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Category: Business

  • MIL-OSI USA: Statement by Commissioner Summer K. Mersinger on her Departure from the Commodity Futures Trading Commission

    Source: US Commodity Futures Trading Commission

    After careful consideration, long discussions with my family, and lots of prayers, I have decided to step down from my position as Commissioner at the Commodity Futures Trading Commission (“CFTC”) at the end of the month, to pursue new opportunities.  This decision is not easy, and it breaks my heart to leave the agency that I have grown to love so much over the last five years.  It has been a privilege to work and serve at the CFTC in both the first and the current Trump Administrations, doing my part to assist in pursuing the President’s important policies. 
    While I have spoken often of my agricultural roots, I have not spent much time talking about my upbringing.  My parents did not go to college.  They went straight from high school to the workforce. My dad worked from the early morning hours until late at night, and my mom sometimes worked two jobs to make ends meet.  We lived in a small trailer house, our family outings were church on Sunday, and the only time we ate out was when our church hosted a potluck lunch after Mass.  Despite the lack of material comforts, we never lacked love, support, or encouragement.  My parents sacrificed so that my siblings and I could live out our dreams.
    My background really is not unique or noteworthy, and I suspect many Americans share a similar life story.  I share this to explain just how grateful I am for the opportunities I have had throughout my life.  When I started answering phones for Congressman John Thune in the summer of 1999, I could not possibly imagine the career opportunities before me, and I am still in awe today.  I owe a huge debt of gratitude to my parents who worked to support my dreams, and to Majority Leader John Thune who took a chance on a small-town kid from Onida, South Dakota.
    Over the last three years as a commissioner, I have been incredibly fortunate to be surrounded by a stellar team who made me look good every day.  Thank you to Terry Arbit, Libby Mastrogiacomo, Josh Beale and Tim Achinger for sharing your brilliant legal minds and for all the hours and effort you selflessly contributed over the years. 
    Thanks to Lauren Fulks, an absolute hidden gem in the agency, who took my vision for the Energy and Environmental Markets Advisory Committee (“EEMAC”) and made it a reality, and Lillian Cardona and JonMarc Buffa for diligently working with an extraordinary team of professionals to create masterful reports from our EEMAC subcommittees. 
    A special thanks to the members of the EEMAC for their intellectual curiosity and willingness to go “off-road” in the pursuit of understanding America’s energy sector. 
    I also want to thank LaTasha Pate and Janet Schmautz for keeping the office, and the staff, running smoothly. 
    And finally, I need to say thank you to my chief of staff, Chris Lucas.  The title of chief of staff does not come close to covering all of Chris’s duties over the last few years.  Chris was the optimism to my realism, the morning person to my hatred of anything happening before 10 am, my cheerleader, and the voice of reason when I needed someone to tell me the hard truth. 
    Thank you to all my staff for working so hard on my behalf and on behalf of the CFTC and, most importantly, thank you for your willingness to tell me “No” when I needed to hear it.
    I will miss the work and my fellow commissioners, who have become close friends.  But most of all, I will miss the amazing team at the CFTC.  The talented staff at this agency are true public servants committed to fulfilling the agency’s mission.  They are the heart of the agency and of great value to the United States government. It has been an honor to both work with you and learn from you.  Thank you.
    I have always loved the following quote from A.A. Milne, and I can think of no better words to express my sentiment as I prepare to step into the next adventure in my career: 
    “How lucky am I to have something that makes saying goodbye so hard.” 

    MIL OSI USA News –

  • MIL-OSI USA: Senate Unanimously Passes Grassley-Durbin Resolution Recognizing National Police Week

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa), Ranking Member Dick Durbin (D-Ill.) and 79 bipartisan senators welcomed the Senate’s unanimous passage of their resolution designating May 12 through 17 as National Police Week. The National Police Week resolution reiterates the Senate’s unwavering support for law enforcement officers across the United States. 

    “Law enforcement officers in Iowa and across the nation work tirelessly to protect and serve our communities. This week, and every week, we should give our thanks to the brave men and women in blue, who have sacrificed so much to ensure our safety,” Grassley said. “As always, I’m proud to back the blue and will continue my efforts in Congress to protect and support our courageous officers.” 

    “Every day, our country’s law enforcement officers put their lives at risk to keep us safe. Officers and their families make great sacrifices in the name of service, including the tragic cases of those who have lost their lives in the line of duty. We’re grateful for their heroism, and we must make sure that officers serving with dignity and integrity have the support and resources they need to do their jobs,” Durbin said. 

    Grassley and Durbin are joined by Sens. Lindsey Graham (R-S.C.), Angus King (I-Maine), Ashley Moody (R-Fla.), Catherine Cortez Masto (D-Nev.), Susan Collins (R-Maine), Ben Ray Lujan (D-N.M.), Tim Sheehy (R-Mont.), Richard Blumenthal (D-Conn.), John Kennedy (R-La.), Christopher Coons (D-Del.), Tim Scott (R-S.C.), Ruben Gallego (D-Ariz.), Jim Risch (R-Idaho), Peter Welch (D-Vt.), Mitch McConnell (R-Ky.), Tim Kaine (D-Va.), Tommy Tuberville (R-Ala.), Amy Klobuchar (D-Minn.), Rand Paul (R-Ky.), Raphael Warnock (D-Ga.), Mike Crapo (R-Idaho), Brian Schatz (D-Hawaii), Cynthia Lummis (R-Wyo.), Alex Padilla (D-Calif.), Jim Justice (R-W.Va.), John Fetterman (D-Pa.), Katie Britt (R-Ala.), Jacky Rosen (D-Nev.), Jerry Moran (R-Kan.), Sheldon Whitehouse (D-R.I.), John Barrasso (R-Wyo.), Jeanne Shaheen (D-N.H.), Shelley Moore Capito (R-W.Va.), Kirsten Gillibrand (D-N.Y.), Rick Scott (R-Fla.), Jon Ossoff (D-Ga.), Pete Ricketts (R-Neb.), Tammy Duckworth (D-Ill.), Jim Banks (R-Ind.), Mark Kelly (D-Ariz.), Kevin Cramer (R-N.D.), Andy Kim (D-N.J.), Joni Ernst (R-Iowa), Tammy Baldwin (D-Wis.), Ted Budd (R-N.C.), Gary Peters (D-Mich.), Thomas Tillis (R-N.C.), Maria Cantwell (D-Wash.), Cindy Hyde-Smith (R-Miss.), Mark Warner (D-Va.), Roger Marshall (R-Kan.), Elissa Slotkin (D-Mich.), Steve Daines (R-Mont.), Margaret Hassan (D-N.H.), Marsha Blackburn (R-Tenn.), Adam Schiff (D-Calif.), Deb Fischer (R-Neb.), Michael Bennet (D-Colo.), Lisa Murkowski (R-Alaska), Bill Hagerty (R-Tenn.), John Hoeven (R-N.D.), John Cornyn (R-Texas), Mike Lee (R-Utah), Mike Rounds (R-S.D.), John Thune (R-S.D.), Bernie Moreno (R-Ohio), Ted Cruz (R-Texas), Tom Cotton (R-Ark.), Jon Husted (R-Ohio), James Lankford (R-Okla.), Roger Wicker (R-Miss.), Eric Schmitt (R-Mo.), Markwayne Mullin (R-Okla.), Todd Young (R-Ind.), Josh Hawley (R-Mo.), Dan Sullivan (R-Alaska), Dave McCormick (R-Pa.), Cory Booker (D-N.J.), Bill Cassidy (R-La.) and John Boozman (R-Ark.). 

    Read the resolution HERE. 

    Background:

    Every year, for more than six decades, Congress has passed a resolution in honor of law enforcement officers. During National Police Week, Americans pay special tribute to the service and sacrifice of courageous officers and their families, especially our nation’s fallen heroes. 

    Grassley is a long-time law enforcement advocate. This Congress, he’s introduced legislation to boost investment in local police departments, combat retail theft and violent crime, safeguard first responders from narcotics exposure and protect officers from ambush-style attacks. 

    On Thursday, May 15, at 10:15 a.m. ET, Grassley will chair a Senate Judiciary Committee executive business meeting to consider eight bills to support law enforcement. 

    -30-

    MIL OSI USA News –

  • MIL-OSI: PFMcrypto Introduces 1-Day Earning Plans as User Base Reaches 9.2 Million Across 192 Countries

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 14, 2025 (GLOBE NEWSWIRE) — PFMcrypto, the most trusted cloud mining platform in 2025, has launched new 1-day earning plans to provide users with additional flexibility in generating passive cryptocurrency income. This development follows continued growth for the platform, which now serves over 9.2 million users in 192 countries.

    Founded in 2018, PFMcrypto enables individuals to earn cryptocurrency digital assets through a low-cost structure. The platform operates without requiring users to make deposits or connect external wallets. Its features are designed to accommodate both new and experienced users seeking low-barrier access to short-term earnings.

    Users can learn more and register at https://PFMcrypto.net.

    Platform Highlights

    • $10 Bonus for New Users: Upon registration, users receive a $10 credit in digital assets with no financial commitment.
    • Flexible Plans: Income cycles of 1, 2, or 5 days are available for users to activate.
    • AI-Based Optimization: The platform uses an automated system to switch between cryptocurrencies such as BTC, ETH, and SOL based on market trends.
    • Fast Withdrawals: Earnings are processed within 1 to 5 minutes, and users incur no withdrawal or maintenance fees.
    • Security Framework: Safety measures include cold wallet storage, two-factor authentication (2FA), and blockchain-based smart contracts.
    • Compliance Protocols: PFMcrypto enforces Know Your Customer (KYC) policies in line with international regulations.

    PFMcrypto has been recognized by Global Fintech Insights as the “Most Innovative Digital Asset Platform of 2025.” It supports 11 cryptocurrencies and is accessible in 10 languages. Verified user feedback reflects a satisfaction score of 4.7 out of 5 from over 1.4 million reviews.

    According to data published by Blockchain Analytics Group, digital asset tools with simplified structures and shorter earning cycles are seeing increased adoption globally. Platforms that eliminate traditional financial barriers while maintaining user control are gaining traction among individuals looking for additional income streams.

    An independent case study noted that a user generated $2,400 in digital asset returns over 30 days using the platform’s optimization features. PFMcrypto reports that such outcomes are possible due to its automated real-time switching between supported currencies, designed to reflect prevailing market performance.

    About PFMcrypto

    PFMcrypto is a cloud-based digital asset platform focused on providing access to passive cryptocurrency income without requiring deposits, technical skills, or hardware. Operating across 192 countries, the platform emphasizes transparency, accessibility, and regulatory compliance.

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4196cd29-edcc-429b-bd7c-a7ddf7c0de1f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e3801aa5-57f0-47fb-ac58-fe1a2d4c0dba

    The MIL Network –

  • MIL-OSI Banking: APEC Education Ministers Issue Joint Statement Jeju, Republic of Korea | 14 May 2025 Issued by the 7th APEC Education Ministerial Meeting APEC Education Ministers have issued a joint statement reaffirming the central role of education in promoting sustainable economic growth and regional prosperity amid accelerating digital transformation.

    Source: APEC – Asia Pacific Economic Cooperation

    APEC Education Ministers have issued a joint statement reaffirming the central role of education in promoting sustainable economic growth and regional prosperity amid accelerating digital transformation.

    Gathering in Jeju under the theme “Bridging Educational Gaps and Promoting Sustainable Growth in the Era of Digital Transformation: Innovate, Connect, Prosper,” ministers emphasized the importance of regional cooperation to strengthen digital learning infrastructure, enhance education quality and equip learners with the skills needed to navigate a rapidly evolving technological landscape.

    The joint statement highlights the potential of artificial intelligence and emerging technologies to improve learning outcomes through personalized education. Ministers acknowledged that AI-powered tools—such as adaptive learning platforms—can help students address knowledge gaps and build strong academic foundations. To support this shift, they stressed the need to build teachers’ digital competencies through professional development and peer learning.

    Ministers encouraged greater collaboration across APEC economies to expand access to digital resources, share best practices, and develop policies that promote educational innovation. They reaffirmed support for initiatives under the APEC Education Strategy (2016–2030), the Arequipa Goals and the La Serena Roadmap to advance educational opportunities for all.

    The joint statement also further recognized the role of Technical and Vocational Education and Training (TVET) and lifelong learning in helping learners build future-ready skills and adapt to the changing demands of the digital economy.

    Read the Joint Statement of the 7th APEC Education Ministerial Meeting “Bridging Educational Gaps and Promoting Sustainable Growth in the Era of Digital Transformation: Innovate, Connect, Prosper

    Read the Chair’s Statement on the 7th APEC Human Resources Development Ministerial Meeting APEC Korea 2025

    For more information or media inquiries, please contact:
    [email protected]

    MIL OSI Global Banks –

  • MIL-OSI USA: Dingell Remarks on Republican Budget Proposal to Cut Health Care from Millions of Americans

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    Congresswoman Debbie Dingell (MI-06) opened today’s Energy and Commerce Committee Markup on the Republican budget proposal by sharing the story of a Michigan family from Warren whose six-year-old son, George, has Down syndrome, and relies on Medicaid to get the care he needs.

    The independent Congressional Budget Office (CBO) determined that at least 13.7 million more Americans will go uninsured on Trump and Congressional Republicans’ watch.

    New analysis from the nonpartisan CBO found the health provisions in Energy and Commerce Committee Republicans’ bill will cut at least $715 billion and will result in at least 8.6 million more Americans going uninsured because of cuts to Medicaid and the Affordable Care Act. In additional analysis, CBO determined 5.1 million more Americans will go uninsured as a result of Republicans refusing to extend the Affordable Care Act tax credits, as well as full implementation of the Marketplace Integrity Rule.

    Watch Dingell’s remarks here, and read them below.

    “Thank you, M. Chair,

    Please meet George, who I met this morning, who is full of energy – and my office somehow survived.

