NewzIntel.com

Category: Business

  • MIL-OSI USA: Putting Money Back in New Yorkers’ Pockets

    Source: US State of New York

    Senate Majority Leader Andrea Stewart-Cousins said, “A budget is a statement of values and priorities. While Washington advocates tax cuts for the ultra-wealthy and mega-corporations at the expense of millions of working Americans, we in New York continue to champion the well-being of the middle class. The Senate Democratic Majority has worked with Governor Hochul and the Assembly to deliver a budget that invests in people and addresses the challenges facing New Yorkers. With this enacted budget that includes inflation rebate checks, we have prioritized our state’s working families and individuals, putting money back into the pockets of millions of New Yorkers.”

    Assembly Speaker Carl Heastie said, “These checks will put money back into the pockets of New Yorkers, allowing them to save or spend in a way that makes sense for them. This announcement is another step forward in the Assembly Majority’s mission to make the everyday lives of hardworking families easier and we will continue fighting for a future where no hardworking family has to worry about putting food on the table or keeping a roof over their heads.”

    Queens Borough President Donovan Richards Jr. said, “For the families here in New York City and across New York State living on the sharp edge of poverty, having a little extra cash to help keep a roof over their heads and food on their tables couldn’t be more critical, especially in an economy thrown into chaos by Donald Trump and his tariffs. Queens appreciates the leadership of Governor Hochul, as well as the state Legislature, in making these inflation refund checks possible, and my office will continue to be a proud partner alongside our state leaders in making our borough a more affordable place to call home.”

    Bronx Borough President Vanessa L. Gibson said, “I want to thank Governor Kathy Hochul for her continued commitment to easing the financial burdens facing New Yorkers. The inflation refund checks will provide much-needed support to millions of households across our state, where many families are struggling to make ends meet amid rising costs. This initiative is a clear example of what responsive, people-centered leadership looks like, and I applaud the Governor for putting money back into the pockets of those who need it most.”

    New York City Council Member Carmen De La Rosa said, “I applaud Governor Hochul and the State Legislature for prioritizing fully funded transit improvements in the FY 2026 budget. For Northern Manhattan, this means more accessible stations, cleaner infrastructure, and good union jobs for our communities. In the face of ongoing attacks from the Trump administration on climate action and public transit, this kind of leadership is more important than ever. These investments are critical to building a more equitable, sustainable, and inclusive transit system for all New Yorkers.”

    New York City Council Member Chris Banks said, “New Yorkers have been suffering at the hands of inflation for far too long. Inflation has driven prices up far beyond livable for many low-income communities. I support Governor Hochul, in making the decision to put money back in tax payers pockets. These checks may be the difference between a family eating or being able to pay rent. It’s time to give hard working New Yorkers their money back, and let them spend it how they choose.”

    New York City Council Member Simcha Felder said, “More money in people’s pockets is always a good thing!”

    Over 8 million New Yorkers will get an inflation refund because it’s simple — this is your money and we’re putting it back in your pockets.”

    Governor Kathy Hochul

    Inflation has driven the costs of everyday necessities higher and as a result, the State’s revenue from the collection of sales tax has also increased. Governor Hochul believes that money belongs to hardworking New York families and should be put back in their pockets as an inflation refund — and that’s why 8.2 million households statewide will receive a check this fall.

    Starting today, New Yorkers can visit ny.gov/inflationrefund for more information on eligibility and other details.

    Who’s Eligible for an Inflation Refund Check?

    You are eligible for an inflation refund check if, for tax year 2023, you:

    • Filed Form IT-201, New York State Resident Income Tax Return;
    • Reported income within the qualifying thresholds below; and
    • Were not claimed as a dependent on another taxpayer’s return.

    Joint tax filers with income up to $150,000 will receive a $400 check.

    Joint tax filers with income over $150,000 but no greater than $300,000 will receive a $300 check.

    Single tax filers with income up to $75,000 will receive a $200 check.

    Single tax filers with incomes over $75,000 but no greater than $150,000 will receive a $150 check.

    There are no age restrictions. Filers do not need to do anything to receive an inflation refund check. If you filed a tax return, are below the income thresholds, and no one else claimed you as a dependent, you will receive a check.

    When Will Checks Be Delivered?

    Checks will be mailed across the state starting in October, and deliveries will continue through November.

    Your check may arrive earlier or later than your neighbors, as mailings will not be based on zip code or region.

    Additional information from the New York State Tax Department can be seen at ny.gov/inflationrefund.

    Embedded Flickr Album

    Regional Breakdown

    Inflation refund checks will be sent this fall to 8.2 million households throughout all corners of New York State. A breakdown of the number of checks going to each region can be seen below.

    Region

    Number of Recipients

    New York City

    3.53 million

    Long Island

    1.25 million

    Mid-Hudson

    924,000

    Western New York

    585,000

    Finger Lakes

    513,000

    Capital Region

    475,000

    Central New York

    321,000

    Southern Tier

    251,000

    Mohawk Valley

    198,000

    North Country

    156,000

    TOTAL

    8.2 million

    MIL OSI USA News –

  • MIL-OSI USA: Florida Man Pleads Guilty to Conspiracy to Defraud the United States

    Source: US State of California

    Defendant’s Scheme Caused $3M Loss to the U.S. Treasury

    Last week, a Florida man pleaded guilty before Magistrate Judge David A. Baker for the Middle District of Florida to conspiring to defraud the United States by filing false tax returns for clients. The plea must be accepted by a U.S. district court judge.

    The following is according to court documents and statements made in court: Diandre Mentor, of Miami, worked for a tax return preparation company between January 2017 and 2019 named Neighborhood Advance Tax (NAT). Mentor and his co-conspirators operated a dozen offices throughout Florida that fraudulently inflated client tax refunds by fabricated deductions on their returns. Mentor and his co-conspirators also held periodic training sessions at which they taught other NAT employees how to prepare fraudulent tax returns.

    In 2020, Mentor and his co-conspirators started their own tax return preparation business named Smart Tax & Finance that eventually expanded to 12 franchise locations throughout South and Central Florida. As with Neighborhood Advance Tax, Mentor and his co-conspirators prepared false tax returns for clients, including by fabricating deductions. As before, Mentor and his co-conspirators also taught franchise owners and employees how to prepare false returns for clients.

    In total, Mentor caused a tax loss to the IRS of $3,090,077.

    Several of Mentor’s co-conspirators previously pleaded guilty. Abryle Y De La Cruz and Emmanual Almonor pleaded guilty to conspiring to defraud the United States. Adon Hemley pleaded guilty to conspiring to defraud the United States and to aiding the preparation and filing of false returns. Isaiah Hayes pleaded guilty to aiding the preparation and filing of false returns. The two remaining co-conspirators, Franklin Carter Jr. and Jonathan Carrillo, are scheduled to go to trial on June 2.

    Mentor will be sentenced at a later date. He faces a maximum penalty of five years in prison as well as a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and U.S. Attorney Gregory W. Kehoe for the Middle District of Florida made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Michael L. Jones of the Tax Division and Assistant U.S. Attorney Megan Testerman for the Middle District of Florida are prosecuting the case.

    MIL OSI USA News –

  • MIL-OSI Security: Florida Man Pleads Guilty to Conspiracy to Defraud the United States

    Source: United States Attorneys General 2

    Defendant’s Scheme Caused $3M Loss to the U.S. Treasury

    Last week, a Florida man pleaded guilty before Magistrate Judge David A. Baker for the Middle District of Florida to conspiring to defraud the United States by filing false tax returns for clients. The plea must be accepted by a U.S. district court judge.

    The following is according to court documents and statements made in court: Diandre Mentor, of Miami, worked for a tax return preparation company between January 2017 and 2019 named Neighborhood Advance Tax (NAT). Mentor and his co-conspirators operated a dozen offices throughout Florida that fraudulently inflated client tax refunds by fabricated deductions on their returns. Mentor and his co-conspirators also held periodic training sessions at which they taught other NAT employees how to prepare fraudulent tax returns.

    In 2020, Mentor and his co-conspirators started their own tax return preparation business named Smart Tax & Finance that eventually expanded to 12 franchise locations throughout South and Central Florida. As with Neighborhood Advance Tax, Mentor and his co-conspirators prepared false tax returns for clients, including by fabricating deductions. As before, Mentor and his co-conspirators also taught franchise owners and employees how to prepare false returns for clients.

    In total, Mentor caused a tax loss to the IRS of $3,090,077.

    Several of Mentor’s co-conspirators previously pleaded guilty. Abryle Y De La Cruz and Emmanual Almonor pleaded guilty to conspiring to defraud the United States. Adon Hemley pleaded guilty to conspiring to defraud the United States and to aiding the preparation and filing of false returns. Isaiah Hayes pleaded guilty to aiding the preparation and filing of false returns. The two remaining co-conspirators, Franklin Carter Jr. and Jonathan Carrillo, are scheduled to go to trial on June 2.

    Mentor will be sentenced at a later date. He faces a maximum penalty of five years in prison as well as a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and U.S. Attorney Gregory W. Kehoe for the Middle District of Florida made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Michael L. Jones of the Tax Division and Assistant U.S. Attorney Megan Testerman for the Middle District of Florida are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI: Credit Agricole Sa: GENERAL MEETING OF CRÉDIT AGRICOLE S.A.

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Montrouge, 14 May 2025

    GENERAL MEETING OF CRÉDIT AGRICOLE S.A.

    The General Meeting of Shareholders of Crédit Agricole S.A. was held in Paris on Wednesday, 14 May 2025, in the presence of Chairman, Dominique Lefebvre, and Chief Executive Officer, Philippe Brassac.

    Over 1 700 people attended the General Meeting, either physically or remotely.

    With a quorum of 80,37%, the General Meeting approved all the resolutions put forward by the Board of Directors. All resolutions received a score of over 84% except for resolution A, which was rejected by more than 95%.

    Nearly 15 500 shareholders voted prior to the General Meeting, 78% of which voted online.

    Following the approval of the financial statements for the year ended 31 December 2024, the Crédit Agricole S.A. Ordinary General Meeting confirmed a dividend payout of €1.10 per share.

    In addition, the General Meeting appointed Olivier Desportes, Chairman of the Regional Bank of Côtes d’Armor, as a Director to replace Louis Tercinier, who has reached the statutory age limit.

    The General Meeting ratified the co-optation of Gaëlle Regnard, Chief Executive Officer of the Loire Haute-Loire Regional Bank, as Director to replace Hugues Brasseur as of 26 March 2025.
    The General Meeting also renewed the terms of Dominique Lefebvre, Pierre Cambefort, Jean-Pierre Gaillard and Christine Gandon.

    The Board of Directors, which met following the General Meeting, re-appointed Dominique Lefebvre as Chairman. On the proposal of Olivier Gavalda, the new Chief Executive Officer of Crédit Agricole S.A. since may 14, Jérôme Grivet has been appointed as sole Deputy Chief Executive Officer and second executive director.

    The Board of Directors, chaired by Dominique Lefebvre, warmly thanked Philippe Brassac and Xavier Musca for their commitment to the development of the Crédit Agricole Group in recent years.

    Crédit Agricole S.A. press contacts
    Alexandre Barat: 06 19 73 60 28 – alexandre.barat@credit-agricole-sa.fr
    Olivier Tassain: 06 75 90 26 66 – olivier.tassain@credit-agricole-sa.fr
    All our press releases can be found at: https://www.credit-agricole.com/en

            @Credit_Agricole            Groupe Crédit Agricole

    Customer Relations contacts – individual shareholders
    Freephone: +33 (0) 800 000 777 – relation@actionnaires.credit-agricole.com

    Customer Relations contacts – registered shareholders
    +33 1 57 78 34 31 – ct-contactcasa@uptevia.com

    Customer Relations contacts – institutional investors
    +33 1 43 23 04 31 – investor.relations@credit-agricole-sa.fr

    Attachment

    The MIL Network –

  • MIL-OSI: TMD Energy Limited Reports 2024 Full-Year Results

    Source: GlobeNewswire (MIL-OSI)

    Kuala Lumpur, Malaysia, May 14, 2025 (GLOBE NEWSWIRE) — TMD Energy Limited (NYSE: TMDE) (the “Company” or “TMDEL”), together with its subsidiaries (the “Group” or “TMDEL Group”) is a Malaysia and Singapore based service provider engaged in integrated bunkering services segment which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today reported its financial results for the fiscal year ended December 31, 2024.

    Fiscal Year 2024 Financial Results Highlights

    • Group Revenue increased by 8.8% to $688.6 million in FY2024 from $633.1 million in FY2023.  Notably, revenue from our Bunkering Services Segment rose by $55.5 million.
    • Despite revenue grew by 8.8%, gross profit surged 32.7% to $16.0 million, with gross margin improving to 2.3% in FY2024 from 1.9% in FY2023.
    • Income from operations increased substantially by more than 130% to $6.0 million in FY2024 from $2.6 million in FY2023.
    • Net income remained stable at $1.9 million in FY2024, compared to $2.0 million for FY2023.

    Dato’ Sri Kam Choy Ho, Director and Chief Executive Officer of the Company commented, “In FY2024, the Company experienced sustainable revenue growth, primarily driven by the success of our Bunkering Services Segment.  Revenue notably increased by 8.8% in FY2024 to over $688 million, while net income remained stable at about $1.9 million, compared to $2.0 million a year earlier.”

    “The Bunkering Services Segment accounted for most of our revenue and net income, which benefited from improved operational efficiency and an expanding customer base. The redeployment of a vessel from vessel chartering services to the bunkering segment further enhanced our bunkering capacities, allowing us to better meet our client growing needs.”

    “Looking ahead, we recognize the importance of maintaining this momentum. Our focus will remain on optimizing balance sheet by enhancing our operational efficiencies and exploring new customer opportunities in the bunkering sector.  With our existing internal team of ship managers who are qualified professional mariners, we aim to continue growing our ship management revenue by targeting our existing bunkering client and external clients.  We’ll also maintain competitive pricing via our supplier leverage and transparent practices as we stay committed to leveraging our strengths to drive sustainable growth and deliver value to our stakeholders.”

    Financial Performance Overview

    Our Group reported an overall revenue of $688.6 million for FY2024, an increase of 8.8%, or equivalent to $55.5 million from $633.1 million in FY2023 due to rise in contribution from the Bunkering Services Segment.  This segment which contributed more than 99% of the Group’s revenue had enjoyed a 6.0% increase in the volume of oil cargo bunkered as our Group expanded its customer base.  Meanwhile, the Ship Management Segment had contributed the remaining $0.4 million of the Group’s revenue.

    We recorded an overall increase of 32.7% in our gross profit, or equivalent to $3.9 million, to $16.0 million for FY2024 from $12.1 million in FY2023.  As we strategically focus on penetrating new markets and expanding our customer base, we had managed to improve our gross profit margin from 1.91% in FY2023 to 2.33% in FY2024.

    General and administrative expenses had increased by $0.1 million in FY2024 to $5.2 million from $5.1 million as we participated in environmental, social and governance activities as part of our commitment to a sustainable green environment and incurring additional travelling expenses for our business expansion.

    Depreciation had increased by $0.5 million from $4.3 million in FY2023 to $4.8 million in FY2024 as we continued to maintain and dry-dock our vessels periodically to ensure their sea worthiness and condition when carrying out a safe and efficient bunkering operation.

    Interest expense had increased by $2.4 million to $4.6 million in FY2024, up from $2.2 million in FY2023 as higher volume of trade financing facilities were utilized to meet the increase in volume of oil cargo bunkered.

    Overall, net income remained stable at $1.9 million in FY2024, compared to $2.0 million for FY2023.

    About TMD Energy Limited

    TMD Energy Limited and its subsidiaries are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessels chartering. As of today, TMDEL Group operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels. 

    For more information about our Company and its business activities, please visit our website at: www.tmdel.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including but not limited to, the Company’s Offering.  These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, result of operations, business strategy and financial needs.  Investors can identify these forward-looking statements by words or phrases such as “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology.  The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.  Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s financial results filings with the SEC.

