NewzIntel.com

Category: CTF

  • MIL-OSI Asia-Pac: 24 pacts exchanged in Kuwait

    Source: Hong Kong Information Services

    Chief Executive John Lee continued his visit to Kuwait today by meeting representatives of the Kuwait Direct Investment Promotion Authority, exchanging views with local political and business leaders, and witnessing the reaching of multiple pacts between government departments, enterprises and organisations of Hong Kong, the Mainland and Kuwait.

    In the morning, Mr Lee met Kuwait Direct Investment Promotion Authority Director General Meshaal Jaber Al-Ahmad Al-Sabah to learn about Kuwait’s strategies and achievements in attracting business and investment.

    Noting that Kuwait was Hong Kong’s sixth-largest trading partner in the Middle East last year, Mr Lee said there is significant room for development in trade and business between the two places. He also stressed that Hong Kong will continue to serve as a bridge to assist enterprises in going global and attracting external investment, welcoming Kuwaiti enterprises to leverage the city’s financing support and professional services to explore international markets.

    Afterwards, the Chief Executive attended a business luncheon where he delivered a speech to near 300 local business leaders to promote Hong Kong’s business advantages and development opportunities. Moreover, government departments, enterprises and organisations from Hong Kong, the Mainland and Kuwait exchanged and announced 24 memoranda of understanding and co-operation agreements, covering areas such as economy and trade, investment, financial services, technology, legal co-operation, cargo clearance and flow, aviation, and post-secondary education.

    Mr Lee highlighted that merchandise trade between Hong Kong and the Cooperation Council for the Arab States of the Gulf reached nearly US$20 billion last year, an increase of over 53% in the past four years, while Hong Kong’s merchandise trade with Kuwait last year amounted to US$200 million, up more than 20% from the previous year.

    Hong Kong, an international financial centre as well as the world’s largest offshore renminbi business hub, will give full play to its role as a “super connector” and “super value-adder” to deepen international exchanges and co-operation, Mr Lee pointed out, adding that he believes the ties between Hong Kong and Kuwait will continue to flourish.

    In the afternoon, Mr Lee visited Zain Group a major mobile telecommunications company, to learn about its business in innovative technologies and digital communications, and exchanged views with company representatives on topics such as drones, artificial intelligence and smart city development. He remarked that Hong Kong is actively developing into an international innovation and technology centre, and he welcomes the company to invest and pursue co-operation opportunities in Hong Kong.

    The Chief Executive also hosted a dinner for members of the business delegation comprising representatives from Hong Kong and Mainland enterprises to thank them for their participation in the programme of the past four days, and for working together to explore co-operation opportunities for Hong Kong and the Mainland in the Middle East.

    He will return to Hong Kong tomorrow.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Dstl’s pivotal role in StormShroud uncrewed aircraft capability

    Source: United Kingdom – Executive Government & Departments

    News story

    Dstl’s pivotal role in StormShroud uncrewed aircraft capability

    New autonomous platform set to boost UK defence capability, economic growth and job creation.

    The Defence Science and Technology Laboratory (Dstl) has played a crucial role in developing StormShroud, a new uncrewed aircraft system recently announced by Prime Minister Sir Keir Starmer during a visit to Leonardo UK’s Luton site.

    StormShroud is the first of a new family of Autonomous Collaborative Platforms (ACP) designed to make RAF combat aircraft more survivable and more lethal in contested battlespaces.

    The system consists of the TEKEVER AR3 uncrewed air platform integrated with Leonardo’s BriteStorm Electronic Warfare payload. It offers increased survivability to RAF jets and crew through disruption and deception of enemy radars.

    Dr Paul Hollinshead, Chief Executive of Dstl, said:

    “This achievement demonstrates how Dstl’s world-class research directly contributes to operational advantage for our Armed Forces.

    “StormShroud represents our commitment to delivering mission-winning science and technology at pace, supporting both mission success and economic growth through close collaboration with industry partners.”

    StormShroud has been a collaborative effort involving the following:

    • Dstl
    • RAF’s Rapid Capabilities Office
    • Defence Equipment & Support (DE&S)
    • UK defence industry partners

    RAF Air Chief Marshal Sir Rich Knighton called the announcement:

    “This is a seminal moment for the RAF to maintain our advantage in Air Combat and national security. Autonomous Collaborative Platforms will revolutionise how we conduct a range of missions, from intelligence gathering to strike and logistical support.”

    Dstl’s contribution

    Dstl has delivered significant impact at all levels of the project through:

    • world-class research, technical expertise and advice on electronic warfare capabilities
    • embedded technical leadership within the RAF Rapid Capabilities Office and Air and Space Warfare Centre
    • operational analysis informing RAF requirements
    • trials event design, participation and analysis

    Creating jobs and boosting the economy

    The StormShroud project is creating significant economic benefits across the UK, which include:

    • supporting over 300 high-skilled jobs in the British defence technology sector
    • creating a supply chain involving more than 45 UK small and medium-sized enterprises
    • generating an estimated £175 million in economic activity over the next 5 years
    • establishing the UK as a global leader in autonomous defence technology, opening export opportunities
    • developing transferable skills and technologies with applications in civilian sectors

    The announcement reinforces defence’s commitment to integrating autonomous systems in future forces, aligning with the Defence Drone Strategy, RAF Autonomous Collaborative Platforms Strategy, and across the Front Line Commands.

    Dstl continues to support StormShroud development and future Air Domain ACP capabilities through various projects that aim to enhance coherence and drive exploitation of technology in this field.

    Find out more about how Dstl delivers mission success through science and technology advantage.

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Lord Chancellor and MOJ Permanent Secretary Prison Capacity Press Conference

    Source: United Kingdom – Executive Government & Departments

    Speech

    Lord Chancellor and MOJ Permanent Secretary Prison Capacity Press Conference

    The Rt Hon Shabana Mahmood MP and Amy Rees CB spoke in a briefing at Downing Street about the extent of the prison capacity crisis and plans to counter it.

    Political content has been removed from this transcript.

    Good afternoon, everyone.  

    We are here today to talk about the situation in our prisons. 

    When I took office, nearly a year ago, I inherited prisons on the brink of collapse. 

    Despite the immediate measures we took to avert disaster, this crisis has not gone away.  

    David Gauke will soon publish his sentencing review.  

    It will set out how we end this cycle of crisis once and for all. 

    But today, I will talk about the situation that we face now… 

    And further measures that we must take to stabilise the prison population. 

    To do so, I would first like to turn to Amy Rees.  

    Until recently, Amy was Chief Executive of His Majesty’s Prison and Probation Service – having started out, 24 years ago, as a Prison Officer on the wings. 

    Now the Department’s interim Permanent Secretary, Amy will set out the scale of the challenge we face today.  

    [AMY REES]  

    Thank you, Lord Chancellor.  

    The total prison population is 88,087 – and the adult male estate is operating at approximately 99 percent of its capacity.   

    Every year, on our current trajectory, the prison population rises by 3,000.  

    And we now expect to hit zero capacity – to entirely run out of prison places for adult men – in November of this year.   

    The population has been rising, rapidly, for many years.  

    In 1993, the population was less than half its current level – at around 40,000 prisoners. 

    When I first joined the Service, in 2001, it was 65,000.  

    In recent years, it has accelerated rapidly to its current levels, and is forecast to be more than 100,000 by 2029.  

    The primary cause of this is clear.  

    Sentence lengths have increased considerably.  

    In 2005, the average custodial sentence was 13 months.  

    By 2023, it was 21 months – a 66 percent increase.  

    We now have a larger population of sentenced prisoners in our prisons – serving longer sentences than they used to.  

    While this is the primary cause, it is not the only cause.  

    The number of offenders brought back to prison after being released – known as recall – is a significant, though lesser, contributing factor.  

    In 1993, this ‘recalled’ population in prison was virtually non-existent at just 100 prisoners.  

    By 2018, it was 6,000.  

    And since then, levels have soared – more than doubling to 13,600 in March this year.  

    Until now, successive governments have attempted to manage prison capacity primarily by carrying out early releases. 

    In late 2023, the prison system was running at around 99 percent of its capacity.  

    Faced with the prospect of running out of prison places altogether, the End of Custody Supervised Licence Scheme was introduced in October 2023.  

    This meant eligible prisoners were automatically released up to 18 days before their scheduled released date, later increased to 35 days and then up to 70 days in May 2024. 

    This measure prevented prisons from running out of places entirely, but it only bought the service time.  

    By July last year, prisons were again operating close to maximum capacity.  

    Ministers announced plans for some prisoners serving standard determinate sentences to be released automatically at the 40 percent point of their sentence, rather than 50 percent.  

    A surge of these releases took place over two tranches in the autumn and again prevented prisons from filling up entirely.  

    In parallel, we have brought in other smaller-scale measures to manage capacity.  

    This includes moving some risk-assessed offenders out of prison and onto Home Detention – tagged and curfewed for a longer period. 

    These measures are important, but they do not address the scale of the challenge we face.  

    As I have said, the prison population is rising by around 3,000 a year – the equivalent of two large prisons every single year.  

    Even with these measures in place, we will run out of places in just five months’ time.  

    Let me return to my first slide on the growth of the prison population to explain what that means in practice. 

    The operational reality of running prisons so close to their maximum capacity is that it creates a set of interconnected and escalating problems. 

    Even before you run out entirely, our prisons become more dangerous places.  

    With limited space, it becomes harder to manage prisons, and the challenges of violence and drugs grow.   

    This makes prisons less safe, and it leaves staff with less time to get prisoners to work and education – vital to ensuring that they leave prison less likely to reoffend.  

    We are already reliant on a small number of police cells in some parts of the country, where we hold offenders temporarily. 

    If capacity gets even tighter, as an exceptional measure we would activate ‘Operation Early Dawn’.  

    This means we convene a team at 05:30 am every day to track each individual potentially coming into custody, so that we can make sure there will be a space available for them.  

    Early Dawn was activated between 19 August to 9 September 2024, prior to the implementation of early releases.  

    It was also previously activated in October 2023, March 2024, and May 2024.  

    In recent weeks, we have come close to activating Early Dawn once again.  

    If Operation Early Dawn is unable to manage the flow of prisoners, the situation becomes intolerable.  

    We would, at this stage, see the managed breakdown of the criminal justice system.  

    Police holding cells would be full, and the police would be faced with being unable to make arrests.  

    Courts would need to consider bail for offenders they would normally consider dangerous enough to remand to prison.  

    If the system reaches that point, there would be a clear risk to public safety and the only solution would be rapid emergency releases.  

    This would mean offenders being let out of prison without time for probation officers and other services to put in place release plans designed to protect the public.  

    And even this would only buy us time.  

    The prison population will keep rising.  

    Without a long-term plan, sooner or later we would run out of places once more.   

    That is the situation in the prison service as it stands today.  

    And I’m now going to hand back to the Lord Chancellor to talk about the path forward from here.  

    [LORD CHANCELLOR]  

    This Government will end the cycle of crisis. 

    We will bring order and control back to our prisons.    

    That starts by building more of them.  

    Last December, we published a long-term building strategy, setting out our aim to open up 14,000 prison places by 2031.  

    This is the largest expansion of the prison estate since the Victorians.  

    And we are not wasting time.  

    We have already committed £2.3 billion to prison expansion.   

    And since taking office, we have delivered 2,400 new places.  

    We will now go further.  

    While the spending review is ongoing, I can announce today that the Treasury will fund our prison expansion plans, in full, across the spending review period. 

    This is a total capital investment of £4.7bn. 

    It allows us to start building three new prisons…  

    Including breaking ground on a site near HMP Gartree later this year. 

    This investment will also fund new cells at existing prisons…  

    With new houseblocks and rapid deployment cells opened across the country. 

    This is a record prison expansion. 

    We are building at breakneck pace.  

    But we must be honest.  

    Prison building is necessary… 

    But it is not sufficient.  

    We cannot build our way out of this crisis.  

    Despite record prison building, the population is simply rising too fast. 

    By Spring 2028, even with the funding I have announced today, we will be 9,500 places short.  

    The conclusion is clear:  

    We have to do things differently.  

    In October, I appointed David Gauke to lead an independent review of sentencing.   

    He has been ably supported by a panel that draws together expertise from across the criminal justice system.  

    I cannot and will not get ahead of their recommendations. 

    But let me be clear about the task that they have been set.  

    The sentencing review must ensure there is always space in prison for dangerous offenders.  

    To achieve this, the panel will have to recommend a reduction in the length of some custodial sentences…  

    And an expansion of punishment outside prison, for those offenders who can be managed in the community.  

    At the same time, I have set David a clear condition:  

    We must protect the public in whatever measures we pursue.  

    Too often today, our prisons do the opposite.  

    They create better criminals and not better citizens…  

    With 80% of offenders now reoffenders.  

    Across the world, there are models that we can learn from.  

    David and I both visited Texas earlier this year.  