    Welcome, George. Here’s the letter I got from his mom:

    ‘Our son, George, is six and has Down’s Syndrome. We adopted him at 3 weeks old. Losing Medicaid would cripple our family, absolutely destroy us. We’ve been very lucky until now because of Medicaid. It’s been very instrumental for our family’s ability to survive. My husband and I both primarily do gig work, both employed full time, but we don’t have workplace insurance. It’s not super reliable for the kinds of jobs we do, so we have marketplace insurance. It’s a huge fear that we’d lose Medicaid, because it’s necessary for our family’s lives.

    ‘The disability world, our community, is really worried about cuts to Medicaid. The general narrative right now is one of terror.

    ‘It’s a death sentence to cut Medicaid. It’s intrinsically and undeniably tied to disability rights and justice in our country. If we’re not serving our most vulnerable children, what are we even doing as a country? You’re leaving families with no options and putting us in an impossible position. It’s so obvious that they don’t care about disabled people or poor people.’

    They cared strongly enough to come.

    There’s a poll this week that shows 83% of people in Michigan support Medicaid. 2.6 million people get health insurance through Medicaid in Michigan, representing approximately 1 in 4 Michiganders. Medicaid provides coverage for 38% of births in Michigan, 2 in 5 children, 3 in 5 nursing home residents, and 3 in 8 working-age adults with disabilities.

    And I want to say to my colleagues, Michigan’s Medicaid program is efficient with per-enrollee costs among the 10 lowest in the country. To all my colleagues who say you’re cutting waste and fraud, Medicaid is 22% more cost-effective than any private insurance plan. We have to protect George, other children, seniors in nursing homes, and people with disabilities.

    Please don’t say you’re not going to hurt them, because many things in this bill are a back-door way of doing so.

    Thank you and I yield back.”

    Watch a live stream of the Committee markup here. 

    MIL OSI USA News –

  • MIL-OSI Africa: Africa’s Oil Frontiers Urged to Accelerate Development at Invest in African Energy (IAE) 2025

    Source: Africa Press Organisation – English (2) – Report:

    PARIS, France, May 14, 2025/APO Group/ —

    African oil and gas markets must act swiftly to turn exploration wins into production success if they hope to emulate the rapid energy transformation seen in Guyana. This was the consensus from panelists speaking on the Exploring New Territories: Technology Innovation in African E&P panel at the Invest in African Energy Forum in Paris on Tuesday.

    “My advice to Namibia is to capture the moment and do whatever you can to support companies, in terms of an enabling environment, to develop and produce. Great exploration success is nothing if it’s not produced,” said Gil Holzman, CEO of Eco (Atlantic) Oil & Gas.

    Eco (Atlantic) has been active in Namibia since 2009 and currently holds four blocks in the Walvis Basin, along with Block 3B/4B in the Orange Basin, where it plans to drill a first exploration well by the end of this year or early 2026 with its joint venture partners. Last year, the company also acquired a 75% operating stake in Block 1 in the Orange Basin.

    Referencing Guyana’s path to production, where over 13 billion barrels have been discovered and output is expected to reach one million barrels per day by 2026, Holzman noted: “Proximity to the U.S. and the fact that Guyana didn’t have existing infrastructure opened the door for international companies to set the tone – in line with PSCs – to bring in technology and expertise.”

    Drawing clear parallels between international success stories and emerging opportunities in Africa, Jean-Marc Kloss, Managing Director for West Africa at SLB, emphasized the role of global collaboration and talent mobility in accelerating project timelines.

    “Fast-tracking development in Africa is possible,” he said. “From exploration to discovery to drilling, there is a lot of learning, technology and people that we have brought in from Guyana. We are in a global environment.”

    He pointed to Brazil and Nigeria to underscore Africa’s untapped potential and the need for greater project sanctioning. “Brazil has 30 deepwater rigs – Nigeria has one. Brazil has 54 FPSOs – Nigeria has 14. There is huge potential, unbelievable resources in Africa,” Kloss said. “There has been no sanction of a deepwater project in years – the first one was the $5 billion [UTM FLNG facility] last year.”

    Arthur Ename, Vice President, Global Accounts, Africa at NOV, emphasized the difference between drilling success and actual resource monetization.

    “It’s one thing to drill – it’s another to produce the reserve that is underground. Eni did extremely well with [the Baleine project in Ivory Coast] by bringing infrastructure in-country that allowed them to start production very fast.”

    Moderated by Justin Cochrane, Director of African Regional Research at S&P Global Commodity Insights, the panel made clear that while Africa has entered a promising new chapter in exploration, translating that promise into value will depend on swift regulatory decisions, infrastructure planning and technology transfer.

    MIL OSI Africa –

  • MIL-OSI Africa: TotalEnergies’ Mike Sangster Talks Multi-Energy Strategy at Invest in African Energy (IAE) 2025

    Source: Africa Press Organisation – English (2) – Report:

    PARIS, France, May 14, 2025/APO Group/ —

    Mike Sangster, Senior Vice President for Africa at TotalEnergies, outlined the company’s multi-energy strategy in Africa at the Invest in African Energy (IAE) 2025 Forum in Paris. Speaking during a one-on-one conversation with America Hernandez, Energy Correspondent at Reuters, Sangster said that the company is committed to producing more energy in a sustainable manner.

    In the oil sector, TotalEnergies continues to invest in established markets such as the Republic of Congo and Angola as well as in emerging markets such as Namibia, Uganda and South Africa. According to Sangster, TotalEnergies’ African portfolio constitutes half of the company’s operated production globally. “The largest part of our exploration budget is also in Africa,” he said.

    In South Africa, the company hopes to start drilling in 2026. The company is currently awaiting the requisite permits. In Namibia, the company is spearheading efforts to produce first oil by 2029 through its Venus project. A field development plan is currently underway, with plans to make a final investment decision by Q4, 2026. Given the complexity of the deepwater project, Venus will target oil production.

    “The site is extremely remote, 300 km offshore and at a depth of 1,900 m,” Sangster said, highlighting that much of the associated gas discovered would need to be reinjected.

    Monetizing Africa’s natural gas resources through LNG deployment and flare reduction represents a core part of TotalEnergies’ African strategy. “Part of our growth target is focused on LNG,” Sangster stated, adding that “we finished routine flaring in Nigeria, Gabon and Angola. In the Republic of Congo, we will eliminate flaring this year.”

    In Nigeria, TotalEnergies is ramping up gas investments to support both local energy needs and exports. “It’s important to monetize gas and its reservoirs,” Sangster noted. “In Nigeria, there are significant reserves and we are actively developing this sector. There are high-quality fields that can also serve export markets.”

    Beyond oil and gas investments, TotalEnergies’ broader energy strategy includes the development of renewable energy projects. Sangster reiterated TotalEnergies’ rebranding from an oil major to a multi-energy company, stating that “It makes sense to expand integrated energy activities. We have invested in renewables, green hydrogen and even mining in Africa. The future of our industry is integrated energy combined with new technologies to meet growing demand sustainably.”  

    Meanwhile, TotalEnergies is committed to supporting capacity building across the markets in which it operates. Sangster explained that through projects such as Tilenga, TotalEnergies “has generated around 20,000 direct jobs in Uganda and Tanzania. We are also training 200 local people. These are high-paying jobs that will be there for the next 20 years.”

    In Nigeria, TotalEnergies works closely with local educational institutions to transfer skills and enhance capacity building. “In Nigeria, we have the Petroleum Institute, and we’re fully committed to developing [capacity] in the country,” Sangster said. These initiatives not only support the development of projects, but create tangible opportunities for local communities. 

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: Remarks by CE at media session in Kuwait City (with photo)

    Source: Hong Kong Government special administrative region

    The Chief Executive, Mr John Lee, concluded the visit of the business delegation comprising representatives from Hong Kong and Mainland enterprises to Middle East together with the Chairman of the Hong Kong Trade Development Council, Dr Peter Lam; the Chairman of the Hong Kong General Chamber of Commerce, Ms Agnes Chan; and the Chairman of the Dongchao Information Technology (Shanghai) Company Limited, Mr Wang Chaoyou, in Kuwait City, Kuwait, today (May 14, Kuwait City time). Following are the remarks by Mr Lee:

    Chief Executive: Today marks the final day of our visit to Kuwait. I would like to extend my gratitude to the Kuwaiti Government for its high-level hospitality and meticulous arrangements. I am particularly grateful to the Kuwaiti Government for arranging the government team to stay at Bayan Palace. We are particularly grateful to the Acting Prime Minister for hosting the whole delegation for lunch at the Palace, leaving an unforgettable memory amongst all members of the delegation.

    Yesterday, I met with His Highness the Amir of Kuwait, followed by the meeting with His Highness the Crown Prince. And then I also met the Acting Prime Minister, who hosted a roundtable discussion attended by senior Kuwaiti officials. We share a common commitment to deepening bilateral co-operation in trade, investment and cultural exchanges.

    During our visit to Kuwait, we signed and reached 24 Memoranda of Understanding (MOUs) and co-operation agreements, spanning across trade, investment, financial services, technology, legal co-operation, customs facilitation, aviation, tertiary education, etc.

    Today is the last day of our Middle East visit. I would like to do a sum-up of my four-day visit to Kuwait and Qatar. The delegation comprised Hong Kong and Mainland business leaders. We achieved three key objectives:

    1. To strengthen government-to-government relations;
    2. To find new areas of collaboration;
    3. To make friends, and extend our network.

    The visit is successful, particularly in six areas.

    First, we strengthened relations between the Hong Kong Special Administrative Region (HKSAR) Government and the governments of Qatar and Kuwait, establishing collaborative consensus.

    Second, the visit resulted in a total of 59 MOUs and agreements, 35 in Qatar and 24 in Kuwait, spanning across diverse areas and laying a robust groundwork for multifaceted co-operation.

    Third, we deepened mutual understanding and strengthened commercial and trading networks. Delegation members have expanded their network and connections, promoting the strengths and opportunities of Hong Kong and the Mainland to partners in Qatar and Kuwait.

    Fourth, we showcased Hong Kong’s unique role under “one country, two systems” as a “super connector” and “super value-adder”, bridging global opportunities. I invited, for the first time, over 20 Mainland enterprise representatives to join the delegation, reflecting the synergy between Hong Kong and the Mainland. We together aim to provide end-to-end supply chain solutions for the Middle East and beyond.

    Fifth, we bolstered ties with Gulf Cooperation Council (GCC) member states. We created broader opportunities. Plus the two countries I have visited during my last Middle East visit, we have now visited four of the six GCC member states, representing two-thirds of the bloc and 90 per cent of its population The HKSAR Government is now actively exploring a free trade agreement with the GCC to further access this vital market.

    Sixth, we advanced people-to-people exchanges. Two days ago, I announced Qatar’s new 30-day visa-free arrangement for HKSAR passport holders. I am pleased now to further announce that the UAE (United Arab Emirates) will grant Hong Kong 30-day visa-free access starting May 15, while Oman will on the same date extend its visa-free period from 10 days to 14 days.

    In meetings with leaders and officials, I appreciated their forward-looking vision and understanding of Hong Kong’s unparalleled advantages under “one country, two systems” as a bridge between the Mainland and the world. Middle East countries are seeking diversification of risks and looking for opportunities in China and the HKSAR in order to join the tide of the global economic shift towards the East. In this, Hong Kong has boundless opportunities.

    Reporter: I just have a couple of questions for you, please. Can you talk to us about the relationship between Kuwait and Hong Kong in particular, and Kuwait and China in general? The second question is about the Memoranda of Understanding that you have signed yesterday and today. How can you describe them? And how do they benefit the relations between Kuwait and Hong Kong?

    Chief Executive: We have a very strong foundation of understanding and co-operation with Kuwait. Kuwait is the first country to sign two agreements together with Hong Kong. One is the agreement on investment protection and promotion, and another agreement is about the avoidance of double taxation. That speaks for the strong link, which has been established long ago between Hong Kong and Kuwait. We have been inspired by the Kuwait Vision 2035, which covers many areas in full alignment with what Hong Kong is doing and focusing on. The Kuwait Vision 2035 covers areas to transform Kuwait into financial centre, trading centre, infrastructure-building, human capital development, healthcare, sustainability, and also building Kuwait into a country of influence in this region and globally.

    Hong Kong has a vision very similar to Kuwait in this regard. Hong Kong is a financial centre, and is a shipping and trading centre, and we are developing Hong Kong into an I&T (innovation and technology) hub. We are quite proud of our education, because despite Hong Kong being just a city of 1 100 square kilometres, we have five universities that are within the top 100 globally, and we are quite strong in R&D (research and development), particularly a lot of our universities’ research has been graded outstanding. What we are working hard is raising Hong Kong’s profile in all this regard. Sustainability is also one of our focuses, both in what we do environmentally and also financially. We are doing a lot of green finance, and we emphasise strongly (ESG) compliance. That is where we are going, and we think there are a lot of things, because our visions just align so much together – a lot to do – and that is between Hong Kong and Kuwait. I am very thankful and grateful to His Highness, Amir of Kuwait, to meet me, and I am grateful to the Prime Minister also, to host a lunch in the palace for the whole team. Throughout all the meetings and discussions, we have very common understanding that we should co-operate more in different areas.

    Coming to the relation between China and Kuwait, China is Kuwait’s, I think, largest trade partner, and the diplomatic relations between China and Kuwait started long, long time ago, and the partnership is close and ever-rising. When I honourably saw His Highness, Amir of Kuwait, I felt his friendship, genuineness, and sincerity of building good relations between Kuwait and China. I am honoured to be able to be part of that success story. My whole team feels proud to be in that part of success story.

    Coming to the MOUs we have signed with Kuwait, both the governments and different parties, 24 agreements and MOUs, they cover a wide range of areas. Despite the very good foundation we already have, we are now formally telling people of the two places where are the main directions of co-operation both governments agree on. That helps in aligning direction, energy, focuses and also our time, because time is precious. So all of them now, these are the areas we can co-operate on and work hard on as well. That will bring returns in much shorter time, in much bigger scale. Already, I have heard some delegations forming to come to Hong Kong, so as to further continue the link. I am very positive with the overall results, and I will be seeing a lot of activities, not just between government-and-government exchange, but also business-to-business, individuals-to-individuals. And that is why I am also very thrilled to announce a lot of convenience that we have created for visa, for going through the boundary, both goods and people.

