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Category: Business

  • MIL-OSI: Guaranteed Rate Affinity Welcomes Dino Guadagnino as Regional Vice President of Reverse Mortgages

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 21, 2025 (GLOBE NEWSWIRE) — Guaranteed Rate Affinity, a leading mortgage provider offering unparalleled lending services through its partnership with Coldwell Banker, has appointed Dino Guadagnino as Regional Vice President of Reverse Mortgages, strengthening its commitment to the reverse mortgage space and the senior borrowers it serves.

    With 22 years in the industry and a background in accounting, Guadagnino has specialized in reverse mortgages since 2003. He joins GRA to lead the expansion of its reverse program—bringing more education, opportunity, and tools to agents, loan officers, and senior clients alike.

    “I am excited to join Guaranteed Rate Affinity as the Regional Reverse Mortgage Sales Leader,” said Guadagnino. “GRA’s leadership team and their commitment to offering financial solutions to the senior population make this the ideal organization to grow the reverse mortgage program. We’re focused on building a team of reverse loan officers who align with our values and deliver the highest level of service to clients and partners.”

    In addition to expanding outreach and education for reverse mortgages, Guadagnino will work closely with traditional loan officers to help them get certified in reverse lending and uncover new opportunities in the reverse for purchase space.

    “We’re pleased to welcome Dino to the Guaranteed Rate Affinity family,” said Frank Ciardelli, SVP of Sales Performance. “His knowledge and leadership in reverse lending will be a game changer. Dino’s presence will help grow this business line, expand our offering, and provide seniors with the education and options they deserve.”

    About Guaranteed Rate Affinity

    Guaranteed Rate Affinity is a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services (NYSE: HOUS), which owns some of the industry’s most recognized and respected real estate brands. The innovative JV has funded over $100 billion in loans since its inception. Guaranteed Rate Affinity originates and markets its mortgage lending services to Anywhere’s real estate, brokerage, and relocation subsidiaries.

    Guaranteed Rate Affinity provides unmatched support to Anywhere brokers coast-to-coast, ensuring their customers receive fast pre-approvals, appraisals, and loan closings, creating the ability for buyers to move quickly and confidently when purchasing homes in today’s competitive market. The company also provides the same services to the public and other real estate brokerage and relocation companies across the country—helping employers improve their employees’ relocation experience by prioritizing customer service, digital mortgage ease, and competitive rates.

    Disclosures: Guaranteed Rate owns a controlling 50.1% stake in Guaranteed Rate Affinity, and Anywhere owns 49.9%. Availability of reverse mortgage products varies by state and may not be offered in all areas. Contact a Guaranteed Rate Affinity loan officer for details on current state availability.

    Visit grarate.com for more information.

    Media Contact:
    press@rate.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Cangrade Launches Newly Patented Resume Ranker, Enabling Recruiters to Uncover High-Fit Candidates Quickly and Accurately

    Source: GlobeNewswire (MIL-OSI)

    WATERTOWN, Mass., May 21, 2025 (GLOBE NEWSWIRE) — Cangrade today announced the launch of its newly patented Resume Ranker (U.S. Patent No. 12,287,833), an AI feature that enables recruiters to quickly and effectively narrow down high-fit candidates from just a job description. With the ability to assess hundreds of resumes in minutes, Resume Ranker significantly expedites the process of finding top candidates and screening out those who may not meet the specific job requirements for a given role.

    Born out of customer need, Resume Ranker goes a step beyond resume scanning tools and parsers, applying generative AI-powered technology to uncover the most relevant job requisites and subsequently screen for them. Using existing or new job descriptions, the AI then compares them to current candidate pools to uncover the highest fits for a role, based on rankings for both required and desired skills for the job.

    With the ability to identify and edit required skills, users can create and adjust the parameters to find the best candidates. For example, a person applying for a data analyst role without SQL experience would be eliminated. More mundane skills like “record keeping” or “basic computer skills” can be removed or deprioritized. This ensures anyone in the hiring process is aligned based on the scope of the actual job.

    Benefits of Resume Ranker Include:

    • Time Savings: Quickly sort through a large volume of resumes, enabling users to focus on uniquely human parts of the recruiting process, such as interviewing and building rapport with candidates.
    • Ease of Use: Simply access existing job descriptions or copy/paste new ones, with the ability to identify and edit required and desired skills tailored to the role.
    • Improved Accuracy and Insights: View resume rankings in an intuitive dashboard, and based on the results, narrow down candidates or fine-tune job descriptions to uncover the most pertinent skills, and thus candidates, for the role.

    “With the uncertain state of the economy and job market, it’s likely that we’ll see a shift to an employers’ market this year, with more professionals competing for fewer jobs,” said Gershon Goren, founder and CEO, Cangrade. “With less internal resources and a higher number of applicants, recruiters need processes that empower them to make quick and accurate hiring decisions to stay competitive. Resume Ranker is an effective, intuitive tool giving recruiters a leg up.”

    All Cangrade solutions are created through the lens of responsible AI. As such, Resume Ranker doesn’t include any demographic information, like names, in the resume screening process—the biggest driver of bias when using large language models (LLMs). Recruiters select only job-relevant skills and experiences, so the results are solely based on candidates’ competency and ability to perform the skills most important for the job.

    Resume Ranker is now available to subscribers of Cangrade’s AI Copilot, Jules. For more information about Cangrade’s AI-powered, bias-free hiring and talent management solutions, visit www.cangrade.com.

    About Cangrade
    For HR leaders, Cangrade is the bias-free, AI-powered talent intelligence platform. By integrating data into talent acquisition and management processes, Cangrade enables businesses to make strategic and efficient decisions from initial screening through the entire employee lifecycle. Delivering 10x more accurate predictions of talent success and retention than traditional methods, the company’s Pre-Hire Assessment has helped organizations like Wayfair, FDNY, Lamar Advertising, and Applied Industrial Technologies make the right hiring decisions for over 10 million candidates and counting. For more information, visit www.cangrade.com.

    Media Contact:
    Gina Devine
    Public Relations
    press@cangrade.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: COMMERCE SPLIT Monthly Payments Declared for Capital Share and Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 21, 2025 (GLOBE NEWSWIRE) — New Commerce Split (The “Company”) declares a monthly distribution of $0.05000 per share for Capital shareholders (YCM), and its regular monthly distribution of $0.02500 per share ($0.30 annually) for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B). The Class I Preferreds are paid at an annual rate of 6.00% based on their $5 repayment amount. Class II Preferreds are paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable June 10, 2025 to shareholders on record as at May 30, 2025.

    The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

       
    Distribution Details  
       
    Capital Share (YCM) $0.05000
    Class I Preferred Share (YCM.PR.A) $0.02500
    Class II Preferred Share (YCM.PR.B) $0.03125
    Record Date: May 30, 2025
    Payable Date: June 10, 2025
           
    Investor Relations: 1-877-478-2372 Local: 416-304-4443 www.commercesplit.com info@quadravest.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Graphitic Energy and Technip Energies Form Collaboration to Scale Clean Hydrogen Technology

    Source: GlobeNewswire (MIL-OSI)

    SAN ANTONIO, May 21, 2025 (GLOBE NEWSWIRE) — Graphitic Energy (“Graphitic”), formerly known as C-Zero, has entered into a strategic collaboration with the Claremont office of Technip Energies USA to jointly develop and deploy Graphitic’s innovative methane pyrolysis technology. This innovative process utilizes natural gas to produce clean hydrogen and graphite, a crystalline form of carbon used in batteries, lubricants, refractories, and high-temperature industrial processes. The agreement between Technip Energies and Graphitic includes funding dedicated to testing campaigns to support technology advancement. Later this year, the two companies also plan to enter into a licensing collaboration agreement to accelerate the deployment of Graphitic’s technology around the world.

    Graphitic Energy’s groundbreaking methane pyrolysis technology enables the production of clean hydrogen and solid carbon with no direct CO2 emissions. The process is low-electricity-intensive and can be scaled to produce 100,000 metric tons of hydrogen per year in a single process train. The collaboration will leverage Technip Energies’ leading positions in hydrogen generation and fluidized bed technology.

    “Technip Energies is excited to enter into this cooperation with Graphitic Energy and bring forward our recognized hydrogen production experience and fluidized bed expertise to standardize plants globally for the production of hydrogen and synthetic graphite with minimal direct CO2 emissions. The standardized designs will allow for lower pre-investment costs, accelerated implementation time, high predictability on project economics, and reduced overall capital costs. This cooperation underscores Technip Energies’ commitment to delivering sustainable, innovative, cost-effective low-carbon solutions, strengthening our technology portfolio,” said Mario Tommaselli, Senior Vice President Gas & Low Carbon Energies at Technip Energies.

    Unlike other low-carbon hydrogen production paths, Graphitic’s process economics do not require government subsidies to be cost-competitive, and the company can profitably deliver both hydrogen and graphite at current market prices. In addition, the company’s technology can be sited anywhere natural gas or LNG are available, without the need to source renewable electricity or perform geological CO2 sequestration.

    “Graphitic’s technology enables the production of two critical products from natural gas.  We’ve taken it from an idea, through the lab scale, and into a large pilot generating tonnes of graphitic material.  Collaborating with Technip Energies will enable us to get to market faster and provide interested parties with high-quality engineering packages,” said Graphitic’s Co-Founder and CEO Zach Jones.

    In March 2025, Graphitic commissioned its pilot plant in San Antonio, TX. This state-of-the-art facility is capable of producing several hundred kilograms of hydrogen and up to 1,000 kg of solid carbon per day, with continuous 24/7 operations. It is expected to operate through the end of 2025. The company’s pilot is supported by a recent $15 million extension of its series A funding, bringing its total investment to over $65 million.

    About Technip Energies

    Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality.

    Through collaboration and excellence in execution, our 17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last.

    Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter.

    For further information: www.ten.com

    About Graphitic Energy

    Headquartered in Santa Barbara, CA with plant operations in San Antonio, TX, Graphitic Energy has developed a novel methane pyrolysis process for sustainably using natural gas to produce hydrogen and graphite. This delivers low-cost, clean hydrogen alongside high-value, graphitic carbon. Unlike current hydrogen generation technologies, Graphitic’s process converts abundant natural gas into hydrogen and solid carbon with virtually no direct CO2 emissions. The company has raised over $65 million from investors including Breakthrough Energy Ventures, Energy Capital Ventures, Trafigura, SK Gas, Eni, Mitsubishi Heavy Industries, ENGIE, and AP Ventures.

    For more information, visit www.graphitic.com

    Contact Information:
    Sydney Bartone, Business Development Manager
    Sydney.bartone@graphitic.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92634266-17b9-442c-a832-6dc1f35868e6

    The MIL Network –

    May 22, 2025
  • MIL-OSI: GoodTime Launches Orchestra: A Digital Workforce of AI Agents Built to Transform Hiring

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 21, 2025 (GLOBE NEWSWIRE) — Today, GoodTime, a leader in human-centric AI for hiring, introduces Orchestra, a coordinated digital workforce of AI agents working behind the scenes to eliminate delays, reduce manual work, and transform the way companies hire.

    The hiring landscape has changed dramatically in the last few years, but most recruiting processes haven’t kept up. Manual tasks, slow follow-ups, and scattered systems continue to drag teams down and create poor hiring experiences. That’s the challenge GoodTime solves with Orchestra.

    More than a singular feature or product, Orchestra is the intelligent AI layer woven across the GoodTime experience — a digital workforce of proactive, autonomous agents that work in sync to handle hiring’s most time-consuming tasks. From resume screening and candidate matching to interview scheduling, real-time updates, and more, Orchestra keeps hiring fast, smooth, and human.

    “The hiring process is overdue for a reset — and Orchestra is our answer,” said Ahryun Moon, Co-Founder and CEO of GoodTime. “We’re not building simple bots that follow scripts. We’re building AI that works like a team — constantly learning, coordinating, and making hiring smoother for everyone involved. This isn’t automation for automation’s sake. It’s AI-powered orchestration for a more human hiring experience.”

    From application to offer — faster than ever before

    GoodTime’s intelligent agents don’t just wait for instructions. They act. They scan resumes. They schedule interviews. They keep candidates informed and engaged. They surface insights, flag bottlenecks, and ensure every step of the hiring process runs in perfect sync.

    Built for the demands of modern TA teams, Orchestra delivers:

    • Faster hires, fewer handoffs — Agents move the most qualified candidates forward instantly, reducing time-to-fill and helping you win top talent before competitors do.
    • Smarter hiring decisions — With insights and feedback summaries delivered automatically, hiring teams always have a clear view of what matters most.
    • A better candidate experience — Always-on support and real-time updates keep candidates engaged from start to finish.
    • More time for people-focused work — Agents handle the busywork so TA teams can focus on high-impact moments.

    Intelligent support that works in sync with the talent team

    “Orchestra isn’t here to replace recruiters — it’s here to back them up,” said Charles Mah, Chief Operating Officer at GoodTime. “We built Orchestra to give talent teams their time back. With AI agents handling the heavy lifting, hiring teams can focus on what they do best: building real relationships and making great hires.”

    Orchestra agents support talent teams at every step, eliminating the operational drag that slows hiring down, while keeping people at the center of every interaction. They work in concert with recruiters, coordinators, hiring managers, and candidates to keep everyone supported through each step of the hiring journey.

    Orchestra brings speed, clarity, and consistency to every step of the hiring journey:

    • Instantly screen applicants and match them to roles based on custom job criteria, and automatically prioritize top candidates
    • Build, categorize, and refine job specifications using AI-powered suggestions
    • Book and reschedule interviews based on real-time availability — no back-and-forth required
    • Keep candidates warm, informed, and engaged with timely, personalized messages
    • Deliver answers to candidate FAQs using company-specific documentation
    • Summarize interview scorecards and consolidate team feedback for faster, clearer decisions
    • Monitor hiring pipelines for bottlenecks and recommend fixes before issues escalate

    Everything happens automatically — but never out of sight. Every action is visible, traceable, and designed to keep the talent team in control. When agents and people work together — each doing what they do best — the result is faster hires, smarter decisions, and a more human experience for everyone involved.

    This is AI designed to elevate the human side of hiring, not erase it.

    Learn more about how Orchestra transforms the hiring experience at https://goodtime.io/products/hire/orchestra/.

    About GoodTime

    GoodTime transforms the way companies hire — with human-centric AI that orchestrates every step of the journey. From screening to scheduling to candidate communications and more, our AI agents eliminate delays, reduce manual work, and keep hiring moving fast. They take action at the right moments, surfacing insights, advancing top talent, and keeping your team in the loop every step of the way. Trusted by global teams at Priceline, Lyft, and Hubspot to power people-first hiring at scale, GoodTime delivers faster hires, smarter decisions, and standout candidate experiences.

    Learn more at goodtime.io.

    Media Contact

    For more information or to arrange an interview with Ahryun Moon, please contact:
    Jake Link
    press@goodtime.io

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Flywire Surpasses $320 Million in Past-Due Tuition Collected and 161,000+ Student Enrollments Saved at U.S. Higher Education Institutions

    Source: GlobeNewswire (MIL-OSI)

    Flywire’s Student Financial Software helps U.S. institutions boost enrollment and accelerate cash flow

    Automated payment innovation fuels accelerated adoption of Flywire’s Third-Party Invoicing and 529 Disbursement solutions

    BOSTON, May 21, 2025 (GLOBE NEWSWIRE) — Flywire Corporation (Flywire) (Nasdaq: FLYW) – a global payments enablement and software company – announced today that more than 100 colleges and universities in the United States that use Flywire’s Student Financial Software (SFS) collected more than $320 million in past-due tuition to keep more than 161,000 at-risk students enrolled. These results are part of the ongoing commitment that Flywire is making to its higher education clients in the U.S. to help them accelerate revenue, while optimizing for student success.

