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  • MIL-OSI: Bajaj Finserv Asset Management Announces Guide: “SIP Planning for Unpredictable Incomes – A Path to Consistent Investing”

    Source: GlobeNewswire (MIL-OSI)

    PUNE, India, May 19, 2025 (GLOBE NEWSWIRE) — If you’re a freelancer, artist, consultant, or someone who doesn’t get a fixed salary every month, managing your money can feel tricky. One month might be great, and the next one might be slow. But even with this kind of income, you can still invest and grow your money steadily. That’s where SIPs, or Systematic Investment Plans, come in.

    In this guide, we’ll walk you through how to plan SIPs even if your income goes up and down. The idea is to stay consistent with your investments, even if the amount you invest varies from time to time.

    What is an SIP?

    A SIP (Systematic Investment Plan) is a way to invest regularly in mutual funds. Instead of putting in a large amount all at once, you invest small amounts at regular intervals, usually monthly. It helps you stay disciplined and grow your money over time without needing a big sum to start.

    Why SIPs make sense for irregular income earners

    Even if your income is not stable, SIPs can still work for you. Here’s why:

    • You can start small: SIPs don’t require big investments. You can start with as little as ₹500 a month in general.
    • You can pause and resume: Most mutual fund SIPs allow you to pause your investments if needed and start again when your cash flow improves.
    • You can increase the amount later: Once you start earning more, you can step up your SIP amount easily.
    • It brings financial discipline: When you commit to investing regularly, you slowly build a habit of saving and planning ahead.

    How to plan SIPs with an unpredictable income

    Here are some simple and practical tips to help you set up and maintain a SIP, even when your income isn’t fixed.

    1.   Start with a small amount

    Don’t wait until your income becomes stable to start investing. Begin with what you can afford – even ₹500 or ₹1000 a month. The goal is to build the habit first.

    2.   Use flexible SIP options

    Some mutual funds for SIP offer features like flexi SIP, where you can change the amount you invest based on your monthly income. This gives you more control during months when you earn less.

    3.   Save during high-income months

    When you have a good month, try to save more. You can either invest extra through a lumpsum or adjust your next few SIP amounts. This balances out the low-income periods.

    4.   Keep an emergency fund

    Always have 3 to 6 months’ worth of expenses in a savings account or liquid fund. This will keep your SIPs going even when your income dips, and it prevents you from stopping your investments during tough times.

    5.   Choose a suitable mutual fund

    Go for funds that match your risk level. For example, equity mutual funds ,may offer long-term growth, but they can be volatile. If you want lower risk, consider hybrid funds that mix equity and debt.

    6.   Using tools to plan better

    When your income is not regular, it’s important to plan ahead. Online tools like an SIP calculator can help you understand how your money will grow over time based on how much and how often you invest.

    On the other hand, if you ever need to start withdrawing a fixed amount each month from your mutual fund, you can use an SWP mutual fund calculator to see how long your money will last. SWP stands for Systematic Withdrawal Plan. It’s like the reverse of a SIP and useful when you need a steady income from your investments later in life.

    Track and adjust as needed

    It’s okay if you miss an SIP or need to change the amount. What matters is that you keep checking in on your progress. Once a quarter, look at your investments, see how they are doing, and decide if you want to increase or decrease the amount.

    The key is consistency, not perfection.

    Common mistakes to avoid

    Stopping SIPs after one bad month: It’s okay to skip, but don’t give up completely. Resume when you can.

    • Not tracking spending: Unpredictable income needs better budgeting. Know where your money goes.
    • Investing without a goal: Whether it’s buying a laptop, saving for rent, or building a safety net, have a goal in mind.

    Conclusion

    SIP planning is not just for people with fixed incomes. Even if your earnings go up and down, you can still invest regularly and build wealth over time. The trick is to start small, be flexible, and stay consistent.

    By choosing a suitable mutual funds for SIP, saving more during high-income months, and using tools like a SIP or SWP mutual fund calculator, you can take control of your finances – no matter how unpredictable your income is.

    So don’t wait for the ‘perfect time’ or a fixed paycheck. Start your SIP journey today, one step at a time.

    Contact Info: 18003093900

    Name: Gaurav Parmar

    Email: gaurav.parmar@bajajamc.com

    Organization: Bajaj Finserv Asset Management

    Disclaimer: This press release is provided by the Bajaj Finserv Asset Management. 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.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.

    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 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.

    The MIL Network –

  • MIL-OSI Economics: Sara McQuillan talks about International Women in Maritime day

    Source: International Marine Contractors Association – IMCA

    Headline: Sara McQuillan talks about International Women in Maritime day

    May 18 marks the International Maritime Organization’s (IMO) annual International Women in Maritime day, and in honour of it, we asked one of the members of our team to speak to us about her experiences of working offshore, and how her gender might have impacted her compared to her male colleagues.

    Q: Hi Sara, thank you for agreeing to speak to us, could you describe your journey into hydrographic surveying and what drew you to work at sea in this specialised field?

    A: I studied Geography at university and became interested in geospatial information systems which led me to pursue a hydrographic survey course. This opened the door for me to join an offshore construction company as a graduate hydrographic surveyor. Despite not knowing much about the offshore industry, I enjoyed the discipline and thought I would give it a go. Little did I know, it would become something I am so passionate about! Fifteen years later, I’m still working with fantastic hydrographic survey professionals developing technical guidance to support other survey professionals and supporting programs to ensure safety and quality offshore.

    Q: What did a typical day look like for you onboard, and what were some of the most memorable or challenging projects you’ve worked on?

    A: At the start of a job, during mobilisation, the surveyor has a lot of work to do – installation of sensors, calibrations, verifications, setting up the navigation software, liaising with the relevant teams for the job (ROV/Dive/Marine/OM) to ensure the team was prepared. After a couple of years offshore, my preferred shift was midnight to noon and although this meant I was usually the only surveyor on shift and there was minimal onshore support available, it was quieter and I enjoyed the responsibility. 

    I would be responsible for ensuring all the survey sensors were operating as required, and to the accuracy expected. That all necessary data was provided in real time to the required teams on board, logged and reported. I was primarily based on construction vessels, so my day to day would involve positioning support for subsea installations.

    In 2013 I took part in the Guara-Lula project offshore of Brazil which was the development of a field in the Santos pre-salt basin. This project was a completely different kettle of fish for the survey team on this vessel after years in the UK, the North Sea and Norway. The operations involved were in 2km of water depth and therefore required the use of a wide suite of sensors to obtain accurate subsea positioning in deep water. This required the installation and maintenance of two very large (18 transponder) subsea positioning arrays along with high grade ROV based sensors for the installation operations. This was a very busy project working in a small survey team of five. It was the best project I worked on as it was the time I learned the most. It was incredibly busy and I wouldn’t have wanted it any other way!

    Q: How has your experience been as a woman working in the maritime sector, particularly in the often male-dominated environment of offshore surveying?

    A: I am fortunate to have discovered a field I am passionate about. Hydrographic Survey, as a scientific discipline, draws academics who are dedicated and focused on their work. However, the general offshore environment when I began in 2010, was challenging  and I was often singled out for my gender. On a vessel of around 120 people, there would have been around five women on board. Sexism and misogyny was always present  but not acknowledged, addressed or prevented. Thankfully, towards the end of my offshore career, things started to change. More women were present and that alone changed the dynamic away from being solely a male world. In my offshore space, attitudes were shifting towards an environment where gender wasn’t noted. However,  there was, and still is, a way to go but I was glad to see it moving.

    Q: Have you noticed any shifts in how women are perceived or supported in maritime careers since you began, and what further changes would you like to see?

    A: In 2025 I am happy to see there are more opportunities for women in the Maritime sector and a move towards a more gender balanced workforce. In my opinion this is down to some of the incredible professionals across the world who forged through male-dominated environments and changed perceptions, not just by those currently in the space, but also by those looking to enter it.

    In general, the maritime industry seems to be prioritising diversity by focusing on attracting women to careers in the sector. Initiatives run by organisations like the Women’s International Shipping & Trading Association (WISTA) and the IMO promote inclusive policies, recruitment, and education for women. Simply changing the gender balance should open doors and careers for those who may not have considered it previously, changing these spaces for everyone, but particularly women.

    Q: What advice would you offer to young women considering a career in hydrographic surveying or maritime more broadly?

    A: If you enjoy a subject, go for it. If you are apprehensive of entering a male dominated place because of your gender, just get in, take up space, work hard, earn respect, make it your space. Don’t allow your gender to define what you can do.

    As for Hydrographic Survey and Hydrography in general, it is full of women. Fantastic academics and practical professionals, working across many different industries, developing new technologies and working within a real-world environment. It’s a fantastic discipline to enter with endless possibilities for careers supporting things like mapping the unknown parts of the ocean, Global Positioning Systems, climate change and environmental sustainability (among others) whilst using and developing state-of-the-art technology. It’s an exciting place to be, come join us.

    MIL OSI Economics –

  • MIL-OSI Economics: [Interview] A Premium Camera Experience That Anyone Can Enjoy: Behind the Scenes of Developing the Galaxy S25 Series Camera

    Source: Samsung

    DSLR cameras, once a common sight at tourist destinations just a few years ago, are now rarely seen. That’s because the entire process of creating the perfect shot — from capturing the moment to editing the result — can now be easily done with a smartphone in the palm of the user’s hand.
     
    Samsung Electronics has led the evolution of the Galaxy camera under three development principles:
     
    Delivering the best picture quality for anyone, anywhere, anytime
    Offering features that satisfy even professional users
    Providing the ability to create content with easy and simple editing
     
    The Galaxy S25 series is the culmination of these innovations, delivering a camera experience that pushes the limits of smartphones with high-pixel sensors, high-performance APs and powerful AI models.
     
    So how did the Galaxy S25 series’ revolutionary camera experience come together? Samsung Newsroom sat down with camera developers from the Visual Solution Team of the MX Business at Samsung to hear the story directly from them.
     
    ▲ (From left) Jihye Kim, Pyojae Kim, Yunju Bae and Wonchul Choi from the MX Business’ Visual Solution Team
     
     
    From Landscapes to Portraits, Every Moment Is Crystal Clear
    The Galaxy S25 Ultra is equipped with a 50MP ultra-wide-angle camera, the first in the Galaxy series. “This means that photos with a wide angle of view can be taken with greater clarity and detail,” said Wonchul Choi, who led the development of camera quality. “We optimized not only hardware upgrades such as high-pixel sensors and lenses, but also software technology by building a system that enables AI models to operate organically,” Choi explained. As a tip for getting the most out of the feature, he added, “The ultra-wide-angle camera is ideal for capturing vast landscapes, but it can also be used for close-up shots to create a unique sense of depth.”
     
    ▲ Wonchul Choi
     
    The ProVisual Engine, which uses AI-powered technology to enhance the camera experience, has also evolved. “We analyzed a full range of skin tones and preferences, and worked to use AI technology to present options for a broader variety of users. For better results, developers of various age groups took portraits themselves in different environments,” said Choi, explaining the improved portrait experience compared to previous models. “AI recognition and processing technologies analyze elements such as the person, clothing and background in the photo and optimizes each area to bring out the finer details, such as hair texture and even the subject’s pupils.”
     
