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Category: Business

  • MIL-OSI: Ex-big tech cyber leaders launch Dawnguard from stealth with $3M to rewrite DNA of cybersecurity

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, July 31, 2025 (GLOBE NEWSWIRE) — Dawnguard, a cybersecurity startup on a mission to make the digital world safer through intelligent, design-first security, has emerged from stealth with $3 million in pre-seed funding. The round was led by 9900 Capital and a group of angel investors, from scale-up founders to experienced CIOs and CISOs. The funds will be used to expand Dawnguard’s engineering team, deepen enterprise integrations, and bring its platform to broader production use.

    Dawnguard is introducing a new cybersecurity category. Rather than bolting on security in production, Dawnguard embeds it at the core of system architecture — ensuring secure, compliant, and scalable designs from the earliest phases of development.

    Dawnguard founders: CTO Kim van Lavieren and CEO Mahdi Abdulrazak.

    “Our industry treats security as a checkbox. It’s broken,” said Mahdi Abdulrazak, CEO of Dawnguard. “We built Dawnguard because security needs to be part of the system’s DNA from the start, not an afterthought. This is about aligning intent with reality, and giving teams the tools to enforce that alignment at the earliest stage and long after deployment.”

    Dawnguard’s holistic approach sets it apart. Rather than just scanning deployments or automating reviews, it provides a shared canvas for engineering and security teams to collaborate on secure, compliant architecture that also balances cost, resilience, and sustainability.

    Dawnguard was born out of a broken model – where security was reactive, slow, and dangerously disconnected from the pace of modern development. The founding team, led by CEO Mahdi Abdulrazak and CTO Kim van Lavieren, is composed of industry veterans from military and big tech companies like IBM, Microsoft and Amazon, with decades of experience running large-scale security programs and with unique experience at the intersection of security, AI, and cloud. 

    Dawnguard is set to flip shift-left and security-by-design on its head. Instead of treating security as an afterthought, Dawnguard embeds it directly into a system’s architecture, from day zero to day 10,000. The company is building various AI/ML-driven engines that integrate across the entire IT landscape to spot issues in the design phase, adapt to evolving environments, and make security native.

    “Dawnguard closes the gap between design and reality,” said Kim van Lavieren. “We’re giving teams the power to translate security intent into enforceable code so they don’t have to rely on spreadsheets, static docs, or guesswork.”

    The platform is designed for security architects, DevOps engineers, and cloud teams. At its core, Dawnguard is a security architecture automation platform purpose-built for cloud-native environments. It helps teams validate cloud infrastructure designs before deployment, automatically generate production-ready Infrastructure as Code (IaC) from validated designs, and continuously enforce security posture after deployment to eliminate drift.

    “Dawnguard isn’t just building tech — they’re rewriting the DNA of cybersecurity. In a world addicted to patching symptoms, they’ve chosen to re-engineer the root. That’s not just bold — it’s necessary,” said Dimitri van Zantvliet, Dutch Railways CISO & Chair Dutch CISO Community, and a Dawnguard investor and advisor.

    “Hundreds of security tools overwhelm CISOs with promises of better detection, yet few tackle the root issue: design flaws in code that AI-driven threats exploit. As attacks grow smarter, defenses must shift left—embedding resilience at the codebase. We are excited to back Dawnguard, who build protection by design, not patch by necessity,” said Chris Corbishley, Managing Partner 9900 Capital.

    Looking ahead, Dawnguard aims to reshape how the industry embeds security in the AI era. The company plans to expand its platform to support more dynamic environments, close the security gap between “vibe coding” and the infrastructure where GenAI coded applications run, and deliver a new operating model for building trust at scale.

    “With software moving faster than ever, security can’t be stuck in the past,” Abdulrazak said. “We’re creating the platform that makes secure architecture not just possible, but inevitable.”

    Media images can be found here. 

    About Dawnguard
    Dawnguard’s mission is to redefine cybersecurity with a platform that enables true shift-left security, from day zero to day 10,000. For more information please visit https://dawnguard.ai/

    About 9900 Capital
    9900 Capital is a global investment firm backing category-defining software companies that address the world’s most pressing challenges—from building resilient supply chains to more secure cyber infrastructure. Founded in 2023 by Chris Corbishley (formerly of Hedosophia) and Rory Mounsey-Heysham (formerly of the Bill Gates Foundation), the firm is driven by a philosophy of Benevolent Disruption, which takes a data-driven approach to uncovering extraordinary commercial opportunities that deliver meaningful, systemic change.

    The MIL Network –

  • MIL-OSI: Taglich Brothers Initiates Coverage of Banzai International, Inc.

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — Taglich Brothers, Inc. announces that it has initiated coverage of Banzai International, Inc. (NASDAQ: BNZI).

    Banzai International, Inc., headquartered in Bainbridge Island, WA, is a software-as-a-service marketing technology (MarTech) company that provides data and AI-driven marketing and sales solutions for businesses of all sizes. The company’s long-term vision is to assist its clients accomplish their mission by enabling enhanced marketing, sales, and customer engagement outcomes through increasingly sophisticated AI-driven analytics and data-driven applications. BNZI is in the process of consolidating mission-critical, sub-scale AI-driven MarTech platform offerings within areas of customer acquisition, customer engagement, and data analytics for campaign optimization, which should drive increased annualized recurring revenue sales through cross-selling opportunities of a larger suite of technology platform offerings.

    The complete 19-page report is available at https://www.taglichbrothers.com/

    Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

    We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Axos Clearing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. As of the date of this report, we, our affiliates, any officer, director or stockholder, or any member of their families do not have a position in the stock of the company mentioned in this report. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned in this report and was not a manager or co-manager of any offering for the company within the last three years.

    All research issued by Taglich Brothers, Inc. is based on public information. In July 2025, the company paid Taglich Brothers a monetary fee of $9,000 (USD) representing payment for the creation and dissemination of research reports for three months. Three-months after publication of the initial report (November 2025), the company will begin paying Taglich Brothers a monthly monetary fee of $3,000 (USD) for the creation and dissemination of research reports for a minimum of twelve months after the date the initiation report is first published.

    Contact:
    Rick Oh
    Taglich Brothers, Inc.
    631-757-1500

    The MIL Network –

  • MIL-OSI: Flexera Launches New Unified SaaS Management Solution to Improve Visibility for Shadow AI and Rein in Growing Costs for SaaS Applications

    Source: GlobeNewswire (MIL-OSI)

    ITASCA, Ill., July 31, 2025 (GLOBE NEWSWIRE) — Flexera, the global leader in technology spend and risk intelligence, today announces the launch of Flexera One SaaS Management, delivering the industry’s most comprehensive approach to SaaS discovery, optimization and control. The next generation solution combines the strengths of both Flexera and Snow SaaS management applications, enabling organizations to effectively gain complete visibility over SaaS applications and AI tools, save costs and mitigate risks.

    Organizations are increasingly navigating complex SaaS environments, often relying solely on financial discovery methods to manage their assets. However, this singular approach is insufficient for gaining a mature and complete view of their ecosystem. The latest challenge in SaaS is the rise in shadow AI, where many free AI applications go undetected and undiscovered. The Flexera 2025 State of ITAM Report shows that only 43% of respondents reported complete visibility across IT assets, down from 47% last year. This lack of a comprehensive view of a company’s ecosystem hinders cost optimization and increases the risk of shadow IT, SaaS sprawl and compliance violations, making a more complete discovery solution essential for holistic SaaS management.

    “The rapid adoption of AI is reshaping the SaaS landscape, introducing new challenges like shadow AI,” said Brian Shannon, chief technology officer at Flexera. “Enterprises are struggling with SaaS sprawl, the demands for stricter oversight and governance in the age of AI. Our unified Flexera One SaaS Management solution addresses these shifting challenges, especially as businesses integrate AI more strategically. With this launch, we’re redefining advanced SaaS optimization and reinforcing our leadership in the SaaS management market.”  

    Improve visibility and control over SaaS landscape

    Today, organizations require a complete and unified view of their SaaS ecosystem. Flexera One SaaS Management consolidates data on SaaS and AI application usage and spend into a single, integrated platform. With Flexera’s market-leading visibility, organizations can reduce unnecessary spending, rationalize overlapping tools, and monitor usage trends in real time.

    New or enhanced features include:

    • The most complete discovery engine in market that utilizes a comprehensive range of discovery methods, including Browser and Financial Discovery, Agent, API, Cloud Access Security Broker (CASB), and Single-Sign On (SSO), the solution ensures that all SaaS (including sanctioned and unsanctioned) and employee use of AI is broadly covered.
    • Enhanced control over critical SaaS applications through robust enterprise-ready API integrations with key SaaS providers like Microsoft 365, Salesforce and ServiceNow, for a comprehensive analysis of license details, offering insights into previously unknown costs.
    • Advanced insights that integrate usage intelligence, financial data and automated remediation to offer insights on underutilized licenses or features and downgrades app tiers based on actual usage.
    • Enhanced security and governance that enables IT to enforce security policies, manage user access and maintain better control over an IT environment.

    “Before Flexera, our SaaS management was fragmented and manual, making even routine tasks like audit preparation and license reconciliation extremely time-consuming and resource-intensive,” stated Clare Tonkin, Head of Software License Management at Thames Water. “Flexera has transformed our approach, providing near real-time visibility and a unified data model. This has eliminated blind spots, accelerated risk mitigation, and replaced guesswork with confidence, allowing us to move from reactive to proactive governance.”

    Flexera’s continuous innovation in SaaS management will provide customers with essential technology to stay ahead of the evolving application landscape and increasingly decentralized software adoption. The creation of a unified platform further showcases Flexera’s commitment to continuous investment in the Snow portfolio, underscoring a dedication to enhancing support and providing comprehensive solutions for customers.

    Flexera One SaaS Management is available today. For more information, visit https://www.flexera.com/products/flexera-one/saas-management

    More Resources

    Follow Flexera

    About Flexera

    Flexera helps organizations understand and maximize the value of their technology, saving billions of dollars in wasted spend. Powered by the Flexera Technology Intelligence Platform, our award-winning IT asset management, FinOps and SaaS management solutions provide comprehensive visibility and actionable insights on an organization’s entire IT ecosystem. This intelligence enables IT, finance, procurement, FinOps and cloud teams to address skyrocketing costs, optimize spend, mitigate risk and identify opportunities to create positive business outcomes. More than 50,000 global organizations rely on Flexera and its Technopedia reference library, the largest repository of technology asset data. Learn more at flexera.com.

    For more information, contact:
    Ciri Haugh
    Flexera
    publicrelations@flexera.com

    The MIL Network –

  • MIL-OSI USA: Welch Calls for Vote on Bipartisan CANADA Act Ahead of Trump’s  August 1 Tariff Deadline 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    CANADA Act would exempt U.S.-owned small businesses from tariffs imposed on Canada 
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, this week pushed for a vote on his bipartisan Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act, legislation to exempt United States-owned small businesses from tariffs imposed on Canada. Senate Republicans blocked the unanimous consent request and refused to support small businesses in their states.  
    Senator Welch took to the Senate Floor to slam the Trump Administration’s plan to increase tariffs and enact new sweeping global tariffs on August 1. Senator Welch also spoke in support of his bipartisan bill, the CANADA Act: 
    “This trade war is yet another example of the Trump Administration’s chaos, cruelty, and corruption: Chaos for Vermont’s small businesses, farmers, and manufacturers who don’t know what to expect day-to-day; Cruelty for America’s working families, who will pay more because of this reckless trade policy; and Corruption by President Trump himself, who has created an access economy focused on self-dealing,” said Senator Welch in his remarks. “I urge my colleagues on both sides of the aisle to support the CANADA Act, and in-turn support small businesses in their state.” 
    Watch Senator Welch’s floor remarks here: 

    The CANADA Act is led by Senator Welch and cosponsored by Senate Democratic Leader Chuck Schumer (D-N.Y.) and Senators Jeanne Shaheen (D-N.H.), Lisa Murkowski (R-Alaska), Tim Kaine (D-Va.), Susan Collins (R-Maine), Ed Markey (D-Mass.), and Ron Wyden (D-Ore.). The CANADA Act is supported by Main Street Alliance and Small Business Majority. 
    In 2024 alone, trade with Canada accounted for 35% of Vermont’s exports, 67% of its imports, and 56% of its total trade. One in four businesses in Vermont relies on trade with Canada. Vermont buys more goods from Canada than the next nine largest foreign markets combined. In 2023, Vermont exported $150 million just in food and agricultural products to Canada.  
    Vermont boasts nearly 82,000 small businesses, which represent 99% of all businesses in the state, and employ over 62% of Vermont’s overall workforce—higher than the national average. Small businesses in Vermont also employ a diverse workforce, with 43.8% of small businesses in the state owned by women and 6% owned by veterans. 
    Senator Welch has blasted Trump’s tariffs and trade war and shared stories from constituents about how President Trump’s economic policies have impacted their businesses, farms, and communities. Senator Welch is a cosponsor of a bipartisan resolution to repeal the tariffs on Canada, a bipartisan bill to restore congressional tariff authority, a bill to restrict the Executive Branch’s authority to impose tariffs through the International Economic Emergency Powers Act, and a bill to exempt small businesses from the April 2nd global tariff Executive Order. Senator Welch also led a bipartisan resolution to end President Trump’s ruinous global tariffs.      
    In May, Senator Welch joined a bipartisan delegation and traveled to Ottawa to meet with Canadian dignitaries, including Prime Minister Mark Carney, to discuss bipartisan support for a U.S.-Canada partnership and their commitment to a strong trading relationship between the United States and Canada. The Senator has hosted roundtables in Stowe, Newport, St. Albans, Manchester, and virtually to hear concerns and first-hand stories from Vermont and Canadian leaders impacted by the trade war. 

