Category: Business

  • MIL-OSI: Crédit Agricole Assurances: Availability of the 2024 Universal Registration Document of Crédit Agricole Assurances

    Source: GlobeNewswire (MIL-OSI)

    Press release                                                                             Paris, April 30, 2025

    Availability of the 2024 Universal Registration Document of Crédit Agricole Assurances

    Crédit Agricole Assurances announced today the filing of its Universal Registration Document for the financial year 2024 with the Autorité des marchés financiers (the “AMF” – French Financial Markets Authority), under number D.25-0348.

    The 2024 Universal Registration Document includes:

    • the Annual financial report,
    • the Sustainability report,
    • the Report on corporate governance,
    • the information concerning the fees paid to the Statutory Auditors.

    It is available for public consultation free of charge in accordance with current regulation and may be consulted on Crédit Agricole Assurances’ website (www.ca-assurances.com/en/Investors) and on AMF’s website.

    About Crédit Agricole Assurances
    Crédit Agricole Assurances, France’s leading insurer, is Crédit Agricole group’s subsidiary, which brings together all the insurance businesses of Crédit Agricole S.A. Crédit Agricole Assurances offers a range of products and services in savings, retirement, health, personal protection and property insurance. They are distributed by Crédit Agricole’s banks in France and in 9 countries worldwide, and are aimed at individual, professional, agricultural and business customers. At the end of 2024, Crédit Agricole Assurances had more than 6,700 employees. Its 2024 premium income (non-GAAP) amounted to 43.6 billion euros.
    www.ca-assurances.com

    Press contacts
    Géraldine Bailacq +33 (0)6 81 75 87 59
    Nicolas Leviaux +33 (0)6 19 60 48 53
    Julien Badé +33 (0)7 85 18 68 05
    service.presse@ca-assurances.fr
    Investor relations contacts
    Yael Beer-Gabel +33 (0)1 57 72 66 84
    Gaël Hoyer +33 (0)1 57 72 62 22
    Sophie Santourian +33 (0)1 57 72 43 42
    Cécile Roy +33 (0)1 57 72 61 86
    relations.investisseurs@ca-assurances.fr

    Attachment

    The MIL Network

  • MIL-OSI: Self-Service Portals Emerge as a Competitive Imperative in B2B Aftersales, New Study Finds

    Source: GlobeNewswire (MIL-OSI)

    BERLIN and NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) —  Spryker, the leading composable commerce platform for global enterprises, today announces findings from a new study released in partnership with Statista+. The findings reveal that as digital-first expectations reshape the B2B landscape, there is a growing urgency for enterprises to offer Self-Service Portals (SSPs) as a core part of the aftersales experience. The study, which surveys 100 U.S.-based B2B buyers across Automotive, MedTech, Agriculture, and Industrial Manufacturing sectors, highlights a widening “SSP Opportunity Gap”—the space between buyer demand for self-service capabilities and the limited availability offered by suppliers.

    Key findings include:

    • SSPs are the second most preferred B2B aftersales channel, yet rank only fourth in actual usage.
    • 95% of buyers believe SSPs improve purchasing efficiency, with two-thirds saving 30 to 60 minutes per transaction.
    • Only 32% of non-SSP users are satisfied with their aftersales experience, compared to 86% of SSP users.
    • 88% of buyers say SSP availability influences their choice to continue purchasing from a supplier.

    “There is a real opportunity here for enterprises looking to get ahead. As B2B buyers increasingly expect seamless, digital-first experiences, SSPs move from ‘nice-to-have’ to ‘must-have,’” says Boris Lokschin, Co-founder and Chief Executive Officer at Spryker. “The study finds that 79% of buyers believe SSPs will play an important role in B2B purchasing and aftersales. That’s not just demand, it’s a clear signal that the market is shifting.”

    According to Gartner, 75% of organizations will complete their highest-revenue deals via digital channels by 2028. As organizations are pushed to increase efficiency while delivering seamless customer experiences, the urgency for digital transformation accelerates. Paired with the need to do more with less, scalable and efficient service models become essential.

    “Buyers want control and speed without sacrificing trust or performance,” says Elena Leonova, Chief Product Officer at Spryker. “With 51% of buyers facing technical issues or downtime while using SSPs, the importance of choosing a robust, enterprise-grade solution designed for stability, security, and scalability is paramount.”

    Spryker’s Self-Service Portal is designed to unify fragmented customer interactions into a single, user-friendly platform. It offers features like 24/7 account dashboards, asset and claims management, and account-specific pricing. As a one-stop shop, it supports a seamless aftersales experience, increasing efficiency, improving customer satisfaction, and driving profitable growth.

    The study dives deeper into buyer expectations across industries, the most critical SSP features, and what sets digital leaders apart in today’s B2B market. Read the full study findings here.

    Methodology
    The study, conducted by Statista+ on behalf of Spryker in March 2025, included 100 U.S.-based B2B buyers from four key industries: Automotive, MedTech, Agriculture, and Industrial Manufacturing.Data was collected through 10-minute Computer-Aided Telephone Interviews (CATI), including screen-sharing, to ensure clarity and accuracy. Participants were selected to provide a balance across industries. All respondents are involved in B2B purchasing processes and engage in aftersales transactions. The sample includes SSP users and non-users, providing a balanced view of current practices, pain points, and future expectations. Fieldwork was conducted between March 17–21, 2025.

    About Spryker
    Spryker is the leading global composable commerce platform for enterprises with complex use cases to enable growth, innovation, and differentiation. Designed specifically for sophisticated transactional businesses, Spryker’s easy-to-use, headless, API-first model enables businesses to adapt, scale, and quickly go to market while facilitating faster time-to-value throughout their digital transformation journey. As a global platform leader for B2B and B2C Enterprise Marketplaces, IoT Commerce, and Unified Commerce, Spryker has empowered 150+ global enterprise customers worldwide and is trusted by brands such as ALDI, Siemens, ZF Friedrichshafen, and Ricoh. Spryker is a privately held technology company headquartered in Berlin and New York backed by world class investors such as TCV, One Peak, Project A, Cherry Ventures, and Maverick Capital. Learn more at spryker.com and follow Spryker on LinkedIn and X.

    The MIL Network

  • MIL-OSI: XRP News: Amid Proshares XRP Spot ETF Approval News, XenDex Fills Soft Cap as $XDX Price Surges Ahead of Major Exchange Listings

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, April 30, 2025 (GLOBE NEWSWIRE) — The XDX presale phase is reaching its climax. XenDex has officially filled its soft cap, and investors are now scrambling to secure the final remaining tokens before they’re gone for good.

    As the XRP ecosystem celebrates major milestones; from Brazil’s approval of the first XRP Spot ETF, to the SEC lawsuit withdrawal, and ProShares’ XRP Futures and Spot ETF greenlight — XenDex is perfectly positioned as the go-to decentralized exchange (DEX) solution built on Ripple’s native blockchain.

    Buy $XDX Now & Earn Rewards

    With $XDX token prices now increasing and exchange listings imminent, this is the final chance to buy before wider exposure, higher prices, and a full sellout.

    Top Exchange Listings Confirmed: Global Adoption Incoming

    Once the presale concludes, $XDX will be listed on top-tier centralized exchanges, setting the stage for mass adoption and significant liquidity.

    Confirmed exchange listings include:

    • Binance
    • Gate.io
    • BitMart
    • MEXC
    • FirstLedger
    • MagneticX

    Buy XDX Before Listing On Exchange

    These listings are expected to catapult $XDX into the spotlight, and early buyers are racing to front-run the rush.

    Buy $XDX Now Before It’s Gone: https://xendex.net/presale

    What Makes XenDex Unique, And Why You Should Join The Race

    More than just another DEX, XenDex is XRPL’s first all-in-one DeFi hub, solving long-standing gaps with powerful features, including:

    • AI-Powered Copy Trading – Mirror professional traders to minimize loss and maximize profit on our DEX
    • Non-Custodial Lending & Borrowing – Borrow and lend XRP and $XDX to earn rewards on XenDex Exchange
    • Cross-Chain Trading – Seamlessly swap XRP across networks like Solana and BNB on XenDex
    • Staking & Yield Farming – Earn rewards by providing liquidity to our XenDex liquidity pool
    • DAO Governance – Vote on XenDex’s future upgrades, listings, protocol improvements, etc.

    Purchase XDX At Lowest Presale Price

    Thousands have already joined the growing XenDex community across Telegram and Twitter, buying and locking in their tokens before the presale ends and the next price increase takes effect.

    “We’ve hit our soft cap, secured major listings, and entered the final presale phase,” said a XenDex spokesperson. “From here on, the price increases and soon, availability will vanish altogether.”

    With the clock ticking, and tokens disappearing by the minute, this is your final opportunity to be part of one of XRPL’s most explosive DeFi launches.

    Join Official XenDex Communities

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

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b519307c-222b-4da1-a8cc-e176438a056b

    The MIL Network

  • MIL-OSI: Atlantic Petroleum Posts Net Profit of DKK 1,4MM for 2024

    Source: GlobeNewswire (MIL-OSI)

    Tórshavn, Faroe Islands, 2025-04-30 (GLOBE NEWSWIRE) — P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK) today announces its Annual Results for 2024. This company announcement should be read in conjunction with Atlantic Petroleum’s Consolidated Annual Report

    Highlights are:

    • The result after tax for 2024 was a net profit of DKK 1.4MM (2023: loss of DKK 20.7MM).
    • The Group had a gross profit of DKK 0MM in 2024 (2023: Gross profit of DKK 0MM).
    • Exploration expenses amounted to DKK 0.0MM in 2024 (2023: DKK 0.0MM).
    • General and administration costs amounted to DKK 2.4MM in 2024 (2023: DKK 2.3MM).
    • Loss before taxation was DKK 2.4MM in 2024 (2023: loss of DKK 20.7MM).
    • Total shareholders’ equity amounted to DKK -112.8MM at the end of 2024 (2023: DKK -115.9MM).
    • Net cash provided from operating activities amounted to DKK 0.5MM in 2024 (2023: DKK 1.7MM).
    • Cash and cash equivalents totalled DKK 0.0MM at the end of 2024 (2023: DKK 1,1MM).

    Mark T. Højgaard, CEO commented:

    The overhead costs remain at a very low-cost base. General and administration costs in 2024 were DKK 2.4MM which is slightly higher than the general and administration cost in 2023 of DKK 2.3MM.

    The main focus has been to get a solution on the bank debt from Betri Banki and the convertible debt from London Oil and Gas in Administration.

    Atlantic Petroleum reached an agreement on the 4thApril 2025 with its main creditors to reduce the Company’s debt. The total debt will be reduced by at least DKK 90MM. However, the debt restructuring is not finalized. The Directors believe that finalization of the agreed upon framework will be in place in May 2025.

    The ability of the Group to continue as a going concern is dependent on the finalization of the debt restructuring, and the cash flows generated from the interest in the Orlando field.

    Atlantic Petroleum in brief:

    Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company has subsidiaries and offices in the UK and Ireland. Atlantic Petroleum’s shares are listed on NASDAQ OMX Copenhagen.

    Further Details:

    Further details can be obtained from Mark T. Højgaard, (markh@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company’s website: www.petroleum.fo.

    Announcement no.: 5/2025

    Issued: 30-04-2025

    P/F Atlantic Petroleum
    Lucas Debesargøta 8
    P.O.Box 1228
    FO-110 Torshavn
    Faroe Islands

    Website: www.petroleum.fo

    Attachments

    The MIL Network

  • MIL-OSI USA: SBA Relief Still Available to Kansas Small Businesses and Private Nonprofits Affected by August Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Kansas of the May 30 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought occurring Aug. 6, 2024.

    The declaration covers the Kansas counties of Decatur, Gove, Logan, Rawlins, Sheridan, Sherman and Thomas.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than May 30.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to Hawaii Small Businesses and Private Nonprofits Affected by August Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Hawaii of the May 30 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought occurring Aug. 6, 2024.

    The declaration covers the Hawaii counties of Hawaii, Honolulu, Kalawao, Kauai and Maui.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than May 30.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to North Dakota Small Businesses and Private Nonprofits Affected by August Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in North Dakota of the May 30 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Aug. 6, 2024.

    The declaration covers the North Dakota counties of Adams, Bowman and Slope as well as Fallon County in Montana and Harding County in South Dakota.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than May 30.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to Colorado Small Businesses and Private Nonprofits Affected by August Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Colorado of the May 30 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought occurring Aug. 6, 2024.

    The declaration covers the Colorado counties of Adams, Arapahoe, Denver and Jefferson.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than May 30.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI: RCI BANQUE : PLACEMENT OF A 624 MILLION EURO SECURITIZATION BACKED BY GERMAN AUTO LOANS 

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE 
     
    30 APRIL 2025 

     

    PLACEMENT OF A 624 MILLION EURO SECURITIZATION BACKED BY GERMAN AUTO LOANS 

    Mobilize Financial Services Group announces the placement of a securitization backed by auto loans originated by its German branch.