    The Nightography feature for shooting in low-light conditions has been improved as well. “For the Galaxy S25 series’ Nightography, we focused a lot on video shooting,” said Choi. “We applied 10-bit HDR video as the default for videos to achieve more realistic and richer picture quality, and applied a solution that separates the subject from the background and analyzes movement to remove noise with precision,” he said.
     
     
    Shooting and Editing With DSLR Quality Like a Pro
    Is it possible to get DSLR-quality results with a smartphone camera? The new Virtual Aperture feature in the Expert RAW app does by creating depths of field and aperture effects similar to those of a DSLR camera, delivering high-quality results that look like they were shot by a professional.
     
    “We applied an interface that recreates the effect of changing the aperture of a lens on a DSLR camera, allowing users to flexibly select deep or shallow depths of field,” said Pyojae Kim, who led the development of the Virtual Aperture feature, before proudly adding that the AI-powered innovation overcomes the physical limitations of smartphones.
     
    ▲ Pyojae Kim
     
    Achieving the depths of field and bokeh effects unique to DSLR cameras was no easy task. The training image database was built using more than 200,000 photos taken simultaneously with both Galaxy and DSLR cameras. “We had to manually control both the focus and exposure of the DSLR camera, and there were some nerve-wracking moments of having to dispose of our hard work because the photos were out of focus or taken with the wrong exposure,” said Kim. “We learned how difficult of a task it is to obtain data.”
     
    While photos have a DSLR-like quality, videos can now be filmed in Log Video mode, a feature normally found in digital cameras that professionals use. Log video is a recording format that makes it easier to color-correct in post-production and create high-quality videos. To make log videos accessible to the average user, the Galaxy S25 series also comes with the Color Correction feature, which allows users to easily correct their video footage in the Gallery app with the click of a button.
     
     
    Fun and Easy AI Editing With Just a Few Taps
    First introduced in the Galaxy S24 series, Generative Edit has evolved by leaps and bounds in the Galaxy S25 series. “We focused on enhancing the fun and useful features that only generative AI can deliver,” said Jihye Kim. “We’ve improved the AI models so that they can now accurately recognize areas of the photo with only a simple touch and seamlessly erase those areas or add onto them. We also made improvements to each of the component technologies involved in generative editing.”
     
    ▲ Jihye Kim
     
    The AI models used for Generative Edit and other generative AI features were developed through continuous collaboration with Google. “My team members and I took turns traveling to Google’s San Francisco Campus for a month at a time,” Jihye Kim said. “I remember staying up late at night, sharing ideas with the developers to improve the model.”
     
    The nature of generative AI, which produces different results each time, often posed challenges during development. “We constantly mulled over how to quantitatively evaluate the results in a situation where they change every time. We also had to anticipate a wide range of edge cases to prevent the AI from producing inappropriate images,” she explained.
     
    New to the Galaxy S25 series and the Galaxy lineup as a whole is the Best Face feature. This feature selects the best facial expressions of up to five people from multiple Motion Photos and composites them into a single picture-perfect group shot. “The Best Face feature can not only change a closed-eyed face to an open-eyed face, but can also turn a face from looking to the side to looking straight ahead,” Kim said. “My mom kept closing her eyes every time we took family photos, so we often had to retake them several times. It’s very useful in that kind of situation,” she added with a laugh.
     
     
    An Unrivaled AI Filter Experience That Captures the User’s Unique Vibe
    With Filters, the Galaxy S25 series also offers a variety of filters that intuitively capture each user’s unique aesthetic.
     
    “We have enhanced the AI-powered feature to make it easier for anyone to capture the color or mood of their favorite photos while also improving the overall user experience to make it more user-friendly,” said Yunju Bae, who led the development of Filters. “We went through detailed tuning and repeated evaluations to balance technology and aesthetics to perfect filter quality.”
     
    ▲ Yunju Bae
     
    Filters let users choose a photo they like and utilize AI to analyze the color and style of the photo to produce a personalized filter. “I often look at a photo and think, ‘I want to take a photo with this kind of vibe,’ so I wanted to make it easy to recreate the style I like without going through complicated editing,” Bae said as she explained the background behind the feature’s development.
     
    Filters’ new film-style filters naturally capture the aesthetic unique to analog film. “The look and feel of analog film is a subjective area, so we went through a lot of trial and error to quantify it for digital reproduction,” Bae said. “We analyzed a lot of actual film, and through constant experiments and adjustments, we made meaningful progress in numerical representation to adequately reproduce the aesthetic of analog film,” she said. Bae also expressed her gratitude for the various experiments and analyses done in collaboration with Samsung Research, which played an integral role in enhancing the technical reliability of Filters.
     
     
    The Future of the Galaxy Camera Visual Experience
    The Galaxy S25 series has set a new standard for mobile cameras — but the Visual Solution Team is just getting started. The developers are already working on even bigger innovations to shape the future of smartphone imaging.
     
    Asked about the team’s plans and ambitions for the future, Wonchul Choi replied, “Our goal is to further strengthen the camera’s picture quality fundamentals, all while maximizing convenience and accessibility so that it can perform at its best no matter where or when it’s used.”
     
    “We plan to analyze the market’s response to Virtual Aperture and incorporate it into Portrait mode. By continuing to expand the features, we’ll ensure that the photo quality of the best DSLR cameras out there can be fully experienced on mobile devices,” added Pyojae Kim.
     
    “We’ve put forth our best effort to continuously improve quality and introduce new generative AI features to users, but there’s always room to do better We’ll make these features more accessible so that users can more easily and comfortably utilize the powers of generative AI,” said Jihye Kim.
     
    Sharing her bold aspirations, Yunju Bae concluded with, “We want to expand the shooting experience to the point where artistic sensibilities and technology naturally blend together through AI. We aim to deliver an experience that’s good enough to replace different types of hardware.”
     
    Smartphone cameras are no longer just a technical feature. They’ve become iconic, indispensable items that capture and share life’s stories. The Galaxy camera is constantly evolving to make it easier for anyone to create high-quality photos and videos, and to personalize their content. As it evolves, so too will the ways users see, share and shape the moments that matter most.

    MIL OSI Economics –

  • MIL-OSI Global: Joe Biden has prostate cancer with bone spread – an oncologist explains what you need to know

    Source: The Conversation – UK – By Justin Stebbing, Professor of Biomedical Sciences, Anglia Ruskin University

    ArChe1993/Shutterstock

    Former US President Joe Biden, aged 82, has been diagnosed with an aggressive form of prostate cancer that has spread to his bones, marking a serious escalation in the disease.

    The diagnosis was made after he sought medical help for worsening urinary symptoms – a decision that likely saved his life. A small nodule on his prostate led to further investigation, revealing a high-grade cancer with a Gleason score of nine out of ten. This score indicates one of the most aggressive and fast-growing types of prostate cancer.

    Prostate cancer is the second most common cancer in men worldwide, especially affecting those over the age of 50. The prostate is a walnut-sized gland located just below the bladder, responsible for producing seminal fluid. While many prostate cancers grow slowly and may never cause serious harm, some – like Biden’s – are far more dangerous, capable of spreading quickly, often before symptoms are even noticed.

    The Gleason score is a critical tool used to grade prostate cancer based on how abnormal the cancer cells appear under a microscope. It ranges from six to ten, with higher scores indicating more aggressive disease.

    A score of nine suggests that the cancer cells are highly abnormal and likely to spread rapidly, requiring immediate and intensive treatment.

    In Biden’s case, the cancer has already metastasized – or spread – beyond the prostate, to the bones. This places him in stage four, the most advanced stage of prostate cancer. While not curable at this point, it is still treatable and can be managed with a combination of therapies aimed at slowing the disease’s progression and alleviating symptoms.

    A significant detail in Biden’s diagnosis is that the cancer is hormone-sensitive. Prostate cancer cells typically rely on male hormones such as testosterone to grow. Hormone-sensitive cancers can respond well to treatments that block or lower hormone levels – a common first step in managing the disease. This therapy may be combined with chemotherapy, targeted medications, and drugs that help reduce the risk of complications from bone metastases, such as fractures or severe pain.

    Early prostate cancer often has no symptoms, which is why regular screening is crucial, especially for older men or those with a family history of the disease.

    When symptoms do appear, they might include frequent urination (especially at night), difficulty starting or maintaining urine flow, or a feeling that the bladder hasn’t fully emptied. More advanced cancer may manifest as pain in the hips, back, or pelvis, as well as fatigue or unexplained weight loss – all of which contributed to Biden’s decision to seek medical attention.

    While the news of Biden’s diagnosis has been met with concern, it has also sparked a wave of bipartisan support. Messages have poured in from political allies and opponents alike, including President Donald Trump. Beyond the personal response, Biden’s condition has reignited public discussions about prostate cancer – particularly around access to screening, the importance of early detection, and disparities in treatment outcomes.

    The reality is stark: one in eight men will be diagnosed with prostate cancer in their lifetime. For many, it may never become life-threatening. But for others, it can be aggressive and fast-moving, underscoring the importance of vigilance and regular check-ups.

    Biden’s case is a sobering reminder that cancer doesn’t discriminate based on fame or status. It also serves as a testament to the power of listening to your body and seeking help when something feels wrong. Thanks to advancements in medical research, treatment options today are more effective than ever, offering patients a better quality of life – even in the face of a serious diagnosis.

    As Biden begins treatment, his journey may inspire more men to talk to their doctors, get tested and take their health seriously. With the right care and support, life with prostate cancer – even at stage four – is still worth living, and still full of moments that matter.

    Justin Stebbing 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. Joe Biden has prostate cancer with bone spread – an oncologist explains what you need to know – https://theconversation.com/joe-biden-has-prostate-cancer-with-bone-spread-an-oncologist-explains-what-you-need-to-know-257037

    MIL OSI – Global Reports –

  • MIL-OSI: Biz2Credit Small Business Earnings Report Finds SMB Earnings Climbed Higher in April

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) — Biz2Credit’s monthly Small Business Earnings Report found that average monthly earnings were up to $47,700 in April 2025, up $9,100 from March’s number. This is a consistent run of monthly gains, with earnings rising 48% since January.

    Key Findings for April 2025

    • Average Monthly Earnings: $47,700. (Mar. 2025: $38,600 – an increase of $9,100)
    • Average Monthly Revenue: $522,400. (Mar. 2025: $531,900 – a decrease of $9,500)
    • Average Monthly Expenses: $493,300. (Mar. 2025: $474,700 – a decrease of $18,600)

    A year ago (March 2024), average revenues were $692,900, while average expenses were $651,200. Average earnings were $41,700, a figure that is $3,100 more than the average earnings in March 2025. Additionally, inflation has seen a significant decline, from 3.4% in April 2024 to 2.3% in April 2025. However, tariff-related worries have kept small businesses on edge as they struggle to make revenue projections.

    “Small and medium businesses have found a way to remain economically strong despite trade policy uncertainty” said Rohit Arora, CEO and co-founder of Biz2Credit.

    “Tariffs remain a top concern for small business owners who continue to await further clarity from the White House about trade policy and tariffs before as they make pivotal business decisions,” added Arora, one of the nation’s leading experts in small business finance. “In the meantime, business operators are cutting back expenses, resulting in earnings swinging upward for the first few months of the year.” Q1 was particularly pressured as the new administration came in and began implementing new trade policy, sending markets and small business sentiment plummeting at an alarming rate.