    Faced with mounting pressure to create more sustainable revenue streams, U.S. higher education institutions have adopted Flywire’s SFS solution to better streamline the student journey and address education affordability by providing more dynamic payment plans and accelerating past-due collections to help retain students. The return on investment from Flywire’s Collection Management offering of SFS is particularly strong, as it helps institutions avoid the costly process of sending students to collections, which typically charges on average 20% to collect past-due tuition owed. As one example, Purdue University – a Flywire client for cross-border tuition payments and digital 529 disbursements since 2021 – went live with Flywire’s Collection Management offering of SFS in March of 2024 to automate communications and payment plans to collect more past-due tuition faster. Within months, Purdue saved more than 300 students from going to collections, and recovered more than $1 million in revenue that would otherwise have been written off.

    “I can’t imagine how much extra work we’d have to be doing if we were still doing collections the old way. It’s kind of a lifesaver. Our write-offs will go down because of Flywire.” – Chad Lester, Associate Bursar, Account Resolution and Loan Administration, Purdue University

    Ongoing innovation also solves payment challenges around 529 disbursements and third-party payments

    Flywire’s U.S. clients have also begun adopting its third-party invoicing solution, which streamlines the payment experience for third-party sponsors paying a student’s tuition and fees, as well as its 529 disbursements, which digitizes the otherwise manual process of 529 plan payment checks. Since the inception of its 529 solution, Flywire has digitized over $2 billion in tuition payments by eliminating the manual processing of more than 502,000 checks for institutions in the U.S., with more than 750 institutions in the U.S. signed on for the solution. This expansion of these payment capabilities demonstrates Flywire’s commitment to addressing every aspect of the student payment journey, extending its expertise beyond cross-border transactions to deliver comprehensive payment solutions that help clients work smarter.

    “When I first started with Flywire, they were just payments. Now they’ve put 529 solutions in, again a big problem in our university, all the checks. They’ve put in collections and now third-party invoicing. Everything they do makes our jobs easier.” – Janet Hicks, Associate Controller, Student Accounting Services, University of South Florida

    Strengthening partnerships to enhance capabilities for clients and embed deeper within broader education ecosystem

    Flywire directly integrates with a number of leading technology providers, from large ERPs like Ellucian, to Admission and Enrollment Providers like CommonApp, and other software systems. Through these integrations, Flywire is helping institutions improve operational efficiency to ultimately provide better staff and student experiences.

    To strengthen its footprint in the U.S., Flywire has recently partnered with some of the largest and most recognized education technology providers to provide:

    • Tuition insurance through GradGuard to provide Flywire’s higher education clients in the U.S. access to an integrated policy disclosure process that assures greater financial literacy of students and their families
    • Streamlined payment experience through BlackBaud to provide international students enables a seamless payment experience, and help independent schools streamline incoming payments, including tuition and enrollment fees
    • Digital delivery of student loan payments funded and managed by some of the largest banks and loan providers in India, including Credila and State Bank of India   
    • Strengthened international recruitment network of more than 20,000 key recruitment counselors such as IDP, KC Overseas and more to help institutes diversify their recruitment efforts and streamline enrollment from international students.

    Resources

    • Meet with Flywire at NAFSA 2025, May 26 – May 30, Booth #626 and join Flywire’s sessions with NYU, IDP, ICEF, AIRC, INTO and GeNEOus to learn more about how Flywire is powering the global education ecosystem.
    • To learn more about Flywire’s solutions for the U.S. higher education industry, visit here
    • The Flywire Fusion U.S. Education Client Conference & Awards Ceremony is taking place October 20-22 at the Lansdowne Resort in historic Leesburg, Virginia. Save your spot here.

    About Flywire

    Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

    Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

    Flywire supports more than 4,600 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.

    Forward-Looking Statements

    ​​This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations regarding the benefits of its education clients and business, Flywire’s business strategy and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire’s forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC’s website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    Contacts

    Media:
    Sarah King
    Media@Flywire.com

    Investor Relations:
    Masha Kahn
    IR@Flywire.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: ASAPP Appoints Devidas Desai as Senior Vice President of Product Management

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — ASAPP, the leading provider of AI-powered contact center software, today announced it has appointed Devidas Desai as senior vice president of product management. A seasoned product leader with over two decades of industry experience, Desai will spearhead product strategy and innovation, focusing on delivering cutting-edge AI solutions that redefine customer experiences.

    “ASAPP is committed to delivering next-generation AI products that solve our customers’ most complex customer service challenges,” said Priya Vijayarajendran, CEO of ASAPP. “With a track record of delivering solutions that enhance customer engagement and drive business growth, we’re excited to welcome Devidas to the ASAPP team. His strategic vision and user-centric mentality will fuel the next phase of growth as we continue to extend the limits of AI innovation to enhance customer engagement.”

    Desai joins ASAPP from his previous role as senior vice president of product management at PolyAI, a provider of AI agents for enterprise customer service, where he led the development of voice-first customer service solutions including the launch of Agent Studio, the world’s first GenAI voice-first omnichannel customer experience (CX) platform. Prior to his role at PolyAI, Desai held key leadership positions at RingCentral, where he led its Unified Communications as a Service (UCaaS) product offering, and Symphony.com, where he oversaw applications with nearly 500,000 active users across the world’s largest banking institutions.

    “Having worked in product management for over two decades, I recognize firsthand the immense value that ASAPP’s AI-driven solutions deliver in maximizing enterprise contact center efficiency,” said Devidas Desai, senior vice president of product management at ASAPP. “I look forward to joining a best-in-class team to spearhead product strategy, scale contact center capabilities, and advance innovation in conversational AI.”

    Desai’s appointment marks another milestone in a year of tremendous growth for ASAPP, including the appointment of Priya Vijayarajendran as CEO. The company has also received numerous industry accolades, including recognition as a leader in The Forrester Wave™: Digital Customer Interaction Solutions Q2 2024 report and a leading vendor in Forrester’s The Conversation Intelligence Solutions for Contact Centers Landscape, Q1 2025 report.

    Helpful links

    About ASAPP
    ASAPP is an AI solution provider committed to solving the toughest problems in customer service. Because we automate what was previously impossible to automate, our AI-nativeⓇ solutions deliver more than efficiency gains. They redefine the role of AI in the contact center and lay the groundwork for businesses to reimagine their customer experience delivery in the age of AI. Leading enterprises rely on ASAPP’s generative and agentic AI solutions to dramatically expand contact center capacity and transform their contact centers from cost centers into value drivers. To learn more about ASAPP, visit www.asapp.com.

    Media Contact
    Amy McDowell
    Offleash PR for ASAPP
    asapp@offleashpr.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: ibex Launches the 2025 CX Leadership Awards

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, May 21, 2025 (GLOBE NEWSWIRE) — ibex (NASDAQ: IBEX), the leading global provider of business process outsourcing (BPO) and AI-powered CX solutions, today kicked off the 2025 CX Leadership Awards, which honor the top customer experience (CX) innovators, leaders, and contributors around the world.

    This year’s CX Leadership Award nominees, selected from an ultra-competitive roster of renowned CX experts and visionaries, will be announced over the coming weeks. Winners will be crowned on June 11, 2025 at the ibex CX Leaders Dinner in Las Vegas during Customer Contact Week (CCW).

    “As the AI-powered CX leader, ibex is pleased to congratulate the 2025 CX Leadership Award nominees for their industry leadership, technological innovation, and ability to leverage the latest digital and AI-powered solutions to redefine CX,” said Julie Casteel, Chief Strategic Accounts Officer and CMO at ibex. “Our experience working with the world’s most iconic brands to deliver differentiated customer experiences gives us a unique perspective to recognize the best of the best.”

    The ibex CX Leadership Awards spotlight the individuals and organizations whose vision and innovation are actively reshaping the customer experience industry. Honorees excel in enabling seamless customer engagement, creating extraordinary customer experiences, and optimizing the customer journey.

    ibex expertly combines cutting-edge AI technology with over 20 years of unparalleled CX expertise to create groundbreaking AI-powered solutions. ibex Wave iX solutions enable top brands to refine and elevate their customer interactions, ensuring a seamless customer journey while accelerating growth, enhancing service delivery, and maximizing impact.

    About ibex

    ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of approximately 30 operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

    ibex leverages its diverse global team of more than 31,000 employees together with industry-leading technology, including its AI-powered ibex Wave iX solutions suite, to manage nearly 175 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

    Media Contact:
    Dan Burris
    ibex
    Daniel.Burris@ibex.co

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc623898-8533-4aae-aff1-90f4ae94ae76

    The MIL Network –

    May 22, 2025
  • MIL-OSI: IP Fabric Advances Security Posture Assurance with Firewall Discovery and Simulation

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 21, 2025 (GLOBE NEWSWIRE) — IP Fabric, the Automated Infrastructure Assurance Platform, today announced advanced firewall management features that close critical security and compliance gaps. The latest release includes firewall filtering simulation, transparent firewall discovery and visualization, enhanced compliance checks and granular access controls. These capabilities give enterprises full visibility into how traffic is encrypted, filtered and enforced — helping teams detect misconfigurations, ensure that every firewall is discovered and modeled, and create triggers to automate responses to risk in partnership with the firewall management systems already in use.

    Up to 20% of a network — including the critical firewalls that block malicious traffic and access — are improperly configured in enterprise companies. IT leaders carry a fiduciary responsibility to ensure infrastructure is secure, compliant and cost-effective, starting with a complete understanding of network assets and behavior. Security assessors and regulatory auditors know this, which is why firewall configurations are integral to controls outlined in global frameworks like NIST, CIS, ISO 27001 and SOC 2. IP Fabric’s latest release shows exactly how all firewalls, segmentation and encrypted traffic behave in the real world to reduce risk created by gaps in defense, strengthen protection and speed audit preparation.

    “Infrastructure defense shouldn’t live in silos, but too often our tools and teams do,” said Pavel Bykov, CEO and co-founder of IP Fabric. “We’re giving IT and security teams a shared, end-to-end understanding of how traffic flows, including how it’s encrypted, filtered and enforced across transparent firewalls and IPSec tunnels. When you can visualize devices, end-to-end paths, misconfigurations and gaps in your defense in context, you can take informed action to strengthen your security posture, prove continuous compliance and avoid unbudgeted costs.”

    Key security and compliance enhancements in IP Fabric 7.2

    1. Modern firewall filtering simulation: See how traffic is allowed or blocked by URLs, threat feeds and domain names.

    2. Transparent firewall discovery and visualization: Visualize Layer 2 firewalls and encrypted tunnels to improve monitoring and detect gaps in defense. Now supporting Palo Alto Networks, FortiGate and Firepower firewalls.

    3. Enhanced compliance and intent checks: Identify all devices in the traffic path, map CVEs to vulnerable assets and run tailored checks to spot misconfigurations faster in support of global security frameworks such as NIST, CIS, ISO 27001 and SOC 2.

    4. Granular user access controls for security extensions: Restrict who can deploy or edit automation scripts to prevent unauthorized changes and support compliance.

    5. Next-generation firewall management: Ensure security posture consistently among firewalls both on-prem and in the public cloud, regardless of vendor. Trigger changes based on up-to-date insights into compliance and network behavior.

    By delivering unparalleled visibility and control into security policies, firewall enforcement and compliance posture, IP Fabric’s latest release empowers enterprises to close security gaps before attackers exploit them.

    For a complete list of features included in IP Fabric 7.2 visit the company blog.

    About IP Fabric
    IP Fabric is the industry’s leading automated infrastructure assurance platform, offering a continuously validated view of cloud, network and security infrastructure to improve stability, security and spend. Within minutes, the platform creates a unified view of devices, state, configurations and interdependencies, normalizing multi-vendor data and revealing operational truth through automated intent checks. By uncovering risks and providing actionable insights, IP Fabric empowers enterprises to accelerate IT and business transformation while reducing costs. Trusted by industry leaders like Red Hat, Major League Baseball and Air France, IP Fabric delivers the foundation for a secure and modern infrastructure.

    Learn more at ipfabric.io and follow the company on LinkedIn.

    Media Contact
    Liesse Jayalath
    ipfabric@lookleftmarketing.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90b60f9f-ceea-4df0-8039-81e631394f01

    The MIL Network –

    May 22, 2025
  • MIL-OSI: BTCC Exchange Appoints Dan Liu as CEO Ahead of 14th Anniversary Milestone

    Source: GlobeNewswire (MIL-OSI)

    VILNIUS, Lithuania, May 21, 2025 (GLOBE NEWSWIRE) — BTCC, one of the world’s longest-serving cryptocurrency exchanges, today announces the appointment of Dan Liu as its new Chief Executive Officer. Liu, who previously served as Chief Research Officer at BTCC, brings extensive expertise in both traditional finance and cryptocurrency markets to his new role.

    As BTCC approaches its 14th anniversary in June, Dan Liu’s appointment as CEO marks a new chapter for the exchange. Under his leadership, BTCC aims to build upon its legacy as the world’s most established crypto exchange while pursuing sustainable growth. This vision will carry BTCC confidently into the future, elevating the platform beyond traditional security to drive meaningful industry evolution.

    From Research Visionary to CEO

    Since joining BTCC in 2019, Liu has been instrumental in the exchange’s rapid growth and innovation in the cryptocurrency space. As a dynamic young leader, he previously served as Chief Research Officer at the exchange. With his strategic vision over the years, BTCC expanded its services to users from over 160 countries and significantly enhanced its product offerings in both futures and spot trading markets while maintaining high security standards.

    Liu’s forward-thinking approach to market dynamics has made him a sought-after and respected voice in the cryptocurrency space, with regular features in prominent crypto media outlets including Cointelegraph, Markets Insider, and Japanese publication Monthly Digital Assets.

    “I am deeply honored to lead BTCC Exchange at such a pivotal time for both our platform and the broader cryptocurrency ecosystem,” said Liu. “My crypto journey began back in 2013, and that early passion has only grown stronger over the years. As we celebrate our 14th anniversary this year, I’m excited to combine my background in traditional finance with my love for blockchain innovation. We remain committed to bridging these two worlds, continuing to build trust within the community while accelerating our global expansion.”

    Building on Legacy, Focused on Future

    Since joining BTCC in 2019, Liu has guided the exchange through various market conditions while driving innovation and growth. His leadership has positioned BTCC as an industry pioneer across multiple market cycles.

    One of Liu’s most notable contributions was leading the launch of Tokenized Futures, an innovative financial product rarely seen in the industry. This bold step bridged the gap between traditional finance and blockchain technology and positioned BTCC as a forward-thinking exchange.

    Additionally, under Liu’s strategic guidance, BTCC launched its highly successful Copy Trading feature, which has received exceptional user engagement and positive feedback. This feature provides an accessible entry point for those exploring cryptocurrency markets, aligning perfectly with BTCC’s mission of making digital asset trading more inclusive.

    With his academic background in conventional markets, Liu brings valuable analytical skills to the evolving cryptocurrency space. His leadership represents a new approach where trust, transparency, and blockchain technology work together.

    Looking ahead, Liu’s focus is on global expansion while navigating increasingly diverse regulatory standards across markets. “One of my most important missions is educating the general public about cryptocurrency and making trading accessible to everyday users,” Liu explains. To support this vision, he plans to deepen BTCC’s community connections by attending global industry events and creating direct dialogue with users and partners across different markets—insights that will help shape the platform’s future and inform regional strategies.

    Under Liu’s leadership, BTCC Exchange is poised to continue its legacy as one of the most trusted, secure, and innovative cryptocurrency exchanges globally.

    About BTCC

    Founded in 2011, BTCC is one of the world’s longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.

    Website: https://www.btcc.com/en-US

    X: https://x.com/BTCCexchange

    Contact: press@btcc.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d56fc540-d6fd-4c6f-ae1a-a3ea93410608

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Clear Street Launches Outsourced Trading with Senior Hire from UBS

    Source: GlobeNewswire (MIL-OSI)

    New offering enables clients to optimize their trading function, leveraging Clear Street’s proprietary technology & experienced team

    Clear Street continues rapid roll out, anticipates Outsourced Trading Desk expansion in the coming weeks

    NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — Clear Street, (“Clear Street”, “the Company”) a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, today announced the launch of its outsourced trading platform, a fully integrated execution and support offering designed to meet the evolving needs of asset managers, hedge funds and family offices. Morgan Ralph joins the firm as Head of Outsourced Trading to lead the new initiative. Ralph has deep expertise in trading solutions and joins Clear Street from UBS, where he led business development and platform management for the outsourced trading business. Clear Street’s outsourced trading team will operate from 4 World Trade Center in New York City, in new office space acquired for the effort and illustrative of the firm’s rapid build out of new products and services.

