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Category: Business

  • MIL-OSI Global: Mark Carney might have the edge as potential Liberal leader, but still faces major obstacles

    Source: The Conversation – Canada – By Sam Routley, PhD Candidate, Political Science, Western University

    In the weeks following Prime Minister Justin Trudeau’s resignation announcement, the race to name his successor seems to have become a two-person contest between former Deputy Prime Minister Chrystia Freeland and Mark Carney, the former governor of the Bank of Canada and the Bank of England.

    As is the usual practice in leadership bids, each has sought to advance competing visions tied to their personal credentials and desirability as candidates.

    Emphasizing her extensive cabinet experience, for example, Freeland’s pitch has so far focused on the claim that she is best equipped to handle the “existential threat” posed by the second Donald Trump administration in the United States.

    In contrast, Carney has framed himself as a pragmatic outsider. To his supporters, his monetary management of both Brexit and the 2008 financial crisis shows he can effectively address Canada’s economic challenges while remaining above the apparent politicking, ideological excesses and questionable policy decisions of the Trudeau years.

    The importance of the ground game

    It’s difficult to say for certain who is most likely to prevail. Most polls suggest many Liberals are still undecided, although Carney and Freeland are at the same level of support among Canadian voters at large.

    The incredibly short timeline for the race — voters need to be registered as Liberals by the end of today to vote for a leader — does not provide enough time for discernible trends to emerge. Despite the focus on the personality of the candidates, the Liberal leadership will be won or lost on the basis of “ground-game” organization — that is, who can identify, register and mobilize the greatest number of supporters.

    At this point, however, it’s safe to say that Carney has an advantage. Compared to Freeland, he has secured the endorsements of most senior cabinet ministers, including Francois-Philippe Champagne, Melanie Joly, Steven Guilbeault, Harjit Sajjan and Jonathan Wilkinson. This provides not only legitimacy but, far more importantly, greater organizational prowess.

    Also important is the fact that, in an environment of anti-Trudeau sentiment, he has much more — though not complete — distance from the incumbent government. It’s difficult to see how Freeland, regardless of her experience, can effectively avoid associations with the consequences of the past or existing policies that she herself was instrumental in bringing about.

    Of course, Carney has his own challenges. He will likely have to clarify his relationship with the departing Trudeau government. Since 2020, the precise nature of his role as an informal policy adviser to the prime minister — including as the chair of a task force on economic growth — remains a mystery.

    And for all of his emphasis on the importance of good policy, the substance of his actual, announced policy proposals are thin, including an ambiguous stance on the carbon tax.

    Impressive resumé

    Nonetheless, Carney simply has far more flexibility and potential than the more rigid limitations of Freeland’s candidacy. When compared to Freeland, Carney’s pitch to Canadians seems, at least on paper, to be a much smarter response to Pierre Poilievre’s Conservatives.

    His impressive resumé has the potential to be a strong, substantive contrast to the sloganeering that has so far been offered by the Conservatives. Carney could represent a reasonable alternative to voters who, while desiring change, aren’t sold on Poilievre.

    But can Carney really reverse the fortunes of the Liberal Party? Although the next leader of the party is guaranteed to be Canada’s 24th prime minister, they face near Herculean odds in establishing a term that will last more than a couple of weeks due the near certainty of a non-confidence vote in Parliament after it resumes on March 24, 15 days after the Liberal convention.

    Poilievre’s Conservatives are well over 20 points ahead in public opinion polls as they benefit from an anti-incumbent sentiment that, although commonly expressed in a personal dislike for Trudeau, is really about a deeper discontent with Canada’s structural and economic challenges.

    And, unless the NDP reverses its refusal to support the government, a federal election is likely to be held by May.

    While Carney’s outsider status may inspire the Liberal faithful, his electoral performance is more likely to highlight the drawbacks of political inexperience. Although he has potential in terms of political skills, he may not have the time to realize that potential.

    Past Liberal leaders

    Historically, and to a greater degree than the Conservatives, the Liberals have been successful at recruiting leaders with accomplishments outside of partisan electoral politics.

    William Lyon Mackenzie King made his name in labour relations, while Lester B. Pearson had an incredibly successful career as a diplomat.

    Pierre Trudeau, furthermore, was not a supporter of the Liberal Party until 1965, becoming leader only three years after entering politics. In this vein, Carney — until this stage in his career a largely non-political and accomplished central banker — is a return to form.

    The difference, however, is that — with the exception of academic Michael Ignatieff in 2011 — each of these former leaders had some, albeit limited, experience. They may have been recruited for their potential as future prime ministerial candidates, but each accumulated the requisite political experience.

    Mackenzie King had served as labour minister under Wilfrid Laurier, and Pearson had been external affairs minister for nearly a decade. Pierre Trudeau’s rise to national prominence owed a large part to his provocative legislative reforms as Pearson’s attorney general.

    Carney, on the other hand, has never run for office nor made any public interjections into partisan conflicts.

    Special skill set

    Electoral politics requires a special skill set that, unless it comes naturally, can only be learned through experience. It requires a unique combination of policy aptitude, communication ability, emotional intelligence, coalition-building and raw instinct.

    Those qualities are honed with frequent exposure to voters, whether through stump speeches, stakeholder meetings or community barbecues. Carney simply does not have these experiences.

    And faced with an anti-incumbent mood, his administrative experience may be casting him not as an interesting outsider, but as a technocratic voice of the very economic, political and cultural elite who Canadians are upset with.

    Sam Routley 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. Mark Carney might have the edge as potential Liberal leader, but still faces major obstacles – https://theconversation.com/mark-carney-might-have-the-edge-as-potential-liberal-leader-but-still-faces-major-obstacles-247979

    MIL OSI – Global Reports –

    January 28, 2025
  • MIL-OSI Video: Is AI Disrupting The Labour Market? WEF 2025 Day 4 with @VarunMayya #Davos2025 #WorldEconomicForum

    Source: World Economic Forum (video statements)

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=_tsSaMl6pUo

    MIL OSI Video –

    January 28, 2025
  • MIL-OSI United Kingdom: expert reaction to study estimating future heat-related and cold-related deaths in Europe under climate change

    Source: United Kingdom – Executive Government & Departments

    January 27, 2025

    A study published in Nature Medicine estimates heat and cold related deaths in Europe as a result of climate change. 

    Dr Garyfallos Konstantinoudis, Lecturer at the Grantham Institute – Climate Change and the Environment, Imperial College London, said:

    Is this good quality research?  Are the conclusions backed up by solid data?

    “The study is of high quality, offering a thorough assessment of future scenarios regarding net changes in temperature-related mortality, factoring in various climate, demographic, and adaptation scenarios. Its conclusions are strongly supported by solid data. However, it’s important to note that the applicability of these results is primarily limited to European urban settings.”

    What does this study add to our understanding of heat/cold deaths after climate change? Was there doubt before now that on balance deaths would increase in Europe with warmer temperatures?

    “Previous estimates based on historical data have suggested that for every heat-related death, there are roughly 10 cold-related deaths. This raises important questions about the net impact of temperature changes due to anthropogenic climate change. This new study underscores a crucial point: without any adaptation to temperature, projections suggest that temperature-related deaths are likely to increase overall, with heat-related deaths surpassing cold-related ones. A related study in Europe also highlighted the significance of mitigation efforts in shaping this net effect, noting that in the most extreme scenarios, mitigation could lead to a positive outcome, balancing the impact of temperature change (https://www.thelancet.com/journals/lanplh/article/PIIS2542-5196(21)00150-9/fulltext).”

    What does the study tell us about excess heat deaths even under relatively optimistic scenarios?

    “In the most optimistic scenario—warming is kept below 2°C—while assuming no adaptation to heat, heat-related deaths are projected to outnumber cold-related deaths by 12 per 100,000 person years in 2050-2054. By the end of the century, this gap is expected to widen, with heat-related deaths potentially exceeding cold-related deaths by 50 per 100,000 person years.

    “It is clear a hotter world is a more dangerous world. With every fraction of a degree of warming, we will also face increased spread of mosquito-transmitted disease and more intense extreme weather, among other threats to human health.”

     

    Dr Luke Parsons, Applied Climate Modeling Scientist, Global Science, The Nature Conservancy, said:

    “I appreciate that this study used different temperature-mortality relationships for different age groups, because we know that different age groups in different locations can respond differently to temperature extremes.

    “Additionally, these researchers derived local temperature-mortality relationships and did not extrapolate spatially to grossly different geographies- for example, many studies have tried to estimate global temperature-related mortality changes under warming, but we these studies often lack data for most of Africa (outside of South Africa) and many other countries, so studies often have to make very broad assumptions about how people will react to temperatures  without concrete local health data to validate form relationships.

    “Despite these strengths, something I worry about that I didn’t see addressed in this paper:

    “As this study highlighted several years ago (https://iopscience.iop.org/article/10.1088/1748-9326/10/6/064016):

    “Heat waves are often associated with increases in deaths, but many studies also find increased deaths in cold times of year, concluding that cold season deaths are due to colder temperatures; therefore, as the globe warms and the cold season becomes warmer, we should see decreases in deaths. However, a variety of other factors could lead to cold-season deaths (such as respiratory infections during the cold season)- if we are indeed over-counting cold-season deaths and their potential reductions in a warmer world, the net impacts of increasing temperatures could result in even larger numbers of early deaths than studies like this estimate. However, we also don’t know how humans will react to the heat- as far as I can tell, these studies don’t take into account migration (for example, do people leave exceedingly hot areas in southern Europe in a warmer world?) or other possible factors- although they do try to account for potential adaptation.

    “Additionally, as the authors acknowledge, the health data are aggregated to the city level, and within cities, people can respond quite differently in disparate neighborhoods to temperature extremes depending on social networks, income, housing, and other factors. We have this problem with health data in the US often as well- to keep data anonymous, it is often aggregated, but then we lose really important local information about how more and less vulnerable areas within cities are being impacted by climate change.”

    Dr Matthew Maley, Lecturer in Environmental Ergonomics at Loughborough University, said:

    Is this good quality research?  Are the conclusions backed up by solid data?

    “The study should be commended for accounting for variations in demographics (i.e. age) whilst presenting various future climate change scenarios in various adaptation scenarios.”

    What does this study add to our understanding of heat/cold deaths after climate change? Was there doubt before now that on balance deaths would increase in Europe with warmer temperatures?

    “This study confirms a consistent trend of increasing heat-related deaths, particularly under high-warming scenarios. The study also extends what we know by including European regions not included in previous studies.”

    The study focuses on a relatively low mitigation and adaptation scenario – (SSP3-7.0) – can you comment on this?  How likely/unlikely is it considered to be?

    “It’s certainly a pessimistic scenario but one that could be our reality given current emission trajectories and failure to achieve our international climate change goals.”

    What does the study tell us about excess heat deaths even under relatively optimistic scenarios?

    “The more optimistic scenarios (SSP1-2.6 and SSP2-4.5) predict an increase in heat-related deaths, though to a lesser extent than SSP3-7.0. This emphasises that adaptation measures must accompany mitigation efforts to manage heat-related health impacts effectively.”

    The study suggests that a significant amount of these deaths could be reduced with adaptation. In the cities where the largest death tolls are predicted (Barcelona, Rome, Naples, Madrid, Milan, Athens), what kinds of adaptation measures would be most effective?

    “Effective adaptation measures for these Mediterranean cities could include:

    1. Increase green space to enhance urban ventilation and implement reflective building materials.
    2. Develop early warning systems akin to storm warning systems.
    3. Targeted interventions for vulnerable populations (e.g. older adults).
    4. Encourage behaviour change (e.g. advise to not go outdoors in peak temperatures).”

     

    Dr Christopher Callahan, Postdoctoral Scholar in Earth System Science, Stanford University, said:

    “This study is an impressive synthesis of heat- and cold-related mortality across Europe. While climate change may reduce cold-related deaths in winter, these results are unambiguous that increased heat-related mortality will outweigh these potential benefits, with an escalating death toll for every degree of global warming.

    “One limitation of this study is that their numbers only account for about 40% of the population of the countries analyzed. The total death toll of climate change in these countries is likely substantially greater than these numbers indicate.

    “One of the scenarios the authors examine is SSP3-7.0, which is a scenario of relatively high warming. While the most extreme emissions scenarios appear less likely today than previously, we should not discount the potential for very high levels of warming even given current climate policy. Many countries are on track to miss their stated emissions targets, and the rise of the second Trump administration in the United States may impede further progress on emissions reductions.”

     

    Dr Raquel Nunes, Assistant Professor in Health and Environment at the University of Warwick Medical School, said:

    “The findings of this study have serious implications for public health. As climate change leads to more extreme heat events, the number of heat-related deaths is expected to rise, putting additional pressure on healthcare systems. Vulnerable groups, such as older adults, those with chronic illnesses, and low-income communities, will be at the highest risk. Without strong adaptation measures, public health systems could struggle to cope with the increased demand for emergency services and hospital admissions.

    “To protect public health, governments and policymakers need to invest in early warning systems, public education campaigns, and infrastructure improvements to help individuals stay cool and safe. Health professionals must also be trained to recognise and respond to heat-related illnesses. Additionally, social policies that provide support for vulnerable populations, such as access to cooling centres and affordable healthcare, will be essential in reducing the impact of extreme temperatures.

