NewzIntel.com

Category: Commerce

  • India-Italy relations on upward trajectory; Jaishankar expresses gratitude for support after Pahalgam attack

    Source: Government of India

    Source: Government of India (4)

    Lauding the strengthening ties between India and Italy, External Affairs Minister S. Jaishankar on Wednesday said that the relations between the two nations are on an upward trajectory, marked by renewed momentum in political dialogue, official visits, and growing mutual interest. He reiterated India’s commitment to consolidating the India-Italy Strategic Partnership.

    Speaking at Italy’s National Day celebrations in Delhi on Wednesday, Jaishankar highlighted the shared maritime interests and commitment to freedom of navigation between the two peninsular nations.

    “Whether in the Indo-Pacific or the Indo-Mediterranean, India and Italy share maritime interests and a common commitment to ensuring freedom of navigation and shipping. Italy’s increased presence in the Indo-Pacific, as well as its participation under the Indo-Pacific Oceans Initiative (IPOI) pillar of science and technology, will certainly enhance our cooperation further,” he said.

    “India-Italy relations are undoubtedly progressing positively. There is new momentum in political dialogue, exchanges, and interest in each other’s potential, which I am confident will be fully tapped by stakeholders. Let me reaffirm our government’s commitment to strengthening the India-Italy Strategic Partnership,” he added.

    Jaishankar expressed gratitude to Italy for its support following the terrorist attack in Pahalgam, Jammu and Kashmir. He noted India’s “firm, resolute, and measured response” in targeting terror centers and launch pads.

    “Let me begin by conveying our best wishes to the government and people of Italy on your National Day. We are thankful, Ambassador, for Italy’s solidarity and support following the barbaric terror attack in Pahalgam, Jammu and Kashmir,” he said.

    Referring to Operation Sindoor, launched in response to the attack, Jaishankar said, “India responded firmly and decisively by destroying relevant terror centers and launch pads. The global community has recognized India’s right to defend its people against acts of terror. We believe the world must uphold a zero-tolerance stance against terrorism and cross-border terrorism.”

    The foreign minister noted that the strategic partnership between India and Italy is rooted in shared values and converging interests and recalled the recent meetings between Prime Minister Narendra Modi and his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 and G7 summits.

    “Our strategic partnership is founded on shared values and converging interests, as reflected in multilateral platforms such as the G20. As the Ambassador mentioned, our Prime Ministers met at both the G20 and G7 summits, and our collaboration continues through initiatives like the IMEC (India-Middle East-Europe Economic Corridor), the Global Biofuels Alliance, the Indo-Pacific Oceans Initiative, the International Solar Alliance, and the Coalition for Disaster Resilient Infrastructure.”

    He added, “Our bilateral relations have gained momentum following the adoption of the Joint Strategic Action Plan for 2025–29 by our Prime Ministers last November. We are optimistic that the roadmap outlined in the GASAP will yield concrete and practical outcomes for both our economies and societies.”

    Jaishankar identified trade and economic cooperation as a vital pillar of the partnership and recalled attending the India-Italy Business, Science, and Technology Forum alongside Italy’s Deputy Prime Minister Antonio Tajani and Minister of University and Research Anna Maria Bernini.

    “Trade and economic cooperation are vital elements of our partnership. Last month, I had the opportunity to attend the India-Italy Business, Science and Tech Forum with Deputy Prime Minister and Foreign Minister Tajani and Minister Bernini. The event brought together business leaders and representatives from universities and research centers in both countries to explore collaboration across multiple sectors. This forum also presents an opportunity to boost our bilateral trade, which currently stands at USD 15 billion annually.”

    “As the world’s fastest-growing major economy, India offers numerous opportunities for investment. Italy’s technologies and best practices in clean energy, agri-tech, logistics, and shipbuilding, among other sectors, can significantly contribute to India’s progress toward becoming a developed nation — Viksit Bharat — by 2047,” he said.

    The foreign minister also acknowledged the strong Indian diaspora in Italy and expressed confidence in the future growth of mobility for professionals and academics between the two countries.

    “The Indian diaspora in Italy is among the largest in the European Union. They are well-received and recognized for their contributions across sectors including agriculture, dairy, industry, and healthcare. We are confident that in the future, increased mobility of professionals, academics, and researchers will facilitate a greater exchange of knowledge and talent between our two countries,” Jaishankar said.

  • Centre pulls up e-commerce giants over ‘dark patterns’, calls for immediate compliance

    Source: Government of India

    Source: Government of India (4)

    In a sharp message to e-commerce platforms, the Ministry of Consumer Affairs on Wednesday urged companies to eliminate the use of “dark patterns” — deceptive user interface designs aimed at misleading consumers — warning that failure to comply could invite regulatory action.

    Chairing a high-level stakeholder meeting in New Delhi, Union Minister for Consumer Affairs and Renewable Energy, Pralhad Joshi said today’s consumers are informed and will not tolerate manipulative online practices. He directed e-commerce companies to conduct self-audits and remove such patterns proactively, instead of waiting for intervention from the Central Consumer Protection Authority (CCPA).

    The meeting saw participation from major industry players including Amazon, Flipkart, Google, Zomato, and Meta, as well as law universities, consumer organisations, and industry bodies like FICCI and NASSCOM.

    Officials highlighted a surge in complaints related to dark patterns on the National Consumer Helpline, prompting the development of tools like the Jagriti App, Jago Grahak Jago App, and the Jagriti Dashboard to help consumers report deceptive designs and access platform safety scores.

    Nidhi Khare, Secretary, Department of Consumer Affairs, said that dark patterns undermine consumer rights and breach the safety pledges many firms had taken on National Consumer Day 2024. Additional Secretary Bharat Harbanslal Khera pointed out that India is among the first countries to issue dedicated guidelines defining and prohibiting 13 types of dark patterns under the Consumer Protection Act.

  • MIL-OSI USA: SBA Offers Relief to Arkansas Private Nonprofits Affected by April Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to private nonprofit (PNP) organizations in Arkansas affected by severe storms, tornadoes, and flooding occurring April 2-22.

    The disaster declaration covers the Arkansas counties of Clark, Clay, Craighead, Cross, Dallas, Desha, Fulton, Greene, Hempstead, Hot Spring, Izard, Jackson, Lafayette, Lawrence, Lee, Little River, Lonoke, Marion, Miller, Monroe, Montgomery, Nevada, Newton, Pike, Poinsett, Prairie, Pulaski, Randolph, Saline, Scott, Searcy, Sevier, Sharp, St. Francis, Stone and Woodruff.

    Under this declaration, PNPs providing non-critical services of a governmental nature impacted by physical damages or financial losses directly related to the disaster are eligible to apply for both business physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    PNPs may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes.

    EIDLs are for working capital needs caused by the disaster and are available even if the 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.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    Interest rates are as low as 3.62% for PNPs with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA will set loan amounts and terms based on each applicant’s financial condition.

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.

    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.

    The deadline to return physical damage applications is July 21, 2025. The deadline to return economic injury applications is Feb. 23, 2026.

    ###

    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 Offers Relief to Missouri Private Nonprofits Affected by March Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to private nonprofit (PNP) organizations in Missouri affected by severe storms, straight-line winds, tornadoes and wildfires occurring March 14-15.

    The disaster declaration covers the Missouri counties of Bollinger, Butler, Callaway, Carter, Dunklin, Franklin, Howell, Iron, Madison, New Madrid, Oregon, Ozark, Perry, Phelps, Reynolds, Ripley, Scott, Shannon, Stoddard and Wayne.

    Under this declaration, PNPs providing non-critical services of a governmental nature impacted by physical damages or financial losses directly related to the disaster are eligible to apply for both business physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    PNPs may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes.

    EIDLs are for working capital needs caused by the disaster and are available even if the 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.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    Interest rates are as low as 3.62% for PNPs with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA will set loan amounts and terms based on each applicant’s financial condition.

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.

    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.

    The deadline to return physical damage applications is July 21, 2025. The deadline to return economic injury applications is Feb. 23, 2026.

    ###

    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: SEC Announces Agenda, Panelists for Roundtable on Crypto DeFi

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its June 9 roundtable, “DeFi and the American Spirit.”

    “DeFi exemplifies the promise of crypto, as it allows people to interact without intermediaries,” said Commissioner Hester M. Peirce, head of the Crypto Task Force. “I look forward to learning from the panelists about how we can create a regulatory environment in which DeFi can thrive.”

    The roundtable, announced in March as part of a series, will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C. from 1 p.m. – 5 p.m. The event will be open to the public and webcast live on the SEC’s website. Doors will open at 12 p.m.

    For online attendance, registration is not necessary; a link to watch the event will be available on June 9 on www.sec.gov. For in-person attendance, please register here.

    Attendees will be able to pose questions to the panelists during a townhall portion of the event, or by emailing crypto@sec.gov during the event.

    To learn more about the Crypto Task Force and the roundtable topics, please visit the Crypto Task Force webpage.

    Agenda

    1:00 p.m. –

    1:30 p.m.

    Opening/Welcome Remarks from the U.S. Securities and Exchange Commission:

    • Richard B. Gabbert, Chief of Staff, Crypto Task Force
    • Chairman Paul S. Atkins
    • Commissioner Caroline A. Crenshaw
    • Commissioner Mark T. Uyeda
    • Commissioner Hester M. Peirce

    1:30 p.m. –

    3:00 p.m.

    Roundtable: DeFi and the American Spirit

    Moderator:

    • Troy Paredes, Paredes Strategies LLC

    Panelists:

    • Jill Gunter, Espresso Systems
    • Michael Jordan, DBA
    • Omid Malekan, Columbia Business School
    • Michael Mosier, Arktouros
    • Rebecca Rettig, Jito
    • Gabe Shapiro, MetaLeX
    • Peter Van Valkenburgh, Coin Center
    • Erik Voorhees, Venice AI
    • Kevin Werbach, Wharton School

    3:00 p.m. –

    3:30 p.m.

    Break

    3:30p.m. –

    4:55 p.m.

    Town Hall

    4:55 p.m. –

    5 p.m.

    Closing Remarks:

    • Commissioner Hester M. Peirce

    MIL OSI USA News –

  • MIL-OSI USA: Durbin Requests Information from FDA on How the Agency Will Regulate Prescription Drug Advertisements Following Cuts

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    May 27, 2025

    Drug manufacturers in the United States spend approximately $6 billion annually on commercials, Durbin has introduced bipartisan legislation to address Big Pharma’s deceptive advertisements

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) today sent a letter to the Food and Drug Administration’s (FDA) Commissioner Dr. Martin Makary requesting information on FDA’s capacity to carry out its mission to regulate direct-to-consumer (DTC) advertisements for prescription drugs in light of recent workforce reductions. Durbin has introduced bipartisan bills to address the harms from DTC drug advertising, by requiring price disclosures and cracking down on misleading promotions online.  As the pharmaceutical industry grows and evolves its advertising practices, Durbin’s letter probes FDA’s ability to oversee DTC drug advertisements, a stated priority of FDA Commissioner Makary and Department of Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr.

    Durbin wrote, “In light of recent workforce reductions at the Food and Drug Administration’s (FDA) Office of Prescription Drug Promotion (OPDP), and your recent public statements expressing an interest in “mak[ing] sure that the information being presented … in those ads … is a complete picture,” I write to understand FDA’s operational capacity to carry out its mission to regulate direct-to-consumer (DTC) advertisements for prescription drugs.”

    FDA regulates DTC advertisements for pharmaceuticals to ensure they are not false or misleading, by disclosing side effects, contraindication, and effectiveness information to the public. Under federal law and regulations, FDA requires that prescription drug advertisements be truthful, not misleading, and balanced—failure to do so risks FDA enforcement action, including civil monetary penalties. Drug manufacturers in the United States spend approximately $6 billion annually in DTC prescription drug advertisements, with approximately one-third of all commercial time across evening news programs consumed with these pharmaceutical promotions. The United States is one of only two developed countries in the world that permit such pharmaceutical commercials. 

    Durbin continued, “A recent study in the Journal of the American Medical Association found that more than two-thirds of drugs advertised on television were considered ‘low therapeutic value.’  This creates concern for taxpayers, as a review from the Government Accountability Office that I requested with Senator Grassley found that prescription drugs advertised on television accounted for 58 percent of Medicare’s overall spending on prescription drugs between 2016-2018.  In 2022, the two most-advertised drugs on television alone accounted for $1.7 billion in Medicare spending.”

    As part of FDA’s mission to protect public health, the agency conducts regulatory oversight of DTC advertisements for pharmaceuticals.  FDA enforces Section 502 of the Federal Food, Drug, and Cosmetic Act, as well as its implementing regulations at 21 CFR 202.1, to ensure prescription drug advertisements are not false or misleading, including by communicating side effects, contraindication, and effectiveness information to the public. FDA’s responsibility has grown to meet the explosion of DTC advertising on new mediums, including social media.  In 2012, FDA received submissions from the pharmaceutical industry comprising 78,696 promotional drug communication materials—by 2024, the agency received 149,516 such materials.  And in the last six months of 2024, FDA issued four important untitled letters to manufacturers to seek corrections to their false or misleading pharmaceutical advertisements.

    In the letter, Durbin expressed concerns that four top leaders in FDA’s Office of Prescription Drug Promotion (OPDP) have departed.

