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Category: Business

  • MIL-OSI Economics: Top 20 global payment companies’ revenue grows by 9% in 2024 as market sees structural shifts, says GlobalData

    Source: GlobalData

    Top 20 global payment companies’ revenue grows by 9% in 2024 as market sees structural shifts, says GlobalData

    Posted in Business Fundamentals

    In 2024, the global payment ecosystem witnessed structural changes with digital acceleration, consumer behavior shifts, and macroeconomic pressures reshaping the industry landscape. The top 20 publicly listed payment companies by revenue have navigated this landscape with varying degrees of agility, innovation, and strategic execution. The top 20 public payment companies saw their revenues rise by 9% to $262.8 billion in 2024, reveals GlobalData, a leading data and analytics company.

    The US payment companies dominated the list, with the top four – American Express, Visa, PayPal, and Mastercard – accounting for 63.7% of the aggregate revenue of the top 20. Driven by an increase in global payment volume, the top four witnessed a rise in revenue by an average of 10%.

    Other companies in the top 20 list that recorded impressive top-line growth include Shift4 Payments, Adyen, and Green Dot, which reported more than 15% growth.

    Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “Shift4 Payments reported a 30% year-over-year revenue growth, driven by a significant increase in end-to-end payment volume, which reached $55.8 billion. This performance was supported by the continued onboarding of larger merchants, who generally operate under lower unit pricing compared to the existing customer base. Additionally, growth in subscription and other revenues was primarily attributed to the positive impact of recent acquisitions and increased SaaS revenue associated with the company’s SkyTab solutions.”

    Adyen’s growth was driven by the deepening of relationships with existing customers, alongside contributions of €8.3 million from payment settlement and processing activities. Additional revenue was generated through the sale of goods, including point-of-sale (POS) terminals, as well as other payment-specific services.

    Green Dot’s revenue growth was primarily driven by a 22.2% increase in card revenue, supported by a rise in gross dollar volume within its B2B Services segment. This growth led to higher program management service fees generated from its Banking-as-a-Service (BaaS) partnerships.

    Grandhi concludes: “In 2025, the payments industry is expected to undergo accelerated transformation, driven by the adoption of artificial intelligence (AI), real-time payment infrastructure, and embedded finance. Market leaders will likely be those that effectively integrate innovation with operational stability, expand globally while navigating evolving regulatory landscapes, and deliver broad, customer-focused product offerings. As the global economy stabilizes, the sector is positioned not only for sustained growth but also for a fundamental reshaping of how value is exchanged across digital ecosystems.”

    MIL OSI Economics –

  • MIL-OSI Economics: Ferrero’s new US confectionery range a model for navigating tariffs and market uncertainty, says GlobalData

    Source: GlobalData

    Ferrero’s new US confectionery range a model for navigating tariffs and market uncertainty, says GlobalData

    Posted in Consumer

    The need for reshoring and friend-shoring supply chains has been a long time coming. Companies that adapted early to these shifts are now better positioned to weather the challenges posed by the US trade war, as demonstrated by Ferrero‘s proactive approach, according to GlobalData, a leading data and analytics company.

    Hannah Cleland, Consumer Analyst at GlobalData, comments: “As part of a decade-long strategy to grow its sales in the US, Ferrero has invested in North American production facilities and acquired US businesses such as Fannie May, Nestle’s US confectionery arm (including Nerds and Butterfingers), and Wells Enterprises (Halo Top owner). Additionally, it has introduced several of its global and European brands, including Kinder. However, its most recent US range deliberately Americanizes the flavors of some of its most iconic products, including Nutella Peanut and Dr Pepper Tic Tacs.”

    Ferrero’s localized tactics not only mitigate the impact of tariffs but also align with growing consumer demand for domestic products. GlobalData’s Q1 2025 global consumer survey reveals that 55% of US consumers claim political events have heightened their awareness of the country of origin of the products they purchase, underscoring the importance of country-of-origin marketing in products.* By incorporating distinctly American flavors such as peanuts and Dr Pepper into its offerings, Ferrero effectively encourages consumers to perceive its products as locally made.

    This strategy resonates with consumers who are increasingly motivated by both financial considerations and a desire to support local businesses, especially during a persistent cost-of-living crisis. 61% of US consumers strongly or somewhat agree that they prefer local products due to their affordability compared to imports. *

    Cleland concludes: “A reactive approach to supply chain shocks is no longer sufficient. Brands must invest in long-term strategies that ensure stability and resilience in the face of unpredictable market dynamics. Ferrero’s successful localization strategy serves as a valuable lesson for global companies navigating the complexities of trade wars and economic uncertainty.”

    *GlobalData Q1 2025 global consumer surveys, 22,000 respondents across 42 countries

    MIL OSI Economics –

  • MIL-OSI Economics: Microsoft launches new European security initiative

    Source: Microsoft

    Headline: Microsoft launches new European security initiative

    As AI and digital technologies advance, the European cyber threat landscape continues to evolve, presenting new challenges that require stronger partnerships and enhanced solutions. Ransomware groups and state-sponsored actors from Russia, China, Iran, and North Korea continue to grow in scope and sophistication, and European cyber protection cannot afford to stand still.

    That is why, today, in Berlin, we are announcing a new Microsoft initiative to expand our longstanding work to help defend Europe’s cybersecurity. Implementing one of the five European Digital Commitments I shared in Brussels five weeks ago, we are launching a new European Security Program that adds to the company’s longstanding global Government Security Program.

    This new program expands the geographic reach of our existing work and adds new elements that will become critical to Europe’s protection. It puts AI at the center of our work as a tool to protect traditional cybersecurity needs and strengthens our protection of digital and AI infrastructure.

    We are launching the European Security Program with three new elements:

    • Increasing AI-based threat intelligence sharing with European governments;
    • Making additional investments to strengthen cybersecurity capacity and resilience; and
    • Expanding our partnerships to disrupt cyberattacks and dismantle the networks cybercriminals use.

    We are making this program available to European governments, free of charge, including all 27 European Union (EU) member states, as well as EU accession countries, members of the European Free Trade Association (EFTA), the UK, Monaco, and the Vatican.

    Together, these efforts reflect Microsoft’s long-term commitment to defending Europe’s digital ecosystem—ensuring that, no matter how the threat landscape evolves, we will remain a trusted and steadfast partner to Europe in securing its digital future.

    The need for new steps – the current threat environment

    Microsoft continues to observe persistent threat activity targeting European networks from nation state actors, with Russian and Chinese activity being particularly prolific in Europe. Unsurprisingly, Russia continues to be especially focused on targets in Ukraine and European nations providing support to Ukraine. Nation-state actors, including those engaging in malicious activity from Iran and North Korea, are predominantly pursuing espionage objectives in Europe through credential theft or the exploitation of vulnerabilities to gain access to corporate and government networks. Several campaigns, including those from China, have also targeted academic institutions, compromising accounts to access sensitive research data or conduct geopolitical espionage against think tanks. Cybercriminals continue to develop Ransomware-as-a-Service beyond nation-state threats. We have seen the emergence of illicit websites rapidly gaining followings by leaking ransomware insights to be used by criminal groups to conduct attacks across Europe.

    The rise of AI is also augmenting and evolving threat actor behavior. Microsoft has observed AI use by threat actors for reconnaissance, vulnerability research, translation, LLM-refined operational command techniques, resource development, scripting techniques, detection evasion, social engineering, and brute force attacks. This is why Microsoft now tracks any malicious use of new AI models we release and proactively prevents known threat actors from using our AI products. This also underscores the importance of secure development and rigorous testing of AI models, leveraging AI to benefit cyber defenders, and close public-private partnerships to share the latest insights about AI and cybersecurity.

    Increasing AI-based threat intelligence sharing with governments

    Microsoft’s Government Security Program (GSP) has long provided governments with confidential security information and resources to help them better understand our products and the evolving threat landscape, particularly threats from nation-state actors. Building on existing efforts, our new European Security Program will increase the flow and expand access to actionable threat intelligence to European governments. Tailored to discrete national threat environments using AI insights, and delivered, when possible, in real time, this program is designed to help governments stay ahead of advancing cyber threats through:

    • Leveraging threat intelligence insights – Microsoft tracks the most sophisticated nation-state cyber activity, offering timely insights into evolving global threats. We use AI to support our analysis, which has improved our visibility and accelerated our ability to share the latest intelligence on the tactics, techniques, and procedures used by advanced persistent threat actors, including the malicious use of AI. By providing more information and faster, Microsoft will help European governments strengthen their cyber resilience and enable proactive defense.
    • Expanding cybercrime reporting – The Microsoft Digital Crimes Unit (DCU) plays a critical role in detecting and disrupting global cybercriminal infrastructure, generating invaluable real-time intelligence in the process. As part of this new effort, we are expanding the availability of this intelligence to trusted European partners to support rapid response and coordinated enforcement action through the Cybercrime Threat Intelligence Program (CTIP).
    • Providing foreign influence operations updates – The Microsoft Threat Analysis Center (MTAC) continues to monitor influence operations in Europe, which are increasingly using AI to mislead and deceive with deepfake synthetic media. MTAC also uses AI to look for commonalities across operations and will provide regular intelligence briefings on foreign influence, offering timely insights into the tactics, narratives, and digital platforms leveraged by state-affiliated actors. These briefings help policymakers and security stakeholders stay ahead of evolving disinformation campaigns and hybrid threats targeting democratic institutions and public trust.
    • Identifying vulnerabilities and prioritizing security communications – Microsoft is committed to proactive and transparent security communications, particularly in the face of emerging threats and evolving vulnerabilities. We provide customers with timely, actionable intelligence through structured programs such as the Threat Microsoft Security Update Guide, Vulnerability Reporting process, and Microsoft Defender Vulnerability Management. As part of this expanded commitment, we will offer prioritized notice of security communications, including vulnerability remediation guidance to our European Security Program partners, helping to enhance situational awareness and enabling faster responses.

    Participating governments will have a dedicated Microsoft point of contact to coordinate responses and escalate concerns. These efforts are designed to improve situational awareness and to support faster, more coordinated action across borders.