    MIL OSI USA News –

  • MIL-OSI Analysis: Flawed notions of objectivity are hampering Canadian newsrooms when it comes to Gaza

    Source: The Conversation – Canada – By Gabriela Perdomo, Assistant Professor, Mount Royal University

    The response of Canada’s legacy news media to the Israeli government’s military action in Gaza for more than 640 days points to a problem within major Canadian news organizations, according to a new Canadian book, When Genocide Wasn’t News.

    In the book, journalists — some writing under pseudonyms — say their newsrooms have been severely hampered by a culture of fear and an adherence to a notion of objectivity that no longer serves the public.

    Israel’s relentless military actions in the Gaza Strip following the Oct. 7, 2023 attack and taking of 251 hostages by Hamas should be prominently featured news. The Israeli Defence Forces’ illegal attacks on children, hospitals and aid workers should also be making constant headlines. But news coverage on these attacks is scarce or misleading.

    I research and teach media, monitor the news and edit an online publication about journalism in Canada. My PhD thesis focused on Latin America and examined how the mandate to be objective can be confusing in times of war. I also explored questions about how journalists understand and apply objectivity in different contexts.

    I found journalists who support peace efforts can easily be accused of being “biased” in favour of those promoting peace.

    Not all wars covered equally

    Not all wars are covered the same. Noureddine Miladi, a media and communications professor at Qatar University, found Russia’s invasion of Ukraine in 2022 received far greater coverage in mainstream media than the war in Gaza. Part of this difference in coverage lies in the ability to send reporters to cover events first hand, which is impossible in the Gaza Strip, where outside journalists are banned from entry.



    Read more:
    The chilling effects of trying to report on the Israel-Gaza war

    Another major factor affecting coverage is how newsrooms understand and apply their norms, including objectivity. Journalism production is influenced and impacted by the dynamics of place and power that surround it.

    As Carleton University journalism professor Duncan McCue argues, an unexamined adherence to objectivity can perpetuate colonial points of view. University of British Columbia journalism professors Candis Callison and Mary Lynn Young, authors of a book about journalism’s racial reckoning in Canada, also make this argument.

    Accusations of antisemitism

    Accusations of bias can have an outsized impact on reporting and be used to silence journalists.

    According to some journalists, there is an atmosphere of fear when it comes to reporting on the Middle East in mainstream newsrooms in Canada. Some have self-censored in response to threats.

    Not only do journalists say they are facing threats, they also face a context in which governments, such as the province of Ontario, are adhering to definitions of antisemitism that equate it to criticism of Israel.

    In Canada, news organizations and individual journalists attempting to report on the violence in the Gaza Strip are being accused of antisemitism by groups such as Honest Reporting, according to the Canadian Press Freedom Project. This means almost anyone reporting on the Israeli government’s actions in Gaza will receive hundreds of messages claiming the report is antisemitic.

    Since many scholars and the United Nations Special Committee to investigate Israeli practices have called the Israeli government’s methods “consistent with genocide, including use of starvation as weapon of war,” urgent reporting is needed — and it’s not antisemitism to call out what experts have labelled global injustices.

    Left-wing bias?

    The culmination of decades of this type of criticism of news media has included a right-wing narrative that accuses media of a liberal bias. The trope of the liberal media as a threat has had a steady hold of the public imagination across North America since the Cold War.

    Reporters who focused on stories about human rights, questioned the tactics and budgets of the military industrial complex or challenged the mistreatment of socialist activists as being unpatriotic were accused of having a liberal, left-wing, even communist, slant.

    This isn’t a phemomenon limited to North America. Latin American politicians have a long history of using “left-wing bias” labels as a powerful tool to intimidate journalists.



    Read more:
    How news coverage influences countries’ emergency aid budgets – new research

    What do journalists owe peace?

    Research shows that audiences value objective journalism, or reporting that they deem non-partisan and keeps opinions at bay. But consumers also increasingly value journalism that is empathetic and emotionally resonant.

    After United States President Donald Trump was first elected in 2016, journalism scholars recognized that a major failure of news coverage during the presidential campaign was not calling things what they were. For example, journalists used euphemisms such as “he misspoke” instead of reporting that Trump was lying, contributing to a crisis of relevance in journalism.

    According to the Committee to Protect Journalists, the Israel-Gaza war has killed more journalistsr than in any other conflict it’s documented. But the allegedly deliberate targeting of journalists in Gaza, of whom at least 225 have been killed, has garnered little attention in newsrooms, despite calls by dozens of independent journalists to make the issue more visible.

    This is another unprecedented set of events that should be reported on for Canadian audiences.

    How will Canadian newsrooms do better? One idea could be that newsrooms join forces to fend off accusations of bias and antisemitism. They could start with reclaiming objectivity as a practice of information-gathering and moving away from objectivity as an ideal of dispassionate reporting.

    They could also embrace, instead of fear, journalism’s liberal roots and reclaim journalism from a standpoint of clarity where actions against the rule of law, abuses of power, war profiteering, crimes against humanity — any illiberal acts — clearly fall on the wrong side of the liberal-democratic balance and therefore demand to be denounced. As veteran CBC journalist Carol Off has said, we need to denounce illiberal acts as anti-democratic ideology.

    Every inhabitant of Gaza remains in imminent peril today, and the media have a responsibility to inform us about it.

    Gabriela Perdomo 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. Flawed notions of objectivity are hampering Canadian newsrooms when it comes to Gaza – https://theconversation.com/flawed-notions-of-objectivity-are-hampering-canadian-newsrooms-when-it-comes-to-gaza-260552

    MIL OSI Analysis –

  • MIL-OSI Banking: RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 01, 2025

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, August 01, 2025, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor (day) Window Timing Date of Reversal
    1 2,00,000 7 9:30 AM to 10:00 AM August 08, 2025
    (Friday)

    2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/819

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Five companies shut down for filing false and forged accounts

    Source: United Kingdom – Executive Government & Departments

    Press release

    Five companies shut down for filing false and forged accounts

    Companies falsely claimed to have hundreds of millions of pounds in turnover and profits

    • Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd filed false accounts showing turnovers of up to £642 million despite having no genuine business activity 

    • All five companies shared office addresses in South London and Croydon. They also falsely named reputable accountants as auditors, and failed to co-operate with Insolvency Service investigations before being shut down 

    • The companies were investigated by the Insolvency Service as a result of referrals from Companies House following legislation to improve corporate standards 

    Five companies which submitted false accounts showing hundreds of millions of pounds of profits have been shut down following investigations by the Insolvency Service and Companies House. 

    Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd claimed to trade as everything from supermarkets to car dealerships but no evidence was found of any true business activity. 

    The Insolvency Service investigations came following referrals from Companies House as part of the implementation of the Economic Crime and Corporate Transparency Act 2023, introduced to improve transparency over UK companies. 

    Companies House now has powers to remove false, misleading or incorrect information from company registers. The Act also strengthens collaboration between the Insolvency Service and Companies House to crack down on the misuse of UK corporate structures. 

    The five companies were all wound-up at the High Court in Manchester on Thursday 31 July. 

    Dave Magrath, Director of Investigation and Enforcement Services at the Insolvency Service, said: 

    Our investigators were concerned that there was a genuine risk that these wildly inaccurate accounts could have been used to mislead potential customers and suppliers into providing credit in the future based on completely fabricated financial information. 

    Protecting the integrity of the Companies House register is crucial because UK businesses rely on this information to make informed decisions about who they trade with, lend to, and invest in. When companies submit false information, it undermines confidence in our entire business environment. 

    By working together with Companies House, we can take decisive action to remove rogue companies from the system. This protects legitimate businesses and delivers the economic confidence that underpins growth and prosperity.

    Investigations found that the companies were connected through a shared director and/or shareholder and registered office addresses in South Croydon and South London. 

    All submitted accounts claiming hundreds of millions of pounds in profits but containing glaring inconsistencies. Each company also falsely named respected chartered accountants and solicitors in the accounts. 

    Automarket Europe Limited claimed a turnover of £327 million and net profit of £198 million for 2022. However, its declared assets jumped from £629,220 in 2021 to £84 million in the following year’s accounts – with no explanation for the increase. 

    Integra Group Limited reported similar figures, claiming £302 million turnover and £186 million profit for 2022. Again, net assets leapt from £602,374 in 2021 to £233 million in 2022. 

    Maxell Limited went even further, claiming a turnover of £440 million and £229 million in profits in 2022. According to its accounts, assets grew from £618,496 to £422 million in one year. 

    Montana & Montana Limited falsely named PricewaterhouseCoopers (PWC) as its auditors across multiple years. PWC confirmed they had never worked for the company and requested the accounts be removed. The company’s supposed assets ranged from minus £20 million to plus £194 million. 

    Supermarket Plus Ltd claimed the highest turnover of all – £642 million – with £330 million profit in 2022. Its assets supposedly increased from £402,431 to £410 million. 

    Despite the filed accounts claiming the companies ran substantial operations, they were written in poor English and provided no evidence of genuine trading activity.  

    All five companies failed to co-operate with Insolvency Service investigations or provide up-to-date accounting records. 

    Accounts filed by Automarket Europe Limited, Maxell Limited, and Supermarket Plus Ltd were also removed from Companies House after being found to be “factually inaccurate and forged”. 

    Adrian Landeg, Head of Integrity, Compliance & Enforcement at Companies House, said: 

    By working closely with our stakeholders we’re now able to utilise the powers in the Economic Crime and Corporate Transparency Act to take decisive action where false, misleading, or incorrect information is identified on the register. 

    These powers have also strengthened collaboration with our partners at the Insolvency Service which, as this case demonstrates, enables us to crack down on the misuse of UK corporate structures, improve the quality of information on the register and support economic growth.

    The Official Receiver has been appointed as liquidator of Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd. 

    All enquiries concerning the affairs of the five companies should be made to the Official Receiver of the Public Interest Unit: 16th Floor, 1 Westfield Avenue, Stratford, London, E20 1HZ. Email piu.or@insolvency.gov.uk. 

    Further information  

    About us 

    The Insolvency Service is a government agency that helps to deliver economic confidence by supporting those in financial distress, tackling financial wrongdoing and maximising returns to creditors. 

    The Insolvency Service is an executive agency, sponsored by the Department for Business and Trade. 

    Read more about what we do 

    Press Office 

    Journalists with enquiries can call the Insolvency Service Press Office on 0303 003 1743 or email press.office@insolvency.gov.uk (Monday to Friday, 9am to 5pm). 

    Out of hours 

    For any out of hours media enquiries, please contact the Department for Business and Trade (DBT) newsdesk on 020 7215 2000.

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Introducing 1 Hour Payday Loans Online from 1F Cash Advance! Experience Instant Approval Loans with No Credit Check and Get Your Quick Cash the Same Day You Apply

    Source: GlobeNewswire (MIL-OSI)

    BOULDER, Colo., July 31, 2025 (GLOBE NEWSWIRE) — 1F Cash Advance, a responsive fintech committed to delivering fast, people-focused financial solutions, today announces the nationwide launch of its enhanced 1-Hour Payday Loan product. Designed to support Americans with bad credit facing unexpected expenses, the product offers quick financial relief. It addresses record-high financial stress levels affecting households across the country.

    Get Cash in 1 Hour – Apply for a Payday Loan Today!

    1F Cash Advance leverages AI and machine learning to evaluate a broader range of data points, such as social media activity, online transaction patterns, and utility payments, to assess borrower creditworthiness. This innovative approach eliminates the need for a traditional credit check, a benefit that is appreciated by people with limited or poor credit history who are often rejected by banks.

    Using advanced AI analytics, 1F Cash Advance creates personalized loan packages tailored to each borrower’s unique financial profile and needs. This ensures borrowers receive customized solutions rather than standardized, one-size-fits-all offers.

    “Our 1-hour payday loans are built for speed. You apply online, answer a few quick questions, and hear back in minutes,” says Marsha Welch, financial expert at 1F Cash Advance. “The whole idea is to resolve the emergency immediately before it turns into something more serious.”

    As financial demands become more varied and time-sensitive, 1F Cash Advance has expanded its offerings, developing multiple loan options that address a wide range of everyday challenges:

    Today, the urgency and scale of consumer financial insecurity have intensified throughout 2024 and into 2025. The following statistics illustrate this trend:

    • Consumer prices rose by 3.0% over the year leading up to January 2025, according to the U.S. Bureau of Labor Statistics. Many families are still feeling the pressure, even though inflation isn’t as high as it was in 2022.
    • About 37% of Americans say they wouldn’t be able to handle a $400 emergency expense, based on a Federal Reserve report.
    • More than 12 million people now rely on short-term payday loans each year. Just three years ago, that number was around 900,000.