    (Please also refer to the Chinese portion of the remarks.)

    MIL OSI Asia Pacific News –

  • MIL-OSI: Alaris Equity Partners Announces Upsizing of Previously Announced Convertible Unsecured Senior Debentures

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN THE UNITED STATES.
    FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW

    CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (“Alaris” or the “Trust”) (TSX: AD.UN) is pleased to announce that as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc., CIBC Capital Markets, and Desjardins Capital Markets to increase the size of its previously announced bought deal financing. Alaris will now issue 80,000 convertible unsecured senior debentures due June 30, 2030 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”) for aggregate gross proceeds of $80,000,000 (the “Offering”). The Trust has also granted the Underwriters an option to purchase up to an additional $12,000,000 aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, from time to time, up to 30 days following the closing of the Offering. Unless otherwise stated, all numbers in this press release are presented in Canadian dollars.

    In all other respects, the terms of the Offering and use of proceeds therefrom will remain as previously disclosed in the original press release dated May 13, 2025. The Offering is expected to close on or about June 2, 2025 (the “Closing Date”), and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange. A preliminary short form prospectus will be filed with securities regulatory authorities in all provinces of Canada, other than the province of Québec.

    This news release is not an offer of securities of Alaris for sale in the United States. The Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and the Debentures may not be offered or sold in the United States except pursuant to an applicable exemption from such registration. No public offering of securities is being made in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    ABOUT ALARIS

    The Trust, through its subsidiaries, invests in a diversified group of private businesses (“Partners”) primarily through structured equity. The primary goal of our structured equity investments is to deliver stable and predictable returns to our unitholders through both cash distributions and capital appreciation. This strategy is enhanced by common equity positions, which allow us to generate returns in alignment with the founders of our Partners.

    FORWARD LOOKING STATEMENTS

    This news release contains forward-looking statements, including forward-looking statements within the meaning of “safe harbor” provisions under applicable securities laws (“forward-looking statements“). Statements other than statements of historical fact contained in this news release may be forward-looking statements including, without limitation, management’s expectations, intentions and beliefs concerning: the anticipated Closing Date; the intended use of proceeds of the Offering; the anticipated terms and timing of conversion, redemption and maturity of the Debentures; expectations regarding the filing of a preliminary prospectus and the anticipated jurisdictions for the Offering. Many of these statements can be identified by words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations on which these forward-looking statements are based will occur.

    By their nature, forward-looking statements require Alaris to make assumptions and are subject to inherent risks and uncertainties. Key assumptions include, but are not limited to, assumptions that: the required regulatory approvals for the Offering will be obtained in a timely fashion; the Debentures and trust units issued upon the conversion of the Debentures will be listed for trading on the TSX; interest rates will not rise in a matter materially different from the prevailing market expectations over the next 12 to 24 months; no widespread global health crisis will impact the economy or any Partners’ operations in a material way in the next 12 months; the businesses of the majority of our Partners will continue to grow; the businesses of new Partners and those of existing Partners will perform in line with Alaris’ expectations and diligence; more private companies will require access to alternative sources of capital and that Alaris will have the ability to raise required equity and/or debt financing on acceptable terms.

    Forward-looking statements are subject to risks, uncertainties and assumptions and should not be read as guarantees or assurances of future performance. The actual results of the Trust and the Partners could materially differ from those anticipated in the forward-looking statements contained herein as a result of certain risk factors, including, but not limited to: the ability of the Trust to obtain the required regulatory approvals for the Offering; the ability of our Partners and, correspondingly, Alaris to meet performance expectations for 2025 and beyond; any change in the senior lenders’ outlook for Alaris’ business; management’s ability to assess and mitigate the impacts of any local, regional, national or international health crises like COVID-19 or its variants; the dependence of Alaris on the Partners; reliance on key personnel; general economic conditions in Canada, North America and globally; failure to complete or realize the anticipated benefit of Alaris’ financing arrangements with the Partners; a failure of the Trust or any Partners to obtain required regulatory approvals on a timely basis or at all; changes in legislation and regulations and the interpretations thereof; risks relating to the Partners and their businesses, including, without limitation, a material change in the operations of a Partner or the industries they operate in; inability to close additional Partner contributions in a timely fashion, or at all; a change in the ability of the Partners to continue to pay Alaris’ distributions; a material change in the unaudited information provided to Alaris by the Partners; a failure of a Partner (or Partners) to realize on their anticipated growth strategies; a failure to achieve the expected benefits of the third-party asset management strategy or similar new investment structures and strategies; conflicts of interest that may arise under the asset management strategy or otherwise; a failure to achieve resolutions for outstanding issues with Partners on terms materially in line with management’s expectations or at all; and a failure to realize the benefits of any concessions or relief measures provided by Alaris to any Partner or to successfully execute an exit strategy for a Partner where desired. Additional risks that may cause actual results to vary from those indicated are discussed under the heading “Risk Factors” and “Forward Looking Statements” in the Trust’s Management Discussion and Analysis for the year ended December 31, 2024, which is filed under the Trust’s profile at www.sedarplus.ca and on its website at www.alarisequitypartners.com.

    Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. Statements containing forward-looking information reflect management’s current beliefs and assumptions based on information in its possession on the date of this news release. Although management believes that the assumptions reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that such expectations will prove to be correct.

    The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date of this news release and Alaris does not undertake or assume any obligation to update or revise such statements to reflect new events or circumstances except as expressly required by applicable securities legislation.

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

    For further information please contact:

    ir@alarisequity.com
    P: (403) 260-1457
    Alaris Equity Partners Income Trust
    Suite 250, 333 24th Avenue S.W.
    Calgary, Alberta T2S 3E6
    www.alarisequitypartners.com

    The MIL Network –

  • MIL-OSI: XenDex Prepares to Reveal Full Platform Mockup Design as $XDX Presale Nears Final Countdown

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) — XenDex, the first all-in-one decentralized exchange on the XRP Ledger, is proud to announce that its full platform is actively in development, and a first-look mockup design is set to be revealed in a few hours.

    With all core features being built into a sleek, user-friendly interface, XenDex is delivering what no other XRPL-based project has offered to date: a unified DeFi experience that combines AI-powered copy trading, non-custodial lending and borrowing, staking, cross-chain trading, and DAO governance, all within a single platform.

    Purchase $XDX At A low Price

    XenDex Platform Preview Coming Soon

    To demonstrate the depth of development underway, XenDex will release visual mockups of the upcoming platform, giving investors and community members an exclusive preview of how the platform will look, feel, and function.

    From live trading interfaces to lending dashboards, staking portals, and AI copy trading modules, this upcoming design reveal will provide a clear glimpse into the future of decentralized finance on XRP.

    Buy $XDX Now & Earn Rewards

    Why You Should Join the $XDX Presale Before It’s Too Late

    As development accelerates, the $XDX token presale is rapidly approaching sellout, and the current entry price will not last much longer.

    • Current Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP
    • Soft Cap: Reached

    Buy Now Before Presale Ends: https://xendex.net/presale

    Once sold out, the next chance to acquire $XDX will be on major centralized exchanges, at a significantly higher price.

    $XDX: The Utility Token Powering XenDex

    The $XDX token unlocks full access to all features on the XenDex platform, including:

    • Governance voting
    • Reduced trading & borrowing fees
    • Staking rewards & liquidity incentives
    • Copy trading integration
    • Collateral for lending protocols
    • Priority access to new features and airdrops

    Buy XDX Before Listing On Exchange

    XenDex Platform Key Features

    • AI-Powered Copy Trading – Mirror professional traders to maximize gains
    • Lending & Borrowing – Borrow and lend XRP and $XDX with smart contract security
    • Cross-Chain Trading – Swap XRP with tokens across BNB Chain, Solana, and more
    • Staking & Yield Farming – Earn while supporting platform liquidity
    • DAO Governance – $XDX holders vote on upgrades, proposals, and token listings

    With its clean, mobile-friendly design, XenDex is being built to onboard everyone, from DeFi beginners to institutional traders.

    Join the XenDex Movement

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. 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/aefbc255-de35-4f03-a6ec-b8786296bf8d

    The MIL Network –

  • MIL-OSI Russia: GUU has opened a new Telegram channel for searching and posting vacancies

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    The State University of Management has opened a new Telegram channel for the Center for Interaction with Alumni and Career Development (CIECD).

    The channel was created for prompt interaction and expansion of opportunities for publishing vacancies from partner companies and employment of graduates and students of the State University of Management.

    The pinned post contains links where you can post a vacancy or resume.

    We inform you that by filling out the form you agree to the posting on the Internet of data falling under the Federal Law of 27.07.2006 No. 152-FZ “On Personal Data”.

    The channel already has offers for internships, permanent jobs, invitations to a career forum, business camp, and IT school.

    Subscribe and publish your vacancies and resumes.

    Subscribe to the TG channel “Our GUU” Date of publication: 05/14/2025

    Telegram channel of the Center for Interaction with Alumni and Career Development (CIECD).

    The channel was created for prompt interaction and expansion of opportunities for publishing vacancies from partner companies and employment of graduates and students of the State University of Management….

    ” data-yashareImage=”https://guu.ru/wp-content/uploads/ЦВВиРК.jpg” data-yashareLink=”https://guu.ru/%d0%b3%d1%83%d1%83-%d0%be%d1%82%d0%ba%d1%80%d1%8b%d0%bb-%d0%bd%d0%be%d0%b2%d1%8b%d0%b9-telegram-%d0%ba%d0%b0%d0%bd%d0%b0%d0%bb-%d0%b4%d0%bb%d1%8f-%d0%bf%d0%be%d0%b8%d1%81%d0%ba%d0%b0-%d0%b8-%d1%80/”>

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

    MIL OSI Russia News –

  • MIL-OSI: Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on June 23, 2025 to common stock shareholders of record on June 13, 2025.

    The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The net asset value per share fluctuates daily.

    Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors 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 by the Board of Directors 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 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 sufficient 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 2% from net investment income, 21% from net capital gains and 77% 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:

    Molly Marion
    (914) 921-5681

    About The Gabelli Equity Trust
    The Gabelli Equity Trust Inc. is a diversified, closed-end management investment company with $2.0 billion 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 – GAB
    CUSIP – 362397101

    THE GABELLI EQUITY TRUST INC
        Investor Relations Contact:
        Molly Marion
        (914) 921-5681
        mmarion@gabelli.com

    The MIL Network –

  • MIL-OSI USA: ICYMI: Senator Mullin Applauds President Trump’s Trip to the Middle East, Slams Democrat Senator Chris Murphy for his Hypocrisy on Fox Business

    US Senate News:

    Source: United States Senator MarkWayne Mullin (R-Oklahoma)

    ICYMI: Senator Mullin Applauds President Trump’s Trip to the Middle East, Slams Democrat Senator Chris Murphy for his Hypocrisy on Fox Business

    Washington, D.C. – On Tuesday, U.S. Senator Markwayne Mullin (R-OK) joined Fox Business’ “Varney & Company”  to discuss President Trump’s visit to the Middle East and Democrat Senator Chris Murphy’s (D-CT) blatant hypocrisy. Highlights below.

    Sen. Mullin’s full interview can be found here.
    On President Trump possibly attending the upcoming meeting between Russia and Ukraine:
    “The President is being recognized around the world as the chief dealmaker, and Zelensky is very smart by saying he wants him at the table. However, there’s some real differences in what the proposal for a peace deal that Zelensky has put on the table and what Putin has put on the table, and unless there’s actually a path forward to possibly getting a peace deal, I don’t see President Trump getting there. However, if President Trump showed up, I would say that there’s probably a 90% chance that a peace deal would be part of the deal before he left.”
    On Senator Chris Murphy’s hypocrisy:  
    “First of all, I have to address Chris Murphy here, because Chris Murphy is a man that lacks integrity at this point. I could understand if Chris was willing to call out the Bidens when they set up 20 plus shell companies to funnel millions, literally over $25 million through, which had no assets coming from foreign entities, just simply to have access to then, at that time, the Vice President Biden and President Biden when he was in office.”
    “If Chris Murphy wants to actually show that he has integrity, then call it for what it is. The fact is, he’s willing to do and say whatever it takes to actually get the nod from the Democrats to run for President in 2028. That’s all Chris Murphy is doing. He’s auditioning right now. And what can he talk about, right? He can’t talk about the successes of President Trump. He can’t talk the fact that President Trump is actually restructuring the tariff deals that’s going to put our economy and our future workers in the driver’s seat again, which we’ve been neglecting for the last 30 years. He can’t talk about the rally of the stock market. He can’t talk about the foreign affairs that President Trump is taking by peace through strength instead of Biden’s, peace through appeasement.”
    On American leadership returning to the Middle East:
    “And what is happening right now with President Trump going to the Middle East, is the Middle East is begging for a leader. We saw a lackluster leader in Biden when he was president, and after the disastrous withdrawal from Afghanistan, we left a lot of our partners in the Middle East holding a bag saying, ‘Where is the United States?’ Remember, UAE was the only country in the Middle East that actually fought along with us in Afghanistan… And what did the Biden administration do when they got in office? They pulled out of the F-35 bill that President Trump put in place. What did we do to Saudi Arabia? Instead of negotiating with Saudi Arabia with arms deals, we started negotiating with Iran and gave them billions of dollars on a, literally, pallet that we flew there in an Air Force plane. It is absurd.”
    “President Trump, right now is restructuring that order, saying our friends and allies in the Middle East, we’re here for you, and we want to show our gratitude and appreciation for what you’ve done for us and hopefully normalize relationships inside the Middle East, with Israel and Saudi Arabia.”
    On the 747 jet from Qatar:
    “The way the Left is blowing this up is just to distract from the success that President Trump has had in his 120 days in office. This is an absolute nothing burger, as we would say, and the fact that they’re making a big deal out of this is absurd. I want to point out something too that a lot of people isn’t talking about the negotiation on the 747 was actually started underneath the Biden administration, but they couldn’t close the deal. There’s a whole lot more to the story that we can get to at a different point but the fact that they’re wanting to gift it to the United States, we would be absolutely absurd not to take the gift.”