    Making additional investments to strengthen cybersecurity capacity and resilience

    Digital resilience—the ability to anticipate, withstand, recover from, and adapt to cyber threats and disruptions—requires more than technology. It requires investment in people, institutions, and partnerships. As part of the European Security Program, we are investing additional resources to further our work with European governments, civil society, and innovators to strengthen local capabilities and build long-term resilience. Highlights include:

    • Strengthening public-private collaboration – Microsoft has launched a new pilot program with Europol’s European Cybercrime Centre (EC3), embedding Microsoft Digital Crimes Unit (DCU) investigators at EC3 headquarters in The Hague to enhance intelligence sharing and operational coordination. Through this enhanced collaboration, we will enable joint investigations, identify faster threat identification, and be better positioned to disrupt cybercriminal activity targeting European institutions and citizens more effectively.
    • Supporting civil society and defending against ransomware – Microsoft has renewed our three-year partnership with the CyberPeace Institute to support NGOs and to promote accountability for bad actors, including nearly 100 Microsoft employees volunteering their time and expertise to help defend the most vulnerable in cyberspace. We will continue to support the Institute’s efforts to trace ransomware origins, identify safe havens, and uncover potential links to nation-state actors.
    • Expanding cybersecurity support to the Western Balkans – Through a new collaboration with the Western Balkans Cyber Capacity Centre (WB3C), Microsoft will scale cybersecurity in a region where malicious actors have long sought to destabilize countries bordering the EU. Microsoft stands firmly in defense of Ukraine and is now extending that commitment with WB3C to help scale cybersecurity capabilities in a geopolitically sensitive and digitally under-resourced region, aligning with broader European cybersecurity priorities.
    • Advancing AI security and innovation – Microsoft is investing additional resources to support research, expand the cybersecurity talent pipeline, and test advanced AI-assisted security tools in real-world environments using Microsoft’s security stack and Azure and Copilot capabilities. We’re working with the UK’s Laboratory for AI Security Research (LASR), a public-private partnership established to advance AI security in support of UK’s national security and economic prosperity. Together, we’re launching a joint research program focused on AI-cybersecurity challenges with a focus on critical infrastructure and agentic AI security, with an initial investment from Microsoft and research-collaboration between LASR and Microsoft Security Research Center.
    • Securing open-source innovation – Through the recently launched GitHub Secure Open Source Fund, we will support open-source projects that underpin the digital supply chain, catalyze innovation, and are critical to the AI stack. By raising the security posture for European projects such as Log4J and Scancode, which are critical to the IT systems of governments and companies across the continent, the program aims to reduce future security vulnerabilities. Ensuring these tools can continuously withstand and sustainably defend against sophisticated cyber threats is essential to strengthening cyber resilience.

    These new and enhanced initiatives reflect our belief that cybersecurity is a collective endeavor—and that Europe’s digital resilience must be built from the ground up.

    Expanding partnerships to disrupt cyberattacks and dismantle cybercriminal networks

    Finally, as part of our European Security Program we are expanding our partnerships with law enforcement and regional actors to proactively identify new and innovative ways to disrupt malicious and criminal activity.

    For instance, last month, Microsoft’s Digital Crimes Unit (DCU) worked with Europol and others to take down Lumma, a prolific infostealer malware used to steal passwords, financial data, and crypto wallets. In just two months, Lumma infected nearly 400,000 devices globally, many of them in Europe. The operation seized or blocked over 2,300 command-and-control domains. Off the back of this action, we are working with Europol to identify new opportunities to continue to meaningfully disrupt and deter cybercrime.

    Lumma-infected devices by country in Europe

    To accelerate future takedowns, we also launched the Statutory Automated Disruption (SAD) Program in April 2025. This initiative automates legal abuse notifications to hosting providers, enabling faster removal of malicious domains and IP addresses. Focused initially on Europe and the U.S., SAD raises the cost of doing business for cybercriminals and makes it harder for them to operate at scale.

    In addition, we’re working with local internet service providers to help remediate affected users and ensure governments have greater visibility into emerging threats.

    The DCU has long played a leading role in proactively combating cyber threats, including those originating from nation-state actors. Since 2016, Microsoft has filed seven legal actions to spotlight and disrupt nation-state threat actors from countries such as Russia, China, Iran, and North Korea, which we refer to internally by the weather-themed names Blizzard, Typhoon, Sandstorm, and Sleet, respectively. Most recently, in September 2024, Microsoft initiated a disruption action against the Russian actor Star Blizzard, mentioned above, known for hacking political targets surrounding UK’s 2022 elections and targeting NATO countries to advance its geopolitical interests involving Ukraine. Microsoft exposed the Russian actors and directly seized over 140 malicious domains in total, substantially blunting ongoing campaigns and forcing Star Blizzard to significantly alter its attack methods to other platforms, which Microsoft Threat Intelligence thereafter publicly exposed in a security blog. We will continue to act against those seeking to harm customers, governments, and individual users. These efforts are part of our broader strategy to partner with law enforcement across Europe. We are already working on coordinated disruptions to protect the digital ecosystem, and we stand ready to provide robust incident response services during crises, ensuring our partners and customers are never alone in the face of cyber adversity.

    We also believe that deterrence is a critical pillar of modern cybersecurity. The EU’s Cyber Diplomacy Toolbox plays a vital role in this effort, helping to coordinate crisis response and send a clear message that malicious activity will not go unanswered—legally, operationally, or reputationally.

    Taken together, operations like the Lumma disruption, the launch of SAD, and future coordinated disruptions are helping to prevent cybercriminals and state actors from establishing malicious infrastructure in Europe.

    * * *

    At Microsoft, our commitment to Europe is deep, enduring, and unwavering. We believe that Europe’s digital future is one of the most important opportunities of our time—and protecting that future is a responsibility we share. We will stand shoulder to shoulder with European governments, institutions, and communities to defend against threats, build capacity, and strengthen resilience. We are proud to be a trusted partner to Europe, and we will continue to work every day to earn trust through transparency, collaboration, and a steadfast commitment to protecting what matters most.

    Tags: Brad Smith, cybersecurity, Digital commitments, Europe

    MIL OSI Economics –

  • MIL-OSI Economics: How AI can support better customer experiences

    Source: Microsoft

    Headline: How AI can support better customer experiences

    CRM systems have come a long way since their inception in the 1990s. What began as digital rolodexes evolved over the decades to accommodate cloud hosting, mobile access, and integrations across an organization’s tech stack. But for many businesses, the core experience of using a CRM system hasn’t kept pace with the evolving expectations of modern customers, or the realities of the people managing those relationships.

    Legacy CRM systems often rely heavily on manual data entry. They’re difficult to adapt as businesses grow and are frequently designed more for reporting than for allowing sellers, marketers, and service teams to succeed in real time. While this might have sufficed when field reps had hours between customer visits or when service agents had time to type up detailed call notes, those conditions no longer exist.

    Discover a new AI-powered CRM solution with Dynamics 365 Sales

    Today’s customers do their homework. They research independently, engage across multiple digital channels, and expect seamless, personalized experiences. Meanwhile, customer-facing teams need tools that work in the flow of their day, not ones that add friction. Companies trying to meet these demands with yesterday’s systems are feeling the strain.

    With Microsoft Dynamics 365, organizations are embracing a modern, AI-first approach that redefines productivity and customer engagement. Embedded Microsoft Copilot capabilities help sellers and customer service agents work smarter by generating content, surfacing insights, and summarizing customer interactions.

    AI agents take this a step further, automating repetitive tasks and allowing teams to focus on what truly matters—building relationships and closing deals. In the near future, legacy CRM systems will become background systems, while AI-powered workflows will take center stage.

    Together, copilots and agents can accelerate your business outcomes. For example, imagine a sales rep preparing for a big client meeting. Copilot can pull together a summary of recent customer interactions, generate a tailored pitch based on account details, and suggest case studies that may be relevant to the customer. Meanwhile, an AI agent is working in the background, logging customer inquiries, triggering follow-up tasks, and updating the sales pipeline based on real-time interactions.

    Common CRM system challenges, and how an AI-first approach solves them

    Microsoft has worked with hundreds of companies navigating CRM system modernization, and while each journey is unique, several pain points come up time and again. Here’s a look at the most common challenges, and how organizations are overcoming them with Dynamics 365.

    The challenge: Disparate systems and data silos

    Legacy CRM systems often sit apart from the tools employees use every day. Sales leaders have to jump between systems to get a full view of the customer, resulting in time lost, inconsistent data, and disconnected experiences for both employees and customers.

    The solution: A unified platform

    Dynamics 365 provides a unified platform across sales, marketing, and service. It brings together internal and external data in one place through Microsoft Dataverse and connects with the Microsoft tools people already rely on, like Microsoft Teams, Outlook, and Microsoft Power BI. That means relevant insights are available in the flow of work and updates happen in real time, which can reduce manual effort and improve accuracy.

    The challenge: Lack of innovation

    Many organizations are trying to retrofit AI into systems that weren’t built for it. As a result, they miss out on the true potential of AI to personalize engagement, suggest next steps, and automate time-consuming work.

    The solution: AI integration

    Dynamics 365 is built with AI at its core. With embedded Copilot capabilities, sellers can draft emails, generate proposals, and summarize meetings based on real-time customer data. AI agents go even further by handling complete workflows, like qualifying leads or following up on customer inquiries. With tools like Sales Agent, Sales Chat, and Sales Qualification Agent, sales teams can scale their impact and focus on high-value interactions.

    The challenge: High total cost of ownership

    Legacy CRM systems often require costly add-ons, third-party integrations, and ongoing maintenance. The systems that once seemed quick to deploy become difficult to scale or adapt and drain resources instead of delivering value.

    The solution: Business value through consolidation

    Dynamics 365 consolidates capabilities on a single platform, reducing redundancy and unlocking efficiencies. Since it uses tools that many companies already use—like Microsoft 365, Microsoft Azure, and Power BI—organizations can get more from their existing investments.

    ABN AMRO, one of the largest banks in the Netherlands, embraced Microsoft Dynamics 365 Customer Service and Microsoft Dynamics 365 Sales and has lowered total cost of ownership for its customer engagement platform by up to 40%.