    1-hour payday loans fit today’s fast-paced lifestyle, letting qualified borrowers get $100 to $1,000 almost instantly. You receive a guaranteed approval with no credit check and repay the loan by your next paycheck. The goal: to help Americans manage pressing financial obligations, such as rent, utilities, medical bills, or car repairs, without unnecessary delays or burdensome red tape.

    Apply Now for a 1 Hour Payday Loan – Quick Approval, Instant Relief!

    Unlike conventional loans, which often require collateral or an extensive credit history, these cash advances are unsecured and highly accessible. Applicants need only meet basic eligibility criteria: be a legal adult with a government-issued ID, a consistent income stream, and an active checking account.

    1F Cash Advance utilizes automated systems to verify income and banking history in real-time, without relying on full credit reports. Once approved, funds are deposited directly into the customer’s bank account the same day.

    “It’s a practice that keeps doors open to more people, even for those with bad credit history,” says Latoria Williams, founder & CEO at 1F Cash Advance. “In many cases, approvals arrive in as little as 15 minutes, and the money is on its way before the end of the day.”

    “Speed matters when you’re staring down a utility shutoff or an urgent repair,” adds Marsha Welch. “But clarity is just as important. Even a fast form at 1F Cash Advance is still a legal contract.”

    What makes 1-hour payday loans so appealing is their simplicity: one online form replaces piles of paperwork, no collateral changes hands, and everything stays confidential. The company believes it provides a modern alternative to borrowing from friends or paying overdraft fees, especially for households with tight budgets.

    For many, bridging a short-term cash gap with a clear, straightforward option is well worth the service cost. While fees typically range from $10 to $30 per $100 borrowed, responsible borrowing and transparent terms keep the process manageable. Edward Evans, managing editor and money management expert at 1F Cash Advance, argues that clear disclosures and automated underwriting keep the process transparent: “Fast money should never mean hidden terms. Our goal is relief today without regret tomorrow.”

    From the Field: Statistics & Real Voices of Local Managers

    Experts from 1F Cash Advance analyzed data from their offices nationwide to determine the source of online applications. The leaders were Texas, California, Florida, and Mississippi; these four states account for the majority of commission fees. 1F Cash Advance experts predict that this figure will grow even more in 2024 after receiving final data.

    Usage maps highlight strong demand across the South, Midwest, and Western states. Meanwhile, in regions like New York, Massachusetts, West Virginia, and Oregon, where lending rules are more restrictive, activity remains minimal.

    “1-hour payday loans requests have increased by about 40% over the past two months. Most are for repairs, vehicle or HVAC, a consistent theme.” – José Ramirez, manager from the Texas office.

    “High cost of living in LA and the Bay Area means urgent needs crop up often. We’ve seen overdraft protections and quick payday solutions become essential tools.” – Priya Singh, manager from the California location

    “Midwestern tight budgets show demand for low-sum advances, typical borrowings are $300–$500, often for auto or rent.” – Mark Walters, loan officer from the Ohio store

    “Tourism jobs with irregular pay cycles push us into gig-focused solutions. Approvals are up 35% year‑over‑year.” – Maria Lopez, manager from the Florida store

    1F Cash Advance has emerged as a nimble fintech leader in an industry now serving over $21 million annually in short-term loans.

    Their early adoption of immediately payout technology, combined with strong compliance controls and credit risk data analytics, positions us for rapid scaling. Key metrics include:

    • Year-over-year loan volume increased by 75% in Q1 2025.
    • Net default rate held below 8%, significantly lower than the 15–20% industry average.
    • Customer retention rate exceeds 60%, with high repeat usage among borrowers with stable repayment histories.

    Regional differences in short-term lending come down to two main factors: what states allow and local economic conditions. Texas and Mississippi have looser rules, so people use 1-hour payday loan services more. New York, Massachusetts, and Oregon have strict laws that basically shut down access.

    The economy plays a big role too. California and Florida have tons of gig workers – Uber drivers, delivery people, restaurant staff – who never know what their next paycheck will look like. In tourist areas like Florida and parts of Tennessee, work is seasonal and people get stuck between jobs. Rural areas down South and in the Midwest deal with bad credit and high unemployment, so folks can’t get regular bank loans.

    Things might change next year. Some Midwest states are talking about copying Illinois and capping rates at 36%. 1F Cash Advance worry’s this could backfire – if rates get too low, people might end up borrowing from sketchy offshore websites instead.

    Rising Demand for 1-Hour Payday Loans: Key Reasons

    All signs indicate that the demand for 1-hour Payday Loans will grow, and there are several reasons for this.

    On May 29, 2025, a federal appeals court allowed President Trump’s 10% import tariff to remain in place while legal battles continued. As a result, many retailers are warning customers to expect higher prices on everyday goods as additional costs are passed through the supply chain.

    And Americans are already reacting. According to 1F Cash Advance, 1-hour payday loan inquiries increased by 19% in just one week following the court decision.

    “When prices rise before paychecks do, families look for fast cash that arrives the right now,” explains Latoria Williams.

    Additionally, the gig economy continues to expand. Upwork’s Freelance Forward report reveals that 38% of U.S. workers, about 64 million people, now earn their main income through freelance or gig work. These workers don’t receive paid time off and often wait for client payments, meaning their income can fluctuate significantly from one week to the next.

    “Freelancers can plan their budget, but they can’t lock in a payday,” says Edward Evans. When a client pays late, even a quick $300 advance can be the difference between missing rent and staying on track with repairs. Technology is making access to emergency funds even easier — another reason why interest is growing.

    How Technology Redefining 1-Hour Payday Loans

    As AI-powered approval tools and real-time access to banking data gain traction, a new era of financial inclusion and responsiveness is emerging. Technologies like FedNow®, the Federal Reserve’s real-time payment service, are paving the way for 24/7 banking, including nights and weekends — a significant step forward in meeting the demands of today’s digital-first economy.

    Artificial intelligence is transforming the way creditworthiness is assessed. Instead of relying solely on traditional FICO scores, modern AI models evaluate a broader range of financial behaviors, such as transaction history, income stability, and bill payment patterns. This shift expands access to credit for millions who were previously overlooked by traditional systems, especially gig workers and individuals with non-traditional income streams.

    The launch of FedNow® brings true real-time payments to the U.S. financial system. For consumers, this means instant access to funds — whether it’s loan disbursements, paychecks, or repayments. For lenders, it enables a smooth and efficient flow of capital, improving both borrower satisfaction and operational processes.

    These innovations are particularly important for underbanked populations and gig workers, who often face inconsistent income and limited access to credit. Borrowers with poor credit can get guaranteed approval through AI-driven decisions and instant funding. Flexible repayment schedules match their payday or gig income, making it easier to manage unique financial needs.

    How These Advances Position 1F Cash Advance

    All this tech progress means 1F Cash Advance can offer 1-hour loan services that actually work. They’re not just promising speed — they can deliver it. Here’s how they stack up against your other options when you need cash fast:

    Feature 1F Cash Advance Traditional Banks Credit Cards Other Payday Lenders
    Approval Speed Within 15 minutes Days to weeks Instantly if approved Same day or next day
    Funding Time Usually within 24 hours or the same day  1–5 business days Immediately usable Often same-day
    Transparency Clear fees & terms upfront Regulated disclosure Hidden fees, variable APR Often vague or misleading
    Credit Score Impact Soft check or none Hard check, strict Depends on usage No credit check advertised
    Accessibility Online, low barriers High credit & income reqs Credit-dependent Widely available
    Loan Amounts $100–$5,000 typical $1,000–$50,000 Based on the limit $100–$1,500
    Repayment Flexibility Flexible terms Strict terms High interest if unpaid Lump sum or rollover fees
    Use Case Fit Emergency, short-term needs Large, planned expenses Ongoing purchases Emergency, short-term
             

    Quick Cash in Just 1 Hour – Payday Loans with Guaranteed Approval!

    Look, what used to be cutting-edge is becoming standard. Everyone expects faster service now, whether it’s food delivery or getting a loan with no credit check. The combination of smart AI approval systems and instant payments means companies like 1F Cash Advance can actually help people who banks won’t touch. And when you need money in an hour, that tech backbone is what makes 1-hour payday loans reliable instead of just another empty promise.

    About 1F Cash Advance

    Founded in 2019, 1F Cash Advance was created to help consumers access the funds they need and overcome everyday financial emergencies. The company operates under fair lending laws and uses encryption technologies to protect customer data.

    Headquartered in Boulder, CO, 1F Cash Advance combines digital convenience with local accessibility. In addition to its nationwide online service, the company operates over 80 physical locations across the U.S., including in Texas, Nevada, Kansas, and Tennessee.

    Committed to transparency and customer care, 1F Cash Advance has earned high trust ratings and consistently positive reviews from its clients.

    Media Contact Info

    Mailing Address

    1F Cash Advance, LLC

    1942 Broadway St., STE 314C Boulder, CO 80302

    Main Office Location

    2770 Canyon Blvd, Boulder, CO 80302

    Website: https://1firstcashadvance.org

    E-mail: info@1firstcashadvance.org

    Phone:  (720) 428-2247

    Social Media:

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/49624086-d128-46fd-8edb-9d978d3c425d

    The MIL Network –

  • MIL-OSI: Encore Capital Group® Announces Findings of its Third Economic Freedom Study

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 31, 2025 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Encore) (Nasdaq: ECPG), an international specialty finance company, today announced the findings of its third Economic Freedom Study. The latest study surveyed over 6,000 adults in Encore’s largest markets, the United States and United Kingdom, about their feelings toward their personal finances and the economy.

    Respondents were asked what causes them the most financial stress and the best ways to address their challenges, including attitudes toward working with debt collection companies to resolve past-due debt. The latest study also examines credit score awareness and financial literacy. The research was commissioned by Encore and conducted by Morning Consult.

    A detailed report of the findings is available on Encore’s website. Key highlights from the study include:

    • Most U.S. and U.K. adults feel somewhat or very positive about their personal financial futures, but they are less optimistic about their respective national economies. Nearly half (49%) of U.S. adults say their outlook on the future of the national economy is somewhat or very negative, compared to just over two-thirds (67%) of U.K. adults.
    • “Being debt-free” was the most-selected definition of economic freedom for adults in both countries, chosen by 27% of both U.S. and U.K. adults. Being debt-free was the most-selected definition for every generation in both countries except U.K. Gen Z adults, among whom “having the independence to do/buy what I want” was the most-selected definition (25%).
    • While U.S. adults are more aware of their credit scores than U.K. adults, most adults in each country desire a free way to check their credit score. Over four in five U.S. adults (83%) say they know their credit score, compared to just over half (51%) of U.K. adults. Of those who say they know their credit score, roughly half or more in each country report having a “good” or better rating.
    • Nearly three in 10 (29%) U.S. adults and just under one in five (19%) U.K. adults report currently having past-due debt, especially younger and low-income adults. Most adults with past-due debt in both countries say it will take a long time to pay back most or all of their balance.
    • Today, significantly more U.S. and U.K. adults are requesting help to repay past-due debt compared to the 2022 Encore Economic Freedom Study, and significantly more signal intentions to work with debt collection companies to resolve their debt.

    “Our company supports consumers who are actively dealing with financial stress every day, which makes these findings especially important for us,” said Ashish Masih, Encore’s President and CEO. “By understanding how consumers are thinking and feeling about their finances, which priorities matter most to them, and how they plan to address past-due debt, we can better fulfill our Mission to help them on their path to economic freedom.”

    The survey found that as U.S. consumers are accumulating credit card debt at record levels, and U.K. consumers continue to feel pessimistic about their national economy, adults in both countries are facing high economic concern and are focused on building emergency funds.

    “We continue to be focused on meeting consumers where they are, and we’re well-positioned to help them,” Masih said. “We lead with empathy, tailor solutions to pay off past-due debt to consumers’ unique circumstances, always seek to understand the consumer’s needs and provide access to support in times of hardship.”

    The survey’s findings affirm Encore’s approach to working with consumers. For example, about one-quarter (24%) of adults in both countries said that receiving a discount on debt owed would be most helpful to getting out of debt. Nearly the same number in both countries said having more time to pay off debt would be most helpful, followed by learning better financial habits.

    Midland Credit Management (MCM), Encore’s U.S. subsidiary, published its Consumer Bill of Rights almost 15 years ago, and it remains the only one of its kind in the industry. It clearly defines how MCM will suspend collection activities when a consumer demonstrates that they are experiencing significant financial hardship due to medical issues, natural disasters, job loss or other challenges. Similarly, Cabot Credit Management, Encore’s U.K. and European subsidiary, has a Sensitive Support Team in the United Kingdom, which includes specialists trained to work with consumers facing mental or physical illness resulting in significant financial hardship. The team’s goal is to ensure a consumer’s debts don’t become a barrier to their physical or financial recovery or well-being.

