Category: Business

  • MIL-OSI Global: Police stop more Black drivers, while speed cameras issue unbiased tickets − new study from Chicago

    Source: The Conversation – USA – By Wenfei Xu, Assistant Professor, Cornell University

    Traffic stops are meant to make the streets safer, but police interactions with Black drivers can escalate quickly. deepblue4you via Getty

    Traffic stops by Chicago police have more than doubled over the past nine years in what the American Civil Liberties Union, a civil rights group, is calling the “new stop-and-frisk.”

    Stop and frisk is when officers stop and search people based on “reasonable suspicion” that they are involved in criminal activity. The practice has been documented to disproportionately target Black and Latino people – not only in Chicago but also in New York and across the United States. In Chicago, it has declined sharply since a 2015 reform agreement between the ACLU and the Chicago Police Department.

    Meanwhile, traffic stops have surged in Chicago, rising from less than 200,000 in 2016 to over 570,000 in 2023. And much like stop and frisk, police disproportionately stop Black drivers in Chicago, according to our latest study examining racial bias in traffic enforcement.

    Drivers, automated enforcement and police stops

    Our research, published in June 2024, used data on the racial composition of drivers on every street in Chicago. We then compared who is driving on roads with who is being ticketed by the city’s speed cameras and who is being stopped by the Chicago police.

    Our findings show that when speed cameras are doing the ticketing, the proportion of tickets issued to Black and white drivers aligns closely with their respective share of roadway users. With human enforcement, in contrast, police officers stop Black drivers at a rate that far outstrips their presence on the road.

    For instance, on roads where half of drivers are Black, Black drivers receive approximately 54% of automated camera citations. However, they make up about 70% of police stops.

    On roadways where half of the drivers are white, white drivers account for around half of automated citations – and less than 20% of police stops.

    Driving while Black

    Our research adds to other evidence that shows racial bias is a problem in traffic enforcement – a problem sometimes summarized as “driving while Black.”

    The civil rights era of the 1960s was rife with law enforcement incidents that targeted Black drivers. As the scholar and historian Gretchen Sorin details in her 2020 book “Driving While Black,” the car simultaneously opened new possibilities of freedom as well as new hazards for Black people.

    By the 1990s, the whole world witnessed the punishment that could await those caught driving while Black. In 1991, a Black man named Rodney King was stopped after a high-speed chase and beaten by police in Los Angeles. The violent encounter, captured on videotape and shared on local media, became national news.

    The officers’ acquittal sparked the 1992 Los Angeles riots, in which widespread unrest and violence killed over 50 people, injured thousands and inflicted $1 billion in property damage.

    In recent years, the police killings of Daunte Wright, Tyre Nichols and other Black drivers have shown how traffic stops can escalate quickly and sometimes lethally.

    In September 2024, Miami Dolphins player Tyreek Hill was pulled over by local police on his way to a game at the Hard Rock Stadium in Miami Gardens, Florida. Police officers physically pulled Hill from his vehicle and handcuffed him. The incident raised questions about the officers’ aggressive use of force.

    A screenshot from body cam footage of officers pulling Miami Dolphins player Tyreek Hill from his car after stopping him for speeding on Sept. 9, 2024.
    Miami-Dade Police Department

    Fairer enforcement and safer streets

    All humans have biases. These biases can become dangerous when those humans are police – agents of the state who are armed and empowered to make our cities safer.

    And even when there’s no excessive use of force, disparate enforcement erodes trust between communities and police.

    In recent years, as national conversations around racial bias in policing have accelerated, many police departments have implemented programs such as implicit bias training to establish fairer enforcement. While these initiatives appear to have an effect on officers’ attitudes about implicit bias, they do not seem to change the racial breakdown of whom police stopped, searched or arrested.

    To reduce enforcement disparities and improve how traffic violations are handled, more fundamental reforms are likely necessary.

    What can more ambitious policy reforms look like?

    Several recent potential reforms of traffic enforcement center on decriminalization and de-escalation.

    Legislators in Illinois recently proposed a bill that would prohibit traffic stops solely based on noncriminal and minor offenses such as improper vehicle registration, seat belt violations or lane usage mistakes.

    Berkeley, California, is considering using trained civilians for traffic enforcement to reduce the opportunity for escalation. The idea is akin to how parking enforcement is done in many cities, including Chicago, which has unarmed parking units separate from the police.

    The rationale for many police traffic stops is safety, which should remain a priority. Between 2013 and 2022 in Chicago, crashes on average killed 44 pedestrians, seven bicyclists and 78 vehicle passengers each year.

    In contrast, the Norwegian capital of Oslo had four traffic deaths a year between 2015 and 2019. If Chicago’s streets were as safe as Oslo’s, crashes would kill 15 people each year – not 129.

    More reliance on automated traffic enforcement could improve traffic safety and transform policing.

    Red-light cameras like this one detect and punish reckless drivers without requiring person-to-person interactions.
    John M. Chase via Getty

    Cameras can detect dangerous moving violations, such as serious speeding and running red lights, without the need for immediate police involvement. Automated enforcement alone won’t guarantee safe streets, but cameras have reduced fatal and serious injury crashes substantially where deployed, including in Chicago.

    Over half of police stops in Chicago for 2023 were license plate, registration or equipment related. Automating enforcement of such nonmoving violations would eliminate a major reason for police-driver interaction, reducing the potential for bias and escalation.

    This, in turn, would free police resources to focus on nontraffic priorities.

    And as our data shows, cameras are equal opportunity ticketers: They don’t have racial bias and carry no risk of escalation.

    David Levinson has received research funding from ARC, UDIA-NSW, iMOVE, and Sydney Metro. He is affiliated with WalkSydney and Peaceful Bayside.

    Nebiyou Tilahun has received funding from the Chicago Department of Transportation and the Illinois Department of Transportation.

    Michael J Smart and Wenfei Xu do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Police stop more Black drivers, while speed cameras issue unbiased tickets − new study from Chicago – https://theconversation.com/police-stop-more-black-drivers-while-speed-cameras-issue-unbiased-tickets-new-study-from-chicago-238170

    MIL OSI – Global Reports

  • MIL-OSI: Partners Value Split Corp. Announces Completion of $150,000,000 Public Offering of Class AA Preferred Shares, Series 14

    Source: GlobeNewswire (MIL-OSI)

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

    TORONTO, Sept. 27, 2024 (GLOBE NEWSWIRE) —  Partners Value Split Corp. (the “Company”) announced today the completion of its previously announced offering of Class AA Preferred Shares, Series 14 (the “Series 14 Preferred Shares”). A total of 6,000,000 Series 14 Preferred Shares were issued at an offering price of $25.00 per Series 14 Preferred Share, raising gross proceeds of $150,000,000. The issuance included 1,000,000 Series 14 Preferred Shares issued pursuant to the exercise, in full, of the underwriters’ option granted by the Company to the underwriters in the offering. The Series 14 Preferred Shares carry quarterly fixed cumulative preferential dividends representing a 5.50% annualized yield on the offering price and have a final maturity of June 30, 2030. The Series 14 Preferred Shares have been listed and posted for trading on the Toronto Stock Exchange under the symbol PVS.PR.L.

    The net proceeds of the offering will be used by the Company in connection with the Company’s redemption of its outstanding Class AA Preferred Shares, Series 8 and to pay a special dividend on the Company’s capital shares.

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

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

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

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

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

    This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and regulations. The words “expected”, “will”, “agreed” and “enable” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters or identify forward-looking information. Forward-looking information in this news release includes statements with regard to the use of proceeds of the offering and quarterly dividends from the Company’s portfolio of Brookfield Securities which are expected to fund quarterly fixed cumulative preferential dividends for holders of the Company’s preferred shares and to enable holders of its capital shares to participate in any capital appreciation of the Brookfield Securities. Although the Company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements. Factors that could cause actual results to differ materially from those contemplated or implied by the forward-looking information and statements include: the behaviour of financial markets, including fluctuations in interest and exchange rates, availability of equity and debt financing and other risks and factors detailed from time to time in the Company’s other documents filed with the Canadian securities regulators. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the Company’s short form base shelf prospectus dated September 19, 2024 and the prospectus supplement dated September 23, 2024 for a description of the major risk factors.

    The MIL Network

  • MIL-OSI: Bitget Takes the Spotlight at TOKEN2049 Singapore with Industry-Leading Announcements

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 27, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is pleased to reflect on its impactful participation at TOKEN2049 held at Marina Bay Sands in Singapore on September 18-19. The event this year was one of the biggest in the blockchain and cryptocurrency industry, drawing in over 20,000 attendees. TOKEN2049 provided a significant platform for industry leaders, influencers, and enthusiasts to connect and exchange insights. It attracted over 400 exhibitors and garnered an impressive 123 million online impressions.

    As TOKEN2049’s title partner, Bitget showcased its dedication to advancing innovation in the cryptocurrency industry. The company announced some of the most important news of the year during the conference, including reaching 45 million users amidst its 6th anniversary celebration, $30 million investment in TON Blockchain, and being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM. Moreover, Bitget threw private boat parties, hosted exclusive meetups, and sponsored the Blockchain4Her Awards at the SheFi Summit, which honors female leaders in the blockchain and cryptocurrency industries.

    Exchanges are essential to the development of the cryptocurrency market, as Bitget’s CEO Gracy Chen highlighted in her keynote speech, “Exchanges at the Helm: Driving Crypto from Niche to Mainstream.” Gracy Chen stressed the company’s strategic focus on localization and customization to improve user experience across diverse markets during a panel discussion at the event. She emphasized that Bitget has teams dedicated to these tasks, making sure their products are in line with local culture and preferences. “We focus on customization and localization in our product listings, language support, and cultural considerations,” Chen stated. “We are still learning how to better serve our global audience.”

    “TOKEN2049 has been a remarkable opportunity for Bitget to engage with Web3 leaders and reflect on the industry’s challenges and growth,” said Gracy Chen. “Our presence as a title partner allowed us to make significant investment and partnership announcements that will help shape the future narrative for crypto.”

    Apart from its official obligations, Bitget threw a colorful Nightopia celebration at Zouk. More than 2,000 people attended the event, which included world-famous DJ Don Diablo and Bassjackers, and created an exciting atmosphere that combined entertainment and cryptocurrency culture. Those who purchased their NFT tickets with Bitget Wallet were eligible for special benefits, like a chance to win a $10,000 BWB airdrop and free drinks all evening.

    Bitget’s team engaged with over 3,000 attendees at side events during TOKEN2049, showcasing its creative offerings and initiatives within the cryptocurrency ecosystem. With close to 6-figure social media mentions, the exchange garnered significant attention and enhanced its position as a prominent player in the market.

    Bitget’s participation in TOKEN2049 reaffirmed its goal to empower users through cutting-edge trading solutions and showcased its commitment to encouraging community involvement. Bitget was founded in 2018 and now has over 30 million users worldwide. It is dedicated to improving the user experience by offering features like the first copy trading system.

    Bitget’s strategic focus on fostering relationships within the cryptocurrency community and advancing inclusivity and diversity in Web3 is highlighted by the successful execution of these events. As the company looks ahead, it remains dedicated to shaping the future of finance by ensuring secure, efficient digital transactions for all users.

    Event highlights

    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: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet

    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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/40961fd7-18fd-4ed9-beed-73a8ee9bfdab

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cf614d6f-9892-4918-87e5-52d0defacaef

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e465b6ab-ec4e-4c78-8076-613c67192269

    https://www.globenewswire.com/NewsRoom/AttachmentNg/577a3f9c-aa7e-41de-a4af-e170bcbf2f28

    https://www.globenewswire.com/NewsRoom/AttachmentNg/714a47b9-d7bf-4690-a8c7-114667f35ee2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0a3feaf7-1465-4ea2-8bbc-3be5b2f7efa6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3a392595-7d3a-4a6c-a658-6c314be367bc

    The MIL Network

  • MIL-OSI: WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY (the “ISSUER”) (a public company incorporated with limited liability in Ireland) NOTICE IN RESPECT OF PROPOSED CHANGE TO THE ISSUING AND PAYING AGENT

    Source: GlobeNewswire (MIL-OSI)

    27 September 2024

    LEI: 2138003QW2ZAYZODBU23

    WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY
    (the “ISSUER”)
    (a public company incorporated with limited liability in Ireland) 

    NOTICE IN RESPECT OF PROPOSED CHANGE TO THE ISSUING AND PAYING AGENT

    Pursuant to the terms of the Agency Agreement, Apex IFS Limited currently acts as the Issuing and Paying Agent (“Apex IFS”) in respect of the Issuer’s Collateralised ETP Securities Programme (the “Programme”).

    In accordance with Clauses 13.1 and 13.8 of the Agency Agreement, the Issuer wishes to announce that it is proposing to terminate the appointment of Apex IFS under the Agency Agreement and to appoint Apex Fund Services (Ireland) Limited (“Apex Fund Services”) to act as the issuing and paying agent in respect of the Programme on or around Monday 21 October 2024 (the “IPA Change”).

    The effective date of the IPA Change will be notified to ETP Securityholders in a separate notice.

    Terms used in this notice but not otherwise defined shall have the same meaning ascribed to them in the base prospectus of the Issuer dated 5 September 2024.

    For further information, please contact: europesupport@wisdomtree.com  

    The MIL Network

  • MIL-OSI Economics: Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) – Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak (Karnataka)

    Source: Reserve Bank of India

    It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No. S4800/12-23-151/2024-2025 dated September 26, 2024, has issued certain Directions to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak, (the bank) whereby, as from the close of business on September 27, 2024, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated September 26, 2024. Considering the bank’s present liquidity position, the bank has been directed not to allow withdrawal of any amount from savings bank, current accounts or any other account of a depositor, but set off of loans against deposits is allowed, subject to the conditions stated in the above RBI Directions. The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills, etc. as specified in the said Directions.

    2. These directions are necessitated due to supervisory concerns emanating from the recent adverse material developments in the bank, and to protect the interest of depositors of the bank.

    3. The eligible depositors of the bank would be entitled to receive deposit insurance claim amount for their deposits up to a monetary ceiling of ₹5,00,000/- (Rupees five lakh only) in the same capacity and in the same right, within 90 days, from the Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to the provisions of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 based on submission of willingness by the concerned depositors and after due verification. Details may also be accessed on the DICGC website: www.dicgc.org.in. As per the information currently available with the Reserve Bank, more than 94 per cent of the depositors of the bank will be covered by DICGC for their entire account balance.

    4. The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI. Subject to the restrictions specified in the said Directions, the bank will continue to undertake its banking business, including recovery of loans. The Reserve Bank is monitoring the position of the bank and will continue to take necessary steps, including modifications of these Directions depending upon circumstances, in the interest of depositors.

    5. These Directions shall remain in force for a period of six months from the close of business on September 27, 2024 and are subject to review.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1179

    MIL OSI Economics

  • MIL-OSI: Nadero Wealth Management Opens New Tax Consultancy in Jersey

    Source: GlobeNewswire (MIL-OSI)

    CHONGQING, China, Sept. 27, 2024 (GLOBE NEWSWIRE) — Nadero Wealth Management, a leading financial services company based in Chongqing, is proud to announce the opening of its new tax consultancy office in Jersey in a move designed to enhance its international presence and provide comprehensive tax services to clients in the region. This strategic expansion accentuates the company’s commitment to delivering exceptional financial solutions that meet the diverse needs of businesses operating within and beyond the Channel Islands.

    New Office Location and Services Offered

    The new St Helier office offers a wide range of tax-related services, including corporate tax planning, compliance advisory, personal taxation, and cross-border taxation strategies. The highly qualified team has extensive experience in both local and international tax regulations, ensuring that clients receive expert guidance tailored to their specific circumstances.

    Strategic Importance of Jersey

    Jersey is renowned for its robust financial services sector and favorable business environment. As a leading offshore jurisdiction, it provides numerous advantages for companies looking to optimize their tax strategies while ensuring compliance with global standards. By establishing a presence in Jersey, Nadero aims to support local businesses as well as international clients seeking to navigate the complexities of taxation in this unique market.

    Commitment to Client Success

    “We are excited about this new chapter for our company,” said Dennis Zheng, CEO of Nadero. “Our goal is to empower our clients with the knowledge and tools they need to succeed in an increasingly complex global landscape. With our new office in Jersey, we are better positioned than ever to provide personalized service and innovative solutions that drive growth.”

    About Nadero

    Founded in 2010, Nadero Wealth Management has established itself as a trusted global provider of financial services. With a focus on integrity, innovation, and client satisfaction, the company has built a reputation for excellence across various sectors. The opening of the Jersey office marks an important step in its mission to expand while maintaining high standards of service.

    For more information, please contact:
    Sandra Clifford, Chief Operations Officer
    s.clifford@nadero.com
    https://www.nadero.com

    To contact one of Nadero Wealth Management’s Offshore Tax Consultancy Offices, please email tax@nadero.com or visit www.nadero.com/contact-us.

    Disclaimer: This content is provided by the sponsor. The statements, views, and opinions expressed in this column are solely those of the content provider. The information shared in this press release is not a solicitation for investment, nor is it intended as investment, financial, or trading advice. It is strongly recommended that you conduct thorough research and consult with a professional financial advisor before making any investment or trading decisions. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cad54dbb-09ae-4a4a-89b9-25133a6b38bd

    The MIL Network

  • MIL-OSI: 2X Named to the Philadelphia Business Journal’s Fast 50 List

    Source: GlobeNewswire (MIL-OSI)

    MALVERN, Pa., Sept. 27, 2024 (GLOBE NEWSWIRE) — 2X, the global leader in B2B marketing as a service (MaaS), is proud to announce its recognition on the Philadelphia Business Journal’s 2024 prestigious Philly’s Fast 50 list, ranked number 15. Each year, the Philadelphia Business Journal recognizes Greater Philadelphia’s fastest-growing companies based on average two-year revenue growth.

    2X boasts a strong executive leadership team based in Philadelphia and has cultivated strong client advocates among organizations in the Philadelphia area, including SAP, Qlik, Ricoh, and the private equity firm LLR Partners. 2X strives to foster a culture that helps both employees and customers achieve their growth objectives by offering extensive training programs that create some of the highest-paying go-to-market-focused jobs in the region. Additionally, it has one of the largest groups of certified B2B marketers globally, with employees holding over 300 B2B marketing-related certifications.

    The company’s business model addresses the primary need of B2B marketing leaders: doing better with less. Given the current market dynamics that demand both efficiency and impact, 2X has experienced an impressive 88% compound annual growth rate (CAGR) over six years. As CMOs, CFOs, CEOs, and boards seek greater impact, flexibility, and cost efficiency from their marketing investments, 2X has seen significant growth in marketing technology (MarTech) management functions and overall marketing organization transformation.

    “I’m incredibly proud of 2X being named to the Philadelphia Business Journal’s Fast 50 list. As someone with deep roots in Philadelphia, it’s an honor to represent our city on the global stage, helping to drive the B2B marketing industry forward. Our team’s relentless focus on innovation and excellence, alongside our commitment to both clients and employees, has positioned 2X as a leader in transforming how businesses approach marketing,” said Domenic Colasante, CEO of 2X. “We’re making Philadelphia proud by building one of the largest and most skilled groups of B2B marketers worldwide and delivering real impact for our clients across the globe.”

    This year, the program formerly known as Soaring 76 has been rebranded as Philly’s Fast 50, with a renewed focus on recognizing private companies. Philly’s Fast 50 list honors businesses with significant growth and sustained success. 2X’s inclusion in this year’s rankings underscores its exceptional performance in the local market and its continued global influence in the marketing industry.

    To view the complete list of this year’s Philly’s Fast 50, visit https://www.bizjournals.com/philadelphia/event/170174/2024/2024-phillys-fast-50.

    About 2X
    2X is the global leader in B2B marketing as a service (MaaS), helping marketing leaders achieve greater impact while lowering costs through its unique managed services delivery model. 2X provides best-in-class MOps and MarTech management, campaign build and optimization, content and creative production, and strategy consulting services. 2X is a services partner of 6sense, Salesforce, Adobe Marketo Engage, HubSpot, Bombora, Drift, WordPress, Google, Meta, and many other leading revenue platforms.

