter of the Company and provides all administrative services required by the Company. Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at 416.362.7172 or 1.888.362.7172 or invest@ninepoint.com.

    You will usually pay brokerage fees to your dealer if you purchase or sell shares of investment funds on the TSX or another alternative Canadian trading system (an “exchange”). If shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.

    There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Company in the public filings available at www.sedarplus.ca. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the Company, to the future outlook of the Company and anticipated events or results and may include statements regarding the future financial performance of the Company. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

    The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

    The MIL Network –

  • MIL-OSI USA: Murphy, Blumenthal, Hayes, DeLauro, Larson, Himes Urge Immediate Reversal Of EPA’s Illegal Efforts To Withold Toxic Clean Up Funding From Naugatuck Valley

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    February 03, 2025

    HARTFORD—U.S. Senators Chris Murphy (D-Conn.) and Richard Blumenthal (D-Conn.) and U.S. Representatives John Larson (D-Conn.-01), Rosa DeLauro (D-Conn.-03), Jim Himes (D-Conn.-04), and Jahana Hayes (D-Conn-05), on Monday wrote a letter to President Donald Trump urging the immediate reversal of the U.S. Environmental Protection Agency’s (EPA) suspension of $8.6 million in federal funding for the Naugatuck Valley Council of Governments (NVCOG).
    “We are deeply concerned about the Environmental Protection Agency’s (EPA) illegal efforts to withhold congressionally appropriated funding from our constituents, in response to the swath of Executive Orders you have issued since being sworn in,” the lawmakers wrote.
    “In Connecticut, we have heard from the Naugatuck Valley Council of Governments that their access to an open Fiscal Year 2022 Revolving Loan Fund grant was suspended by EPA. As of the afternoon of Wednesday, January 29, they were unable to access already promised funds through the federal portal – an $8.66 million balance. This grant provides vital funding to remediate brownfield sites, helping local communities conduct environmental clean-up. Cleaning up brownfields is one of the best investments the federal government can make in a community,” they continued. “We demand that you immediately rescind this order.”
    Last week, NVCOG’s access to their Fiscal Year 2022 Revolving Loan Fund grant was suspended with no notice. The grant provides vital funding to remediate brownfield sites, helping local communities conduct environmental clean-up that lead to vital private real estate development deals, housing initiatives, and regional economic revitalization efforts. With its suspension, municipalities and developers alike are left facing stalled projects, financial uncertainty, and scrambling to find alternative funding sources. This suspension will impact 13 projects across Naugatuck Valley.
    Last week, the Trump Administration announced a decision to freeze all federal grants, including those already approved by Congress and signed into law, through a memo from the U.S. Office of Management and Budget (OMB). The OMB memo was later rescinded, but the Trump Administration’s efforts to freeze funding persist while organizations across Connecticut report difficulty accessing federal funding. The President’s Executive Order on “Unleashing American Energy” directs all agencies to immediately pause the disbursement of funds appropriated through the Inflation Reduction Act and the Infrastructure Investment and Jobs Act.
    Full text of the letter is available HERE and below.
    Dear President Trump,
    We are deeply concerned about the Environmental Protection Agency’s (EPA) illegal efforts to withhold congressionally appropriated funding from our constituents, in response to the swath of Executive Orders you have issued since being sworn in. These executive orders to freeze funding, including “Unleashing American Energy,” are clearly unconstitutional and should be rescinded immediately.
    On January 27, 2025, your administration made the unconstitutional and unilateral decision to freeze all federal funding through a memorandum issued by the Office of Management and Budget (OMB). As a result, chaos and confusion halted payments to everything from veterans’ programs to Head Start to Medicaid. While the sweeping OMB memo has since been rescinded – after a federal court stepped in – many critical programs remain unable to access federal funding.
    In Connecticut, we have heard from the Naugatuck Valley Council of Governments that their access to an open Fiscal Year 2022 Revolving Loan Fund grant was suspended by EPA. As of the afternoon of Wednesday, January 29, they were unable to access already promised funds through the federal portal – an $8.66 million balance. This grant provides vital funding to remediate brownfield sites, helping local communities conduct environmental clean-up.
    Cleaning up brownfields is one of the best investments the federal government can make in a community. It is an investment that creates jobs and helps transform polluted land into economically viable and environmentally safe parcels that communities will use for years to come. Federal brownfield funding protects people’s health, incentivizes economic growth and development, and improves quality of life for all.
    We understand this funding is being withheld in accordance with Section 7 of the Executive Order on “Unleashing American Energy.” This section, titled “Terminating the Green New Deal,” directs all agencies to “immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022 (Public Law 117-169) or the Infrastructure Investment and Jobs Act (Public Law 117-58).”
    We demand that you immediately rescind this order.
    Sincerely,

    MIL OSI USA News –

  • MIL-OSI United Kingdom: The UK’s Department of Business and Trade assists British companies in Guatemala’s Infrastructure Trade Mission

    Source: United Kingdom – Executive Government & Departments

    On February 4-5, the Department of Business and Trade (DBT) organized an Infrastructure Trade Mission aimed at increasing UK’s private sector participation in Guatemalan projects.

