NewzIntel.com

Category: Business

  • MIL-OSI Asia-Pac: MiC Week opens

    Source: Hong Kong Information Services

    Secretary for Development Bernadette Linn today released the Guangdong-Hong Kong Modular Integrated Construction (MiC) Cross-boundary Trading Guidebook at the launch ceremony for MiC Week, which is being held in Guangdong and Hong Kong from today until Saturday.

     

    MiC Week is jointly organised by the Development Bureau (DEVB) and the Department of Housing & Urban-Rural Development of Guangdong Province (DHURDGP). It features a series of activities to help the public learn about the MiC and provides a platform for the industry to exchange relevant knowledge and experience to promote MiC’s wider adoption.

     

    Speaking at the launch ceremony, Ms Linn said the Hong Kong Special Administrative Region Government has been actively promoting the adoption of MiC with the aim of enhancing the construction industry’s productivity and cost-effectiveness. As of now, more than 100 government and private projects have adopted the method.

     

    She also highlighted that the Hong Kong SAR Government is implementing a series of measures to strengthen the MiC supply chain. These include the release of the cross-boundary trading guidebook, the accreditation of MiC manufacturers, the announcement of an MiC Annual Demand Forecast, the enhancement of relevant MiC training, and research and development into new technologies.

     

    The cross-boundary trading guidebook compiled by the DEVB gives manufacturers guidelines on bonded processing trade arrangements for MiC materials and cross-boundary tax declarations for the export of MiC modules to Hong Kong.

     

    Ms Linn also mentioned that the DEVB plans to announce a new requirement for public works projects later this year to require MiC manufacturers to be accredited before bidding for tenders, with a view to streamlining the vetting and approval process and ensuring quality.

     

    In addition, she pointed out that Guangdong is the main manufacturing base for MiC modules in the Greater Bay Area, while Hong Kong possesses advantages in research and development as well as overseas promotion.

     

    She said the DEVB will continue to work closely with the Guangdong Provincial Government to build the bay area into a MiC technology and construction hub, and promote the use of MiC as a new quality productive force and a strategic industry that expands to the international arena.

     

    DHURDGP Director-General Zhang Yong said in his speech that high-quality and reliable MiC products from Guangdong have been gradually applied in various projects in Hong Kong, including office buildings, school dormitories, public housing and private buildings.

     

    He also noted that from January to May this year, Guangdong exported MiC modules with a total value of about $1.39 billion to Hong Kong, representing a year-on-year increase of 2.3 times.

     

    The unveiling ceremony of the Guangdong-Hong Kong-Macao MiC Industry Alliance was also held at the launch ceremony.

     

    In addition, the Building Technology Research Institute presented accreditation certificates to the first batch of eight manufacturers accredited under the MiC Manufacturer Accreditation Scheme, and the Construction Industry Council announced the first MiC Annual Demand Forecast, jointly published with the DEVB.

     

    Over 1,000 participants took part in the ceremony online and offline.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Credit Agricole Sa: Indosuez Wealth Management plans to acquire the “Wealth Management” clients of the BNP Paribas Group in Monaco

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Monaco / Paris, 23 June 2025

    Indosuez Wealth Management plans to acquire
    the “Wealth Management” clients of the BNP Paribas Group in Monaco

    Indosuez Wealth Management, the wealth management subsidiary of the Crédit Agricole Group, announces that its entity in Monaco, CFM Indosuez, has signed an agreement to acquire the Wealth Management clients of the BNP Paribas Group subsidiary in Monaco.

    This acquisition would enable Indosuez Wealth Management to assert its leading position on the Monegasque market in which it has been present since 1922.

    The BNP Paribas Group’s Wealth Management clients in Monaco will benefit from continuity in the support they receive. They will benefit from the local presence of experts with recognised know-how. They will have access to one of the most comprehensive services on the market, resulting in particular from the universal nature of CFM Indosuez’s offer in the Principality and its position as a leading bank. They will also be able to continue to benefit from an international network, multiple financing capabilities, expertise in corporate finance, fund servicing and management, as well as the solidity of Crédit Agricole, the 9th largest bank in the world.
    This transaction is complemented by a strategic business partnership with the BNP Paribas Group to provide long-term support to its clients with Wealth Management needs in Monaco.

    For Jacques Prost, Chief Executive Officer of Indosuez Wealth Management: “This acquisition would strengthen our position in Monaco with ultra-high net worth clients (UHNW). Indosuez is pursuing its growth strategy in a sector undergoing consolidation and is a major player in wealth management in Europe.”

    Mathieu Ferragut, CEO of CFM Indosuez Wealth Management and Deputy CEO of Indosuez Wealth Management, adds: “We are delighted to welcome the Wealth Management clients of BNP Paribas Group’s Monaco subsidiary. This strengthens our position as Monaco’s leading bank and number one employer. We will work together to make this acquisition a success for both clients and employees.”

    Françoise Puzenat, Head of Monaco at BNP Paribas says: “We are delighted with the agreement reached with CFM Indosuez, a recognised player in the market and with all the assets needed to ensure the best possible continuity of service for our clients and the employees who join them. The sale of the Wealth Management business in Monaco is part of our strategic decision to refocus our local activities on a single platform. BNP Paribas will continue to develop its domestic commercial banking business line in Monaco, which includes corporate banking, private banking and retail banking.”

    The finalisation of the transaction remains subject to the prior approval of the relevant supervisory authorities, and is expected to be completed during the first half of 2026.

    The impact on Crédit Agricole S.A.’s CET1 ratio would be limited.

    ****

    Indosuez Wealth Management contacts

    Indosuez Group: Jenny Sensiau I jenny.sensiau@ca-indosuez.com I +33 7 86 22 15 24

    CFM Indosuez: Magali Jacquet-Lagrèze I mjacquet@cfm-indosuez.mc I +33 6 78 63 38 17

    *****

    About Indosuez Wealth Management

    Indosuez Wealth Management is the global wealth management brand of the Crédit Agricole Group, the world’s 9th largest bank by balance sheet (The Banker 2024).
    For over 150 years, Indosuez Wealth Management has been helping major private clients, families, entrepreneurs and professional investors to manage their private and professional assets. The bank offers a customised approach enabling each of its clients to preserve and develop their wealth in line with their aspirations. Its teams offer a continuum of services and offers that include advisory, financing, investment solutions, fund servicing, and technology and banking solutions.
    Indosuez Wealth Management employs more than 4,500 people in 16 territories around the world: in Europe (Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (Dubai, Abu Dhabi) and Canada (representative office).
    With €215 billion in client assets at the end of December 2024, Indosuez Wealth Management is one of Europe’s leading wealth management companies.
    Find out more at ca-indosuez.com 

    About CFM Indosuez Wealth Management

    The Indosuez Wealth Management network is embodied in Monaco through CFM Indosuez Wealth Management, the leading bank in the Principality. Its roots go back to 1922, the year it was founded by a number of prominent Monegasque families, some of whom are still shareholders, alongside the majority shareholder (70%), the Crédit Agricole Group.
    With the largest trading room in Monaco and 5 branches in the region, its teams, comprised of nearly 400 highly specialised employees, combine their knowledge of the Principality’s international environment with the vast expertise and opportunities of the international network of Indosuez Wealth Management and the Crédit Agricole Group.
    In addition to Wealth Management, its leading activity, CFM Indosuez Wealth Management serves all clients, whether private, institutional, corporate or professional.
    CFM Indosuez is also the leading bank in Corporate Finance in Monaco.
    In 2024, CFM Indosuez was named best bank in the Principality by international magazine Global Finance for the eighth consecutive year.
    Find us at cfm-indosuez.mc   

    About BNP Paribas in Monaco

    BNP Paribas Wealth Management is a leading global private bank and the largest private bank in the Eurozone with €469 billion in assets under management as of March 2025. Present in 3 regions (Europe, Asia and the Middle East), it employs more than 6,700 professionals who support individuals, entrepreneurs and large families in protecting, growing and passing on their assets. The bank aims to build a sustainable future by combining its expertise and reach with its clients’ influence and desire to make an impact.
    Find us on https://wealthmanagement.bnpparibas/fr.htm

    Attachment

    The MIL Network –

  • MIL-OSI: Coface SA: Coface strengthens its strategic focus on data and innovation, and continues to invest in its Information Services growth

    Source: GlobeNewswire (MIL-OSI)

    Coface strengthens its strategic focus on data and innovation, and continues to invest in its Information Services growth

    Paris, 23 June 2025 – 17.45

    Coface announces the creation of a dedicated technological hub focused on data, connectivity, and product innovation led by Thibault Surer, Group Strategy and Development Director. Thibault Surer will continue to oversee Strategy, Economic research, Marketing, and Mergers & Acquisitions.

    Coface also announces the appointment of Joerg Diewald as Information Services and Partnerships Director to support and accelerate the business development of these two strategic activities.

    These changes will be effective from July 1st, 2025.

    These appointments strengthen Coface’s governance and are perfectly in line with the Group’s strategic focus, notably around data and innovation.

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “Over the last 12 months, we have made significant progress in Information Services and data. This strengthening of governance is an important step of our continued efforts and will allow us to face up the complexity and scale of the transformation required. These appointments are perfectly in line with the objectives of our strategic plan Power The Core, which aims to reach data and technology excellence and generate a grow profitably Information Services.”

     

    Thibault Surer, Group Strategy and Development Director will lead a dedicated technological hub focused on data, connectivity, and product innovation while continuing to oversee Strategy, Economic research, Marketing, and Mergers & Acquisitions.

    As our investments in data and innovation grow, it is becoming clear that the complexity and scale of the transformations required in these domains deserve greater attention and a strengthened governance. This is the objective behind the creation of the technology hub.

    		   
    Joerg Diewald, appointed as the new Global Head of Information Services and partnerships will focus on the business development of these two strategic activities.

    Before joining Coface, he served as Chief Commercial Officer and Board Member at Solarisbank AG in Berlin, a Fintech company operating in the digital banking industry. Joerg brings more than 30 years of international experience in banking, commercial finance, and risk management.

    Based in Mainz, Germany, Joerg Diewald directly reports to Xavier Durand, Chief Executive Officer of Coface.