    Real-world results: What an AI-first CRM system looks like in action

    Companies that have made the leap to Dynamics 365 are already seeing measurable impact, including shortened sales cycles, improved responsiveness, and greater customer satisfaction.

    For instance, Lenovo, a global leader in technology solutions, used Dynamics 365 to build a unified global view of customer activity and power its digital sales transformation.

    “We’re seeing the benefit of having one standardized system and a global view to all geographies’ activities. This is the foundation for Lenovo’s sales digital transformation—enabling better connections and an increase in sales productivity and actionable insights.”

    Wei Bi, Business Strategy Senior Manager, Lenovo

    Lexmark, a global innovator in cloud-supported printing and internet of things (IoT) solutions, migrated from Salesforce to Dynamics 365 to streamline and modernize its sales operations.

    “We’ve been on the journey with Microsoft after moving from Salesforce to Dynamics 365 Sales. We’re excited to be one of the first customers to use Sales Qualification Agent and look forward to the ability to scale our sales team with agents and provide an exceptional experience to our customers.”

    Kyle Farmer, Vice President, Global Sales and Strategy, Lexmark

    Gardens Alive replaced its legacy CRM system with Dynamics 365 Customer Service, integrating voice, chat, and email channels through third-party connectors and unified routing. The result was a more than 7% improvement in customer service delivery.

    And the momentum continues. In our Fiscal Year 2025 Third Quarter Earnings, Satya Nadella stated: “When it comes to business applications, Dynamics 365 again took share as companies like Avaya, Brunswick, SoftCat, switched to (Dynamics 365) from legacy providers. Verizon, for example, chose Dynamics 365 Sales to improve the efficiency of its sellers”.

    More than a CRM system, Microsoft is a strategic resource in your transformation journey

    For CROs and CSOs, the decision to modernize CRM systems is about more than upgrading technology. It’s about unlocking new potential. Companies want more than just a vendor; they’re looking for a strategic partner to help them navigate change, scale intelligently, and lead with data and empathy.

    With Dynamics 365, Microsoft brings not only a powerful AI-first platform, but also a global ecosystem of expertise in sales, engineering, and business transformation. The result? A CRM system that’s intuitive, connected, and future-ready, so companies can deliver standout customer experiences and drive sustainable growth. 

    Ready to explore your own AI-first CRM system journey?

    Take a guided tour, see a demo, or start a free trial.

    MIL OSI Economics –

  • MIL-OSI Russia: European Commission approves Bulgaria’s transition to euro in 2026

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Brussels/Sofia, June 4 (Xinhua) — Bulgaria has met the criteria to adopt the euro as of January 1, 2026, making it the 21st member of the eurozone, the European Commission (EC) announced on Wednesday.

    The conclusion of the Commission’s 2025 Convergence Report, prepared at Bulgaria’s request, confirms that the country meets the four nominal convergence criteria required for adoption of the euro. The assessment also took into account broader economic indicators such as market integration and the balance of payments. The findings were also supported by a parallel report from the European Central Bank (ECB).

    Based on the conclusion, the European Commission proposed that the EU Council adopt a decision and a regulation on the introduction of the euro in Bulgaria. The final decision should be taken by the EU Council in the first half of July after consultations with the Eurogroup, the European Council, the European Parliament and the ECB.

    “This brings Bulgaria one step closer to adopting the euro,” said EC President Ursula von der Leyen, adding that eurozone membership would strengthen the country’s economy through increased trade, investment and access to finance.

    Bulgarian Prime Minister Rosen Zhelyazkov welcomed the positive assessment, calling it the result of years of reforms and coordination with other European partners. He is expected to make a formal statement later on Wednesday.

    Meanwhile, public opinion in Bulgaria remains divided on the issue. A recent poll by the Trend Research Center found that only 21 percent of respondents support switching to the euro in 2026, while 33 percent want to delay the introduction of the single currency and 38 percent reject the idea entirely. In recent weeks, protests have been held across the country demanding a referendum on keeping the national currency, the lev. –0–

    MIL OSI Russia News –

  • MIL-OSI Canada: Investor Alert: Impersonation Scam Uses Prime Minister Mark Carney’s Image and Fake News Articles to Target Saskatchewan People

    Source: Government of Canada regional news

    Released on June 4, 2025

    The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors in Saskatchewan of an impersonation scam on social media using fake news articles claiming that Prime Minister Mark Carney is endorsing the trading platform Canfirst.

    “Do not make investment decisions solely due to a notable figure endorsement,” FCAA Securities Division Executive Director Dean Murrison said. “Scammers can create fraudulent news articles that imitate the real media source. Before you consider investing with an entity, always check the registration status at aretheyregistered.ca and do not deal with any unregistered entities.”

    Canfirst claims to offer Saskatchewan residents trading opportunities, including stocks, cryptocurrencies and forex. 

    This alert applies to the online entity using the website “canfirst net” (this URL has been manually altered so as not to be interactive).

    Canfirst is not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan. The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses. 

    If you have invested with Canfirst, or anyone claiming to be acting on their behalf, contact the FCAA’s Securities Division at 306-787-5936.

    In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives. The registration provisions of The Securities Act, 1988, and accompanying regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.

    Tips to protect yourself:

    • Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators’ National Registration Search at aretheyregistered.ca.
    • Know exactly what you are investing in. Make sure you understand how the investment, product, or service works.
    • Get a second opinion and seek professional advice about the investment.
    • Do not allow unknown or unverified individuals to remotely access your computer.
    • Never make an investment decision based solely on a notable figure endorsement. Scammers often create fake news articles to mimic legitimate media.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Banking: Minutes of the Monetary Policy Committee meeting of 19 and 20 May 2025

    Source: Central Bank of Iceland

    In ac­cord­ance with the Mon­et­ary Policy Com­mit­tee Rules of Pro­ced­ure, the minutes of the Com­mit­tee’s most re­cent meet­ing have been pub­lished on the Bank’s web­site. The minutes are pub­lished two weeks after the an­nounce­ment of the Com­mit­tee‘s de­cision.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung Showcases the Future of Smart Living at Decorex Cape Town 2025

    Source: Samsung

    Decorex Cape Town returns from 5 to 8 June 2025 and Samsung invites visitors to step into the future of smart living with an immersive showcase that promises to redefine the home experience. At the heart of this year’s exhibition, Samsung will highlight visionary innovations that blend technology, design, and lifestyle, transforming everyday spaces into intelligent, connected environments.
     
    Samsung’s Visionary Innovation at Home
    Samsung continues to lead the in intelligent living with SmartThings, its revolutionary ecosystem that integrates internet-powered devices and appliances for seamless, intuitive control. Visitors to the Samsung stand will discover how SmartThings anticipates their needs, adapts settings automatically, and brings unprecedented convenience and peace of mind to the home.
     
    Discover What’s New
    This year’s Decorex debut features Samsung’s latest product innovations that set new benchmarks in smart living. From sleek, AI-driven Bespoke appliances for kitchens and laundry rooms providing elegant, design-forward style, to interactive displays showcasing next-level connectivity. Visitors can see, touch, and experience the future first-hand.
     

     
    Immersive Viewing Redefined in Latest TVs and Monitors
    Samsung will also debut its latest range of Neo QLED 8K and OLED TVs, delivering unrivalled picture quality, AI-enhanced upscaling, and ultra-slim designs that blend seamlessly into modern interiors. Alongside these, Samsung’s Smart Monitors and ViewFinity series redefine hybrid living and working, with features like built-in entertainment apps, remote PC access, and USB-C connectivity. Whether upgrading your living room or enhancing a home office, these cutting-edge displays offer the perfect balance of productivity, entertainment, and design-forward elegance.
     

     
    SmartThings Ecosystem: Connected Convenience Redefined
    More than just smart tech, SmartThings represents an entire lifestyle ecosystem. Samsung’s hands-on demonstrations will reveal how users can effortlessly control their homes – intelligently linking Samsung’s devices that anticipate daily routines and personal preferences.
     
    Bespoke AI Living: Where Design Meets Intelligence
    Samsung’s Bespoke range transforms the home with appliances that don’t just perform, but adapt to individual lifestyles and patterns. These intelligent solutions elevate everyday tasks into refined experiences, blending sustainable living with personalisation and cutting-edge AI to create homes that are truly tailored to you.
     

     
    Design Meets Technology
    At Decorex, Samsung will showcase how innovation is inseparable from design. Marrying sleek aesthetics, beautiful designs with sustainable technology. Samsung’s home solutions are built to complement and enhance contemporary living spaces. This fusion of form and function perfectly aligns with Decorex’s celebration of lifestyle, design, and innovation.
     
    From tech enthusiasts to homeowners, art and design lovers, Samsung’s Decorex Cape Town 2025 stand offers an inspiring glimpse into the homes of tomorrow. Join us from 5 – 8 June and discover how technology is evolving to create smarter, more beautiful, and more connected living spaces – designed around you.

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Major £4 billion technology investment accelerates UK defence innovation in a European first

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Major £4 billion technology investment accelerates UK defence innovation in a European first

    More than £3 billion drive towards autonomous systems to shape UK military future and boost export potential, supporting the Plan for Change

    UK troops and warships will be protected by drone and laser weapon technology through a major £4 billion investment, as the UK seeks to become the leading edge of innovation in NATO under the Strategic Defence Review (SDR) and driven by lessons from Ukraine. 

    The major funding package includes more than £3 billion for autonomous systems and a further investment of nearly £1 billion for Directed Energy Weapons (DEW) this Parliament – including the iconic DragonFire laser – boosting frontline capabilities while creating 300 skilled jobs across the country. 

    DragonFire is set to be the first high power laser capability entering service from a European nation, with the first Royal Navy Type 45 destroyer due to be fitted in 2027.  

    The SDR recommends that an immediate priority for force transformation should be a shift towards greater use of autonomy. To help achieve this, it says Defence must incorporate uncrewed and autonomous systems in high numbers over the next five years and make targeted investment in the development of novel directed energy weapons.  

    Today’s autonomous systems investment – of which more than £2 billion is new funding following the Government‘s historic uplift in defence spending to 2.5% of GDP from 2027– will see autonomous systems, including drones improve accuracy and lethality for our Armed Forces, and boost UK export potential. 

