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Category: Business

  • MIL-OSI: OTC Markets Group Welcomes Greenheart Gold Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Greenheart Gold Inc. (TSX-V: GHRT; OTCQX: GHRTF), an exploration company, has qualified to trade on the OTCQX® Best Market. Greenheart Gold Inc. upgraded to OTCQX from the OTCQB® Venture Market.

    Greenheart Gold Inc. begins trading today on OTCQX under the symbol “GHRTF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

    Justin van der Toorn, CEO of Greenheart Gold said, “We are pleased to be upgrading to the OTCQX market. We feel that OTCQX will provide a valuable platform to help us increase awareness of the company and attract new investors.”

    About Greenheart Gold Inc.

    Greenheart Gold is an exploration company that builds on a proven legacy of discoveries within the Guiana Shield, a highly prospective geologic terrain that hosts numerous gold deposits yet remains relatively under-explored. Greenheart Gold is led by former executives and exploration team of Reunion Gold, a team that was most recently noted for the discovery and delineation of the multi-million-ounce Oko West deposit in Guyana. Greenheart Gold intends to build on its technical knowledge, strong relationship base and success from exploring in the Guiana Shield to assemble, maintain and explore a portfolio of early-stage exploration projects in Guyana and Suriname that are prospective for orogenic gold deposits.

    About OTC Markets Group Inc.

    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:

    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

    May 27, 2025

  • MIL-OSI: Northfield Capital Announces Agreements to Acquire Additional Interest in Juno Corp., Completion of Acquisition of Remaining Minority Interest of Northfield Aviation and Proposed Issuance of Class B Multiple Voting Shares

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination directly or indirectly, in whole or in part, in or into the United States.

    TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (the “Company”) announces that it has entered into binding share purchase agreements (the “Purchase Agreements”) with five shareholders of Juno Corp. (“Juno”) pursuant to which the Company has agreed to acquire an aggregate of 5,123,044 common shares of Juno (“Juno Shares”) in consideration for the issuance to such shareholders of an aggregate of 3,725,848 class A restricted voting shares in the capital of the Company (the “Class A Shares”). Pursuant to the transactions contemplated in the Purchase Agreements (collectively, the “Juno Share Acquisition”), each Juno Share will be exchanged for 0.727272727 of a Class A Share. The participation in the Juno Share Acquisition by Mr. Robert Cudney, the President, Chief Executive Officer and a director of the Company, as described below, constitutes a Non-Arm’s Length Transaction (as such term is defined in the policies of the TSX Venture Exchange (the “TSXV”)).

    The Company also announces that, further to its news release of May 5, 2025, its wholly-owned subsidiary, Spruce Goose Aviation Inc. (“Spruce Goose”), has completed the acquisition (“Northfield Aviation Acquisition”) of all of the shares (the “Purchased Shares”) of Northfield Aviation Group Inc. (“Northfield Aviation”) not already owned by Spruce Goose.

    Following the completion of the Northfield Aviation Acquisition, Spruce Goose holds a 100% ownership interest in Northfield Aviation. The Northfield Aviation Acquisition was completed in accordance with the terms of the share purchase agreement dated May 5, 2025, between Spruce Goose and Iain Hayden. In consideration for the Purchased Shares, the Company issued to Mr. Hayden 60,000 Class A Shares (which shares are not subject to resale restrictions under applicable Canadian securities laws).

    Separately, the Company is pleased to announce the proposed issuance of an aggregate of 4,968 Class B multiple voting shares of the Company (the “Class B Shares”) to Mr. Robert Cudney, the President, Chief Executive Officer and a director of the Company, on a non-brokered private placement basis at a price of $6.00 per Class B Share, for aggregate gross proceeds of $29,808‬ (the “Class B Share Issue”) in order for Mr. Cudney to maintain his pro rata voting interest in respect of the Class B Shares following the completion of the Juno Share Acquisition and the Northfield Aviation Acquisition.

    The Juno Share Acquisition

    The Purchase Agreements contain customary representations, warranties and agreements, conditions to closing and other obligations of the parties. Closing of the Juno Share Acquisition is anticipated to be completed upon the Company obtaining disinterested shareholder approval in accordance with the policies of the TSXV. The Juno Share Acquisition will be exempt from prospectus requirements pursuant to Section 2.16 of National Instrument 45-106 – Prospectus Exemptions (the take-over bid and issuer bid transaction exemption).

    MI 61-101 and TSXV Policy 5.9

    Pursuant to Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), the transactions contemplated by the Purchase Agreement entered into between the Company and Mr. Robert Cudney (the “Cudney Purchase Agreement”) constitutes a “related party transaction” due to the fact that Mr. Cudney is an insider of the Company and has beneficial ownership of, or control or direction over, securities of the Company carrying more than 10% of the voting rights attached to all the outstanding voting securities of the Company. However, the Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 in respect of such transaction, as neither the fair market value of securities acquired from or issued to Mr. Cudney (individually or in the aggregate) pursuant to the Cudney Purchase Agreement, nor the fair market value of the transactions contemplated by the Cudney Purchase Agreement, exceeds 25% of the Company’s market capitalization as determined in accordance with MI 61-101. Disinterested shareholder approval will be required for the Juno Share Acquisition under the policies of the TSXV.
      
    Class B Share Issue

    As of the date hereof, Mr. Cudney beneficially owns, or exercises control and direction over, Class B Shares representing approximately 39.6% of the total voting power represented by the issued and outstanding voting securities of the Company. The Class B Share Issue is being undertaken to allow Mr. Cudney to maintain the total voting power represented by the Class B Shares held by Mr. Cudney immediately prior to the closing of the Juno Share Acquisition and the Northfield Aviation Acquisition. The Class B Shares are being issued in accordance with the resolutions of the shareholders of the Company passed at the meeting of shareholders of the Company held in December 1986, which authorized the board of directors of the Company (the “Board”) to issue additional Class B Shares to Mr. Cudney at an issue price equal to the market price of the Class A restricted voting shares of the Company on the day before the Board approves such issuance.

    The Class B Share Issue remains subject to approval by the TSXV. All securities issued and issuable pursuant to the Class B Share Issue will be subject to a hold period of four months plus one day from the date of closing of the Class B Share Issue.

    The Company intends to use the net proceeds of the Class B Share Issue for working capital and general corporate purposes.

    TSXV Policy 5.9 and MI 61-101

    Mr. Cudney is the President, Chief Executive Officer and a director of the Company, and accordingly, is a Non-Arm’s Length Party (as such term is defined in the policies of the TSXV) in relation to the Company and a “related party” of the Company pursuant to MI 61-101.

    The participation in the Class B Share Issue by a related party of the Company constitutes a “related party transaction” as defined under MI 61-101 and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV. However, pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the Company is exempt from obtaining a formal valuation and minority approval of the Company’s shareholders in respect of the Class B Share Issue due to the fair market value of the related party participation being below 25% of the Company’s market capitalization for the purposes of MI 61-101.

    About Northfield Capital Corporation

    The Company is a value-based investment and merchant banking company focused on the resource (critical minerals and precious metals) and transportation sectors.

    For further information, please contact:

    Michael G. Leskovec, CPA, CA
    Chief Financial Officer
    Telephone: (416) 628-5940

    Forward-Looking Information and Other Disclaimers

    This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws including, but not limited to, statements with respect to the Juno Share Acquisition, the Class B Share Issue (including, the anticipated closing dates thereof and the securities laws expected to be applicable thereto) and the receipt of disinterested shareholder approval for the Juno Share Acquisition. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information. Forward-looking information is based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information are based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct.

    Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management’s discussion and analysis that is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking information included in this news release are expressly qualified by this cautionary statement. The forward-looking information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    The securities offered will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent a registration statement or an applicable exemption from the registration requirements. The news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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

    The MIL Network –

    May 27, 2025

  • MIL-OSI: nexxbuild Announces Strategic Merger with Investcorp Europe Acquisition Corp I (IVCBF:US)

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., May 27, 2025 (GLOBE NEWSWIRE) — In a move aiming to change the construction materials distribution landscape, nexxbuild is thrilled to announce its strategic merger (the “Merger”) with Investcorp Europe Acquisition Corp I (IVCBF:US) (“IVCB”). This partnership signifies a step in nexxbuild’s mission to unify independent local distributors under a cohesive nationwide platform, enhancing their service capabilities and expanding their market reach.

    “Today marks the beginning of an exciting future for local distributors across the country,” stated Nav Rau, CFO of nexxbuild. “As we launch nexxbuild, we are dedicated to revolutionizing the construction materials distribution sector through a ‘people first, tech forward’ vision.” This vision reflects a commitment to integrating cutting-edge technology while keeping the focus on the personal relationships, which are the cornerstones of nexxbuild’s approach.

    Vikas Mittal, Director, Chief Executive, and Financial Officer of Investcorp European Acquisition Corp echoed this sentiment, emphasizing the unique advantages that come with the merger. “nexxbuild’s platform offers a compelling vision—one that respects the independence of local distributors while aiming to enhance their capabilities through shared resources, technology, and scale. The objective is for local distributors to maintain their unique identities while also benefiting from the support, strength, and reach of a nationwide network, allowing for each local distributor to thrive independently and at the same time to be a part of something much larger. If successful, the Merger could position nexxbuild to deliver greater operational efficiency and improved service across its markets, while creating long-term value for all stakeholders involved.”

    The merger with IVCB will empower nexxbuild to significantly expand its offerings and enhance its service capabilities, positioning the company for growth.

    Key Highlights:

    • Empowerment of Local Distributors: nexxbuild is committed to fostering growth while preserving the identities, cultures, and relationships of local distributors.
    • People-First, Technology-Forward: The company is dedicated to being both people-focused and technology-driven, providing access to innovative digital tools that enhance the growth and relevance of the nexxbuild family of brands.
    • Elevated Service and Product Offerings: nexxbuild aims to elevate service and product offerings for vendors and customers alike, ensuring an enhanced experience across the board.

    Advisors

    Advisors to the transaction include Maxim Group LLC, which is serving as exclusive financial advisor to nexxbuild. Duane Morris is serving as counsel to nexxbuild. Edelman Legal Advisory PLLC is serving as counsel to Investcorp Europe Acquisition Corp I.

    About nexxbuild:

    Nexx HoldCo, LLC (“nexxbuild”) brings together the strengths of independent local distributors, forming a unified nationwide platform servicing the construction industry. Where personalized service and local expertise are vital, nexxbuild focuses on empowering these businesses, allowing them to thrive on their own terms while being supported by the comprehensive resources of a national network.

    About Investcorp Europe Acquisition Corp I (IVCBF:US):

    Investcorp Europe Acquisition Corp I (IVCBF:US) is a special purpose acquisition company that seeks to leverage its expertise to create value and drive growth in the construction materials sector.

    Participants in Solicitation 

    IVCB, nexxbuild, and their respective directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from IVCB’s shareholders with respect to the Merger. Investors and securityholders may obtain more detailed information regarding the names and interests in the Merger of the directors and officers of each of IVCB and nexxbuild with respect to the Merger in the proxy statement/prospectus for the Merger when available and in such companies’ respective filings with the Securities and Exchange Commission (the “SEC”), the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, amendments and supplements, and other documents filed with the SEC. Such information with respect to nexxbuild’s managers and executive officers will also be included in the proxy statement/prospectus. You may obtain free copies of these documents as described below under the heading “Additional Information and Where to Find It.”