    For investor and media inquiries, please contact:

    TMD ENERGY LIMITED
    e-Mail : corporate@tmdel.com

    WFS INVESTOR RELATIONS
    e-Mail : services@wealthfsllc.com

    The MIL Network –

  • MIL-OSI: Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) Increases Quarterly Distribution 23% to $0.16 Per Share From $0.13 Per Share

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (the “Fund”) declared a $0.16 per share cash distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025. The $0.16 quarterly distribution is a 23% increase from $0.13 per share, bringing the annual distribution rate to $0.64 from $0.52 per share. The increase follows on the strength of the Fund’s market total return of 27% in 2024.

    The Fund intends to pay the greater of either an annual distribution of 5% of the Fund’s trailing 12-month average month-end market prices or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies.

    Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

    All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and with income that exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

    If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

    Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid in 2025 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2025 would include approximately 19% from net investment income and 81% from net capital gains on a book basis. This information does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website. The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Bethany Uhlein
    (914) 921-5546

    About Ellsworth Growth and Income Fund
    Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with $186 million in total net assets. ECF invests primarily in convertible securities and common stock with the objectives of providing income and the potential for capital appreciation, objectives the Fund considers to be relatively equal over the long-term due to the nature of the securities in which it invests. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE American: ECF
    CUSIP – 289074106

    ELLSWORTH GROWTH AND INCOME FUND LTD.
    Investor Relations Contact:
    Bethany Uhlein
    914.921.5546
    buhlein@gabelli.com

    The MIL Network –

  • MIL-OSI: Parsa Launches First Exchange for Range Perpetuals: A New Way to Trade Onchain Volatility

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 14, 2025 (GLOBE NEWSWIRE) — Perpetual futures have been the go-to trading instrument in crypto for years. They’re efficient, familiar, and easy to use. But they only let traders take one kind of position: up or down. Options offer more flexibility, but high costs and complexity have hindered their adoption onchain.

    Parsa is introducing Range Perpetuals, a derivative designed around trading price ranges instead of just price direction. The protocol is now live on mainnet, launching with its first market — SOL Daily.

    Range Perps lets traders choose a specific price band, like $145 to $150, and earn depending on the precision of the price prediction. This structure opens up strategies that aren’t possible with traditional perps; traders can now benefit from sideways markets, build positions around volatility, or take views on how duration the price of the underlying asset will stay within a zone. The mechanics are simple, but the strategies can be as nuanced as traders want them to be.

    Parsa is the first exchange built specifically for this kind of trading. It uses a tick-based system where each range has its own price, and all trades settle through the protocol itself without the need for traditional liquidity providers. The trading interface is straightforward and updates in real time, showing clear yield and PnL for each position. More assets and shorter or longer timeframes will roll out soon.

    “Perps changed the game for DeFi trading, but they don’t capture everything,” said Niteesh Settypalli, cofounder. “Range Perps let you trade how the market behaves, not just up or down.”

    In traditional finance, traders have long used volatility-focused products to express more complex views on the market with U.S. options markets alone clearing over 12 billion contracts in 2024, representing trillions in notional exposure. Range Perps bring that concept onchain in a way that’s simple to use and built for crypto.

    Parsa is now live at parsa.finance, with more updates coming soon.

    About Parsa

    Parsa is the first decentralized exchange for Range Perpetuals, a new class of onchain derivatives that allow traders to earn funding yield within defined price bands. Founded by a team of DeFi-native builders and researchers, Parsa makes it possible to trade volatility, time, and price behavior through a simple, composable product built for the next generation of crypto markets.

    Contact:
    Niteesh Settypalli
    niteesh@parsalabs.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98ff3c55-80ca-4a94-a077-baa35186d233

    The MIL Network –

  • MIL-OSI Economics: Reimagining WTO Dispute Settlement: a business case for mediation

    Source: International Chamber of Commerce

    Headline: Reimagining WTO Dispute Settlement: a business case for mediation

    Mediation: A forgotten piece in WTO dispute resolution

    Most trade frictions never reach WTO dispute settlement. Many business concerns – licensing delays, technical barriers or opaque procedures – disrupt trade but are too small, sensitive or costly to escalate to formal dispute settlement.

    That’s where alternative dispute resolution (ADR), and more specifically mediation, comes in. WTO rules already allow for it, but the tool has not been used, among other things, due to a lack of clear procedures.

    That’s changing.

    As part of the WTO reform process, WTO Members are discussing procedural rules to make mediation a workable option – and we can help accelerate this process by supporting governments willing to pilot mediation in practice.

    Why it matters

    For business

    Companies face real costs from unresolved trade frictions. Mediation offers a practical and quicker way to resolve issues – and businesses can help identify where it’s needed.

    For governments

    Mediation gives WTO Members a lower-risk, lower-cost path to resolve trade issues early. It is especially important for developing countries that may lack resources for litigation.

    The benefits of WTO mediation

    • Enables early, informal resolution of trade concerns
    • Reduces time, cost, and legal burden
    • Promotes cooperation—not confrontation
    • Offers a flexible and confidential process
    • No imposed ruling—outcomes are mutually agreed

    What we are doing

    ICC is advocating for the use of ADR, and in particular mediation within the WTO dispute settlement system as part of broader reform efforts. Drawing on ICC’s extensive experience as the world’s leading institution in cross-border dispute resolution, we’re supporting efforts to make mediation a practical option for resolving trade frictions more effectively.

    How you can get involved

    We are actively seeking companies with unresolved trade concerns who are willing to engage their governments in pilot mediation cases. These cases can help demonstrate how WTO mediation can deliver fast, practical outcomes and strengthen trust in the rules-based system.

    Contact Valerie Picard, Head of Trade, ICC, Valerie.Picard@iccwbo.org to learn more or explore a pilot case.

    Related publications

    MIL OSI Economics –

  • MIL-OSI USA: Fact Sheet: President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

    US Senate News:

    Source: The White House
    MAKING AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   
    The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.
    Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States’ success. 
    The following represent just a few of the many groundbreaking deals secured in Qatar:
    Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
    McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
    Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
    Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology.  

    Today’s signings mark President Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar security  partnership—enhancing regional deterrence and benefitting the U.S. industrial base.
    The defense deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading U.S. defense companies.
    Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
    General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
    The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.

    These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.
     CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. 
    Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.
    The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
    In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.
    Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.

    This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.
    Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. 
    Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
    Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.

    Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.
    Qatar’s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   
     THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back “Made in America” and usher in a new Golden Age of prosperity.
    Today’s announcement builds on yesterday’s $600 billion investment commitment secured in Saudi Arabia.
    It also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. 
    By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.
    Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.
    President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.
    As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.

    MIL OSI USA News –

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

    Source: The White House

    MAKING AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   

    • The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.
    • Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States’ success. 
    • The following represent just a few of the many groundbreaking deals secured in Qatar:
      • Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
      • McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
      • Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
      • Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology.  
    • Today’s signings mark President Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar security  partnership—enhancing regional deterrence and benefitting the U.S. industrial base.
      • The defense deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading U.S. defense companies.
      • Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
      • General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
      • The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.
    • These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.

     
    CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. 

    • Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.
    • The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
      • In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.
      • Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.
    • This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.
      • Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. 
      • Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
      • Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.
    • Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.
    • Qatar’s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   

     
    THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back “Made in America” and usher in a new Golden Age of prosperity.

    • Today’s announcement builds on yesterday’s $600 billion investment commitment secured in Saudi Arabia.
    • It also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. 
    • By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.
    • Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.
    • President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.
    • As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.

    MIL OSI USA News –

  • MIL-OSI USA: News 05/14/2025 Blackburn, Blumenthal, Thune, and Schumer Introduce the Kids Online Safety Act

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – Today, U.S. Senators Marsha Blackburn (R-Tenn.) and Richard Blumenthal(D-Conn.) were joined by U.S. Senate Majority Leader John Thune (R-S.D.) and U.S. Senate Minority Leader Chuck Schumer (D-N.Y.) in introducing the bipartisan Kids Online Safety Act (KOSA). Last July, the Senate approved KOSA – the first major reform to the tech industry since 1998 – in an overwhelming 91-3 bipartisan vote. 

    “Big Tech platforms have shown time and time again they will always prioritize their bottom line over the safety of our children, and I’ve heard too many heartbreaking stories to count from parents who have lost a child because these companies have refused to make their platforms safer by default,” said Senator Blackburn. “We would never allow our children to be exposed to pornography, sexual exploitation, drugs, alcohol, and traffickers in the physical space, but these platforms are allowing this every single day in the virtual space. Congress must not cave to the wills and whims of Big Tech, and we must not be bullied into submission. Now is the time to stand up and protect future generations from harm by passing KOSA.”   

    “Senator Blackburn and I made a promise to parents and young people when we started fighting together for the Kids Online Safety Act – we will make this bill law. There’s undeniable awareness of the destructive harms caused by Big Tech’s exploitive, addictive algorithms, and inescapable momentum for reform,” said Senator Blumenthal. “I am grateful to Senators Thune and Schumer for their leadership and to our Senate colleagues for their overwhelming bipartisan support. KOSA is an idea whose time has come – in fact, it’s urgently overdue – and even tech companies like X and Apple are realizing that the status quo is unsustainable. Our coalition is bigger and stronger than ever before, and we are committed to seeing this measure protecting children on the internet signed into law.”

    “I have been a longtime advocate for holding Big Tech accountable for its manipulative algorithms,” said Majority Leader Thune. “Consumers deserve more transparency about how these platforms amplify and suppress content, which is why I’m proud to support the Kids Online Safety Act. Senator Blackburn has done a tremendous amount of work to deliver a bill that takes real steps to empower families and mitigate the harm social media can do to children, and I’m grateful for her leadership on the issue.”

    “I am proud to support this bipartisan legislation which provides necessary guardrails to protect our kids. Too many kids have had their personal data collected and used nefariously. Too many families have lost kids after they took their own lives because of what happened to them on social media,” said Minority Leader Schumer. “I thank these brave parents and families for sharing their stories. Keeping our kids safe from online threats should not be a partisan issue, I thank my Senate colleagues for championing these bills and I look forward to swift passage.”

     BACKGROUND

    • Last month, bombshell reporting revealed Meta’s latest failure to protect minors from harm after AI-powered digital chatbots engaged in sexually explicit discussions with underaged users on its platforms. Following this report, Senators Blackburn and Blumenthal sent a letter demanding accountability. 
    • Earlier this month, an additional report revealed Instagram’s automated software systems recommended child groomers connect with minors on the app and made it easier for them to find victims, according to a 2019 internal document presented by the Federal Trade Commission (FTC). The report noted that minors made up 27% of the follow recommendations that the social media app surfaced to groomers, and about one-third of the reports flagging inappropriate comments to the company came from minors.
    • The bill text introduced today was first announced in December and is the same language approved by the Senate with several changes to further make clear that KOSA would not censor, limit, or remove any content from the internet, and it does not give the FTC or state Attorneys General the power to bring lawsuits over content or speech.
    • KOSA is strongly supported by a broad coalition of parents who have tragically lost their children or whose kids have been severely harmed by Big Tech, young people who want to regain control over their online lives, and hundreds of advocacy groups and experts who study and see the negative effects of social media firsthand in their communities.

     ENDORSEMENTS 

    This legislation has been endorsed by more than 250 national, state, and local organizations. Today, Appleannounced its endorsement of the legislation, and the bill has also garnered broad conservative support from key advocates like Elon Musk, Donald Trump Jr., Kellyanne Conway, Harmeet Dhillon, Richard Grenell, Sebastian Gorka, and more.

    “Apple is pleased to offer our support for the Kids Online Safety Act (KOSA). Everyone has a part to play in keeping kids safe online, and we believe [this] legislation will have a meaningful impact on children’s online safety,” said Timothy Powderly, Senior Director, Government Affairs, Americas, Apple.

    “I lost my 16-year-old son Mason in November of 2022 when he took his own life. This was only after he was inundated for several weeks by TikTok videos promoting suicide. There are no words to express the pain my family now lives with every single day. Big Tech will always put their profits over the safety of American children and it is my hope that this bipartisan legislation will quickly pass through the current Congress. Unlike Big Tech there is nothing more important to American families than our children and we need help to protect them from these dangerous platforms.” said Jennie Deserio, mother of Mason James Edens, forever 16. 

    “We are so grateful to Senators Blackburn and Blumenthal for reintroducing the Kids Online Safety Act as the need for this bill remains profound. . We have waited and fought long enough, yet our children continue to face severe harms in online spaces where they should feel safe. This legislation is a collective plea from parents, like me, and in remembrance of my daughter Annalee, for meaningful social media reform. Another Mother’s Day and another full year has passed without my daughter and with our children’s futures at stake. It’s past time for change. Children deserve to have their voices heard, their rights protected, and their well-being prioritized by Congress,” said Lori Schott, mother of Annalee Schott, forever 18.

    “I am so relieved today that Senators Blackburn and Blumenthal have reintroduced the Kids Online Safety Act (KOSA). Yet, it’s only a small victory – we still desperately need Congress to actually act on this popular, bipartisan bill and make it law. My daughter, Emily, died by suicide after a year of intense cyberbullying when she was only 17. Last year, we were so close to protecting other children from the same unthinkable fate when the Senate passed this bill and it was heartbreaking when it later stalled in the House. Too many parents like me have paid the ultimate price because of Big Tech’s greed and recklessness towards children’s lives. Our lawmakers must no longer allow this to continue unchecked. This must end now by passing KOSA,” said Erin Popolo, mother of Emily Michaela Murillo, forever 17.

    “I am so thankful for brave leaders like Senator Marsha Blackburn and Senator Richard Blumenthal who are willing to stand-up to Big Tech and support the Kids Online Safety Act (KOSA), a popular bipartisan bill that will provide important protections for youth online. My 17-year-old son, Alex Peiser, died by suicide after he was bullied online and sent pro-suicide memes on his private Instagram account, three days after a break-up.  If KOSA had been in effect, protections would have been in place that might have prevented his death.  Congress had a remarkable opportunity last year to make KOSA law and implement the first reforms of social media in more than 25 years. They can stand together now for children’s online safety by passing KOSA this session without delay,” said Sharon Winkler, mother of Alex Peiser, forever 17.

    “I lost my son Walker December 1, 2022, to suicide after he became  a victim of sextortion. Walker was attacked through Instagram where a man from Nigeria was able to extort him over a sexually explicit video. Today, I attended Walker’s school where we honored the  seniors. Walker’s classmates are graduating this week and he should be there. As long as tech companies have the ability to self-regulate we will continue to lose other teens just like Walker. Thank you Senator Blackburn and Blumenthal for standing up to this industry,” said Brian Montgomery, father of Walker Montgomery, forever 16. 

    “For years, grieving parents have shown up to tell their stories, and Congress has promised to act. The Kids Online Safety Act (KOSA) has been vetted, revised, and supported by both parties—and it would give families the tools they desperately need to protect their children. After coming so close last year, there’s no excuse for letting this moment slip away, KOSA’s reintroduction is a second chance we cannot afford to waste,” said Maurine Molak, mother of David Molak, forever 16, co-founder of David’s Legacy Foundation & ParentsSOS.

    “Thank you Senators Blackburn and Blumenthal for your leadership with the Kids Online Safety Act (KOSA). Our son, Devin Norring, died at the age of 19 to fentanyl poisoning after a drug dealer connected with him on Snapchat. Devin was just trying to manage his pain during the COVID lockdown from a cracked molar, but instead he was targeted and lost his life. No parent should ever have to endure this immense pain that we are now forced to live with every day. KOSA is a vital step toward giving families the tools they need to protect their children online while also holding tech companies accountable. Your efforts mean more than we could ever express to families like ours who are fighting every single day to make sure this doesn’t happen to anyone else,” said Bridgette & Tom Norring, parents of Devin Norring, forever 19.

    “We are so proud of and encouraged by Senator Blumenthal’s and Senator Blackburn’s reintroduction of KOSA. This legislation is timely and needed for America’s children and families. We still feel the loss of our son, Matthew E. Minor, every day. Matthew was a bright and loving child who, at age 12 was exposed to a viral online challenge sent to him by social media’s relentless algorithms. Tragically, he tried it, and accidentally asphyxiated himself. Every delay in passing this bill means putting more of our precious children’s lives at risk. We live with the overwhelmingly tragic memories of losing our child constantly and want to keep other families from experiencing the same pain . As a nation, we are as complicit as Big Tech if we do nothing to improve the safety of social media. Regulations, like those required in KOSA, should be in place to help mitigate online harms.  It’s time that Congress says yes to keeping our children safe online. Pass KOSA Now!!” said Todd & Mia Minor, Parents of Matthew E. Minor, forever 12, co-founders of the Matthew E. Minor Awareness Foundation.