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is quoted in Compartment A of Euronext Paris
    Code ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    The MIL Network –

  • MIL-OSI: Coface SA: Coface strengthens its strategic focus on data and innovation, and continues to invest in its Information Services growth

    Source: GlobeNewswire (MIL-OSI)

    Coface strengthens its strategic focus on data and innovation, and continues to invest in its Information Services growth

    Paris, 23 June 2025 – 17.45

    Coface announces the creation of a dedicated technological hub focused on data, connectivity, and product innovation led by Thibault Surer, Group Strategy and Development Director. Thibault Surer will continue to oversee Strategy, Economic research, Marketing, and Mergers & Acquisitions.

    Coface also announces the appointment of Joerg Diewald as Information Services and Partnerships Director to support and accelerate the business development of these two strategic activities.

    These changes will be effective from July 1st, 2025.

    These appointments strengthen Coface’s governance and are perfectly in line with the Group’s strategic focus, notably around data and innovation.

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “Over the last 12 months, we have made significant progress in Information Services and data. This strengthening of governance is an important step of our continued efforts and will allow us to face up the complexity and scale of the transformation required. These appointments are perfectly in line with the objectives of our strategic plan Power The Core, which aims to reach data and technology excellence and generate a grow profitably Information Services.”

     

    Thibault Surer, Group Strategy and Development Director will lead a dedicated technological hub focused on data, connectivity, and product innovation while continuing to oversee Strategy, Economic research, Marketing, and Mergers & Acquisitions.

    As our investments in data and innovation grow, it is becoming clear that the complexity and scale of the transformations required in these domains deserve greater attention and a strengthened governance. This is the objective behind the creation of the technology hub.

    		   
    Joerg Diewald, appointed as the new Global Head of Information Services and partnerships will focus on the business development of these two strategic activities.

    Before joining Coface, he served as Chief Commercial Officer and Board Member at Solarisbank AG in Berlin, a Fintech company operating in the digital banking industry. Joerg brings more than 30 years of international experience in banking, commercial finance, and risk management.

    Based in Mainz, Germany, Joerg Diewald directly reports to Xavier Durand, Chief Executive Officer of Coface.

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is quoted in Compartment A of Euronext Paris
    Code ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    The MIL Network –

  • MIL-OSI USA: SBA Relief Still Available to Missouri Private Nonprofits Affected by Spring Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding private nonprofit (PNP) organizations in Missouri of the July 22, deadline to apply for low interest federal disaster loans to offset physical damage caused by severe winter storms, straight-line winds, tornadoes and flooding occurring March 30–April 8.

    The disaster declaration covers the Missouri counties of Bollinger, Butler, Cape Girardeau, Carter, Cooper, Douglas, Dunklin, Howell, Iron, Madison, Maries, Mississippi, New Madrid, Oregon, Ozark, Pemiscot, Reynolds, Ripley, Scott, Shannon, Stoddard, Texas, Vernon, Wayne and Webster.

    Under this declaration, PNPs providing services of a governmental nature are eligible to apply for business physical disaster loans. Eligible PNPs may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Applicants may be eligible for a loan amount increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements might include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future damage caused by any disaster. 

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”

    PNPs are also eligible to apply for Economic Injury Disaster Loans (EIDLs) to help meet working capital needs. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster. EIDL assistance is available regardless of whether the PNP suffered any physical property damage. 

    Interest rates can be as low as 3.62% with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible. 

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return physical damage applications is July 22, 2025. The deadline to return economic injury applications is Feb. 23, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI: CFC’s 2024 Key Ratio Trend Analysis Results Highlight Financial Stability and Growth Across Electric Cooperatives

    Source: GlobeNewswire (MIL-OSI)

    DULLES, Va., June 23, 2025 (GLOBE NEWSWIRE) — The National Rural Utilities Cooperative Finance Corporation (CFC) has completed its analysis of the 2024 Key Ratio Trend Analysis (KRTA), an annual report of financial trends among electric distribution cooperatives nationwide.

    Now in its 50th year, the KRTA continues to provide valuable insights into the financial health of the cooperative network. The latest results reaffirm that, amid elevated interest rates and persistent inflation, electric cooperatives maintained stable financial performance and steady consumer growth. Most notably, the 2024 results highlighted continued strong investment in utility plant—reinforcing the sector’s long-term commitment to infrastructure and service reliability.

    “Amid a complex economic environment in 2024, rural electric cooperatives remained focused and adaptable,” CFC Senior Vice President and Chief Corporate Affairs Officer Brad Captain said. “Their performance this year reflects the continued strength of the cooperative business model.”

    Consumer growth held steady in 2024, with nearly 89% of cooperatives reporting increases. Utah, Idaho and Florida were among those states with the highest growth rates. This steady expansion was accompanied by continued investment in utility plant, extending the momentum of sustained infrastructure growth seen in recent years.

    “Cooperatives are making smart, long-term investments to support future growth,” CFC Senior Vice President of Strategic Services Amy Luongo said. “Their focus remains on building stronger systems and serving their communities well.”

    Electricity sales, which had moderated in 2023, rebounded in 2024—reflecting renewed growth in system usage across much of the network.

    Financial ratios in 2024 continued to reflect the underlying strength of the cooperative network. The median equity-to-asset ratio remained solid at 45%, while long-term debt accounted for just under 43% of total assets—illustrating a well-balanced capital structure. Coverage ratios were also healthy, with the median times interest earned ratio at 2.60 and modified debt service coverage at 1.86, signaling strong earnings relative to debt obligations.

    “These indicators underscore the ability of cooperatives to manage capital needs while maintaining financial flexibility and long-term stability,” Luongo said.

    Final KRTA results are based on data submitted by 815 electric distribution cooperatives for the year ending Dec. 31, 2024. CFC calculates 145 financial and operational ratios for each cooperative and provides a report showing the cooperative’s ratios compared with U.S., state and other key consumer group median values. Median reporting minimizes the effect of outliers and offers a more representative picture of overall performance.

    About CFC
    Created and owned by America’s electric cooperative network, the National Rural Utilities Cooperative Finance Corporation (CFC)—a nonprofit finance cooperative with approximately $38 billion in assets—provides unparalleled industry expertise, flexibility and responsiveness to serve the needs of our member-owners. CFC is an equal opportunity provider. Visit us online at www.nrucfc.coop.

    About KRTA
    CFC has published KRTA—an annual report that tracks the median value of 145 financial and operational ratios for participating electric distribution cooperatives over the previous five years—since 1975. Based on data reported by electric distribution cooperatives, KRTA provides electric cooperative CEOs and directors/trustees with a complete picture of their system’s financial performance. In 2023, CFC introduced KRTA Pro, a new online platform that offers a 20-plus year view of KRTA ratios, enabling deeper trend analysis and enhanced access to historical benchmarking.

    Contact:
    Brad Captain
    Corporate Relations Group
    800-424-2954

    The MIL Network –

  • MIL-OSI: CFC’s 2024 Key Ratio Trend Analysis Results Highlight Financial Stability and Growth Across Electric Cooperatives

    Source: GlobeNewswire (MIL-OSI)

    DULLES, Va., June 23, 2025 (GLOBE NEWSWIRE) — The National Rural Utilities Cooperative Finance Corporation (CFC) has completed its analysis of the 2024 Key Ratio Trend Analysis (KRTA), an annual report of financial trends among electric distribution cooperatives nationwide.

    Now in its 50th year, the KRTA continues to provide valuable insights into the financial health of the cooperative network. The latest results reaffirm that, amid elevated interest rates and persistent inflation, electric cooperatives maintained stable financial performance and steady consumer growth. Most notably, the 2024 results highlighted continued strong investment in utility plant—reinforcing the sector’s long-term commitment to infrastructure and service reliability.

    “Amid a complex economic environment in 2024, rural electric cooperatives remained focused and adaptable,” CFC Senior Vice President and Chief Corporate Affairs Officer Brad Captain said. “Their performance this year reflects the continued strength of the cooperative business model.”

    Consumer growth held steady in 2024, with nearly 89% of cooperatives reporting increases. Utah, Idaho and Florida were among those states with the highest growth rates. This steady expansion was accompanied by continued investment in utility plant, extending the momentum of sustained infrastructure growth seen in recent years.

    “Cooperatives are making smart, long-term investments to support future growth,” CFC Senior Vice President of Strategic Services Amy Luongo said. “Their focus remains on building stronger systems and serving their communities well.”

    Electricity sales, which had moderated in 2023, rebounded in 2024—reflecting renewed growth in system usage across much of the network.

    Financial ratios in 2024 continued to reflect the underlying strength of the cooperative network. The median equity-to-asset ratio remained solid at 45%, while long-term debt accounted for just under 43% of total assets—illustrating a well-balanced capital structure. Coverage ratios were also healthy, with the median times interest earned ratio at 2.60 and modified debt service coverage at 1.86, signaling strong earnings relative to debt obligations.

    “These indicators underscore the ability of cooperatives to manage capital needs while maintaining financial flexibility and long-term stability,” Luongo said.

    Final KRTA results are based on data submitted by 815 electric distribution cooperatives for the year ending Dec. 31, 2024. CFC calculates 145 financial and operational ratios for each cooperative and provides a report showing the cooperative’s ratios compared with U.S., state and other key consumer group median values. Median reporting minimizes the effect of outliers and offers a more representative picture of overall performance.

    About CFC
    Created and owned by America’s electric cooperative network, the National Rural Utilities Cooperative Finance Corporation (CFC)—a nonprofit finance cooperative with approximately $38 billion in assets—provides unparalleled industry expertise, flexibility and responsiveness to serve the needs of our member-owners. CFC is an equal opportunity provider. Visit us online at www.nrucfc.coop.

    About KRTA
    CFC has published KRTA—an annual report that tracks the median value of 145 financial and operational ratios for participating electric distribution cooperatives over the previous five years—since 1975. Based on data reported by electric distribution cooperatives, KRTA provides electric cooperative CEOs and directors/trustees with a complete picture of their system’s financial performance. In 2023, CFC introduced KRTA Pro, a new online platform that offers a 20-plus year view of KRTA ratios, enabling deeper trend analysis and enhanced access to historical benchmarking.

    Contact:
    Brad Captain
    Corporate Relations Group
    800-424-2954

    The MIL Network –

  • MIL-OSI: Orange Bank & Trust Promotes Chief Operating Officer, Elizabeth Jones to Executive Vice President

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., June 23, 2025 (GLOBE NEWSWIRE) — Orange Bank & Trust Company (the “Bank”), the banking subsidiary of Orange County Bancorp, Inc. (the “Company” – Nasdaq: OBT), is pleased to announce the promotion of Elizabeth “Liz” Jones, Chief Operating Officer, to Executive Vice President.