    Durbin wrote, “According to recent press reports, four top leaders in the FDA’s OPDP have departed, including under Reduction in Force notices, including the Office’s Director and Deputy Director, as well as the Director and Deputy Division Director for the Division of Promotion Policy, Research, and Operations.  Further, the entire Division of Promotion Policy, Research, and Operations also was reportedly laid off. These departures raise major questions about whether FDA has the personnel, expertise, and capacity to fulfill its mission to regulate prescription drug advertisements—especially in light of your and Secretary Kennedy’s scrutiny of these pharmaceutical promotions.”

    In the letter, Durbin also expressed concerns that any gap in regulatory oversight would provide an opening for unscrupulous behavior by industry stakeholders eager to promote medications absent FDA scrutiny.

    To further Durbin’s legislative efforts to address potential harms from misleading prescription drug advertising, he requested responses to a number of questions by June 17, 2025.

    In January, Durbin and U.S. Senator Chuck Grassley (R-IA), senior member and former chairman of the Senate Finance Committee, introduced the bipartisan Drug-price Transparency for Consumers (DTC) Act, a bill that would require price disclosures on advertisements for prescription drugs in order to empower patients and reduce Americans’ colossal spending on medications. 

    Earlier this year, Durbin and U.S. Senator Roger Marshall, M.D. (R-KS) introduced the Protecting Patients from Deceptive Drug Ads Act, which would protect public health and close regulatory loopholes by having FDA address false and misleading prescription drug promotions by social media influencers and telehealth companies.

    Full text of the letter is available here and below:

    May 27, 2025

    Dear Commissioner Makary:

    In light of recent workforce reductions at the Food and Drug Administration’s (FDA) Office of Prescription Drug Promotion (OPDP), and your recent public statements expressing an interest in “mak[ing] sure that the information being presented … in those ads … is a complete picture,” I write to understand FDA’s operational capacity to carry out its mission to regulate direct-to-consumer (DTC) advertisements for prescription drugs.

    Drug manufacturers in the United States spend approximately $6 billion annually in direct-to-consumer (DTC) prescription drug advertisements, with approximately one-third of all commercial time across evening news programs consumed with these pharmaceutical promotions.  It is a similar story when consumers stream their favorite show or scroll through social media.  The United States is one of only two developed countries in the world that permit such pharmaceutical commercials. 

    Department of Health and Human Services (HHS) Secretary Kennedy previously has expressed concern that DTC drug advertising potentially misleads patients about the benefits and risks of the products, while steering patients to the most expensive medications.  You also recently stated that these commercials depict customers “always dancing, always singing, at a certain point you don’t even know what the drugs are for, but you feel like, ‘I give up’, I’ll just take it.”  This may contribute to, as you’ve stated, how the United States has “the most over-medicated, sickest population.”

    Indeed, a recent study in the Journal of the American Medical Association found that more than two-thirds of drugs advertised on television were considered “low therapeutic value.”  This creates concern for taxpayers, as a review from the Government Accountability Office that I requested with Senator Grassley found that prescription drugs advertised on television accounted for 58 percent of Medicare’s overall spending on prescription drugs between 2016-2018.  In 2022, the two most-advertised drugs on television alone accounted for $1.7 billion in Medicare spending.

    I have recently introduced bipartisan legislation to cure deceptive prescription drug advertising by requiring price disclosures in commercials, and closing loopholes exploited by telehealth companies and social media influencers to make false or misleading statements or omit critical safety and side effect information.

    As part of the FDA’s mission to protect public health, the agency conducts regulatory oversight of DTC advertisements for pharmaceuticals.  FDA enforces Section 502 of the Federal Food, Drug, and Cosmetic Act, as well as its implementing regulations at 21 CFR 202.1, to ensure prescription drug advertisements are not false or misleading, including by communicating side effects, contraindication, and effectiveness information to the public. 

    FDA’s responsibility has grown to meet the explosion of DTC advertising on new mediums, including social media.  In 2012, FDA received submissions from the pharmaceutical industry comprising 78,696 promotional drug communication materials—by 2024, the agency received 149,516 such materials.  And in the last six months of 2024, FDA issued four important untitled letters to manufacturers to seek corrections to their false or misleading pharmaceutical advertisements.

    According to recent press reports, four top leaders in the FDA’s OPDP have departed, including under Reduction in Force notices, including the Office’s Director and Deputy Director, as well as the Director and Deputy Division Director for the Division of Promotion Policy, Research, and Operations.  Further, the entire Division of Promotion Policy, Research, and Operations also was reportedly laid off.  These departures raise major questions about whether FDA has the personnel, expertise, and capacity to fulfill its mission to regulate prescription drug advertisements—especially in light of your and Secretary Kennedy’s scrutiny of these pharmaceutical promotions. 

    Additionally, I am concerned that any gap in regulatory oversight would provide an opening for unscrupulous behavior by industry stakeholders eager to promote medications absent FDA scrutiny.  Last month, Novo Nordisk announced a blockbuster partnership to sell Wegovy to patients through telehealth company Hims & Hers.  However, there appear to be promotions on the telehealth company’s website that may be considered advertisements for off-label uses of the drug and also may fail to adhere to FDA’s requirements for providing a “fair balance” of risk information, given the limited safety disclosure that is buried in the text and only accessed via an external link.  A telehealth company that has formally partnered with a drug manufacturer to sell the manufacturer’s blockbuster medication—citing its trademark and other promotional statements—should be subject to the same misbranding standards as the manufacturer.

    To further our legislative efforts to address potential harms from misleading prescription drug advertising, I request responses to the following questions by June 17, 2025:

    1. Who is currently in charge of FDA’s OPDP?
    1. In a letter response to Senators Durbin and Braun last year, FDA stated that OPDP has approximately 70 full-time employees, the majority of whom are responsible for compliance and review activities of promotional drug communications.  What is the current number of FDA OPDP employees, broken down by division and function?
      1. Since January 20, 2025, how many total FDA OPDP employees have lost their jobs due to Reductions in Force; the termination of probationary employees; or other avenues of separation?  Please provide a breakdown by category.
    1. How will the reduction in staff compared to 2024 levels affect OPDP’s activities?
      1. Please describe all functions or activities that have been halted or curtailed as a result of the workforce reductions.
      2. In 2024, OPDP received 83 voluntary submissions for review of draft television advertisements from the pharmaceutical industry, and OPDP issued 82 comment letters in response to those submissions.  How many such voluntary submissions has OPDP received thus far in 2025, and how many comment letters has OPDP issued in response thus far?
      3. Since the data has not been updated since December 2024, how many complaints for potentially false or misleading promotion has OPDP received in 2025, and how many such complaints has OPDP acknowledged in 2025?
    1. Will FDA OPDP obligate its Fiscal Year 2025 funding, provided by Congress in the Full-Year Continuing Appropriations and Extensions Act, 2025 (P.L. 119-4)?

    Thank you for your attention to this matter, I look forward to working with you. 

    Sincerely,

    -30-

    MIL OSI USA News –

  • MIL-OSI: NEC X Opens Applications for Elev X! Ignite, Batch 14, Offering Startups $250k and a Path to Global Scale

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., May 28, 2025 (GLOBE NEWSWIRE) — NEC X, the Silicon Valley venture studio backed by NEC’s advanced technologies and global businesses, is now accepting applications for Batch 14 of its flagship startup program, Elev X! Ignite. Designed to help early-stage entrepreneurs turn bold ideas into seed-ready startups, Elev X! Ignite offers access to expert mentorship, tech R&D support, startup-building resources and up to $250K in equity funding.

    The program’s accelerating growth, including a 35% increase in applications from Batch 12 to Batch 13 and over 20% from Batch 11 to Batch 12, underscores the increasing demand for NEC X’s unique value proposition: direct collaboration with NEC’s world-class innovation network, access to unparalleled resources and a clear pathway to global markets.

    Startups have until June 30, 2025, to apply for the upcoming cohort, with the first phase of the program beginning in August 2025, following a multi-phase selection process.

    “The rapid growth of Elev X! proves that visionary founders need more than just capital,” said Shintaro Matsumoto, President and CEO of NEC X. “With Batch 14, we’re not just continuing a trajectory; we’re amplifying our commitment to provide unparalleled access to both NEC’s R&D and business prowess and growing global ecosystem, empowering innovators to build truly transformative and scalable enterprises.”

    Why Join Elev X! Ignite

    Unlike traditional venture studios and accelerators, Elev X! Ignite is a hands-on twelve-month venture studio program tailored for entrepreneurs in the problem discovery and validation phase. Startups work closely with NEC X’s multidisciplinary team including engineers, researchers, business coaches and advisors to accelerate product development, validate market fit and prepare for seed-stage investment.

    NEC is a global AI leader in visual recognition, generative tech and real-world applications such as security, agriculture, logistics and public services. Ideal candidates are building B2B software and SaaS businesses that enhance business processes, decision-making or operational efficiency.

    NEC X is especially interested in startups leveraging cutting-edge technologies such as Generative AI, Computer Vision and Predictive Analytics. While NEC X has deep experience in sectors like climate research, AgTech, digital health and public safety, it remains sector-agnostic—as long as participants’ innovations align with NEC X’s mission to create meaningful social impact through technology, particularly in areas connected to NEC’s proprietary capabilities.

    Startup Success Stories

    More than 150 startups have launched or grown through NEC X’s Elev X! venture programs. These alumni illustrate the program’s impact:

    • SeafoodAI, featured in Business Insider, uses AI biometrics to promote seafood sustainability via its CrabScan360 technology.
      “NEC X’s expertise in image recognition and AI was instrumental in accelerating our core technology,” noted Rob Terry, CEO of SeafoodAI. “Their backing has been invaluable to our growth and success.“
    • Qualitative Intelligence (QI), utilizes NEC’s Semantic Model Technology to transform advertising with predictive analytics for real-time message testing.
      “Elev X! has been the most transformative experience in our startup journey,” said JD Rico, CEO of QI. “The level of resources, insights and hands-on support simply cannot be found elsewhere.“
    • LandWise Analytica uses AI and sustainability maps to drive smarter land use in agriculture and has seen considerable interest from real estate groups, farmers, crop insurance companies, agricultural mortgage providers and land investors.
      “With the help of NEC X, we’ve been able to accelerate the launch of our pilot program and streamline the process of identifying and acquiring new users,” said Patrick McMillan, Co-founder of LandWise Analytica. “Their capabilities and results have been beyond our expectations.“

    Selection Process
    Approximately 30 startups will be invited to participate in the initial “Business Model Design” phase—a no-cost, equity-free pre-program of workshops and mentorship. A select group of ten teams will then advance to the full Elev X! Ignite program.

    Program Highlights:

    • Up to $250K in equity funding
    • Access to NEC’s global R&D ecosystem and business units
    • Strategic partnerships and customer development
    • Proven track record: over 150 startups participated since 2018

    For application information, materials and deadlines, click here.

    All essential details needed to successfully apply for the program will be covered in upcoming webinars scheduled for June 11, June 18 and June 25.

    For more information about Elev X!, please visit: https://elev-x.com. 

    About NEC X 
    NEC X is an innovation powerhouse and curator of disruptive startups backed by the global technology leadership of NEC. Leveraging 125 years of IT and network technologies expertise, NEC X’s startup-focused approach transforms visionary ideas into commercial successes that revolutionize how we work and live. Since its inception in 2018, NEC X has helped launch and grow more than 150 startups. 

    Their Silicon Valley programs – Elev X! Ignite and Elev X! Boost – equip early-stage startup founders with the tools to fast-track their tech development and adoption. Elev X! fuels startup success from inception to launch, connecting innovators with NEC’s 45,000 patents; global network of partners, mentors and advisors; reach into 55+ international markets; and $8 billion R&D ecosystem.

    For more information, visit https://nec-x.com and https://www.elev-x.com. 

    About NEC Corporation
    NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential.

    For more information, visit NEC at https://www.nec.com.

    NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. ©2025 NEC Corporation.

    Media Contact:

    Robert Brownlie
    Bob Gold & Associates
    310-320-2010
    necx@bobgoldpr.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1bcdd827-4e5f-46fb-a325-5dbd3dba186b

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b898e8f1-a430-4252-a3d3-8304ac2b3e01

    The MIL Network –

  • MIL-OSI: Digital Ascension Group Launches Validator Node on Constellation Network to Support Enterprise-Ready Decentralized Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    Dallas, Texas, May 28, 2025 (GLOBE NEWSWIRE) — Digital Ascension Group has officially announced the deployment of its validator node on Constellation Network ($DAG), a highly scalable Layer 0 protocol built to enable secure, efficient, and interoperable data exchange across platforms.

    Digital Ascension Group Launches Validator Node on Constellation Network

    By operating a validator, the firm is stepping into a key role within the network’s ecosystem, helping secure the protocol and support the integrity of its core infrastructure. This move reflects Digital Ascension Group’s continued focus on contributing to practical blockchain solutions that are ready for large-scale, real-world use.

    “We see Constellation’s Metagraph architecture as a foundational piece of the next digital infrastructure. Running a validator aligns with our long-term strategy of supporting real-world adoption of decentralized technology,” said Max Avery, Chief Business Development Officer at Digital Ascension Group.

    “We’re here to help bring credibility, transparency, and community-driven governance to networks that actually scale.”

    Metagraphs, specialized, application-focused blockchains within Constellation, are at the center of this strategy. Digital Ascension Group plans to play an active part in the growth of these Metagraphs, which are engineered to serve specific enterprise and public sector needs.

    Alongside its validator work, the firm is now exploring the creation of a Metagraph aimed at family offices. The concept is to build a secure and compliant decentralized framework that handles sensitive tasks across global jurisdictions.