    Andy Volz, Chief Commercial Officer said, “Morgan’s experience launching and growing outsourced trading businesses at some of the world’s top financial institutions aligns perfectly with Clear Street’s vision to deliver a flexible, scalable solution for today’s institutional investors. Outsourced trading is a direct response to our clients’ needs, allowing the flexibility to scale up, or down, as business ebbs and flows, a common occurrence for small and emerging managers. By pairing this offering with our proprietary technology, delivered via Clear Street Studio, we can help our clients more confidently navigate markets.”

    Clear Street’s independent outsourced trading solution is designed to help fund managers—ranging from emerging startups to established institutions—scale operations efficiently while reducing costs. Available across the full spectrum of on-demand to full outsourcing of trading operations, outsourced trading clients gain access to a global broker network, seasoned trading professionals and Clear Street Studio (“Studio”), the firm’s proprietary cloud-based platform that serves as an all-in-one portfolio management system. Through Studio, clients can access real-time trading, risk, and portfolio management tools, enabling seamless collaboration between portfolio managers and traders.

    Ralph commented, “I am beyond thrilled to join Clear Street and to work alongside the excellent team here to bring forward the premier outsourced trading platform on the market. The blend of world-class proprietary technology and an incredibly experienced team of professionals gives us a distinct edge, and our clients will benefit significantly from the unique set of resources this firm can offer. We also have imminent plans to grow, with several exciting hires soon to be announced.”

    Ralph, a CFA Charterholder, brings nearly two decades of trading and platform development experience to this role. Prior to joining Clear Street, he led business development and platform management for the outsourced trading business at UBS, overseeing strategic growth, daily operations and client relationships across the Americas. Previously, he helped launch the outsourced trading offering at State Street Global Markets, serving as Head of Business Development for the Americas. Earlier in his career, Ralph held roles in equity sales and trading at Brown Brothers Harriman and in equity capital markets at Lehman Brothers. He holds a B.A. in Economics from New York University.

    The team behind the offering brings a unique blend of strategic leadership and hands-on expertise, having built and led outsourced trading businesses at firms including UBS, Wells Fargo and State Street Global Markets. With deep execution experience across asset classes, they are focused on delivering high-touch service and operational excellence through scalable, flexible trading solutions tailored to meet the evolving needs of fund managers.

    To learn more about Clear Street’s outsourced trading services, please visit https://www.clearstreet.io/pages/outsourced-trading.

    About Clear Street:

    Clear Street is modernizing the brokerage ecosystem with financial technology and services that empower market participants with real-time data and best-in-class products, tools and teams, to navigate capital markets around the world. Complemented by white-glove service, Clear Street’s cloud-native, proprietary product suite delivers financing, derivatives, execution and more to power client success, adding efficiency to the market and enabling clients to minimize risk, redundancy and cost. Clear Street’s goal is to create a single platform for every asset class, in every country and in any currency. For more information, visit https://clearstreet.io.

    Contact:

    press@clearstreet.io

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Altus Group Releases Q1 2025 U.S. Investment & Transactions Quarterly Report

    Source: GlobeNewswire (MIL-OSI)

    Comprehensive overview of national transaction activity by volume, price, size, and sector

    U.S. commercial real estate transactions remained muted in Q1 2025        

    NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) intelligence, today released its CRE Investment & Transactions Quarterly Report, covering U.S. transaction activity for Q1 2025.

    In Q1 2025, the U.S. commercial real estate market recorded $69.3 billion in dollar value transacted*, compared to $89.2 billion in Q4 2024 and $85.5 billion in Q1 2024. The number of properties transacted was also down, though above the pandemic-era lows for all property types. On an aggregated national basis, transaction activity in Q1 2025 remained muted across the following key metrics:

    Key metric Sequential change over Q4 2024 Year-over-year change over Q1 2024
    Count of properties transacted -11.6% -8.0%
    Dollars transacted -22.3% -19.0%

    “Despite a generally subdued market, Q1 transaction activity showed areas of strength with prices edging higher and multifamily and office drawing more capital than a year earlier,” said Cole Perry, Associate Director of Research at Altus Group. “Twelve of the fifteen property subsectors posted quarter-over-quarter increases in price per square foot, led by consumer-facing categories such as big box retail, limited-service hotels and full-service hotels.”

    Altus Group’s transaction data analysis stands out from other industry reports by covering a broader range of transaction activity and segmenting the data at a very granular level. This quarterly report offers a comprehensive overview of national commercial sale transactions across major property sectors, focusing on transaction volume, pricing, and pacing, with further insights by property subtype and at the metropolitan statistical area (MSA) level. While other reports tend to focus on large transactions, this report takes a more holistic view of the market capturing single-asset transactions exceeding $100,000 in sale value.      

    To access the full Q1 2025 U.S. Investment & Transactions Quarterly Report, please click here.

    *Note: Property and transaction-level data are sourced from Altus Group’s Reonomy product, with data pulled on April 15, 2025 and transactions recorded through March 31, 2025 (the close of Q1 2025). Not all transactions for Q1 2025 were available as of April 15, 2025, so estimates were made to reflect national transaction activity. For information about the data contained in the report and methodology, please see the full report.

    About Altus Group

    Altus connects data, analytics, applications, and expertise to deliver the intelligence necessary to drive optimal CRE performance.  The industry’s top leaders rely on our market-leading solutions and expertise to power performance and mitigate risk. Our global team of ~ 2,000 experts are making a lasting impact on an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities. For more information about Altus (TSX: AIF) please visit www.altusgroup.com. 

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Elizabeth Lambe
    Director, Global Communications, Altus Group
    (416) 641-9787
    elizabeth.lambe@altusgroup.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Bilibili Inc. Announces Pricing of Upsized Offering of US$600 Million Convertible Senior Notes

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, May 21, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced the pricing of its upsized offering (the “Notes Offering”) of US$600 million in aggregate principal amount of convertible senior notes due 2030 (the “Notes”). The Notes have been offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company has granted the initial purchasers in the Notes Offering an option to purchase up to an additional US$90 million principal amount of the Notes, exercisable for settlement within a 30-day period beginning on, and including, the date on which the Notes are first issued.

    The Company plans to use the net proceeds from the Notes Offering to enhance its content ecosystem to facilitate user growth, facilitate IP asset creation, and unleash its inherent potential. The Company also plans to use the net proceeds from the Notes Offering to improve its overall monetization efficiency, fund the Concurrent Repurchase (as defined below), fund future repurchases (from time to time) under its share repurchase program, and for other general corporate purposes.

    When issued, the Notes will be senior, unsecured obligations of the Company. The Notes will mature on June 1, 2030, unless repurchased, redeemed or converted in accordance with their terms prior to such date. Holders may convert their Notes at their option at any time prior to the close of business on the seventh scheduled trading day immediately preceding the maturity date. The initial conversion rate of the Notes is 42.1747 Class Z ordinary shares per US$1,000 principal amount of Notes (which is equivalent to an initial conversion price of approximately HK$185.63 per Class Z ordinary share and represents a conversion premium of approximately 27.1% above the closing price HK$146.00 per Class Z ordinary share of the Company on the Hong Kong Stock Exchange on May 21, 2025) and a premium of approximately 32.5% to the clearing share price of the Concurrent Delta Offering of HK$140.10 per Class Z ordinary share of the Company, and is subject to adjustment upon the occurrence of certain events described below. Upon conversion, subject to certain procedures and conditions set forth in the terms of the Notes, the Company will cause to be delivered the Company’s Class Z ordinary shares, par value US$0.0001 per share. Holders may elect to receive the Company’s American depositary shares (“ADS”), each representing one Class Z ordinary share, in lieu of Class Z ordinary shares deliverable upon conversion.

    The Company may redeem for cash all or any part of the Notes on or after June 6, 2028 if the last reported sale price of the Class Z ordinary shares has been at least 130% of the conversion price for the Notes then in effect for at least 20 trading days, whether or not consecutive, during any 30 consecutive trading day period preceding the date on which the Company provides notice of redemption (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption (the “Optional Redemption”). In addition, the Company may redeem for cash all but not part of the Notes at any time if less than 10% of the aggregate principal amount of Notes originally issued remains outstanding at such time (the “Cleanup Redemption”). The Company may also redeem the Notes upon the occurrence of certain tax-related events (the “Tax Redemption”). Holders of the Notes may require the Company to repurchase for cash all or part of their Notes in cash on June 1, 2028, or in the event of certain fundamental changes. In connection with certain corporate events or if the Company issues a notice of Optional Redemption, Cleanup Redemption or Tax Redemption, it will, under certain circumstances, increase the conversion rate for holders who elect to convert their Notes in connection with such corporate event or such Optional Redemption, Cleanup Redemption or Tax Redemption.

    The Notes will bear interest at a rate of 0.625% per year, payable semiannually in arrears on June 1 and December 1 of each year, beginning on December 1, 2025.

    The Company also announced the pricing of the previously announced concurrent offering of its 10,281,240 Class Z ordinary shares that are being borrowed from non-affiliate third parties and offered in a separate underwritten offering by Goldman Sachs (Asia) L.L.C. and Morgan Stanley Asia Limited (the “Underwriters” and the “Concurrent Delta Offering”, respectively), each acting severally on behalf of itself and/or its respective affiliates, at HK$140.10 per Class Z ordinary share. The Underwriters will use the resulting short position to facilitate hedging transactions by certain investors subscribing for the Notes, who employ a convertible arbitrage strategy (the “Convertible Arbitrage Investors”). The Company has been advised that each Underwriter is concurrently entering into off-market privately negotiated derivative transactions relating to the Class Z ordinary shares, enabling Convertible Arbitrage Investors to establish their initial short positions in the Class Z ordinary shares to hedge market risk in the Notes. The number of Class Z ordinary shares subject to the Concurrent Delta Offering generally corresponds to such initial short positions of the Convertible Arbitrage Investors. No new Class Z ordinary shares will be issued in the Concurrent Delta Offering. Any securities sold in the Concurrent Delta Offering are being offered and sold through a concurrent SEC-registered offering pursuant to a separate prospectus supplement and an accompanying base prospectus. The Company will not receive any proceeds from the Concurrent Delta Offering. The Notes Offering and the Concurrent Delta Offering are contingent upon each other.

    The Company will use part of the proceeds from the Notes Offering for the Concurrent Repurchase. The Concurrent Repurchase enables investors to establish some of their initial short positions in the Class Z ordinary shares to hedge market risk in the Notes and reflects the Company’s confidence in its long-term strategy and growth. The repurchased shares will be cancelled.

    Other Matters

    The Notes, the Class Z ordinary shares deliverable upon conversion of the Notes or the ADSs deliverable in lieu thereof have not been registered under the Securities Act, or any state securities laws. They may not be offered or sold within the United States or to U.S. persons, except in reliance on the exemption from registration under the Securities Act.

    This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of these securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful.

    This press release contains information about the pending Notes Offering, and there can be no assurance that the Notes Offering will be completed.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, the terms of the Notes, whether the Company will complete the Notes Offering, a description of various hedging activities, and statements about Bilibili’s beliefs and expectations, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: -86-21-2509-9255 Ext. 8523
    Email: ir@bilibili.com

    Piacente Financial Communications
    Helen Wu
    Tel: -86-10-6508-0677
    Email: bilibili@tpg-ir.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: -1-212-481-2050
    Email: bilibili@tpg-ir.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Bilibili Inc. Announces Pricing of Offering of Class Z Ordinary Shares in Connection with Hedging Transactions of Certain Convertible Notes Investors and Terms of Concurrent Repurchase

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, May 21, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced the pricing of the separate SEC-registered underwritten offering of its Class Z ordinary shares, par value US$0.0001 per share (the “Concurrent Delta Offering”).

    Concurrently, the Company announced pricing of the upsized offering (the “Notes Offering”) of US$600 million in aggregate principal amount of convertible senior notes due 2030 (the “Notes”) pursuant to Rule 144A under the Securities Act of 1933, as amended. The Company intends to grant the initial purchasers in the Notes Offering a 30-day option to purchase up to an additional US$90 million in principal amount of the Notes.

    In connection with the Notes Offering, the Company announced the Concurrent Delta Offering, under which 10,281,240 of the Company’s Class Z ordinary shares, that have been borrowed from non-affiliate third parties are being offered in a separate underwritten offering by Goldman Sachs & Co. LLC and Morgan Stanley Asia Limited (the “Underwriters”), each acting severally on behalf of itself and/or its respective affiliates, at HK$140.10 per Class Z ordinary share. The Underwriters will use the resulting short position to facilitate hedging transactions by certain investors subscribing for the Notes, who employ a convertible arbitrage strategy (the “Convertible Arbitrage Investors”). The Company has been advised that each Underwriter is concurrently entering into off-market privately negotiated derivative transactions relating to the Class Z ordinary shares, enabling Convertible Arbitrage Investors to establish their initial short positions in the Class Z ordinary shares to hedge market risk in the Notes. The number of Class Z ordinary shares subject to the Concurrent Delta Offering generally corresponds to such initial short positions of the Convertible Arbitrage Investors. No new Class Z ordinary shares will be issued in the Concurrent Delta Offering. The Company will not receive any proceeds from the Concurrent Delta Offering. The Notes Offering and the Concurrent Delta Offering are contingent upon each other.

    The Company will use part of the proceeds from the Notes Offering for the Concurrent Repurchase. The Concurrent Repurchase enables investors to establish some of their initial short positions in the Class Z ordinary shares to hedge market risk in the Notes and reflects the Company’s confidence in its long-term strategy and growth. The repurchased shares will be cancelled.

    The Company has filed an automatic shelf registration statement on Form F-3 (including a prospectus) with the SEC. The Concurrent Delta Offering will be made only by means of a prospectus supplement and the accompanying prospectus. Before you invest, you should read the prospectus supplement and the accompanying prospectus and other documents that the Company has filed with the SEC for more complete information about the Company and the Concurrent Delta Offering. You may obtain these documents by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a copy of the prospectus supplement and the accompanying prospectus may be obtained from Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attention: Prospectus Department, Email: Prospectus-ny@ny.email@gs.com, Telephone: 1 (866) 471-2526; or Morgan Stanley Asia Limited, c/o Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department, Email: prospectus@morganstanley.com, Telephone: 1 (866) 718-1649.

    Other Matters

    This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of these securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful.

    This press release contains information about the pending Concurrent Delta Offering and Concurrent Repurchase, and there can be no assurance that the Concurrent Delta Offering and Concurrent Repurchase will be completed.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, the terms of the Notes, whether the Company will complete the Notes Offering, whether the Concurrent Delta Offering and/or Concurrent Repurchase will be completed, a description of various hedging activities, and statements about Bilibili’s beliefs and expectations, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: -86-21-2509-9255 Ext. 8523
    Email: ir@bilibili.com

    Piacente Financial Communications
    Helen Wu
    Tel: -86-10-6508-0677
    Email: bilibili@tpg-ir.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: -1-212-481-2050
    Email: bilibili@tpg-ir.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Creatd, Inc. Publishes Q1 2025 Financial Report Highlighting a $7.9M Improvement in Net Equity

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — Creatd, Inc. (OTC: CRTD), a holding company focused on acquiring synergistic companies, today announced the publication of its Q1 2025 financial results.

    Q1 2025 Highlights:

    • Net equity improved by $7.9 million in Q1 2025, an 80% quarter-over-quarter increase from Q4 2024.
    • Revenues reached $721,815, up from $428,000 in Q1 2024, representing 70% year-over-year growth
    • Continued execution of uplisting strategy focused on strengthening the balance sheet and acquiring accretive operating businesses

    A major contributor to the first quarter’s performance was the completed acquisition of Flyte, an emerging platform in the private aviation and travel technology sector. Flyte’s addition supports Creatd’s strategy of acquiring established businesses that deliver immediate financial results and align with long-term strategic goals.

