Category: Business

MIL-OSI: Willis Lease Finance Corporation Announces Quarterly Dividend

Source: GlobeNewswire (MIL-OSI)

COCONUT CREEK, Fla., May 02, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) declared a quarterly dividend of $0.25 per share on outstanding shares of WLFC common stock. The dividend is expected to be paid on May 22, 2025 to stockholders of record at the close of business on May 12, 2025.

Willis Lease Finance Corporation

WLFC leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. By their nature, forward-looking statements involve a number of inherent risks, uncertainties and assumptions and are subject to change in circumstances that are difficult to predict and many of which are outside of our control. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed, either expressly or implicitly, in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and natural disasters; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

CONTACT: Scott B. Flaherty

Executive Vice President & Chief Financial Officer

sflaherty@willislease.com

561.413.0112

The MIL Network –

May 2, 2025
MIL-OSI: Bitget Wallet Partners With Paydify to Expand Global Crypto Acceptance

Source: GlobeNewswire (MIL-OSI)

SAN SALVADOR, El Salvador, May 02, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has announced its integration with Paydify, a universal crypto payment gateway, becoming Paydify’s first wallet integration partner. The integration enables merchants to accept stablecoin payments from Bitget Wallet users, streamlining crypto payment infrastructure and expanding the practical use of digital assets in everyday settings.

Through the integration, Bitget Wallet users can pay with USDT and USDC at select physical and online merchants via Paydify’s infrastructure. Merchants receive instant settlement in stablecoins without needing to manage blockchain-specific setups. Thousands of transactions have been completed in the pilot phase. The service is set to expand globally across industries such as retail, travel, hospitality, gaming, and e-commerce. Broader token support and compatibility with additional wallets are also on the roadmap, with the goal of enabling payments in any token on any chain.

This partnership forms part of Bitget Wallet’s broader PayFi strategy, which focuses on expanding crypto from holding and trading to active usage in real-world scenarios. “Our goal is to make crypto more usable for everyday needs, and Paydify helps reduce the complexity merchants face. By integrating an open payment layer, we’re moving closer to this goal.” said Alvin Kan, COO of Bitget Wallet. “Bitget Wallet is among the first major wallets to implement a stablecoin payment use case at the point of sale. We aim to support over 10,000 merchants globally in the next few years.”

Paydify was developed to address long-standing fragmentation in crypto payments, where chain and wallet compatibility often hinder merchant adoption. It allows businesses to accept crypto from any wallet without the need for custom integration. According to the latest Onchain Report, 31% of global users cite limited merchant acceptance as a key barrier to using crypto for payments. Paydify aims to bridge this gap by offering instant settlement and minimizing onboarding complexity.

“Our integration with Bitget Wallet provides the opportunity to test and refine a merchant-focused payment experience in real conditions,” said Pakning Luk, Director of Strategy at Paydify. “We believe crypto should work as easily as any mainstream payment method. Our aim is to offer a seamless and reliable framework for digital asset payments that meets the needs of both users and businesses.“

To support merchant onboarding, businesses that sign up through Bitget Wallet will receive waived settlement fees and early access to upcoming features during the pilot period. Interested merchants can learn more or apply to join at: https://www.paydify.com/en/sign_up

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

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

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

About Paydify
Paydify is a universal gateway enabling crypto payments across all wallets and blockchain networks. Built for both online and offline merchants, Paydify provides instant settlement and universal connectivity — making crypto payments practical for global commerce. Paydify operates with a mission to unify the fragmented blockchain ecosystem and make digital payments accessible to businesses everywhere.

For more info, visit paydify.com and follow us on LinkedIn and X

For media and partnership inquiries, please contact: partnerships@paydify.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/32a3ce3a-3076-46cd-a46b-86a5b7160d11

The MIL Network –

May 2, 2025

MIL-OSI: Brookfield Business Partners Reports First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

BROOKFIELD, News, May 02, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) announced today financial results for the quarter ended March 31, 2025.

“We had an active start to the year, generating over $1.5 billion from our capital recycling initiatives, progressing the acquisition of two market-leading industrial operations and investing approximately $140 million to repurchase our units and shares,” said Anuj Ranjan, CEO of Brookfield Business Partners. “During periods of uncertainty and volatility, our consistent strategy of owning market leading businesses and executing on our operational improvement plans is more important than ever. With the enhanced strength of our balance sheet, we are well positioned to support our capital allocation priorities and continue compounding long-term value for our investors.”

	Three Months Ended March 31,
US$ millions (except per unit amounts), unaudited		2025		2024
Net income (loss) attributable to Unitholders¹	$	80	$	48
Net income (loss) per limited partnership unit²	$	*0.38*	$	0.23

Adjusted EBITDA³	$	591	$	544

Net income attributable to Unitholders for the three months ended March 31, 2025 was $80 million ($0.38 per limited partnership unit) compared to net income of $48 million ($0.23 per limited partnership unit) in the prior period.

Adjusted EBITDA for the three months ended March 31, 2025 was $591 million compared to $544 million in the prior period. Current period results included contribution from the recent acquisition of our electric heat tracing systems manufacturer in January 2025. Prior period results included $37 million of contribution from disposed operations including our offshore oil services’ shuttle tanker operation which was sold in January 2025.

Operational Update

The following table presents Adjusted EBITDA by segment:

	Three Months Ended March 31,
US$ millions, unaudited		2025			2024
Industrials	$	304		$	228
Business Services		213			205
Infrastructure Services		104			143
Corporate and Other		(30	)		(32	)
Adjusted EBITDA	$	591		$	544

Our Industrials segment generated Adjusted EBITDA of $304 million for the three months ended March 31, 2025, compared to $228 million during the same period in 2024. Current period results included $72 million of tax benefits at our advanced energy storage operation and contribution from our electric heat tracing manufacturer which was acquired in January 2025.

Our Business Services segment generated Adjusted EBITDA of $213 million for the three months ended March 31, 2025, compared to $205 million during the same period in 2024. Strong performance at our residential mortgage insurer and increased contribution from our construction operation was partially offset by the impact of higher costs associated with technology upgrades at dealer software and technology services. Prior period results included contribution from our road fuels operation which was sold in July 2024.

Our Infrastructure Services segment generated Adjusted EBITDA of $104 million for the three months ended March 31, 2025, compared to $143 million during the same period in 2024. Prior period results included contribution from our offshore oil services’ shuttle tanker operation which was sold in January 2025.

The following table presents Adjusted EFO⁴ by segment:

	Three Months Ended March 31,
US$ millions, unaudited		2025			2024
Adjusted EFO
Industrials	$	130		$	180
Business Services		117			168
Infrastructure Services		166			72
Corporate and Other		(68	)		(89	)

Adjusted EFO in the current period included a $114 million of net gain related to the disposition of the shuttle tanker operation at our offshore oil services. Industrials Adjusted EFO included the impact of withholding taxes on a distribution received from our advanced energy storage operation during the quarter. Adjusted EFO in the prior period included $62 million of net gains primarily related to the sale of public securities and $50 million of other income related to a distribution at our entertainment operation.

Strategic Initiatives

Specialty Equipment Manufacturer
In February, we agreed to acquire Antylia Scientific, a leading manufacturer and distributor of critical consumables and testing equipment serving life sciences and environmental labs for approximately $1.3 billion. Brookfield Business Partners expects to invest approximately $160 million for an approximate 25% economic interest. The transaction is expected to close in the second quarter, subject to customary closing conditions and regulatory approvals.

Unit Repurchase Program
During the quarter and subsequent to quarter end, we invested approximately $140 million to repurchase 5.9 million⁵ units and shares of Brookfield Business Partners at an average price of approximately $24 per unit and share. The repurchases were completed under our normal course issuer bid (NCIB) which we plan to renew once it expires in August this year.

Liquidity

We ended the quarter with approximately $2.4 billion of liquidity at the corporate level including $59 million of cash and liquid securities, $25 million of remaining preferred equity commitment from Brookfield Corporation and approximately $2.3 billion of availability on our corporate credit facilities. Pro forma for announced and recently closed transactions, corporate liquidity is $2.3 billion.

Distribution

The Board of Directors has declared a quarterly distribution in the amount of $0.0625 per unit, payable on June 30, 2025 to unitholders of record as at the close of business on May 30, 2025.

Additional Information

The Board has reviewed and approved this news release, including the summarized unaudited interim consolidated financial statements contained herein.

Brookfield Business Partners’ Letter to Unitholders and the Supplemental Information are available on our website https://bbu.brookfield.com under Reports & Filings.

Notes:

Attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shareholders.
Net income (loss) per limited partnership unit calculated as net income (loss) attributable to limited partners divided by the average number of limited partnership units outstanding for the three months ended March 31, 2025 which was 80.0 million (March 31, 2024: 74.3 million).
Adjusted EBITDA is a non-IFRS measure of operating performance presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of interest income (expense), net, income taxes, depreciation and amortization expense, gains (losses) on acquisitions/dispositions, net, transaction costs, restructuring charges, revaluation gains or losses, impairment expenses or reversals, other income or expenses, and preferred equity distributions. The partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its unaudited interim condensed consolidated statements of operating results. The partnership believes that Adjusted EBITDA provides a comprehensive understanding of the ability of its businesses to generate recurring earnings which allows users to better understand and evaluate the underlying financial performance of the partnership’s operations and excludes items that the partnership believes do not directly relate to revenue earning activities and are not normal, recurring items necessary for business operations. Please refer to the reconciliation of net income (loss) to Adjusted EBITDA included in this news release.
Adjusted EFO is the partnership’s segment measure of profit or loss and is presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of depreciation and amortization expense, deferred income taxes, transaction costs, restructuring charges, unrealized revaluation gains or losses, impairment expenses or reversals and other income or expense items that are not directly related to revenue generating activities. The partnership’s economic ownership interest in consolidated subsidiaries excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its unaudited interim condensed consolidated statements of operating results. In order to provide additional insight regarding the partnership’s operating performance over the lifecycle of an investment, Adjusted EFO includes the impact of preferred equity distributions and realized disposition gains or losses recorded in net income, other comprehensive income, or directly in equity, such as ownership changes. Adjusted EFO does not include legal and other provisions that may occur from time to time in the partnership’s operations and that are one-time or non-recurring and not directly tied to the partnership’s operations, such as those for litigation or contingencies. Adjusted EFO includes expected credit losses and bad debt allowances recorded in the normal course of the partnership’s operations. Adjusted EFO allows the partnership to evaluate its segments on the basis of return on invested capital generated by its operations and allows the partnership to evaluate the performance of its segments on a levered basis.
Inclusive of all limited partnership units and BBUC exchangeable shares repurchased under our NCIB during the three months ended March 31, 2025 and up to market close on May 1, 2025, based on settlement date.

Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

Please note that Brookfield Business Partners’ previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR, and are available at https://bbu.brookfield.com under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

For more information, please contact:

Media: Marie Fuller Tel: +44 207 408 8375 Email: marie.fuller@brookfield.com	Investors: Alan Fleming Tel: +1 (416) 645-2736 Email: alan.fleming@brookfield.com

Conference Call and Quarterly Earnings Webcast Details

Investors, analysts and other interested parties can access Brookfield Business Partners’ first quarter 2025 results as well as the Letter to Unitholders and Supplemental Information on our website https://bbu.brookfield.com under Reports & Filings.

The results call can be accessed via webcast on May 2, 2025 at 10:00 a.m. Eastern Time at BBU2025Q1Webcast or participants can preregister at BBU2025Q1ConferenceCall. Upon registering, participants will be emailed a dial-in number and unique PIN. A replay of the webcast will be available at https://bbu.brookfield.com.