    No Offer or Solicitation 

    This press release is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Merger. The press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities of IVCB or nexxbuild in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Forward-Looking Statements 

    This press release includes forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between nexxbuild and IVCB. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “think,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “seeks,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.

    These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the transactions may not be completed in a timely manner or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (iii) the failure to achieve the minimum amount of cash available following any redemptions by IVCB’s stockholders; (iv) redemptions exceeding anticipated levels or the failure to meet initial listing standards in connection with the consummation of the transactions; (v) the effect of the announcement or pendency of the transactions on nexxbuild business relationships, operating results, and business generally; (vi) changes in the markets in which nexxbuild competes, including with respect to its competitive landscape, technology evolution, or regulatory changes; (vii) changes in domestic and global general economic conditions; (viii) costs related to the transactions and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions; (ix) the ability to recognize the anticipated benefits of the transactions and to achieve its commercialization and development plans, and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of nexxbuild to grow and manage growth economically and hire and retain key employees and to develop and acquire other construction supply platforms; (x) the risk that nexxbuild may fail to keep pace with rapid technological developments to provide new and innovative products and services; and (xi) those factors discussed in IVCB’s filings with the SEC and that that will be contained in the proxy statement/prospectus relating to the transactions.

    The foregoing list of factors is not exhaustive. And forward-looking statements speak only as of the date of this press release. Accordingly, these forward-looking statements should not be relied upon as representing IVCB or nexxbuild assessments as of any date after the date of this press release. Further, readers are cautioned not to put undue reliance on forward-looking statements. While IVCB and nexxbuild may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Neither of IVCB nor nexxbuild gives any assurance that IVCB or nexxbuild, or the combined company, will achieve its expectations. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of IVCB and/or nexxbuild. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the proxy statement/prospectus and the amendments, the definitive proxy statement/prospectus to be filed in connection with the transactions, and other documents to be filed by IVCB from time to time with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 11, 2024 and any subsequent filings. All forward-looking statements are expressly qualified in their entirety by such factors. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Copies will be available on the SEC’s website, www.sec.gov.

    All forward-looking statements are expressly qualified in their entirety by such factors. IVCB does not undertake any duty to update any forward-looking statement except as required by law. 

    Additional Information and Where to Find It 

    In connection with the Merger, IVCB intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”), which will be both the proxy statement to be distributed to the shareholders of IVCB in connection with IVCB’s solicitation of proxies for the vote by its shareholders with respect to the proposed transaction and other matters as may be described in the definitive proxy statement/prospectus, as well as a prospectus relating to the offer and sale of the securities to be issued in the proposed transaction. Shareholders are encouraged to read the Registration Statement, when available, as it will contain important information.

    This press release does not contain any information that should be considered by IVCB’s shareholders or nexxbuild’s members concerning the proposed transaction and is not intended to constitute the basis of any voting or investment decision in respect of the proposed transaction or the securities of the combined company. The respective shareholders of IVCB and nexxbuild and other interested persons are advised to read, when available, Registration Statement and documents incorporated by reference therein filed in connection with the Merger, as these materials will contain important information about IVCB, nexxbuild, and the Merger. 

    When available, the definitive proxy statement/prospectus and other relevant materials for the Merger will be mailed to shareholders of IVCB as of a record date to be established for voting on the Merger. Shareholders of IVCB will also be able to obtain copies of the Registration Statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s web site at www.sec.gov or by directing a request to IVCB at Century Yard, Cricket Square, Elgin Avenue, P.O. Box 1111, George Town, Grand Cayman KY1-1102, Cayman Islands.

    Contact

    IVCB

    Century Yard, Cricket Square, Elgin Avenue, P.O. Box 1111,
    George Town, Grand Cayman KY1-1102, Cayman Islands
    Attn: Vikas Mittal
    212-207-0090

    The MIL Network –

    May 27, 2025

  • MIL-OSI: OTC Markets Group Welcomes Exail Technologies, a European defense company, to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Exail Technologies (Euronext Paris: EXA; OTCQX: EXALF), a world-leading player in the fields of maritime drone systems and navigation systems, has qualified to trade on the OTCQX® Best Market. Exail Technologies upgraded to OTCQX from the Pink® market and is the first European company active in the defense sector to join the OTCQX Market.

    Exail Technologies begins trading today on OTCQX under the symbol “EXALF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    The company continues to be traded simultaneously on its home market, Euronext, as well as on the U.S. market, strengthening its global visibility and enhancing accessibility for international investors.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    About Exail Technologies
    Exail Technologies is a high-tech company specialized in advanced technologies in the fields of autonomous robotics and navigation, with a deep vertical integration. The group offers complex systems of drones navigation systems especially in the maritime field.

    About OTC Markets Group Inc.

    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSTM are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

    May 27, 2025

  • MIL-OSI: MEXC Announces the Listing of Sophon (SOPH) with $40,000 in SOPH and 50,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 27, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, will list Sophon (SOPH) on May 28, 2025(UTC).To celebrate the listing, MEXC is launching a special event for new and existing users, featuring a total prize pool of $40,000 in SOPH and 50,000 USDT.

    Sophon Network (SOPH) bridges the gap in blockchain mainstream adoption by delivering user-friendly blockchain applications that seamlessly integrate into everyday digital life. As the ecosystem matures, the project leverages Validium technology within the ZKsync Elastic Chain to offer high performance and a smooth user experience, two essentials for widespread adoption.

    SOPH is the native utility token of the Sophon Network ecosystem, used for gas fee payments and rewarding node operators. With a fixed total supply of 10 billion tokens, SOPH forms the core economic model of the platform, enabling users to engage with a variety of consumer-focused blockchain applications.

    The Sophon (SOPH) Airdrop+ event runs from May 27, 2025, 11:00 (UTC) to June 6, 2025, 11:00 (UTC) and includes the following benefits:

    • Benefit 1: New users who deposit SOPH will share $30,000 in SOPH.
    • Benefit 2: All users can participate in the Futures Challenge to share 50,000 USDT in Futures bonuses.
    • Benefit 3: All users can invite new users to share $10,000 in SOPH.

    MEXC has established itself as an industry leader by consistently providing users with early access to promising crypto projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users can access the best opportunities in the ever-evolving crypto landscape.

    For full event details and participation rules, please visit here.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. 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/aff4c8ac-321b-4bbf-bbb6-c7fcc0b36854

    The MIL Network –

    May 27, 2025

  • MIL-OSI: Gilat Receives Over $25 Million in Orders for its Multi-Orbit Satellite Solutions

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, May 27, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Commercial Division received over $25 million in orders from leading global satellite operators. Deliveries are scheduled throughout 2025 and 2026.

    The orders demonstrate continued confidence in Gilat’s powerful portfolio of products and services for multi-orbit constellations—GEO, MEO, and LEO—, including ground segment infrastructure, network management systems, and value-added services. Much of the current momentum is driven by increasing demand for high-quality broadband connectivity in the skies, reinforcing Gilat’s leadership in the IFC market.

    Gilat’s technologies are built to meet the stringent requirements of mobility-driven services like IFC, where performance, efficiency, and reliability are paramount. At the same time, the company’s solutions continue to support a range of commercial satellite applications, helping operators maximize network value and customer satisfaction.

    “We’re seeing accelerating demand for high-quality In-Flight Connectivity as satellite operators expand their service offerings to meet rising expectations from the aviation industry,” said Ron Levin, President of Gilat’s Commercial Division. “At the same time, these orders reflect the broader confidence in Gilat’s ability to deliver reliable, high-performance solutions across a range of satellite communications applications.”

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

    Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:

    Gilat Satellite Networks
    Hagay Katz, Chief Product and Marketing Officer
    hagayk@gilat.com

    Alliance Advisors:
    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    The MIL Network –

    May 27, 2025

  • Fintech driving growth for MSMEs and merchants, says FM Sitharaman

    Source: Government of India

    Source: Government of India (4)

    Union Finance Minister Nirmala Sitharaman on Tuesday said that India’s fintech companies are playing a crucial role in expanding the country’s Digital Public Infrastructure (DPI) and empowering merchants as well as micro, small, and medium enterprises (MSMEs).

    The Finance Minister visited the office of Pine Labs, a digital fintech company based in Noida, and interacted with its employees and staff members.

    She acknowledged “India’s fintech firms’ contribution to expanding the country’s Digital Public Infrastructure (DPI) and in enabling seamless, secure, and inclusive financial services for merchants and MSMEs,” the Finance Minister’s Office said in a post on X.

    B. Amrish Rau, CEO of Pine Labs, shared his excitement in a post on X, saying that it was “an exciting and unbelievable day… It was a full house and our FM was completely immersed in her interactions and tech discussions.”

    Pine Labs is a merchant commerce omnichannel platform operating across India, the Middle East, and Southeast Asia. The company focuses on simplifying digital payments and helping businesses scale their fintech solutions.

    Meanwhile, UPI QR codes have shown the fastest growth in India’s digital payments infrastructure in the financial year 2024–25, registering a 91.5 percent increase over the previous year, reaching 657.9 million.

    The number of banks going live on UPI continues to rise, reaching a total of 668 in April, which is expected to boost the value of transactions, according to data from the Reserve Bank of India (RBI).

    UPI has emerged as the dominant method for digital transactions in India. Nearly four out of every five digital payments in the country during FY24 were conducted via UPI, according to the RBI’s annual report.

    The RBI has also introduced greater flexibility in revising transaction limits for in-person UPI merchant payments. The National Payments Corporation of India (NPCI) can now adjust limits based on user needs, with appropriate safeguards—making UPI even more convenient for users.

    India’s digital payments ecosystem witnessed a significant surge in the second half of 2024, driven by the increased use of the Unified Payments Interface (UPI), mobile payments, and cards, according to Worldline India’s Digital Payments Report.

    IANS

    May 27, 2025

  • MIL-Evening Report: What’s the difference between abs and core? One term focuses on aesthetics – and the other on function

    Source: The Conversation (Au and NZ) – By Hunter Bennett, Lecturer in Exercise Science, University of South Australia

    Maksim Goncharenok/Pexels

    You’ve probably heard the terms “abs” and “core” used in social media videos, Pilates classes, or even by physiotherapists.

    Given they seem to refer to the same general area of your body, you might have wondered what the difference is.

    When people talk about “abs”, they’re often referring to the abdominal muscles you can see. Conversely, the term “core” is used to describe a broader group of muscles in the context of function, rather than aesthetics.

    While abs and core are often spoken about separately, there’s a lot of overlap between them.

    What are abs?

    The term “abs” is short for abdominal muscles. These are the muscles that run along the front and side of your stomach.

    When someone talks about getting a six-pack, they’re usually referring to toning the rectus abdominis, the long muscle that goes from the bottom of your ribs to the top of your pelvis.

    Your abdominals also include your obliques, which sit on the side of your body, and your transverse abdominis, which sits underneath your other abdominal muscles and wraps around your waist like a belt.

