NewzIntel.com

Category: Business

  • MIL-OSI Russia: A special issue of the newspaper “For Construction Personnel” was published for the anniversary of the Faculty of Economics and Management

    MIL OSI Translation. Region: Russian Federation –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering –

    Download September issue

    A special issue of the newspaper “For Construction Personnel” was published, dedicated to the 25th anniversary of the Faculty of Economics and Management of St. Petersburg State University of Architecture and Civil Engineering.

    In the latest issue read:

    Selection of profiles – according to the needs of the labor market

    Dean of the Faculty of Economics and Management Galina Tokunova talks about the rich history of training specialists in the field of construction economics at our university and why applicants’ interest in these professions is growing.

    How to become successful in your profession, head a university and build a business

    The pages of the newspaper present two paths to success for specialists from different eras: Yuri Panibratov, a professor-consultant who previously held the position of rector of SPbGASU, and Sergey Veselov, a 2009 graduate, PhD in Economics and founder of the Development Systems group of companies. Their experience shows that the main components of success are relevant at any time.

    Department – industry: six areas of interaction

    Educational process in partnership with the industry. We tell how the cooperation of the construction management department with industry companies helps in updating the curriculum, professional orientation and employment of students.

    Scientific research in a foreign language

    Why are scientific events in a foreign language a step into the future of a specialist? Find out from the head of the Department of Intercultural Communication Elena Selezneva and student Sofia Myagkaya.

    Teaching stimulates self-development

    Get a diploma and stay at the university! Associate Professor of SPbGASU Olga Bochkareva spoke about the advantages of teaching, the key to success in it, and how communication with students helps keep abreast of modern times.

    FEU is a faculty of energetic and creative people

    Students talk about the great opportunities at the faculty and at the university, and first-year students share their emotions about admission and impressions from the first month of study.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://www.spbgasu.ru/nevs-and-events/nevs/special issue-of-the-newspaper-for-construction-personnel-for-the-anniversary-of-the-faculty-of-economics-and-management/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Video: Rivers Don’t Stop The Army! | U.S. Army

    Source: US Army (video statements)

    : DMD

    About the U.S. Army:

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

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

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts #RiverCrossing #USACE

    https://www.youtube.com/watch?v=uV52qOMmric

    MIL OSI Video –

  • MIL-OSI Economics: China to Host 10th AIIB Annual Meeting in 2025

    Source: Asia Infrastructure Investment Bank

    The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that the Bank’s 10th Annual Meeting will be held in Beijing in June 2025.

    A ceremony took place in Samarkand, Uzbekistan to mark the end of the 2024 AIIB Annual Meeting and the handover to the host country of the 2025 AIIB Annual Meeting.

    Lan Foan, AIIB Governor for China, Chair of the AIIB Board of Governors for 2025 and host of the 2025 AIIB Annual Meeting, received the gavel in a ceremonial transfer from Laziz Kudratov, AIIB Governor for Uzbekistan and Chair of the AIIB Board of Governors for 2024 and host of the 2024 AIIB Annual Meeting.

    “We are grateful for the continued support from both the Governments of China and Uzbekistan,” said Jin Liqun, AIIB President and Chair of the Board of Directors. “The AIIB Annual Meetings are an important opportunity to seek invaluable insights and guidance from our shareholders on our Bank’s strategic direction and initiatives. Active engagement with our shareholders has been essential for promoting transparency and cooperation, which underpins AIIB’s growth and impact.”

    “Since its establishment, with the joint support of all Members and the joint efforts of the Management and staff led by President Jin Liqun, AIIB has achieved remarkable results in its business operations and has been fully recognized by the international community,” said Minister Lan Foan. “AIIB has become a new and important member of the multilateral development bank family and has made positive contributions to promoting global economic governance reform and achieving common global development. 2025 marks the 10th anniversary of AIIB, and we look forward to reflecting on the Bank’s achievements over the past decade and collaborating to shape the development blueprint of the Bank for the next 10 years.”

    The dignitaries also expressed their appreciation to the people and government of Uzbekistan for hosting the 2024 AIIB Annual Meeting.

    About AIIB

    The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved Members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Bihar Awami Co-operative Bank Limited, Patna

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated September 20, 2024, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty thousand only) on The Bihar Awami Co-operative Bank Ltd., Patna (the bank) for contravention of the provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act) and for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers vested in RBI, conferred under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of BR Act.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of contravention of statutory provisions and non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

    After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI found, inter alia, that the following charges against the Bank were sustained, warranting imposition of monetary penalty.

    The bank had:

    1. failed to transfer eligible amounts to the Depositor Education and Awareness Fund within the prescribed period; and

    2. failed to review risk categorisation of its customers as per the prescribed periodicity.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1163

    MIL OSI Economics –

  • MIL-OSI Africa: KZN teams on standby ahead of predicted adverse weather

    Source: South Africa News Agency

    The KwaZulu-Natal provincial government has announced that highly efficient and dedicated teams are on standby with an expected drop in temperatures later this week, with a possibility of snow.

    While the South African Weather Service (SAWS) has not issued an official weather warning, the weather service predicts the possibility of snow over the high lying areas of the Western Cape from 29 September 2024, which will spread into the Eastern Cape and KwaZulu-Natal by 30 September 2024.

    Addressing a media briefing on Thursday, KwaZulu-Natal MEC for Transport and Human Settlements Siboniso Duma said the Road Incident Management Systems (RIMS) led by South African National Roads Agency Limited (SANRAL) comprising of all key role players on the national, provincial, and municipal road networks were putting together a consolidated plan.

    “They are identifying areas where joint operations and coordination will be established – covering all notorious roads and areas identified from past experiences. 

    “The department’s Road Traffic Inspectorate is establishing a satellite centre on top of Van Reenen’s Pass to ensure quick action and road closure to mitigate against people getting trapped in the snow,” the MEC said.

    This satellite centre will start operating on Saturday afternoon and operate on a 12-hour shift.

    Traffic law enforcement officials are already involved in the coordination of possible road closures and observation of major routes in consultation with the N3 Toll Concession. 

    “The focus is on the N3 between Harrismith, Tugela Toll, R617 between Kokstad and Underberg, N2 Ingeli and N3 Mooi River, and others. We wish to indicate that the team will also be responsible for escorting trucks and vehicles to ensure that there is no congestion on the road. 

    “However, members of the public and motorists are urged to reschedule or postpone their journeys in anticipation of any eventuality. Prevention is better than cure.

    “Motor graders are currently being sharpened to respond with … urgency to remove any snow before accumulating on the road. More than 10 graders will be stationed in identified routes to ensure that our response is faster,” the MEC said.

    The province has 21 graders which will be on standby as part of strengthening prevention measures.

    “On Wednesday, we interacted with SAWS. They informed us that KwaZulu-Natal will be affected by snowfall from Monday into Tuesday. The areas that are expected to be affected include Ladysmith, Underberg, Drakensberg as well as Giant Castle, and other high-ground area.

    “In addition, they emphasised that, in all likelihood, snowfall will stop on Tuesday but will be followed by rainfall in various parts of the province, including Durban and other coastline areas,” Duma said.

    The MEC said the provincial government has started engaging with key stakeholders to ensure that everyone works together to avoid any crisis and ensure the safety of road users.

    “We have continuous engagements with road freight industry stakeholders such as operators – trucking companies – companies that are managing and supplying drivers.

    “The South African National Taxi Council and bus councils, bus and truck associations are key stakeholders as we strengthen our road safety measures. We do not want to leave out port operators and the entire value chain of fast-moving consumer goods,” Duma said.

    The provincial government has assigned engineers in consultation with SANRAL to look at the impact of the recent heavy snowfall on the road infrastructure.

    “The truck congestion on N3 last weekend compels us to intensify our plans aimed at modernisation and development of rail transport – both freight and passenger.

    “Working with the Minister of Transport Barbara Creecy, the Passenger Rail Agency of South Africa (PRASA) and other main roleplayers, as KwaZulu-Natal we believe that we must ensure that we deploy wagons to move cargo from road to rail, with a specific focus on certain goods, such as coal.

    “In addition, we want to improve rail services in the province so that it could serve as the backbone of public transport while at the same time recognising the huge challenges currently facing commuter rail services in KwaZulu-Natal and throughout the country,” he said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: Taiwan’s Trade Remedy Commission determines to Continue the Antidumping Investigations on Portland Cement and its Clinker from Vietnam

    Source: Republic Of China Taiwan 2

    On September 26, 2024 the Trade Remedy Commission of the Ministry of Economic Affairs (MOEA) made an affirmative preliminary determination in its injury investigation involving the antidumping duty case concerning Portland Cement and its Clinker from Vietnam.

    According to the affirmative preliminary determination, the Trade Remedy Commission found that there is a reasonable indication that an industry in Taiwan(ROC) is threatened with materially injured by reason of imports of Portland Cement and its Clinker from Vietnam that are alleged to be sold in Taiwan(ROC) at less than normal value.

    Under the jurisdiction set forth in the Regulations Governing the Implementation of the Imposition of Countervailing and Antidumping Duties, the MOEA shall make an investigation, conducted by the International Trade Administration, as to whether there is any injury to a Taiwan(ROC) industry. As a result of the MOEA’s affirmative preliminary determination, the Ministry of Finance will continue to conduct a dumping investigation of imports of Portland Cement and its Clinker from Vietnam, and its preliminary determination will be made within 70 days (if not extended) after the next day of receipt of a notice of the foregoing determination.

    A public version of the injury investigation report in Chinese will be available after October 26, 2024 from the International Trade Administration’s website (https://www.trade.gov.tw/).

    MIL OSI Asia Pacific News –

  • MIL-OSI Global: David Olusoga’s new book joins the struggle to make Black history mainstream

    Source: The Conversation – UK – By Jenny Woodley, Senior Lecturer in Modern American History, Nottingham Trent University

    For decades, Black history in the UK has been siloed from the mainstream, as if incidental to the nation’s history. Black History Month in October is dedicated to celebrating Black heritage, but the rest of the year, it feels largely neglected and ignored. Public historian and broadcaster David Olusoga, is at the forefront of efforts to integrate Black history into our national story.

    His latest book, Black History for Every Day of the Year, co-created with two of his siblings, Yinka and Kemi, is another contribution to that work. This attractive and substantial book has an entry for each calendar day detailing an event, person, place, or theme associated with black history.

    There are biographies of artists, musicians, activists, politicians, filmmakers, writers, and scientists. We learn about legal cases, such as Brown v Board of Education, when racial segregation in US schools was ruled unconstitutional, and the Mansfield Judgment, a 1772 British ruling which decided the fate of enslaved African James Somerset, and was used by abolitionists in their campaign to end slavery.

