NewzIntel.com

Category: Business

  • MIL-OSI: Oma Savings Bank Plc – Managers’ transactions – Gillberg-Hjelt

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 8 MAY 2025 AT 16.15 P.M. EET, MANAGERS’ TRANSACTIONS

    Oma Savings Bank Plc – Managers’ transactions – Gillberg-Hjelt
    ____________________________________________

    Person subject to the notification requirement
    Name: Gillberg-Hjelt, Irma
    Position: Member of the Board/Deputy member
    Issuer: Oma Savings Bank Plc
    LEI: 743700LE1ECAPXC5UT18

    Notification type: INITIAL NOTIFICATION
    Reference number: 107543/5/4
    ____________________________________________

    Transaction date: 2025-05-08
    Venue: XHEL
    Instrument type: SHARE
    ISIN: FI4000306733
    Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

    Transaction details
    (1): Volume: 1188 Unit price: 0.00 EUR

    Aggregated transactions
    (1): Volume: 1188 Volume weighted average price: 0.00 EUR

    Oma Savings Bank Plc

    Additional information:
    Karri Alameri, CEO, tel. +358 45 656 5250, karri.alameri@omasp.fi

    DISTRIBUTION: 
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network –

  • MIL-OSI: How the Industry of Drones is Evolving Rapidly with New Trends and Technologies Emerging Regularly

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 08, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Experts in the drone industry are excited about its future. One such player said: “As we soar into a new era of technological innovation, drones are rapidly becoming a significant part of our everyday lives. From aerial photography to package delivery and from environmental monitoring to emergency response, drones are revolutionizing numerous industries.” They continued: “Artificial Intelligence (AI) and Machine Learning (ML) are at the forefront of drone technology advancements. Companies… are leading the way in this area with drones that can navigate complex environments autonomously using AI.  The market for AI in drones is expected to grow significantly, impacting sectors like agriculture, construction, and security. According to a report by MarketsandMarkets, the market size for drones with AI is expected to grow from $2.1 billion in 2022 to $6.5 billion by 2027. The trend towards increased autonomy in drone technology is gaining momentum.  Companies are developing drones that can perform complex tasks without human intervention, such as detecting leaks, inspecting pipelines, and even charging themselves. This increased autonomy is expected to boost efficiency and productivity in various sectors, including agriculture, construction, and logistics. For example, autonomous drones can be used for precision agriculture, where they can monitor crop health, apply fertilizers, and even harvest crops. The enormous commercial potential is why the global precision agriculture market size is expected to reach $19.24 billion by 2030.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), AeroVironment, Inc. (NASDAQ: AVAV), Ondas Holdings Inc. (NASDAQ: ONDS), Palladyne AI Corp. (NASDAQ: PDYN), Red Cat Holdings, Inc. (NASDAQ: RCAT).

    MarketsandMarkets added: “Drone swarming, the coordinated operation of multiple drones, is another emerging trend. Each drone in a swarm operates autonomously yet in harmony with the others, allowing the swarm to cover larger areas and perform tasks more efficiently than a single drone. Companies… are pioneering this technology, using it to create stunning light shows at live events. However, the potential applications of drone swarming extend far beyond entertainment. For example, in search and rescue operations, a swarm of drones can cover a large area to search for signs of life, allowing rescue teams to locate and reach victims more quickly. This technology could prove invaluable in the aftermath of natural disasters, where time is of the essence. The world of drones is evolving rapidly, with new trends and technologies emerging regularly. These advancements are opening up new applications and markets, from agriculture and construction to healthcare and entertainment. As we continue to explore the potential of these versatile machines, it’s clear that drones will play an increasingly important role in our future.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Tests Proprietary Camera Enabling IQ Nano Drone Swarms for US Defense Applications and Blue UAS Submission – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that its subsidiary ZenaDrone is testing a new proprietary specialized camera that enables more efficient indoor applications such as inventory and security management, when utilizing IQ Nano drone swarms for commercial and US defense applications. The new camera prototype developed by its Taiwan component manufacturing subsidiary, Spider Vision Sensors, in collaboration with its certified electronics manufacturing partner, Suntek Global, will enable faster and more precise collection of data including multiple bar codes simultaneously scanned by multiple drones in a drone swarm. The company plans to apply for Blue UAS (Unmanned Aerial Systems) certification that lists and validates drones for military and government use.

    “Our Spider Vision Sensors subsidiary in collaboration with Suntek Global, has helped us speed up development of customized and specialized cameras required for our innovative drone swarm applications for commercial and defense customers. This partnership will continue to be invaluable as we develop our NDAA-compliant supply chain and received Blue UAS certification which will allow military and federal agencies to directly purchase our drones.,” said CEO Shaun Passley, Ph.D.

    Military and Defense departments use small autonomous indoor drones like the 10X10 inch IQ Nano for various applications such as inventory management, indoor building reconnaissance, search and rescue, training simulations, and explosives detection. ZenaDrone is also engaged in a paid trial which includes developing drone swarm applications for inventory management and security applications with a multinational auto parts manufacturer customer.

    A drone swarm is a coordinated group of autonomous drones that communicate and work together using AI and real-time data sharing, to perform tasks collaboratively without direct human control. Drone swarms enhance efficiency, accuracy, automation, and performance compared to a single drone. Autonomous drones can rapidly scan thousands of bar codes or RFID tags per second with high accuracy, providing real-time visibility into inventory without disrupting workflows. A drone swarm can also cover more ground simultaneously, dramatically reducing inventory audit times and manual labour while providing near-total inventory visibility.

    An AI drone swarm for indoor security and surveillance enhances coverage, response time, and efficiency by autonomously patrolling large areas, detecting threats, and providing real-time situational awareness. Unlike stationary cameras or human patrols, drone swarms can dynamically adapt to security breaches, track intruders, and coordinate movements to eliminate blind spots. AI-driven analytics enable them to identify anomalies, recognize faces, and detect unauthorized activity with high precision, reducing false alarms and improving security decision-making. Their autonomous nature minimizes human labor costs while ensuring 24/7 monitoring in complex environments like warehouses, data centers, or commercial facilities.

    The ZenaDrone IQ Nano is available in 10×10 and 20×20-inch sizes, designed to perform regular and frequent inspections such as bar code or RFID scanning, facility maintenance inspections, security monitoring, 3D indoor mapping and other applications inside a warehouse, distribution, or plant facility. It is designed for autonomous use featuring integrated sensors, high-quality cameras, data collection and analysis including AI methodologies. Weighing 1.5kg and with a flight time of at least 20 minutes before utilizing the automatic battery recharging station, it is designed for hovering stability and safety with obstacle avoidance capabilities.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Ireland Office Offering Drone as a Service (DaaS) Including Precision Agriculture to a European Market Growing at 28.6% Annually – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces it will be expanding operations and opening a new, larger office and its European Headquarters in Dublin, Ireland. The new hub will facilitate the Company’s drone sales and DaaS drone services — including precision agriculture solutions — to a growing UK and European market. The Company anticipates the official grand opening during the summer of 2025.

    Strategically located near Dublin Airport and accessible via all major motorways, the new office location will serve a growing customer base in Ireland and enable growth across Europe, catering to agriculture as well as construction, renewable energy — including wind and solar farms — golf courses, racecourses, and warehouse and logistics.

    “Expanding our Dublin office and establishing a European HQ marks a new chapter in our strategy to scale our drones and DaaS offerings globally while servicing the fastest growing agricultural drone markets located in Europe. Our AI-powered drone solutions are designed to boost crop yields while reducing operational costs and provide smart, data-driven insights — empowering crop monitoring and health assessment, nutrient and resource optimization, and profitability,” said CEO Shaun Passley, Ph.D.

    The European agricultural drone market was valued at approximately USD 4.6 billion in 2023 and is projected to reach USD 43.23 billion by 2032, growing at a compound annual growth rate (CAGR) of 28.58% according to Market Data Forecast . This growth is fueled by the adoption of drones for crop spraying, mapping, pest control, seeding, and remote sensing, which enhance productivity and resource efficiency in farming. Growth is also supported by favorable European government policies and a strong focus on sustainable farming practices.    Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    To meet the emerging air threats of today and the rapidly evolving threats of tomorrow, AeroVironment, Inc. (NASDAQ: AVAV) recently announced Titan 4, the next generation of its battle-proven, warfighter-trusted Counter-Unmanned Aerial Systems (C-UAS) technology. Titan 4 is a smaller, lighter, more powerful, highly extensible Radio Frequency (RF)-based solution to detect and defeat Group 1 and 2 drone threats.

    Titan 4 is portable and mission-adaptable—supporting mobile, dismounted, or fixed-site use—and can deploy in under five minutes to identify and neutralize threats, creating a protective dome around personnel and infrastructure. Titan 4 is 17% lighter and 73% smaller than its dual-chassis predecessor, now integrated into a single compact chassis as compared to its dual-chassis predecessor. It offers nearly 250% more transmit power with 540W of total output over six RF bands to address both current and emerging threats. For enhanced airspace awareness, AV has integrated its Titan-SV system within Titan 4 to provide operators with AI/ML-backed passive, long-range precision threat detection.

    Ondas Holdings Inc. (NASDAQ: ONDS), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, recently announced it has secured a $3.4 million order for its Iron Drone Raider Counter-UAS system from renowned European defense contractor for their governmental end client. This marks the initial deployment of the Iron Drone Raider in Europe and represents a major milestone in the global expansion of Ondas’ counter-UAS business.

    “Ongoing geopolitical instability and the rapid proliferation of hostile drone technologies have intensified the urgency for effective counter-UAS capabilities across NATO-aligned and partner nations,” said Eric Brock, Chairman and CEO of Ondas. “This order reflects the rising global demand for autonomous aerial defense systems that can be rapidly deployed, scaled, and adapted to modern threat environments. Iron Drone Raider delivers a differentiated solution for military and homeland security operators charged with safeguarding critical infrastructure and civilian populations from increasingly sophisticated aerial threats.”

    Palladyne AI Corp. (NASDAQ: PDYN), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, and Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently announced a significant testing milestone in their ongoing collaboration—the completion of an autonomous, cross-platform collaborative flight involving three diverse heterogeneous drones.

    During this most recent testing, which leveraged Red Cat’s Teal 2 and Black Widow drones and the Palladyne™ Pilot AI software, each platform operated using onboard edge computing and constrained communication protocols without reliance on centralized infrastructure to communicate. The system enabled real-time, distributed detection and tracking of multiple dynamic and static ground objects—including humans and vehicles—in different regions of interest, providing a single operator with comprehensive situational awareness. The two companies previously announced a successful two-drone flight operation in January 2025, and Palladyne AI announced a single-drone testing scenario in December 2024 to autonomously identify, prioritize, and track terrestrial targets.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

    Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

    Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Oma Savings Bank Plc – Managers’ transactions – Jaskari

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 8 MAY 2025 AT 16.20 P.M. EET, MANAGERS’ TRANSACTIONS

    Oma Savings Bank Plc – Managers’ transactions – Jaskari
    ____________________________________________

    Person subject to the notification requirement
    Name: Jaskari, Aki
    Position: Member of the Board/Deputy member
    Issuer: Oma Savings Bank Plc
    LEI: 743700LE1ECAPXC5UT18

    Notification type: INITIAL NOTIFICATION
    Reference number: 107549/5/4
    ____________________________________________

    Transaction date: 2025-05-08
    Venue: XHEL
    Instrument type: SHARE
    ISIN: FI4000306733
    Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

    Transaction details
    (1): Volume: 1188 Unit price: 0.00 EUR

    Aggregated transactions
    (1): Volume: 1188 Volume weighted average price: 0.00 EUR

    Oma Savings Bank Plc

    Additional information:
    Karri Alameri, CEO, tel. +358 45 656 5250, karri.alameri@omasp.fi

    DISTRIBUTION: 
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network –

  • MIL-OSI: Beam Global Reports 23% Increase in Q1 2025 Orders for its EV ARC™ Off-Grid Solar-Powered Charging Units Over Previous Quarter

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 08, 2025 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced a broad range of new orders for its EV ARC™ off-grid solar-powered charging units, despite a reduction in federal demand. The 23% quarter-over-quarter increase in orders reflects growing demand for clean, resilient infrastructure solutions across a wide variety of sectors and regions.

    Recent orders were placed by a mix of municipal and county governments, state and federal agencies, environmental organizations, and private sector companies including those in construction, clean energy, and technology. The orders came from multiple states including California, Arizona, Colorado, Florida, Michigan, and Washington.

    “This increase in quarter-over-quarter orders is at almost exactly the same rate as the growth of electric vehicle sales in the U.S. and demonstrates the success of our shifting focus toward commercial customers rather than the federal government following the recent election, even as we continue to receive orders from federal entities, albeit at a reduced rate,” said Desmond Wheatley, CEO of Beam Global. “It also proves that while we are focusing heavily on growth in Europe, the Middle East and Africa, we are still performing strongly in the U.S. We look forward to this growth continuing throughout the year on a global scale.”

    As demand for electric vehicles continues to rise, with global EV sales up 29% in 2025 and a 16% increase in North America alone, Beam Global remains at the forefront, delivering innovative, sustainable solutions that help public and private sector organizations meet their climate and operational goals.

    To learn more about Beam Global’s solutions, visit www.BeamForAll.com.