    With more than 1,000 team members globally, 2X is backed by private-equity firm Recognize Partners. 2X has been recognized as one of the fastest-growing companies in the US by Inc. and the Financial Times. For more information, visit 2X.marketing or our LinkedIn.

    Media Contact
    Audree Hernandez
    Jmac PR for 2X
    2X@jmacpr.com

    The MIL Network

  • MIL-OSI: Color Star Technology Announces Pricing of Initial $7.0 Million Tranche of up to $33.0 Million Registered Senior Secured Convertible Notes

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) — Color Star Technology Co., Ltd. (Nasdaq: ADD) (“Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, today announced it has entered into securities purchase agreements with certain institutional investors (the “Investors”) to purchase senior secured convertible notes in the aggregate principal amount of $7.6 million (the “First Closing”), having an original issue discount of 8% and a maturity of twelve months from issuance, resulting in net proceeds to the Company of approximately $7,000,000 (the “Convertible Notes”). The Convertible Notes will bear an interest rate of 6.0% per annum and will be convertible 45 days after the date of the First Closing, subject to certain conditions, into Class A Ordinary Shares of the Company (the “Ordinary Shares”) at an initial conversion price equal to the lower of $1.60, or the Alternative Conversion Price, as set forth in the Convertible Notes. This First Closing is expected to occur on or about September 30, 2024, subject to the satisfaction of customary closing conditions.

    Under the terms of the securities purchase agreements, the Convertible Notes will be issued to the Investors, together with registered warrants to purchase up to an aggregate of approximately 2.9 million Ordinary Shares. The warrants to be issued at the First Closing will be exercisable 45 days after issuance, subject to certain conditions (the “Initial Exercise Date”), will expire on the five-year anniversary of the Initial Exercise Date, and will have an exercise price of $1.60 per share and contain certain anti-dilution provisions.
      
    Maxim Group LLC is acting as the sole placement agent in connection with the offering.

    Subject to the satisfaction of certain conditions, the Company and the Investors may mutually agree to the purchase and sale of additional Convertible Notes and accompanying warrants for up to an additional aggregate amount of  $26.0 million. Any additional Convertible Notes and warrants sold will have substantially similar terms to those issued in the First Closing.

    The securities described above are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-281668), which was declared effective by the United States Securities and Exchange Commission (“SEC”) on August 28, 2024. A prospectus supplement relating to the securities will be filed by the Company with the SEC. Copies of the prospectus supplement relating to the offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

    About Color Star Technology Co., Ltd.

    Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com. 

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; the ability of Color Star to meet NASDAQ listing standards in connection with the consummation of the transaction contemplated therein; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

    Contact

    Color Star Investor Relations
    Office Number No. 1003, 9th Floor,
    7 World Trade Center, Suite 4621
    New York NY 10007
    Office: (212) 410-5186
    Email ir@colorstarinternational.com

    The MIL Network

  • MIL-OSI Canada: Government of Canada supports health sciences SMEs to create new health technologies

    Source: Government of Canada News (2)

    News release

    Government of Canada invests in specialized programming to benefit 75 SMEs in southern Ontario’s health sciences sector 

    September 27, 2024 – Hamilton, Ontario

    Canada’s health sciences innovation sector continues to lead on developing innovative ideas and products that will lead to a better and healthier future. The Government of Canada is supporting businesses and organizations in this vital sector with the support they need to drive impactful health solutions for Canadians.

    Yesterday, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), attended the 14th annual LiONS LAIR hosted by Innovation Factory.  More than 400 members of the Hamilton Life Sciences ecosystem gathered to celebrate innovation in the Hamilton-Halton region.

    While at the event, Minister Tassi announced a Government of Canada investment of over $5 million for Innovation Factory in collaboration with the Synapse Life Sciences Consortium to support the continued delivery of the Southern Ontario Pharmaceutical and Health Innovation Ecosystem (SOPHIE) program, which opened for applications yesterday. The program will assist up to 75 health sciences SMEs in southern Ontario as they commercialize their products and scale their businesses. Participating businesses will have access to mentorship and advisory services, seed funding, and new partnerships. This critical work will help accelerate their product development, and anchor health sciences companies here in southern Ontario.

    This project aligns with the Government of Canada’s priority to support emerging growth opportunities in this important sector. Innovators and organizations that create healthcare technologies are helping to keep Canadians healthy while strengthening Canada’s health sciences sector and creating new job opportunities for Canadians.

    Quotes

    “Innovation Factory is undertaking critical work that will support 75 SMEs expand and grow their businesses, all while helping to anchor health sciences companies here in Canada. The investment made today demonstrates the Government of Canada’s dedication to supporting innovators in health sciences and moving towards a healthier future for Canadians.”
    – The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario 

    “The renewal of funding for Innovation Factory’s SOPHIE program is a testament to the remarkable impact it has had on Ontario’s health sciences sector over the past few years. This continued support from the Government of Canada enables us to build on this success, driving further innovation, job creation, and global competitiveness in the health sciences industry. We are excited to see SOPHIE continue to transform the landscape for health science entrepreneurs and strengthen Ontario’s position as a leading hub for health innovation.”
    – David Carter, CEO of Innovation Factory

    Quick facts

    • Innovation Factory is a not-for-profit business accelerator, serving as the catalyst for technology innovation in the Brant, Halton, Hamilton and Norfolk regions since 2010. 

    • Innovation Factory provides business services, training, mentorship, and strategic connections to drive market adoption, leverage intellectual property, and increase revenues, investment, and jobs. Innovators can also access sector-specific resources including exclusive smart transportation test environments and data; and a formal health science and health innovation ecosystem.

    • FedDev Ontario previously provided Innovation Factory with an investment of $7 million to deliver the first intake of the SOPHIE program. To date, through SOPHIE, 166 innovative Ontario-based health science start-up and scaling companies in the health, medical device, and pharmaceutical sectors, received support to develop and commercialize new products and services.

    • Since 2015, the Government of Canada, through FedDev Ontario, has invested over $237 million in 58 life science projects, supporting over 7,700 jobs.

    Associated links

    Contacts

    Edward Hutchinson
    Press Secretary
    Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
    Edward.Hutchinson@feddevontario.gc.ca

    FedDev Ontario Media Relations
    media@feddevontario.gc.ca

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    FedDev-Ontario.Canada.ca

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    MIL OSI Canada News

  • MIL-OSI Canada: Indigenous Guardians projects 2024–2025

    Source: Government of Canada News

    Today, Jaimee Gaunce, Executive Director of the First Nations National Guardians Network (NGN), joined the Honourable Steven Guilbeault, Minister of Environment and Climate Change; the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario; and Marcus Powlowski, Member of Parliament for Thunder Bay—Rainy River, to announce the investment of up to $27.6 million to support 80 First Nations Guardians initiatives.

    Alberta

    Project title: Mikisew Cree First Nation Guardian Program
    Recipient: Mikisew Cree First Nation – Government and Industry Relations
    Funding amount: $350,000
    Project description: This two-year, ongoing initiative will study how oil sands development, particularly bitumen mining and hydroelectric projects, are affecting the health of the Peace-Athabasca Delta, the heart of Mikisew’s traditional territory. Guardians work year-round to monitor water quality, collect data, track flood events, and monitor the fish population.

    Project title: Ni Ho Ghe Di – ACFN Guardian Program Athabasca Chipewyan First Nation
    Recipient: Dene Lands and Resource Management
    Funding amount: $350,000
    Project description: This two-year initiative will monitor and report on activities that may cause harm to the ecology, traditional lands, or traditional resources of Athabasca Chipewyan First Nation (ACFN), such as poaching and illegally hunting on the traditional territory, especially to protect Ronald Lake Buffalos. The initiative will also support youth to strengthen their cultural pride and connection to the land and develop on-the-land skills.

    Project title: Guardians of the Territory – Dene Tha’ First Nation
    Recipient: Dene Tha’ First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will engage in diverse activities, such as ecological restoration, supporting resource management plans, and ensuring compliance with laws and regulations. Guardians will protect and recover species at risk, manage land use in the proposed Indigenous Protected and Conserved Area at M’behcholia (Bistcho Lake, Alberta), and conduct environmental and wildlife monitoring.

    Project title: Alexis Nakota Sioux Nations Guardians Initiative
    Recipient: Alexis Nakota Sioux Nation
    Funding amount: $346,400
    Project description: This two-year initiative will involve conducting and analyzing aerial surveys, creating a geographic information system (GIS) data management and visualization system using R-Studio and ArcPY, and continue to develop the Stoney Land and Water Course.

    British Columbia

    Project title: Kitasoo Xai’xais Guardian Watchmen Program Enhancement
    Recipient: Kitasoo Xai’xais Nation
    Funding amount: $604,925
    Project description: This two-year initiative focuses on marine and terrestrial surveying, along with compliance and enforcement practices involving education, observation, and reporting. The Guardians also actively participate in the Coastal Nations Coast Guard Auxiliary and undertake training for emergency response in search and rescue and oil spills.

    Project title: Coastal Stewardship Network
    Recipient: Great Bear Initiative Society
    Funding amount: $499,785
    Project description: This two-year initiative provides programming to the Coastal First Nations – Great Bear Initiative’s eight member nations, who work directly with communities to support Guardians along the North and Central Coast and Haida Gwaii to track resource use and ecosystem health, provide training and professional development, raise awareness, and help establish a stewardship presence on the coast.

    Project title: Songhees Nation Guardians Program
    Recipient: Songhees Nation
    Funding amount: $50,000
    Project description: This one-year initiative continues work with community members, Band Council, and outside organizations to provide monitoring services, promote stewardship in the community, and restore habitat areas. This initiative helps establish stronger Indigenous presence on the water during fishing seasons, as it is critical in establishing more authority over fisheries and coastal resources on the land.

    Project title: Lower Nicola Indian Band – Indigenous Guardians Program – Tier 1
    Recipient: Lower Nicola Indian Band
    Funding amount: $49,450
    Project description: This one-year initiative aims to build capacity, skills, and knowledge for a new Guardians program in the community. This will involve mapping and indexing areas in the territory, engaging with Elders and knowledge keepers, engaging with the community, drafting a plan, and working with chief and council to ensure the vision aligns with the strategic plan.

    Project title: Mamalilikulla First Nation Guardian Program
    Recipient: Mamalilikulla First Nation
    Funding amount: $350,000
    Project description: This two-year initiative involves ongoing activities where Guardians spend time on the land to collect data, monitor cultural sites, manage Grizzly Bear populations, plant crab apple trees to provide food for the bears, and improve fisheries. This work helps the Chief and Council make informed decisions.

    Project title: Wet’suwet’en First Nation Guardian Initiative: A Holistic Approach
    Recipient: Wet’suwet’en First Nation
    Funding amount: $75,745
    Project description: This one-year initiative will monitor and collect data on moose population and mortality rates, assess wildlife habitats, setup wildlife cameras, and conduct riparian assessments. It will also explore starting a water-monitoring program in identified priority areas. These efforts will help the community observe and document activities or cumulative effects that impact their ability to practice traditional ways of life.

    Project title: Saulteau First Nations Indigenous Guardian Proposal
    Recipient: Saulteau First Nations
    Funding amount: $350,000
    Project description: This two-year initiative will help the community take leadership in monitoring, protecting, and restoring the lands and waters, which is essential for the health and well-being of the community. Activities include supporting safe food harvesting and cultural activities, protecting Klinse-za Park, monitoring climate changes, and understanding how events like forest fires affect the community, fluctuations in weather patterns, and alterations in animal movements and water availability.

    Project title: Saik’uz Guardian Program
    Recipient: Saik’uz First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will build upon long-term monitoring efforts through a self-sustaining, community-based Saik’uz Guardians Initiative. The Guardians will be guided by the wisdom of both Indigenous Knowledge and western science, for the purposes of empowerment and self-determination of the Nation’s future connected to the water and land of the Territory.

    Project title: P’egp’ig’lha Guardians
    Recipient: P’egp’ig’lha Council / T’it’q’et First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will conduct patrols of the land to ensure territorial health and study wildlife and fisheries. Guardians play an essential role in protecting and restoring the Stein-Nahatlatch Grizzly Bear population, assisting with wildfire recovery, and strengthening collaboration with other nearby Guardian programs.

    Project title: Pauquachin First Nation Marine Department – Stewardship Initiative
    Recipient: Pauquachin First Nation
    Funding amount: $350,000
    Project description: This two-year initiative monitors one of the most heavily travelled and utilized waterways within British Columbia. Guardians review culturally sensitive archaeological sites, harvesting areas, recreational and commercial fisheries use, environmental threats (pollution sources, dumping, illegal activities, and poaching), and conduct restoration in specified areas of importance. This initiative represents the community’s interests, concerns, and objectives to ensure waterways, food, historical sites, and cultural practices continue for generations to come.

    Project title: Takla Nation’s Tier 2 Guardians Initiative
    Recipient: Takla Nation
    Funding amount: $499,959
    Project description: This ongoing initiative monitors more than 30 established sites across Takla’s lands and waters. This work is essential for Takla to implement environmental and cultural protections, including ensuring archaeological impact assessments are carried out by various proponents and government agencies align with Takla’s Archaeology Policy. Additionally, it builds capacity to monitor the caribou and moose populations and sustains the Guardians program by fostering engagement with youth in the community.

    Project title: Tsilhqot’in Guardian Network
    Recipient: Tsilhqot’in National Government
    Funding amount: $500,000
    Project description: This two-year initiative, led by the Tsilhqot’in National Government in collaboration with six Tsilhqot’in communities—Xeni Gwet’in, Tlesqox, Tletinqox, Tsi Del Del, ?Esdilagh, and Yunesit’in—aims to integrate and strengthen Tsilhqot’in values in the management of the region’s lands and waters. Working in partnership with provincial and federal land and water management agencies, the initiative will see Guardians will conducting patrols for hunting, fishing, and fire prevention, as well as wildlife- and water-monitoring research to ensure the sustainable stewardship of Tsilhqot’in territories.

    Project title: Quatsino Axsilaxa Ahwheatnagwusn Guardians Program
    Recipient: Quatsino First Nation
    Funding amount: $342,765
    Project description: This two-year initiative aims to support the implementation of the Quatsino Land Use Plan and the Marine Use Plan. This will be done through field-based work, such as data collection and monitoring. These efforts will be central to ecosystem restoration and establishing food security through the local harvesting of traditional foods.

    Project title: nłeʔképmx Guardians
    Recipient: Citxw Nlaka’pamux Assembly
    Funding amount: $350,000
    Project description: This two-year initiative will continue to establish presence on the land and provide public education and awareness about the nłeʔképmx territory, protocols, and cultural practices. Guardians will monitor and record activities on the land with a focus on priority areas determined by the Citxw Nlaka’pamux Assembly. These priority areas include critical hunting, fishing, gathering, and other culturally important areas. nłeʔképmx Guardians will record, monitor, and manage for invasive species and will contribute to research regarding species at risk in the territory.

    Project title: Supporting and Maintaining a Strong and Efficient Heiltsuk Guardian Watchmen Program
    Recipient: Heiltsuk Integrated Resource Management Department of the Heiltsuk Tribal Council
    Funding amount: $349,499
    Project description: This two-year initiative will focus on capacity-building, monitoring local aquatics ecosystems and community fisheries for safe harvesting and to support and reestablish this life-sustaining relationship between the people and territory.

    Project title: Haa Aaní Tulatín – Taku River Tlingit First Nation Land Guardian Program
    Recipient: Taku River Tlingit First Nation
    Funding amount: $349,600
    Project description: This two-year initiative will respond to threats to the territory and monitor salmon populations. The Guardians will work to strengthen salmon stewardship by organizing multi-day camps that focus on traditional fishing, intergenerational knowledge transfer, and on-the-land monitoring.

    Project title: Spuzzum Nation Land Guardians Initiative
    Recipient: Spuzzum Indian Band
    Funding amount: $50,020
    Project description: This one-year initiative will focus on protecting important ecosystems by monitoring key territorial and cultural sites, collecting ecological data, and safeguarding species like the endangered Northern Spotted Owl. The Guardians will also help to develop a framework for stewardship policies.

    Project title: Kwadacha Nation Tier 2 Guardian Proposal
    Recipient: Kwadacha Nation
    Funding amount: $348,734
    Project description: This two-year initiative aims to provide long-term ecological and cultural monitoring to track changes on key wildlife habitats, traditional food sources, and water sources. This will aid in discussing how potential changes may impact the roles and responsibilities of being Dena on the land.

    Project title: Doig River First Nation Guardian Program
    Recipient: Doig River First Nation
    Funding amount: $349,188
    Project description: This two-year initiative will focus on improving monitoring of the lands and waters by combining cultural methods and western science. Doig River First Nation Guardians will continue to monitor the health of the land, guided by members, and will work collaboratively with the government to address any impacts.

    Project title: Nahnéhé Gegenı́hı / Kakinawetakwow Uski / FNFN Land Guardian Initiative
    Recipient: Fort Nelson First Nation
    Funding amount: $375,000
    Project description: This two-year initiative supports the Fort Nelson First Nation (FNFN) stewardship, land management, and on-the-land cultural activities. The Guardian is guided by western science monitoring and research while grounded in Indigenous ways of knowing and understanding the health and condition of the lands and waters.

    Project title: Scianew Guardians Initiative
    Recipient: Beecher Bay First Nation
    Funding amount: $348,614
    Project description: This two-year initiative will work toward environmental conservation, monitoring, training for Guardians, impact assessments, land sovereignty, and marine safety. This will be done through partnerships with neighbouring nations, Western Canada Marine Response Corporation (WCMRC) and Kotug Canada.

    Project title: USIB Land Guardian Program
    Recipient: Upper Similkameen Indian Band
    Funding amount: $391,894
    Project description: This two-year initiative aims to address critical environmental challenges while deeply integrating Indigenous Knowledge, community engagement, and sustainable practices. The Guardians initiative emphasizes land conservation, sustainable resource management, and fostering ecosystem resilience.

    Project title: Establishing Boothroyd Guardians Program
    Recipient: Boothroyd Indian Band
    Funding amount: $50,000
    Project description: This one-year initiative will monitor environmental indicators within the territory, support restoration work in areas damaged by wildfire, and the subsequent erosion. Boothroyd Guardians will engage with land-user groups to increase understanding and respect for the environment.

    Project title: TTQ Guardians Program Initiation Project
    Recipient: TTQ Economic Development Corporation
    Funding amount: $62,533
    Project description: This one-year initiative aims to collect and organize Xa’xtsa’s previously recorded cultural knowledge data, map priority areas, and develop a monitoring plan. The goal is to observe changes in the supply of traditional herbs and plants, the frequency and impacts of foraging on the land, vitality of salmon spawning, changes in unauthorized camping, and invasive plants and animals.

    Project title: Wildfire Recovery Monitoring
    Recipient: Okanagan Indian Band
    Funding amount: $350,000
    Project description: This two-year initiative will assess the conditions of the White Rock Lake watershed before and after wildfires for the Okanagan Indian Band. The Guardians will conduct site assessments, inventory culturally significant resources, monitor wildlife, and assess the severity of burn damage to guide restoration efforts.

    Project title: Nanwakolas – Stewarding Through Indigenous Scientific Knowledge
    Recipient: Nanwakolas Council Society
    Funding amount: $500,000
    Project description: This two-year initiative will apply Kwakwaka’wakw values and Indigenous scientific knowledge on a variety of projects, including loxiwe (clam garden) restoration, canoe carving, hosting Guardian seasonal gathering events, as well as data collection on water, wildlife monitoring, climate change studies, and emergency response planning.