    Digital Ascension Group sees Constellation’s Layer 0 framework as uniquely positioned to support these needs, with its modular structure allowing each Metagraph to operate independently while still contributing to a larger, interoperable system. Use cases already range from IoT data validation and supply chain integrity to decentralized identity and secure government infrastructure.

    Through initiatives like validator deployment and Metagraph development, Digital Ascension Group continues to develop a growing role as a connector between traditional finance and decentralized technologies, laying the groundwork for secure, high-functioning digital asset systems built to solve real market challenges.

    About Digital Ascension Group

    Digital Ascension Group is a forward-thinking multi-family office specializing in digital assets (crypto / blockchain). Our mission is to empower High-Net-Worth (HNW) and Ultra-High-Net-Worth (UHNW) individuals, as well as Family Offices, to confidently navigate the rapidly evolving digital asset landscape. We provide a comprehensive suite of services designed to address the unique needs and opportunities in this dynamic sector. From investment strategy and risk management to regulatory compliance and custody solutions, Digital Ascension Group delivers tailored strategies that prioritize sustainable wealth protection and growth. With a deep understanding of blockchain technology, cryptocurrency markets, and tokenized assets, we bridge the gap between traditional wealth management and the cutting-edge world of digital finance. Our expert team ensures that our clients remain at the forefront of innovation while maintaining the security and stability their wealth demands.

    Press inquiries

    Digital Ascension Group
    https://www.digitalfamilyoffice.io
    Max Avery
    max@digitalfamilyoffice.io
    307-243-3711
    9100 John W Carpenter Fwy
    Dallas, Texas 75247

    The MIL Network –

  • MIL-OSI: Syneris Launches to Break Barriers in AI Infrastructure with Decentralized Compute Power

    Source: GlobeNewswire (MIL-OSI)

    BIRKIRKARA, Malta, May 28, 2025 (GLOBE NEWSWIRE) — Syneris.tech officially announces the launch of its full-stack Decentralized AI Infrastructure, aiming to transform the global AI development landscape by unlocking affordable AI development at scale. As demand for artificial intelligence continues to surge across sectors, Syneris steps in with a bold mission: to decentralize access to high-performance computing, enabling more builders, startups, researchers, and enterprises to create and deploy AI without the traditional limitations of cost, centralization, and technical gatekeeping.

    “We believe the future of AI shouldn’t belong to a handful of tech giants,” says the Syneris team. “It should be open, collaborative, and powered by the people.”

    A Global Problem Meets a Scalable Solution

    In today’s AI race, the high cost of computing remains a major bottleneck. Traditional GPU resources are increasingly monopolized by a handful of tech giants, making access to AI computing platforms prohibitively expensive for smaller teams and independent developers. Training advanced models like GPT-4 or AlphaGo can cost between $10 – 20 million, requiring thousands of high-performance GPUs.

    Ironically, more than 50% of global GPU capacity is sitting idle — locked away in personal devices, gaming rigs, and institutional hardware that’s rarely optimized for AI workloads.

    At the same time:

    – 85% of AI startups cite compute costs as a top barrier to model training and deployment.

    – Cloud GPU prices have tripled over the past two years due to supply shortages and centralized control.

    – Over 70% of global AI infrastructure is owned by fewer than five major tech corporations.

    This level of centralization stifles innovation, restricts access, and deepens inequality in the AI ecosystem. It turns progress into a privilege of scale, not a function of talent or creativity.

    Syneris offers a better way. Our hybrid GPU computing network aggregates underused GPUs and CPUs from across the globe and transforms them into a Decentralized AI Infrastructure. This approach dramatically reduces cost while unlocking access to computing resources for the 99%.

    Contributors are rewarded with transparent, token-based incentives — creating a fair and self-sustaining ecosystem where computational power is not hoarded, but shared.

    Built for Builders: AI Tools for All

    At the heart of Syneris is a complete suite of tools for the AI development lifecycle. From code-free model creation to enterprise-grade deployment, the AI computing platform supports users of all technical backgrounds. Developers can build and test models with intelligent assistance, including real-time coding support and automated debugging tools. Non-developers can experiment with powerful no-code and low-code interfaces, crafting custom models using pre-built templates and visual workflows.

    Through its flagship product line, Syneris Generation AI, users can generate human-like content across text, images, video, and voice with minimal resource consumption. These tools open doors for applications in marketing, media, automation, education, and beyond — all part of a commitment to affordable AI development.

    AI World: A Decentralized Marketplace for AI Intelligence

    Syneris is not just an infrastructure provider — it is also a Decentralized AI Marketplace. The “AI World” platform allows model creators to publish, monetize, and continuously improve their AI models. Businesses can browse categorized libraries of AI solutions tailored to industry verticals, performance needs, and budget constraints. Transparent performance metrics, reviews, and demo options ensure reliability and reduce decision-making risk.

    This Decentralized AI Marketplace fosters open collaboration, allowing builders and users to connect, share feedback, and co-create higher-value solutions. All transactions are executed with Syneris tokens, ensuring seamless commerce within a secure digital economy.

    Strategic Scaling Through Smart Integration

    To ensure scalability from day one, Syneris has strategically integrated with leading GPU computing networks such as Aethir and io.net. This enables the AI computing platform to meet immediate computational demand while it concurrently develops its proprietary infrastructure.

    Over time, Syneris aims to reduce dependency on third-party systems and move toward full operational independence — without compromising on performance, scalability, or global reach.

    Looking ahead, the platform’s long-term vision is to become a fully self-sustaining, community-owned Decentralized AI Infrastructure — empowering millions to access AI freely, without the need for permission or the burden of premium costs imposed by centralized gatekeepers.

    Laying the Foundation for an Open AI Future

    As artificial intelligence redefines the way societies function, there is a growing responsibility to ensure that the benefits of AI are broadly distributed — not concentrated in the hands of the few. Syneris recognizes this need and responds with a technically sophisticated yet community-first approach. It is not just enabling access to AI tools; it is reshaping the ownership model of AI infrastructure itself.

    Developers, GPU contributors, AI builders, and enterprises are invited to become part of the Syneris ecosystem — where intelligence is built together, not rented from the top.

    Explore Syneris

    Website: https://syneris.tech
    X/Twitter: https://x.com/syneris_ai
    Telegram: https://t.me/synerisai
    Discord: https://discord.gg/A5QDgunqXD
    Contact: contact@syneris.tech
    Name: Peter Miles

    About Syneris

    Syneris is a Decentralized AI Infrastructure and AI computing platform built to democratize access to machine intelligence. By connecting unused GPU and CPU resources into a global GPU computing network, Syneris provides scalable, affordable AI development and a dynamic Decentralized AI Marketplace, all underpinned by a contributor-driven token economy.

    Disclaimer: This press release is provided by Syneris. 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. 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. 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.Speculate only with funds that you can afford to lose. 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.

    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 do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4eaf1109-1977-43ef-bb72-af0b2da8afbe

    https://www.globenewswire.com/NewsRoom/AttachmentNg/565c6179-3c93-4095-9b08-228ca0a32137

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    The MIL Network –

  • MIL-OSI USA: H.R. 820, Bottles and Breastfeeding Equipment Screening Enhancement Act

    Source: US Congressional Budget Office

    H.R. 820 would require the Transportation Security Administration (TSA) to issue or update guidance to minimize the risk of contaminating breastmilk, baby formula, and related accessories during the passenger screening process at airports. The bill also would require the Inspector General of the Department of Homeland Security to audit that guidance.

    According to information from the agency, TSA regularly updates its guidance for screening breastmilk and related items under current law. On that basis, CBO estimates that implementing that provision would not significantly affect the federal budget. Based on the cost of similar activities, CBO estimates that conducting the audit would cost less than $500,000 over the 2025-2030 period; any related spending would be subject to the availability of appropriated funds.

    On February 13, 2025, CBO transmitted a cost estimate for S. 260, the Bottles and Breastfeeding Equipment Screening Enhancement Act, as ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 5, 2025. The two pieces of legislation are similar, and CBO’s estimates of their budgetary effects are the same.

    The CBO staff contact for this estimate is Aaron Krupkin. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI Europe: Foreign trade minister Reinette Klever: prosperity and resilience at the forefront of Dutch trade policy

    Source: Government of the Netherlands

    News item | 28-05-2025 | 17:24

    Foreign trade is the cornerstone of the Dutch economy. The Netherlands earns roughly a third of its total income abroad. Foreign trade also provides some 2.6 million full-time jobs – about a third of all jobs in the Netherlands. But an open economy also makes the Netherlands vulnerable to turmoil in global markets.

    The government has therefore decided to implement an assertive trade policy. Priority will be given to what is good for the country’s economy (prosperity) and what is important for its security (resilience).

    Speaking today, Ms Klever said, ‘This government will pursue a robust trade policy, focused on prosperity and a strong, resilient economy. We will continue to support our entrepreneurs abroad and invest in promising markets and high-potential sectors. The Netherlands is a trade champion and together we’ll make sure it stays that way, even in a turbulent world.’

    Promising markets and high-potential sectors

    The Netherlands will continue to invest in trusted partners and established markets where its businesses have long been successful. At the same time, the country is seeking new strategic partners, and the government is focusing on the promising markets of the future. These are countries that are expected to see strong economic growth in the coming decades, for example due to rapid population growth or major investment in education and research and development.

    The government is also explicitly targeting high-potential sectors and essential key technologies, such as semiconductors (microchips), quantum technology and photonics. These technologies are important not only for the Dutch economy, but also for our national security and technological leadership.

    Agreements within the EU

    Within the European Union, the government aims to advocate more explicitly for Dutch trade interests, for example during talks on trade agreements. The government will work to ensure a level playing field internationally, so that Dutch entrepreneurs have a fair chance to compete.

    In addition, it is committed to a well-functioning single European market, free from unnecessary rules. The Netherlands will also press for a constructive dialogue between the EU and the United States on import tariffs. At the same time, the government is ready to defend Dutch economic interests with countermeasures if dialogue does not lead to a positive outcome.

    Protecting sensitive technologies

    The government is also working to protect Dutch technologies, together with the EU and international partners. For example, the export of sensitive goods and technologies is being monitored to prevent them from falling into the wrong hands. The government is also actively implementing policy on knowledge security and overseeing the implementation of and compliance with sanctions.

    Support for Dutch businesses

    Supporting Dutch entrepreneurs remains a key part of the minister’s trade policy, for example through economic missions and assistance with international contract award procedures. The Netherlands has several grant and financing opportunities available for companies that want to do business internationally. Invest International and Atradius Dutch State Business also give entrepreneurs extra support to get high-risk projects abroad off the ground.

    Linking aid, trade and investment

    Finally, the government wants to link aid, trade and investment more firmly, as laid down in the policy letter on international development. The government is committed to working with Dutch companies in stable low- and middle-income countries. The focus is on areas where the Netherlands excels: food security, water management and health.

    MIL OSI Europe News –

  • MIL-OSI Security: Angelina County Man Guilty of Federal Violations Related to Various Schemes

    Source: US FBI

    BEAUMONT, Texas – A Lufkin man has pleaded guilty to federal violations in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.

    Matthew Jess Thrash, 49, pleaded guilty to two counts of wire fraud on May 12, 2025, before U.S. Magistrate Judge Zack Hawthorn.

    According to information presented in court, in December 2020, law enforcement received a report of suspected fraud.  An investigation revealed Thrash obtained approximately $9,170,124 from over 100 victims through fraudulent means, including sports related investment schemes; a Las Vegas cannabis store scheme; and loans from victims.  Thrash also fraudulently obtained money by applying for COVID relief loans to which he was not entitled, including a Paycheck Protection Program (PPP) loan. The PPP was a Small Business Administration program that provided forgivable loans to qualifying entities. Thrash did not invest or use the fraudulently obtained funds for the intended purposes.  Instead, he used the money to gamble, pay personal expenses, and to repay other victims in an attempt to avoid detection.

    Thrash faces up to 30 years in federal prison, a potential fine, and restitution at sentencing.  The maximum statutory sentence prescribed by Congress is provided here for information purposes, as the sentencing will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the U.S. Probation Office.

    This case is being investigated by FBI’s Lufkin Field Office, the Texas Department of Public Safety, and the Lufkin Police Department.  This case is being prosecuted by Assistant U.S. Attorney Lauren Gaston.

    ###

    MIL Security OSI –

  • MIL-OSI Russia: Cases of infection with a new variant of coronavirus have been identified in Russia

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    Moscow, May 28 /Xinhua/ — Four cases of infection with the new NB.1.8.1 coronavirus variant have been identified in Russia, Anna Popova, head of the Federal Service for Supervision of Consumer Rights Protection and Human Wellbeing, told reporters.

    According to her, the disease proceeds in the same way as when infected with other known subvariants of the Omicron strain. There are no plans to introduce additional measures in the country in connection with the spread of the new genovariant.

    According to Vladimir Chulanov, a freelance specialist in infectious diseases at the Russian Ministry of Health, the risk to public health associated with NB.1.8.1 is assessed as low at the global level.

    According to the World Health Organization, cases of infection with the NB.1.8.1 genovariant have been reported in 22 countries. Current data do not indicate that it leads to a more severe course of the disease. –0–

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: ARU Peterborough champions disabled entrepreneurs

    Source: Anglia Ruskin University

    Picture: Richard Fraser Photography

    ARU Peterborough has played a key role in a landmark report that outlines strategies to better support disabled entrepreneurs across the UK, potentially driving significant economic growth.

    The Lilac Review, an independent, Government-backed review to address the inequality disabled entrepreneurs face, has concluded that significant financial, operational, and accessibility barriers are holding back the nation’s disabled-led businesses.

