NewzIntel.com

Category: Business

  • MIL-OSI Canada: The FCAA Warns Consumers of Unlicensed Door to Door Sellers Offering Security Cameras and Security Systems

    Source: Government of Canada regional news

    Released on June 3, 2025

    The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has received information regarding unlicensed door-to-door sellers in North Battleford selling security cameras and security systems. Saskatchewan residents are reminded to only deal with door-to-door sellers licensed by the FCAA.

     All door-to-door salespeople, also known as direct sellers, are required to be licensed in Saskatchewan pursuant to The Direct Sellers Act and Regulations. They must also adhere to specific contract requirements and cancellation rules. To view a comprehensive list of licensed door-to-door sellers, visit FCAA411.

    Tips for Consumers Considering Door-to-Door Purchases

    If you decide to purchase goods or services from a door-to-door seller, consider the following tips:

    • Ask to see a copy of their licence and verify their listing on FCAA411.
    • Read the contract carefully, including the fine print.
    • Ask questions if you do not understand something.
    • Do not feel pressured to make an immediate purchase.
    • Keep down payments to a minimum; the higher the amount paid in advance, the greater the risk of loss.
    • Never hand over a blank cheque.
    • Avoid paying in cash or agreeing to services without documentation.
    • Check the seller’s rating and customer reviews on the Better Business Bureau directory at https://www.bbb.org/ or call 1-888-352-7601.

    Consumer Rights for Door-to-Door Sales

    If a salesperson comes to your door, here are some rights you should be aware of:

    • All contracts must be in writing unless the sale is less than $100.
    • All direct sales contracts must include a statement of cancellation rights.
    • You have 10 days to cancel a contract without needing to provide a reason.
    • If a contract is canceled, the vendor must refund all money received under the contract within 15 days of cancellation.

    For questions about door-to-door sellers, please contact the FCAA’s Consumer Protection Division toll-free at 1-877-880-5550 or by email at branch.consumerprotection@gov.sk.ca

    For more information about contract rights and cancellation rules, visit: https://fcaa.gov.sk.ca/regulated-businesses-persons/businesses/directdoor-to-door-sellers

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: CMS Statement on Emergency Medical Treatment and Labor Act (EMTALA)

    Source: US Department of Health and Human Services

    The Department of Health and Human Services and Centers for Medicare & Medicaid Services (“CMS”) are rescinding July 2022 guidance from CMS with the subject “Reinforcement of EMTALA Obligations specific to Patients who are Pregnant or are Experiencing Pregnancy Loss” (QSO-22-22-Hospitals) and (QSO-21-22-Hospitals) and the accompanying

    MIL OSI USA News –

  • MIL-OSI USA: 117-Units of Affordable Housing for Seniors in the Bronx

    Source: US State of New York

    overnor Kathy Hochul and Mayor Eric Adams today announced the completion of YP Senior Residence, a 117-unit affordable housing development in the Morris Heights neighborhood of The Bronx that is reserved for older New Yorkers. The $81 million project includes 37 supportive apartments where eligible tenants will receive on-site support services. Under Governor Hochul’s leadership, New York State Homes and Community Renewal (HCR) has financed almost 6,200 affordable homes in The Bronx. YP Senior Residence continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

    “New York is committed to supporting our more vulnerable communities, including seniors who help build and shape neighborhoods throughout the state,” Governor Hochul said. “As an affordable housing development for older New Yorkers, YP Senior Residence is making the cost of living more affordable for over 100 households in The Bronx. Thank you to our partners for bringing this important project to fruition.”

    New York City Mayor Eric Adams said, “From creating record amounts of senior housing for older New Yorkers to building historic amounts of supportive housing for people who need a little extra help, we have the most pro-housing mayoral administration in New York City history. Through our partnership with Governor Hochul and projects like this one in the Bronx, we have doubled down on those efforts, delivering the housing that New Yorkers need at prices they can afford. Whether it’s individual developments like this or generational initiatives like our ‘City of Yes for Housing Opportunity’ plan to revitalize New York City’s zoning code, we are showing what is possible when government at all levels comes together to make a real difference in building a more affordable city for New Yorkers.”

    Apartments at YP Senior Residence are available to households earning up to 60 percent of the Area Median Income. There are 37 units reserved for New Yorkers age 55 and older experiencing chronic homelessness eligible for on-site support services. The remaining 80 units are available to New Yorkers age 62 and older.

    YP Senior Residence includes sustainable features such as rooftop solar panels and a Variant Refrigerant Flow heating and cooling system that captures and repurposes heat already in the environment. There are Energy Star® appliances, LED lighting, energy recovery ventilation for improved indoor air quality, water-conserving plumbing, and a green roof.

    The building is designed to promote a supportive environment and socialization while combatting isolation. It is full of indoor and outdoor gathering spaces including communal lounges on each floor, a rooftop terrace, and a landscaped courtyard.

    The project’s developer and support services provider is the Volunteers of America — Greater New York. Robert Sanborn Development is the co-developer.

    YP Senior Residence is supported by HCR’s Federal Low-Income Housing Tax Credit Program which generated nearly $35 million in equity, a $20 million first mortgage bond from its Housing Finance Agency, $4.4 million from its Office of Resilient Homes and Communities’ Affordable Housing Fund Program, and $1.7 million from its Senior Housing Program.

    The project also received $6.5 million from the New York City Department of Housing Preservation and Development’s (HPD) Senior Affordable Rental Apartments program, $6.1 million from the New York State Office of Temporary and Disability Assistance’s Homeless Housing and Assistance Program, $1 million in Reso A capital discretionary funding from the Bronx Borough President and the Bronx delegation of the City Council, and $135,000 from the New York State Energy Research and Development Authority.

    Operating funding for the supportive units is being provided by the Empire State Supportive Housing Initiative, administered by the New York State Department of Health. All apartments will benefit from Project-Based Section 8 vouchers administered by NYC HPD.

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Older New Yorkers deserve the opportunity to remain in the communities they love, and that means creating affordable apartments that provide the resources and amenities they need to live independently. This $81 million investment will allow more than 100 senior households to stay in The Bronx and offers support to those individuals who need it most. We thank Governor Hochul and each of our partners for their continued commitment to addressing the housing crisis.”

    New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “The Homeless Housing and Assistance Program’s investment in YP Senior Residence will provide chronically homeless seniors in the Bronx with safe, affordable, apartments they can call home, along with easy access to vital support services that will help them remain housed and age in place with dignity and independence. We are grateful to Governor Hochul for continuing to make permanent supportive housing a priority in New York State, and to all the state and local partners who supported the development of this important project.”

    New York State Health Commissioner Dr. James McDonald said, “Access to affordable housing and adequate support is critical for older adults who may otherwise experience isolation, preventable illness, homelessness or even death. Under the leadership of Governor Hochul, the Department is committed to the wellbeing of all New Yorkers, and affordable and supportive housing like the YP Senior Residence will help some of our most vulnerable residents achieve basic needs for health and safety.”

    New York State Office for the Aging Director Greg Olsen said, “Housing that is affordable, accessible, and supportive ranks among the highest priorities for older adults across New York State. Thanks to Governor Hochul, New York State is addressing this need with a comprehensive plan that brings forth innovative housing models to address health and social needs at the heart of age-friendly community development.”

    New York State Energy Research and Development Authority Doreen M. Harris, President & CEO said, “The completion of today’s project welcomes more than 100 clean, comfortable living spaces to the Bronx and helps ensure New York residents benefit from the latest modern building solutions. Through the use of energy efficient appliances, ventilation, and plumbing, these affordable housing units and community spaces will improve the quality of life for many senior citizens within the community.”

    New York City Department of Housing Preservation and Development Acting Commissioner Ahmed Tigani said, “Older New Yorkers are often the anchors of our communities and the stewards of our shared history. That’s why, at HPD, we are deeply committed to ensuring that those who helped build and sustain their neighborhoods can age with dignity in safe, affordable homes. Today’s event is a testament to the incredible work that can happen when we work together — guided by our values and commitment to take care of our neighbors, including those who need a bit of additional support — and deliver real, tangible results.”

    New York City Department of Homeless Services Administrator Joslyn Carter said, “I commend Volunteers of America-Greater New York for recognizing that older adults face unique challenges in remaining stably housed and for building affordable, supportive housing that will allow senior residents to continue to be vibrant, important members of their community. VOA-GNY has long been a vital collaborator with DHS in addressing homelessness. Here, they are stepping up once again to serve a need and ensure that older adults age with dignity and respect, maintain or establish social connections as they leave transitional housing to a permanent home.”

    New York City Department of Social Services Commissioner Molly Wasow Park said, “One of my biggest priorities as commissioner has been to build bridges between the affordable housing side and the homeless services lane to create a pipeline of housing options for vulnerable New Yorkers. This project and the work of Volunteers of America-Greater New York will facilitate shelter exits and confront the issue of senior homelessness. The benefits of this residence couldn’t be clearer. We are thrilled for the tenants, who will have access to services they deserve, and we applaud VOA-GNY for being a valued partner in the effort to combat homelessness.”

    Senator Kirsten Gillibrand said, “Seniors are a crucial pillar of communities across New York, and we must ensure that they have a safe and supportive place to call home. The YP Senior Residence will address the growing threats of homelessness and isolation among older adults by creating 117 affordable and supportive apartments— Including units housing seniors who have experienced homelessness and building a safe, supportive environment for its occupants. I look forward to the positive change this project will bring to the Bronx and beyond, and I will continue to fight for the right of all Americans to age with dignity and security.”

    State Senator Robert Jackson said, “A society is judged by how it treats its elders — and today, we take a proud step forward. The YP Senior Residence is more than brick and mortar — it is policy made personal. It is what happens when we invest in care, not neglect; in permanence, not patches. This building says to our seniors—especially those who have known homelessness — that your journey matters, your dignity matters, and their golden years will not be lived in the shadows. Let this ribbon cutting also be a ribbon of commitment — to build not just housing, but justice, equity, and community. Congratulations to Volunteers of America and everyone who helped turn vision into refuge. Let’s keep building”

    Assemblymember Yudelka Tapia said, “Ensuring our seniors have access to safe, affordable housing is a top priority. I am proud to celebrate this housing development for the Bronx, a place where our seniors can age with dignity and independence. This is exactly the kind of investment we need to ensure every New Yorker has a safe and supportive place to call home.”

    Bronx Borough President Vanessa L. Gibson said, “Ensuring our older adults have safe, stable, and affordable housing is not just a promise, but a priority. With the completion of YP Senior Residence, we are taking a significant step forward in allowing our most seasoned residents to age in place with dignity, stability, and the support they deserve. I am grateful to Governor Hochul, the New York City Department of Housing Preservation and Development, the New York State Office of Temporary and Disability Assistance, the Bronx delegation of the City Council, and the New York State Energy Research and Development Authority for their continued partnership in uplifting our older New Yorkers and investing in a future where every generation is cared for and valued.”

    VOA-GNY President and CEO Jeffrey R. Ginsburg said, “It is an honor to help reverse the growing crisis of senior homelessness, and address the serious risks social isolation and loneliness can have on the health of older adults. We thank our partners for their generosity and collaboration, without whom the development of YP Senior Residence would not have been possible. Older New Yorkers deserve to age with dignity and independence, and we are proud to help make this possible.”

    Governor Hochul’s Housing Agenda
    Governor Hochul is dedicated to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY 2025 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY 2026 Enacted Budget includes more than $1.5 billion in new State funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. These measures complement the Governor’s five-year, $25 billion Housing Plan, included in the FY 2023 Budget, to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 60,000 homes have been created or preserved to date.

    The FY 2025 and 2026 Enacted Budgets also strengthened the Governor’s Pro-Housing Community Program – which allows certified localities exclusive access to up to $750 million in discretionary State funding. Currently, more than 300 communities have received Pro Housing certification, including New York City.

    MIL OSI USA News –

  • MIL-OSI Security: Cornwall — Police have a busy winter at the Cornwall border

    Source: Royal Canadian Mounted Police

    Between January 1, 2025 and April 1, 2025, the Ontario RCMP Border Integrity team and its partners in the Cornwall region, laid multiple charges and seized a total of $561,568 worth of contraband tobacco products. The RCMP allege that several individuals have attempted to smuggle unstamped tobacco, cigarettes, cigars and nicotine pouches which are being unlawfully imported for unregulated resale in convenience stores and other retail outlets into Ontario.

    The Cornwall Regional Task Force (CRTF) is a joint task force made up of the Royal Canadian Mounted Police (RCMP), Ontario Provincial Police (OPP), the Canada Border Services Agency (CBSA), and the Ontario Ministry of Finance. We work closely with our trusted Canadian and US partners to combat crime on both sides of the border.

    On January 7th, a CBSA led initiative partnering with the Cornwall Regional Task Force (CRTF) stopped a vehicle under Section 99(1)(f) of the Customs Act and a search of the vehicle found 28 boxes of unstamped tobacco with a total of 280,000 cigarettes. Driver James Johnson (34 yrs.), from Saint Regis, QC was charged with Possession of Unstamped Tobacco under Section 32(1) of the Excise Act, 2001 and Operation while Prohibited under Section 320.18 of the Criminal Code. Passenger Dylan David (35 yrs.), from Hogansburg, NY was charged with Possession of Unstamped Tobacco under Section 32(1) of the Excise Act, 2001 and Section 4(1) of the Controlled Drugs and Substances Act (CDSA) for Possession of a Schedule 1 Drug – Fentanyl.

    On January 12th, a vehicle was examined by the CBSA under Section 99(1)(f) of the Customs Act and found to contain 9,360 unstamped cigars. Nadir Khedidem (23 yrs.), from Mirabel, QC was charged by the RCMP pursuant to Section 32(1) of the Excise Act, 2001 and was convicted.

    On January 16th, two vehicles that had crossed the Cornwall border were stopped and searched under Section 99(1)(f) of the Customs Act and a total of 18 cases of nicotine pouches, for a total of 36,000 pouches were seized. Reese Hitterman-Carr (24 yrs.) from Lancaster, ON and Adam Bomberry (31 yrs.) from Akwesasne, NY were arrested and charged under Sections 155 and 159 (1) of the Customs Act.

    On January 27th, Lawrence Oakes (22 yrs) from Cornwall was arrested by Cornwall RCMP after fleeing from a secondary examination by CBSA officers at the border and striking a marked Police vehicle. Oakes is charged with Assaulting a Police Officer with a weapon, Dangerous Driving, Flight from Police and Fail to Comply to Release Order.

    In late February, a CBSA led initiative partnering with the CRTF collaborated to arrest, Robert Green (32 yrs.), from Ohsweken, ON under Sections 155 and 159(1) of the Customs Act and Section 32(1) of the Excise Act, 2001 for possession of 37,000 nicotine pouches, 7200 cigars and 1440 ounces of chewing tobacco for a total of $294,560. Green was released on an undertaking and appeared in court on May 20th.

    On February 26th a CBSA led initiative partnering with the CRTF spotted three individuals behind a restaurant in Cornwall where they were allegedly exchanging nicotine pouches from the trunks of their vehicles. RCMP arrested all three males on Customs Act charges and seized over $ 160 Thousand dollars’ worth of nicotine pouches. Nasim El Bendago (22 yrs.) from Gatineau, QC, Zahir Taskie (20 yrs.) from Orleans, ON, and Mark Wesley (24 yrs.) from Scarborough, ON were arrested under Sections 155 and 159(1) of the Customs Act for possession of these nicotine pouches. Wesley also faces charges for possession for the purpose of trafficking under Section 5 (2) of the CDSA. All three were released on undertakings and will appear in court on June 3rd.