    Jones joined Orange Bank & Trust in 2016 as 1st Vice President, Director of Branch and Deposit Operations and was promoted to Director of Operations in 2021. In 2022, she was promoted to Senior Vice President, Chief Operating Officer, following the completion of several significant operational projects, including the oversight of the Bank’s core conversion. With Jones’ commanding work ethic, formidable leadership skills, and a proven ability to strategically address challenges of the highest caliber, Jones stands as a cornerstone of the Bank’s management team.

    “Liz’s well-earned promotion reflects the pivotal role she plays in advancing operational efficiency across the Bank, while also overseeing our Compliance, Bank Secrecy Act, and Facilities Management functions,” said Michael Gilfeather, President and CEO of Orange Bank & Trust Company. “Since joining us more than nine years ago, she has consistently demonstrated exceptional leadership and operational expertise. Her ability to align our unique structure and product offerings with client needs has been instrumental in supporting the Bank’s sustained loan and deposit growth.”

    Jones also serves as Chief of Staff to Gilfeather, helping to drive the Bank’s strategic agenda forward alongside her executive peers. With her strong project management skills, she has been able to effectively deliver on major project milestones and objectives to key stakeholders.

    “I’m incredibly honored to take on the role of Executive Vice President,” said Jones. “It’s been a privilege to grow with Orange Bank & Trust and to work alongside such a dedicated and talented team. I look forward to continuing to drive innovation, operational excellence, and strategic growth as we serve our clients and communities with integrity and purpose.”

    Prior to joining Orange Bank & Trust, Jones worked at Sterling National Bank and its predecessor, Hudson Valley Bank, as Vice President of Sales and Service Administration and Director of Operations, Commercial Banking Group.

    About Orange Bank & Trust Company
    Orange Bank & Trust Company is the Hudson Valley’s premier financial institution focusing on commercial lending, business banking, payment processing and wealth management services. For more than 133 years, Orange Bank & Trust Company has been an economic engine of the community, with more than $2.5 billion in assets and playing a vital role in increasing opportunities for local businesses, creating jobs for generations of residents, spurring region-defining developments, and maximizing investments to neighborhood-serving non-profits. The Bank is regularly recognized as one of New York’s top places to work.

    Contact: Candice Varetoni AVP Marketing Officer
    Cvaretoni@orangebanktrust.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0dbc29a8-7328-47db-8103-cf2d20b5adf8

    The MIL Network –

  • MIL-OSI: Orange Bank & Trust Promotes Chief Operating Officer, Elizabeth Jones to Executive Vice President

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., June 23, 2025 (GLOBE NEWSWIRE) — Orange Bank & Trust Company (the “Bank”), the banking subsidiary of Orange County Bancorp, Inc. (the “Company” – Nasdaq: OBT), is pleased to announce the promotion of Elizabeth “Liz” Jones, Chief Operating Officer, to Executive Vice President.

    Jones joined Orange Bank & Trust in 2016 as 1st Vice President, Director of Branch and Deposit Operations and was promoted to Director of Operations in 2021. In 2022, she was promoted to Senior Vice President, Chief Operating Officer, following the completion of several significant operational projects, including the oversight of the Bank’s core conversion. With Jones’ commanding work ethic, formidable leadership skills, and a proven ability to strategically address challenges of the highest caliber, Jones stands as a cornerstone of the Bank’s management team.

    “Liz’s well-earned promotion reflects the pivotal role she plays in advancing operational efficiency across the Bank, while also overseeing our Compliance, Bank Secrecy Act, and Facilities Management functions,” said Michael Gilfeather, President and CEO of Orange Bank & Trust Company. “Since joining us more than nine years ago, she has consistently demonstrated exceptional leadership and operational expertise. Her ability to align our unique structure and product offerings with client needs has been instrumental in supporting the Bank’s sustained loan and deposit growth.”

    Jones also serves as Chief of Staff to Gilfeather, helping to drive the Bank’s strategic agenda forward alongside her executive peers. With her strong project management skills, she has been able to effectively deliver on major project milestones and objectives to key stakeholders.

    “I’m incredibly honored to take on the role of Executive Vice President,” said Jones. “It’s been a privilege to grow with Orange Bank & Trust and to work alongside such a dedicated and talented team. I look forward to continuing to drive innovation, operational excellence, and strategic growth as we serve our clients and communities with integrity and purpose.”

    Prior to joining Orange Bank & Trust, Jones worked at Sterling National Bank and its predecessor, Hudson Valley Bank, as Vice President of Sales and Service Administration and Director of Operations, Commercial Banking Group.

    About Orange Bank & Trust Company
    Orange Bank & Trust Company is the Hudson Valley’s premier financial institution focusing on commercial lending, business banking, payment processing and wealth management services. For more than 133 years, Orange Bank & Trust Company has been an economic engine of the community, with more than $2.5 billion in assets and playing a vital role in increasing opportunities for local businesses, creating jobs for generations of residents, spurring region-defining developments, and maximizing investments to neighborhood-serving non-profits. The Bank is regularly recognized as one of New York’s top places to work.

    Contact: Candice Varetoni AVP Marketing Officer
    Cvaretoni@orangebanktrust.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0dbc29a8-7328-47db-8103-cf2d20b5adf8

    The MIL Network –

  • MIL-OSI Economics: Frank Elderson: Europe at a crossroads – it is high time to complete the single market

    Source: Bank for International Settlements

    Thank you for your kind invitation. It is a pleasure to join you this morning to discuss the key obstacles to completing the single European market from the ECB’s perspective.

    40 years ago Jacques Delors presented a now-famous “White Paper”, outlining a bold and comprehensive vision for completing the single European market. This historic document identified 279 obstacles, many of them legal in nature, that stood in the way of the free movement of goods, people, capital and services across Europe.

    Delors’ White Paper did not come out of nowhere – it was conceived as a solution to tackle the challenges plaguing Europe in 1985: eurosclerosis, competitiveness crisis, paralysing political tensions. These issues dominated the headlines of the time.

    Policymakers overcame these obstacles with the Single European Act building on a clear and actionable timeline. And the rest, as they say, is history.

    MIL OSI Economics –

  • MIL-OSI USA: Republicans are Providing Tax Relief to Working Families and Main Street

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.—In addition to making the 2017 Trump tax rates permanent, Republicans are working to deliver additional tax relief for American families, communities and small businesses. 
    Investments in workers and small businesses:
    No tax on tips for millions of tipped workers.
    No tax on overtime for millions of America’s hourly workers.
    No tax on auto loan interest for new cars made in the U.S.
    Repeals the Democrats’ onerous IRS reporting requirements on gig workers.
    Increases the 1099-MISC threshold, reducing the paperwork burden for small businesses and workers.
    Investments in families, seniors and children:
    Strengthens employer-provided childcare credit and boosts childcare assistance.
    Creates school choice tax credits to expand education freedom and opportunity for students.
    Provides a $6,000 bonus exemption to millions of low- and middle-income seniors, slashing their tax burden.
    Enhances 529 savings accounts to make education more affordable for families.
    Establishes savings accounts for newborns, building financial security for the next generation.  
    Click HERE for a bill overview.
    Click HERE to view text of the Finance reconciliation bill.
    Click HERE for a section-by-section.

    MIL OSI USA News –

  • MIL-OSI USA: Republicans are Powering the Economy Through Pro-Growth Tax Policy

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.—Republicans’ legislation permanently extends critical pro-growth provisions and introduces new incentives for domestic investment, providing certainty for American job creators to spur domestic economic activity and invest in workers. 

    Restores and makes permanent critical business provisions:

    • Full expensing for domestic R&D to encourage domestic innovation.
    • Full expensing for new capital investments, like machinery and equipment, to boost domestic production.
    • Restores interest deductibility to a globally competitive standard to help finance critical domestic investments.

    Boosts Made-in-America manufacturing: 

    • Full expensing for new factories and factory improvements to accelerate domestic manufacturing.

    Enhances Opportunity Zone incentives:

    • Permanently renews and enhances the Opportunity Zone program, driving $100+ billion of investment to rural and distressed communities.  

    Click HERE for a bill overview.

    Click HERE to view text of the Finance reconciliation bill.

    Click HERE for a section-by-section.

    MIL OSI USA News –

  • MIL-OSI USA: Crapo Statement on JCT Analysis of Tax Title

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–Senate Finance Committee Chairman Mike Crapo (R-Idaho) today released the Joint Committee on Taxation’s (JCT) revenue estimate of the Finance Committee’s tax title, which shows that under a current policy baseline, the legislation has a net revenue impact of $442 billion.

    “Washington has a spending problem, not a tax problem.  Extending the Trump tax cuts prevents a $4 trillion tax increase—this is not a change in current tax policy or tax revenue. This score more accurately reflects reality by measuring the effects of tax policy changes relative to the status quo.

    “Republicans are poised to make the 2017 Trump tax cuts permanent, promoting more stability in the tax code and avoiding tax cliffs.  That certainty and stability is what families and businesses need to make long-term investments that drive growth, accelerate productivity and increase prosperity across all segments of the economy. 

    “Not only does this bill make the Trump tax cuts permanent, but it provides additional tax relief to middle-class American families, communities and small businesses.  Despite Democrats’ false rhetoric, Senate Republicans’ bill provides:

    • More than $82 billion in inflation tax relief targeted at income brackets below the $200,000 threshold.
    • A $165 billion benefit for the over-90 percent of low and middle-income taxpayers claiming the standard deduction.
    • A $91 billion benefit to low and middle-income seniors.
    • An additional $124 billion investment in children of low- and middle-income families, on top of the doubled child tax credit being made permanent.
    • Additional relief for workers, including no tax on tips and no tax on overtime.

    “The bill pays for these changes by eliminating hundreds of billions of dollars in Biden Green New Deal spending.  And, the Council of Economic Advisers estimates that making the Trump tax cuts permanent—combined with other Trump Administration pro-growth policies—will increase federal revenues by more than $4 trillion, more than offsetting deficit estimates.

    “Extending good tax policy, delivering targeted relief and reining in wasteful spending is the best way to restore economic prosperity and opportunity for all Americans.”

    Click HERE for the JCT table.

    Click HERE for a bill overview.

    Click HERE to view text of the Finance reconciliation bill.

    Click HERE for a section-by-section.