    We get to see important objects, like the Benin Bronzes, a collection of sculptures created by skilled artisans in the Kingdom of Benin – now part of Nigeria – which were looted by British forces in 1897. They were then given to institutions like the British Museum, where some are still on display.

    The book narrates histories of violence and injustice, from centuries of enslavement and brutal colonial rule, to South Africa’s Sharpeville massacre when, in March 1960, 69 people protesting apartheid laws were killed by the police.

    The tragedy of the 1981 New Cross fire in south London, where 14 young Black people were killed in a suspected arson attack on a house party, is recounted as is the racist murder of teenager Stephen Lawrence, also in south London in 1993.

    It tells stories of resistance and resilience, such as the uprising of enslaved people in Jamaica in 1760, known as Tacky’s revolt, and the 1961 Freedom Rides, when Black and white students challenged racial segregation on American buses and were met with violence.

    In Britain it examines the Bristol bus boycott of 1963, a four-month-long protest against the bus company’s refusal to hire Black or Asian drivers. Many of the events and names will be familiar to some readers but there is likely to be plenty that is new and novel.

    It is not a book which invites intensive reading, but rather the joy is to dip in and out, finding connections between entries, dates and themes. The popularity of social media “On This Day” posts suggests many readers will enjoy connecting past with present.

    At the end of the volume, as well as a glossary of terms, are 12 timelines which place some of the entries into a more cohesive – though potentially more limiting – narrative.

    For example, they outline Black resistance to slavery, abolitionist movements, and histories of imperialism and colonialism. Both here and throughout the book readers are pointed to connections between the entries. The text is enhanced by beautiful illustrations at the beginning of each month, which explore objects, places and themes associated with the entries, and the timelines are likewise creatively illustrated.

    Black History for Every Day is educational and informative, but it is written with a deft touch and its format, along with the illustrations and inclusion of photographs, mean it is also engaging and accessible.

    The scope of the histories included is global and many are transnational, showing the connections between the struggles and stories of people of African descent across the world. However, the majority of entries are associated with British and US history. This is not surprising given the authors’ research interests and the likely market for the book.

    While it is apparent that an attempt has been made to be geographically and chronologically diverse, around a third of the 366 entries deal with US history, suggesting that our understanding of Black history is still often dominated by its American iterations.

    The book is not attempting to break new ground. The timeline of the US civil rights movement, for example, begins with the Supreme Court ruling to desegregate education in 1954 and includes the acts of nonviolent direct action which have dominated the widely accepted “master narrative” of the era.

    However, the book does at least go slightly beyond the usual cut-off point to include the Black Panther Party’s breakfast program, which addressed poverty and hunger in the Black community between 1969 and 1980, and the murder of Black Panther deputy chairman Fred Hampton, who was killed in 1969 at the age of 21.

    The entry for Martin Luther King Jr. claims he organised the Montgomery bus boycott, ignoring the contributions of black women who were the driving force behind the movement. This is somewhat modified by the entry for activist Rosa Parks, which acknowledges the work of the Women’s Political Council in Montgomery.

    The book’s purpose is not to be comprehensive; it cannot be, given its breadth. Rather, each entry is intended to serve as an introduction. The authors explain they hope people will be inspired to find out more after reading it.

    Taken together, the daily entries narrate centuries of discrimination, violence and injustice against people of African descent. But they also tell stories of Black resilience, innovation, talent and achievement. The Olusogas’ book is published in time for Black History month in the UK, but it makes the case for engaging with black history beyond a single month every year.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    Jenny Woodley has received funding from the British Academy and the Leverhulme Trust.

    – ref. David Olusoga’s new book joins the struggle to make Black history mainstream – https://theconversation.com/david-olusogas-new-book-joins-the-struggle-to-make-black-history-mainstream-238825

    MIL OSI – Global Reports –

  • MIL-OSI Global: Himpathy: the psychology of why some people side with perpetrators of sexual misconduct – podcast

    Source: The Conversation – UK – By Gemma Ware, Host, The Conversation Weekly Podcast, The Conversation

    In 2018, the Australian philosopher Kate Manne coined the word “himpathy” to describe what she called “the inappropriate and disproportionate sympathy powerful men often enjoy in cases of sexual assault, intimate partner violence, homicide and other misogynistic behavior”.

    This happened to former US President Donald Trump who was found liable for sexually abusing the writer E. Jean Carroll in 2023. Carroll faced abuse from online trolls, she received death threats and was driven from her home.

    What makes somebody more likely to feel himpathetic, either to somebody facing accusations in the public eye, or in their own workplace?

    In this episode of The Conversation Weekly podcast, we speak to a human behaviour expert whose research seeks to understand what makes some people more inclined to support perpetrators of sexual misconduct than the victims.

    Samantha Dodson is an assistant professor of organisational behaviour and human resources at the University of Calgary in Canada. She first started researching the ways people react to accusations of sexual misconduct around the time of the #MeToo movement, as women came forward with accusations of sexual harassment in the wake of the Harvey Weinstein case.

    Dodson and her colleagues wanted to understand why some people are predisposed to express sympathy towards male perpetrators of sexual misconduct, or himpathy. Over a series of five studies, both analysing public comments on X related to the #MeToo movement and through lab-based psychology experiments. Her team used moral foundations theory to build a profile of the kinds of people more likely to be himpathetic.

    Moral foundations theory argues that there are innate moral concerns that everybody holds to different levels. These concerns include respect for authority, loyalty, staying pure, being fair and being caring toward other people.

    Don’t rock the boat

    What we found is that when people strongly value things like loyalty, respect for authority and purity, they’re more likely to feel sympathy toward the man accused of sexual misconduct and feel anger toward the women who made that allegation.

    Dodson says people who hold these moral values very strongly are more likely to see allegations as a threat to the stability of a company, or institution. And, as a result, they’re also less likely to believe a victim.

    It also leads to people being more likely to seek punishment for the women who made the accusations and less likely to seek punishment for the men who have been accused.

    Overall, Dodson found the vast majority of people in their studies were “not himpathetic” and it’s just a small subset of people who react this way.

    The challenge is if those people are in positions of authority, or … if you have one person that you work with who’s himpathetic and you’re a victim you might experience some iciness from them or ostracism.

    Their work also looks at how managers can better deal with accusations of sexual harassment in the workplace as a result of their findings.

    Listen to Samantha Dodson talk about her research and the recommendations from it on The Conversation Weekly podcast, which also features an introduction from Eleni Vlahiotis, business and economy editor at The Conversation in Canada.

    A transcript of this episode is available on Apple Podcasts.

    This episode of The Conversation Weekly was written and produced by Katie Flood with assistance from Mend Mariwany. Sound design was by Michelle Macklem, and our theme music is by Neeta Sarl. Gemma Ware is the executive producer.

    Newsclips in this episode from ABC News,
    PBS News Hour and NBC News.

    You can find us on Instagram at theconversationdotcom or via email. You can also subscribe to The Conversation’s free daily email here.

    Listen to The Conversation Weekly via any of the apps listed above, download it directly via our RSS feed or find out how else to listen here.

    Samantha Dodson receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC).

    – ref. Himpathy: the psychology of why some people side with perpetrators of sexual misconduct – podcast – https://theconversation.com/himpathy-the-psychology-of-why-some-people-side-with-perpetrators-of-sexual-misconduct-podcast-239860

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: ARU collaborates on new childhood cancer project

    Source: Anglia Ruskin University

    Published: 26 September 2024 at 12:28

    Scientists will work with Medannex to help accelerate treatment for bone cancer

    Anglia Ruskin University (ARU) is collaborating with Scottish biopharmaceutical company Medannex on a £313,000 project to develop a new treatment for a childhood bone cancer.

    Thanks to funding from Innovate UK’s Cancer Therapeutics programme, Medannex will work with senior scientists at ARU’s School of Life Sciences and world-leading paediatric oncologists to prepare its first-in-class therapy MDX-124 for a clinical study focusing on paediatric osteosarcoma.

    MDX-124 is the first clinic-ready agent to target annexin-A1, a protein known to drive numerous cancers and other diseases. In preclinical tests, MDX-124 has been shown to stop the growth and spread of certain cancers, as well as harnessing the immune system to attack tumours. MDX-124 is currently being evaluated in a first-in-human Phase 1b oncology study in adults (‘ATTAINMENT’).

    Recent data mining of a paediatric genomics database and staining of tumour tissue has revealed that annexin-A1 is highly expressed in osteosarcoma, making MDX-124 a strong candidate to treat this form of cancer.

    Osteosarcoma is a rare primary cancer of the bone characterised by a high degree of malignancy, strong invasiveness, rapid disease progression and a high mortality rate. Approximately 50% of cases are in children and young adults, representing about 2% of all paediatric cancers.

    In the UK, around 65% of children with osteosarcoma survive for five years after diagnosis, however this drops to only 24% for those with metastatic disease. Therefore, there remains a significant unmet clinical need for novel therapies like MDX-124.

    Professor Chris Parris, Head of the School of Life Sciences at ARU, said:

    “We’re delighted to be collaborating with Medannex to explore this innovative approach to childhood cancer treatment and we look forward to generating key data in the coming months.”

    The project’s Clinical Advisory Board is led by Professor Pamela Kearns, Chair of Clinical Paediatric Oncology at the University of Birmingham, who said:

    “This grant award will allow Medannex to tackle the critical unmet need for new treatments in osteosarcoma. I look forward to helping guide the company’s development in this area and exploring the potential of MDX-124 to radically improve patient outcomes.”

    Medannex CEO, Ian Abercrombie, said:

    “We’re grateful to Innovate UK for this resounding endorsement of the potential of our first-in-class therapy to make a real difference to osteosarcoma patients and their families. Our team is excited to drive the project forward with the support of our scientific collaborators and specialist clinical advisors.”

    Innovate UK, the UK’s innovation agency, will fund £231,000 of the project costs, with the remainder financed by Medannex.

    MIL OSI United Kingdom –

  • MIL-OSI: Bitwave Expands Account-Level Tracking, Enables Enterprise Compliance Before IRS Deadline

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitwave, the leading enterprise finance platform for digital assets, is excited to announce an important platform update, expanding its powerful segregated inventory tracking capability to all customers as part of the core service offering.

    With this update, every Bitwave customer can now benefit from account-specific cost basis tracking, ensuring compliance with the latest IRS rules without any added cost or system changes.

    With the release of final IRS regulations (T.D. 10000), the long-standing “universal wallet accounting” standard will sunset, significantly shifting how many businesses manage and report digital assets across multiple self-custody wallets and addresses. Starting Jan 1, 2025, the cost basis of digital assets must be individually tracked for each account (like a wallet or exchange).

    Bitwave’s account-level cost basis tracking function has long been an essential part of the platform for businesses managing digital assets. Previously available as part of the Bitwave Advanced Accounting module, this powerful feature is now included in the Bitwave Core offering for all customers.