    It comes after major announcements ahead of the SDR publication, including: the building of up to a dozen new attack submarines for the Royal Navy; up to 7,000 new UK-built long-range weapons to procured; at least six new munitions and energetics factories in the UK; more than £1.5 billion to improve the state of military housing; and more than £1 billion for pioneering technology to spearhead battlefield engagements.

    The new DEW capabilities will give the UK an edge, creating low cost and sustainable alternatives to missiles to shoot down targets, such as drones, at the speed of light, reduce collateral damage and have a low-cost per shot, reducing reliance on expensive ammunition.   

    The systems will be tailored to the conditions in which they will operate – whether at sea, on land, or in the air – and will work alongside crewed assets, such as current and future fighter jets.  

    Both investments reflect the SDR’s vision for UK innovation to be driven by the lessons from Ukraine – harnessing drones, data and digital warfare to make our Armed Forces stronger and safer. 

    The SDR sets a path for the next decade and beyond to transform defence and make the UK secure at home and strong abroad. It ends the hollowing out of our Armed Forces and will also drive innovation, jobs and growth across the country, allowing the UK to lead in a stronger NATO as part of this Government’s Plan for Change.  

    Defence Secretary, John Healey MP said:

    These investments will mean the most significant advance in UK defence technology in decades. We will ensure our Armed Forces have the cutting-edge capabilities they need to meet the challenges of a rapidly changing world.

    We are delivering the Strategic Defence Review’s vision to put the UK at the leading edge of innovation in NATO, by backing British industry and fast-tracking the kit of the future into the hands of frontline troops.

    This Government’s Plan for Change will harness the benefits of technology, create hundreds of new jobs and make defence a powerful engine for economic growth.

    Chancellor of the Exchequer, Rachel Reeves said:  

    A strong economy needs a strong national defence. That’s why we are delivering the biggest sustained increase in defence spending since the Cold War—putting innovation and industrial strength at the centre of our national security strategy.

    Additional funding for autonomous systems maximises the defence industry’s potential to drive long term economic growth and productivity – helping us deliver our Plan for Change while keeping the UK safe.

    A new DEW will be created for the British Army this decade, alongside DragonFire being integrated on four Royal Navy warships, with the first ship due to be fitted in 2027, forming part of a layered air defence system to better protect UK forces while reducing collateral damage and reducing reliance on expensive ammunition. 

    DEW technology already supports 200 high-skilled UK jobs, with a further 300 positions to be created across the Ministry of Defence and industry partners. It’s another example of defence as an engine for UK economic growth, delivering on the Plan for Change.  

    In addition, a new Drone Centre will be established to accelerate exploitation of small, uncrewed air systems across all three military services, helping to deliver them to the front line faster.   

    The Centre will provide a central knowledge base to tackle any emerging legislative changes, develop best practice and better manage the interaction with industry. Crucially, it will apply battlefield lessons from Ukraine where drones now kill more people than traditional artillery. Detailed organisational arrangements will be developed over the coming months. 

    During the SDR process, 1,700 individuals, political parties, and organisations submitted more than 8,000 responses. 200 companies provided written contributions, more than 120 senior experts took part in the review and challenge panels, and nearly 50 meetings took place between the Reviewers and our senior military figures.

    Updates to this page

    Published 2 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Amneal Pharmaceutical LLC Issues a Nationwide Recall of Sulfamethoxazole / Trimethoprim Tablets, USP, 400 mg/80 mg Only, Due to Microbial Contamination

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    June 02, 2025
    FDA Publish Date:
    June 04, 2025
    Product Type:
    Medical Devices
    Reason for Announcement:

    Recall Reason Description
    Microbial contamination

    Company Name:
    Amneal Pharmaceutical LLC
    Brand Name:

    Brand Name(s)
    Amneal

    Product Description:

    Product Description
    Sulfamethoxazole/Trimethoprim Tablets, USP, 400 mg/80 mg

    Company Announcement
    Amneal Pharmaceutical LLC, is recalling three lots of Sulfamethoxazole/Trimethoprim Tablets, USP, 400 mg/80 mg to the consumer level as the tablets may exhibit black spots on the tablet surface due to microbial contamination. The observance of black spots was reported in a product quality complaint.
    Risk Statement: Oral products contaminated with Aspergillus may result in serious and life-threatening infections. The use of the defective product in patients with underlying immunosuppressive conditions increases the concern for serious infections. To date, Amneal Pharmaceuticals has received no reports of adverse events, illnesses or injuries related to this recall.
    The recalled product was distributed nationwide to wholesalers/distributors between the dates of 12/4/2024 to 5/15/2025 only.The product is indicated for the treatment of Urinary tract infections caused by susceptible strains of the following organisms: Escherichia Coli, Klebsiella species, Enterobacter species, Morganella morganii, Proteus mirabilis and Proteus vulgaris.  Acute otitis media in pediatric patients. Acute exacerbations of chronic bronchitis due to susceptible strains of Streptococcus pneumoniae. Enteritis caused by susceptible strains of Shigella flexneri and traveler’s diarrhea in adults. 
    Sulfamethoxazole/Trimethoprim Tablets, USP, 400 mg/80 mg is packaged in 100 tablet count and 500 tablet count bottles. This recall pertains only to the 400 mg/80 mg strength and only to the listed Lots below. The lot number can be found on the Amneal bottle label or consult your pharmacy if you received a pharmacy vial. No other Sulfamethoxazole/Trimethoprim Tablets, USP, 400 mg/80 mg lots are impacted.

    Lot Number
    NDC Number
    Expiration date
    Date of First Distribution
    Bottle Pack Size

    AM241019
    65162-271-10
    06/2027
    12/4/2024
    100 count

    AM241019A
    65162-271-50
    06/2027
    12/4/2024
    500 count

    AM241020
    65162-271-10
    06/2027
    12/4/2024
    100 count

    Amneal is notifying its customers by UPS and is arranging for return of all recalled products. Wholesalers/distributors are being asked to notify their customers of the recall and provide instructions to contact Amneal for the return of the recalled products to Amneal. Retailers are being asked to notify their customers and instruct consumers to contact Amneal directly for assistance with return of any recalled product and reimbursement information.
    Individuals with questions regarding this recall can contact Amneal Pharmaceuticals by: 

     For Medical Inquiries or to report Adverse Events, or quality problems experienced with the use of this product, please contact Amneal Drug Safety by phone at 1-877-835-5472, Monday – Friday, 8:00 am – 6:00 pm, EST, or e-mail at DrugSafety@amneal.com. 
    Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail or by fax.

    Complete and submit the report Online
    Regular Mail or Fax: Download form or call 1- 800-332-1088 to request a reporting form, then complete and return to the address on the pre-addressed form, or submit by fax to 1-800-FDA-0178

    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

    Company Contact Information

    Product Photos

    Content current as of:
    06/04/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Governor Stein Announces Amazon Plans to Invest $10 Billion in North Carolina for AI Infrastructure

    Source: US State of North Carolina

    Headline: Governor Stein Announces Amazon Plans to Invest $10 Billion in North Carolina for AI Infrastructure

    Governor Stein Announces Amazon Plans to Invest $10 Billion in North Carolina for AI Infrastructure
    lsaito

    Raleigh, NC

    Today Governor Josh Stein announced that Amazon is planning to invest $10 billion to launch a new high-tech cloud computing and artificial intelligence (AI) innovation campus in Richmond County, creating at least 500 new high-paying, high-tech jobs. 

    “Artificial intelligence is changing the way we work and innovate, and I am pleased that North Carolina will stay at the forefront of all that’s ahead as we continue to attract top technology companies like Amazon,” said Governor Josh Stein. “Amazon’s investment is among the largest in state history and will bring hundreds of good-paying jobs and an economic boost to Richmond County.”

    Amazon Web Services (AWS) is the world’s most comprehensive and broadly adopted cloud computing solution, and its data centers enable customers of all sizes and across all industries, such as automotive, health care, manufacturing, financial services, public sector, and more, to transform their businesses. The new data centers will contain computer servers, data storage drives, networking equipment, and other forms of technology infrastructure used to power cloud computing capabilities and generative AI technologies. North Carolina’s business-friendly environment, abundance of infrastructure resources, availability of skilled labor, and growing technology sectors made it a natural hub for building world-class data center infrastructure.

    “Amazon’s $10 billion investment in North Carolina underscores our commitment to driving innovation and advancing the future of cloud computing and AI technologies,” said David Zapolsky, Amazon’s Chief Global Affairs and Legal Officer. “This investment will position North Carolina as a hub for cutting-edge technology, create hundreds of high-skilled jobs, and drive significant economic growth. We look forward to partnering with state and local leaders, local suppliers, and educational institutions to nurture the next generation of talent.”

    “I am excited for Amazon’s $10 billion investment in our community,” said Senator David Craven. “This project will bring hundreds of good-paying jobs and significant investment to our area for many years to come.”

    “Richmond County is delighted to welcome Amazon to our community,” said Representative Ben Moss. “The new jobs created by this facility will change hundreds of lives for the better. Rural communities like ours can lead the way in technology advancements, including artificial intelligence, which is an ever-increasing presence in the world.”

    “The Richmond County, NC Board of County Commissioners, is pleased to announce and welcome Amazon as our newest corporate partner,” said Richmond County Board of Commissioners Chairman Rick Watkins. “Their selection of the Energy Way Industrial Park represents the largest Cap-ex investment in the history of North Carolina and will serve as a catalyst to transform the local economy, provide high paying jobs for citizens, and improve the quality of life for all residents. We stand ready to work together with Amazon as they continue to build capacity and innovate their cloud computing platform. Working together, our possibilities are limitless!    

    Jun 4, 2025

    MIL OSI USA News –

  • MIL-OSI: Atana Wins Two Gold at the 5th Annual 2025 Globee® Awards for Disruptors

    Source: GlobeNewswire (MIL-OSI)

    BELLEVUE, Wash., June 04, 2025 (GLOBE NEWSWIRE) — Seeking to redefine workplace culture and training, Atana is proud to announce that it has been named the gold winner of the Data-Driven Innovation Disruptor and the Corporate Training Program Disruptor awards at the 5th Annual 2025 Globee® Awards for Disruptors. The prestigious global recognition honors companies like Atana that challenge the status quo and drive meaningful transformation across industries.