    MIL OSI USA News –

  • MIL-OSI Global: Southern Africa’s rangelands do many jobs, from feeding cattle to storing carbon: a review of 60 years of research

    Source: The Conversation – Africa – By Kevin Kirkman, Professor of Grassland Science, University of KwaZulu-Natal

    South Africa’s rangelands have always had great value for the country. These areas offer more than just grazing for livestock. They provide services like purifying water, storing carbon and conserving biodiversity.

    The grassland biome (28%), along with the savanna (32.5%) and the Nama-Karoo (19.5%), are collectively referred to as rangelands. They make up almost 80% of the land area of South Africa.

    Their ecological services haven’t always been fully appreciated. Research into rangelands has evolved in response to environmental changes, human needs and scientific discoveries.

    Commercial livestock production was the main concern when academics, researchers and practitioners met for the first congress of the Grassland Society of Southern Africa in 1966. Less than 15% of South Africa’s land surface area is arable. The only agricultural production possible on the balance of the land is livestock production from natural rangeland. Livestock production is thus a cornerstone of agriculture and food production in South Africa.

    Six decades on, the Grassland Society has reflected – through a special issue of its journal, the African Journal of Range and Forage Science – on how it has tackled research challenges and adapted to shifting perceptions of rangelands.

    Research has explored aspects of global change, bush encroachment and other changes in rangeland composition and function. Land transformation is another research area. Peri-urban sprawl, open-cast mining, timber plantations and other developments reduce and fragment rangeland. The result is increased pressure on the remaining, intact rangelands.

    Widening scope

    A review of research over the 60 years shows that early efforts focused mainly on forage production to support livestock industries. Research topics included rotational grazing and burning, as well as reinforcing rangelands by adding nutrients, forage grasses and legumes.

    By the 1980s, it became clear that rangelands offered more than just grazing – they were vital ecosystems.

    In the early 1990s, around the onset of democracy in South Africa, local researchers became part of global conversations around rangeland ecology. In doing so, they started to use the international terminology, instead of the old Dutch-derived word “veld”.

    This shift was not just about geography, but about scope. Rangelands were increasingly seen as multifaceted ecosystems critical in the fight against climate change. Increasing temperatures, increasing atmospheric carbon dioxide levels and changing rainfall patterns pose a threat to all ecosystems. Understanding the response of rangelands is increasingly important in devising management strategies to adapt to these changes.

    Scientists expanded their attention to preserving soil health, restoring degraded landscapes, and maintaining biodiversity. Issues like overgrazing, soil erosion and invasive species gained recognition in southern Africa. Degradation of rangelands in South Africa was first highlighted in the mid 1700s, and became a “mainstream” issue in the 1930s. Replacing a diverse group of wild animals with a single species of grazer, such as cattle, is the reason generally given for degradation. Fire has also been linked to it (often unfairly).

    The Grassland Society responded by promoting ideas like adaptive grazing management (making decisions in response to conditions, rather than following a recipe approach). It also encouraged integrating indigenous knowledge with scientific research to create more sustainable and resilient land-use systems. This has helped shape land management practices across the region.

    Many southern African rangelands face the challenge of balancing grazing with biodiversity conservation. Research on conservation agriculture and integrating livestock and wildlife systems is helping farmers and conservationists to find common ground. Wildlife, both in the conservation and the game production contexts, plays a critical role in South Africa’s economy. Tourism is one of the major contributors.

    Land management is particularly important in the Mediterranean-climate regions of South Africa, where poor crop farming practices have damaged soil health. The research is guiding the development of more sustainable farming systems focused on soil regeneration and biodiversity.

    A key indicator of ecosystem degradation is a decline in grassland forbs (herbaceous plants that are not grasses). They are highly sensitive to grazing pressure. So the role of wildflowers in ecosystem health and animal wellbeing has also become an important research area.

    Climate change, fire suppression and overgrazing drive woody plant encroachment, where grasslands are turning into shrublands. This calls for integrated management approaches that consider fire, grazing and even controlled rewilding.

    Fire is a natural element in many grassland ecosystems, and research has helped advance understanding of how it can be monitored and controlled to reduce risks while promoting healthy rangelands.

    People and grasslands

    Rangeland management has important social dimensions. Research is addressing issues such as land tenure, governance, community management systems on communal rangelands and indigenous knowledge in management decisions. These topics are essential for creating sustainable solutions that account for people’s livelihoods and needs.

    In addition to these ecological, social and management advances, the Grassland Society of Southern Africa has worked to develop the next generation of rangeland scientists and practitioners. Through its congresses, workshops and journal publications, the society continues to foster dialogue across disciplines and communities. Its 60th congress will be held in July 2025.

    Kevin Kirkman receives funding from the National Research Foundation.

    Helga van der Merwe receives funding from the National Research Foundation.

    Craig Morris 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. Southern Africa’s rangelands do many jobs, from feeding cattle to storing carbon: a review of 60 years of research – https://theconversation.com/southern-africas-rangelands-do-many-jobs-from-feeding-cattle-to-storing-carbon-a-review-of-60-years-of-research-254736

    MIL OSI – Global Reports –

  • MIL-OSI Global: Light is the science of the future – the Africans using it to solve local challenges

    Source: The Conversation – Africa – By Andrew Forbes, Professor, University of the Witwatersrand

    Light-based technologies have wide practical applications. Wikimedia Commons, CC BY

    Light is all around us, essential for one of our primary senses (sight) as well as life on Earth itself. It underpins many technologies that affect our daily lives, including energy harvesting with solar cells, light-emitting-diode (LED) displays and telecommunications through fibre optic networks.

    The smartphone is a great example of the power of light. Inside the box, its electronic functionality works because of quantum mechanics. The front screen is an entirely photonic device: liquid crystals controlling light. The back too: white light-emitting diodes for a flash, and lenses to capture images.

    We use the word photonics, and sometimes optics, to capture the harnessing of light for new applications and technologies. Their importance in modern life is celebrated every year on 16 May with the International Day of Light.

    Scientists on the African continent, despite the resource constraints they work under, have made notable contributions to photonics research. Some of these have been captured in a recent special issue of the journal Applied Optics. Along with colleagues in this field from Morocco and Senegal, we introduced this collection of papers, which aims to celebrate excellence and show the impact of studies that address continental issues.

    A spotlight on photonics in Africa

    Africa’s history in formal optics stems back thousands of years, with references to lens design already recorded in ancient Egyptian writings.

    In more recent times, Africa has contributed to two Nobel prizes based on optics. Ahmed Zewail (Egyptian born) watched the ultrafast processes in chemistry with lasers (1999, Nobel Prize for Chemistry) and Serge Harouche (Moroccan born) studied the behaviour of individual particles of light, photons (2012, Nobel Prize for Physics).

    Unfortunately, the African optics story is one of pockets of excellence. The highlights are as good as anywhere else, but there are too few of them to put the continent on the global optics map. According to a 2020 calculation done for me by the Optical Society of America, based on their journals, Africa contributes less than 1% to worldwide journal publications with optics or photonics as a theme.

    Yet there are great opportunities for meeting continental challenges using optics. Examples of areas where Africans can innovate are:

    • bridging the digital divide with modern communications infrastructure

    • optical imaging and spectroscopy for improvements in agriculture and monitoring climate changes

    • harnessing the sun with optical materials for clean energy

    • bio-photonics to solve health issues

    • quantum technologies for novel forms of communicating, sensing, imaging and computing.

    The papers in the special journal issue touch on a diversity of continent-relevant topics.

    One is on using optics to communicate across free-space (air) even in bad weather conditions. This light-based solution was tested using weather data from two African cities, Alexandria in Egypt and Setif in Algeria.

    Another paper is about tiny quantum sources of quantum entanglement for sensing. The authors used diamond, a gem found in South Africa and more commonly associated with jewellery. Diamond has many flaws, one of which can produce single photons as an output when excited. The single photon output was split into two paths, as if the particle went both left and right at the same time. This is the quirky notion of entanglement, in this case, created with diamonds. If an object is placed in any one path, the entanglement can detect it. Strangely, sometimes the photons take the left-path but the object is in the right-path, yet still it can be detected.



    Read more:
    Quantum entanglement: what it is, and why physicists want to harness it

    One contributor proposes a cost-effective method to detect and classify harmful bacteria in water.

    New approaches in spectroscopy (studying colour) for detecting cell health; biosensors to monitor salt and glucose levels in blood; and optical tools for food security all play their part in optical applications on the continent.

    Another area of African optics research that has important applications is the use of optical fibres for sensing the quality of soil and its structural integrity. Optical fibres are usually associated with communication, but a modern trend is to use the existing optical fibre already laid to sense for small changes in the environment, for instance, as early warning systems for earthquakes. The research shows that conventional fibre can also be used to tell if soil is degrading, either from lack of moisture or some physical shift in structure (weakness or movement). It is an immediately useful tool for agriculture, building on many decades of research.

    The diverse range of topics in the collection shows how creative researchers on the continent are in using limited resources for maximum impact. The high orientation towards applications is probably also a sign that African governments want their scientists to work on solutions to real problems rather than purely academic questions. A case in point is South Africa, which has a funded national strategy (SA QuTI) to turn quantum science into quantum technology and train the workforce for a new economy.

    Towards a brighter future

    For young science students wishing to enter the field, the opportunities are endless. While photonics has no discipline boundaries, most students enter through the fields of physics, engineering, chemistry or the life sciences. Its power lies in the combination of skills, blending theoretical, computational and experimental, that are brought to bear on problems. At a typical photonics conference there are likely to be many more industry participants than academics. That’s a testament to its universal impact in new technologies, and the employment opportunities for students.

    The last century was based on electronics and controlling electrons. This century will be dominated by photonics, controlling photons.

    Professor Zouheir Sekkat of University Mohamed V, Rabat, and director of the Pole of Optics and Photonics within MAScIR of University Mohamed VI Polytechnic Benguerir, Morocco, contributed to this article.

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

    – ref. Light is the science of the future – the Africans using it to solve local challenges – https://theconversation.com/light-is-the-science-of-the-future-the-africans-using-it-to-solve-local-challenges-256031

    MIL OSI – Global Reports –

  • MIL-OSI Video: What is a Army Reserve Readiness Division? | Army Legacy

    Source: US Army (video statements)

    As we celebrate 250 years of the U.S. Army, we can’t forget our Soldiers in the Reserve! Take a look at one of its Readiness Divisions, who are responsible for keeping our Reserve forces in warfighting shape.

    Video by Sgt. Nataja Ford

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military

    https://www.youtube.com/watch?v=Qm0rCq3CfWY

    MIL OSI Video –

  • MIL-OSI United Kingdom: Leeds welcomes the announcement that more Civil Service roles will be moved to the city

    Source: City of Leeds

    Councillor James Lewis, leader of Leeds City Council, said:

    “We welcome the Government’s continued recognition of Leeds as a key hub for Civil Service roles. With over 14,000 civil servants already based in Leeds, this announcement builds on our role as a major centre for government outside London.

    “Relocating more roles will bring decision-making closer to the communities it serves, support the creation of good jobs, and provide long-term whole career opportunities including for our talented apprentices, graduates and professionals.

    “The Leeds Health and Social Care Hub, which brings together the Department of Health and Social Care, NHS, local government, universities and other partners exemplifies how central government can work hand-in-hand with local delivery organisations to improve outcomes for patients and residents.

    “This move adds to the momentum we’re already seeing in Leeds as a leading financial centre, with major organisations like the Financial Conduct Authority, the Bank of England and the National Wealth Fund choosing to locate roles here – reinforcing the city’s growing national importance as a centre for public service and economic opportunity.”

    MIL OSI United Kingdom –

  • MIL-OSI Africa: African Development Bank and Islamic Development Bank Forge Strategic Partnership to Address Fragility and Build Resilience in Africa

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, May 14, 2025/APO Group/ —

    The African Development Bank (www.AfDB.org) and the Islamic Development Bank (IsDB) have reinforced their strategic partnership to enhance collective efforts in addressing fragility and building resilience across Africa. This commitment follows a high-level technical exchange held from 22-23 April at the Bank headquarters in Abidjan.

    The two-day mission brought together senior officials from both institutions to align approaches, share best practices, and strengthen collaboration to address complex challenges– particularly in transition states or experiencing fragility. This meeting builds on previous engagements between the two development institutions, including a 2019 Civil Society deep dive facilitated by the African Development Bank’s Civil Society Division, where key areas for joint action were initially identified.

    “This strategic alliance with IsDB reinforces our shared vision of addressing complex challenges in transition states through tailored, context-specific approaches,” said Yero Baldeh, Director of the Transition States Coordination Office at the African Development Bank. “By aligning our methodologies and leveraging our complementary strengths, we can deliver more sustainable solutions in places where development needs are most acute.”

    The IsDB delegation was led by Ahmed Berthe, Lead NGO and Civil Society Specialist, and included Esra Sayhi and Abass Kassim, both Senior Fragility and Resilience Specialists.

    “Our institutions serve many of the same member countries facing similar challenges,” noted Berthe. “What has impressed us most is the African Development Bank’s shift toward anticipatory action and prevention rather than simply responding to crises. This partnership creates a framework for maximizing our collective impact through coordinated investments, shared knowledge, and aligned strategic priorities.”

    The exchange spotlighted the African Development Bank’s Transition Support Facility (TSF), which committed more than $610 million to projects in fragile contexts in 2024. Discussions explored how the TSF’s approach could complement IsDB’s financing tools and create stronger synergies in countries where both institutions operate.

    Climate security emerged as a key theme, with both partners recognizing the role of environmental challenges exacerbating fragility, particularly in vulnerable regions such as the Sahel and the Horn of Africa. The partnership will help develop integrated approaches that address immediate needs and build long-term resilience for both institutions.  