    Project title: Continuing to Build the Skwxwú7mesh Úxwumixw (Squamish Nation) Guardians Programs Initiative
    Recipient: Squamish Nation – Squamish Indian Band 555
    Funding amount: $349,505
    Project description: This two-year initiative will conduct stewardship activities, respond to climate events and emergencies, and increase public safety. The Guardians will continue to be on the land engaging and learning from Elders, knowledge keepers, and youth, as well as collaborating with other Nations to share information and build capacity across the National Guardians Network.

    Project title: St’át’imc Land Guardians
    Recipient: St’at’imc Government Services
    Funding amount: $425,180
    Project description: This two-year initiative will focus on the implementation of the St’át’imc Water Accord. This includes collecting baseline data of three intact watersheds and three impacted watersheds to assess water quality. Other activities include capacity-building and reviewing stories and legends through workshops/collaborative research with the Indigenous Law Research Unit.

    Project title: Nak’azdli Whut’en Yinka Huwunline (Looking After/Taking Care) Guardians Program
    Recipient: Nak’azdli Whut’en
    Funding amount: $349,942
    Project description: This two-year initiative will build geospatial mapping technology for Guardians to use in monitoring. It will create open portals for communication while protecting internal data and cultural information. The project will use remote sensing technology to create “living maps” that track seasonal phenology, quantify impacts, and present informed engagements on stewardship with industry, government, consultants, and academics.

    Project title: Lake Babine Nation Yintah Guardians
    Recipient: Lake Babine Nation
    Funding amount: $350,000
    Project description: This two-year initiative will lead the collaborative stewardship of yintah Lake Babine Nation (LBN) territory and the resources of two cultural keystone species, talok (Sockeye Salmon) and khida (moose), to restore moose populations to culturally meaningful levels, and to support fish monitoring, habitat restoration, and collaborative management.

    Manitoba

    Project title: Seal River Watershed Alliance Land Guardians Network
    Recipient: Seal River Watershed Alliance
    Funding amount: $500,000
    Project description: This two-year initiative will employ 14 youth and senior staff in Land Guardian positions across the four Nations of the Alliance. This initiative builds technical capacity and administers species and habitat identification, monitoring, and protection, and stewards the watershed.

    Project title: Askiy Okanawaynichikaywuk (Keepers of the Land)
    Recipient: York Factory First Nation
    Funding amount: $349,860
    Project description: This two-year initiative will maintain trails, monitor cultural and historic sites, observe changes in the land, and support respectful land use. Guardians will have a visible presence, doing community outreach, participating in land-based events, and helping to inform Council’s decisions about land use, stewardship, and protection.

    Project title: Pimachiowin Aki First Nations Guardians Network
    Recipient: Pimachiowin Aki Corporation
    Funding amount: $499,615
    Project description: This two-year initiative will focus on seasonal fishing monitoring of Pickerel (Walleye), all-season road alignment, wildfire management, and climate change adaptation and mitigation. Guardians provide professional capacity and presence in Pimachiowin Aki, expressing Anishinaabe nationhood, as well as filling gaps in the Information Management System and provincial patrols and monitoring activities throughout the year.

    Project title: SCO First Nations Guardians Regional Network
    Recipient: Southern Chiefs’ Organization Inc.
    Funding amount: $500,000
    Project description: This two-year initiative will focus on strengthening Indigenous jurisdiction over their traditional lands, capacity-building, training and skills development in environmental monitoring and management, and encouraging cooperation and collaboration between communities on stewardship and natural resource management issues.

    Project title: SLFN Land-Water-Nature Indigenous Guardianship Stewardship Initiative
    Recipient: Swan Lake First Nation
    Funding amount: $349,285
    Project description: This two-year initiative, together with Agriculture and Agri-Food Canada, will continue to evaluate the revegetation terraces and re-seed as necessary, monitor water quality from the tile drainage structure, and monitor wildlife and pollinator populations. The data collected will assist in understanding the success rate of this project in reducing nutrient pollution and enhancing ecosystems.

    New Brunswick

    Project title: Amlamgog Earth Keepers
    Recipient: Fort Folly First Nation
    Funding amount: $321,411
    Project description: This two-year initiative will expand and enhance an existing salmon recovery initiative. This initiative will focus on flora and fauna monitoring, following the traditional guiding principle of Etuaptmumk (two-eyed seeing).

    Project title: Wotstak First Nation Guardians Initiative – Tier 1
    Recipient: Woodstock First Nation
    Funding amount: $50,000
    Project description: This one-year initiative will collect data and conduct ecosystem monitoring guided by Woodstock’s Aboriginal Traditional Knowledge for conservation, with the goal of developing a land use plan.

    Project title: Elugweieg Toqwe’gig ugjit Ugs’tqamu aq ugjit Sapo’nug (We Work Together for Earth and for Tomorrow)
    Recipient: Esgenoôpetitj Watershed Association
    Funding amount: $349,923
    Project description: This two-year initiative will expand Esgenoôpetitj aquatic monitoring and governance, led by Esgenoôpetitj First Nation (EFN) Fishery Guardians in collaboration with Fisheries and Oceans Canada enforcement personnel in the management, conservation, and protection of the fisheries in the areas most utilized by the community.

    Newfoundland and Labrador

    Project title: Innu Nation Guardian Program
    Recipient: Innu Nation – Environment and Parks Offices
    Funding amount: $700,000
    Project description: This two-year initiative will integrate the Sheshatshiu and Mushuau Innu (Natuashish) communities through environmental stewardship and cultural preservation. The initiative will focus on five objectives: creating additional Guardian positions, providing technical and safety training, hosting youth workshops for knowledge transfer, purchasing necessary equipment, and developing cultural initiatives to uphold and promote Innu traditions and ecological knowledge.

    Nova Scotia

    Project title: Re-Connecting Our People with the Land
    Recipient: Eskasoni Fish & Wildlife Commission Inc.
    Funding amount: $375,000
    Project description: This two-year initiative will help protect the Eskasoni Watershed and the bio-cultural diversity within the Nation for future generations, as well as reconnecting the people with the land by supporting community-led research and conducting surveys to monitor the changes in the fisheries and ecosystems. The Guardians will be responsible for monitoring activities within the watershed that could impact fish habitat, fish passage, and other species at risk or culturally significant species. This initiative will also support designation of an Indigenous Protected and Conserved Area.

    Project title: Nova Scotia Earth Keepers / Nuji kelo’toqatijik Network
    Recipient: Unama’ki Institute of Natural Resources Society
    Funding amount: $500,000
    Project description: This two-year initiative includes gathering and sharing of Indigenous Knowledge, promoting Netukulimk hunting practices, and monitoring and data collection, including identifying areas suitable for cultural activities, harvesting of medical plants, monitoring species at risk, and education and outreach about culturally important species.

    Northwest Territories

    Project title: Ni hat’ni Dene (Watchers of the Land)
    Recipient: Lutsel K’e Dene First Nation
    Funding amount: $349,600
    Project description: This two-year initiative maintains a long-term mandate to promote stewardship of Thaidene Nene, working full-time as caretakers of the land, water, and animals, ambassadors of the Dene way of life, and hosting visitors. Initiatives include protecting the Bathurst Caribou, passing on cultural knowledge to youth, and ensuring food security.

    Project title: DKFN Guardians
    Recipient: Deninu Kue First Nation
    Funding amount: $333,055
    Project description: This two-year initiative will monitor the lands and water. Guardians will patrol the land to ensure it is kept clean and will conduct water-quality sampling and clean fish monitoring.

    Project title: LKFN Guardians and Climate Change Monitoring Project
    Recipient: Łı́ı́dlı̨́ı̨́ Kų́ę́ First Nation
    Funding amount: $349,961
    Project description: This two-year initiative aims to monitor the environmental impacts of climate change in the Dehcho Region of Northwest Territories. The initiative will include monitoring of various indicators, such as permafrost melt, riverbank slumping/erosion, and shifting species populations. Guardians will be equipped with specialized training to monitor erosion, permafrost conditions, observe melt patterns, and assess the depth of thaw. This crucial data collection is important to assess the changing landscape.

    Project title: Sahtu K’aowe Guardians Project in Support of the Tsá Tué Biosphere Reserve
    Recipient: Délįnę Got’įnę Government
    Funding amount: $350,000
    Project description: This two-year initiative supports monitoring of the Great Bear Lake and its watershed using two-eyed seeing methods (bridging western science and Indigenous Knowledge) for the conservation of biodiversity, ecological integrity, climate change adaptation, sustenance of local wildlife, and food security, as well as for cultural continuity and revitalization.

    Ontario

    Project title: Environmental Stewardship on Air Quality Issues for Aamjiwnaang First Nation
    Recipient: Aamjiwnaang First Nation
    Funding amount: $48,732
    Project description: This one-year initiative will monitor the air, water, and land surrounding Aamjiwnaang First Nation (AFN) that has been impacted by industry development. Guardians will identify environmental monitoring gaps (for example, soil, water, air, fish, plants, and species at risk), develop plans for data collection, improve emergency notification, as well as community responses to petroleum refineries, chemical plants, and other industrial facilities in proximity to AFN.

    Project title: Temagami First Nation Guardians
    Recipient: Temagami First Nation
    Funding amount: $451,000
    Project description: This two-year initiative prioritizes water quality, species, and habitat protection; preservation of Indigenous wisdom; and data collection and monitoring. Guardians will be engaged in monitoring, recording, and reporting activities related to land use and environmental protection. Specific attention will be given to Lake Temagami, including monitoring ice huts, houseboats, shores, and more.

    Project title: Atikameksheng Anishnawbek – Phase 2 – Monitoring of Atikameksheng Traditional Land
    Recipient: Atikameksheng Anishnawbek
    Funding amount: $347,263
    Project description: This two-year initiative will help with the collection of maple sap during Sugar Moon and other food harvestings, which is provided to Elders and the Nations’ food bank. Guardians will monitor the lands, conduct field site inspections for proposed forestry cuts to ensure grandmother trees are protected, and complete daily field work sheets and site inspections that will provide important environmental information on spills, violations, and forestry cuts.

    Project title: Anishinabek Traditional Ecological Guardians of Georgian Bay
    Recipient: Magnetawan First Nation
    Funding amount: $500,000
    Project description: This two-year initiative supports land-based learning, knowledge transfer, and technical skills training on species at risk, species monitoring, data collections, and other land-management activities using the two-eyed seeing approach. The initiative will also help to strengthen capacity and sustainable management for other First Nation groups.

    Project title: Charting the Path Ahead – Anishinaabe Aki Shkabewisag (Niiwin Wendaanimok Anishinaabe Guardians Network)
    Recipient: Niiwin Wendaanimok Limited Partnership
    Funding amount: $500,000
    Project description: This two-year initiative will support four Anishinaabe Nations to mitigate and monitor compliance on development in the territory; increase capacity to care for lands, water, plants, and animals; and work collaboratively to identify individual needs and create personalized coaching and mentorship programs. The Anishinaabe Guardians will identify and protect areas of significance by interviewing Elders and knowledge keepers.

    Project title: Ketegaunseebee Aki Guardians
    Recipient: Garden River First Nation
    Funding amount: $301,400
    Project description: This two-year initiative will assist Garden River First Nation in monitoring and protecting the St. Marys River and the lands to uphold a treaty made with neighbouring Indigenous Nations. The initiative will focus on capacity-building, community engagement, and fieldwork including patrolling, monitoring species at risk and invasive species, and forestry.

    Project title: Four Rivers Regional Guardians Network
    Recipient: Matawa First Nations Management
    Funding amount: $389,771
    Project description: This two-year initiative focuses on environmental stewardship and capacity-building in nine Matawa First Nations. The Four Rivers Regional Guardian Network will engage in virtual and in-person networking to expand its knowledge and capacity, including cultural exchanges within the network.

    Project title: Biinjitawaabik Zaaging Anishnaabek Community Guardians
    Recipient: Biinjitiwaabik Zaaging Anishnaabek Rocky Bay First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will implement sturgeon and mining site protocols, conduct environmental monitoring analysis, map the Lake Nipigon basin, and integrate the data into a geographic information system database.

    Project title: The Height of Land Wakohtowin Guardian Program – Treaty No.9
    Recipient: Wahkohtowin Development General Partnership Inc.
    Funding amount: $499,300
    Project description: This two-year initiative is designed to enhance traditional knowledge, practices, and way of life within the communities. Guardians will have first-hand experience in how ecosystem services and the conservation economy work.

    Project title: The Neya Waban Guardian Program – Caretakers of the Land
    Recipient: Algonquins of Pikwakanagan First Nation
    Funding amount: $349,650
    Project description: This two-year initiative will gather crucial information that will support decision-making, identify quality habitat areas for wildlife, and develop management plans and protocols. The Algonquins of Pikwakanagan First Nation will continue to conduct Algonquin knowledge-based data collection to further protect the lands, water, animals, and air for the eleven communities across Ontario and Quebec.

    Project title: Mnisinoog (Warriors for the Bay): Shawanaga First Nation’s Guardians Program
    Recipient: Shawanaga First Nation
    Funding amount: $350,000
    Project description: This two-year initiative focuses on improving aquatic life by using river monitors to sustain and protect the health of the river ecosystem. Aquatic stewardship takes precedence with creel surveys, wide-scale monitoring of waterbodies, and a detailed study on fish consumption.

    Project title: Caldwell First Nation Land Guardian Program
    Recipient: Caldwell First Nation
    Funding amount: $345,840
    Project description: This two-year initiative will focus on education, training, on-the-land learning with technical experts and knowledge holders, and listening sessions with the community. The Guardians will review class environmental assessments on behalf of Caldwell First Nation, monitor and participate in environmental projects in the Territory, and build multi-year capacity initiatives with emphasis on supporting the creation, development, and management of Indigenous Protected and Conserved Areas within traditional territory.

    Prince Edward Island

    Project title: Lennox Island First Nation Guardians Program
    Recipient: Lennox Island First Nation
    Funding amount: $346,800
    Project description: This two-year initiative will help better manage, protect, and utilize the marine resources the community relies on. It will allow the Lennox Island watershed conservation group to participate in coastal erosion studies, take part in fisheries workshops (lobster-handling practices), a Black Ash reforestation project, and the development of a modernized solid-waste management plan.

    Project title: Abegweit Guardians
    Recipient: Abegweit First Nation
    Funding amount: $350,000
    Project description: This two-year initiative embodies a cultural and traditional approach to natural resource management. The initiative also includes data collection and monitoring, and focusing on the use of lands, waters, and resources on traditional territories, including cultural sites.

    Quebec

    Project title: Gardiens du Ndakina
    Recipient: W8banaki
    Funding amount: $500,000
    Project description: This two-year initiative will support the sustainability of traditional practices of members of the Nation, protect their rights to access ancestral territory, and preserve cultural heritage. This initiative will create conservation spaces, share and transfer Indigenous Knowledge, mentor youth, engage with the community, and promote food sovereignty, as well as many other activities.

    Project title: Pushing Forth: Taking the Pessamit Land Guardians to the Next Level
    Recipient: Conseil des Innus de Pessamit
    Funding amount: $349,550
    Project description: This two-year initiative includes a team of six territorial agents, specializing in data collection, surveillance of the lands, and comprehensive inventories of biodiversity and ecosystem processes. The initiative will focus on monitoring and assessments, conducting an inventory of cultural sites, developing expertise in sampling, and community engagement and visibility.

    Project title: Gardiens de territoire Abitibiwinnik
    Recipient: Première Nation Abitibiwinni
    Funding amount: $195,931
    Project description: This two-year initiative will continue to train community members to conduct land surveillance and acquire new skills and knowledge from field work, utilizing both Indigenous Knowledge and western science. The initiative aims to document information acquired from Guardians’ activities, community members, and Elders.

    Project title: Cumulative Effects Assessment of Chisasibi’s Intertidal Zones: Integrating Science, Tradition, and Stewardship
    Recipient: Cree Nation of Chisasibi
    Funding amount: $348,468
    Project description: This two-year initiative will focus on integrating western science, Indigenous Knowledge, and stewardship to address key challenges in the Chisasibi community. The initiative will study the impact of development by reviewing existing research, mapping the community, analyzing vegetation, and collecting environmental samples. Additionally, it will build capacity through workshops and a mentorship initiative involving Kinwhapmaakins (Trapline Managers/Guardians). All data will be collected and combined into a detailed report on cumulative effects.

    Project title: Gardiens Atikamekw de Manawan
    Recipient: Conseil des Atikamekw de Manawan
    Funding amount: $350,000
    Project description: This two-year initiative will enhance the role of the Guardians in working with non-Indigenous land users and partners within the heart of the Nation and the community. This next phase focuses on being active on the land, collecting data, establishing an official community-recognized mandate, and increasing capacity and training, as well as strengthening the role of the Guardians within the community.

    Project title: Kitigan Zibi Anishinabeg Nagadjitòdjig Guardian Initiative
    Recipient: Kitigan Zibi Anishinabeg First Nation
    Funding amount: $594,020
    Project description: This two-year initiative will monitor and inventory cultural keystone species, wild foods, and trees. The Guardians will provide water quality studies, identify culturally significant sites, and record videos to document traditional practices and activities.

    Project title: Protection et participation à la mise en valeur de l’héritage Pekuakamiulnuatsh sur Nitassinan
    Recipient: Pekuakamiulnuatsh Takuhikan
    Funding amount: $49,995
    Project description: This one-year initiative aims to ensure the protection and preservation of the territory while maintaining the well-being of the Nation’s community members as they conduct their Nation’s traditional activities. The Guardians play a crucial role in supporting the Nation’s community, in land surveillance, and accompanying community members onto the Nation’s land.

    Project title: Essipiu Assinu Nakatuenitamu (celui qui prend soin du territoire d’Essipit)
    Recipient: Conseil de la Première Nation des Innus Essipit
    Funding amount: $246,308
    Project description: This two-year initiative supports responsible governance and occupation of the Nation’s territory, land surveillance, and participation in community events, as well as collaboration on a variety of projects that encourage learning and skill development for Guardians and community members.

    Project title: Nutshimiunnuat d’ITUM (gardiens du Nitassinan d’ITUM)
    Recipient: Innu Takuaikan Uashat mak Mani-Utenam
    Funding amount: $350,000
    Project description: This two-year initiative consists of monitoring, protecting, and carrying out stewardship activities in the traditional territory of the Nation. Its objective is to ensure surveillance on the land and protection of the Nation, as well as contribute to studies and inventories on the impacts of climate change and industrial development within the territory.

    Project title: Iakwatonhontsanónhnha (We All Mind Her, the Earth)
    Recipient: Mohawk Council of Kahnawà:ke
    Funding amount: $256,416
    Project description: This two-year initiative will develop an Environmental Charter for the community, helping to define roles and responsibilities of Conservation Officers. It will also consult on a Rights of Nature approach to protect the St. Lawrence River.

    Saskatchewan

    Project title: File Hills Qu’Appelle Guardian Initiative
    Recipient: File Hills Qu’Appelle Tribal Council
    Funding amount: $354,180
    Project description: This two-year initiative will monitor and document the health of waterways, including water quality, medicines, and the condition of riverbanks, focusing specifically on the Lower Qu’Appelle River and Chain of Lakes. It will also work to revitalize language and land stewardship practices.

    Project title: Monitoring and Protection of Athabasca Denesųłiné Nuhenéné in Saskatchewan
    Recipient: Ya’thi Néné Land and Resource Office
    Funding amount: $498,916
    Project description: This two-year initiative will monitor lands and waters in Nuhenéné including Indigenous Protected Areas, caribou harvest areas, mineral exploration, and extraction activities. Guided by Elders, a focus of the Ya’thi Néné Lands and Resources’ Guardians is to connect youth back to the land and build future leaders in sustainable management practices.

    Project title: The Birch Narrows Dene Nation Nuh Nene Strategic Plan
    Recipient: Birch Narrows Dene Nation
    Funding amount: $49,917
    Project description: This one-year initiative will monitor the land, combining ancestral wisdom with modern ecological approaches. Strategic partnerships with neighbouring First Nations and partners, such as Tamarack Environmental Associates, NexGen Energy Ltd., and Fission Uranium Corp. will amplify the impact of conservation efforts. Through training, mentorship, and community engagement, the initiative will help the Nuh Nene Department in its goal of safeguarding cultural identity and the natural environment.