    The FCT Cars Alliance Auto Loans Germany v 2025-1 has placed 611m€ of Senior notes and 13m€ of subordinated notes. These notes are rated AAA(sf) / Aaa(sf) and AAA(sf) / Aa1(sf) respectively by DBRS and Moody’s.

    The Senior tranche, with a weighted average life of 2.95 years, has a coupon(1)of Euribor 1 month + 62bps. The subordinated notes, with a weighted average life of 4.66 years, have a coupon(1) of Euribor 1 month + 90bps.

    This transaction confirms the diversified financing sources to which the company has access.

    (1) Priced at par

    Contact

    About Mobilize Financial Services  
    Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations nearly 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of Renault Group, and also for the brands Nissan and Mitsubishi in several countries.  
    With operations in 35 countries and nearly 4,000 employees, Mobilize Financial Services financed more than 1,3 million contracts (new and used vehicles) in 2024 and sold 3,7 million services. At the end of December 2024, average earning assets stood at 55,9 billion euros of financing and pre-tax earnings at 1,194 million euros.   
    Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of December 2024, net deposits amounted to 30,5 billion euros, or 50 % of the company’s net assets.   
    To find out more about Mobilize Financial Services: www.mobilize-fs.com/  
    Follow us on Twitter: @Mobilize_FS 

    Attachment

    The MIL Network

  • MIL-OSI: CEO LETTER TO SHAREHOLDERS

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, CA., April 30, 2025 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”).

    Dear Shareholders,

    As we navigate an ever-changing clean energy landscape shaped by global economic and political dynamics, I want to reaffirm our commitment to you of being both transparent and informative. My goal is to ensure you have a clear understanding of our company’s short-term objectives and long-term strategies.

    At Clean Energy Technologies, we understand the critical need for adaptability in this fast-evolving market. We are focused on positioning ourselves to capitalize on opportunities, overcome challenges, and drive sustainable growth and profitability while creating value for our shareholders.

    Being a NASDAQ-listed clean energy company is both an opportunity and a challenge, especially with limited resources in a capital-intensive industry. But we remain focused on execution, innovation, and building long-term value.

    Since our uplisting in 2023, we’ve gained better access to capital markets but truly haven’t been able to take advantage of it for various reasons. We’ve made strategic moves to tighten operations and focus on areas that align with our strengths and form synergistic strategic partnerships to expand our capabilities across multiple applications in order to scale up.

    One major milestone is our Vermont Renewable Gas (VRG) biomass waste to energy project:

    • $12M secured for construction
    • $20M long-term O&M agreement
    • CETY serving as technology provider and O&M partner

    The Vermont Renewable Gas (VRG) project serves as a model for how CETY plans to engage in future clean energy infrastructure—providing engineering, procurement, proprietary technology, and long-term operations and maintenance services. Several similar opportunities are currently in development, each with the potential to add significant value to our backlog through EPC and service agreements.

    We have successfully navigated a year-long permitting process for VRG, with all permits we believe are necessary secured except for the final sign-off from the Public Utility Commission. With the other permits secured, we are in the final stages of regulatory review and are preparing to proceed with project execution upon approval.

    We’re also growing our pipeline in heat to power and geothermal, deploying our proprietary technology into sectors like industrial manufacturing, data centers, and utilities. The $500K Qymera project secured in Q1 2025 is as a result of that. We are currently preparing our shipment to Qymera.

    In parallel, we’ve positioned CETY as a full-scope, eco-friendly energy and microgrid solutions provider by forming strategic partnerships with Metis Power and Exergy. Together, we offer integrated systems that encompass power generation, large-scale heat recovery, energy storage, and advanced energy management. As a result, we currently have multiple data center and large-scale heat-to-power project bids under consideration. These projects are capital-intensive and require financing through private equity or infrastructure funds, which can lead to longer lead times before contracts are finalized.

    Due to macroeconomic factors such as declining natural gas prices and reduced industrial demand, we expect lower near-term revenues from our natural gas activities. As a result, CETY HK will defer the commencement of the Shenzhen Gas joint venture until market conditions are more favorable.

    Tariffs are expected to affect the cost structure of our heat-to-power products at a time when we are actively focused on reducing production costs. To help mitigate these pressures, we are pursuing international manufacturing partnerships aimed at optimizing efficiency and maintaining our competitiveness in the market.

    To support these efforts, we’ve built a talented, multidisciplinary team across engineering, systems integration, procurement, and technical services—with a focus on seamless project delivery from design to commissioning.

    We continue to collaborate with project developers and private equity partners to expand our market reach. In these partnerships, CETY provides the core technology, execution capabilities, and long-term operations and maintenance services, while our partners lead on financing and asset ownership through power purchase agreement (PPA) structures.

    Here’s our strategy going forward:

    • Deliver turnkey clean energy solutions including technology, EPC, and O&M services.
    • Expand across multiple applications including power generation, waste to energy, and heat to power solutions.
    • Strengthen strategic partnerships to offer integrated microgrid and energy systems.
    • Establish captive partnerships to support developers and project financiers with the technical foundation to scale clean energy infrastructure.
    • Prioritize markets where we can lead such as industrial manufacturing, data centers, and waste-to-energy, where our proprietary technologies can deliver reliable, scalable, and cost-effective clean energy solutions.

    We remain committed to executing our strategy and building long-term value. While challenges remain, our recent developments and partnerships reflect meaningful progress toward establishing CETY as a reliable provider of clean energy technologies and solutions.

    About Clean Energy Technologies, Inc. (CETY)

    Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a rising leader in the zero-emission revolution by offering eco-friendly green energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emissions and low cost. The Company’s principal products are Waste Heat Recovery Solutions using our patented Clean CycleTM generator to create electricity. Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. Engineering, Consulting and Project Management Solutions provide expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies.

    CETY’s common stock is currently traded on the Nasdaq Capital Market under the symbol “CETY.” For more information, visit www.cetyinc.com.

    For more information, visit www.cetyinc.com.

    Follow CETY on our social media channels: Twitter | LinkedIn | Facebook

    This summary should be read in conjunction with the Company’s annual report on Form 10-K for the period ended December 31, 2024 and other periodic filings made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters located on the website of the Securities and Exchange Commission at www.sec.gov.

    Safe Harbor Statement

    This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of CETY’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “plan,” “expect,” “estimate,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Any forward-looking statement made by the Company in this press release is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Clean Energy Technologies, Inc.
    Investor and Investment Media inquiries:
    949-273-4990
    ir@cetyinc.com
    Source: Clean Energy Technologies, Inc.

    The MIL Network

  • MIL-OSI: CIC – Issuer Call Notice (Titres Participatifs)

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE “DISCLAIMER” BELOW).

    Paris, April 30th, 2025

    Notice of Early Redemption

    To : (i)      The Noteholders of the below mentioned Notes;
    (ii)      Euronext Paris
    (iii)      Fiscal Agent.

    Dear Sirs,

    Crédit Industriel et Commecial S.A.,
    €137,205,000 “Titres Participatifs” Variable Rate Notes issued on 28 May 1985 (the ‘’Notes”)

    (ISIN Code: FR0000047805)

    Crédit Industriel et Commercial S.A., (formerly “Compagnie Financière de Crédit Industriel et Commercial’’) is the issuer (the Issuer’’) of the Notes.

    In accordance with the terms and conditions of the Notes (the ‘’Conditions’’), the Issuer hereby gives notice that it is exercising in whole its right to redeem the Notes pursuant to the provision Redemption (‘’Remboursement’’) of the Listing Particulars (“Issuer Call Option”) of the Notes.

    We, the Issuer, instruct you as Fiscal Agent, to authorise the French Central Securities Depository to cancel the Notes redeemed on 28 May, 2025 (“Early Redemption Date”).

    For the purposes of the Issuer Call:

    (i) the Issuer Call Date will be 28 May, 2025; and
    (ii) the Optional Redemption Amount(s) or Early Redemption Amount excluding accrued interest is: EUR 300.68 per Denomination.

    Unless otherwise defined in this notice, capitalised terms used in this notice shall have the meaning given to them in the Listing Particulars (‘’Note d’Information’’) dated Mai, 1985, as applicable, relating to the Notes.

    Yours faithfully,

    For and on behalf of

    Crédit Industriel et Commercial

    By: Alexandre SAADA

    Duly authorised

    DISCLAIMER
    This press release does not constitute an offer to purchase, or the solicitation of an offer to sell, the Instruments in the United States, Canada, Australia, or Japan or in any other jurisdiction, including France. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this press release comes are required to inform themselves and observe any such restrictions. No communication may be distributed to the public in any jurisdiction in which registration or approval is required. No action has been or will be taken in any jurisdiction where such action would be required; CIC disclaims any liability for any violation by any person of such restrictions.

    Contacts
    Corporate Communications and Press Relations Department: +33 (0)1 53 48 26 00 – compresse@cic.fr
    Investor Relations: bfcm-web@creditmutuel.fr

    About CIC
    CIC is a leading bank in France and internationally, and the bank of one in three businesses in France. It provides nearly 5.5 million customers with a French network of nearly 1,800 branches and 20,000 employees, as well as international branches in 37 countries. In order to meet the needs of all economic players and to build up a constantly efficient offer on a daily basis, it combines financial, insurance, telephony and cutting-edge technological services with a high level of financial solidity backed by that of its parent company, Crédit Mutuel Alliance Fédérale. For more information, visit cic.fr

    Attachment

    The MIL Network

  • MIL-OSI: Evfarmer, an innovative agricultural finance company, announced its entry into the Sierra Leone market to expand its online business and support the country’s economic transformation and growth

    Source: GlobeNewswire (MIL-OSI)

    FREETOWN, Sierra Leone, April 30, 2025 (GLOBE NEWSWIRE) — Evfarmer, a global leader in innovative agricultural finance, today announced its official entry into the Sierra Leonean market, marking a significant milestone in its mission to support agricultural development and economic transformation in emerging markets. Building on this momentum, Evfarmer plans to further expand its online and offline operations within Sierra Leone, with the ultimate goal of gradually covering the entire African market. The company’s presence is expected to inject new vitality into Sierra Leone’s agricultural economy and support the transformation of local agricultural enterprises.

    As part of its strategic expansion, Evfarmer will leverage its advanced fintech platform to connect local agricultural producers with a global community of agricultural supporters and investors. This initiative will provide Sierra Leonean farmers with much-needed financial support, cutting-edge technology, and sustainable farming solutions, helping to strengthen the country’s agricultural sector and drive broader economic growth.

    Agriculture remains the cornerstone of Sierra Leone’s economy, providing employment for nearly two-thirds of the population and making a significant contribution to the country’s GDP. In recent years, the government has prioritized agricultural revitalization, investing heavily in rural development, modernization, and food security initiatives. Evfarmer’s market entry is a direct response to the government’s call for greater private sector participation in accelerating these efforts.

    “We are honored to bring our innovative financial solutions to Sierra Leone at such a critical time,” said Jessica, Manager at Evfarmer. “Our goal is to empower local farmers by providing early-stage financing that overcomes traditional banking barriers, enhancing productivity, and unlocking new economic opportunities.”

    Through its digital platform, Evfarmer enables individuals worldwide—whether corporate employees, entrepreneurs, or full-time parents—to participate in large-scale agricultural projects, earning stable returns while supporting global food production. This unique model allows agricultural supporters to invest in farm projects across multiple countries via the Internet. With Sierra Leone now part of its network, Evfarmer is fostering a mutually beneficial, resilient, and fast-growing ecosystem.

    Evfarmer’s entry into Sierra Leone underscores its commitment to promoting financial inclusion, agricultural innovation, and sustainable economic development across emerging economies globally.

    About Evfarmer
    Headquartered in London, Evfarmer Capital Limited is a multinational agricultural finance company dedicated to bridging the gap between global investors and the agricultural sector. Through sustainable, technology-driven financing solutions, Evfarmer helps farmers worldwide boost productivity, access global markets, and build stronger rural economies.