Brookfield Business Partners L.P.
Consolidated Statements of Financial Position

As at

US$ millions, unaudited

March 31, 2025

December 31, 2024

Assets

Cash and cash equivalents

3,442

3,239

Financial assets

11,642

12,371

Accounts and other receivable, net

6,948

6,279

Inventory and other assets

5,063

5,728

Property, plant and equipment

12,529

13,232

Deferred income tax assets

1,767

1,744

Intangible assets

19,157

18,317

Equity accounted investments

2,307

2,325

Goodwill

13,032

12,239

Total Assets

75,887

75,474

Liabilities and Equity

Liabilities

Corporate borrowings

1,017

2,142

Accounts payable and other

15,085

16,691

Non-recourse borrowings in subsidiaries of the partnership

42,316

36,720

Deferred income tax liabilities

2,614

2,613

Equity

Limited partners

2,158

1,752

Non-controlling interests attributable to:

Redemption-exchange units

1,246

1,644

Special limited partner

—

BBUC exchangeable shares

1,732

1,721

Preferred securities

740

740

Interest of others in operating subsidiaries

8,979

11,451

14,855

17,308

Total Liabilities and Equity

75,887

75,474


Brookfield Business Partners L.P. Consolidated Statements of Operating Results

	Three Months Ended March 31,
US$ millions, unaudited		2025			2024

Revenues	$	6,749		$	12,015
Direct operating costs		(5,402	)		(10,878	)
General and administrative expenses		(311	)		(317	)
Interest income (expense), net		(770	)		(796	)
Equity accounted income (loss)		(8	)		23
Impairment reversal (expense), net		—			10
Gain (loss) on acquisitions/dispositions, net		214			15
Other income (expense), net		(83	)		116
Income (loss) before income tax		389			188
Income tax (expense) recovery
Current		(197	)		(90	)
Deferred		64			105
Net income (loss)	$	256		$	203
Attributable to:
Limited partners	$	30		$	17
Non-controlling interests attributable to:
Redemption-exchange units		23			15
Special limited partner		—			—
BBUC exchangeable shares		27			16
Preferred securities		13			13
Interest of others in operating subsidiaries		163			142


Brookfield Business Partners L.P. Reconciliation of Non-IFRS Measure

	Three Months Ended March 31, 2025
US$ millions, unaudited	Business Services			Infrastructure Services			Industrials			Corporate and Other			Total

Net income (loss)	$	—		$	156		$	145		$	(45	)	$	256

Add or subtract the following:
Depreciation and amortization expense		222			165			343			—			730
Gain (loss) on acquisitions/dispositions, net		—			(214	)		—			—			(214	)
Other income (expense), net¹		68			(79	)		93			1			83
Income tax (expense) recovery		18			25			101			(11	)		133
Equity accounted income (loss)		(3	)		26			(15	)		—			8
Interest income (expense), net		230			149			366			25			770
Equity accounted Adjusted EBITDA²		24			33			15			—			72
Amounts attributable to non-controlling interests³		(346	)		(157	)		(744	)		—			(1,247	)
Adjusted EBITDA	$	213		$	104		$	304		$	(30	)	$	591

Notes:

Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $125 million of gains recorded at our offshore oil services due to vessel upgrades and unrealized gains recorded on reclassification of property, plant and equipment to finance leases, $78 million of business separation expenses, stand-up costs and restructuring charges, $50 million of net revaluation losses, $35 million of transaction costs and $45 million of other expenses.
Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.


Brookfield Business Partners L.P. Reconciliation of Non-IFRS Measure

	Three Months Ended March 31, 2024
US$ millions, unaudited	Business Services			Infrastructure Services			Industrials			Corporate and Other			Total

Net income (loss)	$	240		$	(65	)	$	98		$	(70	)	$	203

Add back or deduct the following:
Depreciation and amortization expense		254			212			342			—			808
Impairment reversal (expense), net		(4	)		(12	)		6			—			(10	)
Gain (loss) on acquisitions/dispositions, net		(15	)		—			—			—			(15	)
Other income (expense), net¹		(140	)		(18	)		32			10			(116	)
Income tax expense (recovery)		24			(3	)		(27	)		(9	)		(15	)
Equity accounted income (loss)		(1	)		(4	)		(18	)		—			(23	)
Interest income (expense), net		252			180			327			37			796
Equity accounted Adjusted EBITDA²		17			39			16			—			72
Amounts attributable to non-controlling interests³		(422	)		(186	)		(548	)		—			(1,156	)
Adjusted EBITDA	$	205		$	143		$	228		$	(32	)	$	544

Notes:

Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $158 million of net revaluation gains, $50 million of other income related to a distribution at our entertainment operation, $21 million of transaction costs, $19 million of business separation expenses, stand-up costs and restructuring charges and $52 million of other expenses.
Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by our investments in associates and joint ventures accounted for using the equity method.
Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.

Brookfield Business Corporation Reports First Quarter 2025 Results

BROOKFIELD, News, May 2, 2025 – Brookfield Business Corporation (NYSE, TSX: BBUC) announced today its net income (loss) for the quarter ended March 31, 2025.

	Three Months Ended March 31,
US$ millions, unaudited		2025			2024

Net income (loss) attributable to Brookfield Business Partners	$	(58	)	$	(150	)

Net loss attributable to Brookfield Business Partners for the three months ended March 31, 2025 was $58 million compared to net loss of $150 million during the same period in 2024. Current period results included $7 million of remeasurement loss on our exchangeable and class B shares that are classified as liabilities under IFRS. As at March 31, 2025, the exchangeable and class B shares were remeasured to reflect the closing price of $23.46 per unit.

Dividend

The Board of Directors has declared a quarterly dividend in the amount of $0.0625 per share, payable on June 30, 2025 to shareholders of record as at the close of business on May 30, 2025.

Additional Information

Each exchangeable share of Brookfield Business Corporation has been structured with the intention of providing an economic return equivalent to one unit of Brookfield Business Partners L.P. Each exchangeable share will be exchangeable at the option of the holder for one unit. Brookfield Business Corporation will target that dividends on its exchangeable shares be declared and paid at the same time as distributions are declared and paid on the Brookfield Business Partners’ units and that dividends on each exchangeable share will be declared and paid in the same amount as distributions are declared and paid on each unit to provide holders of exchangeable shares with an economic return equivalent to holders of units.

In addition to carefully considering the disclosures made in this news release in its entirety, shareholders are strongly encouraged to carefully review the Letter to Unitholders, Supplemental Information and other continuous disclosure filings which are available at https://bbu.brookfield.com.

Please note that Brookfield Business Corporation’s previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR and are available at https://bbu.brookfield.com/bbuc under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.


Brookfield Business Corporation Consolidated Statements of Financial Position

	As at
US$ millions, unaudited	March 31, 2025					December 31, 2024

Assets
Cash and cash equivalents				$	968				$	1,008
Financial assets					324					353
Accounts and other receivable, net					3,397					3,229
Inventory, net					59					52
Other assets					641					627
Property, plant and equipment					2,479					2,480
Deferred income tax assets					206					197
Intangible assets					6,031					5,966
Equity accounted investments					201					198
Goodwill					4,993					4,988
Total Assets				$	19,299				$	19,098

Liabilities and Equity
Liabilities
Accounts payable and other				$	5,371				$	5,276
Non-recourse borrowings in subsidiaries of the company					8,711					8,490
Exchangeable and class B shares					1,682					1,709
Deferred income tax liabilities					951					988

Equity
Brookfield Business Partners	$	(78	)			$	(59	)
Non-controlling interests		2,662					2,694
					2,584					2,635
Total Liabilities and Equity				$	19,299				$	19,098


Brookfield Business Corporation Consolidated Statements of Operating Results

	Three Months Ended March 31,
US$ millions, unaudited		2025			2024

Revenues	$	1,966		$	1,865
Direct operating costs		(1,789	)		(1,652	)
General and administrative expenses		(75	)		(64	)
Interest income (expense), net		(219	)		(210	)
Equity accounted income (loss)		3			1
Impairment reversal (expense), net		—			(2	)
Remeasurement of exchangeable and class B shares		(7	)		(111	)
Other income (expense), net		(34	)		(11	)
Income (loss) before income tax		(155	)		(184	)
Income tax (expense) recovery
Current		(23	)		(44	)
Deferred		43			54
Net income (loss)	$	(135	)	$	(174	)
Attributable to:
Brookfield Business Partners	$	(58	)	$	(150	)
Non-controlling interests		(77	)		(24	)

Cautionary Statement Regarding Forward-looking Statements and Information

Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners, as well as regarding recently completed and proposed acquisitions, dispositions, and other transactions, and the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to, the following: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation, commodity prices and volatility in the financial markets; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; business competition, including competition for acquisition opportunities; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; changes to U.S. laws or policies, including changes in U.S. domestic and economic policies as well as foreign trade policies and tariffs; technological change; litigation; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; operational, or business risks that are specific to any of our business services operations, infrastructure services operations or industrials operations; changes in government policy and legislation; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; changes in tax law and practice; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in our annual report for the year ended December 31, 2024 filed on Form 20-F.

Statements relating to “reserves” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described herein can be profitably produced in the future. We qualify any and all of our forward-looking statements by these cautionary factors.

We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

Cautionary Statement Regarding the Use of a Non-IFRS Measure

This news release contains references to a Non-IFRS measure. Adjusted EBITDA is not a generally accepted accounting measure under IFRS and therefore may differ from definitions used by other entities. We believe this is a useful supplemental measure that may assist investors in assessing the financial performance of Brookfield Business Partners and its subsidiaries. However, Adjusted EBITDA should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS.

References to Brookfield Business Partners are to Brookfield Business Partners L.P. together with its subsidiaries, controlled affiliates and operating entities. Unitholders’ results include limited partnership units, redemption-exchange units, general partnership units, BBUC exchangeable shares and special limited partnership units. More detailed information on certain references made in this news release will be available in our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our interim report for the first quarter ended March 31, 2025 furnished on Form 6-K.

The MIL Network –

May 2, 2025

MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for April 2025 of its Virtune Crypto Altcoin Index ETP

Source: GlobeNewswire (MIL-OSI)

Stockholm, 2nd of May 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm and Nasdaq Helsinki (ISIN code SE0023260716).

In addition to the Virtune Crypto Altcoin Index ETP, Virtune’s product portfolio includes:

Virtune Bitcoin ETP
Virtune Staked Ethereum ETP
Virtune Staked Solana
Virtune Staked Polkadot ETP
Virtune XRP ETP
Virtune Stellar ETP
Virtune Litecoin ETP
Virtune Avalanche ETP
Virtune Chainlink ETP
Virtune Arbitrum ETP
Virtune Polygon ETP
Virtune Staked Cardano ETP
Virtune Crypto Top 10 Index ETP

Index allocation as of 30th of April (before rebalancing):

Solana: 15.60%
Avalanche: 15.30%
Chainlink: 14.46%
Cardano: 14.40%
XRP: 14.28%
Litecoin: 13.95%
Uniswap: 12.01%

Index allocation as of 30th of April (after rebalancing):

XRP: 14.29%
Litecoin: 14.29%
Solana: 14.29%
Chainlink: 14.29%
Cardano: 14.29%
Avalanche: 14.29%
Uniswap: 14.29%

In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Altcoin Index ETP outcome for April was: +0.56%.

The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Altcoin Index. The purpose of the monthly rebalancing is to reset the weights of each crypto asset to provide equal-weighted exposure to altcoins.