    MIL OSI USA News –

  • MIL-OSI United Nations: 23 June 2025 Departmental update International Day of Yoga 2025: “One Earth, One Health”

    Source: World Health Organisation

    WHO Assistant Director– General for Health Systems, Dr Yukiko Nakatani, addressed the meeting:  

    “In today’s world, self-care is not a luxury. It is a necessity and an important component of universal health coverage. As we face many global challenges, self-care offers a simple yet powerful way to protect our health and promote well-being. It combines the wisdom of traditional practices with science-based strategies and personal experience.” 

    The following morning, a vibrant yoga session took place on the lawns of Allée des Drapeaux, drawing participants from the diplomatic community, local residents, and international visitors.  

    Dr. Sylvie Briand, WHO Chief Scientist, shared her reflections on the day:

    “A systematic review on yoga reflects the latest science and confirms yoga’s positive effects on mental health, cardiovascular function, physical fitness and quality of life. Investment in and implementation of this type of rigorous science enables WHO to develop evidence-based guidance to support national policies and programmes that reflect the lived experiences, needs and benefits reported by millions of people worldwide.”

    In Delhi, WHO’s South-East Asia office hosted a virtual celebration on the morning of 21 June, allowing global participation through live streaming. The event featured guided yoga sessions and reflections on yoga’s global impact. 

    In her address, Saima Wazed, WHO Regional Director for South-East Asia, emphasized the broader significance of the day:

    “This year’s theme, ‘Yoga for One Earth, One Health,’ reminds us of the deep connection between our well-being and the health of our planet. Yoga is more than just physical exercise—it is a journey toward inner peace and harmony. In a world facing environmental challenges, yoga offers a path to sustainability. It encourages us to live simply, consume mindfully, and respect the natural world. When we care for the Earth, we care for ourselves.”

    She also highlighted compelling research: 

    • 77% of people report feeling physically stronger after regular yoga practice.

    • 82% of patients with chronic inflammation experienced nearly a 50% reduction in symptoms after six weeks of daily yoga.

    • A Harvard Medical School study found that 60% of participants with depression experienced significant symptom reduction after practicing yoga twice a week for eight weeks. 

    At the WHO Regional Office for the Eastern Mediterranean (EMRO), colleagues marked the occasion with a practical and accessible approach. Diana Tawadros, a certified yoga instructor and EMRO staff member, led a session demonstrating simple stretches for the neck, arms, and shoulders— designed to reduce tension and improve posture and perfect for those spending long hours at their desks. 

    Diana’s sessions are supported by the EMRO Staff Association and are open to all colleagues. Those interested in joining can contact Diana Tawadros or Maha El Bakry via email. 

    To mark the occasion, WHO Regional Office for Europe (EURO) shared a calming 10-minute desk- yoga video to encourage everyone to take a mindful pause, showing that even a few minutes of movement and breath can support well-being—no mat or change of clothes required. 

    WHO continues to promote yoga as a powerful tool for health and well-being. Its mYoga app, launched in 2022, provides accessible, evidence-based yoga guidance for people of all ages and backgrounds. WHO is also developing a technical report on yoga training standards to ensure quality, safety, and inclusivity in yoga instruction worldwide. 

    “,”datePublished”:”2025-06-23T05:00:00.0000000+00:00″,”image”:”https://cdn.who.int/media/images/default-source/initiatives/who-global-centre-for-traditional-medicine/yoga-day-2025-un-geneva-palais-stretch.jpeg?sfvrsn=5de226a3_5″,”publisher”:{“@type”:”Organization”,”name”:”World Health Organization: WHO”,”logo”:{“@type”:”ImageObject”,”url”:”https://www.who.int/Images/SchemaOrg/schemaOrgLogo.jpg”,”width”:250,”height”:60}},”dateModified”:”2025-06-23T05:00:00.0000000+00:00″,”mainEntityOfPage”:”https://www.who.int/news/item/23-06-2025-international-day-of-yoga-2025—one-earth–one-health”,”@context”:”http://schema.org”,”@type”:”NewsArticle”};
    ]]>

    MIL OSI United Nations News –

  • MIL-OSI Canada: Minister Olszewski to announce support to enhance business productivity in Alberta

    Source: Government of Canada News

    June 23, 2025 – Edmonton, Alberta

    The Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan), will announce federal investments to bolster the global competitiveness and productivity at cutting-edge Alberta businesses in fields like manufacturing, agri-food, technology and health sciences.

    Minister Olszewski will be joined by Doug Griffiths, President & CEO, Edmonton Chamber of Commerce; Corey Smith, President & CEO, RAM Elevators + Lifts; and, James Neufeld, Founder & CEO, samdesk.

    Speakers will take questions from the media following the remarks.

    Date:
    Tuesday, June 24, 2025

    Time:
    10:00 a.m. (MT)

    Location:
    samdesk
    10130 103 St, Unit 750
    Edmonton, AB

    MIL OSI Canada News –

  • MIL-OSI Security: Passaic County Man Pleads Guilty to Being a Felon in Possession of Ammunition

    Source: US FBI

    NEWARK, N.J. – A Passaic County, New Jersey, man pled guilty to being a convicted felon in possession of ammunition, U.S. Attorney Alina Habba announced.

    Justin Pope, 38, of Clifton, New Jersey, pled guilty before U.S. District Judge Brian R. Martinotti in Newark federal court to an indictment charging him with two counts of being a convicted felon in possession of ammunition.

    According to documents filed in these cases and statements made in Court:

    On July 12, 2023, law enforcement officers responded to a report of shots fired in a public parking lot in Clifton, New Jersey. A review of the surveillance footage from the area showed Pope and a female individual engaged in an altercation while inside of a vehicle. As the female individual exited the vehicle, Pope pointed a handgun and fired multiple shots at the victim at close range.  Law enforcement subsequently recovered ammunition from the scene.

    The following day, on July 13, 2023, law enforcement reviewed a video on a social media account depicting Pope firing a gun in the air in which he stated, “Can’t find me . . . Police. Y’all never gonna find me.”  Law enforcement also recovered ammunition from the scene.

    Pope was arrested a few hours later after he attempted to board a bus in New York City and brandished a firearm to bus employees. At the time of his arrest, law enforcement recovered a firearm from Pope, which was later identified as a privately made 9mm firearm with a large capacity magazine attached, which was loaded with one round of 9mm ammunition.

    Pope had previously been convicted of aggravated assault in New Jersey in connection with the shooting of a child.

    U.S. Attorney Habba credited special agents of the FBI, under the direction of Special Agent in Charge Stefanie Roddy in Newark; officers of the Clifton Police Department, under the direction of Chief Thomas Rinaldi; officers of the Paterson Police Department, under Officer in Charge Patrick Murray; officers of the Passaic County Sheriff’s Department under Sheriff Thomas Adamo; officers of the Passaic Police Department, under Chief Luis Guzman; and officers of New York City Police Department, under the direction of Commissioner Edward Caban, with the investigation leading to the charges.

    The charges of being a felon in possession of ammunition each carry a maximum penalty of 15 years in prison and a fine of up to $250,000.

    Pope’s sentencing is scheduled for October 21, 2025.

    The government is represented by Assistant United States Attorney Rachelle M. Navarro of the Bank Integrity, Money Laundering, and Recovery Unit in Newark.

                                                                                                   ###

    Defense counsel for Pope: Georgina Pallitto, Esq.

    MIL Security OSI –

  • MIL-OSI Security: Hickman Man Pleads Guilty to Bank Fraud Conspiracy

    Source: US FBI

    United States Attorney Lesley A. Woods announced that Jesse T. Hill, 35, of Hickman, Nebraska, entered a plea of guilty to an Information alleging that he committed conspiracy to commit bank fraud in front of United States Magistrate Judge Jacqueline M. DeLuca. Judge DeLuca scheduled Hill’s sentencing for September 11, 2025, at 3 p.m. before United States District Court Judge Susan M. Bazis. Hill faces a maximum possible penalty of 30 years’ imprisonment, a fine of up to $ 1 million, and a mandatory special assessment of $100. Hill additionally has agreed to pay restitution and forfeit his interest, if any, in a property in Puerto Rico, a PC-12/47E Pilatus Aircraft, and funds in a Charles Schwab account.

    Individual 1 operated a real estate business in Nebraska. Individual 1 died on November 2, 2022.

    Hill was an investment advisor operating in Nebraska. In 2013, Hill organized JT Equity Trading, LLC which operated as a hedge fund until 2018. Hill then organized First SOJO Capital Group, LLC (“First SOJO”) in 2019. First SOJO was a Registered Investment Advisor in Nebraska that managed two pooled investment vehicles: Outlier Fund I, LP and Outlier Fund II, LP. First SOJO used the services of Piedmont Fund Services from late 2021 until April 2022, when Piedmont Fund Services terminated their relationship with Hill due to significant investment losses. At no point in time did Piedmont Fund Services provide services to Individual 1 or any of Individual 1’s controlled entities.

    Beginning in November 2020, Hill and Individual 1 began attempting to obtain loans from financial institutions throughout Nebraska and western Iowa. The loans were sought in the name of Individual 1 and/or Individual 1’s entities. It was represented that these loans were to be used for real estate investments and the alleged collateral for the loans was an investment account of Individual 1 and/or Individual 1’s entity that was managed by Hill. Hill and Individual 1 would grant a surety with the financial institution, typically in the form of a control agreement, a commercial security agreement, or an assignment of account. Hill would falsely claim that Individual 1 and/or Individual 1’s entities were clients of his through his own investment entities JT Equity or First SOJO. Hill would prepare and present fraudulent invoices from JT Equity or Piedmont Fund Services to the financial institutions. Hill would falsely represent values of alleged funds that Individual 1 and/or an entity of Individual 1 had in an account that Hill managed. Hill would falsely represent that no other financial institution had a security interest in these fictitious accounts. Throughout the process of obtaining or attempting to obtain the loans, Hill and Individual 1 would engage with each financial institution to facilitate the loan process to include meeting with the financial institution in person, communicating by telephone, communicating by text message, or communicating by email. Hill knew that the representations being made to the financial institutions in order to obtain loans by Individual 1 and/or Individual 1’s entity were false and were being done with the intent to defraud.

    As a result of this scheme, Hill and Individual 1 attempted to obtain at least $45,650,000.00 in loans from at least 19 different financial institutions.

    The majority of the funds that were fraudulently obtained went into a failed investment scheme. A portion of the proceeds from fraudulent loans obtained later in the scheme were used to pay off or pay down fraudulent loans obtained earlier in the scheme. Proceeds were deposited in a Charles Schwab account, were used to purchase a property in Puerto Rico, and were used to purchase an ownership interest in a PC-12/47E Pilatus Aircraft.