    Summary

    The Biz2Credit Small Business Earnings Report summarizes primary data of companies that applied for funding each month. It assesses the financial health of small businesses by analyzing primary data provided directly by small to midsized firms in the U.S. as part of the application process on Biz2Credit’s award-winning digital funding platform. The report provides one of the most up-to-date readings on the financial health of small businesses currently available. Click here to review the Small Business Earnings Report.

    Methodology

    Biz2Credit examines a number of small business financial metrics in the Small Business Earnings Report, including annual revenue, operating expenses, age of business, credit score, approval rate, and funding rate. Data is drawn from over 100,000 completed financing applications submitted to Biz2Credit’s online small business funding platform between Jan. 2022 and Apr. 2025.

    About Biz2Credit

    Founded in 2007, Biz2Credit has helped thousands of companies access more than in small business financing. Biz2Credit is headquartered in New York City, employs over 800 people with over half in product, data science, and engineering roles. Using data analytics and predictive modeling, Biz2Credit seeks to enhance the accuracy and transparency of business credit decisions, fueling long-term economic development. Visit www.biz2credit.com, or follow the company on LinkedIn, Instagram, Facebook, and X (formerly Twitter).

    Media Contact: Brett Holzhauer, (818) 326-1109, brett.holzhauer@biz2credit.com

    The MIL Network –

  • MIL-OSI United Kingdom: Preston Caribbean Carnival Returns for its Spectacular 51st Year!

    Source: City of Preston

    Preston is set to come alive with colour, music and culture this May as the Preston Caribbean Carnival marks its incredible 51st anniversary. Over the late May Bank Holiday weekend, thousands are expected to join the celebrations which promise to be bigger, brighter and even more vibrant than ever before.

    The festivities began with the King & Queen competition to decide who will lead the parade this year. The King & Queen competition was held on Saturday, 17 May on Preston’s Flag Market and featured pieces judged by Rhonda Martin. Rhonda has judged Carnival competitions all over the world including Trinidad & Tobago, and Notting Hill Carnivals. There was live entertainment with DJs from around the world, providing the tunes and good vibes as a backdrop for the show, which included a stunning costume display and performances from three local dance troupes.

    The excitement continues with the One Park Living Legends on Saturday, 24 May, a ticket-only event held to raise funds for the Carnival. From 2pm to 8pm, Moor Park will host a packed programme of live music featuring renowned headline artists including: The Queens of Lovers Rock – Janet Kay & Carroll Thompson, plus Winston Reedy, Winsome, J Ray and Adele, alongside Sound Systems Love Unlimited & Friends from London and from Preston, Phoenix Sound and Johnny Rockers. For tickets visit Ticket Tailor – One Park Living Legends Festival – Moor Park Preston May 2025.

    The highlight of the weekend is the much-loved Carnival Parade on Sunday, 25 May setting off at 1pm from Moor Park Avenue. The parade route will move through Deepdale Road, Meadow Street, St Paul’s Road, Sedgewick Street, North Road, Garstang Road and back to Moor Park, celebrating the rich Caribbean heritage with live music, dance, drummers and dazzling costumes representing more than 50 years of Carnival traditions.

    Following the parade, the Carnival Day Family Fun Park event will continue the festivities at Moor Park until 7.30pm, featuring live stage performances showcasing music from the Caribbean, children’s rides and creatives, Caribbean and international food stalls, bars, and sound system areas.

    Councillor Anna Hindle, Cabinet Member for Culture and Arts at Preston City Council said:

    “The Preston Caribbean Carnival is a treasured part of our city’s cultural calendar, bringing together communities to celebrate diversity, creativity and heritage. As we mark the 51st anniversary, we look forward to welcoming thousands of visitors to enjoy this joyful, family-friendly event. It’s a wonderful way to showcase the vibrant spirit of Preston and the Caribbean community’s incredible contribution to our city’s identity.”

    Come and celebrate the biggest and most colourful party Preston will see this year! Find out more about city events in Preston at Visit Preston – Preston City Centre events 2025.

    Image credit: Preston Photographic Society

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: 19 May 2025 Departmental update HIV, Hepatitis and Sexually Transmitted Infections agenda at the Seventy-eighth World Health Assembly

    Source: World Health Organisation

    The Seventy-eight World Health Assembly (WHA78) takes place on 19−27 May 2025 in Geneva, Switzerland. 

    Elimination awards

    During the plenary session on Monday, 19 May, the Director-General will award Botswana for achieving gold tier status on the path to elimination of mother-to-child transmission of HIV as a public health problem.

    Botswana was already the first country in the world to meet the criteria for silver tier status on the path to elimination of HIV, in 2021. Now, Botswana is the first country to achieve gold tier status, by reaching stringent targets for HIV prevalence among new mothers, HIV incidence among newborns, and service coverage for antenatal care, HIV testing and antiretroviral therapy. 

    Official side events

    Several official side events on HIV, viral hepatitis and STIs will take place during the WHA78. These events require access to the Palais de Nations and only accredited delegated can access. You can find more details in WHO’s page dedicated to WHA78 official side events.

    Date and time

    Event title and details

    Description

    Monday, 19 May

    19:30–20:50

    Getting the world back on track: Ending AIDS by 2030 still possible!

    Location: Palais des Nations – Room/Salle VIII

    Organizers: International AIDS Society (IAS), PATH, GNP+

    The side-event will focus on the significant challenges facing the global HIV response, particularly in the light of recent funding cuts. It will explore how countries are addressing funding gaps and forging regional and national partnerships to sustain HIV programmes, while identifying innovative financing models.

    The discussion will focus on the consequences of the funding cuts, strategies for ensuring the continuity of HIV services and the importance of domestic resource mobilization to achieve the goal of ending AIDS by 2030.

    Wednesday, 21 May

    18:00–19:20

    Uniting in Global Solidarity for Hepatitis Elimination: Acting to Prevent Liver Cancer in Support of the NCD Agenda.

    Location: Palais des Nations – Room/Salle VII

    Organizers: Pakistan, Tanzania, Coalition for Global Hepatitis Elimination, African Union, World Hepatitis Alliance, Medicines Patent Pool

    The integration of hepatitis vaccination, diagnostics and treatment within existing frameworks for UHC and PHC will advance progress toward the global goals of hepatitis elimination and cancer prevention.

    The WHA offers a critical opportunity to raise awareness and drive commitment to achieve the elimination of hepatitis and reduction of liver cancer globally. This platform can also provide a basis to launch a Coalition of Member States dedicated to raising the visibility of hepatitis and accelerating global efforts to eliminate it.

    Friday, 23 May

    18:00–19:20

    The contribution of selfcare to advance sexual and reproductive health and rights.

    Location: Palais des Nations Room/Salle VIII

    Organizers: Belgium, Uruguay, Luxembourg, Global Network of People Living with HIV

    This side event will explore how self-care interventions are transforming the Sexual and Reproductive Health and Rights (SRHR) landscape, supporting primary health care (PHC) and advancing universal health coverage (UHC). Evidence-based self-care interventions for SRHR are recommended by WHO for all economic contexts. Self-care interventions offer practical, empowering solutions to overcome persistent barriers to advance quality SRHR for all.

    This side event will highlight the multidimensional benefits of self-care interventions through concrete examples, including impact at national level, and innovation.

    Non-official side events

    A large number of non-official side events will take place during WHA78 in different venues across Geneva. These events are convened by a diverse range of partner organizations with the technical support from WHO Department of Global HIV, Hepatitis and STIs (HHS). 

    Date and time

    Event title and details

    Description

    Wednesday, 21 May

    18:30–20:30

    A new era of HIV prevention: Accelerating access to long-acting technologies through sustainable prevention systems and financing.

    Location: UNAIDS / WHO D building – Kofi Annan Room

    Organizers: UNAIDS (in collaboration with UNFPA, WHO and UNDP), the Federal Republic of Brazil and the Netherlands

    This high-level dialogue organized by the Global HIV Prevention Coalition (GPC) aims to galvanize political leadership, financing, and coordinated action to drive a transformational HIV prevention push.

    The meeting will serve as a platform for Ministers of Health, global health partners, pharmaceutical companies, and civil society to explore opportunities to expand access to new long-acting prevention technologies as a powerful addition to existing effective options.

    Registration

    Virtual participation: Livestream on YouTube

    Thursday, 22 May

    18:30–20:30

    Communities at the heart of global health and health security: why sustained funding for community-led health systems matters now more than ever

    Location: UNAIDS / WHO D building – Kofi Annan Room

    Organizers: Coalition PLUS, Frontline AIDS, UNAIDS and WHO

    This high-level discussion will focus on the critical role that communities play in shaping global health and health security policies. In light of ongoing global health challenges, including pandemics, rising health inequities, funding cuts, and the increasing burden on health systems, it is now more important than ever to prioritize community-led health systems.

    Registration:

    In person

    Virtual

    Furthermore, throughout WHA78 week, the HHS Department will engage informally with Member States to provide an overview of the process for revising the Global Health Sector Strategies on HIV, viral hepatitis, and STIs (2022–2030), and to discuss preparations for the mid-term review, which is scheduled to be presented at the World Health Assembly in 2026. 

    MIL OSI United Nations News –

  • MIL-OSI Security: Lexington Business Owner Sentenced for Failure to Pay Taxes

    Source: Office of United States Attorneys

    LEXINGTON, Ky. – A Lexington business owner, Matthew Buresh, 65, was sentenced on Friday by U.S. District Judge Karen Caldwell to 24 months in prison, for two counts of failure to pay taxes.

    Buresh was the owner and President of CR Cable Construction Inc. (CR), a company operating in Lexington that installed underground utility lines. As the owner of the company, Buresh was required to remit trust fund taxes withheld from employee paychecks, such as individual income, Social Security, and Medicare taxes, as well as the matching amounts contributed by the employer, to the IRS on quarterly basis. These taxes are generally known as “employment taxes.”

    According to his plea agreement, between March 2018 and December 2022, Buresh knew that his company was required to make deposits of the employment taxes to the IRS on a periodic basis, but chose not to pay the employment taxes withheld from CR’s employees’ paychecks to the IRS. Buresh was notified of CR employment taxes due and owing, accounted for such taxes, had sufficient funds to pay them, but willfully chose not to pay a significant portion of those employment taxes from 2018 through 2022. At the same time, between 2017 and 2022, Buresh withdrew $2.9 million in cash from CR’s bank account to pay for business expenses, his wages, and his distributions.

    Under federal law, Buresh must serve 85 percent of his prison sentence. Upon his release from prison, he will be under the supervision of the U.S. Probation Office for three years. Buresh is also required to pay $805,787.82 in restitution.

    Paul McCaffrey, Acting United States Attorney for the Eastern District of Kentucky; and Karen Wingerd, Special Agent in Charge, IRS-Criminal Investigations, Cincinnati Field Division, jointly announced the sentence.

    The investigation was conducted by the IRS. Assistant U.S. Attorney Brittany Dunn-Pirio is prosecuting the case on behalf of the United States.