    The term “abs” has been around for a long time, and is perhaps most often used when discussing aesthetics.

    For example, it’s common to see health and wellness publications offering advice on how to achieve “flat” or “six-pack” abs.

    The long muscle that goes from the bottom of your ribs to the top of your pelvis is called the rectus abdominis.
    phoenix creation/Shutterstock

    What about the core?

    When people talk about the “core”, they are often referring to your abdominals, but also the muscles in your back (your spinal erectors), hips, glutes, pelvic floor, and your diaphragm.

    These are the muscles that can stabilise your spine against movement, and aid in the transfer of force between the upper and lower limbs.

    The term “core” wasn’t commonly used until the early 2000s, when it became synonymous with core training.

    While the exact reason for its surge in popularity isn’t clear, it most likely followed a study published in 1998 that suggested people with lower back pain might have impaired function of their deep abdominal muscles.

    From there, the concept of “core training” entered the mainstream, where it was proposed to reduce lower back pain and improve athletic performance.

    ‘Core’ training only entered the mainstream this century.
    nadia_acosta/Shutterstock

    What does the evidence say?

    When we consider all the muscles that make up the core, it seems obvious they would be important – but it might not be for the reasons you think.

    For example, having good core stability doesn’t necessarily prevent lower back pain, as it’s been touted to do.

    There’s evidence suggesting core stability training, which might include exercises such as planks and dead bugs, can help reduce bouts of lower back pain. However it doesn’t appear to be any more effective than other types of exercise, such as walking or weight training.

    Other research suggests there aren’t any differences in how people with and without lower back pain recruit and use their core muscles.

    In a separate study, improvements in core strength and stability after a nine-week core stability training program were not significantly associated with improvements in pain and function, further questioning this relationship.

    The link between core strength and athletic performance is also unclear.

    A 2016 review found some very small associations between measures of core muscle strength and measures of whole body strength, power and balance. However, because of the design of the studies reviewed, we don’t know whether people who have better strength, power and balance simply have stronger core muscles, or whether stronger core muscles increase strength, power and balance.

    An earlier review summarised the effect of core stability training on measures of athletic performance, including jumping, sprinting and throwing. It concluded this type of training is unlikely to provide substantial benefits to measures of general athletic performance such as jumping and sprinting.

    However, this review also suggested that, given the important role of the abs in torso rotation, strengthening these muscles might have merit in improving performance in sports that involve swinging a bat or throwing a ball.

    This is likely to apply to other sports that involve rapid torso movement as well, such as mixed martial arts and kayaking.

    Stronger abdominal muscles could offer an advantage in sports that involve rotation.
    Lino Khim Medrina/Pexels

    How can you exercise your abs and core?

    There’s good evidence that simply getting stronger by lifting weights can help prevent injuries. Training your core to get stronger should have a similar impact, as long as it’s part of a broader training program.

    We also know having weaker muscles makes you more likely to experience functional limitations and disability in older age. So alongside any other potential benefits, improving core strength with the rest of your body could help keep you fit and healthy as you get older.

    There are plenty of exercises you can do to train your core and abs.

    If you’re new to core training, you might want to start off with some lower-level isolation exercises that don’t involve any movement of the core. These include things like planks, bird dogs, and pallof presses. These are unlikely to cause too much muscle soreness, but will train your core muscles.

    Once you feel like these are going well, you can start moving into some more dynamic exercises such as sit ups, Russian twists and leg raises, where you train your abdominals using a full range of motion.

    Hunter Bennett 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. What’s the difference between abs and core? One term focuses on aesthetics – and the other on function – https://theconversation.com/whats-the-difference-between-abs-and-core-one-term-focuses-on-aesthetics-and-the-other-on-function-254582

    MIL OSI Analysis – EveningReport.nz –

    May 27, 2025

  • MIL-OSI Banking: Development Asia: Revitalizing Cities Through Sustainable Urban Redevelopment

    Source: Asia Development Bank

    Regulatory planning framework: A prerequisite for comprehensive urban redevelopment is a functioning and responsive urban planning regulatory framework, complemented by an integrated urban governance system that enables close collaboration across institutions and levels of government. Together, these elements facilitate optimal land use, (including the effective application of floor area ratio (FAR)), infrastructure upgrades, and time-bound, context-specific intervention planning. Development control regulations and by-laws should also promote climate resilience, urban health and safety, gender equity, and social inclusion.

    Area-based development: This fosters the holistic development of both existing and new areas while catalyzing further urban growth, contributing to a stronger overall city landscape. An area-based redevelopment planning framework offers a more comprehensive method that integrates amenities, infrastructure upgrades, street improvements, and economic growth. It can transform existing areas—including slums and urban poor neighborhoods—into well-planned, integrated spaces within the urban fabric, thereby enhancing the overall livability of the city.

    Robust land records and property valuation systems: Periodic updates to land and property-related information (e.g., land use, ownership, FAR, development control regulations) are essential for effective urban planning and intervention. These updates ensure transparent data, facilitating the most informed and effective decision-making processes.

    Cities empowered to access financing, absorb capital: Urban redevelopment projects require significant financing throughout various stages of implementation. States and larger cities should establish an apex urban redevelopment fund to lower finance costs, enable private sector access, and ensure sustained funding. Governments can leverage development partners for advisory services and financing facilitation through risk-sharing instruments.

    State governments should empower larger cities to mobilize affordable and sustainable financing solutions, while smaller cities can benefit from state-level funds and bond markets to support urban redevelopment. A financially self-sustaining model, independent of public funds, is key to effective redevelopment. Utilizing land value capture mechanisms can enable governments to generate and redistribute public revenues – augmenting investment in essential infrastructure and supporting more equitable urban transformation.

    Public-private-people partnerships: Private sector participation should be incorporated and incentivized through feasibility studies for urban redevelopment projects, easing the burden on the government while enhancing infrastructure development—not only for basic services but also for housing, office spaces, hotels, and other urban facilities (e.g., public open spaces, amenities). Such partnerships provide access to the technical expertise, experience, and efficiency of private entities. Moreover, engaging residents in the process fosters inclusive urban redevelopment strategies and helps mitigate resistance to redevelopment efforts.

    Institutional capacity for coordination and cooperation: Holistic urban redevelopment requires extensive coordination across multiple fronts—spatial, economic, social, and financial. Institutions must establish mechanisms to foster cooperation while strengthening their capacities to harness the economic potential of urban areas. Urban local bodies need skilled human resources to effectively negotiate, coordinate, and collaborate with various stakeholders. Ultimately, coherent institutional, governance, and regulatory frameworks are essential for sustaining long-term coordination and cooperation.

    Green infrastructure and preservation of cultural heritage: Cities can transition toward a more climate-responsive built environment by mandating green infrastructure provisions in plans and development control regulations, incentivizing their implementation, and fostering convergence across various government schemes. Where applicable, redevelopment plans can also integrate strategies for heritage and cultural preservation through adaptive reuse while maintaining existing built forms. Additionally, promoting pedestrianization and natural cooling mechanisms through sustainable building materials can further revitalize urban areas.

    Community engagement and inclusivity: Engaging citizens in a highly technocratic urban redevelopment planning process has traditionally been ineffective. To address this, these processes must be simplified, and dedicated citizen engagement models developed. Platforms that encourage citizen participation in planning and implementation can help mitigate adverse impacts. A strong civil society presence, and partnerships with civil society organizations can enhance citizen engagement, particularly among economically weaker and vulnerable communities.

    Databases on urban redevelopment projects: As redevelopment policies and regulatory frameworks evolve, institutional capacities strengthen, and redevelopment gains momentum, cities will need to gather, process, and access relevant information to guide the design, planning, and implementation of redevelopment initiatives across the region. Establishing a database of critical information on ongoing and completed urban redevelopment projects could provide valuable insights and benefits sooner rather than later.

    MIL OSI Global Banks –

    May 27, 2025

  • MIL-OSI: Questerre reports on Quebec Court of Appeal ruling on Bill 21

    Source: GlobeNewswire (MIL-OSI)

    THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS

    CALGARY, Alberta, May 26, 2025 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported on the recent ruling by the Court of Appeal of Quebec related to Bill 21, An Act ending exploration for petroleum and underground reservoirs and production of petroleum and brine (“Bill 21”). A copy of the ruling in French is available online: https://courdappelduquebec.ca/fileadmin/jugements/200-09-010731-245_Arret_2025-05-22.pdf.

    Michael Binnion, President and Chief Executive Officer of Questerre, commented, “In its ruling, the Court of Appeal recognized the existence of a serious issue with respect to the constitutionality of Bill 21 and reinstated certain provisions of Bill 21. We will request leave to appeal this ruling to the Supreme Court of Canada. In the interim, we will ask the Court of Appeal to suspend this ruling until such time. This means that subject to our appeal, the Government of Quebec could move to enforce the specific provisions related to the abandonment and reclamation of existing wells.”

    He added, “This ruling by the Court of Appeal has no impact on the main trial on the merits of the case. We are following the legal process for this case and have a hearing this week on the Government representatives to be questioned prior to setting a trial date.”

    The ruling by the Court of Appeal relates to the appeal by the Attorney General of Quebec of a judgement rendered in January 2024 by the Quebec Superior Court suspending key provisions of Bill 21. A copy of the original ruling is available online: https://www.questerre.com/wp-content/uploads/2024/01/2024-01-25-Decision-English.pdf. The appeal concerns the analysis of the criteria applicable to the suspension of a law. The Court of Appeal dismissed the joint motion by the Company and other license holders for the review and annulment of the judgement granting the appeal and allowed the appeal.

    The Court of Appeal noted in its decision that the Justice did not err in law or exercise his discretion in an unjudicial or unreasonable manner in concluding there was a serious question to be decided. The Court of Appeal noted that the Justice erred in law on the balance of convenience test and did not presume that the suspension of Bill 21 would cause irreparable harm to the public interest. The ruling noted that in view of the importance of the public interest and the failure to demonstrate the benefits to the public of suspending key provisions of Bill 21 it allowed the appeal and overturned the Justice’s original decision.

    Questerre is an energy technology and innovation company. It is leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources. We believe we can successfully transition our energy portfolio. With new clean technologies and innovation to responsibly produce and use energy, we can sustain both human progress and our natural environment.

    Questerre is a believer that the future success of the oil and gas industry depends on the balance of economics, environment, and society. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future.

    Advisory Regarding Forward-Looking Statements

    This news release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”) including the Company’s plans to seek leave to appeal to the Supreme Court of Canada, its plans to ask the Court of Appeal to suspend the ruling and the impact of this ruling on the main case.

    Forward-looking statements are based on several material factors, expectations, or assumptions of Questerre which have been used to develop such statements and information, but which may prove to be incorrect. Although Questerre believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Questerre can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Further, events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation: the implementation of Bill 21 by the Government of Quebec and certain other risks detailed from time-to-time in Questerre’s public disclosure documents. Additional information regarding some of these risks, expectations or assumptions and other factors may be found in the Company’s Annual Information Form for the year ended December 31, 2024, and other documents available on the Company’s profile at www.sedar.com. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Questerre undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    The MIL Network –

    May 27, 2025

  • MIL-Evening Report: Australia’s first machete ban is coming to Victoria. Will it work, or is it just another political quick fix?