    This case was investigated by the Federal Bureau of Investigation, the Federal Deposit Insurance Corporation – Office of the Inspector General, Federal Housing Finance Agency – Office of the Inspector General, and the Board of Governors of the Federal Reserve System – Office of the Inspector General with assistance from the Nebraska State Patrol, Lincoln Police Department, and the Lancaster County Sheriff’s Office.

    MIL Security OSI –

  • MIL-OSI: Greenway Technologies Announces Uplisting to OTCQB Venture Market

    Source: GlobeNewswire (MIL-OSI)

    ARLINGTON, TX, June 23, 2025 (GLOBE NEWSWIRE) — Greenway Technologies, Inc. (OTCQB: GWTI) (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announced today that it has successfully uplisted its common stock from the OTC® Pink Market to the OTCQB® Venture Market (“OTCQB”). The uplisting was processed and approved by OTC Markets Group Inc., and Greenway’s common stock commenced trading on the OTCQB on June 20, 2025. Greenway will continue to trade under the ticker symbol “GWTI.” To be eligible for the OTCQB, companies must be current in their reporting and must undergo an annual verification and management certification process.

    “This is a significant milestone supporting the growth of Greenway with our uplisting to the OTCQB,” said Kevin Jones, President of Greenway. “This reflects our commitment to enhancing transparency, increasing market visibility and providing enhanced opportunities for our shareholders. We expect our uplisting to the OTCQB® to allow access to a broader investor base, attract institutional investors and improve liquidity for our stock.”

    About Greenway Technologies, Inc.

    Based in Arlington, Texas, Greenway, through its wholly owned subsidiary, Greenway Innovative Energy, Inc., is engaged in the research and development of proprietary GTL and GTH syngas conversion systems that can be scaled to meet oil and gas field production requirements, or the requirements of various processes where natural gas is produced or available. Greenway’s patented technology has been integrated into its recently completed first-generation commercial G-Reformer™ unit, a unique component used to convert natural gas into synthesis gas (a mixture of Hydrogen and Carbon Monoxide). In the case of hydrogen creation, an additional new technology, the H-Reformer™, has been created which creates synthesis gas consisting of Hydrogen gas and CO2. When combined with an FT reactor and catalyst, G-Reformer™ units can be deployed to process a variety of natural gas streams, including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass to produce fuels including gasoline, diesel, jet fuel, and methanol as well as valuable chemical outputs. When derived from natural gas, these fuels are incrementally cleaner than conventionally produced oil-based fuels.

    Notice Regarding Forward-Looking Statements:

    This press release contains forward-looking statements that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact included in this press release, are forward-looking statements. These statements are only current predictions or expectations, and are subject to known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements, including those discussed under the heading “Risk Factors” in Greenway’s most recent Annual Report on Form 10-K, and in subsequent filings with, or submissions to, the Securities and Exchange Commission (the “SEC”), which are available on the SEC’s website at www.sec.gov. Except as otherwise required by law, Greenway disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date they were made, whether as a result of new information, future events or circumstances or otherwise. 

    Contact:

    Kevin Jones, President
    Greenway Technologies, Inc.

    Investors & Analysts Contact:
    Greenway Investor Relations
    ir@gwtechinc.com
    SEC filings can be found at:
    http://gwtechinc.com/SEC-filings/

    For more information, visit GWTI’s website: www.gwtechinc.com

    The MIL Network –

  • MIL-OSI United Kingdom: Business Confidence Index 2025: Ambition high but barriers to growth must be tackled

    Source: Northern Ireland City of Armagh

    Pictured L-R: Paul Tamati (Director of Development, Community and Wellbeing, ABC Council), Cllr Paul Berry, Alderman Paul Greenfield, Cllr Joy Ferguson, Adrian Farrell (Chair of BPA), Nicola Wilson (Head of Economic Development, ABC Council), Cllr Tim McClelland (Chair of Economic Development and Regeneration Committee), Cllr Kyle Savage, and Ethna McNamee (Invest NI). Adrian Farrell Ð Chairperson, BPA with Paul Tamati Ð Director of Development, Community & Wellbeing, ABC Council; Cllr Paul Berry, Cllr Paul Greenfield, Cllr Joy Ferguson, Nicola Wilson – ABC Council, Cllr Tim McClelland, Cllr Kyle Savage and Ethna McNamee Ð Regional Manager, Western Office, Invest NI 20 June 2025 SRC Banbridge Co.Down CREDIT: LiamMcArdle.com

    Armagh City, Banbridge and Craigavon Borough Council has welcomed the latest Business Confidence Index for the borough, which highlights strong entrepreneurial ambition among local firms—but also underlines the need to remove key barriers to growth.

    The 2025 Index, launched by the Business Partnership Alliance (BPA) at an event in Southern Regional College, Banbridge on Friday 20th June, provides a vital insight into business sentiment and trading conditions across the area. Now in its second year, the research is a valuable tool for the Council and its partners as they work together to shape future economic priorities.

    Despite a challenging economic backdrop, nearly half (49%) of businesses in the borough still plan to grow—demonstrating remarkable resilience and optimism. However, findings also show that a lack of available land and suitable premises is increasingly stalling progress. More than one-third of surveyed businesses said they expect to move premises in future, with a further 10% needing to relocate urgently but struggling to find suitable space.

    Councillor Tim McClelland, Chair of the Council’s Economic Development and Regeneration Committee, said: “This year’s Business Confidence Index clearly demonstrates the resilience and ambition of our local business community—despite the economic headwinds, nearly half of our firms are still planning for growth. That’s an incredibly encouraging sign. However, the findings also highlight structural barriers that we must address. As a Council, we are committed to working with partners through the Business Partnership Alliance and beyond to create the right conditions for growth, investment, and long-term economic success across the borough.”

    Chairperson of the BPA, Adrian Farrell, opened Friday’s event by highlighting that this research forms the foundation of the BPA’s lobbying priorities for the year ahead. “We’ll use these findings to engage with local, regional and central government on the real issues affecting businesses in our borough,” he said. “Top of the list is the need for action on space to grow—without it, businesses are being held back.”

    The findings were presented to attendees and prompted a lively panel discussion featuring councillors Joy Ferguson, Kyle Savage and Tim McClelland. Invest NI’s Ethna McNamee welcomed the research and emphasised the need for more creative thinking around workspace solutions, while ABC Council’s Director of Development, Community and Wellbeing, Paul Tamati reaffirmed the Council’s support for growing and ambitious businesses.

    The Index shows that the ABC borough continues to be seen as a desirable location for business, with high scores for quality of life, education, infrastructure, and workforce availability.

    Concluding the event, Adrian Farrell reinforced the importance of working together:

    “The message from today was clear—collaboration is key. In these uncertain times, we must support one another and maintain the shared ambition to grow. BPA is committed to keeping up the pressure, and to working with our partners to ensure that the Borough continues to thrive.”

    To find out more about the work of the BPA, visit: www.facebook.com/bpaabc/

    MIL OSI United Kingdom –

  • MIL-OSI Russia: GUU at the competition “My country – my Russia”: the rector presented awards, and a graduate became the winner

    Translation. Region: Russian Federal

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

    On June 21, 2025, as part of the Youth Day of the St. Petersburg International Economic Forum (SPIEF), a solemn awards ceremony was held for the winners of the XXII season of the All-Russian competition “My Country – My Russia”.

    Rector of the State University of Management Vladimir Stroyev presented awards to the winners in the nomination “Transport. Communication routes of my country”. The coordinator of experts in this area, including teachers of our university, was the director of the Institute of Economics and Finance of the State University of Management Galina Sorokina.

    “For many years now I have been taking part in the award ceremony and in the competition as a whole. Our teachers and students also actively participate. Every year during the selection and evaluation of works, we are all inspired by the ideas of the children. I am convinced every time that there are many passionate, beautiful and good people in our country,” said Vladimir Stroyev.

    In addition, Victoria Kostikova, a graduate of the Institute of Economics and Finance of the State University of Management this year in the International Management program, became the winner of the competition in the nomination “My Hospitable Russia” with the International Educational Project “Teleport”.

    “The project provides an opportunity for foreign students to become researchers of Russian culture, tell their stories, and share them with the world. Behind this project is friendship, which is stronger than borders and prejudices. We study the past through cultural heritage, explore the present through travel and dialogue, and together we shape a multipolar future where Russia is perceived not as an abstraction, but as a country of people to which one wants to return,” Victoria said about her project.

    Let us recall that 183 participants aged 18 and over made it to the final stage of the “My Country – My Russia” competition, and the prize places were taken by 39 authors of the best projects aimed at the socio-economic development of Russian territories.

    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.

    MIL OSI Russia News –

  • MIL-OSI USA: Bill LePinske Appointed IAM Midwest Territory Coordinator

    Source: US GOIAM Union

    IAM International President Brian Bryant has appointed Bill LePinske to serve as Midwest Territory Coordinator, effective June 1, 2025.

    LePinske had served as an International Representative after joining the Midwest Territory’s staff in 2017. He has most recently served as the territory’s National Labor Relations Board representative, which helps file for union elections for workers to join the IAM.

    “Bill is a longtime IAM member and has been instrumental in organizing and servicing our members throughout the Midwest for many years,” said IAM Midwest Territory General Vice President Sam Cicinelli. “We’re excited to welcome Bill to this new role and continuing to provide the best representation possible to our proud membership.”

    LePinske initiated into IAM Local 701 in 2002 when he helped organize his Joliet Dodge shop. He served as Shop Steward before being appointed to the position of organizer in 2011, and then to the position of Business Representative in 2014. 

    He has also served as a delegate to the 2012 and 2016 IAM International Conventions, the IAM Illinois State Council, and the Chicago Federation of Labor.

    The post Bill LePinske Appointed IAM Midwest Territory Coordinator appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI USA: Founder of Lender Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme

    Source: US State of California

    A federal jury convicted Stephanie Hockridge, a founder of the lender service provider Blueacorn, on Friday in connection with a scheme to fraudulently obtain tens of millions of dollars in COVID-19 relief money guaranteed by the U. S. Small Business Administration (SBA) through the Paycheck Protection Program (PPP).