    About Beam Global
    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube, Instagram and X (formerly Twitter).

    Forward-Looking Statements
    This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

    Media Contact
    Andy Lovsted
    +1-858-335-8465
    Press@BeamForAll.com

    Investor Relations
    Luke Higgins
    +1-858-799-4583
    IR@BeamForAll.com

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5e6095f-b0ab-4cb4-8793-e5fc32cc9e33

    The MIL Network –

  • MIL-OSI Russia: Jamaica: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    May 8, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. 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 Executive Board for discussion and decision.

    Kingston, Jamaica: An International Monetary Fund (IMF) team led by Mr. Mauricio Villafuerte held meetings in Kingston (and virtually) with Jamaica government counterparts, private sector, civil society, and development partners during April 30-May 7 to conduct the 2025 Article IV consultation. At the conclusion of the mission, Mr. Villafuerte issued the following statement:   

    “Over the last decade, Jamaica has successfully reduced its public debt, firmly anchored inflation and inflation expectations, and strengthened its external position. It has built an enviable track record of investing in institutions and prioritizing macroeconomic stability. Jamaica has met recent global shocks and natural disasters in a manner that is agile, prudent, and supportive of growth.

    GDP declined in FY2024/25 due to hurricane Beryl and tropical storm Raphael which damaged agriculture and infrastructure and undermined tourism. Nonetheless,  economic activity is projected to normalize as these effects wane. Unemployment has fallen to all-time low levels (3.7 percent in January 2025) and inflation has converged to the Bank of Jamaica (BOJ)’s target band of 4-6 percent. The current account has been in a modest surplus for the last two fiscal years with strong tourism revenues and high remittances. The international reserves’ position has continued to improve.

    “The outlook points to growth settling at its potential rate once the FY2025/26 recovery is complete and with inflation stabilizing at the BOJ’s target range. Nonetheless, global developments require continued close monitoring. Global downside risks emanating from tighter global financial conditions, lower growth in key source markets for tourism, and trade policy disruptions remain high. Finally, extreme weather events—such as floods, hurricanes, or earthquakes—could negatively affect economic activity.

    “The Jamaican authorities continue to implement sound macroeconomic policies, aided by robust policy frameworks. A primary surplus is expected for FY2025/26 leading public debt to fall towards 65 percent of GDP by the end of the fiscal year, the lowest level in 25 years and well below pre-pandemic levels. The Bank of Jamaica’s approach to monetary policy has anchored inflation around the mid-point of the inflation target band and inflation expectations have declined close to the upper band of the BOJ’s target range. The lowering of the policy rate in 2024 was justified in view of the temporary nature of the weather-related shocks and the expected convergence of inflation to the BOJ’s target. The current fiscal-monetary policy mix places Jamaica in a good position to respond to the various downside global risks, should they be realized.

    “The policy frameworks are benefitting from ongoing improvements. A Fiscal Commission became operational in 2025 and is providing assessments of the macroeconomic and fiscal forecasts as well as the budget’s consistency with Jamaica’s fiscal rules. The wage bill reform has reduced distortions in public sector compensation, increasing both transparency and competitiveness of civil service salaries. Tax and customs administration improvements are increasing compliance. Progress continues with adopting the Basel III framework, introducing a “twin peaks” supervisory regime, expanding the BOJ’s supervisory perimeter, and enhancing consolidated supervision.

    “Going forward the wage bill needs to be carefully managed to avoid crowding out other fiscal priorities. At the same time, there is room to improve the efficiency of public spending per recommendations of an Agile Public Expenditure and Financial Accountability assessment completed in June 2024. The fiscal responsibility law could benefit from the adoption of an explicit operational debt anchor below the current debt limit to help guide policies over the medium term, ensure that debt is kept at moderate levels, and build fiscal buffers. Implementing reforms to deepen foreign exchange market and allow greater exchange rate flexibility would strengthen the transmission mechanism of monetary policy. Financial stability should be further bolstered by passing the Special Resolution Regime law and making further improvements to the AML/CFT framework.

    “The authorities are implementing policies to foster potential growth and tackle supply side constraints that inhibit growth. Low productivity has been worsened by structural impediments including high crime, barriers to competition, poor educational outcomes, inadequate infrastructure, and barriers to trade. The authorities are addressing these issues by increasing investments in policing and security (which has led to a sustained decline in major crimes). Efforts are also underway to establish an unemployment insurance and strengthen employment services (including job counseling and job matching). The authorities continue to introduce measures to reduce pollution and incentivize the adoption of low carbon technologies. Finally, a comprehensive action plan is being developed to improve statistics.  

    “The IMF team is grateful to the Jamaican authorities and other counterparts for their hospitality and very productive discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Brian Walker

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

    https://www.imf.org/en/News/Articles/2025/05/08/mcs-05072025-jamaica-staff-concluding-statement-of-the-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Global: Chinese research isn’t taken as seriously as papers from elsewhere – my new study

    Source: The Conversation – UK – By Peng Zhou, Professor of Economics, Cardiff University

    My new research suggests there is a stubborn pattern in academic publishing. My co-author and I examined some 8,000 articles published in the world’s most reputable economics journals to study citations, which are where academics cite previously published research in their papers. We found papers whose lead author had a Chinese surname received on average 14% fewer citations than comparable papers written by those with a non-Chinese name.

    This supports similar findings from previous studies in chemistry and other natural sciences, suggesting that citation prejudice is a cross-disciplinary problem.

    In reaching that conclusion, we put our raw findings through every test we could think of to rule out other explanations. Our first thought was that maybe Chinese-authored papers are more recently published on average than non-Chinese-authored papers, and therefore less cited. However the same citation gap holds for papers published in all years.

    Average citations of economic articles by author ethnicity:

    Another obvious guess is that Chinese-authored papers are of lower quality. Some readers will have heard about the issue of China’s “paper mills”, companies which have in recent years been churning out research papers based on fraudulent findings for Chinese universities. There are reports that this may have made some western academics more reluctant to take Chinese research seriously, but these are largely a problem for low-quality journals.

    We only looked at articles published in the top journals (rated as 4 or 4* in the ABS journal rankings). Each paper has gone through a strict process of editorial review, often taking a couple of years, so they are far less likely to have been produced by high-volume paper mills. Additionally, almost half of the Chinese authors in our sample were affiliated outside China, so paper-mill allegations against Chinese authors are not relevant in our observations.

    Alternatively, you may be wondering if Chinese authors’ papers are less citable because of a language barrier in the writing. Again, this shouldn’t be an issue when all these papers which have been strictly quality-assured by peer reviews and editorial reviews. The writing styles of Chinese authors in these journals do not seem significantly different from non-Chinese authors.

    We probed still more possibilities to explain the apparent discrimination, controlling for different factors and so on. But each time, the citation gap persisted – and sometimes became larger.

    Eventually we gave up trying to falsify the hypothesis, and turned to understanding why this ethnic discrimination exists.

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

    Why do economists discriminate?

    Picture the market for ideas as a miniature galaxy. Each paper is like a planet with its own mass, based on its quality, the authors’ stature and the perceived importance of the topic. Citations are like gravity, tugging knowledge towards these planets; the heavier the planet’s mass, the stronger the pull.

    Yet gravity also fades with distance, in this case meaning not kilometres but culture – language, networks and the subtle signals that tell us who feels familiar. It may be that the farther away a scholar seems on the cultural map, the weaker their intellectual pull.

    Our findings show this “cultural distance” at work. Interestingly, the same thing happens in both directions: the ratio of Chinese-authored references is significantly higher in Chinese-authored papers than in non-Chinese-authored papers.

    Our next step was some detective work to deduce who exactly is discriminating. We identified four “suspects”: journal editors, reviewers, publishers, and finally citers.

    If discrimination began with journal editors, they should only be publishing Chinese-led papers of comparably higher quality than other papers they publish. If so, you would expect these superior papers to be cited more, not less, which is at odds with the evidence.

    As for reviewers, most journals adopt a “double-blind” approach where reviewers and authors don’t know each other’s identities. If reviewers don’t know when they’re dealing with a Chinese author, they cannot be discriminating against them. Similarly, publishers are not usually allowed to intervene in editorial decisions, so they cannot be discriminating either.

    This leaves the citers as the main discriminators, those who read academic papers and cite them in their own work. To get a clearer picture of what is happening, we compared three pairs of subgroups: Chinese versus non-Chinese, top economists versus non-top economists, and those with US university affiliations versus non-US affiliations.

    We concluded that non-Chinese top economists from non-US institutions are the ones least likely to cite authors with Chinese surnames. This seems surprising given US rivalry with China, but actually it is a natural consequence. For US economists to study their biggest opponent, you would expect them to cite studies about China –and most are done by Chinese authors.

    Mitigating the discrimination

    One way of reducing the “Chineseness” of authorship is co-authoring with a non-Chinese academic. However in academic writing, a citation convention is that when a paper has over three authors, you only keep the surname of the first author (who is also the lead researcher). For example, a paper written by Zhang, Smith and Armstrong in 2025 will simply become “Zhang et al. (2025)”. Therefore bringing in more non-Chinese academics will make no difference.

    Another way of diluting “Chineseness” is for the lead author to become affiliated with a US institute. Per our study, this reduces the citation bias by 16%. However, obtaining such a US affiliation is not always feasible.

    This led us to conclude that the best way of reducing discrimination is to reduce the amount of author information in citations. For example, journals can request for citations to be by initials (“BG 1957”) or numeric codes (1, 2, 3), as market leaders like Nature already do. Journals can also use a digital object identifier (DOI), for example “10.1234/example.article”, instead of disclosing author names in published references.

    This may not solve the problem of papers not being cited in the first place, but it can reduce the likelihood of subsequent citation bias as readers no longer know the surnames of cited papers.

    Discrimination is self-sabotage. Each time we discount a paper because the surname feels “foreign”, we put the brakes on our own progress. This slows insight, muffles debate and leaves the world poorer in ideas.

    Peng Zhou 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. Chinese research isn’t taken as seriously as papers from elsewhere – my new study – https://theconversation.com/chinese-research-isnt-taken-as-seriously-as-papers-from-elsewhere-my-new-study-255794

    MIL OSI – Global Reports –

  • MIL-OSI Global: Decentralized finance is booming − and so are the security risks. My team surveyed nearly 500 crypto investors and uncovered the most common mistakes

    Source: The Conversation – USA – By Mingyi Liu, Ph.D. student in Computer Science, Georgia Institute of Technology

    When the first cryptocurrency, Bitcoin, was proposed in 2008, the goal was simple: to create a digital currency free from banks and governments. Over time, that idea evolved into something much bigger: “decentralized finance,” or “DeFi.”

    With decentralized finance, people trade, borrow and earn interest on crypto assets without relying on traditional intermediaries. DeFi services run on blockchains, which are essentially digital ledgers, and use “smart contracts” − self-executing code that automates financial transactions. Tens of billions of dollars have poured into the DeFi market.

    But with innovation comes risks. The lack of centralized oversight has made crypto, including decentralized finance, a prime target for hackers and scammers. In 2024 alone, people lost nearly US$1.5 billion due to security exploits and fraud. And unlike traditional finance, there’s usually no way to recover stolen crypto.

    As a computer scientist, I wanted to better understand how people perceive and respond to these risks. So my colleagues and I first conducted in-depth interviews with 14 crypto investors, then surveyed nearly 500 others to validate our findings.

    Our study found that people often made the same mistakes, driven by recurring misconceptions and gaps in security awareness. Here are some of the most important.

    Mistake 1: Thinking the blockchain guarantees security

    Many people told us they thought decentralized finance was secure – but their reasoning wasn’t very convincing. Some seemed to confuse decentralized finance with blockchain technology itself, which is designed to ensure transactions are tamper-resistant through so-called “consensus mechanisms.” One told us that DeFi is secure “because a hacker would have to override an entire blockchain” to steal funds.

    But services on the blockchain are still vulnerable to implementation and design flaws. These include smart contract breaches, in which bad guys exploit bugs in a service’s code, and front-end attacks, where a user interface is altered to redirect funds into a hacker’s wallet. A front-end attack was reportedly to blame for a recent $1.5 billion crypto heist.

    CNBC reports on the record-breaking $1.5 billion crypto theft.

    Mistake 2: Thinking safe keys mean safe funds

    Another common misconception is that DeFi is secure if private keys are well stored. A private key is a secret code that allows someone to access their crypto assets. It’s true that in DeFi – unlike in centralized crypto finance where an exchange holds private keys – users have full control over their own private keys.

    But even with perfect private key management, users can still lose funds by interacting with compromised DeFi platforms. That’s because safeguarding private keys can prevent only direct attacks targeting private key access, such as phishing attempts.

    The people we spoke with also failed to follow best practices for securing their private keys. Using a hardware wallet – a physical device that stores private keys offline – is one of the most secure options for protecting keys from online threats. However, our study found that only a handful of participants actually used hardware wallets.

    Mistake 3: Thinking 2-factor authentication is a silver bullet

    Two-factor authentication, or 2FA, is a standard security mechanism in which two forms of verification are required to access an account. Think being texted a one-time code before you can log into your bank account.