    On February 24th, Megan Morin (22 yrs.) from Longueuil, QC was found with a total of 255 cartons of illegal cigars which was seized from the trunk of the vehicle she was driving. Morin was charged with Possession of Unstamped Tobacco, contrary to Section 32(1) of the Excise Act, 2001, released on an undertaking and was convicted on May 7th.

    In March, law enforcement seized 3,122 tins of flavoured nicotine pouches from a driver allegedly attempting to illegally import them across the Cornwall border. The male driver was arrested initially under Sections 155 and 159(1) of the Customs Act, however, has subsequently been released without charges.

    On March 8th, a traffic stop led the OPP and RCMP to an observation of a total of 2,532 tins of Unstamped Tobacco valued at over $56,000 which was seized immediately. The driver, Asiful Haque (27 yrs.) from Scarborough, ON was arrested under Section 32(1) of the Excise Act, 2001 for Unlawful Possession of Unstamped Tobacco. Haque was released on bail and is scheduled to appear in court on May 29th.

    “Thanks to the CBSA, OPP, OPP-BEST, Ontario Ministry of Finance, and Cornwall RCMP for their dedicated collaboration which continues to produce successful results, taking contraband, including nicotine pouches, off our streets.”
    —Inspector Etienne Thauvette, Officer in Charge RCMP Cornwall Detachment

    “Canada Border Services Agency officers are committed to disrupting organized crime. By intercepting contraband, we stop proceeds from being reinvested into other criminal activity. We will continue to work closely with the RCMP and other law enforcement partners to keep our communities safe.”
    —Jag Johnston, Regional Director General, CBSA Northern Ontario Region

    “The OPP is committed to working with our provincial and national partners to stem the flow of contraband tobacco, as well as illegal drugs and firearms, contributing to safer communities.”
    – OPP Acting Detective Inspector Tyler Stewart, Border Enforcement Security Task Force

    Products seized

    • Unstamped tobacco: 633 KG
    • Cigarettes: 280 000
    • Nicotine pouches: 180 380
    • Cigars: 17 400
    • Chewing tobacco: 1440 oz

    Vehicles seized

    • 2003 Chevy Silverado
    • 2015 Mazda 3
    • 2010 Black Kia Forte
    • 2020 Grey Honda Civic
    • 2014 White KIA Sedan
    • 2010 White Honda Civic
    • 2005 GMC Savana
    • 2009 White Dodge Ram Crew Cab

    Fast facts:

    • Ontario RCMP Border Integrity protect over 2,700km of the Canada-US border from Cornwall through the Great Lakes to the Manitoba border. The Canada-US border is the longest, safest border in the world.
    • Oral nicotine pouches over the 4mg limit as per the Food and Drugs Act are classified as prescription drugs as per Health Canada’s prescription drug list.
    • No person other than one of following shall import a prescription drug: a practitioner, a drug manufacturer, a wholesale druggist, a pharmacist or a resident of a foreign country while a visitor to Canada (policy of a 90-day supply).
    • Its effects are widespread, impacting public health, public safety, government revenue, and the broader economy.
    • Revenues from contraband tobacco often support organized crime activities, such as drug trafficking, human trafficking, and firearms smuggling.
    • Smuggling networks engage in violent activities and corruption, increasing risks to the public and law enforcement agencies.
    • The Canada Border Services Agency screens goods coming into Canada and examines more closely those that may pose a threat to the safety of Canadians.
    • For the latest enforcement statistics, visit Canada Border Services Agency seizures.

    If you have any information related to smuggling, drug importation, trafficking, or possession, or wish to report other criminality, you can contact the Ontario RCMP at 1-800-387-0020, the confidential CBSA Border Watch toll-free line at 1-888-502-9060 or anonymously through Crime Stoppers at 1-800-222-8477 (TIPS), at any time.

    MIL Security OSI –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 3.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  3.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 3.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           3.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 100 Shares
    Average price/ share    6,3800 EUR
    Total cost            7 018,00 EUR
         
         
    Siili Solutions Plc now holds a total of 2 898 shares
    including the shares repurchased on 3.6.2025  
         
    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 Economics: Foreign Exchange and Liquidity and Monthly Balance Sheet, May 2025

    Source: Danmarks Nationalbank

    THE FOREIGN-EXCHANGE RESERVE

    In May 2025, the foreign-exchange reserve decreased by kr. 0.5 billion to kr. 660.9 billion. The decrease reflects Danmarks Nationalbank’s net sale of foreign exchange for kr. 0.5 billion, and the central government’s net borrowing of foreign debt for kr. 0.1 billion, cf. table 1.

    For settlement in May, Danmarks Nationalbank has not intervened in the foreign exchange market.

    Danmarks Nationalbank’s net foreign-exchange purchases and the change in the foreign-exchange reserve – table 1

    Kr. billion May 2025 January – May 2025
    Danmarks Nationalbank’s interventions* to purchase foreign exchange, net 0.0 0.0
    Other** -0.5 5.6
    Danmarks Nationalbank’s net foreign-exchange purchases -0.5 5.6
    The central government’s net foreign borrowing*** 0.1 0.9
    Change in the foreign-exchange reserve -0.5 6.5

    Note: Details may not add because of rounding and previously published figure may have been revised. All transactions as per settlement date.

    * Intervention takes place when Danmarks Nationalbank purchases and sells foreign exchange for Danish kroner in the foreign-exchange market in order to stabilise the exchange rate.

    ** Comprises e.g. interest accrued on the foreign-exchange reserve, the central government’s net payments in foreign exchange, and changes in the banks’ deposits in euro-denominated accounts at Danmarks Nationalbank.

    *** Including net payments to the central government in foreign exchange as a result of currency swaps.

    DEVELOPMENT IN LIQUIDITY

    In May, the central government’s net financing requirement amounted to kr. -11.8 billion. Since the turn of the year, the central government’s net financing requirement has been kr. -50.8 billion, cf. table 2.

    The net position of the banks and mortgage-credit institutes vis-à-vis Danmarks Nationalbank decreased by kr. 11.7 billion in May, to an outstanding amount of kr. 215.0 billion. In May, the central government’s liquidity impact decreased the net position by kr. 10.9 billion.

    Impact of various factors on the net position of the banks and mortgage-credit institutes via-a-vis Danmarks Nationalbank – table 2

    Kr. billion May 2025 January – May 2025
    The central government’s net financing -11.8 -50.8
    Redemption on domestic central-government debt* 4.4 30.3
    Net bond purchases by the government funds and own portfolio and financing of social housing 0.4 -2.7
    Other** 0.3 1.2
    The central government’s gross domestic financing requirement -6.7 -22.0
    The central government’s gross domestic borrowing*** 4.2 30.4
    The central government’s liquidity impact -10.9 -52.5
    Danmarks Nationalbank’s net foreign-exchange purchases -0.5 5.6
    Danmarks Nationalbank’s net bond purchases 0.1 -0.9
    Other factors**** -0.4 2.2
    Change in net position -11.7 -45.5

    Note: Details may not add because of rounding and previously published figure may have been revised. All transactions as per settlement date.

    * Including krone-denominated payments by the central government in currency swaps.

    ** Comprises foreign net financing requirement and changes in net collateral for the government’s swap portfolio.

    *** Gross long-term borrowing, net short-term borrowing and krone-denominated payments to the central government in currency swaps.

    **** Comprises e.g. changes in banknotes and coins in circulation.

    DANMARKS NATIONALBANK’S INTEREST RATES

    Since 22 April 2025 the discount rate has been 1.85 pct. p.a., since 22 April 2025 the current-account interest rate has been 1.85 pct. p.a., since 22 April 2025 the lending rate has been 2 pct. p.a. and since 22 April 2025 the rate of interest on certificates of deposit has been 1.85 pct. p.a.

    Enquiries can be directed to press advisor Teis Hald Jensen on tel. +45 3363 6066.

    BALANCE SHEET OF DANMARKS NATIONALBANK 31 MAY 2025

    Assets 2025 2025
    1000 kr. 31/05 30/04
    Stock of gold 40,309,044 40,309,044
    Foreign assets 566,881,908 567,242,187
    Claims on the International Monetary Fund 59,637,170 59,630,332
    Claims related to banks’ and mortgage credit institutes’ TARGET accounts in ECB 22,525 35,894
    Monetary-policy lending 30,000,000 1,000
    Other lending 994,843 1,160,292
    – Banks’1) 994,843 1,160,292
    – Miscellaneous loans – –
    Domestic bonds 32,964,923 32,869,523
    Financial fixed assets, etc. 131,550 131,550
    Tangible and intangible fixed assets 784,982 715,435
    Other assets 4,824,247 5,170,251
    736,551,192 707,265,508

    1) Other lending to banks include loans for cash deposits.

    Liabilities 2025 2025
    1000 kr. 31/05 30/04
    Banknotes 46,638,763 46,730,241
    Coins 6,082,989 6,088,949
    Monetary-policy deposits 244,974,905 226,668,294
    – Current accounts 244,974,905 226,668,294
    – Certificates of deposit – –
    Other deposits 15,143,360 15,175,216
    – Deposits related to banks’ and mortgage credit institutes’ TARGET accounts in ECB 22,525 35,894
    – Other deposits from banks’ and mortgage credit institutes’ 871,172 947,726
    – Miscellaneous deposits 14,249,663 14,191,596
    Central government 265,043,218 254,056,564
    Foreign liabilities 5,898,251 5,801,316
    Counterpart of Special Drawing Rights allocated by the IMF (SDR) 45,039,776 45,039,776
    Other liabilities 6,891,005 6,866,227
    Capital and reserves 100,838,925 100,838,925
    736,551,192 707,265,508

    Note: The monthly balance sheet is calculated at beginning of year values +/- accumulated transaction values. The monthly balance does not include value adjustments and accruals, as these are only calculated at year-end, cf. Danmarks Nationalbank’s accounting principles.

    MIL OSI Economics –

  • MIL-OSI Canada: Government of Canada strengthens border security

    Source: Government of Canada News (2)

    News release

    June 3, 2025 – Ottawa, Ontario

    A strong Canada means strong borders. Today, the Honourable Gary Anandasangaree, Minister of Public Safety introduced the Bill, the Strong Borders Act to strengthen our laws and keep Canadians safe.

    The Bill will keep Canadians safe by ensuring law enforcement has the right tools to keep our borders secure, combat transnational organized crime, stop the flow of illegal fentanyl, and crack down on money laundering. It will bolster our response to increasingly sophisticated criminal networks, and enhance the integrity and fairness of our immigration system while protecting Canadians’ privacy and Charter rights.

    Securing the border

    • Amend the Customs Act to secure our borders against illicit drug trafficking, weapons smuggling, and auto theft:
      • obligating owners and operators at certain ports of entry/exit to provide, equip, and maintain facilities for any purpose related to the administration and enforcement of CBSA’s mandate which includes the examination and detention of goods destined for export;
      • allowing the CBSA access to premises under the control of transporters and warehouse operators to perform examinations in places where goods destined for export are reported, loaded, unloaded, or stored.
    • Amend the Oceans Act to add security-related activities to coast guard services, which will enable the Canadian Coast Guard to conduct security patrols and collect, analyse and disseminate information and intelligence for security purposes;
    • Enhance the ability of the Royal Canadian Mounted Police (RCMP) to share information collected on registered sex offenders with domestic and international law enforcement partners;
    • Protect the asylum system against sudden increases in claims by introducing new ineligibility rules.
    • Improve how asylum claims are received, processed, and decided;
    • Strengthen authorities to cancel, suspend or change immigration documents, and to cancel, suspend or stop accepting new applications; and 
    • Improve how Immigration, Refugees and Citizenship Canada (IRCC) shares client information with federal, provincial and territorial partners.

    Combatting transnational organized crime and illegal fentanyl

    • Create a new accelerated scheduling pathway that allows precursor chemicals that can be used to produce illicit drugs to be rapidly controlled by the Minister of Health. This will allow law and border enforcement agencies to take swift action to prevent their illegal importation and use and to ensure strict federal oversight over any legitimate use of these chemicals;
    • Amend the Criminal Code and the Mutual Legal Assistance in Criminal Matters Act to facilitate law enforcement’s access to basic information and data, and amend the Canadian Security Intelligence Service (CSIS) Act to ensure CSIS’s investigative tools also keep pace;
    • Introduce the Supporting Authorized Access to Information Act (SAAIA) to ensure that electronic service providers have the capabilities to support law enforcement agencies and the CSIS in criminal and intelligence investigations by compelling them to fulfill legally authorized requests to access or intercept information and communications;
    • Amend the Canada Post Corporation Act to remove barriers that prevent police from searching the mail, where authorized to do so in accordance with an Act of Parliament, to advance a criminal investigation; and
    • Expand Canada Post’s inspection authority to open mail.

    Disrupting illicit financing

    • Strengthen Canada’s anti-money laundering and anti-terrorist financing regime, including through stronger anti-money laundering penalties;
    • Address some of the most prevalent types of money laundering, including through new restrictions on large cash transactions and ‘third party deposits’;
    • Enhance supervisory collaboration and support high standards of regulatory compliance by adding the Director of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to the Financial Institutions Supervisory Committee (FISC) and enabling FINTRAC to exchange supervisory information on federally regulated financial institutions with FISC; and
    • Clarify public to private information sharing provisions to help better detect and deter money laundering and support the recently created Integrated Money Laundering Intelligence Partnership (IMLIP) between banks and law enforcement.

    The Strong Borders Act is a key component of our plan to build a safer and more secure Canada. Further action will be announced over the coming months to keep our communities safe, get guns off our streets, and make bail harder to get for repeat offenders charged with car theft, home invasions, human trafficking and drug smuggling.

    Quotes

    “Our government made a commitment to keep our communities safe and work with our American partners to strengthen our border. The Strong Borders Act will help us tackle organized crime, and further equip our border and law enforcement agencies with the authorities and resources they need to keep our border secure – for both American and Canadian communities.”

    –       The Honourable Gary Anandasangaree, Minister of Public Safety

    “Canada is taking action to respond to rising migration pressures. We’re improving security at the Canada-US border and making our immigration and asylum systems stronger, more flexible, and responsive to new and developing pressures. This is about protecting the integrity of our system while building a safer and more resilient Canada.”

    –       The Honourable Lena Metlege Diab, Minister of Immigration, Refugees and Citizenship

    “Canada is stepping up in the fight against transnational financial crime. This bill will strengthen supervision and enforcement to combat money laundering and terrorist financing – reinforcing our government’s commitment to stop illicit financial flows.”

    –       The Honourable François-Philippe Champagne, Minister of Finance and National Revenue

    “Canada’s criminal laws must keep pace with an evolving landscape. This legislation strengthens the tools available to law enforcement to detect and investigate serious crimes, while upholding the Charter rights of people in Canada and respecting the rule of law.”

    –       The Honourable Sean Fraser, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency

    “Expanding the Canadian Coast Guard’s services to include security activities will help ensure the protection and sovereignty of our vast coasts and waterways. With our extensive fleet and experience on the water, we are well positioned to make a significant contribution to Canada’s national security, making the country stronger, more adaptable, and more responsive.”

    –       The Honourable Joanne Thompson, Minister of Fisheries

    “This legislation will give Canada stronger tools in the fight against fentanyl so together with all levels of government, Indigenous communities, and public health and law enforcement partners, we can save lives and keep our communities safe.”

    –       The Honourable Marjorie Michel, Minister of Health

    “Canada’s new Government is committed to protecting the health and safety of Canadians. The proposed amendments to the Canada Post Corporation Act will help stop the flow of drugs in Canada. This will help to prevent thousands of overdoses and save lives.”