    For more information about Evfarmer’s expansion into Sierra Leone and its innovative agricultural finance solutions, visit www.evfarmer.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a50e309c-b9d8-4903-98ce-b910b68ccc0b

    The MIL Network

  • MIL-OSI USA: Murkowski Leads Bipartisan, Bicameral Push to Support Coastal Communities

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski
    04.30.25
    Washington, D.C. – Today, U.S. Senators Lisa Murkowski (R-AK) and Maria Cantwell (D-WA) joined U.S. Representatives Chellie Pingree (ME-01) and Maria Elvira Salazar (FL-27) in introducing legislation to strengthen coastal communities and the blue economy across the U.S. The bipartisan, bicameral Ocean Regional Opportunity and Innovation (Ocean ROI) Act, would direct the Secretary of Commerce to establish “Ocean Innovation Clusters,” while providing grants for their establishment, operation, and administration.
    Specifically, the Ocean ROI Act would require the Secretary of Commerce—acting through the administrator of the U.S. Economic Development Administration, and in consultation with the administrator of the National Oceanic and Atmospheric Administration (NOAA)—to designate at least one ocean innovation cluster in each of the five NOAA Fisheries regions, Gulf of America region, and the Great Lakes region. The bill would also authorize $10 million for competitive grants for cluster operation and administration to support ocean innovation clusters on the federal level.
    “A strong blue economy will require strong coordination and creativity, and that’s why I’m leading this effort to invest in our ocean clusters and take advantage of the opportunities for innovation and collaboration,” said Sen. Murkowski. “This effort doesn’t just focus on the untapped economic potential of our blue economy, but also ensures that collaboration is at the center of any conversation or effort to address the impacts of climate change on our coastal communities. By providing incentives and workspaces for Alaskans in maritime and maritime-adjacent industries, we can achieve real progress in strengthening the blue economy.”
    “From protecting orcas from vessel noise, to transitioning to a carbon-free future for our ports and maritime industry, Washington’s ocean cluster, called Maritime Blue, is working hard to solve complex challenges facing our economy. This bill would build on their success by creating a new grant program to fund ocean innovation clusters and grow Washington’s $60 billion maritime economy,” said Sen. Cantwell.
    “Ocean innovation doesn’t happen in a vacuum; it relies on strong federal partnerships and trusted scientific institutions and federal agencies. As the Trump Administration doubles down on its attacks against climate research and ocean science, it’s more important than ever that Congress step up,” said Rep. Pingree, a senior appropriator and member of the House Oceans Caucus. “The Ocean Regional Opportunity and Innovation Act is a bipartisan, bicameral effort to invest in our Blue Economy, boost ocean-based industries, and strengthen the resilience of coastal communities from the Gulf of Maine to the Bering Sea. Congresswoman Salazar, Senator Murkowski, Senator Cantwell, and I represent some of the most iconic and vulnerable coastlines in the nation. We know just how vital the ocean is to our economies, our environment, and our future. The United States should be leading the world in ocean innovation, not dismantling the partnerships that make it possible.”
    “Miami’s beautiful coasts and pristine waters provide Florida with billions in tourism and commerce every year, and I am committed to preserving them for generations to come,” said Rep. Salazar. “I am proud to reintroduce this legislation to promote Miami’s development and improve our environment through the sustainable use of our oceans. The blue economy and the opportunities it provides are growing, and there is no better place to invest the best we have in research and technology than right here in South Florida.”

    MIL OSI USA News

  • MIL-OSI USA: Chairman Mast Delivers Opening Remarks at Hearing on State Department Authorization

    Source: US House Committee on Foreign Affairs

    Media Contact 202-321-9747

    WASHINGTON, D.C. – Today, House Foreign Affairs Committee Chairman Brian Mast delivered opening remarks at a full committee hearing titled, “The Need for an Authorized State Department.”

    Watch Here

    -Remarks- 

    As I said, I called this hearing really to establish a simple fact: the State Department has many broken parts, and it’s been in many ways a broken part of our government for many years. It’s been too big. It’s had no clear mission or definition for public diplomacy, has very little command and control over the dollars that it sends across the globe. It’s spent your tax dollars in ways that would have been better if the State Department just lit the money on fire in many cases.

    Right now, more than 80% of the State Department is not authorized by Congress. That includes the Bureau of International Security and Nonproliferation, with a budget of $57 million and 247 employees; the Bureau of International Organizations, with a budget of $90 million and 370 employees; and the Bureau of Administration, with a budget of $394 million and a staff of 700.

    Now, despite 80% of it not being authorized, the State Department’s bureaus, offices, and programs continued to grow each and every year. Last year, the State Department employed more than 80,000 people across the globe. Between the year 2000 and the year 2024, the State Department’s budget grew from roughly $9.5 billion to more than $55 billion over the course of that time.

    Where did that money go? Does our foreign policy feel like it’s five times more effective as we’ve spent five times more dollars? Instead, we’ve had a State Department with plenty of duplicative programs, but again, not a clear mission and a clear outline on how to go out there and affect the missions positively on behalf of the American people and all of our interests.

    The largest operation of the State Department in any of our lifetimes was the withdrawal from Afghanistan, which was an abysmal failure. The State Department failed to plan everything from how many people would be requesting visas to how many people would be needed to process those visas and a thousand other things.

    The State Department is too big, and it’s also unaccountable because we’ve not conducted a comprehensive standalone reauthorization since 2002. It’s also prioritizing the wrong things, in my opinion. That is why we saw American dollars going out the door to foreign companies, foreign countries, foreign NGOs, and foreign adversaries like the Taliban with less oversight than it takes the average American citizen to get a driver’s license at the DMV.

    Don’t take my word for it. Listen to what the State Department’s funded with your tax dollars. Many of you heard me give lists of hundreds and hundreds of items. I’ll list just a couple: $14 million in cash vouchers for migrants at our southern border; $24,000 for a national spelling bee in Bosnia; $1.5 million to mobilize elderly, lesbian, transgender, non-binary, and intersex people to be involved in the Costa Rica political process; $20,000 for a drag show in Ecuador; $32,000 for an LGBTQ comic book in Peru.

    I would challenge anybody in here to refute that American tax dollars were not spent in this way. I don’t see anybody refuting that.

    I have hundreds of more examples of these, if not thousands. We have proof that these things happened. We have the documents. We have the photos. We have the receipts. These things are too stupid for us to try and make up, really.

    But this is not about scoring political points with each of those; otherwise, I’d give the full list. These programs were funded with American tax dollars because somewhere, some person down the line at the State Department thought that programs like that were actually public diplomacy. The spending was not life-saving. It didn’t make American citizens visiting those countries safer or American businesses operating there more prosperous or a better partner. It didn’t bring any of the countries in which the money was spent closer to America. In fact, many of these countries actively opposed what the State Department was actually doing.

    Yet State Department officials thought this was public diplomacy and exactly what America should be doing. Again, I personally disagree with that definition of public diplomacy, but we should have this debate and we should figure out what American tax dollars should and should not be used for abroad. That’s what the debate about a State Department reauthorization is all about. That’s what this hearing and a reauthorization process will accomplish.

    We need to restore command and control over the State Department so that you don’t have USAID betraying its core mission by funding an $850,000 transgender job fair in Bangladesh or $15 million in condoms to the Taliban. That did nothing to bolster America’s national security.

    Even worse, the lack of accountability allows USAID to create a bloated industry where D.C. contractors profited off sky-high overhead costs while people most in need received very little compared to what those contractors received. Even USAID admitted that just 12% of its grants went directly to local organizations.

    This lack of accountability at USAID is exactly why the agency needed to be brought back under the control of the State Department. And this is an idea that was embraced by Bill Clinton—President Bill Clinton—and President Joe Biden, and it’s a move that we should make permanent in our reauthorization bill.

    The State Department has been broken. That has been true. But it’s also our responsibility as the Foreign Affairs Committee to fix those issues permanently. Until now, the State Department has never shrunk. It’s never downsized its budget or eliminated an office or an envoy.

    President Trump, Secretary Rubio, and Doge are already making changes, and they’re looking at us to be a partner in that process. We look forward to seeing Secretary Rubio to speak to us about that later in the month, next month. The only way that we do this as authorizers in the U.S. House of Representatives is by conducting that first full comprehensive State Department reauthorization again since 2002.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Attorney General James Urges Appellate Court to Reinstate Funding for Fair Housing Organizations

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James today co-led a coalition of 20 other attorneys general in urging the U.S. Court of Appeals for the First Circuit to reinstate congressionally-appropriated funding for fair housing organizations in New York and across the country. In February, the U.S. Department of Housing and Urban Development (HUD) cancelled 78 grants for fair housing organizations that provide vital work in 33 states, including New York. These funds help housing groups investigate discriminatory housing practices, educate the public of their rights and obligations under federal and state fair-housing laws, and enforce those laws in actions brought before government agencies and in court. Attorney General James and the coalition are urging the court to reinstate a lower court’s temporary restraining order to keep the funding intact.

    “The Trump administration’s funding cuts to fair housing groups will only worsen the nationwide housing crisis,” said Attorney General James. “Fair housing groups are critical in helping states stop housing providers and lenders from discriminating against vulnerable people, and we need them now more than ever to ensure that everyone has fair access to dignified housing. I am urging the First Circuit to restore congressionally approved funding for fair housing groups so we can continue to protect access to housing for those who need it most.”

    Congress established the Fair Housing Initiative Program (FHIP) in 1988 to provide funding to private, nonprofit housing organizations that work to investigate and eliminate discriminatory housing practices and enforce state and federal fair housing laws. In February 2025, HUD suddenly cancelled 78 preexisting FHIP grants to housing organizations doing fair housing work in 33 states. The cancellations were effective immediately and with no prior warning, despite HUD being statutorily required to provide such funding.  

    A group of 66 nonprofit fair housing groups subsequently sued HUD in the U.S. District Court for the District of Massachusetts and are now calling on an appellate court to reinstate a temporary restraining order barring HUD’s action from taking effect. In their brief, the attorneys general argue that HUD’s sudden revocation of funding could result in more discrimination against families and vulnerable community members in need of housing, and will disrupt state programs that depend on collaboration with fair housing groups to root out discriminatory housing practices.

    The attorneys general assert that fair housing groups help states stop discriminatory housing practices in several ways. For example, as the brief highlights, FHIP organizations in New York routinely bring enforcement actions on behalf of disabled individuals seeking to redress discrimination in the design and construction of apartment buildings, or uncover new or previously undetected forms of discrimination, such as biases in the algorithmic models used in housing advertisements. In other states, FHIP organizations have brought enforcement actions against banks and mortgage companies after a multiyear investigation showed that foreclosed properties in Black and Latino communities were not maintained or marketed to the same standards as those in other, predominantly white communities. Housing organizations that receive FHIP funds also provide critical consultation and advocacy services for New Yorkers facing housing crises, by helping individuals access state resources, mediate disputes with landlords, and file claims with state agencies, like the New York Division of Human Rights, that investigate and adjudicate claims of housing discrimination. The attorneys general argue in their brief that without the funding from HUD, dozens of fair housing groups across the country will not be able to help tenants, report housing injustices, and stop discriminatory housing against low-income, marginalized, or disabled individuals.

    Joining Attorney General James in submitting this brief are the attorneys general of Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Hawaii, Illinois, Maine, Maryland, Minnesota, Nevada, New Jersey, New Mexico, North Carolina, Massachusetts, Oregon, Rhode Island, Vermont, and Washington. 

    MIL OSI USA News

  • MIL-OSI: Landsbankinn hf.: Financial results of Landsbankinn for the first three months of 2025

    Source: GlobeNewswire (MIL-OSI)

    • Landsbankinn’s after-tax profit during the first three months of 2025 was ISK 7.9 billion, compared with ISK 7.2 billion for the same period of 2024.
    • Return on equity (ROE) in the period was 10.0%, compared with 9.3% for the same period the previous year.
    • Net interest margin as a ratio of average total asset position was 2.7%, compared with 2.9% for the same period of 2024. The net interest margin of domestic households was 2.1%, unchanged from 2024.
    • Net interest income amounted to ISK 14.8 billion and net fee and commission income was ISK 3.0 billion. Both items are up between years.
    • The cost-income ratio was 38.7%, compared with 33.6% for the same period of 2024.
    • The total capital ratio was 23.6% at the end of the period. The Financial Supervisory Authority (FSA) of the Central  Bank of Iceland sets the total capital requirement at 20.4%.
    • In February, the Bank finalised the sale of Additional Tier 1 securities (AT1) in the amount of USD 100 million. This was the Bank’s inaugural AT1 issuance. The Bank also issued senior non-preferred bonds in the amount of NOK 500 million and SEK 1,300 million. There was considerable over-demand for the bonds.
    • The Bank’s AGM on 19 March 2025 approved payment of a dividend of ISK 18.9 billion to shareholders. Total dividend paid by the Bank since 2013 will amount to ISK 210.6 billion at the end of the year.
    • Settlement of the purchase by Landsbankinn of TM tryggingar hf. and delivery took place 28 February 2025 and the Bank has assumed operation of the company.

    Lilja Björk Einarsdóttir, CEO of Landsbankinn:
    “The Bank’s performance in the first three months of the year was solid. Profit amounted to ISK 7.9 billion and return on equity was 10.0%, compared with 9.3% in the same period last year.