    To prevent account breaches, centralized crypto exchanges such as Binance and Coinbase use two-factor authentication for logins, account recovery and withdrawal confirmations. But while 2FA is crucial to security in the traditional and centralized crypto finance system, it plays a much smaller role in decentralized finance.

    DeFi wallets give users access based on private key ownership rather than identity verification, which means traditional 2FA can’t be used. Instead, only 2FA-like mechanisms are available in DeFi. For instance, multisignature wallets require approval from multiple private key holders. However, if your private key is compromised, attackers can perform wallet operations on your behalf without any additional verification. In addition, even users who adopt 2FA-like measures can’t prevent the security breaches on the DeFi services’ end.

    Unfortunately, our participants were overly confident regarding the effectiveness of 2FA, with one saying, “Two-factor authentication has been one of the best solutions for keeping wallets safe.” In our survey, 57.1% of users relied on 2FA as their only technical countermeasure against rug pulls – scams where project creators suddenly withdraw funds – and 49.3% did so for smart contract exploits. This misplaced trust could lead them to ignore more effective security strategies.

    Mistake 4: Not managing token approvals

    One such effective strategy is revoking token approvals. In DeFi, tokens are digital assets on a blockchain that represent value or rights, and users often need to approve smart contracts to access or spend them. But if you leave these approvals open, a malicious contract – or one that’s been hacked – can drain your wallet. So it’s crucial to routinely check all token approvals you’ve granted to prevent losses caused by fraudulent or hacked DeFi services. Specifically, you should limit spending allowances instead of using the default “unlimited” option, and revoke approvals for apps you no longer use or trust.

    Worryingly, we found that only 10.8% and 16.3% of participants regularly checked and revoked token approvals to protect against rug pulls and smart contract exploits, respectively. In light of this, we recommend that wallet providers introduce a reminder feature to prompt users to review their token approvals periodically.

    Mistake 5: Not learning from past incidents

    Even after they’re hacked or scammed, people often don’t do anything to improve their security practices, we found. Just 17.6% of those who reported being victims of a DeFi scam regularly checked token approvals afterward. Worse, 26% took no action at all after a scam, and 16.4% doubled down by investing even more in other DeFi services.

    Surprisingly, more than half of the victims said their belief in DeFi either stayed the same or grew stronger after the incident. One user who lost $4,700 due to a rug-pull incident said, “My belief in cryptocurrency has grown stronger after that because I made good money from it.” That person added, “An opportunity to make money is something I believe in.” This suggests that DeFi users’ financial motivations can sometimes outweigh their security concerns – and, perhaps, their better judgment.

    There’s no one-size-fits-all solution to DeFi security. But awareness is the first step. To stay safe, crypto investors should use hardware wallets, revoke unused token approvals and continually learn new techniques to protect themselves from evolving threats. Most importantly, they should stay rational and not let the allure of profits cloud their security practices.

    Mingyi Liu does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Decentralized finance is booming − and so are the security risks. My team surveyed nearly 500 crypto investors and uncovered the most common mistakes – https://theconversation.com/decentralized-finance-is-booming-and-so-are-the-security-risks-my-team-surveyed-nearly-500-crypto-investors-and-uncovered-the-most-common-mistakes-251305

    MIL OSI – Global Reports –

  • MIL-OSI Global: How proposed changes to higher education accreditation could impact campus diversity efforts

    Source: The Conversation – USA – By Jimmy Aguilar, PhD Candidate in Urban Education Policy, University of Southern California

    An executive order seeks to remove ‘discriminatory ideology’ in universities. Critics contend it politicizes the accreditation process. Abraham Gonzalez Fernandez via Getty Images

    President Donald Trump on April 23, 2025, signed an executive order that aims to change the higher education accreditation process. It asks accrediting agencies to root out “discriminatory ideology” and roll back diversity, equity and inclusion initiatives on college campuses.

    The Conversation asked Jimmy Aguilar, who studies higher education at the University of Southern California, to explain what accreditation is, why it matters and how the Trump order seeks to change it.

    What is accreditation and how does it work?

    Accreditation is a process that evaluates whether colleges and universities meet standards of academic rigor, institutional integrity and financial stability.

    In the United States, there were 88 accrediting agencies during the 2022-23 school academic year.

    The agencies are formally recognized by the Department of Education and the Council for Higher Education Accreditation.

    Accreditation is not a one-time stamp of approval, but a continuous process.

    At its core, accreditation is a guarantor of quality in higher education.

    The process involves self-assessment and peer review visits.

    Colleges typically undergo a full review every five to 10 years, depending on the accrediting agency.

    Institutions must meet standards for curriculum, faculty, student services and outcomes, and provide documentation.

    Then, federally recognized accrediting agencies review the documentation.

    Teams, often comprised of peer reviewers from other colleges, conduct campus visits and evaluations before granting or reviewing accreditation.

    Why do universities need to be accredited?

    Accreditation assures students, employers and the public that an institution meets basic academic standards.

    It also signals credibility and secures federal financial support.

    Without it, colleges cannot access key funding sources such as Pell Grants and federal student loans.

    The funding is essential for college budgets and students’ access to higher education.

    Accreditation is also required for professional licensure in fields such as teaching, nursing, medicine and law.

    It also helps ensure that students can transfer credits between institutions.

    What does Trump’s executive order do?

    President Donald Trump displays a signed executive order in the Oval Office at the White House on April 23, 2025, in Washington.
    Chip Somodevilla/Getty Images)

    The executive order would reshape the college accreditation system, aligning it with the administration’s political priorities. Those priorities include the rollback of DEI initiatives.

    The order seeks to use federal oversight to weaken institutional DEI policies and priorities. It also promotes new standards aligned with the administration’s interpretation of “merit-based” education.

    The executive order also directs the Department of Education to penalize agencies that require colleges to implement DEI-related standards.

    The Trump administration claims that such standards amount to “unlawful discrimination.”

    Penalties may include increased oversight or loss of federal recognition. This would render the accreditation seal meaningless, according to the executive order.

    The order also proposes a broad overhaul of the accreditation process, including:

    • Promoting “intellectual diversity” in faculty hiring. The executive order argues that promoting a broader range of viewpoints among faculty will enhance academic freedom. Critics often interpret this language as an effort to increase conservative ideological representation.

    • Streamlining the process for institutions to switch accreditors. During Trump’s first term, his administration removed geographic restrictions, giving colleges more flexibility to choose. The new executive order goes further. It makes it easier for schools to leave agencies whose standards they disagree with.

    • Expanding recognition of new accrediting agencies to increase competition.

    • Linking accreditation more directly to student outcomes. This would shift focus to metrics such as graduation rates and earnings, rather than commitments to diversity or equity.

    A 2023 Supreme Court ruling that outlawed affirmative action in university admissions has been a point of contention in the debate over diversity, equity and inclusion in higher education.
    Joe Daniel Price/Getty Images

    The executive order singles out accreditors for law schools, such as the American Bar Association, and for medical schools, such as the Liaison Committee on Medical Education.

    The order accuses them of enforcing DEI standards that conflict with a 2023 Supreme Court ruling that outlawed affirmative action in university admissions.

    However, the ruling was limited to race-conscious admissions. It did not directly address faculty hiring or accreditation standards.

    That raises questions about whether the order’s interpretation extends beyond the scope of the court’s decision.

    The ruling has nonetheless been a point of contention in the debate over diversity, equity and inclusion.

    The American Association of University Professors and the Lawyers’ Committee for Civil Rights Under Law have denounced the executive order.

    The groups argue that it threatens to politicize accreditation and suppress efforts to promote equity and inclusion.

    Nevertheless, the order represents a push by the federal government to influence higher education governance.

    Jimmy Aguilar does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How proposed changes to higher education accreditation could impact campus diversity efforts – https://theconversation.com/how-proposed-changes-to-higher-education-accreditation-could-impact-campus-diversity-efforts-255309

    MIL OSI – Global Reports –

  • MIL-OSI Global: Humans are killing helpful insects in hundreds of ways − simple steps can reduce the harm

    Source: The Conversation – USA – By Christopher Halsch, Ecologist, Binghamton University, State University of New York

    Dragonflies, just like bees and butterflies, face threats that humans can help prevent. Christopher Halsch

    Insects are all around us – an ant on the sidewalk, a bee buzzing by, a butterfly floating on the breeze – and they shape the world we experience. They pollinate flowering plants, decompose waste, control pests, and are critical links in food chains.

    Despite how much humans rely on insects, our actions are reducing their populations in many parts of the world. A recent study found that the United States lost more than 20% of its butterflies over the past two decades. Sadly, this rate of decline is not unusual. Many studies have found that insect populations are declining at 1% to 2% per year.

    To understand why this is happening, Status of Insects, an international research group we are part of, reviewed 175 recent studies on the causes of insect decline. We found hundreds of potential causes that are all highly connected, almost all of which stem directly or indirectly from human activities.

    The drivers of insect decline are connected

    The causes of insect decline are led by a few major sources: intensive agriculture, climate change, pollution, invasive species and habitat loss. Some drivers are bigger threats than others, but all of them play a role in causing insect declines.

    Importantly, many insects experience more than one of these stressors at the same time.

    The Mitchell’s satyr butterfly relies on prairie wetlands, many of which have been drained or altered, and is now critically endangered. Its greatest threats are habitat loss and insecticides from agricultural areas. This one was spotted in Michigan.
    U.S. Fish and Wildlife Service

    Urban risks

    Picture a moth in a city park. It is threatened by habitat loss as the city grows, but its habitat may also be threatened by invasive plants that escape from gardens. At the same time, it is suffering from the effects of pollution – light, air and noise pollution are common in urban areas.

    Light pollution is especially important for moths because they are attracted to artificial lights at night, and so are their predators. Spiders, for example, have learned to hunt in lit areas. When moth species that fly at night spend a lot of time around lights, they can expend a lot of energy, leaving less for other activities, such as pollinating plants.

    In addition to being pollinators, moths also control plant growth by eating leaves during their caterpillar stage. And they provide food for many species of birds and bats, which play their own important roles in ecosystems.

    Risks on farmland and orchards

    Intensive agriculture is one of the most commonly discussed drivers of insect decline. It is also heavily connected to other causes.

    Consider native bees in agricultural areas. As agriculture expands, their native habitat is reduced. Agricultural landscapes also tend to have high levels of chemical pollution – especially insecticides, fungicides, herbicides and fertilizers. Insecticides are designed to disrupt insect physiology and can directly harm bees, while herbicides indirectly disrupt bees by removing plants that provide food.

    Flowers, and the insects that rely on them, can fall victim to chemicals used on farms.
    Dixit Motiwala/Unsplash, CC BY

    Often, U.S. farms also use honeybees, native to Europe, for pollination. These introduced bees are easier to manage but can spread diseases and parasites into native bee populations.

    Native bees may be able to survive one of these threats, but all three together present a much bigger challenge.

    Polluted water can also harm insects

    Humans often focus on insects such as bees and butterflies because they are more visible, but many insects spend much of their life underwater, where they face another set of threats.

    For instance, dragonflies are aquatic when they are juveniles. The threats at this stage of life are no less severe but are entirely different from those facing adults.

    When water levels in streams or ponds decrease, that reduces young dragonflies’ habitat. These insects can also be threatened by water pollution from runoff and increases in water temperature with climate change.

    Successful conservation considers all the risks

    These connections mean humans must be thoughtful about conservation.

    Well-meaning actions such as reducing pollution or controlling invasive species can help, but they will have little effect if there is no habitat for insects to return to. Restoring habitat can have widespread benefits and potentially help insects respond to other threats.

    Many insects play important roles in humans’ lives. Caterpillars, for example, help keep plant growth under control.
    Christopher Halsch

    There are more insect species on Earth than species in any other plant or animal group. They can be found almost everywhere you look.

    Yet public attention is mostly focused on pollinators. That can leave other insects facing unaddressed human threats.

    Preserving and restoring water resources such as wetlands, lakes and streams is vital for aquatic insects like dragonflies. Many other insects spend much of their lives underground. Soil-dwelling insects, such as some beetles and flies, serve important functions, like decomposing dead plant material.

    Successful conservation also considers species throughout their life cycles. For instance, planting pollinator gardens provides nectar for adult hoverflies – an important but often overlooked pollinator. But a garden alone would not necessarily provide food for their larval stage, when many hoverflies decompose plant and animal matter.

    How to help insects

    The simplest way to help insects is by providing high-quality habitats.

    This includes supporting a variety of native plants that can provide both nectar and leaves, which are food for many herbivorous insects throughout their lives.

    A good habitat also provides places for insects to nest, such as bare ground or leaf litter. Bigger patches are better, but even small gardens can be helpful.

    Wildflower gardens can help insects thrive.
    California Native Plant Society/Flickr, CC BY

    At the same time, limiting exposure to other threats is important. Actions such as dimming artificial lights at night and reducing the use of pesticides can help.

    There are many reasons for insect decline, making population recovery an imposing challenge. But there are also many ways – large and small – that people, cities and companies can reduce the harm and help these valuable critters thrive.

    Christopher Halsch has received funding from the USDA NIFA (2022-67011-36563).

    Eliza Grames receives funding from the National Science Foundation (DEB 2225092).