    Project title: Pheasant Rump Nakota First Nation Community-Based Guardians Initiative
    Recipient: Pheasant Rump Nakota First Nation
    Funding amount: $350,000
    Project description: This two-year initiative aims to enhance capacity-building by training and employing youth to collect and analyze data about climate change and industrial impacts in the territory. Data will be used to draft a Land Use Management Plan to inform the Chief and Council’s decision-making on stewardship initiatives and habitat management to ensure sustainable sources of traditional food for the community.

    Project title: Muskowekwan First Nation Community-Based Guardians Initiative
    Recipient: Muskowekwan First Nation
    Funding amount: $350,000
    Project description: This two-year initiative aims to enhance capacity-building for community members to monitor and understand the impacts of climate change. This will provide youth with an opportunity to be trained in Indigenous Knowledge, western science, and climate and environmental monitoring practices, including Geographic Information Systems (GIS) and remote sensing, participatory mapping, and knowledge gathering.

    Yukon

    Project title: Teechik Land Guardians: Nanh gwiinzii vik’ite’tri’giikhii (We Read the Land Well)
    Recipient: Vuntut Gwitchin First Nation
    Funding amount: $349,333
    Project description: This two-year initiative will operate a network of camera traps to monitor predator–prey interactions on the Old Crow winter road and conduct baseline fish and water sampling at the headwaters of the Porcupine River. The Guardian Coordinator will be tasked with organizing patrols, analyzing monitoring data, and preparing communication material for community members and leaders. This capacity-building will strengthen monitoring efforts by enabling the initiative to process more samples, improve use of camera data, and allow Guardians to establish an annual trapping camp to expand into furbearer monitoring.

    MIL OSI Canada News

  • MIL-OSI: Qifu Technology Responds to Short Seller Report

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, Sept. 27, 2024 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today issues the following preliminary responses to the key claims made in a report (the “Report”) by Grizzly Research, a short seller, on September 26, 2024.

    The Company believes that the Report is without merit and contains inaccurate information, flawed analyses, misleading conclusions and interpretations regarding information relating to the Company. Specifically:

    The SAMR (SAIC) Financial Data Used in the Report is Completely Wrong.

    The Report makes material mistakes in referring to incorrect financial data (i.e. the combined revenues and net profits) from the filings with the State Administration for Market Regulation (“SAMR”), formerly known as the State Administration for Industry and Commerce (“SAIC”) submitted by the operating entities of the Company. In fact, as the Company’s SAMR filing records demonstrate, the Company’ s major operating entities in China collectively reported total revenues of RMB 17.0 billion in 2022 and RMB 16.0 billion in 2023, with corresponding net profits of RMB 5.2 billion and RMB 4.7 billion, respectively. These revenues and net profits were recorded under PRC GAAP.

    According to the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), for the years 2022 and 2023, under U.S. GAAP and on a consolidated basis, the Company recorded total revenues of RMB16.6 billion and RMB16.3 billion, respectively, and net profits of RMB4.0 billion and RMB4.3 billion, respectively. The differences in total revenues and net profits between the filings with the SAMR and those with the SEC are primarily attributable to differences in accounting treatments under PRC GAAP and U.S. GAAP, as well as the fact that the Company’s major operating entities in China reflected in the SAMR filings do not represent all of the Company’s subsidiaries and consolidated affiliated entities in China.

    The Company has consistently generated robust operating cash flow in recent years and delivered significant returns to shareholders through dividends and stock repurchases. As of the date of this press release, in 2024, the Company has spent more than US$300 million to repurchase its America Depositary Shares (ADSs) on the open market and distributed approximately US$180 million cash dividends to shareholders. The Company’s strong commitment to, and proven track record of, shareholder returns further underscore the baseless nature of the claims made in the Report.

    Rebuttal of Unsubstantiated Media Reports about the Company’s Regional Headquarters

    The Report cites certain media reports about the Company’s regional headquarters in Shanghai that are false and unsubstantiated. In fact, as disclosed in the Company’s filings with the SEC, in October 2020, the Company established a joint venture in Shanghai, together with one of 360 Group entities and an independent third party, to build its regional headquarters and an affiliated industrial park to support the future operations of the Company and 360 Group. The Company and the 360 Group entity held 40% and 30% of the equity interest in the joint venture, respectively. In December 2021, considering the Company’s significant business expansion in Shanghai, the Company acquired the entire 30% equity interest held by the 360 Group entity in the joint venture. Consequently, these facilities will enable the Company to consolidate all its Shanghai-based departments and employees, who are currently dispersed across different locations, into a single office space. The Company believes this will further reduce administrative costs and improve operational efficiency.

    Both the co-investment with the 360 Group in October 2020 and the acquisition of the equity interest in the joint venture from the 360 Group in December 2021 were negotiated and conducted at arm’s length and were approved by the board of directors and the audit committee of the Company.

    The Report also makes a false claim that the Company has acquired another piece of land in the Huangpu District of Shanghai. In fact, the Company did not acquire any land in the Huangpu District of Shanghai.

    Rebuttal of Unsubstantiated Financial Manipulation Claim and Relationship between Shanghai Qibutianxia and the Company

    The claim made in the Report that the Company uses Shanghai Qibutianxia Information Technology Co., Ltd.  (“Shanghai Qibutianxia,” formerly known as Beijing Qibutianxia Technology Co., Ltd.) to manipulate its financial statements is false and unsubstantiated.

    In fact, Shanghai Qibutianxia was the holding company for the Company’s operating entities in China prior to the Company’s reorganization in 2018 for financing and offshore listing on Nasdaq. In July 2016, as a spin-off from 360 Group, Shanghai Qibutianxia incorporated Shanghai Qiyu Information & Technology Co., Ltd. (“Shanghai Qiyu”), and thereafter, the Company started operating independently under Shanghai Qiyu.

    In April 2018, to facilitate the Company’s financing and offshore listing on Nasdaq, a holding company under the Company’s former name, 360 Finance, Inc. was incorporated in the Cayman Islands. As part of the reorganization, the Cayman holding company incorporated an indirectly wholly-owned subsidiary in China, namely Shanghai Qiyue Information & Technology Co., Ltd. (“Shanghai Qiyue”). Shanghai Qiyue entered into a series of “VIE” contractual arrangements with the Company’s three major operating entities in China and their shareholder Shanghai Qibutianxia. As a result, these major operating entities in China became the Company’s VIEs, and Shanghai Qibutianxia remained the nominal shareholder of these VIEs. The contractual arrangements enable the Company to exercise effective control over the Company’s VIEs; receive substantially all of the economic benefits and powers to exercise voting rights of the Company’s VIEs from Shanghai Qibutianxia, and have an exclusive option to purchase all or part of the equity interests in and assets of them when and to the extent permitted by PRC law.

    In addition, the Report erroneously claims that the Company utilized the back-to-back guarantee arrangement with Shanghai Qibutianxia to manipulate its financial statements. In fact, prior to 2023, certain financial institutions required the nominal shareholder of our operating entities (i.e., Shanghai Qibutianxia) to supplementally provide back-to-back guarantees for certain loans facilitated and guaranteed by the Company’s operating entities. Specifically, Shanghai Qibutianxia committed to cover any shortfall if the Company’s operating entities fail to meet its guaranteed repayment obligations to the banks on time. This back-to-back guarantee arrangement did not increase the Company’s risk exposures, nor did it transfer any interest to Shanghai Qibutianxia. As of the date of this press release, there is no outstanding balance under this arrangement.

    The Report erroneously states that Mr. Hongyi Zhou is the controlling shareholder of the Company. In fact, The Company does not have a controlling shareholder. According to the Company’s annual report on Form 20-F filed with the SEC on April 26, 2024, Mr. Hongyi Zhou beneficially owned approximately 13.8% of total ordinary shares of the Company as of February 29, 2024. Mr. Hongyi Zhou was the chairman of the board directors of the Company, but has not been involved day-to-day operations of the company. As announced by the Company on August 13, 2024, Mr. Hongyi Zhou has resigned as a director and the chairman of the board of directors of the Company.

    Rebuttal of Unsubstantiated Claim about Delinquency Rates and Provisions

    The claim made in the Report in relation to the Company’s delinquency rates and provision booking exhibits a fundamental misunderstanding of the Company’s financial practices and the relevant accounting standards. Specifically:

    • The Report inaccurately calculated the Company’s provision ratios by using the total reported provisions to calculate the provision ratio for each period.
    • The Report erroneously included provisions for contingent liabilities in the analysis of receivables provisioning.
    • The Report’s focus on a backward-looking 90 day+ delinquency rate is misplaced.
    • The Report’s claim that the Company’s reported profits are fabricated to account for the missing cash is completely false and unsubstantiated.

    Provision Ratios

    The Report inaccurately calculated the Company’s provision ratios by using the total reported provisions to calculate the provision ratio for each period, which is fundamentally incorrect. According to the accounting standards under U.S. GAAP, each reported provision item reflects the net result of new provisions booked for current period loans and the revision of provisions for existing loans. The Company maintains clear and distinct categories for provisions related to the Company’s loan products: (i) provision for loan receivable, relating solely to the Company’s on-balance sheet loans; (ii) provision for financial assets receivable, relating to the guarantee service fees; (iii) provision for accounts receivable and contract assets, relating to, relating to the loan facilitation service fees;; and (iv) provision for contingent liabilities, relating to the off-balance sheet loans for which the Company provides guarantee services.

    The following chart delineates the components of the Company’s reported provisions for 2022, 2023, and the first half of 2023 and 2024, demonstrating compliance with accounting standards:

    (RMB in millions) 2022   2023   First Half
    of 2023
      First Half
    of 2024
     
    New Provisions for Current Period New Loans 7,355   7,647   3,573   2,694  
    Revision of Previous Provisions (write-back) (771 ) (1,880 ) (936 ) (489 )
    Net Provisions 6,584   5,767   2,636   2,205  
    Provision for Loans Receivable 1,580   2,151   1,002   1,697  
    Provision for Financial Assets Receivable 398   386   151   169  
    Provision for Accounts Receivable and Contract Assets 238   176   45   235  
    Provision for Contingent Liabilities 4,368   3,054   1,438   103  
    New Provisions Booking Ratio                
    Provision Ratio for Loan Receivable1 2.9 % 2.9 % 2.8 % 3.4 %
    Provision Ratio for Contingent Liabilities2 4.1 % 4.0 % 3.7 % 4.1 %
                     

    __________________
    Notes:
    1. “Provision Ratio for Loan Receivable” refers to the total amount of new provisions for loan receivable for a specific period divided by the loan facilitation volume of on-balance sheet loans for that period.
    2. “Provision Ratio for Contingent Liabilities” refers to the total amount of new provisions for contingent liabilities for a specific period divided by capital-heavy loan facilitation volume for that period.

    Provisions for Contingent Liabilities

    In addition, the Report erroneously included provisions for contingent liabilities in the analysis of receivables provisioning. In fact, provisions for contingent liabilities pertain only to off-balance sheet loans that the Company guarantees. These provisions are entirely separate from receivables on the balance sheet and should not be conflated. In fact, the Company has consistently applied a prudent approach to managing business risks and financial provisions. The historical data listed above also showcases the Company’s commitment to maintaining appropriate provision ratios against the Company’s risk-bearing loans.

    Delinquency Rate

    The Report’s focus on a backward-looking 90 day+ delinquency rate1 is misplaced. The Company prioritizes leading risk indicators that provide a proactive view of credit risk, such as: (i) Day-1 delinquency rate2, which measures delinquency based on the day before the reporting period, offering a real-time risk assessment; and (ii) 30 day collection rate3, which tracks the efficiency of collections within a short timeframe, enabling timely interventions. These forward-looking metrics provide a more accurate and actionable assessment of credit risk compared to traditional delinquency rates. In fact, the Company’s D-1 delinquency rate and 30 day collection rate in the past two quarters both indicate the improving quality of the Company’s loan portfolios.

    Decreases in Cash

    The Report’s claim that the Company’s reported profits are fabricated to account for the missing cash is completely false and unsubstantiated. The Company’s cash and cash equivalent decreased from RMB10.5 billion as of December 31, 2022 to RMB 8.4 billion as of June 30, 2024 primarily because the growth in the Company’s on-balance sheet loans, cash dividends distributed to shareholders, and stock repurchase program. Specifically, the Company’s on-balance sheet loan balances increased from RMB19.5 billion as of December 31, 2022 to RMB32.1 billion as of June 30, 2024. In addition, from December 31, 2022 to June 30, 2024, the Company has distributed approximately RMB3.6 billion to shareholders through dividends and share buybacks, resulting in a reduction in cash and cash equivalent.

    Non-Risk-Bearing Loans are Irrelevant to Leverage Ratio

    The claim made in the Report that the Company’s is secretly overleveraged lacks factual basis and misunderstands the Company’s financial structure and risk management strategies. Specifically, the Report erroneously uses the total outstanding loan balances facilitated by the Company for calculating its leverage ratio. By definition, the leverage ratio is relevant only to risk-bearing assets, which include both on-balance sheet loans and capital-heavy loan facilitation. As disclosed in the Company’s filings with the SEC, the outstanding balances of the Company’s risk-bearing loans accounted for only 34.2% of the total outstanding loan balances facilitated by the Company as of June 30, 2024. As of the same date, the Company’s leverage ratio was 2.4, reaching a historical low. The company employs robust risk management frameworks to monitor and control leverage, ensuring sustainability and financial stability.

    Rebuttal of Unsubstantiated Claim About Loan Annual Interest Rates

    The claim made in the Report that the Company issues loans at rates that exceed legal limits is categorically false and misleading. For example, the Report falsely claimed that regulatory guidance in China stipulates that the interest rate for the Company’s businesses should not exceed four times the one-year Loan Prime Rate at the time of the establishment of an agreement (the “Quadruple LPR Limit”). In fact, the Chinese Supreme People’s Court issued a guidance in December 2020, stipulating that the Quadruple LPR Limit does not apply to disputes arising from engagement in relevant financial businesses of certain financial institutions, including micro-lending companies and financing guarantee companies, such as the Company’s operating entities. The Company operates in strict compliance with all regulatory requirements that governs loan annual interest rate limits.

    The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations. To protect the interests of the Company and its shareholders, the Company will vigorously defend itself against false and baseless claims made by short seller reports.

    The Company’s board of directors (the “Board”), including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the U.S. Securities and Exchange Commission, The Nasdaq Stock Market, and The Stock Exchange of Hong Kong Limited.

    About Qifu Technology

    Qifu Technology is a leading Credit-Tech platform in China that provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: https://ir.qifu.tech.

    Safe Harbor Statement

    Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the SEC, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please contact:

    Qifu Technology

    E-mail: ir@360shuke.com

    _____________________________________
    1 “90 day+ delinquency rate” refers to the outstanding principal balance of on- and off-balance sheet loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of on- and off-balance sheet loans across our platform as of a specific date. Loans that are charged-off and loans under “ICE” and other technology solutions are not included in the delinquency rate calculation.
    2Day-1 delinquency rate” is defined as (i) the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that was due for repayment as of such specified date.
    3 “30 day collection rate” is defined as (i) the amount of principal that was repaid in one month among the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that became overdue as of such specified date.

    The MIL Network

  • MIL-OSI: Falcon Oil & Gas Ltd. – Notice of Special Meeting of Shareholders and Management Information Circular

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd.
    (“Falcon”)

    Notice of Special Meeting of Shareholders and Management Information Circular

    27 September 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) will hold a special meeting of shareholders at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland on 29 October 2024 at 11:00 a.m. (Dublin time). A complete notice and related documents are now available on SEDAR+ at www.sedarplus.ca and Falcon’s website at www.falconoilandgas.com and are being sent to shareholders of record as at 19 September 2024.

    Falcon will conduct a Q&A via the Investor Meet Company platform later that day for those unable to attend the meeting in person, details will be announced in due course.

    Ends.

    For further information, please contact:

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Joint Broker)
    Neil McDonald / Adam Rae +44 131 220 9771
       
    Tennyson Securities (Joint Broker)  
    Peter Krens +44 20 7186 9033

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd. is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd. is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.

    For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network

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

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Invesco Ltd.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
       
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree
    Rightmove PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    26.09.2024  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”
    Yes, REA Group Ltd  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 0.1p ordinary GB00BGDT3G23  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 24,029,158 3.04      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 24,029,158 3.04      
       
    All interests and all short positions should be disclosed.

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

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

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

     
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    0.1p ordinary GB00BGDT3G23 Sale 174,906 6.74 GBP  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (b) Agreements, arrangements, or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 27.09.2024  
    Contact name Philippa Holmes  
    Telephone number +441491417447  
       

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

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

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

    The MIL Network

  • MIL-OSI Russia: Financial News: Loan Volume Increases as Collateral Values Rise: Pawnshop Market Trends in H1 2024

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    The loan portfolio has grown by 13% since the beginning of the year and amounted to 62.6 billion rubles. Demand for loans remains stable: in the first half of 2024, pawnshops concluded slightly more than 4 million contracts per quarter on average. The average loan amount increased by 8% compared to the previous period and exceeded 17 thousand rubles. This dynamic is due to the increase in the cost of collateral – mainly gold items.

    According to a survey conducted by the Bank of Russia, pawnshops identify three main factors that determine the demand for their services: the income level of the population, financial accessibility and the debt burden of the population.

    Read more in the article “Trends in the development of the pawnshop market”.

    Preview photo: LanKS / Shutterstock / Fotodom

    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://vvv.kbr.ru/press/event/?id=21037

    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 Russia: Financial news: Do we need stock exchange trading on weekends: Bank of Russia survey

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    In recent years, new trends have emerged on the Russian stock market. Brokers have begun to independently match client orders for the sale and purchase of securities without going to organized trades. The Bank of Russia is actively discussing with market participants the possibility of expanding the time limits of trading sessions on the exchange. However, this issue affects the interests of a wide range of both institutional and retail investors. The regulator intends to determine its position based on a comprehensive analysis of the problem.

    Preview photo: Quality Stock Arts / Shutterstock / Fotodom

    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://vvv.kbr.ru/press/event/?id=21035

    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 Banking: BaFin warns consumers about website arrowfortune.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about services offered on the website arrowfortune.com. According to information available to BaFin, the operator, Arrow Fortune Limited, is offering financial and investment services on this website without authorisation.

    On its website, Arrow Fortune Limited provides a business address in London, United Kingdom. The company also claims to be registered in St. Vincent and the Grenadines and that it is regulated by BaFin, among others. However, this is not the case.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI Banking: finacix.com: BaFin warns about website and suspected identity theft

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The website contains contradictory information on the identity of the provider. According to the “Risk Warning”, the website is operated by Finance and Investment Solutions Ltd., while the “Website Terms of Use” names Finacix Ltd. as operator.

    Finance and Investment Solutions Ltd. claims to be registered with the British Financial Conduct Authority (FCA). Since a company by this name is indeed registered with the FCA, BaFin suspects this to be a case of identity theft.

    Finacix Ltd., on the other hand, claims to be registered with the “Securities Commission of the United Kingdom (SCUK)”. There is no such authority in the United Kingdom. The website states an address in London, United Kingdom, as the company’s registered office.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI Banking: BaFin warns consumers about websites westhill-pros.net and kaiser-investrade.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The operator of the website westhill-pros.net refers to itself only as “Westhill Pros” without stating the company’s legal form and provides business addresses in Sydney, Australia, in Stockholm, Sweden, and in London, United Kingdom. Responsibility for the website kaiser-investrade.com is claimed by Kaiser Invest Trade, which likewise does not state the company’s legal form. The company claims to be domiciled in London, United Kingdom, without providing a specific business address.