    This is the first financial statement since the Bank took over operation of TM and the collaboration is off to a good start. In the first few weeks since the acquisition, significant progress has been made, including the merger of three of the Bank’s and TM’s branches, and the completion of a complex IT systems transfer. We are experiencing goodwill and interest from customers regarding these changes and will be introducing various innovations in insurance services in the near future. The joint operation of an insurance company and a bank is a good fit and offers opportunities for better and more diverse financial services. TM is included in the Bank’s financial reporting from the beginning of March, so this financial statement reflects one month of its operations. The insurance segment performed well in March, but a decline in investment assets due to volatility in capital markets led to an overall negative result.

    In Akureyri, Landsbankinn and TM have come together in new and impressive facilities at Hofsbót, in the town centre. Landsbankinn offers interconnected services across the country. In addition to an excellent app and online banking platform, customers can receive service from branch staff at 34 locations nationwide, through the Bank’s strong service centre and a chatbot capable of resolving various queries on landsbankinn.is. We see strong customer satisfaction with the Bank’s services, which we attribute directly to powerful and integrated service, fair terms and outstanding employees.

    On Monday, it was announced that international rating agency S&P had upgraded the Bank’s credit rating to the A category, from BBB+ to A-. We are thrilled with this change, as we have taken strategic steps to improve the Bank’s credit rating by improving its capital structure. In recent years, requirements for systemically important banks regarding capital structure have increased and S&P’s rating is a significant recognition of our efforts. The higher credit rating reflects the Bank’s solid access to markets, sound operation and strong capital position.

    Market volatility and global uncertainty impacted the quarter in various ways. Lending growth has slowed, both among individuals and corporates, some of which are holding off on investments and other decisions. Under such circumstances, it is reassuring to note that the overall financial position of both corporates and individuals remains strong. Uncertainty often brings opportunities as well and, during the quarter, Landsbréf completed the financing of a new ISK 15 billion private equity fund, Horn V, following the strong performance of the previous four Horn funds.

    Landsbankinn continues to offer highly competitive interest rates on both deposits and loans. The Bank’s solid operation allows us to maintain a 2.1% interest margin for households while still delivering satisfactory profitability and consistent dividends to shareholders. The Bank has the most satisfied customers among the domestic commercial banks. The Bank’s performance is sound and our team is dedicated to providing customers with excellent service. Despite a challenging external environment, the Bank is in a strong position to support Icelandic society.”

    Landsbankinn’s financial calendar

    • Q2 2025 17 July 2025
    • Q3 2025 23 October 2025
    • Annual results 2025 29 January 2026

     

    For further information contact:

    Public Relations, pr@landsbankinn.is

    Investor Relations, ir@landsbankinn.is

    Attachments

    The MIL Network

  • MIL-OSI: Viridien: Combined General Meeting and Board of Directors Meeting of April 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    Combined General Meeting and Board of Directors Meeting

    of April 30, 2025

    Paris, France – April 30, 2025

    The Combined General Meeting of Viridien, chaired by Mr. Philippe SALLE was held on April 30, 2025 in Paris. The voting results and video replay of the event will be available on the Company’s website at the following address: https://www.viridiengroup.com/investors/shareholders/general-meetings.

    The General Meeting approved all resolutions that were submitted to it and notably:

    • The statutory financial statements and consolidated financial statements for the financial year 2024;
    • Appointment of DELOITTE & ASSOCIES, in replacement of ERNST & YOUNG et Autres, as statutory auditor in charge of certifying financial statements;
    • Appointment of BDO PARIS, in replacement of MAZARS, as statutory auditor in charge of certifying financial statements;
    • The Appointment of BDO PARIS as statutory auditors in charge of certifying the sustainability information;
    • The Say on Pay resolutions on the remuneration of corporate officers;
    • The renewals of Mr. Philippe SALLE, Mrs. Anne-France LACLIDE-DROUIN and Mr. Michael DALY’s term as Director for a period of four years and the co-optation of Mrs. Amélie OYARZABAL as Director.

    The Board of Directors, at its meeting following the General Meeting, appointed:

    • Mrs. Sophie ZURQUIYAH as Chairperson and Chief Executive Officer until the end of her term of office as director at the latest, i.e. until the Annual General Meeting of 2026,
    • Mr. Philippe SALLE as Vice-Chairman and Lead Independent Director.

    The Board also noted the end of Patrick CHOUPIN’s term of office as Director representing the employees. As the Company no longer exceeds the headcount thresholds requiring the appointment of a director representing the employees, no new director representing the employees will be appointed. The Board thanks Patrick CHOUPIN for his valuable insights, bringing the employees’ view to the Board room.

    The Board of Directors therefore comprises 8 directors, of whom 87.5% are independent and 50% are women. The Board is composed of:

    • Sophie ZURQUIYAH, Chairperson and Chief Executive Officer
    • Philippe SALLE*, Vice-Chairman and Lead Independent Director
    • Michael DALY*
    • Olivier JOUVE*
    • Anne-France LACLIDE-DROUIN*
    • Colette LEWINER*
    • Amélie OYARZABAL*
    • Mario RUSCEV*

    The Board also modified the composition of its committees as follows:

    Audit and Risk Management Committee

    • Anne-France LACLIDE-DROUIN*, Chairwoman 
    • Colette LEWINER *
    • Amélie OYARZABAL*

    Appointment, Remuneration and Governance Committee

    • Colette LEWINER*, Chairwoman
    • Olivier JOUVE*
    • Mario RUSCEV*

    New Businesses and M&A Committee

    • Michael DALY*, Chairman
    • Olivier JOUVE*
    • Amélie OYARZABAL*
    • Mario RUSCEV*

    Sustainability Committee

    • Philippe SALLE*, Chairman
    • Michael DALY*
    • Anne-France LACLIDE-DROUIN*
    • Mario RUSCEV*

    Sophie Zurquiyah, Chairperson and Chief Executive Officer of Viridien:

    “On behalf of the Board of Directors, I extend our heartfelt gratitude to Philippe SALLE for his exceptional leadership and vision. His guidance has empowered the Group to undertake a bold and pivotal transformation, laying the foundation for a sustainable future. We are fortunate to have his continued presence on the Board as Vice-Chair and Lead Independent Director, which will be a precious assurance of continuity and stability.
    I would like to express my sincere gratitude to the Board of Directors for the trust they have placed in me by appointing me as Chairperson of the Board, in addition to my current role as Chief Executive Officer. This responsibility is a true honor, and I am committed to fulfilling it with determination, while awaiting the Board’s definition of a new governance structure for Viridien starting in 2026.”

    * Independent director

    About Viridien :

    Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

    Contact:
    Group General Secretary
    general.secretary@viridiengroup.com

    Attachment

    The MIL Network

  • MIL-OSI USA: Murphy Slams Trump’s First 100 Days: This Is A Story Of Incompetence, Theft, And Mind-Blowing Corruption