    –       The Honourable Joël Lightbound, Minister of Government Transformation, Public Works and Procurement

    Quick facts

    • Through Canada’s Border Plan, the Government of Canada is investing $1.3 billion in concrete action to keep communities safe on both sides of the border. 

    • The Border Plan provides $200 million to Public Safety Canada and the Communications Security Establishment Canada to support enhanced gathering of intelligence on transnational organized crime and illegal fentanyl, and enable sharing with law enforcement partners across Canada and the United States.

    • Moreover, providing $743.5 million over five years, including $159.5 million ongoing, was provided to support the stability and integrity of Canada’s asylum system, increasing processing and decision-making capacity.

    • In recent years, the Government has invested more than $379 million to strengthen the effectiveness of Canada’s Anti-Money Laundering/Anti-Terrorist Financing Regime, and made or is making legislative and regulatory changes, including by providing new tools to law enforcement, adding new criminal offences and strengthening penalties, enhancing information sharing, expanding the Regime to new sectors at risk of money laundering, and providing the CBSA with new authorities to pursue trade-based money laundering. 

    • The Canada Border Services Agency is Canada’s first line of defence at 1,200 ports of entry across the country. Day in and day out, approximately 8,600 frontline personnel play a crucial role protecting our communities by preventing illegal goods and inadmissible people from entering Canada. For more on the CBSA’s enforcement actions visit: Canada Border Services Agency enforcement action statistics.

    • The Government of Canada is committed to recruiting 1,000 more RCMP personnel to tackle drug and human trafficking, foreign interference, cybercrime, and the organized criminal gangs, as well as to the hiring of over 1000 additional CBSA personnel, including border services officers, intelligence analysts and specialized chemists, and the training of up to 9 new detector dog teams.

    Associated links

    Contacts

    Alice Hansen
    Director of Communications
    Office of the Honourable Gary Anandasangaree
    Minister of Public Safety
    Alice.Hansen@ps-sp.gc.ca

    Media Relations
    Public Safety Canada
    613-991-0657
    media@ps-sp.gc.ca

    Chantalle Aubertin
    Deputy Director of Communications
    Office of the Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency
    Chantalle.Aubertin@justice.gc.ca      

    Media Relations
    Department of Justice Canada
    613-957-4207
    media@justice.gc.ca

    Media Relations
    Canada Border Services Agency
    1-877-761-5945
    media@cbsa-asfc.gc.ca

    Audrey Milette
    Office of the Honourable François-Philippe Champagne
    Minister of Finance and National Revenue
    audrey.milette@fin.gc.ca

    Media Relations
    Department of Finance Canada
    613-369-4000
    mediare@fin.gc.ca

    Mathis Denis
    Press Secretary and Senior Communications Advisor
    Office of the Honourable Joël Lightbound
    343-573-1846
    mathis.denis@tpsgc-pwgsc.gc.ca

    Media Relations
    Transformation, Public Services and Procurement
    819-420-5501
    media@pwgsc-tpsgc.gc.ca

    Media Relations
    Canadian Security Intelligence Service
    613-231-0100
    Media-medias@smtp.gc.ca

    Renée LeBlanc Proctor
    Press Secretary
    Minister’s Office
    Immigration, Refugees and Citizenship Canada
    Renee.Proctor@cic.gc.ca

    Media Relations
    Immigration, Refugees and Citizenship Canada
    613-952-1650
    media@cic.gc.ca

    Media Relations
    Health Canada
    613-957-2983
    media@hc-sc.gc.ca

    Media Relations
    Fisheries and Oceans Canada
    media.qc@dfo-mpo.gc.ca  

    Stay connected

    Follow Public Safety Canada on X, LinkedIn and YouTube
    Follow Don’t Drive High on Facebook and Instagram

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: Housing Bill: Greens’ ‘Mansion Tax’ bid rejected by other parties

    Source: Scottish Greens

    03 Jun 2025 Finance

    Property taxes are important to ensure the wealthiest people pay their fair share back into our public services.

    More in Finance

    Proposals put forward by Scottish Green MSP Ross Greer for a ‘Mansion Tax’ on the sale of the million pound plus homes have been rejected by all other parties.

    Mr Greer tabled amendments to the Housing (Scotland) Bill to create a new band of Land and Buildings Transaction Tax on the most expensive homes. This would have raised money for public services in need of financial support.

    The highest rate of Land and Buildings Transaction Tax for residential properties is 12%, starting at £750,000. The Green MSP had proposed that a further band should kick in at £1 million, suggesting it start at 15%. During a debate on the proposals in Parliament he pointed to the example of the Newliston Estate near Edinburgh, currently on sale for offers over £15 million, suggesting that its buyer should pay a higher rate of tax than someone purchasing an £800,000 townhouse in the city.

    The proposal was rejected by SNP, Labour and Conservative members of the Scottish Parliament’s Local Government and Housing Committee.

    Mr Greer said:

    “It is disappointing that MSPs from other parties rejected our Green proposal for a Mansion Tax. 

    “A higher tax on the biggest and most luxurious properties could have raised money to support public services like the NHS and schools. Only the very wealthiest people in the country, who can afford to pay more, would have been impacted. 

    “Scotland has enough wealth to end injustices like child poverty tomorrow, but far too much of this money is in the hands of a tiny number of super-rich people and big corporations.

    “Property taxes are important to ensure the wealthiest people pay their fair share back into our public services. I hope other MSPs remember that when they next complain about cuts to public services due to a lack of money.”

    MIL OSI United Kingdom –

  • MIL-OSI: Travis Credit Union Strengthens Leadership and Innovation in Payments and Information Security

    Source: GlobeNewswire (MIL-OSI)

    VACAVILLE, Calif., June 03, 2025 (GLOBE NEWSWIRE) — In response to the rapidly evolving payments landscape and increasing importance of cybersecurity, Travis Credit Union (TCU) announces two strategic leadership appointments. These investments in talent underscore TCU’s ongoing commitment to innovation, operational excellence, and the protection of its members’ financial data.

    Leading the newly established Payment Services capability will be Chris Germann, who joins TCU as Managing Director of Payment Services. Payment Services strategically integrates payment product development, advanced fraud mitigation capabilities, card servicing and loan servicing.

    “Chris is a strategic and operational payments leader, enabling internal and external resources to deliver on TCU’s ongoing commitment to protecting our members’ financial data and reenforcing our commitment deliver a trusted and secure banking environment for our members,” said Kevin Miller, president and chief executive officer at Travis Credit Union. “This appointment will ensure that we remain at the forefront of industry standards and best practices, fostering a secure environment for our members’ trust and peace of mind in an evolving digital landscape.”

    Chris brings a wealth of experience from his previous roles as Director of Payment Services at Huntington National Bank and TCF National Bank.

    Leading cybersecurity across TCU will be Kirsten Miller as Information Security Officer. Kirsten will oversee the credit union’s information security program, focusing on risk management and operational maturity initiatives to further strengthen member data protection.

    “Kirsten’s leadership is vital as we continue to enhance our cybersecurity efforts and protect our members’ financial data from emerging digital threats,” said Kevin. “Her vision and expertise will help us stay ahead of evolving risks and ensure our security practices remain strong, adaptive, and member focused.”

    Kirsten brings decades of technology and information security risk leadership experience from her previous roles held at Golden 1 Credit Union, VSP Global and Citigroup.

    With more than 50 years of combined experience in payments, cybersecurity, risk, operational efficiency and change leadership, these two new leaders mark a significant step forward in TCU’s mission to deliver innovative, secure, and member-focused financial services.

    About Travis Credit Union
    Travis Credit Union, based in Vacaville, Calif., has been recognized at the federal, state and local levels for its longstanding financial education and financial advocacy efforts. In 2024, TCU was named as a Best Regional Credit Union by Newsweek. It has also selected as a Best-In-State Credit Union by Forbes and has also earned the U.S. Air Force Distinguished Credit Union of the Year award. Founded in 1951 on Travis Air Force Base, TCU today serves 12 Northern California counties. It is the twelfth largest credit union in California, with 250,000 members and $5 billion in assets. Learn more about our mission at traviscu.org.

    The MIL Network –

  • MIL-OSI: Amplify ETFs Bitcoin Option Income ETFs Declare First Income Distributions

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 03, 2025 (GLOBE NEWSWIRE) — Amplify ETFs, a leading provider of breakthrough ETF solutions, announces the initial income distribution for its newly launched Bitcoin* option income ETFs.

    The Amplify Bitcoin 2% Monthly Option Income ETF1 (BITY) and Amplify Bitcoin Max Income Covered Call ETF (BAGY) achieved their stated distribution expectations, demonstrating the effectiveness of weekly options-writing on Bitcoin ETPs.

    “We are pleased to deliver on the income objectives we set at launch for BITY and BAGY,” said Christian Magoon, CEO of Amplify ETFs. “As Bitcoin reaches all-time highs, we’re encouraged to see our ETFs generating income and standing up alongside traditional Bitcoin ETFs. Our differentiated approach continues to resonate with investors looking for yield-enhanced exposure to Bitcoin’s long-term growth story.”

    Ticker ETF Name Distribution
    Rate    2    		 Amount
    per Share    		 Distribution
    Frequency    		 30 Day
    SEC Yield2
    BAGY Amplify Bitcoin Max Covered Call Income ETF 32.25% $1.46125 Monthly 3.10%
    BITY Amplify Bitcoin 2% Monthly Option Income ETF 25.62% $1.16540 Monthly 2.42%
               

    Distributions as of 5/30/25 included an estimated return of capital: BAGY 96%, BITY 96%. Past performance does not guarantee future results.

    “The weekly option writing approaches of BAGY and BITY are effectively taking advantage of Bitcoin’s price volatility for option income, underlining our commitment to maximizing option income potential while providing Bitcoin price exposure. Our goal is to monetize Bitcoin’s volatility,” said portfolio manager, Kevin Kelly.

    With these successful launches and distributions, Amplify ETFs strengthens its position as a leader in income-generating ETF strategies, extending that expertise to crypto-linked income solutions.

    Learn more:

    About Amplify ETFs
    Amplify ETFs, sponsored by Amplify Investments, has over $11 billion in assets across its suite of ETFs (as of 5/30/2025). Amplify ETFs delivers expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. To learn more visit AmplifyETFs.com.

    Sales Contact:
    Amplify ETFs
    855-267-3837
    info@amplifyetfs.com    		 Media Contact:
    Gregory FCA for Amplify ETFs
    Kerry Davis
    610-228-2098
    amplifyetfs@gregoryfca.com
       

    1Formerly Amplify Bitcoin 24% Premium Income ETF
    2Distribution Rate is the normalized current distribution (annualized) over NAV per share. 30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the income earned from dividends – excluding option income – during the period after deducting the Fund’s expenses for the period

    *The Funds do not invest directly in bitcoin. Bitcoin ETPs are exchange-traded investment products not registered under the 1940 Act that seek to generally match the performance of the price of Bitcoin, and trade intra-day on a national securities exchange.

    There is no guarantee that BITY will achieve the Target Option Premium in any given year. If the NAV of the Fund remains level or decreases during any one-year period, the annualized premium generated by the Fund may be significantly less than the Target Option Premium for that time period.

    Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at AmplifyETFs.com. Read the prospectus carefully before investing.

    This information is not intended to provide and should not be relied upon for accounting, legal or tax advice, or investment recommendations. To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that distributions will be made in the future. Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.

    Investing involves risk and possible loss of principal. There is no guarantee the investment strategy will be successful. The Funds are considered to be non-diversified. The Funds are actively managed and their performance reflects the investment decisions the Adviser makes for the Funds.

    The Funds face risks by investing in Bitcoin through the Bitcoin ETP and Bitcoin ETP Options, as bitcoin is a new and highly speculative investment. The market for bitcoin is volatile and subject to rapid changes, regulatory actions, and numerous challenges to widespread adoption. Issues such as slow transaction processing, variable fees, and price volatility further increase these risks.

    There is a lack of consensus regarding the regulation of digital assets, including bitcoin, and their markets. Trading in shares of a Bitcoin ETP on U.S. securities exchanges may be halted due to market conditions or for reasons that, in the view of an exchange, make trading in shares of the Bitcoin ETP inadvisable.

    Option contract prices are volatile and affected by changes in the underlying asset’s value, interest or currency rates, and expected volatility, all of which are influenced by political, fiscal, and monetary policies. The Funds may use FLEX Options, which can be less liquid than standardized options. This may make it difficult to close out FLEX Options positions at desired times and prices.

    With covered call risk, the Funds might miss out on profits if the security’s value rises above the option’s premium and strike price while still facing potential losses if the value declines. With covered put risk, significant stock price increases can lead to substantial losses on your short position. The premium provides some income but may not fully offset the loss if the stock rallies unexpectedly.

    The Funds currently expect to make distributions on a monthly basis, a portion of which may be considered return of capital.

    Amplify Investments LLC serves as the investment adviser to the Funds. Kelly Strategic Management, LLC and Penserra Capital Management LLC each serve as investment sub-advisers to the Funds.

    Amplify ETFs are distributed by Foreside Fund Services, LLC.

    The MIL Network –

  • MIL-OSI: DVCon U.S. 2026 Announces Call for Extended Abstracts, Workshop and Tutorial Proposals

    Source: GlobeNewswire (MIL-OSI)

    GAINESVILLE, Fla., June 03, 2025 (GLOBE NEWSWIRE) — The 2026 Design and Verification Conference and Exhibition United States (DVCon U.S.), sponsored by Accellera Systems Initiative, is pleased to announce its Call for Extended Abstract, Workshop, and Tutorial Proposals. The 38th annual DVCon U.S. will be held March 2-5 at the Hyatt Regency Hotel, Santa Clara, CA.

    “DVCon U.S. continues to be the premier venue for exploring the latest trends, technologies, and standards in design and verification,” stated Xiaolin Chen, DVCon U.S. 2026 General Chair. “We invite proposals that share real-world experiences, innovative methodologies, and forward-looking insights. Our goal is to deliver an exceptional technical program while preserving the personal connections and collaborative spirit that have long defined the DVCon experience.”

    Extended Abstract Information

    DVCon U.S. 2026 invites engineers, researchers, and practitioners to submit extended abstracts that provide deep technical insights, practical case studies, and innovative approaches across the design and verification landscape. Submissions should focus on real-world experiences and address emerging trends that are shaping the future of electronic system development.

    Suggested topic areas include, but are not limited to:

    • Functional verification and validation
    • Safety-critical design and verification
    • Low-power design techniques
    • Machine learning and big data applications
    • Design and verification reuse and automation
    • Mixed-signal design and verification

    Authors may also incorporate topics such as EDA tool usage, FPGA-based design, specialized verification languages (e.g., SVA or PSL), scripting, Portable Stimulus applications, AMS techniques, and IoT-related methodologies.

    Extended abstracts should be between 600 and 1,200 words and demonstrate technical depth, innovation, and relevance.

    More information and guidelines for DVCon U.S. 2026 abstract submissions can be found here.

    Sponsored Short Workshop and Tutorial Information

    DVCon U.S. 2026 welcomes proposals for technical tutorials and short workshops that offer high-impact educational content for design and verification professionals. These sessions provide an excellent opportunity for industry experts to share knowledge, demonstrate tools and methodologies, and engage directly with attendees.

    Short workshops are 90-minute sponsored sessions open to all attendees registered for the full conference. Scheduled for both Monday and Thursday, these workshops may be formatted as hands-on demonstrations or lecture-style presentations, allowing flexibility in delivery and engagement.

    DVCon U.S. technical tutorials are three-hour sessions included with full conference registration. The Technical Program Committee seeks proposals that are timely, highly relevant, and rich in continuing education value. Topics should address current challenges and trends in design and verification.