    “It is heartening to see consumers prioritizing being debt-free and showing a willingness to seek help, learn new financial skills and work with companies like Encore to achieve it,” Masih said. “The approach we take with consumers, including working with them one-on-one and tailoring solutions to meet their unique needs and circumstances, aligns well with the findings of the study.”

    The Economic Freedom Study online survey was conducted from April 24-May 2, 2025, among 6,406 adults, including 3,192 U.S. adults and 3,214 U.K. adults. The U.S. and U.K. samples are weighted on age, gender, education, race/ethnicity and region to reflect the demographic makeup of their respective adult (18+) populations according to most recently available census data from each country. The margin of error for the total sample in each country is plus or minus 2 percentage points.

    About Encore Capital Group, Inc.
    Encore Capital Group® is an international specialty finance company that provides debt recovery solutions and other related services across a broad range of financial assets. Through our subsidiaries around the globe, Encore purchases or services portfolios of receivables from major banks, credit unions and utility providers.

    Encore partners with individuals as they repay their debt obligations, helping them on the road to financial recovery and ultimately improving their economic well-being. Encore is the first and only company of its kind to operate with a Consumer Bill of Rights that provides industry-leading commitments to consumers. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P Small Cap 600 and the Wilshire 4500. More information about the company can be found at http://www.encorecapital.com.

    Contact
    Faryar Borhani
    Vice President, Chief Communications Officer
    press@encorecapital.com

    The MIL Network –

  • Trump tariffs face key test at US appeals court

    Source: Government of India

    Source: Government of India (4)

    A U.S. appeals court on Thursday will review President Donald Trump’s power to impose tariffs, after a lower court said he exceeded his authority with sweeping levies on imported goods.

    The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., will consider the legality of “reciprocal” tariffs that Trump imposed on a broad range of U.S. trading partners in April, as well as tariffs imposed in February against China, Canada and Mexico.

    A panel of all of the court’s active judges, eight appointed by Democratic presidents and three appointed by former Republican presidents, will hear arguments scheduled to begin at 10 a.m. ET in two cases brought by five small U.S. businesses and 12 Democratic-led U.S. states.

    The arguments – one day before Trump plans to increase tariff rates on imported goods from nearly all U.S. trading partners – mark the first test before a U.S. appeals court of the scope of his tariff authority. The president has made tariffs a central instrument of his foreign policy, wielding them aggressively in his second term as leverage in trade negotiations and to push back against what he has called unfair practices.

    The states and businesses challenging the tariffs argued that they are not permissible under emergency presidential powers that Trump cited to justify them. They say the U.S. Constitution grants Congress, and not the president, authority over tariffs and other taxes.

    Trump claimed broad authority to set tariffs under the International Emergency Economic Powers Act (IEEPA), a 1977 law historically used for sanctioning enemies or freezing their assets. Trump is the first president to use it to impose tariffs.

    Trump has said the April tariffs were a response to persistent U.S. trade imbalances and declining U.S. manufacturing power.

    He said the tariffs against China, Canada and Mexico were appropriate because those countries were not doing enough to stop illegal fentanyl from crossing U.S. borders. The countries have denied that claim.

    On May 28, a three-judge panel of the U.S. Court of International Trade sided with the Democratic states and small businesses that challenged Trump. It said that the IEEPA, a law intended to address “unusual and extraordinary” threats during national emergencies, did not authorize tariffs related to longstanding trade deficits.

    The Federal Circuit has allowed the tariffs to remain in place while it considers the administration’s appeal. The timing of the court’s decision is uncertain, and the losing side will likely appeal quickly to the U.S. Supreme Court.

    The case will have no impact on tariffs levied under more traditional legal authority, such as duties on steel and aluminum imports.

    Trump’s on-again, off-again tariff threats have roiled financial markets and disrupted U.S. companies’ ability to manage supply chains, production, staffing and prices.

    The president recently announced trade deals that set tariff rates on goods from the European Union and Japan, following smaller trade agreements with Britain, Indonesia and Vietnam. Trump’s Department of Justice has argued that limiting the president’s tariff authority could undermine ongoing trade negotiations, while other Trump officials have said that negotiations have continued with little change after the initial setback in court.

    Trump has set an August 1 date for higher tariffs on countries that don’t negotiate new trade deals.

    There are at least seven other lawsuits challenging Trump’s invocation of IEEPA, including cases brought by other small businesses and California.

    A federal judge in Washington, D.C., ruled against Trump in one of those cases, and no judge has yet backed Trump’s claim of unlimited emergency tariff authority.

    (Reuters)

  • MIL-OSI USA: Rep. Adam Smith Responds to WSJ Op-Ed, Calls for Immediate Humanitarian Ceasefire and a New Path Forward in Gaza

    Source: United States House of Representatives – Congressman Adam Smith (9th District of Washington)

    SEATTLE, WA – Today, Representative Adam Smith (D-Wash.) issued the following statement in response to the ongoing war in Gaza and a recent Wall Street Journal op-ed by William A. Galston titled “Hamas Will Never Surrender,” calling for Israel to accept a ceasefire in return for the release of hostages, and a new strategy to rebuild Gaza and empower credible Palestinian governance: 

    “William Galston’s op-ed in the Wall Street Journal acknowledges a hard truth: Hamas will never surrender. That truth underscores the urgent need for a fundamental shift in strategy. After nearly two years of war, it’s clear that the complete destruction of Hamas is not a feasible or sustainable goal and the cost of continuing to try is far too high. 

    “Hamas is a terrorist organization and bears full responsibility for the horrific October 7 attacks. But continuing this war indefinitely, with devastating consequences for innocent Palestinian civilians, will not bring peace or security to Israel or the region. 

    “There are Palestinians who reject Hamas’s violence and extremism and they must be empowered to lead. A new path forward is the only way to achieve long-term peace and security. The current course of continued military operations, displacement, and indefinite occupation risks even greater instability, can undermine key regional partnerships, and diminishes Israel’s moral and strategic standing. 

    “It is time for an immediate ceasefire to address the humanitarian crisis and for Israel to accept a permanent ceasefire in exchange for the return of the remaining hostages. Israel must begin working with the United States, Arab partners, and the international community to support credible Palestinian alternatives to Hamas to govern Gaza and the West Bank. 

    “We can continue to support Israel’s right to defend itself while recognizing that the military campaign has reached its limits. The time has come to shift from endless war to a political strategy that brings hostages home, delivers humanitarian relief, and builds the foundations for lasting peace. The United States must lead that effort.” 

    MIL OSI USA News –

  • MIL-OSI: LYNO Launches Early Bird Presale Phase at $0.05 With AI-Powered Cross-Chain Arbitrage Protocol

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, British Virgin Islands, July 31, 2025 (GLOBE NEWSWIRE) — LYNO, an AI-driven decentralized arbitrage protocol, has officially launched the Early Bird phase of its token presale at a fixed rate of $0.05 per token, with 16 million tokens available in this phase. The project introduces a novel approach to cross-chain arbitrage, enabling real-time trading across more than 15 EVM-compatible blockchains.

    LYNO leverages artificial intelligence to identify and execute arbitrage opportunities autonomously. Unlike traditional systems that rely on manual processes, LYNO’s protocol scans networks including Ethereum, BNB Chain, Polygon, and Arbitrum and routes trades using interoperability layers like LayerZero and Wormhole. This multi-chain infrastructure aims to support a wide range of trading strategies in a fully automated manner.

    Early Participation Momentum

    The Early Bird presale phase has drawn attention from a range of investors who are interested in AI-powered blockchain infrastructure. Market participants are noting that several high-volume token buyers—often associated with early-stage projects—have begun acquiring LYNO during this window. Analysts who previously identified trends in leading blockchains are also closely monitoring the project’s rollout.

    The next phase of the LYNO presale will feature a token price increase to $0.055, making the Early Bird round a time-sensitive opportunity for participation. Interested participants can contribute using ETH, USDT, or USDC on Ethereum via MetaMask, Trust Wallet, or any WalletConnect-compatible wallet.

    Security and Governance Highlights

    LYNO has completed a third-party audit conducted by Cyberscope. Security mechanisms include slippage controls, circuit breakers, zero-knowledge proofs, and multi-signature wallets. These protections are designed to ensure secure trading and fund management within the protocol.

    In line with decentralized governance principles, LYNO token holders will have the ability to vote on protocol changes and participate in staking and revenue-sharing mechanisms, aligning long-term interest among participants.

    About LYNO

    LYNO is a decentralized cross-chain arbitrage protocol powered by artificial intelligence. It facilitates high-frequency trading across multiple EVM-compatible blockchains by automating real-time arbitrage execution. LYNO combines advanced technology, decentralized governance, and robust security to offer a next-generation solution for digital asset trading and interoperability.

    For more information, visit:

    Contact:
    LYNO AI
    contact@lyno.ai

    Disclaimer: This content is provided by LYNO. 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/0c32c216-fb95-4f65-b086-c6ca31577cbb

    The MIL Network –

  • MIL-OSI: EOTECH Acquires VK Integrated Systems, Expands into Tactical Networking and Battlefield Sensor Integration

    Source: GlobeNewswire (MIL-OSI)

    PLYMOUTH, Mich., July 31, 2025 (GLOBE NEWSWIRE) — In a strategic move to expand its role in the defense technology ecosystem, EOTECH announced today the acquisition of VK Integrated Systems (VKIS), a Tennessee-based developer of advanced weapon electronics and battlefield networking solutions.

    The acquisition continues EOTECH’s evolution beyond optics into a vertically integrated, American-made defense platform focused on situational awareness, data integration, and mission-ready systems.

    “This is a continuation of our thesis,” said Joseph Caradonna, CEO of EOTECH. “We’re building an integrated, American-made platform for mission-critical awareness, where hardware, software, and sensors work as one. It’s a systems architecture approach, not just a product expansion.”

    Founded in 2014, VKIS specializes in real-time warfighter technologies, including TAK-based situational awareness tools, weapon-mounted sensors, and edge-computing systems. These capabilities directly support U.S. efforts to digitize the battlefield, modernize legacy systems, and bring C5ISR functionality closer to the tactical edge.

    VKIS Capabilities Now Joining EOTECH Include:

    • Weapon Electronics & Sensors – Devices like the SIOS and VICE modules provide real-time orientation and targeting data from the weapon platform.
    • TAK Server as a Service (TSaaS) – Turnkey GovCloud solutions for secure deployment of TAK infrastructure.
    • ATAK Plugin Development – Custom extensions to the Android Team Awareness Kit (ATAK) ecosystem.
    • TAK Stack – A free-use platform that simplifies access to geospatial maps, plugins, and field tools.

    “EOTECH’s scale and trust in the field make this a natural fit,” said Vasilios Kapogianis, President and CEO of VKIS. “Our mission has always been to give warfighters more awareness, more control, and more survivability. With EOTECH, we can deliver that capability faster and further.”

    VKIS will continue operations from its Clarksville, Tennessee headquarters. The acquisition follows a string of U.S. defense investments aimed at tightening supply chains and scaling dual-use systems that blend rugged hardware with real-time software integration.

    About EOTECH
    EOTECH is a U.S.-based defense technology company known for inventing the original Holographic Weapon Sight (HWS) and supplying cutting-edge optics and sensors used on platforms including the F-35 and AH-64 Apache. Headquartered in Plymouth, Michigan, EOTECH has evolved into a vertically integrated platform delivering American-made optics, thermal and night vision systems, and now battlefield networking technologies. Its mission-critical products are trusted by U.S. and allied special operations forces, law enforcement, and defense partners worldwide.

    Media Contact:
    Amy Foster, 4media group
    Amy.Foster@4media-group.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1498703b-6a17-4d5e-b5a4-dc218815117e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cead73c8-9562-4e00-8f82-e7ddddb49e75

    https://www.globenewswire.com/NewsRoom/AttachmentNg/de8581d5-96b9-4227-a619-d5ae102c99fd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8045d0b5-baaf-4541-b792-9a53c416186c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2869bc37-c3b4-46f0-ace0-85c80a63e075

    https://www.globenewswire.com/NewsRoom/AttachmentNg/52a157c3-2444-4cbf-8845-8a4fa6225ef1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5c9f3fa0-d495-4967-9360-e4441feda175

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe943ebf-4b48-409e-9479-12fb5ca4fcc2

    The MIL Network –

  • MIL-OSI: The Bull Market Is Back! Enjoy 100x Leverage, 100% Deposit Bonus, and No KYC on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 31, 2025 (GLOBE NEWSWIRE) — BexBack Exchange has launched an aggressive new promotion to empower both new and seasoned crypto traders: All eligible new users receive a $50 welcome bonus and a 100% deposit bonus match. As the crypto market braces for another period of high volatility, BexBack is making futures trading more accessible and profitable than ever. With up to 100x leverage, zero KYC requirements, and support for over 50 digital assets, the platform provides an ideal environment for those seeking to capitalize on market swings without large upfront capital.

    Advantages of 100x Leverage Crypto Futures

    1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
    2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
    3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
    4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
    5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.