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy
    [embedded content]
    WASHINGTON—U.S. Senator Chris Murphy (D-Conn.) spoke on the U.S. Senate floor to deliver a scathing indictment of President Trump’s first 100 days in office. Murphy detailed the litany of corrupt acts that have defined this Administration, including the sale of White House access for the Trump family’s personal profit, manipulation of federal agencies for financial gain, and the systematic dismantling of anti-corruption safeguards.
    “This is not normal. None of this is normal. This is outlandish, this is illegal, this is unconstitutional, brazen corruption, and this is only the first 100 days. I just detailed 40 instances of mind-blowing corruption in just 40 days, capped off by an attempt to just sell access to the White House to people who put money in the pocket of Donald Trump’s personal businesses. Donald Trump wants to numb this country into believing that this is just how government works. That he’s owed this. That every president is owed this. That government has always been corrupt, and he’s just doing it out in the open. But this is not how government works. This has been the story of his first 100 days, but it’s our choice as a nation to allow it to be the story of the rest of his term. We need to expose what he is doing. We need to rally everybody, from the left to the right. Nobody in this country, whether you’re a hardened conservative or a hardened progressive, should root for the president of the United States to be enriching himself off of this position. We need to rally this nation against this corruption and bring it to an end, because if Donald Trump gets what he wants, and we just start allowing our government’s leaders to openly steal from us during the first 100 days or for the rest of his term, then I am telling you, American democracy is not going to survive.”
    Last month, he highlighted Trump’s first six weeks of corruption.
    A full transcript of his remarks can be found below:
    MURPHY: “Thank you, Mr. President. My colleagues, you’re going to hear a lot of stories about the first 100 days of President Trump’s second presidency, and indeed there are a lot of stories. There is a story of incompetence. We’re dealing with multiple measles outbreaks all across the country. There is the story about abdicating our responsibility to lead around the world – Vladimir Putin is laughing at us as Trump goes about the business of handing Ukraine to a brutal Kremlin dictator. There is the story of a transferring wealth from the poor and the middle class through massive cuts to Medicaid, to the very, very wealthy, who are asking for another massive tax cut. 
    “But I would argue, Mr. President, that the most important story to tell is a story of corruption. A story of mind-blowing, massive, scalable corruption. That story is important because we are watching the theft of taxpayer money by the decision of the Republican Party to look the other way as Donald Trump essentially monetizes at scale the White House and the powers given to him by the Constitution and the American people in order to enrich himself and his friends. And if we don’t tell this story, and if we don’t mount a national bipartisan, apolitical resistance to this thievery, to this corruption, and it becomes normalized as just a part of doing business in America, a normal facet of residents in the White House, then shame on us, because our democracy will not survive this level of corruption, grift, and graft. 
    “So I am going to try to tell the story really quickly. I’ve got two charts and it’s hard to read – these words are really small – because over the course of 100 days, there are 40, 50, 60 individual acts of precedent-breaking corruption. And that’s intentional because what President Trump is trying to do is engage in so much public corruption that you just become normalized to it, that you stop paying attention to the corruption because can it be corruption if it is just playing out in public? He’s trying to make you think that this kind of stuff happens all the time behind the scenes and now all that’s different is you are seeing it publicly. 
    “But that is not true. This is not actually how government works. And I refuse to accept that just because the corruption is happening in public, in front of the cameras for everybody to see, that we should accept it. 
    “Okay. I’m going to try to do this. I’m going to try to do this as quickly as possible. I’m just going to highlight for you maybe the 40 most egregious examples of corruption in the first 100 days, but this is just the tip of the iceberg. 
    “So, on January 6th – this is before Trump is even sworn in – Amazon, which has a ton of business before the incoming Trump White House, pays $40 million to the Trump family to license a documentary in a series about Melania Trump. Just a cash payment from a company that has huge interests before the incoming White House to the Trump family. 
    “On January 17th, a few days before Trump is sworn in – maybe the most corrupt act in the history of the White House – this is the creation of the Trump meme coin. This is just a backdoor way for anybody with business before the Trump administration to send him millions of dollars in total secret. Trump doesn’t disclose who buys the coin. He launders his income from the coin through an unregulated Chinese exchange. He promotes the coin on his social media feeds. In the first minute of trading, one buyer – and what we know is that this was likely a Chinese individual – purchases six million coins, sending the price through the roof and immediately making a ton of money for Trump, who makes money off of every transaction. Trump knows who this person is, no doubt, but American citizens do not. 
    “January 20th, he is now sworn in and he fulfills a campaign promise to the oil and gas industry. There’s a report from the campaign that says they came down to Mar-a-Lago, I think, and said ‘We’ll give you a billion dollars in campaign contributions.’ This is not me alleging this, this is an open report. The oil and gas industry says we’ll give you a billion dollars in campaign contributions if you do what we want when you are sworn in. And the day he’s sworn in, Trump issues an executive order gutting environmental rules so that the oil and gas industry can start making bigger amounts of money. 
    “On January 25th, Trump eliminates the Inspectors General, the ethics officials in government and whistleblower offices. It’s a late-night purge, so you know it’s fishy. On January 25th, 17 Inspectors General get fired, clearing the way for the president to engage in even more corruption because that’s what the Inspectors General do. They sit in these agencies and they look for corruption. Now the Inspectors General are gone. They’re just gone. 
    “But that’s not good enough because on that same day, Trump fires the head of the Office of Special Counsel. Why would you do that? Well, that office is an investigative and prosecutorial office that works to end government and political corruption and protects government employees who become whistleblowers. That office is gone now, along with all of the whistleblowers. 
    “Two days later, Trump illegally fires NLRB member Gwen Wilcox. This effectively shuts down, illegally, the NLRB for a period of time. Why is that important? Because the guys who were standing behind Donald Trump on Inauguration Day, people like Elon Musk and Jeff Bezos, they are being investigated at the moment by the NLRB for massive workplace violations. Now the NLRB is shut down, a big gift to the people who financed Donald Trump’s inauguration and stood behind him to give him political endorsement and cover on his inauguration day. 
    “On January 31st, a trend begins: enforcement actions are paused against Trump loyalists. This is Representative Andy Ogles from Tennessee. He was being investigated for illegal, or potentially illegal, loans made to his 2022 campaign. But right after Rep. Ogles introduces a bill to amend the constitution to allow Trump to serve for a third term, what happens? Trump makes the investigation go away. Because as you will see, Trump’s justice system will often look the other way if you cheat or steal but you are a friend of Donald Trump.
    “At the same time, another of Trump’s friends, his IRS nominee Billy Long, gets his donors – almost all of them have direct interest before the IRS – to pay off his six-figure campaign debt. It’s a fabulously corrupt thing to do, but it’s just all normal now. So when Trump is showing you the way, then the folks who work for him follow suit. 
    “Alright, we’ll jump to February now. February 4th. We’re into Week 2 of the Trump White House. Trump hauls the PGA and the Saudi government into the White House to broker an agreement between the two rival golf leagues so that Trump can make more money hosting golf tournaments. He’s in business with one of the entities, the Saudi-owned LIV league. In a normal world, the president of the United States wouldn’t be in business with any foreign government. But the president is, and not only is that okay, but it is also apparently okay for him to bring the golf league that he’s in business with into the White House and pressure the other golf league, the rival golf league, to cut a deal. And guess what happens? The PGA, which had long said they were not going to host events at Trump’s courses, after being hauled into the White House, looking the president of the United States in the eye – somebody they clearly have to do business with – they announce that they’re going to start allowing their tournaments to be held at Trump courses. Big benefit to Donald Trump’s personal bottom line. 
    “February 6th, two days later: Trump ends the criminal enforcement of the Foreign Agents Registration Act. Do you know what this is? You should. It requires people who are being paid by foreign governments to register. It’s no longer going to be enforced, so now members of the Trump administration can get backdoor payments from foreign governments and nobody is going to enforce the law. This isn’t theoretical. There were people who got arrested for doing this exact same thing, getting paid by foreign governments while working for the Trump administration, in term one. He wants to make sure it’s not a problem in term two, so he pauses enforcement of the actual act. 
    “Four days later, Trump eliminates the Consumer Financial Protection Bureau. This is just a magnificent present to all of his billionaire enablers because this is the agency that stops big businesses, banks, and other financial firms from ripping off consumers and now it is just shut down. 
    “The same day, DOJ drops charges against Eric Adams in a mind-blowingly public and brazen quid pro quo. Adams says he will pledge loyalty to Trump and support Trump’s political priorities in New York City, Trump drops the corruption charges against Adams. Just like the Ogles case, the door is now wide open to engage in corruption or criminality as long as you support Donald Trump. The thing that makes this one so egregious is that Adams and the White House go on TV to announce the corrupt deal. They don’t hide it. They just say that Adams is now supporting Donald Trump and we’re now going to drop the charges against him, and everybody gets the message. There’s a lot of stuff I can get away with as a corrupt official as long as I am in bed politically with Donald Trump. 
    “Same day, February 10th, DOJ pauses enforcement of the Foreign Corrupt Practices Act. This is the law that stops American companies from bribing foreign governments in order to get business. On February 10th, Trump suspends enforcement of an antibribery statute, paving the way for his friends in corporate America to start bribing foreign governments again. 
    “Two days later, the State Department forecasts that they are going to dramatically upscale the amount of money that they’re going to send to Tesla. This is the first time that Elon Musk shows up in this story. By February 12th, Elon Musk is pretty well embedded in the White House, and guess what? The State Department is now going to spend $400 million for armored Teslas – its largest expected contract in the upcoming year. 
    “February 12th, the same day, Musk infiltrates the Department of Labor and OSHA, giving him exclusive secret access to labor law violation data against him and his competitors. Unethical, corrupt, but this stuff is just happening every single day. A few days later, on February 15th and 16th, Musk now starts really testing the limits of what his boss will let him get away with. He fires a specific set of regulators at the FDA that are reviewing one of his medical products, Neuralink. The message is clear: you’ve got to do right by my applications or you risk getting the ax too. 
    “Three days later, on February 19th, Trump’s new U.S. Attorney for Washington, D.C., Ed Martin, starts to use his government power to harass Trump critics. He launches something called Operation Whirlwind and is pretty unapologetic about the fact that this is going to be an enforcement operation against anybody who just seeks to get in the way of DOGE. He doesn’t say he’s going after people who are acting illegally. He says anybody who tries to stop or protest or harass DOGE’s work is now going to be the subject of Operation Whirlwind, and he starts trolling critics of DOGE online. The U.S. Attorney for D.C. is now trolling DOGE critics online, obviously threatening criminal enforcement. 
    “You see what’s happening here? We’re 30 days into the administration, and everybody in Trump’s world, including the supposedly independent U.S. Attorneys, are getting the message: that it is now part of your job, if you work for Trump, to use your government powers to either enrich yourself or Trump or to help Trump politically. 
    “February 21st, two days later, the SEC drops a major investigation into a company called Robinhood. Why does this matter? You guessed it: this firm donated $2 million to Trump’s inauguration fund. 30 days later, the SEC drops an investigation into that firm. 
    “Put a pin in that, because you’re going to hear stories like it over and over again. 
    “Throughout February, we watched the rich guys that are surrounding Trump come up with new ways to monetize their positions. Kash Patel is a perfect example. He’s the nominee to head the FBI – maybe the most important independent bureau in the federal government – and while he’s going through that process, he is selling merchandise online ranging from T-shirts to playing cards, with the proceeds supposedly going to whistleblowers’ education and defamation cases. 
    “February 26th, news breaks that the FAA is considering giving a $2.4 billion contract to Elon Musk’s Starlink. But it’s not like a regular contract that’s up for bid. It’s a contract that was already awarded to one of Musk’s competitors, Verizon, and word leaks that the White House is thinking of just ripping the contract away from Verizon – because Verizon is not a political supporter of Donald Trump in the way Elon Musk is – and just giving it to Elon Musk. Now, that doesn’t happen. As reported, the contract has not been canceled yet. But there are regular reports of the administration still relentlessly attacking Verizon in a clear attempt to try to undermine their contract. 
    “February 27th, the next day, Trump drops a lawsuit against Capital One. Why does this matter? Capital One donated $1 million to Trump’s inauguration fund. It’s now just kind of automatic. You donate a big amount of money to Trump’s inauguration, and you can ask him for something. 
    “We’re not done. That same day, the SEC drops a lawsuit against Coinbase. You got the story now. Coinbase donated $1 million to Trump’s inauguration fund. They are now told it’s okay to keep cheating consumers. 
    “We’re not done. On February 28th, a day later, the DOJ announced that it would drop a complaint against SpaceX, Elon Musk’s SpaceX, for labor discrimination. Elon is like wait a second, all these other big donors to your inauguration are getting out of jail free, I want my get out of jail free card as well. He gets it from DOJ. 
    “We’re now into March. March 1st, a report breaks – this is maybe second to [the meme coin], the most stunning act of corruption. On March 1st, word breaks that Trump is selling meetings at Mar-a-Lago. On at least one occasion, Trump charged guests $1 million to dine with him at Mar-a-Lago. According to the same report, business leaders can secure a one-on-one meeting with the president of the United States for a $5 million payment to Donald Trump. 
    “If you were mayor of a medium-sized town and it was reported that you were selling meetings for like $200, you would be arrested. You would be run out of town. But not Donald Trump. He’s selling meetings for $5 million, according to this report. And because the corruption in this White House is daily and normal, he gets away with it. 
    “March 2nd, Trump launches a crypto reserve fund. This is going to involve government taxpayer dollars purchasing and holding a variety of digital assets in a strategic reserve fund –a move that definitely inflates and protects Trump’s investment portfolio, [which], by now, you understand, [is] very heavily dependent on crypto assets. This normally wouldn’t be a problem because normally when somebody takes a high position like president or governor or mayor, they divest from their own personal assets, or they put it all in a blind fund. Trump does none of that. He’s controlling his own assets, his family is controlling their own assets, while he makes policy that benefits himself and his family financially. 
    “On March 3rd, a really curious thing: DOJ intervenes in an obscure but open-and-shut 2020 Colorado elections case. This is the case of Tina Peters, who tampered with voting machines on Trump’s behalf in Mesa County, Colorado. She was convicted by a jury of her peers, open and shut. But because Peters is a MAGA loyalist, now DOJ, on March 3rd, said it’s going to step in and review the case because there are concerns about how it was prosecuted. This is just President Trump again clearly shielding those that violated the law to help him from consequences. 
    “Same thing, different day. No, not even a different day. This is actually still March 3rd. Yuga Labs, a blockchain company, donated $100,000 to the Trump inauguration fund. They now get in line. They get what everybody else is getting. The SEC closes an ongoing investigation into the company. 
    “On March 4th, DOGE lays off thousands of IRS employees. This is bad for a lot of reasons, but it certainly helps Trump’s Mar-a-Lago friends because the IRS now cannot enforce the law against the big, giant tax cheats in the way that it could have when it had those personnel on the books. Mar-a-Lago is celebrating. 
    “March 4th – same day – word breaks that the Commerce Department is considering changes to this very specific rural broadband program and who’s eligible. Why? Because Elon Musk wants to dominate that program. Under the program’s original rules, Starlink was capped at $4.1 billion. This curious change now will allow Elon Musk’s company, Starlink, to receive between $10 billion and $20 billion from the rural broadband program. 
    “This is like a broken record, but six days later, the CFPB – which is basically shut down but exists in name only – drops a lawsuit against the Bank of America and J.P. Morgan. Bank of America donated $500,000 to the inauguration. J.P. Morgan donated $1 million to the inauguration.
    “On March 11th, a day later, Trump and Musk hold this now very well-known advertisement for Tesla on the White House lawn. This is just taxpayer dollars used to support the personnel at the White House and the White House being used to sell cars for Elon Musk, and the message again is pretty simple here: if you are loyal to me, and you pay any kind of price for your loyalty to me, I will use government resources to help you, to get you out of trouble, even including free advertising. 
    “On March 19th – we’re eight days later – the GEO Group donated $500,000 for Trump’s inauguration fund. This is a private prison company, and the NLRB drops its investigation into this company. It’s really getting disgusting at this point. I don’t know that there’s anybody left that made a major donation to the inauguration fund that has not gotten their favor from Donald Trump. 
    “On March 24th, the Treasury Department guts something called the Corporate Transparency Act. This is the regulation that requires businesses to reveal their true owners to the government. These new rules now make it easier for billionaires to hide money, to avoid taxes, to engage in corruption – less accountability for corporations. 
    “March 25th, a day later, the SEC reduces, from $125 million to $50 million, an existing fine. So, this has already been litigated: this company, Ripple, it’s a blockchain-based digital payment company. It’s been fined, and Trump comes in and reduces the fine from $125 million to $50 million. You know the story by now. These guys made a big investment in the inauguration. Most of these companies that got a get-out-of-jail-free or had their investigations terminated were giving $500,000, $1 million. Ripple wanted to make sure they got it right. They made a $5 million donation to Trump’s inaugural fund, and they got their fine reduced by $75 million. 
    “March 28th, Trump pardons the founder of Nikola Autos, one of his campaign mega donors. Again, this is a pardon for one of his major campaign contributors. When asked about the pardon, Trump said ‘They say the thing they did was wrong, but he was one of the first people who supported me for president.’ He just tells you what he did. He said, ‘yeah, they said what he did was wrong, he did something that was probably pretty wrong, but he supported me for president, so I’m giving him a pardon.’ I’m not saying that there hasn’t been a lot of really bad stuff that’s happened in the pardon program under Democratic and Republican presidents, but let’s just name it when Donald Trump names it. 
    “April 8th, we’re into April. Trump issues an executive order to expand coal mining. This is part of his down payment on the promise he made to those oil executives. The shares of the company owned by Joseph Kraft, the billionaire coal magnate who helped lead those Trump fundraising efforts during the presidential campaign, immediately shoots up.
    “On April 9th, this really curious timeline of events plays out, in which Trump posts on his social media, ‘This is a great time to buy.’ A lot of his followers complied; they make investments in the market. There’s reports and speculation that many of his inner circle might have done the same thing, and then a couple hours later, he announces that he’s pausing most of his tariffs, and the market shoots up. People who followed his directions online make a lot of money, and potentially other people who had access to that insider information might have made a lot of money as well. 
    “On April 17th, Musk steers billions of taxpayer dollars to something called the Golden Dome. Reuters, on April 17th, reports that Elon Musk’s rocket and satellite company, SpaceX, has emerged as the frontrunner to develop Trump’s proposed Golden Dome. This is a really ill-defined, technologically unproven defense system. It supposedly has a price tag of hundreds of billions of dollars, money that now looks as if it will be funneled directly to Elon Musk. At this point it is just head-shaking.
    “On April 23rd, now it’s like he can do anything he wants. He has just blown the lid off of any expectations about what a president can and cannot do to enrich himself. On April 23rd, a message appears on the homepage of the website for Trump’s meme coin declaring that the top 220 meme coin holders would be invited for an exclusive dinner with Trump and the top 25 coin holders – these are private investors in Donald Trump’s financial empire–would get a special VIP tour of the White House. After the message went up, the price of Trump’s coin jumped by more than 50%. In the two days following the announcement of the special VIP tour in the people’s house, the White House, Trump and his allies made nearly a million dollars in trading fees alone. They are just selling access to the White House out in the open.
    “April 26th, Trump’s family, this is just last weekend, announces the launch of a private club called the Executive Branch, a new private club in Washington. The initiation fee is around half a million dollars. It is advertised as a place where you can hold secret audiences with the Trump administration, as long as you pay Donald Trump’s family and their financial backers over $500,000 in membership fees. It is apparently already sold out.
    “This is not normal. None of this is normal. This is outlandish, this is illegal, this is unconstitutional, brazen corruption, and this is only the first 100 days. I just detailed 40 instances of mind-blowing corruption in just 40 days, capped off by an attempt to just sell access to the White House to people who put money in the pocket of Donald Trump’s personal businesses. 
    “Donald Trump wants to numb this country into believing that this is just how government works. That he’s owed this. That every president is owed this. That government has always been corrupt, and he’s just doing it out in the open. But this is not how government works. This has been the story of his first 100 days, but it’s our choice as a nation to allow it to be the story of the rest of his term. We need to expose what he is doing. We need to rally everybody, from the left to the right. Nobody in this country, whether you’re a hardened conservative or a hardened progressive, should root for the president of the United States to be enriching himself off of this position. We need to rally this nation against this corruption and bring it to an end, because if Donald Trump gets what he wants, and we just start allowing our government’s leaders to openly steal from us during the first 100 days or for the rest of his term, then I am telling you, American democracy is not going to survive.
    “I yield the floor.”