    Suggested topics for both workshops and tutorials include:

    • SystemVerilog for design and verification
    • SystemC, C, and C++ in system-level design
    • Software-driven and SoC verification
    • Assertion-based verification (SystemVerilog, PSL)
    • Coverage-driven verification and debug techniques
    • Low-power design strategies and high-level synthesis
    • Mixed-signal modeling and AMS verification
    • Secure IP-based SoC design and encryption
    • Transaction-level modeling, ESL design, and IP integration (IP-XACT)
    • Portable Stimulus and standards adoption
    • Formal methods, emulation, FPGA prototyping, and post-silicon debug
    • Embedded software co-verification and productivity methods
    • Functional safety, security, and open-source methodologies
    • Machine learning applications in design and verification

    Proposals should include an abstract between two to five paragraphs (not exceeding 1,000 words) that clearly outline the objective, technical depth, and value to attendees. For more details on DVCon U.S. 2026 workshop and tutorial proposal guidelines, including pricing, visit here.

    Submission Deadline
    The submission site for all proposals opens July 15. The deadline to submit extended abstracts, tutorial and workshop proposals is September 7, 2025.

    For inspiration and to view proceedings from past conferences, visit the archives site.

    About DVCon
    DVCon is the premier conference for discussion of the functional design and verification of electronic systems. DVCon is sponsored by Accellera Systems Initiative, an independent, not-for-profit organization dedicated to creating design and verification standards required by systems, semiconductor, intellectual property (IP) and electronic design automation (EDA) companies. For more information about Accellera, please visit www.accellera.org. For more information about DVCon U.S., please visit here. Follow DVCon on Facebook, LinkedIn or @dvcon_us on X or to comment, please use #dvcon_us.

    The MIL Network –

  • MIL-OSI: Luna PR Partners with The Web3 Alliance of Saudi Arabia to Drive Web3 Growth and Collaboration In The Region

    Source: GlobeNewswire (MIL-OSI)

    Dubai, United Arab Emirates, June 03, 2025 (GLOBE NEWSWIRE) —    Luna PR, a global Web3-focused PR and marketing agency, announced today its strategic partnership with the Web3 Alliance of Saudi Arabia (WASA), a key player in advancing blockchain adoption and policy in the Kingdom. This collaboration marks a major step in Luna PR’s expansion into Saudi Arabia and underscores its commitment to accelerating Web3 innovation across the Middle East.

    As one of the most respected agencies in the Web3 and emerging tech sectors, Luna PR, brings a global network of regulators, founders, and investors into alignment with Saudi Arabia’s Vision 2030. Through this partnership, Luna PR and WASA will work closely to support companies looking to establish and grow their Web3 presence in Saudi Arabia, while also helping shape the region’s policy landscape through high-level dialogue with government entities and regulators.

    “This partnership reflects our long-term commitment to supporting regions that are shaping the future of Web3, ” said Nikita Sachdev, Founder and CEO of Luna Media Corp and Luna PR. “Saudi Arabia is positioning itself as a global technology hub and taking steps to lead through innovation, regulation, and education. Through our strategic alliance with WASA marks a powerful step towards driving meaningful growth and collaboration across the region..

    Through joint initiatives, Luna PR and WASA will support both local startups and international projects by providing them with the strategic guidance, regulatory access, and communication tools needed to succeed in the Saudi market. From entity formation and policy navigation to ecosystem engagement and public narrative building, the partnership aims to make Saudi Arabia a globally competitive hub for Web3 innovation.

    “We are excited to partner with Luna PR as they enter the Saudi market.” Said Billal Yamak, Chairman of WASA. “Their deep understanding of the Web3 landscape makes them an ideal collaborator for advancing our mission to drive blockchain adoption in the Kingdom.”

    This partnership will serve as a launchpad for workshops, roundtables, and policy-aligned initiatives designed to bridge the gap between innovation and implementation, empowering founders, regulators, and institutions to co-create the future of decentralized technology in the region.

    About Luna PR
    Luna PR is a multi-award-winning public relations and communications agency headquartered in Dubai, with a global presence across the US, UK, and Asia. Since 2017, the agency has partnered with over 600 clients in Web3, fintech, and emerging technology – supporting startups, multinational corporations, and government entities alike. Luna PR positions itself as more than a service provider – it acts as a strategic partner that shapes narratives and accelerates market adoption for disruptive technologies.

    About Web3 Alliance of Saudi Arabia
    The Web3 Alliance of Saudi Arabia (WASA) unites the foremost leaders and innovators of the Web3 ecosystem in Saudi Arabia, dedicated to cultivating a vibrant environment in the Kingdom in alignment with Vision 2030. WASA promotes innovation, collaboration, education and regulation to accelerate the adoption of blockchain technology and Web3 innovations across both public and private sectors. By bringing together industry experts and promoting practical implementation projects, WASA aims to position Saudi Arabia as a hub for decentralized technology, driving technological transformation and empowering local startups and enterprises.

    Media contact:
    Yousef Al Alami
    yousef@lunapr.io

    The MIL Network –

  • MIL-OSI Global: Nigerian children don’t imagine women as political leaders: what shapes their view

    Source: The Conversation – Africa – By Adebusola Okedele, Senior Lecturer, Political Science, Babcock University

    A new ranking by UN Women and the Inter-Parliamentary Union puts Nigeria 179th out of 185 countries for the percentage of women in the national legislature.

    Women currently make up only 3.9% of seats in the House of Representatives. In the Senate, three of the 108 current members are women. In the executive branch, women head eight of 45 (17.8%) of ministries.

    This absence of women in prominent positions in politics subtly reinforces societal biases and moulds public opinion, which subconsciously excludes women from political leadership.

    We are a group of researchers who have expertise in gender and African politics and childhood political socialisation. We have been researching the political socialisation of children in Nigeria for the past three years.

    Our research in Ogun State reveals that children are internalising what they see on the political stage. We asked children aged 5 to 16 at 12 schools in Ogun State to imagine and draw a leader such as a president, governor, or member of a national or state assembly at work. Only 5% of 981 children drew a woman as a political leader.

    Ninety-two percent of girls drew a man, compared to 98% of boys.

    Why do so few children draw women as political leaders? Children absorb the power dynamics and gender roles they observe in political happenings, shaping their understanding of politics.

    In democracies, a lack of women interested in politics, as well as running for and winning political office, matters. If women are absent in decision-making spaces, their concerns might not be considered. While men can represent women’s interests, women committed to change can draw on their experiences and those of women in their networks to bring new ideas to the table.



    Read more:
    Nigeria’s National Assembly: why adding seats for women isn’t enough

    Women in authority in Nigeria

    We conducted our study in the three senatorial districts of Ogun State, one of Nigeria’s 36 states. In Ogun State, the deputy governor, Noimot Salako-Oyedele, is a woman, and her picture is on many classroom walls.

    The late anti-colonial activist and leader Funmilayo Ransome-Kuti was from Ogun State too. The presence of visible women leaders could encourage some children in the state to imagine and depict women as political leaders. Thus, it is possible that our sample of children were more likely to draw a woman than children in other states.

    Six other states have women deputy governors: Akwa Ibom, Ebonyi, Ekiti, Kaduna, Plateau and Rivers States.

    But women’s representation in state assemblies throughout the country is low. No woman has ever been elected to be a governor in Nigeria.

    In our study, we asked children what jobs they would like to have in the future. In general, boys were more interested in jobs in politics (president, governor, local government chair) than girls were. For the specific job of president or governor, however, girls seemed to be just as interested as boys.

    The children’s response isn’t specific to Nigeria. In a study conducted in 2017 and 2018 in the United States (where 19.3% of members of the House of Representatives at the time were women), only 13% of children drew a woman political leader.



    Read more:
    Nigeria has few women in politics: here’s why, and what to do about it

    Broader forces

    Multiple factors hinder women’s representation in elected offices in Nigeria. These include political party practices that favour the recruitment and selection of men candidates, the high costs of running for office, as outlined in Ayisha Osori’s book Love Does Not Win Elections, and societal biases against women holding positions of political power.

    Deeply entrenched societal biases add to the challenges. Cultural norms assign leadership roles to men and certain religious interpretations restrict women’s public participation.

    The perception that women are more suited for domestic roles, or lack assertiveness, impedes their ability to garner support for political leadership.

    Low numbers of women representatives also suggest there are systemic biases in the democratic electoral process.



    Read more:
    Ghana’s election system keeps women out of parliament. How to change that

    Children pay attention

    Recent research shows that when girls observe women in political power or running for political office, they are more engaged in politics later in life. This suggests that positive exposure to women in politics may have positive effects on girls’ political engagement. Negative exposure could have negative effects.

    Take, for example, the “Natasha-Akpabio case” in Nigeria. Senator Natasha Akpoti-Uduaghan alleged that Senate president Godswill Akpabio had sexually harassed her. The Senate president denied the allegation. Akpoti-Uduaghan was suspended from her position by the Senate ethics committee for what it described as misconduct and disregard for the Senate standing orders.

    Experiences like those may influence future generations’ understanding of gender equality in leadership. When young Nigerians observe powerful women facing harassment and retaliation for voicing their concerns, it may undermine the notion that women are equally capable of political authority.

    Girls may internalise the idea that politics is a hostile space for women. For boys, seeing women leaders undermined might reinforce a sense of male dominance.



    Read more:
    AU commission has made a good start on gender equality. But a lot remains to be done

    Policy solutions

    Our finding that children largely see politics as a “man’s world” prompts reflection on societal and political biases. To address the under-representation of women in political leadership positions in Nigeria, it is important to invest in civic education programmes. Children should be helped to understand the significance of equitable political participation from an early age.

    Campaigns should use different media platforms to challenge gender stereotypes in leadership.

    Finally, enacting and enforcing legislated gender quotas across all levels of Nigerian government and within political parties is a crucial step to improve the representation of women in leadership positions.

    Alice J. Kang received funding for the study from the University of Nebraska-Lincoln’s Congress Fund and Research Council.

    Jill S. Greenlee receives funding from Department of Women’s, Gender, & Sexuality Studies at Brandeis University and the
    Norman Fund at Brandeis University.

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

    – ref. Nigerian children don’t imagine women as political leaders: what shapes their view – https://theconversation.com/nigerian-children-dont-imagine-women-as-political-leaders-what-shapes-their-view-256638

    MIL OSI – Global Reports –

  • MIL-OSI USA: Governor Josh Stein Announces Western North Carolinians to Join Governor’s Recovery Office for Western North Carolina

    Source: US State of North Carolina

    Headline: Governor Josh Stein Announces Western North Carolinians to Join Governor’s Recovery Office for Western North Carolina

    Governor Josh Stein Announces Western North Carolinians to Join Governor’s Recovery Office for Western North Carolina
    lsaito

    Raleigh, NC

    (RALEIGH) Governor Josh Stein today announced two western North Carolinians who will join the Governor’s Recovery Office for Western North Carolina (GROW NC) and play a key role in Hurricane Helene recovery efforts.

    “I am committed to bringing leaders to the GROW NC team who will prioritize urgency, focus, transparency, and accountability to help rebuild western North Carolina,” said Governor Josh Stein. “I welcome to the team Sharon Decker, a former Secretary of Commerce, to serve as a Senior Advisor, and Forrest Gilliam, a former Madison County manager and legislative liaison, as Legislative Director. I am grateful for their continued service to the people of western North Carolina.” 

    “My team and I are determined to help western North Carolina rebuild and recover as quickly as possible,” said Matt Calabria, GROW NC Director. “I am excited to continue building our team with these highly qualified professionals who have deep roots in western North Carolina.”  

    “The devastation has been horrific, but the fortitude and perseverance of western North Carolinians is extraordinary,” said Sharon Decker. “We will come back, and better than before. A strong plan, with actionable steps built on improved health care, more available and affordable housing, a strong education network across the region, planned economic development, strengthened infrastructure, and collaborative community engagement is essential for ensuring our recovery leads us on a sure path for the future.”  

    Sharon Decker, Senior Advisor for Long-Term Recovery

    Sharon Decker and her nonprofit Tapestry Collaborative will contract with GROW NC to lead a collaborative effort that produces a framework and plan for long-term economic recovery as the region rebuilds. She will serve as an advisor to the Governor, GROW NC, and the Department of Commerce on long-term economic recovery, and will liaise with public, private, and social sector institutions to identify opportunities for cross-sector partnerships that advance recovery efforts. GROW NC and the Governor’s Office appreciate the support of philanthropies partnering with the state to engage Decker and her team, whose expertise and experience will help foster economic growth and help pursue opportunities to accelerate recovery. 

    A native of North Carolina, Sharon Decker has held leadership roles in the public, private, and nonprofit sectors across the state. She spent 17 years at Duke Power (now Duke Energy), becoming its first female Vice President. Her career also includes leadership at The Lynnwood Foundation, The Tapestry Group, and western North Carolina companies, including Doncaster and Tryon International. 

    In 2013, she was appointed Secretary of the North Carolina Department of Commerce by Governor Pat McCrory, where she led the creation of The Economic Development Partnership of North Carolina (EDPNC). Since 2019, Sharon has served as President of Tryon International. She and her husband, Bob, live in Polk County and remain based in Western North Carolina.

    Forrest Gilliam, Legislative Director for GROW NC

    Forrest Gilliam will join GROW NC as Legislative Director. With nearly two decades of experience across all levels of government, Forrest Gilliam’s career includes work on Capitol Hill for Congressman Heath Shuler, as a legislative and committee assistant at the North Carolina General Assembly for Representative Ray Rapp, as a member of Governor Bev Perdue’s legislative affairs team, and as director of the Governor’s Western Regional Office. In local government, Forrest served five years as county manager for Madison County. Since 2020, Forrest has contracted with the Town of Marshall as a town administrator, where he has focused on efforts to successfully secure funding for water and sewer infrastructure, with a recent focus on Hurricane Helene response and recovery. Raised in Madison County, Forrest’s involvement in civic affairs began in middle school when he helped secure state funding for a new public library. Forrest holds a B.A. in Political Science with a concentration in Public Management from Appalachian State University.

    Decker and Gilliam join colleagues from across western North Carolina and Raleigh who serve to facilitate collaboration, streamline communication, and accelerate recovery from Hurricane Helene. The work of this team is guided by Governor Stein with an emphasis on urgency, focus, transparency, and accountability.  

    Jun 3, 2025

    MIL OSI USA News –

  • MIL-OSI USA: Governor Stein Announces a $11 Million Expansion for BSH Home Appliances in Craven County, Adding Nearly 200 Jobs

    Source: US State of North Carolina

    Headline: Governor Stein Announces a $11 Million Expansion for BSH Home Appliances in Craven County, Adding Nearly 200 Jobs

    Governor Stein Announces a $11 Million Expansion for BSH Home Appliances in Craven County, Adding Nearly 200 Jobs
    lsaito

    Raleigh, NC

    (RALEIGH) Today Governor Josh Stein announced BSH Home Appliances Corporation (BSH), the home appliances division of the Bosch Group, will add 199 new jobs in Craven County. The company will invest more than $11 million to expand its New Bern facility into a hub for all U.S. innovation and manufacturing.

    “When globally known companies like BSH choose North Carolina for an expansion, it confirms the strength of our workforce,” said Governor Stein. “North Carolina has the largest manufacturing workforce in the southeast, and we look forward to BSH’s pioneering production that will create more good jobs and growth opportunities for Craven County.”