    “This study highlights the urgent need for a coordinated public health response to climate change, focusing on prevention, preparedness, and adaptation to reduce future health risks. A significant proportion of current and future heat-related illnesses and deaths is preventable. What is essential now is the development and implementation of policies and actions aimed at minimising both morbidity and mortality.”

     

    Prof Tim Osborn, Director of the Climatic Research Unit, University of East Anglia (UEA), said:

    “Cold weather and hot weather kill tens of thousands of people across Europe every year. Climate change is bringing less severe cold weather but more frequent hot weather, but it isn’t yet known if that means more or fewer people will die from temperature-related deaths in future. The clear finding of this new research is that the net effect of climate change will be more temperature-related deaths in future. Put bluntly, the increase in hot weather will kill more people than the decrease in cold weather will save.”

    “While this new study isn’t the final say on the matter, and more research will certainly refine and could still change the overall prediction of future temperature-related deaths, it does break new ground by scrutinizing people’s vulnerability to extreme temperatures by age and by city to a much better level of detail than previous work. This extra level of detail ought to make the new study’s results more reliable.”

    “This study also confirms two more general features about climate change. First, the harm from climate change impacts people very unevenly (in this case, with far greater increases in temperature-related deaths predicted for southern Europe than for northern Europe, where milder winters may even reduce the number of deaths). Second, we can greatly reduce the harm from climate change by adaptation — making changes that increase our resilience to extreme weather — but these adaptations are far more successful if we also limit the amount of climate change that we are faced with by accelerating the move away from fossil fuels as our primary energy source.”

    Prof Simon Gosling, Professor of Climate Risks & Environmental Modelling at University of Nottingham, said:

    “This is a high quality study that uses established modelling methods. It shows an increase in the overall number of deaths from temperature due to future global warming could be avoided if society makes big adaptations to heat. However, we are talking about a really big level of adaptation here – a level where the risk of dying from the heat is half of what it is nowadays. The models aren’t specific about how such a high level of adaptation could be achieved in reality. The way that this might be seen in the real world is through a combination of societal adjustments – in our cities, our homes, public services and work environments. Examples include increasing the amount of green spaces in our cities to help keep them cool, providing cooling centres where people can get relief from the heat, changing our work environments and work policies so that people are at less risk from heat stress at work, and by ensuring the people most vulnerable to heat are cared for and protected. There are some great examples of how this is starting to happen, but it’s a challenge that society has to rise to and achieve at scale, because this study very clearly shows that without high levels of adaptation, we are looking at an overall increase in deaths due to temperature in the future. Reducing global warming is also really important – lowering greenhouse gas emissions will help to significantly lessen the blow on society if we don’t achieve the high levels of adaptation needed to avoid an increase in deaths in the future.”

     

    ‘Estimating future heat-related and cold-related mortality under climate change, demographic and adaptation scenarios in 854 European cities’ by Pierre Masselot et al. was published in Nature Medicine at 16:00 UK time on Monday 27 January 2025. 

    DOI: 10.1038/s41591-024-03452-2

    Declared interests

    Professor Tim Osborn: No interests to declare.

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom –

    January 28, 2025
  • MIL-OSI: Intermediate Capital Group plc: Notification of Major Holdings

    Source: GlobeNewswire (MIL-OSI)

    TR-1: Standard form for notification of major holdings

    1. Issuer Details
    ISIN
    GB00BYT1DJ19 
    Issuer Name
    INTERMEDIATE CAPITAL GROUP PLC
    UK or Non-UK Issuer
    UK
    2. Reason for Notification
    An acquisition or disposal of voting rights
    3. Details of person subject to the notification obligation
    Name
    BlackRock, Inc.
    City of registered office (if applicable)
    Wilmington
    Country of registered office (if applicable)
    USA
    4. Details of the shareholder
    Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

    City of registered office (if applicable)

    Country of registered office (if applicable)

    5. Date on which the threshold was crossed or reached
    24-Jan-2025
    6. Date on which Issuer notified
    27-Jan-2025
    7. Total positions of person(s) subject to the notification obligation

    . % of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer
    Resulting situation on the date on which threshold was crossed or reached 5.100000 0.290000 5.390000 15731231
    Position of previous notification (if applicable) 4.730000 0.380000 5.110000  

    8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
    8A. Voting rights attached to shares

    Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1)
    GB00BYT1DJ19   14840260   5.100000
    Sub Total 8.A 14840260 5.100000%

    8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

    Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights
    Securities Lending     22727 0.000000
    Sub Total 8.B1   22727 0.000000%

    8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

    Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights
    CFD     Cash 868244 0.290000
    Sub Total 8.B2   868244 0.290000%

    9. Information in relation to the person subject to the notification obligation
    2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

    Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
    BlackRock, Inc. (Chain 1) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 1) Trident Merger, LLC      
    BlackRock, Inc. (Chain 1) BlackRock Investment Management, LLC      
    BlackRock, Inc. (Chain 2) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 2) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 2) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 2) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 2) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 2) BlackRock Holdco 3, LLC      
    BlackRock, Inc. (Chain 2) BlackRock Cayman 1 LP      
    BlackRock, Inc. (Chain 2) BlackRock Cayman West Bay Finco Limited      
    BlackRock, Inc. (Chain 2) BlackRock Cayman West Bay IV Limited      
    BlackRock, Inc. (Chain 2) BlackRock Group Limited      
    BlackRock, Inc. (Chain 2) BlackRock Finance Europe Limited      
    BlackRock, Inc. (Chain 2) BlackRock Investment Management (UK) Limited      
    BlackRock, Inc. (Chain 3) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 3) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 3) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 3) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 3) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 3) BlackRock Australia Holdco Pty. Ltd.      
    BlackRock, Inc. (Chain 3) BlackRock Investment Management (Australia) Limited      
    BlackRock, Inc. (Chain 4) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 4) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 4) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 4) BlackRock Holdco 4, LLC      
    BlackRock, Inc. (Chain 4) BlackRock Holdco 6, LLC      
    BlackRock, Inc. (Chain 4) BlackRock Delaware Holdings Inc.      
    BlackRock, Inc. (Chain 4) BlackRock Institutional Trust Company, National Association      
    BlackRock, Inc. (Chain 5) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 5) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 5) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 5) BlackRock Holdco 4, LLC      
    BlackRock, Inc. (Chain 5) BlackRock Holdco 6, LLC      
    BlackRock, Inc. (Chain 5) BlackRock Delaware Holdings Inc.      
    BlackRock, Inc. (Chain 5) BlackRock Fund Advisors      
    BlackRock, Inc. (Chain 6) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 6) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 6) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 7) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 7) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 7) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 7) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 7) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 7) BlackRock (Singapore) Holdco Pte. Ltd.      
    BlackRock, Inc. (Chain 7) BlackRock HK Holdco Limited      
    BlackRock, Inc. (Chain 7) BlackRock Asset Management North Asia Limited      
    BlackRock, Inc. (Chain 8) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 8) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 8) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 8) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 8) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 8) BlackRock Holdco 3, LLC      
    BlackRock, Inc. (Chain 8) BlackRock Cayman 1 LP      
    BlackRock, Inc. (Chain 8) BlackRock Cayman West Bay Finco Limited      
    BlackRock, Inc. (Chain 8) BlackRock Cayman West Bay IV Limited      
    BlackRock, Inc. (Chain 8) BlackRock Group Limited      
    BlackRock, Inc. (Chain 8) BlackRock Finance Europe Limited      
    BlackRock, Inc. (Chain 8) BlackRock (Netherlands) B.V.      
    BlackRock, Inc. (Chain 8) BlackRock Asset Management Deutschland AG      
    BlackRock, Inc. (Chain 9) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 9) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 9) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 9) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 9) BlackRock Canada Holdings ULC      
    BlackRock, Inc. (Chain 9) BlackRock Asset Management Canada Limited      
    BlackRock, Inc. (Chain 10) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 10) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 10) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 10) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 10) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 10) BlackRock Holdco 3, LLC      
    BlackRock, Inc. (Chain 10) BlackRock Cayman 1 LP      
    BlackRock, Inc. (Chain 10) BlackRock Cayman West Bay Finco Limited      
    BlackRock, Inc. (Chain 10) BlackRock Cayman West Bay IV Limited      
    BlackRock, Inc. (Chain 10) BlackRock Group Limited      
    BlackRock, Inc. (Chain 10) BlackRock Finance Europe Limited      
    BlackRock, Inc. (Chain 10) BlackRock Advisors (UK) Limited      

    10. In case of proxy voting
    Name of the proxy holder

    The number and % of voting rights held

    The date until which the voting rights will be held

    11. Additional Information
    BlackRock Regulatory Threshold Reporting Team

    Jana Blumenstein

    020 7743 3650
    12. Date of Completion
    27th January 2025
    13. Place Of Completion
    12 Throgmorton Avenue, London, EC2N 2DL, U.K.

    The MIL Network –

    January 28, 2025
  • MIL-OSI: EBC Financial Group Partners with Shakti Regeneration Institute to Empower Marginalised Communities and Promote Indigenous Conservation Efforts

    Source: GlobeNewswire (MIL-OSI)

    RANAGHAT, India, Jan. 27, 2025 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), a leading global financial brokerage, proudly announces its latest Corporate Social Responsibility (CSR) initiative through a strategic partnership with the Shakti Empowerment Education Foundation, part of the Shakti Regeneration Institute (SRI). This collaboration will support the Ramakrishna Vedanta Vidyapith school in West Bengal, India, providing 50 low-income students with access to essential educational materials, uniforms, vocational sewing classes, and extracurricular activities.

    Image copyright: Shakti Regeneration Institute

    This partnership forms part of EBC’s broader CSR strategy, which complements its role as a global financial brokerage, enabling access to global markets while promoting equitable education and sustainable development in communities where economic opportunities are limited.

    EBC Financial Group has supported the University of Oxford’s What Economists Really Do (WERD) public education series through the sponsorship of two episodes: The Economics of Tax Evasion in 2023 and Macroeconomics and Climate in November 2024. These episodes explore how economics can address significant societal issues and reflect EBC’s broader mission of empowering informed decision-making—a principle that also drives its global brokerage services, enabling individuals and institutions to confidently navigate financial markets. The WERD series is independently produced by the Department of Economics, showcasing its dedication to bridging academic research and real-world challenges.

    Together, these initiatives demonstrate EBC’s dedication to advancing educational access, promoting critical discourse, and addressing the interconnected challenges of socio-economic development and sustainability. Shifting focus to India, EBC’s partnership with SRI reinforces its mission to drive long-term societal change at the local level, equipping individuals with the tools to thrive and contribute to the development of their communities while promoting sustainable development at the grassroots level.

    In addition to this critical sponsorship, EBC’s leadership in global advocacy is reflected in its contributions to the upcoming documentary #TheRegenerationGeneration, an initiative of SRI directed by its founder, Indrani Pal-Chaudhuri. The film, which addresses the urgent need for regenerative finance and education, highlights the efforts of Nobel Prize-winners, innovators, business leaders, educators, and Indigenous leaders working together to protect vulnerable ecosystems and communities from the increasing threats of climate change. It also features interviews with David Barrett, CEO of EBC Financial Group (UK) Ltd., and Professor Teytelboym from the Department of Economics, Oxford University. EBC’s involvement across both social projects underscores its commitment to not only supporting local communities but also driving global awareness and action toward sustainable and equitable futures.

    Barrett expressed the strategic importance of this partnership: “At EBC, we recognise that the true power of education creates the foundation for transforming societies and creating pathways to lasting change. Our partnership with Shakti Regeneration Institute is more than a sponsorship—it reflects our dedication to uplifting the next generation, as we support the Ramakrishna Vedanta Vidyapith school in equipping marginalised children with the tools they need to thrive. Through our involvement in the #TheRegenerationGeneration 2025 documentary, we are amplifying the voices of Indigenous communities and supporting the preservation of their cultural and environmental heritage. Similarly, our collaboration with the University of Oxford’s Department of Economics on their WERD program underscores our dedication to enhancing global understanding of critical economic and societal issues. By investing in education at every level, we aim to create opportunities, promote equity, and address the challenges of our time. These efforts align seamlessly with our core values of integrity, responsibility, and sustainability.”

    Ajay Pal-Chaudhuri, Chairman and Founder of Shakti Regeneration Institute, remarked, “We are thrilled to announce our partnership with EBC Financial Group, a collaboration that embodies the convergence of corporate responsibility and global impact. Together, we embark on a transformative journey, combining our strengths in education and ecological advocacy to empower communities worldwide. With EBC’s support, we are not only empowering marginalised children through education but also raising global awareness about the critical challenges facing Indigenous communities and the plight of vulnerable ecosystems.”

    Foundational Values at the Heart of EBC’s Mission
    EBC’s commitment to making a meaningful difference aligns with its core values of dedication, responsibility, and integrity. By ensuring that financial resources are directed toward impactful projects, EBC exemplifies how corporate responsibility can foster real-world change, contributing to the welfare of communities and the preservation of ecosystems that sustain vulnerable populations. Operating under top-tier regulation, EBC combines its mission to equip investors with access to global markets such as currencies, indices, and commodities with impactful social investments that contribute to community welfare and sustainability.