    The exchange also explored ways to harmonize assessment methodologies, coordinate financial instruments, and implement integrated approaches to climate security, with both institutions agreeing to establish a joint technical working group to operationalize the partnership.

    “In line with our 2022-2026 Strategy for Addressing Fragility and Building Resilience in Africa, this partnership reflects the Bank’s strategic emphasis on building alliances that amplify our development impact,” said Ozong Agborsangaya-Fiteu, Chief Operations Officer at RDTS. “By combining our institutional strengths with IsDB, we’re creating a more powerful platform for advancing resilience where it’s needed most.”

    The partnership includes a structured implementation framework scheduled for 2025-2026, in line with the duration of both institutions’ strategies for fragility and resilience. A joint technical working group will operationalize the partnership, ensuring that concrete actions follow this strategic alignment.

    This strategic collaboration advances the African Development Bank’s approach to staying engaged in fragile contexts, focusing on prevention rather than crisis response, and building strategic partnerships across the humanitarian-development-peace nexus—all key principles of its fragility and resilience strategy.

    MIL OSI Africa –

  • MIL-OSI Security: Pharmaceutical Manufacturer Assertio Therapeutics, Inc. to Pay $3.6 Million to Resolve Allegations That it Violated the False Claims Act in Connection with Marketing Its Fentanyl Product

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    The Justice Department announced on May 5, 2025, that Assertio Therapeutics, Inc., formerly known as Depomed, Inc., a pharmaceutical company headquartered in Lake Forest, Illinois, has agreed to pay $3.6 million to resolve claims that Assertio violated the False Claims Act by causing the submission of false claims for the transmucosal immediate-release fentanyl drug Lazanda for individuals who did not have breakthrough cancer pain.

    The settlement was announced by U.S. Attorney Edward R. Martin, Jr., Acting Assistant Attorney General Yaakov Roth of the Justice Department’s Civil Division, Deputy Inspector General Christian J. Schrank of the Department of Health and Human Services Office of Inspector General, and FBIActing Assistant Director Darren Cox of the Criminal Investigative Division.

    Lazanda, a fentanyl nasal spray, is approved by the FDA solely for break-through cancer pain in patients who are already receiving and who are tolerant to opioid therapy for their underlying persistent cancer pain. The United States alleges that between 2013 and 2017, Assertio caused the submission of false claims to the Medicare and TRICARE programs by focusing its marketing on pain specialists who were prescribing high volumes of transmucosal immediate-release fentanyl, known as TIRF products, including those who were flagged for diversion or who were later indicted.

    The United States further alleges that Assertio placed high-volume TIRF prescribers on its speakers’ bureau and advisory boards and developed its “Signature Support Program” to ensure that Lazanda prescriptions would be approved by insurance companies, including Medicare Part D plans. The United States contends that, as a result of Assertio’s marketing, prescribers wrote Lazanda prescriptions for Medicare and TRICARE beneficiaries who did not have breakthrough cancer pain and that Assertio therefore caused false claims to be submitted to Medicare and TRICARE from high-volume thirteen prescribers.

    “This company took steps to boost its profits despite the risk of boosting the deadly opioid epidemic,” said U.S. Attorney Martin. “My office will continue to seek out violations like this that demonstrate a brazen disregard for the safety of the public.”

    “The Department is committed to pursuing companies that contributed to the tragic opioid epidemic,” said Acting Assistant Attorney General Roth. “This resolution demonstrates that companies that recklessly marketed powerful opioids, like fentanyl, will be held accountable for their role in the opioid crisis, which continues to plague our country today.”

    “As today’s settlement demonstrates, the FBI and our law enforcement partners remain committed to investigating violations of the False Claims Act,” said FBI Assistant Director in Charge Steven J. Jensen of the Washington Field Office. “We will continue holding companies accountable for fraudulent marketing that puts patients at risk.”

    “Violations of the False Claims Act such as the illegal prescribing practices alleged in this settlement are especially egregious considering the opioid epidemic,” said Deputy Inspector General Schrank. “HHS-OIG will continue to work with our law enforcement partners to ensure health care providers and corporations involved in schemes that threaten patient safety are held accountable.”

    The civil settlement includes the resolution of claims brought in 2017 under the qui tam, or whistleblower, provisions of the FCA by Noelle Webb and Nicole Novellino, who previously worked at Depomed as sales representatives. The FCA authorizes private parties to sue on behalf of the United States for false claims and share in any recovery. The qui tam case is captioned United States ex rel. Webb et al. v. Assertio Therapeutics, Inc., f/k/a Depomed, Inc., No. 1:17-02309 (D.D.C.). The relators’ share of these proceeds has not yet been determined.

    The Justice Department’s Civil Division, Commercial Litigation Branch – Fraud Section, and the U.S. Attorney’s Office for the District of Columbia handled this matter. The FBI, led by its Washington Field Office; the FDA’s Office of Criminal Investigations; and the Department of Health and Human Services Office of Inspector General provided substantial assistance in the investigation and resolution.

    Today’s settlement illustrates the government’s emphasis on combating healthcare fraud. One of the most powerful tools in this effort is the FCA. Tips and complaints from all sources about potential fraud, waste, abuse, and mismanagement, can be reported to the Department of Health and Human Services at 800-HHS-TIPS (800-447-8477).

    The Justice Department is committed to holding responsible those who have fueled the opioid crisis by violating the law.

    This case is being handled by Assistant U.S. Attorney Darrell Valdez for the District of Columbia, Senior Trial Counsel Sarah Arni, Trial Attorney Matthew Arrow, and Assistant Director Natalie Waites of the Civil Division’s Fraud Section.

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

    MIL Security OSI –

  • MIL-OSI: Bitget Wallet Showcases Real-World Utility as Platinum Sponsor of Blockchain Futurist Conference

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial Web3 wallet, will take the spotlight as a Platinum Sponsor at the Blockchain Futurist Conference, North America’s flagship crypto and blockchain event, taking place on 13 May 2025. With a full lineup of programming and community activations, Bitget Wallet’s presence signals continued investment in ecosystem development, real-world utility, and inclusive Web3 innovation.

    The event marks Bitget Wallet’s latest move in strengthening its North American footprint, bringing its growing product suite and ecosystem to one of the most influential stages in the industry. At 11:00 AM, Bitget COO Vugar Usi Zade took the stage for a featured session titled “Striking the Balance: UX vs Security in Crypto Exchanges”, where he will address one of the most critical challenges in crypto platform design.

    “Our goal is to make Web3 accessible and practical for everyday users,” said Alvin Kan, COO of Bitget Wallet. “Being part of this year’s conference is not just about visibility, but about connecting with builders and users shaping the future of crypto. Whether it’s through on-chain tools, ecosystem support, or real-world use cases. Bitget Wallet is committed to delivering real utility across the crypto experience.” The appearance follows the launch of “Shop with Crypto,” a new in-app marketplace that enables users to spend cryptocurrencies directly on goods and services within the wallet, including gaming, travel, gift cards and more.

    As part of its broader commitment to community-led change, Bitget Wallet’s global initiative Blockchain4Her also sponsored the ETHWomen Happy Hour, happening from 12:00 PM to 2:00 PM at the ETHWomen Stage & Gallery Room during the conference. Designed to foster authentic conversations and connections, the event offers a welcoming space for women in Web3 to network, share experiences, and build meaningful relationships. Attendees will receive limited-edition Blockchain4Her pins as part of a special charity activation — with Bitget Wallet donating $10 to a local women’s charity for every pin worn.

    Later that evening, Bitget Wallet hosted Bitget Mixer Night at the iconic Old Toronto Stock Exchange, one of the most anticipated side events of the crypto week. Set in a venue where traditional finance meets decentralized innovation, the exclusive mixer will bring together top minds in crypto for an evening of cocktails, canapés, and conversation. Guests will get a closer look at the latest developments from Bitget Wallet while enjoying a high-energy environment designed for discovery and networking.

    From the main stage to intimate side events, Bitget Wallet’s participation reflects a growing focus on community impact, utility-driven innovation, and inclusive growth across the Web3 ecosystem.

    About Bitget Wallet

    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple, seamless and secure for everyone. With over 60 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, a DApp browser, and crypto payment solutions. Supporting 130+ blockchains, 20,000+ DApps, and a million tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6928899a-bd2d-4fec-8f64-aa390ffadbce

    The MIL Network –

  • MIL-OSI: MicroAlgo Inc. Announces Research on Quantum Information Recursive Optimization (QIRO) Algorithm, for Combinatorial Optimization Problems to Expand and Solve New Ideas

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, May 14, 2025 (GLOBE NEWSWIRE) — MicroAlgo Inc. Announces Research on Quantum Information Recursive Optimization (QIRO) Algorithm, for Combinatorial Optimization Problems to Expand and Solve New Ideas

    Shenzhen, May. 14, 2025––MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), today announced the research of the Quantum Information Recursive Optimization (QIRO) algorithm, which aims to provide a new approach to combinatorial optimization problems by leveraging the power of quantum computing. The Quantum Information Recursive Optimization (QIRO) algorithm is an optimization algorithm based on quantum computers, designed to tackle complex combinatorial optimization problems. This algorithm combines the concepts of quantum computing and recursive algorithms, utilizing the parallel computing capabilities of quantum computers along with the properties of quantum state superposition and interference to rapidly find optimal or near-optimal solutions within the search space. Recursive algorithms solve problems by repeatedly breaking them down into similar subproblems, while quantum computing exploits the characteristics of qubits and quantum states to achieve exponential acceleration. The QIRO algorithm integrates these two approaches by recursively invoking the quantum optimization process, progressively reducing the problem size until the optimal solution is found.
    Problem Modeling: the first step involves modeling the combinatorial optimization problem by clearly defining the objective function, constraints, and candidate elements. This step forms the foundation of the algorithm and is a prerequisite for the subsequent stages.
    Quantum State Initialization: in a quantum computer, quantum states are initialized through quantum gate operations. Due to the superposition property of quantum states, the quantum computer can process multiple computational paths simultaneously, thereby enabling parallel computation.
    Recursive Invocation of the Quantum Optimization Process: the core of the QIRO algorithm lies in its recursive invocation of the quantum optimization process. In each recursion, the quantum state is evolved using quantum gate operations, leveraging quantum interference to search for the optimal solution within the search space. Depending on the problem’s size and complexity, the depth and number of recursive calls are set to ensure that the algorithm can find an optimal solution within a reasonable time frame.
    Measurement and Result Extraction: when the recursion reaches its boundary conditions, quantum measurement is performed to extract the optimal or near-optimal solution. The measurement collapses the quantum state into a definite state, from which the solution to the problem can be obtained.
    Result Verification and Optimization: the extracted solution is then verified and further optimized. By comparing the objective function values of different solutions, the optimal one is identified. Additionally, according to the actual needs of the problem, the solution can be further adjusted and refined to meet the problem’s specific constraints and objective function.
    The Quantum Information Recursive Optimization (QIRO) algorithm developed by MicroAlgo demonstrates significant technical advantages in solving combinatorial optimization problems. By fully leveraging the parallelism and interference principles of quantum computing, this algorithm achieves exponential improvements in computational efficiency, enabling it to handle large-scale and highly complex optimization problems in a short time. Compared to traditional algorithms, the QIRO algorithm possesses stronger global search capabilities, effectively avoiding local optima and instead identifying global or near-global optimal solutions. Moreover, the QIRO algorithm is highly flexible in design and can be tailored and optimized to meet the specific requirements of different problems, ensuring its effectiveness and accuracy across various application scenarios. At the same time, the algorithm exhibits a degree of robustness, allowing it to mitigate the impact of noise and errors on computational outcomes, thereby enhancing reliability and stability. These technical strengths position the QIRO algorithm as a powerful tool with broad application prospects and significant development potential in areas such as logistics and distribution, financial investment, artificial intelligence, and scientific research.
    In terms of practical applications, the QIRO algorithm has already shown wide-ranging potential. It holds great significance for real-world scenarios requiring combinatorial optimization, such as resource allocation and network planning. For instance, in the field of logistics and transportation, tasks like planning optimal delivery routes and allocating cargo resources often involve complex combinatorial optimization. The QIRO algorithm can assist enterprises in identifying more efficient and cost-effective solutions. Additionally, in graph theory-related problems—such as finding large independent sets—the deployment of the QIRO algorithm on neutral atom quantum processors can enable efficient search operations. This supports efforts to study graph structures and analyze network characteristics, further proving the algorithm’s practical value across different quantum computing platforms and its capacity to advance research in related academic fields.
    Looking ahead, MicroAlgo’s Quantum Information Recursive Optimization (QIRO) algorithm holds immense growth potential. As quantum technology continues to progress, the quality and accessibility of quantum resources will steadily improve, providing greater support for the QIRO algorithm to tackle even more complex and large-scale combinatorial optimization problems. Furthermore, the QIRO algorithm may serve as a model for the development of additional hybrid quantum-classical algorithms, expanding the scope of quantum computing applications across various industries. This could offer new hope for solving more challenging real-world optimization problems, making QIRO a vital technological force in future scientific and technological development and a key driver of progress across multiple domains.

    About MicroAlgo Inc.

    MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.

    Forward-Looking Statements

    This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

    MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.

    Contact

    MicroAlgo Inc.

    Investor Relations

    Email: ir@microalgor.com

    The MIL Network –

  • MIL-OSI: Best Debt Relief Programs for 2025 to Help You Get Out of Debt in USA

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, May 14, 2025 (GLOBE NEWSWIRE) — Payday Ventures, a leading provider of financial solutions in the United States, is proud to introduce new and improved Debt Relief Programs for 2025 through its trusted brand, Viva Debt Help. As more Americans struggle with rising debt, limited savings, and high-interest payments, Viva Debt Help aims to simplify access to effective debt relief solutions. Whether you’re exploring debt consolidation options, need fast debt help, or want to learn if National Debt Relief is legit, this platform connects you with some of the best debt relief companies in the USA.

    Click Here to Get Debt Relief Help >>

    What Is a Debt Relief Program?