    Headquartered in Munich, Germany, with its North American headquarters in California, BSH develops and manufactures appliances offered under the Bosch, Thermador and Gaggenau brands in North America. From cooking, cooling, small appliances, dish care, laundry and more, BSH products are celebrated globally for precision engineering, world-class innovation and superior quality. This development reflects the expansion of U.S. production and development operations at its New Bern site, creating a central hub for cooking and dishwashing research, innovation and manufacturing, along with distribution and customer support for the United States. 

    “BSH’s manufacturing operation has called North Carolina home for many years, and this expansion is reflective of a valued relationship that’s deepening as we move forward,” said Darcy Clarkson, Chief Executive Officer of BSH Region North America. “New Bern’s importance to BSH is growing, and this investment is one of several new developments that will increase our footprint, create jobs and drive innovation for the company as we look to the future, with North America designated as a growth region for BSH.”

    “We’ve been proud members of the New Bern community for over 25 years, and we look forward to further strengthening our contributions to the city and region with this important expansion,” added Andy MacLaren, Chief Technology Officer of BSH Region North America.

    “BSH’s decision validates North Carolina’s reputation for manufacturing excellence,” said Commerce Secretary Lee Lilley. “This latest investment mirrors our commitment to developing our world-class workforce and training systems that help attract companies to every corner of the state.”

    This announcement builds on the meetings that BSH, Secretary Lilley, and state leaders previously held in Germany, which set the foundation for this expansion.

    While wages for the engineering, manufacturing, and logistics associates vary, the annual average salary for the new positions will be $60,779, exceeding Craven County’s average of $48,770. These new jobs could potentially create an annual payroll impact of more than $12 million for the region.

    A performance-based grant of $500,000 from the One North Carolina Fund will help the company’s expansion in North Carolina. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require matching participation from local governments, and any award is contingent upon that condition being met.

    “This expansion is a welcomed addition to Craven County and the entire state,” said Senator Bob Brinson. “The people of eastern North Carolina are well-equipped for these new, good-paying jobs, and we’re ready to support the company’s next phase of growth.”

    “BSH has been a great corporate citizen and contributor to our economy,” said Representative Steve Tyson. “We are grateful to the partnerships here on the local and state level that helped bring this investment and expansion to fruition.”

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, North Carolina Community College System, Craven Community College, North Carolina State University, North Carolina’s Southeast, Craven County, Craven 100 Alliance, City of New Bern, Duke Energy, and Piedmont Natural Gas. 

    Jun 3, 2025

    MIL OSI USA News –

  • MIL-OSI: EXL achieves the AWS Generative AI Competency

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data and AI company, announced it has achieved the Amazon Web Services (AWS) Generative AI Competency within the AWS Partner Network (APN). The designation recognizes EXL as a trusted AWS Partner with deep domain expertise and proven success in delivering generative AI (GenAI) solutions, positioning the company among a select group of organizations recommended by AWS to customers seeking advanced GenAI capabilities.

    The AWS Generative AI Competency validates EXL’s ability to help businesses harness the power of GenAI to drive innovation, improve decision-making, and enhance operational efficiencies. This achievement underscores EXL’s commitment to delivering cutting-edge AI solutions that empower enterprises across industries to unlock new levels of growth and transformation.

    “Our achievement of this competency highlights EXL’s relentless focus on pushing the boundaries of AI innovation,” said Sumit Baluja, senior vice president and global head of EXL’s ecosystem channels. “GenAI is fundamentally reshaping industries, and we’re proud to be at the forefront—partnering with our clients to unlock new value through data and AI.”

    As part of this designation, EXL has expanded its digital offerings in the AWS Marketplace, launching five cutting-edge solutions that demonstrate the company’s leadership in applied AI:

    • EXL Insurance LLM™ is an industry-specific large language model built for the insurance industry. Unlike generic AI models, it is fine-tuned with proprietary insurance datasets, using deep domain knowledge of industry-specific processes, enabling high-precision claims adjudication, and automating key workflows.
    • EXL Code Harbor™ is a generative AI-powered service leveraging a multi-agent conversion framework that accelerates the migration of legacy codebases to novel and open-source languages, as well as enhancing data and code governance. It leverages the modular capability of code conversion and optimization, code governance and documentation, and automated testing to convert the client’s codebase. It addresses the manual effort involved in writing and optimizing code to transform the process, resulting in accelerated delivery, reduced costs, and higher accuracy.
    • EXL Property Insights™ leverages AI and machine learning to provide accurate, real-time insights for underwriting, marketing, and claims. The solution extracts property attributes from high-resolution aerial imagery and combines it with additional property-level features that influence risk. With these insights, insurers can better evaluate and develop risk models and combine individual peril scores into an overall risk score.
    • EXL Paymentor℠ is an AI-powered collections and receivables platform that has enhanced over 40 million global engagements by personalizing customer outreach, optimizing strategies, and accelerating settlements. Its multilingual conversational AI, omni-channel capabilities, and real-time analytics enhance communication, decision-making, and collection efficiency.
    • EXL Smart Agent Assist™ is an AI-powered solution that enhances customer service operations with real-time conversational insights and automation. By leveraging GenAI and advanced natural language processing, it empowers contact center agents to deliver personalized, efficient support—improving first call resolution, boosting agent productivity, and reducing average handling time. With automated post-call summaries and real-time recommendations, it drives better customer experience and retention. The solution seamlessly integrates with existing customer relationship management systems, telephony systems, knowledge bases, and third-party platforms for fast, disruption-free implementation.

    This achievement further strengthens EXL’s collaboration with AWS, powering innovation that helps clients modernize, personalize experiences, and uncover new revenue opportunities through AI.

    More information about EXL’s AWS Generative AI Competency status and its comprehensive range of data and AI solutions can be found here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

  • MIL-OSI: 50 million HVLO airdrop to reward Hivello users and buy back, token now available in 130 countries via fiat

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 03, 2025 (GLOBE NEWSWIRE) — Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that its investee, Hivello Holdings, has partnered with payments company Banxa which will enable users in 130 countries to buy $HVLO directly using fiat payment gateways such as cards, bank transfers, Apple Pay, Google Pay and more.

    By integrating with Banxa, Hivello is making it easier and more accessible for anyone to participate in Decentralized Physical Infrastructure Networks (DePIN), enabling users to go from “idle device” to contributor in just a few clicks with no prior crypto experience, to earning passive income.

    Further driving the Hivello community to reward loyal users and onboard new ones, Hivello Holdings will be airdropping 50 million $HVLO tokens in August 2025. The airdrop will be on top of the rewards that users generate through their DePIN participation with greater airdrops for the most active users.

    To additionally support the value of $HVLO in the market, Hivello has committed a variable percentage of its quarterly revenue to buying back $HVLO tokens in the open market and burning them, gradually reducing the circulating supply of $HVLO.

    This approach reflects Hivello’s commitment to aligning its business growth with the broader health of its token economy, while reinforcing long-term incentives for its community.

    Justin Rosenberg, CEO of Blockmate Ventures, commented, “As the Hivello team have continued to enhance the platform to make it easier for new users to onboard and start earning, they are also making excellent strides towards enhancing the long-term value of $HVLO. By expanding accessibility to 130 countries via fiat payment gateways, rewarding loyal users through the 50M airdrop and committing to regularly buy back tokens, it is an excellent time for new users to join the platform.”

    Below are the recent press releases from Hivello:

    $HVLO Token Available via Apple Pay & Credit Card

    LONDON & AMSTERDAM, May 27 – Hivello, a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), announces that its native token $HVLO will soon be integrated with Banxa, a global fiat-to-crypto on-ramp solution trusted by leading Web3 platforms.

    This integration means that users in over 130 countries will be able to buy $HVLO directly using local fiat payment methods, including credit/debit cards, bank transfers, Apple Pay, Google Pay, and more. Crucially, users will not need to go through a centralized exchange, making it faster and simpler for anyone, regardless of technical expertise, to acquire HVLO and participate in Hivello’s growing ecosystem.

    For Hivello, this marks a meaningful step forward in its mission to onboard millions of Web2 users into Web3. By integrating with trusted platforms like Banxa, Hivello is making it even easier and more accessible for anyone to participate in DePIN, enabling users to go from “idle device” to contributor with just a few clicks, no prior crypto experience required.

    Not only is Hivello making DePIN more accessible through seamless fiat integration, but it’s doing so at the right time. According to Messari’s Q1 2025 DePIN Sector Report, the sector has already surpassed $50 billion in market cap and is projected to reach $3.5 trillion by 2028. With over 13 million devices contributing daily and $350 million in capital raised over the past year, DePIN is entering a phase of rapid expansion, and Hivello is building the infrastructure to bring everyone in.

    The integration is expected to go live in the coming weeks and HVLO will be supported directly within Banxa’s interface.

    “Banxa is a proven bridge between traditional finance and Web3,” said Holger Arians, CEO of Banxa. “This partnership accelerates our ability to reach users who’ve never touched crypto before. Our mission is to simplify access to the digital asset ecosystem. Partnering with Hivello allows us to empower millions of users to participate in the rapidly growing DePIN economy—easily, securely, and without friction. Users around the world can now go from fiat to HVLO in just a few clicks—and immediately start contributing to and earning from the decentralized economy.”

    “This is a big step toward making DePIN truly accessible to the mainstream,” said Domenic Carosa, Co-founder & Chairman of Hivello. “With Banxa, it’s now easier for anyone to buy HVLO using regular payment methods—no crypto experience needed.”

    Hivello’s “Buy Back & Burn” Initiative to Support $HVLO Growth & Sustainability

    LONDON and AMSTERDAM, May 28, 2025 — Hivello, a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), has announced plans to introduce a new “Buy back and burn” initiative, designed to strategically support the long-term value and sustainability of its native token, $HVLO.

    Under this initiative, a variable percentage of Hivello’s revenue will be allocated quarterly to buying $HVLO back off the open market and burning it, gradually reducing the circulating supply of $HVLO.

    This approach reflects Hivello’s commitment to aligning its business growth with the broader health of its token economy, while reinforcing long-term incentives for its community. Additionally, making the HVLO token deflationary by linking its supply to the performance of the rapidly growing Hivello network further aligns the token with the network for all participants.

    “We’ve seen how buy back and burn models can boost trust and sustainability when executed correctly,” added Domenic Carosa, Co-founder & Chairman of Hivello. “This initiative helps us stay community-first while building a stronger foundation for HVLO’s future utility and growth.”

    50M $HVLO Airdrop to Prioritize Uptime, Loyalty, and Integrity

    LONDON and AMSTERDAM, May 29, 2025 – Hivello, a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), has confirmed its commitment to rewarding meaningful contributions through its hugely upgraded and more sophisticated $HVLO airdrop program.

    Hivello’s airdrops were never intended to be simple giveaways, they are a core part of its strategy to recognize real users who are helping to power the decentralized physical infrastructure ecosystem (DePIN).

    As the platform grows and attracts more participants globally, Hivello has announced that its next airdrop will happen in August 2025, will be for 50 million HVLO tokens and most importantly will be materially different from Hivello’s first airdrop.

    Airdrop 2 will focus on users who consistently demonstrate high-value behavior such as sustained node uptime, long-term engagement, and the provision of real resources to DePIN networks.

    Hivello is developing an improved variable reward framework to ensure that $HVLO rewards distributed go only to legitimate node runners.

    Behavior intended to manipulate or exploit the airdrop system, such as spinning up fake or inactive nodes, or buying and selling node accounts, will not be rewarded. These practices run counter to the spirit of Hivello’s community-driven approach and will be automatically detected and result in zero rewards in this and future airdrop campaigns.

    “Airdrops shouldn’t just reward activity, they should reward contribution,” said Domenic Carosa, Co-founder & Chairman of Hivello. “This next phase is about identifying and supporting the people who are showing up, powering real infrastructure, and helping to grow the DePIN ecosystem alongside us.”

    Hivello views airdrops as a meaningful way to onboard the right users—those who believe in decentralization, contribute honestly, and help bring the Web2 audience into the world of Web3. With more than 10 DePIN protocols already integrated and thousands of contributors providing real computing power, Hivello continues to push forward in building the future of DePIN.

    About Blockmate Ventures Inc.

    Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the Company’s portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond.

    About Hivello

    Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to earn passive income by mobilizing their idle computers. We aim to create a simple app that allows users to contribute their computer resources and earn passive income, with no technical knowledge required. It’s as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all.

    Website | X | Discord | LinkedIn | Youtube

    About Banxa

    Banxa is a global on-and-off-ramp infrastructure provider that bridges the gap between traditional finance and digital assets. Operating in 130+ countries, Banxa offers fully compliant fiat-to-crypto payments, helping users and businesses access digital assets easily and securely.

    Website

    To learn more, visit www.blockmate.com.

    Blockmate welcomes investors to join the Company’s mailing list for the latest updates, webinars and industry research by subscribing at https://www.blockmate.com/subscribe.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Justin Rosenberg, CEO
    Blockmate Ventures Inc
    justin@blockmate.com
    (+1-580-262-6130)

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

    Forward-Looking Information
    This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Launches Solaris Nova App, Bringing Mobile Mining to the Masses

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 03, 2025 (GLOBE NEWSWIRE) — The future of personal finance just got a major upgrade. Bitcoin Solaris has officially launched Solaris Nova App Beta Testing for a selected group of users, a mobile-first crypto mining platform that enables anyone with a smartphone to start earning BTC-S tokens with just a tap.

    The app rollout comes at a time when accessibility and energy efficiency in crypto are more important than ever. By eliminating the need for expensive hardware or technical expertise, Solaris Nova is redefining what mining looks like in the decentralized era.

    A Phone-Based Wealth Engine

    The Solaris Nova App delivers a seamless mining experience across Android, iOS, Windows, and browser platforms. Users can begin mining BTC-S immediately through a simple interface—no ASICs, no rigs, just a smartphone and a desire to participate.

    Key features include:

    • One-click mining with adaptive performance controls
    • Integrated BTC-S wallet
    • Energy-efficiency mode for prolonged battery life
    • Cross-platform support (Android, iOS, Windows, Web)
    • Interactive tutorials for first-time users

    “Solaris Nova makes financial empowerment as easy as opening an app,” said a Bitcoin Solaris spokesperson. “We’re giving users the tools to participate in a decentralized economy—no barriers, no gatekeepers.”

    Mining for Everyone

    The BTC-S Universal Mining model is built for inclusivity. Whether using a low-budget phone or a high-performance PC, Solaris’s optimization engine ensures equitable mining access. The system is designed to foster:

    • Broader decentralization
    • Expanded global reach, including underserved regions
    • Enhanced network security
    • A sustainable mining footprint with 99.95% less energy consumption than traditional models

    The Future of DeFi Doesn’t Run on Hype—It Runs on BTC-S

    And because Bitcoin Solaris uses a hybrid PoW + DPoS consensus, it achieves lightning-fast speeds of up to 100,000 TPS with 2-second finality, while keeping the network both secure and scalable.

    Engineered for Speed and Scale

    Bitcoin Solaris uses a hybrid PoW + DPoS consensus mechanism to deliver lightning-fast transaction speeds—up to 100,000 TPS with 2-second finality—while remaining scalable, secure, and environmentally conscious.

    Core architecture highlights:

    • SHA-256 PoW base for security and miner compatibility
    • DPoS governance layer for rapid confirmation and energy efficiency
    • Daily rotating validators with performance-based slashing
    • Optional zero-knowledge proofs (ZKPs) for privacy
    • Support for smart contracts, tokenization, and DAOs

    This structure allows Bitcoin Solaris to support smart contracts, tokenized assets, DAOs, and more, all running with virtually no friction.