In April, the market turned upward for several leading altcoins. Solana delivered the strongest performance with a sharp increase of 18.6%, while Avalanche and XRP also showed a stronger performance of 11.4% and 4.98%. Uniswap, however, declined by -11.6%, moving against the positive trend in the index.

The performance of the crypto assets included in Virtune Crypto Altcoin Index ETP in April:

Solana: +18.6%
Avalanche: +11.4%
XRP: +4.98%
Cardano: +3.17%
Chainlink: +2.66%
Litecoin: +0.77%
Uniswap: -11.6%

Virtune Crypto Altcoin Index ETP is the first of its kind in the Nordic region. It includes up to 10 leading alternative crypto assets (altcoins), excluding Bitcoin and Ethereum, that are part of the Nasdaq Crypto Index. Each altcoin is equally weighted to promote diversification; this structure allows investors to gain broad exposure to crypto assets beyond Bitcoin and Ethereum without being heavily concentrated in any single crypto asset.

If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

Press contact
Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64

Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

The MIL Network –

May 2, 2025
MIL-OSI: OTC Markets Group Welcomes Parks! America, Inc. to OTCQX

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Parks! America, Inc. (OTCQX: PRKA), owner and operator of three regional safari parks, has qualified to trade on the OTCQX® Best Market. Parks! America, Inc. upgraded to OTCQX from the Pink® market.

Parks! America, Inc. begins trading today on OTCQX under the symbol “PRKA.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Ralph Molina, Head of Investor Relations and Corporate Strategy, stated, “We are excited to graduate to the OTCQX Market, the highest market tier of OTC Markets, and join approximately 600 other publicly-traded securities who meet the rigorous standards required to trade on this premium market.”

About Parks! America, Inc.
Parks! America, Inc. (OTCQX: PRKA), through our wholly owned subsidiaries, is the owner and operator of three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets in the United States.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

The MIL Network –

May 2, 2025
MIL-OSI: OTC Markets Group Welcomes Steel Partners Holdings L.P. to OTCQX

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Steel Partners Holdings L.P. (OTCQX: SPLP, SPLPP), a diversified global holding company, has qualified to trade on the OTCQX® Best Market. Steel Partners Holdings LP previously traded on the New York Stock Exchange.

Steel Partners Holdings L.P.’s common and series A preferred units begin trading today on OTCQX under the symbols “SPLP” and “SPLPP”, respectively. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Steel Partners Holdings LP
Steel Partners Holdings L.P. (www.steelpartners.com) is a diversified global holding company that owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market, and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS^TM are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

The MIL Network –

May 2, 2025
MIL-Evening Report: Final polls give Labor a clear lead before the election

Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

With those who haven’t already cast a pre-poll vote ready to hit the polling places tomorrow, a final batch of polls give Labor a firm lead.

The final Newspoll gave Labor a 52.5–47.5 lead, a Freshwater poll gave Labor a 51.5–48.5 lead, a DemosAU poll gave Labor a 52–48 lead and a Morgan poll gave Labor a 53–47 lead. Vote counting at the election is also covered.

The final Newspoll, conducted Monday to Thursday from a sample of 1,270, gave Labor a 52.5–47.5 lead, a 0.5-point gain for Labor since the April 21–24 Newspoll. Primary votes were 34% Coalition (down one), 33% Labor (down one), 13% Greens (up two), 8% One Nation (steady) and 12% for all Others (steady).

Applying 2022 election preference flows to these primary votes would give Labor about a 53–47 lead. Newspoll is giving the Coalition a greater share of One Nation preferences than in 2022.

Here is the final poll graph. Labor is clearly ahead and will win Saturday’s election unless polls are overstating them by as much as they did in the 2019 election.

Anthony Albanese’s net approval in Newspoll was down one point to -10, with 52% dissatisfied and 42% satisfied. Peter Dutton’s net approval slumped a further four points to a new record low of -28. Albanese led Dutton as better PM by an unchanged 51–35.

Since the early March Newspoll (the last one before the election campaign began), Dutton has lost 14 points on net approval, while Albanese has gained two points.

Here is the graph of Albanese’s net approval in Newspoll this term. The plus signs are the Newspoll data points and a trend line has been fitted.

A simple average of the four polls this week that have asked for leaders’ ratings (Newspoll, Freshwater, Essential and Resolve) has Albanese at net -3.8 approval and Dutton at net -20.

By 57–43, voters thought they would be better off in the next three years under an Albanese Labor government than a Dutton Coalition government.

Labor takes 51.5–48.5 lead in final Freshwater poll

A national Freshwater poll for The Financial Review, conducted Tuesday to Thursday from a sample of 2,055 (double the normal sample size), gave Labor a 51.5–48.5 lead by respondent preferences, a 1.3-point gain for Labor since the April 14–16 Freshwater poll.

Primary votes were 37% Coalition (down two), 33% Labor (up one), 12% Greens (steady) and 18% for all Others (up one). One Nation were broken out for the first time and had 8%. By 2022 election flows, Labor would lead by about 51–49.

Freshwater has been the most pro-Coalition of regular Australian pollsters, and its last poll had a near tie when other polls had Labor well ahead.

Albanese’s net approval was up seven points to -3, with 44% unfavourable and 41% favourable. Dutton’s net approval was down five points to -16. Albanese led Dutton as preferred PM by 49–39 (46–41 previously).

Labor gained a point on cost of living and economic management to reduce the Coalition’s lead to one point and five points on these issues respectively.

The Coalition led by 55–45 with the 42% who had already voted (25% early and 17% by postal ballot). Labor led by 52–41 with those yet to vote with 7% undecided.

Two DemosAU final week polls

The two national DemosAU polls listed here were taken over a concurrent fieldwork period. The previous DemosAU poll, conducted April 22–23, had given Labor a 52–48 lead from primary votes of 31% Coalition, 29% Labor, 14% Greens, 9% One Nation, 7% independents and 10% others.

A national DemosAU poll
, conducted April 27–30 from a large sample of 4,100, gave Labor a 52–48 lead, from primary votes of 33% Coalition, 31% Labor, 12% Greens, 9% One Nation, 2% Trumpet of Patriots, 7% independents and 6% others. State and other breakdowns are provided in the report.

Albanese led Dutton by 46–34 as preferred PM. Party breakdowns of this question had Albanese leading by 71–10 with Greens voters, 57–20 with independent voters and 36–27 with other voters. Dutton only led by 43–21 with One Nation voters and 37–30 with Trumpet of Patriots voters. These breakdowns don’t imply a Coalition surge on preference flows.

A second national DemosAU poll for The Gazette, conducted April 27–29 from a sample of 1,974, gave Labor a 51–49 lead, Primary votes were 32% Coalition, 29% Labor, 12% Greens, 9% One Nation, 7% independents and 11% others.

Labor retains 53–47 lead in final Morgan poll

The final national Morgan poll, conducted Monday to Friday from a sample of 1,368, gave Labor a 53–47 lead, unchanged from the April 21–27 Morgan poll.

Primary votes were 34.5% Coalition (steady), 33% Labor (down one), 13.5% Greens (up 0.5), 6.5% One Nation (down one), 2% Trumpet of Patriots (up 0.5), 3% teal independents (up one) and 7.5% for all Others (steady). By 2022 election flows, Labor led by an unchanged 54–46.

More from the Spectre poll

I’ve received the full Spectre poll that I wrote about on Thursday. Labor’s net favourability was net zero, the Liberals were at net -2, Albanese was net -6, Dutton was net -13, Pauline Hanson was net -8 and Greens leader Adam Bandt was net -12.

The most unpopular people in this poll were US President Donald Trump at net -47 and Elon Musk at net -45.

Vote counting for the election

Polls close at 6pm AEST Saturday in the eastern states, which have 122 of the 150 House of Representatives seats. Polls close at 6:30pm AEST in South Australia and the Northern Territory (12 combined seats), and in Western Australia at 8pm AEST (16 seats).

By 8pm AEST, I expect the large majority of votes cast on election day to be counted in the eastern states. But pre-poll votes and returned postal votes already account for 40% of enrolled voters, and the biggest day of pre-polling (Friday) is still to be added.

In many seats, we will need to wait until the pre-poll votes are counted before a result can be called. It’s unlikely the election will be called until a large proportion of the pre-poll votes have been counted. This is likely to take until late at night AEST.

Not all seats will be called on election night. In some seats, the electoral commission will have selected the incorrect candidates for its final two candidate count, and will need to re-do this count with the correct candidates.

Other seats will be close between the final two, and we will need to wait for late postals and absent votes to decide the winner. If postmarked by election day, postals have up to May 16 to arrive (13 days after the election).

I wrote about the Senate election on April 16. It will usually be clear on election night who has won the top four or five seats out of six in a state. But to resolve the final seats, all votes need to be data entered into a computer system, then a button is pressed to electronically distribute preferences. This is likely to take about four weeks after the election.

UK byelection and local elections

I covered Thursday’s United Kingdom parliamentary byelection and local government elections for The Poll Bludger. The far-right Reform gained the safe Labour Runcorn and Helsby seat, winning by just six votes. They are making massive gains from both the Conservatives and Labour in the local elections.

In final results from Monday’s Canadian election, the centre-left Liberals won 169 of the 343 seats, three short of the 172 needed for a majority. The Conservatives won 144 seats, the separatist left-wing Quebec Bloc (BQ) 22, the left-wing New Democratic Party (NDP) seven and the Greens one. Vote shares were 43.7% Liberals, 41.3% Conservatives, 6.3% BQ, 6.3% NDP and 1.3% Greens.

Adrian Beaumont 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. Final polls give Labor a clear lead before the election – https://theconversation.com/final-polls-give-labor-a-clear-lead-before-the-election-255724

MIL OSI Analysis – EveningReport.nz –

May 2, 2025
MIL-OSI United Kingdom: Two new Non-Executive Board Members appointed to the Department for Culture, Media and Sport
Source: United Kingdom – Executive Government & Departments

News story

Two new Non-Executive Board Members appointed to the Department for Culture, Media and Sport

The Secretary of State has appointed Jude Kelly and Janet Pope as Non-Executive Board Members for terms of three years from 23 April 2025 to 22 April 2028.
Jude Kelly

Jude Kelly CBE is an internationally acclaimed creative leader who has founded and steered some of the world’s most prestigious cultural institutions, arts festivals, charities, and outreach programmes. A pioneer for social progress, Jude is renowned for championing inclusion, gender equality and diversity. She is the former Artistic Director of the Southbank Centre , founder Artistic Director of the West Yorkshire Playhouse ( now Leeds Playhouse) and the Founder and current Head of Global Advisory of WOW – Women of the World which runs festivals and programmes in many parts of the UK including Bradford, Durham, Hull, Manchester Rotherham and internationally in 26 countries . Jude has directed over 200 theatre and opera productions, led the Culture programme for the London Olympic and Paralympic 2012 bid and was a Cultural Leader in Residence for the World Economic Forum 2024. She is the eighth Master of St Catherine’s College, University of Oxford, a Board member of Creative UK and cultural adviser to The Eden Project. She is the inaugural Chair of One Creative North.

Janet Pope

Janet Pope is currently Chair of the Charities Aid Foundation (CAF) Bank and Environment and Social Purpose Committee Chair at Yorkshire Building Society. She is also a Trustee at StepChange, the debt advisory charity. Janet recently retired from her role as Chief of Staff and Chief Sustainability Officer at Lloyds Banking Group where she was a Group Director for more than ten years and previously Savings Director. Her earlier roles include CEO Alliance Trust Savings, EVP Strategy at Visa and Retail Banking Director (Africa) at Standard Chartered Bank. Janet’s previous non-executive roles include board roles at the Banking Standards Board and government audit committee roles at DCLG and ODPM. Janet read Economics at the LSE and holds an MSc Economics and MBA from London University.