    A debt relief program helps reduce or eliminate unsecured debts like credit cards, personal loans, or medical bills. It may include debt consolidation, lower payments, or negotiating with creditors. These programs offer fast debt help if you’re struggling with high-interest debt and want to regain control in 2025.

    Click Here to Get Debt Relief Help >>

    Why Choose US Debt Relief in 2025?

    In 2025, many Americans are under serious financial stress from inflation, job loss, or sudden expenses. As the US national debt rises, so does personal and consumer debt. If you’re missing payments or your minimum payments aren’t helping, it’s time to explore trusted debt relief programs to get the debt help you need.

    Viva Debt Help – One of the Best Debt Relief Program in 2025

    Looking for fast, reliable debt help in the USA? Viva Debt Help is one of the best debt relief options working to match individuals with trusted debt specialists. Here’s why they stand out:

    Click Here to Get Debt Relief Help >>

    • Free online form takes just minutes
    • Get referred to FCA-approved debt solution providers
    • Custom plans including debt consolidation options, settlements, or relief orders
    • Potential to write off debt if eligible
    • No obligation to proceed

    Viva Debt Help doesn’t provide advice directly they connect you with legitimate advisors who are licensed to offer debt relief.

    Click Here to Get Debt Relief Help >>

    Is National Debt Relief Legit?

    Yes, it’s a real company. But it’s always wise to compare your options. Platforms like Viva Debt Help connect you with trusted advisors who review your debt and recommend the best debt relief program based on your needs.

    What Is Covered With a Debt Relief Program?

    Most debt relief programs cover unsecured debts these are debts not tied to any assets. Common examples include:

    • Credit card debt
    • Personal loans
    • Medical bills
    • Payday loans
    • Utility bills
    • Store cards

    Some programs may also help with debt consolidation options or negotiating lower payments.

    Name: Mukesh Bhardwaj
    Email: mukesh@paydayventures.com

    Disclaimer: This announcement contains general information about Payday Ventures and its debt support services through Viva Debt Help. It is not intended to be financial advice. Services are available to U.S. residents only.

    The MIL Network –

  • MIL-OSI Russia: IMF Reaches Staff-Level Agreement on the Combined Third and Fourth Reviews of Bangladesh’s Extended Credit Facility, Extended Fund Facility, and Resilience and Sustainability Facility Arrangements

    Source: IMF – News in Russian

    May 14, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • IMF staff and the Bangladesh authorities have reached staff-level agreement on the policies needed to complete the combined third and fourth reviews of the authorities’ reform program supported by the IMF’s Extended Credit Facility, Extended Fund Facility, and Resilience and Sustainability Facility. The staff-level agreement is subject to approval by the IMF Executive Board, contingent on the completion of prior actions.
    • The Bangladeshi economy remains under pressure from ongoing challenges and rising external financing requirements. As announced in December 2024, the authorities have requested an augmentation of IMF support of about US$760 million to help preserve macroeconomic stability and enhance the country’s resilience to external shocks.
    • The authorities reiterated their commitment to the objectives of the reform program including fiscal reforms to address the emerging external financing gap, calibrating monetary policy to bring down inflation, and fully implementing exchange rate reforms to enhance flexibility. They have also pledged to foster a sound and competitive financial sector and are advancing their climate agenda to support sustainable, inclusive, and green growth.

    Washington, D.C.:  Following constructive discussions with Bangladesh authorities in Dhaka, continued engagement during the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington, D.C., and subsequent virtual follow-up discussions, Mr. Papageorgiou, the IMF Mission Chief for Bangladesh, issued the following statement:

    “IMF staff and the Bangladesh authorities have reached a staff-level agreement on the policies needed to complete the combined third and fourth reviews under the Extended Credit Facility (ECF), Extended Fund Facility (EFF), and Resilience and Sustainability Facility (RSF). The staff-level agreement is subject to approval by the IMF Executive Board and is contingent on the completion of prior actions related to tax revenue mobilization and full implementation of exchange rate reforms.

    “Amid significant macroeconomic challenges, the authorities requested an augmentation of SDR 567.2 million (approximately US$762 million) in IMF financial support to Bangladesh under the ECF and EFF arrangements. This increase would bring the total financial assistance under the ECF and EFF arrangements to SDR 3,035.65 million (about US$4.1 billion), alongside concurrent RSF arrangements of SDR 1 billion (about US$1.3 billion). Upon completion of the combined third and fourth reviews, SDR 983.8 million (about US$1.3 billion) will be made available, comprising SDR 650.5 million (about US$874 million) under the ECF and EFF and SDR 333.3 million (about US$448 million) under the RSF.

    “Impacted by disruptions from the popular uprising, real GDP growth slowed to 3.3 percent year-on-year (y-o-y) in the first half of FY25; however, it is projected to rebound in the second half reaching 3.8 percent for the full fiscal year. Inflation, which has approached double digits, has begun to decline and is projected to be around 8 ½ percent (y-o-y) by end of FY25. Nonetheless, domestic factors such as stress in the banking sector and elevated global uncertainty tilt risks to the downside.

    “To address the emerging external financing gap and support a continued decline in inflation, near-term policy tightening is essential. Fiscal consolidation should focus on the prompt implementation of additional revenue measures—such as streamlining of tax exemptions—while containing non-essential expenditures. Alongside monetary tightening, enhanced exchange rate flexibility and reinforced foreign exchange reserve buffers will bolster the economy’s resilience to external shocks. In this regard, steadfast implementation of the new exchange rate regime will remain critical.

    “Bangladesh’s low tax-to-GDP ratio underscores the urgent need for tax reforms to build a fairer, more transparent, and simpler system while sustainably boosting revenues. Key priorities include streamlining exemptions, enhancing compliance, and delineating tax policy from administration. In parallel, a comprehensive approach is required to rein in subsidy expenditures in the electricity sector. Increased revenues will also provide more fiscal resources to support the most vulnerable. 

    “A carefully designed strategy for dealing with weak banks is essential to ensuring stability. Swift action is needed to operationalize new legal frameworks that facilitate orderly bank restructuring while safeguarding small depositors. Robust asset quality reviews for all large and systemic banks, bank restructuring aimed at forward-looking viability, strengthened risk-based supervision, and enhanced governance and transparency will be key to rebuilding trust and supporting the sector’s soundness. At the same time, institutional reforms to bolster the independence and governance of Bangladesh Bank will be essential for ensuring long-term macroeconomic and financial stability and for the effective implementation of broader financial sector reforms.

    “Strengthening governance and promoting greater transparency are essential to improving the business environment, attracting foreign direct investment, and broadening the export base beyond the ready-made garment sector.

    “Enhancing resilience to climate change is crucial for mitigating macroeconomic and fiscal risks. Investing in institutional capacity and improving the efficiency of public spending will support progress toward climate objectives. The government should prioritize climate-responsive fiscal reforms and channel investments into sustainable, climate-resilient infrastructure. In addition, effective management of climate-related risks will help safeguard financial sector stability.

    “The team thanks the authorities for the productive discussions and excellent collaboration.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

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

    https://www.imf.org/en/News/Articles/2025/05/14/pr25145-bangladesh-imf-reaches-sla-on-combined-3rd-and-4th-reviews-ecf-eff-and-rsf-arrangements

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Rep. Peters Calls out Republican Cuts to Clean Energy and Fossil Fuel Favoritism in Tax Plan

    Source: United States House of Representatives – Congressman Scott Peters (52nd District of California)

    [embedded content]

    Washington, D.C. – Today, during the Energy and Commerce Committee’s consideration of the Republican tax plan, which will kick 13.7 million people off their healthcare, Representative Scott Peters (CA-50) called out provisions that will make it easier to build polluting coal power plants and cut back on investments in clean energy technologies.

    Watch Rep. Peters’ opening statement against the Republican tax plan here.

    Speaking on the Republican plan, Rep. Peters said, “Last Congress, my Republican colleagues were insistent that we should have an all-of-the-above energy strategy, one that leveraged our natural resources, unleashed American innovation, and cut through bureaucratic red tape. Which is why I am confused that we are considering a reconciliation bill that picks winners and losers, and elevates expensive, outdated, and inefficient sources like coal over cheap American-made energy like solar, wind, and storage.”

     

    He continued, “Why does this bill provide government-backed insurance to coal plants, as the President of the United States single-handedly kills hundreds if not thousands of clean energy jobs across the country by illegally targeting projects and weaponizing the permitting process?”

    And he concluded, “We need to face reality; we can’t build anything in America anymore. North America has built about 7 gigawatts of interregional transmission since 2014, with less than half of that in the U.S. In that same time frame, South America has built 22 gigawatts, Europe has built 44 gigawatts, and China has built 260. There is a growing bipartisan coalition for permitting reform. Whether it’s forest management, electric transmission, or building housing, I have reached across the aisle and found success in moving solutions forward. Many of us have voiced our desire to work in a bipartisan way to make America more energy dominant. Now is the time to put our money where our mouth is, and focus on durable, common-sense, and all-of-the-above policies that provide certainty for industry and consumers.”

    CA-50 Medicaid Facts:

    • 156,100 people in the district rely on Medicaid for health coverage—that’s 20 percent of all district residents.
      • 34,700 children in the district are covered by Medicaid.
      • 17,700 seniors in the district are covered by Medicaid.
      • 64,900 adults in the district have Medicaid coverage through Medicaid expansion—that includes pregnant women who are able to access prenatal care sooner because of Medicaid expansion, parents, caretakers, veterans, people with substance use disorder and mental health treatment needs, and people with chronic conditions and disabilities.
    • At least five hospitals in the district had negative operating margins in 2022. These hospitals would be especially hard-hit by cuts to Medicaid. For example:
      • Scripps Mercy Hospital had a negative 25.3 percent operating margin—and nearly 22 percent of its revenue came from Medicaid.
      • Sharp Coronado Hospital had a negative 3.5 percent operating margin—and over 36 percent of its revenue came from Medicaid.
      • University of California San Diego Medical Center had a negative 2.4 percent operating margin—and nearly 19 percent of its revenue came from Medicaid.
    • There are 54 health center delivery sites in the district that serve 529,944 patients.
    • Those health centers and patients rely on Medicaid—statewide, 69 percent of health center patients rely on Medicaid for coverage.
    • Health centers will not be able to stay open and provide the same care that they do today, with more uninsured and underinsured patients. They are already operating on thin margins—in 2023, nationally, nearly half of health centers had negative operating margins.
    • Medicaid cuts put health centers at risk, including:
      • Family Health Centers of San Diego
      • Neighborhood Healthcare
      • North County Health Project
      • San Diego American Indian Health Centers
      • St. Vincent De Paul Village

    Read Rep. Peters full remarks below:

    Last Congress, my Republican colleagues were insistent that we should have an all-of-the-above energy strategy, one that leveraged our natural resources, unleashed American innovation, and cut through bureaucratic red tape.

    Which is why I am confused that we are considering a reconciliation bill that picks winners and losers, and elevates expensive, outdated, and inefficient sources like coal over cheap American-made energy like solar, wind, and storage.

    Why does this bill expedite permitting for natural gas pipelines – an undeniably important component of our energy system – while completely ignoring transmission lines, without which we would not be able to meet a single kilowatt of energy demand?

    Why does this bill provide government-backed insurance to coal plants, as the President of the United States single-handedly kills hundreds, if not thousands, of clean energy jobs across the country by illegally targeting projects and weaponizing the permitting process?

    This entire Congress, my Republican colleagues have focused almost exclusively on our need to build baseload power to meet energy demand from data centers, manufacturing, and AI. 

    However, when they have an opportunity to ensure this baseload power can move from where it’s generated to where it will be used, my Republican colleagues have not only chosen to completely ignore the problem, but are rescinding funds to make it easier to build out the energy infrastructure we need to reduce costs and keep the lights on.

    We need to face reality; we can’t build anything in America anymore. North America has built about 7 gigawatts of interregional transmission since 2014, with less than half of that in the U.S. In that same time frame, South America has built 22 gigawatts, Europe has built 44 gigawatts, and China has built 260.

    There is a growing bipartisan coalition for permitting reform. Whether it’s forest management, electric transmission, or building housing, I have reached across the aisle and found success in moving solutions forward.

    Many of us have voiced our desire to work in a bipartisan way to make America more energy dominant. Now is the time to put our money where our mouth is, and focus on durable, common-sense, and all-of-the-above policies that provide certainty for industry and consumers. 

    This bill, however, doesn’t come anywhere close to meeting the moment. It isn’t real permitting reform, it doesn’t make us energy dominant, and it only makes things more uncertain for industry, for Americans, and for our future.

    Instead of making it easier to build everything, once again we are cutting off our feet in the race to energy resilience. This is the definition of picking winners and losers. And this not the way we will achieve a resilient, energy-abundant future.

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Discussions on Common Policies of Member Countries of the West African Economic and Monetary Union

    Source: IMF – News in Russian

    May 6, 2025

    • Economic growth continues to be strong in the WAEMU. Inflation has fallen back to its target range, and recent improvements in regional external imbalances are supporting a strong recovery in reserves.
    • The Council of Ministers has agreed to submit for approval by Heads of State a proposal by the WAEMU Commission for a revised Convergence Pact maintaining the previous fiscal deficit and public debt ceilings of 3 and 70 percent of GDP, respectively.
    • Rapid adoption of this pact would signal a stronger commitment to debt sustainability and help guide sound fiscal policies. The WAEMU’s institutions should also continue to promote regional integration.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on common policies of member countries of the West African Economic and Monetary Union (WAEMU)[1]. The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    Economic growth continues to be strong in the WAEMU, with heterogeneity across countries, while inflation has fallen. Economic growth rose above 6 percent in 2024, near the average of the past decade, although gaps in per capita income among member countries have continued to widen due to significant variations in economic growth. After rising above target for much 2024, inflation has also fallen back within its target range since November 2024, due to easing regional food price inflation and an appropriately tight monetary policy. The banking system remains resilient, although it maintains large exposures to regional sovereigns.