    There, offenders who comply with a strict regime earn an earlier release… 

    While those who behave badly are locked up for longer.  

    Crime there is now at a 50-year low, reoffending is down, and the prison population is under control.  

    Meanwhile, technology – both existing and emerging – clearly has the potential to transform community punishment.  

    A study published last week shows our radio frequency tagging is cutting reoffending by around 20 percent.  

    And emerging technology presents us with further opportunities.  

    We are entering a world where tech has the potential to impose a digital prison outside of prison, surveilling offenders even more closely than they can be watched in jail.  

    To make our streets safer, we must seize on these opportunities.  

    While the Sentencing Review offers us our path to ending the capacity crisis in our prisons, for good, it will take time to take effect.  

    The impact of sentencing reforms will not be felt before Spring next year.  

    On our current trajectory, hitting zero capacity in November, we simply do not have that time.  

    There will be no return to the releases we saw late last year.  

    But I have always been clear that, if further measures are required, I am willing to take them.  

    Today, I am announcing a measure that will target the recall population, which has more than doubled in seven years. 

    We will bring legislation in the coming weeks that means those serving sentences of between one and four years can only be returned to prison for a fixed, 28-day period.  

    Some offenders will be excluded from this measure…  

    Including any offender who has been recalled for committing a serious further offence.   

    We also exclude those who are subject to higher levels of risk management by multiple agencies, where the police, prisons and probation services work together.  

    This measure builds on previous legislation introduced by the last Government, who mandated 14-day recalls for those serving sentences of under a year.  

    And, crucially, it buys us the time we need to introduce the sentencing reforms that – alongside our record prison building plans – will end the crisis in our prisons for good.  

    The consequences of failing to act are unthinkable, but they must be understood.  

    If our prisons overflow…  

    Courts cancel trials… 

    Police halt their arrests… 

    Crime goes unpunished…  

    And we reach a total breakdown of law and order. 

    I was confronted by that prospect when I took office. 

    I am confronted by it again now. 

    But I will never let it happen.  

    This Government is building new prisons, more than any other in the modern era.  

    But we are also facing into the fact that we cannot just build our way out of this crisis.  

    This Government will do whatever it takes to ensure we never run out of prison places again.  

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Historic air display to honour VE Day and local heroes 14 May 2025 Historic air display to honour VE Day and local heroes

    Source: Aisle of Wight

    As the Island marks the 80th anniversary of VE Day, this year’s Isle of Wight Armed Forces Day on Sunday 29 June promises a truly stirring spectacle.

    The organiser has confirmed a very special addition to the commemorations — a breath-taking air display by the renowned Battle of Britain Memorial Flight (BBMF).

    In a moving tribute, two iconic aircraft — a Spitfire and a Hurricane — will take to the skies above Ryde in a full display, evoking the courage and sacrifice of those who defended our skies during the Second World War.

    Ian Dore, event organiser, shared the significance of the moment: “Following the tragic loss of Squadron Leader Mark Long, the BBMF were grounded last season. Now, a year on, they are flying once more — and we are honoured to welcome them with not one, but two aircraft.

    “The Spitfire and Hurricane will perform a dynamic display, one chasing the other in a rare and thrilling aerial ballet. It’s a real privilege for the Island.”

    This poignant display is made possible thanks to the generous support of Fishbourne Parish Council.

    Their sponsorship reflects the deep ties between the local community and the Armed Forces. Within the ward stands a war memorial bearing the names of several RAF personnel, including Sgt Edmund Eric Shepperd.

    Sgt Shepperd joined the RAF in 1935 and served with distinction during the Battle of Britain as a Sergeant Pilot with 152 Squadron. He is credited with downing multiple enemy aircraft, including a Messerschmitt 109, three Junkers, and a Stuka.

    Ian added: “We owe a huge debt of gratitude to Fishbourne Parish Council. They understand the importance of this display — not just as a tribute to the past, but as an inspiration for future generations. For heroes like Sgt Shepperd, and all who served, we remember them with pride.

    “We will also be honouring the memory of Squadron Leader Mark Long, a gifted pilot who brought joy to so many. The Spitfire expected to fly — TE311 — was the one he flew the most and now bears his name along its starboard side. To see it soar, especially in his memory, will be one of the most emotional and uplifting moments of this year’s event.”

    The Battle of Britain Memorial Flight is scheduled to appear shortly after the Remembrance segment of the day’s proceedings.

    Islanders are encouraged to gather and witness what promises to be a highlight of Armed Forces Day — a soaring salute to courage, sacrifice, and enduring legacy.

    Photo: Darren Harbar.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Completion of £6m public realm scheme marks transformational investment for Banbridge

    Source: Northern Ireland City of Armagh

    The revitalisation of Banbridge town centre has been officially celebrated today – Wednesday 14 May – with the launch of the completed Banbridge public realm scheme.

    The £6 million investment has transformed the heart of the town into a safer, more accessible, and more vibrant destination for residents, businesses and visitors alike.

    Lord Mayor, Councillor Sarah Duffy welcomed the Department for Communities Minister Gordon Lyons to the town to see the improvements which were jointly funded by Armagh City, Banbridge and Craigavon Borough Council, DfC and the UK Government’s Shared Prosperity Fund.

    The scheme represents a significant milestone in the regeneration of the town, enhancing its distinctive heritage while providing a more modern, functional and attractive public space.

    Speaking at the event, Lord Mayor of Armagh City, Banbridge and Craigavon, Councillor Sarah Duffy, said:

    “The completion of this major public realm scheme is a moment of real pride for Banbridge. It not only preserves and enhances our rich built heritage but also reimagines the town centre as a dynamic, accessible and welcoming place for all. With improved walkways, lighting, civic spaces and streetscapes, this investment lays the foundation for continued economic growth, community connection and future cultural events. I want to thank everyone involved in this project, including the contractors, our local businesses and the Department for Communities, for their support and commitment to Banbridge’s future.”

    Delivered by Fox Building and Engineering Limited, the scheme commenced in May 2023 and included a wide range of infrastructure improvements across the town centre. New natural stone paving, granite kerbs, widened and resurfaced footpaths, enhanced wayfinding, increased cycle parking and tree planting have all contributed to a high-quality, better-connected streetscape.

    The event also celebrated the success and continuation of the Empty to Occupied Scheme funded by DfC. This programme is aimed at targeting dereliction across the borough by refurbishing buildings and making them fit for purpose and ready to occupy, thus improving the vitality of our high streets, creating jobs and increasing footfall.

    To date, 10 new units have been refurbished, with seven of these already back into commercial use. By the end of the programme, it is anticipated that funding of £751,277 will have leveraged £1,185,740 of private investment. Within five years, the return on public investment will equate to £2 for every £1 of public money.

    Communities Minister Gordon Lyons welcomed the investment in Banbridge, saying:

    “It is good to see the completion of Banbridge Public Realm, which has genuinely enhanced the centre of Banbridge, adding to its attraction as somewhere to visit, shop, work and invest in. In addition, the Empty to Occupied Scheme is a great example of tackling vacancy and bringing new life into the town. My Department’s funding has enabled both schemes to be delivered and it shows what positive results can be gained through collaborative working with our colleagues in Armagh City Banbridge & Craigavon Borough Council.”

    Chair of Banbridge Chamber of Commerce, Michael Donaghy, commented: 

    “This investment is a vote of confidence in the future of Banbridge. The improvements have already made a positive difference to the way people experience our town, with improved access and an environment that reflects our rich history while supporting modern-day business. The new civic plaza and upgraded infrastructure will attract more visitors and shoppers, helping to stimulate our local economy and support our business community.”

    The Banbridge Public Realm Scheme is part of Council’s wider regeneration programme aimed at supporting sustainable town centres, strengthening local identity and ensuring the long-term vitality of the borough’s urban areas.

    MIL OSI United Kingdom –

  • MIL-OSI Security: Deep Brook — Deep Brook man facing child pornography charges

    Source: Royal Canadian Mounted Police

    The RCMP’s Provincial Internet Child Exploitation (ICE) Unit has charged a Deep Brook man for child pornography offences.

    On April 24, the RCMP’s ICE Unit, with assistance from Annapolis District RCMP, executed a search warrant at a home on Hwy. 1 in Deep Brook. Electronic devices, including laptops, tablets and a smartphone were seized and later forensically examined.

    Investigators were directed to the residence after an electronic service provider notified law enforcement that child pornography was uploaded to their service.

    As a result of the search and subsequent investigation, Miles Graham, 59, was arrested on May 6. He has been charged with Possession of Child Pornography, Transmitting Child Pornography, and Accessing Child Pornography.

    Graham was released on conditions and is scheduled to appear in Annapolis Royal Provincial Court on July 14.

    In Nova Scotia, it’s mandatory for citizens to report suspected child pornography; anyone who comes across child pornography material or recordings must report it to the police. Failure to report could result in penalties similar to those for failure to report child abuse under the Child and Family Services Act. Be a voice for children who are victims of sexual exploitation by reporting suspected offences to your local police or to Canada’s national tip line: www.cybertip.ca.

    MIL Security OSI –

  • MIL-OSI Canada: Government of Saskatchewan Prepares for Possible Canada Post Strike

    Source: Government of Canada regional news

    Released on May 14, 2025

    The Government of Saskatchewan is preparing for a possible postal strike that could begin as early as May 22, 2025. Ministries, Crowns and agencies have put contingency plans in place to limit service disruptions.

    The government encourages all clients, suppliers and businesses to switch to direct deposit, as those payments will not be impacted by any changes to postal services.

    Social Services Payments

    Building on the experience with the 2024 Canada Post service disruption, the Ministry of Social Services is preparing contingency plans for clients who receive benefit cheques by mail. Most ministry clients already receive benefit payments by direct deposit and these payments will continue as usual. We encourage clients to switch to direct deposit.

    Drug Plan and Extended Benefits 

    Residents requiring letters to submit to their private insurance providers for Special Support, Seniors’ Drug Plan, or Exception Drug Status may submit the request through the online Saskatchewan Formulary. Letters will be mailed once the Canada Post service disruption is resolved. 

    Health Cards and Vital Statistics Certificates

    Incoming and outgoing mail delays may affect applications for health cards and certificates for births, deaths or marriages. Visit eHealthsask.ca for options to minimize delays, including ordering online. 

    Crop Insurance/AgriStability Information and Payments 

    The Saskatchewan Crop Insurance Corporation (SCIC) will work with customers to determine alternate options for accessing information typically delivered through Canada Post, such as faxing, emailing or delivering to a local SCIC office for pick-up. Producers are encouraged to sign-up for direct deposit for receiving program payments. The direct payment form is available on SCIC’s website. 

    Payments to Government of Saskatchewan Suppliers

    The Ministry of Finance will make supplier cheques available for pickup in Regina for suppliers unable to register for direct deposit. Suppliers should call 306-787-7450 to make arrangements.

    Taxes, Refunds and Grant Payments

    In the event of a postal dispute, businesses are expected to ensure they file and pay taxes to the Ministry of Finance on time. Mail delays do not change tax deadlines or the assessment of penalties and interest. For more information, please review the Information Notice – IN 2025-03, Filing and Paying Provincial Taxes in the Event of a Postal Disruption.

    Tax clients are encouraged to sign up for the secure and convenient Saskatchewan eTax Services (SETS) online portal to file and pay taxes electronically and avoid any delays in meeting tax obligations. 

    Tax refunds and grant payments sent by direct deposit will not be delayed. Those who do not use direct deposit can call 1-800-667-6102 to set it up, delay the refund or grant payment, or request a courier delivery at their own cost.

    Crown Utility Accounts, Bills and More

    SGI, SaskTel, SaskPower and SaskEnergy invite customers to sign up for online billing and notifications to ensure they receive information about their utility bills, driver’s licence and vehicle registration renewals and other important communications. This helps avoid delays in receiving bills and account updates. Longer than usual wait times for customer service representatives are anticipated in the event of postal service disruptions, so customers are encouraged to visit the respective Crown websites or to call for more information regarding customer service options. Information is also available online regarding options for paying outstanding bills in the event mail-in payments are not possible.   

    Public Guardian and Trustee 

    The Public Guardian and Trustee’s office is preparing backup options for clients and client service providers who get payment cheques by mail. Many clients and service providers already use direct deposit and will not be affected. Clients and service providers are encouraged to switch to direct deposit as soon as possible. They can do so by contacting their trust officer or the Public Guardian and Trustee’s office at 1-877-787-5424 or by email at pgt@gov.sk.ca. 

    In the event of a postal strike, clients and suppliers and businesses can visit www.saskatchewan.ca/postal-strike for more detailed information.  

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Security: Guatemalan national and prior felon receives over 15 years for three gunpoint robberies

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    HOUSTON – A 29-year-old legal permanent resident from Guatemala who lived in Houston has been sentenced for multiple counts of robbery and one count of brandishing a firearm, announced U.S. Attorney Nicholas J. Ganjei.