    BaFin has recently become aware of a number of websites with almost identical content and has warned consumers about them. On all of the websites, the following sentence is displayed at the top of the homepage: “Step Into the Trading Arena with Confidence & [name of website]“.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI Global: Why some flowers are so pleasing for Hindu gods and goddesses

    Source: The Conversation – USA – By Robert J. Stephens, Principal Lecturer in Religion, Clemson University

    Hindu devotees offer flowers to gods and goddesses as part of worship rituals. Dinodia Photo/Corbis Documentary via Getty images

    In preparation for the many Hindu fall festivals such as Diwali, Dussehra or Durga Puja, worshipers all over the world will purchase flowers for use in ritual worship in temples, outdoor ceremonies or altars at home.

    Throughout India, markets are always bustling with flower vendors, selling freshly cut marigolds, roses and lotus flowers. Devotees offer flowers and flower garlands to Hindu deities such as Lakshmi, the goddess of wealth; Ganesha, the remover of obstacles; or the warrior goddess Durga.

    India’s wealthiest temple, Sri Venkateswara Temple at Tirumala, in southern India, used 3 tons of flowers during a floral bath and procession ceremony in 2024. The demand for flowers in worship is so high that two sisters from Bengaluru, Yeshodha and Rhea Karuturi, started a subscription-based service in 2019 to provide fresh flowers for puja or ritual worship throughout India.

    Flower decorations at the Sri Venkateswara Temple.

    Hindu texts describe worship with flowers as one of 16 “upacaras” or “services” to the divine. In temple rituals, “pujaris,” priests responsible for conveying the offerings to the deity, place flowers at the feet or drape them in garlands around the neck of the icon of the deity enshrined in the temple. Flowers are placed on a puja table at the feet of the image with the stems facing the devotee.

    As a scholar of South Asian religions, I know that stories found in the “Puranas,” religious texts likely composed between the second and 10th centuries, describe why gods and goddesses favor certain flowers. The Puranas, loosely translated as “Old Tales,” include popular stories about Hindu gods and goddesses, kings and queens, and sages and other cultural heroes.

    Pleasing the gods

    In her study of the use of Sanskrit ritual manuals in central India, the Indologist Gudrun Buhnemann noted that devotees, ancient and modern, observe elaborate rules for the use of flowers in the worship of particular deities.

    For example, the manuals say that basil is favored by the Hindu god Vishnu but should never be offered to the god Ganesha. Lord Shiva grants blessings to those who worship him through offering leaves from the wood apple tree. Wood apple leaves, however, should never be offered to Surya, the Sun.

    The “Skandha Purana” – the longest Purana with about 81,000 verses – is dedicated to the deity Skandha, a son of god Shiva and goddess Parvati. The text provides a gradation of flowers that culminates in the superiority of the jasmine or “jati” flower for the worship of Vishnu. “The jati flower is better than all other flowers … the man who duly offers me a splendid garland with a thousand jati flowers … lives in my heavenly city for billions of kalpas (ages),” Vishnu explains in the text.

    In her classic study “Offering Flowers, Feeding Skulls: Popular Goddess Worship in West Bengal,” religion scholar June McDaniel discusses traditional practices for the worship of Kali, the fearsome and protective mother goddess, who is to be decorated in red hibiscus flowers. Red flowers, in general, are believed to be sacred to Kali.

    The 14th chapter of the “Shiva Purana” contains a section on “Directions for the Worship of Shiva.” Those who desire wealth should worship Shiva with flowers or petals from the “kamala” or lotus flower, chrysanthemum, or marigold. Worshiping Shiva with 100 flowers is said to enhance one’s wealth and wipe away all sins.

    Flowers can at times displease the gods

    The Puranas also explain which flowers might displease the gods. Red flowers, such as plumeria, and those from the screw pine tree are not to be offered to the god Shiva. The Shiva Purana, in fact, explains why the “ketaki,” or screw pine flower, should never be offered to Shiva in worship.

    Once upon a time, as the story goes, gods Vishnu and Brahma were debating which of them was the superior deity when suddenly a shaft of blazing light appeared between them. They decided to investigate. Transforming himself into a boar, Vishnu tunneled down into the earth to search for the origin of the lingam of light. Riding on a goose, his divine vehicle, Brahma flew upward in an attempt to discover the extent of the light.

    After much digging, Vishnu indicated that he was unable to discover the light’s place of origin. While flying upward, however, Brahma encountered a ketaki flower that had fallen from a branch nearby. Brahma convinced the flower to support a false claim suggesting that he had reached the top of the shaft of light.

    Just at that moment, Shiva appeared from the light and cursed both Brahma and the ketaki flower for their dishonesty. Due to his arrogance and deception, Brahma would henceforth have few devotees. For its part, despite being aromatic and pleasing to the eye, the ketaki flower is cursed by Shiva never to be offered to him in ritual worship.

    However, Shiva later amends the curse to allow for the ketaki to be used for worshiping him during the popular festival called the “Great Night of Shiva” or Mahashivratri. Due to the increase in demand, there is a surge in the price of ketaki flowers during this annual spring festival.

    In one of the most popular Hindu texts, however, the flower offered is less important to the deity than the attitude of the devotee making the offering. In the “Bhagavad Gita” or “Song of the Lord,” the deity Krishna declares that he will accept any sincere devotional offering, regardless of the type of flower: “Whoever offers me a leaf, flower, fruit, or water with sincere devotion, I will accept them.”

    Lotus for Lakshmi

    An icon of Hindu goddess Lakshmi.
    MilenaKatzer/ iStock / Getty Images Plus

    During the coming fall holiday season, devotees around the world will honor many deities, including the mother goddess, with flowers and other rituals. Prominent among the deities will be Sri Lakshmi, the goddess of wealth and good fortune.

    Lakshmi is depicted as seated on a lotus throne, while also holding a lotus in one hand. The lotus flower grows in muddy ponds or pools but blossoms above the water. The lotus in bloom symbolizes many of the qualities associated with Sri Lakshmi, such as purity, prosperity and spiritual enlightenment.

    When devotees around the world lovingly welcome the goddess into their homes on Diwali, the festival of light, they will be sure to offer Lakshmi her favorite flower – the lotus.

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

    ref. Why some flowers are so pleasing for Hindu gods and goddesses – https://theconversation.com/why-some-flowers-are-so-pleasing-for-hindu-gods-and-goddesses-235153

    MIL OSI – Global Reports

  • MIL-OSI Global: Teachers feel most productive when they use AI for teaching strategies

    Source: The Conversation – USA – By Samantha Keppler, Assistant Professor of Technology and Operations, Stephen M. Ross School of Business, University of Michigan

    Saving time is not a given for teachers who rely on artificial intelligence. skynesher/E+ via Getty Images

    Teachers can use generative AI in a variety of ways. They may use it to develop lesson plans and quizzes. Or teachers may rely on a generative AI tool, such as ChatGPT, for insight on how to teach a concept more effectively.

    In our new research, only the teachers doing both of those things reported feeling that they were getting more done. They also told us that their teaching was more effective with AI.

    Over the course of the 2023-2024 school year, we followed 24 teachers at K-12 schools throughout the United States as they wrestled with whether and how to use generative AI for their work. We gave them a standard training session on generative AI in the fall of 2023. We then conducted multiple observations, interviews and surveys throughout the year.

    We found that teachers felt more productive and effective with generative AI when they turned to it for advice. The standard methods to teach to state standards that work for one student, or in one school year, might not work as well in another. Teachers may get stuck and need to try a different approach. Generative AI, it turns out, can be a source of ideas for those alternative approaches.

    While many focus on the productivity benefits of how generative AI can help teachers make quizzes or activities faster, our study points to something different. Teachers feel more productive and effective when their students are learning, and generative AI seems to help some teachers get new ideas about how to advance student learning.

    Why it matters

    K-12 teaching requires creativity, particularly when it comes to tasks such as lesson plans or how to integrate technology into the classroom. Teachers are under pressure to work quickly, however, because they have so many things to do, such as prepare teaching materials, meet with parents and grade students’ schoolwork. Teachers do not have enough time each day to do all of the work that they need to.

    We know that such pressure often makes creativity difficult. This can make teachers feel stuck. Some people, in particular AI experts, view generative AI as a solution to this problem; generative AI is always on call, it works quickly, and it never tires.

    However, this view assumes that teachers will know how to use generative AI effectively to get the solutions they are seeking. Our research reveals that for many teachers, the time it takes to get a satisfactory output from the technology – and revise it to fit their needs – is no shorter than the time it would take to create the materials from scratch on their own. This is why using generative AI to create materials is not enough to get more done.

    By understanding how teachers can effectively use generative AI for advice, schools can make more informed decisions about how to invest in AI for their teachers and how to support teachers in using these new tools. Further, this feeds back to the scientists creating AI tools, who can make better decisions about how to design these systems.

    What still isn’t known

    Many teachers face roadblocks that prevent them from seeing the benefits of generative AI tools such as ChatGPT. These benefits include being able to create better materials faster. The teachers we talked to, however, were all new users of the technology. Teachers who are more familiar with ways to prompt generative AI – we call them “power users” – might have other ways of interacting with the technology that we did not see. We also do not yet know exactly why some teachers move from being new users to proficient users but others do not.

    The Research Brief is a short take on interesting academic work.

    Some of the teachers involved with the initial case study were known to the authors before the start of the case.

    Some of the teachers involved with the initial case study were known to the authors before the start of the case.

    ref. Teachers feel most productive when they use AI for teaching strategies – https://theconversation.com/teachers-feel-most-productive-when-they-use-ai-for-teaching-strategies-236543

    MIL OSI – Global Reports

  • MIL-OSI Global: Autoworkers, Boeing machinists, cannabis drivers: Labor unions are mobilizing in new and old industries alike

    Source: The Conversation – USA – By Robert Forrant, Professor of U.S. History and Labor Studies, UMass Lowell

    Members and supporters of an International Association of Machinists and Aerospace Workers union district local convene in Seattle on July 17, 2024. Jason Redmond/AFP via Getty Images

    What do violinists, grocery store clerks, college dorm counselors, nurses, teachers, hotel housekeepers, dockworkers, TV writers, autoworkers, Amazon warehouse workers and Boeing workers have in common?

    In the past year or so, they’ve all gone on strike, tried to get co-workers to join a union, or threatened to walk off the job over an array of issues that include retirement plans, technology replacing workers and lagging wages as inflation increased.

    The array of Americans who are organizing unions extends to the tech, digital media and cannabis industries. Even climbing gym employees have formed a union.

    This is happening as U.S. workers in general are finding themselves in an increasingly precarious position. As a labor historian, I believe mobilization is the result of economic disruption caused by the relocation of jobs, the impact of new technologies on work and the erosion of income stability. It’s become very unlikely that today’s workers will have the same employer for decades, as my father and many men and women of his generation did.

    Greatest generation of jobs

    My father, a butcher, worked for the same company for 40 years and raised a family of seven on his union-secured wages and benefits. While back in the 1950s and 1960s many working-class Americans took that kind of job security for granted, it’s no longer the case. Some career coaches consider keeping a job for many years as a character flaw.

    The upsurge in labor organizing is in part a way for workers to gain some sort of say about what happens to their jobs. It’s also helping employees plan for the future.

    Union members are increasingly using strikes to demand higher wages, better benefits and increased job security. Why should it be, some low-income earners are asking, that in my family we must hold down two or three jobs to make ends meet, while CEO pay goes through the stratosphere?

    There were 33 major strikes involving nearly a half-million workers in 2023, the most since 2000. Many labor scholars attribute much of this uptick in organizing to several long-term trends. They include stagnating wages, high out-of-pocket health spending costs – even for those with insurance coverage – and growing concerns over job insecurity caused by the expanded use of labor-saving technology.

    Hundreds of Los Angeles County workers rally on Sept. 24, 2024, to show support for their union, SEIU, to hold a strike. Many held signs regarding alleged unfair labor practices, abbreviated to ULP.
    Genaro Molina/Los Angeles Times via Getty Images

    Precarious work

    In many industries, large numbers of the reliable jobs that paid enough for workers to be in the middle class have dwindled. That’s largely due to technological advances that replaced labor with automation and manufacturers moving to lower-income places, including Mexico, China and other foreign countries, as well as southern states such as Alabama and Tennessee. These trends have left behind a Rust Belt strewn with decaying buildings that once housed bustling factories and increasing numbers of what are sometimes called “precarious” jobs, which are poorly paid and lack sick leave, vacation time and other basic protections.

    This isn’t new.

    I’ve researched how New England’s textile industry fled cities such as Lowell, Massachusetts, as early as the 1920s for nonunion locations in South Carolina, while precision metalworking plants in Springfield, Massachusetts, sent work to Mississippi and South Carolina starting in the 1950s.

    But faced with mounting economic uncertainty, public support for unions is increasing. A 2024 Gallup Poll found that 70% of Americans approve of them – close to the 71% level seen in 2022, which was the highest approval rating that unions had gotten in half a century.

    Support is even rising among Americans who identify as Republicans, a political party that has historically frowned on organized labor: Gallup found it stood at 49% in 2024, down from 56% two years earlier but up from a low point of 26% in 2011.

    Hotel workers strike

    On Labor Day weekend in 2024, more than 10,000 hotel workers represented by the UNITE HERE union and employed by 24 hotels from Boston to the West Coast to Hawaii went on strike. Their labor actions disrupted travel plans during a busy time.

    Most hotel work stoppages lasted for three days and intended to pressure the companies that own hotels as part of a larger labor contract negotiation strategy. Later in September, workers kept walking off the job at other hotels to pressure management to improve pay, expand health insurance coverage, boost retirement benefits and agree to resolve important job security issues.

    Although the hotel industry has been booming since 2023, UNITE HERE contends that employment has decreased by nearly 40%, while wages have stagnated. On the picket line, workers have described living paycheck to paycheck and working one or two additional jobs to cover recent rent hikes.

    Hotel workers have more bargaining power today because, according to an industry study, 79% of the 450 hotels surveyed looking to hire people said they could not fill open jobs.

    That strike shows no sign of ending. Thousands more hotel workers were joining in by late September.

    Striking hotel workers make way for an airline crew while picketing outside of the Hilton Boston Park Plaza in Boston, Mass., on Sept. 2, 2024.
    Sophie Park/The Washington Post via Getty Images

    Boeing strike

    Unlike the hotel workers’ brief rolling work stoppages, the Boeing strike hasn’t let up since it began on Sept. 13, 2024. About 32,000 workers, mainly in Seattle, Washington, and Portland, Oregon, have walked off the job.

    Boeing workers declared the strike even though the International Association of Machinists District 751 leadership in Seattle wanted to accept a deal from Boeing’s management. But on Sept. 12, 94.6% of all rank-and-file workers rejected the tentative contract their leadership recommended the union accept.

    The Boeing strike started the next day; it could last a long time. On Sept. 25, the workers rejected what the company had called its “best and final offer” to settle the strike.

    This is the eighth time these workers have gone on strike since their union formed in the 1930s. Its two most recent strikes, in 2008 and 2005, lasted 57 days and 28 days, respectively. Boeing’s management, already reeling from the company’s numerous operational and safety problems, has announced several cost-cutting measures, including furloughs for some nonunion employees.

    Boeing’s nonunion backup plan

    Boeing has assured its shareholders and the public that the strike would not hinder production of the 787 Dreamliner jets at the company’s nonunion factory in South Carolina.

    International Association of Machinists union members have never forgiven Boeing for deciding to build that assembly plant. Operational since 2011, it now employs roughly 6,000 workers. Most of them would have been union members had Boeing built that plant or expanded production in Washington or Oregon, because the existing labor agreement would have covered the new workers.

    However, the agreement did not extend to South Carolina.

    At the time of the decision, a Boeing spokesperson said, its contract with the machinists’ union “acknowledges our right to locate work elsewhere, and that’s what we chose to do in this case because we just couldn’t get the terms from them that we needed.”

    Dockworkers could be next

    The timing of the hotel and Boeing strikes makes them perhaps more visible than they might have been because union members’ votes are coveted by both major parties in the 2024 presidential election.

    Meanwhile, 25,000 dockworkers who belong to the International Longshoremen’s Association are planning a possible shutdown of ports from Boston to Houston on Oct. 1, over the union’s concern for job loss due to automation.

    How job security issues are addressed following this wave of strikes could set the tone for what other hospitality, manufacturing and transportation unions seek when their contracts are up for negotiation again.

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

    ref. Autoworkers, Boeing machinists, cannabis drivers: Labor unions are mobilizing in new and old industries alike – https://theconversation.com/autoworkers-boeing-machinists-cannabis-drivers-labor-unions-are-mobilizing-in-new-and-old-industries-alike-239371

    MIL OSI – Global Reports

  • MIL-OSI Video: Fighting Together!

    Source: US Army (video statements)

    Check out the 2nd Infantry Division Soldiers at the Korea-International Combat Training Competition! Teams from the Republic of Korea, Cambodia, Australia, Uzbekistan, and the Philippines joined.

    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 #USARPAC #interoperability

    https://www.youtube.com/watch?v=z7e-ZsOFzls

    MIL OSI Video

  • MIL-OSI Video: Drill Sergeant of the Year 2024 | U.S. Army

    Source: US Army (video statements)

    : AEMO

    CONGRATULATIONS to ALL COMPETITORS! HOOOAH!

    About the U.S. Army:

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  • MIL-OSI Global: CubeSats, the tiniest of satellites, are changing the way we explore the solar system

    Source: The Conversation – USA – By Mustafa Aksoy, Assistant Professor of Electrical & Computer Engineering, University at Albany, State University of New York

    Most CubeSats weigh less than a bowling ball, and some are small enough to hold in your hand. But the impact these instruments are having on space exploration is gigantic. CubeSats – miniature, agile and cheap satellites – are revolutionizing how scientists study the cosmos.

    A standard-size CubeSat is tiny, about 4 pounds (roughly 2 kilograms). Some are larger, maybe four times the standard size, but others are no more than a pound.

    As a professor of electrical and computer engineering who works with new space technologies, I can tell you that CubeSats are a simpler and far less costly way to reach other worlds.

    Rather than carry many instruments with a vast array of purposes, these Lilliputian-size satellites typically focus on a single, specific scientific goal – whether discovering exoplanets or measuring the size of an asteroid. They are affordable throughout the space community, even to small startup, private companies and university laboratories.

    Tiny satellites, big advantages

    CubeSats’ advantages over larger satellites are significant. CubeSats are cheaper to develop and test. The savings of time and money means more frequent and diverse missions along with less risk. That alone increases the pace of discovery and space exploration.

    CubeSats don’t travel under their own power. Instead, they hitch a ride; they become part of the payload of a larger spacecraft. Stuffed into containers, they’re ejected into space by a spring mechanism attached to their dispensers. Once in space, they power on. CubeSats usually conclude their missions by burning up as they enter the atmosphere after their orbits slowly decay.

    Case in point: A team of students at Brown University built a CubeSat in under 18 months for less than US$10,000. The satellite, about the size of a loaf of bread and developed to study the growing problem of space debris, was deployed off a SpaceX rocket in May 2022.

    A CubeSat can go from whiteboard to space in less than a year.

    Smaller size, single purpose

    Sending a satellite into space is nothing new, of course. The Soviet Union launched Sputnik 1 into Earth orbit back in 1957. Today, about 10,000 active satellites are out there, and nearly all are engaged in communications, navigation, military defense, tech development or Earth studies. Only a few – less than 3% – are exploring space.

    That is now changing. Satellites large and small are rapidly becoming the backbone of space research. These spacecrafts can now travel long distances to study planets and stars, places where human explorations or robot landings are costly, risky or simply impossible with the current technology.

    But the cost of building and launching traditional satellites is considerable. NASA’s lunar reconnaissance orbiter, launched in 2009, is roughly the size of a minivan and cost close to $600 million. The Mars reconnaissance orbiter, with a wingspan the length of a school bus, cost more than $700 million. The European Space Agency’s solar orbiter, a 4,000-pound (1,800-kilogram) probe designed to study the Sun, cost $1.5 billion. And the Europa Clipper – the length of a basketball court and scheduled to launch in October 2024 to the Jupiter moon Europa – will ultimately cost $5 billion.