    The momentum from Q1 is carrying into Q2, notably with yesterday’s announcement of Creatd’s intent to acquire a stake in PCG Advisory and its affiliated companies for a collective $2.3 million. Given recent developments in Q2, Creatd has now achieved positive net equity for the first time in over four years since its Nasdaq listing. This is an important step toward applying for an uplisting to a national exchange in Q3 2025.

    With a targeted closing at the end of June 2025, the PCG transaction is one of several deals designed to further increase the company’s net equity. In tandem, Creatd is reducing liabilities and advancing additional strategic transactions already in motion.

    Jeremy Frommer, CEO of Creatd, commented:

    “In addition to our accretive acquisitions and overall reduction in liabilities, we’re seeing improving financials across our existing businesses, Vocal and OG Collection. While many microcap companies chase short-term wins at shareholders’ expense, we’re focused on fundamentals: growing revenue and maintaining a strong balance sheet. We’re laying the groundwork for an uplisting, one transaction at a time.”

    The full Q1 2025 Quarterly Report is available on OTC Markets.

    About Creatd, Inc.
    Creatd, Inc. focuses on investments and operations across technology, media, aviation, advertising, and consumer sectors. By leveraging its expertise in structured finance and acquisitions, Creatd identifies and nurtures opportunities within small-cap companies, driving growth and innovation across its diverse portfolio.

    For investor inquiries, contact:
    ir@creatd.com

    The MIL Network –

    May 22, 2025
  • MIL-OSI: Westhaven Commences Summer Program and Provides Exploration Update on Spences Bridge Gold Belt Projects

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 21, 2025 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce the start of summer exploration activities on its four 100% owned gold projects covering 61,512 hectares of the prospective Spences Bridge Gold Belt (SBGB) in Southern British Columbia. Current field work includes prospecting, mapping, and geochemical sampling, with a 3,000m exploration drill program, testing exploration targets at Shovelnose, expected to start in June.

    Ken Armstrong, President & CEO of Westhaven, stated, “Located in a region of southern British Columbia with well established transportation and power infrastructure and current mining activity, Westhaven’s Spences Bridge Gold Belt properties are a unique Canadian gold exploration and development opportunity. With the recent closing of a $4.6M private placement financing, Westhaven is well positioned to advance all four properties and build on the recent preliminary economic assessment of a potential high grade, high margin underground gold mining opportunity at the Shovelnose property (please see news release dated March 3rd, 2025 for details).”

    Mr. Armstrong continued, “Prospecting, mapping and geochemical sampling programs are currently underway at Shovelnose as well as the Skoonka North, Skoonka, and Prospect Valley properties with the goal of discovering and defining gold targets for future drill testing. A 3,000m summer exploration drilling program is expected to start at Shovelnose in June, continuing work to discover gold mineralization outside of the gold deposits that were the subject of the PEA. As also reported today, recent drilling of the Certes and Corral targets has confirmed that multiple, preserved epithermal systems are located within the Shovelnose property and the potential for discovery of additional significant gold mineralization remains high.”

    2025 Regional Exploration of the Spences Bridge Gold Belt Properties

    Field exploration activities are well underway at Westhaven’s Skoonka North, Skoonka and Prospect Valley properties. All three properties host low-sulphidation epithermal gold-silver mineralisation and significant potential for new discoveries based on the presence of favourable host rocks, prominent structures conducive to fluid migration, mineralized float boulders, anomalous stream sediment and gold-in-soil anomalies, and prominent multi-element pathfinder halos within exposed and drilled bedrock samples. Anomalous concentrations of pathfinder elements associated with epithermal mineralization commonly form a larger alteration halo around more restricted gold and silver mineralization, and can help prioritize and focus exploration in the field.

    Initial spring field work has focused on the Skoonka North property, where improved bedrock exposures resulting from forest fires in 2024 are currently being investigated and sampled. Additional evaluation and resampling of anomalous gold values in stream sediments and soil samples will follow at both Skoonka North and Skoonka. Westhaven also intends to expand on 2024 stream silt sampling at the Prospect Valley property, where results not only confirmed gold and silver anomalies associated with known gold showings but also highlighted seven new target areas with unsourced gold and pathfinder element anomalies. Follow up prospecting and geochemical sampling will be prioritised in these anomalous areas.

    Field exploration has also started within expanded areas of the Shovelnose property that were acquired in 2024. This work will be further supported by LiDAR survey data collected in late 2024. Work elsewhere at Shovelnose will include detailed evaluation of at least seven new pathfinder element anomalies identified from mapping, prospecting and rock samples collected in 2023 and 2024.

    2025 Shovelnose Winter Drill Program

    Westhaven is also pleased to report results from 2025 winter exploration drilling at Shovelnose, which consisted of 4 holes (2,004m) testing the Certes and Corral target areas at the southeastern end of a broad 13 km geochemical and structural corridor that hosts the South Zone, FMN and Franz low sulphidation epithermal gold deposits.

    Certes is a 3km long target area defined at surface and in drilling by elevated pathfinder elements, structural offsets, brecciation, quartz and carbonate veining and associated alteration that suggest preservation of an epithermal system in which significant gold-silver mineralization could occur. (For further background on the Certes target, please see news release dated: December 12th, 2024).

    Two drill holes tested the northwestern end of the Certes target (“Certes 1”), where angular sinter float and anomalous pathfinder elements discovered in 2024 strongly suggest proximity to a well-preserved epithermal system, including the possible local presence of a “high level” mercury-venting plume. Drill holes SN25-427 and SN25-428 stepped out to the northeast of earlier drilling, with both encountering intervals of rhyolite and andesite breccia with anomalous pathfinder elements. A broad zone of trace millimetre to centimetre scale quartz–carbonate veining was intersected in SN25-427 from 462m to the end of hole at 508.9m. SN25-428 encountered a similar zone of 5-10% quartz-carbonate veins (up to 20 cm wide) within andesites between 510m and 526m depth, followed, to the end of the hole at 565m, by a mixed package of sedimentary and minor volcanic rocks that is highly anomalous in pathfinder elements mercury, antimony and arsenic.

    A single drill hole tested the southeastern end of the Certes target (“Certes 3”), approximately two kilometres from Certes 1, where quartz veining and anomalous gold and pathfinder elements have been identified in surface rocks and 2024 drilling. Drill hole SN25-426 undercut earlier drill hole SN24-425, encountering a similar northeast trending set of polymetallic quartz veins from 198m to 221m downhole as well as the interpreted down dip extension of a broad zone of 2-20% quartz +/- carbonate and quartz breccia veining in basalt from 427.9m to 447.5m downhole. This latter zone is slightly elevated in base metals (e.g. 0.13% Cu over 0.55m from 429.18m and 0.10% Zn over 4.25m from 427.79m) and represents a secondary target that requires additional follow up.

    A single drill hole (SN25-429) tested the previously undrilled Corral target, approximately 2 km southwest of Certes. Corral is defined by a prominent 4 km long, northwest trending region of anomalous gold and epithermal pathfinder elements within stream sediments and bedrock. Despite its proximity to Certes, Corral is defined by a different pathfinder element signature, suggesting a slightly different relative elevation within the epithermal mineralizing system. SN25-429 encountered several fault zones, a brecciated stockwork of 2-4% milky white massive quartz veinlets from 84.7m to 94.0m, and broad zones of carbonate veinlets (e.g. 251.3m-263.0m). These areas of quartz and carbonate veining display the same strongly elevated pathfinder element signature as observed in bedrock at surface, including weakly anomalous gold (background to 0.1 g/t) and silver (background to 0.9 g/t).

    Drilling at Certes and Corral has confirmed the presence of low sulphidation epithermal mineralized systems in this area of the Shovelnose property, and further drilling is warranted to fully test the area’s potential to host significant gold and silver mineralization.

    For a table of 2025 drill results available to date please click here:
    https://www.westhavengold.com/_resources/shovelnose/Shovelnose-Drilling-Assay-Summary-2025.pdf

    For reference, see also the Plan Map of Recent Drilling below.

    On behalf of the Board of Directors
    WESTHAVEN GOLD CORP.

    “Ken Armstrong”

    Ken Armstrong, President, CEO

    Qualified Person Statement

    Peter Fischl, P.Geo., who is a Qualified Person within the context of National Instrument 43-101 has read and takes responsibility for this release.

    Sampling, Laboratory Analyses and Quality Assurance/Quality Control (QA/QC)

    Most core samples consist of halved drill core cut by manual sawing. In rare cases, and where required by physical core conditions, manual splitting may be used. Half of the core is retained in the original core box for reference samples and any required future work, including QA/QC. Core samples, controlled by a unique bar-coded reference number, are delivered to ALS’s Kamloops facility and prepared using the PREP-31 package. Each core sample is crushed to better than 70% passing a 2mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen. Further analytical and assay procedures are conducted in ALS’s North Vancouver facility. A 0.75g subsample of the pulverized split is subjected to four acid digestion and analyzed via ICP-MS (method code ME-MS61m (+Hg)) which reports a suite of 49 elements. All samples are also analyzed for gold by fire assay with an AES finish, method code Au-ICP21 (30g sample size). Samples returning gold values over 10ppm are subjected to ore grade check assays using fire assay and a gravimetric finish (method code Au-GRA21 and a 30g sample size). Other overlimit elements may also be subjected to ore grade analyses which vary depending on the element of interest. QA/QC includes the laboratory’s internal quality assurance controls as well as Westhaven’s field controls, including the insertion of quarter core duplicates, certified reference materials and blanks, each at a rate of roughly one per 20-25 core samples. Additional blanks are inserted following samples with visible gold or significant concentrations of ginguro (fine grained bands of dark gray to black sulphides). QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, standards and blanks fall outside allowed tolerances. Westhaven’s ongoing QA/QC programs are consistent with industry best practices and include auditing of all exploration data. Any significant changes will be reported when available.

    Neither the 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 release.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company targeting low sulphidation, high-grade, epithermal style gold mineralization within Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~61,512 hectares (~615 square kilometres) within four gold properties spread along this underexplored belt. The Shovelnose Gold Project is the most advanced property, with an updated 2025 Preliminary Economic Assessment that validates the Project’s potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine gold production of 56,000 ounces and having a Cdn$454 million after-tax NPV6% and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of $0.72). Initial capital costs are projected to be Cdn$184 million with a payback period of 2.1 years. Please see Westhaven’s news release dated March 3rd, 2025 (Link: March 3, 2025 News Release) for details of the updated PEA. The technical report supporting this disclosure can be found under the Company’s profile on Sedar+ (www.sedarplus.ca) and on the Company’s website. The Shovelnose Gold Project is situated off a major highway, near power, rail, large producing mines, pipelines and within commuting distance from the city of Merritt, which translates into low-cost exploration and development. Qualified Person: The technical and scientific information in this news release has been reviewed and approved by Peter Fischl, P.Geo, who is a Qualified Person for the Company under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com.

    Forward-Looking Statements

    This news release contains “forward-looking statements” within the meaning of applicable securities legislation. These forward-looking statements are made as of the date of this news release and Westhaven does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law.

    Forward-looking statements in this news release may include, but are not limited to, statements with respect to the results of the Preliminary Economic Assessment, the Mineral Resource Estimate future planned activities, future mineral production and future growth potential for the Company and its projects, the interpretation of preliminary results from exploration undertaken to date at Shovelnose using various exploration techniques and analysis; statements with respect to potential styles of epithermal mineralization at the Shovelnose Project; the possibility that the Company’s Shovelnose project may host multiple gold bearing epithermal systems; and, the potential for an intermediate sulphidation epithermal signature at the Certes target. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Assumptions have been made regarding, among other things, the price of gold and other precious metals; costs of exploration and development; the estimated costs of development of exploration projects; the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. Although management of Westhaven Gold Corp. have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information. Such factors include, without limitation: the Company’s dependence on one group of mineral projects; precious metals price volatility; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; and the factors identified under the caption “Risk Factors” in the Company’s management discussion and analysis. Mineral exploration involves a high degree of risk and few properties, which are explored, are ultimately developed into producing mines. There can be no assurance that such forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

    Plan Map of Recent Drilling

    A map accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/28e32321-7dbf-4e10-8ab7-e4e03db8c92c

    The MIL Network –

    May 22, 2025
  • MIL-OSI Global: Universities face getting stuck with thousands of obsolete robots – here’s how to avoid a research calamity

    Source: The Conversation – UK – By Carl Strathearn, Lecturer in Computer Science, Edinburgh Napier University

    For more than a decade, the French robotics company Aldebaran has built some of the most popular robots used in academic research. Go to most university robotics departments and you’ll find either Pepper, the iconic three-wheeled humanoid robot, or its smaller two-legged sibling, Nao.

    These fast became the robots of choice for many academics for all research into the capabilities and potential of social robots. They are quick to set up and easy to use out of the box, without the need for any programming skills or engineering knowledge.

    With base prices at around £17,000 for Pepper and £8,000 for Nao – typically plus a few thousand pounds more for extras, online training sessions, service plans, warranties and so on – the robots could be purchased via university research grants.

    With Pepper robots also appearing in customer service jobs, for example in HSBC banks across the US, buyers were attracted by the lure of long-term educational and financial benefits from a state-of-the-art tech supplier. Aldebaran says it has sold approximately 37,000 machines worldwide (20,000 Naos and 17,000 Peppers).


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    However, the company stopped developing Pepper robots in 2021, having struggled to sell as many as it had hoped, and was offloaded by long-time Japanese owner Softbank.

    In February of this year, Alderbaran filed for bankruptcy and restructured amid ongoing financial difficulties. Currently looking for a buyer, it has halved its staff numbers, though it is still making Nao (and a serving assistant on wheels called Plato).

    The uncertainty around the company’s future has stoked fears that it will become impossible to get its robots repaired in future, and that Aldebaran could stop supporting the AI cloud network that the machines need to access to be able to function.

    What does this mean for the future of robotics research in universities?

    Besides fears about Aldebaran’s future, there have long been issues with Pepper and Nao’s durability. They both have rigid, fragile plastic shells, and the machines sometimes overheat. This means they have to be left to cool down after 20-30 minutes, which has often interfered with experiments and data-gathering – as documented in this 2022 study of Nao.

    A spokesperson for Aldebaran agreed that motors can overheat, depending on their use and environment. They said the next generation of Nao, currently in development, has taken this into account in its design.

    For repairs, the only option is Aldebaran or an authorised reseller, or you risk voiding your warranty. This typically involves shipping overseas, which can be slow and costly – more so if the replacement parts are out of stock.

    One of us (Emilia) encountered this during the COVID pandemic. Nao’s batteries need to be used regularly to keep functioning, which led the university’s machine to fail because it was inaccessible during lockdowns. Aldebaran couldn’t supply replacement batteries quickly, which halted research projects at the university for many months and meant that important submission deadlines were missed.

    Meanwhile, software upgrades for Pepper stopped when the company halted development in 2021 (sales stopped in 2024). This robot’s limited processing capabilities make it troublesome to run the large language models (LLMs) that power interfaces like ChatGPT (although these can be run in conjunction with a computer with modifications).

    Nao does have an AI edition that can handle LLMs, though this too requires external modifications. Nao’s upgrades also seem to have been limited, which in our experience appears to have made them more error-prone too. Both robots are already considerably less useful for research purposes in our opinion.

    Finally, Nao and Pepper were not built with adaptability in mind. Unlike more recent machines like the 3D-printed InMoov, made by French designer Gael Langevin, there’s no way of customising their components or appearance.

    Their fixed expressions, gestures and plastic body make them difficult to adapt to different user needs or applications, such as helping at home or in healthcare. This again reduces their usefulness from a research point of view.

    Addressing these concerns, the Aldebaran spokesperson said:

    Spare parts availability on Nao is very good, [barring] the normal supply chain issues, and these were exacerbated during COVID like the rest of the commercial world. Pepper is more limited as it has not been in production for some time, but we are generally able to solve any customer issues.

    Nao is still very active as a product, with production continuing along with software upgrades. We recently launched Nao Activities, a major software upgrade that provides generative AI capabilities for Nao.

    The spokesperson added that are were no plans to switch off AI cloud support for Nao or Pepper, and that the robots are not difficult to use in robotics research, “testament of which is the thousands of units being used in that environment”.