    Seven UK infrastructure companies are participating in this two-day event which will allow them to meet with government, municipal and private sector representatives; with a focus on multiple areas, which are critical to improving Guatemala’s infrastructure delivery and sustainable development. 

    The visit aims to better understand the Guatemalan authorities’ plans for infrastructure projects delivery at national and municipal levels, including mobility, water sanitation, hospitals and private sector led construction. It also seeks to create business opportunities between local and the UK companies participating, these are: 

    1. Andrade Gutierrez (engineering and construction) 
    2. Arup (design, planning and engineering) 
    3. Biwater (water treatment and solutions) 
    4. Gleeds (construction consultancy) 
    5. JCB (construction machinery) 
    6. QGMI UK (engineering) 
    7. Steer (infrastructure consultancy) 

    Whilst in Guatemala, the delegation wants to explore opportunities presented by the country’s plans to improve its critical infrastructure, including updated legislation, the use of Private Public Partnerships and the desire to continue building the UK-Guatemala economic relationship. This highlights the British government’s commitment to opening new overseas markets for UK firms, driving up prosperity and deliver national renewal.   

    The UK is committed to supporting viable green enterprises which help to promote green recoveries in urban transport, renewable energy and water and sanitation to help countries across the world pursue green and sustainable growth and economic development. 

    To mark the visit, the British Ambassador to Guatemala, Juliana Correa, said: 

    I am delighted to welcome the visit of some of the leading UK infrastructure companies that will explore the great potential of Guatemala. President Arevalo has put infrastructure delivery as a priority for his administration, and the UK is a global leader in this sector. This is a great opportunity to provide a platform to develop key partnerships that are useful to create cities that lead economic and social development.

    Updates to this page

    Published 4 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Final Defendant Pleads Guilty in Roanoke Bank Robbery

    Source: Office of United States Attorneys

    ROANOKE, Va. – The third man involved in robbing the Carter Bank and Trust on Hershberger Road in Roanoke in June 2023, pled guilty recently in U.S. District Court in Roanoke for his role in the robbery.

    Tishawn Simpson, 25, of Roanoke, pled guilty last week to one count of bank robbery.

    According to court documents, on June 22, 2023, two masked men, Simpson and Demonte Belcher, entered the Carter Bank and Trust, one carrying a blue bank bag and the other carrying a green plastic bag and presented the teller with a note that stated “[l]ets make everything right you have least (sic) than 30 seconds to give me $50K or die got nothing to lose.” As a result of this threat, the men left the bank with $8,659 in cash, but left the demand note behind. Simpson was identified as a suspect when a DNA analysis revealed that he had contributed to a DNA profile that the FBI Laboratory had developed from one of the robber’s masks that law enforcement recovered.

    A third man, Ramel Abrams, did not physically enter the bank, however his fingerprints were found on the demand note and the clothing worn by both robbers was found inside of his apartment. Furthermore, location information obtained from Abrams’ phone records indicates that he was near Carter Bank & Trust just prior to the robbery.

    All three men have pled guilty for their roles in the robbery. In August, Belcher was sentenced to 37 months in federal prison and in December Abrams was sentenced to 30 months for his role in the robbery Simpson will be sentenced in May.

    Acting United States Attorney Zachary T. Lee Special Agent in Charge of the FBI’ s Richmond Division Stanley M. Meador, and Chief of the Roanoke City Police Department Scott Booth made the announcement.

    The Roanoke City Police Department and the Federal Bureau of Investigation are investigating the case and received assistance from the Star City Drug and Violent Crime Task Force, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Salem Police Department, and the Roanoke City Commonwealth’s Attorney’s Office.

    Assistant U.S. Attorneys Keith Parrella and M. Coleman Adams are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Temple Hills Man Found Guilty Of Arson Conspiracy Targeting Convenience Stores

    Source: Office of United States Attorneys

    Defendant Conspired with Other to Set the Stores on Fire, Robbed a Store, and Went Back Later to Steal Money from an ATM

    Greenbelt, Maryland – After a 5-day trial, a federal jury found Stephen Kennedy, 33, of Temple Hills, Maryland, guilty of conspiracy to commit arson, arson affecting interstate commerce, commercial robbery, using or carrying a firearm during and in relation to a crime of violence, carrying and explosive device during the commission of a felony, and being a felon in possession of a firearm.  The Defendant was found not guilty as to one count of arson affecting interstate commerce.

    The verdict was announced by Erek L. Barron, U.S. Attorney for the District of Maryland; Special Agent in Charge Toni M. Crosby of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Baltimore Field Division; Acting Maryland State Fire Marshal Jason M. Mowbray; St. Mary’s County Sheriff Steven A. Hall; Chief Malik Aziz of the Prince George’s County Police Department; and Chief Tiffany D. Green of the Prince George’s County Fire/EMS Department.