    – END –

    MIL Security OSI –

  • MIL-OSI Global: The new Carney government must tackle Canada’s outdated system of intergovernmental relations

    Source: The Conversation – Canada – By Jennifer Wallner, Associate Professor, School of Political Studies, L’Université d’Ottawa/University of Ottawa

    Throughout the recent federal election campaign, political leaders outlined their vision for Canada’s future. Responding to a dramatically changing geopolitical climate, party platforms contained ambitious policy proposals about how to reposition the country for the challenges that lie ahead.



    Read more:
    Getting ready for what’s next: 4 scenarios for Canada’s future in a Trumpian world

    But the leaders were silent about how a new federal government would navigate the division of powers among various levels of government in order to bring their proposals to life.

    Canada’s Constitution separates powers between Ottawa and the provinces based on the principle of divided sovereignty. No order of government is subordinate to the other and, in principle, all governments can act autonomously in their respective areas of jurisdiction.

    Life would be easy if the problems we faced adhered to the 1867 Constitution Act. Most challenges, however, transcend the individual categories of jurisdiction. Collaboration among jurisdictions is therefore essential to meet the individual and collective needs of Canadians.

    From apprenticeships to energy corridors, childcare to caregiving, most policy areas require sustained and substantive co-ordination to succeed. Often, like in case of housing and climate change, this must also include municipalities.

    In addition, intergovernmental co-ordination must finally reflect a nation-to-nation relationship with Indigenous peoples.

    How exactly to work together?

    Nonetheless, the significance of intergovernmental relations in implementing policy continues to be overlooked, including by the victorious Liberals.

    The Liberal Party’s Canada Strong platform refers eight times to nation-building projects. But it fails to acknowledge the need to transform intergovernmental relations for 21st century challenges.

    Instead, the Constitution is seemingly perceived as a minor inconvenience, not as a key governance challenge: “We will work with the provinces and territories,” the policy says, seemingly hoping that somehow things will work out.

    Federal leaders seem oblivious to the fact that Canada is one of the most decentralized federations worldwide. The provinces exercise fiscal and jurisdictional autonomy exceeding those of other countries. In the meantime, the decisions of individual provinces and territories have implications that stretch far beyond their own borders.

    Take natural resources.

    Natural resources fall under the exclusive jurisdiction of provinces and, increasingly, the territories. But their development profoundly affects economic and environmental policy.

    If one province or territory unilaterally decimates the natural resources of their region, it’s not just that specific province or territory that bears the consequences. This is just one of many sectors in need of collective consideration so that all of Canada benefits.



    Read more:
    ‘Elbows up’ in Canada means sustainable resource development

    Ottawa isn’t really the ‘leader’

    There is a simple truth here: orders of government in Canada are not completely autonomous over their areas of jurisdiction. The federal government does not have the legitimate authority to compel provincial-territorial action; in the meantime, provinces and territories have little means to influence federal policy according to the needs and wants of their constituents.

    Rather than tackling this institutional problem, the federal government often asserts itself as the leader
    Alternatively, the federal government evokes an ad hoc “Team Canada” approach in response to imminent crises, like the re-negotiation of the former NAFTA agreement in 2017 and today’s threats and tariffs by U.S. President Donald Trump.



    Read more:
    Why Alberta’s Danielle Smith is rejecting the Team Canada approach to Trump’s tariff threats

    Neither option, however, addresses the deeper problem: intergovernmental relations in Canadian federalism are notoriously weak and lack the legitimacy and transparency to bring about effective collective action.

    Canadian and international research shows that a robust institutional framework is critical for nurturing the key ingredient for effective and legitimate intergovernmental relations: Reciprocity.

    Regular policy meetings among governments and senior level public servants, especially when backed by sufficient administrative and political support, promotes shared norms and understandings, enhancing the potential for long-term policy solutions.

    Royal commission?

    If this type of regular collaboration is entrenched, it would be more difficult to obstruct meaningful collective action that respects Canada’s political integrity.

    Reciprocity is at odds with Alberta Premier Danielle Smith’s threats to create a national unity crisis if a list of demands isn’t met. It is also at odds with Ottawa’s penchant under former prime minister Justin Trudeau to use federal tax dollars to pursue policy objectives that were within provincial jurisdiction.

    As Mark Carney’s new government gets to work, Canadians must question not only the fiscal soundness of its proposals, but also their feasibility considering the deep divisions in Canadian federalism.

    Without taking tangible steps to reimagine Canada’s outdated system of intergovernmental relations or developing a road map for institutional reform, the lasting policy changes that are needed to reposition Canada in an increasingly hostile environment are unlikely to materialize.

    About 100 Canadian academics recently argued in an open letter, Canada needs to establish a royal commission for securing Canada’s future. As past experience has shown, this approach has great potential, but it must be developed in partnership among federal, provincial and territorial governments, including those of First Nations, Métis and Inuit peoples.

    Jörg Broschek receives funding from the Social Sciences and Humanities Research Council (SSHRC)

    Jennifer Wallner 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 new Carney government must tackle Canada’s outdated system of intergovernmental relations – https://theconversation.com/the-new-carney-government-must-tackle-canadas-outdated-system-of-intergovernmental-relations-256432

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: UK Trade Envoy Visits Ghana to Deepen Bilateral Economic Relations

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK Trade Envoy Visits Ghana to Deepen Bilateral Economic Relations

    This Bell Ribeiro-Addy’s first official visit to Ghana since her appointment as Trade Envoy in January 2025 to strengthen UK-Ghana economic partnerships.

    The British High Commission Accra is pleased to announce that Bell Ribeiro-Addy, the UK’s Trade Envoy to Ghana, will undertake her first official visit to Ghana from 19 –22 May 2025. The four-day mission will include engagements in Accra and Kumasi, underscoring the UK’s commitment to deepening bilateral trade relations and fostering economic growth.  

    Appointed by Prime Minister Keir Starmer in January 2025, Ms. Ribeiro-Addy is part of the UK government’s global network of Trade Envoys, working to promote British trade interests in over 70 countries. Her visit to Ghana marks a significant milestone in her role and reflects the UK’s strategic focus on strengthening partnerships across Africa. 

    During her visit, Ms. Ribeiro-Addy will meet with a range of high-level stakeholders, including: 

    • Hon. Dr. Cassiel Ato Baah Forson, Minister of Finance
    • Hon. Elizabeth Ofosu-Adjare, Minister of Trade, Agribusiness and Industry
    • Hon. Dr. Clement Abas Apaak, Deputy Minister of Education
    • Senior government officials, traditional leaders, and academic representatives
    • UK businesses operating in Ghana and the Ghana Investment Promotion Centre (GIPC)

    These discussions will focus on expanding trade and investment opportunities, enhancing economic cooperation, and identifying areas for mutual growth. 

    In Kumasi, Ms. Ribeiro-Addy will tour two major UK Export Finance (UKEF)-backed projects: the Kumasi Airport and the Komfo Anokye Teaching Hospital maternity block. These initiatives highlight the UK’s ongoing support for infrastructure development in Ghana’s Ashanti Region. 

    She will also host a roundtable with the Women’s Parliamentary Caucus, aimed at fostering collaboration on gender-inclusive economic development and leadership. 

    Ms. Ribeiro-Addy said:

    I am honoured to represent the UK in Ghana and look forward to engaging with our Ghanaian partners. This visit is an important step in strengthening our trade relations and exploring new avenues for collaboration. I am confident that our discussions will pave the way for a brighter economic future for both our countries.

    British High Commissioner to Ghana, Harriet Thompson, added: 

    We are thrilled to welcome Bell Ribeiro-Addy MP to Ghana. Her visit reflects our shared commitment to building stronger international partnerships, promoting global trade, and realising a vision of inclusive prosperity.

    Updates to this page

    Published 19 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Voluntary agencies open day19 May 2025 The States of Jersey Ambulance Service and associated voluntary agencies are holding an Open Day between 12pm-4pm on Bank Holiday Monday, 26 May 2025. We are inviting Islanders to the Weighbridge to… Read more

    Source: Channel Islands – Jersey

    19 May 2025

    The States of Jersey Ambulance Service and associated voluntary agencies are holding an Open Day between 12pm-4pm on Bank Holiday Monday, 26 May 2025.

    We are inviting Islanders to the Weighbridge to learn what happens when we attend a major incident, or a public event. 

    Alongside the frontline Ambulance and Patient Transport Services, the voluntary agencies in attendance will include St John Ambulance, Normandy Rescue, the Ambulance Support Unit, the Aquatic Rescue Team, Jersey Honorary Police and the Community First Responders. 

    Our partner agencies are invaluable to our emergency responses and provide first aid support to our community – attending events and assisting with the nighttime economy, at peak times. 

    This open day is an opportunity to showcase what each organisation does, how we work together and some of our lifesaving equipment. On the day, Islanders can also learn about volunteering opportunities and how they could use life-saving skills at public events and supporting SoJAS in a major incident.​

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Statement by IMF Deputy Managing Director Bo Li at the Conclusion of a Visit to Mozambique

    Source: IMF – News in Russian

    May 19, 2025

    Maputo, Mozambique: Mr. Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Mozambique at the end of his visit from May 15-17, 2025: 

    “I am pleased to be in Mozambique for my first visit as IMF Deputy Managing Director. I would like to thank President Daniel Chapo, Finance Minister Carla Loveira, and Central Bank Governor Rogerio Zandamela, as well as other senior officials, for their hospitality and constructive discussions. We discussed opportunities to strengthen our continued partnership through regular policy dialogue and technical assistance. The IMF remains a close partner in supporting the country’s efforts to lift the living standards of the Mozambican people.

    “During my visit, I also met with the Committee of Central Bank Governors of the Southern African Development Community (SADC) to advance efforts to improve cross-border payments within the regional bloc. Member countries remain committed to this joint objective and are making good progress. We also discussed opportunities to further strengthen ongoing technical assistance provided jointly by the IMF and the World Bank on cross-border payments. We look forward to continuing the tight and productive collaboration.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Kwabena Akuamoah-Boateng

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

    https://www.imf.org/en/News/Articles/2025/05/19/pr-25152-mozambique-statement-by-imf-deputy-md-bo-li-at-the-conclusion-of-a-visit-to-mozambique

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: InvestHK forges economic ties with multiple emerging markets through outreach to Eastern Europe, Africa, and the Middle East (with photos)

    Source: Hong Kong Government special administrative region

    ​Invest Hong Kong (InvestHK) announced today (May 19) that the Director-General of Investment Promotion and leadership team have completed multiple duty visits to emerging markets in Eastern Europe, Africa, and the Middle East this month, actively promoting Hong Kong’s business advantages and opportunities in overseas markets and fostering mutual co-operation. The team participated in various events, met with government organisations, chambers of commerce, business leaders, and company representatives, to deepen exchange in economic and trade between Hong Kong and these places. During the visit to the Middle East, as witnessed by the Chief Executive, Mr John Lee, and local leaders, a Memorandum of Understanding (MoU) was signed to strengthen economic and trade ties and promote deeper business collaboration between the two regions.

    Director-General of Investment Promotion, Ms Alpha Lau, Associate Director-General of Investment Promotion Mr Charles Ng, Acting Associate Director-General of Investment Promotion Ms Loretta Lee, and sector team heads visited Türkiye, Hungary, Egypt, Côte d’Ivoire, Morocco, Qatar, Kuwait, Dubai, Abu Dhabi, Oman, and Romania, actively promoting Hong Kong’s business advantages and opportunities. They emphasised Hong Kong’s advantages of connecting the country with the world under “one country, two systems,” and sought to actively expanding into emerging markets, deepen international exchanges and co-operation, and demonstrate the synergistic power of the complementary strengths between the city and the Mainland.