    Reward Model That Works for Everyone

    Bitcoin Solaris’s reward system ensures fair distribution across all participants:

    • 40% to miners
    • 25% to validators
    • 20% to stakers
    • 10% to developers
    • 5% to community initiatives

    Earnings are further optimized through a Contribution Score, which accounts for session time, device type, task complexity, and real-time network demand.

    Why the Presale Is Exploding

    With only around 8 weeks left, the Bitcoin Solaris presale is gaining massive momentum. The current price is $6, set to jump to $7 in the next phase, and then to a $20 launch price. Backed by over 11,000 users and more than $1.8 million raised, it’s being called one of the shortest and most explosive presales in the market.

    It’s no surprise influencers are taking notice. A detailed review by Crypto Legends breaks down why this project is drawing hype from every corner of the Web3 space.

    Final Thoughts: Don’t Watch History—Mine It

    Bitcoin Solaris isn’t just keeping up with the shift toward decentralized finance—it’s leading the charge. With a mobile-first approach, elite performance metrics, and a structure aligned with upcoming regulation and global adoption, it’s more than a coin. It’s a movement.

    President Trump’s executive order is about control and positioning. But your response doesn’t have to be passive. Bitcoin Solaris gives you a way to act—to mine, earn, and build your future—without needing permission.

    For more information:

    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Media Contact
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. 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.

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    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4762d5d7-71f1-4ecd-84ce-d963ff74876b

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    The MIL Network –

  • MIL-OSI: Meet With iQor CXBPO™ at Customer Contact Week Las Vegas 2025

    Source: GlobeNewswire (MIL-OSI)

    FT. LAUDERDALE, Fla., June 03, 2025 (GLOBE NEWSWIRE) — Leaders from iQor CXBPO™, an award-winning customer experience business process outsourcing (BPO) solutions provider unifying AI, analytics, and human expertise, will exhibit at Customer Contact Week (CCW) Las Vegas 2025 at Caesars Forum from June 10 to 12.

    As the world’s largest customer contact event, CCW provides a premier platform for CX leaders to explore cutting-edge innovations and strategic insights shaping the future of customer service.

    Attendees are invited to connect with iQor’s CX experts to learn how global brands are leveraging the company’s operational excellence, AI-enabled solutions, and next-generation VOC analytics to drive efficiency, reduce costs, and elevate customer satisfaction. iQor will highlight the power of its infinityAiQ™ platform, the engine that powers its revolutionary CXBPO™ model, turning every customer interaction into business intelligence and every CX process into a growth opportunity — unifying people, processes, and insights to deliver value like never before. Backed by a global team of 180+ data scientists, analysts, and Ph.D.s., iQor’s integration of AI and analytics combines proprietary tools, enriched datasets, and advanced partner technologies for exceptional CX.

    iQor will also demonstrate the benefits of its collaboration with OpenAI. iQor is the first CXBPO to integrate OpenAI’s advanced language models into its proprietary analytics platform, empowering brands to instantly analyze customer sentiment and behavior across millions of interactions. This real-time intelligence enables personalized experiences, proactive issue resolution, and smarter decision-making throughout the customer journey.

    Stop by Booth 1624 in the Expo Hall between 8 a.m. and 5 p.m. PDT on Tuesday, June 10; between 8 a.m. and 6 p.m. PDT on Wednesday, June 11; and between 8 a.m. and 5:30 p.m. PDT on Thursday, June 12, to explore how AI-driven solutions can transform your customer experience strategy.

    To book time with an iQor CX leader, visit the iQor CCW Las Vegas 2025 event page.

    To learn more about CCW Las Vegas 2025, visit the official event website.

    About iQor CXBPO™
    iQor CXBPO™ is a trusted partner in intelligent customer experience solutions, delivering exceptional results for global brands. With 40,000 employees across 10 countries, we combine 30 years of industry expertise with cutting-edge AI-driven innovations to optimize customer interactions at every stage. Our agile, scalable solutions ensure seamless omnichannel engagement, driving loyalty and measurable business success. Recognized as a Great Place to Work® and a leader in CX excellence, we elevate performance through a people-first approach, operational expertise, and secure, technology-enabled solutions. Learn more at iQor.com.

    The MIL Network –

  • MIL-OSI United Kingdom: Ask For Angela

    Source: City of Coventry

    A campaign has been launched in Coventry to raise awareness of a discreet safety initiative which provides help to people feeling vulnerable on a night out.

    Ask for Angela is a national scheme in operation at hospitality venues across Coventry City Centre and helps people to ask for help from staff if they feel unsafe, vulnerable or threatened.

    It has been operating in the city for a number of years, but there are concerns that awareness of the initiative has reduced.

    Coventry Business Improvement District (BID), Coventry City Council and West Midlands Police have joined together to ensure that the public know about the scheme and will also be working with businesses on training for employees.

    Pubs, bars, music venues, restaurants and nightclubs operate the Ask for Angela initiative, with participating venues displaying the Ask for Angela vinyl in their window after staff have completed their training.

    Staff at participating businesses are trained to recognise the safe word ‘Angela’.

    People feeling uncomfortable or unsafe at any point during their visit can simply go up to the bar and ask for Angela. This signals to staff at the venue that the individual requires help, and staff will then discreetly offer support, depending on the situation.

    The scheme is often associated only with women’s safety, however that is not the case and it can also be used by men.

    Coventry BID and Coventry City Council have partnered on launching a new online platform which will support businesses operating in night-time economy with ensuring staff are trained.

    Ask for Angela isn’t exclusively available to licenced premises, it can be utilised by all businesses, for example visitor attractions, shops and cafes can all adopt the scheme.

    Joanne Glover, Chief Executive of Coventry BID, said: “Everyone should feel safe, secure and protected when they are visiting the fantastic businesses we have in the city centre, whether they are on a date or a night out with friends.

    “We are working with businesses across the city to get as many businesses as possible to participate in Ask for Angela. We have a great community in the city’s nighttime economy that puts customer safety as its highest priority.

    “Every year thousands of people will head into the city centre for their first night out and it’s vital that we raise awareness with those people of how the scheme works, so if they are ever in a situation where they need support, they know the steps to take.”

    Cllr Abdul Salam Khan, Cabinet Member for Policing and Equalities and Deputy Leader of Coventry City Council, added: “It’s vital that all visitors to, and staff working in the city centre at any time, should feel safe. At night time, in particular it is important that people have the reassurance that they can turn to someone for support and help when they are visiting our wonderful, bars, clubs and restaurants.

    “There is a real partnership commitment to this scheme, and we would love more hospitality venues to be a part of it.”

    Chief Inspector Hamir Godhania, lead for neighbourhood policing teams in Coventry, said: “Everyone should feel safe when enjoying a night out in Coventry, and the Ask for Angela scheme is a vital part of making that happen.

    “We’re proud to be working alongside Coventry BID, Coventry City Council, and local businesses to raise awareness and ensure support is always available for anyone feeling unsafe or vulnerable. 

    “Our officers are out on patrol in and around the city centre every night—both in uniform and plain clothes—keeping a close eye on what’s happening and ready to step in if needed. If you ever feel uncomfortable or unsure, please don’t hesitate to speak to one of our officers or use the Ask for Angela scheme at participating venues. 

    “By working together, we can make Coventry a safer, more welcoming place for everyone who lives, works, and visits our city.”

    To find out more about Ask for Angela contact support@coventrybid.co.uk or licensing@coventry.gov.uk

    MIL OSI United Kingdom –

  • MIL-OSI USA: Completion of Affordable Senior Development in Buffalo

    Source: US State of New York

    overnor Kathy Hochul today announced the completion of Mt. Olive Senior Manor, an affordable housing development for seniors that builds on the State’s historic $50 million investment in Buffalo’s East Side. Developed in partnership between Mt. Olive Development Corporation and People Inc., the new building creates 65 apartments for adults aged 55 and older, including 20 apartments with supportive services for individuals struggling with homelessness, on an underutilized parcel adjacent to the Mt. Olive Baptist Church. Under Governor Hochul’s leadership, New York State Homes and Community Renewal has financed more than 11,000 affordable homes in Erie County. Mt. Olive Senior Manor continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

    “Through strong partnerships with faith-based organizations like Mt. Olive Baptist Church, we are transforming underutilized spaces into vibrant, affordable homes for New York’s seniors,” Governor Hochul said. “Mt. Olive Senior Manor reflects our commitment to delivering safe, supportive housing that meets the unique needs of the East Side’s residents, advancing our bold vision to create and preserve 100,000 affordable homes across New York.”

    The three-story development is constructed on land next door to the Mt. Olive Baptist Church that has undergone brownfield remediation. All apartments are affordable to households earning up to 50 percent of the Area Median Income.

    Twenty apartments are set aside for seniors in need of supportive services to live independently. Services and rental subsidies are funded by the Empire State Supportive Housing Initiative and administered by the New York State Department of Health. The service provider is People Inc.

    Residential amenities include a community room with kitchen, laundry facilities, bicycle storage area, management office, support service offices, multipurpose room, a lounge area, and an enclosed courtyard with walkable space and a patio. To support residents as they age, the building’s design includes features such as grab bars, low-reach shelving and cabinets, lever-style door handles, under cabinet lighting, and zero transition showers.

    The development was designed to meet the Environmental Protection Agency’s Energy Star Multifamily New Construction – Energy Rating Index compliance path. The highly energy efficient, all-electric development features include electric vehicle charging stations, Energy Star appliances and lighting, low flow plumbing fixtures, and high efficiency mechanical equipment.

    State financing for Mt. Olive Senior Manor includes support from HCR’s Federal Low-Income Housing Tax Credit Program that generated more than $13 million in equity, as well as $3.6 million in subsidy. The New York State Office of Temporary and Disability Assistance is providing $4 million through the Homeless Housing and Assistance Program. Additionally, the site participated in the New York State Department of Environmental Conservation’s successful Brownfield Cleanup Program and became eligible for $3.6 million in tax credits administered by the New York State Department of Taxation and Finance. The Buffalo Urban Renewal Agency awarded $2 million in HOME funds. NYSERDA’s New Construction – Housing Program contributed $260,000 in incentives.

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Mt. Olive Senior Manor exemplifies New York State’s commitment to creating affordable, supportive housing, including in partnership with faith-based organizations, that uplifts residents and strengthens communities like East Buffalo. This $27 million investment not only provides safe, modern homes and vital services that seniors deserve, but allows 65 households to stay and thrive in the community they love. Under Governor Hochul’s leadership, we will continue to create more housing opportunities for New Yorkers of every age and income level.”

    New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “The 20 supportive housing units created as part of this development will help older adults in Erie County who have experienced homelessness by providing a safe, stable home and access to support services that will enable them to age in place. Congratulations to Mt. Olive Baptist Church, People Inc., and all of our state and local partners on the successful completion of Mt. Olive Senior Manor.”

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “Everyone should have access to environmentally safe and affordable housing. For more than two decades, the State’s Brownfield Cleanup Program has played a critical role in cleaning up formerly contaminated sites, returning them to productive use, and supporting local revitalization efforts. DEC is proud to oversee this critical program and its contribution to achieving Governor Hochul’s affordable housing goals in communities like Buffalo, including the Mt. Olive Senior Housing Development, while supporting DEC’s mission to protect public health and the environment for all.”

    NYSERDA President and CEO Doreen M. Harris said, “Projects like Mt. Olive Senior Manor are helping shape a cleaner, more modern future for every New Yorker. Integrating the latest clean energy technology into affordable housing not only provides access to healthier, more comfortable living spaces for Western New York’s older adults, but helps improve the quality of life for many living in a historically underserved community.”

    State Senator April N. M. Baskin said, “This type of collaboration is meaningful on many levels: it’s a successful partnership between Mt. Olive and the leading human services agency in our region, People Inc.. This project also reimagines an underutilized parcel, turning it into a beautiful space benefiting our older East Side residents. Mt. Olive Baptist Manor is a safe and affordable place to call home, enabling our elders to live their best life in a way they surely deserve.”

    Erie County Legislator St. Jean Tard said, “It is an honor to celebrate the opening of Mt. Olive Senior Manor, a development that brings both hope and stability to our community. This project represents more than new construction—it’s a commitment to the well-being of our seniors, especially those who have faced the hardships of homelessness. Transforming a long-vacant site into a place of safety, care, and opportunity is a powerful reflection of what can be achieved through meaningful collaboration. I extend my sincere thanks to Mt. Olive Development Corp., People Inc., and all the partners who brought this vision to life.”

    Buffalo Common Council Member Zeneta Everhart said, “The newly constructed Mt. Olive Senior Manor located in the Masten District is an essential facility to meet the needs of our seniors and people struggling with homelessness. Thanks to major investments from the state and the Buffalo Urban Renewal Agency, what was once a vacant brownfield is now a great and affordable home for dozens of our older neighbors. I am grateful to Governor Hochul and the New York State Homes and Community Renewal for investing in our community and prioritizing the needs of vulnerable residents.”

    People Inc. President and CEO Anne McCaffrey said, “We are extremely proud to join Mt. Olive Development Corp., federal, state and local government officials in unveiling this impactful housing complex,” said Anne McCaffrey, People Inc. president and CEO. “We are providing more than just new housing. We are creating life-changing opportunities for living that are invigorating communities and meeting a critical regional need. Mt. Olive Senor Manor will help people live their best lives, which is central to People Inc.’s mission and vision for the communities we serve.”

    Governor Hochul’s Housing Agenda

    Governor Hochul is dedicated to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY26 Enacted Budget includes more than $1.5 billion in new State funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. These measures complement the Governor’s five-year, $25 billion Housing Plan, included in the FY23 Enacted Budget, to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 60,000 homes have been created or preserved to date.

    The FY25 and FY26 Enacted Budgets also strengthened the Governor’s Pro-Housing Community Program — which allows certified localities exclusive access to up to $750 million in discretionary State funding. Currently, more than 300 communities have received Pro Housing certification, including Buffalo.

    MIL OSI USA News –

  • MIL-OSI Security: St. Paul Man Sentenced in Twin Cities Stuffed Animal Fentanyl Distribution Conspiracy

    Source: Office of United States Attorneys

    ST. PAUL, Minn. – A St. Paul man was sentenced to 120 months imprisonment followed by 5 years of supervised release after pleading guilty to his part in a fentanyl distribution conspiracy, announced Acting U.S. Attorney Joseph H. Thompson.

    According to court documents, between August 2022 through December 2023, Quijuan Hosea Bankhead, 31, and others conspired to distribute fentanyl in the Twin Cities and throughout Minnesota.  To accomplish their scheme, several of the co-defendants traveled to Phoenix to obtain fentanyl pills from suppliers, hid the pills inside stuffed animals, and then mailed them to addresses in and around the Twin Cities.  Law enforcement in Dakota, Ramsey, and Washington counties became aware of the trafficking and initiated a joint investigation, which resulted in the seizure of six packages containing over 30,000 grams of fentanyl pills.

    Bankhead was sentenced on May 29, 2025, in U.S District Court before Judge Jeffrey M. Bryan.

    “Bankhead and his network smuggled deadly fentanyl into Minnesota and had the gall to hide this poison inside of children’s toys—stuffed animals,” said Acting U.S. Attorney Joseph H. Thompson.  “Bankhead will now serve a well-deserved decade in federal prison.”

    This case is the result of an investigation conducted by the U.S. Postal Inspection Service, Homeland Security Investigations, the Dakota County Drug Task Force, the Washington County Drug Task Force, and the Ramsey County Violent Crime Enforcement Team.