    “The shattering loss of my joyful daughter Grace thirteen years ago compelled me to repeatedly speak out about social media dangers to anyone who would listen. Smartphones and social media were new then and I felt I had an alarm bell to ring. That bell is still clanging and though risk and harm to our children is now clear, rescue has failed to arrive and children are still dying. Senators Blumenthal and Blackburn bring hope with the reintroduction of Kids Online Safety Act (KOSA). Last year, Senators of all stripes sat down with parents, shared our grief, learned about the many and varied harms our children suffered, and then passed KOSA by a resounding 91 to 3 vote. It should have been smooth sailing through the U.S. House as well, but Leadership wouldn’t even meet with parents or bring this lifesaving legislation to the floor for a vote. If they fail once more, it won’t be for lack of evidence. It will be because they chose Big Tech’s money over the lives of American children again,” said Christine Pfister McComas, mother of Grace, forever 15, Grace McComas Memorial.

    “I lost my son, Erik Robinson to accidental asphyxiation 15 years ago when he was just 12-years-old because of a viral challenge that others had promised was “safe.” Back then we had no idea that algorithms targeted kids with such dangerous material. However, we now know that these platforms are only out to make money and do not care how their platforms target and affect children. It breaks my heart that thousands of other kids have also died since Erik’s death as a result of an immense menu of harms that target kids online. Legislation like the Kids Online Safety Act (KOSA) would help mitigate many of these harms and save lives. I urge Congress to say “yes” and help keep kids safe with KOSA,” said Judy Rogg, mother of Erik Robinson, forever 12, Co-founder and Director of Erik’s Cause.

    “It’s been more than four years since I lost my son, Riley, to suicide when he was only 15 years old after a sinister stranger found him on Facebook and sextorted him. One of the few ways I’ve found to cope since then is to advocate for social media reforms that will protect other children from the abuse Riley experienced. Which is why the reintroduction of the Kids Online Safety Act (KOSA) is so critical. This transformative legislation will finally hold Big Tech accountable for the algorithms and designs they use to prey on the most vulnerable among us simply because it adds to their hefty bottom line. It’s unconscionable and Congress must step in now to require they create a safer product, because we know they can. KOSA will do just that,” said Mary Rodee, mother of Riley Basford, forever 15. 

    “My world imploded in May 2019 when my 15-year-old son Mason died of accidental asphyxiation. The cause? The ‘blackout challenge,’ a viral social media trend. No child should die because they were innocently scrolling online and no product manufacturer, in this case Big Tech, should be allowed to peddle such harmful products. Cars have to have seat belts. Milk has to have an expiration date. Social media platforms should be required to have meaningful, effective, safety features as well. The Kids Online Safety Act (KOSA) includes those necessary guardrails by mandating a change to the algorithms that send kids such destructive content unsolicited. If Congress would finally pass this bill and make it law, it would be a complete game-changer for children and families across America.” said Joann Bogard, mother of Mason Bogard, forever 15.

    “There’s a lie going around that vigilant parents – the ones who regularly check their children’s phones, read their texts, are “friends” on their feeds – can keep their kids safe online. I learned in the absolute worst way how untrue this is. I lost my daughter Coco, just 17, after an Instagram drug dealer sold her counterfeit Percocet laced with fentanyl. We parents are no match for Big Tech and their multi-million-dollar lobbying arm working tirelessly to keep their products unregulated so they can earn billions off of our kids, no matter the harm caused along the way. The Kids Online Safety Act (KOSA), would finally put an end to this uncontrolled greed and I know it would have saved Coco’s life. It came so close to passage last year and I am so grateful to Senators Blackburn and Blumenthal for not giving up and reintroducing it again now. I can only hope this time around their Congressional colleagues will see fit to choose kids over Big Tech’s profits and make KOSA law once and for all,” said Julianna Arnold, mother of Lucienne “Coco” Konar, forever 17.

    “My daughter McKenna was an accomplished athlete and scholar, kind to her core, and deeply loyal to those she loved. She had such a promising, rich, life ahead of her. But three years ago she died by suicide after being horribly cyberbullied on social media. She was only 16. Had the Kids Online Safety Act (KOSA) been law, I am certain she would still be with us today. This bill requires that social media platforms take a safety-by-design approach, which is the precise opposite of their profits-at-any-cost approach right now. KOSA would make sure that too-often lethal harms like cyberbullying are no longer allowed to run rampant, ruining children’s and family’s lives forever. Thank you to Senators Blumenthal and Blackburn for reintroducing this life-saving bill. I urge every lawmaker in D.C. to pass KOSA without delay,” said Cheryl Brown, mother of McKenna Brown, forever 16. 

    “My son Bubba was just 13 years old when he died by accidental asphyxiation after trying a so-called viral ‘challenge’ he saw online. He was a brilliant student, full of promise, and he never should have been exposed to content that could cost him his life. That responsibility lies with Big Tech CEOs who have built business models that exploit our children’s attention with no regard for their well-being. Last year, the Senate overwhelmingly passed KOSA, proving that protecting kids online is not a partisan issue. But the House failed to act. That’s why I’m incredibly grateful to Senators Blumenthal and Blackburn for reviving this critical bill. KOSA is long overdue. I truly believe my son would still be here today if these safeguards had been in place. My plea to lawmakers is simple: Congress hasn’t passed a single meaningful law to protect kids online in 25 years. How many more children have to die before you finally hold Big Tech accountable?” said Annie McGrath, mother of Griffin “Bubba” McGrath, forever 13.

    “I have sat across from lawmakers on both sides of the aisle and told Becca’s story time and again. And still, there are no meaningful protections in place to prevent this from happening to another child. That is why the Kids Online Safety Act is so important. KOSA would finally require companies to design for safety instead of profit and give parents a fighting chance to protect their kids. I urge every member of Congress: do not let another year pass without action. Our children deserve better,” said Deb Schmill, mother of Becca Schmill, forever 18, Founder of the Becca Schmill Foundation. 

    “Selena was just 11 when she died by suicide after being exploited and overwhelmed on social media. I tried everything to protect her, but social media platforms like Snapchat were designed to pull her in and shut me out. KOSA would give parents a fighting chance. It would force companies to put safety first, and finally make them answer for the harm they’ve caused to families like mine through exposure to harmful cyberbullying. The reintroduction of KOSA represents a vital opportunity for Congress to finally implement necessary safeguards, ensuring that no other child falls victim to the same preventable dangers that took Selena from us,” said Tammy Rodriguez, mother of Selena Rodriguez, forever 11. 

    “My son Alexander was 14 when he died from fentanyl poisoning after a drug dealer on Snapchat sold him counterfeit oxycontin that had enough fentanyl to kill four adults. There should have been social restrictions in place to prevent his death and there should be such restrictions in place now. Congress had an opportunity to stop further online harms from happening by passing KOSA in 2024, the Senate prevailed and the House failed us and America’s children. I commend Senators Blackburn and Blumenthal for stepping up to the plate again and only hope that House Leadership will follow suit this time around and stop making profits a priority over children’s lives,” said Amy Neville, mother of Alexander Neville, forever 14. 

    “My son Ethan was 13 when he died as a result of accidental asphyxiation after participating in the online ‘Blackout Challenge.’ Had KOSA been in place, there is no doubt that my son would still be alive. Congress had an opportunity to save more children’s lives last year by passing KOSA, the Senate stepped up, but the House failed to do so. Now is the time for Congress to redefine the narrative and to stop allowing Big Tech to win and to stop them from killing more children. It is time for Congress to do the right thing and pass KOSA this year,” said Jeff Van Lith, father of Ethan Burke Van Lith, forever 13.

    “KOSA is the first bill that would make these companies, like iFunny and Snapchat, responsible for preventing the kinds of harm that took my son from me. Congress has a second chance to do something real. We need them to take it,” said Michelle Servi, mother of Jack Servi, forever 16.

    “The Kids Online Safety Act gives parents the tools they need—and have long pleaded for—to effectively oversee their children’s social media use. The legislation rightfully requires platforms to prioritize the well-being of young users over algorithms and design features that maximize user engagement. While some platforms have elected to implement varying degrees of safeguards, the Kids Online Safety Act creates consistency, fosters transparency, and critically, holds platforms accountable for profiting from addictive features and child exploitation,” said Annie Chestnut Tutor, Policy Analyst, Center for Technology and the Human Person, The Heritage Foundation.

    “Our children need online protection plain and simple. The amount of victimization that occurs online is staggering.  Law enforcement cannot protect our children in the current online environment, that is why KOSA is so important to our children,” said John Pizzuro, CEO of Raven.

    “Every day, catastrophic numbers of children are exploited on social media platforms that have no protective guardrails. The proliferation of adult content and bad actors make the internet a perilous place for kids. The Kids Online Safety Act would introduce basic, commonsense protection that make these platforms safer for minors. Internet protections have not been updated by Congress since 1998, long before many of these platforms existed. It’s imperative that Congress act now to protect America’s kids,” said Penny Nance, CEO and President of Concerned Women for America Legislative Action Committee.

    “I’m pleased the Senate has re-introduced the Kids Online Safety Act (KOSA). There is indisputable harm happening to children at an industrial scale—reaching literally millions of children. KOSA would begin to address those harms. Parents say this is the #1 issue, above school violence, drugs, and bullying. Free speech protections are enshrined in explicit language in the bill. I look forward to lauding the efforts of all who see this bill through,” said Jonathan Haidt, social psychologist and author of The Anxious Generation.

    “The reintroduction of KOSA is a test of whether Congress will finally stand with families instead of Big Tech. This bill has withstood years of scrutiny, has enormous bipartisan support, and is the only federal legislation that addresses the wide range of design-caused harms experienced by children every day online. Lawmakers must seize this moment and finally deliver the protections children need,” said Josh Golin, Executive Director of Fairplay.  

    “Protecting children is the most basic human decency. The technology world that has come into being over the last 20+ years has been strip-mining the minds of our next generation for profit. They have been darkening their souls. They have been playing to their fears and walling them up in their anxieties. And their vision is now to use the very isolation and instability that they have created and catalyzed to create dependence on them through AI. The Kids Online Safety Act will stop this. It will turn the page on the harms many kids have suffered and protect the next generation. It will hold the companies that have done this accountable,” said Tim Estes, Founder & CEO of AngelQ.

    “The Eating Disorders Coalition for Research, Policy & Action remains committed to the passage of KOSA. We are encouraged to see the bill being reintroduced in the Senate and look forward to working with Congressional members to protect vulnerable young people against online harms,” said Christine Peat, PhD, FAED, LP, President of the Eating Disorders Coalition for Research, Policy, & Action.

    “Street Grace is honored to support KOSA. We envision a world where no child is exploited and KOSA puts America on that path by adding transparency and accountability to the sites and platforms which are currently advertising to children with zero safeguards in place,” said Bob Rodgers, CEO of Street Grace.

    “The Kids Online Safety Act (KOSA) represents a vital and overdue step toward protecting our children from the growing threat of online exploitation. These predators are not abstract threats – they are in our homes, on our children’s phones, in their games, and across every digital platform they use daily.  We need KOSA because our current system is failing our children.  This legislation provides essential guardrails to ensure tech companies are accountable for the safety of minors and are required to design their platforms with the well-being of children in mind – not profit,” said Tammy Sneed, Director of Engage Together.

    “This bill is a critical step toward holding tech companies accountable for designing online platforms with child safety in mind. For too long, predators have exploited the internet’s blind spots to target children for grooming and trafficking. By requiring platforms to proactively mitigate these harms and provide greater transparency and control to families, this legislation puts the safety of children first. We urge lawmakers to swiftly pass this bill and send a clear message: protecting children online is not optional—it’s a responsibility,” said Linda Smith (U.S. Congress 1995-99, Washington State Senate/House 1983-94), Founder & President of Shared Hope International.

    “Parents have been left on their own to try to fend off a massive tech-induced crisis in American childhood from online platforms that are engineered to be maximally addictive. And the tech companies face zero accountability for how their products harm children, like how their algorithms help connect predators with child victims online. KOSA offers a needed solution by making social media platforms responsible for preventing and mitigating certain objective harms to minors, like sexual exploitation, in their product design and empowering authorities to hold them accountable if they don’t. It’s time to end Big Tech’s total impunity,” said Clare Morell, Fellow at the Ethics and Public Policy Center. 

    “In this digital age, the number of cybertips has skyrocketed from 1 million in 2012 to 36 million in 2023. Now more than ever, it is crucial to protect our children by ensuring they receive online safety training and by enacting legislation like the Kids Online Safety Act to hold tech platforms accountable and implement necessary safeguards,” said Ashlie Bryant, CEO of the 3Strands Global Foundation.

    “Count on Mothers fully endorses KOSA. After surveying mothers across the political spectrum and all U.S. regions, and conducting a nationally representative focus group, we found overwhelming support for KOSA’s protections. Mothers are demanding accountability and a clear duty of care from tech companies. Across backgrounds and beliefs, they agree: it’s time for the federal government to require social media platforms to offer minors the tools to protect their privacy, safety, and mental health from addictive and harmful product designs,” said Count on Mothers. 

    “The Kids Online Safety Act (KOSA) demands that the sanctity of family and the sacredness of childhood be treated as national priorities. American families cannot withstand this digital crisis without real protections and accountability for an industry that has gone unchecked for far too long. KOSA offers an indispensable shield for children, guarding them against corporate greed and reckless harm through a commonsense approach to online safety,” said Jason Frost, CEO of Wired Human.

    “KOSA supports Digitally Intentional’s mission by prioritizing protection over profit, empowering families and safeguarding children from the manipulative corporate practices of Big Tech. Passing KOSA renews our nation’s commitments to another generation and for our country’s future,” said Harrison Haynes, Founder of Digitally Intentional and Chair of End OSEAC Survivors Council.

    “We are grateful to the United States Senators that they are unflagging in their efforts to get the Kids Online Safety Act passed. This is no time for politics. America’s children are suffering from the worst mental health crisis in recorded history, and the literature is increasingly clear that the main driver is digital addiction. Social media are rife with abusive environments for children who get swept down dark rabbit holes by opaque algorithms. To make matters worse, the rise of A.I. chatbots that trick kids into friendships and romantic relationships with artificial corporate products that are perfectly attuned to their shifting moods, will only make it more critical than ever that we pass the Kids Online Safety Act. The time is now,” said Michael Toscano, Director of the Family First Technology Initiative. 

    “Passing KOSA is a significant step forward toward protecting kids from the harms of Big Tech.KOSA’s targeted, bipartisan approach ensures that parents have the ability to protect their kids online from those features and designs that hurt their development and mental health. This is simply a win for parents, children, and consumers all around,” said Joel Thayer, President of the Digital Progress Institute. 

    “When companies like Meta enable a new AI chatbot to have sexually explicit conversations with child accounts, or when TikTok provided a platform for adults to pay teens to strip on its LIVE feature, it is clear that it is past time to hold Big Tech accountable. Congress has a major role in ensuring tech platforms prioritize child safety by reintroducing and passing the Kids Online Safety Act,” said Melissa Henson, Vice President of Parents Television and Media Council.

    “We strongly support the Kids Online Safety Act as a critical step toward protecting the health, safety, and well-being of children and teens in the digital age. Online platforms play an increasingly central role in the lives of young people, it is imperative that we hold technology companies accountable for the environments they create and maintain. We commend the bipartisan leadership behind the Kids Online Safety Act and urge lawmakers to pass this legislation without delay. Protecting children online is not a partisan issue—it is a moral imperative,” said the Paving The Way Foundation.

    “Social media companies continue to abjectly fail the most basic test of any society: protecting children. Big Tech has consistently shown that it cares more about its profit margins than about child safety. The harm needs to stop. It’s past time that Congress pass the Kids Online Safety Act,” said Chris Griswold, Policy Director of American Compass. 