         Mr Lee led a business delegation to Qatar and Kuwait from May 11 to 14, Ms Loretta Lee was part of the delegation. Witnessed by the Chief Executive, three MoUs were signed with the Qatar Chamber of Commerce and Industry, the Qatar Businessmen Association, and the Kuwait Direct Investment Promotion Authority, further strengthening collaborative relationships.

    Ms Alpha Lau visited emerging markets along the Belt and Road initiative including Istanbul, Türkiye; Budapest, Hungary; and Cairo, Egypt, from May 10 to 20, meeting with external economic relations committees, export promotion agencies, investment promotion agencies, chambers of commerce, financial services organisations and strategic enterprises, to promote Hong Kong’s business advantages and opportunities and the advantages of raising capital through Hong Kong. She spoke at multiple business seminars co-organised by chambers of commerce, business associations, and external economic relations committees, expanding networks and seeking new business opportunities for Hong Kong and hosted two media roundtable discussions to tell the good stories of Hong Kong.
     
    Mr Ng visited Abidjan, Côte d’Ivoire, and Casablanca, Morocco, from May 11 to 16. In Côte d’Ivoire, Mr Ng spoke at a CEO Forum and engaged with chambers of commerce and industry to highlight Hong Kong’s role as a super-connector in the Belt and Road Initiative. In Morocco, he met with various financial institutions and professional associations to emphasise Hong Kong’s robust financial markets and innovation ecosystem. Mr Ng also met with local media to promote Hong Kong’s business advantages.
     
    Global Head of Financial Services, FinTech & Sustainability at InvestHK, Mr King Leung met with representatives from local financial institutions in Oman, Dubai, and Abu Dhabi to discuss opportunities for digital and technological collaboration between the two regions. The Head of Consumer Products, Ms Angelica Leung met with retail and luxury brand leaders in Bucharest, tapping into emerging markets like Romania and demonstrating why Hong Kong is the ideal location to set up a regional headquarters to thrive across the region’s retail and luxury sectors.
     
    Ms Lau said, “In addition to reaching out to traditional markets, InvestHK is also strengthening economic ties with emerging markets to create more collaboration opportunities. Amid unprecedented global economic challenges and the reshaping of global supply chains, overseas enterprises are keen to expand their presence in Asia. InvestHK will align with the Belt and Road Initiative and the trend of collaborating with the ‘Global South’, deepen international exchanges and collaboration, actively promote cross-border investment, capital market cooperation, and technological innovation exchanges, and assist enterprises in establishing and expanding their business in Hong Kong and the wider region.”

    MIL OSI Asia Pacific News –

  • MIL-OSI: Elev8 Corporate Finance Introduces Flat-Fee Plus Exit Model, Delivering Faster, Cheaper Bridge Capital to Lower-Middle-Market Businesses

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX , May 19, 2025 (GLOBE NEWSWIRE) — Elev8 Corporate Finance, the private credit advisor behind the GrowthBridge™ platform, has rolled out a new compensation structure that replaces traditional broker commissions with a single flat engagement fee and a performance-based exit fee. The change frees more capital for borrowers on day one while tying Elev8’s earnings to a successful refinance or payoff.

    “Borrowers now see one clear number up front, then pay the balance only when the bridge does its job,” said Greg Williams, Founder of Elev8. “It aligns our incentives with the CEO’s ultimate goal: a clean, lower-cost take-out.”

    Under the new model, clients avoid stacked origination points and hidden monitoring charges. Instead, they pay a fixed engagement fee to secure underwriting and lender alignment. A performance-based success fee is due only when the bridge loan refinances or is paid off. If Elev8 secures the next facility, we discount the exit fee to reward loyalty.

    The firm’s GrowthBridge™ program offers two tracks. GrowthBridge™ Core funds bridge loans from $500,000 to $2 million in as little as one to three weeks, making it ideal for Merchant Cash Advance refinance, rapid working capital, and opportunistic growth. GrowthBridge™ Select covers $2 million to $30 million-plus transactions in roughly three to five weeks, supporting acquisitions, large-scale debt consolidation, and capital-expenditure projects. Both tracks emphasize senior-secured structures with flexible payment options and monthly—or interest-only—schedules that preserve cash flow.

    Recent transactions underscore the model’s impact. In a $4.5 million refinance for a Texas-based distributor, Elev8’s flat-fee approach reduced financing costs by 70 percent, directed cash back into inventory, and closed in under three weeks—without any equity dilution.

    According to the client’s CFO, “Elev8’s transparent fee structure put six figures back into our working capital and eliminated daily cash drains. It felt like a true partnership from start to finish.”
    Elev8’s disciplined cash-flow underwriting and two decades of private credit expertise have produced a loan default rate below one percent while consistently funding deals in weeks rather than quarters. By offering a rebate on the exit fee when borrowers transition to a permanent bank or asset-based facility, Elev8 also establishes a natural loyalty loop that rewards long-term collaboration.

    About Elev8 Corporate Finance

    Elev8 Corporate Finance structures fast, flexible bridge loans for lower-middle-market companies across the United States and Canada. Through its GrowthBridge™ Core and Select programs, the firm delivers senior-secured, non-bank capital from $500,000 to $30 million+ for growth, recapitalizations, and high-cost debt replacement. Elev8 combines institutional-grade underwriting with principal-level oversight to fund strategic capital in weeks—not quarters.

    The MIL Network –

  • MIL-OSI: Bank of Åland Plc: Pasi Poikkeus appointed Deputy Head of the Finnish Mainland Business Area

    Source: GlobeNewswire (MIL-OSI)

    Bank of Åland Plc
    Change, Board/Executive Team/Auditors
    May 19, 2025, 17.00 EET

    Pasi Poikkeus appointed Deputy Head of the Finnish Mainland Business Area

    Pasi Poikkeus has been appointed Deputy Head of the Finnish Mainland Business Area, thereby also becoming a deputy member of the Executive Team. Poikkeus holds degrees in Master of Social Sciences (econ.) and Executive Master of Business Administration and is Head of the bank’s Private Banking within the Finnish Mainland Business Area. He has been with Bank of Åland since 2023 and will assume his new position immediately.

    For further information, please contact:
    Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel. +358 204 291 225
    Pasi Poikkeus, Head of Private Banking Finland, tel +358 50 358 3000

    The MIL Network –

  • MIL-OSI: BexBack Launches 100x Leverage, No KYC, $50 Welcome Bonus, and Double Deposit Bonus to Empower Crypto Futures Traders

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 19, 2025 (GLOBE NEWSWIRE) — As Bitcoin surged from $74,500 to break the $100,000 threshold, many analysts agree that a new crypto bull market has officially begun. In this environment, savvy investors are increasingly turning to high-leverage futures trading as a way to maximize returns with minimal capital.

    BexBack is embracing this shift by doubling down on its trader-first strategy, launching a powerful set of promotional incentives: a 100% deposit bonus, a $50 welcome bonus for new users, and up to 100x leverage across 50+ leading cryptocurrencies. Most importantly, the platform offers trading with no KYC required, making it accessible to users who were previously limited by verification or leverage restrictions. These tools are designed to help traders fully capitalize on the momentum of the bull market — with more flexibility, more power, and fewer barriers.

    What Is 100x Leverage and How Does It Work?

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

    Suppose the Bitcoin price is $60,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $63,000, your profit will be (63,000 – 60,000) * 100 BTC / 60,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

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

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

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

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and 50+ others futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

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

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

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

    Demo Account: Comes with 10 BTC and 1M USDT in virtual funds, ideal for beginners to practice risk-free trading.

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

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

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

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (available after making a deposit of at least 100 USDT or 0.001 BTC and completing one trade within one week of registration), giving you the edge to become a winner in the new bull run.

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

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7b581bb4-df3d-4643-a17a-66e245ace5a7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/afa8ddc4-bc5c-4d6a-9549-7f04cd1edce6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7ffc63ec-36f2-4692-81ef-b34b15678e72

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ca711b05-6553-405f-a954-587d09dcdc54

    The MIL Network –

  • MIL-OSI: Angles for SAP from insightsoftware Now Supports SAP Business Technology Platform (BTP) to Remove IT Blockers and Simplify Data Access

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., May 19, 2025 (GLOBE NEWSWIRE) — insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today announced that its purpose-built data intelligence and analytics solution, Angles for SAP, can now be fully integrated with SAP Business Technology Platform (BTP). This advancement enables supply chain and operations teams to seamlessly leverage Angles for SAP across the SAP BTP landscape. It simplifies data access, enriches reporting capabilities, and accelerates time-to-insight across SAP and non-SAP data sources.

    According to Gartner Inc., 90% of organizations plan to adopt a hybrid cloud approach by 2027. For scalable, compliant deployments, clean and context-aware data is essential. The integration of Angles for SAP with SAP BTP makes this possible, allowing customers to simplify SAP reporting, create tailored solutions, and make mission-critical decisions. For even greater benefit, Angles for SAP customers can leverage AI Doc Assist, a capability from Lineos, AI powered by insightsoftware. AI Doc Assist boosts productivity with generative AI and proprietary documentation to deliver fast, precise, and actionable insights.

    “Cloud ERP adoption is increasing, yet many organizations face challenges with timely and actionable operational reporting. Alongside global economic volatility, empowering decision-makers with faster insights and more efficient workflows has never been more critical,” said Axel Streichardt, VP, Product Management, ERP Reporting & BI at insightsoftware. “The integration of Angles for SAP with SAP BTP delivers advanced, modern analytics and reporting capabilities without the need to rebuild data models.”

    With more than 25 years of SAP data expertise, Angles for SAP empowers customers to unlock more value from their SAP investments. It complements native tools with advanced analytics, prebuilt semantic models, and AI-driven insights – all now deployable and extensible through SAP BTP. Angles for SAP capabilities drive measurable impact across operational reporting, supply chain management, predictive modeling, and scenario planning. Customers have reported up to 50% efficiency gains, 16% reductions in stock levels, and 20% improvements in production efficiency.

    Visit insightsoftware at upcoming SAP Sapphire events to learn more about how Angles for SAP turns critical SAP data into real-time, actionable insights:

    About insightsoftware
    insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FP&A), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity. Learn more at insightsoftware.com.

    Media Contacts
    Inkhouse for insightsoftware
    insightsoftware@inkhouse.com

    Daniel Tummeley
    Corporate Communications Manager
    PR@insightsoftware.com

    The MIL Network –

  • MIL-OSI Economics: GSK’s Nucala highlights IL-5 inhibition in reducing COPD exacerbations in eosinophilic patients, says GlobalData

    Source: GlobalData

    GSK’s Nucala highlights IL-5 inhibition in reducing COPD exacerbations in eosinophilic patients, says GlobalData

    Posted in Pharma

    GSK’s Nucala (mepolizumab) demonstrated a consistent reduction in exacerbation rates among patients with eosinophilic chronic obstructive pulmonary disease (COPD), irrespective of prior severe event history, according to findings presented at the 2025 American Thoracic Society (ATS) International Conference. These results further solidify the role of IL-5 inhibition in biomarker-driven COPD management, says GlobalData, a leading data and analytics company.