    – ref. Humans are killing helpful insects in hundreds of ways − simple steps can reduce the harm – https://theconversation.com/humans-are-killing-helpful-insects-in-hundreds-of-ways-simple-steps-can-reduce-the-harm-255844

    MIL OSI – Global Reports –

  • MIL-OSI Global: Trump speaking poorly of other presidents is uncommon, but not unheard of, in American presidential history

    Source: The Conversation – USA – By Peter Kastor, Professor of History & American Culture Studies, Washington University in St. Louis

    While most former presidents do not speak out about their successors after they leave the White House, Donald Trump is not the first president to criticize his former political opponents while in office. Trigger Photo/Getty Images Plus

    Former presidents don’t criticize their successors in public.

    Or do they?

    Former Presidents Bill Clinton, Barack Obama and Joe Biden have all criticized President Donald Trump in recent months.

    In April 2025, Obama, for example, spoke about the importance of preserving the international order, meaning the system of rules, norms and institutions that have been active since World War II. He said: “And this is an important moment, because in the last two months, we have seen a U.S. government actively try to destroy that order and discredit it. And the thinking, I gather, is that somehow, since we are the strongest, we’re going to be better off if we can just bully people into doing whatever we want.”

    Biden also offered his own negative comments on April 15: “In fewer than 100 days, this new administration has done so much damage,” he said in his first public remarks since leaving office.

    Some commentators have called these former presidents’ remarks “unprecedented.”

    Many Americans are accustomed to former presidents not speaking about – let alone criticizing – the current president.

    As a scholar of the presidency, I know that most presidents stay quiet about their successors, regardless of what the current president does or says. They do this to avoid undermining both their own reputations as well as the stability of the presidency itself.

    But I am also struck by the fact that this tradition is not as entrenched as former presidents might claim or as many Americans believe.

    President Jimmy Carter and his Republican challenger, Ronald Reagan, shake hands as they meet on a debate stage in 1980.
    Bettmann/Contributor/Getty Images

    Presidents who bucked the norm

    President George Washington established the precedent that presidents retire after two terms and steer clear of public statement. John Quincy Adams, the sixth U.S. president, established a different model.

    After Adams lost his bid for reelection in 1828 to Andrew Jackson, he served in the House of Representatives from 1831 through 1848. Congress is an unusual perch for a former president, but it’s a place where criticizing sitting presidents and their policies is part of the job. Adams had plenty of criticism there for his successors, including Jackson and James K. Polk.

    Nearly half a century later, President Teddy Roosevelt was disappointed that his hand-picked successor, William Howard Taft, failed to live up to Roosevelt’s vision of reform. Roosevelt went from criticizing Taft privately in political circles to campaigning against him publicly in 1912, aiming to win a nonconsecutive second term. Democrat Woodrow Wilson eventually won that election, beating out Taft and Roosevelt.

    Richard Nixon, who, in 1974, became the only president to resign from office, wrote a series of books in the 1980s and 1990s that sought to redeem his own sullied image by casting himself as a visionary statesman. Nixon’s books also included plenty of unsolicited advice – and implicit criticism – for Democratic and Republican presidents alike.

    Before becoming the beloved elder statesman of the former presidents club in 1980, Jimmy Carter earned the ire of his successors for his outspokenness. He said that President Ronald Reagan’s administration was an “aberration on the political scene” and said that one of Clinton’s political pardons was “disgraceful.”

    With the exception of Roosevelt, these former presidents who criticized their successors all felt they had something to prove. Anxious to redeem their legacies, they did not retire quietly.

    A healthy foray into retirement

    So why don’t we all know these stories, and instead believe that past presidents simply keep their mouths shut?

    Americans have long treated presidential retirement as a symbol of a healthy democracy. And that story of retirement emphasizes how former presidents often leave politics behind them.

    The trajectory of presidents finding peace and contentment in retirement, surrounded by friends and family, is an appealing way for presidential biographers to end a story. These stories have included narratives about Harry Truman taking a cross-country road trip only months after leaving the White House in 1953, and George W. Bush taking up painting.

    In reality, former presidents have led complex lives of happiness and loss, withdrawal and engagement. The energy and ambition that brought them to the White House often make retirement difficult. And, over the long history of the presidency, former presidents have become increasingly public figures.

    Former Presidents Bill Clinton, left, George W. Bush and Barack Obama are seen with Hillary Clinton and Laura Bush at the inauguration of Donald Trump on Jan. 20, 2025, in Washington.
    Chip Somodevilla/Getty Images

    A shifting role

    Another important factor in the growing prominence of former presidents is how their roles have recently changed.

    Beginning in the 1990s, former presidents and first ladies tried to publicly show friendship and agreement with their counterparts.

    George H.W. Bush and Clinton, for example, teamed up to raise money for disaster relief after the 2004 Indian Ocean tsunami in South and Southeast Asia. In 2017, Bush’s son George W. Bush, himself a former president by that time, called Clinton his “brother with a different mother.”

    Former first lady Michelle Obama and Barack Obama have publicly thanked George W. Bush and Laura Bush for helping their family adjust to life in the White House. Michelle Obama has also become known for her personal friendship with George W. Bush.

    And as medical advances enabled former presidents to live longer than ever, the relationships within a growing former presidents club became the subject of books, movies and television segments.

    All of these stories had the same message – that all presidents are committed to their country. Likewise, the amiable relationship between former and sitting presidents shows that if party leaders could overcome partisanship in the name of unity and friendship, so too could other Americans.

    In a remarkable moment, for example, three presidents from two different parties – Clinton, George W. Bush and Obama – came together for a video before Biden’s 2021 inauguration to call for unity in a moment of crisis.

    Following the Jan. 6, 2021, Capitol attack, they used their connection as presidents to tell a national story. As Bush said, “Well, I think the fact that the three of us are standing here talking about a peaceful transfer of power speaks to the institutional integrity of our country.”

    “America’s a generous country, people of great hearts. All three of us were lucky to be the president of this country,” Bush continued.

    The Republican former president looked at the Democrats on either side of him and smiled.

    Presidents Barack Obama, George W. Bush and Bill Clinton speak together in 2021.

    A new kind of presidential relations

    While friendships between presidents became more common in the 1990s and 2000s, Clinton and especially Trump were doing something different by the 2016 election.

    In 2016, Clinton became an active partisan in support of his wife, Hillary Clinton, during her unsuccessful bid for president.

    Both Clintons remained public critics of Trump long after he assumed office in 2017.

    For his part, Trump as a politician and then president immediately dismissed the notion of friendship with his predecessors and former competitors. He was quick to condemn Hillary Clinton – and especially Obama – in the early years of his first presidency.

    No sooner did Trump lose the 2020 election than he was heaping public scorn on Biden with an energy that only increased after Trump entered the 2024 race.

    Trump’s criticism of Biden did not stop after his 2024 victory, with the White House issuing statements like a pledge “to turn back the economic plague unleashed by the Biden Administration.”

    Trump has escalated attacks on other presidents. But he was not the first to criticize his successors or predecessors.

    Peter Kastor does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Trump speaking poorly of other presidents is uncommon, but not unheard of, in American presidential history – https://theconversation.com/trump-speaking-poorly-of-other-presidents-is-uncommon-but-not-unheard-of-in-american-presidential-history-255568

    MIL OSI – Global Reports –

  • MIL-OSI Global: FDR united Democrats under the banner of ‘liberalism’ − but today’s Democratic Party has nothing to put on its hat

    Source: The Conversation – USA – By Kevin M. Schultz, Professor of History, University of Illinois Chicago

    President Franklin D. Roosevelt, left, popularized the term ‘liberal’; President Lyndon Johnson may have caused its demise. FDR: AFP/Getty; LBJ: Bettmann/Getty

    If Donald Trump has taught Americans anything, it’s that political parties can shift positions on any number of issues and retain strong support. Republicans had once been aggressive Cold Warriors, standing shoulder to shoulder with allies against Russia, but now they are isolationists. They once favored so-called “free markets,” but now they support tariffs. And they once supported cutting budget deficits, but now they balloon those deficits with tax cuts.

    Same party, different policies.

    This accords with recent scholarship showing that American political parties don’t have much ideological coherence around concepts such as “freedom” or “equality” but instead are more like social groups with strong communal bonds such as common sympathies and common enemies.

    It turns out that political parties are mostly just people rooting for their side, the way you might support a sports team. It doesn’t matter whether your team changes tactics. You still root for them.

    People do switch allegiances, but it often takes a traumatic event to stop seeing fellow partisans as good, reasonable people.

    Republicans right now have strong tribal belonging that begins and ends with a single question: Do you support President Trump? They have a banner to march under: MAGA. And a song: “God Bless the U.S.A.” They live, laugh and love to own the libs. Their signs and symbols are simple and amusing. And they are effective.

    The Democrats have nothing. No leader, no banner to march under, no signs and no symbols.

    They used to.

    In 1960, scholar Charles Frankel dived into the meaning of the politically important word ‘liberal’ in a commentary for The New York Times.
    New York Times archive

    The liberal past

    In the past, Democrats had a word to describe their sensibility: “liberal.” But now: RIP, liberal. No one, it seems, wants to be a liberal anymore.

    In my research on uses and abuses of the word liberal, I discovered that liberalism is a relatively new word in American politics, really starting only in 1932.

    That year, presidential candidate Franklin D. Roosevelt was searching for a way to fend off Republican accusations that his New Deal was “socialism,” a word with radical connotations.

    Liberalism as a word predates FDR’s usage, but he redefined it to signify the government regulation of capitalism and the use of the state to provide citizens with basic economic security.

    When in 1932 FDR accepted the nomination for president, he declared the Democratic Party “the bearer of liberalism,” by which he meant undertaking “planned action” while fighting for “the greatest good to the greatest number of our citizens.”

    FDR pitted his liberalism against his opponents, whom he labeled “conservatives.” The U.S. has had the liberal-conservative divide ever since.

    FDR’s successor, Democrat Harry Truman, recognized the power of the term, extravagantly claiming, “The liberal faith is the political faith of the great majority of Americans.”

    President John F. Kennedy gloried in the word, too, defining a liberal as “someone who welcomes new ideas without rigid reactions, someone who cares about the welfare of the people.”

    In 1960, philosopher Charles Frankel argued that liberalism as defined by FDR was a banner under which every Democrat marched, concluding that “anyone who today identifies himself as an unmitigated opponent of liberalism … cannot aspire to influence on the national political scene.”

    Shifting meanings

    Not for long.

    For one thing, in the 1950s the word shifted meaning to better accord with the times, as it had done several times in the past. During the post-World War II economic expansion, “a large part of the New Deal public,” historian Richard Hofstadter wrote in 1954, “have become home-owners, suburbanites and solid citizens.”

    Liberals therefore shifted liberalism. No longer were liberals solely about providing jobs and Social Security. They also demanded increased access to higher education, medical care and civil rights, and the elevation of popular culture.

    In 1956, future presidential adviser Arthur Schlesinger Jr. called this shift one from “quantitative” to “qualitative liberalism.”

    President Lyndon Johnson put this into effect in the mid-1960s. Johnson developed anti-poverty programs such as Head Start, but he also created cultural programs such as PBS, expanded civil rights and passed Medicare and Medicaid.

    “We are a great and liberal and progressive democracy,” Johnson declared in 1966.

    But Johnson’s qualitative liberalism came with costs. The programs expanded the federal bureaucracy, which by the late 1960s became noted for being ineffective and overly regulatory.

    Civil rights laws were perceived as threatening to the white working class. And Johnson’s liberalism became wedded to the war in Vietnam, where by 1969 more than 500,000 Americans were fighting to protect liberalism from the supposedly creeping arms of communism.

    Soon, the knives were out for liberals.

    3 lines of attack

    First, right-wing thinkers had already begun to portray liberals as little more than quasi-communists pushing for civil rights beyond most Americans’ desires.

    In 1955, conservative impresario William F. Buckley Jr. founded the magazine National Review to create “a responsible dissent from the Liberal orthodoxy.” He titled his 1959 book “Up from Liberalism” and spent 217 of the book’s 229 pages attacking liberals.

    Then leftist thinkers took their shot, imagining liberals as little more than beards for capitalism and foreign policy hawks.

    Left-wing novelist Norman Mailer summed up this sentiment in 1962, writing, “I don’t care if people call me a radical, a rebel, a red, a revolutionary, an outsider, an outlaw, a Bolshevik, an anarchist, a nihilist or even a left conservative, but please don’t ever call me a liberal.”

    Left-wing author Norman Mailer said in 1962 that people could call him a Bolshevik, an anarchist, a nihilist, ‘but please don’t ever call me a liberal.’
    Fred Stein Archive/Archive Photos/Getty Images

    Civil rights advocates took their turn, seeing liberals as halfway friends, unwilling to fully embrace equality. Historian Lerone Bennett Jr. wished liberals “a fond farewell” in 1964. In that same year, writer James Baldwin called white liberals an “affliction.”

    With attacks coming from multiple sides, by the 1970s Democrats ran from the label. And without defenders, enemies redefined liberals, first as out-of-touch elitists, then as allies of corporations ignoring the demands of working people, and eventually, today, as woke snowflakes.

    In 2009, political scientists examining a hundred years of polling data found that, starting in the mid-1960s, decreasing numbers of Americans referred to themselves as liberal. And because partisanship is a social dynamic, when the club began to shrink, the researchers wrote, it turned into “a spiral in which ‘liberal’ not only is unpopular, but becomes ever more so.”