    According to the 8-count superseding indictment, from at least January 2021 to January 2022, Kennedy and other conspirators, including co-defendant Donnell Kelly, conspired to commit arsons at 7-Eleven convenience stores so that they could later steal cash contained in ATMs in the stores. Specifically, the indictment alleges that Kennedy and Kelly traveled to 7-Eleven locations while they were open for business and deployed explosive devices to set fire to the buildings, and on at least one occasion, demanded the contents of the cash register.  The defendants burned the stores to force their closure and shut off power to the security cameras, which enabled them to return to the unguarded locations to burglarize the ATMs.  This resulted in losses to the ATM company of at least $90,000. To conceal the evidence of their crimes, one of Kennedy’s co-conspirators made false police reports regarding stolen license plates.

    Kennedy faces a mandatory minimum sentence of five years and a maximum sentence of 20 years in federal prison for the arson conspiracy and for arson affecting interstate commerce; a maximum of 20 years in prison for commercial robbery; a mandatory minimum sentence of 30 years and up to life in federal prison for using a destructive device in furtherance of a crime of violence; a ten year sentence for carrying an explosive during the commission of another federal felony; and a maximum of 10 years in federal prison for being a felon in possession of a firearm.  Actual sentences for federal crimes are typically less than the maximum penalties.  A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors. Co-defendant Donnell Kelly pleaded guilty to conspiracy to commit arson and was sentenced to 10 years with supervised release for a term of 3 years, on October 2, 2024 before Judge Peter J. Messitte. U.S. District Judge Theodore D. Chuang has scheduled sentencing for Kennedy on May 30, 2025 at 2:30 p.m.

    This case is part of Project Safe Neighborhoods (“PSN”), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone.  On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    U.S. Attorney Barron commended the ATF’s Baltimore Field Division’s Arson & Explosive Investigations Group, the Office of the Maryland State Fire Marshal, the St. Mary’s County Sheriff’s Office, the Prince George’s County Fire/EMS Department, and the Prince George’s County Police Department for their work in the investigation and thanked the U.S. Attorney’s Office for the Eastern District of Virginia, the ATF Washington Field Division, the U.S. Marshals Service, and the Alexandria, Virginia Fire and Police Departments for their assistance.  Mr. Barron thanked Assistant U.S. Attorneys Joshua Rosenthal and Christopher Sarma, who are prosecuting the case.  

    For more information on the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, please visit www.justice.gov/usao-md and https://www.justice.gov/usao-md/community-outreach.

    # # #

     

    MIL Security OSI –

  • MIL-OSI: Trading Meets Luxury: Bybit Kazakhstan Brings Unmatched Prizes to Local Crypto Traders

    Source: GlobeNewswire (MIL-OSI)

    ALMATY, Kazakhstan, Feb. 04, 2025 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is redefining the way users join the crypto trading journey. In a new event from now until Feb. 28, 2025, Bybit.kz is offering Tesla Model 3, Rolex watches, popular cryptocurrencies, and Apple gadgets.

    The two-part event allows traders to start small for a chance to win big:

    1. New users may join the Sign Up, Deposit, and Win event with $100 or more in deposit. Successful participants who register on Bybit.kz, sign up for the event, and deposit at least $100, will automatically enter a Lucky Draw. Additionally, extra perks await for users who hit specific deposit milestones.
    2. All eligible users may take part in the Trade Your Way to Grand Prizes event, vying for top-tier prizes by meeting trading goals during the event period. Those who achieve the required trading volumes will be eligible for rewards like the Tesla Model 3, Rolex watches, and trending cryptocurrencies. The higher the stake, the better their chances of winning.

    “We’re excited to offer both the crypto community in Kazakhstan an opportunity to get onboard the Bybit trading journey,” said Joan Han, Sales and Marketing Director at Bybit. “This event is not only about rewards, but about bringing together a vibrant community of traders eager to make the most of their experience.”

    Since obtaining the license to operate in Kazakhstan in Sep. 2024, Bybit Kazakhstan has been fully committed to supporting Kazakhstan’s growing crypto and blockchain ecosystem. Bybit Kazakhstan’s launch marks a major step in bringing cutting-edge crypto solutions to the region, with the goal of empowering local traders, entrepreneurs, and institutions. As a global leader in digital assets, Bybit aims to foster a secure, transparent, and user-friendly trading environment that aligns with the regulatory framework and the values of the Kazakh market.

    Registration is required. For the full terms and conditions of the event, users may visit: Grand Start With Bybit Kazakhstan. 

    #Bybit / #TheCryptoArk

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

    For more details about Bybit, please visit Bybit Press

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

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

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

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/368796c7-1da2-4f89-8beb-45a0e3edce7c

    The MIL Network –