    “At Bitwave, we’ve always prioritized giving our customers the tools they need to stay ahead of regulatory changes,” said Bitwave CEO and Co-Founder Pat White.

    “Our account-level tracking feature has been a key part of our platform for years, and we’re excited to make this functionality available to all customers to make compliance simple and secure.”

    Key benefits of the product change include:

    • Seamless Compliance: Businesses can now track cost basis by individual wallet, ensuring full compliance with the IRS’s new digital asset reporting regulations.
    • Feature Now Available to All: Wallet-by-wallet tracking, which has always been a part of the Bitwave platform, is now included in the Bitwave Core service, giving all customers access to this critical functionality.
    • Effortless Implementation: Existing Bitwave users can immediately take advantage of this feature, ensuring compliance with no additional costs or system upgrades.

    As regulatory guidance for digital assets evolves, Bitwave remains at the forefront with innovative tools that enable businesses to operate with confidence.

    This latest update demonstrates Bitwave’s commitment to empowering its customers with cutting-edge solutions for digital asset tax tracking, accounting, and regulatory compliance.

    About Bitwave

    Bitwave is the #1 digital asset sub-ledger and on-chain finance platform. Built for enterprises and institutions, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams.

    Bitwave automates on-chain accounting workflows, streamlines regulatory compliance, and simplifies tax reporting complexity with a comprehensive, audit-ready platform. Trusted by Fortune 100 companies and pioneering crypto-native projects alike, Bitwave enables the digital asset economy with scalable financial operations.

    For more information, visit bitwave.io.

    Contact

    Kaleb Leija
    Director of Marketing
    Bitwave
    kaleb.leija@bitwave.io

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e84a9a4b-4c9e-42c1-80de-6c8d22bbb4ef

    The MIL Network –

  • MIL-OSI: Monarch Private Capital Closes on Tax Equity Financing for Affordable Housing and Historic Rehabilitation of 1904 Farnam in Omaha, Nebraska

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Sept. 26, 2024 (GLOBE NEWSWIRE) — Monarch Private Capital (Monarch), a nationally recognized impact investment firm that develops, finances and manages a diversified portfolio of projects generating both federal and state tax credits, is pleased to announce the closing of tax equity financing for the historic preservation and adaptive reuse of 1904 Farnam, a major redevelopment project located in downtown Omaha, Nebraska. The $25 million development, spearheaded by Clarity Development, will transform the historic building into 54 studio and one-bedroom units, providing much-needed affordable housing for the community. The financing includes Nebraska Low-Income Housing Tax Credits (LIHTCs) as well as State Historic Tax Credits (HTCs), making it a powerful tool for community revitalization.

    The 1904 Farnam project will offer affordable housing options to tenants earning 40%, 50%, and 60% of the Area Median Income (AMI). All units will be located in a seven-story, elevator-serviced building with ground-floor commercial space, designed to support the local economy and meet community needs. The development is expected to be completed by the end of 2025.

    Originally constructed in 1927 as The Union State Bank building, 1904 Farnam is a significant part of Omaha’s architectural and economic history. The building, which exemplifies early Art Deco design, reflects the spirit of modernity that characterized the 1920s and 1930s. Situated in the heart of Omaha, it has long been a landmark of the city’s growth and development. Of note, the building is located directly across the street from Omaha’s City Hall and the District Courthouse; furthermore, Omaha’s streetcar main route from Downtown to Midtown Omaha will run down Farnam Street.

    “Being part of a development that benefits the community in such a meaningful way is a privilege,” said Rick Chukas, Partner and Managing Director of Historic Tax Credits at Monarch Private Capital. “This project not only preserves a piece of Omaha’s history but also addresses the critical need for affordable housing in the downtown area. We are proud to support developments that have a positive impact on communities.”

    “The 1904 Farnam project is a great example of how LIHTC financing can be used to create affordable housing in areas that need it most,” said Steve LeClere, Partner, LIHTC at Monarch Private Capital. “With the help of Nebraska LIHTCs, we’re able to transform a historic building into modern, affordable housing while preserving the character and history of Omaha.”

    The redevelopment of the Farnam Building continues its legacy as an integral part of the downtown business community, while providing much-needed affordable housing in Omaha. Monarch Private Capital’s involvement underscores its commitment to community impact and sustainable development.

    For more information about Monarch Private Capital and its investment initiatives, please visit http://www.monarchprivate.com.

    About Monarch Private Capital

    Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

    CONTACT
    Jane Rafeedie
    Monarch Private Capital
    jrafeedie@monarchprivate.com
    470-283-8431

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4b1343b0-2a34-4a27-ad7b-64b884c626ef

    The MIL Network –

  • MIL-OSI: Teledyne introduces next generation AI-powered smart camera for industrial automation and inspection

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Sept. 26, 2024 (GLOBE NEWSWIRE) — Teledyne DALSA, a Teledyne Technologies [NYSE:TDY] company and global leader in machine vision technology, is pleased to announce its next generation AI-powered BOA™3 smart camera for industrial automation and inspection.

    The new BOA3 smart camera is designed to leverage the best features from previous BOA generations and combine them with new sensor and AI (Artificial Intelligence) inspection technologies developed by Teledyne. BOA3 is a highly integrated vision system in a compact, rugged smart camera format designed to meet the needs of the most complex, demanding machine vision applications.

    “The new BOA3 is an exciting next step in our smart camera development,” said Szymon Chawarski, Product Line Manager, Vision Systems. “Its modular and flexible architecture will allow us to offer new and powerful solutions for embedded machine vision inspections.”

    BOA3 offers sensor resolutions from 1.2 to 12MP, integrated or C-mount lens options, onboard I/O, and includes easy-to-use machine vision software, all in one common platform. BOA3 smart cameras deliver the flexibility and uncompromised functionality to enable quick, cost-effective embedded machine vision deployments.

    BOA3 comes with iNspect™, an easy-to-use, no-code inspection development software with tools for positioning, part locating, pattern matching, measuring, barcode reading, feature or defect detection, including automatic reading of characters (OCR) based on a pre-trained AI inference network. Combine the broad range of traditional vision tools with powerful AI Classification or Object Detection models created in Astrocyte™, Teledyne DALSA’s GUI-based AI Trainer software.

    Camera Details and Availability

    BOA3 models with 1.2, 5MP, and 12MP monochrome sensors are available immediately. Color versions are planned for release at the end of 2024. New sensor and lens options will be added to the platform in 2025.

    Find out more about BOA3 smart cameras at VISION in Stuttgart, Germany from October 8-10 at Teledyne booth 8 B10. Please visit the BOA3 product page for more information. For sales enquiries, visit our contact page.

    Teledyne DALSA is part of the Teledyne Vision Solutions group and a leader in the design, manufacture, and deployment of digital imaging components for machine vision. Teledyne DALSA image sensors, cameras, smart cameras, frame grabbers, software, and vision solutions are used in thousands of automated inspection systems around the world and across multiple industries. For more information, visit http://www.teledynedalsa.com/imaging.

    Media Contact
    Brooks Riendeau
    brooks.riendeau@teledyne.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/06fd6d5a-7e0f-48e2-ae35-cdf77c31b8a2

    The MIL Network –

  • MIL-OSI: Bishop Street Underwriters Makes Strategic Equity Investment into Verve Services

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and WEST PALM BEACH, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners (“RedBird”), today announced it has made a strategic equity investment in Verve Services, LLC (“Verve”), a leading, full-service auto insurance managing general agency (“MGA”). This partnership marks Bishop Street’s entry into Specialty Private Passenger Auto. Through this equity investment, Verve is positioned for continued innovation and accelerated growth in the auto insurance industry.

    “Dan and his team have built Verve into a differentiated passenger auto insurance MGA. They have an exceptional platform that combines advanced analytics with a deep understanding of the market, which drives superior outcomes and has supported their position as a leader in the specialty auto insurance space,” said Chad Levine, Chief Executive Officer of Bishop Street.

    “Verve’s focus and commitment to utilizing data and analytics to deliver industry-leading loss ratios that significantly outperform industry results for its insurance and reinsurance partners is perfectly aligned with our strategic vision at Bishop Street. We are excited to build on this momentum and drive value creation for all of Verve’s partners,” said Chad Weber, President of Bishop Street.

    “While Bishop Street is predominantly focused on building a diversified platform of commercial-lines MGAs, we will be opportunistic as it relates to differentiated personal-lines MGA businesses, like Verve. Dan and the rest of the Verve team have built a great business, and we look forward to partnering with them for their next stage of growth,” said Mike Zabik, Partner of RedBird Capital.

    “We are thrilled to welcome Bishop Street as a key strategic partner. They are the ideal fit for the next stage of Verve’s growth,” said Dan Lazarek, Chief Executive Officer of Verve Services, LLC. “This partnership brings invaluable expertise from a company with a proven track record in both insurance infrastructure and data-driven AI. We look forward to revolutionizing the auto insurance industry together.”

    About Bishop Street
    Bishop Street Underwriters, a RedBird Capital portfolio company, seeks to partner with Managing General Agents (“MGAs”) as well as niche underwriting teams. Bishop Street aims to combine their best-in-class (re)insurance executive team’s vision with RedBird’s strong track record, expertise, and network in the financial services sector to build a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry. For more information, please go to http://www.bishopstreetuw.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions for founders and entrepreneurs. The firm currently manages $10 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to http://www.redbirdcap.com.

    About Verve Services, LLC
    Verve is a full-service auto insurance managing general agency (MGA) built on a culture of transparency, trust and faith. The company has developed a unique platform that identifies, filters, underwrites, acquires, and services profitable, low-frequency private passenger auto customers. By utilizing a scalable technology and distribution platform, Verve is transforming the auto insurance industry. The company analyzes both internal and external data, using advanced predictive analytics to uncover profitable niches within the $316 billion private passenger auto insurance market. Through its data-driven approach, Verve consistently exceeds industry benchmarks, delivering superior underwriting profits while providing exceptional value and significant returns to its insurance and reinsurance partners. This has established Verve as a trusted leader in the evolving auto insurance landscape.   For more information, please go to http://www.goverve.com.

    Media Contacts

    Bishop Street
    Dan Gagnier
    Gagnier Communications
    redbird@gagnierfc.com
    646.569.5897

    Verve
    Kimberly Hampton
    Verve Communications
    kimberly.hampton@verveinsurance.com
    404-291-9632

    The MIL Network –

  • MIL-OSI: Personal AI Brings AI Workforce Platform to Google Cloud Marketplace

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Personal AI, the leading platform for building AI workforces in regulated industries, today announced that its proprietary Small Language Model (SLM) technology and AI Training Platform are now available on Google Cloud Marketplace. This move allows customers to quickly purchase and deploy Personal AI, streamlining the procurement process for enterprises looking to leverage SLMs.