As well as sitting on the Departmental Board, Janet has been appointed to chair the Department’s Audit and Risk Committee.

Remuneration and Governance Code

These roles receive an annual remuneration of £15,000 per annum (£20,000 for Audit and Risk role). These appointments have been made in accordance with the Cabinet Office’s Governance Code on Public Appointments.

The appointments process is regulated by the Commissioner for Public Appointments. Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election.

Jude Kelly has declared that she is a member of The Labour Party and canvassed on their behalf at the last general election. Janet Pope has declared that she was a Labour Councillor for the London Borough of Camden from 1986-1990, Chair of Camden Town with Primrose Hill Branch of Holborn & St Pancras Labour Party 2021-2023 and from 2024 she is currently Treasurer of Camden Central branch Holborn & St Pancras Labour Party 2024

DCMS has around 400 regulated Public Appointment roles across 42 Public Bodies (https://www.gov.uk/government/organisations) including Arts Council England, Theatres Trust, the National Gallery, UK Sport and the Gambling Commission. DCMS is committed to ensuring that the boards of public bodies benefit from a range of talents, backgrounds, and perspectives, and welcome applications from across the country. To find out more about Public Appointments or to apply for a role visit the HM Government Public Appointments Website.

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Updates to this page

Published 2 May 2025
MIL OSI United Kingdom –
May 2, 2025
MIL-OSI United Kingdom: Man convicted of fly-tipping offence after successful prosecution by council

Source: City of Winchester

Winchester City Council has achieved another successful prosecution for a fly-tipping offence.

A West Sussex man has been convicted of the fly-tipping offence after an incident at Alresford Road, Ovington, Winchester in April 2024.

Philip Henry Exall, 68 years-old and a resident of Willett Close, Petworth, West Sussex, pleaded guilty on Friday 4 April 2025 in Basingstoke Magistrates Court.

The court heard that surveillance camera images captured an open-back tipper truck in a lane with concrete boulders in the rear, boulders which were later discovered dumped in the same area.

Mr Exall was ordered to pay a fine, victim surcharge and full prosecution costs, totalling £1,315.73.

Winchester City Council Deputy Leader and Cabinet Member for Finance and Performance Cllr Neil Cutler said: “This case once again reinforces Winchester City Council’s zero-tolerance approach to fly-tipping; the latest Defra figures show that there has been a reduction of 15% in fly tipping incidents in the Winchester District and we will continue to look to prosecute all of those who commit this environmental crime wherever possible.

“Fly-tipping causes huge damage to our local communities, wildlife and the environment, and we also rely on reports and witness statements from the public to prosecute – I’d encourage anyone who witnesses or captures footage of someone dumping waste illegally in our district to report it.”

Reports of fly-tipping can be made on the council’s website at www.winchester.gov.uk/report, via the Your Winchester app or by calling 0300 300 0013.

Last Updated: Friday 2 May 2025

MIL OSI United Kingdom –

May 2, 2025
MIL-OSI USA: Food Co. Issues Allergy Alert on Undeclared Milk in Monkfish Liver – Ankimo

Source: US Food and Drug Administration

Summary

Company Announcement Date:
April 28, 2025
FDA Publish Date:
May 01, 2025
Product Type:
Food & BeveragesAllergens
Reason for Announcement:

Recall Reason Description
Potential or Undeclared Allergen – Milk

Company Name:
JJWV Marketing Corporation
Brand Name:

Brand Name(s)
Ankimo

Product Description:

Product Description
Monkfish Liver

Company Announcement
JJWV Marketing Corporation of Santa Fe Springs, California is recalling Ankimo Monkfish Liver because it may contain undeclared milk. People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume this product.
Ankimo Monkfish Liver was distributed in California through retailers at Little Tokyo Market Place and H Marts, and it reached consumers through retail stores shelves.
Vacuum packed with red label with white “ANKIMO” lettering. UPC number is 894042-002562, expiring either October 21st or 22nd of 2026, and expiring October 17, 2027. You can find it in the frozen food section.
There were “No illnesses” have been reported to date.
The recall was initiated after it was discovered that product containing the milk protein was in packaging that did not properly label the presence of milk.
Consumers who have purchased the ANKIMO Monkfish Liver are urged not to consume the products and return it to the place of purchase for a full refund. Consumers with questions may contact the company at 1-562-906-9988 from 8:00 am to 5:00 pm, Monday through Friday, Pacific Standard Time.
This recall is being made with the knowledge of the U.S. Food and Drug Administration.

Company Contact Information

Consumers:
1-562-906-9988

Media:
Jonathan Park, Victor Pak
562-606-4150, 213-255-8849

Product Photos

Content current as of:
05/01/2025

Regulated Product(s)

Topic(s)

Follow FDA

MIL OSI USA News –

May 2, 2025
MIL-OSI USA: 2025-59 HAWAIʻI CONDEMNS ADMINISTRATION’S ILLEGAL ATTEMPT TO INTERFERE WITH STATE LAWSUIT AGAINST BIG OIL, SUES FOSSIL FUEL INTERESTS FOR CLIMATE DECEPTION
Source: US State of Hawaii

2025-59 HAWAIʻI CONDEMNS ADMINISTRATION’S ILLEGAL ATTEMPT TO INTERFERE WITH STATE LAWSUIT AGAINST BIG OIL, SUES FOSSIL FUEL INTERESTS FOR CLIMATE DECEPTION

Posted on May 1, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

STATE OF HAWAIʻI

KA MOKU ʻĀINA O HAWAIʻI

DEPARTMENT OF THE ATTORNEY GENERAL

KA ʻOIHANA O KA LOIO KUHINA

JOSH GREEN, M.D.
GOVERNOR

KE KIAʻĀINA

ANNE LOPEZ

ATTORNEY GENERAL

LOIO KUHINA

HAWAIʻI CONDEMNS ADMINISTRATION’S ILLEGAL ATTEMPT TO INTERFERE WITH STATE LAWSUIT AGAINST BIG OIL

Hawaiʻi Sues Fossil Fuel Interests for Climate Deception

News Release 2025-59

FOR IMMEDIATE RELEASE

May 1, 2025

HONOLULU – Attorney General Anne Lopez condemns the U.S. Department of Justice lawsuit, filed in the U.S. District Court for the District of Hawaiʻi on April 30, 2025, seeking to preemptively halt a separate lawsuit against Big Oil companies for their deceptive conduct leading to the current climate crisis:

Attorney General Lopez said: “We have an obligation to the people of Hawaiʻi, to do everything in our power to fight deceptive practices from these fossil fuel companies that erode Hawaiʻi’s public health, natural resources and economy. The federal lawsuit filed by the Justice Department attempts to block Hawaiʻi from holding the fossil fuel industry responsible for deceptive conduct that caused climate change damage to Hawaiʻi.”

Governor Josh Green, M.D. states: “Hawaiʻi suffered a devastating climate-driven, wildfire-initiated disaster on Maui that resulted in the tragic loss of 102 lives and billions of dollars in damage. This climate-related wildfire was the deadliest in United States history in more than a century.”

“The use of the United States Department of Justice to fight on behalf of the fossil fuel industry is deeply disturbing and is a direct attack on Hawaiʻi’s rights as a sovereign state,” added Attorney General Lopez. “The state of Hawaiʻi will not be deterred from moving forward with our climate deception lawsuit. My department will vigorously oppose this gross federal overreach.”

Notwithstanding the federal lawsuit, Governor Josh Green M.D., and Attorney General Lopez today announced a lawsuit against fossil fuel companies for their deceptive conduct and failure to warn about their products’ climate change danger, now harming Hawaiʻi’s public health, infrastructure, natural resources and economy. The lawsuit was filed in the Circuit Court of the First Circuit.

“The climate crisis is here, and the costs of surviving it are rising every day,” said Governor Green. “Hawaiʻi taxpayers should not have to foot that bill. The burden should fall on those who deceived and failed to warn consumers about the climate dangers lurking in their products. This lawsuit is about holding those parties accountable, shifting the costs of surviving the climate crisis back where they belong, and protecting Hawaiʻi citizens into the future.”

The state’s lawsuit names seven groups of affiliated fossil fuel companies and the American Petroleum Institute, the largest oil and gas trade association in the United States. It alleges seven causes of action against all defendants, including violations of Hawaiʻi’s Unfair or Deceptive Acts or Practices Statute, failure to warn, harm to public trust resources, public and private nuisance, trespass, and negligence. The lawsuit also alleges civil aiding and abetting against the American Petroleum institute.

“These defendants had a duty to warn people about the climate dangers associated with their products, or to mitigate those dangers. But they did neither of those things,” said Attorney General Lopez. “Instead, they put profits ahead of people and facilitated the increased use of their dangerous products through decades of deceptive conduct. They violated Hawaiʻi law, harmed all Hawaiʻi residents, and will now be held accountable in a Hawaiʻi court.”

The lawsuit filed today details the history of defendants’ deceptive conduct, and many of the resulting harms inflicted on the state of Hawaiʻi as a result of that conduct. Some key excerpts from the complaint filed today:
- “Climate change has already impacted and will continue to harm Native Hawaiian traditional and customary practices including upland forest practices, traditional agriculture, and coastal and nearshore marine practices.” (para 274)
- “As of 2021, 66 state-owned facilities have reported flooding from sea level rise and precipitation. These facilities include public housing complexes in Kāneʻohe, the Hulihe‘e Palace historic site, and the Kauaʻi and Oʻahu Community Correctional Centers.” (para 280)
- “Moreover, 70 percent of the state’s beaches have already experienced erosion, and 13 miles of beach have been lost across the islands. These impacts will continue to worsen as the sea level rises further. By 2050, NOAA predicts that more than 90 percent of the state’s beaches will be receding.” (para 280)
- “Climate impacts threaten Hawaiʻi water resources. As rainfall levels decline, Hawaiʻi will have decreasing access to freshwater… By 2030, the state may suffer from a freshwater shortfall of 100 million gallons per day.” (para 292)
- “Climate change increases the threat of wildfires for Hawaiʻi. The 2023 Maui wildfires were the deadliest in modern U.S. history and the worst natural disaster in the history of the state. More than 100 lives were lost, and more than 2,200 structures were destroyed, causing $5.5 billion of damage.” (para 294)
- “Climate change has, and will continue to have, constant, widespread, and severe impacts to the physical health of Hawaiʻi residents. Rising temperatures and intense heat waves, extreme weather events, related disruptions to health and emergency services, and increased proliferation of vector-borne disease and pathogens will and has already taken its toll.” (para 311)
The lawsuit requests a jury trial and seeks relief in the form of compensatory, punitive, and natural resource damages; civil penalties; disgorgement of profits; and an order enjoining Defendants from engaging in the unfair or deceptive acts or practices described in the lawsuit, among others.

A copy of the complaint as filed can be found here.

* * *

Media Contacts:

Dave Day

Special Assistant to the Attorney General

Office: 808-586-1284

Email: [email protected]

Web: http://ag.hawaii.gov

Toni Schwartz
Public Information Officer
Hawai‘i Department of the Attorney General
Office: 808-586-1252
Cell: 808-379-9249
Email: [email protected]

Web: http://ag.hawaii.gov

MIL OSI USA News –
May 2, 2025
MIL-OSI Security: International operation uncovers large scale scheme laundering hundreds of millions of euros
Source: Eurojust

The suspect is the son of a prominent entrepreneur in Ukraine, who owned a defence company. Following the Russian invasion, profits began to decline, and the owners are suspected of having illegally sold their majority stake to representatives of a foreign state.