    These satellites, relatively large and stunningly complex, are vulnerable to potential failures, a not uncommon occurrence. In the blink of an eye, years of work and hundreds of millions of dollars could be lost in space.

    NASA scientists prep the ASTERIA spacecraft for its April 2017 launch.
    NASA/JPL-Caltech

    Exploring the Moon, Mars and the Milky Way

    Because they are so small, CubeSats can be released in large numbers in a single launch, further reducing costs. Deploying them in batches – known as constellations – means multiple devices can make observations of the same phenomena.

    For example, as part of the Artemis I mission in November 2022, NASA launched 10 CubeSats. The satellites are now trying to detect and map water on the Moon. These findings are crucial, not only for the upcoming Artemis missions but to the quest to sustain a permanent human presence on the lunar surface. The CubeSats cost $13 million.

    The MarCO CubeSats – two of them – accompanied NASA’s Insight lander to Mars in 2018. They served as a real-time communications relay back to Earth during Insight’s entry, descent and landing on the Martian surface. As a bonus, they captured pictures of the planet with wide-angle cameras. They cost about $20 million.

    CubeSats have also studied nearby stars and exoplanets, which are worlds outside the solar system. In 2017, NASA’s Jet Propulsion Laboratory deployed ASTERIA, a CubeSat that observed 55 Cancri e, also known as Janssen, an exoplanet eight times larger than Earth, orbiting a star 41 light years away from us. In reconfirming the existence of that faraway world, ASTERIA became the smallest space instrument ever to detect an exoplanet.

    Two more notable CubeSat space missions are on the way: HERA, scheduled to launch in October 2024, will deploy the European Space Agency’s first deep-space CubeSats to visit the Didymos asteroid system, which orbits between Mars and Jupiter in the asteroid belt.

    And the M-Argo satellite, with a launch planned for 2025, will study the shape, mass and surface minerals of a soon-to-be-named asteroid. The size of a suitcase, M-Argo will be the smallest CubeSat to perform its own independent mission in interplanetary space.

    The swift progress and substantial investments already made in CubeSat missions could help make humans a multiplanetary species. But that journey will be a long one – and depends on the next generation of scientists to develop this dream.

    Mustafa Aksoy works for the University at Albany, State University of New York (SUNY) and the Research Foundation for SUNY. He receives funding from the National Aeronautics and Space Administration (NASA), the National Science Foundation (NSF) and Oak Ridge Associated Universities (ORAU). He is a senior member of the Institute of Electrical and Electronics Engineers (IEEE).

    ref. CubeSats, the tiniest of satellites, are changing the way we explore the solar system – https://theconversation.com/cubesats-the-tiniest-of-satellites-are-changing-the-way-we-explore-the-solar-system-226701

    MIL OSI – Global Reports

  • MIL-OSI Africa: African Development Bank Group’s Sustainable Energy Fund for Africa approves €6 Million for Desert to Power – Burkina Faso Solar Project

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

    African Development Bank Group’s Sustainable Energy Fund for Africa approves €6 Million for Desert to Power – Burkina Faso Solar Project Burkina Faso is one of five priority countries under the Desert-to-Power initiative, which aims to generate 10 gigawatts of solar power across 11 Sahelian countries by 2030 ABIDJAN, Ivory Coast, September 27, 2024/APO Group/ — The African Development Bank Group (www.AfDB.org) has approved a €6 million concessional financing package from the Sustainable Energy Fund for Africa (SEFA), a special multi-donor fund managed by the Bank, to accelerate the completion of Burkina Faso’s Dédougou photovoltaic solar project in support of the Bank’s Desert-to-Power initiative (https://apo-opa.co/3XKXpwG). The project involves designing, constructing and operating an 18-megawatt solar power plant in Dédougou, located 250 kilometres west of the capital, Ouagadougou. Burkina Faso is one of five priority countries under the Desert-to-Power initiative, which aims to generate 10 gigawatts of solar power across 11 Sahelian countries by 2030, promoting socio-economic development. This project stands as one of the first independent power producers (IPPs) in Burkina Faso and has secured both senior and subordinated loans, along with a 25-year Power Purchase Agreement (PPA) with the Société Nationale d’électricité du Burkina Faso (SONABEL). However, the project encountered challenges in reaching financial close due to cost escalations resulting from the COVID-19 pandemic.  The SEFA Covid-19 IPP Relief Programme (SEFA Programme) played a pivotal role in overcoming these hurdles. Through concessional financing, SEFA helped restructure the financial arrangements to absorb the pandemic-related cost increases, ensuring the project’s viability and preserving the originally agreed structure with the Government of Burkina Faso, thereby contributing to the country’s energy security. Under the SEFA Programme, a €2.5 million senior concessional loan and a €3.5 million reimbursable grant have been provided through its concessional finance facility. SEFA’s involvement has been instrumental in unlocking additional financing from the Dutch entrepreneurial development bank, FMO (www.FMO.nl), including subordinated and senior loans. These funds will be disbursed to Dédougou Solaire SARL, the project company jointly developed by QAIR (www.Qair.Energy), which is responsible for managing the project. As part of the Desert-to-Power initiative, the project is expected to contribute to energy security, diversification of the energy mix, reduced electricity costs, and increased national electrification rates. “The Dédougou Solar PV project increases Burkina Faso’s renewable energy generation capacity in line with the objectives of the Desert-to-Power Initiative. By backing projects like this, we are making tangible strides toward electrifying the Sahel, bolstering energy security, and improving the lives of millions,” said Dr. Daniel SCHROTH, Director of the Renewable Energy and Energy Efficiency Department at the African Development Bank. “Abdoulaye Toure, CFO at Qair Africa, acknowledged SEFA’s support and the project’s advancement: “We are pleased with this approval by SEFA and thank the African Development Bank for their support of the project. This allows us to move forward with our commitment to supporting Burkina Faso’s energy goals by developing a second solar plant, just a year after the successful commissioning of Zano. This achievement aligns with the country’s ambitions for energy supply and reinforces Qair’s vision of becoming a leading player in Africa’s renewable energy sector in the coming years.” Distributed by APO Group on behalf of African Development Bank Group (AfDB). Contact: Communication and External Relations media@afdb.org About SEFA: SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. SEFA offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects and improve the risk-return profile of individual investments. The Fund’s overarching goal is to contribute to universal access to affordable, reliable, sustainable, and modern energy services for all in Africa, in line with the New Deal on Energy for Africa and Sustainable Development Goal 7. About Qair: Qair is an independent renewable energy company developing, financing, building, and operating solar, onshore and offshore wind, hydroelectric, tidal energy, waste-to-energy, battery storage and green hydrogen production. With 1.1 GW of capacity in operation, the group’s 640 employees are developing a portfolio pipeline of 30 GW in 20 countries across Europe, Latin America and Africa. Our ambition is to become an independent leader in responsible energy. In Africa, Qair’s portfolio of wind, PV and BESS assets includes 65 MW operational projects, 174 MW/262 MWh under construction or financing and a robust pipeline under development of 2GW+. With over 15 years of presence in Africa and teams established in Burkina Faso, Chad, Mauritius, Morocco, Seychelles, and Tunisia, Qair continually expands its geographical footprint across North, Central and West Africa and the Indian Ocean. Qair has already completed another 24MW solar PV project (Zano) in Burkina Faso, which was awarded under a public-private partnership (PPP) with GoBF along with a PPA with the National Electricity Company (SONABEL). About FMO: FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 50+ year proven track record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors with a high development impact: Agribusiness, Food & Water, Energy, and Financial Institutions. With a total committed portfolio of EUR ~13 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. About the African Development Bank Group: The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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  • MIL-OSI Translation: Government of Canada supports health sciences SMEs to create new health technologies

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French

    Press release

    Government of Canada invests in specialized program that will help 75 southern Ontario health sciences SMEs

    September 27, 2024 – Hamilton, Ontario

    Canada’s health sciences innovation sector continues to play a leading role in developing innovative ideas and products that will support a better, healthier future. The Government of Canada is providing businesses and organizations in this vital sector with the support they need to deliver effective health solutions for Canadians.

    Yesterday, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), attended the 14th edition of the LiONS LAIR presentation competition organized by Innovation Factory. More than 400 members of Hamilton’s life sciences ecosystem came together to celebrate innovation in the Hamilton-Halton region.

    At the event, Minister Tassi announced a Government of Canada investment of over $5 million to enable Innovation Factory, in collaboration with the Synapse Life Sciences Consortium, to support the continued delivery of the Southern Ontario Pharmaceutical and Health Innovation Ecosystem (SOPHIE) program, the period for receiving applications launched yesterday. The program will help up to 75 southern Ontario SMEs commercialize their products and scale their operations. Participating companies will have access to mentoring and advisory services, seed funding and new partnerships. This critical work will help accelerate their product development and anchor health sciences companies in southern Ontario.

    This project aligns with the Government of Canada’s priority to support new growth opportunities in this important sector. Innovators and organizations that create health care technologies help protect the health of Canadians, while strengthening Canada’s health sciences sector and creating new job opportunities in Canada.

    Quotes

    “Innovation Factory is undertaking important work that will support the expansion and development of 75 SMEs, while helping to anchor health sciences companies here in Canada. Today’s investment demonstrates the Government of Canada’s commitment to supporting health sciences innovators and ensuring a healthier future for Canadians.” – The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario

    “The renewal of funding for Innovation Factory’s SOPHIE program is a testament to the remarkable impact it has had on Ontario’s health sciences sector over the past several years. This continued support from the Government of Canada allows us to build on that success, fostering innovation, job creation and the global competitiveness of the health sciences industry. We look forward to seeing SOPHIE continue to transform the landscape for health sciences entrepreneurs and strengthen Ontario’s position as a hub for health innovation.” – David Carter, President and CEO, Innovation Factory

    Quick Facts

    Innovation Factory is a non-profit business accelerator that has been acting as a catalyst for technological innovation in the Brant, Halton, Hamilton and Norfolk regions since 2010.

    Innovation Factory provides business services, training, mentoring and strategic relationships to drive market adoption, leverage intellectual property and increase revenue, investment and jobs. Innovators can also access sector-specific resources, including smart transportation data and testing environments, as well as a formal health and health sciences innovation ecosystem.

    FedDev Ontario previously provided an investment of $7 million to Innovation Factory to implement the first call for applications for the SOPHIE program. To date, through SOPHIE, 166 innovative Ontario health sciences start-ups and scale-up companies in the health, medical device and pharmaceutical sectors have received support to develop and commercialize new products and services.

    Applications for the SOPHIE program are currently being accepted. Additional details regarding the program and the application process are available on the SOPHIE website.Innovation Factory

    Since 2015, the Government of Canada, through FedDev Ontario, has invested more than $237 million in 58 projects in the life sciences sector, supporting more than 7,700 jobs.

    Related links

    Contact persons

    Edward HutchinsonPress SecretaryOffice of the Minister responsible for the Federal Economic Development Agency for Southern OntarioEdward.hutchinson@feddevontario.gc.ca

    FedDev Ontario Media Relationsmedia@feddevontario.gc.ca

    Stay connected:

    FedDev-Ontario.Canada.ca

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    Subscribe to the FedDev Ontario newsletter, Southern Ontario Economic News, which features news and updates on economic development in the region.

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

    MIL Translation OSI

  • MIL-OSI Translation: Indigenous Guardian Projects 2024-2025

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French 2

    Today, Jaimee Gaunce, Executive Director of the First Nations National Guardians Network (FNGN), joined the Honourable Steven Guilbeault, Minister of Environment and Climate Change, the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario, and Marcus Powlowski, Member of Parliament for Thunder Bay–Rainy River, to announce an investment of up to $27.6 million to support 80 First Nations Guardians initiatives.

    Alberta

    Project Title: Mikisew Cree First Nation Guardians ProgramRecipient: Mikisew Cree First Nation – Government and Industry RelationsFunding Amount: $350,000Project Description: This ongoing, two-year initiative will study how oil sands development, specifically bitumen extraction and hydroelectric projects, is affecting the health of the Peace-Athabasca Delta, the heart of the Mikisew’s traditional territory. Guardians work throughout the year to monitor water quality, collect data, detect flooding and monitor fish populations.

    Project Title: Ni Ho Ghe Di – Athabasca Chipewyan First Nation Guardians ProgramRecipient: Dene Land and Resource ManagementFunding Amount: $350,000Project Description: This two-year initiative will monitor and report activities that may harm the ecology, traditional lands or traditional resources of the Athabasca Chipewyan First Nation, such as poaching and illegal hunting on traditional territory, particularly to protect the Ronald Lake bison. The initiative will also help youth build cultural pride and connection to the land, as well as develop on-the-land skills.

    Project Title: Guardians of the Land – Dene Tha’ First NationRecipient: Dene Tha’ First NationFunding Amount: $350,000Project Description: This two-year initiative will include activities such as ecological restoration, support for resource management plans, and compliance with laws and regulations. Guardians will contribute to the protection and recovery of species at risk, manage land use in the proposed M’behcholia Indigenous Protected and Conserved Area (Bistcho Lake, Alberta), and provide environmental and wildlife monitoring.

    Project Title: Alexis Nakota Sioux Nation Guardians InitiativeRecipient: Alexis Nakota Sioux NationFunding Amount: $346,400Project Description: This two-year initiative will include conducting and analyzing aerial surveys, creating a Geographic Information System (GIS) data management and visualization system using RStudio and ArcPY, and continuing to develop the Stoney Lands and Waters course.

    British Columbia

    Project Title: Kitasoo Xai’xais Nation Guardian Program EnhancementRecipient: Kitasoo Xai’xais NationFunding Amount: $604,925Project Description: This two-year initiative will focus on marine and terrestrial surveys, as well as compliance and enforcement practices that include education, observation and reporting. In addition, guardians participate in Coastal First Nations Coast Guard Auxiliary activities and receive training on emergency response to search and rescue and oil spills.

    Project Title: Coastal Stewardship NetworkRecipient: Great Bear Initiative SocietyFunding Amount: $499,785Project Description: This two-year initiative provides programming to the eight member nations of the Great Bear Initiative of Coastal First Nations, who work directly with communities to support Guardians along the North and Central Coast and Haida Gwaii to monitor resource use and ecosystem health, provide training and professional development opportunities, raise awareness, and foster coastal stewardship.

    Project Title: Songhees Nation Guardians ProgramRecipient: Songhees NationFunding Amount: $50,000Project Description: This one-year initiative continues work already begun with community members, band council and outside organizations to provide monitoring services, promote community stewardship and restore habitat areas. This initiative helps strengthen Indigenous presence on the water during fishing seasons as it is essential to establishing greater authority over fisheries and coastal resources on the land.

    Project Title: Lower Nicola Indian Band – Indigenous Guardians Program – Tier 1Recipient: Lower Nicola Indian BandFunding Amount: $49,450Project Description: This one-year initiative aims to build capacity, skills and knowledge to implement a new Guardians Program in the community. This program will include mapping and indexing areas of the territory, consulting with Elders and Knowledge Keepers, community engagement, developing a plan and working with Chief and Council to ensure alignment of the vision and strategic plan.

    Project Title: Mamalilikulla First Nation Guardian ProgramRecipient: Mamalilikulla First NationFunding Amount: $350,000Project Description: This two-year initiative includes ongoing activities where guardians will spend time in the field collecting data, monitoring cultural sites, managing grizzly bear populations, planting crabapple trees to feed the bears, and improving fisheries. This work will help Chief and Council make informed decisions.

    Project Title: Wet’suwet’en First Nation Guardians Initiative: A Holistic ApproachRecipient: Wet’suwet’en First NationFunding Amount: $75,745Project Description: This one-year initiative will monitor and collect data on moose populations and mortality rates, assess wildlife habitat, install camera traps, and assess riparian areas. It will also explore the possibility of launching a water monitoring program in identified priority areas. These efforts will help the community observe and document activities or cumulative effects that impact their ability to practice their traditional way of life.

    Project Title: Indigenous Guardians Proposal for Saulteau First NationsRecipient: Saulteau First NationsFunding Amount: $350,000Project Description: This two-year initiative will support the community in taking the lead in monitoring, protecting and restoring lands and waters, which is essential to the health and well-being of the community. Activities include supporting healthy food harvesting, cultural activities, protecting Klinse-za Park, monitoring climate change and understanding how events such as wildfires affect the community, changes in weather patterns, and changes in animal movements and water availability.

    Project Title: Saik’uz Guardians ProgramRecipient: Saik’uz First NationFunding Amount: $350,000Project Description: This two-year initiative will build on the long-term monitoring efforts of the Saik’uz Guardians community-based initiative. Guardians will be guided by the wisdom of Indigenous knowledge and Western science, with the goal of empowering the Nation with respect to the water and land of the territory.

    Project Title: P’egp’ig’lha GuardiansRecipient: P’egp’ig’lha Council/T’it’q’et First NationFunding Amount: $350,000Project Description: This two-year initiative will conduct land patrols to monitor the health of the land and study wildlife and fisheries. Guardians play a vital role in protecting and restoring the Stein-Nahatlatch grizzly bear population, supporting wildfire recovery efforts, and strengthening collaboration with other guardian programs in the area.

    Project Title: Pauquachin First Nation Marine Department – Stewardship InitiativeRecipient: Pauquachin First NationFunding Amount: $350,000Project Description: This two-year initiative will monitor one of British Columbia’s busiest and most heavily used waterways. Guardians monitor culturally sensitive archaeological sites, harvest areas, recreational and commercial fisheries use, environmental threats (pollution sources, marine waste disposal, illegal activities and poaching), and conduct restoration work in designated areas of significance. This initiative represents the interests, concerns and goals of the community to ensure that waterways, foods, historic sites and cultural practices are sustained for generations to come.

    Project Title: Takla Nation Guardians Initiative – Tier 2Recipient: Takla NationFunding Amount: $499,959Project Description: This ongoing initiative is monitoring over 30 sites on Takla lands and waters. This work is critical to the Takla’s ability to implement environmental and cultural protections, including ensuring that archaeological impact assessments conducted by various developers and government agencies are consistent with the Takla Archaeology Policy. It also builds capacity to monitor caribou and moose populations and supports the Guardians program by encouraging youth engagement in the community.

    Project Title: Tsilhqot’in Guardians NetworkRecipient: Tsilhqot’in National GovernmentFunding Amount: $500,000Project Description: This two-year initiative, led by the Tsilhqot’in National Government in collaboration with six Tsilhqot’in communities – Xeni Gwet’in, Tlesqox, Tletinqox, Tsi Del Del, ?Esdilagh and Yunesit’in – aims to integrate and strengthen Tsilhqot’in values into the management of lands and waters in the region. In partnership with provincial and federal land and water management agencies, the Guardians will conduct hunting, fishing and fire prevention patrols, as well as wildlife and water monitoring research to ensure sustainable management of Tsilhqot’in territories.

    Project Title: Quatsino Axsilaxa Ahwheatnagwusn Guardians ProgramRecipient: Quatsino First NationFunding Amount: $342,765Project Description: This two-year initiative will support the implementation of the Quatsino Land Use and Marine Resource Use Plan. This will be done through field work such as data collection and monitoring. These efforts will be critical to ecosystem restoration and food security through local harvesting of traditional foods.

    Project Title: Nłeʔképmx GuardiansRecipient: Citxw Nlaka’pamux AssemblyFunding Amount: $350,000Project Description: This two-year initiative will continue to build on-the-ground presence and awareness of Nłeʔképmx territory, protocols and cultural practices. Guardians will monitor and record activities on the land, focusing on priority areas identified by the Citxw Nlaka’pamux Assembly. These priority areas include hunting, fishing, gathering and other culturally significant areas. Nłeʔképmx Guardians will record, monitor and manage invasive species and contribute to research on species at risk on the territory.