    GlobalData’s latest analysis of the Phase III MATINEE trial (NCT04133909) highlights Nucala’s ability to reduce moderate or severe exacerbations by 25% in patients with a history of severe exacerbations and by 21% in those without such a history. In both groups, Nucala significantly lowered the rate of exacerbations requiring emergency department (ED) visits or hospitalization—by 32% in the severe subgroup and 40% in the non-severe group—over a period of up to 104 weeks.

    Asiyah Nawab, Healthcare Analyst at GlobalData, comments: “The consistent benefit seen in both high-risk and lower-risk eosinophilic COPD patients highlights Nucala’s broad utility. These results can support its positioning as a foundational therapy in a segment where precision biologics are beginning to take hold.”

    The MATINEE trial enrolled 804 patients aged ≥40 years with screening blood eosinophil counts ≥300 cells/μL and a history of ≥2 moderate or ≥1 severe exacerbations in the prior year. All patients were receiving triple inhaled therapy. In addition to reducing exacerbation rates, Nucala improved health-related quality of life, with a greater proportion of patients achieving ≥4-point improvements in the St George’s Respiratory Questionnaire (SGRQ) score—particularly among those without prior severe events.

    Nawab adds: “The findings from the MATINEE trial reinforce Nucala’s efficacy across different levels of baseline disease severity and align with precision medicine strategies increasingly used to identify high-value subgroups within the broader COPD population. Despite a delayed FDA decision following its 07 May PDUFA date, the totality of evidence from METREX, METREO, and MATINEE trials provides a strong platform for potential regulatory approval.

    “With the recent approval of GSK’s Dupixent (dupilumab) in COPD and the growing emphasis on biomarker stratification, Nucala’s consistent performance in high-eosinophil populations could carve out a differentiated role, especially given its mature safety profile and experience in respiratory indications.”

    GSK’s extensive experience with Nucala in asthma and eosinophilic granulomatosis with polyangiitis (EGPA), combined with established payer familiarity, may facilitate market access if approved for COPD. However, competitive positioning against upstream agents such as Dupixent will require clear value messaging, robust real-world data, and targeted diagnostics to optimize prescriber uptake.

    Nawab concludes: “The MATINEE results provide a compelling case for Nucala’s use in eosinophilic COPD. Success will depend not only on regulatory approval but on strategic execution across diagnostics, pricing, and payer alignment to maximize its impact in an increasingly competitive and biomarker-driven biologics market.”

    MIL OSI Economics –

  • MIL-OSI Economics: Tezepelumab’s trial results strengthen potential for biomarker-driven biologic therapies in COPD, says GlobalData

    Source: GlobalData

    Tezepelumab’s trial results strengthen potential for biomarker-driven biologic therapies in COPD, says GlobalData

    Posted in Pharma

    Tezepelumab, a thymic stromal lymphopoietin (TSLP) inhibitor developed by AstraZeneca and Amgen, demonstrated significant reductions in chronic obstructive pulmonary disease (COPD) exacerbations among eosinophilic subgroups, regardless of chronic bronchitis status, according to new post hoc findings presented at the 2025 American Thoracic Society (ATS) International Conference. These results further support the potential for biomarker-driven biologic therapies in COPD, a historically underserved market, says GlobalData, a leading data and analytics company

    GlobalData’s latest analysis reveals that tezepelumab, evaluated in the Phase IIa COURSE trial, achieved a 26% reduction in annualized moderate or severe exacerbations in patients with chronic bronchitis (CB), with a 28% reduction in those with baseline blood eosinophil counts (BECs) ≥150 cells/μL. Notably, in patients without CB but with elevated BECs, a 56% reduction was observed. These findings highlight the impact of type 2 inflammation and eosinophilic status in shaping treatment response.

    Asiyah Nawab, Healthcare Analyst at GlobalData, comments: “These subgroup findings reinforce the growing momentum around precision medicine in COPD. While tezepelumab did not meet its primary endpoint in the overall trial population, the marked benefit in biomarker-defined groups could pave the way for future regulatory and commercial strategies centered on eosinophilic inflammation.”

    The COURSE study enrolled 337 patients with moderate to very severe COPD and at least two exacerbations in the prior year, all of whom were on optimized triple inhaled therapy. Participants received either tezepelumab 420mg subcutaneously every four weeks or a placebo for 52 weeks. In addition to exacerbation reductions, tezepelumab was associated with improvements in lung function and quality of life, particularly in CB patients with elevated eosinophils.

    These results align with prior patterns seen in other biologics targeting eosinophilic COPD, including GSK’s Nucala (mepolizumab) and AstraZeneca’s Fasenra (benralizumab). However, tezepelumab’s upstream mechanism of action may offer a broader anti-inflammatory effect, which could differentiate it in a competitive landscape increasingly defined by biomarker stratification.

    Nawab continues: “Biologics remain a small segment of the COPD market, largely due to underwhelming results in unselected populations. Tezepelumab’s ability to deliver clinically meaningful outcomes in eosinophilic subgroups, if confirmed in Phase III trials, could establish it as a valuable add-on therapy for high-risk patients unresponsive to standard inhaled regimens.”

    From a commercial standpoint, AstraZeneca’s existing respiratory portfolio, including Symbicort and Fasenra, may offer strategic leverage for market integration. However, Nawab notes that payers will require clear evidence of clinical value and biomarker-based stratification to justify premium pricing.

    Nawab concludes: “Tezepelumab’s trajectory will depend on its ability to validate these subgroup effects in a pivotal program. In an increasingly crowded and cost-sensitive biologics space, a successful precision medicine strategy will be essential to achieving market access and uptake.”

    MIL OSI Economics –

  • MIL-OSI Economics: 2025 Masters Tournament generates estimated sponsorship revenue of $60.45 million, reveals GlobalData

    Source: GlobalData

    2025 Masters Tournament generates estimated sponsorship revenue of $60.45 million, reveals GlobalData

    Posted in Sport

    The 2025 Masters Tournament featured seven sponsors, with the Bank of America serving as the sole new sponsor for the year’s edition, distinguishing it from the previous year’s roster of sponsors. The Bank of America has agreed to serve as the Champion partner of the Masters’ Tournament. The partnership, which has been confirmed for the 2025 edition of the tournament, is worth an estimated $9.5 million annually. Overall, the tournament generated an estimated $60.45 million for the 2025 season, reveals GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Post Event Analysis – The Masters 2025”, reveals that the final round of the 2025 Masters on Sunday, April 13, emerged as the most-watched final round of the tournament since 2018 on CBS. The total prize purse for the 2025 Masters reached $21 million, marking the highest in the tournament’s 89-year history.

    Olivia Snooks, Sport Analyst at GlobalData, comments: “The Masters generally maintains long-term commitments with its sponsors. For instance, IBM has sustained a sponsorship relationship with the tournament for over 25 years. This strategic approach by the tournament organizers is designed to preserve their robust affiliation with established, high-value corporations.”

    Rory McIlroy, the winner of the 2025 Masters, earned $4.2million- a $600,000 increase from the winner’s prize money in the 2024 edition, which was won by Scottie Scheffler. The 2025 Masters prize money saw the top 50 golfers receive cash prizes ranging from $4.2 million to $52,920. The remainder of the professional golfers received cash prizes ranging downward from $51,660, depending on the scores.

    Snooks continues: “Despite the substantial prize fund associated with the Masters, the Green Jacket—bestowed upon the tournament’s victor—embodies a considerable portion of the event’s prestige. The Green Jacket not only symbolizes triumph but also secures automatic invitations to other major championships. Although the monetary reward is undeniably important to any golfer, the allure of the Green Jacket serves as a significant motivator within the sport.”

    According to various estimates, the Masters Tournament generates approximately 45% of its revenue from merchandise sales, a significantly higher percentage than many other events. Official merchandise is exclusively available on-site at Augusta National Golf Club during the tournament week, as it is not sold online, which creates substantial demand. It is estimated that Augusta National sells over $70 million in merchandise during the Masters Tournament, which translates to an impressive $10 million per day.

    Snooks concludes: “This strategic approach to merchandise sales not only fuels the exclusivity and allure of the Masters brand but also underscores the significant economic impact of limited availability on consumer behavior.”

    MIL OSI Economics –

  • MIL-OSI Economics: ICC calls for G7 leadership to revitalise global trade system 

    Source: International Chamber of Commerce

    Headline: ICC calls for G7 leadership to revitalise global trade system 

    Hosted by the Canadian Chamber of Commerce under the theme “Bolstering Economic Security and Resiliency”, the B7 Summit was held in Ottawa from 14–16 May.

    ICC Secretary General John W.H. Denton AO featured as an executive spotlight speaker during the Summit where he urged G7 countries to demonstrate leadership in shaping the future of global trade.

    “A strong, stable, and predictable multilateral trading system is essential, and leadership from the G7 community must drive this forward.”

    ICC Secretary General, John W.H. Denton AO

    “Revitalising the multilateral trading system should be on Page 1 of the Brief of Leaders going into the G7 Summit in Alberta next month,” he added.

    Speaking on a keynote panel alongside Nikki Haley, former US Ambassador to the United Nations, Matthew Harrington, Global President and COO of Edelman, and Bianca Freedman, CEO of Edelman Canada, Mr Denton stressed the growing need for business to play a proactive leadership role in easing global tensions and highlighted ICC’s focus on advancing practical solutions to restore confidence in the global trading system.

    “Without leadership, we risk drifting into a more fragmented global economy where uncertainty becomes the norm, and the basic safeguards of the trading system erode. That would be a loss not just for governments, but for businesses and communities everywhere that rely on open, stable markets to grow and prosper.”

    Strengthening the voice of business globally

    Throughout the B7 Summit, ICC representatives engaged in bilateral meetings with high-level officials, including the G7 Sherpa and Deputy Minister Cindy Termorshuizen, as well as with chamber leaders.  

    The ICC International Court of Arbitration (ICA) and the ICC Digital Standards Initiative (DSI) were recognised in the final B7 Communiqué, which outlines the business community’s key policy proposals for G7 leaders. ICC was cited as a leading example of how to implement the B7’s Strategic Trade Coordination recommendations.

    The B7 Summit culminated in the presentation of policy recommendations to the Canadian government ahead of the G7 Summit, scheduled to take place from  15-17 June in Kananaskis, Alberta.

    The B7 serves as the official business engagement platform for the world’s seven largest advanced economies. ICC first participated in the B7 Summit in 2024, under Italy’s G7 Presidency. ICC is also a Network Partner to the B20 and continues to play a leading role in the G20 process, having been actively engaged since 2010.

    MIL OSI Economics –

  • MIL-OSI Video: We’re ‘losing the war’ on modern slavery: What leaders can do – HPE’s John Schultz

    Source: World Economic Forum (video statements)

    Slavery is not a problem cast to the annals of history. Modern slavery and forced labour are hidden in plain sight, found everywhere from nail salons to pristine factories, impacting 50 million people worldwide. Hewlett Packard Enterprise’s John Schultz explains more about this worsening problem and how it impacts economies and communities. He also explains how data technologies and artificial intelligence are being leveraged in new ways to draw insights from sources such as from shipping reports, photos, supply chain data and victim impact statements to tackle this issue in a way that’s never been possible before. He shares the collaborations in place that are broadening data pools and the simple question business leaders must ask to dig deeper into their own firms to make real change possible.