    “Online exploitation is a borderless crime that transcends jurisdictions and preys on the most vulnerable—our children. KOSA is a critical step towards safeguarding digital spaces and setting an example for other governments to combat this global threat. Protecting children online is not just a policy imperative; it is a moral obligation,” said Anne Basham, Chair of the Interparliamentary Taskforce on Human Trafficking.

    “In light of the disturbing reality that some social media services and platforms have become increasingly addictive and even toxic to kids, The Kids Online Safety Act is common sense and necessary  legislation that when enacted, will hold platforms accountable to restrict targeted advertising to children, disable addictive online platform features, provide the option to opt out of algorithmic recommendations, and enforce the highest privacy settings for accounts used by minor children. Enough Is Enough applauds the leadership of KOSA cosponsors Senator Blackburn and Senator Blumenthal for reintroducing this critical bill and the overwhelming bi-partisan support of the U.S. Senate last session. We join our allies in urging both the Senate and the House to prioritize the passage of KOSA soonest. The human cost of delay is severe. Kids are dying. Protecting the lives, innocence and dignity of children online is a non-partisan issue with wide bi-partisan support,” said Donna Rice Hughes, CEO/President, Enough Is Enough. 

    “These platforms fail to disclose their addictive nature or the harms associated with their use. Our children deserve transparency, safety measures, and tools, not exploitation, by default. Why is this so hard? Thank you, Senator Blackburn, for consistently standing in the gap with parents. This time, let’s get it done!” said Chris McKenna, Founder of Protect Young Eyes. 

    Click here for bill text.

     RELATED 

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: 24 pacts exchanged in Kuwait

    Source: Hong Kong Information Services

    Chief Executive John Lee continued his visit to Kuwait today by meeting representatives of the Kuwait Direct Investment Promotion Authority, exchanging views with local political and business leaders, and witnessing the reaching of multiple pacts between government departments, enterprises and organisations of Hong Kong, the Mainland and Kuwait.

    In the morning, Mr Lee met Kuwait Direct Investment Promotion Authority Director General Meshaal Jaber Al-Ahmad Al-Sabah to learn about Kuwait’s strategies and achievements in attracting business and investment.

    Noting that Kuwait was Hong Kong’s sixth-largest trading partner in the Middle East last year, Mr Lee said there is significant room for development in trade and business between the two places. He also stressed that Hong Kong will continue to serve as a bridge to assist enterprises in going global and attracting external investment, welcoming Kuwaiti enterprises to leverage the city’s financing support and professional services to explore international markets.

    Afterwards, the Chief Executive attended a business luncheon where he delivered a speech to near 300 local business leaders to promote Hong Kong’s business advantages and development opportunities. Moreover, government departments, enterprises and organisations from Hong Kong, the Mainland and Kuwait exchanged and announced 24 memoranda of understanding and co-operation agreements, covering areas such as economy and trade, investment, financial services, technology, legal co-operation, cargo clearance and flow, aviation, and post-secondary education.

    Mr Lee highlighted that merchandise trade between Hong Kong and the Cooperation Council for the Arab States of the Gulf reached nearly US$20 billion last year, an increase of over 53% in the past four years, while Hong Kong’s merchandise trade with Kuwait last year amounted to US$200 million, up more than 20% from the previous year.

    Hong Kong, an international financial centre as well as the world’s largest offshore renminbi business hub, will give full play to its role as a “super connector” and “super value-adder” to deepen international exchanges and co-operation, Mr Lee pointed out, adding that he believes the ties between Hong Kong and Kuwait will continue to flourish.

    In the afternoon, Mr Lee visited Zain Group a major mobile telecommunications company, to learn about its business in innovative technologies and digital communications, and exchanged views with company representatives on topics such as drones, artificial intelligence and smart city development. He remarked that Hong Kong is actively developing into an international innovation and technology centre, and he welcomes the company to invest and pursue co-operation opportunities in Hong Kong.

    The Chief Executive also hosted a dinner for members of the business delegation comprising representatives from Hong Kong and Mainland enterprises to thank them for their participation in the programme of the past four days, and for working together to explore co-operation opportunities for Hong Kong and the Mainland in the Middle East.

    He will return to Hong Kong tomorrow.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Completion of £6m public realm scheme marks transformational investment for Banbridge

    Source: Northern Ireland City of Armagh

    The revitalisation of Banbridge town centre has been officially celebrated today – Wednesday 14 May – with the launch of the completed Banbridge public realm scheme.

    The £6 million investment has transformed the heart of the town into a safer, more accessible, and more vibrant destination for residents, businesses and visitors alike.

    Lord Mayor, Councillor Sarah Duffy welcomed the Department for Communities Minister Gordon Lyons to the town to see the improvements which were jointly funded by Armagh City, Banbridge and Craigavon Borough Council, DfC and the UK Government’s Shared Prosperity Fund.

    The scheme represents a significant milestone in the regeneration of the town, enhancing its distinctive heritage while providing a more modern, functional and attractive public space.

    Speaking at the event, Lord Mayor of Armagh City, Banbridge and Craigavon, Councillor Sarah Duffy, said:

    “The completion of this major public realm scheme is a moment of real pride for Banbridge. It not only preserves and enhances our rich built heritage but also reimagines the town centre as a dynamic, accessible and welcoming place for all. With improved walkways, lighting, civic spaces and streetscapes, this investment lays the foundation for continued economic growth, community connection and future cultural events. I want to thank everyone involved in this project, including the contractors, our local businesses and the Department for Communities, for their support and commitment to Banbridge’s future.”

    Delivered by Fox Building and Engineering Limited, the scheme commenced in May 2023 and included a wide range of infrastructure improvements across the town centre. New natural stone paving, granite kerbs, widened and resurfaced footpaths, enhanced wayfinding, increased cycle parking and tree planting have all contributed to a high-quality, better-connected streetscape.

    The event also celebrated the success and continuation of the Empty to Occupied Scheme funded by DfC. This programme is aimed at targeting dereliction across the borough by refurbishing buildings and making them fit for purpose and ready to occupy, thus improving the vitality of our high streets, creating jobs and increasing footfall.

    To date, 10 new units have been refurbished, with seven of these already back into commercial use. By the end of the programme, it is anticipated that funding of £751,277 will have leveraged £1,185,740 of private investment. Within five years, the return on public investment will equate to £2 for every £1 of public money.

    Communities Minister Gordon Lyons welcomed the investment in Banbridge, saying:

    “It is good to see the completion of Banbridge Public Realm, which has genuinely enhanced the centre of Banbridge, adding to its attraction as somewhere to visit, shop, work and invest in. In addition, the Empty to Occupied Scheme is a great example of tackling vacancy and bringing new life into the town. My Department’s funding has enabled both schemes to be delivered and it shows what positive results can be gained through collaborative working with our colleagues in Armagh City Banbridge & Craigavon Borough Council.”

    Chair of Banbridge Chamber of Commerce, Michael Donaghy, commented: 

    “This investment is a vote of confidence in the future of Banbridge. The improvements have already made a positive difference to the way people experience our town, with improved access and an environment that reflects our rich history while supporting modern-day business. The new civic plaza and upgraded infrastructure will attract more visitors and shoppers, helping to stimulate our local economy and support our business community.”

    The Banbridge Public Realm Scheme is part of Council’s wider regeneration programme aimed at supporting sustainable town centres, strengthening local identity and ensuring the long-term vitality of the borough’s urban areas.

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Government of Saskatchewan Prepares for Possible Canada Post Strike

    Source: Government of Canada regional news

    Released on May 14, 2025

    The Government of Saskatchewan is preparing for a possible postal strike that could begin as early as May 22, 2025. Ministries, Crowns and agencies have put contingency plans in place to limit service disruptions.

    The government encourages all clients, suppliers and businesses to switch to direct deposit, as those payments will not be impacted by any changes to postal services.

    Social Services Payments

    Building on the experience with the 2024 Canada Post service disruption, the Ministry of Social Services is preparing contingency plans for clients who receive benefit cheques by mail. Most ministry clients already receive benefit payments by direct deposit and these payments will continue as usual. We encourage clients to switch to direct deposit.

    Drug Plan and Extended Benefits 

    Residents requiring letters to submit to their private insurance providers for Special Support, Seniors’ Drug Plan, or Exception Drug Status may submit the request through the online Saskatchewan Formulary. Letters will be mailed once the Canada Post service disruption is resolved. 

    Health Cards and Vital Statistics Certificates

    Incoming and outgoing mail delays may affect applications for health cards and certificates for births, deaths or marriages. Visit eHealthsask.ca for options to minimize delays, including ordering online. 

    Crop Insurance/AgriStability Information and Payments 

    The Saskatchewan Crop Insurance Corporation (SCIC) will work with customers to determine alternate options for accessing information typically delivered through Canada Post, such as faxing, emailing or delivering to a local SCIC office for pick-up. Producers are encouraged to sign-up for direct deposit for receiving program payments. The direct payment form is available on SCIC’s website. 

    Payments to Government of Saskatchewan Suppliers

    The Ministry of Finance will make supplier cheques available for pickup in Regina for suppliers unable to register for direct deposit. Suppliers should call 306-787-7450 to make arrangements.

    Taxes, Refunds and Grant Payments

    In the event of a postal dispute, businesses are expected to ensure they file and pay taxes to the Ministry of Finance on time. Mail delays do not change tax deadlines or the assessment of penalties and interest. For more information, please review the Information Notice – IN 2025-03, Filing and Paying Provincial Taxes in the Event of a Postal Disruption.

    Tax clients are encouraged to sign up for the secure and convenient Saskatchewan eTax Services (SETS) online portal to file and pay taxes electronically and avoid any delays in meeting tax obligations. 

    Tax refunds and grant payments sent by direct deposit will not be delayed. Those who do not use direct deposit can call 1-800-667-6102 to set it up, delay the refund or grant payment, or request a courier delivery at their own cost.

    Crown Utility Accounts, Bills and More

    SGI, SaskTel, SaskPower and SaskEnergy invite customers to sign up for online billing and notifications to ensure they receive information about their utility bills, driver’s licence and vehicle registration renewals and other important communications. This helps avoid delays in receiving bills and account updates. Longer than usual wait times for customer service representatives are anticipated in the event of postal service disruptions, so customers are encouraged to visit the respective Crown websites or to call for more information regarding customer service options. Information is also available online regarding options for paying outstanding bills in the event mail-in payments are not possible.   

    Public Guardian and Trustee 

    The Public Guardian and Trustee’s office is preparing backup options for clients and client service providers who get payment cheques by mail. Many clients and service providers already use direct deposit and will not be affected. Clients and service providers are encouraged to switch to direct deposit as soon as possible. They can do so by contacting their trust officer or the Public Guardian and Trustee’s office at 1-877-787-5424 or by email at pgt@gov.sk.ca. 

    In the event of a postal strike, clients and suppliers and businesses can visit www.saskatchewan.ca/postal-strike for more detailed information.  

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI: Bitcoin Solaris Launches Phase 3 Presale Ahead of Mobile Mining Rollout via Nova App

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 14, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris, a next-generation blockchain platform engineered for speed, scalability, and accessibility, has entered Phase 3 of its public token presale, with BTC-S tokens now priced at 3 USDT. This milestone comes as the network prepares to launch the Nova App, a mobile-based mining tool that will enable users to mine tokens directly from their smartphones—an approach aimed at democratizing access to blockchain rewards.

    Mobile Mining Set to Onboard Millions

    The upcoming Nova App introduces a new way for individuals to participate in blockchain networks. Designed for ease of use, the app will allow users to contribute storage and idle CPU from their smartphones to passively mine BTC-S tokens. There’s no need for specialized hardware or staking procedures—Nova runs seamlessly in the background, making network participation more inclusive and globally accessible.

    “Our goal is to lower the barriers to blockchain mining,” said a Bitcoin Solaris spokesperson. “With the Nova App, anyone with a smartphone can contribute to the network and earn rewards, without the complexity that typically limits participation.”

    High-Speed Infrastructure with 2-Second Finality

    At the core of Bitcoin Solaris is a dual-layer blockchain architecture that delivers sub-2-second transaction finality. The network is capable of processing over 10,000 transactions per second (TPS), enabling use cases that range from DeFi and NFTs to real-time data processing.

    • The Base Layer ensures security and ledger integrity through a combination of Proof-of-Stake (PoS) and Proof-of-Capacity (PoC). This hybrid consensus reduces energy usage while maintaining decentralization.
    • The Solaris Layer handles smart contract execution and fast block production using Proof-of-History (PoH) and Proof-of-Time (PoT). This allows for deterministic block ordering and rapid propagation.

    This architecture was purpose-built for scalability at the protocol level—not added on as an afterthought—and is designed to handle high-frequency transactions with provable finality.

    Verified by Independent Security Audits

    To reinforce trust and security, Bitcoin Solaris has undergone multiple third-party reviews:

    • Cyberscope Audit reviewed the core protocol, identifying vulnerabilities and validating contract behavior under load.
    • Freshcoins Audit confirmed logic integrity and examined token mechanics.
    • KYC Verification ensures project leadership accountability—critical for investor and ecosystem trust.

    These certifications signal readiness for not only public use, but institutional scrutiny — something speed alone can’t replace.

    Limited Token Supply and Transparent Distribution

    Bitcoin Solaris maintains a hard cap of 21 million BTC-S tokens, with no inflation or dynamic minting. Token emissions follow a halving model, similar to Bitcoin, to promote long-term sustainability and value predictability. During Presale Phase 3, only 4.2 million tokens (20%) are available at the 3 USDT rate. In Phase 4, the price will increase to 4 USDT.

    For a technical dive into how Bitcoin Solaris achieves sub-2-second transaction finality, Crypto Royal walks through the network’s layered design, time-based consensus model, and how it compares to XRP in real-world performance scenarios.

    About Bitcoin Solaris

    Bitcoin Solaris is a high-performance, layer-1 blockchain protocol built to deliver ultra-fast transaction finality, energy-efficient consensus, and mass accessibility through mobile integration. The network is designed to support decentralized applications and everyday users alike, combining enterprise-level infrastructure with tools that enable anyone to participate.

    Website: https://bitcoinsolaris.com
    X (Twitter): https://x.com/BitcoinSolaris
    Telegram: https://t.me/Bitcoinsolaris

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Globenewswire does not endorse any content on this page.

    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/ad2208fa-6981-4051-abdf-f11fd672b258

    https://www.globenewswire.com/NewsRoom/AttachmentNg/451e0475-9eb4-4058-af19-dc8749f89bb1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe9aff59-3032-4661-9f67-fb691a20e558

    https://www.globenewswire.com/NewsRoom/AttachmentNg/24a489b2-0041-4082-84e8-c258e2d00899

    The MIL Network –

  • MIL-OSI: COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions

    Paris, 14 May 2025 – 17.45

    The Combined Shareholders’ General Meeting of COFACE SA was held on 14 May 2025 at the Company’s headquarters in Bois-Colombes, and it was chaired by Mr Bernardo Sanchez Incera, Chairman of the Board of Directors.

    All the proposed resolutions were adopted by COFACE SA’s shareholders, including the payment of a dividend of €1.40 per share for the 2024 financial year with the coupon date set at 20 May 2025, and the payment date at 22 May 2025.

    All documents related to this General Meeting are available on COFACE SA institutional website (www.coface.com) and more precisely under “Investors/General Assembly”.

    The resolution voting results are online at:

    https://www.coface.com/investors/regulated-information/documents-relating-to-the-general-assembly

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is quoted in Compartment A of Euronext Paris
    Code ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    The MIL Network –

  • MIL-OSI: Coterie Insurance Announces Appleton, Wisconsin as New HQ Location

    Source: GlobeNewswire (MIL-OSI)

    APPLETON, Wis., May 14, 2025 (GLOBE NEWSWIRE) — Coterie Insurance (Coterie), a tech-enabled, data-powered managing general agent (MGA), is pleased to announce the opening of a new headquarters (HQ) location in Appleton, Wisconsin.

    “As we continue to transform our business by boosting efficiency to amplify growth, our new headquarters location positions Coterie in the heart of the Midwest and central to our clients across the U.S., while being part of a business-friendly environment here in Wisconsin,” said David McFarland, CEO of Coterie.