    Assistant U.S. Attorney Campbell Warner prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Visit to Brazil

    Source: IMF – News in Russian

    June 3, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Brazil’s economy has grown strongly over the past three years, surprising on the upside. Inflation rebounded in 2024 amid strong demand, a rise in food prices, and currency depreciation, exceeding the target tolerance interval. IMF staff expects growth to moderate in the near term as inflation converges to target, and then strengthen to 2.5 percent over the medium term.
    • The pivot to a monetary policy tightening cycle in September 2024 was appropriate and consistent with bringing inflation and inflation expectations back to the 3 percent target. In the context of heightened global policy uncertainty and inflation expectations above target-consistent levels, maintaining flexibility on the pace and length of the hiking cycle is prudent.
    • The authorities’ efforts to continue improving the fiscal position, while trying to meet social spending and investment needs, are welcome and further steps are warranted. Phasing out costly and inefficient tax expenditures, enhancing revenue administration, and tackling budget rigidities would open space for priority investments, support public debt sustainability, and facilitate a lower path of interest rates.
    • The authorities are advancing their sustainable and inclusive growth agenda. Implementation of the landmark VAT reform is proceeding and a personal income tax reform that aims to enhance equity is under discussion in Congress.

    Washington, DC: An International Monetary Fund (IMF) team, led by Daniel Leigh, conducted discussions for the 2025 Article IV Consultation with the Brazilian authorities and consulted with other stakeholders during May 20 – June 2, 2025. At the conclusion of the visit, Mr. Leigh issued the following statement:

    “Brazil’s economy has grown strongly over the past three years, surprising on the upside. Staff projects a moderation in growth from 3.4 percent in 2024 to 2.3 percent in 2025, amid tight monetary and financial conditions, a scaling back of fiscal support, and heightened global policy uncertainty. Inflation is expected to reach 5.2 percent by end-2025, before gradually converging to the 3 percent target by end-2027. The external current account deficit reached 2.8 percent of GDP in 2024, on the back of strong exports and rising imports due to stronger economic activity.

    “Over the medium term, growth is forecasted to recover to 2.5 percent, supported by the normalization of monetary policy and supportive structural factors, notably the implementation of the efficiency-enhancing VAT reform and the acceleration in hydrocarbon production. Additional structural reforms and implementation of the Ecological Transformation Plan would further boost medium-term growth prospects.

    “Risks to the growth outlook are tilted to the downside amid heightened global policy uncertainty. A sound financial system, adequate FX reserves, low reliance on FX debt, large government cash buffers, and a flexible exchange rate continue to support Brazil’s resilience.

    “The Central Bank of Brazil’s (BCB) pivot to a tightening cycle in September 2024 was appropriate and consistent with bringing inflation and inflation expectations back to the 3 percent target. Above-target near- and medium-term inflation expectations, as well as a widening positive output gap, supported the case for the BCB’s rate hikes. In the context of heightened global policy uncertainty and inflation expectations above target-consistent levels, maintaining flexibility on the pace and length of the hiking cycle is prudent.

    “The authorities’ efforts to continue improving the fiscal position, while trying to meet social spending and investment needs, are welcome and further steps are warranted. To put public debt on a firmly downward path, open space for priority investments, and facilitate a lower path of interest rates, staff recommends a sustained and more ambitious fiscal effort, supported by an enhanced fiscal framework, revenue mobilization, and spending measures. Implementation of the landmark 2023 VAT reform is expected to significantly simplify the tax system and boost productivity, and efforts rightly aim to secure revenue-neutrality.

    “The financial sector was resilient in 2024 and is expected to remain so amid higher interest rates. The authorities are implementing regulatory changes aimed at further strengthening financial sector resilience. Reforms to facilitate a reduction in household leverage are needed. At present, public banks appear well-capitalized, profitable, and liquid, and have been paying dividends to the government. Lending by public banks should continue to focus on addressing market failures, such as supporting long-term investment.

    “The BCB continues to advance its financial innovation agenda. Pix, the instant payment system developed by the BCB, now accounts for 49 percent of all electronic payments in Brazil—the most popular method, reflecting its low costs and immediate settlement. The pilot of Brazil’s Central Bank Digital Currency, Drex, has entered the second phase, where additional use cases and integration with external platforms will be tested and enhanced, while continuing to explore data privacy solutions.

    “The authorities are delivering on their inclusive and sustainable growth agenda. Structural reforms together with expanding hydrocarbon production have lifted Brazil’s medium-term growth prospects. Additional structural reforms and implementation of the Ecological Transformation Plan would further foster productivity, investment, and job-rich growth, while extending recent gains in social inclusion. Brazil has made notable progress in reducing deforestation in recent years and is on track to meet its Nationally Determined Contribution (NDC) targets.

    “The team would like to thank the authorities and private sector representatives for their support, hospitality, and constructive dialogue.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Julie Ziegler

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/03/pr-25174-brazil-imf-completes-2025-art-iv-visit

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: Nokia selected by City of Elberton to modernize broadband network and move from cable to 25G future

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia selected by City of Elberton to modernize broadband network and move from cable to 25G future

    • City of Elberton, Georgia, selects Nokia and partner ZCorum to update its aging cable broadband infrastructure and create a next-generation, 25G PON-ready fiber network.
    • Deployment marks a new digital chapter for Elberton, providing enhanced connectivity that will power the community’s education, healthcare, remote workforce and local innovations.
    • Nokia next-generation fiber and IP solutions help City of Elberton deliver on its commitment to provide faster, more reliable broadband services to its community.

    3 June 2025
    Espoo, Finland – Nokia today announced that the City of Elberton, located in Northeastern Georgia, selected its fiber and IP solutions to power its advanced broadband network serving more than 10,000 households.

    Working with ZCorum, the city will deploy Nokia’s next-generation fiber solutions and core IP routing technology as part of a broader modernization initiative that will replace its aging hybrid fiber-coaxial network. Capable of delivering multi-gigabit internet speeds, the new, future-proof, all-fiber network reflects the city’s bold commitment to deliver faster, scalable, more reliable broadband services to its residents and local businesses.

    Nokia’s fiber and IP technology will power Elberton’s new broadband network which will bring carrier-grade performance to the community. Leveraging Nokia’s fiber solution, Elberton can quickly establish a future-ready network that’s capable of addressing the growing demand for more capacity and enhanced broadband services.

    Designed to support a full range of PON technologies from XGS and 25G to 50G PON and beyond, Nokia’s solution gives Elberton the choice and flexibility to optimize its network to its specific business case and needs. Nokia’s MoCA Access solution will also be used to help ensure high-speed access is available in buildings that can’t be fiberized while its IP/MPLS routing solution establishes a scalable, reliable backbone infrastructure that’s capable of supporting the city’s growing broadband demands.
      
    ZCorum, a long-standing Nokia partner with deep operational and integration expertise, will supply, install and configure the technology on-site. ZCorum will also provide ongoing technical and operational support, ensuring a smooth rollout and sustained network performance.
    ZCorum has been providing managed broadband services and support to the City of Elberton since the municipality first launched cable modem service in 2001 and was instrumental in the city’s decision to upgrade to fiber and their choice of technology.  

    “The City of Elberton is taking the right step by investing in a reliable, future-proof fiber network that has virtually no limits in terms of the bandwidth it can deliver to meet current or future demands,” said Mark Klimek, Vice President of Fixed Networks, Nokia.

    “We’re proud to work alongside Nokia in supporting Elberton’s broadband evolution. Our mission is to make sure cities like Elberton aren’t left behind in the digital economy, and this network will be a game-changer for the region,” said Julie Compann, President and CEO, ZCorum.

    “The transformation of our city-wide network will provide enhanced connectivity that will open new doors to education, healthcare, remote work, and local innovation—marking a new digital chapter for Elberton,” said R. Daniel Graves, Mayor for the City of Elberton.                                                    

    Multimedia, technical information and related news 
    Web Page: Accelerate into Gigabit with fiber
    Web Page: Gigabit Connect
    Web Page: IP Networks
    Product Page: Altiplano Access Controller
    Product Page: Lightspan MF fiber access nodes
    Product Page: Fiber ONTs

    About Nokia
    At Nokia, we create technology that helps the world act together. 

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. 

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About ZCorum
    ZCorum provides a suite of broadband diagnostics and managed services to cable companies, telephone companies, utilities, and municipalities. As broadband providers face greater complexity and competition, ZCorum continues to help operators increase operational efficiency and reduce costs, while improving subscriber experience. This is achieved through ZCorum’s diagnostics solutions for DOCSIS, DSL and Fiber networks, plus managed services that include data and VoIP provisioning, residential and commercial VoIP service, branded email and Web hosting, along with 24×7 support for end-users. ZCorum is headquartered in Alpharetta, GA. For more information, please visit http://www.ZCorum.com.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    ZCorum
    Rick Yuzzi
    Phone: 678-507-5000
    Email: ryuzzi@zcorum.com

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    The MIL Network –

  • MIL-OSI: Big Idea Ventures and Mars Petcare Launch 2025 Global Pet Food Innovation Program in Collaboration with AAK, Bühler, and Givaudan

    Source: GlobeNewswire (MIL-OSI)

    Building on the success of last year’s program, the second round aims to find the next cohort of trailblazers who can deliver innovation in the sustainable pet food space.

    Startups from around the world are invited to apply, with selected participants to showcase their solutions at the Asia-Pacific Agri-Food Innovation Summit.

    The program continues to unite leading food and pet care experts to accelerate sustainable pet food innovation.

    New York, NY , June 03, 2025 (GLOBE NEWSWIRE) — Following the success of last year’s program, Big Idea Ventures and Mars Petcare will launch the second round of the Next Generation Pet Food Program, in collaboration with AAK, Bühler, and Givaudan.

    This initiative aims to accelerate sustainable innovation in the pet food sector by supporting startups with novel ingredients, sustainable fats and proteins, and advanced processing technologies.

    Mars is exploring alternative ingredients in its pet food products to create more sustainable, future-ready nutrition. As consumer preference evolves Mars is working to give pet parents the opportunity to make more environmentally conscious choices, while taking steps to reduce its own carbon footprint.

    This year, Givaudan, a global leader in taste and wellbeing, joins AAK and Bühler as a collaborator, offering expertise in ingredient innovation and product development for humans and pets.

    Andrew D. Ive, Founder and Managing General Partner of Big Idea Ventures, stated:
    “Working with Mars last year was fantastic! We want to take the learnings and implement them on a big scale as we continue to search for and develop sustainable solutions for the pet food ecosystem. Last year, the teams from Mars Petcare, Bühler, and AAK offered invaluable insights to our startups. Now, by integrating Givaudan into the mix, we will further enhance the resources available to the startups we choose.”

    Paul Gardner, Commercial VP, Mars Pet Nutrition added: “We must invest in innovation to help us source the best ingredients and build a future where the planet stays healthy, and where people and their pets are thriving. We’re excited to be launching the second round of this program harnessing the creativity of startups, alongside partners that share our vision”

    “We were thrilled at the enthusiastic response we got from last’s program. It is a testament that innovative startups are the driving force behind the future of sustainable pet nutrition. The program offers a unique opportunity for visionary entrepreneurs to collaborate with leading industry experts, access state-of-the-art technology, and accelerate their impact on the global petfood market. I encourage all startups with bold ideas and a passion for transformation to apply and help us shape a healthier, more sustainable future for pets and planet alike,” said Dr. Ian Roberts, CTO at Bühler Group.

    Niall Sands, President Commercial Innovation and Development, AAK, shared that the company is excited to support pet food innovators to bring nutrition and health-promoting functionality to our beloved pets. They look forward to exploring how innovation in this space is helping pet parents support and care for our 4-legged family members.

    Fabio Campanile, Global Head of Science & Technology, Givaudan Taste & Wellbeing, noted, “Givaudan is excited to be part of this program as it presents a unique opportunity to collaborate with innovative startups and partners, paving the way for a more sustainable and enriching world for pets. We look forward to building on our current capabilities in the pet food space as well as exploring new technologies.”

    Companies selected for the program will benefit from expert guidance, potential commercial partnerships, and the opportunity to showcase their solutions on a global stage at Asia-Pacific Agri-Food Innovation Summit in Singapore from November 4–6, 2025.

    Winners of the 2024 Global Pet Food Innovation Program include BiomeMega, Anomaly Bio, KIDEMIS, String Bio Private Limited, MiAlgae, who have been under the mentorship of Big Venture Idea, Mars, AAK and Bühler. The startups have gained insights from top pet food experts and collaborated with leading CPG, ingredient, and technology companies to further develop their concepts with the potential to develop future long-term collaborations.

    The program is open to startups from around the world, with a strong preference for scalable solutions that can demonstrate real-world impact and sustainability. While APAC-based startups are preferred, companies from all geographies are encouraged to apply.

    For more information, visit bigideaventures.com/petfoodprogram. Interested startups are encouraged to apply here as early as possible and will be able to do so until July 16.

     

    Media contacts:

     

    Bühler:

    Dalen Jacomino Panto, Media Relations Manager

    Bühler AG, 9240 Uzwil, Switzerland

    Phone: +41 71 955 37 57

    Mobile: +41 79 900 53 88

    E-mail: dalen.jacomino_panto@buhlergroup.com

    Katja Hartmann, Media Relations Manager

    Bühler AG, 9240 Uzwil, Schweiz

    Mobile: +41 79 483 68 07

    E-mail: katja.hartmann@buhlergroup.com

    Givaudan:

    Jeff Peppet, Content and Communications Director, T&W

    jeff.peppet@givaudan.com

    +1 513 293 3740

    AAK:

    Carl Ahlgren

    Head of Investor Relations and Corporate Communication

    IR, Communications and Brand

    Malmo, Sweden

    +46706810734

    carl.ahlgren@aak.com

    Mars:

    Alex Lloyd, Global R&D Communications Senior Manager

    Email: alex.lloyd@effem.com

    Big Idea Ventures:

    259 Nassau St Ste 2, #1292 Princeton, NJ 08542

    Shruti Salkar

    Email: news@bigideaventures.com

    About the Partners

    Big Idea Ventures

    Big Idea Ventures is the leading investor in food and agri technology globally. As one of the most active investors in the food-tech, agri-tech, and materials science sectors, we focus on identifying and investing in the most innovative and sustainable technology companies around the world. We collaborate with universities for tech transfer and by combining capital, knowledge, and partnerships, we drive economic growth and help to create food ecosystems. Our collaborations with leading corporations and governments aim to support entrepreneurs, scientists, and engineers in solving some of the world’s biggest challenges. Big Idea Ventures has teams in New York, Paris and Asia and has invested in more than 120 companies across 30 countries.

    www.bigideaventures.com

    Mars, Incorporated

    Mars, Incorporated is driven by the belief that the world we want tomorrow starts with how we do business today. As a $50bn+ family-owned business, our diverse and expanding portfolio of leading pet care products and veterinary services support pets all around the world and our quality snacking and food products delight millions of people every day. We produce some of the world’s best-loved brands including ROYAL CANIN®, PEDIGREE®, WHISKAS®, CESAR®, DOVE®, EXTRA®, M&M’S®, SNICKERS® and BEN’S ORIGINAL™. Our international networks of pet hospitals, including BANFIELD™, BLUEPEARL™, VCA™ and ANICURA™ span preventive, general, specialty, and emergency veterinary care, and our global veterinary diagnostics business ANTECH® offers breakthrough capabilities in pet diagnostics. The Mars Five Principles — Quality, Responsibility, Mutuality, Efficiency and Freedom — inspire our 150,000 Associates to act every day to help create a better world for people, pets and the planet.