    Disabled entrepreneurs represent 25% of the UK’s 5.45 million small businesses, but just 8.6% of business turnover. The Lilac Review estimates that removing these obstacles could unlock an additional £230 billion in UK business revenue.

    The research for The Lilac Review report was supported by Professor Tom Williamson and Dr Cheryl Greyson from ARU Peterborough in collaboration with Small Business Britain, with support from Lloyds.

    The ARU Peterborough academics analysed survey data from 750 disabled entrepreneurs and found that despite their resilience, disabled founders face additional and complex barriers to growth and funding. Over half (57%) of respondents identified financial support as their critical need for the coming year.

    Alongside a range of targeted support and tailored solutions, a key recommendation from The Lilac Review is to enhance the reach and impact of the new Disability Finance Code launched last December.

    The Lilac Review also highlights the importance of greater access to peer-led business networks and mentorship, with 51% of respondents indicating that bridging this gap would benefit them.

    The need to embed inclusivity at the heart of all future business support to build equity and opportunity was emphasised, with data showing 35% of disabled entrepreneurs find current programmes inaccessible.

    The Lilac Review also advocates for greater investment and innovation in inclusive AI training and skills development and AI-powered assistive technology, as well as placing accessibility and inclusion at the heart of AI policy and product development. This recognises the transformative potential of AI to level the business playing field.

    Professor Williamson of ARU Peterborough took part in the review’s Steering Board, alongside a number of prominent disabled founders and representatives from the wider business community including: Small Business Britain, Lloyds, eBay, BT, Federation of Small Businesses (FSB), British Chambers of Commerce (BCC), The Entrepreneurs Network, and the Business Disability Forum.

    “We’re proud that ARU Peterborough has played a key role in this important new report. The recommendations could help empower millions of disabled entrepreneurs across the country, combat inequality and drive business growth, which could significantly benefit the UK economy.

    “The next phase of The Lilac Review will see us working closely with Small Business Britain over the next 12 months to develop the concept for The LILAC Centre for Disabled Entrepreneurship. This would be the UK’s first business incubator and research centre dedicated to advancing the success of disabled entrepreneurs, and our aim is for this to be hosted at ARU Peterborough.”

    Professor Williamson, Assistant Principal of ARU Peterborough and head of the Faculty of Business, Innovation and Entrepreneurship 

    “I’m proud to have co-chaired The Lilac Review and welcome its valuable insights and recommendations to help empower disabled entrepreneurship, tackle inequality, and unlock growth opportunities.

    “Through our Plan for Change, this government is committed to delivering further and faster economic growth. A key part of this is ensuring that those with the ambition to start and scale up a business have the right support to do so, no matter their background or circumstances.”

    Gareth Thomas, Minister for Small Businesses and co-chair of The Lilac Review

    “Disabled entrepreneurs are innovative, impactful, and growing. Yet we remain underrepresented, underfunded, and underestimated.

    “The Lilac Review is a bold and necessary step toward recognising the unique challenges that disabled entrepreneurs face – and more importantly, toward removing them. The findings of this report are clear: change is needed – not later, but now. That means inclusive finance, accessible business support, and communities that empower rather than exclude.

    “It has been an honour to co-chair this review, and I hope the voices within it spark action, partnership, and a fundamental rethinking of what opportunity should look like – for everyone.”

    Victoria Jenkins, co-chair of The Lilac Review and founder of Unhidden

    “Our university is driving forward real change in the workforce not only in Peterborough, but across the whole of the UK. The Lilac Review represents a real opportunity to level the playing field for disabled entrepreneurs and to remove some of the unique challenges they face.

    “The whole city is really proud of those who have been involved in this pioneering project and are now re-shaping the future of business in the UK.”

    Councillor Nick Thulbourn, cabinet member for growth and regeneration at Peterborough City Council

    For more information on The Lilac Review visit https://lilacreview.com/final-report

    ARU Peterborough is a partnership between Anglia Ruskin University, Peterborough City Council and the Cambridgeshire and Peterborough Combined Authority.

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Investor Alert: Buygoldca, Cap Trade and PT Option Are Not Registered

    Source: Government of Canada regional news

    Released on May 28, 2025

    The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors of the online entities known as Buygoldca, Cap-Trade and PT Option.

    “The FCAA urges Saskatchewan residents to check the registration status of investment entities at aretheyregistered.ca before investing with anyone,” FCAA Securities Division Executive Director Dean Murrison said. “Checking the registration status before considering investing with anyone is the quickest and easiest way to keep your investments safe.”

    Buygoldca, Cap-Trade and PT Option claim to offer Saskatchewan residents trading opportunities, including cryptocurrencies. Buygoldca additionally claims to sell commodities in the form of precious metals traded as futures or option contracts. Cap-Trade claims to sell stocks, forex, commodities and indices. PT Option also claims to sell stocks, forex, indices, commodities and precious metals.

    This alert applies to the online entities using “buygoldca com”, “cap-trade com”, and “pt-option com” (these URLs have been manually altered so as not to be interactive).

    Buygoldca, Cap-Trade and PT Option are not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan. The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses. 

    If you have invested with Buygoldca, Cap-Trad, or PT Option or anyone claiming to be acting on their behalf, contact the FCAA’s Securities Division at 306-787-5936.

    In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives. The registration provisions of The Securities Act, 1988, and accompanying regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.

    Tips to protect yourself:

    • Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators’ National Registration Search at aretheyregistered.ca.
    • Know exactly what you are investing in. Make sure you understand how the investment, product, or service works.
    • Get a second opinion and seek professional advice about the investment.
    • Do not allow unknown or unverified individuals to remotely access your computer.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI: “Human vs AI” and the Future of Insurance: Insurtech Insights USA 2025 Agenda Unveils Power-Packed Lineup of Industry Disruptors

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) — Insurtech Insights USA 2025, North America’s premier gathering of insurance executives and innovators, is set to return to the Javits Center in New York City on June 4–5, 2025, bringing together over 6,000 attendees and 400+ speakers from across the globe. With AI, digital transformation, and industry reinvention at the heart of this year’s agenda, the event offers unparalleled insights into the technologies and strategies reshaping insurance.

    The two-day program includes dynamic keynotes, interactive panels, and fireside chats led by senior executives from Munich Re, MetLife, AXA, Zurich, Microsoft, Clearspeed, Chubb, Owl.co, and more. The most anticipated sessions of the year are:

    1. Human vs AI: The Future of Insurance Lies in Collaboration

    Speakers: Garry Kasparov, Chess Grandmaster & Sean Merat, CEO, Owl.co

    Date: June 4 at 9:50 AM | Main Stage

    In a thought-provoking keynote, Garry Kasparov, who famously battled and then embraced AI, joins Owl.co CEO Sean Merat to explore how insurers can embrace intelligent collaboration over competition. The session sets the tone for the conference: bold, reflective, and future-focused.

    2. A Year Later for AI and GenAI in Insurance: The Reality and Growing Real Business Value

    Speakers: Robert Pick, EVP & Chief Information Officer, Tokio Marine, Manish Shah, President, Chief Product Officer at Majesco, Denise Garth, Chief Strategy Officer at Majesco, and Jim DeMarco, Insurance Strategy Lead, Microsoft

    Date: June 5 at 11:30 AM | Main Stage

    AI is no longer a pilot project. This panel dives into how large insurers are implementing GenAI solutions at scale—generating tangible business value in underwriting, claims, and customer experience while navigating compliance and culture.

    3. Making AI Stick in Insurance: From POC to Production

    Speakers: Jonathan Pelosi Head of Industry – FSI at Anthropic, Amy Nelsen, Head of UW Operations, Zurich North America, Antonio Rosa Chief Data & Analytics Officer, Ignyte Insurance and Alex Schmelkin, CEO, Sixfold

    Date: June 4 at 1:30 PM | Main Stage

    Moving from hype to habit, this panel outlines how leaders are transitioning from proof-of-concept to production-level AI deployments. Expect hard-earned lessons, success metrics, and scalable approaches for real-world transformation.

    4. Reimagining Underwriting: How Technology and AI Are Powering the Future of Insurance

    Speakers: Robert Pick, EVP & Chief Information Officer at Tokio Marine, Gary Hoberman, CEO and Founder, Unqork and Lisa Wardlaw, President and Founder, 360 Digital Immersion

    Date: June 5 at 1:15 PM | Main Stage

    With new data streams and automation tools, underwriting is being redefined. This session explores the next frontier—blending machine learning with human decision-making to deliver faster, smarter, and fairer underwriting outcomes.

    5. Unicorn Building: The Insurtech Funding Landscape in 2025 & Beyond

    Speaker: Joel Albarella, Senior Vice President and Head, New York Life Ventures

    Date: June 4 at 12:55 PM | Main Stage

    A candid look at the venture capital lens on insurance. Joel Albarella dissects current investment trends, the reality of valuation resets, and the future of unicorn building amid economic uncertainty.

    “These sessions speak to the heart of Insurtech Insights’ mission: to equip insurance executives with the insights and inspiration they need to tackle the industry’s most pressing challenges,” said Kristoffer Lundberg, CEO of Insurtech Insights. “We’re proud to provide a platform where leading executives, technologists, and entrepreneurs come together to spark meaningful innovation. From integrating GenAI into claims processing to advancing digital inclusion in life insurance, every conversation delivers practical insights and real-world solutions. This isn’t just about what’s next—it’s about giving our community the actionable intelligence to lead change and create tangible impact.”

    Beyond these highlights, the agenda also includes powerful sessions such as “Facing into AI: The Potential and Uncertainty” with AXA XL and BCG, “Regulators & Risk Takers: Aligning Vision for the Future of Insurance” with state commissioners from North Dakota, Oklahoma, and Connecticut, and “Innovating Life Insurance: The Role of Wearable Data” with Munich Re. Attendees can also explore sessions focused on small business markets, talent pipelines, data ethics, and climate-driven product development—delivering a 360° view of the insurance industry’s most urgent opportunities and threats.

    For more information and to secure your pass, visit the website here.

    About Insurtech Insights USA

    Insurtech Insights USA is the leading global conference for the insurtech industry, bringing together experts, innovators, and thought leaders to discuss the latest trends, challenges, and opportunities shaping the future of insurance. With a focus on innovation, collaboration, and disruption, Insurtech Insights USA provides a platform for networking, learning, and driving meaningful change in the insurance sector.

    For media queries and other information, please contact:

    Girish Jaggi
    Senior Account Manager
    The MicDrop Agency
    girish@themicdropagency.com
    +1 (289) 623 3627

    The MIL Network –

  • MIL-OSI: Cerence AI Partners with Arm to Deliver Enhanced LLM Capabilities at the Edge

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., May 28, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced a strategic partnership with Arm in which Cerence AI will leverage Arm’s comprehensive software library, Arm® Kleidi™, to advance the capabilities and performance of CaLLM™ Edge, its embedded small language model (SLM).

    As automakers race to bring AI-powered capabilities to their drivers, they are faced with several challenges, including building enough compute to handle the needs of intensive workloads like large language models (LLMs). Automakers and their partners need easy ways to optimize CPU performance and maximize compute, making it easier for them to deliver the benefits of generative AI to drivers. Cerence AI and Arm are partnering to bridge this gap. With 94% of global automakers leveraging Arm technology in their latest vehicles, Arm automotive solutions provide a foundational compute architecture for AI capabilities throughout the vehicle. Kleidi is designed to accelerate machine learning and optimize neural network operations on Arm-based devices, enabling more efficient and powerful real-time language processing at the edge.

    Together, Cerence AI and Arm flexibly distribute and parallelize generative AI computation loads between CPUs and GPUs, delivering improved speed and performance for CaLLM Edge, while also supporting enhanced privacy and data security. CaLLM Edge runs fully agentic on Arm-based chipsets optimized with Kleidi, in addition to other SoCs, demonstrating industry-leading performance despite the limited compute power, large size, and intensive processing needs of on-board, in-car language models. As a result, automakers are able to deliver a fast, intelligent user experience for their drivers, even without connectivity to the cloud.

    “We are excited to partner with Arm to take CaLLM Edge to the next level, setting new standards for performance and efficiency in edge computing in the car,” said Nils Schanz, EVP, Product & Technology, Cerence AI. “By combining our expertise in AI-powered language models with Arm’s innovative library, we are continuing our journey to create a new era of voice-first experiences and next-generation AI applications in the automotive space, empowering consumers with smarter, faster, and more responsive in-car assistants.”

    “AI is defining the next generation of sophisticated in-vehicle features, and it’s important that we utilize every optimization possible to ensure AI can run seamlessly at the edge,” said Suraj Gajendra, vice president of automotive products and software solutions, Automotive Line of Business, Arm. “Cerence AI is seeing significant improvements by leveraging Arm Kleidi, and we look forward to continuing our work to rapidly enable new, innovative application-specific AI models in the car.” 

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn. For more information about Arm, visit www.arm.com/.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    Contact Information

    Kate Hickman | Cerence AI | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

    The MIL Network –

  • MIL-OSI USA: McCaul Discusses Importance of State Dept. Reauthorization with Secretary Rubio

    Source: United States House of Representatives – Congressman Michael McCaul (10th District of Texas)

    WASHINGTON – Today, U.S. Congressman Michael McCaul (R-Texas) — chairman emeritus of the House Foreign Affairs Committee — questioned Secretary of State Marco Rubio at the committee’s hearing, titled “FY26 State Department Posture: Protecting American Interests.” McCaul and Rubio discussed how the committee’s work to reauthorize the State Department can help the Trump administration advance its foreign policy objectives, including restoring U.S. foreign aid to its core mission.