    Formally relocating the company’s headquarters to Appleton provides a reduction in operational costs and improved efficiencies. Additionally, Coterie will realize an immediate improvement in accessibility to top talent and modern amenities, while also supporting the company’s planned growth and expansion.

    Located in Wisconsin’s Fox River Valley, Appleton is the third largest metropolitan area in Wisconsin and was recently named one of America’s most livable small to mid-size cities in 2025 by Livability.com. Coterie’s new HQ is located in Appleton’s walkable RiverHeath neighborhood. Coterie has also recently become a proud bronze level sponsor of the Independent Insurance Agents of Wisconsin (IIAW).

    Coterie partners with the industry’s top insurance companies to provide commercial property and casualty (P&C) coverages for small business (SMB) owners. By using technology to make SMB insurance effortless, Coterie’s distribution network of independent agents and brokers turns untapped opportunities into realized revenue through a transparent, accurate quote-to-bind process that can be completed in less than a minute.

    About Coterie Insurance (Coterie)
    Coterie Insurance (Coterie) is a tech-enabled, data-powered managing general agent (MGA) providing commercial property and casualty (P&C) coverages for small business (SMB) owners. Coterie’s technology enables a transparent, accurate, and rapid quote-to-bind process that results in opportunities for agents and the right coverage for small businesses, on-demand. For more information about Coterie, its products, or becoming an appointed agent, please visit www.coterieinsurance.com.

    Media Contact:
    Jennifer Overhulse
    St. Nick Media Services
    jen@stnickmedia.com
    859-803-6597

    The MIL Network –

  • MIL-OSI: Euronext publishes Q1 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Euronext publishes Q1 2025 results

    Strong start of the year with growth of non-volume-related revenue, record FICC trading volumes and exceptional market volatility.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 14 May 2025 – Euronext, the leading European capital market infrastructure, today publishes its results for the first quarter 2025 using the new, simplified reporting framework1.

    • Q1 2025 revenue and income was up +14.1% at €458.5 million:

    Non-volume-related revenue and income represented 57% of total revenue and income and covered 158% of underlying operating expenses, excluding D&A2:

    • Securities Services revenues grew to €83.4 million (+6.8%), driven by double-digit growth in custody and settlement revenue;
    • Capital Markets and Data Solutions revenue grew to €157.4 million (+6.6%), driven by the continued commercial expansion of Euronext Corporate and Investor Solutions and Technology Services and the strong performance of Advanced Data Solutions, supported by the acquisition of GRSS and by retail participation;
    • Net treasury income was €18.6 million (+58.8%), demonstrating the benefits of the Euronext Clearing expansion and the internalisation of net treasury income following the derivatives clearing migration in Q3 2024.

    Volume-related revenue was driven by high market volatility in Q1 2025:

    • FICC3Markets reported €90.7 million of revenue (+25.1%), driven by record performance in fixed income trading and clearing, commodities trading and clearing and FX trading;
    • Equity Markets revenue grew to €108.4 million (+18.0%), reflecting high volatility.
    • Underlying operating expenses excluding D&A were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, combined with strong costs discipline, in line with the ramp-up of growth investments set out as part of Euronext’s underlying cost guidance of €670 million for the full year 2025.
    • Adjusted EBITDA was €294.1 million (+17.0%) and adjusted EBITDA margin was 64.1% (+1.6pts).
    • Adjusted net income was €183.5 million (+11.8%) and adjusted EPS was €1.80 (+13.9%).
    • Reported net income was €164.8 million (+17.9%) and reported EPS was €1.62 (+20.0%).
    • Net debt to EBITDA4was at 1.4x at the end of March 2025, within Euronext’s target range of the “Innovate for Growth 2027” strategic plan. On 22 April 2025, Euronext had successfully redeemed the €500 million bond issued in connection with the acquisition of Euronext Dublin in April 2018.

    Key figures for the first quarter of 2025:

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var l-f-l3F5
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses excluding D&A2 (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted net income, share of the parent company shareholders 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  

    Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

    “In the first quarter of 2025, Euronext has delivered a remarkable performance. We achieved record revenue and income of €458.5 million, driven by initial successes of the strategic initiatives, growth of non-volume-related revenue and exceptional volatility across trading and clearing activities, especially in cash equity, fixed income, FX, power and commodities. Our diversified business model has allowed us to invest in growth and reach an adjusted EBITDA of €294.1 million, marking a significant +17.0% increase compared to Q1 2024. In Q1 2025, we reached record adjusted EPS (basic) of €1.80 per share. Our reported EPS (basic) grew by an impressive +20.0% compared to Q1 2024, to €1.62 per share.

    We have launched significant initiatives of our ‘Innovate for Growth 2027’ strategic plan to reinforce Euronext as a leader in the European financial markets. The upcoming consolidation of settlement for Amsterdam, Brussels and Paris equity trades in Euronext Securities represents a significant optimisation of the European post-trade landscape. With this strategic move, we foster the integration and competitiveness of European capital markets at an unprecedented speed.

    The launch late April 2025 of a European Common Prospectus6in English will pursue this ambition. This new initiative facilitates access to European capital markets and addresses the need for a competitive, integrated Savings and Investment Union. In addition, we are proud to launch a comprehensive set of measures to support the financing needs of companies that contribute to Europe’s strategic autonomy7.

    The acquisition in May 2025 of Admincontrol8, leader in the governance SaaS space, accelerates the development of Euronext Corporate Solutions in the Nordics, and reinforces Euronext’s subscription-based revenue.

    With this strong first quarter of 2025, we demonstrate our capacity to innovate ahead of the curve, leading the way to a stronger, more innovative and more competitive European capital market.”

    Q1 2025 business highlights

    • Q1 2025 revenue and income
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue and income (in €m) 458.5 401.9 +14.1% +12.9%
    Securities Services 83.4 78.1 +6.8% +4.8%
    Capital Markets and Data Solutions 157.4 147.6 +6.6% +4.5%
    Net treasury income 18.6 11.7 +58.8% +58.8%
    FICC Markets 90.7 72.5 +25.1% +25.2%
    Equity Markets 108.4 91.9 +18.0% +18.0%
    Other income 0.1 0.2 N/A N/A
    • Non-volume-related revenue
      • Securities Services
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 83.4 78.1 +6.8% +4.8%
    Custody and Settlement 75.8 67.9 +11.6% +9.4%
    Other Post Trade 7.6 10.2 -25.3% -25.3%

    Revenue from Custody and Settlement this quarter was at €75.8 million, +11.6% compared to Q1 2024. This strong performance was driven by growing Assets under Custody, dynamic settlement instructions and continued double-digit growth in services, supported by the acquisition of Acupay. At the end of the quarter, Assets under Custody amounted to €7.1 trillion, up +3.8% compared to end of Q1 2024. Over 39.3 million instructions were settled via Euronext Securities during the first quarter of 2025, up +9.3% compared to the first quarter of 2024.

    Other Post Trade revenue, which includes membership fees and other non-volume-related clearing fees, was €7.6 million in Q1 2025. The -25.3% decrease compared to Q1 2024 stems from the internalisation of the net treasury income related to Euronext derivatives flows in September 2024, which are now integrated in the net treasury income line.

    • Capital Markets and Data Solutions
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 157.4                147.6                  +6.6% +4.5%
    Primary Markets 46.3 45.5 +1.8% +2.1%
    Advanced Data Solutions 65.1 60.2 +8.1% +3.7%
    Corporate and Investor Solutions and Technology Services 45.9 41.8 +9.8% +8.1%

    Primary Markets revenue was €46.3 million in Q1 2025, an increase of +1.8% compared to Q1 2024. The first quarter recorded slower equity listing performance explained by a volatile environment. Euronext sustained its leading position for equity listing with 8 new listings.

    Advanced Data Solutions revenue was €65.1 million in Q1 2025, up +8.1% compared to Q1 2024. This dynamic performance reflects the contribution of GRSS, strong appetite from retail and growing monetisation of diversified datasets.

    Corporate and Investor Solutions and Technology Services revenue grew by +9.8% in Q1 2025 to €45.9 million. This strong performance reflects the continued commercial expansion of the governance SaaS offering, the increased use of colocation and microwave connectivity, and double-digit growth of investor solutions, supported by the acquisition of Substantive Research.

    Following the completion of the acquisition of Admincontrol on 13 May 2025, Admincontrol’s revenue will be integrated with Corporate and Investor Solutions and Technology Services revenue from Q2 2025.

    • Net treasury income

    Net treasury income was at €18.6 million (+58.8%). This reflect the benefit from the Euronext Clearing expansion and the internalisation of treasury income from LCH SA following the completion of the derivatives clearing migration, as well as higher cash collateral posted to the CCP due to the elevated market volatility.

    • Volume-related revenue
      • FICC Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 90.7 72.5 +25.1% +25.2%
    Fixed income trading and clearing 51.8 39.1 +32.4% +32.4%
    Commodities9 trading and clearing 29.6 26.3 +12.8% +13.9%
    FX trading 9.2 7.1 +30.4% +26.5%

    Fixed income trading and clearing revenue reached €51.8 million in Q1 2025, up +32.4% compared to Q1 2024, driven by record fixed income trading activity supported by favourable market conditions.

    Commodities trading and clearing revenue reached €29.6 million in Q1 2025, up +12.8% compared to Q1 2024, reflecting record intraday power trading volumes and dynamic agricultural commodity trading and clearing.

    FX trading revenue was up +30.4%, at €9.2 million in Q1 2025, reflecting record trading volumes, and a positively geared volume mix.

    • Equity Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 108.4 91.9 +18.0% +18.0%
    Cash equity trading and clearing 94.0 76.8 +22.5% +22.5%
    Financial derivatives trading and clearing 14.4 15.1 -4.8% -4.8%

    Cash equity trading and clearing revenue was €94.0 million in Q1 2025, up +22.5% driven by exceptional market volatility. Euronext recorded average daily cash trading volumes of €13.8 billion, up +31.8% compared to Q1 2024. Revenue capture on cash trading averaged 0.50 bps for the first quarter of 2025, impacted by higher volumes, stronger intraday volatility and larger average order size. Euronext market share on cash equity trading averaged 64.1% in Q1 2025.

    Financial derivatives trading and clearing revenue was €14.4 million in Q1 2025, -4.8% compared to Q1 2024. This decrease is mostly linked to the decrease of the average clearing fees, as following the clearing migration certain clearing fees are now reported in the line Other Post Trade revenues, and as such not fully comparable with Q1 2024.

    Q1 2025 financial performance

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses exc. D&A (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Operating expenses exc. D&A (164.3) (159.4) +3.1% +1.2%
    EBITDA 294.2 242.6 +21.3% +20.6%
    Depreciation & Amortisation (48.3) (44.0) +9.8% +10.6%
    Total Expenses (inc. D&A) (212.6) (203.4) +4.6% +2.9%
    Adjusted operating profit 272.6 232.3 +17.4% +16.8%
    Operating Profit 245.9 198.6 +23.8%  
    Net financing income / (expense) (1.5) 4.7 N/A  
    Profit before income tax 244.4 203.3 +20.2%  
    Income tax expense (67.8) (54.7) +24.0%  
    Share of non-controlling interests (11.9) (8.9) +33.6%  
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted Net income, share of the parent company shareholders10 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  
    • Q1 2025 adjusted EBITDA

    Underlying operating expenses excluding D&A1 were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, partially offset by cost discipline. In addition, Q1 2024 expenses were positively impacted by one-off releases.

    Driven by the double digit growth in revenue, adjusted EBITDA for the quarter reached €294.1 million, up +17.0% compared to Q1 2024. This represents an adjusted EBITDA margin of 64.1%, up 1.6pts vs. Q1 2024. On a like-for-like basis at constant currencies, adjusted EBITDA grew by +16.4% compared to Q1 2024.

    Q1 2025 non-underlying expenses profited from a one-off release of accruals. As a consequence, reported EBITDA was at €294.2 million, up +21.3% compared to Q1 2024.

    • Q1 2025 net income, share of the parent company shareholders

    Depreciation and amortisation accounted for €48.3 million in Q1 2025, +9.8% more than Q1 2024. PPA related to acquired businesses accounted for €20.4 million.

    Adjusted operating profit was €272.6 million, up +17.4% compared to Q1 2024.

    Euronext reported a net financing expense of €1.5 million in Q1 2025, compared to €4.7 million net financing income in Q1 2024. The variation reflects short-term FX movements and decreasing interest rates.

    Income tax for Q1 2025 was €67.8 million. This translated into an effective tax rate of 27.7% for the quarter, compared to 26.9% in Q1 2024.

    Share of non-controlling interests amounted to €11.9 million, correlated with the strong performance of MTS and Nord Pool.

    As a result, the reported net income, share of the parent company shareholders, increased by +17.9% for Q1 2025 compared to Q1 2024, to €164.8 million. This represents a reported EPS of €1.62 basic and €1.61 diluted. Adjusted net income, share of the parent company shareholders, was up +11.8% to €183.5 million. Adjusted EPS (basic) was €1.80. This increase reflects higher profit and a lower number of outstanding shares over the first quarter of 2025 compared to Q1 2024.

    The weighted number of shares used over the first quarter of 2025 was 101,695,588 for the basic calculation and 102,166,786 for the diluted calculation, compared to 103,640,164 and 104,040,256 respectively over the first quarter of 2024. The difference is due to the share repurchase programme executed by Euronext.

    In Q1 2025, Euronext reported a net cash flow from operating activities of €190.6 million, compared to €184.6 million in Q1 2024, reflecting higher profit before tax and higher income tax paid in Q1 2025. Excluding the impact on working capital from Euronext Clearing and Nord Pool CCP activities, net cash flow from operating activities accounted for 88.1% of EBITDA in Q1 2025.

    Q1 2025 corporate highlights since publication of the fourth quarter 2024 results on 13 February 2025

    • Euronext consolidates settlement on its markets to improve the competitiveness of European capital markets

    On 12 March 2025, Euronext has announced that from September 2026, Euronext Amsterdam, Brussels, and Paris will designate Euronext Securities as the central securities depository (CSD) for equity trade settlements. This aligns with Euronext’s “Innovate for Growth 2027” strategic plan and aims to enhance the competitiveness of European capital markets by addressing post-trade fragmentation. Currently, equity trade settlement in Europe is fragmented across over 30 CSDs. This initiative allows clients to consolidate settlement and custody activities across multiple markets into a single CSD, streamlining operations and enhancing liquidity. It also aids them adapting to regulatory changes, such as the move to T+1 settlement in October 2027. Additionally, Euronext has moved its own shares to Euronext Securities, showcasing the benefits of this consolidation for equity issuers.

    • Dividend payment schedule for 2025

    The Managing Board, upon the approval of the Supervisory Board, has decided to propose for approval at the Annual General Meeting the payment of a dividend of €2.90 per ordinary share (based on the total number of eligible shares). The dividend would be distributed evenly (pro rata the number of shares held) to holders of ordinary shares on the dividend record date set on 27 May 2025 (ex-dividend date is set on 26 May 2025 and payment date is set on 28 May 2025). This dividend represents a pay-out ratio of 50% of the reported net income, in line with Euronext’s current dividend policy.

    Corporate highlights since 1 April 2025

    • Euronext completes the acquisition of Admincontrol

    On 13 May 2025, Euronext announced the completion of the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. This transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed the WACC within three to five years post-closing11. Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. This acquisition supports Euronext’s strategy to expand its software-as-a-service (SaaS) offering and increases Euronext’s share of subscription-based revenue. Admincontrol has experienced double-digit growth over the past five years, with NOK 452 million in revenue and NOK 200 million in EBITDA in 202412. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services.

    • Launch of European Common Prospectus to accelerate capital market integration and boost IPO activity across the EU

    On 25 April 2025, Euronext has launched the European Common Prospectus, a standardised template for equity issuances, with the aim to integrate European capital markets more deeply. This initiative seeks to reduce regulatory fragmentation, enhance transparency, and promote cross-border investment. The prospectus, developed since November 2024, aligns with existing EU regulations and simplifies the listing process by reducing the required sections from 21 to 11. It uses English as the preferred language, facilitating cross-border access to capital. This new format benefits issuers by streamlining the listing process, and investors by providing consistency and comparability across EU jurisdictions. The full implementation of the Listing Act is expected by June 2026; but this prospectus addresses the immediate need to boost IPO activity in Europe in the meantime.