    The researchers also found that most Americans still supported “‘liberal’ public policies” such as “redistribution, intervention in the economy, and aggressive governmental action to solve social problems.” Americans, apparently, just hated the label.

    “Owning the libs” has been the glue keeping together the Republican Party ever since.

    From ‘abundance’ to ‘Waymo’

    Democrats are now searching for a new label. What can replace liberalism?

    New York Times columnist Ezra Klein and Derek Thompson, who writes for The Atlantic, have proposed “abundance liberalism.” Other New York Times writers have also been busy envisioning this future. Reporter and editor David Leonhardt suggested “democratic capitalism.” Columnist Thomas Friedman improbably went with “Waymo Democrat,” referring to self-driving Waymo cars as a placeholder for an embrace of technological innovation.

    More realistically, political analyst E.J. Dionne and historian James Kloppenberg are writing a history of “social democracy” as a potential rallying cry for Democrats, pointing to its use by the most popular politician in America, Bernie Sanders.

    Whatever emerges, it’s helpful to remember that before 1932, hardly anyone in the U.S. used the word “liberal” to describe any kind of politics. Now, without finding a new emblem to rally behind, Democrats may be doing little more than battling that other neologism: MAGA.

    Kevin M. Schultz does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. FDR united Democrats under the banner of ‘liberalism’ − but today’s Democratic Party has nothing to put on its hat – https://theconversation.com/fdr-united-democrats-under-the-banner-of-liberalism-but-todays-democratic-party-has-nothing-to-put-on-its-hat-255362

    MIL OSI – Global Reports –

  • MIL-OSI Video: 80 Years After the End of World War 2: We have built a Union of peace

    Source: European Commission (video statements)

    8 May 1945 marks the end of World War 2, when millions of families across Europe were celebrating. Eighty years later, we reflect on the lessons we can learn from this pivotal moment in history.

    ▬▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬

    00:00 Celebrating 80 years since the end of WWII
    00:16 The End of a Nightmare
    00:30 A Turning Point for Europe
    00:47 Another Decisive Moment
    01:01 The future will be one of Peace and European Integration

    For half of Europe, the moment marked the beginning of reconstruction and reconciliation, but for the other half, liberation from Nazism did not bring freedom; it was followed by occupation and oppression. Today, as the war in Ukraine continues, we must remember the importance of peace and European integration. As we work towards bringing Ukraine into the European Union, let us honour the sacrifices made by those who fought for freedom and strive for a peaceful and united future. This anniversary serves as a reminder of our responsibility to create a better and more peaceful world for all. Join us in honouring the past and shaping a brighter future for both Ukraine and Europe.

    Watch on the Audiovisual Portal of the European Commission: https://audiovisual.ec.europa.eu/en/video/I-271850
    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=LSGu52u-MsY

    MIL OSI Video –

  • MIL-OSI Europe: Alþingi approves Framework for Íslandsbanki Public Offering

    Source: Government of Iceland

    Alþingi has today approved amendments to Act No. 80/2024 on the Disposal of the State’s Remaining Shares in Íslandsbanki hf. A fully marketed offering is planned for the first half of the year, with Icelandic individuals receiving priority access. The legal framework enacted last year ensures that due consideration is given to objectivity, efficiency, equality, and transparency in the offering process.

    The amendments to the law include the addition of a third order book, Order Book C. The Order Book provides regulated professional investors who invest on their own account and have assets exceeding 70 billion ISK, a more traditional allocation process and is expected to increase the volume of shares sold. The change follows expert advice of bookrunners with the aim of ensuring the participation of all investor groups and enhance interest from large investors, without infringing on the priority access of individuals.

    Individuals will continue to be guaranteed priority and the lowest price in Order Book A. Order Book B will maintain the Dutch auction method, in which both individuals and legal entities can participate. With these three order books, the participation of all investor groups is ensured, increasing the likelihood that the state will receive a favorable price for its share.

    Daði Már Kristófersson, Minister of Finance and Economic Affairs:

    “The updated structure of the offering is better suited to fulfilling the legal requirements of efficiency, equality, objectivity, and transparency in its execution. It is important that the Treasury receives as much as possible for its share in order to reduce the government’s debt ratio without affecting the priority of individuals, that will continue to be ensured.”

    MIL OSI Europe News –

  • MIL-OSI Europe: Remarks by President António Costa following his visit to the Leonardo manufacturing site

    Source: Council of the European Union

    On 8 May, European Council President António Costa visited the facility of Leonardo in Campi Bisenzio, Italy. Addressing the press, he praised the work of the company in the context of the European security and highlighted the link between investing in European defence and investing in EU’s competitiveness and innovation.

    MIL OSI Europe News –

  • MIL-OSI China: China’s inbound consumption rises on back of eased tax refund processes

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

    China witnessed a vibrant surge in inbound tourist consumption during the recent May Day holiday as more foreign visitors flocked to Chinese attractions and left with full shopping bags, driven by the country’s recently optimized tax refund policies.

    Central bank data has revealed that the number of transactions made by inbound visitors and processed through card payment giant China UnionPay or NetsUnion Clearing Corporation, a Chinese online payment clearing house, increased nearly 245 percent over the five-day holiday that ended on Monday, with the total transaction value up over 128 percent year on year.

    On mobile platforms, popular Chinese payment app Alipay reported a 180 percent rise in inbound tourist spending between May 1 and 3, while WeChat Pay recorded nearly tripled foreign user transaction volume and value figures in China compared to the same period last year.

    This rise in inbound consumption is the fruit of China’s latest push to encourage foreign tourist spending. In late April, the country introduced a package of measures to optimize its departure tax refund policy, including lowering the minimum purchase threshold for refunds, raising the cash refund ceiling, expanding the network of participating stores, and widening the range of products available.

    Overseas travelers in China can now claim a tax refund if they spend at least 200 yuan (about 27.75 U.S. dollars) at a single store in a single day and meet other relevant requirements, with refunds available in multiple forms, including mobile, bank and cash payments. The upper limit for cash refunds has been raised to 20,000 yuan.

    China’s metropolises led the shopping surge. From May 1 to 5, Beijing welcomed some 104,000 inbound tourists — up 42.4 percent year on year — whose spending saw a 48 percent year-on-year increase.

    In Shanghai, tax-refund-on-departure sales jumped 120 percent in value during the holiday, and the amount of tax refunded increased 130 percent. So far, 1,013 enterprises have registered for departure tax refund services, covering more than 3,300 branded stores.

    China’s streamlined tax refund process has also had an impact on figures. Right before this year’s May Day holiday, taxation authorities in Shanghai introduced self-service machines that allow foreign shoppers to submit most of their transaction details for their tax refund applications by scanning their passport and receipts.

    In the southwestern city of Chengdu, a refund-upon-purchase service which allows eligible tourists to receive tax refunds instantly at retail outlets rather than waiting until they leave the country, has benefited many foreign tourists during the holiday.

    “It’s so convenient, and I’m planning to buy more,” said a tourist from Singapore who received a refund of over 4,000 yuan when he bought two pieces of luggage at Chengdu IFS, one of the biggest shopping malls in the city.

    “Providing overseas travelers with a greater variety of shopping options and more convenient tax refund services will stimulate inbound consumption and support China’s high-standard opening-up and economic growth,” said Chen Binkai, vice president of the Central University of Finance and Economics.

    China introduced its departure tax refund policy for overseas travelers in 2015. Inbound tourist spending has increased over the years as China opens wider to global visitors by facilitating visas, payments and accommodation.

    The country now grants unilateral visa-free entry to people from 38 countries, and has extended its visa-free transit period to 240 hours for travelers from 54 countries. About 380,000 foreigners entered China under these arrangements during the May Day holiday, a year-on-year increase of 72.7 percent.

    China is also accelerating its development of international consumption center cities to stimulate inbound spending further. The country is working to transform five cities — Shanghai, Beijing, Guangzhou, Tianjin and Chongqing — into major shopping centers.

    In 2024, the number of inbound foreign travelers to the five cities doubled compared to the previous year. Together, they now account for nearly 70 percent of the country’s departure tax refund stores and more than half of imported consumer goods.

    “China’s inbound consumption holds great growth potential,” said Vice Commerce Minister Sheng Qiuping, noting that last year, spending by overseas visitors contributed about 0.5 percent of the country’s GDP, compared to 1 to 3 percent in major economies. 

    MIL OSI China News –

  • MIL-OSI China: Record-breaking Canton Fair highlights China’s trade resilience

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

    Defying global trade headwinds, the just-concluded 137th China Import and Export Fair set multiple records, demonstrating great vitality in foreign trade and injecting fresh momentum into global trade development.

    Also known as the Canton Fair, the event, which concluded on Monday in south China’s Guangdong Province, attracted over 288,000 overseas buyers, a 17.3 percent increase from the session of the same period last year and a new high, according to the China Foreign Trade Centre (CFTC), the organizer of the fair.

    Another record high was set by the number of leading multinational purchasing enterprises participating in the fair — reaching 376.

    “The fair’s phenomenal turnout demonstrates international buyers’ strong endorsement of high-quality ‘Made in China’ products and underscores China’s pivotal role in global supply chains,” said Mao Yanhua, director of the Institute of Regional Openness and Cooperation at Sun Yat-sen University.

    WIDESPREAD OPTIMISM

    “I’m continually impressed by China’s technology and unmatched manufacturing excellence. This inspires our great optimism about the economic prospects of China,” said Osama Alrefaei, China general manager of Alrefaei trading company from Saudi Arabia, who attended the session.

    At the 136th Canton Fair last year, Alrefaei inked a collaboration agreement with a Chinese baby products supplier. They are currently finalizing the terms of cooperation to jointly create a new baby product brand, which will be sold in Saudi Arabia.

    Among the record-breaking participation of over 288,000 overseas buyers at the 137th Canton Fair, there were over 170,000 first-time attendees, up 14.6 percent year on year.

    “This is our first time participating in the fair, and our focus is on processing machinery and equipment,” said a purchasing manager with DF import and export company from Vietnam. “With China’s ‘technology toolbox,’ more and more Southeast Asian countries are accelerating their transformation from assembly workshops to manufacturing hubs.”

    Despite the current complex international situation, overseas buyers demonstrated strong confidence in China and Chinese products, with many emphasizing their visit was more than just symbolic — the 137th Canton Fair has recorded 25.44 billion U.S. dollars in on-site intended export deals.

    According to the organizer, the international buyers come from 219 countries and regions. Purchasers from countries participating in Belt and Road cooperation totaled 187,450, up 17.4 percent year on year and representing 64.9 percent of all overseas buyers.

    “The fair holds an irreplaceable position in our business ecosystem,” said Davut Taser, general manager of Hometraz Trading Company from Türkiye, which has been participating in the Canton Fair for 25 years.

    Taser noted that many of the company’s core components come from China, calling such complementary cooperation “a vivid reflection of global industrial chains.”

    PRODUCT UPGRADE

    According to Chinese exhibitors at the 137th Canton Fair, products with exceptional quality, innovative features, and strong brand recognition have gained particular favor among international buyers, further boosting their confidence in pursuing diversified market expansion.

    After ordering 100 mobile smart panels manufactured by Shenzhen KTC Commercial Display Technology Co., Ltd. at the fair, a thrilled international purchaser even wanted to take away the company’s exhibition samples as well.

    “The market has voted — our innovative products are worth the price,” said Liu Feng, general manager of the commercial sales department of the Guangdong-based company. “We have completed our technology reserves and will deploy them when market conditions mature, aiming to attract more clients from emerging markets such as Central Asia, the Middle East, and South America.”

    As buyers arrive with higher expectations, Chinese companies are responding with more diverse and higher-quality products and services. Zhang Sihong, deputy director of the CFTC, noted that this edition of the Canton Fair has seen a surge in new technologies, innovative designs, advanced materials, and cutting-edge manufacturing processes.

    A total of 4.55 million exhibits were showcased, including 1.02 million new products, 880,000 green and low-carbon products, and 320,000 smart products.

    Deevesh Khatri, business development manager of Emerald Appliances from Dubai, has been visiting the Canton Fair with his father for over a decade, and now 99 percent of the firm’s suppliers are sourced from the event.

    “It’s like a one-stop supermarket and an industry think tank,” he said. “Here, we spot trends, expand our network, and even reinvent our business models.”

    Established in 1957, the Canton Fair is held twice a year in Guangzhou, capital of Guangdong. It is the longest-running of several international trade events in China and has been hailed as the barometer of China’s foreign trade.

    According to the General Administration of Customs, China’s total goods imports and exports in yuan-denominated terms expanded 1.3 percent year on year in the first quarter of 2025. 

    MIL OSI China News –

  • MIL-OSI Africa: Afreximbank extends EUR15-million factoring line of credit to Banque Postale du Congo

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

    CAIRO, Egypt, May 8, 2025/APO Group/ —

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed a EUR 15 million Factoring line of credit agreement with Banque Postale du Congo (BPC) in Cairo. The facility will provide liquidity to BPC for factoring supplier invoices accepted by eligible buyers, as well as  for engaging in cross-border factoring.

    Speaking at the signing ceremony, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank, explained that the dual-tranche factoring facility would support small and medium-sized enterprises (SMEs) in the Republic of Congo and enable BPC to expand its cross-border factoring activities.  