    Click to watch

    Full exchange below:

    Chair Emeritus McCaul: Let me express my deep sympathy to the family of Gerry Connolly. He was a dear friend of mine. I will miss him dearly and the Irish twinkle in his eye.

    Mr. Secretary, thanks for being here today. Under the last four years — under President Biden — the world is on fire now. From the debacle, the evacuation, poorly executed from Afghanistan, which then led, I believe, to Putin’s invasion of Ukraine — the largest land invasion since World War II in Europe — to the Middle East on fire now, to October 7th. I commend you for trying to seek peace in these hotspots, including the Indo-Pacific, which probably presents the greatest threat.

    I would be clear-eyed with Mr. Putin. I personally don’t think he’s negotiating in good faith. The Ayatollah cannot be trusted. In fact, it was recently reported that they got their proxy, Hamas, to invade Israel on October 7th to derail the normalization talks between Israel and Saudi Arabia.

    Let me go to the 1961 Foreign Assistance Act. It was initially created to counter the rise of the Soviet Union. Today, I believe it should be used to counter the influence of Communist China around the globe, and that’s a core mission I know you support, as do I. When I was chairman of this committee, I put holds on the programs the current chairman is talking about — that being the drag shows in Ecuador to grants to advance atheism in Nepal. These are not in the interest of the United States or our national security interests. 

    So, I think we need to return these agencies and programs to their core mission. I believe that you’re trying to do that by bringing them under your supervision at the State Department. It’s not a new idea. Madeline Albright tried to do that many years ago. And I do think under your supervision, that we’ll have transparency and accountability with the foreign assistance programs. 

    We are engaged in a reauthorization of the State Department. Sir, can you tell me how this would assist you, with respect to reorganization of these important agencies under your department?

    Secretary Rubio: Well, I think the key to reorganization — and by the way, we never did it in all the years that I was in the Senate either. It never happened. It needs to happen. We want it to happen. As you know, in our reorganization, we didn’t touch any of the statutory offices because we can’t. But there’s two advantages to it, or three advantages. 

    The first is it becomes permanent. We can create an organizational structure that becomes enduring, especially if it’s one that we believe in. Second, I think that it will help us with the input and ideas. Look, we provided the initial preliminary indication to Congress.

    We’ve been taking input — including from many on the minority — and some of those are going to be reflected when we put out our final approach that we want to take. But ultimately, we would love to work with the committee to find ways to improve on the streamlining.

    By the way, we’re also taking input from inside our building. Some of the ideas in our reorg — many of the ideas from our reorg — came from inside the State Department from career officials, including some that are still providing input for us on sort of how to structure it.

    But I think the advantage of doing it statutorily is that it becomes enduring and permanent and provides certainty in the days to come. Otherwise, you know, it can change over time and continue to bloat and expand to levels that it got to. It was an unreadable org chart. The org chart that I showed you — the initial org chart that I inherited — was just the top line. Within each one of those boxes, there were multiple boxes — some of them duplicative, redundant, and in many cases, no one could even tell us what they were doing, because it’s easy to grow. It’s much harder to reorganize and to streamline activity, and that’s what we want to do.

    Chair Emeritus McCaul: Well, it’s a very noble effort. With my one minute remaining, I authorized the Remain in Mexico program in this committee. I commend the administration; within a matter of months, [they] have restored order to the border, taking chaos and turned it into a safe border.

    I mean, the crossings have gone down 95%. There’s no longer catch and release. And I do think the executive order on Remain in Mexico is very important. I know you share that responsibility with the Department of Homeland Security — a committee I chaired as well. What is the latest on your negotiations with Mexico to bring that important program back?

    Secretary Rubio: Well, as you’re aware, I’m sure that we’ve had a number of what I recall, both irritants, but also areas of cooperation with the Mexican government. It’s been actually pretty positive. They have been very responsive on our security concerns. They’ve increased their security cooperation with us in ways that have been very productive.

    In fact, at some point here over the next few weeks, I intend to travel potentially to Mexico along with a couple other cabinet members to sort of finalize some of these areas of cooperation. This may be one we talk about, but we’ve been primarily focused with Mexico on two things.

    One is on trade — which is not my department — but obviously, our trade representative, Mr. Greer, and also Commerce Secretary Lutnick has been engaging with them. And then the other is on security cooperation. We have a mutual interest in Mexico. In essence, the cartels that operate within Mexico and threaten the state are armed from weapons that are bought in the United States and shipped there.

    We want to help stop that flow. The reverse is [that] those cartels threaten the state. There are parts of Mexico that are governed by cartels where there is — in fact, I think I heard last night — two more people were murdered in Mexico City associated with the mayor of Mexico City. The political violence there is real.

    They have a vested interest and a desire to go after these cartels, and we want to help equip them and provide them information. They’ve also been increasingly cooperative — more than ever before — in bringing back and extraditing people wanted in this country for crimes who are in their custody.

     So, I think we’ve got good areas of cooperation. We still have some more work to do on migration, but they’ve been cooperative. 

     

    ###

    MIL OSI USA News –

  • MIL-OSI Global: Most South African farmers are black: why Trump got it so wrong

    Source: The Conversation – Africa – By Johann Kirsten, Director of the Bureau for Economic Research, Stellenbosch University

    When world leaders engage, the assumption is always that they engage on issues based on verified facts, which their administrative staff are supposed to prepare. Under this assumption, we thought the meeting at the White House on 21 May between South Africa’s president, Cyril Ramaphosa, and US president Donald Trump would follow this pattern.

    Disappointingly, the televised meeting was horrifying to watch as it was based on misrepresenting the reality of life in South Africa.

    Issues of agriculture, farming and land (and rural crime) were central to the discussions. What is clear to us as agricultural economists is that the skewed views expressed by Trump about these issues originate in South Africa. This includes Trump’s statement: “But Blacks are not farmers.”

    In our work as agricultural economists, we have, in many pieces and books (our latest titled The Uncomfortable Truth about South Africa’s Agriculture), tried to present South Africans with the real facts about the political economy policy reforms and structural dimensions of South African agriculture.

    Writing on these matters was necessary given that official data – agricultural census 2017, as well as the official land audit of 2017 – all provide an incomplete picture of the real state and structure of South African agriculture. The reason is that the agricultural census, which is supposed to provide a comprehensive and inclusive assessment of the size and structure of the primary agricultural sector, and the land audit, which was supposed to record the ownership of all land in South Africa, are incomplete in their coverage.

    The incomplete and inaccurate official data provides fertile ground for radical statements by the left and the right – and novices on social media. This is why South Africa has to deal with falsehoods coming from the US. These include Trump’s statement that black people are not farmers in South Africa.

    South Africa is to blame for providing inaccurate data to feed these false narratives.

    The facts presented here should allow a more nuanced interpretation of South Africa’s farm structure. Firstly, there are more black farmers in South Africa than white farmers. And not all white commercial farm operations are “large-scale”, and not all black farmers are “small-scale”, “subsistence” or “emerging”. Most farm operations can be classified as micro, or small in scale.

    This is important so that one doesn’t view South Africa’s agriculture as mainly white farmers. Indeed, we are a country of two agricultures with black farmers mainly at small scale and accounting for roughly 10% of the commercial agricultural output. Still, this doesn’t mean they are not active in the sector. They mainly still require support to expand and increase output, but they are active.

    The facts

    In the wake of the circus in the Oval Office, we were amazed by the total silence of the many farmers’ organisations in South Africa. We have not seen one coming out to reject all of Trump’s claims. The only thing we can deduce from this is that these falsehoods suit the political position of some farmer organisations. But at what cost? Will many of their members be harmed by trade sanctions or tariffs against South Africa? The US is an important market for South Africa’s agriculture, accounting for 4% of the US$13.7 billion exports in 2024.

    When Ramaphosa highlighted the fact that crime, and rural crime in particular, has an impact on all South Africans and that more black people than white people are being killed, Trump’s response was disturbing, to say the least: “But Blacks are not farmers”. This requires an immediate fact check.

    We returned to the text from our chapter in the Handbook on the South African Economy we jointly prepared in 2021. In the extract below, we discuss the real numbers of farmers in South Africa and try to provide a sensible racial classification of farmers to denounce Trump’s silly statement.

    As highlighted earlier, the two latest agricultural censuses (2007 and 2017) are incomplete as they restricted the sample frame to farm businesses registered to pay value added tax. Only firms with a turnover of one million rands (US$55,500) qualify for VAT registration.

    We were able to expand the findings from the censuses with numbers from the 2011 population census and the 2016 community survey to better understand the total number of commercial farming units in South Africa. The Community Survey 2016 is a large-scale survey that happened between Censuses 2011 and 2021. The main objective was to provide population and household statistics at municipal level to government and the private sector, to support planning and decision-making.

    Data from the 2011 population census (extracted from three agricultural questions included in the census) shows that 2,879,638 households out of South Africa’s total population, or 19.9% of all households, were active in agriculture for subsistence or commercial purposes.

    Only 2% of these active households reported an annual income derived from agriculture above R307,000 (US$17,000). This translates into 57,592 households that can be considered commercial farmers, with agriculture as the main or only source of household income. This corresponds in some way with the 40,122 farming businesses that are registered for VAT as noted in the 2017 agricultural census report.

    If we use the numbers from the agricultural census it is evident almost 90% of all VAT-registered commercial farming businesses could be classified as micro or small-scale enterprises. If the farm businesses excluded from the census are accounted for under the assumption that they are too small for VAT registration, then the fact still stands that the vast majority of all farm enterprises in South Africa are small family farms.

    There are, however, 2,610 large farms (with turnover exceeding R22.5 million (US$1.2 million per annum) which are responsible for 67% of farm income and employed more than half the agricultural labour force of 757,000 farm workers in 2017.

    Another way to get to farm numbers is to use the 2016 Community Survey. Using the shares as shown in Table 2, we estimate there are 242,221 commercial farming households in South Africa, of which only 43,891 (18%) are white commercial farmers. (This is very much in line with the VAT registered farmers but also acknowledging the fact that many white farm businesses are not necessarily registered for VAT.)

    Let’s consider only the agricultural households with agriculture as their main source of income, surveyed in the 2016 community survey. We end up with a total of 132,700 households, of whom 93,000 (70%) are black farmers. This reality is something that policy makers and farm organisations find very difficult to deal with and it seems that Trump also found this too good to be true.

    We have tried here in a long winded way to deal with farm numbers and how to get to a race classification of farmers in South Africa. In the end we trust that we have managed to show that there are more black farmers in South Africa than white farmers. Their share in total output is smaller than that of their white counterparts. The National Agricultural Marketing Council puts black farmers’ share of agricultural production as roughly 10%. But these numbers are also incomplete and largely an undercount.

    It will always be challenging to get to the real number of black farmers’ share of agricultural output as nobody would ever know whether the potato or the cabbage on the shelf came from a farm owned by a black farmer or a white person but operated by a black farmer, for example. As South Africans know, the labour on farms, in pack houses, distribution systems and retail are all black. So, the sweat and hard work of black South African workers are integral to the food supply chain in South Africa.

    Let’s get these facts straight and promote them honestly.

    Wandile Sihlobo is the Chief Economist of the Agricultural Business Chamber of South Africa (Agbiz) and a member of the Presidential Economic Advisory Council (PEAC).

    Johann Kirsten 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. Most South African farmers are black: why Trump got it so wrong – https://theconversation.com/most-south-african-farmers-are-black-why-trump-got-it-so-wrong-257668

    MIL OSI – Global Reports –

  • MIL-OSI USA: Ranking Member Markey, Sen. Warren, Reps. Neal and McGovern Condemn Shuttering of Springfield SBA Office, Demand Accountability for Harms to Western Mass. Small Businesses

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Letter Text (PDF)

    Boston (May 28, 2025) – Senate Small Business and Entrepreneurship Committee Ranking Member Edward J. Markey (D-Mass.) today led his colleagues Senator Elizabeth Warren (D-Mass.) and Representatives Richard Neal (MA-01) and Jim McGovern (MA-02) in writing to Small Business Administration (SBA) Administrator Kelly Loeffler, slamming the closure of the Springfield, Massachusetts, SBA district office, which would leave Western Massachusetts and the Pioneer Valley without access to vital SBA services and support.

    The Trump administration is continuing its nonsensical war against small businesses, dismantling the infrastructure that supports them, and undermining the foundation of American entrepreneurship. The lawmakers urge Administrator Loeffler to stand up to DOGE, insist it reverse course, and work to keep the Springfield district office fully staffed, open, and operational.

    In the letter, the lawmakers write, “The SBA’s Springfield district office is not just a convenience for Western Massachusetts and Pioneer Valley small businesses, it is a lifeline. The district office helps build small business ecosystems by connecting rural, underserved, and emerging markets to federal resources that support local economies. The Springfield district office has served for years as an essential partner for Massachusetts entrepreneurs, offering small businesses critical guidance and expertise on applying for SBA loans and disaster relief programs, among other services. Closing this office will place a tremendous burden on small business owners, forcing them to take time away from their work and drive hours—in some cases a six-hour round trip—to the nearest SBA district office in Boston.”

    According to DOGE’s website, it has terminated 10 commercial leases in Massachusetts that house federal offices. Among the terminated leases, effective June 1, is 894 square feet of office space located at 1 Federal Street in Springfield, home to the SBA’s district office.