    Source: The Conversation (Au and NZ) – By Samara McPhedran, Principal Research Fellow, Griffith University

    Following a shopping centre brawl in Melbourne at the weekend, Victorian Premier Jacinta Allan announced the state will ban the sale of all machetes from Wednesday.

    In March this year, the Victorian government had already announced that from September 1 machetes would become a “prohibited weapon”.

    Prohibited weapons are items considered inappropriate for general possession and use without a police commissioner’s approval or a Governor in Council Exemption Order.

    This means machetes will be added to the list of things – such as swords, crossbows, slingshots, pepper spray and about 40 other items – that are essentially banned.

    Possession of a prohibited item can result in penalties of two years imprisonment or a fine of more than $47,000.

    Victoria is the first state in Australia to outright ban machetes. In other jurisdictions, machetes (like knives) may be used for lawful purposes, and are “controlled” or “restricted” – meaning you need a reasonable excuse or valid reason for possessing one.

    Most jurisdictions (except Tasmania and the Northern Territory) prohibit sales to minors.

    Will there be exemptions?

    Allan said the sales ban will have no exceptions, meaning nobody will be able to purchase a machete.

    However, machetes are a useful tool, particularly for agricultural purposes, and outdoor uses such as camping.

    When the new laws come into effect in September, people will be able to apply for a special “commissioner’s approval” to possess a machete. The exact details of who may be granted an exemption, and under what circumstances, are not yet clear.

    Nor is it clear whether people will have to, for example, pay for a permit to own a machete, or what measures people may have to take to prevent unauthorised access or theft.

    How much of a problem is knife crime in Australia?

    Despite alarming headlines and political rhetoric about a knife crime epidemic, it is hard to say exactly how much of a problem knife crime is.

    Statistics about weapon use and unlawful possession are not always disaggregated by type of weapon.

    Crime statistics are notoriously slippery, and what looks like a “crisis” can often be the result of changes in policing practices. For instance, when police run an intensive operation searching for knives in public places, they are more likely to find knives in public places. This does not necessarily mean there are more people out there carrying knives.

    The one crime where statistics are fairly clear is homicide: knives or other sharp instruments have long been the most common weapon used in Australia.

    The actual number of homicides involving knives or sharp instruments has stayed relatively stable over time. When you take into account the increase in how many people live in Australia, the rate per head of population has fallen.

    It is tempting to think a machete ban would reduce these figures even more. Unfortunately, violence prevention is not that simple.

    Homicides that involve people using their hands and feet have declined markedly over time. Why has this “method”, which is available to anybody, fallen so much? The answer is: nobody really knows.

    This tells us we need to look beyond types of weapons.

    Will the ban achieve anything?

    Violence is complex and simple “solutions” may make people feel safe (at least temporarily) but seldom deliver real results over the longer term.

    It’s easy for governments to ban things, which is why they do it so often. But we should pay close attention to what Victorian Police Minister Anthony Carbine said in March:

    This is Australia’s first machete ban, and we agree with police that it must be done once and done right. It took the UK (United Kingdom) 18 months – we can do it in six.

    Lawmaking should never be a race. Nor should politicians be mere mouthpieces doing what police tell them.

    Police are the ones we turn to for protection when violence breaks out, but this does not mean they are the only ones we should go to when we are looking for the most effective ways to deal with problems.

    Tackling violence takes serious commitment to complex and intensive programs that focus on the root causes, particularly among at-risk families and disadvantaged, marginalised youth.

    This is hard work that takes a long time, includes many different stakeholders, and seldom sways votes. Focusing on the choice of weapon is simply a distraction.

    There is no question the sight of machete-wielding youths storming through a busy shopping centre is terrifying. People should be able to go about their business without fearing they will be attacked.

    But reducing violence takes a lot more than banning one particular weapon, as Victoria will likely find out.

    Dr Samara McPhedran does not does not work for, consult to, own shares in or receive funding from any company or organisation that might benefit from this article.

    – ref. Australia’s first machete ban is coming to Victoria. Will it work, or is it just another political quick fix? – https://theconversation.com/australias-first-machete-ban-is-coming-to-victoria-will-it-work-or-is-it-just-another-political-quick-fix-257541

    MIL OSI Analysis – EveningReport.nz –

    May 27, 2025

  • Sensex soars 640 points, Nifty crosses 25,000 mark on positive sentiment

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market opened on a strong note Monday, buoyed by positive investor sentiment following India’s ascent to the fourth spot in the global economy rankings.

    By 9:32 a.m., the BSE Sensex had rallied 640.3 points, or 0.78%, to trade at 82,361.46. Meanwhile, the NSE Nifty was up 187.39 points, or 0.75%, at 25,040.45.

    The broader market also saw an upward trend. The Nifty Bank index gained 408.25 points, or 0.74%, reaching 55,806.50. The Nifty Midcap 100 rose 426.60 points to 57,114.35, while the Nifty Smallcap 100 advanced 145.90 points to 17,789.25, registering a 0.83% gain.

    Analysts attributed the early rally to the news of India becoming the world’s fourth-largest economy, calling it a morale booster for markets in the short term. Additionally, the Reserve Bank of India’s record dividend payout to the central government—exceeding budget estimates—is expected to aid in containing the fiscal deficit at 4.4% for FY26.

    “This, in turn, can help sustain the current low inflation trend and a declining interest rate environment, both of which are supportive of equity markets. While foreign institutional investors (FIIs) were strong buyers earlier in May, the trend has turned erratic recently, suggesting profit booking at higher levels,” said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    In the Sensex basket, top gainers included M&M, PowerGrid, NTPC, Tata Motors, ICICI Bank, SBI, Tech Mahindra, L&T, Asian Paints, and Axis Bank. Eternal was the only notable loser in early trade.

    In Asia, markets traded mixed. Indices in Bangkok, Seoul, and Tokyo were in the green, while markets in China, Hong Kong, and Jakarta saw declines.

    Globally, the last trading session in the U.S. ended lower. The Dow Jones Industrial Average closed at 41,603.07, down 256.02 points or 0.61%. The S&P 500 dropped 39.19 points (0.67%) to 5,802.82, and the Nasdaq declined 188.53 points (1.00%) to settle at 18,737.21.

    On the institutional investment front, FIIs were net buyers, purchasing equities worth ₹1,794.59 crore on May 23. Domestic institutional investors (DIIs) also bought stocks worth ₹299.78 crore.

    Looking ahead, key economic data such as India’s GDP figures, the U.S. Federal Reserve’s meeting minutes, and U.S. inflation numbers are expected to influence market sentiment this week.

    “Geopolitical uncertainties, the ongoing corporate earnings season, institutional capital flows, and the upcoming derivatives expiry are currently driving volatility in Indian equity markets,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

     
    -IANS
     
    May 27, 2025

  • MIL-OSI: Bitget Lists World Liberty Financial’s USD1 (USD1) Token for Spot Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 26, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of USD1, adding it to spot trading. World Liberty Financial’s USD1 is a fiat-backed stablecoin pegged 1:1 with US Dollars. Trading for USD1/USDT and USD1/USDC trading pair will begin on 26 May 2025, 10:00 (UTC), with withdrawals available on 27 May 2025, 11:00 (UTC).

    The USD1, issued by the Trump family-affiliated World Liberty Financial, is designed to streamline digital transactions by enabling seamless conversion between fiat currency and digital assets. Its recent integration and growing popularity marks a major step toward broader adoption, allowing the stablecoin to operate across multiple blockchains. Through strategic partnerships, USD1 is accelerating its integration within the decentralized finance ecosystem.

    As Bitget continues to curate unique and influential assets within its innovation zone, the listing of USD1 signifies growing demand for stablecoin ecosystems.

    Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON.

    The addition of USD1 into Bitget’s portfolio marks a significant step toward expanding its ecosystem by embracing niche communities and fostering innovation in decentralized economies, further strengthening its role as a gateway to diverse Web3 projects.

    For more details on USD1, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a3dccde4-3a2a-4131-8c07-59dbf02e4c59

    The MIL Network –

    May 27, 2025

  • MIL-OSI USA: Miller, Davis Reintroduce the Second Chance Reauthorization Act of 2025

    Source: United States House of Representatives – Congresswoman Carol Miller (R-WV)

    Washington, D.C. – Yesterday, Congresswoman Carol Miller (R-WV) and Congressman Danny K. Davis (D-IL) introduced legislation to reauthorize critical reentry grant programs from the Second Chance Act of 2008 to support reentry efforts including housing, career training and job placement, and substance use disorder and mental health treatment. The Second Chance Reauthorization Act of 2025 would reauthorize critical programs to reduce recidivism, invest in communities, and promote public safety.
     
    Over 95% of the prison population will eventually be released, with more than 600,000 individuals returning to their communities from prison each year and an even higher number entering and exiting local jails. To address this need and to improve reentry services and lower recidivism rates, the Second Chance Act was passed by Congress with bipartisan support and signed into law by President Bush in April 2008. The Act was last reauthorized by President Trump in 2018.
     
    Senators Capito (R-WV) and Booker (D-NJ) introduced companion legislation in the U.S. Senate.
     
    “Since the Second Chance Act passed in 2008, formerly incarcerated West Virginians reentering our communities have received the vital services and support they needed to return home successfully,” said Rep. Miller. “We have seen the benefits of the Second Chance Act in West Virginia and across the country. When we put in place strong reentry programming, we are creating safer communities where individuals feel supported and empowered to break the cycle of recidivism.”
     
    “Second Chance reentry programs and services have reached hundreds of thousands of individuals and families across the country, creating healthier families and safer communities,” said Rep. Davis. “Continuing to invest in these evidenced-based interventions is a commonsense approach to strengthen individuals, re-build families, and grow our economy.”
     
    Joining Representatives Miller and Davis are Representatives Darin LaHood (R-IL), Lucy McBath (D-GA), Bruce Westerman (R-AR), Hank Johnson (D-GA), Laurel Lee (R-FL), Bobby Scott (D-VA), Don Bacon (R-NE), Nydia Velásquez (D-NY), Lloyd Smucker (R-PA), Shontel Brown (D-OH), Mike Turner (R-OH), Pramila Jayapal (D-WA), Barry Moore (R-AL), and Andre Carson (D-IN).
     
    “As a former federal prosecutor, I understand the importance of accountability to the law, but I also believe that individuals deserve the opportunity to rebuild their lives and contribute to society,” said Rep. LaHood. “I am proud to join my colleagues in reintroducing the Second Chance Act to invest in rehabilitation programs to strengthen services provided in Illinois’ 16th Congressional District to reduce recidivism rates and provide substance abuse treatment for those who need it most.”
     
    “Last month, I was honored to work with colleagues across the aisle to declare April as Second Chance Month, and today’s introduction of the Second Chance Act builds on our bipartisan efforts to break down barriers for formerly incarcerated Americans,” said Rep. McBath. “The goal of our justice system is to reduce and prevent recidivism, which is why we must make smart federal investments to support programs and organizations that assist individuals with reentry. We in Congress can and must be leaders in breaking the stigma and empowering formerly incarcerated individuals to once again make vital contributions to their communities. I am proud to be an original cosponsor of this legislation.”
     