    Josue Castro-Gomez pleaded guilty Oct. 1, 2024.

    U.S. District Judge George C. Hanks Jr. has now sentenced Castro-Gomez to 98 months in federal prison for the robberies as well as a consecutive 84 months for the firearms conviction. He is also expected to lose his status in the United States and face removal proceedings following his total 182-month-term of imprisonment. At the hearing, the court heard how Castro-Gomez would commit the robberies by first pretending to be a customer and then taking the store employees by surprise.

    In November and December 2023, Castro-Gomez robbed two gas stations and one Houston-area smoke shop at gunpoint.

    On Nov. 25, 2023, Castro-Gomez entered a Korner Food Mart located in Houston, brandished a firearm and demanded the store clerk give him cash from the register. He proceeded to discharge the firearm, shooting above the clerk’s head, but fled from the scene without taking any money.

    On Dec. 11-12, 2023, Castro-Gomez went to a Circle K gas station and a Vape City, respectively, and demanded cash from the register. He received money on both occasions and fled the scenes.

    On Dec. 12, law enforcement located Castro-Gomez and found him to be in possession of a .32 caliber handgun.

    During the investigation, authorities matched a spent shell casing from the Nov. 25 robbery to the firearm in Castro-Gomez’s possession at the time of his arrest.

    Castro-Gomez has prior felony convictions from 2015 and 2017 for unauthorized use of a motor vehicle and possession of a controlled substance, respectively. As a convicted felon, he is prohibited from possessing firearms or ammunition per federal law.

    He will remain in custody pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) conducted the investigation with assistance from the Houston Police Department and Harris County Sheriff’s Office. Assistant U.S. Attorney Francisco J. Rodriguez prosecuted the case.

    This case was made possible by investigative leads generated from the ATF’s National Integrated Ballistic Information Network (NIBIN). NIBIN is the only national network that allows for the capture and comparison of ballistic evidence to aid in solving and preventing violent crimes involving firearms. NIBIN is a proven investigative and intelligence tool that can link firearms from multiple crime scenes, allowing law enforcement to quickly disrupt shooting cycles. For more information on NIBIN, visit https://www.atf.gov/firearms/national-integrated-ballisticinformation-network-nibin.

    MIL Security OSI –

  • MIL-OSI Security: Carver Man Sentenced to More Than Two Years in Prison for Oxycodone Conspiracy

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    BOSTON – A Carver man was sentenced today in federal court in Boston for his involvement in an oxycodone conspiracy.

    Michael Atwood, 37, was sentenced by U.S. District Court Judge Denise J. Casper to 35 months in prison, to be followed by three years of supervised release. In November 2024, Atwood pleaded guilty in federal court in Boston to conspiracy to distribute and to possess with intent to distribute oxycodone pills. Campbell was indicted by a federal grand jury in August 2023 along with five co-conspirators.

    Between approximately November 2023 and June 2023, Atwood obtained oxycodone pills from co-defendant John Campbell that he redistributed to others. The amount of oxycodone pills that the defendant obtained from Campbell ranged from hundreds to more than a thousand at a time. On July 12, 2023, during a search of Atwood’s residence approximately $63,000 in cash was seized.

    In January 2025, Campbell was sentenced to four years in prison, to be followed by three years of supervised release.

    United States Attorney Leah B. Foley; Stephen Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration, New England Field Division; Colonel Geoffrey D. Noble, Superintendent of the Massachusetts State Police; Thomas Demeo, Acting Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office; and Ketty Larco-Ward, Inspector in Charge of the U.S. Postal Inspection Service’s Boston Division, made the announcement. Special assistance was provided by the Bureau of Alcohol, Tobacco, Firearms & Explosives; U.S. Coast Guard Investigative Service; Barnstable County Sheriff’s Office; and the Barnstable, Dennis, Bourne, Mashpee, Yarmouth, Sandwich and Falmouth Police Departments. Assistant U.S. Attorneys John T. Mulcahy, and Samuel R. Feldman of the Criminal Division and Alexandra Amrhein of the Asset Forfeiture Unit prosecuted the case.

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    MIL Security OSI –

  • MIL-OSI Security: Antelope Valley Man Arrested on Indictment Alleging He and Two Others Participated in Two Gang Murders Last Year in Lancaster

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    LOS ANGELES – A reputed member of the Pasadena Denver Lanes (PDL) Bloods street gang was arrested today on a four-count federal grand jury indictment alleging he and two other PDL members took part in a one-night shooting spree in Lancaster last year that claimed two lives and almost claimed a third.

    Jerry Wimbley III, a.k.a. “Baby Poppa Ckrab,” 20, of Lancaster, was arrested this morning and is expected to be arraigned and make his initial appearance this afternoon in United States District Court in downtown Los Angeles. 

    Wimbley III is charged with two counts of murder in aid of racketeering.

    Also charged in the indictment unsealed today are:

    • Vionnie Richardson, 37, a.k.a. “Big Poppa Ckrab,” of Lancaster, who is charged with one count of attempted murder in aid of racketeering, two counts of murder in aid of racketeering, and one count of being a felon in possession of ammunition; and
    • Jerry Wimbley Jr., 22, a.k.a. “Poppa Ckrab” and “Little Poppa Ckrab,” of Lancaster, who is charged with two counts of murder in aid of racketeering, and who is Wimbley III’s brother.

    Richardson is in state custody in Nevada. He is not legally permitted to possess ammunition because his criminal history includes multiple felony convictions in Los Angeles Superior Court, including for second-degree robbery in September 2020, assault by means of force likely to produce great bodily injury in March 2020, and identity theft in January 2014.

    Wimbley Jr. has been in custody on federal robbery and money laundering charges since September 2024.

    Richardson and Wimbley Jr. are expected to be arraigned in Los Angeles federal court in the coming weeks.

    According to the indictment, on the night of June 25, 2024, Richardson took part in three successive shootings in Lancaster – an attempted murder followed by two murders – and was joined by the Wimbley brothers for the latter two shootings. After each shooting, the defendants gathered at a deceased gang member’s gravesite on the two-year anniversary of that gang member’s death.

    Richardson allegedly first attempted to murder victim W.S. in Lancaster and then traveled to the deceased gang member’s gravesite where he met the Wimbley brothers and others. Richardson and the Wimbley brothers next traveled to the area of Whit Carter Park in Lancaster, where they murdered victim E.G. They again returned to the gravesite and then drove to a gas station in Lancaster. As captured on surveillance footage, the defendants murdered victim D.M. and then returned to the gravesite.  Throughout the night, defendants allegedly took to Instagram to honor the deceased gang member and pledge allegiance to the PDL Bloods. 

    The indictment alleges that the murders and attempted murder were committed to enhance the power and influence of the PDL Bloods street gang, which is described as a violent criminal enterprise that has existed since the 1970s and operates in and around Pasadena and the Antelope Valley. The indictment further alleges that PDL engages in murder, robbery and money laundering, among other criminal racketeering activities.

    “As alleged in the indictment, these defendants engaged in violent and senseless acts,” said United States Attorney Bill Essayli. “Their alleged shooting spree is intolerable. Today’s charges reflect our Office’s continued commitment to eradicating gang violence and to keeping our communities safe.”

    “Bringing violent offenders to justice is one of ATF’s top priorities,” said Kenny Cooper, Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Los Angeles Field Division. “This case is a testament to the strength of collaboration among law enforcement agencies at every level. We remain committed to reducing violent crime and ensuring the safety of our communities.”

    “The brutality of these alleged crimes reflects a complete disregard for human life and public safety,” said Los Angeles County Sheriff Robert G. Luna. “Gang violence has no place in our communities. The individuals that engage in ruthless crimes that endanger our residents will be pursued and held accountable. Our dedicated homicide detectives, along with our federal partners, have diligently worked to identify, arrest, and dismantle these violent gang networks and protect our communities.”

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    If convicted, the defendants would face a mandatory sentence of life in federal prison and a possible death sentence.

    The ATF and the Los Angeles County Sheriff’s Department are investigating this matter.

    Assistant United States Attorneys Gregg E. Marmaro of the Major Frauds Section, Suria M. Bahadue of the General Crimes Section, and Kevin J. Butler of the Violent and Organized Crime Section are prosecuting this case.

    MIL Security OSI –

  • MIL-OSI Canada: UPDATE – Wednesday, May 14, 2025

    Source: Government of Canada – Prime Minister

    Ottawa, Ontario

    10:00 a.m. The Prime Minister will chair the Cabinet meeting.

    Notes for media:

    • Pool media will be invited into the Cabinet room to capture the Prime Minister’s closing remarks.

    • The Prime Minister will not be taking questions at this time.

    MIL OSI Canada News –

  • MIL-OSI Security: Final defendant in local drug conspiracy sentenced to 10 years for trafficking meth to Anchorage

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    ANCHORAGE, Alaska – An Ohio man was sentenced May 8, 2025, to 10 years in prison for trafficking multiple pounds of meth to Anchorage.

    According to court documents, Christian Landry, 32, of Shaker Heights, Ohio, repeatedly traveled to Alaska from out-of-state to distribute meth in 2022 and 2023.

    The investigation started in late 2022, when an undercover officer began purchasing methamphetamine from Elzie Isley, 47, of Anchorage. Isley was a local drug dealer. Law enforcement officers identified Landry as one of Isley’s drug sources, allegedly responsible for trafficking over 20 pounds of meth from the Lower 48 to Alaska to sell.

    On Feb. 9, 2023, law enforcement served a search warrant on the residence where Landry was staying with another co-defendant and recovered a loaded pistol, more than $20,000 in cash and several pounds of meth.

    Throughout the course of the investigation, officers seized and forfeited over $34,000 and 23 firearms connected to the drug trafficking conspiracy.

    “This case is yet another example of a drug trafficking organization flooding Anchorage with dangerous narcotics from the Lower 48,” said U.S. Attorney Michael J. Heyman for the District of Alaska. “My office will work with our law enforcement partners across the state to ensure that anyone who threatens the safety of our communities with these poisonous substances will serve years, and for this man, a decade, in prison.”

    “Drugs and guns are always a losing combination,” said ATF Seattle Special Agent in Charge Jonathan Blais. “This and the other lengthy sentences are commensurate to the damage they caused the community.  Mr. Landry chose to endanger Alaskans, and now he faces the consequences.”

    Co-conspirators in this case are as follows:

    • Isley pleaded guilty on Dec. 14, 2023, and was sentenced to 10 years’ imprisonment on April 25, 2024;
    • Antonio Wallace, 32, of Anchorage, pleaded guilty on Oct. 18, 2023, and was sentenced to 10 years’ imprisonment on Feb. 5, 2024;
    • Ricky Lokeni, 38, of Anchorage, pleaded guilty on Jan. 9, 2024, and was sentenced to 10 years’ imprisonment on April 24, 2024;
    • Ryann Hobert, 27, of Anchorage, pleaded guilty on Nov. 8, 2023, and was sentenced to 4 years’ imprisonment on March 27, 2024; and
    • Jaron Steele, 34, of Paramount, California, pleaded guilty and was sentenced to time served (235 days’ imprisonment) on May 7, 2024.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives Anchorage Field Office, with assistance from the Anchorage Police Department, investigated the case.

    Assistant U.S. Attorney Seth Beausang prosecuted the case.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Jefferson County Man Admits to Role in Drug Trafficking Operation in Eastern Panhandle

    Source: Federal Bureau of Investigation FBI Crime News (b)

    MARTINSBURG, WEST VIRGINIA – Matthew David Viands, age 32, of Summit Point, West Virginia, has admitted to his role in a drug trafficking organization that distributed fentanyl and other illicit drugs in the Eastern Panhandle. 

    According to court documents, Viands was a distributor of fentanyl for the organization. Viands also admitted to failing to appear following his pretrial release in the case.

    Viands faces up to 20 years in prison for the drug charge and faces up to 10 years for failing to appear. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Of the 82 defendants, 80 others have been convicted. Fifty-nine defendants have been sentenced. One defendant, Charles Delroy Singletary, age 44, of Baltimore, Maryland, remains a fugitive. More in a recent release here: https://www.justice.gov/usao-ndwv/pr/six-more-sentenced-eastern-panhandle-fentanyl-drug-trafficking-operation

    Assistant U.S. Attorneys Lara Omps-Botteicher and Kyle Kane are prosecuting the case on behalf of the government.

    U.S. Magistrate Judge Robert W. Trumble presided.

    Investigative agencies include the Federal Bureau of Investigation (Pittsburgh Field Division and Baltimore Field Division); the Drug Enforcement Administration; the U.S. Department of Homeland Security Investigations; the United States Postal Inspection Service; the Bureau of Alcohol, Tobacco, Firearms, and Explosives; the United States Marshals Service;  the Eastern Panhandle Drug Task Force, a HIDTA-funded initiative; the West Virginia State Police; the West Virginia Air National Guard; the Jefferson County Sheriff’s Office; the Berkeley County Sheriff’s Office; Ranson Police Department; Martinsburg Police Department; Charles Town Police Department; the Berkeley County Prosecuting Attorney’s Office;  Stafford County Sheriff’s Office (Virginia); Frederick County Sheriff’s Office (Maryland); Frederick County Sheriff’s Office (Virginia); Winchester Police Department; and the Clarke County Sheriff’s Office (Virginia).