    Personal AI’s platform enables organizations to create networks of AI Personas, each representing key roles and expertise within the company. These AI Personas are exclusively trained on proprietary data, ensuring high accuracy, transparency, and privacy – crucial factors for regulated industries such as legal, financial services, consulting, and government.

    “Our mission at Personal AI is to redefine how the modern workforce creates AI Personas and collaborates with them in professional environments,” said Suman Kanuganti, CEO and Co-founder of Personal AI. “By joining Google Cloud Marketplace, we’re making it easier than ever for organizations to access our cutting-edge AI Training Studio. This collaboration will accelerate the adoption of AI workforces, allowing businesses to scale their expertise, streamline workflows, and make more informed decisions while maintaining the highest standards of data privacy and security.”

    Personal AI’s availability on Google Cloud Marketplace offers several benefits to customers, including simplified billing and reduced procurement cycles. This aligns with Personal AI’s commitment to providing flexible, scalable solutions that cater to businesses of all sizes.

    “Bringing Personal AI to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the AI Training Platform on Google Cloud’s trusted, global infrastructure,” said Dai Vu, Managing Director, Marketplace & ISV GTM Programs at Google Cloud. “Personal AI can now securely scale and support customers on their digital transformation journeys.”

    About Personal AI
    Personal AI develops a horizontal AI training and collaboration platform, focused on private, Small Language Models (SLMs) that multiply the capabilities of enterprise teams. Their technology enables organizations to build networks of AI Personas, each representing key roles within companies. These AI Personas are exclusively trained on proprietary data, ensuring unparalleled accuracy, transparency, and privacy. For more information, please visit https://personal.ai

    Media Contact
    Jonathan Bikoff
    jonathan@personal.ai

    The MIL Network –

  • MIL-OSI: NANO Nuclear Energy Inc. Executives to Present at the ArcStone – Kingswood Growth Summit 2024

    Source: GlobeNewswire (MIL-OSI)

    Senior Company leaders will participate in a panel discussion highlighting the energy transition on September 26th, 2024.

    New York, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” of “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced that several senior executives will participate in a panel discussion at the ArcStone-Kingswood Growth Summit 2024, taking place in Toronto Canada on September 26, 2024.

    The ArcStone-Kingswood Growth Summit 2024 will offer exclusive access to insightful sessions and expert-led panels on listing and cross-listing companies. Investors will have the opportunity to engage with executive management from both private and public companies across a range of high-growth sectors, including Technology, Artificial Intelligence, Energy, and more.

    NANO Nuclear will take part in a panel discussion titled “Traditional Energy & Energy Transition” on September 26th. This session will be moderated by Jack Bensimon, Managing Partner, ArcStone Securities and Investments Corp.

    “It is a pleasure for us to participate in this cross border growth summit,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “We are passionate in our mission to revolutionize the way industries around the world utilize nuclear energy. The Growth Summit in Toronto will continue our international reach, as well as discuss how advanced nuclear solutions can reshape the energy landscape in Canada. I am delighted to attend and look forward to our panel discussion, which will be an informative and exciting feature of the day.”

    Figure 1 – NANO Nuclear Energy Inc. to Participate in an ArcStone-Kingswood Growth Summit 2024 Panel Discussion Titled “Traditional Energy & Energy Transition.”

    The event will showcase over 30 public and private companies from around the world, with more than 400 institutional investors, family offices, retail wealth advisors, high net worth individuals, and industry professionals expected to attend. The conference will include corporate presentations, panel discussions, one-on-one investor meetings, cocktail receptions, and an invitation-only VIP dinner, bridging the gap between Canadian and U.S. capital markets, and offering a platform for companies to highlight their growth potential and connect with key investors.

    “I am delighted to see NANO Nuclear take part in this year’s ArcStone – Kingswood Growth Summit,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “NANO Nuclear is dedicated to innovation, like our proprietary microreactors and ancillary business lines, for the wider nuclear energy industry. Events like this are essential, as they provide a platform for business leaders and stakeholders to collaborate on addressing the challenges of today and planning for tomorrow.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206
    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy TWITTER

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations, (iii) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (v) similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and the NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at http://www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: Bitdeer Completes Testing of its Latest SEAL02 Bitcoin Mining Chip

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced the successful testing of its latest Bitcoin mining chip, SEAL02, following tape-out.

    SEAL02 uses one of the most advanced process nodes in partnership with TSMC, a world-leading semiconductor foundry. An exceptional power efficiency ratio of 13.5 J/TH – while running at low voltage, ultra power-saving mode – was indicated in SEAL02 chip’s verification and prototype tests, achieving the power efficiency milestone outlined in the SEALMINER technology roadmap announced in June 2024.

    Linghui Kong, Chief Business Officer of Bitdeer, commented, “We are thrilled about achieving SEALMINER’s power efficiency target as reflected in our roadmap. Our ongoing commitment to R&D is making possible innovative and superior solutions that will set new benchmarks for efficiency and transparency to benefit the wider mining ecosystem.”

    SEAL02 will be integrated into the Company’s upcoming SEALMINER A2 mining machines, with mass production scheduled to commence in November 2024.

    Additionally, R&D work on the Company’s upcoming chip, SEAL03, is ongoing and the Company’s product release milestone is on track.

    Bitdeer has a full-fledged team of professional engineers dedicated to R&D across key domains, including ASIC design, algorithm development, platform architecture, software and hardware. The Company will continue to work alongside its customers in contributing to the security of the Bitcoin decentralized network.

    About Bitdeer Technologies Group

    Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

    Contact:

    Public Relations
    Wachsman
    Bee Shin
    bitdeer@wachsman.com

    The MIL Network –

  • MIL-OSI: Fairfax India Announces Intention to Make a Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

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

    TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax India of its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares through the facilities of the TSX (or other alternative Canadian trading systems) effective September 30, 2024. Purchases will be made in accordance with the rules and policies of the TSX and the Subordinate Voting Shares purchased by Fairfax India will be cancelled and/or reserved for share based payment awards.

    The notice provides that Fairfax India’s board of directors has approved the purchase on the TSX, during the period commencing September 30, 2024 and ending September 29, 2025, of up to 5,585,509 Subordinate Voting Shares, representing approximately 10% of Fairfax India’s public float of 55,855,093 Subordinate Voting Shares as at September 16, 2024. As at September 16, 2024, Fairfax India had outstanding 105,152,447 Subordinate Voting Shares. Under the bid, Fairfax India may purchase up to 7,286 Subordinate Voting Shares on the TSX (or other alternative Canadian trading systems) during any trading day, which represents 25% of the average daily trading volume on the TSX for the prior six months (being 29,147 Subordinate Voting Shares), all as calculated in accordance with the rules of the TSX. This limitation does not apply to purchases made pursuant to block purchase exemptions.

    Fairfax India is making this Normal Course Issuer Bid because it believes that in appropriate circumstances its Subordinate Voting Shares represent an attractive investment opportunity and that purchases under the bid will enhance the value of the Subordinate Voting Shares held by the remaining shareholders.

    Pursuant to its existing Normal Course Issuer Bid, Fairfax India sought and received approval from the TSX to purchase up to 5,646,788 Subordinate Voting Shares, and has purchased to date 552,848 Subordinate Voting Shares during the last twelve months through open market purchases on the TSX and other alternative Canadian trading systems at a volume weighted average price per share of US$13.80.

    Fairfax India also announces that it has entered into an automatic share purchase plan (the “ASPP”) with a designated broker to allow for the purchase of its Subordinate Voting Shares under its Normal Course Issuer Bid at times when Fairfax India normally would not be active in the market due to applicable regulatory restrictions or internal trading black-out periods. Before the commencement of any particular internal trading black-out period, Fairfax India may, but is not required to, instruct its designated broker to make purchases of Subordinate Voting Shares under the Normal Course Issuer Bid during the ensuing black-out period in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by Fairfax India prior to commencement of the applicable black-out period in accordance with the terms of the ASPP and applicable TSX rules. Outside of these black-out periods, Subordinate Voting Shares will be purchasable by Fairfax India at its discretion under its Normal Course Issuer Bid.

    The ASPP is effective as of September 30, 2024 and will terminate on the earliest of the date on which: (a) the maximum annual purchase limit under the Normal Course Issuer Bid has been reached; (b) the Normal Course Issuer Bid expires; or (c) Fairfax India terminates the ASPP in accordance with its terms. The ASPP constitutes an “automatic securities purchase plan” under applicable Canadian securities laws.

    About Fairfax India

    Fairfax India is an investment holding company whose objective is to achieve long term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India.

    For further information, contact: John Varnell, Vice President, Corporate Affairs
      (416) 367-4755

    The MIL Network –

  • MIL-OSI: IMPACT Silver to Present at the Battery and Precious Metals Virtual Investor Conference October 1st

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — IMPACT Silver Corp. (IPT:TSX.V, ISVLF:OTCQB, IKL:FRA), based in Vancouver, BC, focused on silver and zinc exploration and production, today announced that Steven Gold, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 1st 2024.

    DATE: October 1st
    TIME: 11:00 AM ET
    LINK: https://bit.ly/3z584tW
    Available for 1×1 meetings: September 30, October 1 and October 2, 2024

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at http://www.virtualinvestorconferences.com.

    IMPACT Silver Corp. (TSXV:IPT, OTCQB:ISVLF) is a successful intermediate mineral producer and explorer with three mining projects in Mexico.

    Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $271 million, with no long-term debt.

    Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is expected to reach design capacity production levels over the next six months. Exploration potential at Plomosas is exceptional where only 600m of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Jerry Huang
    Chief Financial Officer
    jerry@impactsilver.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Bitget Hosts the Inaugural Blockchain4Her Awards at SheFi Summit

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitget, the leading crypto exchange and web3 company, hosted its inaugural Blockchain4Her Awards at the SheFi Summit in Singapore on September 17, 2024, with five winners announced across two categories. The event saw over 1,000 participants from around the world, with 100+ nominations received for the Awards. The event was supported by 12 major partners, including tier-1 media BeInCrypto, Crypto.News, The Coin Republic, Input Communications, Genzio, as well as leading community bodies like the Women in Web3 Switzerland.

    The Blockchain4Her Awards is an initiative that celebrates and promotes women in the blockchain industry. Launched as part of Bitget’s broader Blockchain4Her program, it addresses the gender disparity in the blockchain space, where female-led startups receive only a small fraction of total funding. The awards feature two main categories – the Rising Female in Blockchain Award and the Innovative Web3 Female Entrepreneur Award.

    ​​Gracy Chen, CEO at Bitget, delivered a keynote at the SheFi summit where she exclaimed Bitget’s commitment to supporting women in blockchain. With the $10 million Blockchain4Her initiative, Bitget is taking steps towards empowerment by providing “role models, mentorship, networking, and targeted support, we’re ensuring that more women can step into leadership roles in the blockchain space,” said Chen. 