    According to court documents and evidence presented at trial, Hockridge, also known as Stephanie Reis, 42, of Rio Grande, Puerto Rico, and previously of Arizona, conspired with others to submit false and fraudulent PPP loan applications, including by fabricating documents that falsified income and payroll in order to receive loan funds for which they were not eligible.

    “This defendant exploited a national emergency to personally profit from a taxpayer-funded program intended to support vulnerable individuals and small businesses,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “This conviction demonstrates the Department’s commitment to holding individuals accountable for defrauding the government and wasting taxpayer money.”

    “During a time of crisis in our country, this defendant abused the generosity of the American people by stealing money dedicated to the survival of small businesses to fraudulently enrich herself,” said Acting U. S. Attorney Nancy E. Larson for the Northern District of Texas. “We are proud of the diligent work of our law enforcement partners to hold her accountable and bring her to justice. Make no mistake, our efforts to bring such fraudsters to justice are ongoing.”

    “Hockridge’s conviction demonstrates the FBI’s continued commitment to protecting taxpayer-funded programs from fraud and abuse,” said Assistant Director Jose A. Perez of the FBI Criminal Investigative Division. “This program was designed to provide critical funds to those struggling during a national crisis, not line the pockets of people seeking to exploit government assistance. The FBI remains committed to pursuing anyone who abuses the public trust for personal gain.”

    “Ms. Hockridge defrauded the federal government of millions of dollars in pandemic relief funds for her own personal gain and has been brought to justice,” said Special Agent in Charge Jon Ellwanger of the Office of Inspector General for the Board of Governors of the Federal Reserve System and Consumer Financial Protection Bureau (CFPB) Western Region. “We are proud to have worked with our federal law enforcement partners to hold Ms. Hockridge accountable.”

    “Exploiting the Small Business Administration’s pandemic relief programs for personal gain is an egregious theft of taxpayer funds,” said Deputy Inspector General Sheldon Shoemaker of the SBA Office of Inspector General. “SBA OIG will aggressively root out fraud to protect the integrity of SBA’s programs, which are intended to provide vital assistance to the nation’s small businesses. I want to thank the U. S. Attorney’s Office and our law enforcement partners for their dedication and commitment to seeing justice served.”

    “This verdict is a victory for justice, accountability, and the American public,” said Special Agent in Charge Christopher J. Altemus Jr. of the IRS Criminal Investigation (IRS-CI) Dallas Field Office. “In a time of crisis, the Paycheck Protection Program was created as a lifeline to keep small businesses afloat and families fed. Ms. Hockridge saw it as an opportunity to enrich herself. Driven by greed, she used her business to steal millions of dollars intended for those in need. The women and men of IRS-CI will continue to protect what’s right and stand firmly with the honest business owners who play by the rules.”

    As proven at trial, Hockridge co-founded Blueacorn in April 2020, purportedly to assist small businesses and individuals in obtaining PPP loans. To get larger loans for certain PPP applicants, Hockridge and her co-conspirators fabricated documents, including payroll records, tax documentation, and bank statements. Hockridge and her co-conspirators charged borrowers kickbacks based on a percentage of the funds received.

    As part of the scheme, Hockridge and others offered a personalized service to their clients called “VIPPP” to help potential borrowers complete PPP loan applications. Hockridge recruited co-conspirators to work as VIPPP referral agents and coach borrowers on how to submit false PPP loan applications. To get more kickbacks from borrowers and a higher percentage of lender fees from the SBA, Hockridge and her co-conspirators submitted PPP loan applications that they knew contained materially false information. In total, Hockridge and her coconspirators processed tens of millions of dollars in fraudulent PPP loans. Hockridge was convicted of conspiracy to commit wire fraud and acquitted of four counts of wire fraud. She is scheduled to be sentenced on Oct. 10 and faces up to 20 years in prison.

    The FBI, IRS-CI, the Special Inspector General for Pandemic Recovery, Federal Reserve Board-CFPB Office of Inspector General, and SBA OIG investigated the case.

    Acting Assistant Chief Philip Trout of the Criminal Division’s Fraud Section, Trial Attorneys Elizabeth Carr and Ryan McLaren of the Criminal Division’s Money Laundering and Asset Recovery Section, and Assistant U. S. Attorney Matthew Weybrecht for the Northern District of Texas are prosecuting the case.

    The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the PPP. Since the enactment of the CARES Act, the Fraud Section has prosecuted over 200 defendants in more than 130 criminal cases and has seized over $78 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at www. justice. gov/criminal/criminal-fraud/cares-act-fraud

    MLARS’s Bank Integrity Unit investigates and prosecutes banks and other financial institutions, including their officers, managers, and employees, whose actions threaten the integrity of the individual institution or the wider financial system.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline via the NCDF Web Complaint Form at www. justice. gov/disaster-fraud/ncdf-disaster-complaint-form. 

    MIL OSI USA News –

  • MIL-OSI USA: Founder of Lender Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme

    Source: US State of California

    A federal jury convicted Stephanie Hockridge, a founder of the lender service provider Blueacorn, on Friday in connection with a scheme to fraudulently obtain tens of millions of dollars in COVID-19 relief money guaranteed by the U. S. Small Business Administration (SBA) through the Paycheck Protection Program (PPP).

    According to court documents and evidence presented at trial, Hockridge, also known as Stephanie Reis, 42, of Rio Grande, Puerto Rico, and previously of Arizona, conspired with others to submit false and fraudulent PPP loan applications, including by fabricating documents that falsified income and payroll in order to receive loan funds for which they were not eligible.

    “This defendant exploited a national emergency to personally profit from a taxpayer-funded program intended to support vulnerable individuals and small businesses,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “This conviction demonstrates the Department’s commitment to holding individuals accountable for defrauding the government and wasting taxpayer money.”

    “During a time of crisis in our country, this defendant abused the generosity of the American people by stealing money dedicated to the survival of small businesses to fraudulently enrich herself,” said Acting U. S. Attorney Nancy E. Larson for the Northern District of Texas. “We are proud of the diligent work of our law enforcement partners to hold her accountable and bring her to justice. Make no mistake, our efforts to bring such fraudsters to justice are ongoing.”

    “Hockridge’s conviction demonstrates the FBI’s continued commitment to protecting taxpayer-funded programs from fraud and abuse,” said Assistant Director Jose A. Perez of the FBI Criminal Investigative Division. “This program was designed to provide critical funds to those struggling during a national crisis, not line the pockets of people seeking to exploit government assistance. The FBI remains committed to pursuing anyone who abuses the public trust for personal gain.”

    “Ms. Hockridge defrauded the federal government of millions of dollars in pandemic relief funds for her own personal gain and has been brought to justice,” said Special Agent in Charge Jon Ellwanger of the Office of Inspector General for the Board of Governors of the Federal Reserve System and Consumer Financial Protection Bureau (CFPB) Western Region. “We are proud to have worked with our federal law enforcement partners to hold Ms. Hockridge accountable.”

    “Exploiting the Small Business Administration’s pandemic relief programs for personal gain is an egregious theft of taxpayer funds,” said Deputy Inspector General Sheldon Shoemaker of the SBA Office of Inspector General. “SBA OIG will aggressively root out fraud to protect the integrity of SBA’s programs, which are intended to provide vital assistance to the nation’s small businesses. I want to thank the U. S. Attorney’s Office and our law enforcement partners for their dedication and commitment to seeing justice served.”

    “This verdict is a victory for justice, accountability, and the American public,” said Special Agent in Charge Christopher J. Altemus Jr. of the IRS Criminal Investigation (IRS-CI) Dallas Field Office. “In a time of crisis, the Paycheck Protection Program was created as a lifeline to keep small businesses afloat and families fed. Ms. Hockridge saw it as an opportunity to enrich herself. Driven by greed, she used her business to steal millions of dollars intended for those in need. The women and men of IRS-CI will continue to protect what’s right and stand firmly with the honest business owners who play by the rules.”

    As proven at trial, Hockridge co-founded Blueacorn in April 2020, purportedly to assist small businesses and individuals in obtaining PPP loans. To get larger loans for certain PPP applicants, Hockridge and her co-conspirators fabricated documents, including payroll records, tax documentation, and bank statements. Hockridge and her co-conspirators charged borrowers kickbacks based on a percentage of the funds received.

    As part of the scheme, Hockridge and others offered a personalized service to their clients called “VIPPP” to help potential borrowers complete PPP loan applications. Hockridge recruited co-conspirators to work as VIPPP referral agents and coach borrowers on how to submit false PPP loan applications. To get more kickbacks from borrowers and a higher percentage of lender fees from the SBA, Hockridge and her co-conspirators submitted PPP loan applications that they knew contained materially false information. In total, Hockridge and her coconspirators processed tens of millions of dollars in fraudulent PPP loans. Hockridge was convicted of conspiracy to commit wire fraud and acquitted of four counts of wire fraud. She is scheduled to be sentenced on Oct. 10 and faces up to 20 years in prison.

    The FBI, IRS-CI, the Special Inspector General for Pandemic Recovery, Federal Reserve Board-CFPB Office of Inspector General, and SBA OIG investigated the case.

    Acting Assistant Chief Philip Trout of the Criminal Division’s Fraud Section, Trial Attorneys Elizabeth Carr and Ryan McLaren of the Criminal Division’s Money Laundering and Asset Recovery Section, and Assistant U. S. Attorney Matthew Weybrecht for the Northern District of Texas are prosecuting the case.

    The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the PPP. Since the enactment of the CARES Act, the Fraud Section has prosecuted over 200 defendants in more than 130 criminal cases and has seized over $78 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at www. justice. gov/criminal/criminal-fraud/cares-act-fraud

    MLARS’s Bank Integrity Unit investigates and prosecutes banks and other financial institutions, including their officers, managers, and employees, whose actions threaten the integrity of the individual institution or the wider financial system.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline via the NCDF Web Complaint Form at www. justice. gov/disaster-fraud/ncdf-disaster-complaint-form. 

    MIL OSI USA News –

  • MIL-OSI: ALL4 Mining Announces Global Expansion and New Live Cryptocurrency Mining Strategies for 2025

    Source: GlobeNewswire (MIL-OSI)

    London, UK, June 23, 2025 (GLOBE NEWSWIRE) — ALL4 Mining, a leading global cloud mining platform headquartered in London, has officially announced the expansion of its advanced live cryptocurrency mining strategies for 2025, empowering crypto investors and institutional clients to achieve sustainable passive income with real-time, secure, and eco-friendly mining solutions.