    This investigation is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    MIL Security OSI –

  • MIL-OSI: Bitcoin Solaris Launches Phase 3 Presale Ahead of Mobile Mining Rollout via Nova App

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 14, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris, a next-generation blockchain platform engineered for speed, scalability, and accessibility, has entered Phase 3 of its public token presale, with BTC-S tokens now priced at 3 USDT. This milestone comes as the network prepares to launch the Nova App, a mobile-based mining tool that will enable users to mine tokens directly from their smartphones—an approach aimed at democratizing access to blockchain rewards.

    Mobile Mining Set to Onboard Millions

    The upcoming Nova App introduces a new way for individuals to participate in blockchain networks. Designed for ease of use, the app will allow users to contribute storage and idle CPU from their smartphones to passively mine BTC-S tokens. There’s no need for specialized hardware or staking procedures—Nova runs seamlessly in the background, making network participation more inclusive and globally accessible.

    “Our goal is to lower the barriers to blockchain mining,” said a Bitcoin Solaris spokesperson. “With the Nova App, anyone with a smartphone can contribute to the network and earn rewards, without the complexity that typically limits participation.”

    High-Speed Infrastructure with 2-Second Finality

    At the core of Bitcoin Solaris is a dual-layer blockchain architecture that delivers sub-2-second transaction finality. The network is capable of processing over 10,000 transactions per second (TPS), enabling use cases that range from DeFi and NFTs to real-time data processing.

    • The Base Layer ensures security and ledger integrity through a combination of Proof-of-Stake (PoS) and Proof-of-Capacity (PoC). This hybrid consensus reduces energy usage while maintaining decentralization.
    • The Solaris Layer handles smart contract execution and fast block production using Proof-of-History (PoH) and Proof-of-Time (PoT). This allows for deterministic block ordering and rapid propagation.

    This architecture was purpose-built for scalability at the protocol level—not added on as an afterthought—and is designed to handle high-frequency transactions with provable finality.

    Verified by Independent Security Audits

    To reinforce trust and security, Bitcoin Solaris has undergone multiple third-party reviews:

    • Cyberscope Audit reviewed the core protocol, identifying vulnerabilities and validating contract behavior under load.
    • Freshcoins Audit confirmed logic integrity and examined token mechanics.
    • KYC Verification ensures project leadership accountability—critical for investor and ecosystem trust.

    These certifications signal readiness for not only public use, but institutional scrutiny — something speed alone can’t replace.

    Limited Token Supply and Transparent Distribution

    Bitcoin Solaris maintains a hard cap of 21 million BTC-S tokens, with no inflation or dynamic minting. Token emissions follow a halving model, similar to Bitcoin, to promote long-term sustainability and value predictability. During Presale Phase 3, only 4.2 million tokens (20%) are available at the 3 USDT rate. In Phase 4, the price will increase to 4 USDT.

    For a technical dive into how Bitcoin Solaris achieves sub-2-second transaction finality, Crypto Royal walks through the network’s layered design, time-based consensus model, and how it compares to XRP in real-world performance scenarios.

    About Bitcoin Solaris

    Bitcoin Solaris is a high-performance, layer-1 blockchain protocol built to deliver ultra-fast transaction finality, energy-efficient consensus, and mass accessibility through mobile integration. The network is designed to support decentralized applications and everyday users alike, combining enterprise-level infrastructure with tools that enable anyone to participate.

    Website: https://bitcoinsolaris.com
    X (Twitter): https://x.com/BitcoinSolaris
    Telegram: https://t.me/Bitcoinsolaris

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Globenewswire does not endorse any content on this page.

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

    Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ad2208fa-6981-4051-abdf-f11fd672b258

    https://www.globenewswire.com/NewsRoom/AttachmentNg/451e0475-9eb4-4058-af19-dc8749f89bb1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe9aff59-3032-4661-9f67-fb691a20e558

    https://www.globenewswire.com/NewsRoom/AttachmentNg/24a489b2-0041-4082-84e8-c258e2d00899

    The MIL Network –

  • MIL-OSI: COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions

    Paris, 14 May 2025 – 17.45

    The Combined Shareholders’ General Meeting of COFACE SA was held on 14 May 2025 at the Company’s headquarters in Bois-Colombes, and it was chaired by Mr Bernardo Sanchez Incera, Chairman of the Board of Directors.

    All the proposed resolutions were adopted by COFACE SA’s shareholders, including the payment of a dividend of €1.40 per share for the 2024 financial year with the coupon date set at 20 May 2025, and the payment date at 22 May 2025.

    All documents related to this General Meeting are available on COFACE SA institutional website (www.coface.com) and more precisely under “Investors/General Assembly”.

    The resolution voting results are online at:

    https://www.coface.com/investors/regulated-information/documents-relating-to-the-general-assembly

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is quoted in Compartment A of Euronext Paris
    Code ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    The MIL Network –

  • MIL-OSI: Coterie Insurance Announces Appleton, Wisconsin as New HQ Location

    Source: GlobeNewswire (MIL-OSI)

    APPLETON, Wis., May 14, 2025 (GLOBE NEWSWIRE) — Coterie Insurance (Coterie), a tech-enabled, data-powered managing general agent (MGA), is pleased to announce the opening of a new headquarters (HQ) location in Appleton, Wisconsin.

    “As we continue to transform our business by boosting efficiency to amplify growth, our new headquarters location positions Coterie in the heart of the Midwest and central to our clients across the U.S., while being part of a business-friendly environment here in Wisconsin,” said David McFarland, CEO of Coterie.

    Formally relocating the company’s headquarters to Appleton provides a reduction in operational costs and improved efficiencies. Additionally, Coterie will realize an immediate improvement in accessibility to top talent and modern amenities, while also supporting the company’s planned growth and expansion.

    Located in Wisconsin’s Fox River Valley, Appleton is the third largest metropolitan area in Wisconsin and was recently named one of America’s most livable small to mid-size cities in 2025 by Livability.com. Coterie’s new HQ is located in Appleton’s walkable RiverHeath neighborhood. Coterie has also recently become a proud bronze level sponsor of the Independent Insurance Agents of Wisconsin (IIAW).

    Coterie partners with the industry’s top insurance companies to provide commercial property and casualty (P&C) coverages for small business (SMB) owners. By using technology to make SMB insurance effortless, Coterie’s distribution network of independent agents and brokers turns untapped opportunities into realized revenue through a transparent, accurate quote-to-bind process that can be completed in less than a minute.

    About Coterie Insurance (Coterie)
    Coterie Insurance (Coterie) is a tech-enabled, data-powered managing general agent (MGA) providing commercial property and casualty (P&C) coverages for small business (SMB) owners. Coterie’s technology enables a transparent, accurate, and rapid quote-to-bind process that results in opportunities for agents and the right coverage for small businesses, on-demand. For more information about Coterie, its products, or becoming an appointed agent, please visit www.coterieinsurance.com.

    Media Contact:
    Jennifer Overhulse
    St. Nick Media Services
    jen@stnickmedia.com
    859-803-6597

    The MIL Network –

  • MIL-OSI: Euronext publishes Q1 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Euronext publishes Q1 2025 results

    Strong start of the year with growth of non-volume-related revenue, record FICC trading volumes and exceptional market volatility.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 14 May 2025 – Euronext, the leading European capital market infrastructure, today publishes its results for the first quarter 2025 using the new, simplified reporting framework1.

    • Q1 2025 revenue and income was up +14.1% at €458.5 million:

    Non-volume-related revenue and income represented 57% of total revenue and income and covered 158% of underlying operating expenses, excluding D&A2:

    • Securities Services revenues grew to €83.4 million (+6.8%), driven by double-digit growth in custody and settlement revenue;
    • Capital Markets and Data Solutions revenue grew to €157.4 million (+6.6%), driven by the continued commercial expansion of Euronext Corporate and Investor Solutions and Technology Services and the strong performance of Advanced Data Solutions, supported by the acquisition of GRSS and by retail participation;
    • Net treasury income was €18.6 million (+58.8%), demonstrating the benefits of the Euronext Clearing expansion and the internalisation of net treasury income following the derivatives clearing migration in Q3 2024.

    Volume-related revenue was driven by high market volatility in Q1 2025:

    • FICC3Markets reported €90.7 million of revenue (+25.1%), driven by record performance in fixed income trading and clearing, commodities trading and clearing and FX trading;
    • Equity Markets revenue grew to €108.4 million (+18.0%), reflecting high volatility.
    • Underlying operating expenses excluding D&A were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, combined with strong costs discipline, in line with the ramp-up of growth investments set out as part of Euronext’s underlying cost guidance of €670 million for the full year 2025.
    • Adjusted EBITDA was €294.1 million (+17.0%) and adjusted EBITDA margin was 64.1% (+1.6pts).
    • Adjusted net income was €183.5 million (+11.8%) and adjusted EPS was €1.80 (+13.9%).
    • Reported net income was €164.8 million (+17.9%) and reported EPS was €1.62 (+20.0%).
    • Net debt to EBITDA4was at 1.4x at the end of March 2025, within Euronext’s target range of the “Innovate for Growth 2027” strategic plan. On 22 April 2025, Euronext had successfully redeemed the €500 million bond issued in connection with the acquisition of Euronext Dublin in April 2018.

    Key figures for the first quarter of 2025:

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var l-f-l3F5
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses excluding D&A2 (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted net income, share of the parent company shareholders 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  

    Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

    “In the first quarter of 2025, Euronext has delivered a remarkable performance. We achieved record revenue and income of €458.5 million, driven by initial successes of the strategic initiatives, growth of non-volume-related revenue and exceptional volatility across trading and clearing activities, especially in cash equity, fixed income, FX, power and commodities. Our diversified business model has allowed us to invest in growth and reach an adjusted EBITDA of €294.1 million, marking a significant +17.0% increase compared to Q1 2024. In Q1 2025, we reached record adjusted EPS (basic) of €1.80 per share. Our reported EPS (basic) grew by an impressive +20.0% compared to Q1 2024, to €1.62 per share.

    We have launched significant initiatives of our ‘Innovate for Growth 2027’ strategic plan to reinforce Euronext as a leader in the European financial markets. The upcoming consolidation of settlement for Amsterdam, Brussels and Paris equity trades in Euronext Securities represents a significant optimisation of the European post-trade landscape. With this strategic move, we foster the integration and competitiveness of European capital markets at an unprecedented speed.

    The launch late April 2025 of a European Common Prospectus6in English will pursue this ambition. This new initiative facilitates access to European capital markets and addresses the need for a competitive, integrated Savings and Investment Union. In addition, we are proud to launch a comprehensive set of measures to support the financing needs of companies that contribute to Europe’s strategic autonomy7.

    The acquisition in May 2025 of Admincontrol8, leader in the governance SaaS space, accelerates the development of Euronext Corporate Solutions in the Nordics, and reinforces Euronext’s subscription-based revenue.

    With this strong first quarter of 2025, we demonstrate our capacity to innovate ahead of the curve, leading the way to a stronger, more innovative and more competitive European capital market.”

    Q1 2025 business highlights

    • Q1 2025 revenue and income
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue and income (in €m) 458.5 401.9 +14.1% +12.9%
    Securities Services 83.4 78.1 +6.8% +4.8%
    Capital Markets and Data Solutions 157.4 147.6 +6.6% +4.5%
    Net treasury income 18.6 11.7 +58.8% +58.8%
    FICC Markets 90.7 72.5 +25.1% +25.2%
    Equity Markets 108.4 91.9 +18.0% +18.0%
    Other income 0.1 0.2 N/A N/A
    • Non-volume-related revenue
      • Securities Services
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 83.4 78.1 +6.8% +4.8%
    Custody and Settlement 75.8 67.9 +11.6% +9.4%
    Other Post Trade 7.6 10.2 -25.3% -25.3%

    Revenue from Custody and Settlement this quarter was at €75.8 million, +11.6% compared to Q1 2024. This strong performance was driven by growing Assets under Custody, dynamic settlement instructions and continued double-digit growth in services, supported by the acquisition of Acupay. At the end of the quarter, Assets under Custody amounted to €7.1 trillion, up +3.8% compared to end of Q1 2024. Over 39.3 million instructions were settled via Euronext Securities during the first quarter of 2025, up +9.3% compared to the first quarter of 2024.

    Other Post Trade revenue, which includes membership fees and other non-volume-related clearing fees, was €7.6 million in Q1 2025. The -25.3% decrease compared to Q1 2024 stems from the internalisation of the net treasury income related to Euronext derivatives flows in September 2024, which are now integrated in the net treasury income line.