    “The 2025 winners represent the spirit of disruption that’s shaping the future of business,” said San Madan, President of the Globee® Awards. “These innovators are not just responding to change—they are creating it.”

    Renowned for its ability to turn awareness into action, Atana has won six awards in the last year. Designed to maximize learner engagement and optimize return on investment, Atana’s solutions are built around its proprietary behavioral analytics engine. This enables teams to measure the impact of training and identify areas where additional initiatives are needed.

    “In today’s continually evolving climate, creating positive, respectful workplaces directly corresponds with tangible business outcomes, including employee engagement and retention,” said Atana CEO John Hansen. “In support of this, Atana’s award-winning solutions combine coursework and advanced analytics that challenge traditional training methods and deliver real results.”

    This Friday, June 6, Hansen will present “Developing and Enabling an Inclusive, Respectful Workforce” at 10:30 a.m. CT during HR Summer School. For more information about this complimentary event, including registration details, please visit https://hrsummerschool.org.

    Learn more about Atana and its award-winning solutions at https://www.atana.com.

    About Atana

    Bringing together decades of experience, award-winning courses, and a powerful analytics platform, Atana takes learners from best intentions to actionable and measurable behavioral change at scale. With Atana, employers can build more inclusive workplaces through engaging content and science-backed learning and development. For more information, please visit atana.com.

    The MIL Network –

  • MIL-OSI Russia: The establishment of an ecological compensation mechanism for the Yangtze and Yellow Rivers is planned to be completed by 2027

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 4 (Xinhua) — China will establish a unified inter-basin ecological compensation mechanism for the main rivers of the Yangtze and Yellow Rivers by 2027 as part of a broader effort to improve water management, the Ministry of Finance announced Wednesday.

    According to a plan jointly released by the ministry and four other government departments, the mechanism will be extended to main channels and major tributaries of key river basins including the Yangtze and Yellow Rivers by 2035.

    Compensatory measures will become richer in content, more diverse in methods, improved in standards and mature in mechanisms.

    The central government will actively play a coordinating and guiding role in the implementation of this mechanism, rationally determining compensation indicators and funding volumes to ensure that they correspond to the situation with the protection of the aquatic ecological environment and an acceptable burden on local budgets.

    China first unveiled plans to establish compensation mechanisms for the Yangtze and Yellow Rivers in 2021 and 2020, respectively. Since then, the country has made significant progress in preserving and restoring the ecology of these rivers.

    For example, the Yangtze River Basin has seen a recovery in aquatic biodiversity since a 10-year fishing ban was imposed in 2020. According to the Ministry of Agriculture and Rural Affairs, 344 native fish species were recorded in the river between 2021 and 2024, 36 more than in the 2017-2020 period before the ban took effect.

    The Yellow River, China’s second-longest waterway, has also seen steady environmental improvements, including improved water security and environmental quality. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: In the first five months of 2025, the volume of gold purchases by the Central Bank of Mongolia decreased by 29.3 percent.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    ULAN BATOR, June 4 (Xinhua) — The Central Bank of Mongolia’s gold purchases fell by 29.3 percent in the first five months of this year compared to the same period last year, the regulator’s press service said on Wednesday.

    During the specified period, the Central Bank of Mongolia purchased 4.3 tons (more than 151 thousand ounces) of gold from legal entities and individuals, the official statement noted.

    As of May, the Central Bank of Mongolia’s gold buying rate was around US$105 per gram, in line with the low rate on the London Metal Exchange.

    The purchase of gold is one of the regulator’s most important instruments, promoting economic stability through the gradual increase of the country’s gold and foreign exchange reserves.

    According to the latest data from the Central Bank, Mongolia’s foreign exchange reserves reached US$5.135 billion in the first quarter of 2025. –0–

    MIL OSI Russia News –

  • MIL-OSI: 74Software joins Euronext Tech Leaders, the initiative for high-growth and leading Tech companies

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    74Software joins Euronext Tech Leaders, the initiative for high-growth and leading Tech companies

    Paris, June 4, 2025 – 74Software is delighted to announce its inclusion in the Euronext Tech Leaders segment, an initiative dedicated to supporting high-growth and leading tech companies. This significant recognition validates the continuous commitment of the company to excellence in entreprise software development and its contribution to digital innovation for nearly 25 years.

    Launched in June 2022, the Euronext Tech Leaders initiative is backed by a strong network of partners and aims to highlight high-growth and leading tech companies listed on Euronext markets. It features a segment of 110 European companies, an index tracking their performance, and a dedicated programme of services and visibility opportunities designed to support them throughout their listing journey.

    This announcement follows the 2025 annual review of the Euronext Tech Leaders segment, which saw eight new companies added across diverse sectors including Aerospace & Defence, Biotech, Cleantech, Hardware and Software.

    In addition to joining the Euronext Tech Leaders Index, members benefit from a range of services and exclusive access to investor forums and conferences across Europe, providing valuable networking opportunities.

    For more information on the criteria for inclusion in the Euronext Tech Leaders segment, please visit the Euronext Tech Leaders criteria.

    74Software looks forward to the opportunities this inclusion brings and to leveraging the resources and network provided by the Euronext Tech Leaders initiative to accelerate growth and innovation in the tech sector.

    About 74Software

    74Software is an enterprise software group founded through the combination of Axway and SBS – independently operated leaders with unique experience and capabilities to deliver mission-critical software for a data driven world. A pioneer in enterprise integration solutions for 25 years, Axway supports major brands and government agencies around the globe with its core line of MFT, B2B, API, and Financial Accounting Hub products. SBS empowers banks and financial institutions to reimagine tomorrow’s digital experiences with a composable cloud-based architecture that enables deposits, lending, compliance, payments, consumer, and asset finance services and operations to be deployed worldwide. 74Software serves more than 11,000 companies, including over 1,500 financial service customers. To learn more, visit 74Software.com

    Contacts – Investor Relations:

    Arthur Carli – +33 (0)1 47 17 24 65 – acarli@74software.com
    Chloé Chouard – +33 (0)1 47 17 21 78 – cchouard@74software.com

    Attachment

    The MIL Network –

  • MIL-OSI Africa: Parliament updated on work undertaken to set up Transformation Fund

    Source: South Africa News Agency

    The establishment of the R100 billion Transformation Fund marks a significant step towards addressing the historical funding gaps that have hindered the growth of black-owned businesses in South Africa.

    This is according to the Acting Deputy Director-General (DDG) of Transformation and Competition at the Department of Trade, Industry and Competition, Susan Mangole.

    She was part of a delegation led by the Deputy Minister of Trade, Industry and Competition, Zuko Godlimpi, who briefed the Portfolio Committee on Trade and Industry during a virtual meeting on the work the department has undertaken so far to set up the fund.

    READ I Transformation Fund to drive inclusive economic growth

    In March, the department published a draft concept document on the Transformation Fund and called for public comments in a period that ended on 28 May 2025. The department further undertook a public engagement process which targeted different stakeholders to elicit their inputs into the document. 

    During the briefing, Mangole emphasised that the fund does not seek to bring additional tax burdens on businesses or any other requirements beyond mechanisms that already exist in line with the Section 11(2)(b) of the Broad-Based Black Economic Empowerment (B-BBEE) Act 2003. 

    “The Transformation Fund will be anchored by the B-BBEE policy provisions and therefore the R100 billion over the next five years will be sourced from the Competition Commission’s public interest commitments, Enterprise and Supplier Development (ESD) funds, Equity Equivalent Investments from multinational companies, and other government funding initiatives,” Mangole said.

    In her presentation, Mangole highlighted some of the inputs received during the window of the public participation process and indicated the department is currently reviewing them.

    “Some of the comments and inputs received include a call for clarity on how the fund will work with existing ESD funds, particularly those that are well functioning, a clear transformation index on how to measure the impact of the fund and that it must be complemented by compliance by big corporations in terms of market access, technical skills development, infrastructure development and support, and other non-financial support,” Mangole said.

    She added that a partnership between government and the private sector in administering the fund and an oversight committee consisting of nine members from both sides will be established to provide oversight in the running of the fund. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: HSRC calls on businesses to participate in innovation surveys

    Source: South Africa News Agency

    The Human Sciences Research Council (HSRC), on behalf of the Department of Science, Technology and Innovation, is calling on South African businesses to participate in two of its business innovation surveys, starting on 5 June 2025, across all nine provinces.

    The South African Business Innovation Survey (BIS) and the Agricultural Business Innovation Survey (AgriBIS) will gather crucial data on how firms in the industry, services, and agriculture sectors are innovating. 

    “In a dynamic and challenging economic landscape, with rising input costs, funding constraints, and shifts in global trade dynamics, understanding how, why, and when businesses do not innovate is ever more vital. 

    “The data intends to support evidence-based policymaking and at the same time allow businesses to benchmark their innovation activity and outputs relative to their industry,” a statement issued by the council said. 

    According to the Executive Head of the HSRC’s Centre for Science, Technology and Innovation Indicators (CeSTII), Dr Glenda Kruss, South Africa has not made significant progress in transforming the structure of its economy to sustainably generate higher incomes and wealth for all. 

    “Economists propose the need for building dynamic sectoral clusters, which can link skills development, build technological capabilities such as design, testing, and prototyping, and support firms to pool resources, create economies of scale, and develop markets.

    “Understanding South African firms’ innovation and technological capabilities provides critical data to inform collective action, towards public and private investment that can promote our own dynamic sectoral clusters,” said Kruss.

    Businesses will be contacted to find out information about what innovations took place during the period 2022–2024, how innovations occur at the firm level, and what can be done to enhance innovation and production capabilities.

    Department of Science, Technology and Innovation’s Chief Director for Science and Technology Investments, Kgomotso Matjila, leads the department’s team responsible for commissioning the surveys. 

    “To grow an inclusive economy in South Africa, that is also productive and competitive, we need to design and provide the right kinds of support to incentivise and stimulate innovation investments by firms. For this, our national innovation surveys are an essential source of evidence,” said Matjila.