    What can be done?

    If Pepper and Nao do become unusable for research, universities will have to either scrap them or try to redevelop them with custom parts and components. It’s possible they could be hacked and gutted, replacement parts could be 3D-printed, new microprocessors installed and the software made local and open source, which may be enough to get the robots back up and working again.

    However, it probably makes sense for researchers to look forwards instead. But towards what? At a time when university finances are very tight, there may be a reluctance to buy new machines with potentially limited shelf lives. Robots from alternative providers such as Futhat and Unitree are supported by similar cloud-based AI systems.

    Some institutions may consider reallocating vital funding to other departments, with a significant impact across robotics research and education. Universities are at the heart of robotics research, upholding high ethical standards and rigorously testing machines without the conflicts of interest that manufacturers can have.

    Universities can also bring together diverse disciplines like computer science, engineering and cognitive science, fostering collaboration that encourages innovation. With the UK number one globally for research quality in this field, these are the training grounds for the next generation of roboticists at a time when there is a growing skills shortage.

    A different way forward would be for universities to start building and programming robots from scratch. For the cost of a new research robot, say £15,000, you could buy several high-spec 3D printers, hardware and components.

    This wouldn’t be about building entire humanoid robots but prototypes of key aspects such as facial expressiveness or skin, human gestures or emotions. This would allow students to gain important hands-on engineering and programming skills, while conducting novel research exploring current gaps in the field.

    It would make personalising them easier and repairing them quicker and cheaper, if you could 3D-print parts or use parts that could be easily replaced off-the-shelf.

    If universities are to remain relevant in this rapidly evolving field, it’s vital that they learn from their difficulties with Pepper and Nao. At a time when robots are starting to be perceived as reliable and cost-effective support for people, this is a cautionary tale for all.

    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. Universities face getting stuck with thousands of obsolete robots – here’s how to avoid a research calamity – https://theconversation.com/universities-face-getting-stuck-with-thousands-of-obsolete-robots-heres-how-to-avoid-a-research-calamity-256829

    MIL OSI – Global Reports –

    May 22, 2025
  • MIL-OSI Global: Small Boat: this slim, devastating novel about a real migrant shipwreck reminds us of the cruelty of indifference

    Source: The Conversation – UK – By Fiona Murphy, Assistant Professor in Refugee and Intercultural Studies, Dublin City University

    There’s a particular kind of story that’s rarely executed well – one without heroes, without lessons, without even the cold comfort of a villain you can confidently point at and say: there, that’s the evil. Vincent Delecroix’s Small Boat – a slim, bruising novel translated with quiet precision by Helen Stevenson – is that kind of story.

    Small Boat, which was shortlisted for the 2025 International Booker Prize, centres on a real horror: the drowning of 27 people in the English Channel on November 24 2021. They were crowded into an inflatable dinghy in the dark, reaching out over crackling radio lines, asking – in French, in English, in Kurdish – for help. They didn’t get it.

    What is known – not imagined in Delecroix’s pages – is that both French and British coastguards received their calls. And both hesitated, passing responsibility back and forth like a poisoned parcel. People died while operators discussed jurisdiction. The Cranston Inquiry, established to examine the failures of that night, is ongoing, its transcripts and testimonies peeling back the layers of bureaucratic neglect.

    Delecroix doesn’t give us the migrants’ stories directly. He focuses instead on a fictional French coastguard operator, a woman who spent that night on the radio, doing (or not doing) what her training, her weariness, her own justifications allowed. In the aftermath, she is questioned – not in a court, but in a room filled with mirrors. She faces a policewoman who looks like her, thinks like her, speaks with her same clipped, professional cadence.

    She listens back to recordings of her own voice on the rescue line promising help that would not come, offering assurances she did not believe. She is left to reckon with the unbearable fact that someone, somewhere (was it her?) spoke the words: “You will not be saved.”




    Read more:
    International Booker prize 2025: six experts review the shortlisted novels


    She isn’t especially monstrous. She’s tired. She’s professional. She has a young daughter at home and an ex-partner who sneers at her work. She runs on the beach to decompress. In one of the novel’s most arresting turns, she compares herself to a mass-produced tin opener: efficient, functional, affectless. Delecroix draws her with enough delicacy that we cannot quite hate her. And that, of course, is far more unsettling.

    Reading Small Boat, I thought – as one inevitably does – of Hannah Arendt’s banality of evil. Not evil as grand spectacle or ideology, but as administration, the quiet conviction that one is simply fulfilling a role. Arendt coined the phrase watching the trial of Adolf Eichmann, one of the chief Nazi organisers of the Holocaust. Eichmann organised the trains but claimed never to have hated the passengers. What Arendt saw was not a monster but a functionary – and that, of course, was the point.

    I thought too about my own work as an anthropologist researching forced displacement across Ireland, Turkey and Australia. I’ve sat with people whose lives are shaped not by violence in its cinematic form, but by violence as policy: the hotel room without a kitchen, the letter that never arrives, the bed that’s taken away with no warning.

    I’ve heard a senior Irish official describe the state’s provision of housing and support for asylum seekers as “sufficient”. Meanwhile people, stateless and waiting, are asked to prove their vulnerability again and again until even their grief is suspect.

    Institutional indifference

    The institutionalisation of indifference: that’s the real story here. The smugness of protocols. The liturgy of duty rosters and shift reports. It wasn’t evil that let those people drown in the Channel – it was ordinary people in warm offices, citing rules, filling forms, following scripts.

    We can see the birth of such indifference in policies like the UK’s abandoned Rwanda plan, which casually proposed outsourcing asylum itself, as if refuge were a commodity.

    Delecroix’s brilliance lies in showing how violence at the border is carried out not by villains, but by workers. By women with mortgages, men on night shifts, people who’ve learned to sort calls for help by urgency, credibility, accent. “Sorting,” the narrator explains, “is perhaps the most important part of the job.” Not all distress calls are equal. And the assumption – always lurking, never spoken – is that some lives are more likely to be saved.

    At one point, the narrator’s colleague Julien answers calls from migrants by quoting Pascal: “Vous êtes embarqués.” You are already embarked. A fatalist shrug disguised as wisdom. As if to say: you should have thought of all this before you left. The shrug does the work of a policy, the quotation the work of a wall.

    And yet, the narrator cannot fully perform indifference. She is haunted by the sea. She remembers loving it as a child. Now, it terrifies her. She feels it watching her, pursuing her, wanting to surge past the shore and swallow the continent whole. She runs along the beach to quiet her mind – a run that is almost the same length as the journey those on the dinghy tried to make.

    If Small Boat has a flaw, it’s that it sometimes flirts with making guilt into its own form of lyricism. But this too may be deliberate. It is easier, perhaps, to feel sorry than to feel implicated. And far easier to narrate moral confusion than to prevent its causes.

    What Delecroix has written is not a redemption story. It’s not a psychological thriller. It is a chamber piece for one voice and many ghosts. There are no grand gestures here. Just small refusals, small failures. And the small, flickering boats of each human life, drifting toward – or away from – one another in the dark.

    In a world ever more brutal towards those who flee war, hunger and despair, Delecroix’s novel is a necessary and merciless indictment. It reminds us that the shipwreck is not theirs alone. It is ours too.

    Fiona Murphy 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. Small Boat: this slim, devastating novel about a real migrant shipwreck reminds us of the cruelty of indifference – https://theconversation.com/small-boat-this-slim-devastating-novel-about-a-real-migrant-shipwreck-reminds-us-of-the-cruelty-of-indifference-255052

    MIL OSI – Global Reports –

    May 22, 2025
  • MIL-OSI Global: Why is it so hard for young people to get jobs?

    Source: The Conversation – UK – By Farooq Mughal, Senior Lecturer (Associate Professor), Management Strategy & Organisation, University of Bath

    antoniodiaz/Shutterstock

    For generations, young people have been told the path to opportunity is clear. Study hard, get a degree, and success will follow. This promise – central to the idea of “meritocracy” – has shaped the aspirations and investments of millions (though in reality, access to university and employment is also shaped by factors like family income, schooling and geography).

    Today, however, many graduates in the UK and elsewhere find they are struggling to land a job – and it’s a problem which extends far beyond roles that match their qualifications. In some cases, graduates are being turned down for roles in supermarkets or warehouses – not because they’re unqualified, but because they’re seen as overqualified, too risky or surplus to requirements.

    In terms of the UK economy, this isn’t just a problem of job shortages. It signals a deeper breakdown in the social contract – the long-held promise that education leads to opportunity. And it exposes how the connection between learning and labour is coming undone.

    As the focus of employers, higher education providers and the state has shifted towards the notion of “employability” – the skills and attitudes that help people get and keep jobs – labour markets have become highly competitive and spoilt for choice.

    At the same time, it’s worth remembering that while employment remains a key concern, the value of education extends far further – shaping personal growth and civic engagement, for example.



    This article is part of Quarter Life, a series about issues affecting those of us in our twenties and thirties. From the challenges of beginning a career and taking care of our mental health, to the excitement of starting a family, adopting a pet or just making friends as an adult. The articles in this series explore the questions and bring answers as we navigate this turbulent period of life.

    You may be interested in:

    Five tips from an expert for choosing a self-help book that will actually work

    How to handle difficult conversations in your early career, from salary negotiation to solving conflict

    Five things young professionals can do today to promote gender equality at work


    Employability places the burden squarely on young people to become work-ready while ignoring the wider barriers they face. These include hiring algorithms, labour market saturation as graduate numbers remain high while vacancies dry up, and uneven access to opportunity.

    Even with degrees and internships, many young people are finding themselves locked out of meaningful work. Research I undertook with colleagues on education-to-work transitions shows how graduates often invest heavily in becoming employable through a mix of soft skills, adaptability and professionalism. But these efforts now rarely guarantee a job.

    Instead, graduates frequently enter a labour market that is both oversaturated and under-responsive. Over the past two decades, the number of graduates in the UK has grown sharply. This surge has intensified competition, pushing many into roles below their qualification level.




    Read more:
    Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that


    The UK government’s Get Britain Working white paper recognises this disconnect. It also highlights the legacy effects of the COVID pandemic, especially among young people aged 16–24 who are not in education, employment or training (Neets) – of which there are now estimated to be 987,000, and rising.

    But while the government’s proposed youth guarantee scheme offers basic training and apprenticeships, it does little for those already in the labour market.

    What’s blocking the way?

    Despite the emphasis on developing skills, many young people – both graduates and non-graduates – struggle to progress in the labour market. For example, the number of entry-level roles in retail, hospitality and logistics is shrinking due to rising costs, automation and algorithmic hiring systems that privilege some over others.

    Recent increases to employer national insurance contributions and the national minimum wage are putting pressure on payrolls, reducing already limited opportunities for young people.

    UK chancellor Rachel Reeves’s 2024 budget contained some shocks for employers.
    Fred Duval/Shutterstock

    This highlights the limits of the popular narrative that effort always leads to reward. The idea that young people just need to try harder collapses under the weight of such constraints.

    Businesses are also facing tight margins, as well as the problems that come with high staff turnover due to a lack of career development opportunities, as rising costs make it harder to invest in staff. But our research shows that even highly motivated graduates – those who network, gain skills, take internships and are adaptable – can struggle to get a foot in the door.

    The UK employment rights bill, which is making its way through parliament, is designed to curb exploitative labour market practices. But professional bodies and trade associations warn that some employers may respond by cutting staff and reducing flexible work.

    While reforms such as reframing the purpose of Jobcentres are critical in making unemployment seem unattractive, they are likely to fall short of creating sustained opportunities.

    Policy paradox

    All of this reveals a paradox. In trying to clamp down on job precarity, the UK government may be shutting young people out of the entry points they need, skilled or otherwise. Well-intentioned policies such as the youth guarantee and employment rights bill risk failure when the labour market often rewards privilege over merit.

    Today’s labour market can penalise young people twice over. First, they’re expected to be employable with the right skillset. Yet even when they are, many find the door shut.

    In my view, the way forward is to create new, accessible roles that reflect a broader duty of care on the part of employers, universities and policymakers. This includes building skills pathways along the lines of the Youth Futures Foundation programme, which works in deprived areas to create pathways that connect young people with support and jobs.

    It also means embedding hiring practices that ensure a closer focus on someone’s potential, such as blind recruitment or diverse hiring panels.

    Incentivising employers to hire and value young talent could be transformative, as could forging partnerships between universities and industry which focus on building the skills needed for employment.

    Government initiatives such as the Trailblazers scheme, which identifies young people at risk of falling out of education or employment, are a good start. But they could be more effective alongside a combination of digital tools that bring together mobile apps for tracking career progress, a skills dashboard, and AI career advice.

    Restoring the social contract means sharing responsibility. Our research finds that employers should regularly review how they assess talent and design career pathways.

    Universities should collaborate with industry to ensure graduate skills align with employer expectations. And the government must address deep-seated inequalities shaped by region, class, race and institutional prestige.

    Ignoring these issues mean they will continue to largely dictate who gets in, who gets ahead, and who gets left out. A collective responsibility ensures that education is recognised not just as a route to employment, but as a cornerstone of a fair, thoughtful and inclusive society.

    Farooq Mughal works for the University of Bath. He is also a Trustee and Director in a non-executive capacity for the Bath Royal Literary and Scientific Institution.

    – ref. Why is it so hard for young people to get jobs? – https://theconversation.com/why-is-it-so-hard-for-young-people-to-get-jobs-256532

    MIL OSI – Global Reports –

    May 22, 2025
  • MIL-OSI Global: Men on social media are cutting their eyelashes to appear more ‘masculine’ – here’s why it’s a bad idea

    Source: The Conversation – UK – By Adam Taylor, Professor of Anatomy, Lancaster University

    Eyelashes help protect our us from infections and debris. FCG/ Shutterstock

    Social media is full of bizarre and questionable trends. The latest involves men trimming or shaving off their eyelashes in order to appear more “masculine”.

    This is yet another instance where leaving the body to look after itself is probably for the best. Our lashes aren’t just aesthetic. They play an important role in protecting our eyes. Trimming them could put you at greater risk of experiencing infections.

    Eyelashes are classed as terminal hair. This means they’re present since birth. We have between 90 and 160 eyelahes on our upper eyelid and around 75 to 80 on our lower lids. They also grow pretty quickly too – at a rate of between 0.12-0.14mm a day.

    While most people focus on the aesthetics of the eyelashes – with plenty of products out there claiming to change their colour, length and thickness – eyelashes actually have important functional roles. They keep dirt and particles out of the eyes, and also deflect air away from the cornea.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    This helps stop the outer surface from drying out – preventing irritation and making it so we don’t have to blink as much to keep our eyes moist. The ideal length of an eyelash is about one-third the width of the eye.

    Trimming your eyelashes is going to increase the risk of infection. There’s even a risk you may catch an infection while trimming the lashes themselves. Since lashes catch particles on them, if a trimmed lash falls back into your eye it could lead to an infection.

    There are cases of this happening even when an eyelash has fallen out naturally, leading to infections and ending up inside compartments of the eye. Rogue eyelashes and the particles on them can cause anything from conjunctivitis (better known as “pink eye”) though to blepharitis (inflammation of the eyelid).

    At the base of the lashes are the meibomian glands. These produce an oily substance rich in fat, called meibum. This substance prevents tears from evaporating quickly, keeping the surface of the eye moist. These secretions also run along the lashes, keeping them healthy and helping to catch small particles so they don’t get into the eye.

    Cutting your eyelashes will reduce the ability to keep particles out of the eye and potentially disturb how well the meibomian glands function, as there’s less eyelash for meibum to sit on and catch particulates. This disruption increases the risk of infections such as keratitis (inflammation of the cornea).

    Other common eyelid infections that can occur are styes or chalazions.

    Styes result from an infection in the base of the eyelash (hair) follicle. It presents as a swollen, tender, red lump that may have yellow discharge coming out of it and crustiness along the eyelid. The most common cause of a stye is a staphylococcus aureus, a bacteria that lives on the skin and in the nose of many people.

    A chalazion is the blockage of the meibomian gland, these swellings are usually painless and not tender to touch. They are most commonly seen on the upper eyelid.