    • Capital Markets and Data Solutions
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 157.4                147.6                  +6.6% +4.5%
    Primary Markets 46.3 45.5 +1.8% +2.1%
    Advanced Data Solutions 65.1 60.2 +8.1% +3.7%
    Corporate and Investor Solutions and Technology Services 45.9 41.8 +9.8% +8.1%

    Primary Markets revenue was €46.3 million in Q1 2025, an increase of +1.8% compared to Q1 2024. The first quarter recorded slower equity listing performance explained by a volatile environment. Euronext sustained its leading position for equity listing with 8 new listings.

    Advanced Data Solutions revenue was €65.1 million in Q1 2025, up +8.1% compared to Q1 2024. This dynamic performance reflects the contribution of GRSS, strong appetite from retail and growing monetisation of diversified datasets.

    Corporate and Investor Solutions and Technology Services revenue grew by +9.8% in Q1 2025 to €45.9 million. This strong performance reflects the continued commercial expansion of the governance SaaS offering, the increased use of colocation and microwave connectivity, and double-digit growth of investor solutions, supported by the acquisition of Substantive Research.

    Following the completion of the acquisition of Admincontrol on 13 May 2025, Admincontrol’s revenue will be integrated with Corporate and Investor Solutions and Technology Services revenue from Q2 2025.

    • Net treasury income

    Net treasury income was at €18.6 million (+58.8%). This reflect the benefit from the Euronext Clearing expansion and the internalisation of treasury income from LCH SA following the completion of the derivatives clearing migration, as well as higher cash collateral posted to the CCP due to the elevated market volatility.

    • Volume-related revenue
      • FICC Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 90.7 72.5 +25.1% +25.2%
    Fixed income trading and clearing 51.8 39.1 +32.4% +32.4%
    Commodities9 trading and clearing 29.6 26.3 +12.8% +13.9%
    FX trading 9.2 7.1 +30.4% +26.5%

    Fixed income trading and clearing revenue reached €51.8 million in Q1 2025, up +32.4% compared to Q1 2024, driven by record fixed income trading activity supported by favourable market conditions.

    Commodities trading and clearing revenue reached €29.6 million in Q1 2025, up +12.8% compared to Q1 2024, reflecting record intraday power trading volumes and dynamic agricultural commodity trading and clearing.

    FX trading revenue was up +30.4%, at €9.2 million in Q1 2025, reflecting record trading volumes, and a positively geared volume mix.

    • Equity Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 108.4 91.9 +18.0% +18.0%
    Cash equity trading and clearing 94.0 76.8 +22.5% +22.5%
    Financial derivatives trading and clearing 14.4 15.1 -4.8% -4.8%

    Cash equity trading and clearing revenue was €94.0 million in Q1 2025, up +22.5% driven by exceptional market volatility. Euronext recorded average daily cash trading volumes of €13.8 billion, up +31.8% compared to Q1 2024. Revenue capture on cash trading averaged 0.50 bps for the first quarter of 2025, impacted by higher volumes, stronger intraday volatility and larger average order size. Euronext market share on cash equity trading averaged 64.1% in Q1 2025.

    Financial derivatives trading and clearing revenue was €14.4 million in Q1 2025, -4.8% compared to Q1 2024. This decrease is mostly linked to the decrease of the average clearing fees, as following the clearing migration certain clearing fees are now reported in the line Other Post Trade revenues, and as such not fully comparable with Q1 2024.

    Q1 2025 financial performance

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses exc. D&A (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Operating expenses exc. D&A (164.3) (159.4) +3.1% +1.2%
    EBITDA 294.2 242.6 +21.3% +20.6%
    Depreciation & Amortisation (48.3) (44.0) +9.8% +10.6%
    Total Expenses (inc. D&A) (212.6) (203.4) +4.6% +2.9%
    Adjusted operating profit 272.6 232.3 +17.4% +16.8%
    Operating Profit 245.9 198.6 +23.8%  
    Net financing income / (expense) (1.5) 4.7 N/A  
    Profit before income tax 244.4 203.3 +20.2%  
    Income tax expense (67.8) (54.7) +24.0%  
    Share of non-controlling interests (11.9) (8.9) +33.6%  
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted Net income, share of the parent company shareholders10 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  
    • Q1 2025 adjusted EBITDA

    Underlying operating expenses excluding D&A1 were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, partially offset by cost discipline. In addition, Q1 2024 expenses were positively impacted by one-off releases.

    Driven by the double digit growth in revenue, adjusted EBITDA for the quarter reached €294.1 million, up +17.0% compared to Q1 2024. This represents an adjusted EBITDA margin of 64.1%, up 1.6pts vs. Q1 2024. On a like-for-like basis at constant currencies, adjusted EBITDA grew by +16.4% compared to Q1 2024.

    Q1 2025 non-underlying expenses profited from a one-off release of accruals. As a consequence, reported EBITDA was at €294.2 million, up +21.3% compared to Q1 2024.

    • Q1 2025 net income, share of the parent company shareholders

    Depreciation and amortisation accounted for €48.3 million in Q1 2025, +9.8% more than Q1 2024. PPA related to acquired businesses accounted for €20.4 million.

    Adjusted operating profit was €272.6 million, up +17.4% compared to Q1 2024.

    Euronext reported a net financing expense of €1.5 million in Q1 2025, compared to €4.7 million net financing income in Q1 2024. The variation reflects short-term FX movements and decreasing interest rates.

    Income tax for Q1 2025 was €67.8 million. This translated into an effective tax rate of 27.7% for the quarter, compared to 26.9% in Q1 2024.

    Share of non-controlling interests amounted to €11.9 million, correlated with the strong performance of MTS and Nord Pool.

    As a result, the reported net income, share of the parent company shareholders, increased by +17.9% for Q1 2025 compared to Q1 2024, to €164.8 million. This represents a reported EPS of €1.62 basic and €1.61 diluted. Adjusted net income, share of the parent company shareholders, was up +11.8% to €183.5 million. Adjusted EPS (basic) was €1.80. This increase reflects higher profit and a lower number of outstanding shares over the first quarter of 2025 compared to Q1 2024.

    The weighted number of shares used over the first quarter of 2025 was 101,695,588 for the basic calculation and 102,166,786 for the diluted calculation, compared to 103,640,164 and 104,040,256 respectively over the first quarter of 2024. The difference is due to the share repurchase programme executed by Euronext.

    In Q1 2025, Euronext reported a net cash flow from operating activities of €190.6 million, compared to €184.6 million in Q1 2024, reflecting higher profit before tax and higher income tax paid in Q1 2025. Excluding the impact on working capital from Euronext Clearing and Nord Pool CCP activities, net cash flow from operating activities accounted for 88.1% of EBITDA in Q1 2025.

    Q1 2025 corporate highlights since publication of the fourth quarter 2024 results on 13 February 2025

    • Euronext consolidates settlement on its markets to improve the competitiveness of European capital markets

    On 12 March 2025, Euronext has announced that from September 2026, Euronext Amsterdam, Brussels, and Paris will designate Euronext Securities as the central securities depository (CSD) for equity trade settlements. This aligns with Euronext’s “Innovate for Growth 2027” strategic plan and aims to enhance the competitiveness of European capital markets by addressing post-trade fragmentation. Currently, equity trade settlement in Europe is fragmented across over 30 CSDs. This initiative allows clients to consolidate settlement and custody activities across multiple markets into a single CSD, streamlining operations and enhancing liquidity. It also aids them adapting to regulatory changes, such as the move to T+1 settlement in October 2027. Additionally, Euronext has moved its own shares to Euronext Securities, showcasing the benefits of this consolidation for equity issuers.

    • Dividend payment schedule for 2025

    The Managing Board, upon the approval of the Supervisory Board, has decided to propose for approval at the Annual General Meeting the payment of a dividend of €2.90 per ordinary share (based on the total number of eligible shares). The dividend would be distributed evenly (pro rata the number of shares held) to holders of ordinary shares on the dividend record date set on 27 May 2025 (ex-dividend date is set on 26 May 2025 and payment date is set on 28 May 2025). This dividend represents a pay-out ratio of 50% of the reported net income, in line with Euronext’s current dividend policy.

    Corporate highlights since 1 April 2025

    • Euronext completes the acquisition of Admincontrol

    On 13 May 2025, Euronext announced the completion of the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. This transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed the WACC within three to five years post-closing11. Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. This acquisition supports Euronext’s strategy to expand its software-as-a-service (SaaS) offering and increases Euronext’s share of subscription-based revenue. Admincontrol has experienced double-digit growth over the past five years, with NOK 452 million in revenue and NOK 200 million in EBITDA in 202412. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services.

    • Launch of European Common Prospectus to accelerate capital market integration and boost IPO activity across the EU

    On 25 April 2025, Euronext has launched the European Common Prospectus, a standardised template for equity issuances, with the aim to integrate European capital markets more deeply. This initiative seeks to reduce regulatory fragmentation, enhance transparency, and promote cross-border investment. The prospectus, developed since November 2024, aligns with existing EU regulations and simplifies the listing process by reducing the required sections from 21 to 11. It uses English as the preferred language, facilitating cross-border access to capital. This new format benefits issuers by streamlining the listing process, and investors by providing consistency and comparability across EU jurisdictions. The full implementation of the Listing Act is expected by June 2026; but this prospectus addresses the immediate need to boost IPO activity in Europe in the meantime.

    • Euronext strengthens its support for European strategic autonomy

    On 6 May 2025, Euronext announced the implementation of a full set of initiatives to support investments in European strategic autonomy. This includes the creation of a new series of thematic indices covering companies that contribute to Europe’s strategic autonomy, tailored solutions to enhance equity financing of European aerospace and defence companies and facilitated issuance of European defence bonds13.

    • Euronext volumes for April 2025

    In April 2025, the average daily transaction value on the Euronext cash order book stood at €16.0 billion, up +44.1% compared to the same period last year. The overall average daily volume on Euronext derivatives stood at 712,389 lots, up +6.4% compared to April 2024, and the open interest was 25,388,147 contracts at the end of April 2025, up +6.4% compared to April 2024. The average daily volume on Euronext FX’s spot foreign exchange market stood at $38.2 billion, up +33.1% compared to the same period last year. Average daily day-ahead power traded was 2.7TWh, down -3.5% compared to the same period last year, and average daily intraday power traded was 0.5TWh, up +37.4% compared to April 2024. MTS Cash average daily volumes were up +55.4% to €55.8 billion in April 2025, MTS Repo term adjusted average daily volume stood at €723.1 billion, up +50.1% compared to the same period last year. Euronext Clearing cleared 32,206,770 shares in April 2025, +58.2% compared to April 2024. €2,752 billion of wholesale bonds were cleared in April 2025 (double counted), up +19.7% compared to the same period in 2024. 1,098,474 bond retail contracts were cleared in April 2025 (double counted), down -18.0% compared to April 2024. The number of derivatives contracts cleared was 14,247,781, up +934.7% compared to April 2024 (single counted). Euronext Securities reported 12,506,259 settlement instructions in April 2025, up +14.0% compared to the same period last year. The total Assets Under Custody reached over €7.0 trillion in April 2025, up +3.0% compared to the same period last year.

    Results Webcast

    A webcast will be held on Thursday, 15 May 2025, at 09:00 CEST (Paris time) / 08:O0 BST (London time):

    Live webcast:

    For the live webcast go to: Webcast

    The webcast will be available for replay after the call at the webcast link and on the Euronext Investor Relations webpage.
    Contacts

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

    Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

    Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. The figures in this document have not been audited or reviewed by our external auditor. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Appendix

    The figures in this Appendix have not been audited or reviewed by our external auditor.

    Non-IFRS financial measures

    For comparative purposes, the company provides unaudited non-IFRS measures including:

    • Operational expenses excluding depreciation and amortisation, underlying operational expenses excluding depreciation and amortisation;
    • EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin.

    Non-IFRS measures are defined as follows:

    • Operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses;
    • Underlying operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses, excluding non-recurring costs;
    • Underlying revenue and income as the total of revenue and income, excluding non-recurring revenue and income;
    • Non-underlying items as items of revenue, income and expense that are material by their size and/or that are infrequent and unusual by their nature or incidence are not considered to be recurring in the normal course of business and are classified as non-underlying items on the face of the income statement within their relevant category in order to provide further understanding of the ongoing sustainable performance of the Group. These items can include:
      • integration or double run costs of significant projects, restructuring costs and costs related to acquisitions that change the perimeter of the Group;
      • one-off finance costs, gains or losses on sale of subsidiaries and impairments of investments:
      • amortisation and impairment of intangible assets which are recognised as a result of acquisitions and mostly comprising customer relationships, brand names and software that were identified during purchase price allocation (PPA);
      • tax related to non-underlying items.
    • Adjusted operating profit as the operating profit adjusted for any non-underlying revenue and income and non-underlying costs, including PPA of acquired businesses;
    • EBITDA as the operating profit before depreciation and amortisation;
    • Adjusted EBITDA as the adjusted operating profit before depreciation and amortisation adjusted for any non-underlying operational expenses excluding depreciation and amortisation;
    • EBITDA margin as EBITDA divided by total revenue and income;
    • Adjusted EBITDA margin as adjusted EBITDA, divided by total revenue and income;
    • Adjusted net income, as the net income, share of the parent company shareholders, adjusted for any non-underlying items and related tax impact.

    Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the consolidated financial statements.

    Consolidated income statement

      Q1 2025 Q1 2024
    in €m, unless stated otherwise Underlying Non-underlying Reported Underlying Non-underlying Reported
    Revenue and income 458.5 – 458.5 401.9 – 401.9
    Securities Services 83.4 – 83.4 78.1 – 78.1
    Custody and Settlement 75.8 – 75.8 67.9 – 67.9
    Other Post Trade 7.6 – 7.6 10.2 – 10.2
    Capital Markets and Data Solutions 157.4 – 157.4 147.6 – 147.6
    Primary Markets 46.3 – 46.3 45.5 – 45.5
    Advanced data solutions 65.1 – 65.1 60.2 – 60.2
    Corporate and Investor Solutions and Technology Services 45.9 – 45.9 41.8 – 41.8
    Net treasury income 18.6 – 18.6 11.7 – 11.7
    FICC Markets 90.7 – 90.7 72.5 – 72.5
    Fixed income trading and clearing 51.8 – 51.8 39.1 – 39.1
    Commodities income trading and clearing 29.6 – 29.6 26.3 – 26.3
    FX trading 9.2 – 9.2 7.1 – 7.1
    Equity Markets 108.4 – 108.4 91.9 – 91.9
    Cash equity trading and clearing 94.0 – 94.0 76.8 – 76.8
    Financial derivatives trading and clearing 14.4 – 14.4 15.1 – 15.1
    Other income 0.1 – 0.1 0.2 – 0.2
    Operating expenses excluding D&A (164.5) 0.1 (164.3) (150.7) (8.7) (159.4)
    Salaries and employee benefits (86.9) (0.5) (87.3) (80.7) (4.4) (85.1)
    Other operational expenses, of which (77.6) 0.6 (77.0) (70.0) (4.3) (74.3)
    System & communication (25.9) (0.1) (26.0) (24.6) (1.4) (26.0)
    Professional services (18.1) 1.0 (17.1) (11.9) (1.9) (13.8)
    Clearing expense (0.2) – (0.2) (9.1) – (9.1)
    Accommodation (4.6) (0.2) (4.8) (3.8) (0.3) (4.1)
    Other operational expenses (28.8) – (28.8) (20.6) (0.7) (21.3)
    EBITDA 294.1 0.1 294.2 251.3 (8.7) 242.6
    EBITDA margin 64.1%   64.2% 62.5%   60.4%
    Depreciation & amortisation (21.5) (26.8) (48.3) (19.0) (25.0) (44.0)
    Total expenses (185.9) (26.7) (212.6) (169.7) (33.7) (203.4)
    Operating profit 272.6 (26.7) 245.9 232.3 (33.7) 198.6
    Net financing income / (expense) (1.5) – (1.5) 4.7 (0.0) 4.7
    Profit before income tax 271.1 (26.7) 244.4 237.0 (33.7) 203.3
    Income tax expense (74.9) 7.1 (67.8) (63.4) 8.7 (54.7)
    Non-controlling interests (12.7) 0.9 (11.9) (9.3) 0.4 (8.9)
    Net income, share of the parent company shareholders 183.5 (18.8) 164.8 164.2 (24.5) 139.7
    EPS (basic, in €) 1.80   1.62 1.58   1.35
    EPS (diluted, in €) 1.80   1.61 1.58   1.34

    Adjusted EPS definition

      Q1 2025 Q1 2024
    Net income reported 164.8 139.7
    EPS reported 1.62 1.35
    Adjustments for non-underlying items included in:    
    Operating expenses exc. D&A                                       0.1 (8.7)
    Depreciation and amortisation                                   (26.8) (25.0)
    Minority interest 0.9 0.4
    Tax related to adjustments 7.1 8.7
    Adjusted net income 183.5 164.2
    Adjusted EPS 1.80 1.58

    Consolidated comprehensive income statement

      Q1 2025 Q1 2024
    Profit for the period 176.6 148.6
         
    Other comprehensive income    
    Items that may be reclassified to profit or loss:    
    – Exchange differences on translation of foreign operations 16.9 (26.3)
    – Income tax impact on exchange differences on translation of foreign operations (1.1) 2.6
    – Gains and losses on cash flow hedges 2.2 –
    – Change in value of debt investments at fair value through other comprehensive income – 0.2
    – Income tax impact on change in value of debt investments at fair value through
    other comprehensive income    		 – (0.1)
         
    Items that will not be reclassified to profit or loss:    
    – Remeasurements of post-employment benefit obligations (2.5) (0.3)
    Other comprehensive income for the period, net of tax 15.5 (23.8)
    Total comprehensive income for the period 192.1 124.8
         
    Comprehensive income attributable to:    
    – Owners of the parent 179.9 116.6
    – Non-controlling interests 12.2 8.2

    Consolidated statement of financial position

    in €m 31 March 2025 31 December 2024
    Non-current assets    
    Property, plant and equipment 107.4 106.2
    Right-of-use assets 88.2 57.5
    Goodwill and other intangible assets                                6,096.5                           6,096.2
    Deferred income tax assets 29.1 30.4
    Investments in associates and joint ventures                                          0.8                                    0.8
    Financial assets at fair value through OCI                                     357.0                               357.0
    Other non-current assets 3.4 3.5
    Total non-current assets 6,682.4 6,651.6
         
    Current assets    
    Trade and other receivables 574.2 412.9
    Income tax receivable 17.5 11.4
    Derivative financial instruments 2.2 –
    CCP clearing business assets 341,647.6 270,288.7
    Other current financial assets 59.5 63.8
    Cash & cash equivalents 1,642.3 1,673.5
    Total current assets 343,943.3                272,450.3
         
    Total assets 350,625.7 279,101.8
         
    Equity    
    Shareholders’ equity 4,224.6 4,245.2
    Non-controlling interests 161.7 156.8
    Total Equity 4,386.3 4,402.0
         
    Non-current liabilities    
    Borrowings 2,537.5 2,537.0
    Lease liabilities 71.7 46.2
    Other non-current financial liabilities 3.5 3.5
    Deferred income tax liabilities 495.1 496.8
    Post-employment benefits 23.0 21.0
    Contract liabilities 54.2 56.4
    Other provisions 7.0 7.2
    Total Non-current liabilities 3,192.1 3,168.2
         
    Current liabilities    
    Borrowings 524.0 516.5
    Lease liabilities 21.9 15.8
    Derivative financial instruments –                                         0.1
    CCP clearing business liabilities 341,695.3 270,357.9
    Income tax payable 99.3 91.1
    Trade and other payables 526.5 464.3
    Contract liabilities 176.2 80.1
    Other provisions 4.1 5.9
    Total Current liabilities 343,047.3 271,531.7
         
    Total equity and liabilities 350,625.7 279,101.8

    *The comparative figures for CCP clearing business assets and liabilities were both adjusted upwards by €69,713.3 million in the Universal Registration Document 2024 as published on 28 March 2025 due to an adjustment in the recognition of clearing business assets and clearing business liabilities, when compared to the positions in the press release dated 13 February 2025.

    Consolidated statement of cash flows

    in €m Q1 2025 Q1 2024
    Profit before tax 244.4 203.3
    Adjustments for:    
    – Depreciation and amortisation 48.3 44.0
               – Share based payments 3.9 3.9
    – Changes in working capital (37.4) (36.6)
    Cash flow from operating activities 259.2 214.7
    Income tax paid (68.6) (30.0)
    Net cash flows from operating activities 190.6 184.6
         
    Cash flow from investing activities    
    Purchase of current financial assets                                     (0.7) (21.7)
    Redemption of current financial assets                                      5.7 18.6
    Purchase of property, plant and equipment                                    (6.8) 0.1
    Purchase of intangible assets (23.0) (16.4)
    Interest received 10.3 10.4
    Proceeds from sale of property, plant, equipment and intangible assets                                         – 0.1
    Net cash flow from investing activities (14.6) (8.9)
         
    Cash flow from financing activities    
    Interest paid (0.8) (0.2)
    Payment of lease liabilities (5.5) (5.5)
    Transactions in own shares (204.5) (2.1)
    Dividends paid to non-controlling interests – (0.3)
    Net cash flow from financing activities (210.8) (8.2)
         
    Total cash flow over the period (34.8) 167.6
    Cash and cash equivalents – Beginning of period 1,673.5 1,448.8
    Non-cash exchange gains/(losses) on cash and cash equivalents 3.6 (6.8)
    Cash and cash equivalents – End of period 1,642.3 1,609.6

    Volumes for the first quarter of 2025

    • Securities Services
    Euronext Securities activity Q1 2025 Q1 2024 % var
    Number of settlement instructions over the period 39,317,842 35,963,785 +9.3%
    Assets under Custody (in €bn), end of period 7,132 6,871 +3.8%
    • Capital Markets
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Listings      
    Number of Issuers on Equities      
    Euronext 1,786 1,860 -4.0%
    SMEs 1,397 1,463 -5.0%
    Number of Listed Securities      
    Funds 2,163 2,392 -10.0%
    ETFs 4,158 3,861 +8.0%
    Bonds 55,645 56,862 -2.0%
    Capital raised on primary and secondary market      
    Total Euronext, (€ million)      
    Number of new equity listings 8 10  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 2,850 8,012 -64.0%
    Money Raised – Bonds 316,716 380,183 -17.0%
    Total Money Raised 319,803 388,352 -18.0%
    of which SMEs      
    Number of new equity listings 8 9  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 1,278 4,957 -74.0%
    Money Raised – Bonds 396 478 -17.0%
    Total Money Raised 1,911 5,591 -66.0%
    • FICC Markets

    Fixed income trading

      Q1 2025 Q1 2024 % var
    Transaction value (€ million, single counted)      
    MTS      
    ADV MTS Cash 56,791 34,658 +64.0%
    TAADV MTS Repo 508,929 491,789 +3.0%
    Other fixed income      
    ADV Fixed income 1,932 1,744 +11.0%

    Fixed income clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Bonds – Wholesale (nominal value in €bn – double counted) 8,160 7,392 +10.0%
    Bonds – Retail (number of contracts – double counted) 4,175,846 3,800,084 +10.0%

    Commodities markets

      Q1 2025 Q1 2024 % var
    Number of trading days              90 91 -1.1%
    Power volume (in TWh)      
    ADV Day-ahead Power Market          3.28 3.32 -1.2%
    ADV Intraday Power Market          0.43 0.29 +47.3%
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Derivatives Volume (in lots)      
    Commodity 7,886,335 7,193,909 +9.6%
    Futures 7,570,868 6,756,390 12.1%
    Options 315,467 437,519 -27.9%
    Derivatives ADV (in lots)      
    Commodity 125,180 114,189 9.6%
    Futures 120,173 107,244 12.1%
    Options 5,007 6,945 -27.9%
      31 March 2025 31 March 2024 % var
    Open interest (in lots)      
           
    Commodity 1,043,370 923,004 +13.0%
    Futures 841,449 584,361 +44.0%
    Options 201,921 338,643 -40.4%

    FX Markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    FX volume ($m, single counted)      
    Total Euronext FX 1,856,742 1,583,472 +17.3%
    ADV Euronext FX 29,472 24,742 +19.1%
    • Equity Markets

    Cash trading

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Number of transactions (buy and sell)      
    Total Cash Market 188,721,610 152,340,714 +24.0%
    ADV Cash Market 2,995,581 2,418,107 +24.0%
    Transaction value (€ million, single counted)      
    Total Cash Market 867,015 657,688 +31.8%
    ADV Cash Market 13,762 10,439 +31.8%

    Cash clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Shares (number of contracts – single counted) 76,849,676 58,446,470 +31.0%
    Derivatives (number of contracts – single counted) 42,112,910 5,823,089 +623.0%

    Financial derivatives markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Derivatives Volume (in lots)      
    Equity 34,226,575 32,815,066 +4.3%
    Index 11,889,419 12,477,980 -4.7%
    Futures 6,946,746 7,240,666 -4.1%
    Options 4,942,673 5,237,314 -5.6%
    Individual Equity 22,337,156 20,337,086 +9.8%
    Futures 489,757 574,911 -14.8%
    Options 21,847,399 19,762,175 +10.6%
           
    Derivatives ADV (in lots)      
    Equity 543,279 520,874 +4.3%
    Index 188,721 198,063 -4.7%
    Futures 110,266 114,931 -4.1%
    Options 78,455 83,132 -5.6%
    Individual Equity 354,558 322,811 +9.8%
    Futures 7,774 9,126 -14.8%
    Options 346,784 313,685 +10.6%
           
    Open interest (in lots) 31 March 2025 31 March 2024 % var
    Equity 23,589,360 21,831,754 +8.1%
    Index 1,052,853 878,571 +19.8%
    Futures 477,425 638,777 -25.3%
    Options 575,428 239,794 +140.0%
    Individual Equity 22,536,507 20,953,183 +7.6%
    Futures 165,404 564,408 -70.7%
    Options 22,371,103 20,388,775 +9.7%

    1www.euronext.com/en/media/13322/download
    2 Definition in Appendix – adjusted for non-underlying operating expenses excluding D&A and non-underlying revenue and income.
    3   Fixed income, commodities and currencies
    4 Last twelve months reported and adjusted EBITDA
    5 Like-for-like basis at constant currency
    6www.euronext.com/en/about/media/euronext-press-releases/euronext-launches-european-common-prospectus-accelerate-capital
    7www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic
    8www.euronext.com/en/about/media/euronext-press-releases/euronext-completes-acquisition-admincontrol
    9 Including revenue from power trading and clearing
    10 For the total adjustments performed please refer to the Appendix of this press release
    11 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    12 Unaudited figures
    13www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic

    Attachment

    The MIL Network –

  • MIL-OSI: Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) Increases Quarterly Distribution 13% to $0.17 From $0.15 Annual Distribution to $0.68 From $0.60 Per Share

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (the “Fund”) approved an increase in the annualized distribution to $0.68 per share, which will be paid $0.17 per share quarterly, commencing with the quarterly distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025.