To hide the illegal profits gained from the sale, the owner’s son bought properties, in several countries including France and Monaco. He is believed to have subsequently laundered hundreds of millions of euros in profits.

In France alone, he is suspected of having laundered over EUR 57 million between 2010 and 2023. He also laundered profits from illegal arms sales by his father, the owner of the defence company. Soon after opening a money laundering investigation, the French authorities froze the suspects’ assets worth EUR 57 million with the intention of returning them to Ukraine.

Investigations continued in the framework of a joint investigation team (JIT) set up at Eurojust, facilitating the judicial cooperation between the three countries. French, Ukrainian and Monegasque authorities worked together with support from Eurojust to establish a judicial strategy and exchange information on the illegal activities.

Their collaboration resulted in the arrest of the son in Monaco on 28 April. The French, Ukrainian and Monegasque authorities are currently questioning him as part of the JIT. During the operation, several documents of value to the investigation were discovered in Monaco. The owner of the defence company is already on trial in Ukraine for crimes against national security and is now suspected of money laundering as well.

The following authorities carried out the operations:
- France: JUNALCO (National Jurisdiction against Organised Crime); Public Prosecution Office Paris; ONAF (National Office against Fraud)
- Ukraine: Prosecutor General’s Office; Security Service of Ukraine
- Monaco: Prosecutor General’s Office of Monaco; Directorate of Public Safety
MIL Security OSI –
May 2, 2025
MIL-OSI Global: Burkina Faso and Mali’s fabulous flora: new plant life record released

Source: The Conversation – Global Perspectives – By Cyrille Chatelain, Scientist, Conservatoire et Jardin botaniques de Genève (CJBG)

The Illustrated Flora of Burkina Faso and Mali is the first comprehensive documentation of the remarkable plant diversity in these two west African countries.

Written in French, the book is the outcome of decades of botanical research and scientific collaboration between institutions and botanists from Burkina Faso, Mali, France, Switzerland and Germany. For the first time, it provides a complete inventory of ferns and flowering plants in Burkina Faso and Mali. It catalogues 2,631 species – both native and introduced – with 2,115 identified in Burkina Faso, 1,952 in Mali, and 1,453 shared between both countries.

Featuring over 800 photographs, 2,631 scientific illustrations, detailed descriptions, distribution maps, and identification keys, it serves as an essential tool for scientific research and biodiversity conservation. It’s also useful for sustainable development in the region.

We are a team of botanists from Burkina Faso, Mali and Europe who worked on this guide. One of our team is the botanist Jean César, who has carried out botanical research in the region for over 30 years. We based the guide on his earlier work in researching the flora of West Africa, and training young botanists.

The guide shows how diverse the climate of west Africa is. From the Sahara Desert to the Sahelian zone and the savannas and open forests of the Sudanian region.

By identifying plant species – whether common, rare, overexploited, or invasive – this guide can play a crucial role in conservation efforts: one can only protect what one knows.

The publication lays the groundwork for conservation of Sahelian ecosystems, which face increasing degradation with direct consequences for rural communities.

How we came up with the guide

As a team, we’ve conducted more than 40 years of research in Burkina Faso and Mali, documenting different plants. We also studied herbarium collections in Paris, Montpellier, Frankfurt and Geneva in Europe and Ouagadougou and Bobo-Dioulasso in Burkina Faso.

We drew from online resources such as African Plants – A Photo Guide and the African Plant Database. These compile comprehensive data on African plant biology, distribution and taxonomy (the science of classifying and naming plants).

The book is written in French and includes an index of local plant names in the local languages of Bambara, Dogon, Sonrai, Sénoufo and Peulh. This makes it a valuable resource for local communities and researchers alike. There is an open access digital version to make sure that everyone can use the new illustrated guide.

Discovering new and rare species

The book highlights species previously known from only a few observations. These are both widely distributed species and plants that are rare, only found in unprotected areas facing heavy urbanisation.

About 330 of the plant species in the guide have only ever been seen once in Burkina Faso or Mali, although some are present in neighbouring countries.

Another 40 near-endemic species (mainly only found in Burkina Faso and Mali) have only been seen once 40 years ago. Most of those are aquatic plants, growing along the Niger River, or in small wetland environments.

Additionally, this research updates information on more than a hundred poorly understood species that require further study. Some of these are likely new to science and have not even been given formal names. For instance, we found a new type of Brachystegia tree in the Geneva Botanical Garden’s herbarium. It is new to science and will have to be described.

Many plants documented here hold ethnobotanical value. They are part of the indigenous knowledge of Burkina Faso and Mali and play roles in traditional medicine, agriculture and crafts.

We found more than 120 species that have medicinal uses. Identifying them with correct scientific names will be crucial for the study of how people can continue to use these plants, especially as medicine.

Collaboration in difficult times

The hospitality of Sahelian countries has fostered numerous collaborations over the years under different projects.

Unfortunately, the current insecurity in the region has made field studies extremely dangerous, threatening conservation projects. For instance, forest rangers can no longer travel freely, and some regions have become inaccessible.

Publishing this book at such a difficult time brings renewed momentum to scientists and serves as a positive sign of continued collaboration. It gives visibility to botanical studies in both countries and highlights the importance of collaborations among botanists from different continents.

By recording this biodiversity, this work not only preserves valuable ecological knowledge but also ensures that the knowledge of these species is not lost to conflict-driven environmental degradation. It sheds light on the importance of preserving plants for future generations.

Cyrille Chatelain receives funding from the Swiss Agency for Development and Cooperation (SDC).

Adjima Thiombiano, Blandine Marie Ivette Nacoulma, and Mamadou Lamine Diarra 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. Burkina Faso and Mali’s fabulous flora: new plant life record released – https://theconversation.com/burkina-faso-and-malis-fabulous-flora-new-plant-life-record-released-253571

MIL OSI – Global Reports –

May 2, 2025
MIL-OSI Global: How the US ‘war on woke’ and women risks weakening its own military capability

Source: The Conversation – Global Perspectives – By Bethan Greener, Associate Professor of Politics, Te Kunenga ki Pūrehuroa – Massey University

US Defense Secretary Pete Hegseth during a visit with Michigan Air National Guard troops, April 29. Getty Images

With US Secretary of Defense Pete Hegseth’s “proud” cancellation this week of the military’s Women, Peace and Security (WPS) program, the “war on woke” has found its latest frontier – war itself.

Stemming from a United Nations Security Council resolution in 2000, the WPS initiative aimed to increase the participation of women in public institutions, including in the security sector and in peace-making roles.

The WPS agenda aims to better understand how women, men, boys and girls experience war, peace and security differently. It increases operational effectiveness and supports the underlying goal of gender equality, described by the UN as the “number one predictor of peace”.

In the military context, it emphasises the need to increase the participation of women and to better protect non-combatant women in war, particularly from the prevalence of conflict-related sexual violence.

The decision to end the program as part of a wider war on diversity, equity and inclusion seems to assume national security and military power are incompatible with the promotion of racial and gender equality.

In other words, it assumes certain types of people aren’t really cut out to be “warfighters”. And it asserts that anything other than basic skill (such as weapons handling) undermines readiness and ability in warfare.

History and the available evidence suggest both ideas are wrong.

The archetypal warrior envisaged by Hegseth and others is one who relies on very traditional concepts of what constitutes a warrior and who that might be: not female, definitely not transgender, ideally also not gay.

Recent bans on transgender personnel in the US military, the removal of mandatory mental resilience training, and the
“disappearance” from US museums and memorials of the records of the military contribution of women and minorities, reinforce these ideas.

The ideal soldier, according to the new doctrine, is straight, white, physically fit, stoic and male. Yet people of all stripes have served their countries ably and with honour.

Hard-won progress in retreat

Military service is allocated a privileged kind of status in society, despite (or perhaps because of) the ultimate sacrifice it can entail. That status has long been the preserve of men, often of a particular class or ethnicity.

But women and minorities around the world have fought for the right to enter the military, often as part of broader campaigns for greater equality within society in general.

But there remains resistance to these “interlopers”. No matter their individual capabilities, women are painted as too physically weak, as a threat to combat unit cohesion, or a liability because of their particular health needs.

Women, in particular, are often perceived as being too emotional or lacking authority for military command. Minorities are seen as requiring distracting rules about cultural sensitivity, presenting language challenges, or are stereotyped as not cut out for leadership.

But problem solving – a key military requirement – is best tackled with a range of views and approaches. Research from the business world shows diverse teams are more successful, including delivering higher financial returns.

At a more granular level, we also know that minority groups have often outperformed other military units, as exemplified by the extraordinary feats of the New Zealand Māori Pioneer Battalion in World War I and the 28th Māori Battalion in World War II.

Women, too, have proved themselves many times over, most recently in the wars in Iraq and Afghanistan. As well as matching the skills of their male counterparts, they also had different, useful approaches to roles such as intelligence gathering in conflict zones.

US Marines on a military exercise – but history shows us there’s more than one type of successful soldier.
Getty Images

The ‘woke warrior’

The competence of military personnel is not determined by sex, gender, sexuality or ethnicity. Rather, competence is determined by a combination of learned skills, training, education, physical ability, mental agility, resilience, experience, interpersonal skills and leadership qualities.

Any suggestion that military units are best served by being made up of only heterosexual men with “alpha” tendencies is undermined by the evidence. In fact, a monocultural, hypermasculine military may increase the potential for harrassment, bullying or worse.

Modern military roles also involve a much wider range of skills than the traditional and stereotypically male infantry tasks of digging, walking with a pack, firing guns and killing an enemy.

In modern warfare, personnel may also need to engage in “hearts and minds” counterinsurgency, or in “grey zone” tactics, where specialisations in intelligence, cyber or drone piloting are more highly prized. Militaries are also much more likely to be deployed to non-warfighting roles, such as humanitarian aid and disaster relief.

This isn’t to say “controlled aggression” and other traditionally alpha-male attributes don’t have their place. But national military strategies increasingly stress the need to train ethical and compassionate soldiers to successfully carry out government objectives.

The evolution of war requires the evolution of the military forces that fight them. The cancellation of the Women, Peace and Security program in the US threatens to put a stop to this process, at least in that country.

Despite Pete Hegseth’s claim to be increasing “warfighting” capability, then, there is a real chance the move will decrease operational effectiveness, situational awareness and problem solving in conflict situations.

Far from being peripheral, the Women, Peace and Security program is central to the future of all military activity, and to developing conceptions of war, peace and security. Hegseth’s “proud moment” looks less like winning a “war on woke” and more like a retreat from an understanding of the value a diverse military has created.