    Trimming the lashes could lead to infections, such as styes.
    Tolmachov Vision/ Shutterstock

    Any interference with your eyelashes and their length increases the risk of particles getting into the eye and causing an infection or blocking the glands.

    Our eyelashes and their length also play an important role in closing our eyes when needed to protect the eyeball. This reflex is activated when the lashes “feel” something touch their very sensitive nerve fibres. Trimming your eyelashes reduces the time that this reflex has to go from detection by the eyelashes, to the brain and then back to the muscles of the eyelid to close it and protect the eyeball. If you cut your eyelashes, you may be at greater risk of things getting in your eye – such as bugs or dust.

    Should you ever trim your lashes?

    There are some conditions that cause the eyelashes to grow abnormally. And in some cases, they may need to be removed or trimmed to prevent infections.

    For instance, some people have abnormally long eyelashes – termed trichomegaly. This is considered where length is more than 12mm or the eyelashes are abnormally curly, pigmented or thick.

    It isn’t known if naturally longer lashes increase the chance of eye problems – but extending your lashes artificially increases infection risk due to the chemicals used in the adhesives.

    Certain drugs may also cause eyelashes to grow excessively – such as the anti-epilepsy drug topiramate.

    Some people can have double rows of eyelashes – actress Elizabeth Taylor was one. This condition is typically caused by a rare condition called distichiasis, which affects one in 10,000 people. Some people can even grow a third and fourth row of eyelashes.




    Read more:
    The risks of eyelash extensions aren’t pretty, from cornea erosion to cancer-causing glue


    Distichiasis causes red, watery or irritated eyes, alongside pain, light sensitivity and even scarring of the cornea. Treatment can be anything from plucking the additional lashes through to cryotherapy (freezing the eyelash follicles to prevent future growth) or laser ablation to prevent them growing back entirely.

    Trichiasis causes the eyelashes to grow inwards towards the eye. Inward growing eyelashes can cause irritation of the eyeball and, if untreated, permanent damage. It can also cause blepharitis.

    In this case, a person would need to use epilation to remove the eyelashes (though they will grow back in four to six weeks). A more permanent solution is laser removal to prevent the eyelashes from regrowing.

    Eyelashes play an important part in protecting our eyes. They’re best left alone to do their thing, and should only be removed if a medical condition is causing them to grow abnormally or leading to irritation. But in those instances, it’s best to seek a doctor’s help to avoid causing yourself any harm.

    Adam Taylor 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. Men on social media are cutting their eyelashes to appear more ‘masculine’ – here’s why it’s a bad idea – https://theconversation.com/men-on-social-media-are-cutting-their-eyelashes-to-appear-more-masculine-heres-why-its-a-bad-idea-256363

    MIL OSI – Global Reports –

    May 22, 2025
  • MIL-OSI Global: The psychology of climate traps and how to avoid them

    Source: The Conversation – UK – By Lucrezia Nava, Assistant Professor, Climate Psychology, Carbon Dioxide Removals, Business School, University of Exeter

    Victor Guerrero Diez/Shutterstock

    Each year, the world loses around 5 million hectares of forest, with 95% of this deforestation occurring in tropical regions. South America is a major hotspot, with Brazil in particular facing severe forest loss — much of it driven by cattle ranching, which accounts for more than 70% of all Amazon deforestation.

    Many of these clearings are carried out by farmers, particularly smallholders, who are trying to cope with intensifying drought and other effects of climate change. This leads to a paradox: the people most exposed to climate threats are often pushed by survival pressures to make choices that further degrade the environment.

    Imagine standing in a field of dry, cracked soil, watching the crops you planted with hope fail to grow. It hasn’t rained in months. You know that planting trees could help protect your land and water sources in the long run. But you need food next week.

    So instead, you clear some forest to sell timber and raise a few cows — a choice that might get you through the season, even if it further reduces soil moisture and water retention on your own farm.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    As one farmer told me: “The problem is: does the agricultural producer die now, or does he die later? Now, he dies of hunger. Later, he dies of thirst. He prefers to die later of thirst.”

    This is what my team of environmental researchers calls a “climate trap”: a vicious cycle where short-term survival decisions deepen long-term climate vulnerability. Our recent study investigates this phenomenon among smallholder cocoa producers in the south of the Brazilian state of Bahia.

    We tracked more than 3,000 farms over four years and conducted dozens of interviews with farmers. One of our most striking findings was that those most affected by droughts were less likely to employ adaptive strategies such as reforestation, and more likely to make environmentally harmful choices such as clearing forest for pasture.

    This contrasts sharply with research from high-income countries, where more exposure to climate risks typically encourages protective action. Why the difference?

    The answer, according to our research, lies in emotion. Many farmers spoke of fear and hopelessness. One told us: “We plant, replant and it dies. Plant, replant, it dies. There’s no rain! Everything we took care of, everything we watered, everything we did with love. It’s no use!”

    These emotions influence decisions. When fear and hopelessness set in, people naturally narrow their focus to the short term — what can I control today?

    Climate shocks such as drought trigger emotional distress, which can lead to environmentally harmful choices that increase vulnerability.
    Scott Book/Shutterstock

    The future becomes too uncertain, too frightening to plan for. As one farmer explained: “Today, I work more in the short term. I’m worried about today’s drought, okay? I’m not starting to think about next year’s drought or in two years’ time.”

    Even when farmers understand that long-term strategies like reforestation would help, those solutions can feel unattainable under emotional and economic stress.

    We call this a maladaptive feedback loop: climate shocks trigger emotional distress, which limits long-term thinking, leading to environmentally harmful choices that further increase vulnerability to future shocks. And the cycle repeats.

    Learning from the loop

    Climate traps are real and probably more widespread than many people realise. Similar dynamics have been reported in parts of Africa, Asia and across the developing world. These are the communities facing the brunt of climate change with the fewest resources to respond.

    To spot climate traps, businesses and governments need to recognise when short-term incentives are driving long-term harm. If a decision solves an immediate problem but increases climate risk over time, it may be part of a trap.

    They need to watch out for indicators such as repeated deforestation after droughts, or a shift from sustainable crops to quick-fix options such as cattle pasture. In areas heavily affected by climate change, these responses often signal a deeper cycle of short-term survival and long-term vulnerability.

    Also, listen out for resignation. Phrases like “there’s no point” and “we just survive however we can” or “there’s nothing we can do except pray for a change” may signal emotional fatigue — which points to a loss of agency and diminished belief in the usefulness of long-term action.

    When people no longer believe their efforts can make a difference, even the best technical solutions are likely to be ignored.

    Climate adaptation is about more than just providing technical solutions. In our study, producers were well aware of the pros and cons of their practices. The real barriers were emotional.

    We believe interventions need to address fear and hopelessness directly — through the use of safety nets, financial buffers and community-led support systems, as well as narratives that rebuild a sense of control and agency. Reducing hopelessness requires not just money but presence. Trusted advisors, peer learning networks and visible examples of successful adaptation can all help.

    Avoiding climate traps isn’t easy. But for climate adaptation to succeed — especially where it’s needed most — we have to stop treating emotions as a side issue. They’re central. The solutions we offer must speak to both the mind and the heart.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.


    Lucrezia Nava 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. The psychology of climate traps and how to avoid them – https://theconversation.com/the-psychology-of-climate-traps-and-how-to-avoid-them-255832

    MIL OSI – Global Reports –

    May 22, 2025
  • MIL-OSI Global: Why your electricity bill is so high and what Pennsylvania is doing about it

    Source: The Conversation – USA – By Hannah Wiseman, Professor of Law, Penn State

    Pennsylvanians can expect 10% to 20% increases in their electricity bills over the next three years. Gregory Rodriguez/iStock via Getty Images

    Americans’ electricity bills tend to tick up each year in line with inflation.

    But upgrades to electric wires, reinforcing and protecting power lines from severe weather, and changing fuel costs – among other factors – are sending rates soaring.

    High electricity consumption from data centers and other sources of rising demand will likely cause further increases in the near future.

    The impact on consumers is particularly dramatic in Pennsylvania, where rate hikes are widespread.

    For example, the monthly bill for a PECO residential customer who uses 700 kilowatt hours of electricity monthly increased 10% – or US$13.58 – in 2025. These bills will go up another $2.70 each month in 2026.

    Retail price adjustments approved by the Pennsylvania Public Utility Commission for most electric distribution utilities effective December 2024 led to higher bills for many customers across the state. In some parts of Pennsylvania, the estimated increases topped an estimated 30%.

    As professors who work in the areas of energy law and electricity markets, we know electricity costs are rising in many parts of the U.S.

    But Pennsylvania faces distinct challenges related to its electric grid – the maze of wires and generators – that drive both the growing demand for electricity and the limited supply.

    PJM and the electric grid

    Pennsylvania power plants produce a lot of electricity. In fact, the Keystone State is the the largest exporter of electricity in the U.S. and has been for many years.

    But the electricity Pennsylvania produces doesn’t always stay in state.

    That’s because Pennsylvania’s electric grid is managed by a company called PJM. PJM coordinates the flow of electricity through all or parts of 13 states and the District of Columbia, and it ensures the wholesale electricity transmission system operates reliably and safely.

    Pennsylvania electric utilities, such as PECO or Duquesne Light, then distribute this wholesale electricity to retail customers, including homeowners and renters.

    PJM requires the utilities to ensure ahead of time that they can meet their customers’ future electricity demands, including during heat waves and winter storms. This requirement is met using a market called a “capacity auction,” in which electricity suppliers bid to provide physical infrastructure that will generate electricity in the future.

    The prices at the 2025-2026 PJM capacity auction were more than 800% higher than the previous year, in part due to the growing demand for electricity within PJM. This amounts to tens of billions of dollars in extra costs.

    Power plants in Pennsylvania can’t simply stop exporting electricity and supply more in-state power because they dispatch their power into the regional grid operated by PJM, and the flow of electricity is dictated by the physical structure of this grid.

    Pennsylvania shares an electric grid with northern Virginia, considered the largest data center market in the world.
    Nathan Howard via Getty Images

    Soaring demand from data centers

    U.S. electricity demand rose 3% in 2024 and is expected to rise even more rapidly in the coming years.

    Much of this new demand comes from data centers, which support everything from AI applications and data storage – think of the thousands of emails and files backed up on our computers – to sports betting, online retailers such as Amazon, and national security applications such as the North American Aerospace Defense Command.

    Pennsylvania is on the same electric grid as Virginia, which hosts about a quarter of all data center capacity in the Americas. New data centers are also being built in Pennsylvania.

    Rising demand is also driven by the increase in electric vehicles and the replacement of gas- and oil-based furnaces with electric heat pumps. These replacements are ultimately more energy efficient but require electricity.

    Bottlenecks in supply

    The increase in electricity demand within PJM is happening at the same time that supply is shrinking.

    Many old generating plants in the PJM grid are retiring as they near the end of their useful lives and become less profitable for plant operators, particularly as natural gas and solar become more affordable. Some of these older power plants also emit a lot of pollution and are costly to retrofit to meet current pollution limits.

    Beyond the challenge of plant retirements, PJM has been slow to allow hundreds of new proposed power plants – most of them solar- and battery-based – to connect to transmission lines.

    This long “interconnection queue” prevents new, needed generation from coming online. This is happening even though companies are eager and ready to build more generation and battery storage.

    Aging infrastructure and growing weather extremes

    One of the primary recent drivers of high consumer electric bills is that the utilities have been slow to upgrade their aging wires.

    Many have recently made major investments in new infrastructure and in some cases are burying or strengthening wires to protect them from increasingly extreme weather.

    Electricity customers are footing the bill for this work.

    Increasing demand, aging power infrastructure and transmission bottlenecks lead to higher electricity rates.
    David Espejo/Moment Collection via Getty Images

    Response from policymakers

    In response to rising electricity prices, Pennsylvania Gov. Josh Shapiro filed a legal complaint with the Federal Energy Regulatory Commission against PJM in December 2024. This complaint blamed PJM’s capacity auction design for creating unnecessary costs for consumers.

    According to the settlement reached after the complaint, PJM’s price caps will be 35% lower at the next major capacity auction. This reduction in wholesale prices could limit retail price increases.

    But this is at best a temporary fix. It doesn’t address the increasing demand, aging power infrastructure battered by extreme weather, or transmission bottleneck.

    In order for Pennsylvania residents to see lower electric bills anytime soon, more changes are needed. For example, many experts previously observed that PJM needs to fix the queue and get online the many power plants that are ready to build and just waiting for a transmission interconnection.

    While PJM has reformed its queue process, the queue is still long. New power plants are not going up fast enough, in part due to additional challenges such as local opposition and supply chain and financing issues.

    Read more of our stories about Philadelphia and Pennsylvania.

    Hannah Wiseman receives or has recently received funding from the Alfred P. Sloan Foundation, Arnold Ventures, U.S. National Science Foundation, U.S. Department of Energy, Center for Rural Pennsylvania, and the Pennsylvania Department of Environmental Protection. She is a member of the Center for Progressive Reform.

    Seth Blumsack receives or has recently received funding from the Alfred P. Sloan Foundation, Heising Simons Foundation, U.S. National Science Foundation, U.S. Department of Energy, NASA, U.S. Federal Aviation Administration, Center for Rural Pennsylvania and the Pennsylvania Department of Environmental Protection.

    – ref. Why your electricity bill is so high and what Pennsylvania is doing about it – https://theconversation.com/why-your-electricity-bill-is-so-high-and-what-pennsylvania-is-doing-about-it-254562

    MIL OSI – Global Reports –

    May 22, 2025
  • MIL-OSI United Kingdom: Council leaders visit Portakabin HQ to champion local skills and apprenticeships

    Source: City of York

    The Deputy Leader of City of York Council, alongside senior council officers, recently visited the Portakabin head office in York.

    Portakabin, the market leader in the manufacture and construction of modular buildings, is one of York’s largest employers, with over 1,000 people working across its head office and manufacturing facility in the city. The company has proudly called York home for more than 60 years.

    As a globally recognised brand, Portakabin recently welcomed local leaders to its York headquarters to discuss future growth opportunities, the importance of strong public-private partnerships, and to reflect on recent successes, including a thriving apprenticeship scheme that is opening skilled career paths for young people across the region.

    The apprenticeship scheme at Portakabin offers its people development opportunities, with 98% of apprentices offered a full-time career with the company once their apprenticeship completes.

    Apprenticeships range from the required skills for modular building construction such as electrical apprenticeships, to product design, quantity surveying, finance, and marketing.

    Councillor Pete Kilbane, Deputy Leader of the Council with responsibility for Economy and Culture, said:

    I was delighted to accept the invitation from Portakabin to visit their head office and hear about the work taking place to provide skilled and well-paid jobs.

    “York is a fantastic place to do business, we have a highly skilled population, and it is a great place to live.

    “A key priority of this council is for the city to have a fair, thriving, green economy for all, which provides opportunities and well-paid jobs. Portakabin are one of many amazing businesses in York who will help us to achieve that ambition. It was particularly good to hear so much about their apprenticeship schemes and how that is turning into long-term careers for our young people.”

    Dan Ibbetson, CEO at Portakabin said:

    We were delighted to welcome Councillor Pete Kilbane to our Head Office here in York. We are proud to be a York based business, delivering exceptional spaces across the UK and Northern Europe from our home here in Huntington.

    “Our successes are testament to the people that work here, the highly skilled and motivated teams that deliver a meaningful impact both in work and the wider York community. It was a pleasure to give Councillor Kilbane and other senior leaders from the council an insight into the people, community and spaces we deliver here at Portakabin.” 

    For businesses big and small there’s lots of support available to help your business prosper and thrive through the council’s Growth Managers. For more information visit:  https://www.york.gov.uk/GrowYourBusiness or email economicgrowth@york.gov.uk.

    MIL OSI United Kingdom –

    May 22, 2025
  • MIL-OSI Russia: China and ASEAN Complete Negotiations on CAFTA Version 3.0 /Detailed Version-1/

    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 21 (Xinhua) — China and 10 ASEAN countries have fully concluded negotiations on the China-ASEAN Free Trade Area (CAFTA) 3.0, the Ministry of Commerce said Wednesday.