    www.mars.com

    AAK

    Everything AAK does is about Making Better Happen™. We specialize in plant-based oils and fats, the value-adding ingredients in many products people love to consume. We make these products better tasting, healthier, and more sustainable. At the heart of AAK’s offer is Customer Co-Development, combining our desire to understand what Making Better Happen™ means for each customer, with the unique flexibility of our production assets, and deep knowledge of products and industries, including Chocolate & Confectionery, Bakery, Dairy, Plant-based Foods, Special Nutrition, Foodservice, and Personal Care. Our 4,100 employees support our close collaboration with customers through 25 regional sales offices, 16 dedicated Customer Innovation Centers, and with the support of more than 20 production facilities. Listed on Nasdaq Stockholm and headquartered in Malmö, Sweden, AAK has been Making Better Happen™ for more than 150 years.

    www.aak.com

    Bühler

    Bühler is driven by its purpose of creating innovations for a better world, balancing the needs of economy, humanity, and nature in all its decision-making processes. Billions of people come into contact with Bühler technologies as they cover their basic needs for food and mobility every day. Two billion people each day enjoy foods produced on Bühler equipment; and one billion people travel in vehicles manufactured using parts produced with Bühler solutions. Countless people wear eyeglasses, use smartphones, and read newspapers and magazines – all of which depend on Bühler process technologies and solutions. Having this global relevance, Bühler is in a unique position to turn today’s global challenges into sustainable business. As a technology partner for the food, feed, and mobility industries, Bühler has committed to having solutions ready to multiply by 2025 that reduce energy, waste, and water by 50% in the value chains of its customers. It also proactively collaborates with suppliers to reduce climate impacts throughout the value chain. In its own operations, Bühler has developed a pathway to achieve a 60% reduction of greenhouse gas emissions by 2030 (Greenhouse Gas Protocol Scopes 1 & 2, against a 2019 baseline). Bühler spends up to 5% of turnover on research and development annually to improve both the commercial and sustainability performance of its solutions, products, and services. In 2023, some 12,500 employees generated a turnover of CHF 3.0 billion. As a Swiss family-owned company with a history spanning 164 years, Bühler is active in 140 countries around the world and operates a global network of 105 service stations, 30 manufacturing sites, and Application & Training Centers in 25 locations.

    www.buhlergroup.com

    Givaudan

    Givaudan is a global leader in Fragrance & Beauty and Taste & Wellbeing. We celebrate the beauty of human experience by creating happier, healthier lives with love for nature. Together with our customers, we deliver food experiences, craft inspired fragrances, and develop beauty and wellbeing solutions that make people look and feel good. From your favourite drink to your daily meal, from prestige perfumes to laundry care, our products help people live happier and healthier lives, and we create them in a way that respects natural resources and the environment.

    www.givaudan.com

    The MIL Network –

  • MIL-OSI: Crypto Exchange BexBack Offers 100x Leverage, No KYC, and Up to 10 BTC Bonus for New Users

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 03, 2025 (GLOBE NEWSWIRE) — BexBack, a rising star in the crypto derivatives industry, today announced the official launch of its global crypto futures trading platform. The exchange offers up to 100x leverage, a 100% deposit bonus, and no KYC requirement, giving users around the world unprecedented access to fast, private, and flexible crypto trading.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    Built for traders of all levels, BexBack supports over 50 major crypto contracts, including BTC, ETH, XRP, SOL, and ADA. With zero spreads, no slippage, and lightning-fast execution, it delivers an institutional-grade trading experience optimized for speed and precision.

    “Our mission is to empower traders — without the limitations imposed by traditional platforms,” said David, Operations Director at BexBack. “From high leverage to fast onboarding, we remove the friction and put powerful tools in the hands of every user.”

    Double Bonus for New Users

    New users who deposit at least 0.001 BTC or 100 USDT are eligible for a 100% deposit bonus. After completing their first trade (open and close a position), users can request the $50 welcome trading bonus by emailing support@bexback.com. Once verified, the bonus will be credited to their USDT-M futures account within 24 hours.

    This $50 bonus can be used to open leveraged positions or offset potential losses, giving new traders a practical edge in volatile markets.

    Key Highlights of BexBack:

    • Up to 100x leverage on 50+ crypto contracts
    • Zero spread and no slippage execution
    • No KYC required for trading
    • Mobile and desktop friendly interface
    • Funding fee charged only once per day
    • Supports BTC, USDT, ETH, XRP, ADA, SOL and more

    BexBack has rapidly gained traction, with over 500,000 users from 200+ countries and regions. The company is registered with the U.S. FinCEN as a Money Services Business (MSB), and headquartered in Singapore with support offices in Hong Kong and other regions.

    About BexBack

    BexBack is a next-generation crypto futures trading platform that offers up to 100x leverage, deep liquidity, zero KYC onboarding, and exclusive deposit bonuses. Focused on speed, security, and user empowerment, BexBack is committed to providing a high-performance experience for traders worldwide.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this 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/587023cc-a549-4169-93e6-497f920fbe52

    https://www.globenewswire.com/NewsRoom/AttachmentNg/27e2a3c6-8195-4664-a32e-03d63cfc1161

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c676118c-e7a3-46de-adb3-04e387bf81b7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3311d6e2-ff0d-4107-9893-bf1883a2b2ef

    https://www.globenewswire.com/NewsRoom/AttachmentNg/64fef48b-6d50-42f5-a453-604aa1733714

    The MIL Network –

  • MIL-OSI: Standard Premium Finance Holdings Positioned as Safe Haven Amid Rising Tariff Pressures

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 03, 2025 (GLOBE NEWSWIRE) — Standard Premium Finance Holdings, Inc. (OTCQX: SPFX) (Standard Premium), a leading specialty finance company, today reaffirmed its position as a stable, growth-oriented domestic investment option amid rising global trade tensions and tariff-related market volatility. The Company’s U.S.-focused business model remains shielded from international trade risks, supporting continued growth performance and resilience.

    “Standard Premium operations are entirely domestic, highly regulated and unrelated to global supply chains,” says William Koppelmann, CEO, Standard Premium. “We remain impervious to the kind of market disruptions that tariffs often create across most sectors.”

    Standard Premium’s core business initiatives are rooted in a steady, service-driven model that is focused on achieving measurable growth milestones. With low exposure to international volatility and a track record of profitable growth, the Company continues to offer investors clarity and consistency.

    “We believe disciplined, transparent business models like ours offer long-term value and stability with expanded profitability, investments in growth opportunities and increased shareholder value through all market cycles,” Koppelmann adds.

    The Company also recently announced a $250,000 stock repurchase program, reinforcing confidence in its strategic direction and financial strength. The program, which runs through November 2, 2025, offers flexibility to return capital to shareholders while supporting continued growth. Backed by record profitability in FY 2024 and Q1 2025, Standard Premium remains dedicated to disciplined expansion, accelerating growth, shareholder value creation and leveraging its operational momentum to drive sustainable long-term performance across evolving market conditions.

    About Standard Premium Finance Holdings, Inc. 

    Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), is a specialty finance company which has financed premiums on over $2 Billion of property and casualty insurance policies since 1991. We currently operate in 38 states and are seeking M&A opportunities of synergistic businesses to leverage economies of scale. https://www.standardpremium.com/ 

    Cautionary Statement Regarding Forward-Looking Statements
    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended with regard to our anticipated future growth and outlook, including the Company’s current plans concerning the stock repurchase plan. Our actual results may differ from expectations presented or implied herein and, consequently, you should not rely on these forward-looking statements as predictions of future events. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or results.

    Additional information concerning risk factors relating to our business is contained in Item 1A Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2025 which is available on the SEC’s website at www.sec.gov or on the Investor Relations section of our website, standardpremium.com. 

    Media:
    Nicholas Turchiano
    CPR Marketing
    nturchiano@cpronline.com  
    201-641-1911×35

    The MIL Network –

  • MIL-OSI: Survey from Mitsubishi HC Capital America Highlights Barriers to Modernizing Supply Chains Amid Market Uncertainty

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 03, 2025 (GLOBE NEWSWIRE) — Mitsubishi HC Capital America, the leading non-bank, non-captive finance provider in North America, conducted a survey of clients across the transportation and construction industries to understand the challenges of modernizing supply chains. As manufacturers look to modernize operations and plan for future growth, these survey results will be a powerful tool for developing resilient and informed strategies for industry leaders.

    Supply chain challenges impact more than just the flow of materials — they influence project timelines, production costs, and a borrower’s ability to repay loans. For financing leaders at manufacturing organizations, these disruptions can create significant uncertainty for short-term and long-term planning. Mitsubishi HC Capital America’s recent survey results offer valuable, real-world insights that help leaders assess risk more accurately and align financing strategies with market realities.

    Survey Key Findings
    The survey findings underscore the complex and rapidly evolving challenges businesses face today. Although emerging technologies aren’t yet seen as major disruptors, policy changes and tariffs are starting to make a noticeable impact. In response, companies are taking varied approaches — some anticipate little change in their equipment needs, while others are preparing to replace aging assets or adapt their strategies to navigate growing economic uncertainty.

    At the same time, modernizing operations remains a significant hurdle for many organizations. Rising transportation costs and volatile market conditions continue to complicate efforts, particularly when integrating new technologies with outdated infrastructure — a challenge cited by 90% of survey respondents. To navigate these complexities, businesses are increasingly turning to creative financing solutions. An overwhelming 90% indicated they are likely to leverage financing for new equipment purchases to manage immediate financial pressures while investing in long-term growth. Among them, 68% preferred long-term, low-payment financing structures that support their strategic planning, as 48% cited high equipment costs as their most significant modernization challenge. Meanwhile, workforce challenges persist, with nearly half of respondents (46%) reporting issues related to a skills gap or talent shortage, adding another layer of challenges to adapting to today’s market.

    Other key insights include:

    • Rising Costs: 74% of respondents reported equipment costs have increased in the past year, with 47% seeing significant increases.
    • Skills Gap: 46% of organizations are experiencing talent shortages, with equipment purchases (53% of those addressing shortages) emerging as a key strategy to address workforce challenges.
    • Modernization: 70% consider their organizations “on track” with modernization efforts despite significant challenges, with 37% assessing their technology needs annually.
    • Business Pipeline: 69% report stable or increasing business pipelines currently, with 44% expecting continued growth in the next six months.
    • Operational Challenges: The main performance issues are staffing shortages, supply chain disruptions, and technology limitations. Some respondents also mention difficulties in accessing financing.
    • Equipment Investment: 47% of organizations purchased new equipment within the last year, with an additional 41% making purchases in the last 1-3 years, demonstrating continued investment despite economic challenges.
    • Transportation Sector Needs: 50% of respondents identified transportation and logistics as requiring the most modernization, highlighting significant pressure in this critical sector. Respondents cited specific challenges including “instability in transportation” and concerns about “transportation rates and fuel costs.”

    The survey also highlights a significant gap between how businesses currently finance equipment and their preferences. While 74% of organizations rely on traditional bank loans for equipment acquisition, the strong preference for flexible, long-term financing options indicates a significant opportunity for alternative financing approaches that better align with today’s economic realities. This is particularly relevant as businesses balance immediate cost pressures with long-term modernization needs.

    Ultimately, the survey results underscore the multifaceted challenges that organizations face as they work to modernize in a dynamic market. From rising operational costs to labor shortages, adapting is far from straightforward. However, the preference for innovative financing solutions reflects a shift in strategy as manufacturers balance short-term pressures with long-term objectives.

    Click here to learn more about the survey results.

    About Mitsubishi HC Capital America

    Mitsubishi HC Capital America is a commercial finance company that has extensive capabilities throughout North America with its affiliate, Mitsubishi HC Capital Canada, combining a consultative approach and expansive digital platform to help organizations of all sizes accelerate growth. With $7.5 billion in assets and more than 800 employees, the company is the largest non-captive, non-bank commercial finance company in North America. Mitsubishi HC Capital America partners with equipment manufacturers, dealers, and distributors, as well as end customers, in providing customized financial solutions, including transportation and commercial finance. Dedicated to improving the communities where it operates, the company is committed to the United Nations Sustainable Development Goals. Visit Mitsubishi HC Capital America for more information.

    The MIL Network –

  • India to build first-ever Polar Research Vessel as GRSE signs MoU with Norway’s Kongsberg

    Source: Government of India

    Source: Government of India (4)

    In a major milestone for India’s maritime sector, the Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, witnessed the signing of a Memorandum of Understanding (MoU) between Kolkata-based Garden Reach Shipbuilders and Engineers Limited (GRSE) and Norwegian firm Kongsberg, marking the beginning of India’s journey to build its first-ever Polar Research Vessel (PRV).

    The MoU was signed during Sonowal’s official visit to Norway as part of the Nor-Shipping 2025 event, highlighting India’s commitment to advancing oceanic and polar research capabilities while strengthening its indigenous shipbuilding industry under the ‘Make in India’ initiative.

    “Let this MoU be a beacon of hope and progress,” said Sonowal at the signing ceremony. “Together, we are building not just a vessel but a legacy of innovation, exploration, and international cooperation. Under the leadership of Prime Minister Shri Narendra Modi ji, this vessel represents a leap in India’s capabilities in ocean research and climate action.”

    The PRV will be developed with design expertise from Kongsberg and constructed by GRSE in Kolkata. It will cater to the requirements of the National Centre for Polar and Ocean Research (NCPOR), enabling scientific exploration in the polar and Southern Ocean regions. Equipped with state-of-the-art scientific instruments, the vessel will support marine research, ecosystem studies, and contribute to global climate change efforts.

    GRSE’s extensive experience in building complex maritime platforms such as warships and research vessels positions it as a natural choice for this pioneering project. The initiative is expected to enhance India’s strategic autonomy in the polar research domain and bolster the country’s maritime R&D capacity.

    While in Norway, Sonowal also participated in a high-level ministerial panel on “Shipping and Ocean Business,” where he presented India’s expanded maritime strategy—MAHASAGAR (Mutual and Holistic Advancement for Security Across the Regions)—an upgrade from the earlier SAGAR initiative..

    Sonowal emphasized the government’s ambitious Sagarmala 2.0 programme, which focuses on infrastructure modernization, shipbuilding, recycling, and logistics to position India as a global maritime hub.

    The Union Minister also held a roundtable with the Norwegian Shipowners’ Association (NSA), inviting increased investment in India’s maritime sector. Speaking alongside NSA President Harald Fotland, Sonowal underscored the shared values of sustainability and innovation between the two nations.

    India’s shipyards currently handle 11% of NSA’s global order book. Sonowal called for further expansion of these orders and encouraged recruitment from India’s seafaring workforce—ranked second in NSA’s fleet.

    He highlighted investment opportunities under the $2.9 billion Maritime Development Fund and the Sagarmala initiative, and called for collaboration in green shipping, digital innovation through platforms like ONOP and MAITRI, and sustainable ship recycling. Notably, 87% of India’s ship recycling yards are now Hong Kong Convention (HKC) compliant.

  • MIL-OSI Banking: Launch of five-part documentary series on RBI

    Source: Reserve Bank of India

    The Reserve Bank of India, in collaboration with JioHotstar, has launched a five-part documentary series titled ‘RBI Unlocked: Beyond the Rupee’. The project has been produced by Chalkboard Entertainment.

    The project was commissioned by RBI to visually document its 90-year history, with the objective of creating awareness about its various functions and roles.

    The RBI, as a full-service central bank, performs a wide range of functions including currency management, monetary policy, regulation and supervision of banks and NBFCs, regulation of currency and interest rate, markets and payment and settlement systems, and financial inclusion. This documentary portrays the essence of RBI’s functions in an intelligible manner to a wider demographic of people.

    The documentary provides a first-time insight into the working of the RBI. The episodes, starting on June 03, 2025 can be viewed at https://hotstar.com/1271419667

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/471

    MIL OSI Global Banks –