    Fieldwork for both surveys will be conducted by HSRC’s partner, Sigma Kairos Research and Consulting. 

    Their fieldworkers will contact business leaders and managers to complete the surveys online or via telephone interview.

    The HSRC extends its sincere thanks in advance to the South African business community, as we all work together to expand innovative solutions to drive structural change and shape the future of South Africa’s economy. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: SIU secures preservation order to freeze Midstream Estate property

    Source: South Africa News Agency

    The Special Investigating Unit (SIU) has secured a preservation order from the Special Tribunal to freeze an immovable property located at Midstream Estate, in Gauteng.

    This is pending the finalisation of civil proceedings into the alleged misuse of funds allocated by the National Lotteries Commission (NLC).

    The order interdicts Israel Mathibe, Smart Safety PPE and any other party from selling, disposing, leasing, encumbering (including by granting rights of retention), transferring, donating or dealing in any manner whatsoever to the immovable property.

    The SIU said their investigation revealed that funds intended for community projects, including agricultural development and old-age homes, were diverted to purchase the property through a network of non-profit companies (NPCs) and private entities.

    SA Youth Movement NPC received R23 million for old age homes in rural provinces, but later paid R1.6 million to Smart Safety PPE, which contributed R1.6 million to the property purchase.

    Malusi We Sizwe NPC received R13 million for an agricultural project in KwaZulu-Natal but transferred R896 980 to Trizaflo (Pty) Ltd, which then paid R2.1 million toward the property.

    The property was registered under Smart Safety PPE, with Alfred Mzwakhe Sigudhla the then director of Smart Safety PPE, signing key transaction documents.

    Sigudhla, who is cited in the Tribunal order, serves as the Chairperson of the SA Youth Movement NPC, which received R23 million from the NLC for old age homes in rural provinces. 

    He signed the grant agreement on 15 September 2017, and a diversion for an additional R7.5 million on 21 May 2019, despite a lack of proof of project delivery.

    In October 2018, he signed as a Director of Smart Safety PPE in bank agreements and later remained an “interested party” on the company’s bank account after being replaced by another Director. 

    Additionally, he authorised payments amounting to R1.6 million from SA Youth Movement NPC to Smart Safety PPE, which were used to purchase the Midstream property, for which he signed the offer to purchase on 23 October 2019 on behalf of Smart Safety PPE.

    “The order of the Special Tribunal is part of implementing SIU investigation outcomes and consequence management to recover financial losses suffered by State institutions because of corruption or negligence. 

    “The order forms part of a broader investigation into corruption involving NLC grants intended for community development projects,” the SIU said.

    The SIU is empowered to institute a civil action in the High Court or a Special Tribunal to correct any wrongdoing uncovered during investigations caused by corruption, fraud, or maladministration. 

    In line with the Special Investigating Units and Special Tribunals Act 74 of 1996, the SIU refers any evidence pointing to criminal conduct it uncovers to the National Prosecuting Authority (NPA) for further action. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Spaza Shop Support Fund information session to be held in Limpopo

    Source: South Africa News Agency

    Limpopo spaza shop owners will get an opportunity to learn more about how they can access financial and non-financial support from the Spaza Shop Support Fund at an interactive session at the George Phadagi Town Hall, in Thohoyandou, on Friday.

    The session is part of a countrywide campaign aimed at creating awareness about the Spaza Shop Support Fund. 

    The campaign, which began in KwaZulu-Natal last month, is hosted by the Department of Trade, Industry, and Competition (the dtic) and the Department of Small Business Development (DSDB). 

    The R500 million fund was launched by the Minister of Trade, Industry and Competition, Parks Tau, and the Minister of Small Business Development, Stella Ndabeni-Abrahams, in Soweto, on 8 April 2025. 

    The national education and awareness campaign is being held in partnership with the Small Enterprise Development and Finance Agency (SEDFA) and the National Empowerment Fund (NEF), the agencies of the DSBD and the dtic, respectively, which will be responsible for administering the fund. 

    The interactive session with spaza owners in the Vhembe District Municipality will be an opportunity to learn more about how to apply for the fund and which requirements will they be expected to comply with.

    According to Minister Tau, government is taking a concrete step to formalise and empower the informal sector with the fund. 

    Tau said supporting spaza shops would enable entrepreneurs, often women and young people, to participate fully in the economic process.

    “These small businesses generate employment, drive local commerce, and channel much-needed income into communities that have long been underserved. Studies show that small businesses account for a significant portion of job creation in South Africa. 

    “By providing spaza shop owners with financial support, infrastructure upgrades, and essential business training, we are setting the stage for sustainable job creation,” Tau said.

    Minister Ndabeni said the role played by Sedfa and NEF was truly appreciated and that the department believed this fund would go a long way in assisting shop owners that are registered and have operating permits.

    “Our partnership ensures that spaza shop owners are not only funded but are also trained, mentored, and integrated into reliable supply chains. This is about building long-term sustainability for township retail,” Ndabeni said.

    The aim of the fund is to support South African-owned township community convenience shops, including spaza shops, to increase their participation in the townships and rural areas’ retail trade sector and to provide critical financial and non-financial support to township businesses, including community convenience stores and spaza shops.

    The fund also provides various types of support including the initial purchase of stock via delivery channel partners, upgrading of building infrastructure, systems, refrigeration, shelving and security, as well as training programmes which includes Point of Sale devices, business skills, digital literacy, credit health, food safety, business compliance. 

    The fund also seeks to bolster the broader supply chain by fostering partnerships with local manufacturers, black industrialists and wholesalers. 

    Through bulk purchasing arrangements and the promotion of locally produced goods, spaza shops will benefit from reduced costs and increased access to quality products. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: International Islamic Trade Finance Corporation (ITFC)’s 2024 Annual Report Highlights Record Trade Support, Empowering Organisation of Islamic Cooperation (OIC) Economies and Expanding Global Impact

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

    JEDDAH, Saudi Arabia, June 4, 2025/APO Group/ —

    The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, is proud to announce the release of its 2024 Annual Report, titled “Reaching New Frontiers.” The report captures a landmark year showcasing a period of transformative growth, expanded geographic reach, record trade finance approvals, and strengthened commitments to sustainable and inclusive development across its Member Countries.  

    In 2024, ITFC demonstrated agility and resilience amidst persistent geopolitical and economic challenges, prioritizing trade finance, facilitation, and trade development to support member countries’ national development agendas. 

    Highlights from the 2024 Annual Report 

    Record Trade Finance Approvals 

    • In 2024, ITFC approved a total of US$ 7.3 billion in trade finance across 110 operations in 26 countries. Of this amount, US$ 6.7 billion was successfully disbursed 
    • Notably, 38% of the approved financing was directed toward Least Developed Member Countries (LDMCs), underscoring ITFC’s commitment to inclusive development 
    • Furthermore, 41% of the total portfolio, equivalent to US$ 3 billion, was allocated to non-energy sectors such as agriculture, healthcare, and financial services 
    • ITFC successfully mobilized US$ 4.2 billion through Islamic syndications in 2024, representing 57% of its total trade finance approvals. 

    Accelerating Intra-OIC Trade 

    • A total of US$ 4.85 billion was dedicated to promoting trade among OIC member countries, marking a 6.5% increase compared to 2023 
    • These intra-OIC trade approvals accounted for 67% of ITFC’s total trade finance operations, reinforcing the Corporation’s role in fostering regional economic integration and cooperation 

    Strengthening the Private Sector 

    • In a continued effort to support private sector growth, ITFC provided US$ 1.2 billion in financing, reflecting a 14% increase over the previous year 
    • This support reached 47 financial institutions and included engagements with 19 new clients across Africa, the Middle East, and Central Asia 

    Delivering on Food Security Commitments 

    • To address food insecurity, ITFC approved US$ 1.75 billion in financing for agriculture and food-related operations across 10 OIC countries  
    • Since the launch of the IsDB Group’s Food Security Response Program (FSRP) in 2022, ITFC has mobilized US$ 4.73 billion in food security financing, exceeding its initial commitment of US$ 4.5 billion. 
    • ITFC financing has helped Member Countries secure stable supplies of essential food commodities, reduce price volatility, and support agricultural resilience. 
    • In Tajikistan alone, ITFC’s food security financing contributed to reaching over 200,000 households—benefiting nearly 900,000 individuals—by ensuring access to staple goods such as wheat, sugar, and edible oil. 

    Sustainability Milestone 

    • ITFC launched its first Environmental and Social (E&S) Policy in October 2024 
    • The policy rollout included a 10-year E&S action plan, a 5-year carbon reduction strategy, and strengthened governance to embed ESG principles across all operations 

    The report also highlights that the Corporation was ranked at the top as Mandated Lead Arranger and Bookrunner in global Islamic syndications by both Refinitiv and Bloomberg, a reflection of its global leadership and strong investor confidence.  

    Additionally, the 2024 Annual Report spotlights the achievements of ITFC’s flagship programs: 

    • The Arab Africa Trade Bridges (AATB) Program actively supported the development of regional value chains by hosting targeted B2B meetings and launching Africa’s first textile and leather standards program, paving the way for improved quality and competitiveness across the continent 
    • The Aid for Trade Initiative for the Arab States (AfTIAS 2.0) Program saw the implementation progress on 21 ongoing projects across Arab States, with a strategic focus on job creation, trade facilitation, and export development. These initiatives continue to empower local economies and enhance regional trade capacity 
    • Trade Connect Central Asia+ (TCCA+): ITFC advanced regional integration among six Central Asian countries through projects that promote agri-business development, investment attraction, and food security, strengthening economic ties and resilience in the region 
    • The Global SMEs Program expanded its footprint in West Africa and officially launched in Cameroon, enhancing access to trade finance and advisory services for small and medium-sized enterprises and fostering inclusive economic growth 

    In addition to its flagship programs, ITFC delivered a diverse range of integrated trade solutions and targeted interventions in 2024 that reflect its holistic development approach. Through tailored capacity-building programs, reverse linkage initiatives, and trade facilitation tools, ITFC addressed specific needs across sectors such as energy, agriculture, finance, and trade policy. Highlights include the Indonesian Coffee Export Development Program enhancing sustainable farming practices; capacity-building workshops on Islamic finance in Nigeria, Tajikistan, and Azerbaijan; technical support to Togo and Mali’s electricity sectors; and the rollout of electronic Certificates of Origin to boost cross-border trade in West Africa.  