    The achievement was announced on Tuesday during a special online meeting of China-ASEAN economy and trade ministers.

    CAFTA 3.0 will send a strong signal in support of free trade and open cooperation, the Commerce Ministry official said, noting that it will bring greater certainty to regional and global trade and play a guiding and exemplary role for different countries in upholding the principles of openness, inclusiveness and mutually beneficial cooperation.

    Negotiations on CAFTA version 3.0, which began in November 2022, were substantially concluded in October 2024 after nine rounds of formal negotiations.

    Version 3.0 contains nine new chapters covering areas such as the digital economy, green economy and supply chain connectivity, according to the ministry.

    CAFTA 3.0 will create an inclusive, modern, comprehensive and mutually beneficial free trade agreement. The new additions will provide the parties with the opportunity to advance regional economic integration in a broader and deeper manner and effectively facilitate the deep integration of their production and supply chains in the new environment.

    Moreover, CAFTA 3.0 will provide important institutional guarantees for the construction of the China-ASEAN mega market, thereby giving a steady impetus to the building of a China-ASEAN community with a shared future and promoting the common prosperity and development of both sides, the MOC noted.

    The parties will actively advance their respective internal signature and ratification procedures with a view to formally signing the CAFTA Modernization Protocol version 3.0 by the end of this year, the department added. -0-

    MIL OSI Russia News –

    May 22, 2025
  • MIL-OSI USA: China dominates global trade of battery minerals

    Source: US Energy Information Administration

    In-brief analysis

    May 21, 2025

    Data source: United Nations Statistics Division, UN Comtrade
    Note: Excludes trade within regions.

    China has a major role at each stage of the global battery supply chain and dominates interregional trade of minerals. China imported almost 12 million short tons of raw and processed battery minerals, accounting for 44% of interregional trade, and exported almost 11 million short tons of battery materials, packs, and components, or 58% of interregional trade in 2023, according to regional UN Comtrade data.

    In this article, we consider trade of three key minerals needed for batteries—graphite, lithium, and cobalt—among China and key global regions. These minerals are mined or extracted from natural and synthetic sources, processed for battery material manufacturing, and then used to produce batteries and battery components, with robust trade at each stage. As global demand for electric vehicles, energy storage, and other energy technologies increases, the importance of these minerals and materials also increases.

    Battery mineral production and raw battery minerals trade
    Lithium is produced through brine extraction or hard rock mining, cobalt is primarily produced as a byproduct of nickel and copper mining, and graphite is mined as a natural ore or synthetically produced from pitch and coke. China domestically produced approximately 18% (33,000 short tons) of the world’s mined lithium in 2023, and Chinese companies control 25% of the world’s lithium mining capacity.

    According to the National Geospatial-Intelligence Agency’s Tearline Project, Chinese companies have significant investments in multiple mining and extraction projects in Argentina, giving China access to the lithium triangle, an area in Argentina, Bolivia, and Chile that contains 50% of the world’s lithium. Domestically, China produced 79%, or 1.27 million short tons, of the world’s natural graphite in 2024, according to the U.S. Geological Survey; the United States did not produce any natural graphite that year. Chinese companies own 80% of cobalt production in Congo-Kinshasa, where more than half of global cobalt production is located.

    After production, raw battery minerals are shipped globally to be used as feedstock for refining. China accounted for 46% of the world’s raw battery mineral import trade in 2023, according to the UN Comtrade data. Australia, the world’s largest lithium producer, sent almost all its exports to China alone. China, Australia, and the rest of Asia and Oceania (particularly India and Japan) accounted for 71% of the world’s raw battery mineral import trade in 2023.

    Battery mineral processing and processed battery minerals trade
    China processes over 90% of the world’s graphite, and in 2022, Chinese companies accounted for over two-thirds of the world’s cobalt and lithium processing capacity.

    China imported 20% of the world’s processed battery minerals in 2023, made up of mainly cobalt from Africa. That same year, China exported 58% of the world’s processed battery minerals, mainly synthetic graphite to the rest of Asia and Oceania. China began implementing export restrictions on graphite products related to electrode manufacturing in 2023, and we expect such restrictions to lead to lower graphite exports from China in 2024 and 2025.

    Battery materials manufacturing and battery materials and component trade
    Processed battery minerals are used to produce battery materials, which vary depending on a battery’s chemical composition. China accounted for 53% of the world’s battery material export trade in 2023.

    Battery materials are then used to produce battery components like electrodes, electrolytes, and separators. For example, a lithium-ion battery cell usually includes a graphite anode, lithium-based cathode, and a dissolved lithium salt electrolyte. In 2022, China produced 85% of the world’s anodes, 82% of electrolytes, 74% of separators, and 70% of cathodes.

    China accounted for 74% of the world’s battery pack and component exports in 2023. That same year, China controlled nearly 85% of the world’s battery cell production capacity by monetary value.


    Principal contributor: Gavin Clark

    MIL OSI USA News –

    May 22, 2025
  • MIL-OSI: HTX Celebrates Crypto Loans 2.0 Launch with Unprecedented Lending Benefits

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 21, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, unveiled its next-generation “Crypto Loans 2.0” product on May 19. This enhanced version brings a refined structure and superior user experience, featuring multi-asset collateral, a smart dynamic Loan-to-Value (LTV) model, instant fund access, flexible repayment options, and zero fees. To mark this significant launch, HTX has rolled out two exclusive promotions: “Borrow & Earn” #7, where users can share a massive 5,000,000,000 $HTX prize pool, and the “Millions in Rewards Plus Margin Power-up” event, which provides BTC loan interest rates as low as 0.09% and an extra 10% discount on USDT loans.

    Unlock Multiple Benefits with HTX Loan Products

    To celebrate the grand launch of Crypto Loans 2.0 and commemorate the 15th anniversary of Bitcoin Pizza Day, HTX is simultaneously launching “Borrow & Earn” #7 and an exclusive limited-time margin promotion, delivering substantial rewards to our valued users.

    “Borrow & Earn” #7 runs from May 19 at 02:00 (UTC) to June 2 at 15:59 (UTC), featuring a total prize pool of 5,000,000,000 $HTX. Users simply need to borrow USDT using the Crypto Loans Flexible product during the event to earn a share of the $HTX prize pool, based on the interest paid — the more interest paid, the greater the rewards. Rewards will be credited to winners’ Spot accounts within 7 working days after the event ends.

    Concurrently, HTX has launched an exclusive margin promotion, “Millions in Rewards Plus Margin Power-up”, active from May 20 at 10:00 (UTC) to June 2 at 10:00 (UTC). For a single USDT loan of $1,000,000 or more, users can enjoy an extra 10% interest rate discount! This brings the annual interest rate down to as low as 3.9% (or 0.01% daily). There is no limit on borrowing frequency and each qualifying loan benefits from this generous discount.

    Don’t miss the Pizza Day 15th Anniversary Bonus! During the event, the top 10 users by cumulative loan volume will share 264,000,000 $HTX (worth $500). Register via the provided link to participate. Leverage these ultra-low interest rates to maximize potential returns and aim for substantial gains.

    Optimized Borrowing Experience with Multi-Asset Collateral

    Loan efficiency and asset liquidity have always been two major user-focused concerns. As a key highlight of this upgrade, HTX’s “Crypto Loans 2.0” introduces a multi-asset collateral mechanism, supporting over 20 mainstream cryptocurrencies as collateral assets, including USDT, BTC, ETH, TRX, DOGE, XRP, SOL, and AVAX. This significantly boosts users’ asset utilization efficiency.

    To further enhance the borrowing experience, HTX has expanded its loanable assets to include SOL, TON, and USDC, with USDC also available as a collateral option. Unlike the traditional single-asset collateral model, the multi-asset collateral mechanism allows users to unlock liquidity from their holdings while effectively reducing the risk of forced liquidation due to single-asset volatility.

    Another standout feature of this upgrade is HTX’s limited-time offer: an ultra-low 0.09% annual interest rate for BTC Flexible Loans, with borrowing limits up to 100 BTC. This remarkable rate represents a 555-fold reduction from the previous annual rate of over 5.0%, making it an exceptional deal. For example, borrowing BTC equivalent to approximately 1,000,000 USDT would incur a mere 2.37 USDT in daily interest — a truly remarkable saving.

    Crypto Loans 2.0 also offers the following advantages:

    • Smart Dynamic LTV Mechanism: Interest rates adjust in real time based on market conditions, ensuring industry-leading competitiveness. Annualized interest rates for Flexible Loans include 3.9% for USDT, 2.4% for ETH, and as low as 0.09% for BTC.
    • Flexible Term Options: Supports flexible configuration for both flexible and fixed terms (7/30/45/90 days).
    • Instant Fund Access & Flexible Repayment: Borrowed funds are delivered instantly, interest accrues every hour, and users enjoy the freedom to repay at any time, ensuring optimal fund efficiency.
    • Institutional-Grade Risk Control: Supports overcollateralized loans with leverage capped under 1X and tiered liquidation to safeguard accounts. Users retain all remaining collateral assets.
    • Personalized 1-on-1 VIP Service: Delivers customized loan limits, flexible currency selections, and special discounted interest rates for SVIP users.

    Crypto Loans 2.0 is now live! Users can access it via the HTX website by clicking “Loans” > “Crypto Loans”, or through the HTX App by tapping “More” > “Crypto Loans”. Here’s how to get started:

    HTX’s Crypto Loans 2.0 leads the industry with its ability to boost capital efficiency, lower liquidation risk, provide flexible investment options, and allow multi-asset collateral. Moving forward, HTX will continue to enhance its lending products, pushing the platform’s financial services toward greater efficiency, lower barriers, and broader diversification. Try Crypto Loans 2.0 now to enjoy seamless borrowing, ultra-low interest rates, and access to massive prize pools. Make every digital asset your strategic liquidity advantage on the road to financial freedom.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

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

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/14b88ed3-a6c4-4385-a159-c4c19897c5fe

    https://www.globenewswire.com/NewsRoom/AttachmentNg/890afb12-c1fa-4228-aace-ec265f82d5c3

    The MIL Network –

    May 22, 2025
  • MIL-OSI: XBP Europe to Update Investors at the Emerging Growth Conference on May 22, 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON and SANTA MONICA, Calif., May 21, 2025 (GLOBE NEWSWIRE) — XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, is pleased to announce that it will be giving an update at the Emerging Growth Conference on May 22, 2025.

    This live, interactive online event will give shareholders and the investment community the opportunity to interact with the Company’s CEO, Andrej Jonovic, who will take questions from the audience. Please submit your questions in advance to Questions@EmergingGrowth.com, or ask your questions during the event.

    XBP Europe Holdings, Inc. will be presenting at 4:10 PM Eastern time for 12 minutes.

    Please register here to ensure you are able to attend the conference and receive any updates that are released:
    https://goto.webcasts.com/starthere.jsp?ei=1709483&tp_key=7518636947&sti=xbp 

    If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, http://www.YouTube.com/EmergingGrowthConference. The link to the presentation will be posted on our website at https://investors.xbpeurope.com/.

    About the Emerging Growth Conference
    The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.

    The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as investment advisors and analysts.

    All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

    About XBP Europe
    XBP Europe is a pan-European integrator of bills, payments and related solutions and services seeking to enable digital transformation of its more than 2,000 clients. The Company’s name – ‘XBP’ stands for ‘exchange for bills and payments’ and reflects the Company’s strategy to connect buyers and suppliers, across industries, including banking, healthcare, insurance, utilities and the public sector, to optimize clients’ bills and payments and related digitization processes. The Company provides business process management solutions with proprietary software suites and deep domain expertise, serving as a technology and services partner for its clients. Its cloud-based structure enables it to deploy its solutions across the European market, along with the Middle East and Africa. The physical footprint of XBP Europe spans 15 countries and approximately 30 locations and a team of approximately 1,500 individuals. XBP Europe believes its business ultimately advances digital transformation, improves market wide liquidity by expediting payments, and encourages sustainable business practices. For more information, please visit: www.xbpeurope.com.

    Forward-Looking Statements
    Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “outlook” or other similar words, phrases or expressions. These forward-looking statements include statements regarding future events, estimated or anticipated future results and benefits, future opportunities for XBP Europe Holdings, Inc. (together with its subsidiaries, the “Company”) and its industry, and other statements that are not historical facts. These statements reflect the current expectations of Company management and are not guarantees of actual performance. Actual results may differ materially due to a number of risks and uncertainties, including without limitation: (1) legal proceedings against the Company or others; (2) the Company’s inability to meet the continued listing standards of Nasdaq or another securities exchange; (3) disruptions from the proposed acquisition of Exela Technologies BPA, LLC (“BPA”) and related bankruptcy proceedings of BPA and certain of its subsidiaries’; (4) failure to realize benefits from the November 2023 business combination with CF Acquisition Corp. VIII; (5) acquisition-related costs; (6) changes in laws or regulations; (7) adverse effects from economic, business, or competitive factors; (8) market volatility due to geopolitical and economic factors; (9) challenges in achieving profitability, retaining clients, managing growth, or recruiting and retaining personnel; and (10) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Annual Report on Form 10-K filed on March 19, 2025, as amended, and subsequent filings with the Securities and Exchange Commission (the “SEC”). In addition, forward-looking statements represent the Company’s expectations, plans or forecasts as of the date of this communication. Subsequent events may alter these assessments, and they should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this release.

    For more XBP Europe news, commentary, and industry perspectives, visit: https://www.xbpeurope.com/
    And please follow us on social:
    X: https://X.com/XBPEurope
    Facebook: https://www.facebook.com/XBPEurope/
    Instagram: https://www.instagram.com/xbp_europe/
    LinkedIn: https://www.linkedin.com/company/xbp-europe/

    The information posted on XBP Europe’s website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in XBP Europe should monitor XBP Europe’s website and its social media accounts in addition to XBP Europe’s press releases, SEC filings and public conference calls and webcasts.

    Source: XBP Europe Holdings, Inc.

    The MIL Network –

    May 22, 2025
  • MIL-OSI United Kingdom: UK stands ready to send more aid to Gaza as Minister pledges further support

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK stands ready to send more aid to Gaza as Minister pledges further support

    Minister for Development announces new UK support for Gaza on first visit in her role to Israel and the Occupied Palestinian Territories

    • extra UK aid announced today will support organisations on the ground seeking to get food, water and medicine to those who need it
    • Minister Chapman will call Israel’s decision to allow just a basic amount of food into Gaza ‘abominable’ after an ‘indefensible’ 11-week blockade.
    • on her first visit to Israel and the Occupied Palestinian Territories in her role, the Minister also emphasises the need to release all Israeli hostages held by Hamas and works towards a two-state solution

    Vulnerable Gazans must urgently be given full access to aid, UK Minister for Development, Jenny Chapman said today [Wednesday 21 May] on her first visit to Israel and the Occupied Palestinian Territories in her role. 

    Following the Government’s calls, together with partners, for restrictions on aid access to be lifted, the UK has announced £4m of new UK humanitarian support for Gazans as the Minister reaffirms the UK’s commitment to driving peace in the region.

    The visit comes the day after Foreign Secretary David Lammy announced new sanctions hitting violent West Bank settlers, paused free trade agreement negotiations with Israel and called the Government of Israel’s actions ‘egregious’ and ‘intolerable’. 

    On her visit the Development Minister will say the limited restart of aid deliveries into Gaza is ‘simply not enough’ and she will urge the Israeli government to allow the unhindered provision of aid. She will say the blockade has been appalling and indefensible, particularly following an IPC report noting the entire population of Gaza is experiencing high levels of acute food insecurity.

    The Minister will announce new UK support during a visit to a Red Crescent centre, highlighting that the UK stands ready to provide the urgent aid to those who desperately need it, while expressing frustration much of it cannot yet reach them.

    Backing up words with action, the new UK support would cover essential medicines and medical supplies for up to 32,000 people, safe drinking water for up to 60,000 people, and food parcels for up to 14,000 people.