    • Euronext strengthens its support for European strategic autonomy

    On 6 May 2025, Euronext announced the implementation of a full set of initiatives to support investments in European strategic autonomy. This includes the creation of a new series of thematic indices covering companies that contribute to Europe’s strategic autonomy, tailored solutions to enhance equity financing of European aerospace and defence companies and facilitated issuance of European defence bonds13.

    • Euronext volumes for April 2025

    In April 2025, the average daily transaction value on the Euronext cash order book stood at €16.0 billion, up +44.1% compared to the same period last year. The overall average daily volume on Euronext derivatives stood at 712,389 lots, up +6.4% compared to April 2024, and the open interest was 25,388,147 contracts at the end of April 2025, up +6.4% compared to April 2024. The average daily volume on Euronext FX’s spot foreign exchange market stood at $38.2 billion, up +33.1% compared to the same period last year. Average daily day-ahead power traded was 2.7TWh, down -3.5% compared to the same period last year, and average daily intraday power traded was 0.5TWh, up +37.4% compared to April 2024. MTS Cash average daily volumes were up +55.4% to €55.8 billion in April 2025, MTS Repo term adjusted average daily volume stood at €723.1 billion, up +50.1% compared to the same period last year. Euronext Clearing cleared 32,206,770 shares in April 2025, +58.2% compared to April 2024. €2,752 billion of wholesale bonds were cleared in April 2025 (double counted), up +19.7% compared to the same period in 2024. 1,098,474 bond retail contracts were cleared in April 2025 (double counted), down -18.0% compared to April 2024. The number of derivatives contracts cleared was 14,247,781, up +934.7% compared to April 2024 (single counted). Euronext Securities reported 12,506,259 settlement instructions in April 2025, up +14.0% compared to the same period last year. The total Assets Under Custody reached over €7.0 trillion in April 2025, up +3.0% compared to the same period last year.

    Results Webcast

    A webcast will be held on Thursday, 15 May 2025, at 09:00 CEST (Paris time) / 08:O0 BST (London time):

    Live webcast:

    For the live webcast go to: Webcast

    The webcast will be available for replay after the call at the webcast link and on the Euronext Investor Relations webpage.
    Contacts

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

    Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

    Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. The figures in this document have not been audited or reviewed by our external auditor. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Appendix

    The figures in this Appendix have not been audited or reviewed by our external auditor.

    Non-IFRS financial measures

    For comparative purposes, the company provides unaudited non-IFRS measures including:

    • Operational expenses excluding depreciation and amortisation, underlying operational expenses excluding depreciation and amortisation;
    • EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin.

    Non-IFRS measures are defined as follows:

    • Operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses;
    • Underlying operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses, excluding non-recurring costs;
    • Underlying revenue and income as the total of revenue and income, excluding non-recurring revenue and income;
    • Non-underlying items as items of revenue, income and expense that are material by their size and/or that are infrequent and unusual by their nature or incidence are not considered to be recurring in the normal course of business and are classified as non-underlying items on the face of the income statement within their relevant category in order to provide further understanding of the ongoing sustainable performance of the Group. These items can include:
      • integration or double run costs of significant projects, restructuring costs and costs related to acquisitions that change the perimeter of the Group;
      • one-off finance costs, gains or losses on sale of subsidiaries and impairments of investments:
      • amortisation and impairment of intangible assets which are recognised as a result of acquisitions and mostly comprising customer relationships, brand names and software that were identified during purchase price allocation (PPA);
      • tax related to non-underlying items.
    • Adjusted operating profit as the operating profit adjusted for any non-underlying revenue and income and non-underlying costs, including PPA of acquired businesses;
    • EBITDA as the operating profit before depreciation and amortisation;
    • Adjusted EBITDA as the adjusted operating profit before depreciation and amortisation adjusted for any non-underlying operational expenses excluding depreciation and amortisation;
    • EBITDA margin as EBITDA divided by total revenue and income;
    • Adjusted EBITDA margin as adjusted EBITDA, divided by total revenue and income;
    • Adjusted net income, as the net income, share of the parent company shareholders, adjusted for any non-underlying items and related tax impact.

    Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the consolidated financial statements.

    Consolidated income statement

      Q1 2025 Q1 2024
    in €m, unless stated otherwise Underlying Non-underlying Reported Underlying Non-underlying Reported
    Revenue and income 458.5 – 458.5 401.9 – 401.9
    Securities Services 83.4 – 83.4 78.1 – 78.1
    Custody and Settlement 75.8 – 75.8 67.9 – 67.9
    Other Post Trade 7.6 – 7.6 10.2 – 10.2
    Capital Markets and Data Solutions 157.4 – 157.4 147.6 – 147.6
    Primary Markets 46.3 – 46.3 45.5 – 45.5
    Advanced data solutions 65.1 – 65.1 60.2 – 60.2
    Corporate and Investor Solutions and Technology Services 45.9 – 45.9 41.8 – 41.8
    Net treasury income 18.6 – 18.6 11.7 – 11.7
    FICC Markets 90.7 – 90.7 72.5 – 72.5
    Fixed income trading and clearing 51.8 – 51.8 39.1 – 39.1
    Commodities income trading and clearing 29.6 – 29.6 26.3 – 26.3
    FX trading 9.2 – 9.2 7.1 – 7.1
    Equity Markets 108.4 – 108.4 91.9 – 91.9
    Cash equity trading and clearing 94.0 – 94.0 76.8 – 76.8
    Financial derivatives trading and clearing 14.4 – 14.4 15.1 – 15.1
    Other income 0.1 – 0.1 0.2 – 0.2
    Operating expenses excluding D&A (164.5) 0.1 (164.3) (150.7) (8.7) (159.4)
    Salaries and employee benefits (86.9) (0.5) (87.3) (80.7) (4.4) (85.1)
    Other operational expenses, of which (77.6) 0.6 (77.0) (70.0) (4.3) (74.3)
    System & communication (25.9) (0.1) (26.0) (24.6) (1.4) (26.0)
    Professional services (18.1) 1.0 (17.1) (11.9) (1.9) (13.8)
    Clearing expense (0.2) – (0.2) (9.1) – (9.1)
    Accommodation (4.6) (0.2) (4.8) (3.8) (0.3) (4.1)
    Other operational expenses (28.8) – (28.8) (20.6) (0.7) (21.3)
    EBITDA 294.1 0.1 294.2 251.3 (8.7) 242.6
    EBITDA margin 64.1%   64.2% 62.5%   60.4%
    Depreciation & amortisation (21.5) (26.8) (48.3) (19.0) (25.0) (44.0)
    Total expenses (185.9) (26.7) (212.6) (169.7) (33.7) (203.4)
    Operating profit 272.6 (26.7) 245.9 232.3 (33.7) 198.6
    Net financing income / (expense) (1.5) – (1.5) 4.7 (0.0) 4.7
    Profit before income tax 271.1 (26.7) 244.4 237.0 (33.7) 203.3
    Income tax expense (74.9) 7.1 (67.8) (63.4) 8.7 (54.7)
    Non-controlling interests (12.7) 0.9 (11.9) (9.3) 0.4 (8.9)
    Net income, share of the parent company shareholders 183.5 (18.8) 164.8 164.2 (24.5) 139.7
    EPS (basic, in €) 1.80   1.62 1.58   1.35
    EPS (diluted, in €) 1.80   1.61 1.58   1.34

    Adjusted EPS definition

      Q1 2025 Q1 2024
    Net income reported 164.8 139.7
    EPS reported 1.62 1.35
    Adjustments for non-underlying items included in:    
    Operating expenses exc. D&A                                       0.1 (8.7)
    Depreciation and amortisation                                   (26.8) (25.0)
    Minority interest 0.9 0.4
    Tax related to adjustments 7.1 8.7
    Adjusted net income 183.5 164.2
    Adjusted EPS 1.80 1.58

    Consolidated comprehensive income statement

      Q1 2025 Q1 2024
    Profit for the period 176.6 148.6
         
    Other comprehensive income    
    Items that may be reclassified to profit or loss:    
    – Exchange differences on translation of foreign operations 16.9 (26.3)
    – Income tax impact on exchange differences on translation of foreign operations (1.1) 2.6
    – Gains and losses on cash flow hedges 2.2 –
    – Change in value of debt investments at fair value through other comprehensive income – 0.2
    – Income tax impact on change in value of debt investments at fair value through
    other comprehensive income    		 – (0.1)
         
    Items that will not be reclassified to profit or loss:    
    – Remeasurements of post-employment benefit obligations (2.5) (0.3)
    Other comprehensive income for the period, net of tax 15.5 (23.8)
    Total comprehensive income for the period 192.1 124.8
         
    Comprehensive income attributable to:    
    – Owners of the parent 179.9 116.6
    – Non-controlling interests 12.2 8.2

    Consolidated statement of financial position

    in €m 31 March 2025 31 December 2024
    Non-current assets    
    Property, plant and equipment 107.4 106.2
    Right-of-use assets 88.2 57.5
    Goodwill and other intangible assets                                6,096.5                           6,096.2
    Deferred income tax assets 29.1 30.4
    Investments in associates and joint ventures                                          0.8                                    0.8
    Financial assets at fair value through OCI                                     357.0                               357.0
    Other non-current assets 3.4 3.5
    Total non-current assets 6,682.4 6,651.6
         
    Current assets    
    Trade and other receivables 574.2 412.9
    Income tax receivable 17.5 11.4
    Derivative financial instruments 2.2 –
    CCP clearing business assets 341,647.6 270,288.7
    Other current financial assets 59.5 63.8
    Cash & cash equivalents 1,642.3 1,673.5
    Total current assets 343,943.3                272,450.3
         
    Total assets 350,625.7 279,101.8
         
    Equity    
    Shareholders’ equity 4,224.6 4,245.2
    Non-controlling interests 161.7 156.8
    Total Equity 4,386.3 4,402.0
         
    Non-current liabilities    
    Borrowings 2,537.5 2,537.0
    Lease liabilities 71.7 46.2
    Other non-current financial liabilities 3.5 3.5
    Deferred income tax liabilities 495.1 496.8
    Post-employment benefits 23.0 21.0
    Contract liabilities 54.2 56.4
    Other provisions 7.0 7.2
    Total Non-current liabilities 3,192.1 3,168.2
         
    Current liabilities    
    Borrowings 524.0 516.5
    Lease liabilities 21.9 15.8
    Derivative financial instruments –                                         0.1
    CCP clearing business liabilities 341,695.3 270,357.9
    Income tax payable 99.3 91.1
    Trade and other payables 526.5 464.3
    Contract liabilities 176.2 80.1
    Other provisions 4.1 5.9
    Total Current liabilities 343,047.3 271,531.7
         
    Total equity and liabilities 350,625.7 279,101.8

    *The comparative figures for CCP clearing business assets and liabilities were both adjusted upwards by €69,713.3 million in the Universal Registration Document 2024 as published on 28 March 2025 due to an adjustment in the recognition of clearing business assets and clearing business liabilities, when compared to the positions in the press release dated 13 February 2025.

    Consolidated statement of cash flows

    in €m Q1 2025 Q1 2024
    Profit before tax 244.4 203.3
    Adjustments for:    
    – Depreciation and amortisation 48.3 44.0
               – Share based payments 3.9 3.9
    – Changes in working capital (37.4) (36.6)
    Cash flow from operating activities 259.2 214.7
    Income tax paid (68.6) (30.0)
    Net cash flows from operating activities 190.6 184.6
         
    Cash flow from investing activities    
    Purchase of current financial assets                                     (0.7) (21.7)
    Redemption of current financial assets                                      5.7 18.6
    Purchase of property, plant and equipment                                    (6.8) 0.1
    Purchase of intangible assets (23.0) (16.4)
    Interest received 10.3 10.4
    Proceeds from sale of property, plant, equipment and intangible assets                                         – 0.1
    Net cash flow from investing activities (14.6) (8.9)
         
    Cash flow from financing activities    
    Interest paid (0.8) (0.2)
    Payment of lease liabilities (5.5) (5.5)
    Transactions in own shares (204.5) (2.1)
    Dividends paid to non-controlling interests – (0.3)
    Net cash flow from financing activities (210.8) (8.2)
         
    Total cash flow over the period (34.8) 167.6
    Cash and cash equivalents – Beginning of period 1,673.5 1,448.8
    Non-cash exchange gains/(losses) on cash and cash equivalents 3.6 (6.8)
    Cash and cash equivalents – End of period 1,642.3 1,609.6

    Volumes for the first quarter of 2025

    • Securities Services
    Euronext Securities activity Q1 2025 Q1 2024 % var
    Number of settlement instructions over the period 39,317,842 35,963,785 +9.3%
    Assets under Custody (in €bn), end of period 7,132 6,871 +3.8%
    • Capital Markets
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Listings      
    Number of Issuers on Equities      
    Euronext 1,786 1,860 -4.0%
    SMEs 1,397 1,463 -5.0%
    Number of Listed Securities      
    Funds 2,163 2,392 -10.0%
    ETFs 4,158 3,861 +8.0%
    Bonds 55,645 56,862 -2.0%
    Capital raised on primary and secondary market      
    Total Euronext, (€ million)      
    Number of new equity listings 8 10  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 2,850 8,012 -64.0%
    Money Raised – Bonds 316,716 380,183 -17.0%
    Total Money Raised 319,803 388,352 -18.0%
    of which SMEs      
    Number of new equity listings 8 9  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 1,278 4,957 -74.0%
    Money Raised – Bonds 396 478 -17.0%
    Total Money Raised 1,911 5,591 -66.0%
    • FICC Markets

    Fixed income trading

      Q1 2025 Q1 2024 % var
    Transaction value (€ million, single counted)      
    MTS      
    ADV MTS Cash 56,791 34,658 +64.0%
    TAADV MTS Repo 508,929 491,789 +3.0%
    Other fixed income      
    ADV Fixed income 1,932 1,744 +11.0%

    Fixed income clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Bonds – Wholesale (nominal value in €bn – double counted) 8,160 7,392 +10.0%
    Bonds – Retail (number of contracts – double counted) 4,175,846 3,800,084 +10.0%

    Commodities markets

      Q1 2025 Q1 2024 % var
    Number of trading days              90 91 -1.1%
    Power volume (in TWh)      
    ADV Day-ahead Power Market          3.28 3.32 -1.2%
    ADV Intraday Power Market          0.43 0.29 +47.3%
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Derivatives Volume (in lots)      
    Commodity 7,886,335 7,193,909 +9.6%
    Futures 7,570,868 6,756,390 12.1%
    Options 315,467 437,519 -27.9%
    Derivatives ADV (in lots)      
    Commodity 125,180 114,189 9.6%
    Futures 120,173 107,244 12.1%
    Options 5,007 6,945 -27.9%
      31 March 2025 31 March 2024 % var
    Open interest (in lots)      
           
    Commodity 1,043,370 923,004 +13.0%
    Futures 841,449 584,361 +44.0%
    Options 201,921 338,643 -40.4%

    FX Markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    FX volume ($m, single counted)      
    Total Euronext FX 1,856,742 1,583,472 +17.3%
    ADV Euronext FX 29,472 24,742 +19.1%
    • Equity Markets

    Cash trading

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Number of transactions (buy and sell)      
    Total Cash Market 188,721,610 152,340,714 +24.0%
    ADV Cash Market 2,995,581 2,418,107 +24.0%
    Transaction value (€ million, single counted)      
    Total Cash Market 867,015 657,688 +31.8%
    ADV Cash Market 13,762 10,439 +31.8%

    Cash clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Shares (number of contracts – single counted) 76,849,676 58,446,470 +31.0%
    Derivatives (number of contracts – single counted) 42,112,910 5,823,089 +623.0%

    Financial derivatives markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Derivatives Volume (in lots)      
    Equity 34,226,575 32,815,066 +4.3%
    Index 11,889,419 12,477,980 -4.7%
    Futures 6,946,746 7,240,666 -4.1%
    Options 4,942,673 5,237,314 -5.6%
    Individual Equity 22,337,156 20,337,086 +9.8%
    Futures 489,757 574,911 -14.8%
    Options 21,847,399 19,762,175 +10.6%
           
    Derivatives ADV (in lots)      
    Equity 543,279 520,874 +4.3%
    Index 188,721 198,063 -4.7%
    Futures 110,266 114,931 -4.1%
    Options 78,455 83,132 -5.6%
    Individual Equity 354,558 322,811 +9.8%
    Futures 7,774 9,126 -14.8%
    Options 346,784 313,685 +10.6%
           
    Open interest (in lots) 31 March 2025 31 March 2024 % var
    Equity 23,589,360 21,831,754 +8.1%
    Index 1,052,853 878,571 +19.8%
    Futures 477,425 638,777 -25.3%
    Options 575,428 239,794 +140.0%
    Individual Equity 22,536,507 20,953,183 +7.6%
    Futures 165,404 564,408 -70.7%
    Options 22,371,103 20,388,775 +9.7%

    1www.euronext.com/en/media/13322/download
    2 Definition in Appendix – adjusted for non-underlying operating expenses excluding D&A and non-underlying revenue and income.
    3   Fixed income, commodities and currencies
    4 Last twelve months reported and adjusted EBITDA
    5 Like-for-like basis at constant currency
    6www.euronext.com/en/about/media/euronext-press-releases/euronext-launches-european-common-prospectus-accelerate-capital
    7www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic
    8www.euronext.com/en/about/media/euronext-press-releases/euronext-completes-acquisition-admincontrol
    9 Including revenue from power trading and clearing
    10 For the total adjustments performed please refer to the Appendix of this press release
    11 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    12 Unaudited figures
    13www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic

    Attachment

    The MIL Network –

  • MIL-OSI: Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) Increases Quarterly Distribution 13% to $0.17 From $0.15 Annual Distribution to $0.68 From $0.60 Per Share

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (the “Fund”) approved an increase in the annualized distribution to $0.68 per share, which will be paid $0.17 per share quarterly, commencing with the quarterly distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025.