    She noted that the facility would significantly boost SME financing in Congo, where BPC is currently the only institution offering factoring. It is expected that the facility will be revolved severally over the next year, resulting in cumulative financing of up to EUR 60 million for SMEs.

    Mrs. Awani highlighted that the transaction is part of a broader strategic partnership between Afreximbank and BPC aimed at promoting factoring in the Republic of Congo and across the Central Africa region. The partnership is also designed to improve access to finance for SMEs, which are vital contributors to job creation and economic growth as well as strengthen capacity building and legal and regulatory framework

    “Factoring has been identified as a key instrument to facilitate the implementation of Afreximbank’s current strategy, Impact 2026 – Extending Frontiers, by providing financing to SMEs that may not meet the criteria for traditional bank lending,” said Mrs. Awani. “This facility will support SMEs and improve their competitiveness by enabling them to trade on open account terms, thereby expanding trade frontiers.”

    Mr. Calixte Tabangoli, Chief Executive Officer of BPC, who signed on behalf of his organisation commented: “We are honoured to once again partner with Afreximbank through this expanded facility. Over the past two years, the Bank’s support has enabled us to provide vital working capital to more than 100 SMEs in Congo. This new EUR 15 million facility will further strengthen our ability to promote financial inclusion and economic development. We deeply appreciate the unwavering commitment of Mrs. Kanayo Awani and her team, whose leadership continues to demonstrate that factoring is a powerful instrument for SME growth across Africa.”

    The facility builds on a strong and evolving partnership between Afreximbank and BPC, which began in 2018 with an initial EUR 5million facility. That support was subsequently increased to EUR 10million in 2022. Since then, BPC’s factoring volumes have grown from EUR 1.5 million in 2018 to EUR 30.5 million in 2024.

    In addition to financing, the partnership has included key capacity-building and policy initiatives. Notably, Afreximbank supported the Republic of Congo’s adoption of a Model of Law on Factoring in 2021. The Bank has also provided technical assistance, including a week-long secondment of three BPC staff members to Afreximbank in June 2024, and has collaborated with BPC in promoting awareness and developing the factoring ecosystem across the region.

    MIL OSI Africa –

  • MIL-OSI Africa: Al Etihad Gold Joins Mining in Motion 2025 as Bronze Sponsor

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

    ACCRA, Ghana, May 8, 2025/APO Group/ —

    Al Etihad Gold, one of the UAE’s largest and fastest-growing gold and silver refineries, will participate as a Bronze Sponsor at the upcoming Mining in Motion Summit, taking place on June 2–4, 2025 in Accra, Ghana. Held under the theme Sustainable Mining & Local Growth – Leveraging Resources for Global Impact, the summit will connect global stakeholders like Al Etihad Gold with new investment and collaboration opportunities in Ghana’s dynamic mining sector.

    Al Etihad Gold’s participation comes at a pivotal time, as Ghana enforces new regulations effective May 1, 2025 that prohibit foreigners from directly trading or purchasing gold from artisanal and small-scale miners. Under the new framework, the Ghana Gold Board will assume sole authority to purchase, assay, and export gold from small-scale producers – creating a restructured pathway for international partners.

    As Ghana’s leading gold export destination, the UAE plays a central role in the country’s gold ecosystem. Al Etihad Gold’s involvement at Mining in Motion underscores its long-term commitment to Ghana’s value-added gold industry and positions the company as a key stakeholder in the sector’s transformation. The summit provides a strategic platform for the refinery to engage with public and private stakeholders on regulatory compliance, downstream opportunities, and responsible sourcing under the evolving policy environment.

    Backed by the Ashanti Green Initiative – led by Prince Oheneba Kwaku Duah of the Ashanti Kingdom – and held in collaboration with the World Bank and World Gold Council, the summit will feature high-level panels and curated networking sessions. Al Etihad Gold will participate in these discussions, reinforcing its support for sustainable development and local beneficiation in Ghana’s mining industry.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MiningInMotionSummit.com. For sponsorship opportunities or delegate participation, contact sales@ashantigreeninitiative.org.

    MIL OSI Africa –

  • MIL-OSI Global: Could psychedelics help you to drink less alcohol? Our new study aims to find out

    Source: The Conversation – UK – By Rebecca Harding, PhD Candidate, Clinical Psychopharmacology Unit, UCL

    Master1305/Shutterstock

    Psychedelics like LSD and psilocybin (the active ingredient in magic mushrooms) are gaining increasing attention in psychiatry. Studies suggest they may offer therapeutic benefits for conditions such as depression, anxiety, obsessive–compulsive disorder, eating disorders and addiction.

    Our research team is investigating whether N,N-dimethyltryptamine (DMT), a fast-acting psychedelic, can help people reduce alcohol consumption.

    Alcohol is the most commonly misused substance in the UK, partly because it is legal, widely available and deeply ingrained in social culture. While many people can enjoy alcohol in moderation, a significant number struggle to control their drinking. For these people, excessive alcohol consumption can lead to serious physical, mental and social consequences.

    Traditional treatments don’t work for everyone, which is why we’re exploring alternatives, such as psychedelics, that might enable people to change their behaviour in a single, transformative experience.

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

    DMT is metabolised rapidly in the body. When administered intravenously, the effects kick in almost immediately, typically within one to two minutes. However, these effects are short-lived, lasting only ten to 20 minutes.

    Despite its brief duration, many users describe the experience as intensely profound. They often report vivid visions, complex patterns and a sensation of entering a different reality. In some cases, the experience leads to a complete shift in how they think, feel and perceive the world. For many, the experience is deeply meaningful and transformative.

    But what happens in the brain during this time, and how might it influence long-term behaviour, such as reducing alcohol consumption?



    Read more:
    Psychedelic drugs can be almost as life altering as near-death experiences

    Neuroplasticity and addiction

    Our team is particularly interested in how psychedelics like DMT might help in the context of addiction. One theory is that psychedelics can temporarily enhance neuroplasticity, the brain’s ability to form new neural connections. This temporary boost could open a window of flexibility, allowing some people to be more open to change.

    For someone stuck in the cycle of heavy drinking, this enhanced plasticity might help them break old habits and develop healthier behaviour. Essentially, it could offer the brain an opportunity to “rewire” itself and disrupt the unhealthy patterns that underlie addiction.

    We’re also focusing on the brain’s reward and motivation systems, which play a key role in addiction. These systems influence behaviour associated with pleasure, including eating, sex and drinking alcohol.

    In people with alcohol use disorder, these systems become hypersensitive to alcohol-related cues, often at the expense of other rewarding experiences. Some early research suggests psychedelics may help “reset” these reward pathways. We’re testing this theory to see whether DMT can reduce alcohol consumption by recalibrating the brain’s reward system.

    To explore these possibilities, we’ve designed a study with heavy drinkers who are motivated to reduce their alcohol intake. Every participant undergoes a thorough screening to ensure they’re fit for the study and all sessions are conducted in a highly controlled, clinical setting with medical professionals and experienced researchers overseeing the process.

    The study involves three visits to our lab at UCL. On the first and third visits, we use functional magnetic resonance imaging (fMRI) to measure brain activity and observe how different regions of the brain interact.

    During the scans, participants watch emotionally engaging films, which offer a more natural way to study brain responses compared to abstract tasks. This helps us assess how DMT might impact brain function in real-life, emotionally charged situations.

    On the second visit, participants are randomly assigned to receive either DMT, a placebo, or a non-psychedelic drug (D-cycloserine or Lisuride). These non-psychedelic substances are believed to promote neuroplasticity without inducing the full psychedelic effects of DMT.

    The study is double-blind – neither the participants nor the researchers know which substance is being administered. This helps eliminate bias and ensures that the results are as reliable as possible.

    Additionally, we measure changes in brain activity during the drug infusion using electroencephalography (EEG). EEG tracks the brain’s electrical signals and could help us predict which participants are most likely to benefit from DMT.

    Participants also complete a range of psychological assessments, including questionnaires and tasks that measure memory, attention, mood and decision-making. This data will help us understand how changes in brain function might relate to changes in drinking behaviour.

    What we’re hoping to discover

    We’re still in the process of collecting data, but we’re excited to see whether DMT can lead to meaningful reductions in alcohol consumption. As researchers, it’s crucial that we stay objective and allow the evidence to guide our conclusions. By keeping the study “blinded” until all results are in, we ensure that our findings are unbiased and reliable.

    If DMT proves effective in helping people reduce their alcohol consumption, particularly for those who have struggled with other treatments, it could pave the way for a new approach to addiction therapy. Even if the results are inconclusive, they will still provide valuable insights into the potential role of psychedelics in addiction treatment and open up new avenues for future research.

    It’s important to emphasise that this research is taking place in a safe, controlled environment. Psychedelics are potent substances, and their effects can be unpredictable, especially outside of clinical settings. They are not a “magic bullet” and are not suitable for everyone. The controlled setting allows us to study their effects while minimising risk to participants.

    That said, we believe psychedelics offer a unique opportunity to better understand the brain and its capacity for change. By examining how transformative experiences can influence behaviour, we hope to contribute to the development of more effective treatments for addiction and other mental health conditions.

    Ravi Das receives research funding from the Biotechnology and Biological Sciences Research Council (UK), Academy of Medical Sciences (UK) and Wellcome Leap (USA).

    Rebecca Harding 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. Could psychedelics help you to drink less alcohol? Our new study aims to find out – https://theconversation.com/could-psychedelics-help-you-to-drink-less-alcohol-our-new-study-aims-to-find-out-255454

    MIL OSI – Global Reports –

  • MIL-OSI Global: Russia looks to frame war as an inevitable part of life on Victory Day

    Source: The Conversation – UK – By Jennifer Mathers, Senior Lecturer in International Politics, Aberystwyth University

    Russia celebrates the 80th anniversary of the Soviet victory in the second world war on May 9. But while the cameras will focus on the assembled ranks of elderly war survivors watching the military parade in Red Square, Moscow, the focus of senior officials is on Russia’s children and young people.

    Patriotism in Vladimir Putin’s Russia is built on exaggerated respect for key moments in the country’s history. These moments have been chosen to create a specific story about Russia. This is a story about Russia’s military might, the ability of its citizens to endure almost unimaginable suffering for the motherland, and the inevitability of victory over its enemies.

    Victory Day gives the Kremlin a chance to retell that story. It also allows the state to assure Russians that they, like their ancestors, will be victorious in the so-called “special military operation” in Ukraine. Moscow describes this war as the modern-day equivalent of the fight against Nazi Germany.

    With fewer witnesses to that historic victory still alive, the Kremlin’s ability to manipulate society by drawing on this important memory depends on the willingness of the next generation to embrace the state’s official history. And Russian political figures are worried that young people nowadays are disconnected from their heritage.

    A poll conducted in December 2022 by the Russian Public Opinion Research Centre found that 76% of Russians aged 14 to 24 believe they have a good understanding of the history of their country. But the results of an alternative poll from June 2023 show that 70% of Russia’s young people do not know enough about their nation’s history.

    Vladimir Medinsky, the chairman of the Interdepartmental Commission of Historical Education of Russia, reflected on the issue at a forum on how to interest young people in Russian history in 2023. He said: “What needs to be done to make our children interested in history? To make interesting historical performances, to make historical films.”

    Russia’s leaders seek to address this perceived disconnect through military patriotic education. This is a system of surrounding children and young people with state-approved messages about Russia’s historic military victories and the role of its armed forces in making their country respected – and feared – around the world.

    These messages are conveyed through textbooks and in lessons at school. But one of the challenges for the Russian state is finding ways of making this material attractive enough for young people to want to engage with it.

    Putin himself has indicated that he understands this challenge. At a meeting with the Russian non-profit society Znaniye (Knowledge) on April 30, the Russian president argued that “it is crucial to have both an opportunity and skills to communicate the truth about past years and decades: sincerely, compellingly and – if I may say so – in a way that truly resonates”.

    Patriotic youth groups are an important vehicle for delivering military patriotic education in fun and exciting ways. These groups organise activities including games and competitions, as well as more immersive activities such as role-playing and re-enactments. These activities are designed to create a deeper engagement with the events of the past.

    One group, Victory Volunteers, emphasises collecting personal accounts from war veterans to add to the historical record. It also actively brings young people and war veterans together so that the heroes of future wars can be inspired by real-life stories of wartime heroism.

    Listening to these first-hand testimonials is intended to enable young people to deepen their understanding of the experience of war, including its hardships and tragedies.

    Yunarmiya (Young Army) is probably Russia’s best-known military patriotic youth group. It works with young people to develop their appreciation of history. But its focus on dressing its members in uniforms and training them in practical military skills has captured the attention of the world’s media.

    These skills include military-style activities such as marching in formation, learning how to assemble and disassemble weapons, and how to fire them.

    The Russian state also supports military patriotic education through the presidential grants fund. Hundreds of charities, youth groups and local societies apply to the fund twice a year, with the winners reportedly chosen by Putin himself.

    Many of the successful applications involve activities to raise young people’s awareness of historical memory, especially the memory of war.

    In 2022, for example, the historical reconstruction club Volnitsa received funding to organise a memorial march “in the footsteps of the winners” to mark the 80th anniversary of the liberation of the Bogucharsky region of Russia (near the border with Ukraine) from Nazi occupation.