    The Fund intends to pay a quarterly distribution determined by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year.

    Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

    All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject up to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

    If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

    Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would include approximately 4% from net investment income, 80% from net capital gains and 16% would be deemed a return of capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Bethany Uhlein
    (914) 921-5546

    About The Gabelli Healthcare & WellnessRxTrust
    The Gabelli Healthcare & WellnessRx Trust is a diversified, closed-end management investment company with $218 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE: GRX
    CUSIP – 36246K103

    THE GABELLI HEALTHCARE & WELLNESSRx TRUST
        Investor Relations Contact:
        Bethany Uhlein
        914.921.5546
        buhlein@gabelli.com

    The MIL Network –

  • MIL-OSI Asia-Pac: MOFA strongly refutes Chinese leader Xi’s misrepresentation of historical facts and UNGA Resolution 2758 in signed article

    Source: Republic of China Taiwan

    May 8, 2025  
    No. 144  

    In a signed article titled “Learning from History to Build Together a Brighter Future,” published in the Russian Gazette on May 7, Chinese leader Xi Jinping misrepresented historical and legal facts regarding the Cairo Declaration, the Potsdam Proclamation, and United Nations General Assembly (UNGA) Resolution 2758. His preposterous narrative, which distorted reality and deviated from the truth, constitutes a malicious attempt to deceive and mislead the international community and to erase the sovereignty of the Republic of China (Taiwan). The Ministry of Foreign Affairs (MOFA) expresses strong displeasure at and condemnation of these false claims. 
     
    MOFA reiterates that the 1943 Cairo Declaration, the Potsdam Proclamation, and other instruments with legal effect under international law all confirmed the sovereignty of the Republic of China over Taiwan. At the time, the People’s Republic of China did not even exist. How then could these instruments have “all affirmed China’s sovereignty over Taiwan”? The PRC played no role in the fight against Japan during World War II, nor was it invited to the signing of the San Francisco Peace Treaty. Therefore, the PRC is in no position to make any claim concerning “part of the postwar international order.” 
     
    The status of Taiwan, Penghu, and other islands appertaining or belonging to Taiwan was addressed during and after World War II in a series of legal instruments, including the Cairo Declaration, the Potsdam Proclamation, the Japanese Instrument of Surrender, the San Francisco Peace Treaty, and the 1952 Treaty of Peace between the ROC and Japan. Furthermore, the Potsdam Proclamation, the Japanese Instrument of Surrender, the San Francisco Peace Treaty, and the Treaty of Peace between the ROC and Japan all drew on the Cairo Declaration, which explicitly laid out a legal obligation that Taiwan and the islands appertaining or belonging to it (including the Diaoyutai Islands) should be restored to the Republic of China.
     
    MOFA also reaffirms that UNGA Resolution 2758 made no mention of Taiwan anywhere in its text and, therefore, could not have stated that Taiwan is a part of the PRC. It did not grant legal authority to the PRC to represent Taiwan or the Taiwanese people in the UN and its specialized agencies. By mischaracterizing this resolution, the Chinese government not only ignores historical facts but also violates principles of international law. China and its leaders have relentlessly tried to mislead the international community into accepting its “one China principle.” They have falsely claimed that Taiwan is part of the PRC and that the resolution has authorized China to represent Taiwan in the UN system. These are all attempts to erase the objective reality that the Republic of China (Taiwan) is a sovereign country and to terminate Taiwan’s pursuit of its legitimate right to participate in the UN system.
     
    MOFA urges the international community to oppose China’s continuing effort to distort historical facts and misrepresent UNGA Resolution 2758 in order to change the status quo that neither side of the Taiwan Strait is subordinate to the other. It calls on nations worldwide to jointly condemn China for again resorting to blatant provocations and attempting to undermine the status quo. MOFA emphasizes that the Republic of China (Taiwan) is an independent, sovereign country and that Taiwan has never been a part of the PRC. It reiterates that neither democratic Taiwan nor authoritarian China being subordinate to the other is the status quo across the Taiwan Strait and that this is a long-standing, internationally recognized, and objective fact. Only the democratically elected government of Taiwan has the right to represent the 23.5 million people of Taiwan in the UN system and the international arena. China has no right to interfere. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA congratulates Holy See on election of new pope and looks forward to deepening bilateral relations

    Source: Republic of China Taiwan

    MOFA congratulates Holy See on election of new pope and looks forward to deepening bilateral relations

    Date：2025-05-09
    Data Source：Department of European Affairs

    May 9, 2025  
    No. 147  

    The Holy See on May 8 elected the 267th pontiff of the Catholic Church, Pope Leo XIV. President Lai Ching-te promptly instructed the Embassy of the ROC (Taiwan) to the Holy See to forward a congratulatory message to the new pope. In his message, President Lai extended sincere congratulations on behalf of the people, government, and Catholic community of Taiwan. He expressed confidence that the profound wisdom of Pope Leo XIV would serve as a guiding light for the Catholic Church and its 1.4 billion followers worldwide. He also reaffirmed Taiwan’s commitment to working steadfastly with the Holy See to jointly pursue peace, justice, religious freedom, unity, love, and human dignity.
     
    This year marks the 83rd anniversary of the establishment of diplomatic relations between our country and the Holy See. The two sides enjoy a solid alliance and close interactions and share the universal values of religious freedom, human rights, peace, and compassion. Taiwan will continue to engage with the Holy See in promoting exchanges and cooperation, further strengthening bilateral relations, and making even greater contributions to the world. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Foreign Minister Lin concludes successful visit to US

    Source: Republic of China Taiwan

    Foreign Minister Lin concludes successful visit to US

    Date：2025-05-10
    Data Source：Department of North American Affairs

    May 10, 2025  
    No. 152  

    Minister of Foreign Affairs Lin Chia-lung on May 10 concluded a successful three-day visit to the US state of Texas and boarded a flight back to Taiwan.
     
    On the last day of the trip, Minister Lin attended the Texas-Taiwan AI and Innovation Summit, which was organized by the Texas Association of Business (TAB), Opportunity Austin, and the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) at the Texas State Capitol. In remarks delivered at the event, Minister Lin thanked US partners for long trusting and supporting Taiwan’s technology sector. He said that the gathering highlighted the strong partnership between Taiwan and the United States in such industries as AI, semiconductors, robotics, and energy, expressing the hope that the two countries would continue to work together in technology, capital, human resources, and other domains.
     
    Minister Lin also stressed that Taiwan and the United States enjoyed a mutually beneficial partnership in the high-tech industry. He noted that, given its complete upstream and downstream supply chains and its solid intellectual property protections, Taiwan had always been a key US partner and that together they could build even more resilient democratic supply chains. Pete Sessions, a senior member of the US House of Representatives for Texas, also spoke during the event, reaffirming democratic Taiwan as the staunchest partner of the United States in AI-related cooperation. 
     
    Minister Lin and Representative Sessions also witnessed the signing of a Taiwan-Texas economic cooperation agreement between TEEMA, TAB, and Opportunity Austin designed to facilitate two-way investment between Taiwan and the United States.
     
    During his trip, Minister Lin met with prominent political and business leaders from Texas, announced the Taiwan government’s interest in a Taiwan Tower investment and construction project in downtown Houston, and delivered his address to the Texas-Taiwan AI and Innovation Summit. Furthermore, visiting the Texas House of Representatives at the invitation of its speaker and in the company of Managing Director of the American Institute in Taiwan Washington Office Ingrid Larson, Minister Lin publicly accepted a resolution that the House had adopted in support of Taiwan.
     
    Minister Lin’s visit concluded on a successful note. The Ministry of Foreign Affairs will continue to implement a roadmap introduced by President Lai Ching-te to deepen bilateral trade relations through integrated diplomacy, underlining the diverse and robust partnership between Taiwan and the United States at all levels and across all areas. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA firmly opposes terrorism, expresses deep concern over growing tensions between India and Pakistan

    Source: Republic of China Taiwan

    MOFA firmly opposes terrorism, expresses deep concern over growing tensions between India and Pakistan

    Date：2025-05-10
    Data Source：Department of East Asian and Pacific Affairs

    May 10, 2025  
    No. 153  

    Following the terrorist attack in Kashmir on April 22, tensions between India and Pakistan have escalated, eliciting international concern. 
     
    The Ministry of Foreign Affairs (MOFA) works closely with democratic partners worldwide in staunch opposition to international terrorism. It expresses firm support for all legitimate and necessary actions taken by the government of India to safeguard national security and fight terrorist forces that cross borders to attack innocent civilians.
     
    MOFA will continue to pay close attention to developments between India and Pakistan and engage in joint efforts to ensure peace and stability in the Indo-Pacific. MOFA advises Taiwan nationals to pay heed to their personal safety, leave the area of conflict as soon as possible, and seek assistance from the nearest overseas mission in the event of an emergency. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI China: MOFA strongly refutes Chinese leader Xi’s misrepresentation of historical facts and UNGA Resolution 2758 in signed article

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    May 8, 2025  

    No. 144  

    In a signed article titled “Learning from History to Build Together a Brighter Future,” published in the Russian Gazette on May 7, Chinese leader Xi Jinping misrepresented historical and legal facts regarding the Cairo Declaration, the Potsdam Proclamation, and United Nations General Assembly (UNGA) Resolution 2758. His preposterous narrative, which distorted reality and deviated from the truth, constitutes a malicious attempt to deceive and mislead the international community and to erase the sovereignty of the Republic of China (Taiwan). The Ministry of Foreign Affairs (MOFA) expresses strong displeasure at and condemnation of these false claims. 

     

    MOFA reiterates that the 1943 Cairo Declaration, the Potsdam Proclamation, and other instruments with legal effect under international law all confirmed the sovereignty of the Republic of China over Taiwan. At the time, the People’s Republic of China did not even exist. How then could these instruments have “all affirmed China’s sovereignty over Taiwan”? The PRC played no role in the fight against Japan during World War II, nor was it invited to the signing of the San Francisco Peace Treaty. Therefore, the PRC is in no position to make any claim concerning “part of the postwar international order.” 

     

    The status of Taiwan, Penghu, and other islands appertaining or belonging to Taiwan was addressed during and after World War II in a series of legal instruments, including the Cairo Declaration, the Potsdam Proclamation, the Japanese Instrument of Surrender, the San Francisco Peace Treaty, and the 1952 Treaty of Peace between the ROC and Japan. Furthermore, the Potsdam Proclamation, the Japanese Instrument of Surrender, the San Francisco Peace Treaty, and the Treaty of Peace between the ROC and Japan all drew on the Cairo Declaration, which explicitly laid out a legal obligation that Taiwan and the islands appertaining or belonging to it (including the Diaoyutai Islands) should be restored to the Republic of China.

     

    MOFA also reaffirms that UNGA Resolution 2758 made no mention of Taiwan anywhere in its text and, therefore, could not have stated that Taiwan is a part of the PRC. It did not grant legal authority to the PRC to represent Taiwan or the Taiwanese people in the UN and its specialized agencies. By mischaracterizing this resolution, the Chinese government not only ignores historical facts but also violates principles of international law. China and its leaders have relentlessly tried to mislead the international community into accepting its “one China principle.” They have falsely claimed that Taiwan is part of the PRC and that the resolution has authorized China to represent Taiwan in the UN system. These are all attempts to erase the objective reality that the Republic of China (Taiwan) is a sovereign country and to terminate Taiwan’s pursuit of its legitimate right to participate in the UN system.