    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.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

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    The MIL Network –

  • MIL-OSI: American First Finance Announces Exclusive Marketing Partnership with Esquire Advertising to Launch AFF G.P.S. EsqXlusive Program

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, July 31, 2025 (GLOBE NEWSWIRE) — American First Finance (AFF), a leading provider of point-of-sale lease-to-own and financing payment solutions, has inked an exclusive strategic partnership with leading-edge ad tech company Esquire Advertising to launch the AFF G.P.S. EsqXlusive Program, a first-of-its-kind program designed to help AFF merchants drive more qualified foot traffic.

    The G.P.S. (Grow. Perform. Succeed.) program offers participating merchants a dollar-for-dollar match where the program co-invests $1 for every dollar the merchant invests towards their digital campaigns. In addition to doubling campaign reach, the proprietary geo-framing approach reduces ad-spend waste for the merchant by avoiding bots and click farms while driving more qualified traffic through the doors.  

    “This partnership reflects our commitment to going beyond just financing; we’re helping our partners grow their overall business and bottom lines smarter, faster, and more efficiently,” said Mark Shelley, Head of Sales at American First Finance. “Esquire’s cutting-edge technology and proven performance across the furniture and mattress industries made them the ideal partner to deliver this next-level value to our merchant network.”

    The AFF G.P.S. EsqXlusive Program offers:

    • Ad Spend Matching: Participating merchants can allocate AFF co-op or rebate dollars into digital marketing campaigns that are then matched dollar-for-dollar by Esquire.
    • Hyper-Targeted Ad Placement: Esquire’s geo-framing identifies high-intent customers based on foot traffic and online behaviors—ensuring campaigns reach the right audience.
    • Real-Time Attribution Dashboard: Merchants receive transparent reporting to track campaign performance, foot traffic lift, and conversion rates tied directly to their marketing spend.

    This exclusive partnership applies across all 26 verticals served by AFF, with strong traction already building in the furniture, mattress, appliance, and health & wellness sectors.

    “We are thrilled to team up with AFF to bring this program to market,” said Eric Grindley, CEO of Esquire Advertising. “Our mutual focus on innovation and merchant success makes this collaboration powerful. Together, we’re helping retailers advertise and achieve real, measurable growth.”

    Merchant partners leveraging the G.P.S. EsqXlusive Program have reported notable increases in new customer acquisition and more substantial ROI on their co-op dollars. Jason Sellers, owner of North Dakota Mattress Ventures dba Mattress Firm shared “Our experience with Esquire has been very positive. We’ve seen a big improvement in ROI, from 3:1 up to 42:1, and the EsqXlusive campaign has helped us broaden our reach in a meaningful way. It’s been a great step forward for our marketing.”

    About American First Finance
    American First Finance (AFF) is a leading point of sale “shop now, pay later” solutions provider across 26 verticals, including furniture, mattress, auto repair, tire & wheel, elective medical, and more. Based in Dallas, TX, AFF’s mission is to provide payment solutions that help ordinary people meet their needs and pursue their dreams. Learn more at www.americanfirstfinance.com.

    About Esquire Advertising
    Esquire Advertising is an award-winning ad tech company specializing in hyper-targeted, data-driven marketing solutions for retailers. Utilizing proprietary geo-framing technology, Esquire helps businesses measure in-store traffic, optimize campaign ROI, and reach the right customers with precision. For more information, visit www.esquireadvertising.com.

    For further information, please contact:

    Melissa Muncy
    American First Finance
    Phone: (304) 573-9600
    Email: mmuncy@americanfirstfinance.com

    The MIL Network –

  • MIL-OSI USA: The One Big Beautiful Bill Protects Rural Hospitals

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–Through the Rural Health Transformation Program (RHTP), the One Big Beautiful Bill Act (OBBBA) makes the single largest investment in rural health care since the Medicare Modernization Act of 2003.

    Rural hospitals have faced ongoing issues for many years, including low patient volumes, inadequate workforces, crumbling infrastructure, outdated technology and changing reimbursement trends. The fiscal vulnerabilities they face are multifaceted and often unique to each facility. The $50 billion rural hospital fund is intended to provide immediate relief to rural hospitals while allowing facilities to establish the tools necessary to be successful in the long term.

    “This legislation makes the largest investment in decades in rural health care, ensuring states have the resources they need to address the unique challenges facing their rural hospitals,” said Finance Committee Chairman Mike Crapo (R-Idaho). “This is an efficient way to ensure the sustainability of our rural health care facilities while protecting taxpayer dollars from waste, fraud and abuse.”

    Read the fact sheet about the Rural Health Transformation Program HERE.

    Key Points About the Rural Health Transformation Program:

    • The Rural Health Transformation Program (RHTP) supplies $50 billion to stabilize and strengthen rural hospitals and providers.
    • Fifty percent of the $50 billion funding allocation will be divided equally among states that submit an application to the Centers for Medicare & Medicaid Services (CMS).
    • The remaining 50 percent will be distributed to states based on a formula developed by the CMS Administrator. The law requires the CMS Administrator to consider a state’s rural population, proportion of health care facilities in rural areas and situation of hospitals that serve a high proportion of low-income patients.
    • Assuming all 50 states apply and are approved, each state will receive at least $100 million per year for five years.
    • Because rural hospitals and providers face vulnerabilities that are multifaceted and unique, the RHTP allows the states–who know the issues in their communities better than the federal government–to work with providers to determine the best use of funds. This will give rural hospitals the tools to stabilize their finances in the short term and offer states the opportunity to create a long-term plan.

    Click HERE to learn more about the Finance Committee provisions in the One Big Beautiful Bill Act.

     

    MIL OSI USA News –

  • MIL-OSI Africa: Road projects suspended amidst funding crisis

    Source: APO


    .

    At least 27 major road and bridge projects across Uganda have been suspended or drastically slowed down due to a crippling government funding shortfall, the Minister of Works and Transport, Gen. Edward Katumba Wamala, has told Parliament.

    The Minister, who presented to Parliament a statement on the state of roads in the country, on Wednesday, 30 July 2025, attributed this to delayed payments and land acquisition issues, affecting projects like the Masindi-Biiso and Kabale-Kiziranfumbi oil roads, Kampala-Mpigi Expressway, and Kampala-Jinja Highway.

    “As of July 2025, 27 projects have been affected by either full suspension or significant reduction in progress. These include 18 fully funded by the Government of Uganda, where contractors have suspended or slowed down works due to delayed payments, and nine externally financed projects, where delays are primarily attributed to the Government’s inability to provide timely counterpart funding,” he said.

    The funding shortfall is attributed to a massive gap of Shs2.472 trillion in the financial year 2025/2026 where only Shs682 billion of the required Shs3.153 trillion was provided. The government is also carrying over Shs1.071 trillion in arrears from previous years, accumulating commercial interest and monthly cost claims from contractors.

    The situation is further complicated by land acquisition issues, with Shs443 billion needed for compensation and enabling access to sites, which has grounded externally funded projects. 

    “The cumulative effect of these suspensions and delays has led to slow absorption of project resources, exposure to financial claims, risk of asset deterioration, and reputational concerns,” he stated.

    The minister said that Uganda’s road infrastructure is deteriorating rapidly, with 1,993 kilometers requiring urgent periodic maintenance and 260 kilometers needing rehabilitation.

    “If not implemented, these roads degrade and instead require rehabilitation which costs about Shs2.59 billion per kilometer three times the periodic maintenance cost,” he warned adding that “This could result in a preventable fiscal loss of up to Shs180 billion.”

    Gen. Katumba warned that if not urgently addressed, these disruptions will compromise Uganda’s ability to deliver critical national infrastructure and maintain the existing network.

    The minister called for urgent financial intervention, emphasizing the importance of the road network to economic growth, regional integration, and service delivery.

    Despite the urgency of the situation, Parliament was unable to hold a substantive debate on the matter after it emerged that none of the ministers from the Ministry of Finance, Planning and Economic Development were present to respond to the funding concerns raised in the report.

    Government Chief Whip, Hon. Hamson Obua informed the House that the responsible ministers were all away on official engagements.

    Speaker Anita Among insisted that the Chief Whip must take responsibility. 

    “That is your role as Government Chief Whip; you are the one supposed to ensure members are in the House. This is not for debate. Whip, we shall hold you accountable,” she said.

    The Speaker deferred the debate on the statement to Tuesday, 05 August 2025.

    Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

    MIL OSI Africa –

  • MIL-OSI Africa: Namibia’s Upstream Petroleum Unit Announces Regulatory Review, Eyes Competitive Restructuring

    Source: APO

    Namibia’s newly formed Upstream Petroleum Unit is currently in the process of conducting a review of the country’s existing regulatory framework with a view to propose policies for the governance of the rapidly evolving petroleum industry. Speaking during the second edition of the Youth in Oil and Gas Summit in Walvis Bay last week, Kornelia Shilunga, Special Advisor & Head of Upstream Petroleum Unit in the Office of the Namibian Presidency, explained that these reviews seek to establish an effective and efficient upstream petroleum sector, while paving the way for greater participation by Namibian youth.

    Representing the voice of the African energy sector, the African Energy Chamber (AEC) fully supports the Namibian government as it strives to position the petroleum industry as a driving force in economic development. The AEC has long-advocated for the vital role the youth play in Africa’s energy industry and commends the proactive approach by the Namibian Presidency to position youth at the forefront of the sector. Having endorsed the Youth in Oil and Gas Summit, the AEC also commends its Founder Justina Erastus for her commitment to empowering youth.

    The review comes as Namibia pursues first oil production from its Orange Basin discoveries by 2029 and is geared towards strengthening the competitiveness of investing in the country’s upstream petroleum sector. Major discoveries made by international companies such as TotalEnergies, Shell, Galp, Eni and more have positioned the country as one of the world’s most promising frontiers, with ongoing drilling campaigns led by Rhino Resources, BW Energy, Chevron and more setting the country up for future upstream success. With TotalEnergies targeting a final investment decision for the Venus field in 2026 and Galp advancing its Mopane development, Namibia is on track to become a global oil producer by the end of the decade.

    These developments offer strategic benefits for the country and the Upstream Petroleum Unit has committed to ensuring that Namibia’s upstream potential provides several opportunities for its youth. As such, a strategic component of the ongoing reviews – as well as any proposed policies – is youth inclusivity and empowerment. According to Shilunga, “under Namibia’s 8th administration, youth empowerment is a national imperative, not a secondary concern.”

    She explained: “By 2024, a total of 28 offshore oil and gas exploration wells and 15 appraisal wells had been drilled, alongside 10 exploratory wells onshore. The country boasts an estimated 11 billion barrels of oil and approximately 2.2 trillion cubic feet of natural gas reserves, making Namibia a key emerging player in the global energy sector. It is our collective responsibility to ensure that these discoveries benefit our people, especially our youth.”

    The imminent production of offshore oil offers significant opportunities for youth in Namibia, ranging from petroleum engineering to geosciences to offshore operations, environmental and regulatory compliance and logistics and support services. As an industry largely in its infancy stage, Namibia’s petroleum sector requires innovation, infrastructure and adaptive policies to ensure offshore resources are developed in both a productive and sustainable manner. Moreso, the country is uniquely positioned to establish an industry that is geared towards the local market from the get-go – and upcoming regulatory restructuring will play an instrumental part in achieving this goal.  

    Namibia’s youth represent a large share of the country’s population, with approximately 71% of the country’s three million residents under the age of 35. This figure is expected to grow even further, with preliminary estimates showing Namibia’s population exceeding six million by 2050. Therefore, it becomes imperative to ensure current policies reflect anticipated growth trends while positioning the petroleum sector as a driver of economic development and job creation. As such, Namibia’s Upstream Petroleum Unit has challenged stakeholders across the country to collaborate and position youth at the forefront of the industry’s development.

    “I call for shared responsibility in this endeavor and challenge us all. I challenge industry players to invest in capacity building. I challenge the academia to align curricula with current and future energy needs. I challenge we, the government, to accelerate youth-focused reforms and policies. And I also challenge you, our youth, to proactively seek knowledge, ask questions and to build networks,” Shilunga said.

    Through collaboration, the Namibian petroleum industry stands to unlock long-term economic opportunities while leveraging petroleum as a catalyst for sustainable development.

    “This oil and gas revolution must be powered by integrity, led with courage and anchored in inclusion. The youth are not only the future of this industry- but they are also its present momentum,” she noted.

    The AEC believes that youth are essential in Africa’s petroleum industry and the Namibian government recognizes the instrumental role they will play in unlocking innovation, economic growth and inclusive development.

    “By restructuring its regulations and implementing policies that support youth empowerment, Namibia is setting a strong standard for domestic oil and gas development in Africa,” stated NJ Ayuk, Executive Chairman of the AEC.

    Distributed by APO Group on behalf of African Energy Chamber.

    Media files

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    MIL OSI Africa –

  • MIL-OSI Africa: 2025 Country Focus Report: Burkina Faso urged to make better use of national resources to finance its development

    Source: APO

    The African Development Bank’s 2025 Country Focus Report for Burkina Faso (www.AfDB.org), the national version of the African Economic Outlook, was officially launched on 18 July 2025 in Ouagadougou.