    Recent progress in reducing the WAEMU’s external imbalances, albeit with notable divergence among members, is supporting a strong recovery in reserves. After widening in 2021-2023, the WAEMU’s current account deficit narrowed significantly in 2024. The Central Bank of West African States’ (BCEAO) response to external reserves pressures has also been broadly appropriate, by tightening monetary policy via raising rates and containing the quantities of liquidity injected into the regional banking system. Reserves rebounded in late 2024 and early 2025, and are back above minimum adequate levels due mainly to windfall revenues from the annual cocoa harvest, high commodity prices, several IMF disbursements, and exports of new hydrocarbon resources in Niger and Senegal. The WAEMU’s external position is assessed to have been moderately weaker than fundamentals and desirable policy settings in 2024.

    Public debt ratios have increased significantly and heterogeneously in recent years due to large fiscal deficits and stock-flow adjustments. Ongoing progress in union-wide fiscal consolidation is welcome, although it is proceeding at a slower pace than anticipated mainly because of large data revisions in Senegal. Public debt continued to increase in 2024 beyond the level projected during the previous discussions on common policies, with considerable variation across the WAEMU (and particularly high debt in Senegal). Higher debt issuances are leading to heavier reliance on financing on the regional market, which has limited absorptive capacity and relatively high costs, and could pose a risk to external reserves.

     

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They welcomed that the WAEMU is benefitting from strong growth, inflation within the target range, and progress in reducing fiscal and external imbalances, while also noting the significant divergence within the region. Highlighting that the region remains vulnerable to a wide range of shocks, Directors stressed the importance of prudent policies to ensure macroeconomic and financial stability and structural reforms to foster inclusive growth. They looked forward to the Fund’s continued support through tailored policy advice and financial and capacity development assistance.

    Directors stressed the importance of a commitment to debt sustainability, grounded in progress towards fiscal consolidation, measures to contain debt‑creating stock‑flow adjustments, and close monitoring of regional financing capacity. In that context, they commended the proposed reintroduction of the WAEMU Convergence Pact with the previous fiscal deficit and debt ceilings and called for its rapid adoption with a well‑designed escape clause, a correction mechanism, and credible enforcement. Fiscal adjustment should be driven by revenue mobilization to protect priority spending. Directors also stressed the importance of transparent and accurate reporting of fiscal data and enhanced debt transparency.

    Directors welcomed BCEAO’s tight monetary stance which helped bring inflation back to the target range and support reserves. Directors agreed that monetary policy should continue to be closely calibrated to external buffers and inflation developments, and that a cautious stance remains appropriate until there is a sustained recovery in reserve adequacy.

    Directors welcomed the resilience of the financial system but noted that the sovereign‑bank nexus continues to pose risks to financial stability. They encouraged the introduction of macroprudential regulatory measures to help restrain sovereign exposures, and capital surcharges to manage concentration risk. Directors stressed the importance of closely monitoring bank soundness indicators, addressing the remaining FSAP recommendations to strengthen financial stability and deepening, and taking the necessary additional steps to facilitate the removal of WAEMU members currently on the FATF grey list.

    Directors agreed that prosperity in the WAEMU will depend on progress on political cohesion, economic integration, and strengthening the regional institutional framework and infrastructure. A planned stabilization fund to support members impacted by idiosyncratic shocks could demonstrate regional solidarity, but contingent liability risks through leveraging should be avoided. Directors welcomed progress on the new fast payment system, which would promote efficiency, inclusion, and regional integration. Policies to diversify the economy and strengthen resilience would also be important.

    The views expressed by Executive Directors today will form part of the Article IV consultations with individual member‑countries that take place until the next Board discussion of WAEMU common policies. It is expected that the next regional discussions with the WAEMU authorities will be held on the standard 12‑month cycle.

    Table 1. WAEMU: Selected Economic and Social Indicators, 2021–29

    		    
                               

    Social Indicators

    		  
     
                               

    GDP

    		      

    Poverty (2021, latest available)

    		            

    Nominal GDP (2024, millions of US Dollars)

    219,784

    		    

    Headcount ratio at $1.90 a day (2011 PPP, percent of population)

    23.1

    		    

    GDP per capita (2024, US Dollars)

    1,447

    		    

    Undernourishment (percent of population)

    		    

    12.5

    		    
                               

    Population characteristics

    		      

    Inequality (2021, latest available)

    		            

    Total (2023, millions)

    145.3

    		    

    Income share held by highest 10 percent of population

    		  

    28.4

    		    

    Urban population (2023, percent of total)

    40.6

    		    

    Income share held by lowest 20 percent of population

    		  

    7.7

    		    

    Life expectancy at birth (2022, years)

    61.1

    		  

    Gini index

    		          

    35.4

    		    
                               
                               

    Economic Indicators

    		      
               
                       
     

    2021

    2022

    		  

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    		    

     

     

     

    Act.

    SM/24/90. 1

    Est.

    Projected

     

     

     

    		    
                               
     

    (Annual Percentage Change)

    		      

    National income and prices

    		                          

      GDP at constant prices 2

    6.2

    5.9

    		  

    5.3

    6.8

    6.3

    6.4

    5.8

    5.9

    6.0

    5.9

    		    

      GDP per capita at constant prices

    3.2

    2.9

    		  

    2.4

    3.8

    3.3

    3.4

    2.8

    2.9

    3.0

    2.9

    		    

      Consumer prices (average)

    3.6

    7.6

    3.7

    3.2

    3.5

    2.9

    2.3

    2.0

    2.0

    2.0

    		  

      Terms of trade

    -6.3

    -12.3

    7.9

    4.2

    12.4

    9.3

    3.6

    -1.3

    -1.0

    -0.7

    		  

      Nominal effective exchange rate

    1.2

    -2.3

    		  

    6.3

    3.5

    …

    …

    …

    …

    …

    …

    		    

      Real effective exchange rate

    1.5

    -3.6

    		  

    3.9

    3.0

    …

    …

    …

    …

    …

    …

    		    
                               
     

    (Percent of GDP)

    		      

    National accounts

    		                          

      Gross national savings

    20.4

    18.8

    		  

    18.8

    22.4

    20.8

    21.7

    23.1

    23.2

    23.4

    23.8

    		    

      Gross domestic investment

    26.5

    28.8

    		  

    28.7

    27.5

    26.9

    26.2

    26.3

    26.7

    27.3

    27.7

    		    

          Of which: public investment

    6.8

    7.8

    		  

    7.7

    8.8

    6.8

    6.7

    7.2

    7.5

    7.8

    8.2

    		    
                               
     

    (Annual changes in percent of beginning-of-period broad money)

    Money and credit

    		                      

       Net foreign assets

    1.7

    -7.9

    		  

    -7.2

    0.5

    6.1

    2.7

    2.1

    3.2

    3.2

    2.2

       Net domestic assets

    16.9

    20.7

    		  

    10.0

    12.6

    3.4

    9.9

    10.3

    9.9

    9.7

    10.2

       Broad money

    18.0

    11.4

    		  

    3.5

    12.4

    8.9

    11.4

    12.4

    12.8

    12.6

    12.1

    Credit to the economy

    8.1

    9.0

    		  

    6.8

    6.7

    2.7

    7.2

    7.0

    6.6

    6.5

    6.3
                           
     

    (Percent of GDP, unless otherwise indicated)

    Government financial operations

    		                      

      Government total revenue, excl. grants

    16.1

    15.8

    		  

    16.5

    17.3

    16.6

    17.3

    17.7

    18.2

    18.5

    18.8

      Government expenditure

    23.9

    24.7

    		  

    23.8

    22.6

    22.4

    22.0

    21.8

    21.9

    22.2

    22.5

      Overall fiscal balance, excl. grants

    -7.8

    -9.0

    		  

    -7.3

    -5.3

    -5.8

    -4.6

    -4.1

    -3.7

    -3.7

    -3.7

      Overall fiscal balance, incl. grants

    -6.3

    -7.8

    		  

    -6.3

    -4.2

    -5.2

    -3.8

    -3.3

    -3.0

    -3.0

    -3.0
                           

    External sector

    		  

      Exports of goods and services 3

    20.0

    19.6

    		  

    17.7

    21.4

    18.8

    21.3

    21.8

    21.4

    20.9

    20.7

      Imports of goods and services 3

    25.9

    29.7

    		  

    27.5

    26.5

    24.6

    24.4

    23.8

    23.4

    23.3

    23.2

      Current account, excl. grants

    -6.6

    -10.7

    		  

    -10.2

    -5.4

    -6.5

    -4.9

    -3.5

    -3.7

    -4.1

    -4.1

      Current account, incl. grants

    -5.9

    -9.8

    		  

    -9.5

    -4.8

    -6.1

    -4.5

    -3.3

    -3.5

    -3.9

    -3.8

      External public debt

    36.3

    37.0

    		  

    38.9

    36.1

    39.9

    37.8

    36.6

    35.5

    33.8

    32.6

      Total public debt

    58.5

    61.5

    		  

    64.0

    59.6

    65.0

    63.4

    61.9

    60.4

    58.8

    57.5
                           

    Broad money

    40.7

    40.8

    		  

    39.1

    40.6

    38.8

    39.4

    41.0

    42.8

    44.6

    46.3
                           
                             

     

    Memorandum items:

    		                        

       Nominal GDP (billions of CFA francs)

        100,963

    112,343

    		  

    121,414

    131,429

    133,227

    145,965

    157,833

    170,313

    183,993

    198,973

    		  

       Nominal GDP per capita (US dollars)

    1,308

    1,259

    		  

    1,356

    1,436

    1,446

    1,508

    1,588

    1,663

    1,744

    1,831

    		  

       CFA franc per US dollars, average

    554.2

    622.4

    		  

    606.5

    606.2

    …

    …

    …

    …

    …

    …

    		  

    Gross international reserves

    		                        

     In months of next year’s imports (of goods and services)

    5.0

    4.1

    		  

    3.5

    3.5

    4.6

    4.7

    4.8

    4.9

    5.1

    5.2

    		  

     In percent of current GDP

    13.9

    10.1

    		  

    7.8

    8.2

    10.1

    10.0

    10.1

    10.3

    10.6

    10.7

    		  

     In percent of the BCEAO’s sight liabilities

    79.7

    63.8

    		  

    56.9

    58.1

    66.9

    67.1

    66.5

    66.0

    66.2

    66.0

    		  

     In millions of US dollars

    24,172

    18,398

    		  

    15,764

    17,872

    21,593

    24,165

    26,254

    28,967

    32,156

    35,185

    		  

      Sources:  IMF, African Department database; World Economic Outlook; World Bank World Development Indicators; IMF staff

    estimates and projections.

    		  

      All projections presented were prepared in April 2025.

    		                                          

    1 Shows data from the IMF Country Report 24/90 issued on March 1, 2024.

    		                          

    2 The acceleration in GDP growth in 2024 is due to the start of production of large hydrocarbon projects in Niger and Senegal.

    		                          

    3 Excluding intraregional trade.

    		                                          
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Julie Ziegler

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

    https://www.imf.org/en/News/Articles/2025/05/06/pr25130-imf-executive-board-concludes-2025-discussions-common-policies-member-countries-waemu

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: Heads up! Alectra reminds residents to stay safe around powerlines

    Source: GlobeNewswire (MIL-OSI)

    MISSISSAUGA, Ontario, May 14, 2025 (GLOBE NEWSWIRE) — Powerline Safety Week is here, and Alectra Utilities is urging the public to be extra cautious around powerlines, whether working on job sites or tackling spring projects at home.

    According to the Electrical Safety Authority, more than 40 per cent of Ontarians mistakenly believe that direct contact is required to get a shock or burn from a powerline. However, electricity can arc from the line to any object that comes within three metres, such as a ladder, branch or tool, and cause serious injury or death.

    “Powerline Safety Week is an important time to remind everyone about the serious and frequently misunderstood risks that powerlines present,” said Patience Cathcart, Director of Data Science and Public Safety Officer, Electrical Safety Authority. “Public safety is one of our highest priorities. By working together to raise awareness, we can help reduce the risk of accidents and protect lives.”

    “Ensuring the safety of Alectra employees, customers and the public remains our top priority,” said Chris Hudson, Senior Vice President, Network Operations at Alectra Utilities. “Together, we can ensure an electrically safe and secure community for all.”

    Every year, injuries and even fatalities occur when people inadvertently come into contact with overhead, often during routine activities like landscaping, digging, or operating equipment under overhead powerlines.

    Here are six essential safety tips to always follow:

    1. Look up and look out: Always maintain awareness of overhead powerlines when engaging in outdoor activities. Identify all powerlines, including those obscured by foliage, near residential and work areas.
    2. Stay back 3 meters from overhead powerlines: You do not have to touch a powerline to get a deadly shock. Electricity can jump or “arc” to you or your tools if you get too close. Always keep a 3-metre gap between you, your tools and powerlines.
    3. Stay 10 metres from a downed powerline: There is no way of knowing if a powerline is live just by looking at it. Wires do not have to spark to indicate they are live. Always assume a downed powerline is energized and dangerous. Call 9-1-1 and the local utility immediately and ensure everyone stays at least 10 metres back—about the length of a school bus—from fallen powerlines.
    4. Call before you dig: Prioritize safety by contacting Ontario One Call at 1-800-400-2255 before initiating any excavation or construction project, ensuring the detection of underground utilities, including powerlines. The locate will only identify utility owned underground line. Customer owned underground lines will require a private locate.
    5. Be mindful of equipment: Avoid flying kites, drones, or other objects near powerlines, as even non-metallic items can conduct electricity, posing severe risks.
    6. Talk to your kids about powerline safety: Help children find safe places to play, away from utility poles and powerlines. Remind children never to climb trees near powerlines, since leaves and branches can hide the wires.

    For more information about powerline safety, visit: Powerline Safety | Alectra Utilities.

    About Alectra Utilities

    Serving more than one million homes and businesses in Ontario’s Greater Golden Horseshoe area, Alectra Utilities is now the largest municipally-owned electric utility in Canada, based on the total number of customers served. We contribute to the economic growth and vibrancy of the 17 communities we serve by investing in essential energy infrastructure, delivering a safe and reliable supply of electricity, and providing innovative energy solutions. Our mission is to be an energy ally, helping our customers and the communities we serve to discover the possibilities of tomorrow’s energy future.