     

    MOFA urges the international community to oppose China’s continuing effort to distort historical facts and misrepresent UNGA Resolution 2758 in order to change the status quo that neither side of the Taiwan Strait is subordinate to the other. It calls on nations worldwide to jointly condemn China for again resorting to blatant provocations and attempting to undermine the status quo. MOFA emphasizes that the Republic of China (Taiwan) is an independent, sovereign country and that Taiwan has never been a part of the PRC. It reiterates that neither democratic Taiwan nor authoritarian China being subordinate to the other is the status quo across the Taiwan Strait and that this is a long-standing, internationally recognized, and objective fact. Only the democratically elected government of Taiwan has the right to represent the 23.5 million people of Taiwan in the UN system and the international arena. China has no right to interfere. (E)

    MIL OSI China News –

  • MIL-OSI China: MOFA congratulates Holy See on election of new pope and looks forward to deepening bilateral relations

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA congratulates Holy See on election of new pope and looks forward to deepening bilateral relations

    • Date：2025-05-09
    • Data Source：Department of European Affairs

    May 9, 2025  

    No. 147  

    The Holy See on May 8 elected the 267th pontiff of the Catholic Church, Pope Leo XIV. President Lai Ching-te promptly instructed the Embassy of the ROC (Taiwan) to the Holy See to forward a congratulatory message to the new pope. In his message, President Lai extended sincere congratulations on behalf of the people, government, and Catholic community of Taiwan. He expressed confidence that the profound wisdom of Pope Leo XIV would serve as a guiding light for the Catholic Church and its 1.4 billion followers worldwide. He also reaffirmed Taiwan’s commitment to working steadfastly with the Holy See to jointly pursue peace, justice, religious freedom, unity, love, and human dignity.

     

    This year marks the 83rd anniversary of the establishment of diplomatic relations between our country and the Holy See. The two sides enjoy a solid alliance and close interactions and share the universal values of religious freedom, human rights, peace, and compassion. Taiwan will continue to engage with the Holy See in promoting exchanges and cooperation, further strengthening bilateral relations, and making even greater contributions to the world. (E)

    MIL OSI China News –

  • MIL-OSI China: Foreign Minister Lin concludes successful visit to US

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin concludes successful visit to US

    • Date：2025-05-10
    • Data Source：Department of North American Affairs

    May 10, 2025  

    No. 152  

    Minister of Foreign Affairs Lin Chia-lung on May 10 concluded a successful three-day visit to the US state of Texas and boarded a flight back to Taiwan.

     

    On the last day of the trip, Minister Lin attended the Texas-Taiwan AI and Innovation Summit, which was organized by the Texas Association of Business (TAB), Opportunity Austin, and the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) at the Texas State Capitol. In remarks delivered at the event, Minister Lin thanked US partners for long trusting and supporting Taiwan’s technology sector. He said that the gathering highlighted the strong partnership between Taiwan and the United States in such industries as AI, semiconductors, robotics, and energy, expressing the hope that the two countries would continue to work together in technology, capital, human resources, and other domains.

     

    Minister Lin also stressed that Taiwan and the United States enjoyed a mutually beneficial partnership in the high-tech industry. He noted that, given its complete upstream and downstream supply chains and its solid intellectual property protections, Taiwan had always been a key US partner and that together they could build even more resilient democratic supply chains. Pete Sessions, a senior member of the US House of Representatives for Texas, also spoke during the event, reaffirming democratic Taiwan as the staunchest partner of the United States in AI-related cooperation. 

     

    Minister Lin and Representative Sessions also witnessed the signing of a Taiwan-Texas economic cooperation agreement between TEEMA, TAB, and Opportunity Austin designed to facilitate two-way investment between Taiwan and the United States.

     

    During his trip, Minister Lin met with prominent political and business leaders from Texas, announced the Taiwan government’s interest in a Taiwan Tower investment and construction project in downtown Houston, and delivered his address to the Texas-Taiwan AI and Innovation Summit. Furthermore, visiting the Texas House of Representatives at the invitation of its speaker and in the company of Managing Director of the American Institute in Taiwan Washington Office Ingrid Larson, Minister Lin publicly accepted a resolution that the House had adopted in support of Taiwan.

     

    Minister Lin’s visit concluded on a successful note. The Ministry of Foreign Affairs will continue to implement a roadmap introduced by President Lai Ching-te to deepen bilateral trade relations through integrated diplomacy, underlining the diverse and robust partnership between Taiwan and the United States at all levels and across all areas. (E)

    MIL OSI China News –

  • MIL-OSI China: MOFA firmly opposes terrorism, expresses deep concern over growing tensions between India and Pakistan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA firmly opposes terrorism, expresses deep concern over growing tensions between India and Pakistan

    • Date：2025-05-10
    • Data Source：Department of East Asian and Pacific Affairs

    May 10, 2025  

    No. 153  

    Following the terrorist attack in Kashmir on April 22, tensions between India and Pakistan have escalated, eliciting international concern. 

     

    The Ministry of Foreign Affairs (MOFA) works closely with democratic partners worldwide in staunch opposition to international terrorism. It expresses firm support for all legitimate and necessary actions taken by the government of India to safeguard national security and fight terrorist forces that cross borders to attack innocent civilians.

     

    MOFA will continue to pay close attention to developments between India and Pakistan and engage in joint efforts to ensure peace and stability in the Indo-Pacific. MOFA advises Taiwan nationals to pay heed to their personal safety, leave the area of conflict as soon as possible, and seek assistance from the nearest overseas mission in the event of an emergency. (E)

    MIL OSI China News –

  • MIL-OSI USA: East Asia and Pacific Subcommittee Chairwoman Kim Delivers Opening Remarks at Hearing on National Economic Security

    Source: US House Committee on Foreign Affairs

    Media Contact 202-321-9747

    WASHINGTON, D.C. – Today, House Foreign Affairs East Asia and Pacific Subcommittee Chairwoman Young Kim delivered opening remarks at a full committee hearing titled, “National Economic Security, Advancing US Interests Abroad.”

    Watch Here

    -Remarks-

    Good morning and welcome to the East Asia and the Pacific Subcommittees, national security, national economic security advancing U.S. interests abroad. In 2019, William Burns, one of our most decorated diplomats and former CIA director described the Department of State as adrift. Over the years, the department has had trouble finding its purpose as functions and authorities have been stripped away or absorbed by the National Security Council, Department of Defense, and even agencies traditionally focused on domestic issues.

    For more than 170 years, economic statecraft was led by the Department of State. This changed in 1961 when President Kennedy sought to expand the administrative state, pulling functions and authorities out of the department to create new agencies and organizations, including the United States Trade Representative, which would be responsible for conducting all US trade and investment diplomacy. The justification for pulling these trade and investment functions out of the department was to improve the government’s capacity to prioritize and support US businesses, strengthen the export performance of U.S. industry and assure fair international trade practices. However, it has effectively split our economic interests from our diplomatic priorities, which has resulted in several challenges.

    First challenge is that it has not helped to increase the ability of U.S. businesses to access foreign markets. In practice, the foreign commercial service and foreign agriculture service officers are few in number and often positioned at U.S. embassies without alignment to our foreign policy priorities. When I travel abroad, I routinely meet with FCS personnel who explain that they spend most of their time engaged in trade shows and organizing events with minimal direct work on increasing and securing market access for American businesses. Because they are siloed off from our diplomatic efforts of the Department of State, they are restricted in leveraging the other tools in our diplomatic toolkit to assist American companies.

    Second challenge is that the American market has been left susceptible to predatory foreign competition. Our ability to protect American businesses and workers has been severely hampered, leading to calls from across the country for the executive to act and repatriate entire industries and sectors. President Trump, like his predecessors, has repeatedly said that economic security, economic policy is foreign policy. Unfortunately, we have not implemented the structural reforms needed to mobilize that sentiment.

    Even President Obama asked Congress for the authority to consolidate six agencies with trade and investment functions in 2012. This request was not supported by Congress. Bipartisan administrations have independently come to the same conclusion. The current alignment of functions and agencies charged with leading our economic statecraft effort is in need of structural reform. I agree that economic security is national security, and the key question we’ll be asking today is what structural reforms are necessary to reflect this prioritization. So we intend to answer that question in our committee’s first comprehensive state authorization legislation that we will be doing in more than 20 years.

    ###

    MIL OSI USA News –

  • MIL-OSI United Kingdom: IBCA Community Update, 14 May 2025

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    IBCA Community Update, 14 May 2025

    Infected Blood Compensation Authority’s update that was circulated on 14 May 2025

    Documents

    IBCA Community Update, 14 May 2025

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    Infected Blood Compensation Authority’s update that was circulated on 14 May 2025.

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    Published 14 May 2025

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    MIL OSI United Kingdom –

  • MIL-OSI Security: Suffolk Man Sentenced to 25 Years in Prison for Sexually Exploiting Minors

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

    NORFOLK, Va. – A Suffolk man was sentenced today to 25 years in prison for sexual exploitation of children.

    According to court documents, Gary Owens Jr., 42, of Suffolk, engaged in a scheme to “catfish” teenage boys. Using images of a real, adult woman, including sexually explicit images, Owens pretended to be a minor female named “Jessica Lincon” on Instagram before enticing boys to Kik to obtain sexually explicit images and videos from them.

    Owens exploited children over at least a five-year period from 2019 to 2023 and amassed a collection of at least 1,800 images and videos of child sexual abuse material and age questionable material. Law enforcement identified at least 35 minor victims in 2022 alone.

    Erik S. Siebert, U.S. Attorney for the Eastern District of Virginia, and Sean Ryan, Special Agent in Charge of the FBI Washington Field Office’s Criminal and Cyber Division, made the announcement after sentencing by U.S. District Judge Elizabeth W. Hanes. This case was investigated by the FBI Washington Field Office Child Exploitation and Human Trafficking Task Force. Significant assistance was provided by the FBI’s Norfolk Field Office.

    Assistant U.S. Attorneys Laura D. Withers and Rebecca Gantt prosecuted the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by U.S. Attorney’s Offices and the Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 2:24-cr-78.

    MIL Security OSI –

  • MIL-OSI: Channel Factory Strengthens North American Leadership to Accelerate Growth and Expansion

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) — Channel Factory, the global brand suitability and contextual advertising company, today announced several strategic leadership appointments to bolster its North American operations and drive the company’s next phase of growth, appointing Kevin Gentzel as President, Americas. Gentzel brings over two decades of experience leading revenue and transformation strategies at some of the world’s most recognized media and technology companies.

    This follows Channel Factory’s recent investment from Truelink Capital, which was specifically designed to help Channel Factory advance its future growth, and this announcement further reinforces that plan.

    In previous roles, Gentzel served as Global Chief Commercial and Growth Officer at Newsweek, was the first Chief Revenue Officer at Gannett and held the position of Head of Advertising Sales for North America at Yahoo. He has also held the position of Chief Revenue Officer at The Washington Post. During his time at The Washington Post as CRO, Gentzel helped lead the company through the Jeff Bezos acquisition. Gentzel was also the first CRO at Forbes Media, and under his leadership, the company developed the Forbes CMO Summit and Practice and launched “AdVoice” (now BrandVoice), an industry-leading version of branded content.

    Gentzel is a sought after voice at top industry conferences and has spoken at events to include Business Insider’s IGNITION, Financial Times’ Digital Media Summit in London, Forbes CMO Summit, and Digiday’s Publishing Summit.

    “As Channel Factory continues to scale and evolve, bringing on exceptional leaders is critical to realizing our vision. Kevin’s ability to drive innovation and business growth at the highest levels of media and technology makes him an invaluable addition to our executive team,” said Tony Chen Founder and CEO of Channel Factory.

    “This leadership investment underscores Channel Factory’s commitment to evolving its executive team to meet the growing needs of the digital media industry and support its ambitious expansion plans,” continued Chen.

    About Channel Factory
    Channel Factory is a global technology and data company that optimizes business performance and enhances brand reputation through ethical and effective contextual targeting. Utilizing proprietary AI and brand suitability technologically , Channel Factory ensures ads are placed on brand-safe, contextually relevant content across YouTube, CTV platforms, and social media, including Meta and TikTok. Through its conscious media planning, Channel Factory is committed to promoting sustainability, diversity, and positive content, helping brands achieve their goals while fostering a healthier digital ecosystem.

    Channel Factory has a presence in 31 countries across the Americas, Europe, the Middle East, Asia, and ANZ, providing advertisers with IAB standard category lists and customized content options in 49+ languages. For more information about Channel Factory, please visit http://www.channelfactory.com.

    Media Contact:
    Andrew Krepow
    andrew@broadsheetcomms.com

    The MIL Network –