    There are no longer any employees working at the Springfield district office, with the last remaining staff member having left in recent weeks—and no plans exist to relocate the office and hire new employees.

    The lawmakers request responses by May 30, 2025, to questions including:

    • Who specifically authorized or approved the decision to terminate the lease for the SBA district office located at 1 Federal Street, Springfield, Massachusetts?
    • Did DOGE, SBA, or another federal agency or office initiate this decision? Did SBA object to or oppose the lease termination at any point? If so, please provide any documentation or summary of its position.
    • How does SBA plan to ensure that small business owners in Western Massachusetts, including rural and underserved areas, retain access to the in-person services previously provided by the Springfield office?
    • What accommodations, if any, will be made for small business owners who now face significant travel burdens to access SBA services in Boston or elsewhere? Has SBA considered the economic and logistical hardship the closure imposes on these small business owners?
    • Was there any public notice, stakeholder consultation, or opportunity for comment provided prior to the decision to close the Springfield office? If so, when and in what form did the notice or consultation occur? What feedback, if any, did local businesses, elected officials, or community leaders provide?

    On March 20, Senators Markey and Warren sent a letter to General Services Administration (GSA) Acting Administrator Stephen Ehikian, asking what factors went into GSA’s decision to cancel or not renew 17 leases in Massachusetts, including the Springfield District Office.

    MIL OSI USA News –

  • MIL-OSI Russia: Orders from US buyers rise significantly after China-US trade talks: Chinese Foreign Ministry spokesman

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, May 28 (Xinhua) — Since China and the United States held economic and trade talks in Geneva earlier this month, trade tensions between the two countries have eased, orders from U.S. buyers have increased significantly and shipping services are operating at full capacity, Foreign Ministry spokesperson Mao Ning said Wednesday.

    “This fully reflects the major mutual needs of each side,” Mao Ning said at a regular departmental press conference.

    Mao Ning’s statement followed comments made by Michael Hart, president of the American Chamber of Commerce in China, at the Global Trade and Investment Promotion Summit in Beijing last week, in which Hart noted that China is both an important market for American goods and an important supplier of goods to the United States.

    The essence of China-US trade and economic relations is mutual benefit and win-win, Mao Ning said, adding that trade and economic cooperation between the world’s two largest economies has brought tangible benefits to enterprises and consumers in both countries.

    Protectionism leads nowhere, Mao Ning continued, saying that China welcomes foreign enterprises, including American ones, to develop their businesses in China, deepen mutual cooperation, and jointly create favorable opportunities for a bright future. -0-

    MIL OSI Russia News –

  • MIL-OSI: WSO2 Acquires Leading API Analytics and Monetization Startup Moesif

    Source: GlobeNewswire (MIL-OSI)

    Austin, TX , May 28, 2025 (GLOBE NEWSWIRE) — WSO2, the leader in enterprise digital infrastructure technology, today announced it has acquired Moesif, a San Francisco-based startup specializing in advanced API analytics and monetization. The all-cash acquisition marks a strategic milestone in WSO2’s long-term plan to accelerate global growth through targeted inorganic opportunities.

    As part of the agreement, Moesif will operate as an independent subsidiary under WSO2’s API Management Business Unit. The Moesif brand and current product offering will be retained, and its leadership along with its team will continue to drive existing business and expand customer growth globally. Moesif customers will continue receiving the same level of service and support, while benefiting from WSO2’s global presence and expanded product offerings. Moesif’s advanced API analytics and monetization capabilities will also be integrated into WSO2’s product portfolio, bringing enhanced value to existing and future customers.

    “This acquisition is a first step in our strategy to establish WSO2 as a global technology leader through select inorganic opportunities,” said Dr. Sanjiva Weerawarana, founder and CEO of WSO2. “Moesif brings market-leading capabilities in API analytics and monetization, areas that are increasingly critical to digital businesses today. This is just the beginning—we’re committed to exploring further opportunities that align with our long-term goal to help enterprises deliver seamless, high-impact digital experiences.”

    The acquisition enhances WSO2’s positioning in the API management space by adding best-in-class analytics and monetization tools that help businesses optimize, measure, and generate revenue from their APIs. Moesif’s offerings will complement WSO2’s comprehensive API management platform, creating a synergy that benefits both customer bases.

    “Joining WSO2 is a natural next step in Moesif’s journey,” said Derric Gilling, founder and CEO of Moesif. “We share a deep commitment to empowering developers and businesses to build powerful digital experiences. As part of WSO2, we’ll continue to innovate rapidly, serve our customers with excellence, and now reach an even broader global audience.”

    WSO2 customers will start gaining access to Moesif’s capabilities as part of an enhanced product suite, while Moesif customers will benefit from WSO2’s global support infrastructure and expanded services.

    About WSO2
    Founded in 2005, WSO2 is the largest independent software vendor providing open-source API management, integration, and identity and access management (IAM) to thousands of enterprises in over 90 countries. WSO2’s products and platforms—including our next-gen internal developer platform, Choreo—empower organizations to leverage the full potential of artificial intelligence and APIs for securely delivering the next generation of AI-enabled digital services and applications. Our open-source, AI-driven, API-first approach frees developers and architects from vendor lock-in and enables rapid digital product creation. Recognized as leaders by industry analysts, WSO2 has more than 800 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US, with over USD100M in annual recurring revenue. Visit https://wso2.com to learn more. Follow WSO2 on LinkedIn and X (Twitter).

    About Moesif
    Moesif is the leading AI-driven API analytics and monetization platform that helps companies build better developer experiences, monitor API usage, and drive revenue. With powerful tools for observability, governance, and product-led growth, Moesif empowers engineering and product teams to optimize APIs as a business channel. Moesif serves customers across many industries including logistics, fintech, and enterprise software including leading enterprises like UPS, Covetrus, and UK Royal Mail. Moesif was founded in 2017 and is based in San Francisco, US. Investors include Craft Ventures, Merus Capital, Heavybit, and Fresco. Visit www.moesif.com to learn more.

    Trademarks and registered trademarks are the properties of their respective owners.

    The MIL Network –

  • MIL-OSI: Correction: NBPE – April Monthly Net Asset Value Estimate

    Source: GlobeNewswire (MIL-OSI)

    HEADLINE ALTERATION

    The headline for NB Private Equity Partners announcement released on 28/05/2025 at 07.00 am should read – NBPE – April Monthly Net Assety Value Estimate

    The announcement text is unchanged and is reproduced in full below.

    NBPE Announces April Monthly NAV Estimate

    St Peter Port, Guernsey 28 May 2025

    NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 April 2025 monthly NAV estimate.

    NAV Highlights (30 April 2025)

    • NAV per share was $27.29 (£20.43), a total return of 0.4% in the month
    • Approximately 62% of fair value based on private company valuation information as of Q1 2025 or based on 30 April 2025 quoted prices
    • Based on information received so far, private company valuations increased fair value by 0.4% during Q1 2025 on a constant currency basis
    • NBPE expects to receive additional updated Q1 2025 financial information which will be incorporated in future monthly NAV updates
    • $307 million of available liquidity at 30 April 2025
    • ~151k shares repurchased during April 2025 at a weighted average discount of 33% which were accretive to NAV by ~$0.02 per share. Year to date, NBPE has repurchased ~680k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.10 per share
    As of 30 April 2025 Year to Date One Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised    		 0.8% 3.4% 4.1%
    1.4%    		 87.7%
    13.4%    		 160.7%
    10.1%
    MSCI World TR (USD)*
    Annualised    		 (0.8%) 12.6% 39.0%
    11.6%    		 96.6%
    14.5%    		 157.2%
    9.9%
               
    Share price TR (GBP)*
    Annualised    		 (8.0%) (8.9%) 3.6%
    1.2%    		 99.0%
    14.7%    		 189.5%
    11.2%
    FTSE All-Share TR (GBP)*
    Annualised    		 4.3% 7.5% 22.6%
    7.0%    		 67.9%
    10.9%    		 75.9%
    5.8%

    * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

    Portfolio Update to 30 April 2025

    NAV performance during the month driven by:

    • 1.1% NAV increase ($13 million) attributable to changes in foreign exchange
    • 0.9% NAV decrease ($10 million) attributable to changes in prices of quoted holdings (which now constitute 5% of portfolio fair value)
    • 0.3% NAV increase ($4 million) from the value of private holdings
    • 0.2% NAV decrease ($3 million) attributable to expense accruals

    $53 million of realisations in 2025 year to date

    • $6 million of proceeds received during the month of April, consisting primarily of full and partial realisations of GFL, Corona Industrials and Inflection Energy

    $307 million of total liquidity at 30 April 2025

    • $97 million of cash and liquid investments with $210 million of undrawn credit line available

    2025 Share Buybacks

    • ~151k shares repurchased in April 2025 at a weighted average discount of 33%; buybacks were accretive to NAV by ~$0.02 per share
    • Year to date, NBPE has repurchased ~680k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.10 per share

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 30 April 2025 was based on the following information:

    • 5% of the portfolio was valued as of 30 April 2025
      • 5% in public securities
    • 57% of the portfolio was valued as of 31 March 2025
      • 57% in private direct investments
    • 38% of the portfolio was valued as of 31 December 2024
      • 38% in private direct investments

    For further information, please contact:

    NBPE Investor Relations        +44 (0) 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com  

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 30 April 2025)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer 83.9 6.6%
    Osaic 2019 Reverence Capital Financial Services 66.9 5.3%
    Solenis 2021 Platinum Equity Industrials 59.8 4.7%
    BeyondTrust 2018 Francisco Partners Technology / IT 47.7 3.8%
    Monroe Engineering 2021 AEA Investors Industrials 44.7 3.5%
    Business Services Company* 2017 Not Disclosed Business Services 40.1 3.2%
    Branded Cities Network 2017 Shamrock Capital Communications / Media 38.9 3.1%
    True Potential 2022 Cinven Financial Services 35.2 2.8%
    Mariner 2024 Leonard Green & Partners Financial Services 33.7 2.7%
    FDH Aero 2024 Audax Group Industrials 32.9 2.6%
    Marquee Brands 2014 Neuberger Berman Consumer 31.4 2.5%
    GFL (NYSE: GFL) 2018 BC Partners Business Services 30.6 2.4%
    Staples 2017 Sycamore Partners Business Services 29.6 2.3%
    Auctane 2021 Thoma Bravo Technology / IT 29.1 2.3%
    Fortna 2017 THL Industrials 28.7 2.3%
    Viant 2018 JLL Partners Healthcare 27.3 2.2%
    Stubhub 2020 Neuberger Berman Consumer 26.4 2.1%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT 26.3 2.1%
    Benecon 2024 TA Associates Healthcare 25.5 2.0%
    Agiliti 2019 THL Healthcare 25.3 2.0%
    Kroll 2020 Further Global / Stone Point Financial Services 25.0 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT 24.6 1.9%
    Excelitas 2022 AEA Investors Industrials 24.1 1.9%
    Addison Group 2021 Trilantic Capital Partners Business Services 23.8 1.9%
    Exact 2019 KKR Technology / IT 23.3 1.8%
    CH Guenther 2021 Pritzker Private Capital Consumer 21.2 1.7%
    Bylight 2017 Sagewind Partners Technology / IT 19.9 1.6%
    Constellation Automotive 2019 TDR Capital Business Services 19.0 1.5%
    Real Page 2021 Thoma Bravo Technology / IT 18.8 1.5%
    Tendam 2017 PAI Consumer 18.3 1.4%
    Total Top 30 Investments                             $982.1 77.6%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 77%
    Europe 22%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 22%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 12%
    Healthcare 9%
    Other 4%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 9%
    2017 16%
    2018 15%
    2019 13%
    2020 13%
    2021 18%
    2022 6%
    2023 2%
    2024 8%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025.

    1Based on net asset value.

    Attachment

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes Mai Park Capital to Linsco Channel

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 28, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Mai Park, CPWA®, has joined LPL’s employee advisor channel, Linsco by LPL Financial, aligning with existing firm Pence Wealth Management, to launch Mai Park Capital. She reported serving approximately $330 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch.

    Based in Newport Beach, Calif., Park transitioned to financial services in 2007 following a career as a high school science teacher. With more than 20 years of industry experience, Park focuses on estate planning, investment management, retirement planning, tax planning and wealth management, taking a holistic and comprehensive approach with the goal of fostering meaningful, multi-generational relationships.

    “Every client’s financial journey is unique, shaped by their individual values, goals and circumstances,” Park said. “That’s why I believe in taking a personalized approach to working with my clients, one that prioritizes active listening, empathy and experience. Then together, we create a customized roadmap for their financial journey, providing a clear direction, milestones and accountabilities.”

    Why Mai Park made the move to Linsco by LPL
    Looking to better serve her clients with enhanced technology and broader offerings, Park chose to move to LPL Financial and join the team at Pence Wealth Management. She was drawn to the Linsco model, which serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practices, their way. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team, dedicated marketing consultant and other resources that allow advisors to focus on their clients.

    “LPL has the size, scale and reputation that will allow me to serve my clients with a boutique-level of service while offering the freedom and flexibility to build my practice on my terms,” Park said. “Aligning with LPL and Pence Wealth Management offers me the ability to focus on my core strength — delivering an exceptional client experience.”

    Scott Posner, LPL Managing Director, Business Development, said, “We welcome Mai to the Linsco community and congratulate her and the Pence Wealth Management team on the launch of Mai Park Capital. At LPL, we recognize what it takes to launch and operate a thriving business and are committed to investing in streamlined and integrated business solutions designed to help advisors spend more time with their clients and differentiate their practices. We look forward to supporting Mai Park Capital for years to come.”