    MIL OSI USA News

  • MIL-OSI USA: Passed by Senate Commerce Committee: Fischer’s Bill to Strengthen U.S. Telecommunications Against Foreign Adversaries

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer

    FACT Act now eligible for Senate Floor vote

    Today, U.S. Senator Deb Fischer’s (R-Neb.) legislation to strengthen American telecommunications against foreign adversaries passed out of the Senate Commerce Committee. The Foreign Adversary Communications Transparency (FACT) Act now awaits consideration on the Senate floor. Fischer introduced the bill in January of this year. 

    If signed into law, the FACT Act would require the Federal Communications Commission (FCC) to publicly identify entities that hold FCC licenses, authorizations, or other grants of authority that are owned, wholly or partially, by foreign adversarial governments. This includes the governments of China, Russia, Iran, and North Korea. In addition to Fischer, the legislation is cosponsored by U.S. Senators Jacky Rosen (D-Nev.), John Cornyn (R-Texas), and Ben Ray Luján (D-N.M.).

    “We cannot let authoritarian and adversarial regimes like China and Russia continue to have silent footholds in our tech and telecommunications markets. My bill will direct the FCC to evaluate the communications risks foreign ownership ties pose to America’s national securityand ensure that we can respond to these threats. I’m grateful a bipartisan group of my colleagues voted yes on this legislation, and I look forward to its passage on the Senate Floor,” said Fischer.

    “We must protect our nation in every way we can from global adversaries who are trying to hack our systems and access our information. I’m glad to see that our bipartisan bill to help protect our telecommunications systems from adversarial nations, including China, Russia, and Iran, passed out of committee today. I’ll keep pushing to secure our networks and strengthen our national security,” said Rosen. 

    Click here to view Fischer’s remarks in support of her FACT Act in today’s hearing.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: At Hearing, Warren Secures Commitment From Defense Nominee to Support AI Competition and Innovation in Defense Contracting

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    April 30, 2025

    Cadenazzi “thrilled” to work with Warren to stop anticompetitive practices in AI industry 

    Senator Warren plans to reintroduce the bipartisan Protecting AI and Cloud Competition in Defense Act 

    Video of Exchange (YouTube)

    Washington, D.C. – At a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.) secured a commitment from Mr. Michael P. Cadenazzi, nominee to be the next Assistant Secretary of Defense for Industrial Base Policy, to stop anticompetitive practices by Big Tech that could threaten our national security.

    Senator Warren explained that federal agencies should benefit from innovation in the artificial intelligence (AI) sector, but instead, a few Big Tech companies could lock the government into expensive, anticompetitive products. She highlighted lessons from recent White House guidance on the federal acquisition of artificial intelligence (AI) tools, explaining that the guidance could provide valuable takeaways to make sure Big Tech companies do not lock the government into expensive, anticompetitive products.

    This month, the Office of Management and Budget (OMB) issued a memo on “Driving Efficient Acquisition of Artificial Intelligence in Government.” The memo laid out guidance on proper practices, such as vendor lock-in protections and prohibiting the use of classified agency data. 

    Though the guidance does not apply to the Department of Defense (DoD), Mr. Cadenazzi agreed with OMB’s guidance on interoperability and believes “it’s a great thing for the [DoD] to secure.” Cadenazzi also said he’d be open to working with Senator Warren to limit contractors from training their commercial tools on government data. 

    Next week, Senator Warren plans to reintroduce the Protecting AI and Cloud Competition in Defense Act with Senator Eric Schmitt (R-MO.). Senator Warren previously introduced the bipartisan act to ensure that the DoD’s procurement of artificial intelligence (AI) and cloud computing tools prioritizes resiliency and competition, offering meaningful regulation to limit Big Tech monopolies from elbowing out competitors in the AI and cloud computing markets.

    “[G]overnment contracts for AI and cloud tools should, one, prevent lock-in and, two, protect government data,” said Senator Warren.

    “[A]rtificial intelligence represents the most promising capabilities for transformational productivity and impact of the department. I would be thrilled if confirmed to work with you and Senator Schmidt on this issue,” said Mr. Cadenazzi of the bill reintroduction. 

    Transcript: Hearing to examine the nominations of Michael Cadenazzi, of Rhode Island, to be an Assistant Secretary of Defense, and Scott Pappano, of Pennsylvania, to be Principal Deputy Administrator, National Nuclear Security Administration
    Senate Armed Services Committee
    April 29, 2025

    Senator Elizabeth Warren: Thank you, Mr. Chairman. 

    Artificial intelligence presents big opportunities—and big risks—to national security. Federal agencies should benefit from AI innovation, but instead, a few Big Tech companies could lock the government into expensive, anticompetitive products.

    I’m working with Senator Schmitt on this, and last month, the Office of Management and Budget published guidance to ensure the government can “benefit from a competitive American AI marketplace.” The guidance doesn’t apply to DoD but is all the more important there given the billions DoD is set to give out in AI and cloud contracts. So today, I’d like to run through some lessons from OMB’s guidance.

    Number one: “interoperability.” A Big Tech contractor could build its cloud tool to work only with its own AI—which would trap DoD into paying sky-high prices, potentially for a subpar product. That’s why OMB encouraged agencies to require AI tools to work with other companies’ products.  

    Mr. Cadenazzi, do you agree that DoD would benefit from interoperability?

    Mr. Michael P. Cadenazzi: Senator, I appreciate the question. I’m not familiar with the term “interoperability” as defined in that particular report. But more broadly, in general, yes, it’s a great thing for the department to secure.

    Senator Warren: Okay, good. I’m going to take that as a yes, that you think the product should be able to work with other products. Work in connection.

    Mr. Cadenazzi: In general, more connectivity and flexibility to enable a networked approach is a good thing. 

    Senator Warren: Good. Okay, we’re at the same place then. Let’s do another: data use. The biggest AI contractors can also stomp out competition by training their models on troves of government data, so smaller companies don’t stand a chance. This is a disaster for competition and for data security. Data on the location of our service members or of DoD’s contracts shouldn’t be anywhere near a commercial AI model, for example. 

    The White House is clear here: it says contractors should not use government data to train publicly or commercially available AI algorithms without an agency’s permission. 

    So, Mr. Cadenazzi, do you agree it’s important for both competition and data security to limit contractors from training their commercial tools on government data? 

    Mr. Cadenazzi: Senator, I appreciate the question, and in general, yes, I’d say we want to make sure we’re following the law with regard to the application of these tools.

    Senator Warren: No, that’s not my question. This is not a question of law yet. This is just a question of what we should be doing in our acquisitions at DOD. 

    Mr. Cadenazzi: Senator, I’m not familiar with the White House’s particular guidance on this issue, but as you laid it out, it seems to make sense, and I would be supportive of discussing that with you if confirmed.

    Senator Warren: Okay. Look, government contracts for AI and cloud tools should, one, prevent lock-in and, two, protect government data. That’s all we’re talking about here. Senator Schmitt and I have a bipartisan bill to make sure DoD contracts do just that. Next week we will re-introduce the Protecting Cloud and AI Competition in Defense Act to make sure billions in DoD contracts go towards fueling innovation in AI and cloud technology – and not just helping the biggest companies get bigger on the taxpayer’s dime. 

    Mr. Cadenazzi, will you commit to working with me and Senator Schmitt to stop anticompetitive practices by Big Tech that could threaten our national security?  

    Mr. Cadenazzi: Senator, artificial intelligence represents the most promising capabilities for transformational productivity and impact of the department. I would be thrilled if confirmed to work with you and Senator Schmidt on this issue.

    Senator Warren: That looks good. I look forward to working with Senator Schmidt and with you and all of the members of this committee. I think we could make some real progress here. Thank you, Mr. Chairman.

    MIL OSI USA News

  • MIL-OSI: Exosens: Availability of documents and information relating to the Combined General Meeting of 23 May 2025

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE
    MÉRIGNAC, FRANCE – 30 APRIL 2025

    EXOSENS ANNOUNCES THE AVAILABILITY OF DOCUMENTS AND INFORMATION RELATING TO THE COMBINED GENERAL MEETING OF 23 MAY 2025

    Shareholders of Exosens (the ‘Company’) are invited to attend the Combined General Meeting (ordinary and extraordinary) to be held on Friday, 23 May 2025 at 10 a.m. at Apostrophe, 83 avenue Marceau, 75016 Paris, France.

    The meeting notice, including the agenda and the text of the proposed resolutions, was published in the Bulletin des Annonces Légales Obligatoires (BALO) No. 47 on 18 April 2025. The notice of meeting will be published in the Bulletin des Annonces Légales Obligatoires (BALO) No. 54 on 5 May 2025 and in a legal gazette : Echos-judiciaires.com. The procedures for participating and voting at this Combined General Meeting are set out in these notices.

    Shareholders may consult and download the information and documents provided for in Article R.22-10-23 of the French Commercial Code relating to the Combined General Meeting on the Exosens website at the following address: www.exosens.com (section Investors/General Meeting of Shareholders).

    Documents that must be made available to shareholders in connection with General Meetings will be available at Exosens’ registered office, Domaine de Pelus 18 Avenue de Pythagore Axis Business Park Bat 5e 33 700 Mérignac, France, in accordance with the applicable legal and regulatory provisions.

    Any shareholder may inspect these documents at Exosens’ registered office or send a request by email to the following address: investor.relations@exosens.com during the 15 days preceding the date of the General Meeting.

    About Exosens

    Exosens is a high‐tech company, with more than 85 years of experience in the innovation, development, manufacturing and sale of high‐end electro‐optical technologies in the field of amplification, detection and imaging. Today, it offers its customers detection components and solutions such as travelling wave tubes, advanced cameras, neutron & gamma detectors, instrument detectors and light intensifier tubes. This allows Exosens to respond to complex issues in extremely demanding environments by offering tailor‐made solutions to its customers. Thanks to its sustained investments, Exosens is internationally recognized as a major innovator in optoelectronics, with production and R&D carried out on 11 sites, in Europe and North America, and with over 1,800 employees. Exosens is listed on compartment A of the regulated market of Euronext Paris ﴾Ticker: EXENS – ISIN: FR001400Q9V2﴿. Exosens is a member of Euronext Tech Leaders segment and is also included in several indices, including the SBF 120, CAC All-Tradable, CAC Mid 60, FTSE Total Cap and MSCI France Small Cap. For more information: www.exosens.com.

    Investor relations

    Laurent Sfaxi, l.sfaxi@exosens.com

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    The MIL Network

  • MIL-OSI: KBC Group: DIVIDEND ANNOUNCEMENT

    Source: GlobeNewswire (MIL-OSI)

    KBC GROUP
    Naamloze Vennootschap (company with limited liability)
    Havenlaan 2 – 1080 Brussels
    VAT BE 0403.227.515 (RPL Brussels)
    www.kbc.com

    DIVIDEND ANNOUNCEMENT

    Communication of 30 April 2025 at 18:00

    The Annual General Meeting of 30 April 2025 has decided to pay a gross dividend of 4.85 euros per share for the financial year ending on 31 December 2024. Further to the payment of two interim dividends in the sum of respectively 0.70 euro per share on 15 May 2024 and 1 euro per share on 14 November 2024, the gross final dividend will be 3.15 euros per dividend entitled share (2.205 euros after the deduction of 30% withholding tax).