    Bitget announced three winners for the ‘Rising Female in Blockchain Award’ category – Alexandra Nicorici, Gesa Schneider, and Rebecca Matsumura.

    Alexandra Nicorici is the founder and host of the OOO podcast, a popular Web3 marketing podcast that connects marketing professionals to leading founders who are building transformative communities and products in the industry. 

    “Two years ago, if someone had told me I would receive a Rising Woman in Web3 Award, I wouldn’t have believed them. I was struggling a lot, in an industry that is not only a boys club, but not very mature yet,“ said Alexandra. “Today, I am more proud of myself and all the amazing women in Web3 who are rising, being present and contributing to this amazing industry.” Through her influence, Alexandra has helped several Web3 and crypto startups grow and drive valuable partnerships over the years. 

    Gesa Schneider is a renowned Devcon Scholar at the Ethereum Foundation and an active advocate at The Female Factor – one of the largest global communities for female leaders. “To be recognized as a Rising Female in Blockchain is such a great honor,” said Gesa during the Blockchain4Her Awards. “It validates my work to pioneer Web3 innovations for a sustainable future.”

    The third winner is Rebecca Matsumura, an Associate Attorney at Fenwick & West. For almost a decade, Rebecca has provided legal guidance to blockchain and fintech firms, helping them manage compliance in the complex regulatory landscape. She is pioneering a new generation of women in law who want to step into the dynamic legal space of Web3 and crypto. Through this award, Bitget celebrates her transformative contribution to increasing inclusivity and openness in this niche sector. 

    The award for Innovative Web3 Female Entrepreneur went to Maika Isogawa, the co-founder and CEO of Webacy – one of the fastest-growing blockchain security suites. Tech and security have been historically quite underrepresented sectors for women, and the gap is more concerning in the Web3 industry. However, leaders like Maika have been actively inspiring change in this sector. Maika was also listed among the Forbes 30 under 30. 

    The winners were decided by a panel of four judges, including the CEO of Bitget Gracy Chen, the co-founder of Hacken Yevheniia Broshevan, leading venture capitalist Tess Hau, and the founder of SheFi Maggie Love Wu. 

    The awards are supported by a $10 million commitment from Bitget to promote diversity and inclusivity in the sector. The support loop for Blockchain4Her focuses on Elevating, Empowering, Educating, and Embracing women in blockchain. Bitget aims to ensure that women in Web3 have the appropriate resources, opportunities, and representation needed to succeed in their role.

    The Blockchain4Her campaign provided scholarships for educational programs like SheFi’s 8-week blockchain course, mentorship opportunities, and participation in major industry events. The overall aim is to build a gender-diverse ecosystem where women play a significant role in driving technological advancements and leadership in blockchain​. As a part of the campaign, Bitget is also establishing an alumni group, where female entrepreneurs and leaders can exchange ideas and build networks to grow their careers.  

    After the success of the campaign at SheFi, Bitget is set to host various Blockchain4Her events in different regions. 

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

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

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

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

    Contact

    PR team
    media@bitget.com

    The MIL Network –

  • MIL-OSI USA: Category 3 Hurricane Helene nears landfall, disrupts energy infrastructure

    Source: US Energy Information Administration

    In-brief analysis

    September 26, 2024

    As of 8:00 a.m. eastern time on September 26, Hurricane Helene was expected to make landfall as a Category 3 hurricane on the eastern part of the Florida Panhandle late Thursday with sustained winds of 115 miles per hour, creating the potential for significant disruptions to energy infrastructure. Hurricane Helene is the strongest hurricane to make landfall in the United States this hurricane season. The other three named storms that made landfall so far this hurricane season (Beryl, Debby, and Francine) were either Category 1 or 2 hurricanes.

    Hurricane Helene’s forecasted path toward the Florida Big Bend coast takes it away from the most prolific oil and natural gas-producing areas near Texas, Louisiana, and Mississippi.

    However, trade press reports indicate that earlier in the week multiple companies including bp, Chevron, Equinor, and Shell evacuated staff at offshore oil platforms and paused some production in the Gulf of Mexico. Data compiled by the Bureau of Safety and Environmental Enforcement (BSEE) indicate that 29% of oil production (511,000 barrels per day) and 17% of natural gas production (313 million cubic feet per day) on offshore platforms in the Gulf of Mexico were shut in as of 12:30 p.m. eastern time on September 25. Personnel have been evacuated from 17 production platforms, nearly 5% of the 371 manned platforms in the Gulf of Mexico.

    The U.S. Coast Guard reports several ports along the Gulf Coast are closed. Inbound and outbound vessel traffic to Port Tampa Bay, where over 17 million tons of petroleum- and natural gas-related products move through in a typical year, has ceased. The duration of the port closures and impacts from Hurricane Helene on trade movements for petroleum and natural gas remain uncertain.

    High winds, flooding, and storm surge from Hurricane Helene might affect energy infrastructure such as power plants as well as power transmission and distribution lines. Utilities in Florida are preparing for high volumes of power outages.

    To help analysts assess potential energy-related storm effects, EIA maintains energy disruption maps that display energy infrastructure and real-time storm information.

    Principal contributor: Matthew French

    MIL OSI USA News –

  • MIL-OSI USA: Department of Defense Awards $12.9 Million to Increase Production of Active Materials for Lithium Iron Phosphate Cathodes

    Source: United States Department of Defense

    The Department of Defense (DoD) announced today a $12.9 million award via the Defense Production Act Investments (DPAI) program to Nano One Materials Corp. (Nano One). The award will help optimize and increase Nano One’s production of active materials for lithium iron phosphate (LFP) cathodes at its Candiac, Québec and Burnaby, British Columbia facilities.

    The effort, which uses funds appropriated by the Inflation Reduction Act (IRA), directly bolsters the National Defense Industrial Strategy’s objective to expand support for domestic production of critical materials in key supply chains, as well as the IRA’s goals of increasing domestic energy production and promoting clean energy. Canada has been considered a “domestic source” for DPA funds since 1992.

    “Shoring up domestic production capabilities across key nodes of the large-capacity battery supply chain is essential for meeting growing battery demands,” said Dr. Laura Taylor-Kale, Assistant Secretary of Defense for Industrial Base Policy (ASD(IBP)). “This award is another important advance towards increasing the availability of safer, lower-cost, and longer-lasting battery materials, which will strengthen U.S. national security.”

    “Canadian businesses are seizing job-creating opportunities delivering secure and reliable supplies of critical minerals to our allies, while building up the North American battery supply chain,” said Honorable Jonathan Wilkinson, Minister of Energy and Natural Resources Canada. “Today’s announcement at the Nano One facility in Candiac, Quebec, further cements Canada’s place as a reliable global supplier in sustainable battery production with our American partners while complementing over CAD $20 million in investments and support by the Government of Canada. We will continue to advance collaboration with the United States, including through the Energy Transformation Task Force and the Joint Action Plan on Critical Minerals Collaboration.”

    With these funds, Nano One will demonstrate commercial-scale production of LFP cathode active materials, critical precursors in the large-capacity battery supply chain. LFP has considerable advantages for military applications, including high-power, advantageous safety characteristics, and a high cycle life. Additionally, all LFP inputs can eventually be sourced in North America, further reducing reliance on foreign sources.

    This is the latest of 60 awards made by the DPAI program across multiple areas, totaling $602 million since the beginning of Fiscal Year 2024. DPAI is overseen by the OASD(IBP)’s Manufacturing Capability Expansion, and Investment Prioritization (MCEIP) directorate.

    For more information on MCEIP, please visit: https://www.businessdefense.gov/ibr/mceip/index.html

    About the Office of the Assistant Secretary of Defense for Industrial Base Policy (OASD(IBP))

    The OASD(IBP) works with domestic and international partners to forge and sustain a robust, secure, and resilient industrial base enabling the warfighter, now and in the future.

    MIL OSI USA News –

  • MIL-OSI Economics: Samsung Expands Energy-Saving Innovations to Help Customers Get Ahead of Peak Energy Season

    Source: Samsung

     

     
    LONDON, UK – SEPTEMBER 26, 2024 – Today, Samsung Electronics UK announced innovations that provide users with smarter and more efficient ways to control their energy. The company unveiled new technology and partnerships to optimise energy usage throughout the home.
     
    Ahead of Winter, Samsung UK revealed a host of advancements powered by SmartThings Energy: eco-tech provider Hive’s thermostats will be integrated into SmartThings from the middle of October, so customers will benefit from an extension of the British Gas PeakSave program, and Tesla technology will also be compatible with the SmartThings App.

    Increased SmartThings Connectivity with Hive Integration
    To further simplify how users manage their energy usage at home, SmartThings Energy is integrating Hive’s thermostats, so that households can control their home’s temperature directly through the SmartThings app.
     
    The integration of Hive thermostats allows consumers to check their home’s current temperature and set new temperature targets as well as setting at home temperatures when customers are on the move. Installing a Hive Thermostat can save customers up to £172 per year on their heating bill[1]
     

     
    Maximising Energy Savings through Leading Partnerships
    In partnership with British Gas, Samsung UK is also helping households better manage their energy use and make savings when it comes to their energy bills. The expansion of the collaboration between Samsung and British Gas allows SmartThings Energy users to automate appliances, and other connected products, as part of British Gas PeakSave.
     
    The PeakSave program rewards customers for reducing their electricity usage during peak hours, to times when there is more renewable energy readily available. SmartThings Energy users can automate appliances’ operating modes during these times, allowing them to easily take advantage of periods when electricity is half-price due to there being lots of renewable energy available, and rewards users for shifting their electricity to when there is less demand. So far, British Gas has paid over £13 million to 650,000 customers taking part in the scheme.
     
    Boosted Home Energy Experience with Tesla Energy API for UK users
    Energy-saving starts within the home, but it doesn’t need to stop there. Earlier this year at CES Samsung announced its collaboration with Tesla for SmartThings Energy and now UK users can benefit from this increased connectivity, allowing users to easily access information relating to users’ energy production, storage and usage via SmartThings Energy.
     
    Made possible through Tesla’s open APIs, the expansion of SmartThings Energy allows users to connect with their Tesla Powerwall, and Solar Inverter for a more streamlined smart home experience.
     
    In addition to making it easier to manage energy consumption, this integration allows for better preparations for power disruptions and outages. SmartThings syncs up with the Tesla app’s Powerwall ‘Storm Watch’ function – meaning in the case of extreme weather events users can be alerted through SmartThings on their connected Samsung TV’s and mobile.
     
    Deborah Honig, Chief Customer Officer, Samsung UK and Ireland, comments: “We know that controlling energy consumption is a top priority for our customers, and as we head into winter this becomes an even bigger priority.
     