Bethan Greener 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. How the US ‘war on woke’ and women risks weakening its own military capability – https://theconversation.com/how-the-us-war-on-woke-and-women-risks-weakening-its-own-military-capability-255710

MIL OSI – Global Reports –

May 2, 2025
MIL-OSI Asia-Pac: PRESIDENT OF INDIA GRACES AN EVENT ‘AGEING WITH DIGNITY’ INITIATIVES FOR WELFARE OF SENIOR CITIZENS

Source: Government of India

PRESIDENT OF INDIA GRACES AN EVENT ‘AGEING WITH DIGNITY’ INITIATIVES FOR WELFARE OF SENIOR CITIZENS

ELDER PEOPLE ARE A LINK TO THE PAST AND ALSO GUIDES TO THE FUTURE, WE SHOULD VALUE THEIR GUIDANCE AND ENJOY THEIR VALUABLE COMPANY: PRESIDENT DROUPADI MURMU

Posted On: 02 MAY 2025 2:02PM by PIB Delhi

The President of India, Smt Droupadi Murmu graced an event ‘Ageing with Dignity’ – initiatives for the welfare of senior citizens at Rashtrapati Bhavan Cultural Centre today (May 2, 2025). The event organised by the Union Ministry of Social Justice and Empowerment witnessed the launch of the senior citizens welfare portal, the virtual inauguration of senior citizens homes, the distribution of Aids and Assistive devices and the signing of an MoU between the Department of Social Justice and Empowerment and Brahmakumaris organization.

Speaking on the occasion, the President said that respecting parents and elders is part of our culture. It is, generally seen in families that children are very comfortable with their grandparents. Elders act as an emotional pillar for the family. Elders too remain physically and emotionally healthy when they see their family flourishing.

The President said that in today’s competitive and quick-paced life, the support, inspiration and guidance of senior citizens is extremely important for our younger generation. Wealth of experiences and knowledge, which senior citizens have, can help the younger generation to face complex challenges. She said that old age is also a stage to spiritually empower oneself, analyze one’s life and actions, and live a meaningful life. Spiritually empowered senior citizens can lead the country and society towards greater prosperity and progress.

The President said that elder people are a link to the past and also guides to the future. It is our collective responsibility as a nation to ensure that our seniors live their old age with dignity and activeness. She was happy to note that the Government is empowering senior citizens through various initiatives so that they can actively participate in all aspects of life. She urged all citizens to commit themselves to the happiness and well-being of the elderly, value their guidance and enjoy their valuable company.

Please click here to see the President’s Speech-

***

MJPS/SR

(Release ID: 2126092) Visitor Counter : 28

MIL OSI Asia Pacific News –

May 2, 2025
MIL-OSI Africa: African Mining Week (AMW) 2025 to Host Africa-Europe Mining Cooperation Dialogue

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

CAPE TOWN, South Africa, May 2, 2025/APO Group/ —

As home to 30% of the world’s critical minerals – resources essential to Europe’s Green Deal and broader energy transition goals – Africa is attracting heightened interest from European investors and institutions.

Taking place from October 1–3, 2025 in Cape Town, African Mining Week – the continent’s premier mining event – will host the Europe-Africa Roundtable under the theme, European Partnerships in African Mining: A Mutually Beneficial Future. The roundtable will convene mining stakeholders, policymakers and investors from both continents to explore investment opportunities and foster cross-continental collaboration.

As Africa seeks to mobilize new capital to drive industrial growth through mining, European-based companies are playing a pivotal role. British multinational Anglo American is advancing copper, nickel, coal and diamond projects in South Africa, Botswana, Zambia and Nigeria. Glencore, headquartered in Switzerland, maintains major coal, copper and cobalt operations in South Africa and Botswana, while the UK’s Rio Tinto is engaged in a range of mineral ventures across the continent.

Europe’s junior and mid-tier mining firms are also gaining ground. Pensana is developing Angola’s first rare earths mine at Longonjo, which is expected to meet 5% of global demand for magnet rare earths. Endeavour Mining is leading several gold expansion projects across the continent, including the Lafigué Gold Mine in Ivory Coast, Sabodala-Massawa in Senegal and Kalana in Mali.

Beyond the private sector, the European Commission is also backing strategic infrastructure to unlock mineral corridors. Notably, it is co-financing the Lobito Corridor, which links the DRC, Zambia and Angola to global markets. Through frameworks such as the Global Gateway Africa-Europe Investment Package, the Africa-EU Partnership on Sustainable Raw Materials, and Strategic Partnerships on Critical Raw Materials, Europe is delivering financial backing and technical know-how to Africa’s mining sector. These efforts aim to secure reliable, responsible and diversified mineral supply chains while fostering sustainable development and value addition on the African continent.

Within this context, AMW 2025 offers a vital platform to sustain this momentum, deepen cooperation and forge new partnerships that advance mining-led growth. From major investments by European mining giants to infrastructure financing through the Lobito Corridor, Africa is attracting unprecedented levels of capital and collaboration. The Europe-Africa Roundtable will spotlight opportunities across critical minerals, gold, copper and rare earths, while promoting sustainable practices and mutually beneficial engagement.

MIL OSI Africa –

May 2, 2025
MIL-OSI: Rivalry Announces Grant of Management Cease Trade Order

Source: GlobeNewswire (MIL-OSI)

TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (TSXV: RVLY) (OTCQB: RVLCF) (“Rivalry” or the “Company”), the leading sportsbook and iGaming operator for digital-first players, announces today that it was unable to meet the April 30, 2025 deadline to file its Audited Annual Financial Statements, Management’s Discussion and Analysis, and related CEO and CFO certificates for the fiscal year ended December 31, 2024 (collectively, the “Annual Filings”), as required under applicable Canadian securities laws.

In connection with the Company’s inability to file the Annual Filings on time, the Company applied, and received approval, for a Management Cease Trade Order (the “MCTO”) from the Ontario Securities Commission under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). The Company will have until June 30, 2025 to file its Annual Filings. The Company remains confident in its ability to complete the Annual Filings by this date.

Until the Company files the Annual Filings, it will comply with the guidelines set out in Part 3(10) of NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports in the form of news releases.

While the MCTO is in effect, the general investing public will continue to be able to trade freely in the Company’s listed subordinate voting shares. However, the MCTO will prohibit the Company’s Chief Executive Officer and Interim Chief Financial Officer from trading securities of the Company for so long as the Annual Filings are not filed. Additionally, the Company will be prohibited from directly or indirectly issuing or acquiring securities from insiders or employees of the Company until such time as the Annual Filings and all continuous disclosure filings have been filed by the Company, and the MCTO has been lifted.

The Company confirms as of the date of this news release that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company also announces that it has secured a US$600,000 principal amount senior unsecured loan from its existing senior lender, maturing on September 30, 2025, with an interest rate of 10% per annum (the “Loan”). The Loan reinforces the Company’s senior lender’s support for the Company’s ongoing strategic review process and provides the Company with additional flexibility to continue pursuing its strategic initiatives to maximize long-term stakeholder value.

About Rivalry

Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Company Contact:
Steven Salz, Co-founder & CEO
ss@rivalry.com

Investor Contact:
investors@rivalry.com

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the timing, completion and filing of the Annual Filings by June 30, 2025, the Company’s ability to comply with the requirements of NP 12-203 and the Company’s strategic review process and any potential transactions that may arise in connection therewith.

Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; the Company’s ability to repay amounts owing under its secured and unsecured indebtedness; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Source: Rivalry Corp.

The MIL Network –

May 2, 2025
MIL-OSI: Radware Launches New Cloud Security Service Centers in India and Kenya

Source: GlobeNewswire (MIL-OSI)

MAHWAH, N.J., May 02, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, announced the launch of new cloud security service centers in Chennai and Mumbai, India, and Nairobi, Kenya. Today, Radware supports a network of more than 50 cloud security service centers worldwide with a mitigation capacity up to 15Tbps.

Radware’s global network of data centers mitigates attacks closest to their point of origin. This helps organizations improve application response times for in-region traffic and reduce mitigation response times against a variety of attacks, including denial-of-service attacks, web application attacks, malicious bot traffic, and attacks on APIs. It also helps them keep data within their borders to meet strict data privacy regulations.

According to Radware’s 2025 Global Threat Analysis Report, Web DDoS attacks, which appear as high intensity, Layer 7 application attacks, surged globally 550%, while web application and API attacks rose 41% between 2023 and 2024.

“Our ongoing investments in our security network continue to play an important role in our cloud security growth strategy,” said Haim Zelikovsky, vice president of cloud security services for Radware. “Cloud innovation is central to our mission in providing customers industry-leading cyber protection, reliability, and availability at a time when cyber threats are not only increasing in frequency and magnitude but also sophistication.”

Radware has received numerous awards for its DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions. Industry analysts such as Aite-Novarica Group, Forrester, Gartner, GigaOm, IDC, KuppingerCole and QKS Group continue to recognize Radware as a market leader in cyber security.

About Radware
Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

Safe Harbor Statement
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that cyber threats are not only increasing in frequency and magnitude but also sophistication, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

Media Contact:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com

The MIL Network –

May 2, 2025
MIL-OSI: Patria Reports First Quarter 2025 Earnings Results

Source: GlobeNewswire (MIL-OSI)

GRAND CAYMAN, Cayman Islands, May 02, 2025 (GLOBE NEWSWIRE) — Patria (Nasdaq:PAX) reported today its unaudited results for the first quarter ended March 31, 2025. The full detailed presentation of Patria’s first quarter 2025 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/.

Alex Saigh, Patria’s CEO, said: “Patria is off to a very exciting start to 2025 as fundraising totaled a record $3.2 billion, highlighting the expanded reach of our investment platforms and distribution capabilities, and putting us in a strong position to achieve our $6 billion fundraising target for the year. We also reported 1Q25 FRE of $42.6 million, or $0.27 per share, representing year-over-year growth of 21% and 16%, respectively, despite the volatility in the region. Also, FEAUM grew 6% sequentially and 46% year-over-year, and we generated over $700 million of organic net inflows, reflecting an annualized organic growth rate of 9%. While a looming trade war and rising global economic concerns create potential headwinds, we believe we are well positioned to generate the $200 to $225 million of FRE we are targeting for 2025 as the increased diversification of our platform is paying off in terms of fundraising and profitable organic growth, enhancing our confidence in the three-year targets we introduced at our Investor Day back on December 9^th.”

Financial Highlights (reported in $ USD)

IFRS results included $13.6 million of net income attributable to Patria in Q1 2025. Patria generated Fee Related Earnings of $42.6 million in Q1 2025, up 21% from $35.1 million in Q1 2024, with an FRE margin of 55.1%. Distributable Earnings were $36.8 million for Q1 2025, or $0.23 per share.

Dividends

Patria declared a quarterly dividend of $0.15 per share to record holders of common stock at the close of business on May 14th, 2025. This dividend will be paid on June 12th, 2025.

Conference Call

Patria will host its first quarter 2025 earnings conference call via public webcast on May 2^nd, 2025, at 9:00 a.m. ET. To register and join, please use the following link:

https://edge.media-server.com/mmc/p/ah6qnzkp/

For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/ shortly after the call’s completion.

About Patria

Patria is a global alternative asset management firm focused on the mid-market segment, specializing in resilient sectors across select regions. We are the leading asset manager in Latin America and have a strong presence in Europe through our extensive network of General Partners relationships. Our on-the-ground presence combines investment leaders, sector experts, company managers, and strategic relationships, allowing us to identify compelling investment opportunities accessible only to those with local proficiency. With 36 years of experience and over $45 billion in assets under management, we consistently deliver attractive returns through long-term investments, while promoting inclusive and sustainable development in the regions where we operate. Further information is available at www.patria.com.

Asset Classes: Private Equity, Solutions (GPMS), Credit, Real Estate, Infrastructure, and Public Equities

Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services

Investment Regions: Latin America, Europe and US

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words, among others. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time, including but not limited to those described under the section entitled “Risk Factors” in our most recent annual report on Form 20-F, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings.