    The Ramakrishna Vedanta Vidyapith school, which will celebrate the 25th anniversary of its founding in January 2025, has been a vital institution in the betterment of local communities in West Bengal. Through its educational programs, the school empowers children and women from marginalised backgrounds, helping them to break the cycle of poverty and contribute positively to their communities. EBC’s support enhances the school’s mission, helping to ensure that these children receive not only basic education but also vocational training and community-building opportunities that will prepare them for long-term success. More information about SRI and its mission can be found at www.shaktiregeneration.org.

    For more information about EBC’s causes and initiatives, please visit https://www.ebc.com/ESG.

    About EBC Financial Group
    Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its services in financial brokerage and asset management. With offices strategically located in prominent financial centres such as London, Sydney, Hong Kong, Tokyo, Singapore, the Cayman Islands, Bangkok, Limassol, and more, EBC enables retail, professional, and institutional investors to access a wide range of global markets and trading opportunities, including currencies, commodities, shares, and indices.

    Recognised by multiple awards, EBC prides itself on adhering to leading levels of ethical standards and international regulation. EBC Financial Group’s subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC).

    At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

    EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

    https://www.ebc.com/

    Media Contact:
    Savitha Ravindran
    Global Public Relations Manager (EMEA, LATAM)
    savitha.ravindran@ebc.com

    Chyna Elvina
    Global Public Relations Manager (APAC, LATAM)
    chyna.elvina@ebc.com

    Douglas Chew
    Global Public Relations Lead
    douglas.chew@ebc.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/94dc67e3-5efc-46bb-9e48-0cb8ff3bce80

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7947de34-6137-46a2-b7e8-8183ecc273c4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a45a3118-2bc7-4f3b-af6b-c721195b1fef

    The MIL Network –

    January 28, 2025
  • MIL-OSI: MamaBull Token to Reimagine Crypto with the Game-Changing Mamapay.io Platform

    Source: GlobeNewswire (MIL-OSI)

    MamaBull Token, built on Solana, is set to revolutionize crypto for developing countries with the upcoming Mamapay.io platform, which blends blockchain with real-world finance and offers generous rewards.

    SINGAPORE, Jan. 27, 2025 (GLOBE NEWSWIRE) — MamaBull Token ($MAMA), a highly anticipated cryptocurrency built on the Solana blockchain, will officially launch on January 27, 2025. Designed to symbolize strength and innovation in the crypto space, MamaBull offers a unique combination of speed, affordability, and real-world utility. The project’s dedicated website, mamabulltoken.com, is live and provides insights into the token’s features and upcoming developments.

    A key component of MamaBull’s ecosystem is Mamapay.io, an upcoming financial platform scheduled for April 2025. The platform aims to transform the way users manage and transfer assets globally. By integrating blockchain with traditional banking services, Mamapay.io delivers a seamless experience for handling crypto and fiat assets. With features such as offshore bank accounts, debit cards, and compliance-focused financial solutions, the platform ensures security and regulatory adherence for a user-friendly experience.

    Why MamaBull Token?

    MamaBull sets itself apart in the crypto market by utilizing Solana’s high-speed infrastructure, guaranteeing ultra-fast transactions and low fees. Dedicated to financial inclusion, MamaBull aims to offer accessible financial services to underserved regions, connecting decentralized finance (DeFi) with traditional banking systems.

    More than just a meme-inspired digital asset, MamaBull — dubbed “The Mother of All Streets” — delivers practical applications and long-term utility for holders while offering significant profit potential. As a memecoin with real utility, MamaBull presents an exciting opportunity for users to earn substantial returns by participating in its ecosystem.

    Through its staking and rewards system, MamaBull allows holders to generate passive income over time. Users who stake their $MAMA tokens on mamapay.io can expect generous returns, which will encourage long-term participation and foster ecosystem stability. The token’s design prioritizes community incentives, ensuring that loyal holders are well-rewarded for their commitment.

    Future cross-chain integrations with Ethereum and BNB Chain will further expand MamaBull’s reach. These integrations will ensure smooth connectivity across multiple blockchain networks and enhance users’ access to the DeFi ecosystem.

    Within the Mamapay.io ecosystem, $MAMA holders can access exclusive benefits, including cashback rewards, reduced transaction fees, and revenue-sharing opportunities. These benefits significantly increase the potential profits available to participants.

    Mamapay.io: A Game-Changer in Global Finance

    As a pivotal part of the MamaBull ecosystem, Mamapay.io is set to redefine global financial operations by merging blockchain technology with traditional finance. The platform will enable crypto-to-fiat conversions, simplifying cross-border transactions for users.

    By offering offshore banking solutions, Mamapay.io provides enhanced security and financial flexibility. Additionally, $MAMA-powered debit cards will allow seamless spending worldwide, integrating crypto into daily financial activities easily.

    Compliance remains a top priority for Mamapay.io. The platform fully complies with AML and KYC regulations to create a secure and trusted financial environment for all users.

    Security and Transparency

    Security and transparency are fundamental to MamaBull’s development, ensuring confidence among investors and users. The project’s smart contracts have been fully audited, and ownership has been renounced. Most importantly, minting operations have been permanently turned off to prevent potential manipulation.

    A burned liquidity pool has been implemented to support price stability and reinforce long-term sustainability within the ecosystem.

    A Roadmap for Sustained Growth

    MamaBull’s roadmap outlines a strategic path toward long-term growth and adoption. The initial phase focuses on launching the token and building a strong community through targeted marketing campaigns.

    Subsequent phases will introduce strategic partnerships with influencers and secure listings on major exchanges, increasing visibility and market reach. The rollout of governance features and staking mechanisms will empower the community to actively shape the project’s future.

    Future developments will emphasize the integration of Mamapay.io’s banking solutions, further positioning MamaBull as a key player in merging traditional and digital financial systems. Long-term initiatives include regular token burns and continuous feature enhancements to drive sustained value for holders.

    Join the MamaBull Revolution

    MamaBull is more than just a crypto; it represents a movement toward financial inclusion, empowerment, and innovation. Combining speed, affordability, and groundbreaking financial solutions, MamaBull is set to make a lasting impact in the evolving crypto-fintech landscape. With its potential for high profits and real-world utility, MamaBull offers an exciting opportunity for those looking to capitalize on the growing crypto space.

    For the latest updates and developments, visit mamabulltoken.com and follow social media accounts:

    Telegram: t.me/mamabulltoken
    Twitter/X: x.com/mamabull_token
    Instagram: instagram.com/mamabulltoken

    Media inquiries: media@mamabulltoken.com

    Contact:
    James Lissaint
    media@mamabulltoken.com

    Disclaimer: This content is provided by MamaBull. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/72f4eb97-978f-470c-8f8b-c0eaa3ee8c59

    The MIL Network –

    January 28, 2025
  • MIL-OSI United Kingdom: expert reaction to UKSHA announcement of a human case avian flu detected in England

    Source: United Kingdom – Executive Government & Departments

    January 27, 2025

    Scientists comment on the first human case of Avian flu detected in the UK, as announced by UKHSA. 

    Dr Alastair Ward, Associate Professor of Biodiversity and Ecosystem; Programme Lead for Zoology, University of Leeds, said:

    How likely is it that the virus has or will spread human-to-human from this case?

    “Highly unlikely. The person infected with H5N1 was asymptomatic. Their contacts have been traced and all have tested negative. Very specific genetic changes are required for avian influenzas to become transmissible among humans, and these changes are not present in the viruses isolated in this case.

    What could be done to prevent future cases of H5N1?

    “Adherence to biosecurity best practice, including the use of PPE and disinfection when handing poultry or material that may have been contaminated by them, may limit transmission of H5N1 from infected poultry to humans. Reporting of symptoms observed within a poultry flock to the Animal and Plant Health Agency, and subsequent statutory testing and control measures are critical for preventing further spread among birds, as they have been in this case.

    How worried should we be about this? How does the risk of contracting bird flu differ between people working in close contact with birds versus the general public?

    “The UKHSA and APHA have avian influenzas under ongoing surveillance. We know what the genetic changes are that make the viruses more likely to jump to humans and to transmit between humans, and they have not been detected in the UK. Risks to the general public likely remain very low. Risks to people who work in close contact with birds, particularly ducks, geese, swans, chickens and turkeys are greater, but can be reduced by implementing biosecurity best-practice, including use of PPE and disinfection when making contact with birds or material that has been contaminated by them.

    Any other information should readers know about the situation?

    “This was an isolated case involving a man in his early 80s and who kept a large flock of Muscovy ducks in a domestic setting. The man has isolated since his diagnosis and has been administered a course of antiviral medication as a precautionary measure. His contacts have been traced and tested negative. 19 of the 20 ducks tested were positive for H5N1 and so the flock was culled. These statutory measures seem to have been successful in preventing further spread among birds and to humans.”

    Prof Andrew Preston from the Milner Centre of Evolution, and Department of Life Sciences at the University of Bath, said:

    “This announcement will rightly provoke concern. The evolution of an influenza virus derived from a high pathogenicity avian influenza clone to one that is adapted to human-to-human spread is one of the most feared infectious disease threats we face. Thankfully, this is yet to happen during the current, prolonged H5N1 outbreak. This case appears to result from high levels of exposure of the individual to the virus due to their workplace contact with infected birds, a known risk factor for contracting the virus. The swift response that include tracing contacts of the individual and their monitoring and prophylactic treatment, is key to minimising any small chance of virus being passed from human to another human host.

    “However, this case highlights the continued threat posed by these avian viruses. The mixing of infected birds and other species is the major risk factor for adaptation of the virus to new host species and high vigilance for instances of this is essential to containing any possible onward transmission.”

    Professor Wendy Barclay, Regius Professor of Infectious Disease at Imperial College London, said:

    “Since the number of cases of H5N1 in poultry premises has increased again this winter, this is not unexpected. 

    “It’s important to remember that bird flu does not transmit readily between people without several simultaneous adaptive mutations in different genes. 

    “Genetic sequencing would confirm if this has happened, but with just one individual case, it is highly unlikely.”

    Declared interests

    Dr Alastair Ward I am a member of the FluMAP and Flu:TrailMAP consortia: multi-disciplinary groups of scientists funded by UKRI and Defra to better understand the ongoing H5N1 panzootic and how to better control it.

    Prof Andrew Preston I have received research funding from several companies that make vaccines, but not for any work related to influenza.

    For all other experts, no reply to our request for DOIs was received. 

    MIL OSI United Kingdom –

    January 28, 2025
  • MIL-OSI: Turtle Beach Corporation Appoints Mark Weinswig Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    WHITE PLAINS, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) — Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming accessories provider, today announced the appointment of Mark Weinswig as Chief Financial Officer effective February 3, 2025.

    Mr. Weinswig brings over 25 years of extensive financial leadership experience to Turtle Beach. Most recently, he served as CFO at Ouster following its merger with Velodyne Lidar, where he successfully led the development and implementation of integration strategies, resulting in significant cost savings and operational efficiencies. He’s previously held CFO positions at other companies, including Avinger, EMCORE and Avanex, where he consistently delivered improved financial performance and strategic growth.

    “We’re excited to welcome Mark to the Turtle Beach team. His wealth of experience in financial leadership across multiple publicly traded companies makes him an ideal fit for our organization,” said Cris Keirn, CEO, Turtle Beach Corporation. “Mark’s proven track record of driving financial performance and strategic initiatives will be invaluable as we continue executing our growth strategy and enhancing shareholder value. We look forward to his contributions and leadership.”

    Mr. Weinswig holds an MBA from Santa Clara University and a BS in Accounting from Indiana University. He has held both Certified Public Accountant and Chartered Financial Analyst designations.

    “I’m thrilled to join Turtle Beach as the new Chief Financial Officer. Together, we will continue delivering cutting-edge products, while also maximizing value for our shareholders. I look forward to contributing to Turtle Beach’s exciting future, and building on its legacy of excellence,” said Mr. Weinswig.

    Mr. Weinswig succeeds John Hanson, who will move into to a senior advisor role for the next six months to ensure a smooth and effective transition.

    “We are deeply grateful to John for his significant contributions to Turtle Beach during his tenure,” added Cris Keirn. “His leadership and dedication over the years has been instrumental in our success, and we’re pleased that he will continue providing his expertise as a senior advisor during this transition period. We wish him all the best in his retirement.”

    About Turtle Beach Corporation
    Turtle Beach Corporation (the “Company”) (www.turtlebeachcorp.com) is one of the world’s leading gaming accessories providers. The Company’s namesake Turtle Beach brand (www.turtlebeach.com) is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach Corporation acquired Performance Designed Products (www.pdp.com) in 2024. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: TBCH.

    Cautionary Note on Forward-Looking Statements
    This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “goal”, “project”, “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management’s current beliefs and expectations, as well as assumptions made by, and information currently available to, management.