    “It is incredibly important to create pathways for incarcerated Arkansans and Americans who have paid their debt to society and are now experiencing the arduous barriers to re-enter their communities. Congress must work towards reducing recidivism rates and breaking the cycle of crime,” said Rep. Westerman. “There is no doubt that each of these Americans have an intrinsic value and are worthy of the dignity that comes with establishing hard-earned jobs and gaining sought-after respect among their peers. I am proud to support the Second Chance Reauthorization Act which will promote second chances and in turn, create safer communities and brighter futures.
     
    “Thousands of citizens return from incarceration to our communities every year,” said Rep. Johnson. “I know how difficult it is for people to get back up on their feet after getting out of the system. We need to fund programs that can remove barriers for returning citizens. That’s what Second Chance Act is all about, and I’m proud to support this critical, bipartisan legislation.”
     
    “Stabilizing services and employment opportunities are critical for recently incarcerated individuals. We know these programs get people back on the right track and facilitate successful reentry,” said Rep. Scott. “The Second Chance Act reduces recidivism and provides critical support for those returning to society and I thank my colleagues for joining this bipartisan effort with me.”
     
    “I am pleased to support the reauthorization of the Second Chance Act, which demonstrates our commitment to the power of forgiveness and rehabilitation,” said Rep. Bacon. “Second Chance programs have helped reintegrate people back into society, heal families, and give much-needed mental health services. With the help of these support systems, individuals can become productive members of society, restoring dignity and respect to those who have served their time and want to contribute back to their communities and families.”
     
    “Everyone deserves the chance to rebuild their life after incarceration, and that means real support, not roadblocks. The Second Chance Reauthorization Act invests in the housing, job training, and mental health services that make successful reentry possible,” said Rep. Velázquez. “I’m proud to support this bipartisan effort to break cycles of incarceration and uplift communities across the country, and I thank Representatives Danny Davis and Carol Miller for their leadership on this important legislation.”
     
    “America is the land of opportunity and second chances. Previously incarcerated individuals who take accountability for their actions and improve their lives should be able to count on our support,” said Rep. Smucker. “By passing the Second Chance Act Reauthorization Act of 2025, we can help more Americans successfully reenter and become productive members of their communities.” 
     
    “I am honored to be an original cosponsor of the Second Chance Act Reauthorization of 2025. In Northeast Ohio we know first-hand how the cycles of incarceration can negatively impact families and communities,” said Rep. Brown. “By investing in reentry programs and supporting formerly incarcerated individuals, the Second Chance Act has reduced recidivism, strengthened families, and invested in communities that are far too often left behind. We need to build on that progress and ensure more people have a real path to opportunity and stability.”
     
    “The Second Chance Reauthorization Act of 2025 represents a principled and measured approach to criminal justice reform, one that reaffirms our commitment to accountability while acknowledging the vital role of rehabilitation and successful reintegration,” said Rep. Turner. “When we invest in programs that prepare individuals to return to society with purpose and responsibility, we not only restore lives, but strengthen the foundations of our communities.”
     
    “For many incarcerated Alabamians and Americans, paying their debt to society after committing a crime is just the start of a long, burdensome process toward re-entering society,” said Rep. Moore. “The Lord shows each of us grace daily, and that same grace should be shown to those who are committed to breaking the cycle of crime and reintegrating into communities. We must do all we can to help reduce recidivism rates and provide pathways to opportunities that will help incarcerated individuals see a brighter future. I am proud to support the Second Chance Reauthorization Act and look forward to seeing the positive impacts it makes on incarcerated individuals and their communities.” 
     
    “I’m honored to join my colleagues as an original cosponsor of the Second Chance Act Reauthorization. These programs have a proven track record of reducing recidivism and helping returning citizens come back home to become productive members of our communities,” said Rep. Carson. “Over half of all Second Chance participants enrolled in re-entry programs for employment, housing and education services. My home state of Indiana has seen a 21% drop in re-incarceration rates since the bill was first enacted, and if we continue to boldly invest in Second Chances, our families and communities will grow stronger with opportunities for everyone.

    “For too long, our country’s criminal justice system has focused on punitive measures that do nothing to reduce recidivism or actually make our communities safer. We need to invest in initiatives that center rehabilitation and reentry – which is why I’m proud to join my colleagues in introducing the Second Chance Reauthorization Act,” said Rep. Jayapal. “This legislation will continue giving formerly incarcerated individuals the tools and support they need to come back to their homes and communities and successfully rebuild their lives.” 
     
    To read the full text of the bill, click here.
     
    Background:
    The Second Chance Reauthorization Act of 2025 would:

    1. Reauthorize key grant programs that provide vital services, supports, and resources for people reentering their communities after incarceration;
    2. Expand allowable uses for supportive and transitional housing services for individuals reentering the community from prison and jail; and
    3. Enhance addiction treatment services for individuals with substance use disorders, including peer recovery services, case management, and overdose prevention.

     
    Since its passage 16 years ago, Second Chance has supported states, local governments, tribal governments, and nonprofit organizations in their efforts to reduce recidivism. To date, Second Chance grants have reached more than 442,000 justice-involved individuals who participated in reentry services or parole and probation programs. From 2009 to 2024, the U.S. Department of Justice awarded over 1,300 Second Chance Act grants to states, local, and tribal governments, as well as reentry-focused community organizations. Second Chance grants have been administered to 871 agencies across 49 U.S. states, territories, and the District of Columbia.
     
    The legislation is supported by the Council of State Governments Justice Center, Correctional Leaders Association, Major County Sheriffs of America, Conservative Political Action Conference, American Correctional Association, American Jail Association, Prison Fellowship, National District Attorneys Association, American Parole and Probation Association, National Alliance on Mental Illness, National Association of Counties, National Association of State Alcohol and Drug Abuse Directors, National Association of State Mental Health Program Directors, National League of Cities, Treatment Alternatives for Safe Communities, Unify.US, and U.S. Chamber of Commerce.

    ###

    MIL OSI USA News –

    May 27, 2025

  • MIL-OSI Asia-Pac: Christopher Hui departs for Canada

    Source: Hong Kong Information Services

    Secretary for Financial Services & the Treasury Christopher Hui will depart for Canada today to visit Toronto, Ottawa, and Vancouver.

     

    During his visit, Mr Hui will attend the premier Web Summit Vancouver, a key event, where he will share the latest fintech developments and opportunities in Hong Kong with thousands of tech entrepreneurs, investors and leaders.

     

    He will also join several business networking events organised by the Hong Kong Economic & Trade Office (Toronto) and Invest Hong Kong (Canada) to introduce Hong Kong’s advantages in areas such as the financial market, wealth management and fintech, along with the policy support and concessions offered to boost relevant developments and applications.

     

    In addition to conferring with government financial officials of Canada, Mr Hui plans to meet representatives from trade associations and think tanks. He will also visit a number of banks and insurance companies.

     

    Mr Hui is scheduled to return to Hong Kong on May 31. During his absence, Under Secretary for Financial Services & the Treasury Joseph Chan will be Acting Secretary.

    MIL OSI Asia Pacific News –

    May 27, 2025

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on May 26, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 4,073
    Amount allotted (in ₹ crore) 4,073
    Cut off Rate (%) 6.01
    Weighted Average Rate (%) 6.01
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/407

    MIL OSI Economics –

    May 27, 2025

  • MIL-OSI Asia-Pac: MOEA Develops World-Leading B5G NTN Base Station System, Partners with MediaTek and Chunghwa Telecom to Enable Seamless Satellite Communication Upgrades for Network Equipment

    Source: Republic of China Taiwan

    At COMPUTEX 2025, the MOEA unveiled its Tech Hub to showcase 30 innovative technologies, highlighting the world-leading B5G/6G Non-Terrestrial Network (NTN) base station system and bringing together leading network communication companies and major R&D institutes including ITRI, MIRDC, TTRI, and ARTC. In partnership with MediaTek and Chunghwa Telecom, the MOEA successfully completed multi-orbit satellite communication trials. This breakthrough enables direct satellite connectivity via software upgrades, eliminating the need for hardware replacement-a game-changer for remote and offshore connectivity. The solution received global attention at this year’s MWC Barcelona.

    According to the MOEA, Taiwan plays a critical role in the global ICT and AI ecosystem. To stay ahead in next-generation communications and AI-driven manufacturing, the ministry has launched 50 AI pilot production lines, which are already being applied in sectors such as energy storage and smart manufacturing. One notable example is the POXA Energy Management System, which uses AI for intelligent scheduling to optimize green energy storage. The system is slated to spin off into a startup by 2025 to expand its reach.

    The Tech Hub showcases innovations across five key areas: AI services, immersive technologies, AI for manufacturing, sustainable green energy, and next-generation communication. Highlighted solutions include an AI-powered medical logistics robot at Kaohsiung Veterans General Hospital; a smart knee brace with electrostimulation to accelerate rehabilitation for the elderly; photo-realistic AI 3D modeling technology that creates high-fidelity models using only a smartphone; and a transparent display open architecture system designed for smart libraries and hybrid digital-physical environments.

    MIL OSI Asia Pacific News –

    May 27, 2025

  • MIL-OSI: BW Offshore: Invitation to Q1 2025 Presentation 2 June

    Source: GlobeNewswire (MIL-OSI)

    Invitation to Q1 2025 Presentation 2 June

    BW Offshore will release its Q1 2025 results on Monday 2 June at 07:30 CEST.

    A conference call followed by Q&A will be hosted by CEO Marco Beenen and CFO Ståle Andreassen the same day at 09:00 CEST.

    Conference call information:

    You can follow the presentation via webcast with supporting slides and a Q&A module, available on:  

    BW Offshore Limited – Q1 Presentation Webcast

    Please note that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser – Chrome is recommended.

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55

    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network –

    May 27, 2025

  • MIL-OSI: 31/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 31 / 2025
    Schindellegi, Switzerland – 26 May 2025

    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

            Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 88,874 86.74 7,709,372
    19 May 2025 1,300 92.53 120,289
    20 May 2025 1,200 91.89 110,268
    21 May 2025 1,200 91.57 109,884
    22 May 2025 1,200 91.53 109,836
    23 May 2025 1,200 90.93 109,116
    Accumulated 94,974 87.06 8,268,765

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 94,974 at a total amount of DKK 8,268,765.
    On 25 March, 25 April and 23 May 2025, 4,370 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 326,016 treasury shares, corresponding to 1.7%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,417,909.


    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering and global technology partner, empowering enterprise and public sector customers with innovative digital solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Trifork Group AG is publicly listed on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    • CA_31_25_Buyback

    The MIL Network –

    May 27, 2025

  • MIL-Evening Report: Actually, Gen Z stand to be the biggest winners from the new $3 million super tax

    Source: The Conversation (Au and NZ) – By Brendan Coates, Program Director, Housing and Economic Security, Grattan Institute

    As debate rages about the federal government’s plan to lift the tax on earnings on superannuation balances over A$3 million, it’s worth revisiting why we offer super tax breaks in the first place, and why they need to be reformed.