    Relevant dates are:

    • Ex-coupon date: 6 May 2025
    • Record date: 7 May 2025
    • Pay date: 8 May 2025

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    The MIL Network

  • MIL-OSI: Pando to Showcase its AI Agents at Gartner® Supply Chain Symposium/Xpo™ 2025

    Source: GlobeNewswire (MIL-OSI)

    • Pando was recognized as a Visionary in the 2025 Gartner®Magic Quadrant™ for Transportation Management Systems
    • The company will provide product demonstrations of their advanced AI agents at booth #826

    ORLANDO, Fla., April 30, 2025 (GLOBE NEWSWIRE) — Pando, the leading supply chain AI company, today announced their attendance at the Gartner Supply Chain Symposium/Xpo™, the world’s most important gathering of Chief Supply Chain Officers (CSCOs) and supply chain executives, on May 5-7, 2025 in Orlando, Fla. Pando, who was recently recognized as a Visionary in the 2025 Gartner Magic Quadrant for Transportation Management Systems, will provide product demonstrations in booth #826.

    Pando’s technology, specifically the company’s suite of advanced AI agents, Pi, helps customers navigate the growing complexities of today’s supply chain, including the newly imposed and ever-changing tariffs. Powered by the company’s proprietary Logistics Language Model® (LLM), Pando’s AI agents are deployed globally at Fortune 50 companies to replace staff and software in logistics management.

    “Customers are looking for ways to keep their costs down as they navigate today’s geopolitical uncertainty and resulting supply chain disruptions,” said Nitin Jayakrishnan, co-founder and CEO of Pando. “Pando enables customers to reduce tools & headcount with AI agents that can make complex decisions faster and identify the most cost-effective alternatives, ultimately saving costs in more ways than one. We believe that Pando’s AI agents, customer-centric solutions, and quick time to value are why we are positioned as a Visionary in the Gartner Magic Quadrant for TMS.”

    The Gartner Supply Chain Symposium/Xpo™ provides unparalleled learning and networking opportunities with some of the largest names in the supply chain industry, and equips leaders with the tools needed to prepare for supply chain volatility, risk, and disruption.

    For more information on Pando and its offerings, please visit https://pando.ai

    Gartner, Magic Quadrant for Transportation Management Systems, Brock Johns, Oscar Sanchez Duran, et al., 24 March 2025

    GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT, Supply Chain Symposium/Xpo are a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

    ​​Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About Gartner Supply Chain Symposium/Xpo
    Gartner Supply Chain Symposium/Xpo is the premier gathering of trailblazers, thought leaders and industry experts pushing the boundaries of supply chain. Future-Focused. Value-Driven. Uncover the latest supply chain insights and solutions with experts, CSCOs, peers and service providers. Take three days to step away and discover inspiration, innovation and actionable insights necessary to drive future strategic and financial success. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

    About Pando
    Pando is a global leader in AI-powered logistics technology and offers AI agents for logistics, enabling manufacturers, distributors, and retailers to automate their logistics operations to build agility, control freight spend, and reduce carbon footprint. Trusted by Fortune 500 enterprises with global customers across North America, Europe, and Asia Pacific regions, Pando is pioneering the future of autonomous logistics with cutting-edge AI capabilities.

    Pando is recognized by the World Economic Forum (WEF) as a Technology Pioneer, by G2 as a Market Leader in Freight Management, and named one of the fastest-growing technology companies by Deloitte

    Media Contact
    Courtney Meints
    Skyya PR for Pando
    +1 651-329-9098
    pando@skyya.com

    The MIL Network

  • MIL-OSI: BNP PARIBAS SA: Disclosure for G-SIIs indicators as of 31 December 2024

    Source: GlobeNewswire (MIL-OSI)

    Paris, 30 April 2025

    Global systemically important institutions (G-SIIs) indicators for BNP Paribas Group as of 31 December 2024 are presented hereafter according to European Banking Authority (EBA) Implementing Technical Standards.

    The Basel Committee on Banking Supervision (BCBS) assesses the systemic importance of banks in a global context.

    The measurement approach of the global systemic importance is indicator-based. The methodology is outlined in “Global systemically important banks: updated assessment methodology and the higher loss absorbency requirement”(1).

    The indicators provided hereafter are calculated based on specific instructions by the BCBS and thus may be not directly comparable against other disclosed information. It has to be noted that BCBS instructions are based on the regulatory, not the accounting consolidation scope.

    (1) These documents are available at https://www.bis.org/bcbs/gsib/

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    The MIL Network

  • MIL-OSI Economics: New FERC-NERC Report Details Increased Resiliency of Natural Gas Systems During Recent Winter Weather Events

    Source: Independent Petroleum Association of America

    Headline: New FERC-NERC Report Details Increased Resiliency of Natural Gas Systems During Recent Winter Weather Events

    New FERC-NERC Report Details Increased Resiliency of Natural Gas Systems During Recent Winter Weather Events

    WASHINGTON, D.C., April 17, 2025 – The Natural Gas Council (NGC), whose members represent the full natural gas value chain, welcomed a new joint report from the Federal Energy Regulatory Commission and North American Electric Reliability Corporation recognizing the strong performance of the nation’s natural gas system during recent winter weather events and periods of record demand.

    The report finds that the natural gas market was able to meet record demand, with natural gas infrastructure – including wellheads, gathering, processing, pipeline transportation, and local gas distribution – performing well during the January 2025 arctic events. Moreover, the natural gas system appears to have experienced fewer disruptions than during Winter Storms Uri (2021) and Elliott (2022) and did not have widespread freezing, mechanical, or production loss issues. The report highlights several factors that contributed to the overall performance, including advanced preparations, incorporating lessons learned from past storms, diversity of fuel supplies, and natural gas storage. More specifically:

    • “Natural gas entities appear to be showing continuous improvement from prior winter storm experiences on their cold weather performance, preparations, and communications.”
    • “Not only were the production losses lower compared to prior winter storms, but the duration of the losses was much shorter compared to prior winter storms.”
    • “Interstate natural gas pipelines appear to have issued more proactive and more frequent notices, including Operational Flow Orders (OFOs) to communicate with their customers and the electric industry stakeholders; pipeline personnel also participated in their situational awareness calls to better coordinate on natural gas inventories, compressor station availability, and pipeline readiness.”
    • “VACAR South noted it benefited from the Mountain Valley Pipeline, which reached full capacity in January 2025 for the first time since it became operational in June 2024. VACAR South indicated that the pipeline played a crucial role in maintaining reliable electric supply during this high demand period by sustaining stable pipeline pressure.”

    The report also highlighted how the natural gas system supported record-breaking demand of over 150 Bcf/day at the peak of Storm Enzo. This number is 9.5% above peak consumption during the 2014 Polar Vortex. Also, the report shows that during Winter Storm Enzo, natural gas generation provided a record additional 122 GW above what has typically been observed for typical winter hours (291 GW compared to 169 GW), more than any of the previous winter storms.

    The results of the FERC-NERC report are consistent with the findings from PJM’s recently released winter assessment. PJM stated in its operational assessment that the “[g]eneral consensus is that the upstream gas sector (producers, gatherers, and processors) has ramped up their winter preparedness and equipment winterization efforts since Winter Storm Elliott.

    The U.S. natural gas market began 2025 in record territory: January was the coldest in more than three decades, based on gas-weighted heating degree days (HDDs). As of January 28, cumulative HDDs for the lower-48 states totaled 982, making it the fifth highest since 1982 and the highest since 1994. Additionally, the recent Arctic blast pushed lower-48 natural gas demand to an all-time high. (See AGA’s Natural Gas Market Indicators for January 30 here.)

    The NGC would also like to recognize the efforts of regional operators that took steps to provide gas fired generators with a better opportunity to prepare and make their natural gas arrangements in advance of the winter weather through early commitments and improvements in load forecasting. Actions that increase the ability of generators to procure supply in advance of winter events greatly enhances generator fuel availability.

    Although the increased focus on natural gas system reliability has been very successful, as evidenced by the performance outlined in this report, the U.S. energy system continues to be stretched to its limits. Natural gas infrastructure will need to stay apace to continue to reliably meet growing demand from AI data centers, crypto mining, and electrification.

    ###

    The Natural Gas Council was formed in 1992, uniting all sectors of the natural gas industry to work together toward common goals. The five full members of the Council — the American Gas Association, the American Petroleum Institute, the Interstate Natural Gas Association of America, the Independent Petroleum Association of America and the Natural Gas Supply Association — collectively represent nearly all the companies that produce, transport and distribute natural gas consumed in the United States. Leadership of the NGC rotates annually.

    MIL OSI Economics

  • MIL-OSI Global: Informal workers in Ghana’s chop bars get no benefit from foreign aid: donors are getting it wrong

    Source: The Conversation – Africa – By Matteo Rizzo, Senior Lecturer in Development Studies, SOAS, University of London

    Informal street food caterers, popularly known as chop bars, are a key feature of Ghanaian city life. They offer the urban poor the cheapest food.

    A 2016 survey by the Food and Agriculture Organization estimated there were about 3,300 chop bars in the capital, Accra, employing almost 4,300 workers. This figure is likely to be much higher now due to rapid urban growth in the last decade. Ghana’s urban population increased from 50.9% in 2010 to 56.7% in 2021. By the same year the Greater Accra region was home to 91.7% of the urban population in the country.

    Street food caterers in Accra face a number of problems, including insecurity of land tenure, inadequate knowledge of food hygiene, harassment from local authorities, cut-throat competition, and low returns from work.

    Foreign donors have over the years stepped in to attempt to address these problems. A flagship of this assistance has been a programme funded by Danish trade unions and the Danish Federation of Small and Medium-sized Enterprises. Under its aegis, Ghana’s Trades Union Congress was able to support workers in chop bars.

    Drawing on our expertise on trade unions in Ghana and on the informal economy, we assessed the effectiveness and strategic relevance of this aid.

    The aid focused on entrepreneurial skills and micro-credit. This overlooks some of the real problems in the sector. It leaves wage workers in a precarious position and does nothing to boost demand for what the sector supplies. We argue that to be more effective, foreign aid should address these gaps.

    Entrepreneurial pipe dreams

    Increased donor attention to workers in the informal economy and trade unions could be seen as a positive trend. After all, this is where the majority of workers in African cities are to be found. Ghana’s official statistical service places the size of the country’s informal sector between 70% and 80% of the working populace in its reports from 2024.

    However, close examination of the type of support given, and its results, yields a more sobering picture.

    Aid focused firstly on capacity building and entrepreneurship. This aimed at boosting skills such as financial literacy and capacity to care for customers. The programme’s own evaluation highlights the increased confidence that chop bar operators gained through this training. Important as this might be, increased confidence can do very little to overcome structural challenges, like intense competition in an oversupplied sector and the insecurity of land tenure.

    A second area of support was the provision of micro-credit via the Trades Union Congress (Ghana). One could argue that it boosted the creditworthiness of informal economy operators. But there is evidence, including our study, that credit can often result in a spiral of debt and “poverty finance”.

    Donors chose to focus on small-scale entrepreneurs as the only economic actors in the informal economy. This reflects an ideological, and market fundamentalist, understanding of the informal economy as inhabited only by small enterprises and self-employed workers, and the challenge as one of making the market work better for the poor.

    The blind spots of donors’ support to the informal economy

    This approach by donors neglects informal and highly precarious wage workers within the chop bar sector. Our research shows that the chop bar industry is stratified in terms of class. Within it, alongside genuine self-employed workers, there are people who own relatively small-scale capital (cooking assets and in some cases the land and buildings in which the bars are based) and who employ informal wage workers.

    The informal workforce is by and large made up of migrant female workers with relatively low education and skill. They work without contracts, for very long hours and very low wages, and face the risk of sudden dismissal and harassment from employers. Such poor working conditions stem from the lack of contracts, and of the rights that come with them. This is the weakest category of workers in the industry – yet they have no place in donors’ and trade unions’ activities to support workers.

    The main limitation of donors’ aid to the chop bar sector is that it focuses exclusively on supply-side interventions. It is based on the idea that improving skills and access to finance will result in increased demand for the services of small-scale entrepreneurs. Many aid programmes on employment make this mistake and suffer from so called “employment dementia” .

    This type of aid doesn’t ask where the stimulus to increase demand for street food will come from, or what the structural roots of urban employment challenges are. It doesn’t consider why African cities have large informal economies and poor-quality jobs.

    Aid priorities

    Donors should re-think their aid priorities, and put informal wage workers at their centre. This would entail moving away from the current focus on micro-solutions for job creation, and instead supporting policies to promote structural change, to tighten labour markets and increase the demand for good-quality jobs within them.

    This article was co-authored with Dr Prince Asafu-Adjaye, an associate of Labour Research Service.