    Project Title: Supporting and Maintaining a Strong and Effective Heiltsuk Guardian ProgramRecipient: Heiltsuk Integrated Resource Management Department of the Heiltsuk Tribal CouncilFunding Amount: $349,499Project Description: This two-year initiative will focus on building capacity, monitoring local aquatic ecosystems and community fisheries for safe operations, and supporting and restoring the vital relationship between people and the land.

    Project Title: Haa Aaní Tulatín – Taku River Tlingit First Nation Land Guardians ProgramRecipient: Taku River Tlingit First NationFunding Amount: $349,600Project Description: This two-year initiative will address threats to the land and monitor salmon populations. The guardians will work to strengthen salmon stewardship by hosting multi-day camps that focus on traditional fishing, intergenerational knowledge transfer, and land monitoring.

    Project Title: Spuzzum First Nation Land Guardians InitiativeRecipient: Spuzzum Indian BandFunding Amount: $50,020Project Description: This one-year initiative will focus on protecting important ecosystems by monitoring key territorial and cultural sites, collecting ecological data, and saving endangered species such as the Northern Spotted Owl. The guardians will also contribute to the development of a stewardship policy framework.

    Project Title: Kwadacha First Nation Guardians Project – Level 2Recipient: Kwadacha First NationFunding Amount: $348,734Project Description: This two-year initiative will provide long-term ecological and cultural monitoring to track changes in key wildlife habitats, traditional food sources and water sources. This will provide an opportunity to discuss how potential changes may impact Dene roles and responsibilities on the land.

    Project Title: Doig River First Nation Guardians ProgramRecipient: Doig River First NationFunding Amount: $349,188Project Description: This two-year initiative will focus on improving land and water monitoring by combining cultural methods and western science. Doig River First Nation Guardians will continue to monitor the health of the land, guided by their members, and will work collaboratively with government to address any impacts.

    Project Title: Nahnéhé Gegenı́hı/Kakinawetakwow Uski/Fort Nelson First Nation Land Guardians InitiativeRecipient: Fort Nelson First NationFunding Amount: $375,000Project Description: This two-year initiative supports stewardship, land management and cultural activities on Fort Nelson First Nation territory. The initiative is informed by Western scientific monitoring and research, while drawing on Indigenous ways of knowing and understanding the health and condition of lands and waters.

    Project Title: Scianew Guardians InitiativeRecipient: Beecher Bay First NationFunding Amount: $348,614Project Description: This two-year initiative will focus on environmental conservation and monitoring, guardian training, impact assessments, territorial sovereignty and maritime safety. This will be accomplished through partnerships with neighbouring nations, the Western Canada Marine Response Corporation (WCMRC) and Kotug Canada.

    Project Title: Upper Similkameen Indian Band Land Guardians ProgramRecipient: Upper Similkameen Indian BandFunding Amount: $391,894Project Description: This two-year initiative aims to address critical environmental challenges while deeply integrating Indigenous knowledge, community engagement and sustainable practices. The Guardians initiative focuses on land conservation, sustainable resource management and building ecosystem resilience.

    Project Title: Boothroyd Guardians Program ImplementationRecipient: Boothroyd Indian BandFunding Amount: $50,000Project Description: This one-year initiative will monitor environmental indicators on the land and support restoration work in areas damaged by wildfires and subsequent erosion. Boothroyd Guardians will work with land user groups to improve understanding and respect for the environment.

    Project Title: TTQ Guardian Program Initiation ProjectRecipient: TTQ Economic Development CorporationFunding Amount: $62,533Project Description: This one-year initiative will collect and interpret previously recorded Xa’xtsa cultural knowledge data, map priority areas, and develop a monitoring plan. The goal is to observe changes in the supply of traditional herbs and plants, the frequency and impact of foraging on the territory, the vitality of salmon spawning, changes in unauthorized camping, and invasive plant and animal species.

    Project Title: Wildfire Recovery MonitoringRecipient: Okanagan Indian BandFunding Amount: $350,000Project Description: This two-year initiative will assess the condition of the White Rock Lake watershed before and after the wildfires on behalf of the Okanagan Indian Band. Guardians will conduct site assessments, inventory significant cultural resources, monitor wildlife, and assess the severity of fire damage to guide restoration efforts.

    Project Title: Nanwakolas – Stewardship through Indigenous Scientific KnowledgeRecipient: Nanwakolas Council CorporationFunding Amount: $500,000Project Description: This two-year initiative will apply Kwakwaka’wakw values and Indigenous scientific knowledge to a variety of projects including loxiwe (clam garden) restoration, canoe carving, seasonal Guardian Gathering events, and data collection on water, wildlife monitoring, climate change studies, and emergency response planning.

    Project Title: Continuing Implementation of the Skwxwú7mesh Úxwumixw (Squamish Nation) Guardian Program InitiativeRecipient: Squamish Nation – Squamish Indian Band 555Funding Amount: $349,505Project Description: This two-year initiative will provide stewardship activities, respond to climate events and emergencies, and enhance public safety. Guardians will continue to be present on the land and learn from Elders, Knowledge Keepers and youth; and collaborate with other Nations to share information and build capacity across the national Guardian network.

    Project Title: Guardians of the St’át’imc LandRecipient: St’at’imc Government ServicesFunding Amount: $425,180Project Description: This two-year initiative will focus on implementing the St’át’imc Water Agreement. It includes collecting baseline data on three intact watersheds and three impacted watersheds to assess water quality. Other activities include capacity building and examining stories and legends through workshops and research in collaboration with the Indigenous Law Research Unit.

    Project Title: Nak’azdli Whut’en Yinka Huwunline (Caring) Guardian ProgramRecipient: Nak’azdli Whut’enFunding Amount: $349,942Project Description: This two-year initiative will develop geospatial mapping technology for Guardians to use in their monitoring activities. This will create open portals for communication while protecting internal data and cultural information. The project will use remote sensing technology to create “living maps” that will track seasonal phenology, quantify impacts, and provide informed stewardship engagements with industry, government, consultants, and academia.

    Project Title: Yintah Guardians of Lake Babine NationRecipient: Lake Babine NationFunding Amount: $350,000Project Description: This two-year initiative will lead the collaborative management of the Yintahs of Lake Babine Nation territory and resources of two key cultural species, talok (sockeye) and khida (moose), to restore moose populations to culturally significant levels, and support fish monitoring, habitat restoration and cooperative management.

    Manitoba

    Project Title: Seal River Watershed Alliance Land Guardian NetworkRecipient: Seal River Watershed AllianceFunding Amount: $500,000Project Description: This two-year initiative will hire 14 youth and Elders as Land Guardians across the four Alliance Nations. This initiative builds technical capacity and manages species and habitat identification, monitoring, protection, and watershed stewardship.

    Project Title: Askiy Okanawaynichikaywuk – Guardians of the LandRecipient: York Factory First Nation Funding Amount: $349,860Project Description: This two-year initiative will maintain trails, monitor cultural and historical sites, observe changes in the land, and support respectful land use. Guardians will provide a visible presence, conduct community outreach, participate in on-the-ground activities, and help guide Council decisions on land use, stewardship, and protection.

    Project Title: Pimachiowin Aki First Nations Guardians NetworkRecipient: Pimachiowin Aki CorporationFunding Amount: $499,615Project Description: This two-year initiative will focus on monitoring the seasonal walleye fishery, all-season road design, wildfire management, and climate change adaptation and mitigation. Guardians provide a professional presence and expertise in Pimachiowin Aki, expressing their belonging to the Anishinaabe Nation, filling gaps in the provincial information management system and patrols, and conducting year-round monitoring activities.

    Project Title: SCOB Regional First Nations Guardians NetworkRecipient: Southern Chiefs’ Organization Inc.Funding Amount: $500,000Project Description: This two-year initiative will focus on strengthening Indigenous jurisdiction over their traditional lands, developing capacity, training and skills in environmental monitoring and management, and promoting cooperation and collaboration among communities on natural resource stewardship and management issues.

    Project Title: Swan Lake First Nation Indigenous Guardians Land, Water and Nature Stewardship InitiativeRecipient: Swan Lake First NationFunding Amount: $349,285Project Description: This two-year initiative, in collaboration with Agriculture and Agri-Food Canada, will continue to assess and reseed revegetation terraces if necessary, monitor water quality from the tile drainage structure, and monitor animal and pollinator populations. The data collected will help understand the success of this project in reducing nutrient pollution and improving ecosystems.

    New Brunswick

    Project Title: Amlamgog Earth GuardiansRecipient: Fort Folly First NationFunding Amount: $321,411Project Description: This two-year initiative will expand and enhance an existing salmon recovery initiative. This initiative will focus on monitoring flora and fauna, in accordance with the traditional guiding principle of “Etuaptmumk” (two-eyed vision).

    Project Title: Wotstak First Nation Guardians Initiative – Tier 1Recipient: Woodstock First NationFunding Amount: $50,000Project Description: This one-year initiative will collect data and monitor the ecosystem, drawing on the knowledge of Woodstock First Nation’s Indigenous traditions of conservation, with the goal of developing a land use plan.

    Project Title: Elugweieg Toqwe’gig ugjit Ugs’tqamu aq ugjit Sapo’nug (We work together for the land and for tomorrow)Recipient: Esgenoôpetitj Watershed AssociationFunding Amount: $349,923Project Description: This two-year initiative will expand monitoring and governance of the Esgenoôpetitj aquatic environment, led by Esgenoôpetitj First Nation Fishery Guardians, in collaboration with Fisheries and Oceans Canada enforcement staff, as part of the management, conservation and protection of fisheries in areas most frequented by the community.

    Newfoundland and Labrador

    Project Title: Innu Nation Guardians ProgramRecipient: Innu Nation – Environment and Parks OfficesFunding Amount: $700,000Project Description: This two-year initiative will integrate the Innu (Natuashish) communities of Sheshatshiu and Mushuau Innu through environmental stewardship and cultural preservation. The initiative will focus on five objectives: the creation of additional guardian positions, technical and safety training, the organization of youth workshops on knowledge transfer, the purchase of necessary equipment, and the development of cultural initiatives to maintain and promote Innu traditions and ecological knowledge.

    Nova Scotia

    Project Title: Reconnecting Our People with the LandBeneficiary: Eskasoni Fish

    Project Title: Nova Scotia Land Guardians Network/Nuji kelo’toqatijikRecipient: Unama’ki Institute of the Natural Resources SocietyFunding Amount: $500,000Project Description: This two-year initiative involves collecting and sharing Indigenous knowledge, promoting Netukulimk hunting practices, monitoring and data collection including designating areas suitable for cultural activities, harvesting medicinal plants, monitoring species at risk, and education and awareness of culturally significant species.

    Northwest Territories

    Project Title: Ni hat’ni Dene (“Keepers of the Land”)Recipient: Lutsel K’e Dene First NationFunding Amount: $349,600Project Description: This two-year initiative is part of a long-term mandate to promote Thaidene Nene stewardship, working full-time as guardians of the land, water and animals, and as ambassadors of the Dene way of life, and welcoming visitors. Initiatives include protecting Bathurst caribou, sharing cultural knowledge with youth, and protecting food security.

    Project Title: Deninu Kue First Nation GuardiansRecipient: Deninu Kue First NationFunding Amount: $333,055Project Description: This two-year initiative will monitor the land and waters. Guardians will patrol the territory to ensure it remains clean and will conduct water quality sampling and fish cleanliness monitoring.

    Project Title: Łı́ı́dlı̨́ı̨́ Kų́ę́ First Nation Guardians and Climate Change Monitoring ProjectRecipient: Łı́ı́dlı̨́ı̨́ Kų́ę́ First NationFunding Amount: $349,961Project Description: This two-year initiative aims to monitor the impacts of climate change on the environment in the Dehcho region of the Northwest Territories. The initiative will include monitoring a variety of indicators such as permafrost thaw, streambank subsidence/erosion, and species population shifts. Guardians will receive specialized training in monitoring erosion and permafrost conditions, observing thaw patterns, and assessing thaw depth. This data collection is essential to assess the evolution of the landscape.

    Project Title: Sahtu K’aowe Guardians Project for Tsá Tué Biosphere ReserveRecipient: Délįnę Got’įnę GovernmentFunding Amount: $350,000Project Description: This two-year initiative supports monitoring of Great Bear Lake and its watershed using the “Two-Eyed Seeing Approach” (uniting Western science and Indigenous knowledge) to ensure biodiversity conservation, ecological integrity, climate change adaptation, local wildlife subsistence, food security, and the continuity and revitalization of cultural practices.

    Ontario

    Project Title: Environmental Stewardship of Air Quality Issues for Aamjiwnaang First NationRecipient: Aamjiwnaang First NationFunding Amount: $48,732Project Description: This one-year initiative will monitor the air, water and lands surrounding Aamjiwnaang First Nation that have been impacted by industrial development. Guardians will identify environmental monitoring gaps (soil, water, air, fish, plants and endangered species), develop data collection plans, and improve emergency notifications and community responses to oil refineries, chemical plants and other industrial facilities located near Aamjiwnaang First Nation.

    Project Title: Temagami First Nation GuardiansRecipient: Temagami First NationFunding Amount: $451,000Project Description: This two-year initiative focuses on water quality, species and habitat protection, preserving Indigenous wisdom, data collection and monitoring. Guardians will participate in tracking, recording and reporting activities related to land use and environmental protection. Special attention will be paid to Lake Temagami, including monitoring ice fishing huts, houseboats, shorelines and more.

    Project Title: Atikameksheng Anishnawbek – Phase 2 – Monitoring the Atikameksheng Traditional TerritoryRecipient: Atikameksheng AnishnawbekFunding Amount: $347,263Project Description: This two-year initiative will collect maple sap during the sugar moon and harvest other food items, which will be distributed to Elders and the Nations Food Bank. Guardians will monitor the land, conduct field inspections for proposed logging operations to ensure that Grandmother Trees are protected, and complete daily field worksheets and site inspections that will provide important environmental information on spills, violations, and logging operations.

    Project Title: Anishinabek Traditional Ecological Guardians of Georgian BayRecipient: Magnetawan First NationFunding Amount: $500,000Project Description: This two-year initiative supports on-the-ground learning, knowledge transfer and technical skills training on species at risk, species monitoring, data collection and other land management activities using the “Two-Eyed Seeing Approach”. The initiative will also help build sustainable management capacity in other First Nations groups.

    Project Title: Charting the Path Ahead – Anishinaabe Aki Shkabewisag (Niiwin Wendaanimok Anishinaabe Guardians Network)Recipient: Niiwin Wendaanimok Limited PartnershipFunding Amount: $500,000Project Description: This two-year initiative will support four Anishinaabe Nations to mitigate and monitor development compliance on the land, increase their capacity to care for land, water, plants and animals, and collaborate to identify individual needs and create customized support and mentorship programs. Anishinaabe Guardians will identify and protect important areas through consultation with Elders and Knowledge Keepers.

    Project Title: Ketegaunseebee Aki GuardiansRecipient: Garden River First NationFunding Amount: $301,400Project Description: This two-year initiative will help Garden River First Nation monitor and protect the St. Mary’s River and lands in fulfillment of a treaty with neighbouring Indigenous nations. The initiative will focus on capacity building, community engagement and on-the-ground work, including species at risk, invasive species and logging monitoring patrols.

    Project Title: Four Rivers Regional Guardians NetworkRecipient: Matawa First Nations ManagementFunding Amount: $389,771Project Description: This two-year initiative focuses on environmental stewardship and capacity building in nine Matawa First Nations. The Four Rivers Regional Guardians Network will participate in virtual and in-person networking events to expand their knowledge and capacity, including cultural exchanges within the network.

    Project Title: Biinjitawaabik Zaaging Anishnaabek Community GuardiansRecipient: Biinjitiwaabik Zaaging Anishnaabek First Nation of Rocky BayFunding Amount: $350,000Project Description: This two-year initiative will implement sturgeon and mine site protocols, conduct environmental monitoring analyses, map the Lake Nipigon basin and compile the data into a geographic information system database.

    Project Title: The Height Of Land Wakohtowin Guardians Program – Treaty 9Recipient: Wahkohtowin Development General Partnership INC.Funding Amount: $499,300Project Description: This two-year initiative aims to strengthen traditional knowledge, practices and lifestyles within communities. Guardians will have first-hand experience in the functioning of ecosystem services and the economics of conservation.

    Project Title: Neya Waban Guardians Program – Guardians of the LandRecipient: Algonquins of Pikwakanagan First NationFunding Amount: $349,650Project Description: This two-year initiative will gather critical information for decision-making, identify areas of quality wildlife habitat, and develop management plans and protocols. The Algonquins of Pikwakanagan First Nation will continue to collect data based on Algonquin knowledge to better protect the land, water, animals and air of the eleven communities in Ontario and Quebec.

    Project Title: Mnisinoog (Warriors for the Bay): Shawanaga First Nation Guardians ProgramRecipient: Shawanaga First NationFunding Amount: $350,000Project Description: This two-year initiative focuses on enhancing aquatic life, using river monitors to maintain and protect the health of the river ecosystem. Aquatic stewardship is a priority, through catch surveys, large-scale monitoring of water bodies, and a detailed study of fish consumption.

    Project Title: Caldwell First Nation Land Guardians ProgramRecipient: Caldwell First NationFunding Amount: $345,840Project Description: This two-year initiative will focus on education, training, on-the-ground learning with technical experts and knowledge holders, and listening sessions with the community. The Guardians will review classroom environmental assessments on behalf of Caldwell First Nation, monitor and participate in environmental projects on the land, and implement multi-year capacity building initiatives, with a focus on supporting the creation, development and management of Indigenous protected and conserved areas on their traditional territory.

    Prince Edward Island

    Project Title: Lennox Island First Nation Guardians ProgramRecipient: Lennox Island First NationFunding Amount: $346,800Project Description: This two-year initiative will help better manage, protect and utilize the marine resources that the community relies on. It will allow the Lennox Island Watershed Conservation Group to participate in coastal erosion studies, fisheries workshops (lobster handling practices), a black ash reforestation project and the development of a modernized solid waste management plan.

    Project Title: Guardians of AbegweitRecipient: Abegweit First NationFunding Amount: $350,000Project Description: This two-year initiative embodies a cultural and traditional approach to natural resource management. The initiative also includes data collection and monitoring, with a focus on land, water and resource use on traditional territories, including cultural sites.

    Quebec

    Project Title: Guardians of the NdakinaRecipient: W8banakiFunding Amount: $500,000Project Description: This two-year initiative will support the sustainability of traditional practices of members of the Nation, protect their rights of access to ancestral territories and preserve cultural heritage. This initiative will create conservation spaces, share and transmit Indigenous knowledge, mentor youth, consult the community, promote food sovereignty and many other activities.

    Project Title: Moving Forward: Taking Pessamit’s Land Guardians to the Next LevelRecipient: Conseil des Innus de PessamitFunding Amount: $349,550Project Description: This two-year initiative involves a team of six territorial agents specializing in data collection, land monitoring, and comprehensive inventories of biodiversity and ecosystem processes. The initiative will focus on monitoring and assessments, conducting an inventory of cultural sites, developing sampling expertise, and community engagement and visibility.

    Project Title: Abitibiwinnik Land GuardiansRecipient: Abitibiwinni First NationFunding Amount: $195,931Project Description: This two-year initiative will continue to train community members in land monitoring and develop new skills and knowledge through fieldwork that uses both Indigenous knowledge and Western science. The initiative aims to document information gathered through the activities of guardians, community members and elders.

    Project Title: Chisasibi Intertidal Cumulative Impact Assessment: Integrating Science, Tradition and StewardshipRecipient: Chisasibi Cree NationFunding Amount: $348,468Project Description: This two-year initiative will focus on integrating western science, Indigenous knowledge and stewardship to address key challenges in the Chisasibi community. The initiative will study the impact of land use planning by reviewing existing research, mapping the community, analyzing vegetation and collecting environmental samples. In addition, it will build capacity through workshops and a mentoring initiative involving the Kinwhapmaakins (trapkeepers/managers). All data will be collected and combined into a detailed cumulative effects report.