    Tax breaks on super contributions mean less tax is paid on super savings than other forms of income. These tax breaks cost the federal budget nearly $50 billion in lost revenue each year.

    These tax breaks boost the retirement savings of super fund members. They also ensure workers don’t pay punitively high long-term tax rates on their super, since the impact of even low tax rates on savings compounds over time.

    But they disproportionately flow to older and wealthier Australians.

    Two thirds of the value of super tax breaks benefit the top 20% of income earners, who are already saving enough for their retirement.

    Few retirees draw down on their retirement savings as intended, and many are net savers – their super balance continues to grow for decades after they retire.

    By 2060, Treasury expects one-third of all withdrawals from super will be via bequests – up from one-fifth today.

    Superannuation in Australia was intended to help fund retirements. Instead, it has become a taxpayer-subsidised inheritance scheme.

    The tax breaks aren’t just inequitable; they are economically unsound. Generous tax breaks for super savers mean other taxes (such as income and company taxes) must be higher to make up the forgone revenue. That means the burden falls disproportionately on younger taxpayers.

    The government should go further

    The government’s plan to increase the tax rate on superannuation earnings for balances exceeding $3 million from 15% to 30% is one modest step towards fixing these problems. The tax would only apply to the amount over $3 million, not the entire balance.

    This reform will affect only the top 0.5% of super account holders – about 80,000 people – and save more than $2 billion a year in its first full year.

    Claims that not indexing the $3 million threshold will result in the tax affecting most younger Australians, or that it will somehow disproportionately affect younger generations, are simply nonsense.

    Rather than being the biggest losers from the lack of indexation, younger Australians are the biggest beneficiaries. It means more older, wealthier Australians will shoulder some of the burden of budget repair and an ageing population. Otherwise, younger generations would bear this burden alone.

    The facts speak for themselves: a mere 0.5% of Australians have more than $3 million in their super, and 85% of those are aged over 60.

    Even in the unlikely scenario where the threshold remains fixed until 2055 – or for ten consecutive parliamentary terms – it would still only affect the top 10% of retiring Australians. Treasurer Jim Chalmers has rightly pointed out that it is unlikely the threshold will never be lifted.

    Far from abandoning the proposed $3 million threshold, the government should go further and drop the threshold to $2 million, and only then index it to inflation, saving the budget a further $1 billion a year.

    There is no rationale for offering such generous earnings tax breaks on super balances between $2 million and $3 million.

    At the very least, if the $3 million threshold is maintained, it should not be indexed until inflation naturally reduces its real value to $2 million, which is estimated to occur around 2040.

    Sure, it’s complicated

    Levying a higher tax rate on the earnings of large super balances is complicated by the fact existing super earnings taxes are levied at the fund level, not on individual member accounts.

    And it’s true that levying a 15% surcharge on the implied earnings of the account over the year (the change in account balance, net of contributions and withdrawals) will impose a tax on unrealised capital gains, or paper profits.

    Taxing capital gains as they build up removes incentives to “lock in” investments to hold onto untaxed capital gains, as the Henry Tax Review recognised. But it can create cash flow problems for some self-managed super fund members who hold assets such as business premises or a farm in their fund.

    Yet there are seldom easy answers when it comes to tax changes.

    Most people with such substantial super balances are retirees who already maintain enough liquid assets to meet the minimum drawdown requirements.

    Indeed, self-managed super funds are legally obligated to have investment strategies that ensure liquidity and the ability to meet liabilities.

    In any case, the tax does not have to be paid from super. Australians with large super balances typically earn as much income from investments outside super. And the wealthiest 10% of retirees today rely more on income from outside super than income from super.

    Good policy is always the art of the compromise

    Australia faces the twin challenges of big budget deficits and stagnant productivity. Tax reform will be needed to respond to both.

    Good public policy, like politics, always requires some level of compromise.

    Super tax breaks should exist only where they support a policy aim. And on balance, trimming unneeded super tax breaks for the wealthiest 0.5% of Australians would make our super system fairer and our budget stronger.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Actually, Gen Z stand to be the biggest winners from the new $3 million super tax – https://theconversation.com/actually-gen-z-stand-to-be-the-biggest-winners-from-the-new-3-million-super-tax-257450

    MIL OSI Analysis – EveningReport.nz –

    May 27, 2025

  • MIL-Evening Report: Who really benefits from smart tech at home? ‘Optimising’ family life can reinforce gender roles

    Source: The Conversation (Au and NZ) – By Indra Mckie, Postdoctoral Researcher in Collaborative Human-AI Interaction Culture, University of Technology Sydney

    Ashlifier/Shutterstock

    Have you heard of the “male technologist” mindset? It may sound familiar, and you may even know such people personally.

    Design researchers Turkka Keinonen and Nils Ehrenberg
    have defined the male technologist as someone who is obsessed with concerns about energy, efficiency and reducing labour.

    This archetype became apparent in my PhD research when I interviewed 12 families about their use of early domestic robots and smart home devices Amazon Alexa and Google Home. One father over-engineered his smart home so much, his kids struggled to turn the lights on and off.

    The male technologist in the home, as seen in my research, reflects wider trends of the Silicon Valley “tech bro” archetype, the techno-patriarchy, and the growing influence of a tech oligarchy in the Western world.

    The male technologist often complicates and overcompensates with technology, raising the question: are these real problems tech can solve, or just quick fixes masking deeper issues?

    Long-standing patriarchal systems shape the gendered division of domestic labour.
    Andrea Piacquadio/Pexels

    It’s not about making men feel guilty

    The term “male technologist” isn’t about making men feel guilty for using technology to innovate. Anyone can adopt this mindset. It can even apply to institutions that prioritise innovation and efficiency over emotional insight, lived experience or community-based ways of creating change.

    It’s a reflection of how a masculine drive to solve surface-level problems can come before addressing patriarchal systems that have shaped the long-standing gendered division of domestic labour and “mental load”.

    Mental load is the invisible, ongoing effort of planning, organising and managing daily life that often goes unnoticed but is essential to keeping things running.

    Take one of my research participants, Hugo (name changed for privacy). A father of two, Hugo embodies this male technologist mindset by creating “business scenarios” to solve his family’s problems with smart home automation.


    Indra Mckie/The Conversation

    Treating family life like a system to optimise, Hugo noticed his wife looking stressed while cooking. So, he installed a smart clock with Alexa in the kitchen to help her manage multiple timers.

    Hugo saw it as an empathetic solution, tailored to the way she liked to cook. But instead of sharing the load of this domestic task, he “engineered” around it, offloading responsibility to smart devices.

    Smart home tech promises to save time, but it hasn’t solved who does what at home. Instead, it hands more power to those with digital know-how, letting them automate tasks they may never have done or fully understood in the first place.

    Typically, these tend to be men. A recent survey by Kaspersky showed 72% of men are the ones who set up their families’ smart devices, compared to 47% of women.

    Unfortunately, a recent Australian survey found women still do more unpaid domestic work than men. Even in households where women have full-time jobs, they spend almost four hours more on household chores per week than men do.

    Who really benefits in a smart home

    Amazon first released Alexa back in 2014, with Apple and Google quickly following with their own smart home speakers. In the past decade, some people have adopted the hype of the “smart home” to make life easier by controlling technology without needing to get off the couch.

    But smart technology can also affect access to shared spaces, create new forms of control over things and people in the home, and constrain human interactions. And it can be set up to reinforce the existing hierarchy within the household.


    Indra Mckie/The Conversation

    By his own admission, Hugo has over-engineered the home to the point where his children struggle to turn the lights on and off, having disabled the physical switches in favour of voice commands.

    My research looked at how automation is changing care giving and acts of service in the home. With “compassionate automation”, someone could use smart technology to support loved ones in thoughtful ways, such as setting up smart home routines or reminders to make daily life easier.

    But even when it comes from a place of care, tech-based help is not the same as human care. It may not always feel meaningful to the person receiving or providing it. As another participant in my research put it:

    I think there are still human interactions [..] that you probably don’t want AI to mediate for you.


    Indra Mckie/The Conversation

    So what is the alternative to a male technologist mindset? Feminist and queer technology studies offer a different lens. Researchers in these fields argue our interactions with technology are never neutral; they are shaped by gender, power and cultural norms.

    When we recognise this, we can imagine ways of designing and using tech in ways that emphasise care and relationships. Instead of setting up a smart timer in the kitchen, the technologist could ask his wife what she’s cooking and join her, using the voice assistant together to follow a recipe step by step.

    The ultimate fantasy of the male technologist is more toys to solve domestic labour problems at home.
    Gordenkoff/Shutterstock

    Looking ahead to the future of smart homes

    As Alexa+ rolls out later this year with a “smarter” generative AI brain, Google increases Gemini integration into its Home app, and tech companies race to build humanoid robots that can cook dinner and fold laundry, we’re seeing the ultimate fantasy of the male technologist come to life: more toys to presumably solve the problems of domestic labour at home.

    But if men are now taking on more of the digital load, will the mental load finally shift too? Or will they continue to automate the easy, visible tasks while the emotional and cognitive labour still goes unseen and unshared?

    Elon Musk has declared plans to launch several thousand Optimus robots – Tesla’s bid into the humanoid robot race.
    He expects the explosion of a new market of personal humanoid robots, generating US$10 trillion in revenue long-term and potentially becoming the most valuable part of Tesla’s business.

    But as homes get “smarter,” we have to ask: how is this reshaping family dynamics, relationships and domestic responsibility?

    It’s important to consider if outsourcing chores to technology really is about easing the load, or just engineering our way around it without addressing the deeper mental and relational work of household labour.

    Indra Mckie received the UTS Research Excellence Scholarship to complete her PhD research at the University of Technology Sydney.

    – ref. Who really benefits from smart tech at home? ‘Optimising’ family life can reinforce gender roles – https://theconversation.com/who-really-benefits-from-smart-tech-at-home-optimising-family-life-can-reinforce-gender-roles-256477

    MIL OSI Analysis – EveningReport.nz –

    May 27, 2025

  • MIL-OSI China: China sets action plan for digital, intelligent supply chains

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

    BEIJING, May 26 — China rolled out an action plan on Monday to accelerate the development of digital and intelligent supply chains as part of broader efforts to modernize them.

    The action plan, jointly issued by the Ministry of Commerce and seven other departments, advocates adopting cutting-edge technologies such as artificial intelligence, Internet of Things and blockchain to drive digitalization, intelligentization and visualization of supply chains.

    The plan vows to improve the agricultural supply chains, develop intelligent manufacturing supply chains, strengthen supply chain integration in the wholesale sector, optimize retail supply chains, and reduce logistics costs, according to the commerce ministry.

    It comes as the country is stepping up efforts to improve the systems for enhancing the resilience and security of industrial and supply chains, promote full integration between the real economy and the digital economy, and encourage enterprises to apply digital and intelligent technologies to transform and upgrade traditional industries.

    The plan aims to establish replicable models for building digital and intelligent supply chains, with deeply embedded, intelligent and self-supporting systems operational across the country’s major industries and key fields by 2030.

    It also targets nurturing about 100 national leading enterprises in the digital and intelligent supply chain sector by 2030.