    X: https://x.com/alectranews
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    LinkedIn: https://www.linkedin.com/company/16178435/admin/
    Bluesky: https://bsky.app/profile/alectranews.bsky.social
    YouTube: https://www.youtube.com/alectranews

    Media Contact

    Ashley Trgachef, Media Spokesperson | Email: ashley.trgachef@alectrautilities.com | Telephone: 416.402.5469 | 24/7 Media Line: 1-833-MEDIA-LN

    An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ff1df77-3979-4d30-9568-6392cda7596f

    The MIL Network –

  • MIL-OSI: Hola Prime and Pro Basketball Player Karl-Anthony Towns Team up for ‘Speed is Success’ Campaign, Redefining Prop Trading

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, May 14, 2025 (GLOBE NEWSWIRE) —  Hola Prime, a leading global proprietary trading firm, is proud to announce Basketball Champion, Karl Anthony Towns as its first-ever brand ambassador. This partnership marks a significant moment in Hola Prime’s journey, highlighting its commitment to reshaping modern prop trading around what truly matters – speed, performance, discipline, and fairness.

    The announcement coincides with the launch of Hola Prime’s new brand campaign, ‘Speed is Success’, produced by one of the top agencies. The campaign draws a compelling parallel between elite sports and trading – in both, speed is not just an advantage, but the edge. The cinematic film captures how success depends on reacting swiftly, thinking clearly under pressure, and executing with discipline, whether on the court or in the market.

    “At Hola Prime, we have always believed that trading, at its core, is a performance profession,” said Somesh Kapuria, Founder and CEO of Hola Prime. “It’s not about luck or shortcuts. It’s about building skill, managing risk, staying calm under pressure, and performing when it matters most. Karl-Anthony Towns personifies these values. His career reflects what we encourage in our traders – consistency, resilience, and the courage to keep improving every day. And Hola Prime compliments their skills with a fair and transparent trading environment, and super fast payouts.” Explaining his decision to collaborate with Hola Prime, Karl-Anthony Towns said, “What drew me to Hola Prime is how they’re flipping the script – not just in finance, but in how people see trading,” said Karl-Anthony Towns. “As a pro athlete, I know what it means to bet on yourself, and that’s exactly what Hola Prime is about, so I’m happy to be their first ambassador and to help bring that mindset to the next generation.”

    Hola Prime’s decision to collaborate with an elite athlete reflects its belief that trading, like sports, rewards those who move fast, think fast, and execute fast. It’s a natural extension of its trader-centric approach – creating a platform where individuals thrive through speed, strategy, and discipline.

    With innovations like transparent pricing, under-one-hour payouts, one-on-one mentorship, and clear trading rules, Hola Prime is redefining trading speed from execution to earnings. The ‘Speed is Success’ campaign champions a new era of fair, fast, and performance-driven trading – empowering individuals to thrive through agility, skill, and accountability.

    The partnership with Towns positions Hola Prime as a standout in a saturated market – more than just a platform, it is a movement. With the star power of a professional basketball giant and the soul of a fintech disruptor, Hola Prime is redefining what trading looks like in 2025 and beyond.

    Watch the full video here: https://youtu.be/yE0Mj3BIBhc?si=ie_IEyAYMRbh471N

    About Hola Prime

    Hola Prime is a global proprietary trading firm with offices in the UK, Hong Kong, Cyprus, Dubai, and India. It supports a diverse community of traders across 175+ countries, offering access to over 150 financial instruments across multiple trading platforms. The firm is known for its structured approach to risk management, transparency, and trader-centric operations. Learn more at holaprime.com.

    Social Links

    Instagram: https://www.instagram.com/holaprime_global/

    YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQ

    LinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=true

    X: https://x.com/HolaPrimeGlobal

    Discord: https://discord.gg/TJ7TcHPXBf

    Quora: https://www.quora.com/profile/HolaPrime/

    Reddit: https://www.reddit.com/user/HolaPrime/

    Medium: https://medium.com/@social_46267

    Media Contact

    Company: Hola Prime

    Contact: Media Team

    Email: marketing@holaprime.com

    Website: https://holaprime.com/

    The MIL Network –

  • MIL-OSI: AIMS Wins Best Global Football Sponsor at the Forex Sport Awards 2025

    Source: GlobeNewswire (MIL-OSI)

    Malaysia, May 14, 2025 (GLOBE NEWSWIRE) — AIMS Group is proud to announce that it has been awarded the prestigious title of Best Global Football Sponsor at the 2025 Forex Sport Awards.

    AIMS sport award Best global Football sponsor

    This recognition marks a significant milestone for AIMS and underscores the success of its strategic investment in global sports sponsorships. The judging panel unanimously praised AIMS, stating:

    “AIMS has established a strong presence in global football sponsorship. Having previously been the regional partner of Borussia Dortmund, AIMS made the leap to the Premier League with Tottenham Hotspur FC and has conducted a powerful marketing campaign to cement its sponsorship presence at a global level.”

    The award celebrates the impact of AIMS’ football partnerships — from its earlier success with German football giant Borussia Dortmund (BVB) to its current dynamic collaboration with Tottenham Hotspur Football Club, a Premier League powerhouse.

    Competing against some of the most recognized names in the financial services industry and AIMS emerged as the top choice. This achievement highlights the company’s innovative approach to sponsorship and its growing influence in both the financial and sporting worlds.

    “This award is more than a recognition of our efforts — it’s a reflection of the belief and trust our clients, partners, and supporters have in AIMS. We share this win with all of them,” said Aaron Chang, CEO for AIMS Group. “It motivates us to continue pushing boundaries and building meaningful global connections through the power of sport.”

    As AIMS continues its mission to make financial education and trading opportunities accessible to all, this award serves as further validation of its commitment to excellence, innovation, and community impact.

    About AIMS

    AIMS is a globally trusted financial brokerage offering trading services and infrastructure for both institutional and retail clients in over 17 countries. Known for its high-performance platform, low spreads, and client-first approach, AIMS continues to be a key force in shaping the global trading industry.

    Press inquiries

    AIMS
    https://aimsfx.com/
    Benson Low
    media@aimsfx.com

    The MIL Network –

  • MIL-OSI: Transactix Launches New Era in Canadian Payments

    Source: GlobeNewswire (MIL-OSI)

    Toronto, Ontario, Canada – Consensus, May 14, 2025 (GLOBE NEWSWIRE) — Transactix Financial Inc. today introduced a secure, unified payments platform that frees Canadians from the exorbitant fees and inefficiencies that impact the country’s financial well-being. 

    Its Open Value Network™ (“OVN”) is engineered to facilitate the immediate and seamless transfer and conversion of digital value – whether in tokens, points, credits, stablecoins, cryptocurrencies, or fiat currency – at a fraction of the cost Canadians have had to pay.

    “Moving value should be as cheap and effortless as sending a text message,” said Abou Daya, CEO of Calgary-based Transactix. “But Canadians continue to bear costs for transferring funds that are more comparable to snail mail or shipping a parcel than sending an email. This is an outdated paradigm that OVN will disrupt.” 

    Similarity in the price of financial transfers and physical mail delivery in Canada stems from legacy infrastructure, regulatory overhead, and the dominance of a few large financial institutions. These factors have kept costs high, even as digital technology has made near-instant, low-cost communication commonplace. In contrast, the OVN leverages modern, patented technology to eliminate these inefficiencies, making value transfer as inexpensive and immediate as digital messaging.

    A Platform for Growth, Security, and Innovation

    “The launch of the Open Value Network is a testament to Canadian innovation and leadership in blockchain technology,” said Koleya Karringten, Executive Director of the Canada Blockchain Consortium. “By enabling secure, immediate, and low-cost value transfers across a wide range of digital assets, OVN has the potential to empower consumers, drive fintech growth, and strengthen Canada’s economic sovereignty in the rapidly evolving global digital economy.”

    Transactix’s OVN is more than a payment network. It is a secure, developer-friendly ecosystem that:

    • Enables fintechs to build on a cohesive, blockchain native infrastructure, complementing existing legacy payment rails.
    • Empowers consumers and businesses with new, globally competitive services.
    • Advocates for regulatory modernization to foster innovation, reduce costs, and protect Canadian interests amid rising tariffs and global competition.
    • Illustrates to policymakers and regulators on how novel technologies can lower costs and strengthen Canada’s economic resilience.

    National Security and Economic Sovereignty

    The stability of Canada’s economy and the integrity of its currency are inseparable from national security. The rapid proliferation of stablecoins and cryptocurrencies, many issued by foreign entities, presents both opportunities and challenges for Canadian sovereignty and economic governance. As the world accelerates toward digital currencies, the United States is positioning itself as a global leader. Canada must keep pace with a robust digital currency strategy to safeguard its interests and ensure that Canadian businesses and consumers have access to homegrown digital assets.

    About Transactix

    Transactix is enabling individuals and companies to exchange money, cryptocurrencies, loyalty rewards, credits, and more — instantly, securely, for less than the price of a text message — with its revolutionary Open Value Network™ and Stablecoin-as-a-Service offerings. It is establishing a new benchmark for speed, affordability, accessibility with compliance in the digital economy powered by a proven infrastructure already processing over $100 billion (US) in transactions. www.transactix.ca

    For more information about the OVN launch and Ali Abou Daya’s presentation “Moving Value Cheaper Than Text”, visit the Consensus 2025 Toronto agenda.

    Media Kit:
    https://drive.google.com/drive/folders/18B4IACAtyW_-ktNyTxkDSTQvfqjfFXej?usp=drive_link

    The MIL Network –

  • MIL-OSI: New Stablecoin from Transactix Reshaping Canadian Cryptocurrency Landscape

    Source: GlobeNewswire (MIL-OSI)

    Toronto, Ontario, Canada – Consensus, May 14, 2025 (GLOBE NEWSWIRE) — Transactix Financial Inc. today launched a new type of digital currency, linked to the value of the Canadian dollar, that gives businesses, consumers, and financial partners a secure, efficient, and programmable way to make and accept payments and settlements. Called CADX™, this financial innovation is engineered to bring the speed and versatility of blockchain technology to payments. 

    CADX is a Canadian dollar-backed stablecoin – a type of cryptocurrency that mitigates volatility by having a reserve of a sovereign currency, in this case the Canadian dollar, to support the value of the cryptocurrency. CADX is fully backed by $50 million in Canadian assets. It will be delivered to the market using Transactix’s advanced Stablecoin-as-a-Service platform, an innovative infrastructure that has already supported more than $100 billion (US) in global digital transactions.

    “CADX is more than a digital asset—it’s a catalyst for financial innovation in Canada,” said Transactix CEO Ali Abou Daya. “By combining robust asset backing, regulatory compliance and advanced technology, we are empowering Canadians and our partners to participate in the digital economy with extraordinary confidence.”

    Others in the Canadian digital payments system are lauding CADX.

    “The launch of CADX is a meaningful step toward a more competitive digital payments ecosystem in Canada,” said Alex Vronces, Executive Director of Fintechs Canada. “Stablecoins offer a credible alternative to legacy systems. When they’re built to be secure, low-cost, and compliant, they can expand choice and shift power toward users—something our financial system sorely needs.”

    Calgary-based Transactix made the announcement at Consensus 2025, one of the cryptocurrency world’s most prestigious international events. Speakers at the event include Eric Trump, Kevin O’leary, and Robert Hines, the Executive Director of the President’s Council of Advisors for Digital Assets at the White House.

    A New Opportunity for Canadian Finance

    CADX offers a transformative opportunity for Transactix and its ecosystem

    • For Customers: CADX provides faster, lower-cost transactions and the ability to use Canadian dollar stablecoins in a growing range of applications, from payroll to cross-border remittances and decentralized finance.
    • For Partners: Financial institutions, fintechs, businesses, and payment service providers can leverage the Stablecoin-as-a-Service platform to integrate CADX into their offerings, unlocking new revenue streams and innovative financial products.
    • For Transactix: The launch positions Transactix at the forefront of Canadian digital finance, enabling the company to shape the future of programmable money and digital payments infrastructure.

    Transactix Stablecoin-as-a-Service: Patent-Backed Freedom to Operate

    Transactix’s Stablecoin-as-a-Service is underpinned by an unparalleled and formidable Canadian patent portfolio. This intellectual property foundation provides partners who wish to launch their own stablecoin the critical freedom to operate as part of the Transactix service model. By leveraging this robust patent coverage, partners can confidently innovate and deploy new stablecoins within a secure, compliant, and future-ready ecosystem.

    Canada’s Stablecoin Market: Poised for Growth

    Canada stands at a crossroads in stablecoin adoption. While the country has been a global innovator in blockchain technology, regulatory uncertainty has slowed the rollout of CAD-backed stablecoins. Recent regulatory changes have clarified requirements for stablecoin issuers, with fiat-backed stablecoins now being subject to securities regulatory oversight. Despite these challenges, the demand for stablecoins in Canada is rising, driven by the need for faster, more efficient payment solutions and the desire for a payment mechanism that can compete globally.

    About Transactix 

    Transactix is enabling individuals and companies to exchange money, cryptocurrencies, loyalty rewards, credits, and more—instantly, securely, and at a lower cost, often less than the cost of sending a text message. Its revolutionary Open Value Network™ and Stablecoin-as-a-Service are establishing a new benchmark for speed, affordability, and accessibility with compliance in the digital economy powered by a proven infrastructure already processing over $100 billion (US) in transactions. www.transactix.ca.

    Attention Media and Analyst

    Transactix will be holding a media scrum and reception at Consensus 2025 to discuss the CADX launch at 3:30 pm EDT today in Room MR 704. All media, analysts, and social media influencers are invited to attend.

    Media Kit:
    https://drive.google.com/drive/folders/18B4IACAtyW_-ktNyTxkDSTQvfqjfFXej?usp=drive_link

    The MIL Network –