    Related
    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #742801

    The MIL Network –

  • MIL-OSI: Zero Hash Secures Regulatory Approval to Operate in Argentina, Accelerating Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    BUENOS AIRES, Argentina, May 28, 2025 (GLOBE NEWSWIRE) — Zero Hash, the leading crypto and stablecoin infrastructure platform, today announced it has secured regulatory approval to operate in Argentina through its approval as a registered Virtual Asset Service Provider (VASP) with the National Securities Commission (CNV) of Argentina. This marks another significant milestone in Zero Hash’s strategic global expansion plans. Zero Hash was awarded approval after completing a rigorous registration process overseen by Argentina’s financial regulatory authorities, who have established some of the most comprehensive crypto regulatory frameworks in Latin America.

    The newly obtained registration enables Zero Hash to onboard Argentinian customers to its growing suite of digital asset services, including stablecoin payments, payouts, and crypto trading services, in full compliance with local regulatory requirements. The achievement adds to Zero Hash’s extensive global regulatory footprint and marks Zero Hash’s continued growth in Latin America following its previous expansion into Brazil.

    “Securing regulatory approval in Argentina represents the continued acceleration in our international growth strategy,” said Edward Woodford, CEO of Zero Hash. “This registration allows us to serve the vibrant Argentinian market, reinforcing our commitment to operate within jurisdictional regulatory frameworks to serve customers anywhere, anytime, 24/7/365.”

    Argentina has emerged as one of Latin America’s most dynamic cryptocurrency markets. Research shows that 65% of Argentina’s population frequently uses mobile wallets and payment applications for transactions, one of the highest adoption rates in Latin America. Additionally, Argentina has the eighth-largest volume in stablecoin payouts among the more than 60 countries handled by Zero Hash’s global stablecoin payouts rail. Like other markets worldwide, Argentinians use digital assets to protect against high inflation and currency instability.

    The extensive regulatory process requires compliance with stringent anti-money laundering protocols, comprehensive KYC procedures, and robust security standards. With this approval, Zero Hash can now:

    • Provide compliant digital asset services to Argentinian businesses and consumers.
    • Establish local operations to better serve the regional market.
    • Contribute to the growth of Argentina’s emerging digital economy.

    “We build our business through proper regulatory channels,” added Stephen Gardner, Chief Legal Officer at Zero Hash. “Our approach has always been to work collaboratively with local regulators to ensure we meet or exceed compliance requirements in every market we enter.”

    This regulatory approval comes at a crucial time for Argentina’s growing freelance workforce. Recent survey data highlights significant challenges within the country’s traditional financial infrastructure, with 88% of respondents indicating that current local banking and payment systems fail to adequately serve freelancers due to high fees, currency volatility issues, and payment delays.

    “Our entry into Argentina addresses a genuine market need,” added Woodford. “Our research shows that an overwhelming 92% of Argentinian freelancers prefer cryptocurrency payment options. We’ve incorporated these options for our local teams in Argentina, recognizing they deserve fair compensation without diminishing their earnings through unfavorable exchange rates. This reflects the real-world utility of digital assets in providing financial stability, reducing transaction costs, and enabling timely compensation for services rendered.”

    About Zero Hash
    Zero Hash is the leading infrastructure provider for crypto, stablecoin, and tokenized assets. Its API and embeddable dev-kit enables innovators to easily launch solutions across cross-border payments, commerce, trading, remittance, payroll, tokenization and on/off-ramps.

    Zero Hash powers solutions for some of the largest and innovative companies including Interactive Brokers, Stripe, Shift4, Franklin Templeton, Felix Pago, Kalshi and LightSpark. Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

    In the United States, Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 U.S. jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Zero Hash Trust Company LLC has been approved by the North Carolina Commissioner of Banks as a non-depository trust company. For information about our global regulatory footprint, including our Argentinian registrations, see here.

    Zero Hash Disclosures

    The Zero Hash services and product offerings may not be available in all jurisdictions, including in the State of New York. Crypto and stablecoin holdings held in Zero Hash accounts are not subject to FDIC or SIPC protections in the U.S., or any such equivalent protections that may exist outside of the U.S. Zero Hash’s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.

    Learn more by visiting zerohash.com or following us on X @ZeroHashX

    Media Contacts
    Zero Hash
    Shaun O’Keeffe
    (855) 744-7333
    media@zerohash.com 

    The MIL Network –

  • MIL-OSI Africa: African Economic Outlook 2025—Africa’s short-term outlook resilient despite global economic and political headwinds

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

    ABIDJAN, Ivory Coast, May 28, 2025/APO Group/ —

    Africa’s economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group (www.AfDB.org) said Tuesday in its flagship 2025 African Economic Outlook report. 

    Despite the prevailing domestic and external challenges  Africa continues to demonstrate notable resilience. The report, titled “Making Africa’s Capital Work Better for Africa’s Development,” was released during the Bank Group’s 2025 Annual Meetings, taking place in Abidjan, Côte d’Ivoire. It demonstrates the continent’s capacity to weather multiple shocks while identifying pathways to unlock a vast potential for transformation.  

    Strong growth outlook despite global headwinds 

    The report presents encouraging projections despite significant challenges: 

    • 21 African countries will achieve growth exceeding 5 percent in 2025, with four countries—Ethiopia, Niger, Rwanda, and Senegal—potentially reaching the critical 7 percent threshold required for poverty reduction and inclusive growth. 
    • Africa’s projected growth rates will surpass the global average and outpace most other regions except emerging and developing Asia. 
    • Africa’s continued resilience is built on effective domestic reforms and improved macroeconomic management. 

    Mixed growth performance across Africa’s regions 

    Growth prospects vary significantly across regions: East Africa leads with a projected 5.9 percent growth in 2025-2026, driven by resilience in Ethiopia, Rwanda, and Tanzania. West Africa maintains solid 4.3 percent growth, driven by new oil and gas production coming onstream in Senegal and Niger. In the face of persistent headwinds, North Africa is expected to register 3.6 percent growth in 2025. In Central Africa, growth is projected to slow to 3.2% and Southern Africa will grow at only 2.2 percent, with its largest economy, South Africa, expected to achieve only 0.8 percent growth 

    Significant challenges persist. Fifteen countries are experiencing double-digit inflation, while interest payments now consume 27.5 percent of government revenue across Africa, up from 19 percent in 2019. 

    “Africa must now face the challenge and look inwards to mobilizing the resources needed to finance its own development in the years ahead,” said Prof. Kevin Chika Urama, Chief Economist and Vice President of the African Development Bank Group, presenting the report’s findings.  

    Massive domestic resource potential remains untapped  

    The AEO 2025 estimates that, with the right policies, Africa could mobilize an additional $1.43 trillion in domestic resources from tax and non-tax revenue sources through efficiency gains alone. Africa’s extraordinary but underutilized resource base includes: 

    • Natural capital: Africa hosts 30 percent of global mineral reserves and could capture over 10 percent of the projected $16 trillion in revenues from key green minerals by 2030 
    • Human capital: The continent’s median age of 19 represents a demographic dividend that could add $47 billion to Africa’s GDP through improved workforce participation 
    • Financial capital: Pension fund assets have grown to $1.1 trillion, while formal remittances could reach $500 billion by 2035 if transfer costs are reduced 
    • Business capital: Full implementation of the African Continental Free Trade Area could increase exports by $560 billion and boost continental income by $450 billion by 2035 

    Urgent action needed to address resource leakages 

    The report stresses that massive capital outflows are undermining the continent’s development. Compared to $190.7 billion of financial inflows received in 2022, Africa lost approximately $587 billion from financial leakages. Of this, around $90 billion was lost to illicit financial flows, a further $275 billion  siphoned away by multinational corporations shifting profits, and $148 billion lost to corruption. 

    Vice President Urama said: “When Africa allocates its own capital (human, natural, fiscal, business and financial) effectively, global capital will follow Africa’s capital to accelerate investments in productive sectors in Africa.” 

    Key policy recommendations 

    “There can be no substitute to sound macroeconomic policy management, quality institutions and good governance,  and rule of law.” VP Urama said, emphasizing the vital need to bolster governance. 

    The report also calls for comprehensive reforms across several critical areas. On fiscal revenue mobilization, it recommends enhancing tax administration through digitalization, broadening national tax bases, and strengthening social contracts with citizens to improve compliance. It advocates making natural capital accounting mandatory and enforcing domestic value retention through beneficiation requirements.  

    The AEO also emphasizes the need to deepen financial markets by tapping institutional savings, developing local currency bond markets, and harmonizing regulatory frameworks to facilitate cross-border investment.  

    The African Economic Outlook: The 2025 African Economic Outlook provides a comprehensive roadmap for unlocking Africa’s transformation potential through better mobilization and utilization of domestic capital resources. 

    MIL OSI Africa –

  • MIL-OSI Canada: Statement to mark Menstrual Hygiene Day

    Source: Government of Canada News

    May 28, 2025 – Ottawa, Ontario — Women and Gender Equality Canada

    The Honourable Rechie Valdez, Minister for Women and Gender Equality and Secretary of State (Small Business and Tourism), made the following statement on Menstrual Hygiene Day.

    “Menstrual Hygiene Day is a reminder that we must always tackle the stigma around menstruation – and the very real impact that period poverty has on people’s lives.

    Menstrual equity also has an important impact on the economy, as period poverty can affect workforce participation, contribute to absenteeism, and limit productivity. For instance, 15% of people in Canada who menstruate say their inability to afford menstrual products holds them back from participating in daily activities, such as attending school or work. Through Food Banks Canada we are running the Menstrual Equity Fund pilot to address barriers to accessing menstrual products. This initiative is dedicated to ensuring that menstruation is never a barrier to education or employment.

    This Menstrual Hygiene Day let’s help raise awareness on what menstrual equity really means. Let’s keep pushing to end period poverty in Canada. Join the conversation online by using #MHDay2025 and help challenge taboos and make menstrual health a priority.”

    MIL OSI Canada News –

  • MIL-OSI Global: Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis

    Source: The Conversation – USA – By Sean Campbell, Investigative Journalist, The Conversation

    The Mexican security forces tracking Nemesio Oseguera Cervantes – the leader of a deadly drug cartel that has been a top driver of violence in Mexico and narcotic addiction in America – thought they finally had him cornered on May 1, 2015.

    Four helicopters carrying an arrest team whirled over the mountains near Mexico’s southwestern coast toward Cervantes’ compound in the town of Villa Purificación, the heart of the infamous Jalisco Nueva Generación cartel.

    As the lead helicopter pulled within range, bullets from a truck-mounted, military-grade machine gun on the ground struck the engine. Before it reached the ground, the massive helicopter was hit by a pair of rocket-powered grenades.

    This .50-caliber cartridge was found stuck in the truck-mounted Browning M2HB machine gun that the Jalisco Nueva Generación cartel used to damage a Mexican Security Forces Super Cougar helicopter.
    ATF

    Four soldiers from Mexico’s Secretariat of National Defense were killed in the crash. Three more soldiers were killed in the firefight that followed, and another 12 were injured.

    The engagement was the first known incident of a cartel shooting down a military aircraft in Mexico. The cartel’s retaliation for the attempted arrest was swift and brutal. It set fire to trucks, buses, banks, gasoline stations and businesses. The distractions worked. Cervantes, also known as “El Mencho,” escaped.

    The Browning machine gun that took down the helicopter was traced to a legal firearm purchase in Oregon made by a U.S. citizen. And a Barrett .50-caliber rifle used in the ambush was traced to a sale in a U.S. gun shop in Texas 4½ years before.

    Many military-grade weapons like these are trafficked into Mexico from the U.S. each year, aided by loose standards for firearm dealers and gun laws that favor illicit sales.

    We – a professor of economic development who has been tracking gun trafficking for more than 10 years, and an investigative journalist – spent a year sifting through documents to find the number, origins and characteristics of weapons flowing from the U.S. to Mexico.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives – the agency known as ATF tasked with regulating the industry – publishes the number of U.S. guns seized in Mexico and traced back to U.S. dealers, but it doesn’t provide an official trafficking estimate. The 2003 Tiahrt Amendments bar the ATF from creating a database of firearm sales and prohibit federal agencies from sharing detailed trace data outside of law enforcement.

    To estimate weapons flow, we gathered trafficking estimates, including leaked data, previous research, firearm manufacturing totals and the ATF trace data.

    The model we generated gave us a conservative middle estimate: About 135,000 firearms were trafficked across the border in 2022. In contrast, Ukraine, engaged in a war with Russia, received 40,000 small arms from the United States between January 2020 and April 2024 – an average of 9,000 per year.

    Our analysis also found:

    • This flow of weapons is connected to the drug trade in the U.S. and enables increased gang violence in Mexico, causing more people to flee across the border.

    • An increase in guns trafficked to Mexico from the U.S. relates to an increase in Mexico’s homicide rate.

    • More of the most destructive weapons come from independent gun dealers versus large chain stores – 16 times as many assault-style weapons and 60 times as many sniper rifles.

    • The trafficking flow drives an arms race between criminals and Mexican law enforcement; the U.S. gun industry profits on sales to both.

    • ATF oversight of dealers reduces the likelihood their guns are resold on the illicit market.

    Following the flow

    Since 2008, the U.S. has spent more than US$3 billion to help stabilize Mexico through the rule of law and stem its surges of extreme violence, much of it committed with U.S. firearms. Many programs are funded through the U.S. State Department, which is facing budget cuts, and the U.S. Agency for International Development, which has sustained deep cuts.