    This interview was recorded in at the Annual Meeting in Davos Switzerland, January 2025.

    About this episode:

    HPE: https://www.hpe.com/us/en/newsroom/blog-post/2024/06/hpes-2nd-annual-human-rights-report-three-takeaways.html

    About the World Economic Forum’s Global Data Partnership Against Forced Labour: https://initiatives.weforum.org/fldata/home

    Lisa Kristine: https://lisakristine.com/

    About this podcast:

    Transcript: https://www.weforum.org/podcasts/meet-the-leader/episodes/john-schultz-hpe-modern-slavery

    Related Podcasts:

    What most people get wrong about progress: Harvard psychologist Steven Pinker: https://www.youtube.com/watch?v=Y2IJjZs4E7A&list=PL7m903CwFUgkDwzqiHQj0cjnZYJNJF8VQ&index=2&t=1s

    Understanding the housing affordability crisis – and what’s needed to fix it: Habitat for Humanity CEO: https://www.youtube.com/watch?v=crdJqhl8pGk&list=PL7m903CwFUgkDwzqiHQj0cjnZYJNJF8VQ&index=14

    ____________________________________________

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=HlXggC3o08I

    MIL OSI Video –

  • MIL-OSI United Kingdom: Recruitment consultant sentenced after fraudulently using Covid loans for personal purposes

    Source: United Kingdom – Executive Government & Departments

    Press release

    Recruitment consultant sentenced after fraudulently using Covid loans for personal purposes

    Suspended sentence for Bounce Back Loan fraudster

    • Rico Iheagwara fraudulently applied for two £20,000 Bounce Back Loans during the summer of 2020  

    • Iheagwara’s SJR Recruitment Limited company was not trading at the time of the applications 

    • SJR Recruitment was placed into liquidation in 2021 with liabilities of more than £67,000

    A recruitment consultant who fraudulently spent Covid support funds for personal purposes has been handed a suspended sentence. 

    Rico Iheagwara secured two Bounce Back Loans worth £20,000 each from different banks for his Essex-based SJR Recruitment Limited company when businesses were only entitled to a single loan under the scheme. 

    Iheagwara, 36, of River Meads, Stanstead Abbotts, Hertfordshire, was sentenced to 18 months in prison, suspended for 18 months, for fraud when he appeared at St Albans Crown Court on Friday 16 May. 

    He was also ordered to complete 120 hours of unpaid work and 15 days of rehabilitation activity. 

    David Snasdell, Chief Investigator at the Insolvency Service, said: 

    Rico Iheagwara blatantly abused a taxpayer-backed scheme designed to support genuine small businesses through the pandemic. He knew he was not entitled to support yet continued with his fraudulent applications nonetheless. 

    Iheagwara’s business was not trading at the time of his application so he was not entitled to a single penny from the scheme, let alone the £40,000 he fraudulently secured. 

    Tackling Covid support scheme abuse remains a key priority for the Insolvency Service and we will not hesitate to prosecute fraudsters such as Iheagwara who stole from the public purse during a national emergency.

    SJR Recruitment was incorporated in January 2017 with Iheagwara as its sole director. The company’s registered office address was on High Road in Loughton. 

    Iheagwara was also the sole signatory on both company bank accounts which were opened in May 2020, just one month before his first fraudulent application. 

    For both applications, made in June and July 2020, Iheagwara claimed the company’s turnover was £82,000. 

    Iheagwara transferred the first £20,000 loan into his personal account on the same day he received the funds. For the second loan, he moved all £20,000 into his personal account the following day. 

    None of the £40,000 was used for the economic benefit of his business. Insolvency Service analysis of bank statements suggested that the funds were used for everyday expenses and paid to various family members. 

    In interviews, Iheagwara said he spent the funds on rent, paying off personal finance and supporting his children. 

    SJR Recruitment went into liquidation in April 2021. No repayments were made on the loans. 

    The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.

    Further information

    Updates to this page

    Published 19 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: WASHINGTON COUNTY – Lt. Gov. Austin Davis to Highlight Shapiro-Davis Administration’s Investments to Create More Jobs and Build Shovel-Ready Sites for Businesses

    Source: US State of Pennsylvania

    May 19, 2025 – Monongahela, PA

    ADVISORY – WASHINGTON COUNTY – Lt. Gov. Austin Davis to Highlight Shapiro-Davis Administration’s Investments to Create More Jobs and Build Shovel-Ready Sites for Businesses

    Lt. Gov. Austin Davis and state Department of Environmental Protection (DEP) Acting Secretary Jessica Shirley will join state and local leaders and economic development officials for a news conference to highlight investments by the Shapiro-Davis Administration to create more jobs and build shovel-ready sites for businesses Monday, May 19, at 1:30 p.m. at 462 Cracker Jack Rd., Monongahela, PA 15063.

    The Shapiro-Davis Administration is delivering a $250,000 planning grant to the Mon Valley Alliance through the first round of the PA SITES (Pennsylvania Strategic Investments to Enhance Sites) program.

    WHO: Lt. Gov. Austin Davis, DEP Acting Secretary Jessica Shirley, state Sen. Camera Bartolotta, Carroll Township Supervisor Ken Hillman, Fallowfield Township Supervisor Bruce Smith, representatives from the Mon Valley Alliance

    WHAT:
    News conference to highlight investments by the Shapiro-Davis Administration to create more jobs and build shovel-ready sites for businesses

    WHEN:
    Monday, May 19, at 1:30 p.m.

    WHERE:
    462 Cracker Jack Rd.,
    Monongahela, PA 15063

    RSVP:
    Members of the news media who are interested in attending must RSVP to Kirstin Alvanitakis at kirstinalv@pa.gov to receive logistical details.

    Attendees must also complete and submit a waiver.

    MIL OSI USA News –

  • MIL-OSI Global: Sex and disability: Nigerian women share their stories

    Source: The Conversation – Africa – By Obasanjo Bolarinwa, Senior lecturer, York St John University

    Imagine feeling invisible simply because of your body. Now imagine that invisibility extends into how society treats your desires, your safety, and your rights.

    That is the everyday reality for many women with disabilities in developing countries, where 80% of people with disabilities live. And it’s an issue the policymakers must address to promote inclusive policies that reach the most marginalised.

    We are global health researchers and authors of a recent qualitative study that explores the sexual experiences of women with disabilities in Lagos, Nigeria.

    Despite growing global interest in sexual and reproductive health, the voices of women with disabilities have remained largely unheard, especially in low- and middle-income countries such as Nigeria.

    Our research aims to break this silence.

    The women in our study told us they had sexual needs and desires like any other women, but they faced particular challenges such as societal stigma, inadequate access to reproductive health services, widespread misconceptions about contraception and sexual harassment. They suggested how more accessible health services and better legal protection could help them.

    How we did our study

    We spoke to 24 women in Lagos between the ages of 20 and 45. Sixty-seven percent of participants had physical disabilities, while 33% had visual impairments.

    Participants were recruited through local networks and came from a range of educational, employment and marital backgrounds. They were asked open-ended questions in interviews conducted in English, Yoruba or Pidgin.

    We focused on how disability influenced their sexual activity, autonomy, contraceptive use, engagement in risky sexual behaviours, and experiences of sexual violence.

    What we learnt

    Our research found that the women were mostly sexually active and understood their sexual rights.

    However, they faced major barriers:

    • physical limitations

    • poor access to affordable contraceptives

    • misinformation

    • vulnerability to sexual violence, with limited support available

    • widespread stigma that made it difficult for them to express their sexuality freely and safely.

    ‘We are not asexual’

    Many participants rejected the stereotype that they were “asexual” or uninterested in sex. They emphasised they had sexual needs and desires just like any other woman.

    Some participants expressed that being disabled made certain sex positions painful or physically impossible.

    A woman who was in her thirties told us that her husband complained that she couldn’t “do different styles”.

    Other women expressed sadness, frustration, or even guilt for not being able to satisfy their partners, leading to feelings of rejection and abandonment.

    Accessing modern contraceptives was another major issue.

    Some of the women said they were afraid of using contraceptives because of health myths – like the fear that birth control might worsen their disability or cause infertility.

    Others struggled to go to pharmacies because of their limited mobility and obstacles such as being unable to use stairs.

    Several women said they had experienced harassment, assault or rape, often linked to their vulnerability and social isolation.

    One woman described her sexual assault.

    If I were not disabled and nothing was wrong with me, the one that happened to me would not happen. Because of my leg, I didn’t have any energy to shout, and the people that were supposed to assist me did not show up. If I had legs and was complete, the thing that happened to me will not happen.

    A visually impaired woman said she couldn’t defend herself or even recognise her attacker when she was abused.

    Another said:

    If I had legs, that thing would not have happened to me.

    A number of women also spoke about the fear of being blamed or shamed about their sexual harassment experience. Others said people in their communities believed they had no right to complain.

    It’s not all bad

    Still, it wasn’t all despair. The women in the study had clear and actionable suggestions.

    They called for accessible health facilities, better education for men about disability and sex, and more media campaigns to challenge stigma.

    They wanted laws that specifically protected them against sexual harassment and health systems that included them in terms of physical accessibility and financial subsidy.

    Some called for free or subsidised contraceptives or door-to-door services for those unable to travel.

    One participant simply asked for a walking aid so she could visit the hospital when she needed to.

    We are not invisible

    The findings highlight the need for accessible, affordable sexual and reproductive health services tailored to women with disabilities.

    This includes disability-friendly healthcare, public education to challenge stereotypes, stronger legal protections, and initiatives that empower women to assert their rights.

    Society needs to stop pretending that women with disabilities are invisible.
    They are here. They are sexually active. And they have a right to love, pleasure, safety and choice.

    Obasanjo Bolarinwa works for York St. John University, United Kingdom.

    Blessing Babalola works for Federal University Oye-Ekiti.

    CLIFFORD O ODIMEGWU works for the University of the Witwatersrand.

    Aliu Mohammed 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. Sex and disability: Nigerian women share their stories – https://theconversation.com/sex-and-disability-nigerian-women-share-their-stories-254405

    MIL OSI – Global Reports –

  • MIL-OSI Video: Focus Session – TARGET Services: A glance into the future

    Source: European Central Bank (video statements)

    The go-live of the Eurosystem Collateral Management System (ECMS) on 16 June 2025 adds the final piece of the Eurosystem’s puzzle to create a more integrated and innovative European financial infrastructure, as outlined in 2015. Learn more about where we stand today and where we are heading to as we take a glance into future initiatives regarding the TARGET Services.

    https://www.youtube.com/watch?v=SqDNEcpsjM4

    MIL OSI Video –

  • MIL-OSI: Mark Cuban Foundation and Corteva Bring Free AI Bootcamp to Indianapolis, Des Moines Area Teens

    Source: GlobeNewswire (MIL-OSI)

    INDIANAPOLIS, May 19, 2025 (GLOBE NEWSWIRE) — The Mark Cuban Foundation is proud to announce its bootcamp in partnership with Corteva. The program will bring back the highly acclaimed Artificial Intelligence (AI) Bootcamp to Indianapolis, Indiana, while expanding its reach for the first time to Des Moines, Iowa area high schools. This collaboration emphasizes the Foundation’s mission to reach students in underserved and previously unconnected regions, providing them with opportunities to engage with innovative technology.