    With an eye on the future, ITFC remains steadfast in its commitment to addressing the evolving priorities of its Member Countries. By driving innovation, strengthening strategic partnerships, and delivering high-impact trade finance solutions, the Corporation is poised to chart new frontiers and accelerate progress toward sustainable and inclusive development across the OIC region. 

    Read the full English version here- https://apo-opa.co/3T78A0R 

    Read the full Arabic version here- https://apo-opa.co/3FMasch

    MIL OSI Africa –

  • MIL-OSI Banking: Why services can’t realistically be tariffed and shouldn’t be 

    Source: International Chamber of Commerce

    Headline: Why services can’t realistically be tariffed and shouldn’t be 

    In today’s digital economy, cross-border services are essential to how businesses operate, grow and compete. But while goods have long been subject to customs tariffs, applying tariffs to services would be both impractical and create significant legal, operational, and economic risks. 

    This is because services are fundamentally different from goods, making them virtually unworkable to tax at borders. Unlike physical products that customs agents can see and inspect, services are intangible—think of things like consulting, software, or design work—that often cross borders digitally or through the movement of people, rather than in shipping containers.  

    This creates multiple challenges: there is no clear moment when a service ‘enters’ a country, no global classification system comparable to the Harmonized System for goods, and no consistent method to assess what should be taxed.   

    Even when governments try to tax cross-border services – such as digital services taxes (DSTs) or withholding regimes – they face legal challenges, high enforcement costs, and risks of international retaliation, as these approaches often violate established rules or conflict with trade and tax agreements. 

    In contrast, some countries have opted for a more neutral approach by applying VAT to cross-border services—treating domestic and foreign providers equally.  

    Beyond feasibility, there is also a strong economic argument to be made against tariffs on services. Services account for more than half of global trade on a value-added basis and are vital enablers of productivity, innovation, and inclusion. Imposing tariffs would raise costs, fragment global supply chains, and disproportionately harm MSMEs and developing economies that rely on affordable cross-border services to grow and compete, including legal advice, design, IT support and marketing.  

    Tariffs on services would also increase compliance burdens and administrative costs for governments, requiring entirely new systems to monitor digital transactions, register providers, and audit contracts.  

    Exporters would not be spared either: many countries are net exporters of services in areas like finance, education, and media. Tariff measures could trigger retaliation and reduce market access for these firms. 

    In short: services can’t realistically be tariffed – and they shouldn’t be. Instead, policymakers should:  

    • Reaffirm multilateral norms by supporting the continuation of the WTO E-Commerce Moratorium and rejecting tariffs on services.  
    • Avoid unilateral tariff-like measures — such as DSTs or withholding regimes —that risk legal conflict, trade retaliation, and fragmentation. 
    • Pursue multilateral cooperation through appropriate multilateral and regional bodies to develop common rules for the taxation of the digital economy. 

    MIL OSI Global Banks –

  • MIL-OSI: TAB Bank Prescribes $2 Million Asset-Based Line of Credit for a Medical Supply Chain Financing and Logistics Company

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, June 04, 2025 (GLOBE NEWSWIRE) — TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan.

    TAB Bank’s high-yield CD rate, currently at a 4.15% Annual Percentage Yield (APY), is a primary reason the medical supply chain solution provider chose to work with TAB. This strategic move allows the company to earn a return on its deposit while simultaneously building its commercial borrowing profile.

    The company offers supply chain financing and logistics support tailored specifically for North American medical service providers purchasing from local and global manufacturers. It provides a data-driven approach to procurement, inventory and end-to-end supply chain management of essential medical commodities, such as surgical supplies and medical devices for healthcare providers.

    “The medical supply chain solution provider’s decision to utilize TAB Bank’s high-yield CD as collateral is a smart, forward-thinking strategy,” said Ryan Gabriel, Vice President and Business Development Officer for the Pacific Northwest and Western Canada at TAB Bank. “It also highlights one of TAB’s key strengths—offering competitive deposit products that work hand-in-hand with our lending solutions to build value for our clients.”

    TAB Bank offers customized financial products to small and midsized businesses across a wide range of industries, like asset-based lending, equipment financing and working capital solutions. The bank’s personalized service and bold financial solutions continue to attract clients across North America.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com

    The MIL Network –

  • MIL-OSI: Top California Lender, LLC Closes $70 Million Loan for Multifamily Acquisition

    Source: GlobeNewswire (MIL-OSI)

    SANTA MONICA, Calif., June 04, 2025 (GLOBE NEWSWIRE) — Top California Lender, a leading private lender specializing in commercial lending, is proud to announce the successful closing of a $70 million loan to finance the acquisition of a multifamily property in Atlanta, Georgia. This significant achievement highlights the company’s expertise in facilitating large-scale real estate investments in high-growth markets across the United States.

    The loan, structured as an 18-month bridge term with an interest rate of 9.5% and interest-only payments, supports the purchase of a 400-unit Class A multifamily complex in Atlanta’s vibrant Midtown neighborhood. Valued at approximately $100 million, the property offers modern amenities and is well-positioned to meet the city’s growing demand for high-quality rental housing. The borrower, a prominent real estate investment firm, plans to enhance the complex with upgrades to attract premium tenants, capitalizing on Atlanta’s booming multifamily market. The loan features no prepayment penalty, providing the borrower with flexibility to secure long-term financing or sell the asset as market conditions evolve.

    “This closing demonstrates our ability to deliver fast, customized financing solutions for strategic acquisitions,” said Jerry Dean, CEO of Top California Lender, LLC. “We’re thrilled to support this investment in Atlanta, a market known for its robust multifamily growth, and to empower our client to unlock the property’s full potential.”

    The transaction underscores the strong demand for multifamily financing in Georgia, where population growth and urbanization continue to drive rental housing needs. Top California Lender, LLC’s efficient process, targeting closings within 30 days of approval, ensured the swift execution of this deal, solidifying its reputation as a trusted partner in commercial lending.

    For more information about Top California Lender’s loan programs, including Rehab/Renovation Loans, Construction Loans, Bridge Loans, Commercial Acquisition Loans, and Change of Use Loans, visit www.topcalifornialender.com or contact info@topcalifornialender.com.

    The MIL Network –

  • MIL-OSI: HTX Reveals Evolving Listing Strategy: Decoding the Future of Memes and Narratives from HPOS10I to Moonpig

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 04, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, today unveiled key insights into its refined asset listing strategy, demonstrating a significant pivot from traditional evaluation metrics towards a focus on genuine community consensus, compelling narratives, and project transparency. This strategic evolution sets HTX apart from other major exchanges and reflects a deeper understanding of the shifting dynamics within the crypto market.

    Major exchanges have historically adopted divergent listing approaches. Binance often prioritizes projects with established user bases, reputable teams, or substantial strategic investments, reinforcing “official incubation” labels like Alpha and Launchpool to highlight platform empowerment and compliance. Conversely, OKX leverages its robust wallet ecosystem to foster community engagement, with on-chain performance serving as a crucial indicator of liquidity.

    HTX, however, has carved out a unique position in its latest assets listings. Moving beyond reliance on funding rounds or established venture capital, HTX’s criteria now heavily weigh community buzz, compelling narratives, and project transparency. This fresh perspective underpins a listing philosophy centered on identifying “genuine consensus”.

    The diversity of new additions in HTX’s recent New Listing zone—HPOS10I, SOON, and Moonpig—clearly demonstrates this approach. These projects, spanning viral memes, innovative technology, and organic community-driven initiatives, reflect different dimensions of the market. This illustrates how HTX Exchange develops its system for identifying high-quality assets with strong growth potential—through the lens of the platform, the project, and the user.

    Platform Perspective: Community-Led, Deep Narratives, and On-Chain Activity Define a New Listing Formula

    Exchange listings have typically focused on backend support, capital influence, or strategic wagers. However, HTX’s latest selection strategy signals a notable shift: while traffic remains a key factor, greater scrutiny is placed on the source of that traffic and the sustainability of its growth narrative.

    “HarryPotterObamaSonic10Inu” (HPOS10I), dubbed the “ultimate meme,” rose to prominence with its unique blend of chaotic narrative, community autonomy, and extensive cultural reach. What caught HTX’s attention was the genuine self-organizing power of its community and the rich narrative potential spanning NFTs, e-commerce, and multiple brand IPs. HTX’s decision to list HPOS10I signals a shift in trends: exchanges are moving beyond chasing short-term traffic to valuing the combined potential of deep narratives and ecosystem growth.

    Project Perspective: Where Tech Meets Meme with True Innovation

    In a narrative-driven market, purely technical projects often struggle to attract early liquidity without rapidly establishing an emotional connection. SOON effectively addresses this challenge.Its “Super App Stack (SAS)” model provides not only an L1-facing Rollup solution but also seamlessly integrates Web2 user scenarios, such as live streaming platforms and content portals, with on-chain technology. This establishes a closed loop from foundational technology to the end-user experience.

    HTX’s listing of SOON sends a clear message: exchanges are now encouraging “narrative-friendly tech.” “Tech that can tell a story” is becoming more sought after than purely complex, “hard-core” technical stacks.

    User Perspective: Fair Launch Grassroots Projects Can Gain Mainstream Platform Recognition

    Moonpig is a typical Pump.fun-native project, launched with no pre sales or VC backing, and driven entirely by its community. Its rapid surge in community engagement, powered by fair-launch mechanics and a lighthearted, meme-driven culture, reflects a deeply decentralized ethos. Moonpig serves as clear proof that even grassroots projects can gain recognition from centralized platforms.

    By listing Moonpig, HTX has delivered an obvious message: more organically grown, on-chain grassroots projects will have real opportunities for recognition and official listings on centralized platforms. Meme projects that organically emerge and grow within on-chain communities and meet the criteria for transparency and engagement can also earn the trust of exchanges and gain access to valuable resources.