    The ceremony was chaired by Souleymane Nabolé, Technical Advisor, representing the Minister of Economy and Finance, in the presence of Daniel Ndoye, the Bank Group’s Country Manager for Burkina Faso. Run virtually, the session brought together more than 80 participants from the public administration, technical and financial partners, the research community and the private sector, as well as Bank executives.

    In a video message, Professor Kevin Urama, Chief Economist and Vice President for Economic Governance and Knowledge Management at the African Development Bank, reiterated that Country Focus Reports are designed to inform national policies and foster dialogue between states and their partners.

    The 2025 edition of the report focuses on the theme: “Making Burkina Faso’s Capital Work Better for its Development.” It analyses the country’s recent macroeconomic performance amid a complex security and humanitarian crisis, while presenting medium-term prospects and strategic directions to accelerate economic transformation.

    According to the Bank, the Burkinabe economy continued to expand in 2024, despite persistent security, humanitarian, and climate-related challenges. Burkina Faso is blessed in terms of natural, human, entrepreneurial, and financial capital, which if fully taken advantage of could bridge the country’s financing gap.

    The Burkinabe government concurs with this analysis. According to Nabolé: “Macroeconomic indicators are improving, with growth estimated at five per cent in 2024. To have a significant impact on the social front, we need to think about how the transformation of the Burkinabe economy can be achieved by drawing on human, natural, and financial resources, socio-economic infrastructure, and governance.”

    To bridge the financing gap, the report proposes several courses of action, including:

    • Improving agricultural productivity and promoting agro-industrial development
    • Strengthening mining revenue collection mechanisms and combating illicit financial flows
    • Enhancing access to education, health care, and vocational training
    • Building the capacities of the tax and customs administrations and the Ministry of Mines
    • Enhancing state oversight bodies, modernising the judicial system, and improving forest management.

    Abdoulaye Diop, President of the West African Economic and Monetary Union Commission, praised the Bank’s holistic approach stating that it “maximises the conditions for success and improved performance of national economies.”

    He also highlighted the resilience of the Burkinabe economy, which has remained robust despite a difficult security environment. “In terms of domestic resource mobilisation, Burkina Faso is currently the best performer in our Union with a tax ratio of nearly 19 per cent. In addition, for several years now, it has been one of the countries most committed to implementing Union legislation. That deserves the attention of partners.”

    Specific presentations focused on the need to strengthen the harnessing of domestic resources to offset the decline in external aid and financing, to make better use of human capital, to develop mineral resources to fund development, and to improve governance in the way in which various forms of capital are managed.

    At the end of the session, Ndoye expressed his delight at the elevated level of participation and the quality of the discussions. “We commend the country’s performance, particularly in terms of harnessing resources,” he said, concluding, “We noted a convergence between the report’s conclusions and recommendations and the strategies currently being implemented in Burkina Faso, particularly those with a focus on human capital.

    In parallel, Nabolé reiterated the Burkinabe government’s satisfaction with the quality of its cooperation with the African Development Bank.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media contact:
    Communication and External Relations Department
    media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    Media files

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    MIL OSI Africa –

  • MIL-OSI United Kingdom: There must be no caveats for Palestinian state recognition

    Source: Scottish Greens

    29 Jul 2025 External Affairs

    Starmer must act without delay and end this shameful abandonment of a nation at risk of being extinguished by genocide

    More in External Affairs

    The UK Government’s promise to recognise Palestine as a state should not be conditional, say the Scottish Greens. 

    Today’s announcement by the Prime Minister saw Keir Starmer offer an opportunity for Palestine to be recognised as a state at the UN General Assembly in September, unless Israel enacts an immediate ceasefire, and commits to working towards a lasting two-state solution. He also said there must be no annexing of the West Bank.

    The Scottish Greens have always recognised the state of Palestine, separately from the state of Israel, and believe in the Palestinian people’s right to freedom, sovereignty and life without harm. We have continually called for an end to the occupation, and lasting peace for people in Gaza to rebuild their lives, and we will continue to do so. 

    Under the conditions set by Starmer, the state of Israel can decide to ignore his calls and continue carrying out horrific acts including displacement, murder and mass starvation of innocent civilians: children, adults and the elderly alike. 

    Scottish Greens co-leader Patrick Harvie MSP said:

    “Recognition of Palestine is decades overdue, and should not be conditional. It implies that if Israel agrees to pause the atrocities it’s committing, then the UK will in fact not join the majority of the world in recognising Palestine. This is an insult to the Palestinians’ right to self determination.

    “What we are witnessing are some of the worst war crimes recorded in recent history, often live streamed by the perpetrators, and they are happening almost completely unchecked. 

    “Gaza has been decimated, entire generations of families have been wiped out, and the most basic universal human rights have been stripped away from people. Keir Starmer’s words would carry some meaning if he immediately recognised the state of Palestine, called out the ongoing genocide, and stopped aiding and abetting the Israeli military by helping train their personnel or allowing UK-based arms dealers to sell them weapons for profit. 

    “There have been countless opportunities for this Labour government to give Palestinians state recognition, as well as the promise of lasting ceasefires that have not been upheld by the state of Israel. Starmer must act now, without delay, and end this shameful abandonment of a nation at risk of being extinguished by genocide.

    “Even if recognition for Palestine does come, it must be only the beginning – a moment when the international community steps in to stop the slaughter, end the occupation, and hold Israel’s leaders to account for their crimes in front of the International Criminal Court.” 

    MIL OSI United Kingdom –

  • MIL-OSI Russia: “I felt like an expert” — a RUDN University master’s student about participating in a scientific and practical school at the Eurasian Economic Forum

    Translation. Region: Russian Federal

    Source: Peoples’Friendship University of Russia –

    An important disclaimer is at the bottom of this article.

    How to bring products of the Belarusian company SinRubEnergo, which produces energy equipment, to the Armenian market? A team of students had to think up a business strategy with such a task at a scientific and practical school that took place during the Eurasian Economic Forum in Minsk. It was this team that included a master’s student of the RUDN University Faculty of Economics, Khafiza Nigmatullaeva.

    All participants of the school, and this is more than 50 people from different universities of the Russian Federation and the Republic of Belarus, were divided into five groups. They represented the member countries of the Eurasian Economic Union: Armenia, Russia, Belarus, Kazakhstan and Kyrgyzstan. Each of the groups, except Belarus, developed a project to bring the products of “SinRubEnergo” to the market of the country they were assigned. And the “Belarus” team got the market of Uzbekistan. The company for which the students prepared the projects is a resident of the industrial park “Great Stone”. Therefore, the defense of the works took place on the territory of this park.

    “Armenia is probably one of the most difficult countries to implement such a project, given its political and economic peculiarities. Despite this, we managed to develop an effective and comprehensive plan, which was highly praised by the jury. We competently distributed the tasks among ourselves, relying on the strengths of each: one participant specialized in legal issues, another in marketing, someone confidently worked with analytics and data visualization,” – Khafiza Nigmatullaeva, Master’s student of the Faculty of Economics of RUDN (International Trade, 1st year).

    Logistics and flexibility

    During the tour of the Great Stone, Hafiz, along with another member of the team, was discussed with the residents of the park, how can they use their potential to solve logistics problems. And at a meeting with the Deputy General Director of the North-Western Administrative District of the Industrial Park Development, Arthur Detkov, they found out how appropriate to cooperate with logistics resident companies compared to attracting external operators. “As a result, we reached one of the resident companies, which not only confirmed the possibility of organizing transportation from Belarus to Armenia, but also prepared preliminary calculations of the cost of logistics operations. This has become a significant contribution to the project, since it is logistics that often represents one of the most complex parts of such strategies and requires an accurate miscalculation. Our approach, based on creativity, flexibility and ability to quickly find practical solutions, was also marked by the jury. In addition, one of the members of the commission, Oleg Tabanyukhov, praised our proposals to improve the legal regime of the industrial park and even asked to send our ideas to him. This is largely the merit of our colleague Diana Silchenko – students of the Belarusian Economic State University. In general, I want to emphasize the high level of training and involvement of all members of the team. Working with them was easy and truly productive. The projects of other teams were also very strong, I hope our ideas will be useful to Sinrubenergo, Hafiz Nigmatullaeva, undergraduate of the Faculty of Economics RUDN (direction “International Trade”, I Course).

    Debate on customs rates

    According to the RUDN student, the program of the scientific and practical school was very intense and did not end with work on projects. Every day, students were given excursions, including a visit to the Minsk Tractor Plant and the BelGee automobile plant (a joint Belarusian-Chinese production facility), where they saw the process of assembling cars. The school participants also attended lectures by Belarusian government officials and business representatives. Deputy Minister of Economy of the Republic Kirill Masharsky spoke about the work of the EAEU and his experience in public service. And Director of OJSC Giprosvyaz Anton Alekseev talked to students about digital trends in economic development.

    “Another memorable event was the simulation of the Eurasian Economic Commission. During the business game, we had a lively debate on the issue of extending zero customs duties on electric vehicles. This allowed us to feel like experts and representatives of our country. I am sincerely glad that I took part in the scientific school. Here, each student was able to apply their theoretical knowledge in practice, work in a team, discuss current topics with other participants and experts. I am sure that such initiatives play an important role in building professional confidence, developing communication skills and accumulating real-life experience,” — Khafiza Nigmatullaeva, Master’s student at the Faculty of Economics of RUDN (International Trade, 1st year).

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Kazakhstan and Russia are exploring technical possibilities to increase oil supplies to China

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    Almaty, July 31 (Xinhua) — Kazakhstan and Russia will soon complete an analysis of technical possibilities for increasing the transit of Russian oil to China through Kazakhstan, the Kazinform news agency reported on Thursday, citing Kazakh Energy Minister Yerlan Akkenzhenov.

    According to the minister, the Russian state oil pipeline company Transneft has asked Kazakhstan to increase the transit of Russian oil to China by up to 2.5 million tons.

    Currently, Transneft and Kazakhstan’s national oil operator KazTransOil are working to study the technical feasibility of increasing supplies.

    “I think they will be completed in the near future, and then we will find a precise answer as to whether it is necessary to build new oil pumping stations /OPS/,” said E. Akkenzhenov.

    According to the minister, it is possible to do without building an oil pumping station, but with the use of specialized additives. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI USA: Illumina Inc. to Pay $9.8M to Resolve False Claims Act Allegations Arising from Cybersecurity Vulnerabilities in Genomic Sequencing Systems

    Source: US State of North Dakota

    Illumina Inc. has agreed to pay $9.8 million to resolve allegations that it violated the False Claims Act when it sold to federal agencies certain genomic sequencing systems with cybersecurity vulnerabilities. Illumina is a Delaware corporation, headquartered in California, that manufactured and sold genomic sequencing systems throughout the United States.

    The settlement resolves allegations that, between February 2016 and September 2023, Illumina sold government agencies genomic sequencing systems with software that had cybersecurity vulnerabilities, without having an adequate security program and sufficient quality systems to identify and address those vulnerabilities. Specifically, the United States contended that Illumina knowingly failed to incorporate product cybersecurity in its software design, development, installation, and on-market monitoring; failed to properly support and resource personnel, systems, and processes tasked with product security; failed to adequately correct design features that introduced cybersecurity vulnerabilities in the genomic sequencing systems; and  falsely represented that the software on the genomic sequencing systems adhered to cybersecurity standards, including standards of the International Organization for Standardization and National Institute of Standards and Technology.

    “Companies that sell products to the federal government will be held accountable for failing to adhere to cybersecurity standards and protecting against cybersecurity risks,” said Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division. “This settlement underscores the importance of cybersecurity in handling genetic information and the Department’s commitment to ensuring that federal contractors adhere to requirements to protect sensitive information from cyber threats.”

    “This settlement demonstrates our continuing commitment to combat cybersecurity risks by ensuring that federal contractors protect private and sensitive government information.” said Acting U.S. Attorney Sara Bloom for the District of Rhode Island.

    “This settlement demonstrates our continued commitment to work with our law enforcement partners and the Department of Justice to ensure companies fulfill their contractual obligations,” said Acting Special Agent in Charge Christopher M. Silvestro of the Defense Criminal Investigative Service (DCIS) Northeast Field Office, the law enforcement arm of the Department of Defense’s Office of Inspector General. “Safeguarding the validity of Department of Defense research and data is vital to supporting the warfighter.” 

    “Significant damage can result from a failure to adhere to required cybersecurity standards, especially when the systems involved include sensitive genomic data,” said Special Agent in Charge Roberto Coviello of the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “HHS-OIG and our law enforcement partners remain dedicated to ensuring that entities who do business with the government uphold their cybersecurity obligations.”

    The settlement resolves a lawsuit filed under the whistleblower provisions of the False Claims Act, which permit private parties to sue on behalf of the government when a defendant has submitted false claims for government funds and receive a share of any recovery. The settlement in this case provides for the whistleblower, Erica Lenore, a former Director for Platform Management, On-Market Portfolio at Illumina, to receive $1,900,000 as her share of the settlement. The qui tam case is captioned United States ex. rel. Lenore v. Illumina Inc., No. 1:23-cv-00372 (D.R.I.).