    “We are continually evolving our SmartThings energy management features and extending our partnerships with British Gas and Tesla, to make it even easier and more intuitive for customers to manage their home energy usage.
     
    “By providing new automated tech solutions that help our customers save time, money and energy, we are seeing even more people do that ‘little bit extra’ every day to take of their home and the planet.”
     
    Dan Rosenfield, Managing Director of Hive, added: “We are delighted to be extending our partnership with Samsung to energise a greener, fairer future for our customers. As we head into Winter, we are making it easier for our customers to save money on their energy bills and cut carbon through integrating our market-leading propositions into the SmartThings app.”
     
    SmartThings is the only place where Tesla Powerwalls, British Gas PeakSave, Samsung Smart Home appliances, and Smart Meters can be managed in one place to optimise the use of energy across the home. These new partnerships and innovations are part of Samsung’s drive to enhance the multi-device experience of SmartThings users.
     
    [1] Saving of £172.17 based on a Ofgem typical annual gas consumption of 11,500 kWh at the October 2024 UK average unit price of 6.238 pence per kWh including VAT. Emissions saved per year: 508 kg CO2 (0.184kg per kWh). Actual savings will vary depending on individual circumstances./span>
     

    MIL OSI Economics –

  • MIL-OSI: Publicly Traded Tritent International Corp. and Burst Technologies, Inc. Sign MOU to Outline Strategic Merger Plans

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Sept. 26, 2024 (GLOBE NEWSWIRE) — Tritent International Corp. (“Tritent”), a US public company (US OTC: TICJ), and Burst Technologies, Inc. (“Burst Technologies”), a Delaware corporation, are pleased to announce the signing of a Memorandum of Understanding (“MOU”) that outlines the key terms and conditions for a proposed strategic merger. The MOU was officially executed on September 24, 2024.

    In a groundbreaking move to enhance healthcare billing efficiency, Burst Technologies and Tritent are excited to announce their potential merger, which introduces the build out of an AI-accelerated billing solution designed to recover Medicare Part B costs for nursing homes across the United States where in most cases currently goes unrecovered. This innovative technology aims to streamline billing processes, reduce administrative burdens, and ensure that nursing homes receive maximum reimbursement for these products and services.

    Key Benefits of Burst’s AI-Accelerated Healthcare Solution

    Maximized Reimbursement: Nursing homes can achieve direct recovery of Medicare Part B costs, significantly improving their bottom line.

    Efficiency Boost: Automated processes reduce the time and effort required for billing, freeing up staff and resources to focus more on patient care.

    Enhanced Accuracy: Technology and AI-driven algorithms minimize errors and optimize claim submissions and help ensure compliance with Medicare and insurance regulations.

    Key Points of the MOU

    This proposed merger is designed to enhance the capabilities and market presence of both organizations by integrating Burst Technologies as a wholly owned subsidiary of Tritent.

    Merger Structure: Under the proposed terms, Tritent will become the primary entity, and Burst Technologies will be integrated as a wholly owned subsidiary, ensuring operational continuity and strategic alignment between the companies.

    Governance and Management: Post-merger, key management and operational roles within Tritent will be filled by executives from Burst Technologies. Additionally, Burst Technologies will appoint a majority of the Board of Directors of the merged entity, ensuring a cohesive leadership team.

    Share Exchange: As part of the merger, Tritent will issue common restricted shares in accordance with the Definitive Share Exchange Agreement, facilitating the acquisition of Burst Technologies.

    Good Standing and Compliance: Both companies have committed to maintaining good standing with relevant regulatory bodies and ensuring compliance with all applicable laws, including those set forth by the OTC Markets, FINRA, and the State.

    Mutual Responsibilities: The MOU emphasizes the spirit of cooperation, transparency, and mutual respect between the parties. Both Tritent and Burst Technologies will work together diligently to finalize the Definitive Share Exchange Agreement and ensure the success of the merger.

    Market Size: Burst Technologies has developed a multi-year financial plan, focusing on expanding its client base and boosting revenue inside the Nursing Care Facilities and Continuing Care Retirement Communities representing 4%, or $180 billion, of the $4.5 trillion National Healthcare Expenditure (NHE) marketplace1.

    “This MOU represents an exciting opportunity for both companies to leverage each other’s strengths and drive growth in our respective markets,” said Reno J. Calabrigo, CEO of Tritent International Corp. “We are confident that this merger will create significant value for our shareholders and position us for long-term success.”

    Eric Hansen, CEO of Burst Technologies, added, “This partnership marks the first step toward making the nursing home industry a leader in technology. We’ll start by building the first AI-driven billing solution specifically for nursing homes. From there, we’ll continue pushing boundaries to bring fresh innovation to an industry ready for transformation. Our goal is not just to modernize long-term care, but to set a new tech standard for the entire sector, and we’re confident this merger offers an exciting path for our shareholders.”

    The MOU sets the framework for the negotiation and execution of a Definitive Share Exchange Agreement, which both parties expect to finalize in the coming weeks.

    About Burst Technologies, Inc.

    Burst is building out an AI-accelerated healthcare billing solution designed for America’s nursing homes, addressing a critical gap where many Medicare Part B supply costs currently go unrecovered. Currently, Burst supports 30 nursing homes and over 3,000 residents, ensuring they receive the healthcare returns they deserve. With a market size serving 1.6 million elderly residents across 16,700 facilities, Burst can ensure that essential Medicare reimbursements are accessible, transforming the way nursing homes manage healthcare billing. With a focus on healthcare inclusion, Burst’s success-based model allows any nursing home to sign up at no upfront cost, delivering reimbursements directly to their bank accounts. For more information please visit, http://www.burstmedicalbilling.com.

    About Tritent International Corp.

    Tritent International Corp. (US OTC: TICJ) is focused on the acquisition of controlling equity interests in disruptive companies by taking an active role to improve their growth, provide capital and management expertise.

    For more information, please contact:

    Tritent International Corp.
    Reno Calabrigo, Director
    Email: info@tritentintlcorp.com

    Burst Technologies, Inc.
    Eric Hansen, Director
    Email: Eric@Burstbilling.com

    Safe Harbor Statement

    This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements, as well as other risks discussed from time to time in our filings with OTC Markets, including, without limitation, our latest Quarterly Report filed on August 13th, 2024. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Footnote

    1: references Centers for Medicare & Medicaid Services, Office of the Actuary, “National Health Expenditures 2022 Highlights” https://www.cms.gov/newsroom/fact-sheets/national-health-expenditures-2022-highlights

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65b45d29-324a-4e7c-8687-64bd4f854a51

    The MIL Network –

  • MIL-OSI Translation: 26/09/2024 Solutions for entrepreneurs affected by floods

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Each taxpayer affected by the flood may apply in the manner provided for in the Tax Ordinance for the cancellation of tax liabilities. Entrepreneurs affected by the flood may take advantage of extended deadlines for payment of IVA, PIT and CIT taxes. Victims have extended deadlines for submitting JPK_VAT, summary information, the vast majority of VAT returns. A 0% VAT rate applies to donations of goods and services provided in connection with assistance to flood victims, the same rate applies to donations of building materials for the reconstruction or renovation of flood-damaged properties. We enable the use of additional tax reliefs. Injured entrepreneurs will receive a refund of the costs of purchasing cash registers up to PLN 2,000. A special hotline is operating for flood victims. The Ministry of Finance has prepared regulations that contain a number of solutions intended for victims of the September flood. In the scope not covered by the regulation, each taxpayer affected by the flood may apply in the manner provided for in the Tax Ordinance for the cancellation of tax liabilities. We are extending tax payment deadlines Entrepreneurs affected by the flood have extended tax payment deadlines for IVA, PIT and CIT. In the case of VAT, the deferral of tax payment is valid until 25 January 2025. In the scope of PIT and CIT, the deferral applies to tax advances and taxes due for August-December 2024. Entrepreneurs will settle the tax only in their annual tax return. A similar solution will apply to the flat-rate tax on recorded revenues, the so-called minimum tax on buildings and those CIT taxpayers whose tax year is different than the calendar year. The postponement also applies to the tax paid to the tax office for employees of affected companies. The above solutions apply to taxpayers and payers affected by the flood, having a place of residence or registered office or management board, respectively, and conducting business in the areas of municipalities covered by the state of natural disaster. At the same time, we are postponing the deadlines for submitting monthly and quarterly VAT declarations, summary information and JPK-VAT until November 25, 2024 (this applies to those declarations and information whose deadlines for submission fall in the period from September to October 2024). Additional tax reliefs In the event of transferring ownership of fixed assets to affected entrepreneurs free of charge or financing their purchase, entrepreneurs have the option of including depreciation write-offs in the costs of obtaining income until the end of the next calendar year. Entrepreneurs lending fixed assets to affected persons have the option of continuing depreciation write-offs and including them in the costs of obtaining income revenues.These reliefs are valid until the end of the next calendar year, subject to the second (applies throughout the entire depreciation period).In terms of stamp duty, exemption from official acts, issuing certificates or permits, submitting a power of attorney, proxy, its extract, extract, copy in matters related to the removal of the effects of flooding – submitted/issued on July 15, 2025.IVA 0% en donationsThe 0% IVA rate is applied to donations of all kinds of goods, e.g. food, blankets, sleeping bags, clothes, but also free services, such as accommodation or rental of power generators, which may be necessary to mitigate the effects of the disaster.The solution can be used by entrepreneurs making donations for purposes related to helping flood victims. It concerns support implemented through entities, usually public benefit organizations, local government units, medical entities and the Government Agency for Strategic Reserves. The 0% rate may be applied to donations made from September 12 to December 31, 2024. Details in the announcement. IVA 0% for donations of building materials for flood victims From September 24, 2024, a regulation has been in force allowing the application of a 0% VAT rate for donations of building materials transferred to victims whose real estate was destroyed as a result of the September cataclysm. The 0% rate applies to donations of such materials transferred directly to: natural persons, entities conducting activities: education, cultural, in the field of health care, social care, care for children, youth and the elderly, in the field of collective accommodation of pupils and students,

    whose properties are located in the municipalities affected by the disaster and who have the formal right to dispose of these properties. The 0% rate may be applied to donations of building materials made from the date of entry into force of the regulation, i.e. September 24, 2024, March 31, 2025. The aim of the solution is to facilitate the reconstruction or renovation of buildings and structures destroyed by the flood, and thus a faster return to normal life for residents of the area affected by the disaster. Details in the announcement. Reimbursement of the costs of purchasing a cash register In response to the demands of entrepreneurs from areas affected by the flood, the Ministry of Finance is introducing a refund of the costs of purchasing cash registers up to PLN 2,000. This solution applies to entrepreneurs who lost their cash registers as a result of the flood, who have a place of residence or registered office or management board, respectively, and who conduct business in the areas of municipalities affected by the natural disaster. Additionally, producer and importer of cash registers associated with the National Chamber of Commerce for Electronics and Telecommunications (KIGEiT) declared their assistance to entrepreneurs in carrying out tests of cash registers that were damaged in the flood, as well as a special offer for entrepreneurs who lost their cash registers as a result of the flood. Helpline and taxpayer service points There is a special helpline that taxpayers affected by the flood can call. The helpline is open on weekdays from 8:00 a.m. to 4:00 p.m. From 8:00 to 18:00, phone number 22 460 59 30. Tax authorities will consider applications from flood victims first, and certificates for affected taxpayers (on income, revenue, no arrears) will be processed “on the spot”, both submitted directly to tax offices or electronically. In tax offices where direct service is not possible, taxpayers are served via remote channels. Affected taxpayers can submit applications at any nearest tax office. To facilitate and speed up assistance to victims, temporary taxpayer service points may be created, depending on the needs.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI United Kingdom: Architectural competition winner crowned for Wolverhampton’s St George’s neighbourhood

    Source: City of Wolverhampton

    This summer saw City of Wolverhampton Council join forces with social impact developer Capital&Centric and the Royal Institute of British Architects (RIBA) to challenge competing teams of renowned architects to put forward their ideas to turn the 5 acre former Sainsbury’s site and historic St George’s Church into a new neighbourhood for the city.