Contact

Patria Shareholder Relations
E. PatriaShareholderRelations@patria.com
T. +1 917 769 1611

The MIL Network –

May 2, 2025
MIL-OSI: From Exchange to Ecosystem Builder: MEXC Celebrates 7th Anniversary at TOKEN2049 Dubai with $300M Ecosystem Development Fund Launch

Source: GlobeNewswire (MIL-OSI)

VICTORIA, Seychelles, May 02, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange serving over 36 million users, concluded its successful participation as an exclusive Title Sponsor at Token2049 Dubai, where the company celebrated its milestone 7th anniversary and announced a groundbreaking $300 million ecosystem development fund.

7 Years of Excellence: A Foundation for Ecosystem Expansion

The premier crypto event, which took place from April 30 to May 1, 2025 in Dubai, provided MEXC with the perfect platform to commemorate seven years of growth and innovation in the cryptocurrency space. During the celebratory “Celebra7e MEXC Cocktail Party”, Tracy Jin, COO of MEXC, delivered an inspiring opening speech highlighting the exchange’s remarkable journey.

“Seven years may sound short, but in the fast-moving world of crypto, it’s a lifetime,” Jin told attendees. “To thrive in this ever-evolving space takes resilience, vision, and trust—and we’ve only made it this far because of you.”

Jin revealed impressive growth metrics: the MEXC team has nearly doubled to 2,000 employees across Growth, R&D, and Business Support divisions. The platform now offers more than 3,000 crypto assets and has built a community of over 2.25 million Twitter followers and approximately 193,000 Telegram members.

“We’ve also hosted over 2,293 airdrop events, distributing over $136 million in rewards,” Jin added. “This is our way of thanking you for your ongoing trust and loyalty.”

$300 Million MEXC Ecosystem Development Fund Unveiled

The highlight of MEXC’s Token2049 Dubai participation was the official announcement of its $300 million Ecosystem Development Fund, signaling the company’s strategic evolution from an exchange service to a comprehensive ecosystem builder. The five-year fund represents MEXC’s commitment to fostering blockchain innovation across multiple sectors.

The fund will focus on strategic investments in public chains, stablecoins, wallets, and media platforms, providing not only financial backing but also leveraging MEXC’s exchange business cooperation to deliver enhanced value to portfolio projects. This dual approach positions fund recipients to benefit from both capital investment and operational synergies within the MEXC ecosystem.

“After seven years of market resilience, MEXC is uniquely positioned as a trusted ecosystem partner,” said Tracy Jin. “This fund represents our vision for the future of decentralized finance and our commitment to supporting the next generation of blockchain innovations.”

IgniteX: $30 Million CSR Initiative for Web3 Talent Development

Alongside the ecosystem fund, MEXC Ventures launched “IgniteX” – a $30 million, five-year CSR initiative to foster Web3 talent and innovation. The program will support early-stage startups, research, developer communities, and academic institutions, with focus on decentralized infrastructure, AI-blockchain integration, stablecoins, and fintech. IgniteX combines mentorship, education, and funding to build a future-ready ecosystem and prepare the next generation of Web3 users and leaders.

Industry Insights Shared at Panel Discussion

MEXC’s presence at Token2049 Dubai extended beyond celebrations and announcements to include thought leadership. Tracy Jin participated in a panel discussion titled “What’s Next for Crypto Markets: The Exchange Perspective” on the OKX main stage on 1 May. The discussion explored upcoming trends, challenges, and opportunities in the cryptocurrency exchange sector, with Jin offering insights drawn from MEXC’s seven years of operational experience.

During the panel, Jin emphasized MEXC’s continued focus on product innovation and market expansion while maintaining its core commitment to being “Your Easiest Way to Crypto” for users worldwide.

Successful Side Events Strengthen Community Connections

MEXC hosted multiple successful side events throughout TOKEN2049 Dubai, including the “Celebra7e MEXC Cocktail Party,” “Dao People x MEXC: VIP Party” at BIRDS, a “TR KOL Exclusive Yacht Party” aboard Xclusive Yachts, and participation in the “AFTER2049” event at Be Beach. These gatherings provided valuable networking opportunities for industry professionals, partners, and MEXC community members.

At the company’s exhibition booth, MEXC showcased its revolutionary DEX+ platform and displayed a collection of seven limited-edition anniversary merchandise items that proved popular with attendees. Throughout the conference, MEXC representatives conducted product demonstrations, engaged with visitors, and discussed potential partnerships.

Behind the scenes, Jin noted that MEXC’s service team has resolved more than 1 million user requests and recovered over $1.8 million in user assets—underscoring the company’s commitment to security and user experience.

Looking Ahead

As Token2049 Dubai concluded, MEXC’s successful participation not only celebrated its past achievements but also laid the groundwork for its future vision. The announcement of the $300 million Ecosystem Development Fund, combined with ongoing product innovations and market expansion efforts, positions MEXC for continued growth in its eighth year and beyond.

About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website | X | Telegram | How to Sign Up on MEXC

Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

Source

Contact:
Lucia Hu
lucia.hu@mexc.com

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

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8a5c052-bac1-4ead-bdd2-d6a2ed2c24dd

The MIL Network –

May 2, 2025
MIL-OSI: Precision Drilling Corporation Holding Virtual-Only 2025 Annual and Special Meeting of Shareholders on May 15

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, May 02, 2025 (GLOBE NEWSWIRE) — Precision Drilling Corporation (Precision) would like to remind shareholders that it is holding its 2025 Annual and Special Meeting of Shareholders (the Annual Meeting) on Thursday, May 15, 2025 at 10:00 a.m. MST. As previously announced, the Annual Meeting will be held in a virtual-only meeting format. The meeting format will provide all shareholders an equal opportunity to participate in the Annual Meeting regardless of their geographic location.

The Annual Meeting can be accessed by logging in online at http://meetnow.global/MWTY5VA. Registered shareholders and duly appointed proxyholders who participate in the Annual Meeting online will be able to listen to the Annual Meeting, ask questions and vote, all in real time, provided that they are connected to the internet. In all cases, shareholders must follow the instructions set out in their applicable proxy or voting instruction forms. Shareholders can vote by proxy in advance of the Annual Meeting as in prior years. Guests can listen to the Annual Meeting but will not be able to communicate or vote.

Additional information regarding shareholder participation in the Annual Meeting (including voting instructions) may be found in Precision’s Management Information Circular, dated April 2, 2025, which is available on our website (https://www.precisiondrilling.com/investors/financial-information-public-filings/). Additionally, detailed instructions for shareholders to participate in the meeting are provided in Precision’s Virtual AGM User Guide, available on our website by selecting “Investor Relations,” then “Webcasts & Presentations.”

If you have questions regarding your ability to participate or vote at the Annual Meeting, please contact Precision’s registrar and transfer agent, Computershare, at 1-800-564-6253.

About Precision

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha^TM that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen^TM suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

Additional Information

For more information about Precision, please visit our website at www.precisiondrilling.com or contact:

Lavonne Zdunich, CPA, CA
Vice President, Investor Relations
403.716.4500

800, 525 – 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com

The MIL Network –

May 2, 2025
MIL-OSI Economics: Sharing Experience, Building Tomorrow: Solutions to Complex Challenges in Asia and the Pacific

Source: Asia Development Bank

In a fast-changing and uncertain world, countries must solve complex challenges to forge a sustainable future. At ADB’s 58th Annual Meeting in Milan, Italy, a broad range of partners and stakeholders will discuss how shared solutions can deliver stability, progress, and lasting positive change in Asia and the Pacific.

MIL OSI Economics –

May 2, 2025
MIL-OSI Video: Gaza, Sudan & other topics – Daily Press Briefing | United Nations

Source: United Nations (Video News)

Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

Highlights:

– Gaza
– Occupied Palestinian Territory
– Sudan
– Democratic Republic of the Congo
– Afghanistan
– Resident Coordinator – Maldives
– Briefing Today

GAZA
In a statement today, Tom Fletcher, the Emergency Relief Coordinator, said that the hostages in Gaza must be released, but international law is unequivocal: As the occupying power, Israel must allow humanitarian support in. Aid, and the civilian lives it saves, should never be a bargaining chip, he said.
Mr. Fletcher said that the humanitarian movement is independent, impartial and neutral and believes that all civilians are equally worthy of protection. But as the UN Secretary-General has made clear, the latest modality proposed by Israeli authorities does not meet the minimum bar for principled humanitarian support.
He called on the Israeli authorities to lift this brutal blockade and let humanitarians save lives. And he told the civilians of Gaza: We won’t give up, even if the world has given you every reason to give up on us.

OCCUPIED PALESTINIAN TERRITORY
The Office for the Coordination of Humanitarian warns that humanitarian operations continue to be stifled by severe movement restrictions inside Gaza, as well as military activity and attacks that jeopardize the safety of aid workers and their premises.
Recent strikes have reportedly hit residential buildings and tents sheltering displaced people, especially in Rafah and eastern Gaza City. As of this Tuesday, our humanitarian partners estimate that more than 423,000 people in Gaza have been displaced once again, with no safe place to go.
With most commodities unavailable, attacks on humanitarian convoys and looting are increasing, including two incidents in Gaza City yesterday. This not only endangers the lives of aid workers but also disrupts their operations.
The World Health Organization and its partners report severe shortages of vital medicines and medical equipment. They also warn that acute watery diarrhea cases have risen by 4 per cent compared to previous weeks, as the weather gets warmer and hygiene conditions continue to deteriorate.
Meanwhile, our colleagues on the ground have not been enabled to retrieve remaining stocks of desperately needed fuel located in areas that require coordination with Israeli authorities. Eight out of nine such attempts have been denied by the Israeli authorities since mid-April.
Our partners working to provide child protection support warn that children – who make up half of Gaza’s population – face escalating levels of trauma, violence and neglect, as ongoing military operations, mass displacement, and funding shortages disrupt education and critical child protection services.
Meanwhile, in the West Bank, today marks 100 days since the Israeli operation in northern areas began, causing a wave of deaths, injuries, destruction and displacement. To date, some 40,000 Palestinians remain displaced and unable to return to their homes.
The UN and our partners continue to respond to the deepening needs of displaced families, including by providing food, water and sanitation assistance, health services, psycho-social support and cash assistance. Since the beginning of the Israeli forces’ operation in the northern West Bank on 21 January, and as of yesterday, nearly 7,000 families have received a first round of cash assistance.

Full Highlights: https://www.un.org/sg/en/content/ossg/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=01+May+2025

https://www.youtube.com/watch?v=gbIzhVGa3mk

MIL OSI Video –

May 2, 2025
MIL-OSI Asia-Pac: India’s Total Exports Grow by 6.01% to Reach Record $824.9 Billion in 2024–25, Up from $778.1 Billion in 2023–24:RBI Report

Source: Government of India

Posted On: 02 MAY 2025 3:12PM by PIB Delhi

India’s total exports have touched an all-time high of US$824.9 billion in the financial year 2024–25, as per the latest data released by the Reserve Bank of India on services trade for March 2025. This marks a growth of 6.01% over the previous year’s export figure of US$778.1 billion, setting a new milestone in the country’s trade trajectory.

Services exports continued to drive the growth momentum, reaching a historic high of US$387.5 billion in 2024–25, up 13.6% from US$341.1 billion in the previous year. For March 2025, services exports stood at US$35.6 billion, reflecting a year-on-year growth of 18.6% compared to US$30.0 billion in March 2024.

In 2024–25, merchandise exports excluding petroleum products rose to a record US$374.1 billion, registering a 6.0% increase from US$352.9 billion in 2023–24 — the highest ever annual non-petroleum merchandise exports.