    Minister for Development, Jenny Chapman said:

    The lack of aid reaching ordinary Gazans is appalling. The Israeli government’s failure to allow full humanitarian access to aid workers is abhorrent. Far too few trucks are crossing into Gaza. The UN has warned nearly half a million Palestinians, including children, are facing starvation.

    The UK is clear – Israel will not achieve security through prolonging the suffering of the Palestinian people.

    I have heard first hand from aid workers today of the abominable impact of this behaviour on real families. The UK has today pledged new support for Gazans but the brutal reality is most of it is stuck in limbo.

    We need to see an immediate ceasefire, the release of all hostages, a surge of aid, and a path towards long-term peace.

    During the first day of her visit (Wednesday, May 21), Minister Chapman has met with Palestinian Justice Minister Sharhabeel al-Zaeem, and talked to UNRWA representatives on resolving the challenges in getting aid to Palestinian communities.

    Tomorrow, she is due to meet the families of hostages cruelly held by Hamas, where she will highlight the importance of an immediate ceasefire and a negotiated end to the conflict which secures their urgent release. This is the only way to deliver long-term stability in the region, and at home, as part of the Government’s Plan for Change.

    Background

    • The £4 million contribution announced today will be made to the British Red Cross to deliver humanitarian relief in Gaza through their partner the Palestinian Red Crescent Society. This support has been allocated from the £101 million set aside for the Occupied Palestinian Territories (OPTs) in financial year 2025-26, announced during the official visit of Palestinian Prime Minister Mohammed Mustafa to the UK.
    • UK support to the OPTs since October 7, 2023, has so far provided 405,000 patient consultations across Gaza, food aid to at least 647,000 people, and improved water, sanitation and hygiene services to almost 300,000 people. 
    • Photos from the visit will be available on FCDO Flickr
    • See here for the Foreign Secretary’s statement announcing sanctions on West Bank violence network and the pause on negotiations for a free trade agreement.
    • See here for joint statement from the leaders of the UK, France and Canada on the situation in Gaza and the West Bank delivered on 19/05/2025.
    • See here for joint statement from UK and 26 other humanitarian partners delivered on 19/05/2025.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

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    Updates to this page

    Published 21 May 2025

    MIL OSI United Kingdom –

    May 22, 2025
  • MIL-OSI Russia: Sobyanin opened the Yuzhnoye electric depot of the Zamoskvoretskaya metro line

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Sergei Sobyanin opened a new electric depot “Yuzhnoye” of the Zamoskvoretskaya line. Its commissioning became the final stage of the formation of the largest in Russia and one of the largest in Europe complexes for the repair, maintenance and operation of metro cars.

    On behalf of the President of the Russian Federation Vladimir Putin, Moscow Mayor Sergei Sobyanin presented the Moscow Metro with the Order “For Valiant Labor”, which recognized the great merits of the metro workforce in strengthening and developing the capital’s transport complex. The award was timed to coincide with the 90th anniversary of the metro.

    In addition, 10 new “Moscow-2024” trains ceremoniously entered the Zamoskvoretskaya line. Together with metro employees and invited guests, Sergei Sobyanin rode on the lead train from the depot to the Krasnogvardeyskaya station.

    “This year, the Moscow Metro turns 90. It is a respectable age, but the Moscow Metro demonstrates a very young, energetic life, developing, adding new lines, new stations, first-class trains, electric depots, developing in a way that probably no other metro in the world is developing. Today, a new electric depot “Yuzhnoye” is being opened, the largest and most modern in Russia. The Zamoskvoretskaya line of the metro is being replenished with 10 new trains, the most modern. This year, in honor of the metro’s anniversary, in honor of its merits, the President of the Russian Federation signed a decree on awarding the Moscow Metro team with the Order for Labor Valor. This is a well-deserved award. The Moscow Metro is the most intensive in the world, the most accurate, the most reliable, the safest, the cleanest and the most beautiful. And the most beloved by Muscovite passengers,” said Sergei Sobyanin.

    The Mayor of Moscow congratulated the entire staff of the capital’s metro, metro builders and everyone who is related to the metro on the award and anniversary.

    The head of the Moscow Metro, Viktor Kozlovsky, in turn, thanked the President of Russia for the award and Sergei Sobyanin for his assistance and constant participation in the development of the metro.

    “I would like to say a huge thank you to the President of our country, Vladimir Vladimirovich Putin, for the high assessment of our work, our many thousands of people, and personally to you, Sergey Semenovich, for your constant participation, for the development of the Moscow Metro. For the work that you do. The Moscow Metro is ready to continue to fulfill any tasks at a high level,” said Viktor Kozlovsky.

    Thanks to the unprecedented construction of new lines and stations, more than 90 percent of Muscovites now live in the service area of the rail frame stations. For comparison: in 2010, this figure was 70 percent. On weekdays, the metro carries more than 8.2 million passengers. The Moscow metro has become a world leader in important indicators. Thus, the accuracy of the schedule is 99.9 percent, the traffic intensity reaches 90-second intervals during rush hours on the most popular lines, a variety of payment methods and customer services are available, which leads to a high level of passenger loyalty.

    Development of the capital’s metro

    In 2010, city residents built most of the routes through the center. As a result, transfer stations here were overloaded almost all day long, and at peak times, passengers managed to get on far from the first train.

    Thanks to the development of the Moscow Metro infrastructure – the opening of new stations and the renewal of rolling stock – every year the trips become faster and more comfortable, many additional transfers and route options appear, the carriages become noticeably freer even during rush hours. There are no more overloaded sections in the metro.

    The first stage of the Moscow metro opened on May 15, 1935. It included 11.2 kilometers of lines and 13 stations – from Sokolniki to Park Kultury with a branch to Smolenskaya. Shortly before that, on November 10, 1934, the Severnoye electric depot began operating.

    Today, together with the Moscow Central Circle (MCC), the metro has 302 stations (271 metro stations and 31 MCC stations), as well as 23 electric depots, including the Brateevo car repair complex.

    Since 2011, 123 stations have been built and reconstructed in Moscow — their total number has increased by almost 1.7 times. New lines have started operating: Nekrasovskaya, Solntsevskaya and Troitskaya. Sokolnicheskaya, Lyublinsko-Dmitrovskaya, Zamoskvoretskaya and a number of other metro lines have been extended. Two new rings (MCC and Big Circle Line) provide convenient transfers and transit along routes without entering the center. In Soviet times, it took almost 40 years to build a network of such a scale.

    More than 130 kilometers of the capital’s metro tunnels were laid in five yearsSergei Sobyanin opened full service on the Troitskaya metro line

    The Moscow Metro employs over 65,000 workers (almost a third of whom are women), with an average age of 43. The company is represented by more than 200 professions and specialties. The metro workforce includes more than 100 dynasties with a total work experience of over 15 thousand years.

    In recent years, the city has been paying special attention to the renewal of its rolling stock. Moscow is the leader among European and American megacities in terms of the rate of renewal of its metro cars. Today, the Moscow Metro fleet has over 6.7 thousand cars of various models, with over 77 percent of them being of the current generation. Since 2010, the average age of metro cars has decreased almost twofold — from 20 to 12 years. By the end of 2025, another 272 Moscow-2024 cars are to be added to the fleet, and in 2030, the share of new trains will be about 90 percent, meaning that modern trains will serve passengers on all metro lines. In addition, the share of domestic components in Moscow-2024 trains has reached almost 95 percent.

    Trains created according to the technical specifications of the Moscow Metro are a standard for the metros of other cities and countries. In addition to the capital of Russia, trains based on the Moscow train are supplied to the metros of four cities – Kazan (Russia), Baku (Azerbaijan), Tashkent (Uzbekistan) and Minsk (Belarus).

    Most trains in the Moscow metro are serviced under a life cycle contract. These are the Oka, Moskva, Moskva-2020 and Moskva-2024 type trains. The manufacturer’s service company is responsible for timely and high-quality maintenance, train diagnostics, washing and daily cleaning, as well as the readiness of the trains to go on the line.

    Electric depot as part of the metro

    In addition to performing their main function – parking, scheduled maintenance and washing of rolling stock, electric depots are the basic enterprises of the Moscow Metro for the repair of electric trains and auxiliary production, and also serve to accommodate personnel and equipment of various services. In fact, the electric depot is the technological heart of the metro.

    Without the construction of new electric depots, the development of the metro is impossible; they are as important a part of the infrastructure as stations and tunnels.

    Since 2011, 13 electric depots have been built and reconstructed as part of the Moscow Metro development program. Thus, eight new ones appeared: Aminyevskoye, Brateevo, Likhobory, Mitino, Nizhegorodskoye, Rudnevo, Solntsevo and Yuzhnoye (Brateevo-2). They service trains on six lines, are equipped with all the necessary equipment and are ready for technical maintenance, periodic and unscheduled repairs of cars. Another five electric depots have been reconstructed. These are Vladykino, Vykhino, Pechatniki, Planernoye and Sokol.

    This year, the city plans to complete construction of the Stolbovo (Salaryevo) depot on the Sokolnicheskaya Line. Three more depots are to appear by 2030: Ilyinskoye for the Rublevo-Arkhangelskaya Line, Biryulevskoye for the Biryulevskaya Line, and Troitskoye for the Troitskaya Line.

    Sergei Sobyanin: The first metro train arrived at the Stolbovo electric depot under constructionWhere trains spend the night: how metro cars are serviced and repaired at the Krasnaya Presnya depot

    Electric depot “Yuzhnoye”

    The Yuzhnoye electric depot is the largest in Russia and one of the largest complexes in Europe for the repair, maintenance and operation of wagons.

    The Zamoskvoretskaya Line is one of the longest and most popular in the Moscow metro. From 24 stations on the green line, you can make 19 transfers to other metro lines, the Moscow Central Circle (MCC) and the Moscow Central Diameters (MCD). More than 880 thousand trips are made on the line every day. At the most popular times, trains run at intervals of 1.6 minutes.

    The last 10 years have been a time of dynamic development of the Zamoskvoretskaya line. From 2015 to 2018, new stations “Tekhnopark”, “Khovrino” and “Belomorskaya” were opened, which improved transport accessibility of five districts of the capital: Khovrino, Levoberezhny, Zapadnoye Degunino, Nagatinsky Zaton and Danilovsky.

    In 2023, new tunnels were built in record time on the Kantemirovskaya-Tsaritsyno section. Last year, the first Moskva-2024 train entered service on the Zamoskvoretskaya Line, which marked the beginning of the rolling stock renewal process.

    Passengers on the Zamoskvoretskaya Line are transported by 78 trains (624 cars), including 30 trains (240 cars) “Moscow-2024”. On May 21, 2025, another 10 of these most modern trains in the world entered service. Thus, more than 50 percent of the rolling stock on the Zamoskvoretskaya Line has been updated. The process on the green line is planned to be completed in 2025-2026. Both modern Russian “Moscow-2024” trains and the newest “Moscow-2026” trains will run on it. More than 1.8 million residents of 21 districts through which the Zamoskvoretskaya Line passes will receive new and modern rolling stock – their trips will become much more comfortable.

    Until 2021, the trains of the Zamoskvoretskaya line were serviced by the Sokol (since 1938), Zamoskvoretskoye (since 1969) and Brateevo (since 2014) electric depots.

    However, in 2021, the Zamoskvoretskoye depot was transferred to service the rolling stock of the Big Circle Line of the metro, and now it fully serves the needs of the BCL, and also temporarily accepts trains of the Troitskaya Line.

    To replace the decommissioned capacities in the south of Moscow, a new electric depot, Yuzhnoye (Brateevo-2), was built next to the existing depot. As a result, the largest in Russia and one of the largest in Europe infrastructure complexes for the maintenance, repair and operation of metro cars was formed.

    “Together with the wagon repair plant, the Yuzhnoye electric depot has surpassed the previous record holder, the Mitino depot, in terms of scale. 46 buildings and structures have been built in Yuzhnoye, and the most modern and technologically advanced equipment has been installed: servicing of trains on the Zamoskvoretskaya line will be fast and high-quality. At the same time, the neighboring wagon repair plant will focus on major and medium repairs of wagons from all over the metro,” Sergei Sobyanin wrote in his

    telegram channel.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    In the new Yuzhnoye depot, on a site of 13.6 hectares, buildings and structures with a total area of 77.3 thousand square meters were constructed, including a storage and repair building, a motor depot and an electrical centralization post, a compressor station, a warehouse, an administrative and household building and other structures – a total of 46 buildings for various purposes.

    The total length of the tracks at the Yuzhnoye depot is about 6.2 kilometers, which can be compared with the section between the Krylatskoye and Strogino stations, the longest in the Moscow Metro.

    After reaching its design capacity, the enterprise will create approximately 1.3 thousand jobs.

    Along with the modern carriages, a service company from the manufacturer arrived at the Yuzhnoye depot, which will service the new rolling stock (trains Moscow-2024 and Moscow-2026) under a life cycle contract for 30 years of operation.

    The staff was provided with the most favorable conditions for efficient work and good rest.

    The administrative building has a canteen for 160 people. The locomotive crews’ rest rooms are organized like hotel rooms, and the blocks are equipped with bathrooms. Separate comfortable rooms are provided for female drivers.

    There are currently 130 female drivers and assistant drivers working in the Moscow Metro. In addition, about 50 women are undergoing training in the profession. It is planned that female drivers will soon begin working on the Zamoskvoretskaya Line.

    The medical service includes pre-trip examination rooms, a doctor, a medical psychologist, a treatment room, a vaccination room, and a recovery room.

    There are also a sports hall and a gym with a physical education instructor’s office, an assembly hall and utility rooms (laundry, ironing, storage rooms for special clothing).

    After the commissioning of the Yuzhnoye depot, it took over the functions of servicing the Zamoskvoretskaya line, including the new Moscow-2024 series trains, which began carrying passengers in March 2024.

    At the same time, the Brateevo depot will become the main car repair complex of the Moscow Metro. Its capacity allows repairing the rolling stock of the Zamoskvoretskaya line, as well as carrying out technically complex repairs of cars of the Nomernoy and Rusich types from other metro lines. In total, up to 850 cars, 8.5 thousand wheels and more than 6.4 thousand engines per year – a record for similar facilities in Russia.

    The wagon repair complex will not only be the largest, but also the most modern, with a high level of automation – a conveyor for moving wheel pairs, electric bogies, and CNC machines.

    In terms of its scale, the new infrastructure complex, consisting of the Yuzhnoye depot and a wagon repair plant, has surpassed the previous record holder, the Mitino electric depot, which until now was the largest in Russia in terms of capacity. The total area of the complex is 32.2 hectares. The capacity of the complex allows servicing up to 2.4 thousand wagons per year.

    Main characteristics of the new infrastructure complex

    Depot “Yuzhnoye”:

    — capacity — 34 seats for trains;

    — night storage — 25 places;

    — washing — 12 compositions per day;

    — operational maintenance — 30 trains per day;

    — technical maintenance — four trains per day;

    — turning of wheel pairs — three cars per day;

    — current repairs — three trains per month;

    — jobs — about 1.3 thousand;

    — the total length of the tracks is 6.2 kilometers.

    Wagon repair complex “Brateevo”:

    — capacity — 11 seats for trains;

    — the total length of the tracks is 7.1 kilometers;

    — major repairs — 300 cars per year;

    — average repairs — 550 cars per year;

    — repair of traction electric motors — 6.4 thousand units per year;

    — wheel sets — 8.5 thousand pieces per year;

    — motor-compressors — two thousand pieces per year.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/mayor/tkhemes/12781050/

    MIL OSI Russia News –

    May 22, 2025
  • MIL-OSI Economics: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District – Extension of Period

    Source: Reserve Bank of India

    The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District vide Directive BLR.DOS.SSMS.No.S2174/12-08-295/2022-23 dated February 23, 2023, for a period of six months up to August 24, 2023, as modified from time to time, which were last extended up to close of business on May 24, 2025 vide Directive DOR.MON/D-73/12.23.292/2024-25 dated November 21, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond May 24, 2025.

    2. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of six months from the close of business on May 24, 2025, to close of business on November 24, 2025, subject to review.

    3. All other terms and conditions of the Directive under reference shall remain unchanged.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/383

    MIL OSI Economics –

    May 22, 2025
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