    Corteva’s global headquarters and crop protection business unit is located in Indianapolis, while its seed business is based in Johnston, Iowa, near Des Moines.

    “We leverage AI tools throughout our innovation pipeline to deliver leading seed and crop protection products to farmers worldwide,” said Brian Lutz, vice president of agricultural solutions at Corteva. “We’re excited to collaborate with the Mark Cuban Foundation for the third consecutive year to help students gain experience with AI, and to understand the remarkable capabilities of this technology.”

    The program aims to provide students with a foundational understanding of artificial intelligence and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation for their future, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

    This free AI Bootcamp is hosted for underserved high school students with a transparent focus on underrepresented communities, first-generation college students, and those from low to moderate-income households. The AI Bootcamp Program provides students with lunch and a snack, transportation assistance, and technology equipment during bootcamp.

    “As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with Corteva, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

    This year’s bootcamps, taking place on November 1st, 8th, and 15th is hosted and staffed by Corteva, a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to deliver solutions for the world’s most pressing agriculture challenges.

    Corteva hosted a camp last year and is one of more than 25 host companies selected to host camps across the U.S. in 2025.

    Apply for the bootcamp at: markcubanai.org.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    To learn more, visit markcubanai.org.

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp

    Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative
    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9th -12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    About Corteva
    Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world’s most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

    The MIL Network –

  • MIL-OSI: Form 8.3 – Craneware Plc

    Source: GlobeNewswire (MIL-OSI)

    8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: Rathbones Group Plc
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Craneware Plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 16/05/2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 No

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p Ord
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 2,118,117 5.98%    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 2,118,117 5.98%    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p Ordinary Shares Sale 110 2180p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? No
    Date of disclosure: 19/05/2025
    Contact name: Chinwe Enyi – Compliance Department
    Telephone number: 0151 243 7053

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at.

    The MIL Network –

  • MIL-OSI: Hyra Holdings Approves $500M Innovation Fund and IPO Roadmap to 2030 at 2025 AGM

    Source: GlobeNewswire (MIL-OSI)

    HANOI, Vietnam, May 19, 2025 (GLOBE NEWSWIRE) — Hyra Holdings, a global innovation group investing in frontier technologies, today announced that shareholders have formally approved three landmark initiatives during its 2025 Annual General Meeting (AGM). These include the launch of the $500 million Hyra Combinator Venture Fund, a major expansion of the company’s decentralized AI infrastructure, and an official roadmap to IPO by 2030.

    The 2025 Annual General Meeting marks a strategic turning point in Hyra Holdings’ global expansion journey

    Accelerating Innovation Across AI, Blockchain, and Web3
    Since 2024, Hyra Holdings has launched three pioneering platforms that redefine the decentralized technology landscape:

    • Hyra Network: A Layer-3 blockchain designed for ultra-scalable, cross-chain Web3 applications.
    • Hyra AI: The world’s first edge-powered, decentralized artificial intelligence infrastructure.
    • Hyra Bid: A reverse auction marketplace powered by blockchain for fair, transparent bidding.

    Hyra’s ecosystem surpassed 1 million global users, with active operations and strategic expansions in Singapore, Dubai, and the United States—positioning the company as a key enabler of the next-generation digital economy.

    2M+ Edge AI Devices and $30M Data Center in Asia
    Hyra AI now powers over 2 million edge AI devices across 205+ countries and territories, delivering a combined 360,000 TFLOPS of compute power—projected to reach 918,000 TFLOPS by the end of 2025.

    “We are shifting the AI paradigm from cloud to edge,” said Chung Tran, Founder and Chairman of Hyra Holdings. “Real-time AI now lives on the devices people already use—smartphones, routers, and personal nodes.”

    To support this decentralized infrastructure, Hyra will begin construction in Q4/2025 on Hyra Zone, a sovereign AI data center based in Asia. The facility’s $30 million Phase 1 investment has already been approved at the AGM.

    $500M Hyra Combinator Fund – Fueling Deep-Tech Ventures
    Hyra’s new venture arm, the Hyra Combinator Fund, aims to raise $500 million by 2030. The fund will utilize a blended capital structure, combining institutional investments, venture partnerships, and public-private co-investment.

    Its goal: incubate and accelerate 150+ startups in the fields of AI, Fintech, Web3, and Quantum Computing—particularly in emerging and undercapitalized markets.

    “We’re not just deploying capital—we’re building the infrastructure, networks, and systems that future innovation depends on,” said Mr. Tran Nam Chung.

    IPO Roadmap: A Hybrid Global Strategy
    Hyra Holdings reaffirmed its IPO roadmap to 2030, evaluating listing options across Singapore, Dubai, and the United States.

    The company will maintain its Hybrid Holding Model, combining centralized strategic direction at the group level with decentralized execution across product companies: Hyra AI, Hyra Network, and Hyra Digital.

    Hyra’s 2030 targets include:

    • 9 core products launched
    • Active presence in 30+ countries
    • 1 billion TFLOPS in decentralized compute power

    About Hyra Holdings
    Hyra Holdings is a global innovation group founded in 2021 and headquartered in Singapore. With operations across Southeast Asia, the Middle East, and the United States, Hyra invests in and builds foundational technologies for the intelligent digital economy—including decentralized AI, Web3 infrastructure, and next-gen digital services. Its portfolio spans product ecosystems, venture funding, and strategic partnerships to enable decentralized innovation and inclusive growth.

    Media Contact
    Website: https://hyraholdings.com
    Press Inquiries: press@hyraholdings.com
    LinkedIn: https://linkedin.com/company/hyraholdings

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/11aef9ad-480a-46c1-b3c3-2f4ef34a5110

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1350a58b-0e96-49d7-9d2c-c4629262fc5f

    The MIL Network –

  • MIL-OSI Global: For a Canadian in London, King Charles’ Royal Garden Party inspires sustainability education

    Source: The Conversation – Canada – By Janice Denoncourt, Associate Professor in Intellectual Property and Innovation Law, Nottingham Trent University

    On a glorious afternoon recently, I had the good fortune to attend a specially themed Education and Skills Garden Party hosted at Buckingham Palace in London to celebrate the contributions of educators in the United Kingdom and beyond.

    As a Canadian citizen living and working in education in the United Kingdom, I was invited to attend by the High Commission of Canada in London.

    The occasion provided a relaxing yet exciting opportunity to reflect on my involvement embedding sustainability into education related to innovation and intellectual property (IP) rights law.

    Royal Gardens as oasis

    King Charles has been a lifelong supporter of sustainability education, which is a new addition to the curricula. For me, the Royal garden and lake beautifully highlighted concerns with sustainability.

    The King’s Royal garden at the Palace is an oasis in the city of London, alive with foliage and wildlife that guests may stroll around and explore. According to the event leaflet: “A survey of the Garden by the London Natural History Society revealed a wealth of flora and fauna, some quite rare species.”

    Garden parties are a special way for members of the Royal Family to speak to a broad range of people, all of whom have made a positive impact on their community. Today these events are a way to recognize and reward public service.

    A network of sponsors is used to invite guests, including lord-lieutenants, societies and associations, government departments and local government, as well as representatives of various churches and other faiths.

    Charles first marked the issue of pollution in 1970 when he was a 21-year-old student. The King continues to champion his lifelong passion regarding the importance of the health of the environment and living sustainably.

    ‘The garden party at Buckingham Palace for Queen Victoria’s Golden Jubilee,’ painting by Frederick Sargent, 1887.
    (Royal Collection (U.K.) 407255/Wikipedia)

    Why intellectual property and sustainability?

    Since 2004, I have been an innovation, intellectual property rights and business law educator. My research group contributed to a publication called The Guide to The Sustainable Development Goals (SDGs), developed to explore the connections between the United Nation’s 17 SDGs, sustainable development and IP.

    Intellectual property is of concern because we need to envision and build a common future with innovation and creativity. How sustainability challenges are overcome depends on the commercialization of new green technology catalysts.

    However, this process is complex. Choosing between solar versus wind, or hydro, geothermal or tidal energy technologies involves making difficult choices. IP rights, such as patents, provide practical scientific information about new green technologies. This information helps society to prioritize public, private and alternative financing to support climate change mitigation and adaptation.

    Canadian firms have patented numerous climate change mitigation technologies.

    For example, the Toronto-based WhalePower has significantly advanced fluid dynamics and has filed Canadian, European Union, United States, Chinese and Indian patents to protect its new technology. Their award-winning invention, inspired by the bumpy flippers of humpback whales, results in more efficient and reliable wind turbine blades.



    Read more:
    Here’s why UK tides are soon going to play a much bigger part in powering your home

    This “tubercle” technology, named for a rounded point of a bone, also has applications for hydroelectric turbines and for revolutionizing fan design. These blades, featuring tubercles (bumps) on the leading edge, reduce aerodynamic drag and improve performance. WhalePower also generates revenue by licensing its patented technology to other companies to use in wind turbines.

    Patents encourage knowledge sharing

    Patents encourage knowledge sharing, because the way the invention works must be disclosed, rather than kept secret.

    For example, new tidal energy inventors can read Whalepower’s patents and be inspired to further advance the new technology with additional incremental innovations.

    A granted patent is published for free online and digitally tagged using globally recognized classification codes to facilitate easy searching by scientists, investors and financiers. The data collected on the patent register is also used to design new climate innovation research studies and inform policy-making.

    In this manner, IP often stimulates investment by providing the legal rights needed to justify longer-term investment in a changing landscape of innovation.

    Long-term investment into green technology is a form of environmental stewardship that I discuss in more detail in my article “Companies and UN 2030 Sustainable Development Goal 9 Industry, Innovation and Infrastructure.” IP rights support firms like Whalepower by enabling knowledge tools that can bring sustainable development goals closer to fruition.

    Patent attorneys and Earthshot Prize

    The significant role of IP rights in promoting sustainability gained a higher profile when the United Kingdom’s Chartered Institute of Patent Attorneys (CIPA) became an Official Nominator for the annual Earthshot Prize launched by Prince William’s Royal Foundation in 2020.

    CIPA helps to identify and nominate solutions for the environmental challenges that the prize aims to address. One nominated solution that uses DNA sequencing and nature’s own colours to create sustainable dyes to reduce the use of water and harmful chemicals in the fashion industry, Colorifix, was a runner-up in the 2023 edition.



    Read more:
    Can marketing classes teach sustainability? 4 key insights

    CIPA provides crucial IP rights checks to finalists, ensuring that their innovations have no outstanding IP issues. This partnership is an example of how the Royal Family works together with CIPA to use the power of IP to help solve sustainability challenges.

    As the King stated when he was Prince of Wales in 2017: “Mine is not a new commitment, but perhaps you will allow me to restate my determination to join you in continuing to do whatever I can, for as long as I can, to maintain not only the health and vitality of the ocean and all that depends upon it, but also the viability of that greatest and most unique of living organisms — nature herself.”

    Janice Denoncourt is affiliated with the British Association for Canadian Studies (BACS)..

    – ref. For a Canadian in London, King Charles’ Royal Garden Party inspires sustainability education – https://theconversation.com/for-a-canadian-in-london-king-charles-royal-garden-party-inspires-sustainability-education-256869

    MIL OSI – Global Reports –