    HTX’s Three Pillars for Spotting Tomorrow’s Valued Assets

    Based on the newly listed assets, HTX’s current listing strategy crystallizes into three core principles:

    1. Meme Projects with Lasting Narratives: The focus is on memes supported by authentic, self-governed communities and enduring cultural relevance—projects that evolve from simple memes into valuable IP beyond mere speculation.
    2. Narrative-Driven Tech Infra: Essential elements include solid tech, approachable narratives, and quick user attraction. Infra projects must leverage clear branding and “meme-like” narratives to connect with users and liquidity, rather than remaining obscure in complex whitepapers.
    3. Grassroots On-Chain Native Projects: Success depends on fair on-chain launches and genuine community consensus. “Grassroots Memes” with transparent operations, equitable beginnings, and a clean short-term track record are the next dark horses ready to gain recognition.

    As an established mainstream trading platform, HTX has distinctly shifted its listing strategy in this new cycle, shifting from a reactive “hotspot tracking” model to a more proactive, narrative-driven approach. The rationale is clear: the meme market has advanced beyond simple image-based jokes to embody deeper cultural identities and community affiliations. Concurrently, technical projects are gaining mainstream recognition not through traditional business development, but by embedding themselves into core communities through fresh narratives that better resonate with user contexts.

    Amidst this evolution, the role of exchanges is also transforming. They are no longer simply facilitators for asset listings, but increasingly act as critical selectors of compelling cultural narratives and robust consensus value.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

    For further inquiries, please contact Ruder Finn Asia glo-media@htx-inc.com

    Disclaimer: This is a paid post and is provided by HTX. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ccc59d1-b279-4582-a5c9-79268d2fffc8

    The MIL Network –

  • MIL-OSI: AndPartners Tops $25B in Client Assets to Start 2025: An ambitious start for a new wealth management firm aimed at changing the industry for the better

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, June 04, 2025 (GLOBE NEWSWIRE) — &Partners, a St. Louis-based, wealth management firm focused on attracting 100–150 of the best financial advisor teams in the U.S., is pleased to announce that it has onboarded over $25 billion in client assets, catapulting the firm into the top hybrid RIA wealth managers by size in just 18 months.

    “We started this company with a commitment to creating an environment where advisors can thrive, and clients can achieve their financial dreams with confidence. And we’re doing just that,” said David Kowach, CEO and cofounder of &Partners. “The $25 billion milestone, which we reached early this year, is an important one for us as it makes us not just one of the fastest growing over the last few years, but also one of the largest hybrid RIAs in this country. We feel privileged to call the advisors we’ve onboarded partners, and we are extremely excited for the year ahead.”

    Unlike many of its competitors, &Partners is employee- and advisor-owned with a very broadly distributed equity base. Shared ownership at &Partners creates alignment across home office employees, advisors, and their clients. According to Kowach, the secret ingredient fueling the company’s success and propelling the firm’s forward momentum is the &Partners approach to ownership. “Advisors are meaningful owners of our firm, and this ownership opportunity is a key driver of our growth.”

    &Partners was founded by a team of seasoned professionals with a long history in the advisory and asset management industries. At &Partners, an institutional-quality investment platform is paired with flexible technology that can accommodate a wide range of advisor preferences. The operational and investment support is white glove by design. No call centers and no 1-800 numbers.

    The hallmark of the culture at &Partners is empowerment. The growth of the firm will be capped at approximately 150 teams of advisors to help avoid the pitfalls of a “lowest common denominator approach” to decision-making by management teams too focused on scale rather than excellence. Advisors at &Partners will have the freedom to do what is right for clients, and they will be supported by a team of professionals with an “on call” mentality. Kristi Mitchem, who founded the firm together with David Kowach and John Alexander, describes the &Partners investment team as “concierge” in its orientation.

    “We want to meet advisors and their clients where they are. Every client and advisor will have access to institutional quality investment solutions that are designed to fit their needs and their dreams—precisely.” “Our clients deserve nothing less than unwavering dedication to their financial well-being,” adds John Alexander. “At the bigger firms, bureaucracy can get in the way of sound, common sense decision-making. The size of &Partners allows us to make individualized decisions with an unwavering focus on client value creation.”

    &Partners invites both advisors and clients to experience a new era of advisory services where their needs come first. To learn more about the firm, please visit andpartners.com or contact Trevor Wade at marketing@andpartners.com.

    About &Partners

    &Partners is a rapidly growing wealth management firm built for advisors seeking greater ownership, flexibility, and community. Founded by former Wells Fargo leaders and based in Nashville, Tennessee, and St. Louis, Missouri, the firm offers a hybrid model that combines high payouts with equity participation, institutional support, and access to a collaborative peer network. With nearly $30 billion in client assets and over 80 advisor teams as of May 2025, &Partners provides a platform where advisors can build lasting businesses on their terms — without sacrificing service, scale, or culture. Clearing and custody services are provided by National Financial Services LLC, a Fidelity company. Our mission is to change financial lives for the better by providing highly personalized advice that seeks to avoid missteps and optimize opportunities. To learn more, visit andpartners.com.

    &Partners is the enterprise trade/marketing name for Ampersand Partners LLC, a Delaware limited liability company, and its subsidiary, &Partners, LLC, a Tennessee limited liability company registered with the U.S. Securities and Exchange Commission as a broker-dealer and investment adviser. Securities and investment advisory services offered through &Partners, LLC, member FINRA and SIPC.

    Media Contacts: Trevor Wade, trevor.wade@andpartners.com, (415) 515-4560 and Kate Ennis, ennis@DAIPartnersPR.com, (301)580-6726

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7a24f3e-b62d-4020-ba9d-b8afaab77fbc

    The MIL Network –

  • MIL-OSI: Treasury Bill Auction Announcement – RIKV 25 0917 – RIKV 25 1217

    Source: GlobeNewswire (MIL-OSI)

    Series RIKV 25 0917 RIKV 25 1217
    ISIN IS0000037349 IS0000037695
    Maturity Date 09/17/2025 12/17/2025
    Auction Date 06/06/2025 06/06/2025
    Settlement Date 06/11/2025 06/11/2025

    On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bills must be received by the Central Bank before 14:00 on the Settlement Date and the Bills will be delivered in electronic form on the same day.

    Please note that the Treasury bill RIKV 25 0917 is registered electronically at Verðbréfamiðstöð Íslands hf. central securities depository (VBM). The Treasury bill RIKV 25 1217 will be registered at Nasdaq CSD.

    Further reference is made to the General Terms of Icelandic Treasury bills and General Terms of Auction for Treasury bills on the Government Debt Management website.

    For additional information please contact Tryggvi Freyr Harðarson, Government Debt Management, at +354 569 9630.

    The MIL Network –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 4.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  4.6.2025  
           
           
    Siili Solutions Plc: Share Repurchase 4.6.2025    
           
    In the Helsinki Stock Exchange      
           
    Trade date           4.6.2025    
    Bourse trade         Buy    
    Share                  SIILI    
    Amount             1 100 Shares  
    Average price/ share    6,3600 EUR  
    Total cost            6 996,00 EUR  
           
           
    Siili Solutions Plc now holds a total of 3 998 shares  
    including the shares repurchased on 4.6.2025    
           
    The share buybacks are executed in compliance with Regulation   
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.  
           
    On behalf of Siili Solutions Plc      
           
    Nordea Bank Oyj      
           
    Sami Huttunen Ilari Isomäki    
           
    Further information:      
    CFO Aleksi Kankainen      
    Email: aleksi.kankainen@siili.com      
    Tel. +358 50 584 2029      
           
    www.siili.com      
           

    Attachment

    The MIL Network –

  • MIL-OSI: Treasury Bond Auction Announcement – RIKB 27 0415 – RIKB 35 0917

    Source: GlobeNewswire (MIL-OSI)

    Series RIKB 27 0415 RIKB 35 0917
    ISIN IS0000036291 IS0000035574
    Maturity Date 04/15/2027 09/17/2035
    Auction Date 06/06/2025 06/06/2025
    Settlement Date 06/12/2025 06/12/2025
    10% addition 06/11/2025 06/11/2025

    On the Auction Date, between 13:30 am and 14:00 am, the Government Debt Management will auction Treasury bonds in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Date, and the Bonds will be delivered in electronic form on the same day. Article 6 of the General Terms of Auction for Treasury bonds applies for the right to purchase an additional 10%.

    Further reference is made to the description of the Treasury bond and the General Terms of Auction for Treasury bonds on the Government Debt Management website.

    For additional information please contact Tryggvi Freyr Harðarson, Government Debt Management, at +354 569 9630.

    The MIL Network –

  • MIL-OSI Canada: Minister Sidhu meets with United Kingdom’s Secretary of State for Business and Trade and President of the Board of Trade Jonathan Reynolds

    Source: Government of Canada News

    June 4, 2025 – Paris, France – Global Affairs Canada

    The Honourable Maninder Sidhu, Minister of International Trade, met with Jonathan Reynolds, the United Kingdom’s Secretary of State for Business and Trade and President of the Board of Trade, on the margins of the Organisation for Economic Co-operation and Development Ministerial Council Meeting in Paris, France.

    Minister Sidhu and Secretary of State Reynolds discussed expanding trade and investment through the Canada-United Kingdom Trade Continuity Agreement. Minister Sidhu highlighted the importance of Canada continuing to work with the United Kingdom through forums such as the G7, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and with international organizations in support of the rules-based global trading system.

    Minister Sidhu looks forward to continuing working with Secretary of State Reynolds on the Canada-UK trade relationship.

    Associated links

    MIL OSI Canada News –

  • MIL-OSI Europe: ​The EBA issues Opinions on two measures to address macroprudential risk following notifications by the Swedish FSA

    Source: European Banking Authority




    ​The EBA issues Opinions on two measures to address macroprudential risk following notifications by the Swedish FSA | European Banking Authority

    • Press Release
    • 4 June 2025

    Documents

    Opinion of the EBA on measures in accordance with Article 458 of CRR on CRE exposures in Sweden

    (190.7 KB – PDF)

    Opinion of the EBA on measures in accordance with Article 458 of CRR on RRE exposures in Sweden

    (232.04 KB – PDF)

    Franca Rosa Congiu

    MIL OSI Europe News –