    The resolution obtained in this matter was the result of a coordinated effort between the Justice Department’s Civil Division, Commercial Litigation Branch, Fraud Section, and the United States Attorney’s Office for the District of Rhode Island, with assistance from DCIS, the Army Criminal Investigation Division, the HHS Office of the Inspector General, and the Department of Commerce Office of the Inspector General.

    The matter was investigated by Trial Attorney Erin Colleran of the Justice Department’s Civil Division and Acting U.S. Attorney Sara Bloom of the District of Rhode Island.

    The claims resolved by the settlement are allegations only and there has been no determination of liability. 

    MIL OSI USA News –

  • MIL-OSI Security: Illumina Inc. to Pay $9.8M to Resolve False Claims Act Allegations Arising from Cybersecurity Vulnerabilities in Genomic Sequencing Systems

    Source: United States Attorneys General

    Illumina Inc. has agreed to pay $9.8 million to resolve allegations that it violated the False Claims Act when it sold to federal agencies certain genomic sequencing systems with cybersecurity vulnerabilities. Illumina is a Delaware corporation, headquartered in California, that manufactured and sold genomic sequencing systems throughout the United States.

    The settlement resolves allegations that, between February 2016 and September 2023, Illumina sold government agencies genomic sequencing systems with software that had cybersecurity vulnerabilities, without having an adequate security program and sufficient quality systems to identify and address those vulnerabilities. Specifically, the United States contended that Illumina knowingly failed to incorporate product cybersecurity in its software design, development, installation, and on-market monitoring; failed to properly support and resource personnel, systems, and processes tasked with product security; failed to adequately correct design features that introduced cybersecurity vulnerabilities in the genomic sequencing systems; and  falsely represented that the software on the genomic sequencing systems adhered to cybersecurity standards, including standards of the International Organization for Standardization and National Institute of Standards and Technology.

    “Companies that sell products to the federal government will be held accountable for failing to adhere to cybersecurity standards and protecting against cybersecurity risks,” said Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division. “This settlement underscores the importance of cybersecurity in handling genetic information and the Department’s commitment to ensuring that federal contractors adhere to requirements to protect sensitive information from cyber threats.”

    “This settlement demonstrates our continuing commitment to combat cybersecurity risks by ensuring that federal contractors protect private and sensitive government information.” said Acting U.S. Attorney Sara Bloom for the District of Rhode Island.

    “This settlement demonstrates our continued commitment to work with our law enforcement partners and the Department of Justice to ensure companies fulfill their contractual obligations,” said Acting Special Agent in Charge Christopher M. Silvestro of the Defense Criminal Investigative Service (DCIS) Northeast Field Office, the law enforcement arm of the Department of Defense’s Office of Inspector General. “Safeguarding the validity of Department of Defense research and data is vital to supporting the warfighter.” 

    “Significant damage can result from a failure to adhere to required cybersecurity standards, especially when the systems involved include sensitive genomic data,” said Special Agent in Charge Roberto Coviello of the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “HHS-OIG and our law enforcement partners remain dedicated to ensuring that entities who do business with the government uphold their cybersecurity obligations.”

    The settlement resolves a lawsuit filed under the whistleblower provisions of the False Claims Act, which permit private parties to sue on behalf of the government when a defendant has submitted false claims for government funds and receive a share of any recovery. The settlement in this case provides for the whistleblower, Erica Lenore, a former Director for Platform Management, On-Market Portfolio at Illumina, to receive $1,900,000 as her share of the settlement. The qui tam case is captioned United States ex. rel. Lenore v. Illumina Inc., No. 1:23-cv-00372 (D.R.I.).

    The resolution obtained in this matter was the result of a coordinated effort between the Justice Department’s Civil Division, Commercial Litigation Branch, Fraud Section, and the United States Attorney’s Office for the District of Rhode Island, with assistance from DCIS, the Army Criminal Investigation Division, the HHS Office of the Inspector General, and the Department of Commerce Office of the Inspector General.

    The matter was investigated by Trial Attorney Erin Colleran of the Justice Department’s Civil Division and Acting U.S. Attorney Sara Bloom of the District of Rhode Island.

    The claims resolved by the settlement are allegations only and there has been no determination of liability. 

    MIL Security OSI –

  • MIL-OSI: AI/R Accelerates Personalization at Scale Through Webjump’s Latest Adobe Milestone

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 31, 2025 (GLOBE NEWSWIRE) — AI/R, the AI Revolution Company, today announced that its subsidiary, Webjump, has achieved the Adobe Experience Manager (AEM) Assets Specialization in the Americas. This accomplishment—Webjump’s fifth Adobe specialization—underscores AI/R’s commitment to helping global enterprises deliver personalized digital experiences at scale.

    Powering Personalization with AEM Assets

    As brands face mounting pressure to deliver tailored content across every channel, the ability to manage, optimize, and activate digital assets efficiently has become a business imperative. Webjump’s newly earned AEM Assets Specialization demonstrates advanced expertise in enabling organizations to:

    Centralize and organize digital assets for rapid access and global collaboration.
    Accelerate content velocity by automating asset tagging, versioning, and distribution.
    Personalize experiences at scale by integrating AEM Assets with Adobe Target and Adobe Analytics, ensuring the right content reaches the right audience at the right time.
    Support omnichannel delivery with AI-powered asset optimization for web, mobile, and emerging channels.

    “Personalization at scale is only possible when brands have full control and visibility over their digital assets,” said Alisson Aguiar, CTO at Webjump. “With this specialization, we help clients break down content silos and deliver dynamic, relevant experiences that drive engagement and growth.”

    Delivering Measurable Business Outcomes

    Webjump’s specialization is more than a credential—it’s a commitment to helping clients realize tangible results:

    Faster time-to-market for campaigns and product launches.
    Consistent brand experiences across regions, languages, and channels.
    Reduced operational costs through automation and streamlined workflows.
    Actionable insights via seamless integration with Adobe’s analytics and personalization tools.

    “Our clients trust us to solve their most complex digital challenges,” said Alexandre Rodrigues, Managing Director at Webjump. “With AEM Assets, we empower them to move beyond basic asset management—unlocking the full potential of personalization, content agility, and measurable ROI.”

    For more information about Webjump’s Adobe specializations and digital experience services, please visit the website.

    About AI/R

    AI/R, headquartered in California, is an Agentic AI Software Engineering company that combines its ecosystem of highly specialized technology brands, proprietary AI platforms, and strategic partner platforms to amplify human intelligence and drive a revolution across industries, setting efficient standards for innovation and business productivity. By embedding AI into every aspect of its operations, AI/R’s mission is to make the AI revolution a revolution for everyone, empowering human talent while raising the bar for digital transformation. Let’s breathe in the future.

    Contact Information: 

    Milena Buarque Lopes Bandeira
    milena.bandeira@aircompany.ai

    The MIL Network –

  • MIL-OSI United Kingdom: TRA proposes keeping anti-dumping measure on bikes from China

    Source: United Kingdom – Executive Government & Departments

    Press release

    TRA proposes keeping anti-dumping measure on bikes from China

    The TRA proposes that an anti-dumping measure on bicycles and bicycle parts from China be maintained, benefitting UK producers by up to £9 million per year.

    The Trade Remedies Authority (TRA) has today (31 July 2025) published its initial findings proposing that an anti-dumping measure on bicycles and certain bicycle parts imported from China be maintained until 30 August 2029.  

    Maintaining these measures will help to protect the UK’s bicycle industry, which includes many small and medium sized businesses employing thousands of people, from unfair international trade practices.

    In its Statement of Essential Facts, the TRA found that the dumping initially identified at the time the measures were first established would (as a result of China’s increased production capacity) likely resume if the measure was removed and that injury to UK industry would be likely as a result. The TRA determined that extending the current measure could help prevent dumping of low-priced bicycles and benefit UK producers by £1-£9 million per year.

    Current anti-dumping duties on Chinese bicycle and bicycle parts imports range from 19.2% to 48.5%, depending on the exporter.

    As part of its investigation, the TRA considered whether the anti-dumping measure should be maintained only on bicycles but removed on bicycle parts. However, the TRA has not presented this as an option due to the lack of clear evidence from industry participants and the continued risk of circumvention if the duties on parts were removed.

    A period of consultation is now open, during which interested parties can comment on the findings and provide any additional evidence, before a final recommendation is made to the Secretary of State. Businesses that may be affected by these findings can submit comments to the TRA by 25 August 2025 and can do so through the TRA’s public file.

    Background Information

    • The initial findings published today follow a transition review that was initiated on 23 August 2024. 
    • The reviewed products include bicycles and certain essential bicycle parts such as frames, wheels, handlebars, and brake components from China, including bicycles consigned from Cambodia, Indonesia, Malaysia, Pakistan, the Philippines, Sri Lanka and Tunisia.

    • In its investigation, the TRA found that China produces the greatest volume of bicycles in the world, estimated to account for 60% of global production. This equated to over 48 million bicycles in 2023 and the TRA found evidence to suggest this production capacity is growing.

    • Around 1.6 million bicycles are sold in the UK each year, with China accounting for around 24% of bicycle imports by volume during the period of investigation.

    • The Trade Remedies Authority is the independent UK body that investigates whether new trade remedy measures are needed to counter unfair import practices and unforeseen surges of imports.   
    • The TRA is an arm’s length body of the Department for Business and Trade.   
    • Anti-dumping duties allow a country or union to act against goods which are being sold at less than their normal value – this is defined as the price for ‘like goods’ sold in the exporter’s home market.  
    • The period of investigation (POI) for the review was 01 July 2023 to 30 June 2024. To assess injury, the TRA chose the period from 01 July 2020 to 30 June 2024 as the injury period (IP).

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: EU banks continue to meet their MREL requirements set by Resolution Authorities on the basis of the identified resolution strategies

    Source: European Banking Authority

    The European Banking Authority (EBA) today published its Q4 2024 semi-annual Dashboard on the minimum requirement for own funds and eligible liabilities (MREL), which discloses aggregated statistical information for 345 banks earmarked for resolution across the European Union (EU) and for which the EBA has received data about both decisions and resources. All in all, banks meet their MREL requirements in line with the Bank Recovery and Resolution Directive (BRRD) deadline of 1 January 2024, as shortfalls are reported only by a few banks, mostly in their transition period towards future requirements. The amount of instruments becoming ineligible over the next year for the sample reached EUR 242bn.

    As of 31 December 2024, most banks met their MREL, including the combined buffer requirement (CBR). Only a small number of banks, mostly in their transitioning towards their final MREL targets, reported a shortfall, totalling EUR 2.3bn (or 2.1% of their combined risk-weighted assets).

    Banks in the sample reported EUR 242bn of MREL instruments that will become ineligible by the end of December 2025 due to their residual maturity falling below one year. These account for around 20% of MREL eligible instruments other than own funds.

    Bail-in strategies continue to be the preferred option in terms of RWAs (94%), whereas in terms of number of decisions, bail-in and transfer strategies rank on the same level (50% each). This reflects the fact that transfer strategies are favoured for smaller banks, while bail-in is the preferred option for the larger ones.

    More details on MREL roll over needs are covered in the Spring and Autumn editions of the EBA Risk Assessment Report.

    Note to the editors

    The EBA is mandated by the BRRD to monitor the setting of MREL by authorities and the build-up of related resources by institutions.

    MREL is the requirement that ensures that relevant EU institutions have sufficient loss absorbing capacity to support the execution of the preferred resolution strategy in case of failure.

    The BRRD set 1 January 2024 as a deadline to meet MREL requirements except for those banks that recently changed resolution strategy, or those eligible for an extension in accordance with Art.45m of the BRRD.

    Furter details on the transition period are provided in the EBA European Resolution Examination Programme (EREP). Discrepancies between the MREL Dashboard and the EREP MREL monitoring may reflect different reference dates. While the EREP is based on 2024 decisions only, the MREL Dashboard includes decisions in force as of 1 May 2025.

    MIL OSI Europe News –

  • MIL-OSI: Scallop Receives US MSB License, Unlocking Mass-Market Potential for Global Crypto Adoption

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 31, 2025 (GLOBE NEWSWIRE) — Scallop, the regulated digital banking platform bridging fiat and crypto, has officially received approval as a Money Services Business (MSB) in the United States. This license grants access to one of the most important financial markets in the world and marks a major step toward the mainstream adoption of digital assets.

    With the MSB license, Scallop joins a select group of crypto-native platforms legally authorized to offer both fiat and crypto services in the US. Combined with existing permissions in more than 160 countries, Scallop now holds one of the broadest regulatory footprints in the industry.

    Why the US matters

    The United States remains the largest and most influential consumer market for finance and technology. As crypto regulation becomes clearer under the returning Trump administration, demand for secure, easy-to-use platforms is rising quickly. Millions of Americans are looking for secure and straightforward ways to buy, hold, and spend digital assets.