    The successful application emphasised the emotional intensity of the reenactment and its educational effects on young participants.

    Events like the 80th anniversary of Victory Day have a significance for the Kremlin that goes beyond the speeches, parades and pageantry of the day itself. They are part of an effort by the Russian state to shape the expectations and behaviour of the next generation of its citizens.

    By encouraging young people to feel a personal connection to Russia’s history of war, Moscow hopes to ensure that society will regard war as an inevitable part of life. The scale of this effort suggests that Putin and other senior officials anticipate the need for a society willing to make sacrifices so that Russia can achieve victories in future wars.

    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. Russia looks to frame war as an inevitable part of life on Victory Day – https://theconversation.com/russia-looks-to-frame-war-as-an-inevitable-part-of-life-on-victory-day-255751

    MIL OSI – Global Reports –

  • MIL-OSI Global: Black students are increasingly less likely to get a first or 2:1 than their white peers

    Source: The Conversation – UK – By David Mba, Vice-Chancellor, Birmingham City University

    Andrii Zastrozhnov/Shutterstock

    Black students are increasingly less likely to get a first or 2:1 than their white peers, according the latest Ethnic Representation Index for higher education in England and Scotland.

    This need for better representation for students was the impetus behind the development of the index, first launched in 2022. I began it while deputy vice-chancellor at the University of Arts London, with the intention of creating a consistent methodology and agreed metrics to measure the progress of universities in England and Scotland in addressing institutional racism, as well as to examine the sense of belonging and inclusion among Black, Asian and minority ethnic (BAME) staff and students.

    The index exposes the so-called “awarding gap” – that’s the difference between the proportion of white and BAME students awarded a first class or 2:1 degree. For Black and other ethnic minority students in England, it now stands at 14.1%, up from 12.3% the previous year. Indeed, 76% of universities in England and a similar proportion of universities in Scotland have a gap of more than 10%.

    For Black students in particular, the gap is even greater. It now stands at 21.6%, up from 19.3% in England. In Scotland, 81% of universities have a Black awarding gap of over 25%.

    Despite this, though, the index does show some encouraging signs. This is its third and latest iteration, which I co-authored with Chris Lloyd-Bardsley, Adam Weigel and Sandra Longville at the University of Arts London, covers the 2022-2023 academic year.

    According to data from the National Student Survey, the gap in reported satisfaction rates between white and students from ethnic minority backgrounds has narrowed over the last few years. Black students reported a better university experience than their white peers.

    Staff representation

    Staff, by and large, are becoming more representative of the student body. For instance, 20.2% of academics and 33.3% of undergraduates in England are from ethnic minority backgrounds.

    This is by no means parity, but it is progress when we consider that, in the last index, 18.5% of academics were from ethnic minority backgrounds. Representation among professional services staff, professors, senior managers and governors increased, too.

    Progress has also been made in Scotland. Black and ethnic minority students comprise 11.6% of the undergraduate student body there, 16% of postgraduate researchers – and 15.4% of academics. Representation among executive board members also increased.

    Interestingly, irrespective of the near parity in minority ethnic student and academic populations in Scotland, the awarding gaps are still high. This could in part be due to the concentration of staff and students from minority ethnic groups in different departments, schools and subject areas. So, while the overall representation looks equal, minority ethnic staff populations may be concentrated in only a few areas.

    Nonetheless, addressing the awarding gap isn’t entirely about representation.

    Some universities are signed up to the Race Equality Charter: an award provided to institutions addressing problems faced by ethnic minority staff and students. Universities can apply for a bronze or silver award depending on progress.

    At the time of developing this year’s index, 52 universities had achieved an award. I am pleased to note that 77% of these increased the proportion of Black and ethnic minority academic staff relative to students and 65% increased their proportion of Black academics.

    Yet while universities have made progress in some areas, it has stalled in others. In some cases, it has even retreated. The ethnicity pay gap measures the average gap across all university staff, including academic staff and professional services staff. The ethnicity pay gap increased this year by 0.4 percentage points to 6%. At some universities, gaps as high as 27.4% were reported.

    In Scotland, the figures are better, but a pay gap of 1.9% nevertheless persists.

    Mixed success

    And while representation may have increased among academics and professorial staff, the same cannot be said for the highest echelons of management. In England, Black and ethnic minority representation among executive teams fell from 7.7% to 7%. Black representation in England also fell, to only 0.7%.

    In Scotland, ethnic minority representation among executives increased, but Black representation fell. There are no reported Black executive board members in Scotland.

    For students in England, the disparity in continuation rates (the proportion of students who continue their studies into a second year) is 1.3 percentage points between Black and ethnic minority and white students. The disparity in completion rates (the proportion of students who can be tracked through to the end of their qualification) is 2.7 percentage points.

    For Black students in particular the gap is even greater. There is a continuation rate gap of 2.5 percentage points and a completion rate gap of 4.5 percentage points between Black and white students. Some universities in England reported completion rate disparities for Black students of over 15%.

    Moreover, Black and ethnic minority graduates in England are 2.5 percentage points less likely to be in employment or further study 15 months after graduating than their white peers, though this does mark a slight improvement of 0.4 percentage points from last year.

    Students from an ethnic minority background have previously been shown to worry that the absence of lecturers from a similar background could have an effect on their achievement, as well as their sense of belonging at university, their engagement with their course. For these students, having a teacher that looks like them can have a transformational impact.

    We may be tempted to believe the path toward equality in higher education is straight and narrow. Make the commitment, put in place the strategy, the rest will follow. This is evidently not the case. We should gain some comfort that universities are making progress in some areas. However, it is disappointing that higher education institutions have fallen back elsewhere.

    David Mba 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. Black students are increasingly less likely to get a first or 2:1 than their white peers – https://theconversation.com/black-students-are-increasingly-less-likely-to-get-a-first-or-2-1-than-their-white-peers-255546

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Marat Khusnullin: Road workers have improved the area around 20 monuments in historical regions

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    In the reunited regions, for the anniversary of the Victory, road workers are tidying up the areas near memorial sites along the roads that are under repair. For example, the state company Avtodor alone has improved about 20 such spaces, Deputy Prime Minister Marat Khusnullin reported.

    “From the very beginning of the Great Patriotic War, the capture of Donbass was one of the goals of Nazi Germany. Despite the fierce resistance of the Red Army, the Nazi occupation of the cities and villages of the mining region began in October 1941, and lasted until the end of September 1943. In memory of these and other events, many memorials have been created in the territory of all four new regions. Road workers are also involved in their improvement. In the DPR, the area around six monuments has been tidied up, in the LPR – around nine. In the Zaporizhia region, work was carried out along the Tokmak-Chernigovka highway,” the Deputy Prime Minister said.

    In Mariupol, the villages of Vasilyevka and Razdolnoye, as well as other settlements of the DPR, sidewalks were paved. In Chervona Polyana of the LPR, the territory was cleared, concrete surfaces were repaired and painted, damaged reinforced concrete slabs were replaced near the monument to Soviet soldiers near the village of Verkhnyaya Pokrovka, and parking areas were arranged.

    “For us, this is not just landscaping work. The roads that we repair in the reunited regions are a connecting thread that preserves an important part of the historical memory of our country. We remember, are proud and cherish the feat of those who built the roads leading to Victory. Now it is our turn to build a peaceful future for the country. For residents of the regions and those wishing to honor the memory of the soldiers, we have arranged sidewalks and parking pockets, and also carried out landscaping of the territory near the memorials,” added Vyacheslav Petushenko, Chairman of the Board of the State Company Avtodor.

    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: Occupancy Analytics Leader Lambent Adds Two Higher Ed Veterans to its Board of Advisors

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 08, 2025 (GLOBE NEWSWIRE) — Occupancy analytics software company Lambent today announced the addition of two new members to its Board of Advisors. Robert Wynkoop, Vice President of Operations and Finance at Covenant College, and Maria O’Callaghan-Cassidy, former Senior Associate Vice President, Campus Operations at the University of Richmond, join Lambent’s advisory board to help build on the company’s success working with higher education institutions and corporations. Both bring an invaluable perspective on how occupancy analytics can help optimize organizations’ approaches to real estate investment and space management while also providing employees, students and visitors with the best possible experiences in those spaces.

    “Rob and Maria both bring a great mix of operational and finance experience across higher education, government and corporate real estate,” said Julie Roberts, Lambent’s Co-Founder and Chief Strategy Officer. “Rob also has first-hand experience and success with the Lambent Spaces platform. That combination provides a really valuable perspective as we look to expand the value and footprint of our solutions across corporate and higher ed campuses.”

    In his role as Vice President of Operations and Finance at Covenant College, Wynkoop oversees finance and accounting, business operations, facilities and maintenance, human resources, and technology services. Before joining Covenant in 2024, he spent 11 years at Purdue University, where his team managed space administration, real estate and development, logistics and procurement services on campus and at the Purdue University Airport, the Purdue Memorial Union, and Purdue Conferences. While at Purdue, Wynkoop oversaw the implementation of the Lambent Spaces occupancy analytics platform that currently helps manage over one million square feet on its West Lafayette campus. That implementation has assisted Purdue in avoiding approximately $30 million in operating expenses through better space utilization. Earlier in his career, Wynkoop served at the Indiana Department of Administration (IDOA) under Governor Mitch Daniels, holding the position of commissioner from 2010 to 2013.

    O’Callaghan-Cassidy brings extensive experience in higher education facilities management and campus operations. Most recently as Senior Associate Vice President of Campus Operations at the University of Richmond, she led a team of 400+ professionals across dining services, campus business services, facilities operations, architecture and campus operations budget and finance. Previously, she spent 25 years at The Wharton School where she rose through the ranks from Manager of Scheduling and Facilities Services to Senior Director of Operations to Executive Director of Design & Construction and Facilities Planning and Operations.

    About Lambent
    Lambent is an occupancy analytics software company helping corporate and higher ed campuses optimize space utilization, facilities operations and real estate investments. Its SaaS platform, Lambent Spaces, leverages existing data sources such as Wi-Fi and sensors to provide anonymous and predictive analytics to inform decisions related to utilization, workplace experiences, planning, scheduling, and maintenance. The software delivers actionable intelligence so facilities professionals and space planners can make better use of the spaces they have. For more information, visit https://lambentspaces.com/.

    The MIL Network –

  • MIL-OSI: Beeline’s New Affiliate Network to Target 200,000 Realtors and Creators, Accelerate Real Estate Investor Lending

    Source: GlobeNewswire (MIL-OSI)

    Providence, RI, May 08, 2025 (GLOBE NEWSWIRE) — Beeline, (NASDAQ: BLNE) a next-generation digital mortgage lender focused on transforming real estate investment financing, today announced the launch of its Realtor and Content Creator Partner Program. The initiative is designed to accelerate origination growth in Debt Service Coverage Ratio (DSCR) mortgages—one of the fastest-growing segments in investor lending.

    The program empowers affiliates—including licensed real estate professionals and digital creators—with a custom referral platform to drive DSCR mortgage applications. Each affiliate receives a unique referral link, enabling their network to quote and apply directly through Beeline’s platform.

    DSCR loans are underwritten based on rental income from the property rather than the borrower’s personal income, making them especially attractive to real estate investors and short-term rental operators. Over one-third of Beeline’s current volume consists of DSCR mortgages, supported by proprietary tech and expert Loan Guides who think and act like investors themselves.

    “This program gives forward-thinking realtors and creators a way to plug into our engine—and generate income—by connecting their audiences to a platform that actually performs,” said Nick Liuzza, CEO of Beeline. “We’re not repackaging an old process. We’ve reimagined mortgage lending for today’s investors, and this initiative is a natural extension of our growth strategy.”

    Beeline’s Net Promoter Score (NPS) currently exceeds 80—more than 4x the industry average—underscoring customer trust and satisfaction. Reviews consistently cite Beeline’s speed, transparency, and DSCR expertise as competitive differentiators.

    With this program, Beeline is strategically merging the credibility of licensed real estate agents with the distribution power of modern content creators to unlock scalable, cost-effective growth in a high-margin loan category.

    About Beeline
     Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans—whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions.

    Contact:
    ir@makeabeeline.com

    The MIL Network –

  • MIL-OSI: Pacvue Appoints Ross McNab as Chief Revenue Officer to Accelerate Global Growth

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 08, 2025 (GLOBE NEWSWIRE) — Pacvue, the leading commerce acceleration platform that integrates retail media, commerce management and measurement, today announced the hiring of Ross McNab to Chief Revenue Officer, where he will continue to drive the company’s overall growth strategy and expansion. Most recently, McNab was Chief Revenue Officer at Vistar Media, and has held executive roles at Cardlytics and MediaMath.

    “Our vision of connecting and powering the global retail media ecosystem is bold—and achieving it requires exceptional talent that can help us scale with speed and impact,” said Rahul Choraria, CEO of Pacvue. “Ross has a proven track record of scaling revenue and leading high-performing teams around the world. His expertise will be instrumental in our next phase of growth.”