    While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to logistic and supply chain challenges and costs, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company’s other periodic reports filed with the Securities and Exchange Commission. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

    CONTACTS

    Investors:
    tbch@icrinc.com
    (646) 277-1285

    Public Relations & Media:
    MacLean Marshall
    Sr. Director, Global Communications
    Turtle Beach Corporation
    (858) 914-5093
    maclean.marshall@turtlebeach.com

    The MIL Network –

    January 28, 2025
  • MIL-OSI USA: Senator Ted Budd Joins Intelligence Committee

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)
    Washington, D.C. — Senate Majority Leader John Thune (R-SD) has named Senator Ted Budd (R-NC) to serve on the Senate Select Committee on Intelligence, filling the seat previously held by now-Secretary of State Marco Rubio.
    During the 119th Congress, Senator Budd will also serve on the Armed Services Committee, Commerce Committee, Small Business Committee, and the Joint Economic Committee.
    Sen. Budd said in a statement:
    “I am truly honored to serve on the Senate Intelligence Committee. The United States faces a complex global threat environment. Every day around the world, our intelligence community professionals risk their lives to collect foreign intelligence critical to our national security. At the same time, Americans are rightly concerned about abuses by, and politicization of, intelligence agencies. I am ready to join Chairman Cotton and my colleagues to ensure the intelligence community is focused on providing objective analysis to decision-makers, while protecting the privacy and civil liberties of Americans enshrined in our Constitution.”

    MIL OSI USA News –

    January 28, 2025
  • MIL-OSI United Kingdom: UK applies fresh sanctions following sham election in Belarus

    Source: United Kingdom – Executive Government & Departments

    The UK has sanctioned 9 individuals and defence sector entities in Belarus in coordination with Canada.

    • UK sanctions 6 individuals and 3 entities in coordinated action with alongside Canada, in an immediate response to rigged presidential election in Belarus.
    • Sanctions target leaders of institutions responsible for serious human rights violations and companies in the Belarusian defence sector supporting Russia’s war in Ukraine.
    • Action demonstrates Government’s commitment to working internationally to deter threats and protect national security, a foundation in the government’s Plan for Change.

    The Chairman of the Belarusian Central Election Commission is among 9 individuals and entities designated by the UK today (Monday 27 January) in a fresh wave of sanctions in response to yesterday’s sham election in Belarus.

    Following Lukashenko’s brutal crackdown in which critical voices within Belarus have been silenced, yesterday’s sham election failed to meet international standards and has been condemned by international partners .

    Alongside sanctioning leaders of institutions responsible for serious human rights violations in the country, the UK has excluded Belarusian defence companies from the UK economy– a sector of strategic importance to Lukashenko’s regime which is helping to facilitate Russia’s war in Ukraine.

    Working with international partners to protect UK national security is essential to deliver the foundations of the Prime Minister’s Plan for Change.

    Foreign Secretary David Lammy said:

    The world has become well-accustomed to Lukashenko’s cynical pretence of democracy in Belarus, while in reality he brutally represses civil society and opposition voices to strengthen his grip on power.

    The UK, alongside our partners, will continue to stand by the people of Belarus and expose those who deny them their legitimate right to freedom and democracy.

    According to the Viasna Human Rights Centre, a Belarusian non-governmental organisation in exile, over 1250 political prisoners are incarcerated in Belarus, including civil society representatives, human rights defenders, journalists, political opponents, religious leaders,  and trade unionists. Many political prisoners are held in shocking conditions, facing isolation, mistreatment and a lack of medical care.

    Today’s designations include Heads of ‘GUBOPiK’; one of the main security forces responsible for political persecution in Belarus. Individuals sanctioned today are:

    1. Igor Vasilyevich KARPENKO – Chairman of the Belarusian Central Election Commission.
    2. Viktor Alexandrovich DUBROVKA – Head of the Belarusian correctional institution Penal Colony No11, Vaukavysk
    3. Pavel Ivanovich KAZAKOV – Head of the Belarusian correctional institution Prison No 1, Hrodno.
    4. Andrey Mikhailovich TSEDRIK – Commanding Officer of Pre-trial Detention Centre (SIZO) No 1, Minsk.
    5. Andrei Valerievich ANANENKO – Head of GUBOPiK.
    6. Mikhail Petrovitch BEDUNKEVICH – Deputy Head of GUBOPiK.

    Belarus has provided support for Russia’s illegal invasion of Ukraine, allowing the use of its territory and airspace to launch attacks and provided kit and logistical support.

    The three entities from Belarus’ defence sector sanctioned today are:

    1. ALEVKURP OJSC – a company affiliated to the Government of Belarus specialising in research and development and manufacturing of radar systems and weapon control systems.
    2. Legmash Plant JSC – a Belarusian company producing ammunition for the Belarusian defence sector.
    3. KB Unmanned Helicopters (UAVHeli) – a Belarusian unmanned aerial vehicle (UAV) developer and manufacturer.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

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    Updates to this page

    Published 27 January 2025

    MIL OSI United Kingdom –

    January 28, 2025
  • MIL-OSI: Bybit Introduces Blockchain-Powered Payment Solution in Brazil with PIX Compatibility

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Jan. 27, 2025 (GLOBE NEWSWIRE) —

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched Bybit Pay in Brazil, introducing a cutting-edge payment solution that integrates seamlessly with PIX, the country’s leading instant payment system. The launch underscores Bybit’s commitment to bridging Web2 and Web3 payments and providing a streamlined way for users to transact in both fiat and cryptocurrency. Wherever there is PIX, Bybit Pay can be used.

    Bybit Pay: Redefining Digital Transactions
    Bybit Pay allows users to connect their crypto wallets to a variety of financial possibilities, supporting both fiat and cryptocurrency. The platform simplifies transactions across websites, mobile applications, and point-of-sale (POS) systems, offering an intuitive interface for deposits, withdrawals, and payments. Its launch in Brazil aligns with the country’s growing adoption of digital finance technologies.

    Joan Han, Sales and Marketing Director at Bybit, highlighted the significance of the launch: “Bybit Pay is designed to bridge traditional and digital payments effortlessly. Brazil’s forward-thinking adoption of digital finance makes it the ideal market for this launch. By leveraging PIX QR codes and multi-currency support, Bybit Pay offers a seamless, secure, and flexible solution tailored to the evolving needs of our users.”

    Currently, Bybit Pay is available to verified users in Brazil through the Bybit app and website. The platform supports payments in Brazilian reais (BRL) and leading cryptocurrencies, including USDT, USDC, BTC, and ETH.

    Key Features and Benefits of Bybit Pay

    • PIX QR Code Compatibility

    Bybit Pay integrates with PIX, allowing users to scan QR codes to complete payments in fiat or cryptocurrency. This functionality offers a convenient and familiar experience for Brazilian users.

    • Integrated Wallet Management

    The platform combines crypto and fiat wallet functionality, enabling users to manage funds seamlessly across both financial systems.

    • Multi-Currency Support

    Bybit Pay supports a range of currencies, including BRL and popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

    • Blockchain-Backed Security

    Bybit Pay ensures secure, tamper-proof transactions through blockchain encryption, maintaining user privacy and transparency.

    • Benefits for Merchants

    Merchants gain the ability to accept payments from Bybit’s global user base of over 60 million, broadening their customer reach and providing an integrated fiat-crypto payment experience.

    Welcome Promotion: Cashback Opportunity for Brazilian Users
    To celebrate the launch, Bybit is offering a promotional campaign that rewards early adopters.

    • Event Period: January 27 – February 28, 2025
    • Eligibility: Users who deposit an equivalent of $100 or more and complete a payment by scanning a PIX QR code.

    Each week, 100 participants will be randomly selected to receive 100 percent cashback in USDT, capped at the BRL equivalent of 100 USDT per user.

    Winner Quotas (Weekly):

    • Payments of $5 – $10: 50 winners
    • Payments of $11 – $50: 30 winners
    • Payments of $51 – $100: 20 winners

    Transforming Digital Payments in Brazil
    Bybit Pay’s integration with PIX, alongside its multi-currency support and blockchain-powered security, positions the platform as a transformative solution in Brazil’s digital payment landscape. The launch represents a significant step forward in Bybit’s mission to enhance global payment systems and provide secure, flexible solutions for users and merchants.

    #Bybit / #BybitPay /#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

    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/8d2640d1-8542-442b-93a8-058da17e062d

    The MIL Network –

    January 28, 2025
  • MIL-OSI: Correction: Form 8.3 – [ International Paper Company]

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: Danske Bank A/S
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    International Paper Company
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    24 January 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: Equity
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 137,608 0.04    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    137,608 0.04    

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    Equity Buy      1300  58.58883846

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
             

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

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

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

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

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    None

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

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

    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 27 January 2025
    Contact name: Kotryna Cinciuke
    Telephone number*: +37060405825

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

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

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

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

    The MIL Network –

    January 28, 2025
  • MIL-OSI: BexBack Unveils Double Deposit Bonus, $50 Welcome Bonus, and 100x Leverage Crypto Trading with No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Jan. 27, 2025 (GLOBE NEWSWIRE) — As Bitcoin hovers around the $100,000 mark, analysts predict prolonged market volatility, making cryptocurrency derivatives trading the preferred choice for traders seeking to profit from both upward and downward trends. To empower traders and maximize their potential, BexBack Exchange has introduced an exclusive package featuring a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage for cryptocurrency trading—all with a No KYC policy, ensuring privacy and seamless trading.

    How Does 100x Leverage Work?

    100x leverage enables traders to control larger positions with minimal capital investment. For example:

    • Suppose Bitcoin is priced at $100,000, and you open a long contract with 1 BTC. Using 100x leverage, you control a position worth 100 BTC.
    • If the price rises to $105,000, your profit will be:
      (105,000−100,000)×100BTC÷100,000=5BTC That’s a 500% return on your initial investment.

    With BexBack’s 100% deposit bonus, your trading power doubles, giving you the ability to amplify profits even further.

    How the 100% Deposit Bonus Works

    BexBack’s deposit bonus is designed to boost your trading potential. While it cannot be withdrawn directly, the bonus:

    1. Increases Margin Capacity – Use the bonus to open larger positions and enhance your profit potential.
    2. Provides Risk Protection – During significant market fluctuations, the bonus serves as extra margin, reducing liquidation risks.

    For example, depositing 1 BTC unlocks an additional 1 BTC in bonus funds, doubling your margin.

    Why Choose BexBack?

    • No KYC Required: Trade with just an email address—simple and private.
    • 100% Deposit Bonus: Double your trading funds instantly.
    • $50 Welcome Bonus: Earn $50 after completing your first trade.
    • High Leverage: Up to 100x leverage to maximize capital efficiency.
    • Demo Account: Practice risk-free with 10 BTC in virtual funds.
    • Transparent Fees: No slippage, no spreads, and clear fee structures.
    • 24/7 Global Support: Dedicated multilingual customer service anytime, anywhere.
    • Affiliate Rewards: Earn up to 50% commission with no limits on duration or earnings.

    About BexBack

    BexBack is a premier cryptocurrency derivatives platform offering 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack operates under a US MSB (Money Services Business) license. The platform is trusted by over 200,000 traders worldwide, including users in the US, Canada, and Europe.

    Don’t Miss Out—Start Trading Today!

    If you’re looking to capitalize on Bitcoin’s historic price levels and market volatility, BexBack is the platform for you. With 100x leverage, unbeatable bonuses, and a focus on privacy, BexBack sets you up for success in the dynamic world of cryptocurrency trading.

    Sign up now to claim your exclusive bonuses and start building your crypto portfolio.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ed72ce34-c448-429b-baf5-afdbccee1640

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b63bbbd5-050a-4972-9308-fa38c4b98ca8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8fe9b4af-bef7-450b-8933-9d7096274920

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a1ccb133-7ea0-4960-a4b2-f127cce10ea8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9778b6a3-46d2-49b8-a574-adb73a41cd4f

    The MIL Network –

    January 28, 2025
  • MIL-OSI: Applied Labs raises $4.2M to make it easy to build high quality AI support and ops digital employees

    Source: GlobeNewswire (MIL-OSI)

    New York, Jan. 27, 2025 (GLOBE NEWSWIRE) — Every company today faces mounting pressure to deploy AI, but most solutions fall short on reliability and cannot handle complex, critical workflows. Applied Labs, founded by early Scale AI leaders, announced $4.2 million funding to transform how businesses deploy AI agents for complex support and operations tasks.

    The seed round was led by Abstract, with participation from Point72 Ventures, Outlander, and Tetra. A few notable angel investors include Vercel CEO Guillermo Rauch, Modal CTO Akshat Bubna, and ex-Twitter exec Ali Rowghani. This latest round brings the total raised by Applied Labs to $5.2 million.

    Applied Labs founders: Soham Waychal and Michael Woo.

    Founded in January 2024 by Michael Woo and Soham Waychal, Applied Labs emerged from their firsthand experience with AI applications at Scale AI, where they recognized how much time was spent on critical yet repetitive support interactions and ops workflows. Woo – who joined Scale AI as employee #20 and led a team of 30 focused on ops scalability – saw the opportunity to build AI agents that could handle complex workflows with unprecedented reliability. Waychal, who previously led engineering at a16z-backed Canal and holds 5 AI patents, brings deep technical expertise to the challenge.