    The Fund intends to pay a quarterly distribution determined by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year.

    Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

    All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject up to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

    If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

    Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would include approximately 4% from net investment income, 80% from net capital gains and 16% would be deemed a return of capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Bethany Uhlein
    (914) 921-5546

    About The Gabelli Healthcare & WellnessRxTrust
    The Gabelli Healthcare & WellnessRx Trust is a diversified, closed-end management investment company with $218 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE: GRX
    CUSIP – 36246K103

    THE GABELLI HEALTHCARE & WELLNESSRx TRUST
        Investor Relations Contact:
        Bethany Uhlein
        914.921.5546
        buhlein@gabelli.com

    The MIL Network –

  • MIL-OSI Asia-Pac: Foreign Minister Lin concludes successful visit to US

    Source: Republic of China Taiwan

    Foreign Minister Lin concludes successful visit to US

    Date：2025-05-10
    Data Source：Department of North American Affairs

    May 10, 2025  
    No. 152  

    Minister of Foreign Affairs Lin Chia-lung on May 10 concluded a successful three-day visit to the US state of Texas and boarded a flight back to Taiwan.
     
    On the last day of the trip, Minister Lin attended the Texas-Taiwan AI and Innovation Summit, which was organized by the Texas Association of Business (TAB), Opportunity Austin, and the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) at the Texas State Capitol. In remarks delivered at the event, Minister Lin thanked US partners for long trusting and supporting Taiwan’s technology sector. He said that the gathering highlighted the strong partnership between Taiwan and the United States in such industries as AI, semiconductors, robotics, and energy, expressing the hope that the two countries would continue to work together in technology, capital, human resources, and other domains.
     
    Minister Lin also stressed that Taiwan and the United States enjoyed a mutually beneficial partnership in the high-tech industry. He noted that, given its complete upstream and downstream supply chains and its solid intellectual property protections, Taiwan had always been a key US partner and that together they could build even more resilient democratic supply chains. Pete Sessions, a senior member of the US House of Representatives for Texas, also spoke during the event, reaffirming democratic Taiwan as the staunchest partner of the United States in AI-related cooperation. 
     
    Minister Lin and Representative Sessions also witnessed the signing of a Taiwan-Texas economic cooperation agreement between TEEMA, TAB, and Opportunity Austin designed to facilitate two-way investment between Taiwan and the United States.
     
    During his trip, Minister Lin met with prominent political and business leaders from Texas, announced the Taiwan government’s interest in a Taiwan Tower investment and construction project in downtown Houston, and delivered his address to the Texas-Taiwan AI and Innovation Summit. Furthermore, visiting the Texas House of Representatives at the invitation of its speaker and in the company of Managing Director of the American Institute in Taiwan Washington Office Ingrid Larson, Minister Lin publicly accepted a resolution that the House had adopted in support of Taiwan.
     
    Minister Lin’s visit concluded on a successful note. The Ministry of Foreign Affairs will continue to implement a roadmap introduced by President Lai Ching-te to deepen bilateral trade relations through integrated diplomacy, underlining the diverse and robust partnership between Taiwan and the United States at all levels and across all areas. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Foreign Minister Lin concludes successful visit to US

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin concludes successful visit to US

    • Date：2025-05-10
    • Data Source：Department of North American Affairs

    May 10, 2025  

    No. 152  

    Minister of Foreign Affairs Lin Chia-lung on May 10 concluded a successful three-day visit to the US state of Texas and boarded a flight back to Taiwan.

     

    On the last day of the trip, Minister Lin attended the Texas-Taiwan AI and Innovation Summit, which was organized by the Texas Association of Business (TAB), Opportunity Austin, and the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) at the Texas State Capitol. In remarks delivered at the event, Minister Lin thanked US partners for long trusting and supporting Taiwan’s technology sector. He said that the gathering highlighted the strong partnership between Taiwan and the United States in such industries as AI, semiconductors, robotics, and energy, expressing the hope that the two countries would continue to work together in technology, capital, human resources, and other domains.

     

    Minister Lin also stressed that Taiwan and the United States enjoyed a mutually beneficial partnership in the high-tech industry. He noted that, given its complete upstream and downstream supply chains and its solid intellectual property protections, Taiwan had always been a key US partner and that together they could build even more resilient democratic supply chains. Pete Sessions, a senior member of the US House of Representatives for Texas, also spoke during the event, reaffirming democratic Taiwan as the staunchest partner of the United States in AI-related cooperation. 

     

    Minister Lin and Representative Sessions also witnessed the signing of a Taiwan-Texas economic cooperation agreement between TEEMA, TAB, and Opportunity Austin designed to facilitate two-way investment between Taiwan and the United States.

     

    During his trip, Minister Lin met with prominent political and business leaders from Texas, announced the Taiwan government’s interest in a Taiwan Tower investment and construction project in downtown Houston, and delivered his address to the Texas-Taiwan AI and Innovation Summit. Furthermore, visiting the Texas House of Representatives at the invitation of its speaker and in the company of Managing Director of the American Institute in Taiwan Washington Office Ingrid Larson, Minister Lin publicly accepted a resolution that the House had adopted in support of Taiwan.

     

    Minister Lin’s visit concluded on a successful note. The Ministry of Foreign Affairs will continue to implement a roadmap introduced by President Lai Ching-te to deepen bilateral trade relations through integrated diplomacy, underlining the diverse and robust partnership between Taiwan and the United States at all levels and across all areas. (E)

    MIL OSI China News –

  • MIL-OSI USA: East Asia and Pacific Subcommittee Chairwoman Kim Delivers Opening Remarks at Hearing on National Economic Security

    Source: US House Committee on Foreign Affairs

    Media Contact 202-321-9747

    WASHINGTON, D.C. – Today, House Foreign Affairs East Asia and Pacific Subcommittee Chairwoman Young Kim delivered opening remarks at a full committee hearing titled, “National Economic Security, Advancing US Interests Abroad.”

    Watch Here

    -Remarks-

    Good morning and welcome to the East Asia and the Pacific Subcommittees, national security, national economic security advancing U.S. interests abroad. In 2019, William Burns, one of our most decorated diplomats and former CIA director described the Department of State as adrift. Over the years, the department has had trouble finding its purpose as functions and authorities have been stripped away or absorbed by the National Security Council, Department of Defense, and even agencies traditionally focused on domestic issues.

    For more than 170 years, economic statecraft was led by the Department of State. This changed in 1961 when President Kennedy sought to expand the administrative state, pulling functions and authorities out of the department to create new agencies and organizations, including the United States Trade Representative, which would be responsible for conducting all US trade and investment diplomacy. The justification for pulling these trade and investment functions out of the department was to improve the government’s capacity to prioritize and support US businesses, strengthen the export performance of U.S. industry and assure fair international trade practices. However, it has effectively split our economic interests from our diplomatic priorities, which has resulted in several challenges.

    First challenge is that it has not helped to increase the ability of U.S. businesses to access foreign markets. In practice, the foreign commercial service and foreign agriculture service officers are few in number and often positioned at U.S. embassies without alignment to our foreign policy priorities. When I travel abroad, I routinely meet with FCS personnel who explain that they spend most of their time engaged in trade shows and organizing events with minimal direct work on increasing and securing market access for American businesses. Because they are siloed off from our diplomatic efforts of the Department of State, they are restricted in leveraging the other tools in our diplomatic toolkit to assist American companies.

    Second challenge is that the American market has been left susceptible to predatory foreign competition. Our ability to protect American businesses and workers has been severely hampered, leading to calls from across the country for the executive to act and repatriate entire industries and sectors. President Trump, like his predecessors, has repeatedly said that economic security, economic policy is foreign policy. Unfortunately, we have not implemented the structural reforms needed to mobilize that sentiment.

    Even President Obama asked Congress for the authority to consolidate six agencies with trade and investment functions in 2012. This request was not supported by Congress. Bipartisan administrations have independently come to the same conclusion. The current alignment of functions and agencies charged with leading our economic statecraft effort is in need of structural reform. I agree that economic security is national security, and the key question we’ll be asking today is what structural reforms are necessary to reflect this prioritization. So we intend to answer that question in our committee’s first comprehensive state authorization legislation that we will be doing in more than 20 years.

    ###

    MIL OSI USA News –

  • MIL-OSI: Channel Factory Strengthens North American Leadership to Accelerate Growth and Expansion

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) — Channel Factory, the global brand suitability and contextual advertising company, today announced several strategic leadership appointments to bolster its North American operations and drive the company’s next phase of growth, appointing Kevin Gentzel as President, Americas. Gentzel brings over two decades of experience leading revenue and transformation strategies at some of the world’s most recognized media and technology companies.

    This follows Channel Factory’s recent investment from Truelink Capital, which was specifically designed to help Channel Factory advance its future growth, and this announcement further reinforces that plan.

    In previous roles, Gentzel served as Global Chief Commercial and Growth Officer at Newsweek, was the first Chief Revenue Officer at Gannett and held the position of Head of Advertising Sales for North America at Yahoo. He has also held the position of Chief Revenue Officer at The Washington Post. During his time at The Washington Post as CRO, Gentzel helped lead the company through the Jeff Bezos acquisition. Gentzel was also the first CRO at Forbes Media, and under his leadership, the company developed the Forbes CMO Summit and Practice and launched “AdVoice” (now BrandVoice), an industry-leading version of branded content.

    Gentzel is a sought after voice at top industry conferences and has spoken at events to include Business Insider’s IGNITION, Financial Times’ Digital Media Summit in London, Forbes CMO Summit, and Digiday’s Publishing Summit.

    “As Channel Factory continues to scale and evolve, bringing on exceptional leaders is critical to realizing our vision. Kevin’s ability to drive innovation and business growth at the highest levels of media and technology makes him an invaluable addition to our executive team,” said Tony Chen Founder and CEO of Channel Factory.

    “This leadership investment underscores Channel Factory’s commitment to evolving its executive team to meet the growing needs of the digital media industry and support its ambitious expansion plans,” continued Chen.

    About Channel Factory
    Channel Factory is a global technology and data company that optimizes business performance and enhances brand reputation through ethical and effective contextual targeting. Utilizing proprietary AI and brand suitability technologically , Channel Factory ensures ads are placed on brand-safe, contextually relevant content across YouTube, CTV platforms, and social media, including Meta and TikTok. Through its conscious media planning, Channel Factory is committed to promoting sustainability, diversity, and positive content, helping brands achieve their goals while fostering a healthier digital ecosystem.

    Channel Factory has a presence in 31 countries across the Americas, Europe, the Middle East, Asia, and ANZ, providing advertisers with IAB standard category lists and customized content options in 49+ languages. For more information about Channel Factory, please visit http://www.channelfactory.com.

    Media Contact:
    Andrew Krepow
    andrew@broadsheetcomms.com

    The MIL Network –

  • MIL-OSI USA: Budd, Nehls Introduce Legislation to Allow Flight of Supersonic Civil Aircraft

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)

    Washington, D.C. — U.S. Senator Ted Budd (R-N.C.), a member of the Senate Committee on Commerce, Science, and Transportation, and Congressman Troy Nehls (R-Texas-22), Chairman of the Subcommittee on Aviation for the House Transportation and Infrastructure Committee, introduced the Supersonic Aviation Modernization (SAM) Act, to require the Federal Aviation Administration (FAA) Administrator to issue regulations to legalize civil supersonic flight in the United States.

    For the past fifty-two years, the United States has had a speed limit in the sky. The SAM Act would permit operators to fly aircraft at supersonic speeds within the National Airspace System if no sonic boom reaches the ground.

    “The race for supersonic dominance between the U.S. and China is already underway and the stakes couldn’t be higher. To maintain our global leadership in aerospace innovation, we must modernize air travel by lifting the outdated ban on civil supersonic flight. The Supersonic Aviation Modernization Act paves the way to lift decades-old restrictions, allowing for faster air travel. This is a critical step to ensure America leads the next era of aviation,” said Senator Budd.

    “The United States is home to many ground-breaking innovations and should welcome these innovations so long as public safety isn’t threatened. Our nation’s laws and regulations should encourage these innovations and uplift companies that are leading in industries, including the aviation industry. My legislation cuts regulatory red tape without minimizing safety, and incentivizes further innovation in the aviation industry, helping America remain competitive and the envy of the world,” said Congressman Nehls.

    “Supersonic flight without an audible sonic boom should obviously be allowed. The ban on supersonic has held back progress for more than half a century. I urge Congress to pass the Supersonic Aviation Modernization Act supersonically, so we can all enjoy faster flights and maintain American leadership in aviation,” said Blake Scholl, Founder and CEO of Boom Supersonic.

    “This commonsense legislation maintains safety while clearing the way for innovative technologies to flourish, enabling the United States to keep its competitive edge and remain the global leader in aviation. I commend Sen. Budd, a pilot and recognized aviation champion, for his smart solution to help advance what will be a revolutionary technology,” said Ed Bolen, President and CEO of the National Business Aviation Association.

    Senators Thom Tillis (R-N.C.), Mike Lee (R-Utah), and Tim Sheehy (R-Mont.) joined Senator Budd in introducing the bill.

    Congresswoman Sharice Davids (D-Kan.-3) joined Congressman Nehls in introducing the bill in the House.

    Read the full bill text HERE.

    Background

    14 CFR § 91.817, enacted in 1973, dictates that no person may operate a civil aircraft in the United States at a true flight Mach number greater than 1. This rule prohibits non-military related supersonic flight over the United States, setting an artificial speed limit in the national airspace.

    American companies like Boom Supersonic, have developed quiet supersonic technologies and have already demonstrated that their aircraft can operate above Mach 1 without a sonic boom reaching the ground.

    This is due to a well-known phenomenon called Mach cutoff, in which a sonic boom refracts in the atmosphere and never reaches the ground.

    Despite these innovations, FAA regulations continue to restrict supersonic operations.

    The SAM Act would provide a 12-month window for the FAA to re-examine the existing ban on supersonic flight.