    The team made up of Mikhail Riches and Periscope practices has been crowned the winner.

    Locals flocked to a Dragon’s Den style public consultation event at the University of Wolverhampton at The Halls in July, where each of the 4 teams (made up of 12 collaborating architect practices) pitched their ideas, with people able to give their opinions on their favourite. The competition was overseen by Angela Brady, a former RIBA President.  

    Angela Brady OBE said: “This was a fantastic opportunity for architects to be in competition together, working as a team with other architects to reinvent this disused part of Wolverhampton. All teams came up with vibrant ideas, which made it really hard to pick a winner. 

    “The Mikhail Riches and Periscope team had the edge with their vision, particularly with its retrofitting of the Sainsbury’s building in such an imaginative way. Also the 3 distinct zones they pitched could really create a great future for the area. 

    “This sort of collaboration between Council, developer, RIBA competitions office and architects I think allows a more joined up end result and is a model that other areas should follow.”

    The winning submission proposed a vibrant and varied neighbourhood of sustainable new homes, as well as lush outdoors spaces; boulevards and green streets; shops, cafes and bars; and community spaces.

    They proposed to retain and repurpose parts of the former Sainsbury’s building – in turn saving embodied carbon. The practices have also put the St George’s Church at the heart of the community, surrounding it with new public squares for pop up cultural events, intimate courtyards and social spaces for people to come together.

    The winning design will form the basis of the evolving St George’s masterplan, with a pre planning application submission to follow later this year.

    The announcement comes as part of Wolverhampton’s annual Business Week, that this year explores the power to boost economic growth through housing. St George’s also features as one of the major opportunities in the council’s Wolverhampton Investment Prospectus.

    Councillor Chris Burden, City of Wolverhampton Council Cabinet Member for City Development, Jobs and Skills, said: “St George’s is a fantastic opportunity to create a game changing neighbourhood of which the city can be proud. It’s a critical part of our citywide plan to unlock investment in considered development that delivers much needed homes and new opportunities for our communities.

    “The architects teams all produced outstanding design proposals and we are relishing the opportunity to work with the winners, Mikhail Riches and Periscope, to further develop their ideas.

    “It is fitting that this news comes during Wolverhampton’s Business Week, with its flagship event, the Business Breakfast, focusing on economic growth through housing, and we believe St George’s provides the opportunity to set a new design benchmark for brownfield regeneration in the city.”

    Developers Capital&Centric are leading delivery of the St George’s site, drawing on their experience of repurposing historic spaces and building standout new neighbourhoods across the UK, all with an acute focus on social impact. With a competition winner now selected, their next step will be to draw up more detailed designs.

    John Moffat, joint managing director at Capital&Centric, said: “From start to finish the St George’s architectural competition has been inspiring, from the variety of designs the architect teams put forward, to the people that came out to have their say on the options. The decision was a tough one, but the design by Mikhail Riches and Periscope is a deserved winner. 

    “St George’s is a standout opportunity to take a redundant city site and turn it into something special for the community – retaining some of the existing buildings whilst creating interesting and welcoming new spaces where people want to spend time. We’ll be spending the next few weeks looking over the winning design with the team of architects and the council to fine tune the plans, so it’s primed for us to submit a phenomenal pre-planning application submission.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Manchester to host 2025 UK Space Conference

    Source: United Kingdom – Executive Government & Departments

    Space professionals from organisations across the UK will descend on Manchester in July 2025 for the UK Space Conference.

    Sponsored by the UK Space Agency, the biennial event brings together organisations with an interest in space to meet, network, discover business opportunities and help shape the future of the space sector. The event will be held at Manchester Central on 16 to 17 July 2025.

    Dr Paul Bate, Chief Executive of the UK Space Agency, said:

    Following successful conferences in Newport and Belfast, and after opening new satellite offices across the UK this year, we are excited to host the UK Space Conference in Manchester, the world’s first industrial city.

    We look forward to welcoming attendees from across the UK, forging new collaborations and championing the benefits of the space industry as a key provider of jobs, prosperity and innovation.

    The UK space sector generates £18.9 billion and employs 52,000 people – and supports critical national Infrastructure, including energy grids and healthcare services. 

    Colin Baldwin, Executive Director of UKspace, official trade association of the UK space industry, said:

    UKspace is delighted to be supporting the 2025 UK Space Conference. This biennial event, organised by and for the sector through our strong and connected ecosystem, brings us together to discuss key issues and opportunities including addressing skills challenges, supporting fit-for-purpose regulation, spreading sustainability standards and promoting private investment – all of which underpins the long-term health of the sector.

    This first UK Space Conference under the new government will enable the sector to showcase how it plays a significant role in the delivery of the Government’s five missions – high growth, safer streets, clean energy, opportunity for all and a society that is fit for the future.

    In the early 19th century, the rapid growth of Manchester’s cotton industry drove the town’s expansion, putting it at the heart of new, global networks of manufacturing and trade.  The city is now the heart of the wider region’s thriving space sector, which comprises over 180 organisations and over 2,300 space professionals – collectively termed the North West Space Cluster.

    Companies based in Manchester include graphene specialists Smart IR, who are using breakthrough technology to control infrared thermal radiation and Graphene Innovations Manchester, who have ambitions to develop human rated graphene space structures. MDA Space UK is expanding their workforce and operations in all their UK locations, including their site near Manchester Airport, where their growing team designs and delivers digital systems and payloads for telecoms satellites.

    A night time view of Manchester from space. Image: NASA

    The North West sector has been supported by investment from the UK Space Agency’s Local Growth initiative and STFC’s (Science and Technology Facilities Council) industrial cluster development, which is helping to drive its expansion, accelerate innovation and seize commercial opportunities.

    STFC’s Alan Cross, Development Manager, North West Space Cluster, said:  

    From Jodrell Bank’s early breakthroughs to launch vehicle testing at Spadeadam in Cumbria, the North West has a proud legacy of driving space exploration and innovation. Today, as the UK reaches for new frontiers, the North West’s space sector is thriving.  

    Manchester’s satellite manufacturing and the University of Liverpool’s missions to the International Space Station are just two standout examples of this, and the UK Space Conference 2025 in Manchester will showcase this vibrancy and progress.

    Dr Phil Carvil, Head of STFC’s North West Cluster Programmes said: 

    As we leverage space to tackle 21st-century challenges and prepare for humanity’s return to the Moon, the North West Space Cluster is excited to welcome the UK Space Conference 2025 to Manchester.  

    Our businesses and institutions across the region are leading the way in space innovation and collaboration, inspiring our next generations that they too can take part in shaping the future of space and benefiting society as a whole.

    Renowned for being the birthplace of scientists James Joule and John Dalton, and sparking their discoveries in thermodynamics, meteorology and atomic theory, the region now boasts world class expertise in materials science and has unique capabilities in nuclear materials for deep space applications. A University of Manchester lab holds a world-leading range of equipment for simulation of and experimentation into material behaviours in the extreme conditions of space exploration.

    The largest scientific instrument in Human history, the Square Kilometre Array Observatory, is headquartered in Cheshire alongside the University of Manchester’s prestigious Jodrell Bank Observatory. With investment from both the UK and European space agencies, the National Nuclear Laboratory is also developing the next generation of deep space power systems in Cumbria.

    Kevin Craven, CEO of ADS Group said:

    The UK space sector is growing, unlocking significant opportunities for economic growth throughout the UK whilst delivering innovative solutions to domestic and global challenges.

    I’m delighted to see the UK Space Agency take its biannual conference to Manchester and we look forward to the event as an integral part of the space sector calendar.

    In 2023 the UK Space Conference was hosted at the ICC in Belfast and brought over 1,700 leaders together from national and international industry, government and academia to Northern Ireland for three days and generated a direct economic impact of £1.7 million through visitor spend alone. Local stakeholders in Northern Ireland reported that bringing the conference to Belfast provided Northern Ireland with a unique opportunity to promote its capabilities to an influential global space audience as well as to exchange ideas, plans and encourage development and success in the emerging space age.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Status of Digital Financial Literacy in Lakshadweep Islands: Bottlenecks and Way Forward

    Source: Reserve Bank of India

    Today the Reserve Bank of India placed on its website a research study titled “Status of Digital Financial Literacy in Lakshadweep Islands: Bottlenecks and Way Forward” under the Project Research Study1. The study is based on the primary data collected from all the ten inhabited islands in Lakshadweep – Agatti, Amini, Andrott, Bitra, Chetlat, Kadmat, Kalpeni, Kavaratti, Kiltan and Minicoy – to analyse the present status of digital financial literacy and digital financial inclusion. While households were the primary unit of enumeration of the survey, SHG members, bank employees, school authorities, students and business-persons in the islands were also interviewed.

    The major findings of the study are the following:

    • All individual respondents in the surveyed islands reported access to bank deposit accounts. Not just access but the usage of deposit accounts was higher with about 90 per cent of the respondents reporting an operation of their accounts for the purposes of savings.

    • Though there was no gender gap in the access to bank deposit accounts, there was a considerable difference between men and women with regard to banking habits in general, usage of deposit accounts in particular. While about 91 per cent of the men operated their accounts by themselves, the corresponding figure among women was 71 per cent.

    • Not just basic literacy but also digital literacy, assessed in terms of possession as well as competency to use mobile phones and computers, was found to be high among the survey respondents.