    “For companies, there’s an explosion of C-Suite and boardroom interest into the question, what is our AI strategy?” said Michael Woo, CEO of Applied Labs. “The bottleneck isn’t the model anymore – LLM quality, speed and cost have reached an inflection point where almost every business can save time, cost and improve the quality of their support and ops. The challenge is in the data, tools and platform for teams to easily setup and perfect AI agents on their business-critical workflows.  We’re obsessed with making our AI agents the best where if you’re not using them, you’re falling behind.”

    The company focuses on support and operations teams.  Their current solution is an end to end AI customer support agent fine-tuned to the businesses’ knowledge base and empowered with AI actions which typically involve first and third party integrations.  Digital employees in other domains like operations are incoming.  But Woo emphasizes the importance of a human in the loop to ensure quality on all domains.  “AI allows you to scale up your best human judgement on an infinite volume of tasks but human judgment is still necessary to get the best quality results and handle edge cases.“ Woo said.   

    Uniquely, the Applied Labs team is using their expertise at Scale AI to build high quality, reliable and easy to use AI agents.  The solution uniquely combines three critical components to get what they believe are the best results: omnichannel interactions spanning chat, email and phone to handle 100% of volume; sophisticated AI agent orchestration for handling Q&A and AI workflows; and comprehensive evaluation tools for testing, auditing and monitoring AI outputs. This approach includes built-in human-in-the-loop escalations, recognizing that finding the right balance between AI efficiency and human touch for complex, emotional interactions remains crucial.

    The stakes are high – a single misstep in handling customer inquiries or operational tasks can erode trust and escalate problems.  “At Scale when we first did AI labeling or if you think about self-driving cars or even these AI sales agents, if you scale up a poorly thought out AI response or workflow on high volume, it’s deeply damaging.” Woo said.  Applied Labs addresses this by building guardrails and monitoring systems to rigorously test the AI with human-in-the-loop auditing before any new capabilities are broadly deployed. 

    Applied Labs plans to double its headcount in the coming months to meet growing customer interest. The funding will accelerate hiring of engineers to advance the company’s ambitious product roadmap.

    “Few founders truly grasp the operational intricacies of deploying AI in mission-critical workflows. Michael’s experience managing Scale AI’s core data product brings a rare fusion of technical acumen and practical experience — exactly what’s needed to make AI both dependable and transformative. Applied Labs’ commitment to pairing trust with capability, underpinned by their human-in-the-loop approach, is precisely what enterprises need to confidently embrace AI-powered customer support. We couldn’t be more excited to partner with Michael and his team on this journey” commented Ramtin Naimi, Founder & General Partner, Abstract. 

    “Technical decision makers will save their team countless hours everyday on the most frustrating and repetitive workflows,” added Woo. “AI agents, when crafted correctly by the right person, allow you to scale up your best human thinking on repetitive support interactions or ops workflows helping save significant time without sacrificing quality.”

    Looking ahead, while the AI industry races to replace human workflows, Applied Labs is pioneering a more nuanced vision: high quality AI agents that combine machine efficiency with human judgment. By focusing on quality, reliability and empowering non-technical teams to resolve the most complex, painful issues with AI, the company is building toward a future where almost every company can confidently deploy AI across their most complex operations—transforming not just how work gets done, but redefining what’s possible when artificial and human intelligence work in harmony.

    Ends 

    Media images can be found here. 

    About Applied Labs
    Founded in 2024, Applied Labs is crafting exceptional AI agents that solve real world problems. The team brings together human creativity and artificial intelligence to unlock incredible possibilities. The team is working with ambitious companies to build exceptional AI support and ops agents. Applied Labs is trusted by the world’s largest enterprises, modern small businesses and everyone in between. For more information please visit https://appliedlabs.ai/ or follow via LinkedIn and X. 

    About Abstract
    Abstract is a venture capital firm based in San Francisco with $1.5 billion in assets under management. The firm is sector-agnostic and focused on seed and early-stage founders. Since its founding in 2016, Abstract has invested in many breakout companies, including Solana, Rippling, Partiful, Neon, Garner Health, Clay, Hebbia AI, and X.ai, among others. Today, the firm’s reputation among founders is built on fierce loyalty, unparalleled connections, and a relentless drive to help them win. 

    The MIL Network –

    January 28, 2025
  • MIL-OSI Global: For tennis star Destanee Aiava, borderline personality disorder felt like ‘a death sentence’ – and a relief. What is it?

    Source: The Conversation – Global Perspectives – By Jayashri Kulkarni, Professor of Psychiatry, Monash University

    Last week, Australian Open player Destanee Aiava revealed she had struggled with borderline personality disorder.

    The tennis player said a formal diagnosis, after suicidal behaviour and severe panic attacks, “was a relief”. But “it also felt like a death sentence because it’s something that I have to live with my whole life”.

    A diagnosis is often associated with therapeutic nihilism. This means it’s viewed as impossible to treat, and can leave clinicians and people with the condition in despair.

    In fact, people with this disorder can and do recover with adequate support. Understanding it is caused by trauma is fundamental to effectively treat this complex and poorly understood mental illness.

    A stigmatising diagnosis

    The name “borderline personality disorder” is confusing and adds greatly to the stigma around it.

    Doctors first used “borderline” to describe a condition they believed was in-between two others: neurosis and psychosis.

    But this implies the condition is not real in itself, and can invalidate the suffering and distress the person and their loved ones experience.

    “Personality disorder” is a judgemental term that describes the very essence of a person – their personality – as flawed.

    What is borderline personality disorder?

    People with the disorder can express a range of symptoms, but high levels of anxiety – including panic attacks – are usually constant.

    Symptoms cluster around four main areas:

    • high impulsivity (leading to suicidal thoughts and behaviour, self-harm and other risky behaviours)

    • unstable or poor sense of self (including low self-esteem)

    • mood disturbances (including intense, inappropriate anger, episodic depression or mania)

    • problems in relationships.

    People with the disorder greatly fear being abandoned and as a result, commonly have distressing difficulties in interpersonal relationships.

    This creates a “push-pull” dynamic with loved ones, as people with borderline personality disorder seek closeness, but push away those they love to test the strength of the relationship.

    For example, they may escalate a small issue into a major disagreement to see if the loved one will “stick with them” and reinforce their love.

    Conversely, if a loved one appears distant or fed up – for example, is thinking about ending the relationship – the person with borderline personality disorder will make major efforts to “pull” them back. This might look like a flurry of messages, expressions of despair, or even suicidal behaviours.

    People with borderline personality disorder greatly fear being abandoned, making relationship issues common.
    Drazen Zigic/Shutterstock

    Who does it affect?

    The disorder affects one in 100 Australians, although this is likely a conservative estimate, as diagnosis is based on the most severe symptoms.

    Women are much more likely to be diagnosed with it than men – but why this is so remains a major debate, with political and sociological factors playing a role in making psychiatric diagnoses. Symptoms usually begin in the mid to late teens.

    While an initial response to receiving a diagnosis can be comforting for some, it is commonly seen as a chronic, relapsing condition, meaning symptoms can return after a period of improvement.

    Borderline personality disorder can fluctuate in intensity and mimic other conditions such as major depression, bipolar disorder, anxiety disorders and psychosis.

    Estimates suggest 26% of presentations at emergency departments for mental health issues are by people diagnosed with personality disorders, particularly borderline personality disorder.

    What causes it?

    The main cause for borderline personality disorder appears to be trauma in early life, compounded by repeated traumas later.

    Early life trauma can lead to biological changes in the brain that cause behavioural, emotional or cognitive shifts, leading to social and relationship issues. This is known as complex post-traumatic stress disorder.

    Aiava has acknowledged the disorder is “mainly from childhood trauma”, although she has not given details about her specific experiences.

    People with borderline personality disorder usually have complex post-traumatic stress disorder. But complex post-traumatic stress disorder doesn’t always result in a borderline personality disorder diagnosis.

    Although the two disorders are not identical, they share many similarities, in particular that they are both caused by complex and repeated trauma.

    However those with borderline personality disorder tend to experience more rage, emotional disturbances and have a greater fear of abandonment.

    They also face greater stigma, whereas the term “complex post-traumatic stress disorder” doesn’t carry the same negative connotations and focuses on the cause of the condition – trauma – rather than “personality”, leading to better treatment options.

    The recognition of the major role of trauma in borderline personality disorder is an important step forward in treating the disorder. But because of the stigma associated with it, using the diagnosis of complex post-traumatic stress disorder maybe a better step forward in the future.

    Can it be treated?

    There are many effective psychological therapies and other treatments for people with borderline personality disorder or complex post-traumatic stress disorder.

    For example, dialectical behavioural therapy is a type of cognitive therapy that helps people learn skills such as tolerating distress, managing relationships, regulating emotions and practising mindfulness.

    The treatment of people with post-traumatic stress disorder, including victims of war and rape, has taught us a lot about how to treat complex, underlying trauma. For example, with trauma-focused psychological therapies.

    Other new treatments, such as eye movement desensitisation and reprogramming, have also shown to be effective.

    Many people with borderline personality disorder who receive treatment and have supportive relationships are able to “outgrow” the condition. Others may need to continue to manage symptoms while pursuing a good quality of life.

    Treating trauma, not personality

    Rethinking borderline personality disorder as a trauma disorder enables a more effective and understanding approach for those with it.

    Understanding what trauma does to the brain means newer, targeted medications can also be used.

    For example, our research has shown how the brain’s glutamate system – the chemicals responsible for learning and making sense of one’s environment – is overactive in people with complex post-traumtic stress disorder. Medications that work on the glutumate system may therefore help alleviate borderline personality disorder symptoms.

    Educating partners and families about borderline personality disorder, providing them support and co-designing crisis strategies are also important parts of total care. Preventing early life trauma is also critical.

    If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14.

    Jayashri Kulkarni receives funding from the National Health and Medical Research Council of Australia and educational plus clinical trial grants from pharmaceutical companies that manufacture psychotropic medications.

    Eveline Mu 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. For tennis star Destanee Aiava, borderline personality disorder felt like ‘a death sentence’ – and a relief. What is it? – https://theconversation.com/for-tennis-star-destanee-aiava-borderline-personality-disorder-felt-like-a-death-sentence-and-a-relief-what-is-it-247451

    MIL OSI – Global Reports –

    January 28, 2025
  • MIL-OSI Global: Murdoch’s UK newspapers have apologised to Prince Harry. Where does it leave the legally embattled media empire?

    Source: The Conversation – Global Perspectives – By Matthew Ricketson, Professor of Communication, Deakin University

    This week Prince Harry achieved something few before him have: an admission of guilt and unlawful behaviour from the Murdoch media organisation. But he also fell short of his long-stated goal of holding the Murdochs to account in a public trial.

    The Duke of Sussex, along with Tom Watson, the Labour MP who had led the charge against the Murdochs’ News Group Newspapers (NGN) in the United Kingdom during the 2011–12 phone hacking scandal, are the last to settle their claims against News over their privacy being invaded by phone hacking or through the use of private investigators.

    They join a list of around 1,300 people, including celebrities such as Hugh Grant and Sienna Miller, who have already settled their claims against The Sun newspaper at an estimated cost to Rupert and Lachlan Murdoch’s company of more than £1 billion (almost A$2 billion).

    This one is significant because unlike previous settlements, it came with an admission of wrongdoing and an apology, as well as the perfunctory wheelbarrow full of cash.

    Until now, The Sun has simply refused to say sorry or admit liability. But that stance has become increasingly absurd.

    As Grant posted on X last year when he settled his claim:

    News Group are claiming they are entirely innocent of the things I had accused The Sun of doing. As is common with entirely innocent people, they are offering me an enormous sum of money to keep this matter out of court.

    Prince Harry wrung from News considerably more. In a statement released after the case was settled on Wednesday morning in London, NGN said:

    NGN offers a full and unequivocal apology to the Duke of Sussex for the serious intrusion by The Sun between 1996 and 2011 into his private life, including incidents of unlawful activities carried out by private investigators working for The Sun.

    It went on:

    NGN also offers a full and unequivocal apology to the Duke of Sussex for the phone hacking, surveillance and misuse of private information by journalists and private investigators instructed by them at the News of the World. NGN further apologises to the Duke for the impact on him of the extensive coverage and serious intrusion into his private life as well as the private life of Diana, Princess of Wales, his late mother, in particular during his younger years. We acknowledge and apologise for the distress caused to the Duke, and the damage inflicted on relationships, friendships and family, and have agreed to pay him substantial damages. It is also acknowledged, without any admission of illegality, that NGN’s response to the 2006 arrests and subsequent actions were regrettable.

    Let’s break down what this is actually saying, and what it isn’t.

    Carefully crafted wording

    First, it is undoubtedly a significant admission that in pursuit of stories, The Sun engaged in unlawful activity. That is a big step up (or down, depending on your point of view) from previous settlement statements.

    Note, though, it carefully pins the unlawful activity on private investigators working for The Sun rather than on journalists and, more importantly, editors. The word “incidents” is doing a lot of work here: “widespread” and “industrial-strength” come to mind as more appropriate.

    Harry’s lawyer, David Sherborne, said immediately after the settlement was reached that “NGN unlawfully engaged more than 100 private investigators over at least 16 years on more than 35,000 occasions”.