    MIL OSI USA News –

  • MIL-OSI USA: Risch Names Kimberling Insurance as May Small Business of the Month

    US Senate News:

    Source: United States Senator for Idaho James E Risch
    WASHINGTON – U.S. Senator Jim Risch, senior member and former chairman of the Senate Committee on Small Business and Entrepreneurship, announced the selection of Kimberling Insurance in Moscow as the Idaho Small Business of the Month for May 2025. Kimberling Insurance will be recognized for its contribution to Idaho in the Congressional Record of the U.S. Senate. 
    “Kimberling Insurance goes beyond selling insurance and policy plans,” said Risch. “This family business actively serves the Moscow region, enhancing the quality of life in their community. I’m proud to recognize Kimberling Insurance as the May Small Business of the Month.”
    Idaho is consistently ranked on the best places in the country to do business. Each month, Senator Risch selects an Idaho small business that exemplifies the Idaho values of hard work, entrepreneurial spirit, and exceptional commitment to community.

    MIL OSI USA News –

  • MIL-OSI USA: Crapo Statement at Hearing on Trade in Critical Supply Chains

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C.–U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) delivered the following remarks at a hearing entitled, “Critical Supply Chains.”
    As prepared for delivery:
    “Trade has the ability to increase productivity, incomes and the availability of goods.  While we talk often about how the increased supply and choice of goods that come from international trade benefit our consumers, we sometimes forget that this also benefits our producers. 
    “In fact, a majority of what we import each year is reinvested into more manufacturing, processing and farming activity.  Efficient and reliable supply chains help American businesses, farmers and workers expand their production and focus their resources on the high-value aspects of an industry.
    “The issue we must be wary about is when supply chains turn unreliable, in particular because they are controlled by countries that refuse to follow free-market rules, such as China.  As we are all aware, China continues its march toward expanding control over key resources and goods, and thus over the world’s supply chains.   
    “For example, advanced semiconductors increasingly rely on the rare earths mineral dysprosium.  Ninety-nine percent of dysprosium comes from China. 
    “This is not an isolated case where China has dominance over a strategic resource.  China controls over ninety percent of global processing for rare earths minerals and seventy percent for cobalt, which is used in batteries for electric cars, smartphones and other components.
    “The way China uses trade and investment to expand its control over resources outside its own borders is particularly concerning.  Indonesia has 40 percent of the world’s reserves for nickel, the largest of any single country.  Yet, Chinese firms control about 75 percent of Indonesia’s nickel refining capacity. 
    “We need to take a hard look at the reality of our situation and develop an aggressive strategy to counter China. 
    “Our domestic policies are at fault in some instances.  There are things we can produce efficiently here, but burdensome and unnecessary regulation stalls development of many important projects. 
    “We should not have to learn from another economic shock, like the oil embargo of the 1970s—to realize that where we have resources or potential for investment, it must be unleashed. 
    “Both sides of the aisle agree that we need a strong semiconductor industry.  In Asia, new semiconductor fabs are being built and deployed in under three years. 
    “In the United States, the semiconductor industry—one of the safest manufacturing sectors for workers—must contend with a myriad of permitting measures that provide only marginal, if any, benefit.  These permits, however, guarantee increased delays and costs, often adding years to projects. 
    “As part of its economic policy, the Trump Administration has prioritized deregulation as a means to drive economic growth, and I look forward to working with them to rationalize our regulatory system.  
    “In many other cases, geography and geology do not provide the United States with all the natural resources that we require.  Here, the fault rests mainly with the failure to develop an affirmative trade policy.  An affirmative trade policy ensures our consumers and manufacturers have access to the resources that our nation needs to be secure and independent. 
    “Here, for example, the Trump Administration was correct to exempt Canadian potash—a key nutrient for our corn and soy farmers, from recent tariffs.
    “Another key to the Administration’s economic approach is to renegotiate global trade deals, including deals that reclaim America’s lead over China.
    “Critically, these deals will be particularly useful in strengthening supply chains, if they improve market access opportunities.  Our trading partners must respect American investment and afford it the same treatment given to their own companies. 
    “Our partners must also realize that it bolsters their security when they do not inhibit access to cutting-edge American technology, like our state-of-the-art medical devices. 
    “Unfortunately, a number of trading partners use price controls, technology theft, weak intellectual property protections or unreasonable government procurement policies to keep these devices out of their markets.  Such actions only undermine the health of their own citizens, while leaving a strategic opening for China.
    “Today, we have an opportunity to consider these issues carefully.  Our four witnesses are experts on industries critical to America’s economic security.  We should encourage thoughtful debate on how to advance a trade policy that strengthens the security of our supply chains and creates opportunities for all Americans.”

    MIL OSI USA News –

  • MIL-OSI USA: Governor Stein Announces Additional 330 New Jobs Coming to Wayne County Production Facility

    Source: US State of North Carolina

    Headline: Governor Stein Announces Additional 330 New Jobs Coming to Wayne County Production Facility

    Governor Stein Announces Additional 330 New Jobs Coming to Wayne County Production Facility
    lsaito

    Raleigh, NC

    Today Governor Josh Stein joined business leaders and local officials to announce a major expansion for Prolec-GE Waukesha, Inc., one of the nation’s largest manufacturers of power transformers. The company will add 330 new jobs as it invests $140 million to build a second manufacturing facility in Goldsboro.

    “Prolec GE’s expansion in North Carolina further solidifies the state as a manufacturing powerhouse across all sectors,” said Governor Josh Stein. “Our strong economy and world-class workforce continue to give businesses the confidence to keep investing in North Carolina. We’re excited about Prolec GE’s commitment to Wayne County.”

    Prolec GE Waukesha is a subsidiary of GE Prolec Transformers, Inc., a U.S. joint venture between Xignux and GE Vernova, and is headquartered in Waukesha, Wisconsin. Prolec GE Waukesha engineers, manufactures, installs, and services high-quality power transformers for investor-owned utilities, co-ops, municipalities, renewable project developers, data centers and other industrial sites. The company will build a new state-of-the-art manufacturing plant at its existing site to support the growing demand for power grid capacity in the United States. With new, sophisticated equipment, this expansion will double the Goldsboro facility’s current production volume of medium power transformers.

    “It is essential for government, industry, and community leaders to collaborate early and frequently to drive growth in the manufacturing sector,” said Juan Ignacio Garza Herrera, Xignux CEO and Prolec GE Chairman. “This $140M investment reflects our long-term commitment to creating sustainable value for North America’s energy market and our pride in energizing life and society to contribute to a better world. Our collaboration with the state of North Carolina, Wayne County, and our joint venture partner, GE Vernova, will be instrumental in helping us turn this commitment into something tangible that will benefit our customers and all those that rely on the country’s power grid.” 

    “It’s not a coincidence that another energy company is deepening its roots in North Carolina,” said Commerce Secretary Lee Lilley. “Prolec GE’s expansion is a vote of confidence in our workforce training efforts, infrastructure improvements, and recruitment tools that are attracting growing companies to every corner of the state.”

    While salaries for the new positions will vary, the average annual salary is expected to be $71,912, which exceeds the Wayne County average of $46,211. These new jobs could create a potential annual payroll impact of more than $23.7 million to the local economy.

    Prolec GE’s operation in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.05 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $4,696,000, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 106 percent, meaning for every dollar of potential cost to the state, the state receives $2.06 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

    “On behalf of Wayne County, we welcome Prolec GE’s expansion. The new jobs and the investment into our county will bring economic growth and stability to Eastern NC,” said Senator Buck Newton. “The people of Wayne County will continue to support this company as it grows to its full potential insuring the equipment necessary to provide reliable energy is made in America. I am looking forward to witness the benefits this project will bring.”

    “Announcements like these happen through collaboration,” said Representative John R. Bell, IV. “With the partnership and diligence of our state and local officials, as well as the economic developers, we’re able to inject another surge of energy into our regional economy through Prolec GE’s expansion.”

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Community College System, Wayne Community College, North Carolina Global TransPark Economic Development Region, Wayne County, Wayne County Development Alliance, North Carolina’s Southeast, and Duke Energy. 

    May 14, 2025

    MIL OSI USA News –

  • MIL-OSI: Notice Regarding Uab „orkela“ Financial Statements for 3-Month Period Ended 31 March 2025

    Source: GlobeNewswire (MIL-OSI)

    Key Information About the Company

    UAB „Orkela“ (hereinafter – the Company) is a private limited company, registered with VĮ „Registrų centras“ on September 24, 2015.

    Registered office address: Jogailos g. 4, Vilnius. The Company has no branches or representative offices.

    Main Business Activities

    The Company’s primary activity is real estate development and construction. The Company owns a land plot and a building complex located at Vasario 16-osios g. 1, Vilnius. The Company is developing a lyceum and hotel complex near St. Philip and St. Jacob Church and Monastery in Vilnius.

    Key Events in Q1 2025

    • January 9, 2025 – A bondholders’ meeting was held, where a decision was made to extend the bond redemption deadline until July 19, 2025.
    • April 10, 2025 – The State Territorial Planning and Construction Inspectorate under the Ministry of Environment approved the completion of the construction of the administrative part of the development project.

    Financial Overview for Q1 2025

    • During the first quarter of 2025, the Company invested €9.7 million in project development.
    • During this period, the Company incurred €269.8 thousand in project-related expenses and €892.7 thousand in project financing costs.
    • As of March 31, 2025, the Company’s assets totaled €60,825 thousand (compared to €52,376 thousand as of December 31, 2024).

    Anastasija Pocienė

     Director, UAB „Orkela“

    Attachment

    The MIL Network –

  • MIL-OSI Global: M&S cyberattacks used a little-known but dangerous technique – and anyone could be vulnerable

    Source: The Conversation – UK – By Hossein Abroshan, Senior Lecturer, School of Computing and Information Science, Anglia Ruskin University

    The cyberattack that has targeted Marks & Spencer’s (M&S) is the latest in a growing wave of cases involving something called sim-swap fraud. While the full technical details remain under investigation, a report in the Times suggests that cyber attackers used this method to access M&S internal systems, possibly by taking control of an employee’s mobile number and convincing IT staff to reset critical login credentials.

    Sim-swap fraud is not a new phenomenon, but it is becoming increasingly dangerous
    and more prevalent. According to CIFAS, the UK’s national fraud prevention service, Sim-swap incidents have surged from under 300 in 2022 to almost 3,000 in 2023. What had been mainly a risk to cryptocurrency investors or online influencers is now much more prevalent.

    This form of cyberattack shows how major companies and ordinary people can be compromised through a tactic that exploits human factors, such as trust and how we have built our digital identities around mobile phones.

    Sim-swap fraud begins when a scammer convinces a mobile operator to transfer a victim’s number to a new sim card, or even an esim (one that’s embedded in the device), under the scammer’s control.

    This can be done over the phone, through an online chat, or even with the help of a
    bribed insider. Once the number is transferred, all calls and texts intended for the victim are redirected to the scammer. This includes those crucial verification codes used for logging into email, banking, messaging apps such as WhatsApp, and government services such as HMRC.

    This alone would be dangerous. But what makes sim-swap fraud so influential is
    that the cyber scammer often already has access to a patchwork of personal data
    about their target. That information may have been collected from data breaches,
    phishing attacks, low-reputation websites, or even the victim’s social media.

    People often underestimate the extent to which they reveal themselves online: a birthday posted on Instagram, a phone number included in a job posting, or a home address used in an online giveaway. Scammers combine this data to build a convincing profile, enough to fool a mobile operator’s customer service staff into believing they’re talking to the real account holder.

    How the sim-swap fraud works

    Once the scammer gains control of a number, the consequences are extensive.
    Attackers can access sensitive information, including personal documents and
    request and receive password reset links for the user’s other accounts. They can log in to WhatsApp or Telegram accounts, read private messages, impersonate the user, and even contact friends or family members to conduct further scams.

    The victims might see false messages posted in their names or fraudulent transactions made from their accounts. This can lead to financial loss, reputation damage, as well as emotional and mental health issues on the part of the victims.

    In the case of M&S, attackers apparently used this access to manipulate internal
    processes and gain access to sensitive systems. This highlights a broader risk:
    many companies still rely on phone numbers as a secondary verification method for
    staff, making their systems vulnerable to the same cyberattack used against
    individuals.

    How sim-Swap fraud works.
    Hossein Abroshan

    Reducing the risk

    While real-time detection of mobile number hijacking remains difficult, taking specific steps can significantly reduce the likelihood of being targeted and victimised. People should avoid sharing personal data unnecessarily, especially across multiple platforms and, very importantly, on unknown or untrusted websites.

    Many attackers don’t obtain all the necessary information from a single source. Instead, they collect it incrementally, using public profiles, marketing databases and past leaks to form a comprehensive picture.

    Being mindful of where you share your phone number, birthday or other identifiers can make it harder for others to impersonate you. It is also crucial to learn how phishing works and how to recognise it, so you will not submit your sensitive information to phishing or fake websites.

    Avoiding SMS-based authentication, where possible, is another key step. Many
    services now support authenticator apps, such as Google Authenticator, Microsoft Authenticator, Due or Authy, which are not tied to your mobile number. For mobile
    accounts themselves, setting up a unique pin or password to your account, which
    must be provided to authorise any changes, can add an extra layer of protection. This makes it harder for someone to initiate a sim swap without that code. However, users alone cannot fulfil this duty.

    Mobile network operators must strengthen identity verification practices, moving beyond basic questions about names and addresses that can be easily gathered or guessed. Banks and other financial institutions should reconsider using SMS or, at the very least, SMS-only as the default method for sensitive authentication. And companies, particularly those handling personal data or financial assets, need to train their IT and customer service teams to recognise the signs of identity based attacks.

    Sim-swap fraud is effective not because it’s highly technical, but because it exploits our trust in phone numbers for identity verification. The M&S case and similar examples show how fragile that trust can be – and why securing our mobile identities is no longer optional.

    Hossein Abroshan 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. M&S cyberattacks used a little-known but dangerous technique – and anyone could be vulnerable – https://theconversation.com/mands-cyberattacks-used-a-little-known-but-dangerous-technique-and-anyone-could-be-vulnerable-256739

    MIL OSI – Global Reports –

  • MIL-OSI USA: Congresswoman Tenney Celebrates the Passage of the One Big Beautiful Bill from the Ways and Means Markup

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24) today released the following statement on the passage of “The One, Big, Beautiful Bill” from the House Ways and Means Committee Markup.

    “Today, the House Ways and Means Committee voted to advance our portion of the One, Big, Beautiful Bill to deliver on President Trump’s America First agenda. This landmark legislation makes several aspects of the 2017 Trump Tax Cuts permanent, including reduced tax rates for individuals and families, the doubled standard deduction, and the doubled child tax credit. Not only did we extend this tax relief for families and prevent a 25% tax hike on taxpayers in NY-24, but we also made permanent the 199A Small Business Deduction that was set to expire at the end of 2025, protecting 40,720 small businesses in NY-24 from being hit with a 43.4% tax rate. While this legislation did not include all of my initiatives, including the New Markets Tax Credit, Technology for Energy Security, BASIC Act, Susan Muffley Act, the High-Quality Charter Schools Act and various other legislative priorities, I understand that individual priorities do not take precedence over ensuring that American families, workers, and businesses do not face the largest tax hike in the history of our country. House Republicans are moving ahead with President Trump’s One, Big, Beautiful Bill, working to solidify the promises we made to the American people by strengthening our economy and providing direct tax relief to families, farmers, and small businesses in rural America,” said Congresswoman Tenney.

    Highlights of this portion of the One, Big, Beautiful Bill include language to:

    • Make the 2017 Trump Tax Cuts permanent, preventing a 25% tax hike on taxpayers in NY-24.
    • Renew and make permanent the 199A small business deduction critical for the success of Main Street.
    • Save the average American family $1,700, the equivalent of 9 weeks of groceries.
    • Establish Savings Accounts for newborns.
    • Increase the university endowment tax.
    • Repeal the 1099-K gig worker reporting threshold, which would require Venmo, PayPal, and gig transactions over $600 to be reported to the IRS.
    • Enhance the Opportunity Zone program to create over $100 billion in new investments in 10 years.
    • Deliver on President Trump’s no tax on tips priority.
    • Create 6 million jobs for American workers.
    • Extend and expand the doubled Death Tax Exemption for 2 million family-owned farms.
    • Modernize and enhance the Low Income Housing Tax Credit, a critical tool to help address our nation’s ongoing housing shortage.
    • Terminate the tax-exempt status of terrorist-supporting organizations.

    ###

    MIL OSI USA News –