    Project Title: Atikamekw Guardians of ManawanRecipient: Atikamekw Council of ManawanFunding Amount: $350,000Project Description: This two-year initiative will strengthen the role of Guardians in working with non-Indigenous land users and partners within the Nation and community. The next phase will focus on field activity, data collection, establishing a formal mandate recognized by the community, capacity building and training, and strengthening the role of Guardians within the community.

    Project Title: Kitigan Zibi Anishinabeg Nagadjitòdjig Guardians InitiativeRecipient: Kitigan Zibi Anishinabeg First NationFunding Amount: $594,020Project Description: This two-year initiative will monitor and inventory key cultural species, wild foods and trees. Guardians will conduct water quality studies, identify sites of cultural significance and record videos to document traditional practices and activities.

    Project Title: Protection and Participation in the Development of Pekuakamiulnuatsh Heritage on NitassinanRecipient: Pekuakamiulnuatsh TakuhikanFunding Amount: $49,995Project Description: This one-year initiative aims to ensure the protection and preservation of the territory, while maintaining the well-being of the members of the Nation community, as they carry out the traditional activities of their Nation. Guardians play a crucial role in supporting the Nation community, monitoring the lands and accompanying community members on Nation lands.

    Project Title: Essipiu Assinu Nakatuenitamu (He who takes care of the territory of Essipit)Recipient: Council of the Innu Essipit First NationFunding Amount: $246,308Project Description: This two-year initiative supports responsible governance and occupation of the Nation’s territory, land monitoring, participation in community events, and collaboration on various projects that encourage learning and skills development for guardians and community members.

    Project Title: Nutshimiunnuat d’ITUM (Guardians of the Nitassinan d’ITUM)Beneficiary: Innu Takuaikan Uashat mak Mani-UtenamFunding Amount: $350,000Project Description: This two-year initiative involves monitoring, protection and stewardship activities on the Nation’s traditional territory. Its objective is to ensure monitoring of the territory and protection of the Nation, as well as to contribute to studies and inventories on the impacts of climate change and industrial development on the territory.

    Project Title: Iakwatonhontsanónhnha – We all mind her, the EarthRecipient: Mohawk Council of Kahnawà:keFunding Amount: $256,416Project Description: This two-year initiative will develop a community environmental charter that will help define the roles and responsibilities of conservation officers. It will also provide an opportunity to consult on a “Rights of Nature” approach to protecting the St. Lawrence River.

    Saskatchewan

    Project Title: File Hills Qu’Appelle Guardians InitiativeRecipient: File Hills Qu’Appelle Tribal CouncilFunding Amount: $354,180Project Description: This two-year initiative will monitor and document stream health, including water quality, medicinal plants, and bank conditions, particularly on the lower Qu’Appelle River and its chain of lakes. It will also revitalize language and land stewardship practices.

    Project Title: Monitoring and Protection of Athabasca Denesųłiné Nuhenéné in SaskatchewanRecipient: Ya’thi Néné Lands and Resources OfficeFunding Amount: $498,916Project Description: This two-year initiative will monitor the lands and waters of Nuhenéné, including Indigenous protected areas, caribou hunting areas, and mining and prospecting activities. Guided by Elders, Ya’thi Néné Land and Resource Guardians are working to reconnect youth to the land and train future leaders in sustainable management practices.

    Project Title: Birch Narrows Dene Nation Nuh Nene Strategic PlanRecipient: Birch Narrows Dene NationFunding Amount: $49,917Project Description: This one-year initiative will monitor the land, combining ancestral wisdom and modern ecological approaches. Strategic partnerships with neighbouring First Nations and partners such as Tamarack Environmental Associates, Nexgen Energy Ltd. and Fission Uranium Corp. will amplify the impact of conservation efforts. Through training, mentoring and community engagement, the initiative will help the Nuh Nene Department achieve its goal of safeguarding cultural identity and the natural environment.

    Project Title: Pheasant Rump Nakota First Nation Community Guardians InitiativeRecipient: Pheasant Rump Nakota First NationFunding Amount: $350,000Project Description: This two-year initiative aims to build capacity by training and employing youth to collect and analyze data on climate change and industry impacts on the land. The data will be used to develop a land use plan to inform Chief and Council decision-making on stewardship and habitat management initiatives to ensure sustainable sources of traditional foods for the community.

    Project Title: Muskowekwan First Nation Community Guardians InitiativeRecipient: Muskowekwan First NationFunding Amount: $350,000Project Description: This two-year initiative aims to build the capacity of community members to monitor and understand the impacts of climate change. Youth will have the opportunity to receive training in Indigenous knowledge, Western science, climate and environmental monitoring practices including geographic information systems and remote sensing, participatory mapping and knowledge gathering.

    Yukon

    Project Title: Teechik Land Guardians: Nanh gwiinzii vik’ite’tri’giikhii/We read the land wellRecipient: Vuntut Gwitchin First NationFunding Amount: $349,333Project Description: This two-year initiative will operate a camera trap network to monitor predator-prey interactions on the Old Crow Winter Road and conduct baseline fish and water sampling at the headwaters of the Porcupine River. The Guardian Coordinator will be responsible for organizing patrols, analyzing monitoring data, and preparing communications materials for community members and leaders. This capacity building will strengthen monitoring efforts by enabling the initiative to process more samples, improve the use of camera data, and enable keepers to establish an annual trapping camp to extend monitoring to furbearers.

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

    MIL Translation OSI

  • MIL-OSI Economics: Best Direct Finance: BaFin investigates purported sale of shares in “OpenAI Inc.” and warns against identity theft

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The unknown perpetrators also operate the website bestdirect-finance.com. On this website, they advertise other services, e.g. in the areas of time deposits or overnight money, asset management, investment advice or securities trading. Until recently, the website included a legal notice. There, the operator referred to itself as a “Zurich branch (…) of the parent company, Best Direct Finance LTD, from the United Kingdom”. According to information available to BaFin, there is no such connection. This is a case of identity theft.

    In the past, there have been frequent reports of attempted fraud where shares in well-known companies are offered for subscription. However, these shares are not delivered to the clients after payment is made, and the offerors can no longer be reached; in some cases, the offered shares do not even exist.

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify attempted fraud at an early stage.

    Background information:

    Unless an exemption from the prospectus requirement applies, securities may be offered to the public in Germany only if a prospectus approved by BaFin in advance has been published. During the approval process, BaFin checks whether the minimum information required by law is included in the prospectus and whether its content is understandable, coherent and consistent. However, BaFin does not check whether the information contained in the prospectus is correct. Moreover, it does not check whether the issuer is reliable nor does it examine the product in question.

    No securities prospectus relating to OpenAI shares has been submitted to BaFin for approval. You can check whether an approved prospectus for an offer of securities to the public has been filed with BaFin by consulting the Prospectuses filed database on the BaFin website.

    In addition, companies offering shares of other companies to consumers need prior authorisation from BaFin. The same applies for pre-IPO shares. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics

  • MIL-OSI: Safeguard Against Credit Application Fraud with Bectran and Cobalt Integration

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Sept. 27, 2024 (GLOBE NEWSWIRE) — Bectran, Inc., the industry leader in credit, collections and accounts receivable management technology, has introduced a new collaboration with Cobalt Intelligence, a highly regarded data solutions firm specializing in secretary of state (SOS) data collection. Bectran’s new API integration with Cobalt provides users with a powerful anti-fraud and efficiency generating toolkit.

    “This collaboration is a realization of our goal to make fraud solutions easier to implement and provide impactful solutions for improving risk management,” comments Louis Ifeguni, Bectran CEO. “The integration will equip credit managers with real-time SOS data at the moment of application submission, resulting in tighter fraud security measures and faster credit approvals.”

    Credit Application Fraud Prevention

    Fraud agents prey on out-of-date data, presenting a false face to credit departments with their intimate knowledge of the application process. Utilizing secretary of state real-time data, the risk of approving fraudulent credit applications can be severely curtailed. With direct integration into SOS websites, credit departments can be assured of their data integrity by using up-to-date and reliable records.

    Bectran’s automatic credit application system with real-time SOS website data pulls creates corporate verification reports seamlessly alongside application submissions. The SOS data will then be evaluated through Bectran’s scoring models to determine the authenticity of the application. To ensure data accuracy, a screenshot and link to the corresponding SOS document will be displayed immediately alongside the report. For further protection, a timestamp and watermark are attached to every screenshot, providing users with an audit trail for the verification process. The reports, links and screenshots will include all data and documents available on the corresponding SOS website. This varies by state but can include entity type, corporation status, articles of incorporation, SOS ID, corporate officer information, filing date and more. Credit applicants whose corporation status is found to be inactive or out-of-date can be automatically declined.

    Driving Credit Application Efficiency

    In addition to the benefits of fraud protection, automatic SOS verification brings unparalleled efficiency to the credit application process.

    This integration will lead to quicker credit application approvals, with verification done almost instantly. Manual verification processes are tedious in comparison, as they require significant time and effort from credit departments.

    For more information and to automate your credit applications, visit Bectran.com

    About Cobalt

    Cobalt Intelligence is at the forefront of real-time Secretary of State Data and AI automation. Our mission is to streamline the approval process, enhance compliance and drive ethical decision-making using a seamless API integration.

    We are committed to reducing fraud and operational costs and fostering ethical practices in alternative financing. Our real-time Secretary of State data verification and automated KYB compliance ensure precise business analysis and a comprehensive view across multiple states, empowering smarter underwriting decisions.

    About Bectran

    Bectran is the premier SaaS platform for Finance Departments, akin to CRM for Sales. Trusted by diverse organizations, from SMEs to Fortune 500 companies, we streamline credit processing by over 98%, reducing credit defaults and collection costs. Many businesses rely on Bectran for efficient Accounts Receivable and Collections management, achieving up to 95% cost savings. With rapid onboarding in days, our platform is hailed by credit professionals as the future of credit management. Visit Bectran.com to learn more about financial solutions for your industry.

    Aidan Starkes

    Content & Copywriter

    Bectran Inc

    (888) 791-6620

    PR@Bectran.com

    The MIL Network

  • MIL-OSI Russia: Digest

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    Last week, a representative delegation of the rector’s office of the State University of Management made a working trip to the southern regions of Russia, visiting Rostov-on-Don and the Donetsk People’s Republic. Meanwhile, our experts turned their attention to the increase in pensions, fines for dangerous driving and car prices after October 1. Also, the curious reader is invited to read about emotional intelligence, cash flow gap, principles of the Scrum management methodology, methods of counteracting high inflation and find out in which countries of the world it is the lowest.

    — Director of the Institute of Economics and Finance of the State University of Management Galina Sorokina recalled the increase in pensions for Russians over 80 years old from October 1. “This form of social support for long-livers is important, since with age, more funds are needed for medicines and help with the household, especially since people over 80 in Russia make up about 3.6% of the total population,” the expert noted. — Also, from October 1, military pensions will be indexed, which Galina Sorokina also reminds about. She listed the categories of citizens who are considered military pensioners: former military personnel, persons who served in the Internal Affairs Directorate, the State Fire Service, the National Guard and other categories, including family members of deceased military personnel. — Galina Sorokina also told what the minimum wage will be in 2025. “The amount of the subsistence minimum depends on the region and the population group – the working-age population, children and pensioners. Regions can also set their own minimum wage, which, however, should not be lower than the Russian average,” explains the economist.

    — Associate Professor of the Department of Economic Policy and Economic Measurements of the Institute of Economics and Finance of the State University of Management Maxim Chirkov appreciated the initiative to pay Russian pensioners the 13th pension. “From my point of view, such an initiative is quite realistic. Although inflation remains quite high, it has begun to decline. Therefore, increasing the incomes of pensioners becomes a top priority, since they are often the most vulnerable part of Russian society,” the economist said. 
    — Maxim Chirkov also explained why in Russia they want to limit online installment payments. “If these restrictions are not in place, it turns out that the established institutions that are supposed to limit citizens’ risks, including credit risks, may turn out to be useless and the risks will increase,” the expert explained. 
    — Maxim Chirkov also outlined the relationship between inflation and public sector salaries. “The Russian economy is growing sharply in the areas of IT, finance, manufacturing, including manufacturing, and others. Under these conditions, civil servants may leave their jobs to take high-paying jobs. Therefore, it is necessary to raise salaries for public sector employees and compare them not with inflation, but with the growth of the average salary in the country,” explained Maxim Chirkov. 
    — In addition, Maxim Chirkov commented on Putin’s statement about working on the creation of a BRICS payment circuit. “The creation of such a system is a logical continuation of the move away from the dollar, financial systems and organizations that have centers in Western countries. Of course, an analogue of SWIFT will be created, that is, a system of interbank transfers, payment systems for individuals using plastic cards,” Chirkov said. 

    — Head of the Department of World Economy and International Economic Relations at the State University of Management Evgeny Smirnov made assumptions about the purposes of the proposed visit of IMF representatives to Russia. “Considering that the IMF is considered a “pro-Western” organization, the visit may also be connected with an attempt to obtain data on the net income Russia receives from participation in international trade by publishing statistics on the external sector,” the expert suspects.

    — Director of the Russian Center for Socio-Economic and Political Research of China at the State University of Management Fanis Sharipov commented on the Moscow BRICS Forum and Symposium on Public Administration. The expert noted that the BRICS association is committed to supporting sustainable development and mutually beneficial cooperation. “The West does not agree to give up its positions. But the world is entering a new era of global economic relations, where the role of the East and the South is growing,” said Fanis Sharipov.

    — Associate Professor of the Department of Institutional Economics of the State University of Management Svetlana Sazanova named the countries with the lowest inflation over the past year. These are China (-0.1%), Switzerland (1.6%), Saudi Arabia (2%), Spain (2.6%), and the Netherlands (3%). “Creeping inflation, within 10%, even has a stimulating effect on the economy, because producers, as a rule, perceive such price increases as increased demand for their products and, in response, increase their production,” the economist notes. — Svetlana Sazanova also explained the reasons for the growth of the Russian economy. In general, economic growth in Russia in 2024 cannot be considered to be caused only by defense orders and an increase in the money supply in the hands of the population. It is also caused by its structural restructuring: an increase in the share of the manufacturing industry and related industries,” the expert is convinced. — Svetlana Sazanova and Associate Professor of the Department of Institutional Economics of the State University of Management Konstantin Andrianov discussed what awaits the United States as a result of the growth of the national debt. “The issue of solving the national debt problem will be postponed until the next president. At the moment, the US debt is about 120% of GDP, which significantly limits the possibilities for stimulating the economy with the help of budget and tax policy,” noted Svetlana Sazanova. “Countries have begun to withdraw their foreign exchange reserves and gold from American depositories, which could lead to a collapse of the dollar exchange rate. The scale of this fall is difficult to predict, but it could be multiple,” said Konstantin Andrianov.

    — Associate Professor of the Department of Institutional Economics of the State University of Management and expert of the Central Bank of the Russian Federation Konstantin Andrianov discussed possible changes in exchange rates after the lifting of sanctions. “At the moment, it is impossible to predict the exact value of the dollar after the sanctions are lifted. We don’t even know when these sanctions will be lifted. Sanctions are in the hands of countries guided by anti-Russian policies, and their political elites are gripped by Russophobia,” the expert said. 
    — Konstantin Andrianov also named the reasons and methods of countering high inflation in Russia. “Since mid-summer, the exchange rate of our national currency has fallen by 7% against the dollar and euro, and by 8% against the yuan, although nothing negative has happened in the economy. This significantly affects the level of inflation; for stable prices we need a stable ruble,” the economist said. 
    — In addition, Konstantin Andrianov assessed the extension of sanctions against the Moscow Exchange. “If the ruble has successfully withstood the sanctions against the Moscow Exchange adopted in June of this year, then it is unlikely that anything else from the outside can become more or less a serious threat for it,” the expert is sure. 
    — Konstantin Andrianov and Deputy Director of the IFE GUM Valeria Ivanova also predicted changes in the euro exchange rate in the event of some countries leaving the EU. “A sharp collapse in the exchange rate is possible due to the loss of investor confidence in the euro as a stable currency. Also, a sharp collapse is possible, especially if the exit of these countries becomes a signal for others, which will lead to a chain reaction,” noted Valeria Ivanova. Konstantin Andrianov notes that the situation in the eurozone remains extremely unstable. Against the background of the refusal of Germany and other EU countries from Russian energy resources, macroeconomic problems began to intensify in many European countries, including France and Italy. 

    — Associate Professor of the Department of Transport Complex Management at the State University of Management Artem Merenkov warned about the increase in prices for cars from October 1. “There is a stock of cars at old prices. That is, this will definitely not be a momentary adjustment. Nevertheless, we can say that a price increase of 5-10% is possible before the end of the year,” the expert believes. — Artem Merenkov also assessed the State Duma’s decision to increase the fine for dangerous driving to 5,000 rubles from October 1. “Whether it will help or not is a matter of time and a combination of actions. Such measures work in a complex. If we look at the data from the State Traffic Safety Inspectorate, we will see that the number of accidents on the roads is decreasing, that is, systematic work definitely yields results,” the specialist said.

    — Professor of the Department of Accounting, Auditing and Taxation of the State University of Management Olga Ageeva told how to determine the profit and loss of a business. “The amount of net profit for the period indicates the same growth in the company’s net assets. In turn, net loss is associated with their decrease by the same amount. And as is known, net assets are what will remain to the owners in the event of liquidation of the enterprise,” the expert noted.

    — Associate Professor of the Department of Economic Policy and Economic Measurements of the State University of Management Natalia Kazantseva reported on the crisis in the area of family mortgages. “The funds allocated from the state budget to support family mortgages have almost been exhausted. Many banks have already stopped accepting orders for their registration, the remaining limits are not enough for its rapid development. This means that the real estate market will have to survive in the current market conditions, where the price of housing is determined by its laws,” the expert noted. — Natalia Kazantseva also spoke about what a cash gap is and how to avoid it. “Daily monitoring of cash balances at the beginning of the day, receipts and expenses will help to avoid a cash gap, this advice is especially relevant for small and medium-sized enterprises. It is important to use electronic document management and negotiate with suppliers, apply installment and deferment tools,” the economist advises.

    — Candidate of Psychological Sciences, Associate Professor of the State University of Management Svetlana Grishaeva commented on the State Duma initiative to ban childfree propaganda. “Childfree propaganda forms attitudes towards childlessness, the less such propaganda and such movements there are, the more likely it is that attitudes towards childlessness will decrease. Children and teenagers are easily influenced by something new, so movements like childfree have imitators and followers,” the psychologist said. — Svetlana Grishaeva also explained in detail what emotional intelligence is. “It is the ability to understand the emotions of other people and the ability to control your feelings. But to control is not the same as not to experience, so you should not think that a low-emotional person has a high level of EI, because emotions are our helpers in many situations,” the expert noted.

    — Senior lecturer of the HR department of the State University of Management Ekaterina Illarionova spoke about the principles of the Scrum management methodology. “The peculiarity of Scrum is that the team works on only one product. This is more expensive than the typical assignment of one specialist to several projects, but this is a story from the series about the stingy who pays twice,” the expert says.

    — Vladimir Popov, Associate Professor of the Department of Private Law at the State University of Management, commented on the new fine from the Ministry of Transport for carrying foreign objects while driving. The Associate Professor believes that this could create problems for drivers. “After all, if a driver eats or drinks while driving, he is also distracted, which increases the likelihood of an accident, but I do not propose banning such behavior yet,” the expert noted.

    — Doctor of Political Sciences, Professor of the State University of Management Viktor Titov discusses the possibilities of reconciliation between Iran and Israel. “Firstly, a very strong argument “for” a partial easing of the Iranian-Israeli confrontation is the fatigue of Israeli society: both from the war that began in October 2023 and from the long-term, virtually permanent confrontation with the Islamic world,” the expert believes.

    These are the topics covered by the experts of the State University of Management this week. Conclusions later, and now let’s run to the anniversary final of the State University of Management KVN League!

    Subscribe to the TG channel “Our GUU” Date of publication: 09/27/2024

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