    He continued: “this happened as much at The Sun as it did at the News of the World with the knowledge of all the Editors and executives, going to the very top of the company.”

    NGN’s statement, then, continues to assert phone hacking did not happen at The Sun but in a roundabout way, somehow, the newspaper benefited from it. Sort of.

    Dancing to avoid perjury

    The company has been engaged in this kind of casuistry ever since 2006 when it said the journalist and private investigator who were found guilty of phone hacking (Clive Goodman and Glen Mulcaire, respectively) were just two bad apples in an otherwise orchard-kissed media basket.

    The hundreds of people who have received payments because their phones were hacked know this only too well, but there is an important reason NGN feels it still has to maintain this charade. To do otherwise would be an admission that it has perjured itself in courts and before inquiries.

    The Murdochs’ company can hardly deny that journalists at the newspaper it was forced to close over phone hacking – The News of the World – were engaged in the practice. Several of them were jailed over it, most notably former editor Andy Coulson.

    As one of Coulson’s former reporters, Dan Evans, testified at his editor’s trial in 2014, “even the office cat knew” phone hacking was happening at the newspaper.

    The newspaper was closed, in large part, to try and persuade the public that the problem of unethical reporters was confined to that newspaper alone.

    They weren’t expected to notice that months later, News set up a Sunday edition of The Sun that continues to be published.

    The legal war continues

    For Prince Harry, this has been a deeply personal campaign, especially as News has admitted seriously intruding into his private life since he was 12, and into his mother’s too, for many years.

    NGN also acknowledged, without any admission of illegality, that its response to the 2006 arrests and its subsequent actions were “regrettable”. This is PR-speak for when you can’t bring yourself to actually apologise.

    Harry’s lawyer went on the attack over these evasions and euphemisms:

    there was an extensive conspiracy to cover up what really had been going on and who knew about it. Senior executives deliberately obstructed justice by deleting over 30 million emails, destroying back-up tapes, and making false denials – all in the face of an ongoing police investigation. They then repeatedly lied under oath to cover their tracks – both in Court and at the Leveson Public Inquiry.

    Beneath the duelling statements, though, is the sense that this settlement, important though it is, may not be the end of the saga.

    It seems clear those backing and advising Prince Harry see the settlement as an important step in pursuing criminal charges against NGN executives, as well as winning a personal apology from Rupert Murdoch himself.

    Will that actually happen? We do know that in Murdoch’s long history in the media, apologies are vanishingly rare.

    We also know that the second part of the Leveson inquiry was shelved by the former Conservative government. The recently elected Labour government has been under pressure from Hacked Off, the public interest group that has been advocating for victims of media intrusion and for reform of media laws ever since the phone hacking came to light in 2011.

    Will Britain’s police and government build on NGN’s partial admissions and apologies? Will they investigate News executives, therefore fulfilling what was meant to occur in the second stage of the Leveson inquiry, whose terms of reference singled out News’s activities as a company?

    Or will they take the cautious view that this rare settlement means justice has now been served and hope, like Murdoch and many of his senior executives, this long-running issue will now just quietly go away?

    It is too early to tell. What we do know is that in recent years, the Murdochs’ once brilliant batting average has dropped like a stone. First, there was the historically high payout in the Dominion lawsuit, then the failed attempt to revoke an irrevocable trust that is tearing apart the family, and now the settlement with Prince Harry.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Murdoch’s UK newspapers have apologised to Prince Harry. Where does it leave the legally embattled media empire? – https://theconversation.com/murdochs-uk-newspapers-have-apologised-to-prince-harry-where-does-it-leave-the-legally-embattled-media-empire-248110

    MIL OSI – Global Reports –

    January 28, 2025
  • MIL-OSI Global: Elon Musk now has an office in the White House. What’s his political game plan?

    Source: The Conversation – Global Perspectives – By Henry Maher, Lecturer in Politics, Department of Government and International Relations, University of Sydney

    Shutterstock/The Conversation

    Elon Musk has emerged as one of the most influential and controversial powerbrokers in the new Trump administration. He spent at least US$277 million (about A$360 million) of his own money to help Donald Trump win re-election, campaigning alongside him around the country.

    This significant investment of time and money raises the question of what the world’s wealthiest person hopes to receive in return. Critics have wondered whether Musk’s support for Trump is just a straightforward commercial transaction, with Musk expecting to receive political favours.

    Or does it reflect Musk’s own genuinely held political views, and perhaps personal political ambition?

    From left to alt-right

    Decoding Musk’s political views and tracking how they have changed over time is a complex exercise. He’s hard to pin down, largely by design.

    Musk’s current X feed, for example, is a bewildering mix of far-right conspiracy theories about immigration, clips of neoliberal economist Milton Friedman warning about the dangers of inflation, and advertisements for Tesla.

    Historically, Musk professes to have been a left libertarian. He says he voted for Barack Obama in 2008 and 2012, Hillary Clinton in 2016 and Joe Biden in 2020.

    Musk claims that over time, the Democratic party has moved further to the left, leaving him feeling closer politically to the Republican party.

    Key to Musk’s political shift, at least by his own account, is his estrangement from his transgender daughter, Vivian Jenna Wilson.

    After Vivian’s transition, Musk claimed she was “dead, killed by the woke mind virus”. She is very much alive.

    He’s since repeatedly signalled his opposition to transgender rights and gender-affirming care, and diversity, equity and inclusion policies more broadly.

    However, if the mere existence of a trans person in his family was enough to cause a political meltdown, Musk was clearly already on a trajectory towards far-right politics.

    Rather than responding to a shift in the Democratic Party, it makes more sense to understand Musk’s changing politics as part of a much broader recent phenomenon known as as “the libertarian to alt-right pipeline”.

    The political science, explained

    Libertarianism has historically tended to be divided between left-wing and right-wing forms.

    Left libertarians support economic policies of limited government, such as cutting taxes and social spending, and deregulation more broadly. This is combined with progressive social policies, such as marriage equality and drug decriminalisation.

    By contrast, right libertarians support the same set of economic policies, but hold conservative social views, such as opposing abortion rights and celebrating patriotism.

    Historically, the Libertarian Party in the United States adopted an awkward middle ground between the two poles.

    The past decade, though, has seen the Libertarian Party, and libertarianism more generally, move strongly to the right. In particular, many libertarians have played leading roles in the alt-right movement.

    The alt-right or “alternative right” refers to the recent resurgence of far-right political movements opposing multiculturalism, gender equality and diversity, and supporting white nationalism.

    The alt-right is a very online movement, with its leading activists renowned for internet trolling and “edgelording” – that is, the posting of controversial and confronting content to deliberately stoke controversy and attract attention.

    Though some libertarians have resisted the pull of the alt-right, many have been swept along the pipeline, including prominent leaders in the movement.

    Making sense of Musk

    While this discussion of theory may seem abstract, it helps to understand what Musk’s values are (beneath the chaotic tweets and Nazi salutes).

    In economic terms, Musk remains a limited-government libertarian. He advocates cutting government spending, reducing taxes and repealing regulation – especially regulations that put limits on his businesses.

    His formal role in the Trump administration as head of the “Department of Government Efficiency”, also known as DOGE, is targeted at these goals.

    Musk has suggested that in cutting government spending, he will particularly target diversity, equity and inclusion (DEI) initiatives. This is the alt-right influence on display.

    Alt-right sensibilities are most evident, however, in Musk’s online persona.

    On X, Musk has deliberately stoked controversy by boosting and engaging with white nationalists and racist conspiracy theories.

    For example, he has favourably engaged with far-right politicians advocating for the antisemitic “Great Replacement theory”. This theory claims Jews are encouraging mass migration to the global north as part of a deliberate plot to eliminate the white race.

    More recently, Musk has endorsed the far-right in Germany. He’s also shared videos from known white supremacists outlining the racist “Muslim grooming gangs” conspiracy theory in the United Kingdom.

    Whether Musk actually believes these outlandish racist conspiracy theories is, in many ways, irrelevant.

    Rather, Musk’s public statements are better understood as reflecting philosopher Harry Frankfurt’s famous definition of “bullshit”. For Frankfurt, “bullshit” refers to statements made to impress or provoke in which the speaker is simply not concerned with whether the statement is actually true.

    Much of Musk’s online persona is part of a deliberate alt-right populist strategy to stoke controversy, upset “the left”, and then claim to be a persecuted victim when criticised.

    Theory vs practice

    Though Musk’s public statements might fit nicely into contemporary libertarianism, there are always contradictions when putting ideology into practice.

    For example, despite Musk’s oft-stated preference for limited government, it’s well documented that his companies have received extensive subsidies and support from various governments.

    Musk will expect this special treatment to continue under a quintessentially transactional president such as Trump.

    The vexed issue of immigration also presents some contradictions.

    Across the campaign, both Musk and Trump repeatedly criticised immigration to the US. Reprising the themes of the far-right Great Replacement theory, Musk claimed illegal immigration was a deliberate plot by Democrats to “replace” the existing electorate with “compliant illegals”.

    However, after the election Musk has argued Trump should preserve categories of skilled migration such as the H1-B visas. This angered more explicit white supremacists, such as Trump advisor Laura Loomer.

    Musk’s motives in arguing for the visas are not humanitarian. H1-B visas allow temporary workers to enter the country for up to six years, making them entirely dependent on the sponsoring company. It’s a situation some have called “indentured servitude”.

    These visas have been used heavily in the technology sector, including in companies owned by both Musk and Trump.

    An unsteady alliance

    So what might we expect from Musk now that he has both political office and influence?

    Musk’s stated aim of using DOGE to cut $2 trillion from the US budget would represent an unprecedented transformation of government. It also seems highly unlikely.

    Instead, expect Musk to focus on creating controversy by cutting DEI initiatives and other politically sensitive programs, such as support for women’s reproductive rights.

    Musk will clearly use his political influence to look after the interests of his companies. Shares in Tesla surged to record highs following Trump’s re-election, suggesting investors believe Musk will be a major financial beneficiary of the second Trump administration.

    Finally, Musk will undoubtedly use his new position to remain in the public eye. This last part might lead Musk into conflict with another expert in shaping the media cycle – Trump himself.

    Musk has already reportedly fallen out with Vivek Ramaswamy, who will now no longer co-lead DOGE with Musk.

    Exactly how stable the alliance between Trump and Musk is, and whether the egos and interests of the two billionaires can continue to coexist, remains to be seen.

    If the alliance persists, it will be a key factor in shaping what many are terming the emergence of a “new gilded age” of political corruption and soaring inequality.

    Henry Maher 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. Elon Musk now has an office in the White House. What’s his political game plan? – https://theconversation.com/elon-musk-now-has-an-office-in-the-white-house-whats-his-political-game-plan-248011

    MIL OSI – Global Reports –

    January 28, 2025
  • MIL-OSI Europe: Announcing 20250008 (LTRO,liquidity providing), for 91 days deadline 10:00

    Source: European Central Bank

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    MIL OSI Europe News –

    January 28, 2025
  • MIL-OSI Economics: RBI publishes Payment System Report, December 2024

    Source: Reserve Bank of India

    The Reserve Bank has today published the Payment System Report, December 2024. This report, in addition to analysing the trends in payment transactions carried out using various payment systems in India during the last five calendar years up to CY-2024, covers important developments in the payment ecosystem and provides an in-depth analysis into UPI. Henceforth, the Report will be published on RBI website on half yearly basis.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2019

    MIL OSI Economics –

    January 28, 2025
  • MIL-OSI Europe: Announcing 20250007 (MRO,liquidity providing), for 7 days deadline 09:30

    Source: European Central Bank

    Our website uses cookies

    We use functional cookies to store user preferences; analytics cookies to improve website performance; third-party cookies set by third-party services integrated into the website.

    You have the choice to accept or reject them. For more information or to review your preference on the cookies and server logs we use, we invite you to:

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    MIL OSI Europe News –

    January 28, 2025
  • MIL-OSI Security: Philadelphia Mental Health Clinic and Its Psychiatrist Owner Agree to Pay $900,000 to Resolve False Claims Act Lawsuit for Alleged Medicaid Fraud

    Source: Office of United States Attorneys

    PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Dr. Ghodrat Pirooz Sholevar and his company, Nueva Vida Multicultural/Multilingual Behavioral Health, Inc., have agreed to pay $900,000 to resolve allegations in the United States’ Amended Complaint that they fraudulently billed Medicaid for medication management appointments for children and other patients that were too short pursuant to applicable regulations. The government alleges that the visits violated rules promulgated by Community Behavioral Health, the local Medicaid program administrator, and the False Claims Act.

    Sholevar and Nueva Vida operated three mental health clinics in Northeast Philadelphia and provided psychiatry services under the Medicaid program to adults and children. Among other mental health services, Sholevar provided medication management appointments for his patients. A medication management appointment or “med check” is required to prescribe, and monitor the effects of, certain drugs for mental health conditions. During a med check, a doctor typically obtains a patient’s relevant history, examines his mental status, assesses his response to the medication, and adjusts any prescriptions or treatment plans if necessary. Medication management appointments are required to be at least 15 minutes in length to be fully reimbursable and documentation of the actual time in clock hours that services were provided is a condition of payment for Medicaid services rendered to patients in Philadelphia.