    • Automated Teller Machines (ATMs) were the most popularly used means of digital banking in the islands. About 90 per cent of the respondents in the islands had ATM cards, while 80 per cent reported an actual usage of these cards. Internet banking was not widely prevalent in the islands and only about 38 per cent of the respondents used mobile banking.

    • Despite a high degree of financial inclusion and digital literacy, a major barrier towards digital financial inclusion in the islands was the poor Internet connectivity; respondents reported apprehensions about digital transaction failures, which often discouraged them from using Internet and mobile banking.

    • Only about 30 per cent of the survey respondents were familiar with digital hygiene habits assessed in terms of usage of public Internet connections, which can be risky; closing of digital payment apps after transactions; and usage of secure passwords.

    In sum, despite being secluded geographically and with limited economic activity primarily surrounding fisheries and tourism, the financial sector in the Lakshadweep islands is well-entrenched primarily on account of banks. Banks have played an important role in the financial inclusion of the islands. Going forward, strengthening of Internet and mobile network connectivity can be a key to expanding digital financial inclusion in the islands.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1162

    MIL OSI Economics –

  • MIL-OSI Africa: Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating with a Change from Negative to Stable Outlook

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

    LAGOS, Nigeria, September 26, 2024/APO Group/ —

    Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has received an uplift to its credit ratings outlook from Moody’s Investors Service, with the assignment of a “stable” outlook. This decision further solidifies AFC’s position as one of the highest investment-grade African institutions, with Moody’s affirming the Corporation’s long-term issuer and senior unsecured ratings at A3, as well as AFC’s short-term issuer rating at P-2.

    “Notwithstanding increased country risk in several of AFC’s countries of operation over the past year, asset performance has proven resilient amid effective credit protections,” Moody’s analysts stated in its latest report. “The stable outlook also reflects management’s governance track record and early intervention capacity to mitigate materializing risks at an early stage.”

    Moody’s A3 rating affirmation reflects AFC’s adherence to its prudential guidelines to safeguard the Corporation’s intrinsic financial strength based on solid capital adequacy and high-quality liquidity buffers. In FY2023, the Corporation recorded outstanding financial performance with Capital Adequacy Ratio increased to 34.5% from 34.3% in 2022 and Cost-to-Income Ratio improved to 19.6%, from 22.7% in 2022. Additionally, the Corporation recorded Liquidity Coverage Ratios (LCR) of 161% and 143% under normal circumstances and a stress scenario respectively, significantly higher than the Corporation’s LCR requirement of greater than 100% in both scenarios.

    The decision by Moody’s is crucial for AFC to continue leveraging its top-tier credit ratings to achieve among the lowest borrowing costs of any institution in Africa, for transformational infrastructure projects in power, natural resources, transport, and technology that drive rapid industrialisation and job creation on the continent. Landmark initiatives include Djibouti’s first wind farm, with AFC as lead developer advancing plans to become the first African country wholly reliant on renewable sources for energy, and the Lobito Corridor rail project, with AFC again as lead developer working alongside the US, European Union and governments of Angola, DRC and Zambia to mobilise industry and connect the Atlantic and Indian oceans.

    “Amidst the current challenging global macroeconomic and financial conditions, we are pleased to receive such strong endorsement from Moody’s, a key lever in our access to global capital markets,” Samaila Zubairu, President and CEO of AFC, said “It reinforces our position as the resilient and reliable partner for a more prosperous African future and an indispensable ally in mobilising urgently needed capital to build the infrastructure that integrates Africa and enables its industrialisation.”

    “The change in outlook to stable from negative is driven by our expectation that AFC will be able to maintain a stable, if not improving leverage ratio and that the asset performance track record will be preserved.” Moody’s analysts said, commending AFC. “The improved leverage outlook reflects the Corporation’s continued equity raising strategy. The Corporation exceeded its $1 billion target in 2019-23 and aims to raise a similar amount during 2024-28. Moreover, the corporation lowered its dividend payout ratio starting 2023 which will help retain a higher share of earnings and grow the capital base organically in the future,” they reported.

    In the face of uncertainty in the global financial landscape, AFC successfully maintains access to the global capital markets, a testament to the confidence that investors place in the Corporation’s robust credit risk profile and it’s growing global appeal. This year, AFC has completed several pivotal funding transactions including its largest ever debt facility, a US$1.16 billion syndicated loan, attracting new lenders from the Middle East, Europe, and Asia.

    For the full statement from Moody’s, please click here (https://apo-opa.co/3XGd2FV).

    MIL OSI Africa –

  • MIL-OSI Translation: The Council of State presents its ambitious plan for purchasing power and opposes the so-called 12% tax initiative

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Swiss Canton of Vaud – news in French

    Press release from the Council of State

    Published on September 24, 2024

    Partners

    Tax strategy for individuals

    The Council of State presented today its tax reform strategy intended to support, along with other measures, the purchasing power of the people of Vaud. This “Purchasing Power Plan” aims to redistribute nearly 270 million francs per year to the population by 2027 and represents nearly one billion francs cumulatively over the entire current legislature. It is part of the major balances constructed in the legislative program and constitutes one of the most ambitious cantonal tax reforms for individuals, comprising progressive and financially absorbable measures. This plan serves as an indirect counter-project to the popular initiative “Tax cuts for all: restoring purchasing power to the middle class” – deemed excessive – and which the Council of State opposes.

    Since the beginning of the legislature, the Council of State has taken several measures to strengthen public benefits to the population that have a direct or indirect impact on purchasing power and improving the quality of life: pricing policy for mobility, professional training in the field of health and social policy. In this last area, family allowances will increase from 2025.

    In a context where the financial outlook has deteriorated (inflation, successive crises, deterioration of federal finances), the Government wishes to maintain the major balances forged in its legislative programme and proposes to the Grand Council to reject the initiative for a 12% tax cut which, with an estimated impact of around half a billion francs per year in tax revenue reduction, would have too significant an effect on cantonal finances and services to the population. The attractiveness of a canton is not only measured by its taxation, but also by the range and quality of services provided to the population by its public services.

    By presenting its Purchasing Power Plan, the Government is today making its fiscal commitments a reality. This plan has three ambitious objectives:

    Firstly, reduce the tax burden on Vaud taxpayers; secondly, improve the tax attractiveness of the Canton of Vaud in order to attract new taxpayers; thirdly, guarantee the financing of public policies and services to the population.

    The Purchasing Power Plan is made up of a series of measures, some of which have already been submitted to the Grand Council and others will be submitted shortly. Thus, nearly 270 million francs will be indirectly redistributed to the people of Vaud by 2027, or nearly one billion francs cumulatively over the entire current legislature. Specifically, the Council of State is proposing to the Grand Council a reform aimed at reducing income tax by a total of 5% and wealth tax by 5% by the end of the legislature. It also proposes raising tax thresholds and improving the framework conditions for inheritances and donations, in order to promote family inheritance and the transfer of businesses to direct descendants. These measures are in addition to the increase in the deduction for health insurance premiums, the deduction for childcare costs, and the reduction in the taxation of movable assets, all of which will come into force in 2023.

    An amendment to the law on the effects of the tax shield is planned, as is, for companies, an amendment to the directive on the estimation of unlisted securities for the purposes of wealth tax (working tool).

    In a long-term vision aimed at promoting purchasing power, the Council of State is also launching work to reform the tax scales on income and wealth, targeting the middle class, subject to the completion of individual taxation at the federal level.

    The Purchasing Power Plan is ambitious and serves as an indirect counter-project to the popular initiative “Tax cuts for all: restoring purchasing power to the middle class” which the Council of State opposes. Indeed, while it shares the will and objective of the initiators to improve the purchasing power of the people of Vaud, the Council of State considers that progressive and financially absorbable measures are preferable. The Government considers that the initiative for a 12% tax cut would harm the balance of public finances if accepted, which is why it invites the Grand Council in its notice to reject it.

    Information and Communication Office of the State of Vaud

    Press information only

    Downloads

    PDF version of the press release

    Other press releases

    This page allows you to find all the press releases published since 1997 by the Council of State, the departments of the cantonal administration, the Grand Council and the Judicial Order. Its shortcut is http://www.vd.ch/communiques. The press releases distributed by other State institutions are available on the following pages:

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI USA: Governor Newsom requests Presidential Major Disaster Declaration to support communities recovering from Park and Borel fires

    Source: US State of California 2

    Sep 25, 2024

    SACRAMENTO – Moving to support the ongoing recovery from July wildfires in Kern, Butte and Tehama counties, Governor Gavin Newsom has requested a Presidential Major Disaster Declaration to further assist recovery efforts in communities impacted by the Park and Borel fires.  

    These wildfires both ignited on July 24, 2024, in connection with an extreme heat event in California. The Park Fire burned 429,603 acres, destroyed 709 structures and became the fourth largest wildfire in California history. The Borel Fire burned 59,288 acres and destroyed 223 structures, including the town of Havilah.

    The Major Disaster Declaration request includes FEMA Individual Assistance and Hazard Mitigation programs, as well as U.S. Small Business Administration Disaster Loans and U.S. Department of Agriculture Emergency Loans for residents and businesses affected in Butte, Tehama and Kern counties. 

    A copy of the Major Disaster Declaration request can be found here. 

    “Many Californians are still feeling the impacts of the devastating Park and Borel fires, and this additional federal assistance would help further their ongoing recovery efforts. I thank the Biden-Harris Administration for their consideration and continued partnership and support for our state.”

    Governor Gavin Newsom

    “These communities impacted by the Park and Borel fires have been hit particularly hard. Butte County has seen multiple disasters including the 2018 Camp Fire which became the deadliest and most destructive fire in our state’s history,” said Cal OES Director Nancy Ward.   

    California previously secured federal Fire Management Assistance Grants to support the response to the Borel Fire as well as the response to the Park Fire in Tehama County and in Butte County. Governor Newsom visited and was briefed by federal, state and local officials at the Borel Fire Incident Command Post and the Park Fire Incident Command Post in July. He proclaimed a state of emergency in Butte and Tehama counties due to the Park Fire and in Kern County to support the response to the Borel Fire.

    Recent news

    Sep 25, 2024

    News What you need to know: New laws will give local communities more authority to protect their neighborhoods from oil and gas operations and drive faster plugging of old oil and gas wells.  INGLEWOOD, CA – Governor Gavin Newsom today signed three bills into law…

    Sep 24, 2024

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Steve Juarez, of Truckee, has been appointed to the California State Teachers’ Retirement Board. Juarez served as a Deputy State Treasurer at the California State Treasurer’s Office…

    Sep 24, 2024

    News What you need to know: Governor Newsom today signed a bipartisan legislative package to further reinforce California’s nation-leading gun laws and prevent traumatic incidents of mass violence. The laws build on California’s successful strategies to address gun…

    MIL OSI USA News –