    Matteo Rizzo 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. Informal workers in Ghana’s chop bars get no benefit from foreign aid: donors are getting it wrong – https://theconversation.com/informal-workers-in-ghanas-chop-bars-get-no-benefit-from-foreign-aid-donors-are-getting-it-wrong-253633

    MIL OSI – Global Reports

  • MIL-OSI Global: Why are women paid less than men? New research in South Africa shows the company you work for makes the biggest difference

    Source: The Conversation – Africa – By Ihsaan Bassier, Researcher in Economics, University of Surrey

    Why do women earn less than men? The usual suspects – occupation, hours, experience – explain some of it. But a powerful, often overlooked reason is simply this: where women work. The companies that hire them play a huge role in shaping their lifetime earnings.

    South Africa has a severe gender pay gap, much of which is unexplained by worker characteristics such as occupation, skills or experience.

    In our new study published in the Journal of Development Economics, using tax data on the universe of formal workers in South Africa, we uncover a striking fact: nearly half of the gender pay gap in South Africa is explained by women working at lower-paying companies than men. That is, more women tend to work at companies that pay all workers less.

    In addition, this phenomenon evolves dramatically over a woman’s life.

    We tracked millions of workers between 2010 and 2018 using tax data. We wanted to figure out how much money different companies paid, relative to each other, regardless of the type of worker. To do this, we compared what two companies pay the same worker. We looked at workers who switched companies and compared how their pay changed when they moved to a new company. By doing this for many workers and many companies, we could see how much more or less that company tends to pay people with the same kind of background or job.

    In the formal sector in South Africa, women, on average, get paid 12% less than men. We find that about 45% of this gap – 5.5 percentage points – is due to women being concentrated in firms that pay less overall (to both women and men).

    This isn’t because women are paid less within the same company — that kind of direct discrimination plays a much smaller role. Instead, it’s largely about sorting: women and men end up at different companies, and those pay differently.

    Women disproportionately enter lower-paying sectors such as education, retail, or personal care, while men are over-represented in high-premium sectors like construction, mining, and manufacturing.

    As labour and development economists, we argue that reducing the gender pay gap takes more than putting women into male-dominated jobs or promoting equal pay for equal work. It means tackling the invisible structures that steer women into lower-paying companies.

    A gender gap that grows, then shrinks

    What’s particularly revealing is how the firm-pay gap changes across the life cycle. For workers in their early twenties, this gap is almost nonexistent. But from the mid-20s to the mid-40s — roughly the child-rearing years — the gap widens significantly.

    Why does this happen?

    First, women who remain continuously employed through their 30s tend to move to worse-paying firms than men, even though they switch jobs at similar rates.

    Second, women entering or re-entering formal work (after a spell of unemployment or informal work) tend to start at lower-paying firms than men. This disadvantage when re-entering contributes to the overall gap, but is more constant over the life cycle.

    Interestingly, churn (moving in and out of employment) is common — but men and women do it at similar rates. The key difference is what type of firm they land in when they return. Nearly half the gap among entrants is explained by industry sorting — women disproportionately enter lower-paying sectors such as education, retail, or personal care, while men are overrepresented in high-premium sectors like construction, mining, and manufacturing.

    This isn’t because women have less (or different) skills. That might be another contributor to the overall gender gap in pay, but it’s not what we looked at. This is the pay disadvantage that women face from being at firms that pay less for the same job or skill.

    The firms that women join tend to be in lower-paying industries, have fewer resources, and are less likely to be covered by collective bargaining agreements (union-negotiated industry wages) that boost pay.

    Just like women leave or re-enter formal jobs at the same rates as men, they are in fact just as likely to switch jobs when employed. The problem then is that their job switches are less likely to lead to upward moves in the pay hierarchy, possibly due to employer discrimination or a need to prioritise non-pay job characteristics (like flexibility).

    Then something remarkable happens. As women age into their late 40s and 50s, the gender gap begins to close. They start making more advantageous moves than men. This is likely because, having been sorted into lower-paying firms earlier in their careers, they have more room to climb. And with child-related constraints easing later in life, they finally can.

    Firms in developing countries

    Our finding — that women ending up in lower-paying companies accounts for nearly half of the pay gap — is higher than estimates from high-income countries like Portugal or Italy, where it explains around 20%–25%. But in developing countries like Brazil and Chile, the contribution is similar to what we find.

    Why do firms matter more in places like South Africa?

    Labour markets are more “monopsonistic” — firms have more power to set wages due to high unemployment and few outside options for workers. So because formal jobs are scarce, entering or moving up within the formal sector is harder, especially for women. In fact, we show that in regions of South Africa with lower levels of formality, the gender gap in firm pay is wider.

    Policy takeaways

    One instructive exception is the public sector, where the state has actively pursued gender equity in hiring. Public administration employs a much higher share of women than men and offers relatively high pay premia.

    In developing countries especially, where formality is limited and transitions into good jobs are harder, policy can focus on easing women’s access to high-paying companies.

    This can mean policies that support childcare, promote flexibility without penalising pay, or reduce discrimination in hiring. Otherwise, sorting into low-paying firms will keep reproducing the gender pay gap, one job move at a time.

    Ihsaan Bassier has previously received funding for several research projects, including this one, through the SA-TIED joint initiative between UNU-WIDER and the South African National Treasury. He is a research affiliate at the Southern Africa Labour and Development Research Unit (SALDRU) at the University of Cape Town.

    Leila Gautham 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. Why are women paid less than men? New research in South Africa shows the company you work for makes the biggest difference – https://theconversation.com/why-are-women-paid-less-than-men-new-research-in-south-africa-shows-the-company-you-work-for-makes-the-biggest-difference-254221

    MIL OSI – Global Reports

  • MIL-OSI USA: Nadler Opening Statement on the Markup of Transportation & Infrastructure Committee Reconciliation Bill

    Source: United States House of Representatives – Congressman Jerrold Nadler (10th District of New York)

    WASHINGTON, DC – Today, Congressman Jerrold Nadler (NY-12) made the following statement on the Markup of Transportation & Infrastructure Committee Reconciliation Bill.

    “This markup is just one small slice of a much larger, deeply dangerous reconciliation bill. But even this narrow portion tells you everything you need to know about Republican priorities.

    Let’s start with just one example: the Neighborhood Access and Equity Grant Program. This is one of the few federal programs specifically designed to repair the damage done by decades of discriminatory infrastructure policy—when highways were deliberately routed through Black and Brown neighborhoods and tore those communities apart. These grants fund real, shovel-ready projects that reconnect people to jobs, schools, health care, and each other.

    And here’s what’s especially galling: half of this grant funding is headed to states that voted for Donald Trump—rural areas and small towns that have been left behind for generations and stand to benefit the most from these investments.

    So why are Republicans attacking it? Because instead of delivering for their own constituents, they’re trying to scrape together offsets to fund their extreme, unpopular tax cuts for billionaires. And they’re doing it by targeting the very programs their communities rely on—Medicaid, SNAP, and other lifelines working families depend on to survive.

    In fact, by passing a budget resolution instructing $880 billion in cuts to Medicaid and billions more to SNAP, Republicans are proposing the most devastating assault on the health and well-being of American families in modern history.
    And let’s be very clear: in March, the CBO confirmed what we have known all along—the only way Republicans can cut at least $880 billion within the Energy and Commerce Committee’s jurisdiction is by making deep, harmful cuts to Medicaid. Additionally, we know that cutting waste, fraud, and abuse will not get you anywhere in the same universe as $880 billion.

    The consequences of these Medicaid cuts would be catastrophic. Medicaid alone covers one in five Americans—nearly 72 million people. In New York, it protects nearly 5.5 million residents, including 44 percent of all children, half of all births, and two-thirds of our nursing home residents. For tens of millions of Americans, Medicaid isn’t just a line in a budget. It’s how they survive. It’s how they manage cancer treatment, vaccinate their children, or afford a wheelchair for an aging parent.

    A new analysis from the Center for American Progress estimates that if Republicans succeed in slashing Medicaid’s federal match rate, more than 34,000 people could die each year. Their likely proposal to impose punitive work reporting requirements—which have consistently failed—would result in another 15,000 unnecessary deaths annually.

    And behind these numbers are real lives. Patricia, 83 years old, lives in poverty in New York and relies on Medicaid just to get to her doctor. She told us, “I have no transportation other than help from Medicaid. I also live on only my Social Security and SNAP. If I lose this precious help, I will be homeless and surely die.” That’s the real cost of these cuts.

    Nearly $9.3 billion in Medicaid payments go to New York hospitals each year, including billions in support for safety-net care. Half of New York’s community health centers’ revenue comes from Medicaid. If this bill passes, doors will close, jobs will vanish, and entire communities—especially in rural areas—will lose access to care altogether. It’s been reported that states like South Dakota, Missouri, and Oklahoma will face even more severe consequences from these cuts.

    And perhaps most absurdly, even after all these brutal cuts, this reconciliation bill will still add over $3 trillion to the national deficit over the next decade. Why? Because the tax giveaways for the ultra-wealthy cost more than the services they’re gutting to justify them. My Republican colleagues aren’t even reducing the deficit—they’re exploding it.

    So my message to my colleagues on the other side of the aisle is simple: reject these cruel cuts. Refuse to take food and health care away from the people who elected you. Each of you has the power to stop this. And let’s be honest—hitching your wagon to a president with the lowest 100-day approval rating in 70 years is not just morally indefensible, it’s politically reckless. Your constituents are watching—and so is history”.

    MIL OSI USA News

  • MIL-OSI: Exosens: Availability of 2024 Universal Registration Document

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE
    MÉRIGNAC, FRANCE – 30 APRIL 2025

    EXOSENS ANNOUNCES THE AVAILABILITY OF ITS 2024 UNIVERSAL REGISTRATION DOCUMENT

     

    Exosens announces today that it has filed its 2024 Universal Registration Document with the French Financial Markets Authority (AMF) on 29 April 2025 under number R.25-001.

    Exosens‘ 2024 Universal Registration Document contains the Group’s 2024 annual financial report, the Group’s management report, the Board of Directors’ report on corporate governance and the Group’s sustainability report.

    The 2024 Universal Registration Document can be viewed on Exosens‘ website (www.exosens.com) in the section Investors/Regulated Information, as well as on the AMF website (www.amf-france.org).

    A printed version of the Universal Registration Document may be obtained from the Company at its registered office: Domaine de Pelus 18 Avenue de Pythagore Axis Business Park Bat 5e 33 700 Mérignac, France, upon request.

    About Exosens

    Exosens is a high‐tech company, with more than 85 years of experience in the innovation, development, manufacturing and sale of high‐end electro‐optical technologies in the field of amplification, detection and imaging. Today, it offers its customers detection components and solutions such as travelling wave tubes, advanced cameras, neutron & gamma detectors, instrument detectors and light intensifier tubes. This allows Exosens to respond to complex issues in extremely demanding environments by offering tailor‐made solutions to its customers. Thanks to its sustained investments, Exosens is internationally recognized as a major innovator in optoelectronics, with production and R&D carried out on 11 sites, in Europe and North America, and with over 1,800 employees. Exosens is listed on compartment A of the regulated market of Euronext Paris ﴾Ticker: EXENS – ISIN: FR001400Q9V2﴿. Exosens is a member of Euronext Tech Leaders segment and is also included in several indices, including the SBF 120, CAC All-Tradable, CAC Mid 60, FTSE Total Cap and MSCI France Small Cap. For more information: www.exosens.com.

    Investor relations

    Laurent Sfaxi, l.sfaxi@exosens.com

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    The MIL Network

  • MIL-OSI: SUTNTIB AB Tewox publishes its factsheet for the first quarter of 2025

    Source: GlobeNewswire (MIL-OSI)

    Vilnius, Lithuania, April 30, 2025 (GLOBE NEWSWIRE) —

    SUTNTIB AB Tewox (the Company) publishes its factsheet, providing information about Company’s financial indicators and key events as at 31 March 2025.

    2025 Q1 KEY EVENTS

    • The 10 mEUR Tewox bond emission was fully redeemed, with the final repayment of 7.5 mEUR made in January.
    • The third tranche of 11 mEUR was issued, marking the completion of the 35 mEUR bond program offered under public prospectus.
    • A construction permit was received for a grocery store in Vilnius.
    • The 35 mEUR Tewox bond issuance was listed on the Nasdaq Baltic Bond List on March 3.
    • The acquisition of two Lidl grocery stores, each approximately 2,000 sqm in size and located in Jurbarkas and Panevėžys, was successfully closed. Luminor bank provided a 6.7 mEUR loan for the acquisition.
    • A land plot in Klaipėda district with a construction permit and long-term lease agreement with a grocery store operator was acquired.

    Contact person for further information:

    Paulius Nevinskas

    Manager of the Investment Company

    paulius.nevinskas@lordslb.lt

    https://lordslb.lt/tewox_bonds/

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    The MIL Network