    MIL OSI China News –

    May 27, 2025

  • MIL-OSI China: Cannes roundtable explores new era for Chinese cinema

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

    A roundtable on “Exploring China’s Film Narratives in a New Era” brought together Chinese and international filmmakers at the Marché du Film during the 78th Cannes Film Festival, aiming to strengthen cross-cultural dialogue and boost the global appeal of Chinese cinema.

    (From left) Cedric Behrel, Chen Sicheng, Chen Yu and moderator Silvia Wong join the panel roundtable “Exploring China’s Film Narratives in a New Era” during the 78th Cannes Film Festival in Cannes, France, May 20, 2025. [Photo courtesy of China Film Association]

    Deng Guanghui, executive president of the China Film Association, noted in his opening remarks that 2025 marks the 120th anniversary of Chinese cinema and highlighted the industry’s evolution from technical innovation to greater cultural depth.

    “In recent years, supportive policies have driven both creative and industrial growth. Chinese filmmakers are advancing aesthetic traditions while developing unique styles in content, technology and global outreach. They continue to tell original, powerful stories to audiences worldwide,” Deng said.

    China is home to the world’s second-largest film market, Deng said, noting that the government is encouraging more crossover initiatives such as “film plus tourism” and “film plus consumer experiences” to grow the market and promote global development.

    “Chinese cinema will remain open and inclusive, working with international filmmakers to tell stories of our shared future,” he said.

    The panel featured renowned filmmaker Chen Sicheng, screenwriter and Peking University professor Chen Yu, and Cedric Behrel, managing director of Trinity CineAsia, as keynote speakers.

    Chen Sicheng, creator of the hit “Detective Chinatown” franchise, shared insights into the series’ success, saying it has become increasingly difficult to satisfy audiences with single-genre films as new formats such as gaming and social media gain influence.

    “Filmmakers must adapt,” he said. “The ‘Detective Chinatown’ IP blends thriller, comedy and action while reflecting contemporary society. Both form and content need to resonate equally with Chinese audiences.”

    “Chinatown is a unique window and symbol of Chinese culture, especially abroad,” Chen said. “I wanted to tell a story about distinctly Chinese detectives on adventures overseas. Through this film, I hope international audiences can see Chinese cinema evolve. Did I expect its success? I was confident – good films will always find their audience.”

    Chen also revealed plans to set the next “Detective Chinatown” installment in London, but after visiting France, he is now considering filming in Paris and expanding the story across Europe.

    Screenwriter Chen Yu, known for his work on Zhang Yimou’s acclaimed films such as “Full River Red” and “Under the Light,” discussed trends among Chinese audiences. “Chinese viewers are paying more attention to the narrative itself. But this isn’t unique to China – we’re also seeing a global return to storytelling as a central focus,” Chen said. “Audiences generally hope to draw emotional and sentimental strength from films.”

    Cedric Behrel, whose company has handled numerous Chinese releases abroad, including the recent animated juggernaut “Ne Zha 2,” said China’s vast domestic market and its capacity for producing large-scale, high-quality films give it a distinct advantage in delivering the big-screen experiences audiences desire. He noted that as people worldwide spend more time on personal screens, Chinese cinema has an opportunity to stand out.

    He also pointed to China’s rich cultural heritage as a deep source of stories, noting that films like “Ne Zha 2” must balance staying true to local mythology while appealing to global audiences. For Behrel, the appeal lies in demonstrating that Chinese films can compete with Hollywood blockbusters and leading animation studios like Disney, Pixar and Japan’s anime industry.

    (From left) Chen Yu, Deng Guanghui, Chen Sicheng and Cedric Behrel pose for a photo after the panel roundtable at the 78th Cannes Film Festival in Cannes, France, May 20, 2025. [Photo courtesy of China Film Association]

    Chen Sicheng spoke about his role in supporting young talent. He said film industrialization goes beyond visual effects–driven blockbusters, describing it as a systematic process that includes scriptwriting, production, post-production and marketing. Chen sees his company and his role as managing this pipeline to help young Chinese directors become more professional and to provide support where needed.

    Discussing his upcoming film “Malice,” which he produced and wrote and is set for release in July, Chen said the story addresses contemporary issues such as online public opinion and cyberbullying.

    Chen said problems on the internet are a global issue, not unique to China. Since the 1990s, the internet has driven significant progress but also brought challenges, as voices of authority have been drowned out and irrational opinions have come to dominate online discussions, distorting perspectives on politics, culture and the future of humanity.

    “While ‘Malice’ can’t fix these problems, films must reflect their time,” Chen said. “This movie will serve as a time capsule of the digital age and preserve our collective memory of these critical years.”

    Chen Yu also addressed another trending topic: artificial intelligence. He said AI will achieve significant progress and, as its internal systems become more complex, it may eventually develop a form of intelligence. While he views AI as a tool capable of creating many things, he emphasized that humans remain the true measure of all things. Artistic creation, he said, is driven by human flaws and hesitation – qualities that AI, as a rational tool, cannot replicate.

    “When art touches the softest parts of the human soul, AI cannot replace it,” he stressed.

    MIL OSI China News –

    May 27, 2025

  • MIL-OSI: tpay Appoints Marouane Bakhtar as Chief Operating Officer

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 26, 2025 (GLOBE NEWSWIRE) — tpay, the leading payment connector, has appointed Marouane Bakhtar as Chief Operating Officer (COO). In this pivotal role, Marouane will oversee and manage day-to-day operations, including engineering and commercial functions, ensuring operational excellence and alignment with the company’s strategic objectives.

    He will collaborate closely with the executive leadership team to drive growth, enhance efficiency, and support the execution of tpay’s long-term vision.

    “We’re pleased to welcome Marouane to tpay management,” said Işık Uman, Group CEO of tpay. “I believe that he will bring a wealth of experience in operational execution that aligns perfectly with our goal to deliver sustainable value for our clients, and with his broad experience and diverse skill set in the finance industry and deep understanding of fintech approach, he will make a remarkable contribution in translating tpay’s strategic plans into actionable operational goals.”

    “I’m thrilled to take on this new role as tpay implements a strategy to take the company to the next level by expanding its platform offerings and creating more sustainable value for its clients,” commented Marouane Bakhtar. “I look forward to working with tpay management to lead the teams tasked with driving optimal customer experiences and maximising customer value.”

    Marouane brings 17 years of experience leading large-scale, complex projects in top-tier financial services organisations. As former Managing Director of Synpulse UK, he quadrupled the firm’s presence in the UK and led multi-million-pound transformation initiatives, overseeing strategy, delivery, sales, finance, HR, and client partnerships.

    He has extensive expertise in corporate strategy, digital transformation, and technology leadership, known for combining strategic vision with operational and technological execution to drive measurable growth and impact.

    Marouane has a master’s degree in finance and economics from Toulouse Business School.

    About tpay

    tpay is the leading payment connector in the Middle East, Turkey, and Africa (META), dedicated to empowering digital transactions and expanding access to services across the region. With a presence in over 30 countries and partnerships with hundreds of merchants and operators, tpay unifies META through unparalleled network reach, strategic alliances, and transaction excellence. Trusted by global tech brands like Google, Huawei, MBC, Tencent, and others, tpay is transforming digital payments across META. Discover more at: https://tpaymobile.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/22ca5a56-4acd-447c-848c-60c03e318018

    The MIL Network –

    May 27, 2025

  • MIL-OSI: Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 3)

    Source: GlobeNewswire (MIL-OSI)

    This announcement contains information on transactions of the acquisition of own shares of AB Artea bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 30 April 2025. 

     

    The period during which the acquisition of the Bank’s own shares under the programme was carried out – 05.05.2025 – 23.05.2025. 

     

    Period covered by this periodic report – 19.05.2025 – 23.05.2025. 

     

    Other information: 

    Transaction overview 

    Date 

    Total number of shares purchased on the day ( units) 

    Weighted average price (EUR) 

    Total value of transactions (EUR) 

    2025.05.19

    100,000

    0.88

    88,000.00

    2025.05.20

    100,000

    0.877

    87,700.00

    2025.05.21

    100,000

    0.877

    87,650.03

    2025.05.22

    100,000

    0.88

    88,000.00

    2025.05.23

    100,000

    0.879

    87,900.01

    Total acquired during the current week 

    500,000

    0.879

    439,250.04

    Total acquired during the programme period 

    1,500,000

    0.881

    1,322,088.16

     

     

     

     

     

    The Bank’s own bought-back shares: 11,597,749  units.  

     

    Following the above transactions, the Bank will own a total of 12,097,749 units of own shares representing 1.82 % of the Bank’s issued shares. 

     

    Further detailed information on the transactions is attached. 

     

    This information is also available at: www.artea.lt   

     

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt, +370 610 44447

    Attachment

    • Additional detailed information about transactions (week 3)

    The MIL Network –

    May 27, 2025

  • MIL-OSI: Recommendation from Equinor’s nomination committee

    Source: GlobeNewswire (MIL-OSI)

    The nomination committee in Equinor ASA (OSE:EQNR, NYSE:EQNR) recommends that the company’s corporate assembly elects Dawn Summers as a new member to the board of directors of Equinor ASA

    Further, the nomination committee recommends a re-election of Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board, in addition to re-election of Finn Bjørn Ruyter, Haakon Bruun-Hanssen, Mikael Karlsson, Fernanda Lopes Larsen and Tone Hegland Bachke as members of the board of directors. Current member, Jonathan Lewis will resign from the board of directors as of 30 June 2025. It is recommended that Dawn Summers’ election takes effect from 1 September 2025.

    Dawn Summers served as Interim Chief Operating Officer at Harbour Energy from 2024 – 2025. In this position, she was responsible for ensuring business continuity and smooth operations integration following Harbour Energy’s acquisition of Wintershall Dea, where she was as Chief Operating Officer and board member from 2020-2024. In this role, she was responsible for safe business delivery and also led efforts to develop early-stage carbon capture and storage (CCS) and hydrogen projects. Before this, Summers held COO roles at Beach Energy from 2018-2020 and Origin Energy from 2016-2018. She was executive Head of HSE, Operations & Developments with General Energy from 2013-2015 and has held several positions with BP plc from 1995-2013.

    Summers is active in European energy policy. As former Chair of the European Board of the International Association of Oil & Gas Producers (IOGP), she led strategic engagement with EU institutions on energy transition policy and energy security. She also served as President of GasNaturally, promoting secure approaches to climate resilience across the gas value chain.

    Summers is a strong advocate for diversity and inclusion in the energy sector and committed to mentoring the next generation of women leaders in STEM fields.

    Summers has a Bachelor of Engineering (with Honours) in Chemical Engineering from Edinburgh University and Executive Operations Leadership from MIT Sloan School of Management in Massachusetts, USA.

    The election to the board of directors of Equinor ASA takes place in the company’s corporate assembly meeting Monday 2 June 2025. It is proposed that the election takes effect from 1 July 2025, with the exception of Dawn Summers who is proposed elected with effect from 1 September 2025, all with effect until the ordinary election of members to the board of directors in June 2026.

    Contacts:

    • Nils Morten Huseby, chair of the nomination committee
    • All enquiries to be directed through Equinor Corporate Press Office,
      Sissel Rinde, +47 412 60 584.