    Under McNab’s leadership, Vistar Media’s US and international revenue grew 50%, ultimately leading to a $650M acquisition by T-Mobile. Through his work at Cardlytics and MediaMath, McNab has driven profitable growth by evolving businesses from transactional sales to long-term partnerships. Cardlytics revenue almost doubled during his tenure, despite turbulent market conditions, by creating proven value for both Marketer and Financial Institution partners. At MediaMath, he focused the US commercial model on SaaS, winning industry-leading clients like AT&T and P&G against category giants.

    “Pacvue has played a significant role in driving innovation in commerce and retail media forward,” said McNab. “Their ability to stay ahead of market shifts and deliver tangible results for clients is unmatched. I’m thrilled to combine my experiences with the talented team at Pacvue to keep pushing boundaries. Our focus will remain on putting clients first while scaling smart, high-impact commercial strategies that drive outsized results.”

    In addition to the hiring of McNab, Pacuve is promoting Sunava Dutta to Chief Product Officer. Previously the Senior Vice President of Product for Pacvue’s Enterprise Division, Dutta was instrumental in bringing new AI-powered tools to market. Pacvue also promoted Zoe Lu to Executive Vice President and General Manager of Helium 10. She previously served as Senior Vice President and General Manager, where she led the product and commercial teams.

    “At Pacvue, we invest in game-changers, and Sunava and Zoe are prime examples,” said Melissa Burdick, Co-founder and President. “They’ve been instrumental in our growth, and we’re excited to see them take on new challenges and lead Pacvue to even greater heights.”

    Visit Pacvue.com to learn about its latest commerce solutions and recent company developments.

    About Pacvue:
    Pacvue is the leading commerce acceleration platform that integrates retail media, commerce management and measurement. The company’s first-to-market platform drives incrementality, profitability and market share for brands, while turning insights into actionable recommendations. Backed by a global team of experts, Pacvue works with over 70,000 brands and agencies across 95+ retailers worldwide including Amazon, Walmart, Target and Instacart. With the incorporation of Pacvue’s enterprise solution with Helium 10 for SMBs, Pacvue is now the most comprehensive commerce and retail media platform available in the market. Founded in 2018, their global presence includes locations in Seattle, New York, Los Angeles, Washington DC, London, Shanghai and Tokyo. For more information, visit www.pacvue.com.

    Media Contact:
    Scott Samson
    SamsonPR
    scott@samsonpr.com
    415.781.9005

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5682e899-95bb-49f0-8a71-b6a848e2b30a.

    The MIL Network –

  • MIL-OSI: Allied Energy Corporation Advances Gas Supply Infrastructure to Support Bitcoin Mining Partner at Thiel Site

    Source: GlobeNewswire (MIL-OSI)

    • AGYP advances gas-to-power site for sustainable Bitcoin mining operations
    • Trapped gas converted to energy for off-grid AI & data infrastructure
    • Thiel site prepares final testing and computing equipment delivery
    • Natural gas solutions support decentralized computing and edge centers

    CARROLLTON, Texas, May 08, 2025 (GLOBE NEWSWIRE) — Allied Energy Corporation (OTC: AGYP) (”AGYP”), a Texas-based energy company focused on revitalizing underutilized domestic oil and gas resources, is pleased to provide a project update from the Thiel site where AGYP and its partner, Louis Energy Inc., are building out the infrastructure to deliver natural gas to support off-grid computing applications for Louis Energy Inc.

    Key Infrastructure Achievements: Turning Trapped Gas into a Strategic Asset

    AGYP and Louis Energy Inc. have been actively preparing the Thiel site to safely and efficiently channel natural gas to mobile containers for high-density computing. Completed milestones include:

    • Delivery of second modular computing container
    • Installation of on-site mobile office
    • Electrical installation preparation between Generator 2 and Container 2
    • Perimeter security fencing underway
    • Gas supply systems under validation
    • Generator test scheduled (pending P-5 approval)
    • On-site technicians conducting diagnostics and testing

    Planned Operational Advancements: Preparing for Final Integration

    AGYP is entering the final phase of its infrastructure buildout at Thiel, including:

    • Final cable installations and system optimization
    • Delivery of 10 pallets of computing equipment scheduled for next week
    • Wi-Fi connectivity via Starlink
    • Generator testing and operational clearance
    • Surveillance system installation
    • Gas system gauges and fittings to be pressure tested

    Once regulatory approvals are received, the site will begin formal gas-to-power operations.

    The Bigger Picture: Trapped Gas – An Untapped National Resource

    Stranded and flared gas—once considered a waste byproduct—is rapidly gaining traction as a sustainable, low-cost power source for decentralized infrastructure. AGYP’s work at the Thiel site is part of a broader push to transform U.S. energy usage:

    Use Cases for Trapped Gas Beyond Data Mining:

    • AI & Machine Learning Compute Farms – Powering high-density GPU systems
    • Agritech – Supporting controlled-environment agriculture in remote areas
    • Hydrogen Production – Fueling clean hydrogen from hydrocarbon sources
    • Remote & Emergency Operations – Delivering mobile energy to military and disaster response sites
    • Rural Electrification – Bringing energy to underserved communities through microgrids
    • Data & Edge Centers – Supporting low-latency applications with local infrastructure

    National Opportunity:

    • Over 1.4 billion cubic feet/day of gas is flared or vented in the U.S.
      (Source: U.S. Energy Information Administration, 2024)
    • Enough trapped gas exists to power over 10,000 MW of digital infrastructure
      (Source: Digital Wildcatters & Giga Energy)

    States like Texas, North Dakota, New Mexico, and Wyoming are seeing regulatory and ESG-driven momentum to utilize this untapped energy source.

    “We’re positioning AGYP at the center of a new energy economy—where natural gas isn’t wasted but redirected toward powering real-world innovation,” said George Montieth, CEO of AGYP.

    What’s Next for AGYP?

    With Thiel nearing full operational status, AGYP is actively exploring additional partnerships and deployment models to expand its gas-to-power strategy to other high-potential sites. In addition, further updates regarding the company’s carbon capture, gas monetization, and off-grid computing ventures will be provided in the coming months, as previously outlined in AGYP’s February 27, 2025 update.

    AGYP remains committed to turning America’s trapped gas into a strategic energy advantage.

    About AGYP:

    Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”

    Safe Harbor Statement:

    This press release may contain certain forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Contact:

    Allied Energy Corporation
    Phone: 972-632-2393
    Email: info@alliedengycorp.com
    X: https://x.com/AlliedEnergyCo1

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/805afac9-47b6-422a-a74e-41ed9df311b3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bf09204b-baac-49fe-974f-47b7e199e3a5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/11283726-53b0-48cf-9160-09bcd53a59ec

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2a26cbf3-3990-4f81-8304-8e79d831567a

    The MIL Network –

  • MIL-OSI: Micropolis Unveils Advanced Border Control Robots at Airport Show 2025 in Dubai

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 08, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Co. (“Micropolis” or the “Company”) (NYSE: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today unveiled new specialized border control versions of its M1 and M2 robotic mobility platforms at the Airport Show 2025, the region’s leading annual event dedicated to the airports industry, being held on May 6-8 in Dubai. These cutting-edge autonomous vehicles were presented to the UAE National Guard as part of a new pilot initiative aimed at enhancing national border protection capabilities.

    Micropolis is working closely with the UAE National Guard, the official entity overseeing border control across the Emirates, to evaluate the deployment of robotic patrol systems designed to operate in high-security zones, including airports and land checkpoints. These robots are equipped with advanced surveillance sensors, AI-driven behavior analysis, and autonomous navigation systems, enabling them to detect, deter, and report potential threats with minimal human intervention.

    “This marks a pivotal milestone in our defense and homeland security initiatives,” said Fareed Aljawhari, CEO of Micropolis Holding Co. “By integrating robotics into border control operations, we are reshaping the future of national security with intelligent, scalable, and fully autonomous technology.”

    Robotic Platform Highlights:

    • M01 – Designed for open road operations with speeds ranging between 40-47 km/h, making it ideal for faster-paced environments and longer-distance travel.
    • M02 – Crafted for more enclosed settings with a speed range of 10 to 15 km/h, making it ideal for safe, low-speed operations in pedestrian-rich areas.

    The launch comes at a time when governments and security agencies worldwide are increasingly turning to AI-powered systems to improve operational efficiency and reduce dependency on manual surveillance. The Airport Show 2025, a globally recognized event for aviation and security technologies, served as the ideal platform for introducing this innovation to key defense and aviation stakeholders.

    Micropolis continues to expand its global footprint in the security, defense, and smart mobility sectors. The Company remains committed to pioneering autonomous technologies that address some of the world’s most pressing security challenges.

    About Micropolis Holding Co.
    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Micropolis’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b68b867-8839-45a1-8a1f-273572319218

    The MIL Network –

  • MIL-OSI: Oma Savings Bank Plc – Managers’ transactions – Ossa

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 8 MAY 2025 AT 16.00 P.M. EET, MANAGERS’ TRANSACTIONS

    Oma Savings Bank Plc – Managers’ transactions – Ossa
    ____________________________________________

    Person subject to the notification requirement
    Name: Ossa, Jaakko
    Position: Member of the Board/Deputy member
    Issuer: Oma Savings Bank Plc
    LEI: 743700LE1ECAPXC5UT18

    Notification type: INITIAL NOTIFICATION
    Reference number: 107552/5/4
    ____________________________________________

    Transaction date: 2025-05-08
    Venue: XHEL
    Instrument type: SHARE
    ISIN: FI4000306733
    Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

    Transaction details
    (1): Volume: 2525 Unit price: 0.00 EUR

    Aggregated transactions
    (1): Volume: 2525 Volume weighted average price: 0.00 EUR

    Oma Savings Bank Plc

    Additional information:
    Karri Alameri, CEO, tel. +358 45 656 5250, karri.alameri@omasp.fi

    DISTRIBUTION: 
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    The MIL Network –

  • MIL-OSI: Oma Savings Bank Plc – Managers’ transactions – Pettersson

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 8 MAY 2025 AT 16.05 P.M. EET, MANAGERS’ TRANSACTIONS

    Oma Savings Bank Plc – Managers’ transactions – Pettersson
    ____________________________________________

    Person subject to the notification requirement
    Name: Pettersson, Carl
    Position: Member of the Board/Deputy member
    Issuer: Oma Savings Bank Plc
    LEI: 743700LE1ECAPXC5UT18

    Notification type: INITIAL NOTIFICATION
    Reference number: 107561/4/4
    ____________________________________________

    Transaction date: 2025-05-08
    Venue: XHEL
    Instrument type: SHARE
    ISIN: FI4000306733
    Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

    Transaction details
    (1): Volume: 1782 Unit price: 0.00 EUR

    Aggregated transactions
    (1): Volume: 1782 Volume weighted average price: 0.00 EUR


    Oma Savings Bank Plc

    Additional information:
    Karri Alameri, CEO, tel. +358 45 656 5250, karri.alameri@omasp.fi

    DISTRIBUTION: 
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp on vakavarainen ja kannattava suomalainen pankki. OmaSp palvelee ympäri Suomen 48 konttorissa ja digitaalisten palvelukanavien kautta yli 200 000 henkilö- ja yritysasiakasta noin 500 asiantuntijan voimin. OmaSp keskittyy pääasiassa vähittäispankkitoimintaan ja tarjoaa asiakkailleen monipuolisia pankkipalveluja sekä oman taseensa kautta, että välittäen yhteistyökumppaneidensa tuotteita. Välitetyt tuotteet käsittävät luotto-, sijoitus- ja lainaturvatuotteita. OmaSp harjoittaa myös kiinnitysluottopankkitoimintaa.

    OmaSp:n keskeisenä tavoitteena on palvella asiakkaita henkilökohtaisesti ja olla lähellä ja läsnä, sekä digitaalisissa että perinteisissä kanavissa. OmaSp pyrkii ensiluokkaiseen asiakaskokemukseen henkilökohtaisen palvelun ja helpon saavutettavuuden kautta. Myös toiminnan ja palvelujen kehittäminen tapahtuu asiakaslähtöisesti. OmaSp:n henkilöstö on sitoutunutta, ja sen urakehitystä pyritään tukemaan monipuolisten tehtävien ja jatkuvan kehittymisen avulla. Merkittävä osa henkilöstöstä omistaa myös OmaSp:n osakkeita.

    The MIL Network –

  • MIL-OSI: Correction: Stabilization Notice – PRE Stab – Accorinvest Group SA x 3 Tranches

    Source: GlobeNewswire (MIL-OSI)

    [8/05/2025]

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    [Accorinvest Group SA]

    Pre-stabilisation Period Announcement

    BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

    The securities:1  
    Issuer: Accorinvest Group SA
    Guarantor (if any): N/A
    Aggregate nominal amount: TBC
    Description: EUR 5YR FIXED
    EUR 7YR FIXED
    EUR 7yr FRN
    Offer price: TBC
    Other offer terms:  
    Stabilisation:  
    Stabilisation Manager(s) BNP Paribas, Credit Agricole, Natixis, Commerzbank, MUFG, Bank of America, CIC, ICBC, Natwest, Goodbody
    Stabilisation period expected to start on: 8/05/2025
    Stabilisation period expected to end no later than: 21/6/2025
    Existence, maximum size and conditions of use of over‑allotment facility: The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
    Stabilisation trading venue: [Over the counter (OTC)] [insert venue name] [To be confirmed]

    In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

    In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus  Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

    This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. 

    The MIL Network –