    In an amended complaint filed on May 7, 2024, the United States contends that, from January 15, 2009, through March 31, 2017, Nueva Vida regularly submitted false bills for medication management appointments performed by Sholevar because these visits were not at least 15 minutes long and instead were likely substantially shorter. Nueva Vida also regularly billed for more medication management appointments than could be completed in a single workday if each appointment were 15 minutes long as required. Nueva Vida billed Medicaid for whole single “units” of medication management, thereby falsely representing that each patient had been seen for the required 15 minutes. The government alleges that, despite conducting appointments that were much shorter than 15 minutes, Sholevar falsely recorded start and end times in patients’ files that made it appear that the patients were seen for a full 15 minutes. These false “clock times” included overlapping times where Sholevar was purportedly seeing two or three patients during the same 15-minute window, and at two different clinic locations.

    The United States further contends that the defendants knew or recklessly disregarded the Medicaid rules regarding the timing of medication management visits. The defendants’ fee schedules for services to Medicaid patients specified that the medication management visit was 15 minutes per “unit” of service billed. The defendants were notified in an audit as early as 2004 that medication management visits ranging from six to twelve minutes were too short. The Medicaid program administrator also regularly recouped payments from the defendants for medication management visits that did not include start and end times, or where there was evidence that the appointment was less than 15-minutes long. But the defendants continued providing too-short appointments and failing to document clock times in treatment records, even after these issues were repeatedly brought to their attention. Nueva Vida ceased operating mental health clinics in 2018.

    “The defendants allegedly overbilled the Medicaid program at the expense of low-income Philadelphians, including children, who were seeking mental health services,” said U.S. Attorney Romero. “These individuals deserved full and appropriate health care services, including careful management of psychiatric drugs that can have dangerous side effects. We will hold accountable those who bill Medicaid but fail to provide the full service, because this not only defrauds the government, but deprives vulnerable individuals of care.”

    “Medicaid provides important mental health services to adults and children,” said Maureen R. Dixon, Special Agent in Charge for the Department of Health and Human Services Office of the Inspector General (HHS-OIG). “The defendants’ actions defrauded the Medicaid program and may have resulted in patients not receiving the full services they deserve. HHS-OIG will continue to work with our partners at the United States Attorney’s Office to investigate allegations of Medicaid fraud and ensure proper services are provided to patients.”

    This settlement resolved a lawsuit that the United States filed under the False Claims Act in the U.S. District Court for the Eastern District of Pennsylvania. The government’s resolution of this matter illustrates the government’s emphasis on combating healthcare fraud. One of the most powerful tools in this effort is the False Claims Act. Tips and complaints from all sources about potential fraud, waste, abuse, and mismanagement can be reported to the Department of Health and Human Services at 800-HHS-TIPS (800-447-8477).

    This matter was investigated by the U.S. Department of Health and Human Services Office of Inspector General. For the U.S. Attorney’s Office, the investigation and settlement were handled by Assistant United States Attorneys Erin Lindgren and Gregory in den Berken and auditor George Niedzwicki.

    The case is captioned United States v. Nueva Vida Multicultural/Multilingual Behavioral Health, Inc. and Ghodrat Pirooz Sholevar, M.D., Civ. No. 24-1451 (E.D. Pa.). The claims resolved by the settlement are allegations only and there has been no determination of liability. 

    MIL Security OSI –

    January 28, 2025
  • MIL-OSI: Pacvue Rolls Out Amazon DSP Management and Optimization Tools to LATAM, EMEA and APAC

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Jan. 27, 2025 (GLOBE NEWSWIRE) — Pacvue, the leading commerce acceleration platform that integrates retail media, commerce management and measurement, today announced expanded access to its full range of Amazon DSP capabilities beyond North America, bringing Pacvue’s intelligent automation, reporting and optimization solutions to 16 countries across LATAM, EMEA and APAC. Through Pacvue, brands in these regions now have self-serve access to a full suite of programmatic media solutions to elevate their growth strategies. 

    “Our partners around the globe have been eagerly awaiting access to Amazon DSP tools, so we’re excited to be among the first platforms to unlock these new capabilities for them,” said Melissa Burdick, president and co-founder at Pacvue. “Access to Amazon DSP tools brings greater capabilities and reach for advertisers in these regions, as well as opportunities for growth from a wider variety of ad types, channels and audiences.”

    Pacvue is an early adopter of the Amazon DSP Campaign Management API’s global expansion. Previously, Pacvue’s Amazon DSP customers outside North America only had access to reporting capabilities. Now, advertisers in these regions are able to leverage the Pacvue platform to reach Amazon Ads audiences via Amazon DSP. This expansion includes campaign creation and management, budget, bid and dayparting automation controls.

    “The synergy between Amazon DSP, Amazon Search and Pacvue’s intelligent platform has transformed how we are able to measure success on a global scale for Crucial, Micron’s only consumer brand,” said Becky Durbin, VP Marketplaces at Labelium. “By combining our Amazon targeting strategy with Pacvue’s advanced optimization and reporting tools, we successfully activated new AMC audiences, drove campaign efficiencies and delivered impactful, full-funnel measurement across multiple markets.”

    Pacvue announced the following features for customers in expanded regions:

    • Amazon sponsored ads & Amazon DSP combined dashboard
    • AMC audience creation that enables seamless transitions from insights to action via Amazon DSP campaigns
    • Automation tools like dayparting, allowing for precise optimizations throughout the day
    • Automated budget management that controls monthly and daily spend without manual oversight
    • Advanced reporting and analytics powered by Amazon Ads performance data and Pacvue’s industry-leading tech

    Countries where Pacvue’s full Amazon DSP platform will now be available:

    • North America: United States, Canada and Mexico
    • EMEA: Germany, Spain, France, Italy, Netherlands, Poland, Sweden, Turkey, United Kingdom, Saudi Arabia, United Arab Emirates
    • LATAM: Brazil 
    • APAC: Australia, India, Japan, Singapore

    In addition to the expansion of Amazon DSP campaign management tools, Pacvue is also an official Amazon DSP Reseller. As a reseller, Pacvue offers businesses access to Amazon DSP capabilities, empowering advertisers with the tools and support needed to maximize their digital advertising impact.

    Visit Pacvue.com to learn about its latest commerce solutions and recent company developments.

    About Pacvue:
    Pacvue is the leading commerce acceleration platform that integrates retail media, commerce management, and measurement. The company’s first-to-market platform drives incrementality, profitability and market share for brands, while turning insights into actionable recommendations. Backed by a global team of experts, Pacvue works with over 70,000 brands and agencies across 95+ retailers worldwide including Amazon, Walmart, Target and Instacart. With the incorporation of Pacvue’s enterprise solution with Helium 10 for SMBs, Pacvue is now the most comprehensive commerce and retail media platform available in the market. Founded in 2018, their global presence includes locations in Seattle, New York, Los Angeles, Washington DC, London, Shanghai and Tokyo. For more information, visit www.pacvue.com.

    The MIL Network –

    January 28, 2025
  • MIL-OSI: Codego Revolutionizes Merchant Payments with New Cryptogateway Solution

    Source: GlobeNewswire (MIL-OSI)

    Milan, Italy, Jan. 27, 2025 (GLOBE NEWSWIRE) — Codego, a licensed EMI/Virtual Asset Operator and banking innovator, has announced the launch of its groundbreaking Cryptogateway solution for merchants. This new platform sets a global standard in digital payment technology, offering unparalleled functionality for both in-person and remote transactions.

    The Future of Payments Is Here

    Codego’s Cryptogateway enables merchants to accept cryptocurrency payments seamlessly from customers while receiving funds instantly in their IBAN accounts. Accepting payments in Bitcoin, Litecoin, Dogecoin, Ethereum, USDT, and USDC from customers, while allowing merchants to receive settlements in 35 fiat currencies directly into their preferred IBAN accounts, with zero transaction fees, the solution delivers instant, borderless, and cost-effective payment processing.

    Merchants can create multiple Terminal IDs at no cost, making it easy to manage different business locations or divisions. This flexibility, combined with cutting-edge technology, ensures a user-friendly experience for businesses of all sizes.

    Why Codego’s Cryptogateway Is the Ultimate Solution

    The solution is ideal for industries such as gambling and forex, enabling customers to deposit in cryptocurrencies and ensuring instant settlement of funds directly to merchants’ IBAN accounts.
    – Zero Fees: Merchants pay no commissions on transactions, maximizing their revenue.
    – Instant Settlement: Payments are processed and funds are available instantly, reducing cash flow delays.
    – Global Reach: Supports 35 cryptocurrencies, enabling businesses to cater to a wider audience.
    – Easy Integration: Multi-terminal setups at no cost ensure seamless adoption.
    – Licensed and Secure: Codego operates under EMI/Virtual Asset and banking licenses in multiple jurisdictions, ensuring full regulatory compliance.

    “Codego’s Cryptogateway is not just another payment solution; it’s a revolution in how businesses interact with digital assets. We’re empowering merchants to embrace the future of payments without complexity or excessive costs,” saidSimone Binotto Torre, Chief Operating Officer, Codego.

    A Trusted Global Partner in Financial Innovation

    Codego is renowned for its pioneering role in the financial technology landscape. With banking licenses across multiple countries and a reputation for providing White Label IBAN bank accounts to emerging neobanks, Codego continues to drive innovation. The company operates 11 branches globally, spanning Europe, the Middle East, the United States, and now Oceania. Its  expansion reflects a commitment to bringing cutting-edge solutions to every corner of the globe.

    Redefining Merchant Solutions

    This Cryptogateway launch is part of Codego’s ongoing mission to revolutionize financial services through innovation. From supporting neobanks with White Label solutions to creating customer-centric payment platforms, Codego’s expertise ensures merchants stay ahead in an ever-evolving market.

    About Codego

    Codego is a global leader in financial technology, offering licensed banking and payment solutions that empower businesses to thrive. For more information about our White Label solutions, codegotech.com and codegopay.com. With a presence across Europe, the Middle East, the United States, and Oceania, Codego delivers tailored solutions for modern commerce. From White Label IBAN bank accounts to innovative payment gateways, Codego is at the forefront of financial evolution.

    The MIL Network –

    January 28, 2025
  • MIL-OSI: Jamf achieves StateRAMP Authorized status to meet organizations’ most stringent compliance needs

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Jan. 27, 2025 (GLOBE NEWSWIRE) — Today, Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, announced it has achieved StateRAMP Authorized status for its Jamf Pro and Jamf School products. Achieving this certification highlights Jamf’s continued commitment to meeting the needs of high compliance organizations.

    StateRAMP is a critical cloud security assessment and authorization program designed to address the specific technology and compliance requirements of education institutions as well as state and local governments. 

    Jamf Pro and Jamf School can now be found on the StateRAMP Authorized Product List. Authorized status is the highest level of verification within the StateRAMP program. It signifies that Jamf Pro and Jamf School meet all the required security controls within the StateRAMP framework, have been assessed by a third-party assessment organization (3PAO), and the results have been verified by the StateRAMP PMO.

    “StateRAMP Authorized status is a significant accomplishment,” said Linh Lam, CIO at Jamf. “As a best of breed solution, our high compliance customers expect us to help them comply with the most demanding industry regulations. With Authorized status, Jamf’s state, local, and education customers can be assured our StateRAMP environment will help protect their information systems and assets from cyber threats, while meeting their compliance obligations.”

    To maintain this status, Jamf must comply with monthly continuous monitoring requirements and conduct annual and significant change audits. 

    To learn more about Jamf information security, compliance and privacy, visit: https://www.jamf.com/trust-center/.

    About Jamf
    Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment that is enterprise secure, consumer simple and protects personal privacy. To learn more, visit www.jamf.com.

    Media Contact:
    Liarna La Porta | media@jamf.com

    Investor Contact:
    Jennifer Gaumond | ir@jamf.com

    The MIL Network –

    January 28, 2025
  • MIL-OSI: Voxtur Terminates Definitive Agreement with University Bancorp

    Source: GlobeNewswire (MIL-OSI)

    TORONTO and TAMPA, Fla., Jan. 27, 2025 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF), a technology company creating a more transparent and accessible real estate lending ecosystem, today announced the termination of the definitive agreement dated Friday July 26, 2024, with University Bancorp, Inc. (“University”) for the acquisition of 50.5% stake in Blue Water Financial Technologies Holding Company, LLC, an indirect subsidiary of Voxtur (“Blue Water”).

    About Voxtur

    Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit www.voxtur.com.

    Forward-Looking Information

    This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) which reflect the expectations of management regarding the Company’s strategic initiatives, plans, business prospects, and opportunities. Forward-looking statements should not be read as guarantees of future events, performance or results, and give rise to the possibility that management’s predictions, forecasts, projections, expectations, or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include but is not limited to: the effects of unexpected costs, liabilities or delays; success of software activities; the competition for skilled personnel; expectations for other economic, business, environmental, regulatory and/or competitive factors related to the Company, or the real estate industry generally; anticipated future production costs; and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: implementation of new products; changing global financial conditions; reliance on specific key employees and customers to maintain business operations; competition within the Company’s industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company’s dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein.

    This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    Voxtur’s common shares are traded on the TSXV under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.