    Founded in 2019, ALL4 Mining has grown into a trusted industry leader operating more than 200 mining farms worldwide. The company is dedicated to building a safe, compliant, and green mining infrastructure that delivers stable, intelligent data processing services to users in multiple countries.

    “At ALL4 Mining, our mission is to make smart, efficient crypto mining accessible to everyone, from individual investors to large institutions,” said a spokesperson for ALL4 Mining. “By combining cutting-edge technology, clean energy, and robust security, we provide a transparent and profitable mining experience that keeps pace with the fast-evolving crypto market.”

    How to Get Started with ALL4 Mining

    ALL4 Mining’s user-friendly platform makes it easy to participate in crypto mining in just a few simple steps:

    1️⃣ Register: Sign up on the official website and receive a $15 welcome bonus to start mining immediately.
    2️⃣ Select a Plan: Choose a mining contract that matches your budget and goals.
    3️⃣ Start Mining: Let ALL4 Mining’s secure, advanced data centers work for you 24/7.
    4️⃣ Earn Daily Income: Enjoy steady daily income in top cryptocurrencies like BTC, ETH, DOGE, XRP, SOL, and more.

    Users can also download the official ALL4 Mining mobile app — available for Apple and Android — to track mining activities, manage contracts, and receive real-time updates anytime, anywhere.

    Key Features and Benefits

    ✅ Global Green Mining Network: Over 200 mining farms powered by renewable, low-carbon energy sources, supporting sustainable crypto production.
    ✅ High Efficiency & Stability: State-of-the-art data centers ensure consistent daily returns with no hidden fees.
    ✅ Robust Security: Multi-layer protection with SSL encryption, 2FA, McAfee® and Cloudflare® safeguards, plus 24/7 monitoring.
    ✅ 24/7 Support: Round-the-clock customer service to promptly address any user inquiries or technical issues.

    As blockchain technology continues to advance, ALL4 Mining is committed to setting a new standard for transparent, flexible, and profitable cloud mining, providing both short-term and long-term options to match diverse financial goals.

    To learn more and join the growing ALL4 Mining community, visit https://all4mining.com today.

    About ALL4 Mining
    ALL4 Mining is a UK-based global leader in cryptocurrency cloud mining, offering secure, sustainable, and easy-to-use mining services for individual and institutional clients worldwide. With a focus on clean energy, advanced technology, and strict compliance, ALL4 Mining makes earning daily crypto income simple and reliable.

    For media inquiries, please contact:
    ALL4 Mining
    info@all4mining.com
    Flat 75 Cheyne Court, London, United Kingdom, SW3 5TT
    https://all4mining.com

    Attachment

    The MIL Network –

  • MIL-OSI: Aster launches Hidden Orders: Invisible orders, visible advantage

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 23, 2025 (GLOBE NEWSWIRE) — Aster, the next-generation decentralized perpetual exchange (perp DEX) backed by YZi Labs, proudly unveils its latest upgrade on Aster Pro: Hidden Orders. Hidden orders empower traders with powerful stealth execution when trading perpetuals.

    With this launch, Aster – ranked second globally by perp DEX trading volume – becomes the first perp DEX to introduce fully integrated hidden orders, once again pushing the frontier of DeFi innovation.

    On Aster, traders who select hidden orders place limit orders without revealing any size, price, or presence on the public Aster Pro order book. Trades are placed directly into the main matching engine and only become visible after execution.

    “In high-speed, high-stakes perp trading, being seen is often a disadvantage,” shared Leonard, CEO of Aster. “Hidden orders empower traders with full anonymity without compromising liquidity, privacy and fairness.”

    Why decentralized perp trading needs hidden orders

    In cryptocurrency trading, the ability to place large trades without spooking the market is a privilege that separates professionals from amateurs. Institutions and sophisticated traders often rely on advanced order execution strategies like dark pools and hidden orders to hide their intentions and reduce slippage.

    Recent debates among industry leaders have also spotlighted a key tension in current DEX infrastructure: while transparency enables trust, it also exposes large traders to predatory tactics due to real-time order visibility. This underscores a rising demand for privacy-preserving solutions in the perpetual DEX space, ones that can shield traders from front-running and exploitation while still upholding market integrity.

    High-volume traders on centralized exchanges already rely on tools like dark pools or iceberg orders to mask intent. However, each has its drawbacks. Dark pools keep trades completely invisible and with no impact to main markets because trades execute via a separate order book. That said, because of the separate infrastructure, dark pools fragment liquidity and can be less liquid than the main order book. Iceberg orders are anonymous and access deep market liquidity, but will partially reveal intent as a portion of the total order is exposed on the public order book at any one time.

    Hidden orders solve these challenges:

    • Full Privacy: Orders remain invisible until filled, defending price points without signaling intent.
    • Stealth Execution: Slippage is reduced and front-running is avoided in volatile markets.
    • Integrated Liquidity: Hidden orders operate directly inside the main matching engine, preserving centralized liquidity and tight spreads.
    • Superior Speed: Often faster to execute than iceberg orders, with no visible trail.

    Built for anonymity, visible advantage

    The launch of Hidden Orders on Aster Pro marks a major milestone for the industry: Aster is now the first perpetual DEX to natively support hidden orders—a feature previously exclusive to centralized platforms or fragmented DeFi workarounds.

    This upgrade is more than a product release. It’s a clear statement of intent: Aster leads by building—pioneering tools that empower traders with greater control, precision, and privacy in onchain markets.

    With Hidden Orders, traders can now:

    • Defend key price levels without tipping off competitors
    • Enter or exit large positions without front-running risks
    • Execute with full anonymity while still benefiting from Aster’s deep, unified liquidity

    In a market where visibility often works against you, Aster gives traders the power to operate on their own terms.

    Redefining the standard for onchain perpetual trading

    This launch reinforces Aster’s position as an industry leader—not just in volume, but in innovation, execution quality, and trader-first design. From the successful introduction of email login for frictionless onboarding, to the debut of Aster Chain Beta, a privacy-preserving ZK Layer 1 built for high-performance perp trading, Aster is consistently raising the bar for what’s possible in DeFi.

    And while others focus on replicating centralized tools, Aster focuses on protecting its users—by prioritizing:

    • Privacy, with ZK-powered infrastructure
    • Fairness, with MEV-resistant execution
    • Control, with pro-grade tools like Hidden Orders and integrated liquidity

    Aster redefines onchain trading, making it fast, fair, private, and powerful. Experience Hidden Orders now on Aster Pro.

    About Aster

    Aster is a next-generation decentralized perpetual exchange built for everyone. It offers MEV-free, one-click trading with up to 1001x leverage in Simple Mode (BNB Chain, Arbitrum), and pro-grade tools including Hidden Orders in Pro Mode (BNB Chain, Ethereum, Solana, Arbitrum). Aster Chain is a high-performance blockchain engineered to deliver private and non-custodial onchain orderbook trading. Backed by YZi Labs, Aster is building the future of DeFi: fast, flexible, and community-first.

    Learn more at Aster official website, or connect with Aster on the official X account

    Contact:
    Leonard 
    CEO
    business@asterdex.com

    Disclaimer: This content is provided by Aster. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/271b3b73-6b2a-47dd-a21e-454b28c62f95

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8334c05b-5095-4984-9d77-811f20fad9d0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f44a4dd9-4ad3-47ac-8f8e-2c1a9e3f8a8e

    The MIL Network –

  • MIL-OSI: LET Mining launches new smart cloud mining service, making mining simple and efficient

    Source: GlobeNewswire (MIL-OSI)

    London, UK, June 23, 2025 (GLOBE NEWSWIRE) — LET Mining, at the forefront of cutting-edge cryptocurrency cloud mining, has unveiled its upgraded smart cloud mining service. We combine green energy and cutting-edge smart technology to maximize the profits of cryptocurrency mining. This improved service promises a safer, more efficient, and eco-friendlier cryptocurrency mining experience for users globally.

    LET Mining Intelligent Cloud Mining Service Advantages

    1. Core intelligence drive:
    ◆Smart contract automation: Your mining operations (currency selection, switching algorithms to achieve the best returns, and revenue payment) are automatically managed by transparent and secure smart contracts, allowing the system to serve you.
    ◆Dynamic resource allocation: Our AI platform continuously analyzes market conditions (currency prices, network difficulty) and intelligently allocates your computing power to the highest-yielding currencies in real time to maximize your potential returns.
    ◆Predictive maintenance: Advanced monitoring systems can predict problems before hardware failures cause downtime, ensuring that your mining is online 24/7 and running at maximum efficiency.

    2.Excellent efficiency and environmental protection:
    ◆ Cutting-edge hardware: Using the latest generation of ASIC miners and high-performance graphics cards, their performance and energy efficiency far exceed the level of home mining.
    ◆ Global strategic layout: Our data centers are located in areas with abundant renewable energy (hydropower, solar power, wind power) and the lowest electricity prices, significantly improving your net income while reducing environmental impact. Lower costs mean higher returns for you.
    ◆ Economies of scale: Benefit from bulk electricity prices and optimized cooling solutions that can only be achieved at a large-scale industrial level, significantly reducing the operating costs per unit of computing power.

    3. Transparent and Trustworthy:
    ◆ Real-time Data Dashboard: Monitor your mining activities and earnings 24/7 through our intuitive online dashboard or mobile app. No surprises, only clear and stable data.
    ◆ Flexible and Competitive Pricing: Choose the right package based on your budget and goals, and provide clear and transparent pricing based on computing power and duration. Transparent fee structure, no hidden fees.

    ◆Bank-level security: Enterprise-level physical security and advanced cybersecurity protocols (including asset cold storage) ensure the safety of your investment and earnings.

    How to start using LET Mining
    1. Visit the official website to register an account and get a $12 reward for free
    2. Choose a cloud mining contract that suits you

    contract Investment Amount Contract duration Total income
    Experience Contract $100 2 days $100 + $6
    BTC Classic Hash Power $500 6 days $500 + $35.1
    DOGE Classic Hash Power $3,000 22 days $3,000 + $904.2
    BTC Advanced Hash Power $5,000 30 days $5,000 + $2,265
    BTC Advanced Hash Power $10,000 40 days $10,000 + $6,720
    DOGE Super Hash Power $31,000 50 days $31,000 + $27,900

    For more details, please visit the official website
    3. Automatically get income every day
    4. You can withdraw funds at any time

    Conclusion
    Are you ready to start a smarter mining journey? Don’t be left behind in this cryptocurrency revolution. Come and experience the power, convenience and intelligence of LET Mining 2025 smart cloud mining service. Register now to get a $12 reward and $0.6 in daily income. The opportunity to easily earn cryptocurrency income starts here.
    Name：Lillian Austen
    Company name：LETMining
    Email ：info@letmining.com
    Address：21 Mansell Street, London, U.K.
    Website：https://letmining.com/
    Register now and start your mining journey!