***

Abhishek Dayal/Abhijith Narayanan

(Release ID: 2126119) Visitor Counter : 44

MIL OSI Asia Pacific News –

May 2, 2025
MIL-OSI Asia-Pac: FS to attend 58th Annual Meeting of Asian Development Bank in Milan, Italy

Source: Hong Kong Government special administrative region

The Financial Secretary, Mr Paul Chan, will depart for Milan, Italy, in the early hours of May 4 (Sunday) to attend the 58th Annual Meeting of the Asian Development Bank (ADB). The theme of this year’s meeting is “Sharing Experience, Building Tomorrow”, focusing on development issues and challenges facing the Asia-Pacific region, such as climate change, digital transformation, and promoting mutually beneficial co-operation and inclusive economic growth. Mr Chan will deliver remarks at the Governor’s Plenary.

He will also meet with the President of the ADB, Mr Masato Kanda, and financial officials from other countries and regions attending the meeting.

Mr Chan will return to Hong Kong on May 7 (local time) and arrive on the morning of May 8. During his absence, the Deputy Financial Secretary, Mr Michael Wong, will act as the Financial Secretary.

MIL OSI Asia Pacific News –

May 2, 2025
MIL-OSI Asia-Pac: India’s Creator Economy Projected to Influence Over $1 Trillion in Consumer Spend by 2030: BCG Report to be Unveiled at WAVES 2025
Source: Government of India

Posted On: 02 MAY 2025 2:33PM by PIB Mumbai

Mumbai, 2 May 2025

India’s digital landscape is undergoing a significant transformation driven by the rise of its creator economy. A new report by the Boston Consulting Group (BCG), titled “From Content to Commerce: Mapping India’s Creator Economy”, set to be launched tomorrow (3rd May 2025) at WAVES 2025 in Mumbai,will reveal that India’s creators currently influence over $350 billion in consumer spending annually — a figure expected to surpass $1 trillion by 2030.

The report highlights that India is home to 2 to 2.5 million active digital creators, defined as individuals with over 1,000 followers. Despite the scale, only 8–10% of them currently monetize their content effectively, underscoring the untapped potential of this fast-growing sector. The creator ecosystem’s direct revenues, estimated at $20–25 billion today, are projected to reach $100–125 billion by the end of the decade.

Key insights from the report will include:
- Creators influence more than 30% of consumer decisions, shaping $350–400 billion in spending today.
- The ecosystem is expanding beyond Gen Z and metropolitan centres, reaching varied age groups and city tiers.
- Short-form video remains the dominant content format, with comedy, films, daily soaps, and fashion being the most consumed genres.
- Brand strategies are evolving, with increased emphasis on faster content production, greater creative freedom, diversified consumer targeting, and outcome-based testing.
- Revenue models are diversifying, with consumer-funded avenues such as virtual gifting, live commerce, and subscriptions gaining traction.
- Brands are expected to scale up their investments in creator marketing by 1.5 to 3 times in the coming years, signalling a pivotal shift in marketing and commerce driven by the digital creator ecosystem.
The BCG report will be officially released during WAVES 2025 in Mumbai tomorrow. Discussions at the ongoing mega event WAVES 2025 on the emerging contours of AI, Social Media, AVGC Sector and Films reflect India’s expanding footprint in the Digital Media sphere.

* * *

PIB TEAM WAVES 2025 | Rajith/ Lekshmipriya/ Darshana | 141

(Release ID: 2126106) Visitor Counter : 18

MIL OSI Asia Pacific News –
May 2, 2025
MIL-OSI Asia-Pac: Ministry of I&B to release Statistical Handbook on Media and Entertainment Sector 2024-25 Tomorrow at WAVES 2025
Source: Government of India

Posted On: 02 MAY 2025 2:29PM by PIB Mumbai

Mumbai, 2 May 2025

WAVES 2025 to witness the release of Statistical Handbook on Media and Entertainment Sector 2024-25 of Ministry of Information and Broadcasting, tomorrow. This is part of Government’s affirmation of the need for timely, reliable, authentic and comprehensive data on the M&E Sector as Media and Entertainment is an important component of the service sector having huge potential to contribute to growth of the economy of the country. Media & Entertainment ecosystem is a sunrise sector expected to grow at 7% CAGR to reach 3067 billion INR in 2027 as per the latest estimate. Various policy initiatives taken and its implementation need to be backed by appropriate data to have the optimum outcome.

Keeping in view the data requirement of the Ministry and other stakeholders in the sector, the Statistical Handbook on Media & Entertainment sector 2024-25, with the updated data and information on different segments of M&E sector will be launched at WAVES 2025 tomorrow.

A few snippets from the Statistical Handbook on Media & Entertainment sector 2024-25 are as follows:
- Registered print publications soared from 5,932 in 1957 to 154,523 in 2024-25, with a CAGR of 4.99%
- A total of 130 books on various themes including Children’s literature, History and freedom struggles, personalities and biographies, Builders of modern India, Science, technology and environment and other themes have been published by Publications Division, Ministry of Information & Broadcasting during 2024-2025.
- 100% geographical coverage through DTH service by March 2025.
- Doordarshan Free Dish Channels: 33 channels in 2004 to 381 in 2025.
- All India Radio (AIR) Coverage: Provides 98% population coverage through radio as of March 2025. Number of AIR radio stations grew from 198 in 2000 to 591 in 2025.
- Private Satellite TV Channels surged from 130 in 2004-05 to 908 in 2024-25
- Private FM stations grew from 4 in 2001 to 388 by 2024.
- Information on State/UT-wise operational Private FM Radio Stations in India as on 31.03.2025.
- Community Radio Stations (CRS) surged from 15 in 2005 to 531 in 2025. Data about State/UT/District/Location wise Operational CRS in India as on 31.03.2025 are also included.
- 741 Indian feature films certified in 1983, which was increased to 3455 in 2024-25, with a cumulative total of 69,113 by 2024-25
In addition to statistical data, information on the following is also available in the Handbook:
- Awards in the film sector including International Film Festivals organized and documentaries produced by NFDC are also available in the Handbook.
- Digital Media and Creator Economy including WAVES OTT Platform, Indian Institute of Creative Technologies (IICT) and Create in India Challenge (CIC) under WAVES 2025.
- Landmark events in Information and Broadcasting Sector viz. the Press Registrar General of India (PRGI), Akashwani, Doordarshan, Private FM Radio Stations and TV-INSAT
- Skilling courses under Ministry of Information & Broadcasting.
Ease of Doing Business initiatives by Ministry of Info & Broadcasting including Transformative Portals.

* * *

PIB TEAM WAVES 2025 | Rajith/ Lekshmipriya/ Darshana | 140

(Release ID: 2126105) Visitor Counter : 22

MIL OSI Asia Pacific News –
May 2, 2025
MIL-OSI Asia-Pac: Interest rate for sixth interest payment of series of retail green bonds due 2025

Source: Hong Kong Government special administrative region

Interest rate for sixth interest payment of series of retail green bonds due 2025
According to the Issue Circular dated April 26, 2022 for the Retail Green Bonds, the sixth interest payment of the Retail Green Bonds is scheduled to be made on May 19, 2025, and the relevant interest rate is scheduled to be determined and announced on May 2, 2025 as the higher of the prevailing Floating Rate and Fixed Rate.

On May 2, 2025, the Floating Rate and Fixed Rate are as follows:

Floating Rate: +1.50 per cent (Annex)
Fixed Rate: +2.50 per cent

Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the sixth interest payment is determined and announced as 2.50 per cent per annum.
Issued at HKT 16:30

NNNN

CategoriesMIL-OSI

MIL OSI Asia Pacific News –

May 2, 2025
MIL-OSI Asia-Pac: Provisional statistics of retail sales for March 2025

Source: Hong Kong Government special administrative region

The Census and Statistics Department (C&SD) released the latest figures on retail sales today (May 2).

The value of total retail sales in March 2025, provisionally estimated at $30.1 billion, decreased by 3.5% compared with the same month in 2024. The revised estimate of the combined value of total retail sales in January and February 2025 decreased by 7.8% compared with the same period a year earlier. For the first quarter of 2025, it was provisionally estimated that the value of total retail sales decreased by 6.5% compared with the same period in 2024.

Of the total retail sales value in March 2025, online sales accounted for 8.1%. The value of online retail sales in that month, provisionally estimated at $2.4 billion, decreased by 0.5% compared with the same month in 2024. The revised estimate of the combined value of online retail sales in January and February 2025 decreased by 2.4% compared with the same period a year earlier. For the first quarter of 2025, it was provisionally estimated that the value of online retail sales decreased by 1.7% compared with the same period in 2024.

After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in March 2025 decreased by 4.8% compared with a year earlier. The revised estimate of the combined volume of total retail sales in January and February 2025 decreased by 9.9% compared with the same period a year earlier. For the first quarter of 2025, the provisional estimate of the total retail sales decreased by 8.3% in volume compared with the same period in 2024.

Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing March 2025 with March 2024, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 3.9%. This was followed by sales of wearing apparel (-10.8% in value); commodities in department stores (-5.0%); motor vehicles and parts (-46.4%); fuels (-3.9%); footwear, allied products and other clothing accessories (-7.7%); Chinese drugs and herbs (-1.0%); books, newspapers, stationery and gifts (-0.9%); furniture and fixtures (-17.3%); and optical shops (-2.7%).

On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 0.6% in March 2025 over a year earlier. This was followed by sales of commodities in supermarkets (+5.2% in value); medicines and cosmetics (+1.2%); food, alcoholic drinks and tobacco (+7.8%); and electrical goods and other consumer durable goods not elsewhere classified (+6.7%).

Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 3.8% in the first quarter of 2025 compared with the preceding quarter, while the provisional estimate of the volume of total retail sales increased by 2.2%.

Commentary

A government spokesman said that the value of total retail sales increased further in March 2025 over the preceding month on a seasonally adjusted comparison, and its year-on-year decline continued to narrow. For the first quarter as a whole, the value of total retail sales resumed an increase over the preceding quarter on a seasonally adjusted comparison.

Looking ahead, the spokesman said the sustained steady growth of the Mainland economy, the Government’s proactive efforts to boost the consumption market through promotion of tourism and mega events, as well as the increase in employment earnings will continue to support the retail sector. However, the increased level of uncertainty in the global economic outlook and the ongoing impact of the change in consumption patterns will pose challenges to the sector.

Further information

Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for February 2025 as well as the provisional figures for March 2025. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first quarter of 2025 are also shown.

Table 2 presents the revised figures on value of online retail sales for February 2025 as well as the provisional figures for March 2025. The provisional figures on year-on-year changes for the first quarter of 2025 are also shown.

Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for February 2025 as well as the provisional figures for March 2025. The provisional figures on year-on-year changes for the first quarter of 2025 are also shown.

Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.

The classification of retail establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.

These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.

The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.

Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.

More detailed statistics are given in the “Report on Monthly Survey of Retail Sales”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080003&scode=530).

Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of C&SD (Tel: 3903 7400; E-mail: mrs@censtatd.gov.hk).

MIL OSI Asia Pacific News –

May 2, 2025
MIL-OSI Asia-Pac: Fraudulent websites and internet banking login screens related to Bank of China (Hong Kong) Limited

Source: Hong Kong Government special administrative region

Fraudulent websites and internet banking login screens related to Bank of China (Hong Kong) Limited
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).

Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites or login screens concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
Issued at HKT 17:00

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CategoriesMIL-OSI

MIL OSI Asia Pacific News –

May 2, 2025

CONTACT:	Scott B. Flaherty
	Executive Vice President & Chief Financial Officer
	sflaherty@willislease.com
	561.413.0112

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