    Voxtur Contact:
    Jordan Ross
    Chief Operating Officer
    Tel: (416) 708-9764
    Email: jordan@voxtur.com

    The MIL Network –

    January 28, 2025
  • MIL-OSI: Discover the Future of AI Video in an Online Webinar with Beamr, Oracle and NVIDIA

    Source: GlobeNewswire (MIL-OSI)

    Join an online webinar, “The Future of Video AI – From Infrastructure to Experience,” on January 29, 2025, at 11:30 AM ET

    Herzliya Israel, Jan. 27, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today announced a webinar exploring “The Future of Video AI – From Infrastructure to Experience”, with Jeffrey Schick, VP Strategic Client Engagement Media and Entertainment at Oracle, Richard Kerris, VP of Media and Entertainment at NVIDIA, and Sharon Carmel, CEO and Co-Founder at Beamr. The online webinar will be held on January 29, 2025, at 11:30 AM ET. To join the webinar, please register here.

    The webinar will explore the opportunities and challenges of building high-performance video pipelines for AI-driven applications. The discussion will highlight the infrastructures and technologies essential for creating engaging experiences, providing insights relevant to companies already utilizing AI video pipelines or those considering using them. The webinar will discuss Oracle Cloud Infrastructure (OCI), which delivers powerful AI compute with advanced graphics and media accelerated with NVIDIA L40S GPUs. Beamr’s proprietary Content Adaptive Bitrate technology (CABR) is available on OCI through the Beamr Cloud service, allowing high-efficiency video operations. The webinar will also highlight NVIDIA Holoscan for Media, NVIDIA’s AI platform for live media, NVIDIA’s 8th-generation GPU encoder (NVENC), the NVIDIA Blackwell architecture for Generative AI and NVIDIA RTX 4000 Ada Generation GPUs.

    The webinar will cover:

    • How AI is revolutionizing the video industry: Explore the upcoming change in handling, storing and delivering media content while improving user experiences.
    • Real-time content personalization: Learn about AI models’ ability to adapt videos and deliver unlimited content versions within the same process, as well as other innovative use cases.
    • The landscape of video AI models: Gain insights about generative AI models translating text to video, algorithms transforming video to text, enabling automated tagging and editing, or advanced features like super resolution – taking low resolution videos and transforming them to 4K resolution and beyond.

    To join the online webinar “The Future of Video AI – From Infrastructure to Experience”, please register here.

    ​​About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:

    investorrelations@beamr.com

    The MIL Network –

    January 28, 2025
  • MIL-OSI: Devvio Inc. Grants Exclusive Global License for Groundbreaking Exchange Technology to DevvDigital Inc

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Jan. 27, 2025 (GLOBE NEWSWIRE) — DevvDigital Inc. is proud to announce it has been granted an exclusive global license from Devvio Inc, for its next-generation exchange technology, allowing for the operation of DevvExchange—a revolutionary digital asset exchange platform that sets new benchmarks for security, speed, and compliance. DevvExchange will allow customers to trade digital assets while maintaining full control of their assets throughout exchange transactions. Further, high-speed and cost-effective exchange transactions settle mathematically instantaneously, solving one of the biggest problems across all types of exchanges today.

    The key invention for the new exchange approach is Devvio’s patent pending Contingent Transaction Set (CTS) technology, which allows blockchain transactions to be grouped together and directly validated on the DevvX blockchain by its validators. Transactions in a CTS are each approved if and only if all criteria for the transactions are individually met. Then, when a group of exchange transactions is validated, all transactions occur at the same mathematical instant, thereby exchanging assets instantaneously with no middlemen or settlement risk.

    This strategic collaboration positions DevvExchange as the premier destination for institutional and retail traders alike, leveraging Devvio’s cutting-edge DevvX blockchain, which boasts unparalleled capabilities such as infinite scalability, unparalleled throughput, architectural flexibility, ease of integration through a RESTful API, and best-in-class cost-effectiveness.

    A New Era for Digital Asset Trading

    With the exclusive license in place, DevvDigital is uniquely empowered to drive the global rollout of this powerful new exchange architecture, transforming the trading experience by eliminating the inefficiencies and risks that plague traditional exchanges. Key features include:

    • Non-Custodial Architecture: Users retain full control of their assets at all times, enhancing security and eliminating settlement risks. Middlemen, and their related costs and delays, are removed. This approach removes the risks that the FTX exchange infamously demonstrated.
    • Instant T+0 Settlement: Trades are settled instantaneously, removing counterparty risks. Transactions are validated directly by validators on the DevvX blockchain rather than through smart contract implementations, which provides for fast, inexpensive trades.
    • Regulatory First: Built to meet and exceed the strictest compliance standards in key jurisdictions, DevvExchange will provide users with unmatched peace of mind. For the first time, a regulatory compliant digital-asset exchange will allow for trades where users’ assets are not held by the exchange itself.

    “I have no doubt that global asset exchanges of the future will be implemented as we, for the first time, now allow– mathematically instantaneous exchange with no middlemen,” said Tom Anderson, CEO of Devvio Inc. “That is a big statement, but it should be intuitively clear. If any two parties can exchange assets immediately and inexpensively, with no counterparty risk and full control of their assets throughout a trade, it is a dramatic improvement over both TradFi and Crypto exchanges that exist today. This is the future of exchanges, and our goal is to become the new gold standard in the space.”

    About Devvio Inc.

    Devvio Inc. is a global pioneer in blockchain technology, renowned for its scalable, sustainable, and secure solutions. Its DevvX blockchain has been recognized as one of the most advanced infrastructures in the industry, changing the way that blockchain is integrated in all aspects of business.

    About DevvDigital

    DevvDigital is a forward-thinking digital solutions provider dedicated to leveraging blockchain technology for real-world impact. As the exclusive operator of DevvExchange, DevvDigital is committed to transforming the way people interact with digital assets, prioritizing user empowerment, security, and innovation.

    This press release contains forward-looking statements, including but not limited to statements regarding the anticipated benefits and future operations of DevvExchange under the license agreement with Devvio. These statements are based on current expectations, projections, and assumptions and are subject to risks and uncertainties that could cause actual outcomes to differ materially. Factors that may cause such differences include, but are not limited to, market conditions, regulatory changes, technological developments, and other unknown risks. DevvDigital assumes no obligation to update or revise forward-looking statements to reflect new information, events, or circumstances, except as required by law.

    Media Contact
    Davin Broadbent
    CMO DevvDigital
    DevvDigital@devvio.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0ab1613-fc16-44f6-82da-3e6e82297f4b

    The MIL Network –

    January 28, 2025
  • MIL-OSI Economics: Apple introduces the 2025 Black Unity Collection

    Source: Apple

    Headline: Apple introduces the 2025 Black Unity Collection

    UPDATE January 27, 2025

    Inspired by the rhythm of humanity, a new Apple Watch Black Unity Sport Loop, watch face, and iPhone and iPad wallpapers honor Black History Month

    Apple today unveiled a new Black Unity Collection to honor Black History Month, and celebrate Black culture and community. Inspired by the rhythm of humanity, the collection includes a special-edition Apple Watch Black Unity Sport Loop, a matching watch face, and iPhone and iPad wallpapers.

    As part of the launch, Apple is supporting several global organizations whose work focuses on elements of rhythm, creativity, and community. This includes grants to the Ellis Marsalis Center for Music in New Orleans; Battersea Arts Centre in London; Music Forward Foundation in Los Angeles; Art Gallery of New South Wales in Sydney; and The National Museum of African American Music in Nashville, Tennessee. Apple’s support for these organizations builds upon the company’s longstanding commitment to advancing economic, educational, and creative opportunities in communities around the world.

    Black creatives and allies at Apple collaborated on the design of the new collection. The collection, Unity Rhythm, weaves together the colors of the Pan-African flag: black, green, and red. The Black Unity Sport Loop is woven in a custom pattern of raised and recessed loops that creates a lenticular effect, revealing green on one side of each loop, and red on the other. When the band is worn, the colors appear dynamic, shifting from green to red as a user moves their wrist, and the color yellow appears in the transition, as if by magic.

    The matching Unity Rhythm watch face features custom numerals formed by intertwined threads of red, green, and yellow. The watch face reacts to the gyroscope, so when a user raises their wrist to check the time, the strands coalesce from a series of abstract brush strokes into digits. When using the Unity Rhythm watch face, distinctive, rhythmic chimes mark every hour and half hour.

    The matching Unity Rhythm watch face features custom numerals formed by intertwined threads of red, green, and yellow.

    The Unity Rhythm iPhone and iPad wallpapers feature the same custom lettering writing the word “Unity,” which changes orientation when the device is unlocked and locked.

    MIL OSI Economics –

    January 28, 2025
  • MIL-OSI Asia-Pac: Officials celebrate with the grassroots

    Source: Hong Kong Information Services

    Chief Secretary Chan Kwok-ki and other principal officials of the Government met different families on the third day of their year-end caring visits across Hong Kong’s 18 districts in celebration of the upcoming Lunar New Year.
     
    While visiting elderly singleton and doubleton grassroots families living in Po Lam Estate, Mr Chan chatted with them and celebrated the festive joy together.
     
    Over in Kennedy Town, Secretary for Justice Paul Lam visited seniors living there to learn about their daily lives and needs and presented them with Chinese New Year blessing bags.
     
    Deputy Financial Secretary Michael Wong visited elderly couples, grassroots and ethnic-minority households living in Lei Muk Shue Estate.
     
    Meantime, other principal officials toured Kwun Tong, Yuen Long, Sham Shui Po, Eastern, North, Wan Chai and Tai Po districts to meet grassroots families, seniors and people with disabilities.
     
    Secretary for Environment & Ecology Tse Chin-wan, Secretary for Commerce & Economic Development Algernon Yau, Secretary for Housing Winnie Ho, Secretary for the Civil Service Ingrid Yeung, Secretary for Transport & Logistics Mable Chan, Secretary for Culture, Sports & Tourism Rosanna Law and Acting Secretary for Labour & Welfare Ho Kai-ming also joined the event.
     
    They were accompanied by the district council members and representatives from the District Services & Community Care Team.

    MIL OSI Asia Pacific News –

    January 28, 2025
  • MIL-OSI: Ninepoint Partners LP Launches Two New Series of Ninepoint Global Infrastructure Fund and Announces Termination of Ninepoint Carbon Credit ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Jan. 27, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (Ninepoint Partners) is pleased to announce the launch of two new series of Ninepoint Global Infrastructure Fund, being Series T and Series FT. As of January 16, 2025, Ninepoint Global Infrastructure Fund is now available in Series A, Series F, Series T, Series FT, Series I and Series D securities.

    The investment objective of Ninepoint Global Infrastructure Fund is primarily to maximize risk adjusted long-term returns and secondarily to achieve a high level of income. Ninepoint Global Infrastructure Fund focuses on achieving growth of capital through securities selection and pursues a long-term investment program with the aim of generating capital gains and seeks to provide a moderate level of volatility and a low degree of correlation to other asset classes through diversifying across a relatively concentrated group of global infrastructure stocks.

    “The Series T and Series FT are designed to provide investors with a greater amount of cash flow compared to other available series, making them an attractive option for those seeking a reliable source of investment income,” commented Jeff Sayer, Vice President & Portfolio Manager, Ninepoint Partners. “With a target annualized distribution of 6.0%, paid monthly, these series’ distributions are comprised of return of capital, net income, and capital gains, delivering a consistent income stream.”

    Ninepoint Partners also announced today it intends to terminate Ninepoint Carbon Credit ETF effective on or about March 28, 2025 (the Termination Date). Effective immediately, Ninepoint Carbon Credit ETF is closed to new purchases, however, investors can continue to trade ETF series units on Cboe Canada until they are delisted. Investors may also redeem or switch their mutual fund series units of Ninepoint Carbon Credit ETF up to the close of business on the Termination Date. Ninepoint Partners will waive any short-term trading fees for redemptions of units of Ninepoint Carbon Credit ETF prior to the Termination Date. Investors that still hold units of Ninepoint Carbon Credit ETF on the Termination Date will receive a cash payment for their units equal to the proportionate share of all property and assets of Ninepoint Carbon Credit ETF attributable to the applicable series of Ninepoint Carbon Credit ETF, which is expected to be the series net asset value per unit on the Termination Date multiplied by the number of units held.

    Ninepoint Partners will send a notice to each investor in Ninepoint Carbon Credit ETF regarding the termination. The ETF series units of Ninepoint Carbon Credit ETF are expected to be delisted from Cboe Canada, at the request of Ninepoint Partners, at the close of business on or about March 26, 2025. As Ninepoint Carbon Credit ETF prepares to terminate, it may no longer be fully invested in accordance with its stated investment objectives outlined in the simplified prospectus.

    About Ninepoint Partners LP

    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) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the Fund will be able to maintain its NAV per security at a constant amount or that the full amount of your investment in the Fund will be returned to you. Past performance may not be repeated.

    Forward-Looking Statements

    This press release contains “forward-looking information” within the meaning of applicable securities laws in Canada (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Ninepoint Partners LP to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Ninepoint Partners LP disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Ninepoint Partners LP undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

    Sales Inquiries:
    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    The MIL Network –

    January 28, 2025
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