    This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act

    The MIL Network –

    May 27, 2025

  • MIL-OSI Banking: Construction Begins on New Tokyo Head Office in Shinagawa to Open in FY2030

    Source: Toyota

    Headline: Construction Begins on New Tokyo Head Office in Shinagawa to Open in FY2030

    Toyota Motor Corporation (Toyota) will begin construction on the Shinagawa Station West Exit Area District A New Construction Plan (tentative name; hereinafter, the “Plan”), which it is carrying out together with Keikyu Corporation (Keikyu), on May 31, 2025. Toyota will open a new Tokyo Head Office in FY2030 in a planned building located in front of Shinagawa Station, one of the most important transportation hubs in Japan.

    MIL OSI Global Banks –

    May 27, 2025

  • MIL-OSI United Kingdom: Faster cancer treatment thanks to new radiotherapy machines

    Source: United Kingdom – Executive Government & Departments

    Press release

    Faster cancer treatment thanks to new radiotherapy machines

    Thousands of cancer patients will see faster treatment thanks to new radiotherapy machines

    • Cutting-edge machines will cut waiting times and help 4,500 more patients get treatment faster

    • Upgraded tech being rolled out at 28 hospitals can cut the rounds of radiotherapy needed and reach cancers in harder to treat areas like chest, abdomen and pelvis

    • Rollout is backed by £70 million provided by government as part of its mission to improve cancer care through its Plan for Change

    Thousands of patients will benefit from faster and safer cancer treatment thanks to new cutting-edge radiotherapy machines being rolled out to every region in the country. 

    The government has paid for new linear accelerator (LINAC) machines at 28 hospitals, which use modern technology to reduce delays to treatment and, in some cases, could reduce the number of hospital visits a patient needs to make by half, helping to cut waiting lists faster.  

    Replacing these older machines will save as many as 13,000 appointments from being lost to equipment breakdown.

    The machines will be rolled out at hospitals across the country from August, funded by a £70 million government investment as part of its plans to improve cancer care through the Plan for Change. 

    By March 2027, up to 27,500 additional treatments per year will be delivered, including up to 4,500 receiving their first treatment for cancer within 62-days of referral, helping to treat more cancer patients in faster time.

    Equipped with cutting-edge technology, the machines are safer for patients and can more precisely target tumours, causing less damage to surrounding healthy tissues. They are particularly effective at targeting cancers in harder to treat areas, such as the chest, abdomen and pelvis.  

    Health and Social Care Secretary, Wes Streeting said: 

    There is a revolution taking place in medical technology which can transform treatment for cancer patients. But NHS hospitals are forced to use outdated, malfunctioning equipment thanks to 14 years of underinvestment under the previous government.

    Thanks to the investment this government is making in our NHS, we will provide more cancer patients with world-class, cutting-edge care.

    By reducing the number of hospital visits required and preventing cancelled appointments, these state of the art radiotherapy machines free up capacity so that thousands more patients are treated on time.

    As a cancer survivor, I know just how important timely treatment is. These machines are part of the investment and modernisation that will cut waiting times for patients, through our Plan for Change.

    The tech is being prioritised in hospitals which are currently using outdated treatment machines older than 10 years, meaning patients can be treated faster and reducing cancelled appointments due to faults. 

    It will also increase the availability of Stereotactic Ablative Radiotherapy (SABR) cancer treatments, which can more precisely target tumours.  

    NHS national clinical director for cancer Professor Peter Johnson said:  

    Radiotherapy is essential for many cancer patients, so it’s great news that the investment in new machines means that some will need fewer rounds of treatment, as we bring in more sophisticated techniques. 

    These machines will deliver more precise treatment for patients, which helps them to recover sooner, as well as enabling the NHS to treat people more efficiently as we continue in our efforts to catch and treat more cancers faster.

    The new LINAC radiotherapy machines were allocated across England by Specialised Commissioning teams at NHS England, which will help to improve health inequalities by ensuring every radiotherapy service has the modern equipment needed to offer innovative radiotherapy treatments.

    Alongside turbocharging treatment for patients, significant work is being carried out to get cancers diagnosed more quickly than ever before.  

    Improved performance against the Faster Diagnosis Standard has led to the equivalent of 4,000 extra patients given the all-clear or a definitive cancer diagnosis within 4 weeks in March 2025 compared to the same time the year before, to reach over 217,000 in total in March 2025.

    Patients are also getting easier access to vital tests, checks and scans, with Community Diagnostic Centres delivering almost 2.5 million on high streets and at other convenient locations in March. 

    Senior policy manager at Cancer Research UK, Matt Sample, said: 

    All cancer patients, no matter where they live, should have access to the best treatment, so it’s great to see investment in cutting-edge equipment for hospitals across the country. 

    Modern LINAC machines can offer more efficient, targeted treatment with less side-effects for patients, which is why it’s vital that there is sustained funding to replace them routinely.  

    The government has a huge opportunity in its upcoming National Cancer Plan for England to tackle unequal access to optimal treatment, and we look forward to working with them to help give every patient the care they deserve.

    Kate Seymour, Head of External Affairs at Macmillan Cancer Support says:

    Today marks an exciting step forward for cancer treatment in England. Many people across the country are facing long delays for care but today proves that better is possible.

    Investment in cutting edge technology is essential to bring down waiting times and help more people with cancer get the best care the UK has to offer, whoever and wherever they are.

    The investment in this new technology follows on from the government rolling out 13 new DEXA scanners across the country which will allow 29,000 extra bone scans per year will be delivered for patients as part of the Plan for Change.

    The government’s Plan for Change will continue to put patients first as it works to end the misery felt by millions up and down the country who have been denied the care they need for too long. 

    Over 3 million appointments have already been delivered since the end of June 2024, smashing the government’s target of delivering 2 million extra operations, scans and appointments. This is alongside over 8.3 million more appointments each year becoming available as 1,000 doctors surgeries receive a bricks and mortar upgrade to modernise practices and expand capacity.

    NOTES TO EDITORS 

    The 28 trusts receiving an upgraded scanner are: 

    – Mid and South Essex NHS Foundation Trust
    – Sheffield Teaching Hospitals NHS Foundation Trust
    – Northampton General Hospital NHS Trust
    – United Lincolnshire Hospitals NHS Trust
    – University Hospitals Plymouth NHS Trust
    – Royal Free London NHS Foundation Trust
    – Cambridge University Hospitals NHS Foundation Trust
    – Hampshire Hospitals NHS Foundation Trust
    – The Royal Marsden NHS Foundation Trust
    – Worcestershire Acute Hospitals NHS Trust
    – Lancashire Teaching Hospitals NHS Foundation Trust
    – The Newcastle Upon Tyne Hospitals NHS Foundation Trust
    – East Suffolk and North Essex NHS Foundation Trust
    – Royal Berkshire NHS Foundation Trust
    – Imperial College Healthcare NHS Trust
    – Maidstone and Tunbridge Wells NHS Trust
    – University Hospitals Bristol and Weston NHS Foundation Trust
    – South Tees Hospitals NHS Foundation Trust
    – The Christie NHS Foundation Trust
    – Gloucestershire Hospitals NHS Foundation Trust
    – Nottingham University Hospitals NHS Trust
    – Royal Cornwall Hospitals NHS Trust
    – The Clatterbridge Cancer Centre NHS Foundation Trust
    – University Hospitals of Derby and Burton NHS Foundation Trust
    – Guy’s and St Thomas’ NHS Foundation Trust
    – University College London Hospitals NHS Foundation Trust
    – Barts Health NHS Trust
    – Royal Surrey NHS Foundation Trust

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    Updates to this page

    Published 26 May 2025

    MIL OSI United Kingdom –

    May 27, 2025

  • MIL-OSI Russia: Uzbek companies seek business opportunities in southwest China

    Translation. Region: Russian Federal

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

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

    Chongqing, May 26 (Xinhua) — “I didn’t expect to find so many potential partners in Chongqing!” Donior Matnazarov, a businessman in the ceramic granite industry from Uzbekistan’s Khorezm region, exclaimed at a recent conference on China (Chongqing) – Uzbekistan (Khorezm region) trade and economic exchange.

    Donior Matnazarov visited Chongqing City /Southwest China/ for the first time. He not only held in-depth talks with a number of local construction material companies, but also discussed cooperation opportunities with electric vehicle charging station manufacturers and cross-border legal service providers.

    The event was attended by representatives of 20 Uzbek enterprises, led by Deputy Governor of Khorezm Region Anvar Davletov. They exchanged views with representatives of nearly 80 Chongqing enterprises on investment and trade needs, areas of potential cooperation and other issues in areas such as agriculture, textiles, food, new energy vehicles and electromechanical equipment.

    According to Anvar Davletov, the Khorezm region is rich in tourism and agricultural resources. Tourism is one of the main sectors of the regional economy. Many projects in such areas as the production of aluminum cans, baby food, compound feed and electric motors are open to Chinese investment.

    “Chongqing closely cooperates with Uzbekistan and has consistently established friendly relations with the Tashkent, Samarkand, Navoi, Syrdarya regions and other regions of this country,” said He Yi, secretary of the party group of the Chongqing City Committee for the Promotion of International Trade and chairman of the International Chamber of Commerce of the same city.

    According to its data, in 2024, the total volume of imports and exports between the two sides amounted to 1.06 billion yuan (about 147.62 million US dollars). At the end of the first quarter of 2025, this figure exceeded 300 million yuan, an increase of 123.5 percent year-on-year.

    As it became known, the mutual visa-free regime between China and Uzbekistan will come into force on June 1, 2025. “We count on further trade and economic cooperation and humanitarian exchanges with Chinese enterprises, including Chongqing ones,” Anvar Davletov noted. -0-

    MIL OSI Russia News –

    May 27, 2025

  • MIL-OSI Russia: China unveils action plan to accelerate development of digital and intelligent supply chains

    Translation. Region: Russian Federal

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

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

    BEIJING, May 26 (Xinhua) — China has unveiled an action plan to accelerate the development of digital and intelligent supply chains as part of a broader effort to upgrade them.

    The action plan, jointly released by China’s Ministry of Commerce and seven other departments, proposes adopting new technologies such as artificial intelligence, the Internet of Things and blockchain to drive the digitalization, intelligence and visualization of supply chains.

    According to the ministry, the plan aims to improve the level of supply chain organization in the agricultural sector, promote the intelligent development of supply chains in the manufacturing industry, strengthen the supply chain integration capacity in the wholesale sector, optimize the supply chain offer in the retail sector, and reduce logistics costs.

    The move comes as the country steps up efforts to improve the system’s health by strengthening the resilience and safety of industrial and supply chains, promoting the deep integration of the real economy and the digital economy, and supporting enterprises in transforming and upgrading traditional industries with digital intelligence technologies.

    The plan aims to establish replicable models for building digital and intelligent supply chains and basically build deeply embedded, intelligent, efficient, self-sufficient and controllable supply chain systems in important manufacturing industries and key areas of the country by 2030.

    The document also envisages cultivating about 100 leading national enterprises in the digital and intelligent supply chain sector by 2030. -0-

    MIL OSI Russia News –

    May 27, 2025
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