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Green Party response to Government’s Industrial Strategy

    Source: Green Party of England and Wales

    by Green Party

    Responding to the government’s Industrial Strategy that was published today, co-leader of the Green Party, Carla Denyer MP, said:

    “This Industrial Strategy looks like another missed opportunity from the Labour government. The move away from polluting oil and gas towards clean power offers huge wins for communities, for workers and for industry – but that requires government to make a clear plan to urgently phase out fossil fuels, make polluting companies pay to retrain workers, and to harness the skills and innovation this country has in bucket loads.

    “The investment in skills announced in today’s strategy is welcome, and the move towards clean sources of power like wind and solar offers huge opportunities for good-quality jobs in futureproofed industries.

    “But the failure to make a plan for those currently working in high-carbon industries is short-sighted. 3 million workers across the UK will need re-skilling and retraining in order to make the most of the green jobs boom and fossil fuel giants must shoulder the cost of this.

    “We also need to see measures to ensure that all investment in the government’s GB Energy supports jobs and industries here in the UK rather than being lost overseas.

    “We have already seen decades of missed opportunities on this, leaving communities hollowed out and people forced out of work. This government must act fast to turn the corner and put Britain first in the race towards the economy of the future.”

    MIL OSI United Kingdom –

  • MIL-OSI Security: Founder of Lender Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme

    Source: United States Attorneys General 7

    A federal jury convicted Stephanie Hockridge, a founder of the lender service provider Blueacorn, on Friday in connection with a scheme to fraudulently obtain tens of millions of dollars in COVID-19 relief money guaranteed by the U. S. Small Business Administration (SBA) through the Paycheck Protection Program (PPP).

    According to court documents and evidence presented at trial, Hockridge, also known as Stephanie Reis, 42, of Rio Grande, Puerto Rico, and previously of Arizona, conspired with others to submit false and fraudulent PPP loan applications, including by fabricating documents that falsified income and payroll in order to receive loan funds for which they were not eligible.

    “This defendant exploited a national emergency to personally profit from a taxpayer-funded program intended to support vulnerable individuals and small businesses,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “This conviction demonstrates the Department’s commitment to holding individuals accountable for defrauding the government and wasting taxpayer money.”

    “During a time of crisis in our country, this defendant abused the generosity of the American people by stealing money dedicated to the survival of small businesses to fraudulently enrich herself,” said Acting U. S. Attorney Nancy E. Larson for the Northern District of Texas. “We are proud of the diligent work of our law enforcement partners to hold her accountable and bring her to justice. Make no mistake, our efforts to bring such fraudsters to justice are ongoing.”

    “Hockridge’s conviction demonstrates the FBI’s continued commitment to protecting taxpayer-funded programs from fraud and abuse,” said Assistant Director Jose A. Perez of the FBI Criminal Investigative Division. “This program was designed to provide critical funds to those struggling during a national crisis, not line the pockets of people seeking to exploit government assistance. The FBI remains committed to pursuing anyone who abuses the public trust for personal gain.”

    “Ms. Hockridge defrauded the federal government of millions of dollars in pandemic relief funds for her own personal gain and has been brought to justice,” said Special Agent in Charge Jon Ellwanger of the Office of Inspector General for the Board of Governors of the Federal Reserve System and Consumer Financial Protection Bureau (CFPB) Western Region. “We are proud to have worked with our federal law enforcement partners to hold Ms. Hockridge accountable.”

    “Exploiting the Small Business Administration’s pandemic relief programs for personal gain is an egregious theft of taxpayer funds,” said Deputy Inspector General Sheldon Shoemaker of the SBA Office of Inspector General. “SBA OIG will aggressively root out fraud to protect the integrity of SBA’s programs, which are intended to provide vital assistance to the nation’s small businesses. I want to thank the U. S. Attorney’s Office and our law enforcement partners for their dedication and commitment to seeing justice served.”

    “This verdict is a victory for justice, accountability, and the American public,” said Special Agent in Charge Christopher J. Altemus Jr. of the IRS Criminal Investigation (IRS-CI) Dallas Field Office. “In a time of crisis, the Paycheck Protection Program was created as a lifeline to keep small businesses afloat and families fed. Ms. Hockridge saw it as an opportunity to enrich herself. Driven by greed, she used her business to steal millions of dollars intended for those in need. The women and men of IRS-CI will continue to protect what’s right and stand firmly with the honest business owners who play by the rules.”

    As proven at trial, Hockridge co-founded Blueacorn in April 2020, purportedly to assist small businesses and individuals in obtaining PPP loans. To get larger loans for certain PPP applicants, Hockridge and her co-conspirators fabricated documents, including payroll records, tax documentation, and bank statements. Hockridge and her co-conspirators charged borrowers kickbacks based on a percentage of the funds received.

    As part of the scheme, Hockridge and others offered a personalized service to their clients called “VIPPP” to help potential borrowers complete PPP loan applications. Hockridge recruited co-conspirators to work as VIPPP referral agents and coach borrowers on how to submit false PPP loan applications. To get more kickbacks from borrowers and a higher percentage of lender fees from the SBA, Hockridge and her co-conspirators submitted PPP loan applications that they knew contained materially false information. In total, Hockridge and her coconspirators processed tens of millions of dollars in fraudulent PPP loans. Hockridge was convicted of conspiracy to commit wire fraud and acquitted of four counts of wire fraud. She is scheduled to be sentenced on Oct. 10 and faces up to 20 years in prison.

    The FBI, IRS-CI, the Special Inspector General for Pandemic Recovery, Federal Reserve Board-CFPB Office of Inspector General, and SBA OIG investigated the case.

    Acting Assistant Chief Philip Trout of the Criminal Division’s Fraud Section, Trial Attorneys Elizabeth Carr and Ryan McLaren of the Criminal Division’s Money Laundering and Asset Recovery Section, and Assistant U. S. Attorney Matthew Weybrecht for the Northern District of Texas are prosecuting the case.

    The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the PPP. Since the enactment of the CARES Act, the Fraud Section has prosecuted over 200 defendants in more than 130 criminal cases and has seized over $78 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at www. justice. gov/criminal/criminal-fraud/cares-act-fraud

    MLARS’s Bank Integrity Unit investigates and prosecutes banks and other financial institutions, including their officers, managers, and employees, whose actions threaten the integrity of the individual institution or the wider financial system.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline via the NCDF Web Complaint Form at www. justice. gov/disaster-fraud/ncdf-disaster-complaint-form. 

    MIL Security OSI –

  • MIL-OSI Security: Jacksonville Property Management Company to Pay Compensation and Penalties for Imposing Unlawful Charges on U.S. Military Servicemembers

    Source: United States Attorneys General

    The Justice Department resolved an enforcement matter against JWB Real Estate Management for violating the Servicemembers Civil Relief Act (SCRA) when it imposed illegal early termination charges on military servicemembers who terminated their leases after receiving military relocation orders.

    JWB Property Management, a property management company based in Jacksonville, Florida, imposed early termination fees on at least six members of the U.S. military after they attempted to terminate their leases in accordance with the SCRA.  

    As a result of the Department’s enforcement, JWB will be required to pay over $39,000 in compensation to the affected servicemembers, as well as a $25,000 civil penalty. The company will also make changes to its policies and training to ensure that it complies with the SCRA in the future.

    “Our military families already shoulder the burden of military-ordered moves and deployments,” said Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division. “We will not allow them to be penalized by landlords for answering the call of duty for service.”

    “The U.S. Attorney’s Office for the Middle District of Florida is committed to protecting the rights of all our servicemembers,” said U.S. Attorney Gregory W. Kehoe for the Middle District of Florida. “Our servicemembers make tremendous sacrifices to protect the rights and freedoms of our citizens and we will combat all forms of discrimination against them to help ensure that they are able to fulfill their military obligations.”

    The Department’s enforcement of the SCRA is conducted by the Civil Rights Division’s Housing and Civil Enforcement Section. Since 2011, the Department has obtained over $483 million in monetary relief for over 148,000 servicemembers through its enforcement of the SCRA. For more information about the department’s SCRA enforcement efforts, please visit www.servicemembers.gov.

    Servicemembers and their dependents who believe that their rights under the SCRA may have been violated should contact the nearest Armed Forces Legal Assistance Program Office. Office locations can be found at legalassistance.law.af.mil.

    MIL Security OSI –

  • MIL-OSI Europe: Press release – Green Claims Directive: EP co-rapporteurs hold a press conference at 15.15

    Source: European Parliament 3

    Following the Commission’s announcement on Friday that it intends to withdraw the legislative proposal, the Council has decided to cancel the trilogue scheduled for Monday.

    Parliament’s co-rapporteurs Sandro Gozi (Renew, FR) from the Committee on Internal Market and Consumer Protection and Tiemo Wölken (S&D, DE) from the Committee on the Environment, Climate and Food Safety will react to the developments today at 15.15 at a press conference where they will explain their position and answer questions.

    When: Monday, 23 June 2025, 15.15 CEST

    Where: Anna Politkovskaya press conference room at the European Parliament in Brussels (SPAAK building, room 0A50)

    How: Accredited media representatives can attend the press conference in person. Journalists wishing to ask questions remotely need to connect via Interactio (supported on iPad with Safari and Mac/Windows with Google Chrome).

    The press conference will also be webstreamed live on the Parliament’s Multimedia Centre, it will remain available as a recording as well.

    Background

    The Commission proposed the Green Claims Directive in March 2023 to make environmental marketing more reliable in Europe. Parliament adopted its first reading position on the file on March 12, 2024 and the Council agreed its position on June 17, 2024. Negotiations on the final text of the draft law started in January 2025 and were expected to come to a conclusion today, on Monday June 23 at a meeting that the Council has now officially cancelled.

    The draft law aims to protect consumers from misleading environmental marketing practices. It would require companies wanting to use complex environmental marketing claims in Europe to submit these claims along with supporting evidence to national accredited verifiers for assessment and approval in advance. The draft law also aims to regulate the use of environmental labelling schemes in Europe.

    MIL OSI Europe News –