    Meanwhile, the gun industry and its supporters have undercut these efforts by fighting measures to regulate gun sales.

    From 2015-2023, 185,000 guns linked to crimes in Mexico were sent to the ATF to be traced – the process of using a firearm’s serial number and other characteristics to identify the trail of gun ownership. About 125,000 of those weapons have been traced back to the U.S.

    Our analyses show that U.S.-Mexico firearms trafficking has dire implications for ordinary Mexicans – and that U.S. regulatory actions can have an enormous impact. This adds to a growing body of research tying U.S.-sold guns to Mexico-based gangs and cartels, illegal drug trafficking, homicide rates, corruption of Mexican officials, illicit financial transactions and migration trends.

    Oregon guns tied to cartel

    The Jalisco Nueva Generación cartel is poised to be the biggest player in the drug cartel game. El Mencho, still at large, is one of the most powerful people directing the flow of heroin, fentanyl and methamphetamines into the United States, while orchestrating campaigns of fear, intimidation and displacement in Mexico.

    The Browning .50-caliber rifle that aided El Mencho’s evasion in 2015 was manufactured by a company based in Morgan, Utah, and legally sold to Erik Flores Elortegui, a U.S. citizen.

    Elortegui fled the country after he was indicted in Oregon for smuggling guns into Mexico and is now at the top of the ATF’s most wanted list. He wasn’t alone in his gunrunning schemes. According to a grand jury indictment, Elortegui purchased 20 firearms through an accomplice, Robert Allen Cummins, in 2013 and 2014. Cummins was straw purchasing – buying weapons under his name for Elortegui.

    Two of the .50-caliber weapons that Cummins purchased for Elortegui – the long rifles on the right – were among those later recovered from a tractor trailer in Sonora, Mexico. USA v. Robert Allen Cummins.
    USA v. Robert Allen Cummins

    Before she gave Cummins a 40-month prison sentence in 2017, Judge Ann Aiken admonished him for the pain and suffering his weapons were likely going to cause. She told him to read “Dreamland,” which chronicles America’s opioid crisis and its connection to Mexican drug cartels.

    Guns and violence

    In 2021 the ATF teamed up with academics to produce the National Firearms Commerce and Trafficking Assessment. It showed that the share of firearms trafficked to Mexico, already the top market for illegal U.S.-to-foreign gun transfer, increased by 20% from 2017 to 2021.

    Gun sales are strictly regulated within Mexico. But homicides have risen to disturbing heights – three times that of the U.S. – since the lapse of the U.S. assault weapons ban in 2004. Research suggests the two are linked.

    After their mother was killed by organized crime five years ago, Emylce Ines Espinoza-Alarcon’s sister’s family migrated to the States, she said.

    Espinoza-Alarcon, her children and other relatives were more recently driven from their homes by violence. “As a parent, you try to flee to a different place where they might be safe,” Espinoza-Alarcon said. She said she believes American weapons are to blame, but there “is nowhere else for us to go.”

    Emylce Ines Espinoza-Alarcon holds her toddler as she listens while her aunt, Alicia Zomora-Guevara, front, describes the cartel attack on her town that forced their families into exile. Zomora-Guevara’s son, Kevin Jait Alarcon-Zamora, stands to the right, and Espinoza-Alarcon’s son and teenage daughter sit on the Mexico City hotel room bed in front of her.
    Sean Campbell, CC BY-ND

    A 2023 survey found that 88% of the 180,000 Mexican migrants to the U.S. that year were fleeing violence – a flip from 2017 when most were coming for economic opportunity.

    The ATF’s enforcement

    ATF inspections keep illicit guns in check, our analysis shows.

    The agency’s primary enforcement tools are inspections, violations reports, warning letters and meetings, and, when inspectors find violations that are reckless or willfully endanger the public, revocation notices.

    But the bureau’s 2025 congressional budget request points out that it would need 1,509 field investigators to reach its goal of inspecting each dealer at least once every three years.

    The ATF is “focusing on identifying and addressing willful violations,” a spokesperson wrote in a November 2024 email, referring to the zero-tolerance revocation policy the Biden administration put in place in 2021 that dramatically increased the number of revocations.

    Meanwhile, the ATF announced in April 2025 that it was repealing the revocation policy and reviewing recent rules, including one that clarifies when a gun is a rifle. The webpage listing revocations, including detailed reports, was also removed from the ATF site.

    This is a condensed version. To learn more about the connections between U.S. gun sales, U.S. regulations, Mexican drug cartels and migration, read the full investigation

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

    – ref. Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis – https://theconversation.com/guns-bought-in-the-us-and-trafficked-to-mexican-drug-cartels-fuel-violence-in-mexico-and-the-migration-crisis-256070

    MIL OSI – Global Reports –

  • MIL-OSI Global: High electricity prices zapping your budget? Here are 5 ways to save

    Source: The Conversation – USA – By Hannah Wiseman, Professor of Law, Penn State

    Pennsylvania residents may get sticker shock when they see their electric bills this summer. Aging infrastructure, extreme weather, transmission bottlenecks and increased demand are sending electricity rates soaring.

    Widespread rate hikes across the commonwealth started in December 2024 and are continuing in 2025. Rising prices are related to how the wholesale electricity market in Pennsylvania operates, among other factors. Utilities are paying much more than in previous years to ensure they can meet their customers’ future demand, and these costs are being passed on to consumers.

    For example, Philadelphia residents were among those hit with a 10% rate increase that went into effect in January 2025 for all residential customers of PECO, Pennsylvania’s largest electric and gas utility. Some of PECO’s residential customers will see an additional 12.5% rate increase kick in on June 1, 2025.

    A notice from PECO sent May 21, 2025.

    As Penn State University professors who research energy law and electricity markets, we want to suggest five ways Pennsylvania consumers can lower their electric bills amid price hikes.

    1. Use less

    Much like when gasoline prices rise, the best response for individual consumers when electric rates go up is often to use less electricity.

    The largest efficiency improvements typically involve weatherizing a home – for example, adding insulation or sealing drafty windows and doors. Installing energy-efficient appliances such as heat pumps or changing your thermostat setting a few degrees can also save money.

    Weatherization has an added benefit: improved health. In addition to maintaining a more comfortable indoor temperature, weatherizing paired with ventilation improvements can improve indoor air quality and control indoor moisture and mold.

    Making a home more energy efficient can be tricky for low-income people, who might not be able to afford the costs, and renters, who don’t own the premises. However, Pennsylvania offers several programs to help residents make energy efficiency improvements, and organizations such as the Philadelphia Energy Authority try to reach low-income households.

    Through the state’s low income usage reduction program, eligible tenants can receive help installing energy-saving features with written permission from their landlord. The multifamily weatherization assistance program has also provided grants for weatherization measures such as insulation and “air sealing to reduce infiltration” in buildings with five or more units that meet income criteria for residents.

    In Pennsylvania, residential electricity rates are expected to climb 10% or more in each of the next three years.
    MStudioImages/E+ Collection via Getty Images

    2. Shop around – but buyer beware

    Pennsylvania has what is called “retail electricity choice,” which means residents can pick who generates their electricity. For example, consumers can shop around for different rates charged per kilowatt-hour of electricity they consume or for electricity produced from wind and solar power.

    But electricity customers cannot choose who carries that electricity to their residences. That is done by a regulated electric distribution company, or utility, with a monopoly on service.

    Consumers can sometimes reduce their bills by choosing a cheaper offer for generation. But retail choice can be risky if consumers do not carefully read the conditions of the contract.

    For example, some plans charge a higher rate than the default rate from the distribution company. Others charge different rates depending on whether the electricity is consumed during peak or off-peak hours. And still others lock customers into long contracts at a fixed price. This becomes undesirable if the default electricity rate drops lower than the contracted rate.

    3. Try solar

    For those who own their home, installing rooftop solar panels is another way to avoid higher electric bills.

    The cost of solar panels has fallen steadily for many years, and rising electric rates make the economics of solar better.

    Central Columbia High School in Bloomsburg, Pa., installed solar panels to offset power consumption.
    Paul Weaver/SOPA Images/LightRocket via Getty Images

    Pennsylvania also has fairly advantageous rules for “net metering, which allows solar homeowners to get credits from the utility for excess solar power fed back into the grid.

    For example, say a customer uses 1,000 kilowatt-hours of electricity in a month and their rooftop solar panels generate 1,200 kilowatt-hours. They won’t have to pay for the 1,000 kilowatt-hours they used, and those additional 200 kilowatt-hours will be credited on their next monthly electric bill.

    Additionally, a number of federal and state tax incentives are available for rooftop solar energy in Pennsylvania. These incentives offset some of the up-front costs of installing solar panels.

    Buying solar panels is a high up-front expense, however, even with tax credits. Programs such as Solarize Greater Philadelphia can help reduce the cost. But keep in mind that not all properties have roofs that are large, strong or sunny enough to benefit from solar.

    For homeowners with suitable roofs, third-party solar is another option. This is when a company installs and continues owning the solar panels and charges the customer a fixed rate for the electricity produced by the solar panels. This rate is typically cheaper than the rate offered by the utility. But as with any contract, consumers need to read the fine print carefully and understand the long-term obligation.

    4. Go to a public hearing

    Local electric utilities are regulated by the Pennsylvania Public Utility Commission. Pennsylvania residents can file formal complaints with the PUC about rate hikes, or they can attend one of PUC’s public input hearings.

    At these hearings, consumers can voice their concerns or argue against certain utility expenditures, such as lobbying expenses that utilities sometimes recoup through charges to customers.

    Consumers might want to pay particular attention to the commission’s proceedings as it considers new electric rates and regulation for data centers and other large-load customers. These rates will determine which costs are shouldered by the data center operators and which costs wind up on the electric bills of all Pennsylvanians.

    Consumers can file comments to advocate for a rate-sharing plan they believe will be fair.

    5. Think holistically

    As Americans continue to digitize their lives, electricity demand – and therefore prices – will likely continue to rise.

    Existing electric power grids are strained by increasing demand.
    Joe Raedle via Getty Images

    Given that growing electricity demand contributes to higher future rates, consumers may want to think about the energy-intensive online applications they use, such as data storage and all the AI features that tech companies are integrating into their products.

    Consumers might also want to consider the types of energy they want produced in their neighborhood. Many people understandably oppose constructing new energy facilities in their communities due to the aesthetic impacts, use of land and in some cases pollution. But this opposition can also slow the construction of new energy generation.

    Better processes for community involvement can enable the construction of generation with fewer negative impacts. These processes include, among other things, more detailed developer-community discussions and more comprehensive and thoughtful community benefits agreements. These agreements allow communities to negotiate services and resources that the energy developer will provide them. Such offerings might include vocational training programs, financial or other donations, or commitments to hire local labor.

    Read more of our stories about Philadelphia and Pennsylvania.

    Hannah Wiseman receives or has recently received funding from the Alfred P. Sloan Foundation, Arnold Ventures, U.S. National Science Foundation, U.S. Department of Energy, Center for Rural Pennsylvania, and the Pennsylvania Department of Environmental Protection. She is a member of the Center for Progressive Reform.

    Seth Blumsack receives or has recently received funding from the Alfred P. Sloan Foundation, Heising Simons Foundation, U.S. National Science Foundation, U.S. Department of Energy, NASA, U.S. Federal Aviation Administration, Center for Rural Pennsylvania and the Pennsylvania Department of Environmental Protection.

    – ref. High electricity prices zapping your budget? Here are 5 ways to save – https://theconversation.com/high-electricity-prices-zapping-your-budget-here-are-5-ways-to-save-256049

    MIL OSI – Global Reports –

  • MIL-OSI: Primech A&P Secures New Contracts and Extensions Worth Over $2.6 Million for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 28, 2025 (GLOBE NEWSWIRE) — Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced several newly secured contracts and extensions for the first quarter of 2025, with a total value exceeding $2.59 million.

    The latest contract wins and extensions include:

    • Secured a 2-year contract (January 2025 to December 2026) valued at $774,470 for public area cleaning and housekeeping services at a prominent international hotel chain in Singapore’s prime Orchard Road shopping district.
       
    • Secured a 2-year contract (April 2025 to March 2027) valued at $676,150 for comprehensive cleaning services at a premium residential condominium development.
       
    • Secured a 6-month extension (January through June 2025) valued at $563,620 for specialized cleaning services at a popular themed food destination within a major tourist attraction in Singapore.
       
    • Secured a 1-year contract (May 2025 to April 2026) valued at $257,540 for cleaning services at an upscale residential condominium development in Singapore.
       
    • Secured a 4-month extension (January through April 2025) valued at $168,150 for public area cleaning services at a prestigious international hotel in Singapore’s Central Business District.
       
    • Secured a 1-year contract (January 2025 to January 2026) valued at $148,230 for cleaning services at a mid-sized residential condominium, expanding Primech’s residential service portfolio.

    Mr. Khazid Omar, Chief Operating Officer of Primech A & P, commented, “We are delighted to announce these significant new contract wins and extensions across multiple sectors. These agreements underscore our clients’ confidence in our service quality and reflect our focus on expanding our presence in the premium residential and hospitality markets. As we continue integrating advanced technologies into our operations, we remain committed to delivering exceptional facility services tailored to each client’s unique requirements. These contracts provide a strong foundation for our growth trajectory in 2025 and beyond.”

    About Primech Holdings Limited

    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:

    Email: ir@primech.com.sg

    Investor Relations Contact:        

    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

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