    Scallop meets this need by offering a fully integrated banking and crypto experience. Unlike most competitors, which operate only in a limited set of jurisdictions or offer crypto-only tools, Scallop delivers a complete financial solution.

    What users can expect

    The upcoming Scallop App will offer:

    • Multi-currency Fiat accounts
    • Visa Debit Cards: Top up with fiat or crypto
    • Mastercard Credit Cards: Crypto-backed credit access
    • On- and off-ramp services for fiat and crypto
    • Real-time spending and account control
    • A clean, simple interface that works for everyone — even first-time users

    The app is powered by $EMYC, Scallop’s utility token, which unlocks card tiers, enables staking benefits, and is used for gas fees across the platform. Token utility will be further expanded through features such as revenue-linked buybacks and access to premium account functions.

    Infrastructure for Web3 builders

    Scallop also provides a developer SDK for Web3 wallets, fintech apps, and global platforms. This allows partners to integrate Scallop’s financial infrastructure, including fiat banking, card issuing, FX services, and compliance modules, directly into their own products.
    All services are backed by Scallop’s regulatory licenses

    A gateway for global growth

    With its MSB license secured and app launch approaching, Scallop is positioned as one of the only crypto-fintech platforms ready to scale globally. The company is focused on enabling real-world crypto use, not just trading, but daily financial interaction. That includes giving users access to banking tools, cards, and digital assets in one place, all within a regulated environment they can trust.

    The Scallop App is launching soon.
    A full revamp of the official website (https://scallopx.com) will go live in the coming days, featuring a refreshed design, updated content, and easier access to all core features.

    Interested users can now join the official waitlist for early access to the app:
    www.scallopx.com/waitlist

    Follow Scallop on X and Telegram:
    https://x.com/emoney_network
    https://t.me/Emoney_io

    About Scallop

    Scallop is a UK-founded digital finance platform, headquartered in the heart of London.
    Built to bridge traditional finance and crypto, Scallop combines regulated banking infrastructure with seamless access to digital assets. The platform offers multi-currency fiat accounts, fiat-crypto on and off ramps, and both Visa and Mastercard payment solutions, all within a single, easy-to-use interface.

    Founded by Raj Bagadi, who also serves as CEO, Scallop’s mission is to make digital money usable in everyday life. The company is focused on building a trusted and compliant environment where both individuals and institutions can manage crypto and fiat with confidence. With operations spanning over 160 countries and a growing suite of B2B integrations, Scallop is setting a new standard for global crypto-fiat finance.

    Contact:
    Michael S.
    Michaels@scallopx.com

    Disclaimer: This content is provided by Scallop. 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.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/bc95abfb-1247-4e05-9720-6419be0e3e64

    The MIL Network –

  • MIL-OSI: Middlefield Banc Corp. Announces Additions to Banking Team

    Source: GlobeNewswire (MIL-OSI)

    John Cunningham appointed Northeast Ohio Commercial Market Executive
    Thomas Young appointed Northeast Ohio Commercial Relationship Manager
    Nick Paradiso appointed Central Ohio Commercial Relationship Manager
    Middlefield also announces the retirement of Jack Gregorin Northeast Ohio Commercial Relationship Manager

    MIDDLEFIELD, Ohio, July 31, 2025 (GLOBE NEWSWIRE) — Middlefield Banc Corp. (NASDAQ: MBCN) today announced that John Cunningham has been appointed Northeast Ohio Commercial Market Executive, Thomas Young has been appointed Northeast Ohio Commercial Relationship Manager, and Nick Paradiso has been appointed Central Ohio Commercial Relationship Manager. These additions reflect Middlefield’s continued commitment to expanding its commercial banking capabilities and delivering strong relationship-driven services across its Ohio markets.

    The Company also announced the retirement of Jack Gregorin, after a 43-year banking career with the last seven years at Middlefield as the Company’s Northeast Ohio Commercial Relationship Manager.

    Ronald L. Zimmerly, Jr., President, and Chief Executive Officer, stated, “As we continue to invest in our commercial banking business, John, Tom, and Nick bring the experience, leadership, and deep community connections that will support our clients and strengthen our presence in our Northeast and Central Ohio markets. These appointments demonstrate our commitment to build high-performing teams across our Ohio communities and serve as a reliable financial partner to the region’s business community.”

    Zimmerly continued, “On behalf of the entire Middlefield family, I want to thank Jack for his years of service to the Bank. For 43 years, Jack has provided commercial customers throughout Ohio with integrity and proven financial advice. I wish Jack well on his next chapter.”

    John Cunningham Appointed SVP, Northeast Ohio Commercial Market Executive
    In this role, Cunningham will oversee Middlefield’s commercial growth strategy and relationship management across the Company’s Northeast Ohio footprint. With nearly 30 years of banking experience and a reputation for building high-performing teams, Cunningham brings significant expertise in commercial real estate and middle market banking. From 2021 to 2025, Cunningham was the SVP – Senior Managing Director, Commercial Real Estate at Premier Bank. Prior to this, he held positions at TCF Bank / Chemical Bank, The Home Saving and Loan Bank, Huntington National Bank, National City Bank, and Associates First Capital Corporation.

    As a Northeast Ohio native, Cunningham holds degrees from Miami University and Case Western Reserve University’s Weatherhead School of Business. Beyond banking, he’s a passionate supporter of the arts, having recently completed eight years of service as Trustee and Treasurer for the Valley Arts Center in Chagrin Falls.

    Thomas Young Appointed VP, Northeast Ohio Commercial Relationship Manager
    As VP, Northeast Ohio Commercial Relationship Manager, Young will focus on delivering strategic advice to business clients in the Northeast Ohio Region, helping them improve cash flow, finance key assets, and mitigate risk. With a strong analytical skillset and a passion for supporting business growth, Young has built a career helping clients navigate change and seize opportunity.   Most recently, he was VP, Senior Business Banking Relationship Manager at U.S. Bank from 2023 to 2025. His prior experience includes roles at First Federal of Lakewood, First National Bank of Pennsylvania, PNC Bank, FirstMerit Bank, Huntington National Bank, and KeyBank.

    Young holds degrees from Louisiana State University – Shreveport, and Myers University. He has also played a leadership role in local economic development, having served as Director and Past Board President of the Mentor Economic Assistance Corporation (MEACO).

    Nick Paradiso Appointed VP, Central Ohio Commercial Relationship Manager
    As VP, Central Ohio Commercial Relationship Manager, Paradiso will focus on delivering strategic advice to business clients within Central Ohio, helping them improve cash flow, finance key assets, and mitigate risk. With over 15 years of experience in banking, Paradiso is a seasoned commercial lender providing customized financing solutions to small and medium-sized businesses. Most recently, he was VP, Commercial Lending at Civista Bank from 2023 to 2025. His prior experience includes roles at LCNB National Bank, CFBank, Huntington National Bank, and Fifth Third Bank.

    Paradiso holds degrees from John Carroll University and the University of Dayton. He is active across the Columbus community and is currently a member of the Short North Rotary Club, Association for Corporate Growth, Columbus Italian Club, Franklinton Board of Trade, Ohio Business Brokers Association, and Columbus Chamber.

    About Middlefield Banc Corp.
    Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.92 billion at June 30, 2025. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and Westerville. The Bank also operates a Loan Production Office in Mentor, Ohio.

    Additional information is available at www.middlefieldbank.bank

    FORWARD-LOOKING STATEMENTS
    This press release of Middlefield Banc Corp. and the reports Middlefield Banc Corp. files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Middlefield Banc Corp. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Middlefield Banc Corp.’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce interest margins; (3) changes in prepayment speeds, charge-offs and loan loss provisions; (4) less favorable than expected general economic conditions; (5) legislative or regulatory changes that may adversely affect businesses in which Middlefield Banc Corp. is engaged; (6) technological issues which may adversely affect Middlefield Banc Corp.’s financial operations or customers; (7) changes in the securities markets; or (8) risk factors mentioned in the reports and registration statements Middlefield Banc Corp. files with the Securities and Exchange Commission. Middlefield Banc Corp. undertakes no obligation to release revisions to these forward-looking statements or to reflect events or circumstances after the date of this press release.

    Company Contact: Investor and Media Contact:
    Ron Zimmerly
    President and Chief Executive Officer
    Middlefield Banc Corp.
    (419) 673-1217
    RZimmerly@middlefieldbank.com    		 Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/56766f6d-9249-44ca-8226-d735f1753dd7
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9adb82cd-789f-4649-9e89-d04cfa08261b
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e069967c-0af2-46c4-8ef6-d562ac773761

    The MIL Network –

  • MIL-OSI: Seagull Software Releases Landmark Report on Tariffs, Geopolitical Risk, and the Critical Role of Data Quality in Global Supply Chains

    Source: GlobeNewswire (MIL-OSI)

    REDMOND, Wash., July 31, 2025 (GLOBE NEWSWIRE) — Seagull Software, a global leader in label management and item-level visibility solutions, today announced the release of a new research report in collaboration with Supply Chain Brain: Resilience in Uncertainty: Navigating Geopolitical Risks and Data Quality in Supply Chains. The comprehensive study draws insights from nearly 200 supply chain leaders from transportation and warehouse service providers, industrial manufacturers, retailers and food and consumer packaged goods shippers. The report offers a timely look into the challenges—and opportunities—facing organizations amidst an era of global disruption.

    The results revealed that labor shortages and tariffs emerged as the top concerns for these individuals and their organizations, highlighting the dual challenge of managing human capital constraints while navigating complex international trade policies. The findings underscore a stark reality: 75% of supply chain leaders report significant disruption from geopolitical events such as tariffs, labor shortages, trade disputes, and regional conflicts over the past two years. Amidst this volatility, the report identifies high-quality, real-time data and item-level traceability as foundational elements of supply chain resilience, risk mitigation, and compliance.

    “As the report shows, traceability is only as good as the data behind it,” said Jeff Hart, CEO of Seagull Software. “Data quality isn’t just a ‘nice to have’—it’s the foundation of accurate, reliable, and actionable information about a product’s journey. Without clean, harmonized data, it’s impossible to respond quickly, meet compliance standards, or deliver the transparency that customers and regulators increasingly demand. In today’s global supply chain environment, the ability to track a product from origin to final destination is no longer optional—it’s mission critical.”

    Key findings from the report include:

    • 60% of companies plan to increase investment in data quality and traceability technologies in the next 12 months.
    • A majority of respondents consider customer demands for transparency a primary or influential driver of their data quality strategy.
    • Despite the value placed on traceability, only 23% of companies have fully operational item-level systems in place today.
    • The biggest challenges to data quality include inconsistent supplier data (47%), manual data entry errors (42%), and fragmented legacy systems (39%).

    “You have some people reacting in anticipation of tariffs and others not reacting at all, which creates differences in readiness,” says Bart De Muynck, Principal, Bart De Muynck Strategic Advisors. “Then you have the administration setting tariff levels and later trimming them back, with companies deciding to wait and see what finally happens.”

    The report also highlights the evolving role of traceability technologies like RFID, AI-powered automation, and SaaS platforms in helping companies modernize their operations while addressing emerging ESG, customs, and digital product passport (DPP) requirements.

    Seagull Software invites supply chain leaders, regulators, and technology partners to download the full report and join the conversation about building more resilient and transparent supply chains.

    Visit here to read the full results of “Resilience in Uncertainty: Understanding the Impact of Tariffs, Geopolitical Risk, and Lack of Data Quality in the Supply Chain.”

    About Seagull Software

    Seagull Software is a global leader in real-time, item-level visibility and label management solutions, dedicated to powering the world’s most complex supply chains with innovative tools for traceability, authentication, and automated inventory management. Our BarTender™ platform enables businesses across all industries to design, manage, print, and automate the production of labels, barcodes, and RFID tags, ensuring seamless tracking and compliance for over 100 billion unique identifiers each year. Leveraging the Mojix™ high-security, scalable SaaS traceability platform, Seagull delivers end-to-end intelligence, harmonizing data to drive operational efficiency, enhance customer experiences, and reduce risk. Headquartered in Bellevue, Washington, with offices across the United States, Europe, and Asia, Seagull empowers businesses worldwide to keep their products moving, traceable, and safe. For further information about Seagull Software, please visit www.seagullsoftware.com.

    Media Contacts:

    Colby Cavanaugh
    SVP Marketing
    Seagull Software
    (503) 421-6717
    ccavanaugh@seagullscientific.com

    Jim Donaldson
    Sr. Director, Corporate Communications
    Seagull Software
    (314) 223-4779
    jdonaldson@seagullscientific.com

    © 2025 Mojix, Inc. Mojix, maiven, Source, and ytem are registered trademarks or trademarks of Mojix, Inc.

    © 2025 Seagull Software, LLC, Seagull Scientific, LLC, BarTender Software, LLC. BarTender, BarTender Cloud, Intelligent Templates, Drivers by Seagull, the BarTender logo, the BarTender Cloud logo and the Drivers by Seagull logo are trademarks or registered trademarks of Seagull Software, LLC. All other trademarks are the property of their respective owners.

    The MIL Network –